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

[Herbert2020]

i use bittrex for my altcoin trading too. because i am used to it from the beginning and it is a decent pace that i can trust.

in trading it is so important to set limits for your loss and profit that you can get and then more important than that is sticking to those limits.

also always keep in mind that usually when random people are suggesting a coin to you for investing it means it is bad or late to do so.

[1714918007]

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[1714918007]

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[alyssa85]

I'd say the main thing is to stay away from coins being pumped. You'll end up over paying and being a bag holder. The only people who profit from pumps are those who accumulate the coins well before the pump started, and they profit by essentially then selling to people who have jumped in due to FOMO.

[Master_dandosha]

I am happy that you came with the main point in trading in every exchanges it is the same : Never GET into high pumped coins unless you see from a point of view that coins will get more development or advance technologies
Here Some post about shit coins
https://bitcointalk.org/index.php?topic=1411810.new#new

[Krayshock]

Well, I made $20 after 5 days and I just started at $1. Seriously. What I did is I researched a lot in every single coin with high volume. Then I invested on some potential coins that might raise asap. I chose those coins with high volume w/ low price (ex. PEO, which is trash right now btw, @ 9 sats) then I tried to put a hype (which turned out to be effective) and many people bought the coins. After earning, I know that people are gonna dump the coin so I never came back to PEO anymore.
You see, this is about making a hype or riding with the hype
Actually, the ultimate key to earn is to buy low and sell high. It might take days, but it's all worth it as long as the coin is not going to dump w/in 96 hours or you're dead

[kyrios_]

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.

trading fundametals involves looking at the fundamentals of the asset. for alt coins, anyone knows what fundamentalsare there to look at

[Master_dandosha]

Well, I made $20 after 5 days and I just started at $1. Seriously. What I did is I researched a lot in every single coin with high volume. Then I invested on some potential coins that might raise asap. I chose those coins with high volume w/ low price (ex. PEO, which is trash right now btw, @ 9 sats) then I tried to put a hype (which turned out to be effective) and many people bought the coins. After earning, I know that people are gonna dump the coin so I never came back to PEO anymore.
You see, this is about making a hype or riding with the hype
Actually, the ultimate key to earn is to buy low and sell high. It might take days, but it's all worth it as long as the coin is not going to dump w/in 96 hours or you're dead

Totally agree with you . the key point you did is research -deep research about the coin . even if you loose after some dump definitely the coin will raise again because it has potential.
Thanks for sharing experience.

[kyrios_]

Well, I made $20 after 5 days and I just started at $1. Seriously. What I did is I researched a lot in every single coin with high volume. Then I invested on some potential coins that might raise asap. I chose those coins with high volume w/ low price (ex. PEO, which is trash right now btw, @ 9 sats) then I tried to put a hype (which turned out to be effective) and many people bought the coins. After earning, I know that people are gonna dump the coin so I never came back to PEO anymore.
You see, this is about making a hype or riding with the hype
Actually, the ultimate key to earn is to buy low and sell high. It might take days, but it's all worth it as long as the coin is not going to dump w/in 96 hours or you're dead

Totally agree with you . the key point you did is research -deep research about the coin . even if you loose after some dump definitely the coin will raise again because it has potential.
Thanks for sharing experience.

what kinda characteristics do you look at

[yenxz]

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

bittrex is most popular altcoin exchange,many people use it,and i have good experience there,i have many time trade altcoin and get many profit,Neucoin is the best altcoin for me to give profit on bittrex,but now neucoin price is really bad

[Krayshock]

Well, I made $20 after 5 days and I just started at $1. Seriously. What I did is I researched a lot in every single coin with high volume. Then I invested on some potential coins that might raise asap. I chose those coins with high volume w/ low price (ex. PEO, which is trash right now btw, @ 9 sats) then I tried to put a hype (which turned out to be effective) and many people bought the coins. After earning, I know that people are gonna dump the coin so I never came back to PEO anymore.
You see, this is about making a hype or riding with the hype
Actually, the ultimate key to earn is to buy low and sell high. It might take days, but it's all worth it as long as the coin is not going to dump w/in 96 hours or you're dead

Totally agree with you . the key point you did is research -deep research about the coin . even if you loose after some dump definitely the coin will raise again because it has potential.
Thanks for sharing experience.

what kinda characteristics do you look at

You can check out the altcoin section of this forum and some blogs. They may give you tips on how to predict the market flow of the altcoins and you may check the dev's activity here in the forum since usually devs post here to introduce and advertise their coins before, during, and after the coins are listed to the different cryptocurrency trading platforms around.

[Nimbulan]

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

good that you are okay with small profits, it is good to start trading with them, and you have to keep eye on price lots of times in one day because price can change a lot in one day, buy when price is small and wait for small price rise, then sell them, and wait for price fall again, this way you will get profit

[BTCLovingDude]

i also use bittrex for trading altcoin and it is mostly because i used to trade on poloniex and since they changed their rules i switched my exchanger.

[Krayshock]

I use YoBit at the moment since that is where I get my btc for trading (see signature campaign)
I'm planning to put more btc to bittrex and poloniex

[lumeire]

Currently venturing into trading nowadays, also using CAT. I profited 0.04 on the AMP surge the other day using only 0.01BTC initial buy, plus additional 0.03 gains on trading other coins. However, if you'd look at BittrEX today, most of the coins with volume are bleeding red. In the end I lost about 0.05, so just a little profit but yes, a lot has been learned.

[BTCdoaA]

I use YoBit at the moment since that is where I get my btc for trading (see signature campaign)
I'm planning to put more btc to bittrex and poloniex

Yobit has many coins and it is very difficult to use from web-design side not as bittrex & poloinex . Actually you can also gain profit from trading in yobit ,easy one . now i am trading post\bios in yobit buy 147 selling not yet price 300 now.

[Herbert2020]

I use YoBit at the moment since that is where I get my btc for trading (see signature campaign)
I'm planning to put more btc to bittrex and poloniex

Yobit has many coins and it is very difficult to use from web-design side not as bittrex & poloinex . Actually you can also gain profit from trading in yobit ,easy one . now i am trading post\bios in yobit buy 147 selling not yet price 300 now.

i agree the charts there and the timestmps are not so good and not enough information on there either but it is not just about the design of yobit it is mostly because there are a lot of coins there that do not have the minimum amount of volume to be considered active.
only 4-5 coins are active there.

[Das]

A thorough research into the prices of the altcoins for the past six months will give a fair indicative of the most promising coin. Buy when it is low and sell as soon as you see that you can make some profit, else it might dip.

[BTCdoaA]

A thorough research into the prices of the altcoins for the past six months will give a fair indicative of the most promising coin. Buy when it is low and sell as soon as you see that you can make some profit, else it might dip.

For promising coin it is better to buy them when the prices & coin in red ,more decreasing in red more profit will be gained in near future if have patience take ETH price for example in past weeks
Thanks

[BTCdoaA]

TIPS: new added tip to the art of trading :
Never go\buy a coin when it hits poloniex or such a big exchange in the first week specially the first day of trading . it will go very high then loosing profit is expected .
Example : VOX & DCR

[ArafaA]

TIPS: new added tip to the art of trading :
Never go\buy a coin when it hits poloniex or such a big exchange in the first week specially the first day of trading . it will go very high then loosing profit is expected .
Example : VOX & DCR

Really i appreciate this advice i traded vox in poloniex at price of 0089 SAT look at the market today it is now 3+ SAT .
i lost some btc but thanks god it was not a big investment again lesson learned.
it is better to buy cheap coins before listed there.

[liie888coins]

I use YoBit at the moment since that is where I get my btc for trading (see signature campaign)
I'm planning to put more btc to bittrex and poloniex

Yobit has many coins and it is very difficult to use from web-design side not as bittrex & poloinex . Actually you can also gain profit from trading in yobit ,easy one . now i am trading post\bios in yobit buy 147 selling not yet price 300 now.

i agree the charts there and the timestmps are not so good and not enough information on there either but it is not just about the design of yobit it is mostly because there are a lot of coins there that do not have the minimum amount of volume to be considered active.
only 4-5 coins are active there.

Yobit is only for small volume traders. Most markets there don't have enough liquidity.

If you want to buy/sell larger amount, you should go Poloniex or Bittrex instead.