New to alt coin trading, Help - page 4.

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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.

FLoving

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I too my start from ybit so I will suggest you to go to yobit as I think that is much easy for to use by newbie and there you invest oly on those altcoins which will have a bigger volume of trade but stay away from those coins which are pumped by bots a little bit.

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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.

You do not know beforehand how much money people will invest into the altcoin, do you? Transparency truly is an important feature to determine a coin's reliability, but even when everything seem cool, there is risk so you are still advised to be cautious and keep your eyes on the development progress and check that it actually is progress, not simple forking.

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Quote from: Pursuer on September 13, 2016, 08:28:26 AM

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!

start small and try to work your way up. and do not jump in with all of your money because that would be a bad decision. and you should know that despite many believing that trading is like gambling it really is not and if you can find out how to trade with speculations and finding best prices to get in and out then you would be successful in trading.

Yes trading is gambling but only for those who will be inexperienced in trade as they do invest without knowing any consequences of the asset and wait for the good time, and do not know that what will come! a good time or bad! . while those who will have knowledge and skills about trade can earn with intelligence and for then trading is business not gambling.

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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.

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Quote from: Bitcoinsummoner on September 12, 2016, 01:56:59 PM

Do you have any places where we can see almost new exchange sites so that i can collect their trial coins to try their service?

If my news are actual, people at TuxExchange still give coins to newcomers. You can find them on Bitcointalk forum so I am not copying their current offers. This is their forum thread where you could find everything https://bitcointalksearch.org/topic/tuxexchangecom-cryptocurrency-exchange-0-maker-fee-1541333 Good luck!

Miss Bitco

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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.

Pursuer

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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!

start small and try to work your way up. and do not jump in with all of your money because that would be a bad decision. and you should know that despite many believing that trading is like gambling it really is not and if you can find out how to trade with speculations and finding best prices to get in and out then you would be successful in trading.

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First of all ,you need to know what are the consequences of trading ,the risk of investing and losing of it with a wrong move .i would suggest a research on altcoins will be the best thing for you to know where to invest.

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learn to search and read a lot and that is the best suggestion that i can give you.

both about the trading itself, the basics and all other things about it like analysis and how it really works. and also you should read about the thing you want to invest in. if it is bitcoin you should know what it is and how its price is being affected.

if you want to invest in an altcoin then you have to know what that altcoin is really offering, and more importantly how many people are interested in it enough to make an investment. because even if the altcoin is good but nobody wants it, that altcoin will never grow.

BitFinnese

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First i will suggest you to learn the basic of trading. If you are unable to understand or go witht he basics of trading, it is not wise for you to venture in it. Anyway, after you grasp the basic, it is now time to do your research. Pick up a coin you want to trade and read about this coin. Make sure to visit and understand the flow of their thread. And never listen to the troll box.

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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 you must understand is that trading is a high risk activity, once you understand this please to signup in exchange like bittrex poloniex c-cex yobit and others, before choosing altcoin better to seek to know about the altcoin, learn more about trading and do not use the money that is prepared for everyday needs

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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 of all! before even you open a exchange account, you need to learn how to recognize a good coin from a shit coin
Spend some time in forum and read some decent coins i wont tell you which you must find them ill give you a hint ( https://coinmarketcap.com/ ) after that take a closer look on which coins have the biggest change (24h) & volume, after you make a list go read their ANN & their thread a bit, the 80% of that are good coins, so you get a first idea
Now go on Yobit and take a look at their trading pairs on the top you will see some good coins , and after that you will see all the shit coins go read their ANN and you will have an idea how a shit coin look like,

Then go to an exchange create an account , pick your coins you wanna buy in, look at their price & check their history price to learn the market , what price a go and when its a no go,
Go for Poloniex or Bittrex

And remember dont be greedy..! first you need to learn , prefer the easy way!
Good luck with your trades

P.S. never trust or even read the trollbox !

Bitcoinsummoner

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Quote from: PremiumCodeX on September 12, 2016, 01:22:12 PM

Most members above has posted some of the popular exchanges and guides that you could follow. I am adding that you could try a new exchange too since new exchanges often pay some altcoins to test their features so to exchange. You may should not expect much profit from it, but it definitely is a money-safe way to start with trading.

Do you have any places where we can see almost new exchange sites so that i can collect their trial coins to try their service?

PremiumCodeX

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Most members above has posted some of the popular exchanges and guides that you could follow. I am adding that you could try a new exchange too since new exchanges often pay some altcoins to test their features so to exchange. You may should not expect much profit from it, but it definitely is a money-safe way to start with trading.

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Quote from: rizkyhiw on September 12, 2016, 02:33:52 AM

Quote from: Osarman on September 10, 2016, 02:17:32 PM

i think you start Altcoin trading from yobit and a huge of people are also using yobit for trading because yobit is much more good and secure and yobit is very popular and i also using yobit for trading .

for me yobit only be good place to train your skills in the beginning .
but not good at all later if you continue trading for long term.
they are indeed have a lot of choice to trade altcoin.
but yobit for me morelikely to a scam trading platform if you trade in high amount.

I mainly use the Poloniex for most of my trading. If the coin is not liquid, I will use the Bittrex. It is also good.

rizkyhiw

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Quote from: Osarman on September 10, 2016, 02:17:32 PM

i think you start Altcoin trading from yobit and a huge of people are also using yobit for trading because yobit is much more good and secure and yobit is very popular and i also using yobit for trading .

for me yobit only be good place to train your skills in the beginning .
but not good at all later if you continue trading for long term.
they are indeed have a lot of choice to trade altcoin.
but yobit for me morelikely to a scam trading platform if you trade in high amount.

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Quote from: Red-Apple on September 10, 2016, 06:28:54 AM

Quote from: Slark on September 09, 2016, 09:52:45 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!

Instead of focusing on finding exchange and buy existing coins, why don't you start looking for new promising ICOs?
There is some projects going on which looks very promising and probably will bring its investors serious profits.
For example ICONOMI ICO is active right now, you can check their announcement thread here:

https://bitcointalksearch.org/topic/ann-iconomi-fund-management-platform-1587736

i don't think that is such a good idea so i discourage you to do it also.
many of these ICOs are bad and many look good on the surface but turn into scams so fast you can't turn your head around and say what.

investing in ICO means investing in something that is not yet take any shape, it would be a great gamble so if you want to gamble then go for it.

but trading on the other hand means you can see the coin after it is released and it has shown its weaknesses and powers and also you can see the volume, the interest people shown and many other stuff and make your investment then.

As you pointed out. With ICO investing you are risking even higher - but you can gain much more. There are projects with high potential, serious developers team, and community & investors backup.
That is why I listed ICONOMI as example as I think it is the most promising ICO being released right now. Chances that huge project like them turn out to be scam is basically 0%

Of course something could go wrong, but nothing is certain with trading & investing in crypto, you can lose money trading LTC or ETH as well.

Osarman

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i think you start Altcoin trading from yobit and a huge of people are also using yobit for trading because yobit is much more good and secure and yobit is very popular and i also using yobit for trading .

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Quote from: secone on September 09, 2016, 11:44:09 AM

best trading places for me poloniex and bittrex.

tips from me, before you determine to buy the coin, it is better to find out information about the coin in this forum, twitter or others. whether the coin is increasing because of the hype of the game from the whales, or indeed any good info about the coin.

I agree, poloniex and bittrex are so far the better if not the best trading place in cryptocurrency. You can see almost all the major coins aims poloniex and bittrex since they have a good base users. As for the coin, you can choose from the list of trading pairs and if you happen picked one, try to research it first before investing in it. Read the troll box but never be influenced by it.

Topic: New to alt coin trading, Help - page 4. (Read 5627 times)