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Author Topic: What is the best coin for beginners to start trading?  (Read 2251 times)
iamteody (OP)
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October 19, 2017, 06:10:37 PM
 #1

Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?
BillyBobZorton
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October 19, 2017, 06:15:25 PM
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Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

I would say Bitcoin is the best altcoin to trade because it has the liquidity needed. You don't want to be trading something that has low liquidity (like most altcoins) and be left holding a bag that no one wants to buy.

Of course, I think trading in general is like gambling for most people, you need a ton of experience, and even top traders lose money.

My advice is that you get a job and buy and hold bitcoin, and do only calculated trades. Daytrading will lead to loses in most cases.
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October 19, 2017, 06:24:35 PM
 #3

Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

I would say Bitcoin is the best altcoin to trade because it has the liquidity needed. You don't want to be trading something that has low liquidity (like most altcoins) and be left holding a bag that no one wants to buy.

Of course, I think trading in general is like gambling for most people, you need a ton of experience, and even top traders lose money.

My advice is that you get a job and buy and hold bitcoin, and do only calculated trades. Daytrading will lead to loses in most cases.

in this way you will be quite easy to get a profit,, but I would suggest you more enter altcoin,, such as bitcoincash, dogecoin and ethereum.,. the three altcoins that have great strength in trading., and can help you manage the funds you keep in bitcoin so they can be well organized...
iamteody (OP)
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October 19, 2017, 07:04:39 PM
 #4

Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

I would say Bitcoin is the best altcoin to trade because it has the liquidity needed. You don't want to be trading something that has low liquidity (like most altcoins) and be left holding a bag that no one wants to buy.

Of course, I think trading in general is like gambling for most people, you need a ton of experience, and even top traders lose money.

My advice is that you get a job and buy and hold bitcoin, and do only calculated trades. Daytrading will lead to loses in most cases.

in this way you will be quite easy to get a profit,, but I would suggest you more enter altcoin,, such as bitcoincash, dogecoin and ethereum.,. the three altcoins that have great strength in trading., and can help you manage the funds you keep in bitcoin so they can be well organized...

Okay thanks
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October 19, 2017, 07:07:54 PM
 #5

Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

Go for coins that have low volume. Since you are new from the scratch, you don't need to undergo serious trade at the moment. You must learn and familiarize how trading works before going on actual trade. Don't worry it will not consume your time much and you can start live trades thereafter.

Try to play with the non serious trading experience at Yobit. There are low volumes coins there which is obviously as cheap compare to 1 pc. regular candy. You must be familiar on the exchange itself.
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October 19, 2017, 07:36:28 PM
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For a newbie the best is hold the majority of BTC, and if you want to trade start with a very small % . The probability to loose is high so i would advice to set a TARGET. Ready and see where you believe to see BTC in a while. If for any FUD BTC drops 1000$ it´s not hard for you to panic sell. It happens every day. So set your entry poit and imagine where you see BTC in a while. Then play a while but don´t sell it at a loss. HOLD

If it just for fun you can just buy a very cheap coin but with some volume /trade so you feel you have more quantity to play around. And just go ahead. With cents or feww dollars one can play and get to know the exchanges.

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October 19, 2017, 07:37:24 PM
 #7

Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

My expert advice is buy and hold a coin you believe in with real potential, avoid day trading.

For what shall it profit a man, if he shall gain the world, and lose his own soul?
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October 19, 2017, 07:55:51 PM
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Study the coin. it must have good developers, whitepaper, roadmap and target market.

Then risk only what you can afford to lose and dont put your eggs in one basket.

Good luck

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October 19, 2017, 08:12:39 PM
Last edit: October 19, 2017, 09:34:19 PM by setifien19
 #9

To be honest , short term trading​ is risky ( especially for beginners who don't have enough experience) , I advise you to learn first trading technics , and when you are well knowledged, you can start trading.
If you want to start trading small amounts of altcoins , go to altcoins section , post your issue , experts there will surely guide you .
Good luck
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October 19, 2017, 08:18:46 PM
 #10

Well being  a newbie, i always recommend to go for bitcoin, because bitcoin have high average trade volume than all the other coins in the crypto market that makes it more volatile and more liquid in the cyrpto currency exchanges. There are few more coins that comes next to bitcoin like Ethereum, Litecoin, Neocoin, Dash, and Zcash. Which can also be traded in good way, but i will recommend you to go and experienced with bitcoins first and then try those other coins. And other than above mentioned coins, other altcoin are not suitable for beginner's and you should trade them only after you gain one year of experience .

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MissionPhailed
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October 19, 2017, 08:19:17 PM
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Yep, don't dive completely into altcoins and if you decide to buy alts, do some research on which coins have really something to add to the cryptosphere. Don't get fooled by threads in the Altcoin sections like "which alts are worth buying". People answering over there are shilling for coins they possess in 99% of cases. Got burned myself pretty severely earlier this year when executing a trade based on the 'advice' of someone else.
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October 19, 2017, 08:34:37 PM
 #12

Beginners in trading always ask this question, because they fear to choose the right coins. I always recommend beginner trader to go with bitcoins,as they are number one in the crypto currency market. Bitcoin also have good volume, high volatility and strong momentum to make it good option for beginner trader's. Apart from bitcoin you can go with Ethereum and litecoin. These three are best suited for beginner's. In Trading, make sure that you are passionate about trading and you are serious about making money through crypto trading and also see that you educate yourself and work hard for it.

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October 19, 2017, 08:37:39 PM
 #13

Perhaps, it is better to participate in some Baunty campaigns. You will learn if this coin is good or bad. At least you will have a  seed capital to start trading this coin or any other.
Bagaji
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October 19, 2017, 08:54:25 PM
Last edit: October 20, 2017, 02:16:17 AM by Bagaji
 #14

Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?
Trading is not an easy job or business for someone who don't have the prerequisite or technical knowhow to just venture his or her money into, because of testimony from many people around saying trading is a lucrative business. Although, it is a lucrative business for those who have good knowledge of both technical analysis with the use of candle stick and fundamental issue. But notwithstanding, i will recommend buying bitcoin and hold for long period of time instead of altcoins.
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October 19, 2017, 09:25:16 PM
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Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?
Op before you put in your money into trading crypto currency, you need to have it at the back of mind that there is high risk in trading crypto currency because of its volatility nature which will need you to learn more of technical and fundamental analysis to enable you succeed in trading. And since you are still in trading crypto currency recommending altcoins for you at this level will be disastrous to your investment. So, I will recommend that you should buy Bitcoin and hold for a period of time pending when its value reaches your take profit before you sell.
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October 19, 2017, 09:32:00 PM
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Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?
If you a new trader in cryptocurrency I advise you buy bitcoin when its go on low and hold it and learn first trading. After gain trading knowledge
At that point, you can begin trading with little sums for test yourself in the event that you pick up benefit one two months consistently then took Ethereum Waves and many coins in your trading coin list
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October 19, 2017, 09:55:44 PM
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Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?
All crypto are the best it is up to you which coins you will choose to hold and if you really wanna know what im using is i always go for the ico and ethereum since ethereum is giving me so much profit when it comes to pumping it. I advice you to learn more about crypto first before engaging your self into trading for you to not to lose your money.
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October 19, 2017, 10:48:06 PM
 #18

Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

Before go to trading, have to get altcoin by joining campaigns and  other bounties. There is where I start to have coin to trade. It is the way to get coin especially if do not have a capital yet.



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October 19, 2017, 10:52:59 PM
 #19

Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?
For the best crypto you can try to choose those already developed the product but still has very low marketcap comparing with the product itself. Just like EIDOO token that already built the very useful app that will be the future platform. I think that you must try to see that. The marketcap is very low and the next week that will be added into the biggest exchange site.

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October 19, 2017, 11:51:30 PM
 #20

Go for coins that have low volume. Since you are new from the scratch, you don't need to undergo serious trade at the moment. You must learn and familiarize how trading works before going on actual trade. Don't worry it will not consume your time much and you can start live trades thereafter.

Try to play with the non serious trading experience at Yobit. There are low volumes coins there which is obviously as cheap compare to 1 pc. regular candy. You must be familiar on the exchange itself.

I don't rate that advice in the slightest. No one can learn anything from low volume coins as anyone can do anything to them at any time. Their movements are basically meaningless.

Total noobs shouldn't have anything to do with trading. All they'll do is hand their money over to better traders. They're better off buying and holding and spending time observing.

There are also test trading platforms like this - https://testnet.bitmex.com
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