Choose altcoin for trading

[bucker steemit]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

If you are just learning about trading. You should not put eggs in 1 basket. Suppose you have a capital of $ 100. From 100 $ you divide into 2 coins. And you should look at the ltc and eth they are a very stable market today.

[Trela]

Yes better to choose altcoins for trading because you can choose which coin you can buy or sell. And altcoins are easy to get profit especially if you know how to short trade. I've been trading altcoins since 2015 i do only short trade.

What strategy do you use, Fudmental or technical analysis..? Maybe you can share knowledge about how you are trading..

both strategy fundamental and technical analysis is helpful for us to analysis and with botch strategy, we can know almost 85% the coins movement. as long as we want to learn about how to use the analysis, we can mastered it and we can easy to use the strategy. no matter if we are only mastered 1 strategy because we can do many thing to analysis the coins.

This is only true if the coin has enough volume if it does not then it is useless to use those tools to try to predict the market since there are pump and dump groups that could very easily change the dynamic of the trade taking place in a coin in a matter of days.

Although technical analysic just have nature average predictive price, but when you use it still know the picture on crypto market.
Example: With an altcoin pumped by some group, you can know this is waves 1 (elliot) or waves 2 and can countinue pump or not!

[daniel244king]

FootyCash is a good altcoin for trading.

Here's why:

Footy Cash (FOOT) has seen a meteoric rise in valuation for the past month; with a price increase of more than 5000%+ on multiple exchanges.

https://www.cryptopia.co.nz/Exchange/?market=FOOT_BTC#

https://bitcointalk.org/index.php?topic=1374929.0

I think the reason being is that:

1. Footy has Rarity - Only 4 million coins total can exist.  There is a small POS inflation rate - about 3% annually (for staked coins only).
How many of you can say like the Winklevoss twins - that you own whole percentages of a cryptocurrency.  
Looking the current price of FootyCash you actually might be able to!

2. Footy is the first Fantasy Sports Crypotocurrency ever made. - Footy is the Bitcoin of Fantasy Sports!

3. Fantasy Sports is a multi-billion dollar industry - with tens of billions of dollars in annual revenue just for Fantasy Football alone!  If you count all the illegal gambling the figure goes much higher - maybe hundreds of billions? (not that I am condoning illegal gambling - but it's a fact of reality that must be considered anyway).

4. Coinmarketcap list just under 900 altcoins; of those listed only a  small percentage of altcoins have a cap of less than 4 million total coin.  Every coin on coinmarketcap with a rarity of less than 7 million total coins produced are all worth more than $2.00 USD - with the exception of Dreamcoin (because of YOBIT) and FOOTY CASH (which is currently undergoing a price correction: 5000% increase in the past month alone.)

5. The coin was greatly undervalued because of unawareness of the Footy cryptocurrency and Fantasy Sports as well.  As more and more people become aware of its value the price will continue to rise. The price may go higher than $10.00 USD per coin before the end of the year!

6. FootyCash has a great developer, active development, and the best community support!

7. FootyCash has a promising roadmap and is currently developing Masternodes and Anonymous Send like DASH and PIVX for the next release.

8.  The name FootyCash may sound funny but "Footy Cash" is an actual English term (apparently):  

     https://www.power100.com.au/news/local-news/81959-footy-cash-to-go-to-good-friday-appeal
     and
     http://www.heraldsun.com.au/ipad/california-club-brothel-sues-in-footy-cash-feud/news-story/bd77f7d397a34a067342a113b5bfa5d8

9. DraftKings, FanDuel, and other Fantasy Sports companies are getting the legislative green light to operate in most U.S States and other countries as well.  

https://www.law360.com/articles/944544/draftkings-fanduel-can-focus-on-dfs-legalization-post-deal

Over the past year and a half, DraftKings and FanDuel have been able to convince state lawmakers in eight states to expressly legalize DFS, most significantly in New York as it ended lawsuits by the state attorney general.

    When these companies decide to follow the trend of most corporations and switch to blockchain technology - I guarantee you that they will take a hard look at FootyCash first!

Why would Draftkings or Fanduel select FootyCash (FOOT) for customer deposits/withdrawals over conventional Cryptocurrencies such as Bitcoin or Ethereum?  Why should they use FootyCash over Bitcoin?

FootyCash (FOOT) is the first cryptocurrency designed for Fantasy Sports and there are only 4 million total coins ever; as good as those reasons are, what makes FootyCash a better choice over Bitcoin for DraftKings and Fanduel customer deposits/withdrawals are the following reasons:

FootyCash's roadmap and ongoing development will make FootyCash far better for Fantasy Sports than the other more popular coins such as Bitcoin, etc.

FootyCash will have features that are specifically designed for Fantasy Sports and gambling as a whole.

One example is an Anonymous Send feature like DASH and PIVX.  Bitcoin does not have Masternodes nor an Anonymous Send feature but FootyCash is currently developing these features.

The legality of Fantasy Sports in every country is not clear, most being ambiguous at best. Even though most U.S states are legalizing Fantasy Sports gambling there are some people who would feel more comfortable with a coin designed to protect them in the area where the law may not be clear.

Both Draftkings and Fanduel also would want a coin that can cater to the Fantasy Sports industry as a whole, with features designed for Fantasy Sports - i.e fantasy sidechains, etc...  

Bitcoin can't do that, but FootyCash can.

*****************************************************************

FootyCash (FOOT) dev just confirmed Anonymous Send feature like DASH and PIVX to be added along with masternodes in the new release of FootyCash:

From:

https://bitcointalk.org/index.php?topic=1374929.400

The focus right now is on creating masternodes for the coin.  They will help provide stability to the network and incentives for ownership.

We are making excellent progress, and will update the community on details for how many coins are required for a masternode, features, and other important information shortly.

Welcome to any new members of the community

How many coins to avail in masternodes? What is the benifets if i buy masternodes? It looks good for me i just want to know some more info about this coin thank you dev. I wish i could buy some cheap coins until the masternodes emplimentation is release

There are a number of important features outlined below.  We will be releasing details on masternode requirements soon.  

The fantasy sports industry needs faster payment methods and anonymity to protect personal information, so these features fall right in line with our mission statement.

Features

• Anonymous Transactions
• Improved Network Security
• Faster transactions
• Decentralization
• Community voting on proposals

Are you going to use the same Anonymous Send features as DASH or PIVX?

Yes.  What we are working on for the masternodes will have an anonymous transaction like PIVX and DASH.  Still testing things, and will keep the community updated.  Hope to have something ready in the next week.

[camelson]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

When we talk about long term investment then coins like ETH, LTC and Ripple are the good one due to their market cap and some price stability over the time. And i think this is the time to buy some. On the other hand for short term investment iCO are the best option with some instant profit.

[Getmon]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

Apparently, you are not new here anymore. I don't have much idea about your trading style, but next time you should not buy a coin if you do not have any background about it. Try to buy a certain coin that is believed to be growing in price soon. Also, price dip is always expected in a fluctuating market. My style is not to sell if it's a loss. I would rather wait for the selling price to be gaining something even a little.

[Ahimoth]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

When we talk about long term investment then coins like ETH, LTC and Ripple are the good one due to their market cap and some price stability over the time. And i think this is the time to buy some. On the other hand for short term investment iCO are the best option with some instant profit.

Exactly my thought also. Eth, ltc and xrp are best for trading for me and for long term investment.
Been using for a  while now and it works really fine with me.
Not to mention that these three are high market cap and strong support by the community.
However, before investing and do trading better to study and analyze the market growth of each coin.

[gulshan1]

first of all you need to understand the method that why coin go up and down
how much volume on different price and how much buyer and seller
choose always top class reputed coin only. cheap coin grow very slow and also check which coin mining has been closed and use that coin for trading.

[emberbekas]

When I intend to pick altcoins for trading in the long term usually I will pick the coins that already being accepted in most of the marketplaces. ETH, ETC, Digibyte, LTC, Ripple are some coins which is in my concern.

[frankMoses]

There are so many coins out there and some of the price fluctuations do not make sense. Ultimately, the coins that will survive will be the ones that actually offer a long term solution to an existing problem e.g. Golem (computing power), Siacoin (storage), Ardor (BaaS). I would not touch Ethereum, it's a great platform and a great idea, but one that will devalue due to the unlimited coin supply.

[RieL]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

the reason why i dont choose the new alt coins because it has a high potential yet its too risky to invest, this is why i choose the old coins

[zekeshawn]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

When we talk about long term investment then coins like ETH, LTC and Ripple are the good one due to their market cap and some price stability over the time. And i think this is the time to buy some. On the other hand for short term investment iCO are the best option with some instant profit.

I agree with the choices of altcoins you mentioned since it is listed in the Top 10 crypto in coinmarketcup these are established coins that are worth to hold for long term basis. And for the ICO's yeah your right it is easy to get profit in a short term period if you invest on it but need to be extra careful though in choosing what ICO to invest since there are some that are scams.

[USBitcoinServices.Com]

It is good time to get dent, the coin to disrupt mobile data, users that have unused mobile data will be able to sell them, or buy mobile data from others, peer to peer, check dentcoin dot com.

[andrei56]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

Personally I prefer to trade a coin that has a big market cap that way you know that the coins is not going to be subject to manipulation the same way coins with very low market caps can, so coins like ETH and Ripple are a good option but make no mistake trading is hard if you think you can earn money easily you are completely mistaken.

[decoder88]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

Yeah you're right...  This altcoin is very overwhelming and satisfying. For me, i suggesting that use ethereum is one of the good and better coin..

[Iolanta]

There is a new cryptocurrency Foodcoin (FdC).

It is a payment tool for foodcoin ecosystem, which operates at the restaurants, cafes, all services of 1000Ecofarms platform (the platform works since 2014), farmer’s markets and etc. It is very useful payment tool for international food and agricultural business activity.

If you’re interested, you can read more about it here https://www.foodcoin.io/

[boris singer]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

Yeah you're right...  This altcoin is very overwhelming and satisfying. For me, i suggesting that use ethereum is one of the good and better coin..

If you want to play it safe then choose the altcoin listed in the top 10 of coinmarketcap, many coins that force us to continue heart thrilling every day, this is perfect for speculators and day traders, depending on the style you want and it must be established from now on. All coins remain profitable only of a different kind.

[bongiu]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

LTC, ETC and DOGE, IMO.

[dimonstration]

Trading alt coins is gambling, 100%. It's a game of chance. You will make just as much money at a casino as gambling on alt coins. If you want to really make money consistently, learn investing and stay away from alt coins.

Learning investing doesnt exclude alt coins. Hell, you can invest properly in altcoins. Investing is research and if you do your research well and have good market knowledge, alcoins are as good as any market to make money in. Even more in this time.

i agree mate if you make a good research and you able to make a good timing placing an entry alt coin investment would give you a lots of earnings just needed to take some risk and don't expect too much unless you already seen it, its a game of chances and if lucky and the coins pumped hard you will enjoy, good luck.

I second that. You need to read read and learn from what you researched. Not all altcoins are good for investing. Being a newbie you need to learn the basics of trading first.

Trading is to critical you need to have a research before you go for it and it would be ok if you are the who make decision if would trade that coin or not. And i agree that you need to learn the basic way of trading.

[Haesoo]

The amount of altcoin is overwhelming,
So I am confused to choose a good altcoin for trading, Can you please mention any coin whose price is stable, So I can include it in my trading list,
I once had a bitter experience, I bought altcoin, but in the end it did not sell And lost from the market,  For example digieuro

Apparently, you are not new here anymore. I don't have much idea about your trading style, but next time you should not buy a coin if you do not have any background about it. Try to buy a certain coin that is believed to be growing in price soon. Also, price dip is always expected in a fluctuating market. My style is not to sell if it's a loss. I would rather wait for the selling price to be gaining something even a little.

I think you should study first how trading works and the market. How the coins behaving and what are the potential ones.
It's hard to risk your money into trading when you're still in a blank paper.
I would suggest eth, ltc, xrp and xmr. These have a better market cap and best coin circulation.

[lawlawlaw]

Litecoin and ETH are good for trading. I'm trading ETH and this coin has higher volume.