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Topic: Trying to daytrade alt coins - page 2. (Read 2033 times)

legendary
Activity: 950
Merit: 1000
February 27, 2015, 11:10:04 PM
#9
I have learned to be more patient than in the past, and the profits from a couple of big winners is much better than excessive "scalping" or daytrading. A combination of bigger and smaller trades can work really well.

re LTC:
Not too long ago it went up a full 50% in less than a day, so waiting through the dead time is worth it.
Any special coins you would recommend except LTC? I am ready to wait for a while, but less than a month would be nice.

I try to go against the crowd, and also avoid being on the wrong side of a huge move.
Primecoin (xpm) is something only a "complete fool" would be interested in right now, but it is probably set up for a 50%+ short-term up move.

Also, some of the older "failures" (i.e. PPC, Namecoin, Earthcoin, Devcoin, BBQcoin, etc) are good to buy low, since they have a following and are "almost certain" to eventually have a good % rally.... BUT you need to start slow and have BTC in place if/when prices go even lower.
I think it is more risky than buying the promising and popular altcoin. We don't definitely know whether they have following as they promised for some crapy altcoins! Or the following will attract investors' attention.
hero member
Activity: 574
Merit: 500
February 27, 2015, 11:01:20 PM
#8
I am considering to trade the highest volume crypto from the top 10 market cap (http://coinmarketcap.com) , which should be btc, XRP, LTC, Doge, BTS. They are accepted by most crypto believers and have highest liquidity.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
February 27, 2015, 01:34:50 PM
#7
I have learned to be more patient than in the past, and the profits from a couple of big winners is much better than excessive "scalping" or daytrading. A combination of bigger and smaller trades can work really well.

re LTC:
Not too long ago it went up a full 50% in less than a day, so waiting through the dead time is worth it.
Any special coins you would recommend except LTC? I am ready to wait for a while, but less than a month would be nice.

I try to go against the crowd, and also avoid being on the wrong side of a huge move.
Primecoin (xpm) is something only a "complete fool" would be interested in right now, but it is probably set up for a 50%+ short-term up move.

Also, some of the older "failures" (i.e. PPC, Namecoin, Earthcoin, Devcoin, BBQcoin, etc) are good to buy low, since they have a following and are "almost certain" to eventually have a good % rally.... BUT you need to start slow and have BTC in place if/when prices go even lower.
hero member
Activity: 490
Merit: 500
February 27, 2015, 12:47:19 PM
#6
What's the deal with doge? Is there any vol on it that makes it suitable for daytrading?
Serious question, thanks
I've tried with doge it's tricky. There are millions if not billions of them out there so the volume is huge. However the hype for them is gone now, I can see it it's dropped from 60 to 57 today and it will propably rise to 60 again. But I dont think it will go up to 100 again within 1 year at least.
sr. member
Activity: 291
Merit: 250
February 27, 2015, 12:37:09 PM
#5
What's the deal with doge? Is there any vol on it that makes it suitable for daytrading?
Serious question, thanks
hero member
Activity: 490
Merit: 500
February 26, 2015, 08:52:45 PM
#4
I have learned to be more patient than in the past, and the profits from a couple of big winners is much better than excessive "scalping" or daytrading. A combination of bigger and smaller trades can work really well.

re LTC:
Not too long ago it went up a full 50% in less than a day, so waiting through the dead time is worth it.
Any special coins you would recommend except LTC? I am ready to wait for a while, but less than a month would be nice.
hero member
Activity: 490
Merit: 500
February 26, 2015, 06:46:55 PM
#3
Yes btc and ltc are very quite these days.
Lets hope for a big increase.
Something must happen soon!
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
February 26, 2015, 04:52:44 PM
#2
I have learned to be more patient than in the past, and the profits from a couple of big winners is much better than excessive "scalping" or daytrading. A combination of bigger and smaller trades can work really well.

re LTC:
Not too long ago it went up a full 50% in less than a day, so waiting through the dead time is worth it.
hero member
Activity: 490
Merit: 500
February 26, 2015, 04:43:46 PM
#1
I am trying to daytrade alt coins, it's not gong to well. LTC was the coin I used to go to, but it's not going up and down as much as it used to. Any tips for a newbie? Preferably would be a site which shows big drops fast.
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