coins must be judged by VOLUME not marketcap

[evergrow]

marketcap is not a good factor to judge a coin's worth. volume, obviously, is the important factor.

THIS is the REAL list:

[Lauda]

Volume is more easily manipulated than marketcap. Bitcoindark/cloak/stellar are very bad and them having volume means that they are the ones being traded right now, it does not mean that they are any good.

[lemfuture]

the only coins that're consistent when it comes to volume in the last year of my observation is BTC n ltc

[evergrow]

Bitcoindark/cloak/stellar are very bad

This statement is nonsense [let me add that I have nothing to do with these three particular coins]. Volume defines what is 'good' at a given time as it's traded among people's money. I could care less about a coin that has $100M marketcap but a very low daily volume. It's completely irrelevant to me, hence not good.

I do not share your ideological thinking. I see things through a capitalistic rather than ideological lens, you see.

[Lauda]

This statement is nonsense [let me add that I have nothing to do with these three particular coins]. Volume defines what is 'good' at a given time as it's traded among people's money. I could care less about a coin that has $100M marketcap but a very low daily volume. It's completely irrelevant to me, hence not good.

I do not share your ideological thinking. I see things through a capitalistic rather than ideological lens, you see.

You knowledge of the cryptocoins is very limited then. Bitcoindark was created to try and steal some fame of Darkcoin, failed utterly.
Looks like cloak was/is being abandoned.
Stellar is just stellar, if you read enough in the past days (probably, hell most likely did not) you would have known.
The volume just shows where the whales are having their fun.
Let me add that I had cloak and sold it at the recent high.

[evergrow]

This statement is nonsense [let me add that I have nothing to do with these three particular coins]. Volume defines what is 'good' at a given time as it's traded among people's money. I could care less about a coin that has $100M marketcap but a very low daily volume. It's completely irrelevant to me, hence not good.

I do not share your ideological thinking. I see things through a capitalistic rather than ideological lens, you see.

You knowledge of the cryptocoins is very limited then. Bitcoindark was created to try and steal some fame of Darkcoin, failed utterly.
Looks like cloak was/is being abandoned.
Stellar is just stellar, if you read enough in the past days (probably, hell most likely did not) you would have known.
The volume just shows where the whales are having their fun.
Let me add that I had cloak and sold it at the recent high.

LaudaM, you do not understand. Bitcoindark, for instance, has both rise and volume. From my standpoint, this is good. I do not ideologically judge a coin at all - I judge its market value best reflected by its volume. I do not care whether it's called Dogecoin or Bitcoindark or Laudacoin, whether it is premined or not or this or that, I care whether it is traded at a high volume or not. Stellar, for example, is extremely popular and has a high volume, a great market for trading.  You must understand that your entire point is of ideological nature, hence completely useless to me.  If it's able to increase my capital, it is good. Capital is important to me, not ideology.

p.s. bitcointalk-account status does not correlate with knowledge of cryptocurrency markets. why so arrogant?

[ButtCrack]

marketcap is not a good factor to judge a coin's worth. volume, obviously, is the important factor.

THIS is the REAL list:

I agree, especially consistant volume please.

[profitofthegods]

The highest volume you are ever likely to see in any market comes during a crash - when everyone wants to sell.

High volume indicates that the marketcap is likely to be a more accurate indiciation of the coin's real (financial) value, but on its own it tells you nothing.

[Sumerian]

Lol, coins must not be judged by 1 factor only. You should do some research before investing in a coin. Are the devs trustworthy and delivering as promised? Is the coin premined? How does the logo look like? What are the benefits of the coin? And even then it's not a guaranteed success.

[balanghai]

It would be nice even to do homework before stepping into a specific currency as you could be burned by a click. 

[Brilliantrocket]

Daily volume is pretty much meaningless. Shitcoins often get to top 5 volume , for one or several days, then drop off, never to be seen again. Average volume over a month would be a more useful metric.

[Mats8500]

Volume means a lot. But you can't evaluate a coin only on that aspect.

This is one of the first thing I look at, but you can't evaluate short term trends as it's been said, shit coins can get there with a few days hype, or pumps. However, if you look at the big picture, and see a constant flow of money in a coin, yes it does mean a lot.

Just don't take it as the main and only factor.

[alani123]

Thanks for pointing this out. Many people seem to be confused by inflated market caps...

[Bobsurplus]

This statement is nonsense [let me add that I have nothing to do with these three particular coins]. Volume defines what is 'good' at a given time as it's traded among people's money. I could care less about a coin that has $100M marketcap but a very low daily volume. It's completely irrelevant to me, hence not good.

I do not share your ideological thinking. I see things through a capitalistic rather than ideological lens, you see.

You knowledge of the cryptocoins is very limited then. Bitcoindark was created to try and steal some fame of Darkcoin, failed utterly.
Looks like cloak was/is being abandoned.
Stellar is just stellar, if you read enough in the past days (probably, hell most likely did not) you would have known.
The volume just shows where the whales are having their fun.
Let me add that I had cloak and sold it at the recent high.

Cloak is surely not being abandoned I can assure you of that. Thay have 8 devs and are always available in the IRC and are coming out with new updates weekly.

Just saying.

Disclaimer. I own a lot of cloak.

[Lauda]

Cloak is surely not being abandoned I can assure you of that. Thay have 8 devs and are always available in the IRC and are coming out with new updates weekly.

Just saying.

Disclaimer. I own a lot of cloak.

That's nice to hear. Then someone was misinforming people and that caught my eye as well.

[Bobsurplus]

Cloak is surely not being abandoned I can assure you of that. They have 8 devs and are always available in the IRC and are coming out with new updates weekly.

Just saying.

Disclaimer. I own a lot of cloak.

That's nice to hear. Then someone was misinforming people and that caught my eye as well.

Misinformation is an experienced traders best friend.

 

[InwardContour]

I would have never imagined to find ripple in the third position, it's value has increased alot since a couple of months ago, what happened?

[big ears]

Stellar, for example, is extremely popular and has a high volume, a great market for trading.  

What worries me about Stellar trading is that it's so new it's only on about three exchanges. One of the first two exchanges is only a few months old and I am still worried it could just disappear overnight and steal the huge volume of coins on there. Maybe they are completely legit, but it's always a risk with new exchanges.

I admit a few old ones like MtGox are untrustworthy, but more brand new exchanges seem to steal user's coins than the older exchanges.

Popular new coins are often only traded on a few small obscure exchanges to begin with. These are not always great markets for trading.

[ButtCrack]

Cloak is surely not being abandoned I can assure you of that. They have 8 devs and are always available in the IRC and are coming out with new updates weekly.

Just saying.

Disclaimer. I own a lot of cloak.

That's nice to hear. Then someone was misinforming people and that caught my eye as well.

Misinformation is an experienced traders best friend.

 

Traders love FUD, it creates dynamics and dynamics creates profits.

[ButtCrack]

The highest volume you are ever likely to see in any market comes during a crash - when everyone wants to sell.

High volume indicates that the marketcap is likely to be a more accurate indiciation of the coin's real (financial) value, but on its own it tells you nothing.

As said by others, it also pays off to have a look at forums of different projects.