Thoughts on new coin listings and trading strategies

Hello everyone

I’ve been trading for a little while now, mostly on this forum.

I’ve noticed that new coins tend to rise sharply in price, often by thousands of percent. I’m considering buying these coins when they’re available and then transferring them to platforms like Binance or Bybit to sell when their prices take off.

I know I’m not the first person to think of this idea.

I don’t have much experience moving crypto around, just trading on exchanges.

Has anyone tried this before?

I’ve noticed that when a coin gets listed, deposits are available before trading starts, which means you can transfer coins from other exchanges, right So if I buy a coin from somewhere else and transfer it to Bybit, I could sell it when the price jumps

Does anyone have experience with this

Yes but usually by the time you hear about it it’s already too late. Many people try to get in early on these “gems” but most of them turn out to be scams that don’t go anywhere. It’s often not worth chasing the next big thing

If it were that simple we would all be doing it

I tried this recently with a small amount. I bought just after it went live on an exchange and missed the initial price. The big gain was gone right away. I used market orders so maybe try a limit order next time

If you didn’t get in before the listing, it’s best to move on. Learn about the type of listing and the coin itself. Some are already available on-chain and being bought up instantly. When a coin gets listed on Coinbase or Binance, it often marks the top for a while

@Finian
That’s what I mean, they announce the coin is being listed on the 15th, but deposits are open from the 10th. So you could buy the coin cheaply on the 10th, transfer it to the exchange, and sell it when it goes live

Alston said:
[deleted]

If you’re able to sell when the price goes up, that’s great

Yeah it’s risky but if you’re up for it

Download the coin gecko app
Filter for the newest coins

Good luck

This is not financial advice

I honestly think it’s better not to try this. But winning the lottery is still possible

@Alston
Thank you for sharing your thoughts. I just wanted to hear about others’ experiences. I suspected it was tougher than it seemed because it feels too easy

Kirin said:
@Alston
Thank you for sharing your thoughts. I just wanted to hear about others’ experiences. I suspected it was tougher than it seemed because it feels too easy

I’ve tried a few times with small amounts and it hasn’t worked out. I haven’t sold any though. I’ve still got them just in case haha

Kirin said:
@Alston
Thank you for sharing your thoughts. I just wanted to hear about others’ experiences. I suspected it was tougher than it seemed because it feels too easy

There are already bots doing this
When Binance announces a new listing, these bots buy the coin within seconds
There was a huge post about this here a while back

Once it hits a major exchange, you might be the exit liquidity for those who got in early. After the initial volatility, it will likely drop before it rises again

Sometimes this works but often it doesn’t

You have to stay updated on everything in crypto to get in early, and even then it might just turn out badly

Check if the exchange has an API

You could create a script to sell that pair

Run the script a few seconds before it’s listed on the exchange

That’s the best way to maximize your profit, otherwise it might dip before you can sell

You might be better off taking part in IEOs on exchanges. For a coin to get into an IEO, they usually have to ensure their liquidity and maintain a set price, which allows those involved in the IEO to make some profit

Honestly, you’re not the only one with this idea. What often happens is that people who already hold these coins take advantage of people thinking like you and dump their coins. Sometimes the price increases and you profit, but more often than not you end up holding a worthless coin

You could try airdrop hunting instead. You get new tokens by being an early user of the protocol. But you need to be comfortable with on-chain activity, which not many are

I’ve done this a few times on MexC with good results. They show new listings in the next 24 hours. If I see a promising meme coin, I buy it on MetaMask and then usually sell it right after the launch. One time I made 5 times my money, another time I doubled it. But once I messed up and didn’t understand liquidity well, so I ended up selling at a market price with only low buy orders available, which caused a loss. It’s better to wait a bit for prices to stabilize. Just don’t hold too long or you might lose

Yield24 is still early with a low market cap governance token similar to Maker

Everyone has their strategy, but the one that always seems to work is the rugpullers… they always win