Are People Still Trading Altcoins?

[Ziskinberg]

I'm not into altcoins but I do believe that there are some out there who are still stuck with trading altcoins. Because there are still few altcoins who remain profitable, but never expect to go 10x because obviously the market is bearish, and so with bitcoin and altcoins.

But as long as there are altcoins that give opportunities to profit and earn income, people will never get tired of trading them. However, it would be best if they consider the market's condition as well before rushing into trading. Don't just trade, but do it when the market is favorable to trade, or when the market is certainly bullish.

[Odogwu-Blockchain]

People are still into but on a low key level, if you are strong enough to withstand the pressure it carries when looking for the best meme coin that'll do 10x then you gotta find the way if you are serious.

I could see some twitter boys who constantly search for altcoins everyday, can't remember the handle but they making it and also failing in it, it's risk afterall.

You should go to pumpfun for more 10x meme coins, you can't just go there yourself, you need guidance to fish out promising coins for you. They mostly on Solana division and so bagging lots of SOL as transaction fee should be prioritized.

[DPHOR]

If you must know, those who keeps trading on altcoin are the people looking for  instant profits than those who are holding Bitcoin, I believe many people look up to altcoin because of the sudden increase that it usually have than Bitcoin, although we know that Bitcoin is the only coin that drives the market crazy and every other altcoin follows immediately. Of course, if you must hold for a long time you must learned never to be influence by all these altcoin that are more volatile than Bitcoin itself.

[Peanutswar]

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Are people that traded altcoins a lot a while back still able to do this anymore or not?  Are there new coins that are even good anymore?

It seems I guess it's more related into altcoin discussion? well, still there are people who make trades with the altcoins especially memecoins like recently launch in Solana the pump.fun because of this the solana network becomes one of the most recognize and tons of people release coins in this network. Now you tried to check the coins listed in the CMC most of them now just follow the trend of bitcoin, no plan at all if they want to become demand they need to recognize and increase their marketcap.

So far because of the bitcoin ETF investors' attention are into bitcoin to trade reason fewer people trades with the alts of course who dont want to get ride with the volatility of the recent trends.

[Shinpako09]

Yes, because others want higher returns. With new altcoins, you can still get 10x, 20x, or even higher returns on your investment if you are lucky. But they’re not easy to spot. By the time you find them, they’re either near their peak or have already started going down.

Investing in new altcoins is very risky, high reward, but also high risk. That’s why some investors mainly choose top altcoins. Occasionally, they venture into smaller altcoins, but rarely and usually not for the long term. Once they make a profit, they exit and don’t come back.

Keep in mind, most of these new altcoins are just pump and dump projects. That’s why many altcoins fail to reach a new ATH even during a bull season.

[Bitcoin_people]

Trading is basically every coin, all the coins that are on the exchanges are being traded. Those altcoins that are not traded in the market and their volume decreases completely are delisted from the exchange. Last year, there were many altcoins and meme coins that investors paid a lot of attention to and traders traded a lot and made profits. But later when the price dropped, many people lost a lot of money from here which was beyond their control, and currently those coins have decreased in value a lot and it is very unlikely that they will rise to a higher level. Those who traded in altcoins a long time ago can still do it if they have enough money and are not afraid of losing. However, I think it is better not to trade in any new coin, but rather to invest only in Bitcoin at the moment, so I would advise you to stay away from trading at the moment since the market condition is already very bad.

[disbil]

Still trading with altcoin but many time must be long term holder after price dump significant, last several days ago I bought top altcoin Ethereum regarding price have been drop at $2,000 but today get most significant dump until $1,600. I don't think have to cut loss after significant dropping and my decision right now keep holding until bitcoin recovery and have chance take profit and get back capital for Ethereum raise up above $2,000.

Recently have all in for investing in ethereum because I think is right time when price dip at $2,000 but today most dip price and really excited still have back up fund to buy back Ethereum at most lower price. I don't give up keep trading in altcoin because high risk but high return earn indeed bitcoin still promising to buy due current drop price right now to $60,000.

[barbara44]

If you must know, those who keeps trading on altcoin are the people looking for  instant profits than those who are holding Bitcoin,

Trading is like that anyway (to provide instant profits). Doesn't matter what coin you choose but BTC is in fact high in volatility too. Then it was actually the alts that are known to be more stable. It was those tokens really are the ones that are also high in volatility. But even so, in trading, one can still use leverage to replicate that higher risk - higher return they are looking for.

I believe many people look up to altcoin because of the sudden increase that it usually have than Bitcoin, although we know that Bitcoin is the only coin that drives the market crazy

I thought we are in a bear market? There are in fact a couple of threads telling major alts are dropping. But on the case of some coins like meme coins, they might continue their business as usual. But that is only one example that it is not only BTC is what attracts people here in crypto or make them to go crazy.

[Ndabagi01]

Are people that traded altcoins a lot a while back still able to do this anymore or not?  Are there new coins that are even good anymore?

The state of altcoins now have really changed in the market, we can’t get to understand and even know good altcoins like we use to in the past, many things have changed and I think we should also have noticed it. New altcoins are not the best choice of investments now, they are mostly born for the hypes and short time gains, so unless these people want to risk them all, they don’t even wanna take chances and invest in them.

Also, altcoins that have shown a long time prospect in the market, their future conditions are a bit sceptical to many because of the current state of the market and how altcoins haven’t been growing, so they’re now a choice of contention until maybe we see a very good altcoin season happen and the trust in them rekindle again.

[Alphakilo]

Are people that traded altcoins a lot a while back still able to do this anymore or not?  Are there new coins that are even good anymore?

The state of altcoins now have really changed in the market, we can’t get to understand and even know good altcoins like we use to in the past, many things have changed and I think we should also have noticed it. New altcoins are not the best choice of investments now, they are mostly born for the hypes and short time gains, so unless these people want to risk them all, they don’t even wanna take chances and invest in them.

Also, altcoins that have shown a long time prospect in the market, their future conditions are a bit sceptical to many because of the current state of the market and how altcoins haven’t been growing, so they’re now a choice of contention until maybe we see a very good altcoin season happen and the trust in them rekindle again.

It's good for a beginner to have a good and proper understanding of on-chain security, smart contract risks and wallet technicalities to be efficient and productive if they consider trading altcoins because this is like pure gambling and your funds can disappear in an instant.
It's very possible to still find coins with 10x or 100x, but for me, I still think Solana is way better in this ecosystem than even Etherum, before we talk about any other altcoins to look out for.

[JeffBrad12]

If you want to have 10x, be prepared to get rekt 10x over. That how it works with altcoin.
It's rare to see a coin that go 1000% you know and if that happens, only 1 out of 1000. Maybe you should find altcoins that could do 1.5x and 2x gain and compound the capital, doing this way 10x your capital is easier but not gonna be an easy task for you.

[Doll2233]

I have never traded before so I'm curious.


A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?


By altcoins, I mean more so on those coins that people talk about that 10x or more.  Thus I don't mean like litecoin or any of the top 20 Altcoins.


Are there altcoins that 10x or more much or is that mainly done?  What sites do you even look for coins like this?  By this, I mean lot of those meme coins mainly.  Several of these coins did get listed on Coinbase which made it more legit like Shiba Inu.


Are people that traded altcoins a lot a while back still able to do this anymore or not?  Are there new coins that are even good anymore?

Yes, absolutely people still trading altcoins and meme coins. But as a newbie diving straight into an altcoins is suicide attempt. In a market there are thousands of scam altcoins rug pull can happen any second but still there are some meme coins that do 10x. Developers just hype up their coin and when someone actually invest in their coin boom they pull out their investment and take their profits. Coins like Shiba getting listed on Coinbase to make them look "legit." The harsh truth is that the time when meme coin gets listed on a major tier-one exchange , the massive 10x phase is already completely over.

[Stable090]

If you must know, those who keeps trading on altcoin are the people looking for  instant profits than those who are holding Bitcoin, I believe many people look up to altcoin because of the sudden increase that it usually have than Bitcoin, although we know that Bitcoin is the only coin that drives the market crazy and every other altcoin follows immediately.

I don’t know if people that do go into all this altcoins don’t know the risk involved in It. Most of them are just after quick money, and they always ignore the fact that they can lose money easily also. If you want to make money, then you don’t have to be in a rush, just hold bitcoin and with time you will be able to make profit with less risk, just that you will be able to hold for long period of time, bitcoin investment isn’t for instant profit, but people are always after instant money, that’s why they do invest in altcoins, and most of them do lose.

[terrific]

If you want to have 10x, be prepared to get rekt 10x over. That how it works with altcoin.
It's rare to see a coin that go 1000% you know and if that happens, only 1 out of 1000. Maybe you should find altcoins that could do 1.5x and 2x gain and compound the capital, doing this way 10x your capital is easier but not gonna be an easy task for you.

They want tremendous gains yet they are not ready to get tremendous risk.
The ratio of making money with trading altcoins with a high leverage comes up with so much risk.
So if they are ready to make a lot of money, they also need to be prepared in taking a lot of risk that can happen on an instant if they do it.
I agree about doing it with that low expectation, it's already a lot with that range of 1.5x to 2x gain per trade they do or even less as long as it's profit.

[yhiaali3]

I think you probably mean shitcoins or Memecoins, which can increase in value tenfold or more. Yes, people are still trading these altcoins, but of course there is no guarantee that their value will increase; on the contrary, their value can decrease tenfold or more.

Trading in this type of highly volatile coins is very risky, especially if you do not have sufficient experience in trading, so it is better to stay away from them and choose coins with real projects that can grow in value significantly over time.

[jcojci]

Don't trade if you don't have enough skills because you can makes a wrong decision especially if you just follow others suggestion. Trading needs analysis and if you have skills, you can analyze the coin before trade and get the right coin.

I believe there are altcoins that 10x or more but that is rarely happens so you need to find out by analyze the coin and search one by one. That is not easy, you need to finds one or two coins  from thousands of coins and trade it. But if you have skills, you can gets the sign and choose the coin.

[tvplus006]

Are there altcoins that 10x or more much or is that mainly done?  What sites do you even look for coins like this?  By this, I mean lot of those meme coins mainly.  Several of these coins did get listed on Coinbase which made it more legit like Shiba Inu...

A distinctive feature of such coins, which are subject to pumps/dumps, is their novelty and low capitalization, which makes it easy to increase their value if capital is available by buying at the market price. Accordingly, when the price of the token increases several times, a sale occurs, which leads to the depreciation of the token. The main exchanges for such tokens are Gate and Mexc, but I would like to note right away that this may be the fastest way to lose your money.

[GreatArkansas]

If you are a real trader, you must embrace any pairs, even if it's an altcoin.
Because for me, what's more important is trading volume, like 24-hour trading volume, and the market cap. Because by basing on that, you know there are a lot of traders on that specific pair, even though it's an altcoin which we all know has a lower market cap compared to Bitcoin, but that's not the case when you are trading, sometimes these altcoins got huge trading volume on some time, which is good to trade also, it will still depends on your strategy or how you trade at all.

[Smartprofit]

In 2017-2018, I actively traded alternative cryptocurrencies. Even then, it was challenging, but I still managed to make a profit. During the bull market, it was easy to make 20 times your initial investment. No one considered it anything out of the ordinary... 🙋

However, since then, the cryptocurrency market has become much more complex. Algorithms and professional traders have entered the market. It's impossible to be smarter than a team of professional traders or faster than AI algorithms. Human intelligence has its limits. After all, primates didn't trade on cryptocurrency exchanges during their biological evolution.

Currently, in my opinion, even trading meme coins has become irrelevant. Most traders have abandoned cryptocurrency exchanges and are betting on the Polymarket platform. These bets are the same altcoins (they are similar to both tokens and futures).💁