New to alt coin trading, Help | Bitcointalksearch.org

rik3

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Quote from: mikehersh2 on September 05, 2016, 01:21:47 PM

Hi

I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

I Prefer You to Gain Some Knowledge and Information about Trading Before Doing Altcoin Trading Because it is Very Risky and You can Lose Your All Money You Invested In Trading and Also I Prefer You to Start With Some Big Altcoins Like Dogecoin, Etherum, Litecoin and Many Altcoins and Before Start Trading On any Website Do Some Research about the Website.....

Fatanut

legendary

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Seeing how frequent an altcoin becomes a dump coin, I can only say that you should put your trust in the altcoin that you're buying. Yes, you can conduct a lot of research about it but all of them promise good things and mostly everybody is so optimistic about it. You'll get swayed by all those positive stuffs. Some dev even say that their project is doing great even if they are facing problems.

shintosai

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Quote from: mirakal on October 25, 2016, 08:33:50 AM

Quote from: xSkylarx on October 25, 2016, 07:21:04 AM

First research about that altcoin. Find out if it has a forum. Read about its feedbacks. Study about its roadmap. Find out who the devs are. Other than that if you can't find anything about that altcoin then think twice before buying it.

It's good to be always smart in buying altcoins because that is most riskiest assets in the crypto world, study the trend and history of altcoins to determine which altcoins has a good road map and was managed by a well trusted and legitimate developers. Trust is the most important factors here, no matter how good your coins but lack of trust it will not succeed.

yes mate you needed to make sure you already studied everything about the coin project before you enter and place your entry, don't place your self into something that you are unsure and no idea, losing small amount of money can be normal if you are just starting but you should learn from it and use that as your guide to make it successful next time.

gandame

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Quote from: mikehersh2 on September 05, 2016, 01:21:47 PM

Hi

I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

In one month for now i think the opinion of many member here is enough for you to get an advice how to trade in altcoins. Maybe now you can good trader or an profisional one. So good luck earn i hope you can earn many bitcoin by doing in trading altcoins.

mirakal

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Quote from: xSkylarx on October 25, 2016, 07:21:04 AM

First research about that altcoin. Find out if it has a forum. Read about its feedbacks. Study about its roadmap. Find out who the devs are. Other than that if you can't find anything about that altcoin then think twice before buying it.

It's good to be always smart in buying altcoins because that is most riskiest assets in the crypto world, study the trend and history of altcoins to determine which altcoins has a good road map and was managed by a well trusted and legitimate developers. Trust is the most important factors here, no matter how good your coins but lack of trust it will not succeed.

xSkylarx

hero member

Activity: 2366

Merit: 594

First research about that altcoin. Find out if it has a forum. Read about its feedbacks. Study about its roadmap. Find out who the devs are. Other than that if you can't find anything about that altcoin then think twice before buying it.

machinek20

hero member

Activity: 840

Merit: 501

in order to start trading alt coin the most important is to know updated news from the coin, you need to find exchanger that has the alt coin wallet, after that you need to check the alt coin price everyday because usually alt coin price can suddenly go high and it last in a very short time, so you need to make advantage of every opportunity
you can start to trade in yobit, bittrex, ccex, poloniex

Kotone

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Activity: 1372

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Quote from: mikehersh2 on September 05, 2016, 01:21:47 PM

Hi

I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

First thing you need atleast read some good thread here in forum about the altcoins and tradings matters you just need to have a friend who can really teach you about trading coz if no one will guided you , you can lose money in the first place, And trading is not just a game if you want to have that then you need to learn on the best way.

goldcoinminer

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Activity: 952

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Quote from: Zadicar on October 24, 2016, 11:27:09 PM

Quote from: hajimasan on October 24, 2016, 09:58:06 PM

Quote from: mikehersh2 on September 05, 2016, 01:21:47 PM

Hi

I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

i will advice before go for direct trade of altcoin you should only trade with Bitcoin only ( buy btc at low prices and sell at high )
after 10-20 days practice of trading of bitcoin will make you knowledgeful to make trade with other coins also and you will able to make prediction of rise and down of Price .

I do agree with you because bitcoins price movement is somehow moves in small amounts which you could actually learn how to trade with it but dont tkae it too easy because trading isnt easy at all, the difference on trading altcoins is its more volatile compare to bitcoin.

Trading bitcoin will require you a good capital so you will be able to make good amount of money with its fluctuation, in altcoins it would be easy as the price move faster than bitcoin, but sometimes when you do not pay attention you will be victim of scamcoins or what they called shitcoins.

Zadicar

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Quote from: hajimasan on October 24, 2016, 09:58:06 PM

Quote from: mikehersh2 on September 05, 2016, 01:21:47 PM

Hi

I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

i will advice before go for direct trade of altcoin you should only trade with Bitcoin only ( buy btc at low prices and sell at high )
after 10-20 days practice of trading of bitcoin will make you knowledgeful to make trade with other coins also and you will able to make prediction of rise and down of Price .

I do agree with you because bitcoins price movement is somehow moves in small amounts which you could actually learn how to trade with it but dont tkae it too easy because trading isnt easy at all, the difference on trading altcoins is its more volatile compare to bitcoin.

hajimasan

hero member

Activity: 882

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Quote from: mikehersh2 on September 05, 2016, 01:21:47 PM

Hi

I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

i will advice before go for direct trade of altcoin you should only trade with Bitcoin only ( buy btc at low prices and sell at high )
after 10-20 days practice of trading of bitcoin will make you knowledgeful to make trade with other coins also and you will able to make prediction of rise and down of Price .

Fredomago

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Leading Crypto Sports Betting & Casino Platform

Quote from: rik3 on October 24, 2016, 09:27:00 PM

Quote from: mikehersh2 on September 05, 2016, 01:21:47 PM

Hi

I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

Bro As You Said Above that You are New to Trading So I Suggest You Before Getting into Trading Firstly Get Some Knowledge about Trading Or Do Some Research about Altcoin Trading Because Without Proper Knowledge Of Altcoin Trading, You can Lose Your Whole Money.......

yes knowing the fundamentals from the coin you are supporting is very important and that's our advantage because aside from their own web site this forum also providing information so if you really interesting into trading and wants to support an alt project all you need to do is take a deep look on it here and keep tracing every single info about the coin.

rik3

full member

Activity: 210

Merit: 100

Quote from: mikehersh2 on September 05, 2016, 01:21:47 PM

Hi

I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

Bro As You Said Above that You are New to Trading So I Suggest You Before Getting into Trading Firstly Get Some Knowledge about Trading Or Do Some Research about Altcoin Trading Because Without Proper Knowledge Of Altcoin Trading, You can Lose Your Whole Money.......

yakdivine

member

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The price is falling and rising just slightly each time the players buy, loading up on the cheap coins without drawing too much attention.

TraderBill

newbie

Activity: 44

Merit: 0

There are two basic strategies:

- try to trade the swings by buying low and selling high on exchanges

- try to buy in on the ground floor of new altcoins which are launching

For the first strategy, you can start by paper trading on exchanges like bittrex, poloniex, kraken, bitfinex. Meaning, you keep a spreadsheet where you pretend you have 1 btc or 10 btc, then record your buys and sells. You can paper trade in order to learn for a couple of months before you start risking real money

carlfebz2

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Quote from: Rukusilf on October 24, 2016, 01:39:50 AM

Quote from: Pursuer on September 28, 2016, 02:22:58 AM

Quote from: 0day on September 25, 2016, 04:39:11 PM

Quote from: JeffBrad12 on September 14, 2016, 08:53:51 PM

Quote from: 0day on September 13, 2016, 04:08:58 PM

Quote from: Miss Bitco on September 13, 2016, 09:30:23 AM

Try to select only those altcoins which will have reliable and known developers and will have a good number of investment and will have a good volume of trade.

Yeah these features are most affecting the value of any altcoin, coins with that features will have good potential to increase in value in the future so any person who will have investment in that coin will not be disappointed and will earn a good profit in the future when the value will increase.

not forever the alt coins are having a reliable developer will having the happy ending, maybe there are a lot of example like that. I think too difficult just considering about their developer. and there is no guarantee about your profit if choosing the altcoins with the reliable development.

But if the developers disclose their identity and they share all their activity with public so we will be able to know that how much they can struggle for their coin and how much they are reliable and by showing their identity they will not commit to scam people.

knowing the identity of the developers doesn't guarantee the safety of the coin and it certainly does not guarantee you not to lose money when you invest in them. as an example you can take a look at ethereum that we all know the identity of the main developer Vitalik B. but we all know how manipulated and scammy that coins really is and it has caused a lot of pump and dumps and losses for many people.

That is right. But if you know the identity of the developers, you can know their traack record and find a good one.

No matter how you tract a good developer but still the situation of manipulated dumps and pumps are still there. As other members said here knowing the identity of the devs of a certain coins would not give you assurance anytime that you could able to make profits of such coins.

Rukusilf

newbie

Activity: 27

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Quote from: Pursuer on September 28, 2016, 02:22:58 AM

Quote from: 0day on September 25, 2016, 04:39:11 PM

Quote from: JeffBrad12 on September 14, 2016, 08:53:51 PM

Quote from: 0day on September 13, 2016, 04:08:58 PM

Quote from: Miss Bitco on September 13, 2016, 09:30:23 AM

Try to select only those altcoins which will have reliable and known developers and will have a good number of investment and will have a good volume of trade.

Yeah these features are most affecting the value of any altcoin, coins with that features will have good potential to increase in value in the future so any person who will have investment in that coin will not be disappointed and will earn a good profit in the future when the value will increase.

not forever the alt coins are having a reliable developer will having the happy ending, maybe there are a lot of example like that. I think too difficult just considering about their developer. and there is no guarantee about your profit if choosing the altcoins with the reliable development.

But if the developers disclose their identity and they share all their activity with public so we will be able to know that how much they can struggle for their coin and how much they are reliable and by showing their identity they will not commit to scam people.

knowing the identity of the developers doesn't guarantee the safety of the coin and it certainly does not guarantee you not to lose money when you invest in them. as an example you can take a look at ethereum that we all know the identity of the main developer Vitalik B. but we all know how manipulated and scammy that coins really is and it has caused a lot of pump and dumps and losses for many people.

That is right. But if you know the identity of the developers, you can know their traack record and find a good one.

Pursuer

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Quote from: 0day on September 25, 2016, 04:39:11 PM

Quote from: JeffBrad12 on September 14, 2016, 08:53:51 PM

Quote from: 0day on September 13, 2016, 04:08:58 PM

Quote from: Miss Bitco on September 13, 2016, 09:30:23 AM

Try to select only those altcoins which will have reliable and known developers and will have a good number of investment and will have a good volume of trade.

Yeah these features are most affecting the value of any altcoin, coins with that features will have good potential to increase in value in the future so any person who will have investment in that coin will not be disappointed and will earn a good profit in the future when the value will increase.

not forever the alt coins are having a reliable developer will having the happy ending, maybe there are a lot of example like that. I think too difficult just considering about their developer. and there is no guarantee about your profit if choosing the altcoins with the reliable development.

But if the developers disclose their identity and they share all their activity with public so we will be able to know that how much they can struggle for their coin and how much they are reliable and by showing their identity they will not commit to scam people.

knowing the identity of the developers doesn't guarantee the safety of the coin and it certainly does not guarantee you not to lose money when you invest in them. as an example you can take a look at ethereum that we all know the identity of the main developer Vitalik B. but we all know how manipulated and scammy that coins really is and it has caused a lot of pump and dumps and losses for many people.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: outatime1 on September 27, 2016, 05:49:18 PM

The easiest way is to buy some bitcoin and transfer it to an exchange. Then you can trade bitcoin for any altcoins they have to offer. Choose an exchange based on the trustworthiness of it and the altcoins it has available.

Of course, that is normally done by traders here, because they do not want to open more wallet just to buy a certain altcoins. If they can buy bitcoins they can easily deposit in a certain trading site and trading site will already provide wallet for their clients, so that's easy.

outatime1

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The easiest way is to buy some bitcoin and transfer it to an exchange. Then you can trade bitcoin for any altcoins they have to offer. Choose an exchange based on the trustworthiness of it and the altcoins it has available.

Topic: New to alt coin trading, Help (Read 5627 times)