New to alt coin trading, Help

[mikehersh2]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

[1715534330]

1715534330

[amacar2]

Exchanges to use :
poloniex.com
bittrex.com
c-cex.com
yobit.net

Tips: don't buy when price is pumping and don't sell being panic when price gets like 10-20% down within a day time. And also don't follow what chat box suggest you, in altcoin world fud/hype plays important role in manipulating market stay careful.

[mindrust]

Check volume before you buy anything. Do not buy any dead coins. As the name states, they are dead. No volume in them. People won't be trading those coins. If you buy them you will wait forever. Find some high volume coins wait for mega dumps. When you wait enough get in and wait for the counter pump. Then get off.

[Hellacopter]

First dont try trading altcoins before reading and learning enough about it, trying this method without any experience or strategy is risky just like gambling, so i suggest you keep reading a lot here before trading altcoins

[Superways]

I took my start from yobit and there i did not faced any issue while trading with bitcoin and I think for new comers yobit is much better as its usage is easy and it has some coins which have potential to grow much higher. I think you should have to take your start from there.

[The Sceptical Chymist]

I took my start from yobit and there i did not faced any issue while trading with bitcoin and I think for new comers yobit is much better as its usage is easy and it has some coins which have potential to grow much higher. I think you should have to take your start from there.

Yobit is just fine, that's more or less how I started (RIP, Cryptsy!).  But OP, watch out.  There are so many coins on the exchanges, and you'll see some of them up and down like 10000% or something crazy like that.  A lot of those coins have no market depth, meaning you'll have a tough time unloading them even if they do go up.

My advice is to start small and just get a feel for the markets.  It's very much like trading penny stocks, except you have much less info to trade on.  It's the most bizarre thing I've ever seen in markets.  Good luck.

[JeffBrad12]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

The first step for starting your journey into the world of trading alt coins choosing your reliable site for the trading place and my suggestion is choosing the crowded place because the circulation of trading will be fast and you can anytime for rotating your money.

the second step, starting with low amount because you're new in the trading site and then you can learning about choosing the potential coins before.

[rphk]

Select the trading sites which is there from longtime and legit ,get an reliable exchange site , first study about the trade volume and which coin is having more value on trading also worth of buying , invest only little in the beginning which you can afford and if it is giving real profit start increasing the investment.   

[ivanst776]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

On my preference bookmark list are these two exchanges: poloniex and yobit.

If you don't have any preferred coin to trade then check the most traded coin (poloniex at the top right, yobit at bottom left)

Based on the most trading volume within 24 hours you can see which coins are more popular, what you should do is check how often does the price change and estimate where is the best time to buy and to sell that coin you invested in.

[pooya87]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

i don't know why others are suggesting yobit, it is the last site that you should look into if you want to trade. so as long as you can trade on good sites like bittrex, poloniex and c-cex don't even think about yobit.

and as for start i suggest you start with a small amount and test the waters so to speak and then invest more.

[Divinespark]

One great resource for novice alt traders is:
http://alunacrypto.blogspot.in/2016/03/bitcoin-altcoins-trading-complete-guide-cryptocurrency-tutorial-trading-strategy-fundamental-analysis-technical-analysis.html

[Gahs]

Actually, I prefer going to coinmarketcap.com to get a daily list of the prices. When I decide on which coin to buy, I click on the coin and it shows me the exchanges selling the coin. I prefer picking the exchange with the lowest price if I want to buy and if selling, the exchange with the highest price.

[Dudeperfect]

I consider myself as a newbie and would like to share some tips from my little experience.

# 1. Choose a good exchange - Make sure it's not a scam or in trouble. You can compare without investing.

# 2. Research - Do your own research before investing in any option, this is a must.

# 3. Ignore Green Blinks / Trollbox - You will see some coins are being bought on each second but ignore it (that's likely to be a  pump & dump scheme) don't even trust on whatever advice you get in the chat box.

# 4. Start will low amount - Don't invest your whole capital at once, start will low trades.

# 5. Be Ready to Lose - Don't forget, trading is a risky job so you might lose your whole capital. Don't invest what you can't afford to lose.

# 6. Diversify Your Investments - Don't put all eggs in one basket, diversify your investments.

Good luck for your trading journey.

[choppork]

Just go to altcoin sections and see what is the people are talking of. Look for what altcoin is in trend, it's usually the biggest projects that has a potential to get a higher price. You can also ask people for an honest opinion on their thread about what they think of the coin.

[0day]

I think you are too much newbie to this platform of altcoin, as you even don;t know that how to take the start and from where to take the start, by the try invest much lower amount in any coin you want, in the start you only have to learn not to invest all.

[wintermeasures]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

Bro If You Want To Start Trading Then Firstly Create An Account On Yobit.net And Then Deposit Some Money and they Buy Some Altcoins...
As You Are New To Trading I Also Suggest You Some Coins:-
1) Pak Coin
2) Blry Coin
3 Aum Coin
4) Rdd Coin Etc...
I also Trading the Above Coins....

[bestluck]

First of all spend more and more time in altcoin section and after getting knowledge about all the coins you will be able to know that from where to start and what coin is better to invest.

[samcoin]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

I just want to mention that trading altcoin is a risky way , you might lose your money , you should learn first , and when you join trading , don't use your all money , try with small amounts , watch the news , follow the announcements in altcoin announcements board , read others opinions , then make your own strategy .

[arwin100]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

I just want to mention that trading altcoin is a risky way , you might lose your money , you should learn first , and when you join trading , don't use your all money , try with small amounts , watch the news , follow the announcements in altcoin announcements board , read others opinions , then make your own strategy .

It could be risky if yoy don't have any knowledge about it and just buying around without noticing that the coin you buy is on dumping stage or on dying state, so the better for us to do on our first trade is monitor the price,volume and the community if it is alive and  so by that yoy can determine if the coin will be healthy to be traded and will not turn scam right away. And also we must consider some thing before we do some trades since tradings is not all about earnings we might gonna lose all we've got if we miss does pump oppurtunities.

[BTCLovingDude]

Hi I want to get into trading alt coins. Where do i start, how do i begin? any advice? thanks!

step one) sign up on a well known exchanger which people have been satisfied with using like poloniex or bittrex

step two) deposit a small amount because you are new to this

step three) learn basics of trading and then move on to finding best altcoins to buy and buy low and sell high

step four) do not withdraw now, since you have invested small amount it is not a risk to keep it on the exchanger and add the profit to your balance to grow it and when you felt confident deposit more.