Newbie to Altcoins

[Warkop]

For beginners like you do not need to invest in altcoin first, if you do not know the basics of trading play in altcoin. I'm sure you'll regret the risk you get, because I'm thinking of investing in altcoin and starting trading on the market, it takes someone to tell you how to start a good trading, so you do not get caught up in the altcoin that Makes you lose Because of your own carelessness.

[Alveus]

Hi there, I'm new to altcoins. Anyone has some usefull tips? Or a strategy that worked for you?

diversification, hedge,...

[madwica]

For now altcoin is good to trade and to mine, in trading i do investment on the coin that i know have a potential to increase its value and i do not look in the value instead the life of the coin.
Mining i do noy know because i do not even try to mine but i can say that much better to mine altcoin than bitcoin now.

[eaLiTy]

First and foremost find out the most suitable exchange that suits you and plan on the coins you are willing to invest,you can look at the ANN thread here and can make a decision,just go to their official slack channel and follow what their plans and developments are and the volume of trade is also important,so all you have to do is take some time,select your exchange and decide the rest as i said above.

[xuan87]

I think the most reasonable way for newbie is to watch and observe the alt coin market, there are so many coins that circulate, find the one that you think have the great potential to make you earn money, if you still have no idea, then just look for the top 5 coin in coinmarketcap, see the demands of the coin and the trade volume and also big project that will happened

Make sure you only invest what you can afford to lose because alt coin market is very volatile and very risky to play

[staceyoh]

I advise that before you invest in an altcoin make
some research to that coin and if you think that it
has a potential in becoming succesful then start
to invest. The coin that I am currently using is
Expanse and I am sure that this coin will achieve
success in the coming years.

[darthmaul]

Altcoins are not profitable for newbies. What I mean is you study the market first, there are countless alt coins and it is hard to trust a single. They follow pump and dump strategy and can become zero value at any times. So it is advisable to you that you should go for bitcoins trades and gambling which is far away profitable than alt coin. Im not saying that you don't do alt coin but what I'm suggesting is read about them first, try out some exchangers sites for their prices. Look out the trends of buy and sell on the exchanger sites. This will give you clear idea. The alt coins are traded like at fraction seconds but it is very hard to believe which one will profit you most.

[noictib]

Hi there, I'm new to altcoins. Anyone has some usefull tips? Or a strategy that worked for you?

I will suggest you to understand the market of the Bitcoin and altcoin that how do they work in the sites and how can we make deals and how a coin/altcoin fall to dead or increase up in the market .
So always it is better to get study first and with this same time you should earn small small amount of the earnings from the faucet , signature campaign & social media signature campaign .
So in this way you will get knowledge in better way and then you can make profit in the starting .
I will suggest you to start your trading job in altcoin with the simple exchange that is easy to understand and operate .
For example yobit.net , this exchange is small and easy to handelable .
If get the better experience promote your work at poloniex  , bitrex like big exchange .

[AAAnditsgone]

Start with Understanding Bitcoin by Andreas Antonopolous. That will give a solid base of understanding for many other projects. They are all different!

[radjie]

There is no specific strategy for trading altcoin,
Calm and not panicky everything must be lived with patience.
Everybody can do it unless he has greedy and impatient nature that will face losses in this altcoin trade.

[ergie]

If you're just starting out, the single best strategy is to find a project, buy it and HODL!

[TrissMerigold]

if you got a decent sum of bitcoin better invest it on profitable alts like musicoin , eth or whatever or you can invest in on most succesfull ICO yet right now such as exscudo or minexcoin ... go to coinmarketcap and make an observation and use your analysis skill which is suits you

[arbitrage]

Prepare yourself for many different emotional states, which can vary from extreme happiness to sadness mixed with bitter taste in your mouth. This is how crypto can make your day.
*Learn as much as you can about crypto - economy and its rules.
*Learn on others mistakes, and try not to follow proven wrong leads..
*Use this forum(or twitter etc..) as teacher not as a guide!
*Exclude your emotions while trading.
This is in short.

[dihari]

I think you are newbie to all things in this forum. You said you some useful tips from anyone here, but you'd never reply anyone who wants to help you in this thread. You make a thread and faded like a ghost just for making an activity in this forum.
At least tell us the specific tips you need to do, and I can suggest you to read the whole things about cryptocurrencies.

[dady12]

there is no big deal in trading as I  am also new in trading but I can tell you that some online video help me to understand more about trading,you just have not to be panic when you are on the loss as the market can bounce back and you can take some profit,always remember to make some research about the coins you want to buy and invest what you can afford to lose on which ÷her coins you think have a potential to grow

[Souldream]

Hi there, I'm new to altcoins. Anyone has some usefull tips? Or a strategy that worked for you?

first you need to know what coin  you want to try and you want to invest int, then you need to find out if the coin you are investing is quietly good and many people are investing on it, that would be one of the good tip. Trading is a big thing, but as for me i didnt refer for a newbie to trade to earn, because it requires an experience and a high risk, yes we can earn a lot in trading but we can lose a lot too if we are not familiar on it, try earning in faucet first or try to invest some in trading and learn little by little before you will invest big.

[Idrisu]

Hi there, I'm new to altcoins. Anyone has some usefull tips? Or a strategy that worked for you?

since you are new here I will advise you to start with studying how to trade altcoins first, as that will determine if you will succeed or not. Trading is a game of skills and taking another man strategy my not work for you as you will need to develop your skills yourself. The reason why majority are missing in trading is because they spend much time looking for strategy instead of developing they skills.

[ChinkyEyes]

I was introduced to alt coins by a friend, he told me to invest in an alt coin when I only heard of Bitcoin. So I took the oppertunity, invested 500 and its now worth 50 times that. After I saw the first rise in my investment I started looking into different alts and I now I have a couple of them.

Never invest money you cannot lose.

[Mpamaegbu]

Hi there, I'm new to altcoins. Anyone has some usefull tips? Or a strategy that worked for you?

Your question shows laziness on your part. You're a Newbie with just TWO posts and you want to quickly  find out any strategy that has worked for more experienced and older members of this forum. Nobody is going to easily hand over to you what works for them, trust me. You should find time to familiarize yourself with the forum first and learn from researches before seeking a get rich quick solution.

[Jeger.Kiting]

Looks like I see it's very important to get to know Altcoin as a beginner like me, and I've read the posts on this thread a lot of suggestions, this is very useful for me in the future.