Topic: Altcoin Trading June - will I be able to make profit? (Read 2520 times)
One suggestion: you should choose the coins on the rising trend and buy it at low range, you have more chance to profit it! And do avoid the crappg coins that is pumped up, the price will crash easily! Do your own research becore buying that coins!
So, yesterday I deposited 0.02 Bitcoin* to YoBit.Net. I will be buying and selling Altcoin next Monday. I will be updating how much I lost or earn and what Altcoin I invested in here. I will try my best to trade Altcoin everyday. However, I wont be able to trade in Sunday.
I made a very small profit daytrading BTC/USD on OKCoin last month. And..
will I be able to make profit trading Altcoin? Answer to be revealed in July 01! Watch this thread!
*I know 0.02 Bitcoin is a small amount. The purpose of this is to tell others that we can start investing at 0.02 Bitcoin.
I made a very small profit daytrading BTC/USD on OKCoin last month. And..
will I be able to make profit trading Altcoin? Answer to be revealed in July 01! Watch this thread!
*I know 0.02 Bitcoin is a small amount. The purpose of this is to tell others that we can start investing at 0.02 Bitcoin.
good luck with starting out!
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Started trading on Monday!
Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
good work.Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
try to invest in multiple coins every time you want to buy and sell. there are a lot of coins that are giving profit every day. and if you can find them beforehand and invest in, you can get an easy and bigger profit every time.
also by spreading your investment between multiple coins, you guarantee profit. if you lose 1 others will cover the losses.
but if you have invested in one coin, and it goes down you lost your opportunities.
Thanks for giving me those tips. Those will come handy.. sometime later.. :/ - see below.
You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.
There is a good chance you can catch some rising altcoins.
Hmm.. I think I'm going to withdraw what I have at YoBit.Net and start daytrading at Bittrex. Already deposit 0.02 Bitcoin into my Bittrex account.
. Why withdraw all from Yobit? Well, bought 1000 PTA at 0.00000536 each. The next day it became 0.00000236. I hold on to those coin believing it value will rise again. I'm wrong, now it is only valued at 0.00000051. :/.3rd June 2015
Bought 1000 Pentacoin (PTA) at 0.00000536 Bitcoin (BTC) each.
12th June 2015
1000 PTA worth around 0.00051000
0.00051000-(0.00000536*1000)= -0.00485 Profit.
I'm not giving up. I will be trading on Bittrex soon. Will update this thread again.
.You should watch the history of the coin. If the last month or so it has seen an increase in price of several magnitudes, it is a good indicator that it is going to drop. Don't buy when it has recently risen a shit load.
that is why there are conditional trade offers available.
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.
and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.
and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it
What's conditional trade? Can you give me example? Do YoBit.Net offer conditional trade? What about Bittrex? Thank you for sharing your tip.
it means that you place a condition for your trades.
for example you say if the price of bitcoin goes lower than $210 then sell 10BTC for price of $209.9
or if the price goes higher than $250 sell 10BTC for price of $249.9
the exchanger's bot for these kind of conditional trades mostly have enough for all purposes but , other bots may have better and more options.
Yes. The formal name for those trades is "limit order."
that is why there are conditional trade offers available.
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.
and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.
and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it
What's conditional trade? Can you give me example? Do YoBit.Net offer conditional trade? What about Bittrex? Thank you for sharing your tip.
it means that you place a condition for your trades.
for example you say if the price of bitcoin goes lower than $210 then sell 10BTC for price of $209.9
or if the price goes higher than $250 sell 10BTC for price of $249.9
the exchanger's bot for these kind of conditional trades mostly have enough for all purposes but , other bots may have better and more options.
that is why there are conditional trade offers available.
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.
and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.
and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it
What's conditional trade? Can you give me example? Do YoBit.Net offer conditional trade? What about Bittrex? Thank you for sharing your tip.
Started trading on Monday!
Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
good work.Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
try to invest in multiple coins every time you want to buy and sell. there are a lot of coins that are giving profit every day. and if you can find them beforehand and invest in, you can get an easy and bigger profit every time.
also by spreading your investment between multiple coins, you guarantee profit. if you lose 1 others will cover the losses.
but if you have invested in one coin, and it goes down you lost your opportunities.
Thanks for giving me those tips. Those will come handy.. sometime later.. :/ - see below.
You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.
There is a good chance you can catch some rising altcoins.
Hmm.. I think I'm going to withdraw what I have at YoBit.Net and start daytrading at Bittrex. Already deposit 0.02 Bitcoin into my Bittrex account.
. Why withdraw all from Yobit? Well, bought 1000 PTA at 0.00000536 each. The next day it became 0.00000236. I hold on to those coin believing it value will rise again. I'm wrong, now it is only valued at 0.00000051. :/.3rd June 2015
Bought 1000 Pentacoin (PTA) at 0.00000536 Bitcoin (BTC) each.
12th June 2015
1000 PTA worth around 0.00051000
0.00051000-(0.00000536*1000)= -0.00485 Profit.
I'm not giving up. I will be trading on Bittrex soon. Will update this thread again.
.for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.
and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it
Started trading on Monday!
Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
good work.Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
try to invest in multiple coins every time you want to buy and sell. there are a lot of coins that are giving profit every day. and if you can find them beforehand and invest in, you can get an easy and bigger profit every time.
also by spreading your investment between multiple coins, you guarantee profit. if you lose 1 others will cover the losses.
but if you have invested in one coin, and it goes down you lost your opportunities.
Thanks for giving me those tips. Those will come handy.. sometime later.. :/ - see below.
You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.
There is a good chance you can catch some rising altcoins.
Hmm.. I think I'm going to withdraw what I have at YoBit.Net and start daytrading at Bittrex. Already deposit 0.02 Bitcoin into my Bittrex account.
. Why withdraw all from Yobit? Well, bought 1000 PTA at 0.00000536 each. The next day it became 0.00000236. I hold on to those coin believing it value will rise again. I'm wrong, now it is only valued at 0.00000051. :/.3rd June 2015
Bought 1000 Pentacoin (PTA) at 0.00000536 Bitcoin (BTC) each.
12th June 2015
1000 PTA worth around 0.00051000
0.00051000-(0.00000536*1000)= -0.00485 Profit.
I'm not giving up. I will be trading on Bittrex soon. Will update this thread again.
. 
You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.
One vote from me for Bittrex. Mainly because of the volume. There is a good chance you can catch some rising altcoins.
You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.
There is a good chance you can catch some rising altcoins.
Started trading on Monday!
Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
good work.Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
try to invest in multiple coins every time you want to buy and sell. there are a lot of coins that are giving profit every day. and if you can find them beforehand and invest in, you can get an easy and bigger profit every time.
also by spreading your investment between multiple coins, you guarantee profit. if you lose 1 others will cover the losses.
but if you have invested in one coin, and it goes down you lost your opportunities.
Started trading on Monday!
Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.
Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).
Well I don't know how you are going to do it but best of luck. I hope you have a trading strategy in place and especially with a backup plan on hand. Trading alts these days are getting harder because generally people are pretty much aware of the risk and forthcoming event and they would sell at every opportunity even if that means making a marginal small return. Lost my stash once becoming a bag holder so for me, that's a painful lesson learned.
Thanks for the kind comment. Why dont you share with us what you done to learnt the 'painful' lesson? So we can all avoid the potential pitfall.
good luck with your trades man. i am a beginner in altcoin trading too. although i am doing it slow and with small amounts like you i am increasing the amount little by little as i learn things and go forwards.
may i ask why did you choose YOBIT?
are you trolling on us? 0.02 btc is $4 dollars, you cant even buy big mac meal with this. when they take trading fee you will only have 3 dollar. you waste your time doing like this
it doesn't matter how small is your "initial" investment into trading is. the important thing IMO is that you start small, and not jump in big time.
when you invest $4 , if you lose, then you have lost $4 but learnt a LOT
if you invest $400, if you lose you get frustrated and leave.
and what you said about fees is wrong. fee is a percentage of the volume x% of 0.02 BTC not a fixed amount.
may i ask why did you choose YOBIT?
So, yesterday I deposited 0.02 Bitcoin* to YoBit.Net. I will be buying and selling Altcoin next Monday.
are you trolling on us? 0.02 btc is $4 dollars, you cant even buy big mac meal with this. when they take trading fee you will only have 3 dollar. you waste your time doing like thiswhen you invest $4 , if you lose, then you have lost $4 but learnt a LOT
if you invest $400, if you lose you get frustrated and leave.
and what you said about fees is wrong. fee is a percentage of the volume x% of 0.02 BTC not a fixed amount.
Same to you. I hope that you will be logging your trades here too. I choose Yobit because it is a new exchange with low volume. It's good for newbie trader like me to learn. I manage to turn 0.01 Bitcoin into 0.015 Bitcoin within two days. Was trying out with different strategy before I start trading more tomorrow. Might use Bittrex when I learn the basic and have more time to watch the market and chart.
I threw some points at Ripple today. The way that coin is acting on the market is so weird, something is up with it. Outside of that I've just been selling heavily gather BTC for the next round. 
Ripple is a good choice. When you manage to sell it off, posts here how much profit (hopefully) you have earn.
I am interested to know your outcome and what is your trading strategy? I will keeping watching this thread!
My strategy is newbie strategy - buy low and sell high.
I am interested to know your outcome and what is your trading strategy? I will keeping watching this thread!
I threw some points at Ripple today. The way that coin is acting on the market is so weird, something is up with it. Outside of that I've just been selling heavily gather BTC for the next round.
good luck with your trades man. i am a beginner in altcoin trading too. although i am doing it slow and with small amounts like you i am increasing the amount little by little as i learn things and go forwards.
may i ask why did you choose YOBIT?
are you trolling on us? 0.02 btc is $4 dollars, you cant even buy big mac meal with this. when they take trading fee you will only have 3 dollar. you waste your time doing like this
it doesn't matter how small is your "initial" investment into trading is. the important thing IMO is that you start small, and not jump in big time.
when you invest $4 , if you lose, then you have lost $4 but learnt a LOT
if you invest $400, if you lose you get frustrated and leave.
and what you said about fees is wrong. fee is a percentage of the volume x% of 0.02 BTC not a fixed amount.
may i ask why did you choose YOBIT?
So, yesterday I deposited 0.02 Bitcoin* to YoBit.Net. I will be buying and selling Altcoin next Monday.
are you trolling on us? 0.02 btc is $4 dollars, you cant even buy big mac meal with this. when they take trading fee you will only have 3 dollar. you waste your time doing like thiswhen you invest $4 , if you lose, then you have lost $4 but learnt a LOT
if you invest $400, if you lose you get frustrated and leave.
and what you said about fees is wrong. fee is a percentage of the volume x% of 0.02 BTC not a fixed amount.
Totally man, I'm pretty into this. Its also amazing how small this activity is right now. I would bet there's less than 100,000 AltCoin traders in the world and maybe only 10,000 are active in a day. It presents a really fascinating, challenging and unexplored landscape.
Lol @ these numbers pulled from your ass.
Federal Reserve Bank, in a PDF back in October 2014, said the number of Bitcoin human users (not addresses) was only 100,000. So of course there are less than 100,000 AltCoin traders in the world, since there isn't even more than 100,000 Bitcoin users!
100.000 may be an underestimate. I think the real number is 1 or 2 million. The alt coin forum has about 700.000 posts, so probably there are less 100.000 altcoin traders in the world.
So, yesterday I deposited 0.02 Bitcoin* to YoBit.Net. I will be buying and selling Altcoin next Monday.
are you trolling on us? 0.02 btc is $4 dollars, you cant even buy big mac meal with this. when they take trading fee you will only have 3 dollar. you waste your time doing like this
Well I don't know how you are going to do it but best of luck. I hope you have a trading strategy in place and especially with a backup plan on hand. Trading alts these days are getting harder because generally people are pretty much aware of the risk and forthcoming event and they would sell at every opportunity even if that means making a marginal small return. Lost my stash once becoming a bag holder so for me, that's a painful lesson learned.
Are you going to keep a log of your trades and thoughts behind them? May be interesting for new traders!
I will keep people updated about what I bought and what I sold. However, I wont be able to give thoughts and advice on all of them - maybe some.
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