Post
Topic
Board Trading Discussion
Re: Short Term Trading Altcoins and Meme Coins?
by
Mehedi72
on 18/01/2024, 12:13:31 UTC
This is one of the top memecoin and we know the hype for this coming from the Billionaire Elon.
I think DOGE can hit its new ATH once the market becomes more bull and despite if being a memecoin, DOGE is able to stay on top and keep the hype every time the market rise. Short term trading are ideal for memecoin as they are seasonal coin where they can only pump once the hype is available.
Memecoins are for everyone that has potentials of taking the bold step and witnessing good profits from the system. We might not be the standable confident trader but when we see an opportunity, we don't fail to take it and ensure we grind really hard to withdraw good figures from the system. We might never know how the market operates because it's filled with volatility but we can make countable records of the good and bad days we've witnessed in the space. DOGEcoin have been consider as one the numerous dump coin in the market. Elon Musk have this stunt he always pull every single time he's optimistic of generating profits from the system.

If you can take that risk and you are willing to wait after buying this type of project, meme coin always surprises the market and with the way investors and traders take their actions they don't want to missed the ride when bull or pump season take place, as behind that investment the high risk situation for their money. A single mistake of choosing which meme project to invest can result of losing all the money that you put for your investment. There's no assurance but just a hope that it will bring decent benefits.

Most of the meme coins that are listed on the top exchange suddenly behave in a way that other traders in the market don't really expect. And most of them are also highly volatile on exchanges like Pepe Coin, which is a good short-term trade anyway.

And I will try, but you must have deep knowledge here, because otherwise you will have a hard time keeping up with that short-term trading activity here in the crypto space.

You must have the knowledge and strong nerve when picking meme project, knowing that any time the value may fall hard and whale will just dive in and scoop with all the potential money that being invested inside the market, you need to have that knowledge to make sure that you will be able to ride along and not become a victim of those big fat whales who really love playing with the emotions of each investor and trader who love riding with new project/meme.