What's your strategy when buying altcoins?

[kanazawa]

I look into many places like here in the forum, ask opinion for experts, but don't forgot good web news and some exchanges sites, mainly the stats, charts and chats. Must of it has official websites and every coin has a "lifespam cicle" where you can analyse and compare one witch other. Also, you can see if there's no P&D, or a stillborn scenario.

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[Ayers]

Besides diversification, one of my strategies is to never trust anyone unless they show you immutable proof of their trades:

Why not?

Ever since bitcoin was invented, it is now easy to see who is telling the truth

Disclaimer, I buy low and sell high:
https://steemit.com/@steemjesus/transfers

And who can really pick winners  

unless you are an experienced trader you need to trust someone i think, otherwise what the point of posting in this thread in the first place? a pro trader would never care about trade like this, he already know what to do

[Ubiquoin]

As long as you are selling for higher than you bought, you're good

[BitMaxz]

As long as you are selling for higher than you bought, you're good

But the problem after you made a profit the price will decrease again and you will still invest and instead of the price will increase again its decreasing and you will lose a profit.. better to know the altcoin first if it will still stay for a long time.

[Ubiquoin]

As long as you are selling for higher than you bought, you're good

But the problem after you made a profit the price will decrease again and you will still invest and instead of the price will increase again its decreasing and you will lose a profit.. better to know the altcoin first if it will still stay for a long time.

Good luck with your trading. Sounds like you're not following my advice.

[CryptoCamel]

stick to the higher volume coins initially (see coinmarketcap.com)

dont get married to a coin

remeber anyone trying to convince you to buy or hold a coin is usually just looking after their own investments

see altcoins purly as a way to get more bitcoins

take profit along the way but try to hold ur winners as they 'can' go much further than you might imagine

cut losses pretty quickly... again high volume coins that seem to have stabalised means you can tollerate a longer loss period imo.

Try to get some order and methodology...that way you can focus on what works for you and stop doing what doesnt work

oh! and lastly ... buy yourself a copy of uads.io!

[anticlimax]

The most basic strategy buy low and sell high. Always trust your gut feeling and don't ask for advice on which alt to buy.

I disagree with that advice about listening to your gut feeling. If you perform a self experiment your gut feeling is what usually makes you do losing trades. So the advice should be to go against your gut feeling and do the proper research before making that buy order.

That is the dumbest thing I've heard all week.

[robstak]

The most basic strategy buy low and sell high. Always trust your gut feeling and don't ask for advice on which alt to buy.

I disagree with that advice about listening to your gut feeling. If you perform a self experiment your gut feeling is what usually makes you do losing trades. So the advice should be to go against your gut feeling and do the proper research before making that buy order.

That is the dumbest thing I've heard all week.

I wonder how much money did he lose after going against his gut feeling. 

[sukamasoto]

I'm usually seeking altcoin that quite well known and exist over a year. I'm also looking high value of altcoin since I can made great profit within a day
Ofcourse that will be the risk and as far as I'm trading, I still profit position at the moment

[European Central Bank]

make sure it's on one of the big exchanges. make sure it hasn't done anything in the last few weeks or months. buy some. sit there for the inevitable pump. sell and forget. go find the next one.

that's all anyone needs to know these days. I wonder how long it's gonna last.

[adhitthana]

What's your strategy when buying altcoins?

I try to find coins with unrecognized potential. All the better if they have a catalyst approaching

[Maloppo]

Well for me this is not my own strategy i just  do this when some professional telling me about this method that you should choose top 20 altcoin those legit altcoin in top 20 are legit that you can get and make a profit even in long term..

where to see top 20 altcoin
and how to know this legit altcoin or not? thanks in advance.

[CoinBreader]

learn the market of the alt you are looking buyin into , research about it heavily & constantly , be aware of their roadmap progress etc and then you will have a winner!

[JITENDERPAR3]

What's your strategy when buying altcoins?

When we enter the world of trading. The first
thing the we think of is what thing we should
consider first when buying altcoins. Or, the coin
that we choose is worth to risk of. Any ideas of
what strategy we need when buying altcoins.

by that altcoin which is useless because the useless coin have low price rate and when increase we get profit . many times i bought less famous coin and getting the peofit within month .

[SANALIU]

my strategy buy altcoin
iam buy is very low price or after big dump super dump and big down
and iam choose is good coin, good community and good volume transaction

[markus124]

they pump every single coin in poloniex. U just need to found a good entry point and then be patience.

[arwin100]

What's your strategy when buying altcoins?

When we enter the world of trading. The first
thing the we think of is what thing we should
consider first when buying altcoins. Or, the coin
that we choose is worth to risk of. Any ideas of
what strategy we need when buying altcoins.

by that altcoin which is useless because the useless coin have low price rate and when increase we get profit . many times i bought less famous coin and getting the peofit within month .

That could be risky but nice idea since i am doing it also sometimes and it really works since those dying ones with potential have chance to get back alive since dev pumps he's coin so it will not die totally, but we must consider to buy those only reliable ones and not those shit ico scam coins who's been listed on different various site so we can earn and don't donate if we lose together with those died coins.

[jack1111]

What's your strategy when buying altcoins?

When we enter the world of trading. The first
thing the we think of is what thing we should
consider first when buying altcoins. Or, the coin
that we choose is worth to risk of. Any ideas of
what strategy we need when buying altcoins.

I would advise to stay away from any coin which is listed on yobit only , because yobit accept any coin , for that most of scam coins go to yobit firstly , and as a trader I have learnt several lessons .
The best exchanges to trade are Poloniex and Bittrex because they check the coin situation before they list it .
Do not trade many coins at the same time and focus on two or three coins.

[danherbias07]

Drimk a lot of coffee, stay awake and be wise in making decisions. If you feel thr profit take it. Dont be too greedy on thinking I want more. You will end up losing with that kind of behavior.

[BitFinnese]

Main rule in altcoin trading is don't buy at peak price and never sell on dip being panic as well as don't go with hype over chat rooms in exchangers.

I like this comment, this will  enable you to minimize your lost.  But first of all do your research.  Browse the page of the coin you like, study it then decide which one you think will likely bring profit for you.  Of course you need to  know some basic trading skills too. It is a must for every trader.