Topic: Guidance to trade altcoin - page 3. (Read 585 times)
Getting a good foundation is what you should look at for. For me forget the numerous altcoin for now and focus on the onces listed onajor exchanges from their you will get to understand what actually moves the market and how this coins respond to news and tweets then you can develop into gong for new coins from your personal observation
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
The basic way to know before trading is to understand cryptocurrency itself. Because you are new enough in this crypto world, I will not recommend you to trade new altcoins.
I will prefer to choose top coins that commonly have had good fundamentals.
You can check them on the COinMarketCap pages
Trading altcoins is very risky and you must know the risks. Not only learning what altcoins to trade, but also some other things to consider when going to trade likely the management of your funds, emotion, and also risks. Sometimes, learning by doing is working enough, but at least, you have been learning much about the basic crypto and trading itself. I will also not suggest you to trade hype altcoins because this has higher risks.
And if you want to trade in some exchanges, ensure that you use the reputable, trusted, and also middle-top exchanges that are available in your country.
You can see here as @Masulum gave:
If you are looking for an exchange, you can choose one of the several exchanges listed on this page. However, keep in mind, exchange wallets are not for long-term holding of tokens/coins, if you want to hold them, please store them in your own wallet.
You can also check on Google with the keywords and you will get such information such as:
- How to trade in Binance
- How to trade in Huobi
and other exchanges
And one to note, don't buy the hype coins if you are new to this because it is very risky.
Start with a small capital at first to get the experience at first.
IMHO, ALTs are much harder to figure out than BTC, or ETH (and yes, I am aware that ETH is an ALT, but it's kind of a different thing). I am guessing the best approach would be to invest into something you really believe in and you understand what the project it about. That way you will have a better understanding of how best to trade it.
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
Op their is many alternative coins you can trade with, at first i will like you to start up with those once you are acquainted with first, i think ethereum, litecoin, BNB, Doge are well known alternative coins which someone can trade with, because it's encouraging to trade with a coin that have potential volatile irrespective the situation of the market rotation it will still have ground of potentiality, because going into exchanges to look coin to trade with when you don't have basic ideas of the coin it can lead to frustration or lost.
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
The majority of the altcoins now in the market are not potentials, that is why you will noticed and read here in the forum or
even in the other platforms that trade with extreme caution. Because most of them(altcoins) are just a piece of shit.
That is why you to make your own research before investing unto it. Just trade what you can afford lose in.
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I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
You're not trading then what you're interested in is investing, judging from your choice of words. Trading are mostly short term based and the altcoins, they give some impressive profit if you can get your trades right. Knowing when a supposedly trend is about getting some attention and seizing that opportunity to place some trades can give you some nice profits.
You don't need to hold onto the coins for years as that'll be Investing and when it comes to investing in cryptocurency, research has proven you'll be better off just buying Bitcoin and hold. Before you wanting to trade, you should already be equiped with the knowledge needed to be successful at trading.
Then basically for trading in general what you need is an exchange that's compatible for all your trading strategy. If you're the type that enjoy trading newly listed coins then exchanges like Binance that does that (the listing of new projects more often), will be suitable for you.
First make your research on what are the coins sitting at the top of the rank. You'll see Ethereum taking the lead for altcoins and currently at the 2nd rank.
While at the top of it, there's bitcoin but it seems that you don't want to trade bitcoin and you want to go through altcoins already. I'm telling you that you have to start with bitcoin if you want something based on your description.
Bitcoin has less loss in bear market..people only want to join in bull market but newbies will decide to join when market begins to crash.While at the top of it, there's bitcoin but it seems that you don't want to trade bitcoin and you want to go through altcoins already. I'm telling you that you have to start with bitcoin if you want something based on your description.
They don't have plan to hold and trade is not good if they are losing capital and mind. Altcoins are very abundantly supplied and it is more easily to lose money with scam altcoins. Top 100 altcoins sometimes will have scam projects. They suddenly pump by pump and dump groups. Rising like rocket and join top 100 but fall shortly.
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
That would be tough. You need to build your own list on your portfolio based on your DYOR and not just by following other's portfolios.
Well then, for a start, try to pick some top performer coins or tokens daily and weekly on the Binance platform. From there, refer to the coin's community and lurk on their group, if any, to somehow see the inside stuff of the projects and how's the community talk about it.
It is just a start then after quite some time, you will be used to it and finally, you can now able to create your own way on how to pick your preferred alts.
In addition to reading the website and methods mentioned in the historical replies, I think there are two more things to have, a good mentality, many altcoin projects will choose to run away and disappear, and some require you to spend a lot of time to look at the shanzhai. The currency market, their volatility and volatility range are larger than that of Bitcoin. In addition, you have to be more accurate than a bulging wallet. Trading altcoins requires a good tuition fee.
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
First make your research on what are the coins sitting at the top of the rank. You'll see Ethereum taking the lead for altcoins and currently at the 2nd rank.While at the top of it, there's bitcoin but it seems that you don't want to trade bitcoin and you want to go through altcoins already. I'm telling you that you have to start with bitcoin if you want something based on your description.
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
You have to keep in mind that most of the meme coins currently circulating in the market right now have a high-risk rating and certainly won't last long. Just stick to those well-established and stable coins. The likes of ETH, ADA, LTC, BNB are excellent choices.You might want to check out Stakenet's XSN as well. Another stable project that has been around since 2018. Has an impressive road map and white paper. Run by a transparent team of professionals and backed by a positive community. Certified rug proof.
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
That would be tough. You need to build your own list on your portfolio based on your DYOR and not just by following other's portfolios.
Well then, for a start, try to pick some top performer coins or tokens daily and weekly on the Binance platform. From there, refer to the coin's community and lurk on their group, if any, to somehow see the inside stuff of the projects and how's the community talk about it.
It is just a start then after quite some time, you will be used to it and finally, you can now able to create your own way on how to pick your preferred alts.
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
Consider top-50 coins from coinmarketcap list. Check those projects who exist at least for 2 years and be sure that they will live further. But check the charts also. These coins should be pumped from time to time.
This is very good decision to trade in Altcoin but you have to learn before earn, how you trade and how to buy and sell, you have to research which Altcoin has good market and community.
Also the platform you have to select for trade. These days there are so many scam coin coming in wallets you have to very careful before buy. Kindly check the Altcoin detail in below links.
http://www.coinmarketcap.com
http://www.coingecko.com
Also the platform you have to select for trade. These days there are so many scam coin coming in wallets you have to very careful before buy. Kindly check the Altcoin detail in below links.
http://www.coinmarketcap.com
http://www.coingecko.com
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
I think the 100 CMC rank coin is a coin that has potential for the future. At least ranking in CMC has become part of your research. Volume, marketcap and daily percentage change are the most important research to see if this coin is active or not. High and low prices are not the main problem to be seen for a crypto trader.
If you want to do it correctly you need to put the time and effort in and not listen to the noise in the thread of the announcement or anywhere else on the internet. First look at the whitepaper and understand what they are trying to do. Then research the team and their background, do they exist? Do they have a history of success? Look at the price movement since it was released are there periods of large pump and dump like moves? Once you have created your own opinion then you can visit the internet and see what others are saying. While you do that go back to the chart and identify support and resistance levels where most of the trading takes place. If you still want to buy in, set an alert at those levels as your buy and sell points.
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
People should use investigation before investing in altcoin.Some of the potential altcoin is BNB,Tether,XLM, XRP.Investing in altcoin is not a big task.Investing with huge investment in this coin will get you more profit from it.To get huge profit from little investment, we need to do reinvestment many times.
Op you need to have good knowledge in trading before thinking of trading any altcoin and moreover not all altcoins are weak in volatility although I know that many altcoins are always pumped and dumped making it looks manipulative and unfavorable to traders that has no sufficient information about the exact coin. You can decides to trade the spot market which is far better with lesser risks before taking your stand on the market outlook of altcoins.
1. Try to pick some projects that you think that idea was making you feel excited with it
2. Try to understand the fundamental of the project based on how good or bad the progress that already been made
3. Try to see which exchange sites that already listed the token issued by this project
4. Try to see how big the daily trade volume is to provide you good liquidity and you must be able to see how much demand for the project
5. Think about what benefits that you will get when you are holding the token issued by the project
6. Try to see how solid and big the community behind the project
You can do those steps easily by reading some threads on this forum or try to get the external source like what already provided by some members above me
2. Try to understand the fundamental of the project based on how good or bad the progress that already been made
3. Try to see which exchange sites that already listed the token issued by this project
4. Try to see how big the daily trade volume is to provide you good liquidity and you must be able to see how much demand for the project
5. Think about what benefits that you will get when you are holding the token issued by the project
6. Try to see how solid and big the community behind the project
You can do those steps easily by reading some threads on this forum or try to get the external source like what already provided by some members above me
I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
First of all you need to gather knowledge about trading. There is some kind of trading. Which one you want to do? Day trading, long time investment also one kind of trading. If you want to invest for long time then you need to choose best coin which coin have huge popularity among people. Like Bitcoin, Litecoin, BNB, Ethereum etc. Also you can do day trading. But for day trading you need to follow the market in all time. And do your own research in market. You can choose Binance exchange for trading. All the best! I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step
Everything is on big marketcap websites. You can find coin with name, ticker. When you find the coin are looking for, you must double check with project website. Make sure you don't visit fake website and buy fake coin or token from them.Scammers can create scam tokens to pump and dump. Those tokens usually are not listed on coinmarketcap or coingecko.
https://coinmarketcap.com/cryptocurrency-category/
https://www.coingecko.com/en/categories
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