Hey all Im new to altcoin and was seeing if anybody could point me the right way or if anybody else that was new wanted to go a skype group w/ me and we could toss ideas off each other.....
Here are the questions I have so far
1. Bittrex the best exchange to use?
Personally I prefer Poloniex as there's more volume and some of the 'hotter' or 'in' altcoins are being traded there or want to be listed there.
2. How to tell is an altcoin is a scam?
This is what I think. Some projects at the start, mean well and really want to create something innovative and ground breaking. But something happens along the way that maybe what they're trying to achieve is technically impossible, and the fact that most of them hide this from the public make them labeled as scams. And rightly so, as this could be considered something like false advertising of a broken product.
While others are outright scams from the start you just know it, no joke.
3. Are my coins safe on a site like bittrex or do I need to cold store them & how do u do that if its not bitcoin?
Don't store you coins in an exchange. Download the wallet of your respective coin and store it there.
4. How do I find out about new coins coming out or is it best to buy coins that have been out and r more trusted?
I personally don't like buying into ICO's. I wait for the coins to get listed, observe how well they do, then make a trade if they breakout.
5. What to look for with selecting a coin to buy?
High volume and liquidity.
Ive never really traded stocks or anything so if anybody has tips links or other useful info send it my way!
Google is your friend. There are lots of trading articles online.
And is Bittrex the best exchange to use?
Cheers
Nope. Poloniex is at the moment. But this changes from time to time. The altcoin scene is very dynamic.
