Topic: New to alt coin trading, Help - page 6. (Read 5618 times)
Select the trading sites which is there from longtime and legit ,get an reliable exchange site , first study about the trade volume and which coin is having more value on trading also worth of buying , invest only little in the beginning which you can afford and if it is giving real profit start increasing the investment.
Hi 
I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!
The first step for starting your journey into the world of trading alt coins choosing your reliable site for the trading place and my suggestion is choosing the crowded place because the circulation of trading will be fast and you can anytime for rotating your money. I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!the second step, starting with low amount because you're new in the trading site and then you can learning about choosing the potential coins before.
I took my start from yobit and there i did not faced any issue while trading with bitcoin and I think for new comers yobit is much better as its usage is easy and it has some coins which have potential to grow much higher. I think you should have to take your start from there.
Yobit is just fine, that's more or less how I started (RIP, Cryptsy!). But OP, watch out. There are so many coins on the exchanges, and you'll see some of them up and down like 10000% or something crazy like that. A lot of those coins have no market depth, meaning you'll have a tough time unloading them even if they do go up.My advice is to start small and just get a feel for the markets. It's very much like trading penny stocks, except you have much less info to trade on. It's the most bizarre thing I've ever seen in markets. Good luck.
I took my start from yobit and there i did not faced any issue while trading with bitcoin and I think for new comers yobit is much better as its usage is easy and it has some coins which have potential to grow much higher. I think you should have to take your start from there.
First dont try trading altcoins before reading and learning enough about it, trying this method without any experience or strategy is risky just like gambling, so i suggest you keep reading a lot here before trading altcoins
Check volume before you buy anything. Do not buy any dead coins. As the name states, they are dead. No volume in them. People won't be trading those coins. If you buy them you will wait forever. Find some high volume coins wait for mega dumps. When you wait enough get in and wait for the counter pump. Then get off.
Exchanges to use :
poloniex.com
bittrex.com
c-cex.com
yobit.net
Tips: don't buy when price is pumping and don't sell being panic when price gets like 10-20% down within a day time. And also don't follow what chat box suggest you, in altcoin world fud/hype plays important role in manipulating market stay careful.
poloniex.com
bittrex.com
c-cex.com
yobit.net
Tips: don't buy when price is pumping and don't sell being panic when price gets like 10-20% down within a day time. And also don't follow what chat box suggest you, in altcoin world fud/hype plays important role in manipulating market stay careful.
Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!
I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks! Jump to: