Are People Still Trading Altcoins?

[shawonngp]

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.

Among the altcoins that I have analyzed for the last few months, no new coin has increased by 10x, it may be because of the bad condition of the altcoins market, even after being listed on binance, coinbse, new altcoins are not increased up to 10x-20x, altcoins investment isn't seems gambling where you need to luck, if you invest in potential coins, you can profit in short or long time. Altcoins are highly risky because their profit will be high and short-term. We should avoid new random altcoins.

[ZAINmalik75]

Of course, a lot of people trade altcoins or meme coins in the market even now, but if your intention by creating this thread is to find out if there is a way for anyone to know which meme coin or altcoin is going to increase ten folds or more within a short period then you will not get anything, because that's impossible. If it was possible for people to have such information then every trader must have been a millionaire by now only through trading meme coins that would go 10x or more after a short period of them getting listed.

Those who trade meme coins and newly created cryptocurrencies basically gamble with their money, because they just buy them as soon as they are hyped, and then hope and pray that they actually gain some value so that they can make some money, but unfortunately, most of these coins eventually fail, and their investors lose money. So it's much better for someone who has no intentions to gamble to stick to the top cryptocurrencies instead.

[r_victory]

People are definitely trading altcoins; just look at CoinMarketCap or CoinGecko. Aside from stablecoins, most of the cryptocurrencies being traded are altcoins, and the volume of altcoins being traded on exchanges is high. The cryptocurrency market favors Bitcoin, but altcoins still have their appeal, as they are projects with diverse proposals.

[fredericktaylor]

Among the altcoins that I have analyzed for the last few months, no new coin has increased by 10x, it may be because of the bad condition of the altcoins market, even after being listed on binance, coinbse, new altcoins are not increased up to 10x-20x, altcoins investment isn't seems gambling where you need to luck, if you invest in potential coins, you can profit in short or long time. Altcoins are highly risky because their profit will be high and short-term. We should avoid new random altcoins.

Investment is a completely personal decision but it is very important to invest carefully and understand it. Every investment has risks but investing in Altcoins is very risky. It is very important to take the time to understand before investing in Altcoins, so that you do not have to regret investing in Altcoins and plan your investment keeping that in mind. Many people are being cheated by investing in Altcoins, so it is not right to make a quick investment decision without knowing anything. Before investing it is necessary to verify properly and then make a wise decision.

[Hamza2424]

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?

Yes bro, it still happens, the only thing that has changed is now we have more platforms where we can trade altcoins. Like you can find hundreds of new platforms where you can find altcoins and even find good liquidity to trade. But I would suggest you stick with the ones with the highest liquidity.

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.

It is not that easy to find 10x altcoins, because back then you could easily have made this from top 50 alts, which is not true for all alts in the top 50, but now things have changed a lot. You have to invest in highly volatile ones to get that profit, like memecoins etc.

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.

I use CMC and CoinGecko but I don't invest in highly volatile alts and my targets could be 10x but never with memecoins. If a coin has listed on Coinbase it does not mean you can make 10x.

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?

Yep there are many but I won't be mentioning them, you have to do your own research because there are thousands of new alts and you can't literally give a chance or do your study on all of them, so find a narrative that is in hype and people are buying in FOMO, that could give you some profit.

[FinneysTrueVision]

Trading them? Yes. Holding them long term is a different story. You make profits in trading from volatility and this is something you will find in altcoins to a greater extent than Bitcoin. People are not trading them based on ideological reasons, they do so because there is an opportunity to make money.

It might not be like the early altcoin days. Those that are after 100x gains overnight are the real degen type. You can still make steady and consistent profits by using a more conservative strategy involving coins that have a higher market cap.

[spiker777]

I don't mean just beat markets but I mean overall including bull.  Back years ago you recall how many people buy altcoins to trade and those coins went up or down a lot of percent.  There were lot of meme coins.


Do people still do that type of trading now or not?  Are there even any new coins now that come out?  I remember back then there were like Cryptocurrency IPO's but do those even happen much anymore?  If they do, do people care?


Back then there were tons of altcoins.  What about now?  What about memecoins? 

Yes, there are still people who trade altcoins and tokens, and yes, new tokens are being launched regularly, not as many as used to, but still a lot. I feel like token launches are more regulated that before, people are not interested in buying random tokens now. they only buy tokens launched by a reputed launchpads,
If you want to know about them, your best option is to follow all those token launchpads that launch tokens. 

[bitgolden]

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.

Yes, you could buy 100 different tokens, and there is a chance only one of them could do that good, and 5-10 of them breaks even at the very best case (or small drop) the rest will crash to near zero and be gone in a year completely. So that is why you should not be investing into altcoins as your whole investment, that will not be good and you are going to end up losing a lot.

I believe the best way to move forward as investors would be putting most of our money into bitcoin instead.

[masulum]

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.

Trading altcoin/token and meme has a higher risk compared with trading coins that have high liquidity that listing in many exchanges. If your goal is searching altcoin/token and meme to get 10x from your capital, then you must be ready to lose 100x or more from your capital. Because right now, the most possible to get 10x is from meme launchpad. but, you will be faced with hundreds of rug pulls. If you are unable to lose 100x from your capital, better just save your money for DCA coins that have high liquidity or buy gold. Of course this is not advice for you, you have the money, and you can make decision for your own choice, not me or other people. I only can remind that for 10x coin it is not easy and can become a serious problem for you, you maybe say trying $10 is okay, but if you get rugged 10x you already run out of $100 from your money.

[taufik123]

-snip-
Because right now, the most possible to get 10x is from meme launchpad. but, you will be faced with hundreds of rug pulls. If you are unable to lose 100x from your capital, better just save your money for DCA coins that have high liquidity or buy gold. Of course this is not advice for you, you have the money, and you can make decision for your own choice, not me or other people. I only can remind that for 10x coin it is not easy and can become a serious problem for you, you maybe say trying $10 is okay, but if you get rugged 10x you already run out of $100 from your money.

The launchpad meme is only a source of fraud, managed by the dev so in the end it will only do a rugpull.
Many insiders come in at the beginning and then will sell it until it hits the bottom. Even the dev owns up to 80% of the tokens in many addresses that will then be all sold.

There really isn't a good narrative, but some memecoins that have a strong narrative will hype at the beginning and eventually will also rugpull
and usually a pretty good one will be a CTO (Community Take Over).

I've had enough bitter experiences from memecoins and don't want to get stuck anymore.
It's better to buy the top coins that have been recommended, with minimal risk and not as brutal as memecoins.

[snowpega]

Of course, a lot of people trade altcoins or meme coins in the market even now, but if your intention by creating this thread is to find out if there is a way for anyone to know which meme coin or altcoin is going to increase ten folds or more within a short period then you will not get anything, because that's impossible. If it was possible for people to have such information then every trader must have been a millionaire by now only through trading meme coins that would go 10x or more after a short period of them getting listed.

Those who trade meme coins and newly created cryptocurrencies basically gamble with their money, because they just buy them as soon as they are hyped, and then hope and pray that they actually gain some value so that they can make some money, but unfortunately, most of these coins eventually fail, and their investors lose money. So it's much better for someone who has no intentions to gamble to stick to the top cryptocurrencies instead.

What I have learned so far in my 4-year journey in the crypto space if you are a person who loves your earned money, then don't go for altcoin trading or holding. I am still in a huge loss in my altcoin holdings. All of them are even way down from my entry points. Where DOT has disappointed me a lot because on the 6th of June, in recent days, it has created its new all-time low, haha. And I am not buying any further altcoin in the coming season because I think we are not going to have an altcoin season this time, and maybe altcoins may perform well in the next season. What do you think?.

And what I will buy is only Bitcoin because of its big trust community and huge adoption. Aside from this, trading is only for those who have the capability of making losses, and they can bear it without thinking about it. You also know that how much knowledge is required for trading space, and the more knowledge you have, the less it will be considered in my point of view for trading space. And most importantly, I think trading memecoins is more like gambling because they rely more on a pumping and dumping scheme. What do you think?