Choose altcoin for trading

[Coffee2015]

It is not easy to choose alt coins since there are so many.
First thing is its technology,
if it is offering very good feature and solve some or a problem then it is a very good ground.

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[BitAvrillis]

My hopes are in Taas for long term too and ethereum of course. Many altcoins with too successful icos are fearing me off like BAT. Better slow and steady instead of instant factor 5. Just discovered AIR where Taas also invests in. Maybe I will give them a bitcoin

[slaz26]

My hopes are in Taas for long term too and ethereum of course. Many altcoins with too successful icos are fearing me off like BAT. Better slow and steady instead of instant factor 5. Just discovered AIR where Taas also invests in. Maybe I will give them a bitcoin

I have high hopes for ethereum. I think that in the near future this alternative coin will develop. For several months, its price has risen to a high level

[roadbits]

Well i am not choosing new altcoin because high potencial you can get but its too risky to invest.. that is why i am only choosen old coins
look at this site
coinmarketcap.com
and check the altcoin in top 20 those has a good movement and i think you can make a good profit in top 20 rankings and you can't hardly to choose what altcoin is the best..

Yeah right, the new altcoin is very risky and does not even have a long life. I agree with you to choose an old coin that still has a good movement, it's more profitable and safer than choosing a new coin. I also often see sites like coinmarketcap.com to know the charts, it helps to choose a good altcoin. But if you just want to try altcoin trading, it is free to choose any altcoin (new or old) but the profits will be obtained if lucky.

New altcoins are risky to buy but the rates are very low, and we can afford that money. If we want to buy old altcoins, we need a big investment. And there is no assurance that old coins will never drop the in there price. Taking a risk with little amount is better than taking a risk with big amount am I right. And in the market, some new altcoins are actually growing well. This is just my opinion, and I hope it will work out.

[ktabb]

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 disagree. I don't think they are a viable market. They are too illiquid and consist basically 100% of retail investors. Furthermore, they are accepted almost nowhere as a currency... or at least not by any major vendors. This means that the value investors assign to them is extremely speculative.

Basically what I'm getting it is that I don't believe any amount of research into alt coins will let you make trade decisions that consistently yield better results than random chance. The exception is the coins whose price basically just follows bitcoin, in which case you are essentially just investing in bitcoin but with more risk.

I disagree. Researching on a project of altcoin can definitely give you an almost certain amount of profit on your investment unless something crazy happens (market crash). For instant: if you know there is a big company behind an altcoin, the technology is tested (by yourself or 3rd party) and there is solid, good community behind the project (ie couple hundred people) and the buy-in of the stake is a couple of sat, it's definitely not 'random chance' that you will profit on that. Ofcourse the research isnt simple as only those three or four examples but hell, even those points make a good base for wether its a good investment or not. And lets not forget that EVERY INVESTMENT in EVERY BRANCHE has risks of not ROI/Profiting. Just like altcoins.

You didn't really address my points. The lack of liquidity makes market manipulation for alt coins extremely easy even for people who don't have a lot of money. Furthermore, I doubt the sec would do anything to prevent anyone manipulating alt coin markets.

Also, as I mentioned, they are pretty much 100% retail investors. Furthermore, it is almost entirely inexperienced retail investors. No good investors out there trade in alt coins. As a result, the price movement can be sporadic, volatile, and irrational (as in, it does not at all reflect changes in the coin's intrinsic value appropriately).

These factors that you are mentioning will affect the value of a coin, but they very well may not change the coin's value in the same way they affect its price, and this is due to the issue I described above.

Yes every investment comes with some risk, but with alt coins it is effectively 100% risk. I still do not believe anyone can do better than random chance in alt coins. If you disagree, please show me an example of somebody trading alt coins and consistently outperforming the crypto market itself for over a year.

[Reid]

Why would someone want a stable altcoin? 
Every altcoin trader here wouldn't want something that is stable which could lessen their opportunity to make profits because of the movement of it.
Maybe you should diversify, think about altcoin to bitcoin then vice versa to make more money.

[bamboylee]

I choose altcoins by their profitability or potential rather than their stability. If they have good devs and the price is still relatively low, I will definitely invest in them. I can wait longer but having 100x or more profit is really worth the wait. Right now I am invested in nem/xem.

[nicolas1979]

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

You can see price action history every altcoin and find the significant one, why you need stable price?. Depend on my strategy, stable price can't make profit because different price never too far. You need extra time to make money if using stable price, besides that how about your patience?. I'll mention eth and ripple for start, try with only 20% from your money. Don't forget stop loss and take profit with realistic number. Good luck.

[BlackPanda]

It is better to trade the coin that in top 10 if you don't have any experience or try to trade in small amount, trading alt coins is a bit tricky because the price is very unstable and the falling and rising is very fast and sometimes you need to wait for a long time, I suggest ETH or litecoin to trade, if you trade infamous coins maybe you need to wait for a very long time and sometimes you can lose all of your money

It's true that altcoin trading is much better and safer with coin-coin that already has good management. Such as ETH, ripple, doge and stellar. Everything has a good system and the possibility to disappear is very small. But if we want big profits quickly then the new altcoin is the right choice, but it certainly has a big risk when we choose coin wrong.

[jorneyflair]

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

This depends only on you, because you cannot actually tell that some particular altcoin is better for trading than the other one, but this is only my opinion.
I think that way because every single cryptocurrency has some moves of its price, it goes down or up: but the part of them are too volatile to make day trading on it that includes really huge amounts of cash, because you will make influence on it plus this kind of activity is extremely risky.
If you want to touch cheap alts, then just buy some of them for some small amount of cash, because it is not worth it to make regular trading on them, but if you prefer cryptos like ETH, XMR or LTC, then you might be successful in just buying/selling it even on a short term.

[mace15]

If you have plans to trade an altcoin you may invest on top in the coinmarket cap. But as Ive observe now, altcoin that is agressive now are XEM, DGB, STRATIS and ETH. Anyone can add any altcoin thats is progressive.

[MURONDI]

Thanks all for his suggestion, very helpful,  
Maybe I will use a marketcap site for a list of trades,
Some days I try to trade altcoin, Initial capital 0.02btc now so 0.07btc,
Now my confusion in choosing altcoin has been missed, Hope can make my trading more powerful..

Good luck to you all

[pavlos021]

In my opinion Ethereum is the most promising altcoin currently in a relatively low price. Litecoin also has some signs of promise due to its low price, although I believe it will be even lower when the digital currency bubble finally bursts.
Also, what is the best website to trade Bitcoins with Litecoins, Ethereum etc in your opinion?

[Netnox]

Normally I chose the currency pair with the highest trade volume, in order to prevent sudden fluctuations. Most of the time it is ETH vs BTC. But right now I am perplexed. Digibyte is showing up massive volumes for the past 2-3 days. DGB vs BTC is almost equal to the BTC vs ETH volumes right now.

[zidanw]

Doge I think it's stable, for own trading better choose fluctuating altcoin, digibyte ow the attention of traders and there is an issue there will be pump, xpm xmr start amp steem bcn.

[trinaldao]

Try trading new coin with good repuable like trustcoin from wetrust or edgelles
I was try it and get fast profit

[Smarty14392]

Trading prediction is impossible.
But if you really want to know, i can share some of my research with you and im sure you will earn atleast some.
If you invest 1000 INR in 10 altcoins, it can give more then 5 times of your investment.
Go to this site "coinmarketcap" and find top 10 altcoins and invest in the suitable coins you find profitable.
They will surely give you some profit

[n0ne]

The altcoins for the trading purpose need to be selected based on the growth experiencd periodically. By the beginning of the week the coins that topped the list with growth rates were the ethereum, ripple, NEM, Monero, Dash, Stratis and waves. So it need to be analysed and selected to profit rather than selecting randomly.

[jack1111]

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

Better to choose from the first 20 coins on coinmarketcap, Digieuro was a clear scam coin, however, there are some factors that help you to detect the scam and legit coins, even scam coins can be profitable but they are like gambling, so better to trade the highest volume ones

[surus]

You need to be sure about two things: sufficient liquidity and sufficient volatility. As the associated trading costs are comparatively higher then in "traditional" financial instruments.