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kriptotr

full member

Activity: 249

Merit: 100

Quote from: TheP3aceguy on July 09, 2017, 06:40:02 PM

Heyho,

so it seems like I want to try out trading a bit. Mostly with ICO. Therefore I wanted to ask here for some advice regarding trading. How do I find out which coin is profitable to put money in, etc.?

Thank you for your advice!

If you want to invest in ico projects, please investigate their team before you spend your money on. If you believe their project is real and the team is trustful you can start. Otherwise, stay away from ico projects. Most of them make you lose money.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: ?? on ??

So would it make more sense to stay with established coins?

Actually ICOs do hold some extra benefits compared to regular coins.
It might be good to look for ones with a trusted dev team or, even better, and ICO that has an escrow collecting the proceeds from it.

DaMut

sr. member

Activity: 1274

Merit: 263

Quote from: TheP3aceguy on July 09, 2017, 06:40:02 PM

Heyho,

so it seems like I want to try out trading a bit. Mostly with ICO. Therefore I wanted to ask here for some advice regarding trading. How do I find out which coin is profitable to put money in, etc.?

Thank you for your advice!

You should know the answers right ? You can see it from comunity responses about your question ;

1.An Ico is not a Trading but it is an Investment,that mean you put your money to their project in order to get a gain from their project and sales.most of them are scam and if you are a newbie in cryptoworld would be best for you if you didnt touch them.

2. Want to start trading ? Start with a new project that had been listed to any exchanger because the prices will surely volatile and of course before that you need to do a little research about your investment (before invest)

3.Luck,you need to pray a lot in order to get maximum profits and not maximum loses

abayan

sr. member

Activity: 686

Merit: 260

Quote from: FlamingFingers on July 09, 2017, 06:44:08 PM

You said, "Mostly with ICO." That is not trading — it is investing. The most hyped projects are the ones you should look for, as they either hold a great, new concept, or the coin/token itself has somewhat of a value among the community.

Yes, and you will be able to find it in altcoins discussion. But before investing make sure it is a good Ico or have a good projects for it to success. Read its whitepaper then decide if you wanna invest or not and what until it release hold or sell it.

cryptonx

sr. member

Activity: 1176

Merit: 252

Futurov

Quote from: TheP3aceguy on July 09, 2017, 06:40:02 PM

Heyho,

so it seems like I want to try out trading a bit. Mostly with ICO. Therefore I wanted to ask here for some advice regarding trading. How do I find out which coin is profitable to put money in, etc.?

Thank you for your advice!

if you want to start trading, just signup to poloniex or bittrex..
make a research with a few coin,, maybe use technically or news from the coin you choose.. to find the best price to buy and sell it
if you want to invest on ICO, you can find it on announcements sections,, there is a lot of ICO project show up,

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: FlamingFingers on July 09, 2017, 06:49:59 PM

Quote from: jackg on July 09, 2017, 06:45:27 PM

There's not really a way to do this it's mainly about luck.

What is good to look at is anything that makes the coin unique. Ensure the developers hold less than 5% in premined coins and that the ICO value is reasonable. Also, be carefull when downloading wallet clients as there are some altcoin wallets that contain viruses.

Ensure you split your money between multiple diferent accounts (a maximum of 10% in each) as that will garentee the shortest amount of losses from the sale of the coins once their value increases.

Why to invest in a project with pre-mined coins? Why do they need those pre-mined coins anyway? Isn't the development team making an ICO to collect funds for the project and the developers?

Just if they plan to hold more than 5% in premined coins from the project then they have a very high control over the network and the coin could easily sink in value if its value gets to a certain amount that the devs are happy with.
And, of course, the ICO is designed to split the coins mined by the devs to the investers equally but the development team might consider adding a large investment and then get some of the ICO themselves.

Also, as an extra point, it's good to work out if there is a fixed number of ocins that can be produced, or if the number can increase (as a coin like Bitcoin has a fixed number of bitcoins but other currencies do not have a permenant fixed aomunt).

FlamingFingers

sr. member

Activity: 1344

Merit: 288

Quote from: jackg on July 09, 2017, 06:45:27 PM

There's not really a way to do this it's mainly about luck.

What is good to look at is anything that makes the coin unique. Ensure the developers hold less than 5% in premined coins and that the ICO value is reasonable. Also, be carefull when downloading wallet clients as there are some altcoin wallets that contain viruses.

Ensure you split your money between multiple diferent accounts (a maximum of 10% in each) as that will garentee the shortest amount of losses from the sale of the coins once their value increases.

Why to invest in a project with pre-mined coins? Why do they need those pre-mined coins anyway? Isn't the development team making an ICO to collect funds for the project and the developers?

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: TheP3aceguy on July 09, 2017, 06:40:02 PM

Heyho,

so it seems like I want to try out trading a bit. Mostly with ICO. Therefore I wanted to ask here for some advice regarding trading. How do I find out which coin is profitable to put money in, etc.?

Thank you for your advice!

There's not really a way to do this it's mainly about luck.

What is good to look at is anything that makes the coin unique. Ensure the developers hold less than 5% in premined coins and that the ICO value is reasonable. Also, be carefull when downloading wallet clients as there are some altcoin wallets that contain viruses.

Ensure you split your money between multiple diferent accounts (a maximum of 10% in each) as that will garentee the shortest amount of losses from the sale of the coins once their value increases.

FlamingFingers

sr. member

Activity: 1344

Merit: 288

You said, "Mostly with ICO." That is not trading — it is investing. The most hyped projects are the ones you should look for, as they either hold a great, new concept, or the coin/token itself has somewhat of a value among the community.

TheP3aceguy

newbie

Activity: 9

Merit: 0

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