Topic: What's your strategy when buying altcoins? (Read 3710 times)

Thanks for the response. I've read all your response, seems all your message was worth reading for. As of now, im buying coins worth to trade of, so in the future i can earn  more btc.

Just dont invest on those ones with a robotic pump. I have seen it fall so many times and most of them are really scam. Beware of them. I havent seen one with that kind of thing that is legit.

When I used to attempt to day trade on Yobit, I'd usually look at which altcoins had recently been doing well but suddenly tanked.  I figured they were due for another pump, and sometimes I got lucky.  I think I made like 0.2BTC on a single trade, and that's considered a huge win for me, because I don't like to gamble big on altcoins.  They're waaay too risky, and I got burned on ETH and some others.

And some others, like doge and Dash I bought just to hold on to.  Don't ask me why.

I just know about buying at the low price and selling high, price and I don't take the another factor or reason from that. too many think about the strategy will just make me feel complicated and confused, and the simple goal of me just for gaining profit.

I tend to steer clear of altcoins these days - though I occasionally get the urge to buy Litecoin.

ETH looks tempting but it seems to fluctuate a lot, so I would probably need to increase my exchange activity to leverage my BTC holdings.

Could work but not for all.
I go with the volume of one altcoin.
Example was WAYcoin back when I have some. Bought it at 25sats per WAY then sold it for 60. With just a little time. Take the risk also.

Buy on rumor. Sell on fact.


(Little known secret)

There isn't any strategy,just make sure the coin has a bright future and a brighter development team.For me,the coins ICO and introduction speaks a lot about its existence.WhitePaper too!If the ICO runs successfully without the project getting dumped,I already start believing in the coin.

My strategy ain't good enough to share im just basing on what site or what alt coin are the buy the most some indo are good in dumping and pumping coins realy love them when they pumling coins because it sign of sure earning buy what they going to buy then sell .

i buy big amount of altcoin that are worth shit, so i can have a better chance for a bigger reward, and you calso invest in many if them because they are very cheap

the strategy for trading is always to buy low and sell high. the only thing that i add to it is that i never buy any coin that i don't like. i have to check the coin first and see if it is really a coin with potential or a high risk coin with lots of manipulation and risk of dump.

so by eliminating these types of coins i am reducing the risk of my trades by a lot.

My strategy in buting altcoin is when the price is very cheap and waiting for the price to increase thats-the most-thing you want to learn? , and most of all joined-in group that their topics are all about cryptopcurrency-when they gonna buy and when they gonna sell

Thats true. If a coin has a hype and already increased for 100% or whatever you are too late. The chances that it dumps back are higher normally than that the pump hold on.

Never ever buy into the hype! I've heard so many stories of people losing out on dumps. Do your research on EVERY coin you invest in so that it becomes a habit. In regards to newly releasing coins, check exactly what they are offering. Many coins are just clones of Bitcoin which have little purpose. If the coin had little purpose, why are you buying it? Altcoins like these are only made to make their owners rich.

Often new altcoins use buzzwords like "decentralised" to make the coin sound appealing. Take steem it for example. It is the complete opposite of decentralised, with all the influence and coins held by the owners and whales.

Hey Mate,

I would love to suggest to choose alt Coin from ICO by knowing their offerings and plans in details.
Shocked Right?
-> I am really saying in terms of short term staking. You can easily understand by their projection of investments through enrolling into ones signature campaign. its my strategy basically, i am enrolled into now ICONOMI sig campaign and gotta know that ICONOMI is offering Mastercard to its investors , So in my perception, this crypto-currency obviously came up with a plan to achieve something good and it also can be easily predicted that, there will be ongoing projects in very soon.
Perhaps, I will stake rather than selling these after receiving free coins which i will be offered after the campaign.

Now in terms of risk, The crypto-currencies with small investments along with didn't share any of their upcoming projects , or marketing plans/project shouldn't be invested for a long time. Though there will be the initial bump in after accomplishment of ICO but in the long run, it is sure to get lost some amount of money.

So before invest,
Please read out its NOW and THEN plans...

And yes in terms of short term staking, The more investments the more value it will achieve. So it will be great, After the announcement of Any ICO , please check its history and price and bumps, then just invest if it seems good to you. It will definitely have a good bump after the end of its second ICO programs. Then you can sell and enjoy the spread. So, you will be risk-free all the time.

With due respect please let me know by your points of View , I am new and always want to know something good from others.

Regards mate
 

 

Indeed trading must need patient to get profit but im Disagree about what single coin can pump..that mean like The best volume they can pump it.

Top 20 altcoin in coinmarket cap are really can be called best for tradings and staking but i think also we can earn money fast money for those ICO shitcoins since that coin are prone to be pump and boost easily by the devs and turn out price will soar high in their first week but those coins are not really recommended for long time staking since devs of shitcoins have shaddy intentions for their coins existance thats why i don't really hold alts in my pocket i just trade them quickly.

if you are 7/24 on the internet buy volatile coin, be always ready to sell it if the down is coming. hope u will find buyers 
if you would like to sleep in peace and enjoy the life, than buy stable coin with unique features 

They should need have a good skills in trading so that you can increase your bitcoins but if you dont know how to trade better to study it first..  the only thing that i can share is to buy legit coin that you can hold for a long time so that you can not be lose..
In the top 20 altcoin in coinmarket cap those altcoin are legit for me..

I like this comment, this will  enable you to minimize your lost.  But first of all do your research.  Browse the page of the coin you like, study it then decide which one you think will likely bring profit for you.  Of course you need to  know some basic trading skills too. It is a must for every trader.