Post
Topic
Board Trading Discussion
Re: Suggest me some coin for mid-term Trading.
by
teosanru
on 12/09/2021, 10:12:19 UTC
I want to invest in crypto.Suggest me some coin for mid-term Trading...!
I think you want a coin for investing in mid-term? Actually, the problem with mid-term trading in crypto is the trend of the market, the trend of the market is very volatile in cryptos, while a few days back market was so bullish to break a new all-time high, now experts are predicting it to reach 38k once again. These things would affect your midterm trading a lot as if BTC falls down by 10% no matter how good technicals your coin had it will definitely fall by more than 10% just because of BTC, this makes midterm trading quite difficult, SOL, AXS, or NFT based tokens these days have proven to be best even during these times, they have grown despite the market being quite red.
^ BTC is probably a good investment for the mid-term which is I think that it also belongs to the long-term trading. Probably ETH and BTC are the best starts when it comes to holding coins since they are both highly volatile as of now which is sure there is a potential profit in the future. The top 5 altcoins are also good, you can assure that these are good coins because it has proven for a long time that everyone can make a profit on it but usually, all of these are following the BTC trend, so why not we give full support to the BTC instead than other altcoins.
The sole reason is that BTC is a big coin now and it won't move as much as any altcoin would move, just see how BTC just managed to grow 60% post recent crash while many of the other coins went 2x-3x in the same time and some even went to 10x, this is the reason why at least 60% of your portfolio should be in altcoins which can move faster but yes the risk also increases in altcoins as tey fall down at a higher speed too. Real profit would obviously come from coins that are not in the top 10, so one should keep at least 10-15% of their portfolio in these multi-baggers.