"And, it cleans websites!"

I'm under the slight impression that this is just another thread where someone is doing his/her best in convincing no one but themselves that getting invested in Bitcoin is a bad idea. Well, no one is forcing you to invest into it Others like to, actually

Buy Low Sell High.

To know what's low and high you have to determine it yourself.
It's all about how you predict the market. if you think it's gonna be a strong day
then you can probably buy a below the 24 hr average in bulk and sell a bit lower than the highest ask.

That's what I used to do, got 30$ out of 12$ worth of alt coin back when NXT was inflating

funds for ISIS

The only way to make money trading to know more about the thing you are trading than the people you are trading with. If you trade based on charts or speculation or rumor, you are going to lose to the people that actually know what's going on.

Don't believe most of what other people say. They know a lot less than they think they know.

Don't get suckered by people selling stuff books and bots and get-rich-quick schemes. There is no successful trading strategy. Successful trading is opportunistic -- you see an opportunity and you take it.

Finally, don't fall for the pump-and-dump scams. If you aren't the one doing the pumping, then you must be the victim.

- Marketcap devided by number of coins equals price of a coin ... or: price of the coin multiplied by number of coins equals marketcap (logically)
- tradevolume devided by price equals number of coins traded
- look out for inflationrate. How many new coins are created per day/month/year? New coins mostly go to market. So inflation makes up the supply. And as we know demand AND supply make the price. If demand is consistently higher than inflation, coin theoretically goes up.
- In daytrading you sell when it goes down to rebuy more coins lower
- Looking at alltime graph or 1 year graph is certainly helpful to get an idea what potential the coin has (or had) and what the trend is (right now i think many coins can be found that are close to rock bottom)
- Tradevolume can fluctuate wildly day to day
- generally one shouldn't 'invest' in coins at all. I thought similar but it turned out that this place is full of scum, incompetence, vapourware and crooks and most coins don't live all that long. Maybe even bitcoin won't live all that long, who knows? Daytrading and swingtrading is what 80% of people do especially if you are a small fish that can't afford to, so to speak, make a coin his 'own bitch'.
- with small bankroll like you, often trading at the spread can be lucrative. You'll find coins with large spread on every exchange. Trading that spread profitable is also possible.
- if you devide daily tradevolume by daily inflationrate you'll get a metric that let's you compare all these coins directly. Think about this.  
- never listen to any adivce on this board. Everyone just wants into your pocket. Only trade according to your own research and judgement.
- newer coins are more risky and volatile than older coins.
- never buy based on promises or hype

In trading 90% of people loose. It is competition. Either you learn fast and make it to top 20% and later 10% and end up living off it or you're going to be erased in the long run. We've seen many people vanish here in the past year, many lost everything. (look at altcoin charts, some things are down 99,9%) Alts are volatile as hell. Good financial management and risk mitigation is where it's at. Never all in! Take some profits when possible. Don't be greedy. Try to cut losses early.

Observe how buyers rule until they are exhausting and slowing down and are engulfed by a large seller and then sellers rule until they are exhausted and are engulfed by a large buyer. That's the beat of the market.

Contrary to mayuyu:
Avoid speculation section. It's biased.
Don't cut your gains when you're sensible enough to read the market. Ride the winners to where they take you but pay attention and be alert to sell once the buyers are exhausting. Guessing tops and bottoms can be learned. You know you've achieved it when your medium sized marketorder frequently tends to tip the market. (godmode trader)


Daytrading 101 training can help. Controlling your emotions (fear and greed) is where it's at. Marketaction is a reflection of fear and greed aswell as hopes of the market participants. Learn to capitalize on fear and greed of others.

Most important: don't believe a word you read here. Trust nobody, not even admins.

Good luck

If you want to buy low sell high method, try to learn about trading analysis. Speculation section is good place to learn.
but watch out there are so many trolls there

My advice is set target of price that you want to sell your coin
if current price reach the target, just sell it. This is safe way for trading altcoin.
And set target for losses too, if your coin value decreased more than 30%, for example. just sell it without wait more loss
but be careful with greedy behavior, it will ruin your strategy

Hey man,
i trade every day and i can answer a lot of your questions. But it is not done wit a single post. I am sure you will get further question...

To start with, i tell you first. It's a good idea that you play around with a small amount. Putt the biggest part in cold storage is a good and safe choice.

Second, i like some of the coins you selected. And some i miss. But i would not all buy at the same time... And if you hold a coin for a longer time, it is an advantage if they are traded on different exchanges!

Third, you have to choose exchanges also where you trade your coins. Choose only one exchange for the beginning, to understand how it works. Placing an order, order books and trade history. As well read the graphs, but this is a part for it self. About graphs is a lot to learn, but not a need to understand the basics.
And later you will find out that you can buy on one exchange and sell on a other and that is profitable to use more exchanges.

As next, write all the things and trades you do in a excel sheet. I did it in the beginning and it helped me a lot to understand what i do. Sometimes it is good for remember something also. And it will show you, all exchanges provide different quality.

Yeah and i understand your question about the price really good. What is a low or high price. I can tell you, the way i trade there is the price is not very important! Because i try to hold the altcoins not for a long time. At best i buy and sell "at the same moment". Search for "arbitrage". if you buy a coin and hold it for a long time then you are invested in it. And if you are invested you should be sure that you have a good coin.
And see also here, i wrote something about my way of trading (on different exchanges).
https://bitcointalk.org/index.php?topic=1025442.msg11211078#msg11211078

Also i can tell you, it is a lot of learning by doing. I learned it all by myself, by reading, thinking and try out something.
Not all the provided data you need, like volume, price, market cap and many more. you will find out what is important for you and your strategy. a strategy you will build up after a while... you will see.

I think this should be enough information for my first post
Tell me your questions, i try to give answers good as possible.

Cheers  

 

Hmm thats strange coz i go to the tut site, maby you need to scan your pc?

Nice! Well done amigo!
Reminder for all: For the whole signature you need to be member i think. But add your at least your XMG walletaddress in your signature.
There will be some magical rain sometime! 

I am no Linux expert, but I am online at least. Joe will be unavailable for a time. Which bit are you stuck on?

I think it might be good to mine in that one! The Proof of Mining campaign will reward you with some extra XMG.