Bitcoin Forum

I use https://coinmarketcap.com for looking for nice altcoins and usualy i trade ETC, then using http://cryptowat.ch/poloniex/etcbtc/1h  for make prediction of price. I hope it is give you informations.

there are a lot of good and nice alts to trade. I like to trade in 4 major alt coins.
1: Ethereum
2: Lisk
3: Waves
4: Litecoin.

but trading need to learn some basic tips and knowledge first. start with low investment first. and when you see it is profitable then invest more money.

Thanks @OrangeSeller for the input. I am looking at the above mentioned alt coins. However the movement is slow. So how do you invest, is it you buy  today and wait for the price to go up or any other methods?

Thanks @OrangeSeller for the input. I am looking at the above mentioned alt coins. However the movement is slow. So how do you invest, is it you buy  today and wait for the price to go up or any other methods?

Usually yes. we buy an altcoin and wait for the price increase and then sell. this is the basic and first rule of trading. but not only this. some time when we see an altcoin's price is dropping. then we also buy and save them. in that case the price will get up mostly. and one more way is buy from one exchange and sell them from another exchange or manually..
for example:
Litecoin price in yobit is 0.003Btc. and it is price in c-cex is 0.0032 btc. like this.
hope you understand.

Thanks for the input, and it's good to get this kind of information.

I have sent you PM about coinmarketcap, but it is depend on you, what will make trading are like ETC,ETH and another altcoins. So you must choose of the coins.

there are a lot of good and nice alts to trade. I like to trade in 4 major alt coins.
1: Ethereum
2: Lisk
3: Waves
4: Litecoin.

Now it is good time to start buying LTC again! ;)

Thank you @arbitrage, How to get this kind of information - that is how to know when to enter into a trade, is there any single provider or How?

I use https://coinmarketcap.com for looking for nice altcoins and usualy i trade ETC, then using http://cryptowat.ch/poloniex/etcbtc/1h  for make prediction of price. I hope it is give you informations.

sugest if your arbitrage trade altcoin you can compare price with coinmarketcap
in there complete volume transaction all exchanger market and  price coin

sugestion exchanger is good altcoin
1 poloniex
2 bittrex
3 c-cex

and litecoin added btc-e and huobi
ethreum added kraken

Because I like doing things the unconventional way, I decided to make a personal chart of altcoin prices on coinmarketcap.com. The chart helps me study the market behavior of coins and I've discovered that those unknown coins (XEM, DGD, EMC...) sometimes make a steady increase in price which can be tapped into.

I have been searching for some Altcoin trading tips provider, who can provide info to which coin to invest in and other such details. So can anyone here suggest a service.

And have anyone here used Haasbot and how useful is this in altcoin trading.

Thank in advance

If you trade alt coins on poloniex, you can try trading in coins who has price going up to 1%-2% and buying them then hold it, until you get profit and selling all of them. But you must becareful altcoins trading are high risk because there are many scam coins. So make sure you use idle money for capital.

i use coinmarketcap too beside of btcwisdom for btc, ltc and for fiat. and the most i use is from poloniex itself because i trading altcoin just in poloniex so i don't really use other provider.

oh btw, i don't use Haasbot and other bot because i don't like for now, but maybe if really need it, i will try it for just for fun.

I have the same question. It was in August 20, and yesterday (August 23) Litecoin was added on GDAX (Coinbase).
It is now in uptrend... Good call regarding Litecoin. ;)

I have two main trading "strategies".

What I do, among other things, is look for coins that have had previous boom/bust cycles, and aren't just brand new flavor of the month coins. Once I have identified the coins that have been holding pretty much steady, for a long period of time, near the lower end of the cycle, I begin to accumulate.

1) For example (completely hypothetical numbers), I'll use DOGE and LTC. These coins have existed for a long time, and have had numerous bubbles in the past, and both of these have been fairly steady at the current low levels for a long time (ideally you want at least 50% below the previous bubble price). I'm not saying DOGE and LTC are the only coins that meet these personal criteria (there are almost always plenty to choose from), I'm only using these as examples. Feel free to use any criteria for coin picking you wish. If you like ETC/ETH/DASH/XMR it works just as well, the important thing is to begin accumulating during the low movement, low price phase mentioned above. If the price shoots up before you begin buying, don't worry about it, again, there are almost always plenty of possible coins to choose from.

I'll then determine how much I want to "invest". So, for example, DOGE is currently around 40 sats, and has been there for at least a couple months. If I want to invest 2 BTC into this coin, I might use half of it to purchase now. If the coin goes lower, I can purchase more to lower my average cost. Eventually (and it may take many months), it should rise, and then I will distribute my holdings as I deem reasonable. I will usually be tracking all my buys at each price point:

500k DOGE at 40 sats
750k DOGE at 37 sats
etc.

Sometimes I will completely sell out if I am happy with a price increase, sometimes I will sell enough to "break even" one of the buys, and hold the rest for free "profit" at some point in the future. For example, during the last minispike a couple weeks ago, if I had the two purchases above, I may have sold say 425k DOGE at 48 sats to "lock in/even out" my 40 sat buy, then save the extra 75k in case the price increased further. Since it didn't, and is now back at 40 sats, I would possibly just purchase another 500k.

2) My second strategy is similar. I will find a good coin to buy, but is more of a longer term "play". I will use LTC as an example, since it is fairly "safe". However, this strategy technically can work with any coin that isn't a one-time pump/dump/dead coin, which is why I prefer longer term coins.  I will determine how much I want to spend on LTC, let's say 10 BTC. I then split up the 10 BTC into equal chunks, say 0.2 BTC, and set buys of whatever LTC I can get, at various levels. For example:

0.0005 LTC will get me 400 LTC
0.001 LTC will get me 200 LTC
0.0015 LTC will get me 133 LTC
~~
I will go up to a pretty high, potential top (say 0.04) and "spend" 0.2 BTC every 50k sats.
~~
0.04 LTC will get me 5 LTC
etc.

I would spreadsheet my buys as follows all the way to 0.04 BTC/LTC:
0.00050000    / 400
0.00100000    / 200
0.00150000    / 133
0.00200000    / 100
0.00250000    / 80
0.00300000    / 67
0.00350000    / 57
0.00400000    / 50
0.00450000    / 44
0.00500000    / 40
etc.

Bonus, since prices are really low right now, I can get 0.2 BTC worth of LTC (say 5 LTC at .00395) for a fraction of the price. So, I would buy 5 LTC (for my .0395 buy to resell at .04).

Alternatively, this method is biased to keeping BTC, and is relatively conservative. You can also bias it toward LTC, and instead have say 25 LTC at each sat level mentioned above, instead of 0.2 BTC.

If a buy level hits, I then move to sell them 50k sats higher. So, if I bought 50 LTC at .004, I would then "sell" them at .0045. Basically it's just a game of accumulation and distribution at each price 50k sat price point. My "profits" I will usually just roll back in, so eventually, I may have 0.25 BTC per level (which increases the profit per move). Or you can use your "profits" for other purposes. This method can be slower than method #1, but it is relatively "safer". I'm a long-term BTC believer, so I prefer to stay mainly in BTC (as opposed to fiat), and potentially increase my stash this way.

At lower price levels, where prices don't fluctuate much, you would have fairly high profits for each "hit", but it may be days or weeks between hits. At higher price levels, there is usually a lot more price movement, but the profit per "trade" is lower. If the price does get well above your initial buy in and bubbles, you can obviously just cash out and start over during the above mentioned accumulation phase (or move to another coin, etc.).

Overall, these strategies don't include any technical analysis, but it still keeps me "trading". Obviously these strategies may not work for everyone (they may be fairly conservative and too tame for some), but just the ones I prefer at this time.

If you have any questions, please let me know.

Just listen carefully many signs can be found on this forum
Im too long in this game so i can tell you when everybody sell wait for the floor and buy back. But this cannot be applied to shit-coins, only on those strong like LTC XMR,NAV,NXT,NAUT..

I use https://coinmarketcap.com for looking for nice altcoins and usualy i trade ETC, then using http://cryptowat.ch/poloniex/etcbtc/1h  for make prediction of price. I hope it is give you informations.

Wow, this is nice information for altcoin trader,
Btw, can you teach us here how about that site ? Step by step
What should we see in that site ?

I have been searching for some Altcoin trading tips provider, who can provide info to which coin to invest in and other such details. So can anyone here suggest a service.

And have anyone here used Haasbot and how useful is this in altcoin trading.

Thank in advance

I can recommend coindata which is good for fast trades.
If you're searching for early entry signals, send me a message.