Bitcoin Forum

Hello guys,

am new in the CryptoCoins.
I have gathered some coins from faucets and some mining. I have like 30+different coins, like 1337,BunnyCoin, IFLT, Espes etc... What i wanted to ask is what would be the best approach to trade this coins for BTC?
For example i was thinking to trade them all to LTC/DOGE and than later on trade LTC/DOGE with bitcoin. Is this a good approach, or is there i can use any other ways?

Thank you

1st if you want to trade on Altcoin , you should know about technical analys
it will help you to buy on low and sell on high..
i usually trade ALtcoin/BTC not alt with Ltc or Doge

Indeed, in trading activities will require technical analysis and know price movements that will occur in coins we will trade, and I think all the coins that have good potential in the market will be feasible in trading, but of course we have to analyze price movement of coins by collecting some data Which can to support our analysis, in determining sale and purchase transactions. Of course this is to minimize losses from trading activities.

In my opinion, it's better to exchange your altcoin first with bitcoin. After that you will more easily trade between btc-altcoin
Choosing altcoin for trading is not easy, but by analyzing the supply, volume, active developers ,,, this will be a consideration for you to not regards buying altcoin and in the end you will lose  ;)

yes i agree with this comment, for trading we must analyze altcoin first, you need know update development coin, volume and community. if coin have good development and community will be long term profit not b shitcoin

In order to choose a good altcoin,you have to do technical analysis,see its market cap,see who are its developers,read the ANN thread,road map and then decide.Also see the previous price movement of that coin.

If your coin has bitcoin pair and just used them all to trade with the bitcoin pair. never try to convert your amount to the another form if your cocin can't covered the fees. I mean it will make you pay more to trade another coin. But just try to convert your coin to the doge if you can.

I think that's a good idea because by turning it into a doge it seems like transaction costs will be cheaper, if compared to some other coins

agree, the advantage of any coin/btc have high volume and can even get profit 500-1000%.
In addition, the downside of trading in addition to any coin/btc, devotees are not so much, so it is difficult to increase or get greater benefit from trading any coin/btc
 

mining it and sold it quickly ,get the money in your hand

Yes I agree with you, better transfer your altcoin to btc and start trading using btc, If you have already redeemed your altcoin to btc and immediately look for altcoin that has a future.
This way you can make a profit.

Yes that's the way I always use, if you do it like that then you will quickly feel the benefits.

I think it will be very difficult, trade bitcoin using altcoin Because you have to spend a lot of capital, not to mention if the altcoin you hold is experiencing a price reduction

all altcoin can be traded with bitcoin, for good profit if you knwo how to trade, i would not advise to do what you want to do because you are only losing money, i don't like the pairs with alt/alt, i always trade with alt/bitcoin, to avoid losing too much in fee