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Title: New to Altcoin need help! Post by: to64time on July 06, 2016, 01:14:48 AM Hey all Im new to altcoin and was seeing if anybody could point me the right way or if anybody else that was new wanted to go a skype group w/ me and we could toss ideas off each other.....
Here are the questions I have so far 1. Bittrex the best exchange to use? 2. How to tell is an altcoin is a scam? 3. Are my coins safe on a site like bittrex or do I need to cold store them & how do u do that if its not bitcoin? 4. How do I find out about new coins coming out or is it best to buy coins that have been out and r more trusted? 5. What to look for with selecting a coin to buy? Ive never really traded stocks or anything so if anybody has tips links or other useful info send it my way! And is Bittrex the best exchange to use? Cheers Title: Re: New to Altcoin need help! Post by: tokeweed on July 06, 2016, 02:09:05 AM Hey all Im new to altcoin and was seeing if anybody could point me the right way or if anybody else that was new wanted to go a skype group w/ me and we could toss ideas off each other..... Here are the questions I have so far 1. Bittrex the best exchange to use? Personally I prefer Poloniex as there's more volume and some of the 'hotter' or 'in' altcoins are being traded there or want to be listed there. Quote 2. How to tell is an altcoin is a scam? This is what I think. Some projects at the start, mean well and really want to create something innovative and ground breaking. But something happens along the way that maybe what they're trying to achieve is technically impossible, and the fact that most of them hide this from the public make them labeled as scams. And rightly so, as this could be considered something like false advertising of a broken product. While others are outright scams from the start you just know it, no joke. Quote 3. Are my coins safe on a site like bittrex or do I need to cold store them & how do u do that if its not bitcoin? Don't store you coins in an exchange. Download the wallet of your respective coin and store it there. Quote 4. How do I find out about new coins coming out or is it best to buy coins that have been out and r more trusted? I personally don't like buying into ICO's. I wait for the coins to get listed, observe how well they do, then make a trade if they breakout. Quote 5. What to look for with selecting a coin to buy? High volume and liquidity. Quote Ive never really traded stocks or anything so if anybody has tips links or other useful info send it my way! Google is your friend. There are lots of trading articles online. Quote And is Bittrex the best exchange to use? Cheers Nope. Poloniex is at the moment. But this changes from time to time. The altcoin scene is very dynamic. Title: Re: New to Altcoin need help! Post by: to64time on July 06, 2016, 02:12:23 AM Thanks a lot for the answers!
Title: Re: New to Altcoin need help! Post by: MarsResident on July 06, 2016, 04:54:28 AM I am new too can someone tell me how mining altcoins works
Title: Re: New to Altcoin need help! Post by: rigel on July 06, 2016, 05:25:36 AM I am new too can someone tell me how mining altcoins works It depends... Some alts can be mined, some have stacking, some have both. Just ask in the specific altcoin thread |