Check out the market cap of top coins. Higher cap means less chance of manipulation. I usually stick to BTC and ETH, mostly BTC. Other coins can be sketchy.
It really depends on the trader. Some go for whatever's trending today. Others check market caps to scalp for gains. Some prefer blue chips like Bitcoin because they’re less volatile than altcoins.
Honestly, I think calling them investors is more accurate than traders. Meme coins are just seasonal trends. They pump in bull markets and crash in bears. With Bitcoin and major alts, you can trade daily and see real action.
I focus on BTCUSDT mainly, but I set aside some funds each week to gamble on the most volatile new coins. I never trade more than one risky coin plus Bitcoin in a week. Mixing pairs usually leads to losses for me.
Gambling traders jump on many pairs, from Bitcoin to the shadiest altcoins. But pro traders are picky. They wait for good entry points with low risk. They won’t trade if the market looks bad.
True, but when users say they traded a meme coin, it just means they jumped in briefly. Some day trade meme coins to cash out once they double or more.
It’s all about what works for you. Daily trading volume and market cap are key for picking coins. Smart traders know to jump on hyped altcoins before they hit tier 1 exchanges for quick profits.
Traders often focus on finding ways to keep growing their money. Day trading isn’t for everyone. Some should just avoid it. Meme coins can be risky but if you know how to buy, they can pay off.
Stick to 2 or 3 pairs that you can manage instead of juggling too many. Look for volume and market cap. If the trading activity is high, it’s a good sign. Long-term holders should stick with top coins.
@OP, if you’re new to crypto, start with Bitcoin. Its price isn’t as easily manipulated as many altcoins. Some traders only focus on BTC, while others stick to a few pairs.
Less manipulation doesn’t mean less liquidity. Most exchanges list coins with decent liquidity. But manipulated coins show crazy price spikes and drops in short time.
For minimizing risks, trade real, stable coins instead of meme ones. They can dump at any moment. Meme coins are risky assets, more for those who know what they're doing.
How do you decide what to trade? It’s best to look for good entry points, especially in a bearish market. I only trade a couple pairs to avoid confusion.
Not many traders have a clear answer on this. Some start with BTCUSDT since its direction often affects other pairs. Others check top 10 by market cap to avoid manipulation.