New to alt coin trading, Help

[Cast12]

If you want to keep your coins on an exchange Don't since they are prone to being hacked(like bitfinex was) and or are scammers(Cryptsy is an example). For some altcoins that you can invest in, I'd suggest eth as they seem to be pretty legit.

[pooya87]

If you are looking to trade seriously for profit, you need some knowledge to apply to your trading. Most of trading is just trying out what works, but you need some basic knowledge.  There are many good books out there, so I'll only recommend one to simplify your research. "Technical analysis for dummies" by Barbara Rockefeller is quite useful.

I already read that books but honestly i didn't get its objective and all the point is theoretical. For me experience is the best teacher and no books can be better on it. Hahaha. I lose some btc when i'm newbie at trading but that loses teach me many lessons and now i apply it and trade on profit.

i don't like reading these types of books. they are very informative and good but i find it a tedious amount of work to read it all for something that is not really going to work for trading especially trading crypto currencies. you can read some articles online though.

[mirakal]

If you are looking to trade seriously for profit, you need some knowledge to apply to your trading. Most of trading is just trying out what works, but you need some basic knowledge.  There are many good books out there, so I'll only recommend one to simplify your research. "Technical analysis for dummies" by Barbara Rockefeller is quite useful.

I already read that books but honestly i didn't get its objective and all the point is theoretical. For me experience is the best teacher and no books can be better on it. Hahaha. I lose some btc when i'm newbie at trading but that loses teach me many lessons and now i apply it and trade on profit.

i don't like reading these types of books. they are very informative and good but i find it a tedious amount of work to read it all for something that is not really going to work for trading especially trading crypto currencies. you can read some articles online though.

They are just our reference and theory in trading and we know that theory are not applicable in real practice sometimes, so the best way to learn in trading is through enough knowledge and more experience.

[betlord90]

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

Many bigginers now in trading are lose their money because they are lack of knowledge about altcoins. As i can see many traders are get big profit by doing shory trade. Because short trade is very easy to earn bitcoin you must see the coins active and see how much different price between buy and sell if the different is 100- 300 sat that is good for short trade.

[Xenophoto]

Remember to be very patient. The basic fundamental of altcoin trading is to buy low and sell high. Sometimes you can make short trades but that's not always the case. What's mostly the case is that you're going to wait for days/weeks before you can get some actual profit. In short trades, the only ones who's making some actual profits are the ones who bought a lot of that altcoins. If you're going to buy a little amount of that altcoin and then short trade it, it's almost as if nothing has added to your Bitcoin balance.

[dunfida]

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.

This suggestion would  be  the best to consider  and i totally agree with him, dont follow on the hypes and speculation especially on the troll box because  if  you follow them for sure you would   lost some of your investments because  they are just promoting their  coins which  doesnt  have any guarantee to pump.

[0day]

Try to select only those altcoins which will have reliable and known developers and will have a good number of investment and will have a good volume of trade.

Yeah these features are most affecting the value of any altcoin, coins with that features will have good potential to increase in value in the future so any person who will have investment in that coin will not be disappointed and will earn a good profit in the future when the value will increase.

not forever the alt coins are having a reliable developer will having the happy ending, maybe there are a lot of example like that. I think too difficult just considering about their developer. and there is no guarantee about your profit if choosing the altcoins with the reliable development.

But if the developers disclose their identity and they share all their activity with public so we will be able to know that how much they can struggle for their coin and how much they are reliable and by showing their identity they will not commit to scam people.

[BitcoinPC]

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.

This suggestion would  be  the best to consider  and i totally agree with him, dont follow on the hypes and speculation especially on the troll box because  if  you follow them for sure you would   lost some of your investments because  they are just promoting their  coins which  doesnt  have any guarantee to pump.

I also like these points, but sometime in chat box, some suggestion useful, i am not saying that all are saying right in chat box, but sometime it will be true.
And also if you have skills to do trading than you will be succeed, i saw majority of the persons who have no patience and become panic and sell their all coins in frustration and later on they realize that they have lose.

[outatime1]

The easiest way is to buy some bitcoin and transfer it to an exchange. Then you can trade bitcoin for any altcoins they have to offer. Choose an exchange based on the trustworthiness of it and the altcoins it has available.

[goldcoinminer]

The easiest way is to buy some bitcoin and transfer it to an exchange. Then you can trade bitcoin for any altcoins they have to offer. Choose an exchange based on the trustworthiness of it and the altcoins it has available.

Of course, that is normally done by traders here, because they do not want to open more wallet just to buy a certain altcoins. If they can buy bitcoins they can easily deposit in a certain trading site and trading site will already provide wallet for their clients, so that's easy.

[Pursuer]

Try to select only those altcoins which will have reliable and known developers and will have a good number of investment and will have a good volume of trade.

Yeah these features are most affecting the value of any altcoin, coins with that features will have good potential to increase in value in the future so any person who will have investment in that coin will not be disappointed and will earn a good profit in the future when the value will increase.

not forever the alt coins are having a reliable developer will having the happy ending, maybe there are a lot of example like that. I think too difficult just considering about their developer. and there is no guarantee about your profit if choosing the altcoins with the reliable development.

But if the developers disclose their identity and they share all their activity with public so we will be able to know that how much they can struggle for their coin and how much they are reliable and by showing their identity they will not commit to scam people.

knowing the identity of the developers doesn't guarantee the safety of the coin and it certainly does not guarantee you not to lose money when you invest in them. as an example you can take a look at ethereum that we all know the identity of the main developer Vitalik B. but we all know how manipulated and scammy that coins really is and it has caused a lot of pump and dumps and losses for many people.

[Rukusilf]

Try to select only those altcoins which will have reliable and known developers and will have a good number of investment and will have a good volume of trade.

Yeah these features are most affecting the value of any altcoin, coins with that features will have good potential to increase in value in the future so any person who will have investment in that coin will not be disappointed and will earn a good profit in the future when the value will increase.

not forever the alt coins are having a reliable developer will having the happy ending, maybe there are a lot of example like that. I think too difficult just considering about their developer. and there is no guarantee about your profit if choosing the altcoins with the reliable development.

But if the developers disclose their identity and they share all their activity with public so we will be able to know that how much they can struggle for their coin and how much they are reliable and by showing their identity they will not commit to scam people.

knowing the identity of the developers doesn't guarantee the safety of the coin and it certainly does not guarantee you not to lose money when you invest in them. as an example you can take a look at ethereum that we all know the identity of the main developer Vitalik B. but we all know how manipulated and scammy that coins really is and it has caused a lot of pump and dumps and losses for many people.

That is right. But if you know the identity of the developers, you can know their traack record and find a good one.

[carlfebz2]

Try to select only those altcoins which will have reliable and known developers and will have a good number of investment and will have a good volume of trade.

Yeah these features are most affecting the value of any altcoin, coins with that features will have good potential to increase in value in the future so any person who will have investment in that coin will not be disappointed and will earn a good profit in the future when the value will increase.

not forever the alt coins are having a reliable developer will having the happy ending, maybe there are a lot of example like that. I think too difficult just considering about their developer. and there is no guarantee about your profit if choosing the altcoins with the reliable development.

But if the developers disclose their identity and they share all their activity with public so we will be able to know that how much they can struggle for their coin and how much they are reliable and by showing their identity they will not commit to scam people.

knowing the identity of the developers doesn't guarantee the safety of the coin and it certainly does not guarantee you not to lose money when you invest in them. as an example you can take a look at ethereum that we all know the identity of the main developer Vitalik B. but we all know how manipulated and scammy that coins really is and it has caused a lot of pump and dumps and losses for many people.

That is right. But if you know the identity of the developers, you can know their traack record and find a good one.

No matter how you tract a  good developer  but still the  situation  of  manipulated  dumps and  pumps are still there. As  other members said here  knowing the identity of   the devs  of a certain coins would  not   give you assurance anytime that you  could  able to make profits of  such coins.

[TraderBill]

There are two basic strategies:

- try to trade the swings by buying low and selling high on exchanges

- try to buy in on the ground floor of new altcoins which are launching

For the first strategy, you can start by paper trading on exchanges like bittrex, poloniex, kraken, bitfinex.  Meaning, you keep a spreadsheet where you pretend you have 1 btc or 10 btc, then record your buys and sells.  You can paper trade in order to learn for a couple of months before you start risking real money

[yakdivine]

The price is falling and rising just slightly each time the players buy, loading up on the cheap coins without drawing too much attention.

[rik3]

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

Bro As You Said Above that You are New to Trading So I Suggest You Before Getting into Trading Firstly Get Some Knowledge about Trading Or Do Some Research about Altcoin Trading Because Without Proper Knowledge Of Altcoin Trading, You can Lose Your Whole Money.......

[Fredomago]

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

Bro As You Said Above that You are New to Trading So I Suggest You Before Getting into Trading Firstly Get Some Knowledge about Trading Or Do Some Research about Altcoin Trading Because Without Proper Knowledge Of Altcoin Trading, You can Lose Your Whole Money.......

yes knowing the fundamentals from the coin you are supporting is very important and that's our advantage because aside from their own web site this forum also providing information so if you really interesting into trading and wants to support an alt project all you need to do is take a deep look on it here and keep tracing every single info about the coin.

[hajimasan]

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

i will advice before go for direct trade of altcoin you should only trade with Bitcoin only ( buy btc at low prices and sell at high )
after 10-20 days practice of trading of bitcoin will make you knowledgeful to make trade with other coins also and you will able to make prediction of rise and down of Price .

[Zadicar]

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

i will advice before go for direct trade of altcoin you should only trade with Bitcoin only ( buy btc at low prices and sell at high )
after 10-20 days practice of trading of bitcoin will make you knowledgeful to make trade with other coins also and you will able to make prediction of rise and down of Price .

I do agree with you  because  bitcoins  price movement is somehow  moves  in small amounts which  you could  actually learn  how to trade with it  but   dont tkae it too easy because  trading  isnt easy  at all, the difference on  trading altcoins  is  its  more volatile compare  to bitcoin.

[goldcoinminer]

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

i will advice before go for direct trade of altcoin you should only trade with Bitcoin only ( buy btc at low prices and sell at high )
after 10-20 days practice of trading of bitcoin will make you knowledgeful to make trade with other coins also and you will able to make prediction of rise and down of Price .

I do agree with you  because  bitcoins  price movement is somehow  moves  in small amounts which  you could  actually learn  how to trade with it  but   dont tkae it too easy because  trading  isnt easy  at all, the difference on  trading altcoins  is  its  more volatile compare  to bitcoin.

Trading bitcoin will require you a good capital so you will be able to make good amount of money with its fluctuation, in altcoins it would be easy as the price move faster than bitcoin, but sometimes when you do not pay attention you will be victim of scamcoins or what they called shitcoins.