Altcoin Trading June - will I be able to make profit?

[shanem]

You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.

[ragi]

You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.

One vote from me for Bittrex. Mainly because of the volume.

[jacktheking]

Started trading on Monday!

Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.

Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).

good work.
try to invest in multiple coins every time you want to buy and sell. there are a lot of coins that are giving profit every day. and if you can find them beforehand and invest in, you can get an easy and bigger profit every time.

also by spreading your investment between multiple coins, you guarantee profit. if you lose 1 others will cover the losses.

but if you have invested in one coin, and it goes down you lost your opportunities.

Thanks for giving me those tips. Those will come handy.. sometime later.. :/ - see below.

You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.

Hmm.. I think I'm going to withdraw what I have at YoBit.Net and start daytrading at Bittrex. Already deposit 0.02 Bitcoin into my Bittrex account. . Why withdraw all from Yobit? Well, bought 1000 PTA at 0.00000536 each. The next day it became 0.00000236. I hold on to those coin believing it value will rise again. I'm wrong, now it is only valued at 0.00000051. :/.

3rd June 2015

Bought 1000 Pentacoin (PTA) at 0.00000536 Bitcoin (BTC) each.

12th June 2015

1000 PTA worth around 0.00051000

0.00051000-(0.00000536*1000)= -0.00485 Profit.

I'm not giving up. I will be trading on Bittrex soon. Will update this thread again. .

[pooya87]

Started trading on Monday!

Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.

Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).

good work.
try to invest in multiple coins every time you want to buy and sell. there are a lot of coins that are giving profit every day. and if you can find them beforehand and invest in, you can get an easy and bigger profit every time.

also by spreading your investment between multiple coins, you guarantee profit. if you lose 1 others will cover the losses.

but if you have invested in one coin, and it goes down you lost your opportunities.

Thanks for giving me those tips. Those will come handy.. sometime later.. :/ - see below.

You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.

Hmm.. I think I'm going to withdraw what I have at YoBit.Net and start daytrading at Bittrex. Already deposit 0.02 Bitcoin into my Bittrex account. . Why withdraw all from Yobit? Well, bought 1000 PTA at 0.00000536 each. The next day it became 0.00000236. I hold on to those coin believing it value will rise again. I'm wrong, now it is only valued at 0.00000051. :/.

3rd June 2015

Bought 1000 Pentacoin (PTA) at 0.00000536 Bitcoin (BTC) each.

12th June 2015

1000 PTA worth around 0.00051000

0.00051000-(0.00000536*1000)= -0.00485 Profit.

I'm not giving up. I will be trading on Bittrex soon. Will update this thread again. .

that is why there are conditional trade offers available.
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.

and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it

[jacktheking]

that is why there are conditional trade offers available.
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.

and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it

What's conditional trade? Can you give me example? Do YoBit.Net offer conditional trade? What about Bittrex? Thank you for sharing your tip.

[pooya87]

that is why there are conditional trade offers available.
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.

and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it

What's conditional trade? Can you give me example? Do YoBit.Net offer conditional trade? What about Bittrex? Thank you for sharing your tip.

all the trading websites that i have seen so far had conditional trades so far. but i have never checked yobit

it means that you place a condition for your trades.
for example you say if the price of bitcoin goes lower than $210 then sell 10BTC for price of $209.9
or if the price goes higher than $250 sell 10BTC for price of $249.9

the exchanger's bot for these kind of conditional trades mostly have enough for all purposes but , other bots may have better and more options.

[Nxtblg]

that is why there are conditional trade offers available.
for example you place condition that if the price changes XX% then buy or sell. this way you can be safe even when you are asleep.

and don't worry about losses, i did that with NLG (i think) i bought at 600 just to see it fall to 400 and then gave up on it

What's conditional trade? Can you give me example? Do YoBit.Net offer conditional trade? What about Bittrex? Thank you for sharing your tip.

all the trading websites that i have seen so far had conditional trades so far. but i have never checked yobit

it means that you place a condition for your trades.
for example you say if the price of bitcoin goes lower than $210 then sell 10BTC for price of $209.9
or if the price goes higher than $250 sell 10BTC for price of $249.9

the exchanger's bot for these kind of conditional trades mostly have enough for all purposes but , other bots may have better and more options.

Yes. The formal name for those trades is "limit order."

[NorrisK]

Started trading on Monday!

Bought 100 ParkByte (PKB) at 0.00000355 Bitcoin (BTC).
Sold 100 PKB at 0.00000375 BTC.

Made a profit of 0.00002 Bitcoin which worth around 0.004490 United State Dollar (USD).

good work.
try to invest in multiple coins every time you want to buy and sell. there are a lot of coins that are giving profit every day. and if you can find them beforehand and invest in, you can get an easy and bigger profit every time.

also by spreading your investment between multiple coins, you guarantee profit. if you lose 1 others will cover the losses.

but if you have invested in one coin, and it goes down you lost your opportunities.

Thanks for giving me those tips. Those will come handy.. sometime later.. :/ - see below.

You should go to bittrex to trade. There are lots of altcoins and volume is good.
There is a good chance you can catch some rising altcoins.

Hmm.. I think I'm going to withdraw what I have at YoBit.Net and start daytrading at Bittrex. Already deposit 0.02 Bitcoin into my Bittrex account. . Why withdraw all from Yobit? Well, bought 1000 PTA at 0.00000536 each. The next day it became 0.00000236. I hold on to those coin believing it value will rise again. I'm wrong, now it is only valued at 0.00000051. :/.

3rd June 2015

Bought 1000 Pentacoin (PTA) at 0.00000536 Bitcoin (BTC) each.

12th June 2015

1000 PTA worth around 0.00051000

0.00051000-(0.00000536*1000)= -0.00485 Profit.

I'm not giving up. I will be trading on Bittrex soon. Will update this thread again. .

You should watch the history of the coin. If the last month or so it has seen an increase in price of several magnitudes, it is a good indicator that it is going to drop. Don't buy when it has recently risen a shit load.

[Guido]

So, yesterday I deposited 0.02 Bitcoin* to YoBit.Net. I will be buying and selling Altcoin next Monday. I will be updating how much I lost or earn and what Altcoin I invested in here. I will try my best to trade Altcoin everyday. However, I wont be able to trade in Sunday.

I made a very small profit daytrading BTC/USD on OKCoin last month. And..

will I be able to make profit trading Altcoin? Answer to be revealed in July 01! Watch this thread!

*I know 0.02 Bitcoin is a small amount. The purpose of this is to tell others that we can start investing at 0.02 Bitcoin.

good luck with starting out!

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[jeanne0012]

One suggestion: you should choose the coins on the rising trend and buy it at low range, you have more chance to profit it! And do avoid the crappg coins that is pumped up, the price will crash easily! Do your own research becore buying that coins!