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Author Topic: I'm a beginner, I want to start trading. What should i do?  (Read 11428 times)
Phoenil
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April 11, 2017, 02:24:59 PM
 #1

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.
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April 11, 2017, 03:31:29 PM
 #2

Well, the safest thing you can do is just hold your Bitcoin and after many years its value can indeed be reaching 500K and by that time you can be living an easy life. But if you think you don't agree with what I said then the best thing to do is invest it with BitconnectCoin as the price right now is on appreciative mode am sure you can make some money here plus BCC can easily be converted back to Bitcoin for your convenience using some few clicks. Thanks and good luck to your many endeavors in life.

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April 11, 2017, 04:14:55 PM
 #3

Trading altcoins is a good way to build up capital but it goes hand in hand with the following: 'always use money you can afford to lose'. I think you should start with doing research. There are a couple good videos on YouTube that will get you started.
I would recommend using poloniex for trading your altcoin simply because they have the largest amount of volume.
To answer your fourth question I wouldn't recommend getting involved with bots right of the bat. Try things out and make sure you know what you're doing before you get things automated.
I can't really put a number on the risk factor simply because there are 1000s of altcoin out there. Just make sure you avoid pumps and dumps some coins tend to explode today for instance and get dumped the next day.
So my advice in short. Learn it. Understand it. Believe it. Trade it.


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April 11, 2017, 04:29:27 PM
 #4

You don't want to invest your money in some risky moola, but trading is risky as well, especially with Alt Coins. You can try on Youtube to find some tutorial videos about it. Most Alt Coins are dying every day, because they are very unstable and sometimes you can buy a ''trusted'' Alt Coin and see a low flutuation, making the profit hard to happen...

Bitcoin is better, you already have 0.5 BTC, you can just hold it and sell when the price hits big prices. If you think the price will hit half million of dollars in 2030 just hold it... Sell and buy your BTCs meanwhile, it's the safer trade in my opinion.

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April 11, 2017, 08:58:25 PM
 #5

First, study the forum.
Many of your questions will be answered here.

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April 11, 2017, 09:58:49 PM
 #6

First of all i want to thank you everyone for your answer and your time.

@iamTom123 Thanks for your beautiful words. I've read about BCC and I'm thinking about it, but also like @mrcash02 said, I'm thinking to hold BTC and resell when it goes a lot higher, maybe helping myself with some tips that I find on tradingview.com and then buy again when it drops.

The question now is that I'm using a Coinbase wallet and if I want to sell my BTC I have to pay around 7-8€ fees. Is this okay or I can do this operation with less fees?
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April 11, 2017, 10:10:08 PM
 #7

First of all i want to thank you everyone for your answer and your time.

@iamTom123 Thanks for your beautiful words. I've read about BCC and I'm thinking about it, but also like @mrcash02 said, I'm thinking to hold BTC and resell when it goes a lot higher, maybe helping myself with some tips that I find on tradingview.com and then buy again when it drops.

The question now is that I'm using a Coinbase wallet and if I want to sell my BTC I have to pay around 7-8€ fees. Is this okay or I can do this operation with less fees?
There are Bitfinex and BTC-e. Both take up to 0.2% fees on trades, which is equal to $2 when trading $1000. Besides, it's dangerous to keep your Bitcoins on an online wallet, they control your funds and know your private keys, so your precious bitcoins are subject to be stolen. Use an offline wallet with high security measures, if possible.
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April 11, 2017, 10:13:56 PM
 #8

First of all i want to thank you everyone for your answer and your time.

@iamTom123 Thanks for your beautiful words. I've read about BCC and I'm thinking about it, but also like @mrcash02 said, I'm thinking to hold BTC and resell when it goes a lot higher, maybe helping myself with some tips that I find on tradingview.com and then buy again when it drops.

The question now is that I'm using a Coinbase wallet and if I want to sell my BTC I have to pay around 7-8€ fees. Is this okay or I can do this operation with less fees?
There are Bitfinex and BTC-e. Both take up to 0.2% fees on trades, which is equal to $2 when trading $1000. Besides, it's dangerous to keep your Bitcoins on an online wallet, they control your funds and know your private keys, so your precious bitcoins are subject to be stolen. Use an offline wallet with high security measures, if possible.

What do you think of Poloniex?
Btw, you mean that Coinbase can steal my Bitcoins?
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April 11, 2017, 10:17:05 PM
 #9

First of all i want to thank you everyone for your answer and your time.

@iamTom123 Thanks for your beautiful words. I've read about BCC and I'm thinking about it, but also like @mrcash02 said, I'm thinking to hold BTC and resell when it goes a lot higher, maybe helping myself with some tips that I find on tradingview.com and then buy again when it drops.

The question now is that I'm using a Coinbase wallet and if I want to sell my BTC I have to pay around 7-8€ fees. Is this okay or I can do this operation with less fees?
There are Bitfinex and BTC-e. Both take up to 0.2% fees on trades, which is equal to $2 when trading $1000. Besides, it's dangerous to keep your Bitcoins on an online wallet, they control your funds and know your private keys, so your precious bitcoins are subject to be stolen. Use an offline wallet with high security measures, if possible.

What do you think of Poloniex?
Btw, you mean that Coinbase can steal my Bitcoins?
No one can steal your money but still its not recommended to keep money on exchanges better keep them safe under your control Poloniex is very good and you can try them I am also using for some time without any problem




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April 11, 2017, 10:47:39 PM
 #10

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

You can just hold your bitcoin if you really believe this.
But I'm completely new in this world.

1) What should I start?

You should start reading. Read all about altcoins, altcoin announcement and development.  And study how they behave.

2) Which platform should I use?

Any platfrom that trade bitcoin and altcoin will do, just make sure to avoid suspicious trading platfrom.

3) How can I analyze the Altcoins?

Check their forum, see their trading volume, check their charts and be aware of latest news and update.

4) Auto or Manual?

Why not combine and use them both.
5) From 1-10 how much is risks in trading Altcoins?

Depends on your level of skill in trading, if you are a novice it is 10 (being the highest risk) and if you are a professional it will be 1 or 2



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April 11, 2017, 11:32:34 PM
 #11

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

Well first of all good luck. But realize that no successful trader is going to hand over his or her techniques for entries and exits, stop losses and money management. They learned it the hard way in the trenches and often some expensive lessons learned. The best thing you can do is study the masters who have written books and trade on paper until you have proven to yourself you have a shot at making money. It will not be easy but you might have some fun. Trading is not for everyone. Day trading is pretty stressful so you might want to concentrate on medium to long term trades. Or not bother at all and just buy and hold bitcoin and perhaps a few altcoins like Monero which have real value as they offer something bitcoin can not.

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April 12, 2017, 02:08:24 AM
 #12

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.
You should start on knowing about basic trading lessons and next learn about cryptos then try to trade on small amounts on reputable exchanges like polo,ccex,bittrex and there are lots to mention and then always seek for potential altcoin.

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April 12, 2017, 02:30:48 AM
 #13

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

Hello ts, First thing you should do is study how trading works there's a lot of thread in this site that help you and give you idea. But be wise on trading Good luck ts.

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April 12, 2017, 02:34:16 AM
 #14

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

0.5BTC is a good capital to start trading. That would give you a decent amount of profit. However, since you are only starting to know trading. I suggest you start with just 0.01 BTC, reason? To prevent huge loss of BTC since Altcoin trading involves high risk since you are not familiar with it yet. If I am going to rate that for you its 10.

3) How can I analyze the Altcoins?
Quote
1) What should I start?

Start with the basics, trade with once currency and try to master how the market goes, what factors affects the movement of the market, right timing to buy and sell and where to hold the currency. That should take you at least 1 week to familiarize those.

Quote
2) Which platform should I use?

Well personally, I found it easy to trade in C-cex.com since they have the most simplest platform in trading. Its newbie friendly site. Have a try.

Quote
3) How can I analyze the Altcoins?

Have a deep research first on the coin. If it has ANN Thread. Look for its reputation. That would help you decide whether to trade that coin or not.

Quote
4) Auto or Manual?

Personally, I haven't tried trading in Auto (bot) so I suggest trading with manual. That will also help you understand how the market goes and generate BTC with yourself.

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jossiel
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April 12, 2017, 03:02:50 AM
 #15

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

First, where did you read / heard about that speculation that price of bitcoin will be that high on 2030? Trading is popular and one of the best way to earn bitcoin nowadays.

1) What should I start?

Since you are telling that you don't have complete knowledge on trading, study on how trading works, about the buy and sell activity of it. And on how you are going to divide that 0.5 BTC.

2) Which platform should I use?

Use those popular sites like poloniex,bittrex and if you want to try out trading for free, I can suggest yobit, they are offering free alt coins.

3) How can I analyze the Altcoins?

You can follow some threads about those coins, each of them has an announcement thread on this forum, https://bitcointalk.org/index.php?board=159.0

4) Auto or Manual?

I would not advise to trade with auto or using bot for your trade, it's better if you'll experience it the usual way and do manual trading.

5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

There's no certain rating on how much risk you will get in trading of alt coins because the market is keep on changing. If there is, I guess it's 5.






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ANN Thread
quickdeal
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April 12, 2017, 04:31:39 AM
 #16

great platform to start trading its localbitcoin.....then afer you can go to paxful but you have to read all books from bitcoin.org, and dev boad on this forum
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April 12, 2017, 04:40:02 AM
 #17

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.
1. You must read about trading discussion on bitcointalk, many informations for the beginner.
2. For trading altcoins you can use poloniex.com because it can be trusted.
3. You must learn about analysis technical for making prediction the price, many source about it on YouTube you can check on there.
4. For first time manual because if you use trading robot, the bot doesn't mean good for you.
5. 10 is risk in trading altcoins because many shitcoins.
Please move this thread on trading discussion not on here. Good luck

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jualidbitmixer
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April 12, 2017, 04:59:27 AM
 #18

Hello to everyone!
Thanks for reading my thread. Any tips and advice will be appreciated.

I have 0.5BTC and I'm not going to invest them in some risky moola because I think that in 2030 Bitcoin's price will be almost 500.000€/BTC.
I've read that trading with Altcoins can be a good strategy of investing to make more capital and hold.

But I'm completely new in this world.

1) What should I start?
2) Which platform should I use?
3) How can I analyze the Altcoins?
4) Auto or Manual?
5) From 1-10 how much is risks in trading Altcoins?

Thanks for your answer. If you have any other tips, suggestion, its highly appreciated.

0.5 bitcoin is a big amount of bitcoin for me. I think you should try the Demo first on the trading sites, you can try, learn and adapt first on the trading sites. When you already confident about your trading, you can start using your real money/bitcoin. Find many informations about altcoins, go to their ANN thread, look their updates and if all good, you can invest on that altcoins. Good luck on your trading.

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April 12, 2017, 07:11:09 AM
 #19

If you really want to earn you should take the risk, trading is also high risk if you don't know what to do. You have prediction thay it will be 500.000€/btc then why not to hold the coins? No risk at the same time.


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April 12, 2017, 12:00:06 PM
 #20

If you really want to earn you should take the risk, trading is also high risk if you don't know what to do. You have prediction thay it will be 500.000€/btc then why not to hold the coins? No risk at the same time.
it is the risk of each job. but for me trading have less risk than playing gambling. in trading we will not lose all the money we have. maybe at most only about 20% to 50%. I would argue that investment in trading is safe. each person must have a different opinion.  Smiley

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