When you don't have much BTC to trade with, you might better start with altcoin trading. In that situation you can also become familiar with the actual trading process (and its risks).
Most altcoins are probably more volatile than Bitcoin, so there will be more changes in value. This might return in profit, but also in loss.
Most altcoins are probably more volatile than Bitcoin, so there will be more changes in value. This might return in profit, but also in loss.
Ok and altcoins can be exchanged for bitcoins right? Any tips on where I should begin?
poloniex if you don't bother too much with their new id verification, but you can still put fake name, otherwise crypsy is good big volume, and great security never hacked for now
security is important for a trader since you need to store always an amount for fast trading
there is also bittrex, which has changed its front recently, starting from there and then move to cryptsy would not be a bad move
I apologize I'm confused. So i should join one of those exchanges buy the currency then trade until I make a profit and sell to get more bitcoins?
as beginner try to avoid altcoins, unless you know that investing in altcoins is the same as gambling. there are way too many pump & dump coins.
Lol one says use altcoins one says don't use alt coins. I made a btc-e account and transfers my measly bitcoins I wanted to transfer some funds but coinbase takes 6 days any way to add funds faster?
try with cryptsy they should be faster, even if they are considered slow, they are dealing with usd since years already
avoid altcoin if don't know how to trade, i would say to avoid trading in general, but if you have experience, they(altcoin) could be good to build your bitcoin portfolio
usually alt gets a "pump rotation", but they are slim pump, nothing to compare with the golden age, i believe many whales left the scene...
