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Author Topic: Want to get into trading, please help!  (Read 1098 times)
mikehersh2 (OP)
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September 05, 2016, 06:24:20 PM
 #1

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin

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September 05, 2016, 07:36:27 PM
 #2

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin

Rent your signature like you are doing right now, and start with YoBit, C-Cex, Poloniex or Cryptopia. Sites that you can buy altcoins with a minimum of 10.000 Satoshis, por example.
Before buying a coins, read the thread of the coins, what the people think and of course if you think that coin has future. If that's true, the price will go to the moon. But not buy, just for buy...

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September 06, 2016, 01:50:03 AM
 #3

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin
Bro If You Have Some Btc Right Now Then I Suggest You To Make An Account On Yobit.net And Buy Blry Coin From There Because There Is a News About Blry That It Will Increase To Minimum 5000 Satoshi In November and if You Don't Have Some Btc then Start Collecting Them...
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September 06, 2016, 09:29:36 AM
 #4

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin

start visiting the altcoin boards: the announcements and also the discussion and the new speculation board and read the topics there. but remember that not all of the topics are good and honest. most of them are trying to dump the bags they have been holding that is why they are advertising the coin.
in time you can learn how to read those and only use the ones that are useful.

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September 06, 2016, 10:32:09 AM
 #5

In my view getting into digital currency trade is not risky, when you have a good amount to invest. Initially you could start with small amount and depending upon the way you get profited you need to decide whether to increase the investment or not. Also one important thing is that you need to have close observation over altcoins so to select the right coin to trade with.

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September 06, 2016, 07:55:24 PM
 #6

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin

Just to remind... trading is not always profitable so use only what you can afford to loose.

Nothing is quick and to become a successful trader you need have a lot of experience or be incredible lucky. Don't think anybody going to share his real good working strategy (I would definitely not if had any) and some users could even try to mislead and manipulate you towards their own profits, just be cautious.

I think you should first get some knowledge and catch the terminology by reading post dedicated to exchanges so you know what people are discussing. Then begin to trade using small amounts and see how the market works. Maybe later after developing your skills you can try automated trader e.g. CAT to increase your profits. 

Popular exchanges are poloniex.com yobit.net and bittrex.com

good luck

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September 06, 2016, 08:04:28 PM
 #7

you can trade at poloniex and c-cex these two are good as they freeing there space from some shitcoins, trading in altcoin is good but you have to read more often because there are some coins that are shitcoins you have to know the coin that worths good.
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September 06, 2016, 09:12:42 PM
 #8

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin

To start trading firstly you should have a budget which I believe until now you could have 0.05 or more.

But any amount 0.01+ could work at the beginning to help understanding the trading concept, when to invest, when to sell.

For more I would suggest to follow this thread, there are many good answers: New to alt coin trading, Help
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September 07, 2016, 03:00:02 AM
 #9

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin
What we can help in the trade altcoin because any decision was taken by the trader  want to invest on what. try to find the news about the coin you want invest on it.

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September 07, 2016, 04:06:36 AM
 #10

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin
Trading is risky way too but you can make money in trading by trading altcoins.My suggestion is research something in the altcoin that you want to trade.
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September 07, 2016, 04:13:31 AM
 #11

I would recommend you to start your trading at yobit because it is best place where you can start trading with altcoins with pretty small amounts also.In the start use only satoshies to trade and try to learn which i am also doing right now and with experience we automatically get to know most of the things.
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September 07, 2016, 04:27:29 AM
 #12

hello there! What I would really want you to is, to spend a lot of time and effort to read and understand about the world of cryptos before jumping in. Never trust what others tell you especially when it comes to altcoins trading. You can find any users shouting buy this sell that in yobit and even in other sites, they just want you to buy their shit. In other words, they just want your bitcoin in exchange the shitty coins they hold.

Trade with a amount you can loose. You must have heard this a lot of time. The trick the moment you sent a certain amount of bitcoin to an exchange for trading, consider it as lost! if you can handle this feeling, then welcome to the world of trading.

Buy low sell high does work to an extend in cryptos. Just make sure you get you timings right. All the best!


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September 07, 2016, 04:34:18 AM
 #13

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin
in my opinion you should start with the whatsapp group of those persons who weekly or daily need btc to buy or sell . since in starting your earning will be small but after one month you will became also experienced trader like me . and then you can also trade with high profile site when btc price rise and grow .
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September 07, 2016, 06:01:21 AM
 #14

The most important thing is that you do a thorough research before investing in any coin. Most new altcoins that come out don't last very long, don't be caught holding a bag of worthless coins. You can make money from pump and dumps but you need to know when to get out. Don't get greedy, don't push your luck.
As for exchanges, I've always preferred Bittrex over Poloniex but that's just me, I just like their interface better.
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September 07, 2016, 07:45:35 AM
 #15

The most important thing is that you do a thorough research before investing in any coin. Most new altcoins that come out don't last very long, don't be caught holding a bag of worthless coins. You can make money from pump and dumps but you need to know when to get out. Don't get greedy, don't push your luck.
As for exchanges, I've always preferred Bittrex over Poloniex but that's just me, I just like their interface better.

That is completely true.
Unfortunatelly I have not found a way to gather trustworthy information.
There are always the ones who want to push a currency, and others who want to drag it down.
I think the capability of differencing between good and bad information takes some time (years) of training.
Don't expect to be successful from the beginning. And don't risk more than you can afford to lose.
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September 07, 2016, 07:46:18 AM
 #16

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin

i suggest you to start reading something about trading...
at least the basics like order type and understanding terms like commission, lippage and drow down.
the try to simulate your strategy with paper trading... to check how is strong.

forget to do easy money with trading...



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September 07, 2016, 08:03:25 AM
 #17

Don't trade altcoins, it requires a lot of time, dedication, knowledge about upcoming coins and existing ones.
You will do much better if you buy some bitcoin and sell it while high and re-buy while low.
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September 07, 2016, 10:32:41 AM
 #18

you can start to register with market exchange, and there are many option you can register with, for the example in poloniex, bittrex, yobit, c-cex, cex.io, cryptopia, and else.

if you have small amount, you can go to yobit or poloniex or bittrex. before you trading, you need to watch and see what coins that suit for you, and you need to know when the right time to buy the coins which is when the coins is reach the low rate, and you sell when the rate is up. don't expect to get much profit, but reach for stable profit first, if you can do it as easy, then you can scale up your trading amount and you can earn more profit.

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dunfida
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September 07, 2016, 11:07:26 AM
 #19

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin

i suggest you to start reading something about trading...
at least the basics like order type and understanding terms like commission, lippage and drow down.
the try to simulate your strategy with paper trading... to check how is strong.

forget to do easy money with trading...




reading  important informations  about trading    would be badly needed  if you are  deciding  to  do trading since its  not an easy thing to do if you dont have enough knowledge about it because  if you rush up into it  you wont  know what you would do and  surely your money would only go to  waste.

Vinz24
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September 07, 2016, 12:27:53 PM
 #20

I want to get into trading with alt coins, and i want to know where to begin. Just looking to make some extra btc. Please help, thanks! Grin

Basically just follow the rule, buy low sell high. I know its not easy than done. Expect that the price is unpredictable, so I suggest that dont put all your investment in one alt coin. And if you have time try reading some advance trading tip. Because you wont learn all of them here. There is a lot of it in google.

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