Topic: Minimum to start on trading - page 11. (Read 17666 times)

I am not sure are you just joking or what but that's way too much! Too much risk, you will lose a lot if you make wrong decisions. Also to hold 5 BTCs on any exchange is way to much! I would never done it.

At least 5 Bitcoins and you can start, otherwise you can have very small profit 

Yes. If you look for minimum amount of risk for your first trades then you must choose alt coins to starting trading. But people look for hot markets with more volatile to grab more earning opportunities. But volatile markets are more riskier to wipe out all the investments.

I might also start trading with bitcoin once I get to have reasonable amount to trade.
I might have to learn everything though, coin trading is much different than stock market

Thanks a lot for your advice! The low volume/ gambling explanation really went deep on me.

Would help to know about what you mean with the "classic signals" I am such a newbie I don't even know about them.

Dogecoin is the better one to kick start your trading to test your skills as well as patients. If you look for certain higher level means I personally can suggest to go with clam coins as I see it more active in some specific exchanges.

Can anybody here recommend what coins to look at to get into trading?
Think of it as the "faucets" of trading, as in a way to get started and get the hang of it before moving to something bigger.
Thanks

"Trading is only a matter of patience. LOL." - LOL?

I would not recommend listening to that for successful trading. Patience is an important matter in real trading, yes. But in Altcoin trading, it is pure luck. The reason behind that is simple: Altcoins have such a low volume that your profit solely depends on single individuals, and if they're willing to move the coin into your direction.

Buying and selling Altcoins really has nothing to do with trading. It's gambling. And if you want to make money long term, I'd recommend using markets which have real volume, because then, you can spot trends and use them to profit.
So, recommended markets are generally LTC and upward (meaning in crypto, only BTC, plus traditional markets, such as Forex, Commodities, Stocks, Indices). It's also gambling to some extent, but you're not depending on where a small group of often crooked individuals want the market to move.

It takes time. Many traders take years until they become profitable traders who manage to scoop consistent money off of the markets.
If you want to keep (and maybe increase) your money, I'd recommend to stay away from Altcoins completely.


.edit: I lost thousands trading Altcoins, when I was "young" (in crypto experience terms). Did not have the experience I have now, and I misunderstood classic "stay the fuck away" signals (ongoing pumps) as "fomo in ASAP" signals. Glad it was no money I was depending on in any way.

Yes many people start trading with Dogecoin just to minimize the risk involved in bitcoin trading and to learn bitcoin trading in real time. So start trading in alt coin with minimum amount of alt coin would be more advisable for the new bitcoin trading aspirants.

The beauty of bitcoin is that even small amounts of bitcoin can be traded as easily as big amounts.

So there isn't really a large threshold to become a successful bitcoin trader. If you want to trade for pennies you totally can.

In my experience starting trading with stable alternate crypto-currencies like litecoin or dogecoin or some other coin would be the better choice for minimum risk associated for a the beginner. I too have started with dogecoin because it was slow in movement and profitable in long run.

also the 1 btc thing, i was referrint to, was only for bankroll, you don't trade directly with it, you trade with 1/100 portion of it, like in poker

i started with $100 at the very beginning. at that point it was all i could justify spending on bitcoin for investment purposes. just invest with what you can afford.

Come to think of it, I believe you are right. I have trade for hundreds and thousands of dollars investing in stock market, and now there is quite a fear to trade a full BTC, which in the end is less money LOL.

I suppose it is because the BTC were too hard to earn.

Yes, but if you decide to trade with less than 1 BTC, in my experience, you won't make a damn thing and you will just waste your time. 1 bitcoin is really not a lot to trade with. Especially now when the price is $250. I have traded with 2 BTCs regularly when the price was $700.

there are no rules, no minimum or maximums. But you should know that bitcoin was not intended to be an investment and you may well lose big. It could work, but it's like using a prescription "off-label". if you just use it as money you don't have to worry about these things. 

His question is for minimum BTC on trading..
1 BTC is quite big, and i usually use your methods too in trading BTC/USD.

If you asking me how minimum BTC for trading, my answer is there are no minimum or maximum.
If you just have 100,000 satoshies, then you can trade it too.

But to sell them in small amount, of course you just get small money or $.

Start off with an amount you don't care about. Chances are it'll go up in smoke. It takes a long, long time to conquer standard human behaviour when it comes to trading.

From my experience i think the minimum you must invest is atleast 50k satoshis . and have an aim to double it in a week.

I usually buy small coins in bulk and wait for them to raise a bit and sell them off.

Ex: DOGED coin 5 satoshis per coin.. i will buy 50000/5 coins that is 10k coins.. in morning

In evening i will sell them if price has increased by even 1 satoshi.. 6 *10k will give me 60k satoshi .. so i got 10k profit in a day..

But be carefull .. if the coin looses its value . you will suffer loss.. look at the background of coin and distribution and then trade.

your denominated in units turned out to be satoshis... 

I think if you make profits from trading, at lease 0.1 btc to start.