Topic: Choose altcoin for trading - page 9. (Read 12065 times)

LTC, ETC and DOGE, IMO.

If you want to play it safe then choose the altcoin listed in the top 10 of coinmarketcap, many coins that force us to continue heart thrilling every day, this is perfect for speculators and day traders, depending on the style you want and it must be established from now on. All coins remain profitable only of a different kind.

There is a new cryptocurrency Foodcoin (FdC).

It is a payment tool for foodcoin ecosystem, which operates at the restaurants, cafes, all services of 1000Ecofarms platform (the platform works since 2014), farmer’s markets and etc. It is very useful payment tool for international food and agricultural business activity.

If you’re interested, you can read more about it here https://www.foodcoin.io/

Yeah you're right...  This altcoin is very overwhelming and satisfying. For me, i suggesting that use ethereum is one of the good and better coin..

Personally I prefer to trade a coin that has a big market cap that way you know that the coins is not going to be subject to manipulation the same way coins with very low market caps can, so coins like ETH and Ripple are a good option but make no mistake trading is hard if you think you can earn money easily you are completely mistaken.

It is good time to get dent, the coin to disrupt mobile data, users that have unused mobile data will be able to sell them, or buy mobile data from others, peer to peer, check dentcoin dot com.

I agree with the choices of altcoins you mentioned since it is listed in the Top 10 crypto in coinmarketcup these are established coins that are worth to hold for long term basis. And for the ICO's yeah your right it is easy to get profit in a short term period if you invest on it but need to be extra careful though in choosing what ICO to invest since there are some that are scams.

the reason why i dont choose the new alt coins because it has a high potential yet its too risky to invest, this is why i choose the old coins

There are so many coins out there and some of the price fluctuations do not make sense. Ultimately, the coins that will survive will be the ones that actually offer a long term solution to an existing problem e.g. Golem (computing power), Siacoin (storage), Ardor (BaaS). I would not touch Ethereum, it's a great platform and a great idea, but one that will devalue due to the unlimited coin supply.

When I intend to pick altcoins for trading in the long term usually I will pick the coins that already being accepted in most of the marketplaces. ETH, ETC, Digibyte, LTC, Ripple are some coins which is in my concern.

first of all you need to understand the method that why coin go up and down
how much volume on different price and how much buyer and seller
choose always top class reputed coin only. cheap coin grow very slow and also check which coin mining has been closed and use that coin for trading.

Exactly my thought also. Eth, ltc and xrp are best for trading for me and for long term investment.
Been using for a  while now and it works really fine with me.
Not to mention that these three are high market cap and strong support by the community.
However, before investing and do trading better to study and analyze the market growth of each coin.

Apparently, you are not new here anymore. I don't have much idea about your trading style, but next time you should not buy a coin if you do not have any background about it. Try to buy a certain coin that is believed to be growing in price soon. Also, price dip is always expected in a fluctuating market. My style is not to sell if it's a loss. I would rather wait for the selling price to be gaining something even a little.

When we talk about long term investment then coins like ETH, LTC and Ripple are the good one due to their market cap and some price stability over the time. And i think this is the time to buy some. On the other hand for short term investment iCO are the best option with some instant profit.

FootyCash is a good altcoin for trading.

Here's why:

Footy Cash (FOOT) has seen a meteoric rise in valuation for the past month; with a price increase of more than 5000%+ on multiple exchanges.

https://www.cryptopia.co.nz/Exchange/?market=FOOT_BTC#

https://bitcointalksearch.org/topic/footy-cash-foot-coinswap-decentralized-fantasy-sports-1374929

I think the reason being is that:

1. Footy has Rarity - Only 4 million coins total can exist.  There is a small POS inflation rate - about 3% annually (for staked coins only).
How many of you can say like the Winklevoss twins - that you own whole percentages of a cryptocurrency.  
Looking the current price of FootyCash you actually might be able to!

2. Footy is the first Fantasy Sports Crypotocurrency ever made. - Footy is the Bitcoin of Fantasy Sports!

3. Fantasy Sports is a multi-billion dollar industry - with tens of billions of dollars in annual revenue just for Fantasy Football alone!  If you count all the illegal gambling the figure goes much higher - maybe hundreds of billions? (not that I am condoning illegal gambling - but it's a fact of reality that must be considered anyway).

4. Coinmarketcap list just under 900 altcoins; of those listed only a  small percentage of altcoins have a cap of less than 4 million total coin.  Every coin on coinmarketcap with a rarity of less than 7 million total coins produced are all worth more than $2.00 USD - with the exception of Dreamcoin (because of YOBIT) and FOOTY CASH (which is currently undergoing a price correction: 5000% increase in the past month alone.)

5. The coin was greatly undervalued because of unawareness of the Footy cryptocurrency and Fantasy Sports as well.  As more and more people become aware of its value the price will continue to rise. The price may go higher than $10.00 USD per coin before the end of the year!

6. FootyCash has a great developer, active development, and the best community support!

7. FootyCash has a promising roadmap and is currently developing Masternodes and Anonymous Send like DASH and PIVX for the next release.

8.  The name FootyCash may sound funny but "Footy Cash" is an actual English term (apparently):  

     https://www.power100.com.au/news/local-news/81959-footy-cash-to-go-to-good-friday-appeal
     and
     http://www.heraldsun.com.au/ipad/california-club-brothel-sues-in-footy-cash-feud/news-story/bd77f7d397a34a067342a113b5bfa5d8

9. DraftKings, FanDuel, and other Fantasy Sports companies are getting the legislative green light to operate in most U.S States and other countries as well.  

https://www.law360.com/articles/944544/draftkings-fanduel-can-focus-on-dfs-legalization-post-deal

Although technical analysic just have nature average predictive price, but when you use it still know the picture on crypto market.
Example: With an altcoin pumped by some group, you can know this is waves 1 (elliot) or waves 2 and can countinue pump or not!

If you are just learning about trading. You should not put eggs in 1 basket. Suppose you have a capital of $ 100. From 100 $ you divide into 2 coins. And you should look at the ltc and eth they are a very stable market today.

For trading you can choose altcoin like ETH,DOGE,LTC,XRP. And in  trading main thing is when(time) you buy any altcoin. Mostly depends on time if you buy any altcoin when price at low level than it's good you will earn good money in short time but if you buy any altcoin when price at high and then you will think for profit so for that may be you have to wait more when that coin reach base price at which price you buy.
So in trading be careful and you can choose some good coin from coin market cap which has regular fluctuate and good volume in exchanger.

This is only true if the coin has enough volume if it does not then it is useless to use those tools to try to predict the market since there are pump and dump groups that could very easily change the dynamic of the trade taking place in a coin in a matter of days.

In my opinion, all the coins are suitable for trading and if you know how to analyze the chart and calculate the profit, you can earn money from any coin. However, I suggest that if you want to test some new feelings, you can choose coins which are newly listed on the exchange and new coins which have just been created. Their price are very fluctuate and you can easily earn money from them