I see that last couple of message have only been about newbies like me introducing themselves. No other stuff happening here.
How about people who have a bit of knowledge share a couple of tips for others?
I will start to get the ball rolling. Please note that I am in no way affiliated with any of these sites. I am just sharing what I found useful.
1. You can easily buy bitcoins using Zebpay/Coinsecure/Unocoin. Unfortunately it looks like at the moment we have to rely only on Indian exchanges to buy bitcoins. No international exchanges for Indians for now.
2. Next step could be that you want to grow your bitcoins. For eg. you might have bought 0.5 btc. Now yoy may want o increase ito to 0.6 btc and further.
The only way to do so (without putting additional money) would be trading with different altcoins.
You buy an altcoin when it is low, and you sell it when it is high, thus gaining a little more btc in the process.
3. Once you decide to start trading in altcoins, you need too settle on an international exchange to carry on the trading.
Here is a comparison of different exchanges:
https://blog.infinitemlmsoftware.com/top-bitcoin-exchange-list-2017/Please note that we cant buy bitcoins on international exchanges, but we can very well transfer our existing bitcoins (purchased from elsewhere like Coinsecure/Zebpay/Unocoin etc) to these exchanges and start trading.
The exchange you choose should depend on:
1. The altcoins do you want to trade in. Not all altcoins are supported by every exchange. Also trade-volume of each altcoin differs between exchanges
2. The transaction and trading fees of the exchange.
4. ChartsYou need a place where you can see the increase (or decrease) of multiple coins at once.
One such free site is:
coinmarketcap.com/all/views/all/
You can also look at:
https://cryptocoincharts.info/main/topsFlopsOne premium (paid) tool is CoinIgy. It gives you a lot of tools for in depth analysis of trends of different coins. They provide you with tools like candlesticks, waves, different studies like MACD, Bollinger charts etc.
MACD, Bollinger CHarts etc are different forms of studies done to technically analyze different aspects of growth of a coin. Professionals use these studies to very accurately predict when the price of a goin is going to increase or decrease.
There are numerous tutorials online teaching how to study these charts.
5. Portfolio Managers:If you have a big investment, then you should NEVER put all your coins in a single exchange. Use different exchanges so if one of the exchanges gets hacked or shutdown, not all of your coins/money will be lost.
So for a big investment, you should be using the services of a number of exchanges.
But managing your invstment in different exchanges can become very tedious.
So you will need a portfolio manager which will help you look at all of your investments across different exchanges, from one place only.
Here are some of the most common portfolio managers:
https://www.cryptocompare.com/https://cointracking.info/http://coinfinance.com/http://CoinTrackr.comThis is all for now.
If you find my post is irrelevant to the thread, let me know and I will not post further.
On the other hand if someone finds it useful, then again let me know and I will try to add more information I come across.