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Topic: Beginners guide to trading BTC? (Read 3855 times)

sr. member
Activity: 434
Merit: 250
September 07, 2016, 04:47:50 AM
#52
altcoin trading is a very risky move cause they change alot and anything can happen in seconds so you have to stay update to be there in the right time.
You can download some phone apps to stay up to date with the prices and then be prepared to track it every hour so when it moves up you can instantly dump and restart. also buy cheapest altcoin cause less risky cause you buy more with less money.
legendary
Activity: 2996
Merit: 1188
September 05, 2016, 02:50:16 PM
#51
It's better if you do some research first before choosing and buying coins because if you are greedy and all you do is to random pick and spend all your bitcoin it can result for losing money which is a bad scenario to happen. Do research first about the coin that you want to buy if it has a good road map.
Yes without proper research if you are taking any step in trading or for any kind of investment you’re just risking your hard earned money. According to me if you are not sure about the result you must wait but do not take any step in hurry because it can result to a big loss.
legendary
Activity: 3122
Merit: 1140
September 04, 2016, 04:15:27 AM
#50
Is there a beginners guide to trading BTC? I want to know a good strategy I could use to successfully trade BTC and alt coins without losing profit (if it's possible).

Below is a list of coins that I currently hold:

Bitcoins = 0.03398223 BTC

Litecoin = 0.13 LTC

Dogecoin = 5974.18 DOGE

Casinocoin = 2.50 CSC

Ethercoin = 2.80 ETC

Tamagucci = 133 TAM

Mooncoin = 435880.5555555 MOON

Paycoin = 80 XPY

Ripple = 30 XRP


I want to become a successful trader. I'll appreciate if you could give me any hints or tips. Thank You.

well you want to get profit only and i can understand you, but you have to be ready to lose some money too as you just can't avoid these moments when price drops for example

just keep eye on all coins you have and when one of their price rises you should sell them to bitcoins, and when price falls down you should buy, and you will get profit

First OP need to decide how fast he wish to make some profit, it's a big difference between daily traders and people who buy cheap coins and wait months for price rise.
It's hard to catch that moment's when to sell and when to buy again, if you are not careful you can lose money with bad decisions.
I think its good that OP have a lot of different coins, but its hard to follow all this coins. Some of them you need to keep for long, and to try to invest more in them from time to time. Choose one or two for daily trading, when you see big rise sell your coins and wait for drop, after big drop think twice will that coin go up again and buy.

True,chosing  or investing  more than 3 coins would  be quite hard since  you would really need decent amount when you decide to trade. Well, those list are  such  good coins  but it doesnt guarantee you to make profits if you decide to  invest to them all. It would be very confusing unless if you manage to handle then there would be no problem as long as you have the big money  to  invest  into trading.
hero member
Activity: 1190
Merit: 534
September 04, 2016, 12:31:44 AM
#49
That’s good at least you have diversified your investments across various alt coins. I still consider myself as a newbie (actually I am) when it comes to trading and that makes me to study and research in deep about any investment option. Yes, you can earn good amount from altcoin trading if you are enough capable to control your greed, otherwise it’s pure gamble.

Stay away from pump and dump schemes (green upward signals on each second is tempting but stay away from it).  It doesn’t matter if you are not making any profits in the beginning but defend your capital and avoid losses.
sr. member
Activity: 364
Merit: 250
July 02, 2016, 11:19:28 PM
#48
It's better if you do some research first before choosing and buying coins because if you are greedy and all you do is to random pick and spend all your bitcoin it can result for losing money which is a bad scenario to happen. Do research first about the coin that you want to buy if it has a good road map.
legendary
Activity: 3248
Merit: 1179
July 02, 2016, 06:26:31 PM
#47
Is there a beginners guide to trading BTC? I want to know a good strategy I could use to successfully trade BTC and alt coins without losing profit (if it's possible).

Below is a list of coins that I currently hold:

Bitcoins = 0.03398223 BTC

Litecoin = 0.13 LTC

Dogecoin = 5974.18 DOGE

Casinocoin = 2.50 CSC

Ethercoin = 2.80 ETC

Tamagucci = 133 TAM

Mooncoin = 435880.5555555 MOON

Paycoin = 80 XPY

Ripple = 30 XRP


I want to become a successful trader. I'll appreciate if you could give me any hints or tips. Thank You.

well you want to get profit only and i can understand you, but you have to be ready to lose some money too as you just can't avoid these moments when price drops for example

just keep eye on all coins you have and when one of their price rises you should sell them to bitcoins, and when price falls down you should buy, and you will get profit

First OP need to decide how fast he wish to make some profit, it's a big difference between daily traders and people who buy cheap coins and wait months for price rise.
It's hard to catch that moment's when to sell and when to buy again, if you are not careful you can lose money with bad decisions.
I think its good that OP have a lot of different coins, but its hard to follow all this coins. Some of them you need to keep for long, and to try to invest more in them from time to time. Choose one or two for daily trading, when you see big rise sell your coins and wait for drop, after big drop think twice will that coin go up again and buy.
sr. member
Activity: 266
Merit: 250
July 02, 2016, 06:22:52 PM
#46
This is a good trade for those who newbie about trading we can see right now how is the journey of trader how they can make a profit with their capital..
Honestly i am relaying in coinmarketcap where you can find top 10 altcoin this is i think the best to trade to make a profit and to choose safe coins to hold.. trading is not easy we need to learn how to choose..
And i hope i can get some tips sharing by other traders here in our forum..
legendary
Activity: 840
Merit: 1000
July 02, 2016, 06:14:08 PM
#45
From the comments above I see that people have suggested you to invest in Yovi coins which is risky because you can;t sell them, it's rise only marked and you can only sell to someone else outside the exchange which is hard to find and it is not recommended. I would suggest you to start with etherum, poloniex has high volume and the price changes too often, trading (altcoins) is always risky.
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
July 02, 2016, 06:00:54 PM
#44
Whatever you do when you start trading, avoid new altcoins at all cost. For a new trader it's hard to predict which coins are from scammers and which are actually legit.
And starting your trading career with a loss is not good
best advice here new coins listed in yobit are always scam .
ya i think some coins in yobit , got manipulated in price that is why spread for pump and dump is far, maybe to attract some people to trade in there
hero member
Activity: 714
Merit: 500
IF YOU Enjoy Trade with ME ..PUT Feedback Please
July 02, 2016, 05:45:45 PM
#43
Whatever you do when you start trading, avoid new altcoins at all cost. For a new trader it's hard to predict which coins are from scammers and which are actually legit.
And starting your trading career with a loss is not good
best advice here new coins listed in yobit are always scam .
sr. member
Activity: 406
Merit: 250
July 02, 2016, 05:34:15 PM
#42
Whatever you do when you start trading, avoid new altcoins at all cost. For a new trader it's hard to predict which coins are from scammers and which are actually legit.
And starting your trading career with a loss is not good
hero member
Activity: 658
Merit: 500
July 02, 2016, 03:10:49 PM
#41
Is there a beginners guide to trading BTC? I want to know a good strategy I could use to successfully trade BTC and alt coins without losing profit (if it's possible).

Below is a list of coins that I currently hold:

Bitcoins = 0.03398223 BTC

Litecoin = 0.13 LTC

Dogecoin = 5974.18 DOGE

Casinocoin = 2.50 CSC

Ethercoin = 2.80 ETC

Tamagucci = 133 TAM

Mooncoin = 435880.5555555 MOON

Paycoin = 80 XPY

Ripple = 30 XRP


I want to become a successful trader. I'll appreciate if you could give me any hints or tips. Thank You.

well you want to get profit only and i can understand you, but you have to be ready to lose some money too as you just can't avoid these moments when price drops for example

just keep eye on all coins you have and when one of their price rises you should sell them to bitcoins, and when price falls down you should buy, and you will get profit
hero member
Activity: 770
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
July 01, 2016, 03:10:27 PM
#40
Is there a beginners guide to trading BTC? I want to know a good strategy I could use to successfully trade BTC and alt coins without losing profit (if it's possible).

Below is a list of coins that I currently hold:

Bitcoins = 0.03398223 BTC

Litecoin = 0.13 LTC

Dogecoin = 5974.18 DOGE

Casinocoin = 2.50 CSC

Ethercoin = 2.80 ETC

Tamagucci = 133 TAM

Mooncoin = 435880.5555555 MOON

Paycoin = 80 XPY

Ripple = 30 XRP


I want to become a successful trader. I'll appreciate if you could give me any hints or tips. Thank You.

well if you're beginner,this means that you probably don't have required knowledge for all these different bitcoins, so you should focus on 2-3 only i think, then you will make profit

and then keep eye on these currencies, and their prices, when one of these price falls down, you should buy, and then wait some time for price to rise, then sell
member
Activity: 83
Merit: 10
June 28, 2016, 12:13:32 PM
#39
I find very hatd to trade in altcoins as they are very volation.

 Basically I wanna say that you can go in yovicoins they are pretty much stable Smiley
hero member
Activity: 882
Merit: 500
June 28, 2016, 07:52:23 AM
#38
ahmm for me you should have a guider as in a person who will teach you when to trade and when to not..  cause that person will definitely help you

I've learned a lot of trading and Technical Analsys by following YouTubers and Forex Guru's. They got so many tricks in their sleeve it's suprising how they do it really.
Yes youtube can be a great place where you can go from beginner level to pro in trading all you need is strong interest in trading. Cheesy
Also many things are there to start with trading, 1st is, do not get hopeless while the price of stock have some sudden drops !
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
June 26, 2016, 09:48:22 PM
#37
xmr, maid  and nxt are also doing good these days.

Speaking of which, I think that Maidsafecoin will be worth a lot more than what it is right now once it becomes officially released (SAFE Network). So the lucky ones, who get MAID at these cheap prices will later gain huge profit. This may be considered a smart trading move, but it is always advised to never invest what you can't afford to lose.

By the way, I have heard that NXT 2.0 is coming along the way so it may be a positive sign that it may increase in price real soon. Right now, I am educating myself more about trading and investing. I would always love to hear some advice from somebody that will guide me through this path.  Cheesy
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
June 26, 2016, 10:24:39 AM
#36
ahmm for me you should have a guider as in a person who will teach you when to trade and when to not..  cause that person will definitely help you

I've learned a lot of trading and Technical Analsys by following YouTubers and Forex Guru's. They got so many tricks in their sleeve it's suprising how they do it really.
sr. member
Activity: 406
Merit: 250
June 26, 2016, 09:58:16 AM
#35
Is there a beginners guide to trading BTC? I want to know a good strategy I could use to successfully trade BTC and alt coins without losing profit (if it's possible).

Below is a list of coins that I currently hold:

Bitcoins = 0.03398223 BTC

Litecoin = 0.13 LTC

Dogecoin = 5974.18 DOGE

Casinocoin = 2.50 CSC

Ethercoin = 2.80 ETC

Tamagucci = 133 TAM

Mooncoin = 435880.5555555 MOON

Paycoin = 80 XPY

Ripple = 30 XRP


I want to become a successful trader. I'll appreciate if you could give me any hints or tips. Thank You.

If you don't want to lose profit, then never sell currency for price that is lower than price that you bought coins, as this way you won't lose it

And sell only when price is larger than price that you bought them, and try to buy coins when they are pretty cheap for largest profit

Sometimes you have to take loss. Every trader knows this and has done it.
Taking loss is not too bad if you make sure you can are making up for it with another coin.
member
Activity: 70
Merit: 10
★YoBit.Net★ 350+ Coins Exchange & Dice
June 26, 2016, 03:55:24 AM
#34
ahmm for me you should have a guider as in a person who will teach you when to trade and when to not..  cause that person will definitely help you
hero member
Activity: 798
Merit: 500
June 26, 2016, 03:01:33 AM
#33
xmr, maid  and nxt are also doing good these days.
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