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Author Topic: Confuse about altcoin  (Read 1312 times)
terrate (OP)
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March 06, 2017, 04:24:32 PM
 #21


What do you want to know exactly? I would suggest asking a coherent question and we might be better able to assist you.  Tongue Huh Cheesy

~~

If you want a long list of currencies, you can find that here: http://coinmarketcap.com/

thx your coinmarketcap website. ^^
when i first time see so many altcoin, i don't know choose which altcoin to trade.
Then i want to know more about the altcoin information. It is not like the USDJPY i can easily find the news / information online.
So if somebody can share the information of the altcoin website would be better for me to know more about the altcoin.

Before you do trading, u will check which website to decide your trade?

  
terrate (OP)
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March 06, 2017, 04:31:52 PM
 #22


Yes, I recommend also to OP to visit coinmarketcap.com for coins performance and ranking to have an idea for market capitzation etc. Also you can visit http://www.altcoinwatch.com/altcoin-list/  for altcoin list or if you are in exchanges, in coins info they have link here on bitcointalk ANN page. Just browse and research.

thx clickerz that's the website i want. ^^ information for the altcoin newbie like me.
terrate (OP)
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March 06, 2017, 04:33:56 PM
 #23



making profit on altcoin via trading is very minimal and very risky, don't follow them unless you have a high experience in trading, my only advice is to buy new coin and wait for the pump, don't buy old coin, they are often already died

Hi ayers, got any website can show before the new coin is release ? ^^

Just like before ICO there's some website to introduce.

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March 06, 2017, 04:43:30 PM
 #24

there are thousands of these altcoins already some of them offers the same thing over and over. it helps if you just invest to the ones very legit which are on top of these list http://coinmarketcap.com. if OP wants to trade coins, just stick to the ones listed on top, maybe up to 50 of them. forget the ICOs.

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pereira4
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March 06, 2017, 04:45:43 PM
 #25

Poloniex is the best altcoin exchange, because it got the best volume, that's all. it's all about volume, if the coin has no good volume, it is an useless coin, unless the technology is really great and most people haven't caught up yet, then that would be a good opportunity to buy, other than that is just a big gamble.

Bittrex is good sometimes, since they get coins before polo.
terrate (OP)
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March 07, 2017, 04:36:55 AM
 #26

Poloniex is the best altcoin exchange, because it got the best volume, that's all. it's all about volume, if the coin has no good volume, it is an useless coin, unless the technology is really great and most people haven't caught up yet, then that would be a good opportunity to buy, other than that is just a big gamble.

Bittrex is good sometimes, since they get coins before polo.

You have a good explanation.i easily understand. thx ^^

there are thousands of these altcoins already some of them offers the same thing over and over. it helps if you just invest to the ones very legit which are on top of these list http://coinmarketcap.com. if OP wants to trade coins, just stick to the ones listed on top, maybe up to 50 of them. forget the ICOs.

thx your note ^^
dinofelis
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March 07, 2017, 06:07:00 AM
 #27

Beginners will be very difficult to make money on this.
You will most likely fail.

And I want to ask you yourself, how does this your suggestion actually help him out?

To make him see the most essential aspect of crypto, which is that it is essentially a zero sum game, and that the idea that one "can make money from it" implies that others must lose an equal amount of money ; and that if you're new to the game, most probably you're on the losing side.

This is entirely different with a question like "there are so many cryptography texts and books, I'm confused, I want to learn cryptography".   "learning cryptography" is not a zero-sum game.  When one person acquires more knowledge, it doesn't mean that another person has lost that knowledge.  So there, every beginner can be helped.   It makes sense to "want to lift your confusion to learn cryptography".   But "wanting to lift your confusion to make money with alt coins" is something different.  You need to be warned that there must be as many losers as there are winners, and that, if you're a beginner, most probably you will be losing.
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March 07, 2017, 09:37:39 AM
 #28

losing is also part of trading but like i said stick to the coins thats very legit and learn to wait. these coins drop like its going to dip down to zero but its really not. take eth for instance, last few weeks it was like 0.008 btc.

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terrate (OP)
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March 08, 2017, 02:58:53 PM
 #29

losing is also part of trading but like i said stick to the coins thats very legit and learn to wait. these coins drop like its going to dip down to zero but its really not. take eth for instance, last few weeks it was like 0.008 btc.
how u know the coin is very legit?

can have some sharing here?  Grin
terrate (OP)
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March 08, 2017, 03:00:42 PM
 #30

Beginners will be very difficult to make money on this.
You will most likely fail.

And I want to ask you yourself, how does this your suggestion actually help him out?

To make him see the most essential aspect of crypto, which is that it is essentially a zero sum game, and that the idea that one "can make money from it" implies that others must lose an equal amount of money ; and that if you're new to the game, most probably you're on the losing side.

This is entirely different with a question like "there are so many cryptography texts and books, I'm confused, I want to learn cryptography".   "learning cryptography" is not a zero-sum game.  When one person acquires more knowledge, it doesn't mean that another person has lost that knowledge.  So there, every beginner can be helped.   It makes sense to "want to lift your confusion to learn cryptography".   But "wanting to lift your confusion to make money with alt coins" is something different.  You need to be warned that there must be as many losers as there are winners, and that, if you're a beginner, most probably you will be losing.

Yes i know trading there's must be winner and loser.
And i just want to learn it.

As many ppl do trading, there's must be something on it.
So can u sharing any experience on trading?

thx...
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March 08, 2017, 03:06:14 PM
 #31

Yes i know trading there's must be winner and loser.
And i just want to learn it.

Because you want to be a winner, or because you want to be a loser ?  Both are valuable.  Losers actually much more so than winners.  We only need a few winners, but a lot of losers.

Quote
As many ppl do trading, there's must be something on it.

Honestly, if you are saying this, don't you think you're on the losing side ?
Most people that trade, lose money.  Some people make a lot of money.  The reason why many people trade, and lose systematically, is that they are not capable of estimating correctly their own inability to do so.  It is similar to the Kruger-Dunning effect:

https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

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March 08, 2017, 03:09:37 PM
 #32

Hello all. im newbie on digital currency.
First i see yobit so many currency, i got confuse ald.

Then i see the topic here...omg...i totally confuse.

So can any moderator or any ppl can share where can got those altcoin information? even a list can help too..

seems that many profit on altcoin trading...

Thx....really confuse.. Huh

there is a coinsinfo page on yobit. You can find there links to btt topic, explorer, etc
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March 08, 2017, 05:01:01 PM
 #33

Hello all. im newbie on digital currency.
First i see yobit so many currency, i got confuse ald.

Then i see the topic here...omg...i totally confuse.

So can any moderator or any ppl can share where can got those altcoin information? even a list can help too..

seems that many profit on altcoin trading...

Thx....really confuse.. Huh


Hello! Maybe this will help you, someone finds answers to your questions here Wink
https://coinmarketcap.com/
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