Beginners guide to trading BTC? - page 2.

Abiky

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Quote from: 2legit2 on June 23, 2016, 12:40:58 PM

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

Good strategy. I have been keeping a bunch of alt coins myself into paper wallets for future reference. It will serve more like a savings account than a checking account since it will be only used in case the price goes above the one I have initially bought the coins from. The most profitable coins for me have been PoS coins, although I have to admit that it is very tricky to receive good rewards (stakes) if you don't have a huge balance of the coin. Also, the difficulty is another factor, but at least I am making extra coins with these (which could be seen as earnings).

2legit2

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Quote from: Abiky on July 20, 2015, 10:25:15 AM

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

buyinbtc

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Quote from: Abiky on July 20, 2015, 10:25:15 AM

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.

I have to say that i am not best trader as i am still new, but i noticed that if you want to earn money from trading, you have to do this :

Don't trade many coins at same time, if you bought some just forget them for some time and sell then, keep like 3 coins only and trade them

zeaderza

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Use charts and buy only you see a ascendent trending and sell fast with a high price.You will make a small profit.

DoublerHunter

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Quote from: chesthing on July 26, 2015, 12:25:56 PM

Online gambling or sports betting is a better chance to make money than alts right now, good luck.

Yeah i like sports betting than playing some dice game. Sports betting is the best if you are lucky in predicting some sports game and also it's the best because it's fair and no one can cheat on you except the team that you choose.

ripplehd

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What is a ripple coin I have never heard of that coin before so if you or someone can tell me then please do

hoop

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NOBT - WNOBT your saving bank◕◡◕

If you find it ,please share it

mamahdedeh

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www.cd3d.app

do you have a coin and your can have much more coin Wink

chesthing

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Online gambling or sports betting is a better chance to make money than alts right now, good luck.

alva5763

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The only coin I'll use is bitcoin. Somehow feel the rest are false although it could be argued that bitcoin is false.

Abiky

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Great! Thanks for sharing! Maybe I will find a strategy that works for me. Roll Eyes

mezmerizer9

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OP, you have a look at this thread https://bitcointalk.org/index.php?topic=867011.420, ppl are giving a lot of trading strategy! Probably you can find one that fit you!

Mickeyb

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Move On !!!!!!

Quote from: MadAlpha on July 23, 2015, 05:42:03 AM

You can still make money in altcoin trading.

A lot of the price movement on the altcoin market is based on pump & dump. Buy the coins when it is quiet with low volume, sell when there is a spike in price and volume.

Yes this should work but for this you need nerves of steel and a lot of patience. Sometimes, when you get in, there is no movement for weeks, even months. Look at the XCP lately.

To the OP, trading is really tricky mate. Crypto is unpredictable and there are no rules at all. Half of the time when you hit a trade it's just a pure luck.This is from my experience trading.
Best of luck!

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: MadAlpha on July 23, 2015, 05:42:03 AM

You can still make money in altcoin trading.

A lot of the price movement on the altcoin market is based on pump & dump. Buy the coins when it is quiet with low volume, sell when there is a spike in price and volume.

Thanks for your advice. This is going to be my daily routine....so I'm going buy lots of different alt coins and wait until there's a spike in price. I have to be careful with this since there had been a lot of scamcoins around recently. I'm just going to stick with the coins that have a good community and development. Cheesy

MadAlpha

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You can still make money in altcoin trading.

A lot of the price movement on the altcoin market is based on pump & dump. Buy the coins when it is quiet with low volume, sell when there is a spike in price and volume.

chesthing

legendary

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Yovi, arfkm? Grin

that may be the worst coin you could buy right now, do your own research as to why I would say that.
My advice is sell it all and don't bother with it. Alts a year ago were a great way to make btc, now the chances of gaining are so outweighed by losing it's not worth it. As for btc trading, volatility is just not there unless you are trading huge amounts on margin, but you better know wtf you are doing.

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Astargath on July 21, 2015, 09:27:23 AM

Quote from: Amph on July 21, 2015, 08:20:51 AM

pls, man looks at the volume of those buy orders, is ridiculous, it's like sellers are buyng their coins on purpose to start a panic buy, i have seen this pattern many time on the gold old scam day in the altcoin section, like with pandacoin, leaf, USDE, noblecoin ecc...

Yep, investing in new altcoins is never a good idea even if it looks good at first it can turn out scam if it had pre-mine. OP is asking for trading guides not investing guides anyways, if he wants to trade he should only do it with ''stable'' altcoins or bitcoins.

Yes that's exactly what I'm going to do. I'm going to stick out with the stable coins. Bitcoins and Litecoins are a keeper for me. Wink

Astargath

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Quote from: Amph on July 21, 2015, 08:20:51 AM

pls, man looks at the volume of those buy orders, is ridiculous, it's like sellers are buyng their coins on purpose to start a panic buy, i have seen this pattern many time on the gold old scam day in the altcoin section, like with pandacoin, leaf, USDE, noblecoin ecc...

Yep, investing in new altcoins is never a good idea even if it looks good at first it can turn out scam if it had pre-mine. OP is asking for trading guides not investing guides anyways, if he wants to trade he should only do it with ''stable'' altcoins or bitcoins.

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Thanks for your replies! I think I'm going to buy more coins and hold them until the price goes up (hopefully) I know there are a lot a alt coins as well as there are a lot of scamcoins, but I'm going to carefully study the charts and hope to get lucky. I might as well lose profit if the coin's price goes down. Anyways, I'm going to try this and see how this works.

Quote from: Amph

look at this https://www.youtube.com/watch?v=mk9fep8niYw

i inclined to think that the best strategy for altcoin, is to buy those that are really cheap, because you can buy a greater amount without spending too much, which will make you investments less risky

or you can follow a group that pump altcoin, like fair pump

Thanks for the video! I'll be watching it soon. Wink

Amph

legendary

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pls, man looks at the volume of those buy orders, is ridiculous, it's like sellers are buyng their coins on purpose to start a panic buy, i have seen this pattern many times on the good old scam days in the altcoin section, like with pandacoin, leaf, USDE, noblecoin ecc...

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