Guide to alt coins?

[Dullmartini]

Hi:

I'm fairly new and trying to learn about crypto currencies. I bought some btc a little while ago and want to start looking at alt coins. But I'm so lost. When I look at coin market cap there are 100s of coins listed. Is there a guide to all these or do I have to go through all the websites of each coin to figure out how they're different or what they do, their sector or an overview?

I have areas and technologies I'm keen to invest in but sifting through all these websites doesn't sound very productive.

[1714890386]

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[1714890386]

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[1714890386]

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[DaMut]

Hi:

I'm fairly new and trying to learn about crypto currencies. I bought some btc a little while ago and want to start looking at alt coins. But I'm so lost. When I look at coin market cap there are 100s of coins listed. Is there a guide to all these or do I have to go through all the websites of each coin to figure out how they're different or what they do, their sector or an overview?

I have areas and technologies I'm keen to invest in but sifting through all these websites doesn't sound very productive.

indeed if you go to every one of those website it's not productive at all,
so if you are new to trade an altcoin you should do this :
1.First of all you need to have a financial back up,even if what you did perfectly fine sometimes it can go wrong because a whales trying to surpress it to get more coin.

2.Look at about market sentiment,go to every places in altcoin board and see what is new and hot.and make some research about it.

3.Put it all into a watch list,then draw a chart based on time frame.

4.After you did all of this and everything goes wrong,don't panic just hold it because you will lose if you sell it.You can get a decent return if you hold it.

One of my friend said this : "all of my profit were not from day trading,but most of them were from long trading"

Patience is the key if you want to start trading an altcoin

[Dullmartini]

Thanks! also sorry for the basic question but what's a whale?

[CryptoScotland]

Hi:

I'm fairly new and trying to learn about crypto currencies. I bought some btc a little while ago and want to start looking at alt coins. But I'm so lost. When I look at coin market cap there are 100s of coins listed. Is there a guide to all these or do I have to go through all the websites of each coin to figure out how they're different or what they do, their sector or an overview?

I have areas and technologies I'm keen to invest in but sifting through all these websites doesn't sound very productive.

Dullmartini,  I am new like yourself and have done research,  Would recommend you get the relevant wallets stored on your Deskptop/Laptops and maybe buy some cheaper coins/assets.

I have been going through forums and websites and I have purchased some of the below and have around £5000 spare to invest so may look at other options.

XEM
XRP
GNT

These are the coins I have invested but long term not interested in trading as too risky with the volatility in the market.

[glutoken]

Just personally, dont invest what you cant afford to see go up and down. People that have never traded before or invested in alt end up buying high and selling low.

Stick to projects backed by strong teams and not pure speculation or chest beating.

[hosseinimr93]

If you want to invest for long-term, invest in top listed coins on coinmarketcap. Coins with high market cap.

I recommend these coins
Ethereum, Litecoin, Dash, Stratis, Waves.
All of these coins always have high demand and there's a very low possibility of price decrease. I think you can make a good profit in long term as they have the potential to increase in value very much.

[CryptoScotland]

If you want to invest for long-term, invest in top listed coins on coinmarketcap. Coins with high market cap.

I recommend these coins
Ethereum, Litecoin, Dash, Stratis, Waves.
All of these coins always have high demand and there's a very low possibility of price decrease. I think you can make a good profit in long term as they have the potential to increase in value very much.

What about RIPPLE & NEM?

[Dullmartini]

Hi:

I'm fairly new and trying to learn about crypto currencies. I bought some btc a little while ago and want to start looking at alt coins. But I'm so lost. When I look at coin market cap there are 100s of coins listed. Is there a guide to all these or do I have to go through all the websites of each coin to figure out how they're different or what they do, their sector or an overview?

I have areas and technologies I'm keen to invest in but sifting through all these websites doesn't sound very productive.

Dullmartini,  I am new like yourself and have done research,  Would recommend you get the relevant wallets stored on your Deskptop/Laptops and maybe buy some cheaper coins/assets.

I have been going through forums and websites and I have purchased some of the below and have around £5000 spare to invest so may look at other options.

XEM
XRP
GNT

These are the coins I have invested but long term not interested in trading as too risky with the volatility in the market.

Thanks! Yep got a wallet and doing tons of research. There's so much though. Why did you select these coins to invest in?

I have experience investing in the centralized world so I know my risk tolerance and what I have the stomach for. What bothers me in crypto is that there are so many projects I don't understand. For example, in real world, i mostly invest in certain industries that I am familiar with. I am looking for the crypto equivalent (the potential blockchain uses for my target industry are huge so that's not the problem). It's that there is no list of the opportunities in that space.

[acpr23]

Thanks! also sorry for the basic question but what's a whale?

The term "Whales" in crypto trading applies to all "heavyweight" traders who has the capability to move and manipulate the market, they are sometimes the reason why an altcoin pumps and dumps,  if you have atleast 500-1000 bitcoin and you can pump an altcoin you can be classified as a "whale"

[gomei]

Thanks! also sorry for the basic question but what's a whale?

The term "Whales" in crypto trading applies to all "heavyweight" traders who has the capability to move and manipulate the market, they are sometimes the reason why an altcoin pumps and dumps,  if you have atleast 500-1000 bitcoin and you can pump an altcoin you can be classified as a "whale"

Yes, the "whales" are the "heavyweight" traders with a lot of altcoins and also have a lot of money. Usually, they will buy a lot of altcoins when the price is low and when most of the total supply is bought, then they will pump the price and when some investors find that, the price is much high and looks "promising", finally, they will sell these altcoins to make great profit.

[mcman]

There is no easy guide, but there are some ways you can invest in a wide range of good coins without needing to choose them yourself. I would suggest Iconomi (availabe on kraken) because you are in essence investing in their portfolio of coins rather than any specific coin you would need to research yourself.

[ethereumhunter]

Hi:

I'm fairly new and trying to learn about crypto currencies. I bought some btc a little while ago and want to start looking at alt coins. But I'm so lost. When I look at coin market cap there are 100s of coins listed. Is there a guide to all these or do I have to go through all the websites of each coin to figure out how they're different or what they do, their sector or an overview?

I have areas and technologies I'm keen to invest in but sifting through all these websites doesn't sound very productive.

when you look at coin market cap, my suggestion is you only focus with at least 20 coins because this type of coins is getting a good position. after you choose 20 coins (you can choose less than 10 coins if you think 20 coins is too big), you need to see in the market, how the movement of each coins, is it good or not depend on increasing bitcoin price. oh by the way, after you bought the coin, do you want to just hold the coins like investing or you want to do trading? because if you just hold, then you don't have to make anything, just save in each wallet or multi wallet.

but if you want to do trading, then you need to read some article about trading and learn from there so in the end, you can familiar with trading and you can make profit.

[Dullmartini]

Hi:

I'm fairly new and trying to learn about crypto currencies. I bought some btc a little while ago and want to start looking at alt coins. But I'm so lost. When I look at coin market cap there are 100s of coins listed. Is there a guide to all these or do I have to go through all the websites of each coin to figure out how they're different or what they do, their sector or an overview?

I have areas and technologies I'm keen to invest in but sifting through all these websites doesn't sound very productive.

when you look at coin market cap, my suggestion is you only focus with at least 20 coins because this type of coins is getting a good position. after you choose 20 coins (you can choose less than 10 coins if you think 20 coins is too big), you need to see in the market, how the movement of each coins, is it good or not depend on increasing bitcoin price. oh by the way, after you bought the coin, do you want to just hold the coins like investing or you want to do trading? because if you just hold, then you don't have to make anything, just save in each wallet or multi wallet.

but if you want to do trading, then you need to read some article about trading and learn from there so in the end, you can familiar with trading and you can make profit.

For my main strategy I want to hold. I might do some trading later on.

[passivebesiege]

Hi:

I'm fairly new and trying to learn about crypto currencies. I bought some btc a little while ago and want to start looking at alt coins. But I'm so lost. When I look at coin market cap there are 100s of coins listed. Is there a guide to all these or do I have to go through all the websites of each coin to figure out how they're different or what they do, their sector or an overview?

I have areas and technologies I'm keen to invest in but sifting through all these websites doesn't sound very productive.

if your worried and dont know what to do and what coin to buy just stick in the top 10 in coinmarketcap c. it will give good profit even in short trade just always remember just buy when you see the price is low dont buy it when you see the price at all timehigh.

[SmokerFace]

Hi:

I'm fairly new and trying to learn about crypto currencies. I bought some btc a little while ago and want to start looking at alt coins. But I'm so lost. When I look at coin market cap there are 100s of coins listed. Is there a guide to all these or do I have to go through all the websites of each coin to figure out how they're different or what they do, their sector or an overview?

I have areas and technologies I'm keen to invest in but sifting through all these websites doesn't sound very productive.

Important thing you need to do when you're trading:
1. Research about the coin you want to invest your funds and analyze it and read news so you're aware what's happening on the crypto world.
2. If you want a long term trading try to buy altcoins that are on the toplist in coinmarketcap.
3. Don't panic selling when you see your coin is going down.
4. Don't put all your funds on alts, Save 50% of your bitcoins so if coins getting dump you have btc to buy again to have extra profit.
5. Don't be greed when you're comfortable to sell your coins sell it don't wait yo dump it again.