How to start trading alt coins? Beginner Tips!

[VTS]

First start trading small amounts

Most important at start! Agree with that!

Increase trading budget as your knowledge and experience increases!

[1714304540]

1714304540

[1714304540]

1714304540

[EEE14]

Great tips.I think these rules follow everyone, Of course, it will be successful in trading.However,there are many profits to trade with good coins

[VTS]

Great tips.I think these rules follow everyone, Of course, it will be successful in trading.However,there are many profits to trade with good coins

Thank you! Glad it is useful to you!

[VTS]

I would like to add some tips on how to spot and avoid "shit-coins" and scam for trading beginners!

[CGPA]

I agree with you.But one thing must be kept in mind, when Control your emotions must have profits in trade.Buying good coins will surely be profitable.

[Bakukang]

Thank you for the useful tips you have given us.It will be a great help for us beginners in this.

[VTS]

Thank you for the useful tips you have given us.It will be a great help for us beginners in this.

Glad you like it!

[ZZ8ZZ]

Emotions is the hardest part in the whole plan. I've failed many times only cuz of emotions, but we all learn from our mistakes right ? Great tips OP !

[Sohailul]

Useful topic this topic will important for every new crypto trader. Even while i start crypto trading. Then i dont know properly how to do crypto trading. But now i know how to start crypto trading. Thanks for this tips.

[VTS]

Useful topic this topic will important for every new crypto trader. Even while i start crypto trading. Then i dont know properly how to do crypto trading. But now i know how to start crypto trading. Thanks for this tips.

You are welcome! Glad you like the tips and find them useful!

[VTS]

Emotions is the hardest part in the whole plan. I've failed many times only cuz of emotions, but we all learn from our mistakes right ? Great tips OP !

Emotions are never good in trading!

[pkb007]

Trading beginner tips!

( Brought to you by Licensium & Trusted Nodes team members https://bitcointalk.org/index.php?topic=2129844.0)

1. Regularly read Bitcointalk forum
2. Check coinmarketcap.com for current real coin values
3. Check coinmarketcap.com history of coin you are interested in
4. Check the ANN thread of the coin on Bitcointalk
5. Many coins have their own blogs/ forums you need to follow to be up to date
6. At start choose coins that are already established and stable
7. Make yourself a portfolio of 3 - 5 coins for start
8. Do not jump in ongoing coin pumps, you never know when it will dump.
9. Make yourself a strategy for coins you will long term invest and maybe 2 gamble coins that are more risky but offer higher profit.
10. I recommend starting with Bittrex I cannot recommend Bittrex anymore because they need to verify your IDENTITY in order to let you withdraw BTC and alt coins.
11. Do not instantly sell your coins if they dumb instantly for no obvious reason ( research why)
12. At the beginning its better to aim for small profits like 5% - 10% +
13. Always keep some BTC to react when needed (buy)
14. Start slowly, take your time. 2 month in research and observation is recommended.
15. Always reinvest a share of your profit in your favorite coins and use a share of profit to gamble
16. Do not jump instant in new coins with big investment. If it looks promising to you start low and follow the progress.
17. If you advance and make good experience you could start to invest in icos, but watch out lots of scam around.
18. Pull out some % in USD from your profit from time to time.
19. Control your emotions when the prices is going up or down.


* Additional Tips from community members:

20. Never be emotional in your trading. Be objective! (thx to @Investor for the tip)
21. I also advice that when you already developed a good trading strategy, you stick into it and keep your discipline  (thx to bamboylee for this tip)



Good luck!

Would appreciate to add more tips to the list to give some valued info to beginners!

Thanks dear. Good topic and it really helpful for the beginner like me. Trading is my hobby and this discussion help me to start trading. Thanks again I hope we will get more information from you.

[VTS]

Thank you! Appreciate that you like it and see it as useful.

[Fredomago]

Emotions is the hardest part in the whole plan. I've failed many times only cuz of emotions, but we all learn from our mistakes right ? Great tips OP !

Emotions are never good in trading!

it will kill you and it will make your heart breaks when you seen that your coin was already being dumped so better to control that feelings and always
brings your nerved every time you enter the trade as fluctuations always present, glad to see this helpful tips mate just add more when you encounter
some, more luck to your trade business.

[BobBoulder]

I would like to add some tips on how to spot and avoid "shit-coins" and scam for trading beginners!

This would be great. Beginners mostly make mistakes on "shit-coins". Inexperience knows to leave a deep scar in life and sometimes serious financial consequences.

[Andre#]

Emotions is the hardest part in the whole plan. I've failed many times only cuz of emotions, but we all learn from our mistakes right ? Great tips OP !

Emotions are never good in trading!

it will kill you and it will make your heart breaks when you seen that your coin was already being dumped so better to control that feelings and always
brings your nerved every time you enter the trade as fluctuations always present, glad to see this helpful tips mate just add more when you encounter
some, more luck to your trade business.

Let's try to prepare all the worst situation can happen.
Honestly, in the past I was a loser on the market, but after all, I checked my strategy and honestly control my emotion really hard.
It not easy as the theory, because when you see others panic on the market, you will think: "OMG, I need to sell all my coin before its value dumped to the hell!", but if the price of this coin can not dump to the price as your hope, you will feel regret and buy back, a loop losses continue

[ivanst776]

Trading beginner tips!

( Brought to you by Licensium & Trusted Nodes team members https://bitcointalk.org/index.php?topic=2129844.0)

1. Regularly read Bitcointalk forum
2. Check coinmarketcap.com for current real coin values
3. Check coinmarketcap.com history of coin you are interested in
4. Check the ANN thread of the coin on Bitcointalk
5. Many coins have their own blogs/ forums you need to follow to be up to date
6. At start choose coins that are already established and stable
7. Make yourself a portfolio of 3 - 5 coins for start
8. Do not jump in ongoing coin pumps, you never know when it will dump.
9. Make yourself a strategy for coins you will long term invest and maybe 2 gamble coins that are more risky but offer higher profit.
10. I recommend starting with Bittrex I cannot recommend Bittrex anymore because they need to verify your IDENTITY in order to let you withdraw BTC and alt coins.
11. Do not instantly sell your coins if they dumb instantly for no obvious reason ( research why)
12. At the beginning its better to aim for small profits like 5% - 10% +
13. Always keep some BTC to react when needed (buy)
14. Start slowly, take your time. 2 month in research and observation is recommended.
15. Always reinvest a share of your profit in your favorite coins and use a share of profit to gamble
16. Do not jump instant in new coins with big investment. If it looks promising to you start low and follow the progress.
17. If you advance and make good experience you could start to invest in icos, but watch out lots of scam around.
18. Pull out some % in USD from your profit from time to time.
19. Control your emotions when the prices is going up or down.


* Additional Tips from community members:

20. Never be emotional in your trading. Be objective! (thx to @Investor for the tip)
21. I also advice that when you already developed a good trading strategy, you stick into it and keep your discipline  (thx to bamboylee for this tip)



Good luck!

Would appreciate to add more tips to the list to give some valued info to beginners!

Thanks dear. Good topic and it really helpful for the beginner like me. Trading is my hobby and this discussion help me to start trading. Thanks again I hope we will get more information from you.

The ruling out of the number 10 anyway. As much as it may not be a good option for bittrex to impose the identity verification thingy on someone before withdrawal since that was not even in the question in the first place before depositing, I still don’t see how it makes them not recommended.

Most exchanges are like this and it still depends on the amount you want to withdraw from bittrex that makes them require the verification.

[max6575]

the decision as investor to work with the following of programs as returns with the beginning terms of initiation, those helps as investor to defines of one to put with the request of exchange as targeting to complete of numbers with the target to collects within sphere of sequence with the timelines as holding with the chance as the grows on progress with the price of altcoins, that the use gives on finale as improving scales on possession as authorizing use of potentials on counting with the continuous examination with the portfolio evaluation of work on exhibition.

[2Pac]

There are very usefull and correct points!
It is quite important to don't rush and think about every step and decisions.
Does not matter to being beginner or experienced, everyone is able to lose sometimes but this mistakes help to take more correct steps.

[VTS]

Trading beginner tips!

( Brought to you by Licensium & Trusted Nodes team members https://bitcointalk.org/index.php?topic=2129844.0)

1. Regularly read Bitcointalk forum
2. Check coinmarketcap.com for current real coin values
3. Check coinmarketcap.com history of coin you are interested in
4. Check the ANN thread of the coin on Bitcointalk
5. Many coins have their own blogs/ forums you need to follow to be up to date
6. At start choose coins that are already established and stable
7. Make yourself a portfolio of 3 - 5 coins for start
8. Do not jump in ongoing coin pumps, you never know when it will dump.
9. Make yourself a strategy for coins you will long term invest and maybe 2 gamble coins that are more risky but offer higher profit.
10. I recommend starting with Bittrex I cannot recommend Bittrex anymore because they need to verify your IDENTITY in order to let you withdraw BTC and alt coins.
11. Do not instantly sell your coins if they dumb instantly for no obvious reason ( research why)
12. At the beginning its better to aim for small profits like 5% - 10% +
13. Always keep some BTC to react when needed (buy)
14. Start slowly, take your time. 2 month in research and observation is recommended.
15. Always reinvest a share of your profit in your favorite coins and use a share of profit to gamble
16. Do not jump instant in new coins with big investment. If it looks promising to you start low and follow the progress.
17. If you advance and make good experience you could start to invest in icos, but watch out lots of scam around.
18. Pull out some % in USD from your profit from time to time.
19. Control your emotions when the prices is going up or down.


* Additional Tips from community members:

20. Never be emotional in your trading. Be objective! (thx to @Investor for the tip)
21. I also advice that when you already developed a good trading strategy, you stick into it and keep your discipline  (thx to bamboylee for this tip)



Good luck!

Would appreciate to add more tips to the list to give some valued info to beginners!

Thanks dear. Good topic and it really helpful for the beginner like me. Trading is my hobby and this discussion help me to start trading. Thanks again I hope we will get more information from you.

The ruling out of the number 10 anyway. As much as it may not be a good option for bittrex to impose the identity verification thingy on someone before withdrawal since that was not even in the question in the first place before depositing, I still don’t see how it makes them not recommended.

Most exchanges are like this and it still depends on the amount you want to withdraw from bittrex that makes them require the verification.

I  think that Bittrex does not communicate the withdraw limits proper... there are tons of accounts that get shocked once they start there first withdraw... In my opinion those limitations needs to be much more clearly communicated by account creation... but again IMHO