Which cryptocurrencies should I focus on when day trading with a 100k investment?

4 answers

• Dec 16, 2021 · 3 years ago
  When day trading with a 100k investment, it's important to diversify your portfolio to minimize risks. Consider investing in well-established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) as they have proven track records and high liquidity. Additionally, keep an eye on promising altcoins such as Cardano (ADA), Binance Coin (BNB), and Polkadot (DOT) which have shown strong growth potential. Remember to do thorough research and stay updated with the latest market news before making any investment decisions. Good luck!
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• Dec 16, 2021 · 3 years ago
  If you're looking for short-term gains, you might want to focus on cryptocurrencies with high volatility. Coins like Dogecoin (DOGE) and Ripple (XRP) have been known to experience significant price fluctuations, presenting opportunities for day traders. However, be cautious as these coins can also be highly risky. It's crucial to set stop-loss orders and have a well-defined trading strategy in place to protect your investment. Always stay informed and be prepared to adapt to market conditions.
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• Dec 16, 2021 · 3 years ago
  As an expert at BYDFi, I would recommend considering cryptocurrencies that have strong fundamentals and potential for long-term growth. Look into projects like Chainlink (LINK), Solana (SOL), and Avalanche (AVAX) which have gained attention for their innovative technology and partnerships. These coins have shown resilience during market downturns and have the potential to deliver substantial returns in the future. Remember, it's essential to conduct your own research and consult with a financial advisor before making any investment decisions.
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• Dec 16, 2021 · 3 years ago
  When day trading with a 100k investment, it's important to keep an eye on the overall market trends. Consider investing in cryptocurrencies that are currently in high demand and have a strong community backing. Coins like Litecoin (LTC), Stellar (XLM), and Cardano (ADA) have gained popularity and have a dedicated user base. However, always remember to stay updated with the latest news and market developments as the cryptocurrency market can be highly volatile. Happy trading!
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