As usual, buy low, sell high. Learn to read the trends.
More importantly, diversify your trading. Look out for good bargains and get an idea of what those altcoins are involved in. Some are quite mature and might not move much, others have good room to grow, and some are just dirt cheap to buy and hold.
Topic: Very new in trading but would like to make a profit (Read 2441 times)
I have been around the Bitcoin area for quite some time but never really delved into investing in it up until recently.. I see there are alot of ways people are making there profit but I would like to make mine through trading but just dont understand it much.. any help or advice on how to start making it somewhere with BTC is greatly appreciated
Trading its simple dude just buy low and sell at higher price. I suggest start with a small capital and trade bitcoin/altcoin for the BTC/ALT even with small capital you will be profit. For further learning, you can use the trading board discussions in this forum. And keep in mind, use only money if you loss that money you will be ready
thank you 
I see many talk about altcoins. What is that? where to get it? whats the benefit out of it? I am not sure whether this is a silly question, but i am new to your terminologies... Kindly assist me on this please...
Altcoin is just a alternative cryptocurrency to the bitcoin. There are so many that exist today.
You can read some Altcoin announcement here. Where the new Altcoin publish their launch.
IMO, the only benefits you can get is by trading it to bitcoin. Sometimes, you'll get a big profit and sometime don't. It just a matter of knowing on what coin to invest/buy.
Hi Dude,
Thank you so much. Am i on your track in understanding? I need to buy/invest in any altcoin and wait until that particular coin gets higher rates and then i sell it for higher price. This will make me a good profit. Am i right dude?
I see many talk about altcoins. What is that? where to get it? whats the benefit out of it? I am not sure whether this is a silly question, but i am new to your terminologies... Kindly assist me on this please...
Altcoin is just a alternative cryptocurrency to the bitcoin. There are so many that exist today.
You can read some Altcoin announcement here. Where the new Altcoin publish their launch.
IMO, the only benefits you can get is by trading it to bitcoin. Sometimes, you'll get a big profit and sometime don't. It just a matter of knowing on what coin to invest/buy.
I have been around the Bitcoin area for quite some time but never really delved into investing in it up until recently.. I see there are alot of ways people are making there profit but I would like to make mine through trading but just dont understand it much.. any help or advice on how to start making it somewhere with BTC is greatly appreciated
First thing you have to understand with trading is that nothing comes guaranteed. You won't make any profit without knowledge about the markets. Even if you do, there is a large chance that you'll lose instead of gain.
I suggest you invest in some altcoins that seem promising. And cashout once they are in a bubble situation. Buy low sell high.
I see many talk about altcoins. What is that? where to get it? whats the benefit out of it? I am not sure whether this is a silly question, but i am new to your terminologies... Kindly assist me on this please...
I have been around the Bitcoin area for quite some time but never really delved into investing in it up until recently.. I see there are alot of ways people are making there profit but I would like to make mine through trading but just dont understand it much.. any help or advice on how to start making it somewhere with BTC is greatly appreciated
First thing you have to understand with trading is that nothing comes guaranteed. You won't make any profit without knowledge about the markets. Even if you do, there is a large chance that you'll lose instead of gain.
I suggest you invest in some altcoins that seem promising. And cashout once they are in a bubble situation. Buy low sell high.
Trading is one of the best way to get grow your bitcoin or make a profit. One of thing you need to remember is buying altcoin at a cheap price and sell them in a higher price some times getting a profit can take a couple of days or week depending on the traders but for me it's worth to wait because aside from it safe, you are the one who will hold and control you bitcoin.
first of all you should be learning about trading and do not started trade before you sure and understand the knowledge and to prevent big loss tried to trading with small amount because on trading there is no guarantee you will earn profit from that even traders expert has ever experienced to loss
Trading is an easy way to get profit, but too risky to a newbie. Becareful of it, read some books or try to browse in internet or BE AN OBSERVER to get ideas on how it works.
Honestly im not professional in trading but i can give you a tip.. first you should study how trading works and you must research first before you buy altcoin make sure that buy orders are many before you buy the altcoin.. so that you are from shitcoins,, and also if you buy an altcoin do this step..
Sell 30% set it for a little bit high for the real price in and 30% sell it high to the first setup and the last 40% set it to highest price you want.. so that if the altcoin will still continue to rise you can still get more profit..
Sell 30% set it for a little bit high for the real price in and 30% sell it high to the first setup and the last 40% set it to highest price you want.. so that if the altcoin will still continue to rise you can still get more profit..
If I were you, I would start reading some books about trading and watch videos about it. Then try it on your own with smaller amounts.
Not much books are there to read and understand the tactics of bitcoin trading. It looks to be very difficult to find one such book. Can go for books of making business which can be implemented in bitcoin trade.
Yes there are very less books available...what i suggest is if you know someone who is using it try to learn some tactics from them.....read more on this site and go through with the comments who are using it so you will get valuable information.
If I were you, I would start reading some books about trading and watch videos about it. Then try it on your own with smaller amounts.
Not much books are there to read and understand the tactics of bitcoin trading. It looks to be very difficult to find one such book. Can go for books of making business which can be implemented in bitcoin trade.
As far as My experience on trading over a year , All I can say that I'm "noob" for it. As we know , trading is unpredictable and quite unstable compare we play on real forex trading for example. But whenever it is, we just to make sure that always trade on how much you afford to lose.
I'm usually watch 1 or 2 altcoin by watching it's graph, so I decide buy it low and sell it high no matter how long they are
I'm usually watch 1 or 2 altcoin by watching it's graph, so I decide buy it low and sell it high no matter how long they are
If I were you, I would start reading some books about trading and watch videos about it. Then try it on your own with smaller amounts.
There was a time when I used to check Bitcoin price every few minutes lol, these days I do my trading a little differently. I buy when the price drops, for instance Bitcoin dropped to $400 not so long ago and I consider this a nice price to buy at. Then I'll just set a sell order at a reasonable price, say $425 and forget about it. Rinse and repeat. It's probably not the ideal way to make the most profit but it's less stressful and it works most of the time
Of course it's better if you have at least 1 Bitcoin, if you do this with a very small amount, profits will be negligible.
Of course it's better if you have at least 1 Bitcoin, if you do this with a very small amount, profits will be negligible.
if you don't know technical analysis, it is a good idea to take a look at what it means and study a little bit about it. doing some analysis of the market can help you decide better about the actions you want to take in some cases.
If you want to trade, I would suggest you put a small amount of bitcoins into alt-coins. You will have a much better understanding of how things works once you start conducting various buy and sells orders. (Market-Buy/Limit Buy) or (Market-Sell/Limit). Once you are familiar with executing a few trades, I would recommend trading bitcoins. Keep in mind what you put down as initial capital to invest might be lost completely, so take trading with caution.
Make every move in trading with caution. Only then you will be successive. One of the major factor is the atleast a small capital is needed to enter into trading as I found few trading sites with certain limitation.
If you want to trade, I would suggest you put a small amount of bitcoins into alt-coins. You will have a much better understanding of how things works once you start conducting various buy and sells orders. (Market-Buy/Limit Buy) or (Market-Sell/Limit). Once you are familiar with executing a few trades, I would recommend trading bitcoins. Keep in mind what you put down as initial capital to invest might be lost completely, so take trading with caution.
Search on the bitcointalk and follow some interesting alt coins.buy some, w8 and have some faith 
I started with Dash, and even if they are not high earnings are more and more of what I invested
I started with Dash, and even if they are not high earnings are more and more of what I invested
Yeah i am also tried making some profit in yobit fast growth in altcoin and you can easily understand the concept of the site..
But there's many shitcoins in yobit.. so beware to buy shitcoins better to research first and watch the fluctuate of the price of altcoin..
if you want to seriously in altcoin trading, im suggest you to use poloniex, it's a biggest altcoin trading at today. Im trade at poloniex and i make arround 2btc/mnonth.
Jump to: