Guidance to trade altcoin

[Gosgosking]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

[mobtc]

Many of the current altcoins are worthless, some altcoins have been greatly increased for a short time and then immediately plummeted.
If you want to speculate, you must find the right team. You cannot blindly participate in it alone, otherwise it will be easy lose a lot of capital.

[masulum]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

If you are looking for an exchange, you can choose one of the several exchanges listed on this page. However, keep in mind, exchange wallets are not for long-term holding of tokens/coins, if you want to hold them, please store them in your own wallet.

You should also understand, for some centralized exchanges, you have to meet KYC in order to trade (sell/buy/withdraw). So, make sure to read the terms and conditions of the exchange before registering and making a deposit.

Which altcoins have a future? It's a good idea to do some research on each token you find, don't buy because of the ranking in CMC or Coinecko, however, look at the development the team is doing.

If you don't want to do KYC for centralized exchange, you can use decentralized exchange using Uniswap, Pancake or other, just becareful when you are trying to connect or give approval for your tokens.

[marilynmanson21]

There are many altcoins today that can provide profits, but you have to be careful in choosing them, and you need detailed research for each coin such as , team, roadmap, supply and community, keep looking for altcoins that are already widely traded on leading exchanges like Masulum said
note: someone's advice cannot be a role model, it all comes back to your own choice if you are going to trade, hold and invest

[Maus0728]

Are you talking about how to spot a scam project to avoid getting burned when trading? Below is a thread compilation of "how to" identify red flags on the altcoin project.

Though it is not updated, the information written there are still relevant especially in terms of their developers and the likes..

Collection of comprehensive guides on identify and avoid scam projects

[Teraboy]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

What you need to do to learn more about that. You can try to visit CMC and then you can also try to read a small explanation about what kind of coin is that already provided by CMC.

This isi the best way to learn more about crypto. You can also try to use learn feature that already created by CMC as well.

The beginner section has become the best place for you to learn about crypto

https://coinmarketcap.com/alexandria/

It can give you the best guidance.

[MusaMohamed]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

Everything is on big marketcap websites. You can find coin with name, ticker. When you find the coin are looking for, you must double check with project website. Make sure you don't visit fake website and buy fake coin or token from them.

Scammers can create scam tokens to pump and dump. Those tokens usually are not listed on coinmarketcap or coingecko.

https://coinmarketcap.com/cryptocurrency-category/
https://www.coingecko.com/en/categories

[Ibrahim60]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

First of all you need to gather knowledge about trading. There is some kind of trading. Which one you want to do? Day trading, long time investment also one kind of trading. If you want to invest for long time then you need to choose best coin which coin have huge popularity among people. Like Bitcoin, Litecoin, BNB, Ethereum etc. Also you can do day trading. But for day trading you need to follow the market in all time. And do your own research in market. You can choose Binance exchange for trading. All the best!

[JeffBrad12]

1. Try to pick some projects that you think that idea was making you feel excited with it
2. Try to understand the fundamental of the project based on how good or bad the progress that already been made
3. Try to see which exchange sites that already listed the token issued by this project
4. Try to see how big the daily trade volume is to provide you good liquidity and you must be able to see how much demand for the project
5. Think about what benefits that you will get when you are holding the token issued by the project
6. Try to see how solid and big the community behind the project

You can do those steps easily by reading some threads on this forum or try to get the external source like what already provided by some members above me

[Desmong]

Op you need to have good knowledge in trading before thinking of trading any altcoin and moreover not all altcoins are weak in volatility although I know that many altcoins are always pumped and dumped making it looks manipulative and unfavorable to traders that has no sufficient information about the exact coin. You can decides to trade the spot market which is far better with lesser risks before taking your stand on the market outlook of altcoins.

[usekevin]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

People should use investigation before investing in altcoin.Some of the potential altcoin is BNB,Tether,XLM, XRP.Investing in altcoin is not a big task.Investing with huge investment in this coin will get you more profit from it.To get huge profit from little investment, we need to do reinvestment many times.

[flip4flop]

If you want to do it correctly you need to put the time and effort in and not listen to the noise in the thread of the announcement or anywhere else on the internet. First look at the whitepaper and understand what they are trying to do. Then research the team and their background, do they exist? Do they have a history of success? Look at the price movement since it was released are there periods of large pump and dump like moves?  Once you have created your own opinion then you can visit the internet and see what others are saying.  While you do that go back to the chart and identify support and resistance levels where most of the trading takes place. If you still want to buy in, set an alert at those levels as your buy and sell points.

[mbakruroh]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

I think the 100 CMC rank coin is a coin that has potential for the future. At least ranking in CMC has become part of your research. Volume, marketcap and daily percentage change are the most important research to see if this coin is active or not. High and low prices are not the main problem to be seen for a crypto trader.

[haleema]

This is very good decision to trade in Altcoin but you have to learn before earn, how you trade and how to buy and sell, you have to research which Altcoin has good market and community.
Also the platform you have to select for trade. These days there are so many scam coin coming in wallets  you have to very careful before buy. Kindly check the Altcoin detail in below links.
http://www.coinmarketcap.com
http://www.coingecko.com 

[letyouearn]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

Consider top-50 coins from coinmarketcap list. Check those projects who exist at least for 2 years and be sure that they will live further. But check the charts also. These coins should be pumped from time to time.

[harizen]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

That would be tough. You need to build your own list on your portfolio based on your DYOR and not just by following other's portfolios.

Well then, for a start, try to pick some top performer coins or tokens daily and weekly on the Binance platform. From there, refer to the coin's community and lurk on their group, if any, to somehow see the inside stuff of the projects and how's the community talk about it.

It is just a start then after quite some time, you will be used to it and finally, you can now able to create your own way on how to pick your preferred alts.

[Sardel]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

You have to keep in mind that most of the meme coins currently circulating in the market right now have a high-risk rating and certainly won't last long. Just stick to those well-established and stable coins. The likes of ETH, ADA, LTC, BNB are excellent choices.
You might want to check out Stakenet's XSN as well. Another stable project that has been around since 2018. Has an impressive road map and white paper. Run by a transparent team of professionals and backed by a positive community. Certified rug proof.

[livingfree]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

First make your research on what are the coins sitting at the top of the rank. You'll see Ethereum taking the lead for altcoins and currently at the 2nd rank.

While at the top of it, there's bitcoin but it seems that you don't want to trade bitcoin and you want to go through altcoins already. I'm telling you that you have to start with bitcoin if you want something based on your description.

[caryoscar]

I want to trade altcoin but I don't know the very coin that will exist and have future. I need guildance to take this step

That would be tough. You need to build your own list on your portfolio based on your DYOR and not just by following other's portfolios.

Well then, for a start, try to pick some top performer coins or tokens daily and weekly on the Binance platform. From there, refer to the coin's community and lurk on their group, if any, to somehow see the inside stuff of the projects and how's the community talk about it.

It is just a start then after quite some time, you will be used to it and finally, you can now able to create your own way on how to pick your preferred alts.

In addition to reading the website and methods mentioned in the historical replies, I think there are two more things to have, a good mentality, many altcoin projects will choose to run away and disappear, and some require you to spend a lot of time to look at the shanzhai. The currency market, their volatility and volatility range are larger than that of Bitcoin. In addition, you have to be more accurate than a bulging wallet. Trading altcoins requires a good tuition fee.

[MusaMohamed]

First make your research on what are the coins sitting at the top of the rank. You'll see Ethereum taking the lead for altcoins and currently at the 2nd rank.

While at the top of it, there's bitcoin but it seems that you don't want to trade bitcoin and you want to go through altcoins already. I'm telling you that you have to start with bitcoin if you want something based on your description.

Bitcoin has less loss in bear market..people only want to join in bull market but newbies will decide to join when market begins to crash.

They don't have plan to hold and trade is not good if they are losing capital and mind. Altcoins are very abundantly supplied and it is more easily to lose money with scam altcoins. Top 100 altcoins sometimes will have scam projects. They suddenly pump by pump and dump groups. Rising like rocket and join top 100 but fall shortly.