Topic: New to alt coin trading, Help - page 5. (Read 5627 times)

It really depends on people if he really wants to invest on ick or not since they are the one who's entitled with their money and there are some potential ICO coins are existing today, but as you say there are  many scam coin existing there but you can really define wich is scam or not since some of them are givinf so much bunos and to good to be true offers to their prospects. And if OP wants to trade a coin who's existing on exchange well he must try to trade xaur,xhi,stratis and draco.

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.

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

that is also a good point and do not forget that you can access that information through the same exchange that you are using many times, you can simply go to "coin info" or whatever link is much like that there are there are usually links to the wallet, github, the forum announcement here and so on.  but then, search the same forum for the name of the coin, as there may have been other threads opened and that can either be a very good thing or a very bad thing.

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.

do not forget these couple things that can destroy anything you make on trading any coins

1. Fees.....Even if you buy low and sell high on a coin, there is a fee on both transactions.  Since people have recently spoken about YoBit, their fee is 0.2%.  So, you need to make sure that you not only make a profit, but that your profit is higher than the coming and going fees.

2. Marked price is not always true.  Again, using YoBit as an example, if you straight to the trading interface for a coin you will see that the buy and sell forms are prefilled with the highest and lowest prices for each, the best deals that are listed below each form.  But, if you are selling 50000 Doge and the highest buy order is only for 1000 Doge, then you are only going to sell 1000 automatically at that price.  The next buy order below that is the next to be filled and that price may be very different on a new coin.  The same is true on the other side. It does not matter what the going price is, the average price or any bit of information.  Anything is worth what a person will pay for it, and in the quantity that they are willing to buy or sell.

3. Order minimums.  Using YoBit again, you have a minimum order of 0.0001 BTC.  Small traders and new traders can make money on a new coin and then be stuck with that new coin because to sell they are below a minimum trade.  Another thing that happens sometimes is a person gets funds, say Doge, from a faucet and they sell them.  Let's say that you deposit 300 Doge into the exchange, jump in and try to sell them.  That is going to be below the minimum trade.  There are some that take their current BTC and then buy Doge to reach the minimum trade and then sell the higher quantity of Doge. Between the two trade fees, they come out with fewer Bitcoins in the end than before adding the Doge.

4. Last but not least, look before you leap.  I know loads of people that see a coin at a very low price and grab them up before they look to the other side of the page and see that no one is buying them back.  Again, price information matters not a bit if no one is willing to buy. 

Yobit has terrible customer support and have been facing a lot of issues lately.Not a wise thing to advise to a newbie..Speaking of trendy coins,the pump and dump business is on the highest peek these days!You never know if exchanges get paid to promote shit coins.
OP ,just stick to bitcoin trading.Much more lucrative in the long run and definitely risk free!

To that I agree.Additionally,compare the prices of coins on different exchanges.Make sure the coin is accepted on more than 3 exchanges.Do not invest in the ICO's if you have no idea what's what.Read through the comments of an ICO thread and follow what expericed members are doing.

You could start by looking for an altcoin exchange website, I recommend YoBit.net because of their interface. The support is pretty slow, though. After depositing some Bitcoins to start your trading with, go ahead to alt coin section and see what's the "trend" coin. Do some research about that trendy coin, they usually have a thread in here, and see what does other people think about it.

Since you're just new to altcoin trading, you have no other way of learning but to have some experience. Trust a user in the altcoin board and ask some advice, but don't trust him too much that you're ready to give him your coins. That'd be foolish. If the coin dies and you get negative profit, that's okay. If the coin rises, then that's good and that's also a sign that the person you were talking to actually knows what he is doing.

step one) sign up on a well known exchanger which people have been satisfied with using like poloniex or bittrex

step two) deposit a small amount because you are new to this

step three) learn basics of trading and then move on to finding best altcoins to buy and buy low and sell high

step four) do not withdraw now, since you have invested small amount it is not a risk to keep it on the exchanger and add the profit to your balance to grow it and when you felt confident deposit more.

It could be risky if yoy don't have any knowledge about it and just buying around without noticing that the coin you buy is on dumping stage or on dying state, so the better for us to do on our first trade is monitor the price,volume and the community if it is alive and  so by that yoy can determine if the coin will be healthy to be traded and will not turn scam right away. And also we must consider some thing before we do some trades since tradings is not all about earnings we might gonna lose all we've got if we miss does pump oppurtunities.

I just want to mention that trading altcoin is a risky way , you might lose your money , you should learn first , and when you join trading , don't use your all money , try with small amounts , watch the news , follow the announcements in altcoin announcements board , read others opinions , then make your own strategy .

First of all spend more and more time in altcoin section and after getting knowledge about all the coins you will be able to know that from where to start and what coin is better to invest.

Bro If You Want To Start Trading Then Firstly Create An Account On Yobit.net And Then Deposit Some Money and they Buy Some Altcoins...
As You Are New To Trading I Also Suggest You Some Coins:-
1) Pak Coin
2) Blry Coin
3 Aum Coin
4) Rdd Coin Etc...
I also Trading the Above Coins....

I think you are too much newbie to this platform of altcoin, as you even don;t know that how to take the start and from where to take the start, by the try invest much lower amount in any coin you want, in the start you only have to learn not to invest all.

Just go to altcoin sections and see what is the people are talking of. Look for what altcoin is in trend, it's usually the biggest projects that has a potential to get a higher price. You can also ask people for an honest opinion on their thread about what they think of the coin.

I consider myself as a newbie and would like to share some tips from my little experience.

# 1. Choose a good exchange - Make sure it's not a scam or in trouble. You can compare without investing.

# 2. Research - Do your own research before investing in any option, this is a must.

# 3. Ignore Green Blinks / Trollbox - You will see some coins are being bought on each second but ignore it (that's likely to be a  pump & dump scheme) don't even trust on whatever advice you get in the chat box.

# 4. Start will low amount - Don't invest your whole capital at once, start will low trades.

# 5. Be Ready to Lose - Don't forget, trading is a risky job so you might lose your whole capital. Don't invest what you can't afford to lose.

# 6. Diversify Your Investments - Don't put all eggs in one basket, diversify your investments.

Good luck for your trading journey.

Actually, I prefer going to coinmarketcap.com to get a daily list of the prices. When I decide on which coin to buy, I click on the coin and it shows me the exchanges selling the coin. I prefer picking the exchange with the lowest price if I want to buy and if selling, the exchange with the highest price.

One great resource for novice alt traders is:
http://alunacrypto.blogspot.in/2016/03/bitcoin-altcoins-trading-complete-guide-cryptocurrency-tutorial-trading-strategy-fundamental-analysis-technical-analysis.html

i don't know why others are suggesting yobit, it is the last site that you should look into if you want to trade. so as long as you can trade on good sites like bittrex, poloniex and c-cex don't even think about yobit.

and as for start i suggest you start with a small amount and test the waters so to speak and then invest more.

On my preference bookmark list are these two exchanges: poloniex and yobit.

If you don't have any preferred coin to trade then check the most traded coin (poloniex at the top right, yobit at bottom left)

Based on the most trading volume within 24 hours you can see which coins are more popular, what you should do is check how often does the price change and estimate where is the best time to buy and to sell that coin you invested in.