How to start trading alt coins? Beginner Tips!

[sexycoin69]

Biggest thing is keeping a reserve of BTC available to buy things....Alts usually dip during BTC Rises so when you buy the BTC at a high you don't really save. I always make this mistake.

[1714249035]

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[1714249035]

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[1714249035]

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[kopambunareve]

Can someone explain why Bittrex is bad?
I am using it and I don't see why you don't recommend it?
I tried to register on Poloniex and needed to verify IDENTITY in order to let me trade but Bittrex I didn't need to do that to trade and to withdraw...

I am new to this world of cryptocurrency and mabey I missing something...

P.S.
I found it useful, nice simple list of tips for beginners. Thanks for that and keep it up.

[hua_hui]

Can someone explain why Bittrex is bad?
I am using it and I don't see why you don't recommend it?
I tried to register on Poloniex and needed to verify IDENTITY in order to let me trade but Bittrex I didn't need to do that to trade and to withdraw...

I am new to this world of cryptocurrency and mabey I missing something...

P.S.
I found it useful, nice simple list of tips for beginners. Thanks for that and keep it up.

Bittrex is definitely one of the best exchange out there. However, recently it has been suspending accounts without giving any explanation and the irritating wallet maintenance. However, it has the greatest volume/trade and that is the most important to trading. Right now, bittrex still have the highest customer base but a lot of exchanges are catching up. 

[kopambunareve]

Can someone explain why Bittrex is bad?
I am using it and I don't see why you don't recommend it?
I tried to register on Poloniex and needed to verify IDENTITY in order to let me trade but Bittrex I didn't need to do that to trade and to withdraw...

I am new to this world of cryptocurrency and mabey I missing something...

P.S.
I found it useful, nice simple list of tips for beginners. Thanks for that and keep it up.

Bittrex is definitely one of the best exchange out there. However, recently it has been suspending accounts without giving any explanation and the irritating wallet maintenance. However, it has the greatest volume/trade and that is the most important to trading. Right now, bittrex still have the highest customer base but a lot of exchanges are catching up. 

Thanks for clearing that up, and for fast response. You definitely know what you are talking about. 

[Greenrace]

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!

PRE-SALE IS LIVE!

Get the best price and additional +50% bonus on all your LCX purchase!

VISIT https://www.licensium.com

I'm a beginner and have never traded bitcoin, this tip really helped my efforts to get bitcoin, my great hope seems to be coming true

[AjithBtc]

Trading of altcoins doesn't require much capital investment. Different trading websites have got some limitations in basic requirement for being a trader. Here selection of the altcoins is the one that makes the users gain profit in a short or long term based on the growth it achieve. Several people's life has got changed investing into altcoins.

[amaddio]

Organize your favourite list of sites in a folder..  put in: ICO Alert, Cryptocurrency calendar event .. etcc...

[hua_hui]

Can someone explain why Bittrex is bad?
I am using it and I don't see why you don't recommend it?
I tried to register on Poloniex and needed to verify IDENTITY in order to let me trade but Bittrex I didn't need to do that to trade and to withdraw...

I am new to this world of cryptocurrency and mabey I missing something...

P.S.
I found it useful, nice simple list of tips for beginners. Thanks for that and keep it up.

Bittrex is definitely one of the best exchange out there. However, recently it has been suspending accounts without giving any explanation and the irritating wallet maintenance. However, it has the greatest volume/trade and that is the most important to trading. Right now, bittrex still have the highest customer base but a lot of exchanges are catching up. 

Thanks for clearing that up, and for fast response. You definitely know what you are talking about. 

You are welcome. I am just trying to help people. I was alone in crypto world for years and i have no one to relay too. Until recently where i happen to find my local country crypto telegram group and since then, i manage to know friends and they are very friendly to provide with a lot of information and discussions. I do hope that i help you too.

[Malaya]

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!

PRE-SALE IS LIVE!

Get the best price and additional +50% bonus on all your LCX purchase!

VISIT https://www.licensium.com

All tips and inputs are well shared to people who want to start trading alt coins. Indeed I can really agree that choosing where to invest alt coins as well needs a lot of research and readings from the internet, blogs and forums to know more about it before trading. Make sure that you join a well established alt coins and has been believed by many. Make sure to not join scam alt coins as well as many opportunist are around.

[iqlimasyadiqa]

Also choose a trading platform which has a good reputation in the cryptoworld.
There is no point to spend hours in trading if in the end, you get stuck when you want to withdraw your coins.
A few month ago, it took me 27 days to withdraw some btc's from a trading platform!

We really do the right strategy. for a beginner then do the analysis and looking for various information about altcoin is a must. find out how the coin will be distributed and what are the targets to be achieved. it will determine how the final result will be obtained. someone who has a strong desire I think can be a trader. A trader is someone who often performs an analysis to know the results / how a coin moves in the future. Because for a trader it will determine the results to be achieved later.

[Mrwinson93]

Planning to convert BTC to altcoins for the first time. Have been hearing good things about Changelly and Shapeshift. Which one do you guys prefer?

If i were to send BTC to changelly/shapeshift, but i set my transaction fee very low, maybe after 1 or 2 hours only get 1 confirmation, is it accepted by changelly or shapeshift? Or 0 confirmation is enough for them?

[juicejoyce]

First of all you need to chose a good trusted exchanger platform that has no negative reputation. Bittrex,cryptopia and liqui are some of them.you can start trading with small amount of bitcoin. its not problem.first try to trade with small amount then slowly try to add more money.good luck.

That is important. I also think it is a good habbit to check the coinmarketcap.com to see trading volumes. And also keep updates with the dev team's blog or twitter.

[rxone]

Anyways I advice newbies to trading to stay away from dump and pump coins for first 2 - 3 month .. at least!

[BitcoinMarshal]

Can someone explain why Bittrex is bad?
I am using it and I don't see why you don't recommend it?
I tried to register on Poloniex and needed to verify IDENTITY in order to let me trade but Bittrex I didn't need to do that to trade and to withdraw...

I am new to this world of cryptocurrency and mabey I missing something...

P.S.
I found it useful, nice simple list of tips for beginners. Thanks for that and keep it up.

Bittrex is definitely one of the best exchange out there. However, recently it has been suspending accounts without giving any explanation and the irritating wallet maintenance. However, it has the greatest volume/trade and that is the most important to trading. Right now, bittrex still have the highest customer base but a lot of exchanges are catching up. 

Thanks for clearing that up, and for fast response. You definitely know what you are talking about. 

You are welcome. I am just trying to help people. I was alone in crypto world for years and i have no one to relay too. Until recently where i happen to find my local country crypto telegram group and since then, i manage to know friends and they are very friendly to provide with a lot of information and discussions. I do hope that i help you too.

You are doing a great Karma as very few peoples have mind and thinking like this to help others without any reason I am also using bitterx without any problem as I recently verify my account and they enable all withdrawals limit without any problem they are still best and biggest in volume right now

[lady-odyvan]

 "Never be emotional" - good advice, but as for me not possible 

I think a newbie one should learn and learn, read every news about market, coins etc and try trading. Mistakes are inevitable, but these are our experience and that's ok. This is a long but really interesting way to make money!

[keycellko]

Another great tips is to not get greedy

Set your target before buying and stick to it

I agree to this. When i started my friend told me to make sure to set a target. Target profit that will make you say you're ok with the gains minus the fees. If you don't know your target you might get lost in the game of trading

[elmutus]

Another great tips is to not get greedy

Set your target before buying and stick to it

I agree to this. When i started my friend told me to make sure to set a target. Target profit that will make you say you're ok with the gains minus the fees. If you don't know your target you might get lost in the game of trading

This is so true! Greed is powerful force though... 

[Ponylon]

1. Regularly read Bitcointalk forum
don't take advice from random people
2. Check coinmarketcap.com for current real coin values
yes
3. Check coinmarketcap.com history of coin you are interested in
yes
4. Check the ANN thread of the coin on Bitcointalk
only if you're investing in ICO's
5. Many coins have their own blogs/ forums you need to follow to be up to date
yes
6. At start choose coins that are already established and stable
yes, so you get to know how crypto's work
7. Make yourself a portfolio of 3 - 5 coins for start
yes
8. Do not jump in ongoing coin pumps, you never know when it will dump.
in general, don't invest in trash (don't hunt short term profits)
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.
yes
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.
yes
11. Do not instantly sell your coins if they dumb instantly for no obvious reason ( research why)
depends, sometimes the best strategy is to get rid off the coin
12. At the beginning its better to aim for small profits like 5% - 10% +
don't have specific profit ranges in mind, hold as long as you can
13. Always keep some BTC to react when needed (buy)
yes
14. Start slowly, take your time. 2 month in research and observation is recommended.
yes
15. Always reinvest a share of your profit in your favorite coins and use a share of profit to gamble
yes
16. Do not jump instant in new coins with big investment. If it looks promising to you start low and follow the progress.
if you believe in something go for it, invest as much as you can without liquidating your other holdings
17. If you advance and make good experience you could start to invest in icos, but watch out lots of scam around.
yes
18. Pull out some % in USD from your profit from time to time.
not if you don't need USD
19. Control your emotions when the prices is going up or down.
just make up your mind to never sell, then emotions won't affect you

[Asmus003]

Good tips. Especially about Bittrex Hope that other exchanges don`t that way

[oegarod]

An user has given a stepped process for the altcoins trading. That's quite a good way to make ourselves into trading, in my opinion it's good to invest into few altcoins going through its market. Second thing I don't think such a long time gap is must, it's good to invest a small amount and continue trading. The small experience will let the user understand it in a better way than just learning or researching the market.