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

[~Bitcoin~]

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.

Yes same think happen to me, but its now 2-3 days and price of vox seems to be stable for this week, i will wait 1-2 more days without selling any of my vox and when price seems to be stable with good 24 hour volume, i will buy as much as i can. I am sure vox will do same second pump aagain like AMP have done before.

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[romero121]

There is nothing so hard as an art. One needs to be in close observation about the rising altcoin. This would help you to grab the right coin using bitcoin and earn the profit. Alts will rise up at some instances, so profit can be earned only at those time.

[mrhelpful]

the only tip I have for newbies, is that just be aware with alt coin exchanges.

most know the whole cryptsy incident, if not it should checked out. And thats a known alt coin exchange for 3 years now which flipped. So understand to convert back to btc whenever much as possible to avoid that scenario.

[pooya87]

the most important thing in trading is that you should try and stay away from getting hyped. especially when you hear on the forum about a coin that is good and they tell you to buy it because it is going up. they say this because they have sell orders that want you to buy from it.

[Fatanut]

Here's my 5 tips to you in trading BTC-Altcoin

1. Don't be in a hurry. Some alt coins take a day or two before they rise depending on the demand.

2. Don't be such a coward. Trading is like gambling. If you don't have the guts to risk some of your BTCs, then don't enter trading.

3. The worst thing that can happen to you is buy at the top of the pump, and sell at the bottom of the dump.

4. Don't trust the people in the trollbox/chatbox.

5. Don't invest all your bitcoins in a single alt coin.

[BTCdoaA]

Thank you all for those nice tips .

[Boosterious]

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

firstly i must be said that trading is not best way to earn bitcoin,however trading have risk. and maybe the best way to earn bitcoin is joing signature campaign and doing it very well.
i'm also use bittrex sometime,but i prefer to use poloniex now,that always good if we looking for information about altcoin before start trading.

[Wapinter]

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

How do you know which is a good coin? how to differentiate it with shit coins and what is the right time to sell?

[mookid]

The best advice is to manage risk carefully, Crypto is -by general financial rules- a very high risk investment, altcoins are even crazier. Use a reputable exchange like Bittrex or Poloniex, choose and research carefully what do you want to trade, and manage your risks and assets with caution.

[Supercrypt]

The best advice is to manage risk carefully, Crypto is -by general financial rules- a very high risk investment, altcoins are even crazier. Use a reputable exchange like Bittrex or Poloniex, choose and research carefully what do you want to trade, and manage your risks and assets with caution.

Apart from these things, the only prime decider for your life with altcoin trading must be your strategy to follow for making profits.
There are lot of practical difficulties with altcoins due to the availabilty of so many coins. We need to choose a stable coin for better profits with them.

[BTCdoaA]

The best advice is to manage risk carefully, Crypto is -by general financial rules- a very high risk investment, altcoins are even crazier. Use a reputable exchange like Bittrex or Poloniex, choose and research carefully what do you want to trade, and manage your risks and assets with caution.

Apart from these things, the only prime decider for your life with altcoin trading must be your strategy to follow for making profits.
There are lot of practical difficulties with altcoins due to the availabilty of so many coins. We need to choose a stable coin for better profits with them.

i think eth and steem are the best over the past 4 weeks specially eth down to 0.014 then in two days up to 0.023 then to 0.0144 again now it is 0.02 ,game play

[Vikingr]

Untill now I was trading only with bitcoin and fiat, and at there the profit was much lower (but was enough), now after the emergence of some new coins like Yocoin, LIR and wave I started to trade with altcoins also , and there I got a much better and faster profit.

[bestluck]

Untill now I was trading only with bitcoin and fiat, and at there the profit was much lower (but was enough), now after the emergence of some new coins like Yocoin, LIR and wave I started to trade with altcoins also , and there I got a much better and faster profit.

LIR is really a high profiting altcoin, its price is increasing with a high speed and if you buy some amount of LIR and hold then for a month you will double up your money with it, I have experienced that in the previous month.

[CoinBreader]

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

longterms investment for alt coins have my factors to count , in order to see if you are in the right train,
1)community
2)dev behind the coin
3)every day use & whitepaper
if you are sure about these, and you dont have to fear any shake outs from the whales, plus you can make profit in the meanwhile from a long investment alt coin, by increase your position in every chance!