Choose altcoin for trading - page 14.

btcdiggingmaster

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Quote from: jerowacik on June 06, 2017, 04:22:26 AM

Look for altcoins that have good prospects. I recommend buying altcoins from the lowest prices because then you can get plenty of altcoins and give you more chances to earn more profits. You should be able to choose a good altcoin, never speculate, and easily attracted to the seduction of others.

I agree there are many chances that the price of altcoin will increase if we buy them at a low price. I myself tried many times buying them at a low price and made the double amount of investment I made in it.

TastyChillySauce00

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Quote from: LostWords on June 10, 2017, 08:58:49 PM

Another wise lesson: dont invest in a coin with NO BUY ORDERS. You buying the 5BTC sell order at 1 SAT will only make the guys selling happy getting rid of it and you will join the selling at 1 sat-club there and not getting rid of it untill another newbie comes along and thinks its a great first buy.

Well that mistake often happened to many newbies who just jumping into this altcoin trading without knowing what's actually going on and buying dust coin which have no value at all and hoping for miracle to come expecting that if the price gets pumped soon, he'll get an easy profit but the fact is the opposite, the coin will be soon delisted from many exchanges.
Coin with no buy-order seem can't hold on that long on the exchange that it'll soon delist immediately, just better to learn things first especially for newbies.

Adbitco

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You should have two strategies for trading. First one is choosing a reliable coin for long term trading and the second one is choosing a coin for short term trading. For long term trading you can choose anyone or all of the following coins like ETH, XRP, XEM, DGB, Stratis etc. For short term trading no particular coin can be recommended as it's going to be a coin which you have to buy, hold for a short period and then when the price of the coin goes up sell them. This is what I have been doing and I have made good profits following the above two strategies

Yudai

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Quote from: MURONDI on June 04, 2017, 05:01:14 PM

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market, For example digieuro

You don't have to get it here from every traders. You can check the top 10 in coinmarketcap which their price is like to be more stable as they are the top 10 who has the biggest volume thus it won't volatiles easily.

anami57

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My favorite coin in trading is a coin that seniors predict here has a very good prospect. I prefer ETH and Dash for trading, both of which are the most profitable in terms of profit.

eaLiTy

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Quote from: MURONDI on June 04, 2017, 05:01:14 PM

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market, For example digieuro

First and foremost the most important thing to know while trading is,identifying which are the good coins and which are the scams ones just created for pump and dump schemes,volume is one of the most important factor,just look at the daily volumes,if you are finding a consistent volume then you are good to go,exchanges like yobit has coins you will never heard else where,so be careful which place you trade and which coins your are selecting.

Meraki

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Quote from: MURONDI on June 04, 2017, 05:01:14 PM

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market, For example digieuro

If youre new try to invest to big volume transactions ill recommend to you Ethereum and Waves this two have big potential in rising to peak. Honestly speaking as of now Ethereum hits 300$ mark now the the price of 1 ETH is 336$ sa per Coin Market Cap. This two Eth & Waves has ever growing community thus the investors and demand of the said coin keeps on growing. So i highly recommend this two. but its up to you to decide.

LostWords

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Another wise lesson: dont invest in a coin with NO BUY ORDERS. You buying the 5BTC sell order at 1 SAT will only make the guys selling happy getting rid of it and you will join the selling at 1 sat-club there and not getting rid of it untill another newbie comes along and thinks its a great first buy.

iqlimasyadiqa

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Quote from: gabmen on June 10, 2017, 11:07:20 AM

Quote from: MURONDI on June 04, 2017, 05:01:14 PM

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market, For example digieuro

Try checking the history of the coins that are available for trading in your platform. Usually the history of a coin's movement would already give you an idea if it would be good for trading or not. Though most of these good coins are for long holds and you would really have to look at the bigger picture and have a lot of patience to profit

I agree with you . The bitcoin price development chart can give us additional analysis, because by looking at the graph we can predict how the price moves. If it looks good then altcoin is worth buying. Oh yes do not ever recklessly buy altcoin that has a bad reputation. You will only get rid of the bitcoin you have.

gabmen

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Quote from: MURONDI on June 04, 2017, 05:01:14 PM

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market, For example digieuro

Try checking the history of the coins that are available for trading in your platform. Usually the history of a coin's movement would already give you an idea if it would be good for trading or not. Though most of these good coins are for long holds and you would really have to look at the bigger picture and have a lot of patience to profit

icecube45

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Quote from: roadbits on June 05, 2017, 07:54:03 AM

Quote from: icecube45 on June 05, 2017, 01:45:51 AM

Quote from: Skarner21 on June 04, 2017, 07:38:26 PM

Well i am not choosing new altcoin because high potencial you can get but its too risky to invest.. that is why i am only choosen old coins
look at this site
coinmarketcap.com
and check the altcoin in top 20 those has a good movement and i think you can make a good profit in top 20 rankings and you can't hardly to choose what altcoin is the best..

Yeah right, the new altcoin is very risky and does not even have a long life. I agree with you to choose an old coin that still has a good movement, it's more profitable and safer than choosing a new coin. I also often see sites like coinmarketcap.com to know the charts, it helps to choose a good altcoin. But if you just want to try altcoin trading, it is free to choose any altcoin (new or old) but the profits will be obtained if lucky.

New altcoins are risky to buy but the rates are very low, and we can afford that money. If we want to buy old altcoins, we need a big investment. And there is no assurance that old coins will never drop the in there price. Taking a risk with little amount is better than taking a risk with big amount am I right. And in the market, some new altcoins are actually growing well. This is just my opinion, and I hope it will work out.

Maybe what you say is also true, but honestly I do not agree. Indeed, the new altcoin has a cheaper price, but does it have good growth? I think the new altcoin growth is not as good as the old altcoin. It's true that the old altcoin has a higher price but has a better growth for me it does not matter, because the most important in trading is the amount of profit and can minimize the risk. Most new altcoins are initially good but in the near future the price drops and even becomes a scam. But actually if you want to trade in new altcoin it does not matter, as long as willing to take risks and know a good moment.

farhaan

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Quote from: MURONDI on June 04, 2017, 05:01:14 PM

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market, For example digieuro

You could invest in Decred.I think it as the most under valued coin at this time.It is never pumped and dumped.You could get good returns from it.But you should not expect short term benefits and you must invest in it on a long term basis.Next to it, you could choose golem.

OliynyK

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Quote from: Herbert2020 on June 05, 2017, 02:15:10 AM

and always remember that the dump is around the corner if you want to be successful.

I am waiting for this so called dump for the past six months and nothing is happening,the markets keeps on rising and so my hopes of investing on a dump just resided with it and now i am looking for good ICO to invest rather than waiting for the dump,let the market keep rising when my coins hit the exchange.

avikz

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Quote from: MURONDI on June 04, 2017, 05:01:14 PM

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market, For example digieuro

99% of altcoins are useless and you should not buy any of them. Go to coinmarketcap website and click on the price tab. It will sort the list of crypto currencies as per the price from highest to lowest. Also the trading volumes for those currencies will be there. Try picking up such currencies with trading volume.

Also choose which currency is active in more than one exchanges. The more the number of exchanges, the better. You will be having good market to sell your coins in profit. As of now, I am trading with ETH and Dash. However, there are some more good coins to start with.

BitAvrillis

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At best look for ICOs of very innovating good altcoins that are not scam. So you come out with at least 2 times of your money after the ICO. But there is always the risk of a scam. I stick to my ETH, ETC, Taas

jerowacik

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Look for altcoins that have good prospects. I recommend buying altcoins from the lowest prices because then you can get plenty of altcoins and give you more chances to earn more profits. You should be able to choose a good altcoin, never speculate, and easily attracted to the seduction of others.

bluefirecorp

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Quote from: n0ne on June 06, 2017, 01:41:49 AM

The altcoins for the trading purpose need to be selected based on the growth experiencd periodically. By the beginning of the week the coins that topped the list with growth rates were the ethereum, ripple, NEM, Monero, Dash, Stratis and waves. So it need to be analysed and selected to profit rather than selecting randomly.

Yes, selecting in random is nothing but throwing away our capital money. When we are analysing how much growth some of altcoins got for some particular time period, then we can be choose them for trading as usually those growth showing coins will continue their appreciations. But we can expect their rally to continue only for another short period of time hence we need to choose time to time.

I believe most of the traders are doing mistakes by choosing same altcoins all the times for the trading. Because we cannot be sure all the times same coin will be having same level of price movements.

surus

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You need to be sure about two things: sufficient liquidity and sufficient volatility. As the associated trading costs are comparatively higher then in "traditional" financial instruments.

jack1111

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Quote from: MURONDI on June 04, 2017, 05:01:14 PM

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market, For example digieuro

Better to choose from the first 20 coins on coinmarketcap, Digieuro was a clear scam coin, however, there are some factors that help you to detect the scam and legit coins, even scam coins can be profitable but they are like gambling, so better to trade the highest volume ones

n0ne

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The altcoins for the trading purpose need to be selected based on the growth experiencd periodically. By the beginning of the week the coins that topped the list with growth rates were the ethereum, ripple, NEM, Monero, Dash, Stratis and waves. So it need to be analysed and selected to profit rather than selecting randomly.

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