The Art of Trading BTC to ALT Coins-Share your Experience for Noob

CoinBreader

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Quote from: kyrios_ on January 29, 2016, 08:44:25 PM

If you are looking to invest longterm in altcoin? What fundamentals do you look at?

longterms investment for alt coins have my factors to count , in order to see if you are in the right train,
1)community
2)dev behind the coin
3)every day use & whitepaper
if you are sure about these, and you dont have to fear any shake outs from the whales, plus you can make profit in the meanwhile from a long investment alt coin, by increase your position in every chance!

bestluck

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Quote from: Vikingr on July 22, 2016, 03:45:35 PM

Untill now I was trading only with bitcoin and fiat, and at there the profit was much lower (but was enough), now after the emergence of some new coins like Yocoin, LIR and wave I started to trade with altcoins also , and there I got a much better and faster profit.

LIR is really a high profiting altcoin, its price is increasing with a high speed and if you buy some amount of LIR and hold then for a month you will double up your money with it, I have experienced that in the previous month.

Vikingr

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Untill now I was trading only with bitcoin and fiat, and at there the profit was much lower (but was enough), now after the emergence of some new coins like Yocoin, LIR and wave I started to trade with altcoins also , and there I got a much better and faster profit.

BTCdoaA

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Quote from: Supercrypt on May 26, 2016, 06:34:54 AM

Quote from: mookid on May 25, 2016, 11:18:09 PM

The best advice is to manage risk carefully, Crypto is -by general financial rules- a very high risk investment, altcoins are even crazier. Use a reputable exchange like Bittrex or Poloniex, choose and research carefully what do you want to trade, and manage your risks and assets with caution.

Apart from these things, the only prime decider for your life with altcoin trading must be your strategy to follow for making profits.
There are lot of practical difficulties with altcoins due to the availabilty of so many coins. We need to choose a stable coin for better profits with them.

i think eth and steem are the best over the past 4 weeks specially eth down to 0.014 then in two days up to 0.023 then to 0.0144 again now it is 0.02 ,game play

Supercrypt

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Quote from: mookid on May 25, 2016, 11:18:09 PM

The best advice is to manage risk carefully, Crypto is -by general financial rules- a very high risk investment, altcoins are even crazier. Use a reputable exchange like Bittrex or Poloniex, choose and research carefully what do you want to trade, and manage your risks and assets with caution.

Apart from these things, the only prime decider for your life with altcoin trading must be your strategy to follow for making profits.
There are lot of practical difficulties with altcoins due to the availabilty of so many coins. We need to choose a stable coin for better profits with them.

mookid

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The best advice is to manage risk carefully, Crypto is -by general financial rules- a very high risk investment, altcoins are even crazier. Use a reputable exchange like Bittrex or Poloniex, choose and research carefully what do you want to trade, and manage your risks and assets with caution.

Wapinter

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Quote from: Master_dandosha on January 28, 2016, 08:35:23 AM

My experience is to buy a good coins at reasonable price and wait for it to reach the sell order even you wait one month forward .
good luck all

How do you know which is a good coin? how to differentiate it with shit coins and what is the right time to sell?

Boosterious

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Quote from: BTCdoaA on January 25, 2016, 06:04:57 AM

Hi

As All we know that trading is the best way to make and earn extra income of BTC , But many of noob enter this world without experience !!
So i will start by my self .
i don't have much experience to share but here is mine :

- i use bittrex for trading bitcoin to alt coin -(Better to use only trusted exchange with a huge no of sellers\buyers )
- I always look at the thread of the coin that i am going to buy .
- i am not greedy so small profit is good for me per day.
- Just follow other - for a short time only (Demand)
waiting for your experiences and advises .

Thanks

firstly i must be said that trading is not best way to earn bitcoin,however trading have risk. and maybe the best way to earn bitcoin is joing signature campaign and doing it very well.
i'm also use bittrex sometime,but i prefer to use poloniex now,that always good if we looking for information about altcoin before start trading.

BTCdoaA

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Thank you all for those nice tips .

Fatanut

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Here's my 5 tips to you in trading BTC-Altcoin

1. Don't be in a hurry. Some alt coins take a day or two before they rise depending on the demand.

2. Don't be such a coward. Trading is like gambling. If you don't have the guts to risk some of your BTCs, then don't enter trading.

3. The worst thing that can happen to you is buy at the top of the pump, and sell at the bottom of the dump.

4. Don't trust the people in the trollbox/chatbox.

5. Don't invest all your bitcoins in a single alt coin.

pooya87

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the most important thing in trading is that you should try and stay away from getting hyped. especially when you hear on the forum about a coin that is good and they tell you to buy it because it is going up. they say this because they have sell orders that want you to buy from it.

mrhelpful

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the only tip I have for newbies, is that just be aware with alt coin exchanges.

most know the whole cryptsy incident, if not it should checked out. And thats a known alt coin exchange for 3 years now which flipped. So understand to convert back to btc whenever much as possible to avoid that scenario.

romero121

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There is nothing so hard as an art. One needs to be in close observation about the rising altcoin. This would help you to grab the right coin using bitcoin and earn the profit. Alts will rise up at some instances, so profit can be earned only at those time.

~Bitcoin~

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Quote from: ArafaA on May 16, 2016, 01:22:07 PM

Quote from: BTCdoaA on May 16, 2016, 11:07:54 AM

TIPS: new added tip to the art of trading :
Never go\buy a coin when it hits poloniex or such a big exchange in the first week specially the first day of trading . it will go very high then loosing profit is expected .
Example : VOX & DCR

Really i appreciate this advice i traded vox in poloniex at price of 0089 SAT look at the market today it is now 3+ SAT .
i lost some btc but thanks god it was not a big investment again lesson learned.
it is better to buy cheap coins before listed there.

Yes same think happen to me, but its now 2-3 days and price of vox seems to be stable for this week, i will wait 1-2 more days without selling any of my vox and when price seems to be stable with good 24 hour volume, i will buy as much as i can. I am sure vox will do same second pump aagain like AMP have done before.

liie888coins

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Quote from: Herbert2020 on April 18, 2016, 08:08:58 AM

Quote from: BTCdoaA on April 18, 2016, 06:10:35 AM

Quote from: Krayshock on April 05, 2016, 10:23:19 AM

I use YoBit at the moment since that is where I get my btc for trading (see signature campaign)
I'm planning to put more btc to bittrex and poloniex

Yobit has many coins and it is very difficult to use from web-design side not as bittrex & poloinex . Actually you can also gain profit from trading in yobit ,easy one . now i am trading post\bios in yobit buy 147 selling not yet price 300 now.

i agree the charts there and the timestmps are not so good and not enough information on there either but it is not just about the design of yobit it is mostly because there are a lot of coins there that do not have the minimum amount of volume to be considered active.
only 4-5 coins are active there.

Yobit is only for small volume traders. Most markets there don't have enough liquidity.

If you want to buy/sell larger amount, you should go Poloniex or Bittrex instead.

ArafaA

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Quote from: BTCdoaA on May 16, 2016, 11:07:54 AM

TIPS: new added tip to the art of trading :
Never go\buy a coin when it hits poloniex or such a big exchange in the first week specially the first day of trading . it will go very high then loosing profit is expected .
Example : VOX & DCR

Really i appreciate this advice i traded vox in poloniex at price of 0089 SAT look at the market today it is now 3+ SAT .
i lost some btc but thanks god it was not a big investment again lesson learned.
it is better to buy cheap coins before listed there.

BTCdoaA

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TIPS: new added tip to the art of trading :
Never go\buy a coin when it hits poloniex or such a big exchange in the first week specially the first day of trading . it will go very high then loosing profit is expected .
Example : VOX & DCR

BTCdoaA

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Quote from: Das on April 19, 2016, 02:12:29 AM

A thorough research into the prices of the altcoins for the past six months will give a fair indicative of the most promising coin. Buy when it is low and sell as soon as you see that you can make some profit, else it might dip.

For promising coin it is better to buy them when the prices & coin in red ,more decreasing in red more profit will be gained in near future if have patience take ETH price for example in past weeks
Thanks

Das

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A thorough research into the prices of the altcoins for the past six months will give a fair indicative of the most promising coin. Buy when it is low and sell as soon as you see that you can make some profit, else it might dip.

Herbert2020

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Quote from: BTCdoaA on April 18, 2016, 06:10:35 AM

Quote from: Krayshock on April 05, 2016, 10:23:19 AM

I use YoBit at the moment since that is where I get my btc for trading (see signature campaign)
I'm planning to put more btc to bittrex and poloniex

Yobit has many coins and it is very difficult to use from web-design side not as bittrex & poloinex . Actually you can also gain profit from trading in yobit ,easy one . now i am trading post\bios in yobit buy 147 selling not yet price 300 now.

i agree the charts there and the timestmps are not so good and not enough information on there either but it is not just about the design of yobit it is mostly because there are a lot of coins there that do not have the minimum amount of volume to be considered active.
only 4-5 coins are active there.

BTCdoaA

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Quote from: Krayshock on April 05, 2016, 10:23:19 AM

I use YoBit at the moment since that is where I get my btc for trading (see signature campaign)
I'm planning to put more btc to bittrex and poloniex

Yobit has many coins and it is very difficult to use from web-design side not as bittrex & poloinex . Actually you can also gain profit from trading in yobit ,easy one . now i am trading post\bios in yobit buy 147 selling not yet price 300 now.

lumeire

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Currently venturing into trading nowadays, also using CAT. I profited 0.04 on the AMP surge the other day using only 0.01BTC initial buy, plus additional 0.03 gains on trading other coins. However, if you'd look at BittrEX today, most of the coins with volume are bleeding red. In the end I lost about 0.05, so just a little profit but yes, a lot has been learned.

Krayshock

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I use YoBit at the moment since that is where I get my btc for trading (see signature campaign)
I'm planning to put more btc to bittrex and poloniex

BTCLovingDude

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BTC to the moon is inevitable...

i also use bittrex for trading altcoin and it is mostly because i used to trade on poloniex and since they changed their rules i switched my exchanger.

Nimbulan

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Quote from: BTCdoaA on January 25, 2016, 06:04:57 AM

Hi

As All we know that trading is the best way to make and earn extra income of BTC , But many of noob enter this world without experience !!
So i will start by my self .
i don't have much experience to share but here is mine :

- i use bittrex for trading bitcoin to alt coin -(Better to use only trusted exchange with a huge no of sellers\buyers )
- I always look at the thread of the coin that i am going to buy .
- i am not greedy so small profit is good for me per day.
- Just follow other - for a short time only (Demand)
waiting for your experiences and advises .

Thanks

good that you are okay with small profits, it is good to start trading with them, and you have to keep eye on price lots of times in one day because price can change a lot in one day, buy when price is small and wait for small price rise, then sell them, and wait for price fall again, this way you will get profit

Krayshock

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Quote from: kyrios_ on April 03, 2016, 09:58:32 AM

Quote from: Master_dandosha on April 03, 2016, 09:52:39 AM

Quote from: Krayshock on April 03, 2016, 08:24:38 AM

Well, I made $20 after 5 days and I just started at $1. Seriously. What I did is I researched a lot in every single coin with high volume. Then I invested on some potential coins that might raise asap. I chose those coins with high volume w/ low price (ex. PEO, which is trash right now btw, @ 9 sats) then I tried to put a hype (which turned out to be effective) and many people bought the coins. After earning, I know that people are gonna dump the coin so I never came back to PEO anymore.
You see, this is about making a hype or riding with the hype
Actually, the ultimate key to earn is to buy low and sell high. It might take days, but it's all worth it as long as the coin is not going to dump w/in 96 hours or you're dead

Totally agree with you . the key point you did is research -deep research about the coin . even if you loose after some dump definitely the coin will raise again because it has potential.
Thanks for sharing experience.

what kinda characteristics do you look at

You can check out the altcoin section of this forum and some blogs. They may give you tips on how to predict the market flow of the altcoins and you may check the dev's activity here in the forum since usually devs post here to introduce and advertise their coins before, during, and after the coins are listed to the different cryptocurrency trading platforms around.

yenxz

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Quote from: BTCdoaA on January 25, 2016, 06:04:57 AM

Hi

As All we know that trading is the best way to make and earn extra income of BTC , But many of noob enter this world without experience !!
So i will start by my self .
i don't have much experience to share but here is mine :

- i use bittrex for trading bitcoin to alt coin -(Better to use only trusted exchange with a huge no of sellers\buyers )
- I always look at the thread of the coin that i am going to buy .
- i am not greedy so small profit is good for me per day.
- Just follow other - for a short time only (Demand)
waiting for your experiences and advises .

Thanks

bittrex is most popular altcoin exchange,many people use it,and i have good experience there,i have many time trade altcoin and get many profit,Neucoin is the best altcoin for me to give profit on bittrex,but now neucoin price is really bad Sad

kyrios_

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Quote from: Master_dandosha on April 03, 2016, 09:52:39 AM

Quote from: Krayshock on April 03, 2016, 08:24:38 AM

Well, I made $20 after 5 days and I just started at $1. Seriously. What I did is I researched a lot in every single coin with high volume. Then I invested on some potential coins that might raise asap. I chose those coins with high volume w/ low price (ex. PEO, which is trash right now btw, @ 9 sats) then I tried to put a hype (which turned out to be effective) and many people bought the coins. After earning, I know that people are gonna dump the coin so I never came back to PEO anymore.
You see, this is about making a hype or riding with the hype
Actually, the ultimate key to earn is to buy low and sell high. It might take days, but it's all worth it as long as the coin is not going to dump w/in 96 hours or you're dead

Totally agree with you . the key point you did is research -deep research about the coin . even if you loose after some dump definitely the coin will raise again because it has potential.
Thanks for sharing experience.

what kinda characteristics do you look at

Master_dandosha

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Quote from: Krayshock on April 03, 2016, 08:24:38 AM

Well, I made $20 after 5 days and I just started at $1. Seriously. What I did is I researched a lot in every single coin with high volume. Then I invested on some potential coins that might raise asap. I chose those coins with high volume w/ low price (ex. PEO, which is trash right now btw, @ 9 sats) then I tried to put a hype (which turned out to be effective) and many people bought the coins. After earning, I know that people are gonna dump the coin so I never came back to PEO anymore.
You see, this is about making a hype or riding with the hype
Actually, the ultimate key to earn is to buy low and sell high. It might take days, but it's all worth it as long as the coin is not going to dump w/in 96 hours or you're dead

Totally agree with you . the key point you did is research -deep research about the coin . even if you loose after some dump definitely the coin will raise again because it has potential.
Thanks for sharing experience.

kyrios_

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Quote from: ashkanb on March 27, 2016, 11:42:37 AM

in my experience, the fundamentals of trading altcoins is the same as trading every other asset that has ever been, since people invented trading;
invest some time in studying fundamentals of trading, read every good book you can find.
anyone can easily find beginner or specialized lists of books online everywhere and most of them will be available as pdf downloads.

trading fundametals involves looking at the fundamentals of the asset. for alt coins, anyone knows what fundamentalsare there to look at

Krayshock

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Well, I made $20 after 5 days and I just started at $1. Seriously. What I did is I researched a lot in every single coin with high volume. Then I invested on some potential coins that might raise asap. I chose those coins with high volume w/ low price (ex. PEO, which is trash right now btw, @ 9 sats) then I tried to put a hype (which turned out to be effective) and many people bought the coins. After earning, I know that people are gonna dump the coin so I never came back to PEO anymore.
You see, this is about making a hype or riding with the hype
Actually, the ultimate key to earn is to buy low and sell high. It might take days, but it's all worth it as long as the coin is not going to dump w/in 96 hours or you're dead

Master_dandosha

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I am happy that you came with the main point in trading in every exchanges it is the same : Never GET into high pumped coins unless you see from a point of view that coins will get more development or advance technologies
Here Some post about shit coins
https://bitcointalk.org/index.php?topic=1411810.new#new

alyssa85

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I'd say the main thing is to stay away from coins being pumped. You'll end up over paying and being a bag holder. The only people who profit from pumps are those who accumulate the coins well before the pump started, and they profit by essentially then selling to people who have jumped in due to FOMO.

Herbert2020

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i use bittrex for my altcoin trading too. because i am used to it from the beginning and it is a decent pace that i can trust.

in trading it is so important to set limits for your loss and profit that you can get and then more important than that is sticking to those limits.

also always keep in mind that usually when random people are suggesting a coin to you for investing it means it is bad or late to do so.

ashkanb

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in my experience, the fundamentals of trading altcoins is the same as trading every other asset that has ever been, since people invented trading;
invest some time in studying fundamentals of trading, read every good book you can find.
anyone can easily find beginner or specialized lists of books online everywhere and most of them will be available as pdf downloads.

talkbitcoin

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Quote from: MedaR on January 28, 2016, 11:23:13 AM

There is no super manual how to success trading alts..
Just watch topics for possible updates or hypers groups.
Twitter have power to pump coins and many notorious groups using it to achieve their plans.
Alts are very risky, and you need more luck than knowledge!

this has a big problem associated with itself.

all of these groups, twitters, hypes, even users telling you ...coin is good right now will say this "after" or in best case scenario "during" the pump.

so by the time you get the so called news, and decide to open the exchanger website and place your order it is already too late and you are buying into their sell orders that have been placed long before you hear about it.

RealPhotoshoper

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Quote from: BTCdoaA on January 25, 2016, 06:04:57 AM

Hi

As All we know that trading is the best way to make and earn extra income of BTC , But many of noob enter this world without experience !!
So i will start by my self .
i don't have much experience to share but here is mine :

- i use bittrex for trading bitcoin to alt coin -(Better to use only trusted exchange with a huge no of sellers\buyers )
- I always look at the thread of the coin that i am going to buy .
- i am not greedy so small profit is good for me per day.
- Just follow other - for a short time only (Demand)
waiting for your experiences and advises .

Thanks

yes you right,so many my friends have extra income from trading bitcoin-altcoin,they have better income than people who jon signature campaign.
and some couple of days ago,i start trading bitcoin-etherum in poloniex,just like what you do,i get profit 0.002 in one day,i'm not greedya and just put small amount for trade.

BTCdoaA

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Any new ideas or gained experiences in the current market .
Any coins to follow

BTCdoaA

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Quote from: gentlemand on January 30, 2016, 04:11:07 PM

If you really have to do it, and I won't, then volume is your friend. I've seen people excitedly proposing jumping into coins that have risen hundreds of per cent. When you look at the volume it might have been the equivalent of $40 that day. You're not going to make your fortune on that basis.

Thank You Dear for this good advises ,
It is complicated guys
Thanks

gentlemand

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If you really have to do it, and I won't, then volume is your friend. I've seen people excitedly proposing jumping into coins that have risen hundreds of per cent. When you look at the volume it might have been the equivalent of $40 that day. You're not going to make your fortune on that basis.

n691309

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Quote from: BTCdoaA on January 25, 2016, 06:04:57 AM

Hi

As All we know that trading is the best way to make and earn extra income of BTC , But many of noob enter this world without experience !!
So i will start by my self .
i don't have much experience to share but here is mine :

- i use bittrex for trading bitcoin to alt coin -(Better to use only trusted exchange with a huge no of sellers\buyers )
- I always look at the thread of the coin that i am going to buy .
- i am not greedy so small profit is good for me per day.

waiting for your experiences and advises .

Thanks

If you check in the coinmarketcap you can see that most of the altercoins have been increased too much, ETH has been increased too. Bittrex and Yobit and Poloniex all of them are good.

BTCdoaA

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following CapriCoin (CPC) at the moment in Bittrex , i gain some profit But really : I don't know what interest other in this coin Even it has no organized thread or techniques.So this need no experiences or knowledge .
Just i followed others.
Thank

BTCdoaA

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Thank YOU all for this valuable advises and experiences .

BitTyro

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Aside from being patient in trading altcoins, you may want to open different positions in your buy or sell orders. Dont just buy or sell all at once. You may also want to keep and extra btc to buy large if the chart will take a sudden plunge. Trusting your instinct when to buy or sell will also help.

Rubberduckie

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I have heard of pump and dump crews on twitter where a whole bunch of people
buy at once then get out and have it drop but they make a decent amount before
dumping.

seems risky to me

The Sceptical Chymist

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Quote from: BTCdoaA on January 25, 2016, 06:04:57 AM

Hi

As All we know that trading is the best way to make and earn extra income of BTC

I vehemently disagree with this. Trading is a great way to lose everything you have and is super-risky. I don't think it's the best way or even a good way unless you have a lot of experience. And most people don't, and it's hard to have experience in crypto trading, as the whole game has only been around for 6 years or so. I traded some DOGE yesterday on Yobit and made a slight profit but I had to wait a while for my orders to get executed and I honestly wasn't certain that the market was going to go up at all. Luckily it did but it could easily have gone the other way.

kyrios_

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If you are looking to invest longterm in altcoin? What fundamentals do you look at?

Patatas

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Its good that you're not greedy and suffice yourself on small profits.Keep it up.Usually the rule is pretty much the same in all the trading techniques .Buy when the demand decreases and sell when the demand is in the hike.Next Question Would be : How would you determine that ? By experience and studying the patterns ,charts,compare,statistics of the particular coin and see how the value is increased .Keep btc prices on the note.Basically just keep analyzing the price differences between the alt and btc.At the right time,exchange them or buy more.

MedaR

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There is no super manual how to success trading alts..
Just watch topics for possible updates or hypers groups.
Twitter have power to pump coins and many notorious groups using it to achieve their plans.
Alts are very risky, and you need more luck than knowledge!

Master_dandosha

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My experience is to buy a good coins at reasonable price and wait for it to reach the sell order even you wait one month forward .
good luck all

BTCdoaA

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Quote from: maokoto on January 25, 2016, 09:31:53 AM

Perhaps what I am going to say is too basic, but it has helped me a lot: Patience in trading is quite important. You can get better buying and selling prices by waiting a bit, and not just dumping to the bid price or buying at the ask price.

If you are in a hurry to buy some coin, put an order a little lower than the ask price. If you are in a hurry to sell, put it a little higher than the bid price. If you are not in a hurry, put it still lower or higher.

I would have saved lots of money if I had done that from the beginning. It is hard sometimes, you just want to buy or sell ASAP (and perhaps there are times that you need to) but you will almost always be better if you wait a little.

Many thanks maokoto for the useful advice which is really touch what i am doing right now , i have no patience at all and it is very hard to stay in waiting status so this lead me to loose plenty of BTC .
SO the important key here (....Patience in trading is quite important....)
I will try ..Thanks again

Quote from: densuj on January 25, 2016, 07:08:33 AM

So it is about alt coin trading. My experience is i must know analysis tecnical or point of support and resistance and i must trade on coins who has liquidity,volatility, and growth. Becarefull with shit coins. That is my short experience.

Thanks shit coins is much more these days .Good one

maokoto

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Perhaps what I am going to say is too basic, but it has helped me a lot: Patience in trading is quite important. You can get better buying and selling prices by waiting a bit, and not just dumping to the bid price or buying at the ask price.

If you are in a hurry to buy some coin, put an order a little lower than the ask price. If you are in a hurry to sell, put it a little higher than the bid price. If you are not in a hurry, put it still lower or higher.

I would have saved lots of money if I had done that from the beginning. It is hard sometimes, you just want to buy or sell ASAP (and perhaps there are times that you need to) but you will almost always be better if you wait a little.

densuj

legendary

Activity: 910

Merit: 1000

So it is about alt coin trading. My experience is i must know analysis tecnical or point of support and resistance and i must trade on coins who has liquidity,volatility, and growth. Becarefull with shit coins. That is my short experience.

BTCdoaA

hero member

Activity: 910

Merit: 500

Hi

As All we know that trading is the best way to make and earn extra income of BTC , But many of noob enter this world without experience !!
So i will start by my self .
i don't have much experience to share but here is mine :

- i use bittrex for trading bitcoin to alt coin -(Better to use only trusted exchange with a huge no of sellers\buyers )
- I always look at the thread of the coin that i am going to buy .
- i am not greedy so small profit is good for me per day.
- Just follow other - for a short time only (Demand)
waiting for your experiences and advises .

Thanks

Topic: The Art of Trading BTC to ALT Coins-Share your Experience for Noob (Read 3579 times)