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Topic: How to trade in bitcoins with other Altcoin for a profit. (Read 3463 times)

sr. member
Activity: 840
Merit: 255
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There is also that cryptsy trading bot, that could help..

Oh do Share!!
It is payware. I believe he's talking about C.A.T. Search the forum for "Cryptsy bot".

I do NOT vouch for it, though, just mentioning. There are perhaps some others.
newbie
Activity: 56
Merit: 0
Does anybody no the site that gives the spread&percent profit. ..
If l remember it looks a little like coinwars..


No not coinmarketcap..
sr. member
Activity: 322
Merit: 250
Credits CRD 1st Decentralized Exchange coin
the easiest place to get to is here Im not sure if you are aware, https://www.cryptsy.com/users/register?refid=9754
member
Activity: 90
Merit: 10
There is also that cryptsy trading bot, that could help..

Oh do Share!!
sr. member
Activity: 493
Merit: 250
Remember a little gain may also turn into a large loss. I don't believe you'll see the dumps coming so if you are short term trading then spend as little time in there as possible. However, this is sometimes hard when you are emotionally riding the wave, as you'll miss the signal and it'll be too late.

Also, don't forget to watch your back as you might trade from highly volatile alt-coin into a somewhat unstable BTC. It might bite you on the ar$e if one is moving down whilst the other is moving up.
member
Activity: 90
Merit: 10
Oh yeah My bad! I just tried it and it looks good. I made a little 0.022 btc to 0.023 btc i did it with LTC. I'm waiting for it to raise again.
sr. member
Activity: 350
Merit: 250
Forget pumps. Look up a coin that shows potential and promise, calculate it's market cap. If it's low in comparison to other similar coins, it most likely won't go any lower (if it has active development that is). Another thing you should do is calculate (just look up the daily average on a pool or something) the mining profitability. You should see if the hashrate and mining profitability are low enough to support growth. If the miners get more from mining the specific coin, than they do from mining other coins, the price will very likely drop and by any means does not support rapid or sustained growth. If someone is pumping a coin like this, for example, you'll know it's gonna go back to where it was, if not lower. Just get your facts checked and don't invest anything you don't believe is a good coin. Remember that pumps are to get the pumper profit, not you. You'll never know when the person pumping sees that it's profitable enough to dump. Pumps are practically scams.

So in sort just invest in good coins and wait for their exchange rates to go up, and cash them out for btc?

you keep asking the same question again and again :s
member
Activity: 90
Merit: 10
Forget pumps. Look up a coin that shows potential and promise, calculate it's market cap. If it's low in comparison to other similar coins, it most likely won't go any lower (if it has active development that is). Another thing you should do is calculate (just look up the daily average on a pool or something) the mining profitability. You should see if the hashrate and mining profitability are low enough to support growth. If the miners get more from mining the specific coin, than they do from mining other coins, the price will very likely drop and by any means does not support rapid or sustained growth. If someone is pumping a coin like this, for example, you'll know it's gonna go back to where it was, if not lower. Just get your facts checked and don't invest anything you don't believe is a good coin. Remember that pumps are to get the pumper profit, not you. You'll never know when the person pumping sees that it's profitable enough to dump. Pumps are practically scams.

So in sort just invest in good coins and wait for their exchange rates to go up, and cash them out for btc?
member
Activity: 99
Merit: 10
I do not support TIX Tickets.
Forget pumps. Look up a coin that shows potential and promise, calculate it's market cap. If it's low in comparison to other similar coins, it most likely won't go any lower (if it has active development that is). Another thing you should do is calculate (just look up the daily average on a pool or something) the mining profitability. You should see if the hashrate and mining profitability are low enough to support growth. If the miners get more from mining the specific coin, than they do from mining other coins, the price will very likely drop and by any means does not support rapid or sustained growth. If someone is pumping a coin like this, for example, you'll know it's gonna go back to where it was, if not lower. Just get your facts checked and don't invest anything you don't believe is a good coin. Remember that pumps are to get the pumper profit, not you. You'll never know when the person pumping sees that it's profitable enough to dump. Pumps are practically scams.
sr. member
Activity: 350
Merit: 250
what a fantastic thread this really is...
member
Activity: 90
Merit: 10
I'm not talking about with money, I'm talking about with other ALT coins.

Is there anyone who trades in and out using ALT coins?

Keep looking which coin is about to be pumped and buy in.

so I would choose which coin to buy base on it's exchange rate?

I use coinex and Choosecoin to see what is on top. what am I looking for?

look at a coin with a history of a high spike or a coin which is at a low point of the last few weeks/months. Then buy low, look for an average price and sell higher at that, rinse and repeat.

Thanks! That clear out the cod webs from my brain.
sr. member
Activity: 350
Merit: 250
I'm not talking about with money, I'm talking about with other ALT coins.

Is there anyone who trades in and out using ALT coins?

Keep looking which coin is about to be pumped and buy in.

so I would choose which coin to buy base on it's exchange rate?

I use coinex and Choosecoin to see what is on top. what am I looking for?

look at a coin with a history of a high spike or a coin which is at a low point of the last few weeks/months. Then buy low, look for an average price and sell higher at that, rinse and repeat.
member
Activity: 70
Merit: 10
pumps & dumps

it is no difference if you do it on money, real money  Grin, bitcoin or any alt coin.

its the basics of currency market tranding... maybe read some of the tons of books already written on this topic.

or just watch this movie series:
http://www.guugll.eu/billion-dollar-day-part-a/

then this:
http://www.guugll.eu/traders-on-wall-street-episode-1-of-the-zeroes/

and at the end this:
http://www.guugll.eu/cnn-rookie-trader-part-1/

and you will have the basics i believe  Smiley

These are amazing please post more! This thread should be a great point of information.
member
Activity: 90
Merit: 10
I'm not talking about with money, I'm talking about with other ALT coins.

Is there anyone who trades in and out using ALT coins?

Keep looking which coin is about to be pumped and buy in.

so I would choose which coin to buy base on it's exchange rate?

I use coinex and Choosecoin to see what is on top. what am I looking for?
legendary
Activity: 1008
Merit: 1000
I'm not talking about with money, I'm talking about with other ALT coins.

Is there anyone who trades in and out using ALT coins?

Keep looking which coin is about to be pumped and buy in.
member
Activity: 90
Merit: 10
so let me get this right. All you do is dump your bitcoin on to a Alt coin that starts off low in the exchange rate, and then as the day wears on and the exchange rate peaks then you sell off the coin for btc, and repeat?
member
Activity: 90
Merit: 10
pumps & dumps

it is no difference if you do it on money, real money  Grin, bitcoin or any alt coin.

its the basics of currency market tranding... maybe read some of the tons of books already written on this topic.

or just watch this movie series:
http://www.guugll.eu/billion-dollar-day-part-a/

then this:
http://www.guugll.eu/traders-on-wall-street-episode-1-of-the-zeroes/

and at the end this:
http://www.guugll.eu/cnn-rookie-trader-part-1/

and you will have the basics i believe  Smiley

awesome thanks for the information
full member
Activity: 190
Merit: 100
pumps & dumps

it is no difference if you do it on money, real money  Grin, bitcoin or any alt coin.

its the basics of currency market tranding... maybe read some of the tons of books already written on this topic.

or just watch this movie series:
http://www.guugll.eu/billion-dollar-day-part-a/

then this:
http://www.guugll.eu/traders-on-wall-street-episode-1-of-the-zeroes/

and at the end this:
http://www.guugll.eu/cnn-rookie-trader-part-1/

and you will have the basics i believe  Smiley
member
Activity: 90
Merit: 10
This can be done with real money and I understand clearly how that works, but my real question is can this be done with ALTcoins?

It can be done with altcoins in exactly the same way. What is it exactly that is confusing you?

Wait? How did you do it? what coin did you do and what pattern am I looking for?
member
Activity: 90
Merit: 10
Ok I just want to make sure it was possible that's all thanks Cheesy
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