Advice needed! Buying, trading, and selling on exchanges

[LFC_Bitcoin]

Trial & error my friend.
Don't trade (play with) money you can't afford to lose.
Study the price of each coin for a number of weeks/months, try to figure out what you, yourself see as a high or low price for each coin and act accordingly.
As far as bitcoin goes now is a good time to buy as I predict the price will go a lot higher.
You can probably double your money on bitcoin if you buy in now & hold for a bit until the price goes up.

As far as the other altcoins go sorry but I can't help you, I don't follow any of them.

[lahm-44]

I know I'm already breaking a couple of the trading world's cardinal rules here, so please bear with me 

Here's my current situation:

• 1.) Amassed $60 worth of BTC
• 2.) Withdrew $50 into cold storage, kept $10/0.044BTC to play around and/or learn with (ie. lose, so as to not get my hopes up )
• 3.) Transferred my BTC to Poloniex, and figured I'd try learning the basics of exchanges/trading

I've spread my bits around into various coins.  Because I have no idea what I'm doing - and at the same time putting all my trust in you guys , I'll tell you what coins I've vested in.  My wealth is spread as such:

Code:

[ARCH] ARCHcoin 10.69400404 

[BTC] Bitcoin 0.00664344 

[DOGE] Dogecoin 2603.47826087 

[HUGE] BIGcoin 14520.12404124 

[NMC] Namecoin 7.27706705 

[NXT] NXT 222.94797859 

[PPC] Peercoin 1.24685423 

[SYS] Syscoin 538.00539083 

[XMG] Magi 121.26715731 

I've tried reading what various popular trading threads exist, yet usually leave the threads with as little knowledge as I had entered with (and sometimes embarrassed in myself, leaving threads like pumping dicks slathered in the self-praising semen from others getting off in such circle-jerks). 

I still failed at obtaining any useful info - buy low, sell high...but how do I know what low/high is? How should I be properly reading each coin's chart?  Should I be looking at their /all graphs, or judge when to buy/sell by the hour/day/week/month/year?  What's the importance of market cap vs price vs available supply vs volume, and how should I assess these factors when deciding whether or not to invest in an alt?


I realize this is a lot to be asking, but it's just so difficult to find the answers I'm looking for, without ending up in wikipedia pages for fiat currencies, or "THE ANSWERS ALL HERE, LINE PUMPY'S POCKETS FOR THE MEANING OF LIFE, I'M SO RICH I'LL PROVE IT WITH TUMBLR GIFs"-esqe garbage!

I highly appreciate any and all help, and will happily reward any descriptive advice with some changetip 

Cheers!

just try to do this trading thing with only two or three cryptocurrency.as you are a newbie in trading so just keep an eve on the price when you will see any currency has fallen price just exchange your coins with it.and wait till it rise up a little and then convert it back to btc or the pricr can fall back again.note : trading can make huge losses

[KarmaShark]

Do as much research as possible on your own before making the leap. Each exchange has its own set of virtues and faults and the best way to understand them is by taking the time to research their history.

[forlackofabettername]

wolong said: "buy high, sell higher" and "sell low, buy lower"

he must know.
His famous "book" to see here:
https://www.youtube.com/watch?v=JHi-wmRZzvs

For the noob: That wolong guy is a rich individual who pumped and dumped various coins in early 2014. I don't know if he made profit but he sure made enemies.

Some of these are good Altcoins you are betting upon , i myself have some treasure in them too.
But going with many alts at once is a bad idea. I usually keep up with 4 at a time and if i find some good new one , i leave one of the 4 behind.
So to minimize any loss and be able to provide enough time to them .

I've got a little money in a lot of them. So i am never bored because every day another one is on the rise. I'm good in guessing bottoms and holding the coins then until pump occures. So that strategy can work out too: just buy low and wait for someone to raise the price.

[notlist3d]

wolong said: "buy high, sell higher" and "sell low, buy lower"

If it was this easy yes it would be great.  But there is not someting that gives us a reference to know what is "high" and "low".  It is ever changing with btc.

I mean a few day's ago I don't think most saw we would jump to 245.  It was a nice jump.  But those selling then and trying to buy back now all lost money.

[mayflor2]

I know I'm already breaking a couple of the trading world's cardinal rules here, so please bear with me 

Here's my current situation:

• 1.) Amassed $60 worth of BTC
• 2.) Withdrew $50 into cold storage, kept $10/0.044BTC to play around and/or learn with (ie. lose, so as to not get my hopes up )
• 3.) Transferred my BTC to Poloniex, and figured I'd try learning the basics of exchanges/trading

I've spread my bits around into various coins.  Because I have no idea what I'm doing - and at the same time putting all my trust in you guys , I'll tell you what coins I've vested in.  My wealth is spread as such:

Code:

[ARCH] ARCHcoin 10.69400404 

[BTC] Bitcoin 0.00664344 

[DOGE] Dogecoin 2603.47826087 

[HUGE] BIGcoin 14520.12404124 

[NMC] Namecoin 7.27706705 

[NXT] NXT 222.94797859 

[PPC] Peercoin 1.24685423 

[SYS] Syscoin 538.00539083 

[XMG] Magi 121.26715731 

I've tried reading what various popular trading threads exist, yet usually leave the threads with as little knowledge as I had entered with (and sometimes embarrassed in myself, leaving threads like pumping dicks slathered in the self-praising semen from others getting off in such circle-jerks). 

I still failed at obtaining any useful info - buy low, sell high...but how do I know what low/high is? How should I be properly reading each coin's chart?  Should I be looking at their /all graphs, or judge when to buy/sell by the hour/day/week/month/year?  What's the importance of market cap vs price vs available supply vs volume, and how should I assess these factors when deciding whether or not to invest in an alt?


I realize this is a lot to be asking, but it's just so difficult to find the answers I'm looking for, without ending up in wikipedia pages for fiat currencies, or "THE ANSWERS ALL HERE, LINE PUMPY'S POCKETS FOR THE MEANING OF LIFE, I'M SO RICH I'LL PROVE IT WITH TUMBLR GIFs"-esqe garbage!

I highly appreciate any and all help, and will happily reward any descriptive advice with some changetip 

Cheers!

I completely don't have the stomach for trading.   Every time a coin dips below what I paid, I panic and sell.   I have tried trading on a few different occasions, but almost never have made money.   I need to learn a little patience I guess.

[chriswen]

Maybe its just that the altcoin game doesn't suit you.

Or you could try trading some of the more stable altcoins with 2-5x leverage (well it allows up to 10:1).

Cryptomargin.com allows for the trading of alts, short and long with leverage.  You can also invest some of your alts and gain a decent daily interest.

Now you might also want to go mainstream and trade Bitcoins.  Bitcoins is the most liquid cryptocurrency.  And okcoin futures is the most liquid futures exchange.  We're looking at 100 million usd worth traded every day and sometimes even more on extra volatile days.  Futures is slightly different then spot so be sure to do your research.  Okcoin.com futures offers leverage up to 20x.  You can probably start trading with 0.02 btc.

And then there are binary options.  These can be quite a useful tool for making profit if you understand the bitcoin market.  I'd recommend using Coinut.com .  You can click the link in my signature.  What's interesting about coinut is that unlike other sites there is an order book to trade these binary options.  In my opinion this means you can get a much better deal and you'll get better odds.

You also get more flexibility.  There are multiple timeframes to choose from and there are multiple strike prices you can do.  (You bet on higher or lower than the strike price).  At other sites you can only use the current price for a strike price.  With coinut you can choose out of the money options for cheaper contracts or you can do in the money ones that you're sure about for 5-20% gain.  And as usual make sure you wait for good trade setups, you don't always need to be in a position.

I'm just outlining some other methods to make money through Bitcoin other than alts.  Bitcoin futures and Binary options might not be the tools for you but good luck on your endeavour in the crypto space.

[notlist3d]

Maybe its just that the altcoin game doesn't suit you.

Or you could try trading some of the more stable altcoins with 2-5x leverage (well it allows up to 10:1).

Cryptomargin.com allows for the trading of alts, short and long with leverage.  You can also invest some of your alts and gain a decent daily interest.

Now you might also want to go mainstream and trade Bitcoins.  Bitcoins is the most liquid cryptocurrency.  And okcoin futures is the most liquid futures exchange.  We're looking at 100 million usd worth traded every day and sometimes even more on extra volatile days.  Futures is slightly different then spot so be sure to do your research.  Okcoin.com futures offers leverage up to 20x.  You can probably start trading with 0.02 btc.

And then there are binary options.  These can be quite a useful tool for making profit if you understand the bitcoin market.  I'd recommend using Coinut.com .  You can click the link in my signature.  What's interesting about coinut is that unlike other sites there is an order book to trade these binary options.  In my opinion this means you can get a much better deal and you'll get better odds.

You also get more flexibility.  There are multiple timeframes to choose from and there are multiple strike prices you can do.  (You bet on higher or lower than the strike price).  At other sites you can only use the current price for a strike price.  With coinut you can choose out of the money options for cheaper contracts or you can do in the money ones that you're sure about for 5-20% gain.  And as usual make sure you wait for good trade setups, you don't always need to be in a position.

I'm just outlining some other methods to make money through Bitcoin other than alts.  Bitcoin futures and Binary options might not be the tools for you but good luck on your endeavour in the crypto space.

You would really want to be sure you know what your doing, or practiced many times to do 10 to 1.

That just seems like a heck off a leveraged bet.   But I guess huge potential gains aswell.

[chriswen]

Maybe its just that the altcoin game doesn't suit you.

Or you could try trading some of the more stable altcoins with 2-5x leverage (well it allows up to 10:1).

Cryptomargin.com allows for the trading of alts, short and long with leverage.  You can also invest some of your alts and gain a decent daily interest.

Now you might also want to go mainstream and trade Bitcoins.  Bitcoins is the most liquid cryptocurrency.  And okcoin futures is the most liquid futures exchange.  We're looking at 100 million usd worth traded every day and sometimes even more on extra volatile days.  Futures is slightly different then spot so be sure to do your research.  Okcoin.com futures offers leverage up to 20x.  You can probably start trading with 0.02 btc.

And then there are binary options.  These can be quite a useful tool for making profit if you understand the bitcoin market.  I'd recommend using Coinut.com .  You can click the link in my signature.  What's interesting about coinut is that unlike other sites there is an order book to trade these binary options.  In my opinion this means you can get a much better deal and you'll get better odds.

You also get more flexibility.  There are multiple timeframes to choose from and there are multiple strike prices you can do.  (You bet on higher or lower than the strike price).  At other sites you can only use the current price for a strike price.  With coinut you can choose out of the money options for cheaper contracts or you can do in the money ones that you're sure about for 5-20% gain.  And as usual make sure you wait for good trade setups, you don't always need to be in a position.

I'm just outlining some other methods to make money through Bitcoin other than alts.  Bitcoin futures and Binary options might not be the tools for you but good luck on your endeavour in the crypto space.

You would really want to be sure you know what your doing, or practiced many times to do 10 to 1.

That just seems like a heck off a leveraged bet.   But I guess huge potential gains aswell.

Yeah well its mainly for short term trades and its useful for Dogecoin because it doesn't really move around a lot.