Hello,
Can somebody explain how to decide buying an altcoin?
Let me write what I know;
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.
Well, it is not about high or low volumes. You can buy a coin which has a low volume but you can still earn a good profit. It depends on most of your skill and your analysis. If you are a good trader, you can make money with any coins on the market, even when it is traded with a low volume. The projects do not bring you much information. Try to follow the news. Most of the news are created by whales or group of rich investors. If you can follow the news, you can easily make profit from their activities Can somebody explain how to decide buying an altcoin?
Let me write what I know;
- Check the coinmarketcap.com and choose ones with high volume
- Check the projects
- Check the chart, if it is pumped, don't buy, wait
- Check the chart, if it is dumping, wait low volatility
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.