The Art of Trading BTC to ALT Coins-Share your Experience for Noob

[BTCdoaA]

Hi

As All we know that trading is the best way to make and earn extra income of BTC , But many of noob enter this world without experience !!
So i will start by my self .
i don't have much experience to share but here is mine :

- i use bittrex for trading bitcoin to alt coin -(Better to use only trusted exchange with a huge no of sellers\buyers )
- I always look at the thread of the coin that i am going to buy .
- i am not greedy so small profit is good for me per day.
- Just follow other - for a short time only (Demand)
waiting for your experiences and advises .

Thanks

[densuj]

So it is about alt coin trading. My experience is i must know analysis tecnical or point of support and resistance and i must trade on coins who has liquidity,volatility, and growth. Becarefull with shit coins. That is my short experience.

[maokoto]

Perhaps what I am going to say is too basic, but it has helped me a lot: Patience in trading is quite important. You can get better buying and selling prices by waiting a bit, and not just dumping to the bid price or buying at the ask price.

If you are in a hurry to buy some coin, put an order a little lower than the ask price. If you are in a hurry to sell, put it a little higher than the bid price. If you are not in a hurry, put it still lower or higher.

I would have saved lots of money if I had done that from the beginning. It is hard sometimes, you just want to buy or sell ASAP (and perhaps there are times that you need to) but you will almost always be better if you wait a little.

[BTCdoaA]

Perhaps what I am going to say is too basic, but it has helped me a lot: Patience in trading is quite important. You can get better buying and selling prices by waiting a bit, and not just dumping to the bid price or buying at the ask price.

If you are in a hurry to buy some coin, put an order a little lower than the ask price. If you are in a hurry to sell, put it a little higher than the bid price. If you are not in a hurry, put it still lower or higher.

I would have saved lots of money if I had done that from the beginning. It is hard sometimes, you just want to buy or sell ASAP (and perhaps there are times that you need to) but you will almost always be better if you wait a little.

Many thanks maokoto for the useful advice which is really touch what i am doing right now , i have no patience at all and it is very hard to stay in waiting status so this lead me to loose plenty of BTC .
SO the important key here (....Patience in trading is quite important....)
I will try ..Thanks again

So it is about alt coin trading. My experience is i must know analysis tecnical or point of support and resistance and i must trade on coins who has liquidity,volatility, and growth. Becarefull with shit coins. That is my short experience.

Thanks shit coins is much more these days .Good one

[Master_dandosha]

My experience is to buy a good coins at reasonable price and wait for it to reach the sell order even you wait one month forward .
good luck all

[MedaR]

There is no super manual how to success trading alts..
Just watch topics for possible updates or hypers groups.
Twitter have power to pump coins and many notorious groups using it to achieve their plans.
Alts are very risky, and you need more luck than knowledge!

[Patatas]

Its good that you're not greedy and suffice yourself on small profits.Keep it up.Usually the rule is pretty much the same in all the trading techniques .Buy when the demand decreases and sell when the demand is in the hike.Next Question Would be : How would you determine that ? By experience and studying the patterns ,charts,compare,statistics of the particular coin and see how the value is increased .Keep btc prices on the note.Basically just keep analyzing the price differences between the alt and btc.At the right time,exchange them or buy more.

[kyrios_]

If you are looking to invest longterm in altcoin? What fundamentals do you look at?

[The Sceptical Chymist]

Hi

As All we know that trading is the best way to make and earn extra income of BTC<snip>

I vehemently disagree with this.  Trading is a great way to lose everything you have and is super-risky.  I don't think it's the best way or even a good way unless you have a lot of experience.  And most people don't, and it's hard to have experience in crypto trading, as the whole game has only been around for 6 years or so.  I traded some DOGE yesterday on Yobit and made a slight profit but I had to wait a while for my orders to get executed and I honestly wasn't certain that the market was going to go up at all.  Luckily it did but it could easily have gone the other way.

[Rubberduckie]

I have heard of pump and dump crews on twitter where a whole bunch of people
buy at once then get out and have it drop but they make a decent amount before
dumping.

seems risky to me

[BitTyro]

Aside from being patient in trading altcoins, you may want to open different positions in your buy or sell orders. Dont just buy or sell all at once. You may also want to keep and extra btc to buy large if the chart will take a sudden plunge. Trusting your instinct when to buy or sell will also help.

[BTCdoaA]

Thank YOU all for this valuable advises and experiences .

[BTCdoaA]

following CapriCoin (CPC) at the moment in Bittrex , i gain some profit But really : I don't know what interest other in this coin Even it has no organized thread or techniques.So this need no experiences or knowledge .
Just i followed others.
Thank

[n691309]

Hi

As All we know that trading is the best way to make and earn extra income of BTC , But many of noob enter this world without experience !!
So i will start by my self .
i don't have much experience to share but here is mine :

- i use bittrex for trading bitcoin to alt coin -(Better to use only trusted exchange with a huge no of sellers\buyers )
- I always look at the thread of the coin that i am going to buy .
- i am not greedy so small profit is good for me per day.

waiting for your experiences and advises .

Thanks

If you check in the coinmarketcap you can see that most of the altercoins have been increased too much, ETH has been increased too. Bittrex and Yobit and Poloniex all of them are good.

[gentlemand]

If you really have to do it, and I won't, then volume is your friend. I've seen people excitedly proposing jumping into coins that have risen hundreds of per cent. When you look at the volume it might have been the equivalent of $40 that day. You're not going to make your fortune on that basis.

[BTCdoaA]

If you really have to do it, and I won't, then volume is your friend. I've seen people excitedly proposing jumping into coins that have risen hundreds of per cent. When you look at the volume it might have been the equivalent of $40 that day. You're not going to make your fortune on that basis.

Thank You Dear for this good advises ,
It is complicated guys
Thanks

[BTCdoaA]

Any new ideas or gained experiences in the current market .
Any coins to follow

[RealPhotoshoper]

Hi

As All we know that trading is the best way to make and earn extra income of BTC , But many of noob enter this world without experience !!
So i will start by my self .
i don't have much experience to share but here is mine :

- i use bittrex for trading bitcoin to alt coin -(Better to use only trusted exchange with a huge no of sellers\buyers )
- I always look at the thread of the coin that i am going to buy .
- i am not greedy so small profit is good for me per day.
- Just follow other - for a short time only (Demand)
waiting for your experiences and advises .

Thanks

yes you right,so many my friends have extra income from trading bitcoin-altcoin,they have better income than people who jon signature campaign.
and some couple of days ago,i start trading bitcoin-etherum in poloniex,just like what you do,i get profit 0.002 in one day,i'm not greedya and just put small amount for trade.

[talkbitcoin]

There is no super manual how to success trading alts..
Just watch topics for possible updates or hypers groups.
Twitter have power to pump coins and many notorious groups using it to achieve their plans.
Alts are very risky, and you need more luck than knowledge!

this has a big problem associated with itself.

all of these groups, twitters, hypes, even users telling you ...coin is good right now will say this "after" or in best case scenario "during" the pump.

so by the time you get the so called news, and decide to open the exchanger website and place your order it is already too late and you are buying into their sell orders that have been placed long before you hear about it.

[ashkanb]

in my experience, the fundamentals of trading altcoins is the same as trading every other asset that has ever been, since people invented trading;
invest some time in studying fundamentals of trading, read every good book you can find.
anyone can easily find beginner or specialized lists of books online everywhere and most of them will be available as pdf downloads.