Bitcoin Forum

Hello guys.
I am creating this topic for those who are or want to become traders .
aiming at maximizing our profits mainly in poloniex site .
let's get to it then. the purpose of this topic would be the good tips of experienced traders about cheap coins that are promising in the near future , as are those that provide a greater profit margin.
We get the tips and we can all swim in bitcoins .
success for us!
CYA

Tip #1: Don't store your coins in somebody else's wallet.

Wait for 1 confirmation unless you really trust someone

Don't trust hookers

Always check the wallet address twice before sending

The only thing that cannot be scammed/reversed is someone putting cash in your hand.

Count the cash twice and use a counterfiet marker and light on it

This thread is worth to watch, if there's a experienced traders who can share us more deep info about how trading works and idea what would be the next alt to be build up, things that webcam secure our capital to gain more, as of now I'm just trusting my little strategy with trading a buy low sell high strategy with a good margin difference. I'll keep checking this one from time to time thank you for opening this even their are already similar topics out there polo might be a good venue to start with.

You could start by giving a tip as your first post .As recommended by everyone ,create a secure wallet first.

Something from my end :- Never invest in shitcoins.

why do you know it is shitcoin, sometime must risk to reach high profit

Shitcoins are those which are copy pasted from old algos ,nothing new is being offered.Definitely,ETH or LISK is something else but investing in other coins is waste of time and money.I'd say just stick to btc and get off the concept of alternate currencies completely.

Don't panic sell and have some patience and actually look at how the market is performing instead of blindly investing into Bitcoin. Don't make yourself be that "When I sell the price goes up, and when I buy the price goes down" clown.

Create a secure wallet,have some strategy in what you're doing,don't just go for anything you see,track the progress you've made if you have,look around for good investments,that's some good tips.

Just join poloniex couple days ago, my question is how can i know if there's a new coin open for trading market? suddenly i see new coin and the price was already risen

They post all News about site on News feed in botton right layout. Just look all time when you login. Probably they has a newsletter to email, check it out and confirm

By the time you know there will be a coin listed there it has already been pumped significantly making you buying basically too high. It's basically the same with coin pumpers. They first buy at low prices and then announce the pump where people like you buy their expensive coins and making the price go up.

Well then you can't be a trader with such tip as you would have to store the coins to an exchange site for you to be able to trade. Its what hinders users from learning to trade actually, if you are too paranoid to store your coins maybe you should start with yobit and earn your btc from signature campaign. this way those coins you've earned are the ones you can use to start learning to trade.

#1 Don't panic when the price drops and you notice that you're going to incur a loss.
#2 When you earn a minimum of 20% profit, it's wise to sell and then buy again.
#3 Don't use one wallet where all your coins are saved.
#4 If using a trading website, you can use the TP or SL options.

you need to gain the trust of your customer first so at first build a good security the have some tips and giveaway to gain the trust for sometime and then start the profit you will see that all what you give for free will return with more profits.

1) Install kaspersky internet security, and stay updated.
2) never click advertisements, better, install adblock plus
3) don't use too many pirated softwares, you never know if there is a secret btc miner in the code
4) be kind to each other, like you live your last day on  earth.

I think a hidden BTC miner is the least to worry about when getting infected. Viruses nowadays are more pointed at finding wallet files to steal your coins. Which makes using a strong passphrase for your wallet files even more important.

good to create this thread,but i dont see any benefit from this thread,becasue i just see any debate about trading altcoin,at first time i think you will share with us cheap coins that have potential to grow up and make me interesting to buy it and wait for the best price. upset  :-[

for #1, I always panic when the price falls and immediately cut lose, but I have a back up to buy when the price falls, so when prices rise I did not get the loss. because if sometimes we do not do cut lose, we could lose more.

Know your transaction partner making sure that they're trusted one's.
And it is better if you're dealing with legit companies.

Yes. Panic is major cause for lost money. Just be patient and w8 the price get pump. Ever happen.

Thats true.
Price probably always will rise again..
So if price drops.. dont panic and wait..

i think that main and probably most important  rule of trading is to buy cheap and sell expensive, because if you won't do this you won't get profit at all, so it is pretty important

and other rule is to don't sell your coins when price will fall be couple of $, because it will fall for sure, but also bitcoin price will rise again, so you just have to wait for good moment to sell

When choosing wallets, paper wallet is the safest.

not really, the safest thing is not the wallet itself, is the behaviour of the owner of it, there are somesecurity issue concerning paperwallet when printing, those same security are not present in a usb stick for example

one of the most important tips that i can give you when it comes to trading in this market is that if you read a random comment from a random user on this forum or any other social media for that matter, don't act on it. because they have other purposes when telling others to buy/sell

Who gonna make invest on DAO? They politics are good and probably gonna be a big success. Ill buy some tokens and wait the profit. 1 eth = 1000 tokens before 15 may

Yeah, need to be careful, really do your own research, other people words can become your guidance but not to believe 100%, and dont do panic buy, i lost quite a lot when i bought coins in panic mode, and to be trader you need patience, skills and luck

1Eth = 100 tokens not 1000.

Well, i make a wrong note, i trade 0.01 BTC in Eth, then buy DAO. This return me 48 tokens. I hope DAO get a minimum 0,25 cents in lauch.

i have some tips that i can give too, to be a good trader and to earn profit you should buy any currency when it is cheap and sell when it is expensive, this method works everywhere

and other tip is to don't panic and don't sell your coins when their price is small as you will lose potential profit, and of course don't share your wallet codes as you might lose everything

Buy at low price and sell while the price increase is the common strategy put forth by most users. To involve in such trading you need a platform. Better choose that to be localbitcoins.com, it has got the easiest method of finding buyer and seller with good profit margin according to the traders requirements.

tips from me just try not to panic, panic is the thing that makes you regret. Never panic, you must believe.

Good advices i am only trade coin with a high volume in every exchanges

Many factor on trading who must we learn for first time, but i can not give simple explaining.

First of all don't invest more than you can afford to lose, second set goals and target prices for each trade, learn how to read charts, don't set stop losses under $20 and last but not least don't keep unprofitable positions open for longer than 24 hours.

Also an important piece of advice would be to never invest more than you're willing to lose, and try and focus on the long term yield to prevent selling with a loss.
Security is also important but that has been mentioned already :)

my tips to you is be patient and don't panic when the price become low, wait it to be high, so if you panic you lose money try to be patient in trading , patient is the key to become a succesful trader  ;)

Yeah, if youu buy a trust coin in low price, just wait, the coin gonna rise again and up ur price.
Dont panic, never!