Guidance to trade altcoin

[CryptopreneurBrainboss]

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're not trading then what you're interested in is investing, judging from your choice of words. Trading are mostly short term based and the altcoins, they give some impressive profit if you can get your trades right. Knowing when a supposedly trend is about getting some attention and seizing that opportunity to place some trades can give you some nice profits.

You don't need to hold onto the coins for years as that'll be Investing and when it comes to investing in cryptocurency, research has proven you'll be better off just buying Bitcoin and hold. Before you wanting to trade, you should already be equiped with the knowledge needed to be successful at trading.

Then basically for trading in general what you need is an exchange that's compatible for all your trading strategy. If you're the type that enjoy trading newly listed coins then exchanges like Binance that does that (the listing of new projects more often), will be suitable for you.

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[kram31]

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

The majority of the altcoins now in the market are not potentials, that is why you will noticed and read here in the forum or
even in the other platforms that trade with extreme caution. Because most of them(altcoins) are just a piece of shit.
That is why you to make your own research before investing unto it. Just trade what you can afford lose in.

[GeorgeJohn]

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

Op their is many alternative coins you can trade with, at first i will like you to start up with those once you are acquainted with first, i think ethereum, litecoin, BNB, Doge are well known alternative coins which someone can trade with, because it's encouraging to trade with a coin that have potential volatile irrespective the situation of the market rotation it will still have ground of potentiality, because going into exchanges to look coin to trade with when you don't have basic ideas of the coin it can lead to frustration or lost.

[TheNineClub]

IMHO, ALTs are much harder to figure out than BTC, or ETH (and yes, I am aware that ETH is an ALT, but it's kind of a different thing). I am guessing the best approach would be to invest into something you really believe in and you understand what the project it about. That way you will have a better understanding of how best to trade it.

[Rengga Jati]

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

The basic way to know before trading is to understand cryptocurrency itself.
Because you are new enough in this crypto world, I will not recommend you to trade new altcoins.
I will prefer to choose top coins that commonly have had good fundamentals.
You can check them on the COinMarketCap pages
Trading altcoins is very risky and you must know the risks. Not only learning what altcoins to trade, but also some other things to consider when going to trade likely the management of your funds, emotion, and also risks. Sometimes, learning by doing is working enough, but at least, you have been learning much about the basic crypto and trading itself. I will also not suggest you to trade hype altcoins because this has higher risks.

And if you want to trade in some exchanges, ensure that you use the reputable, trusted, and also middle-top exchanges that are available in your country.
You can see here as @Masulum gave:

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 can also check on Google with the keywords and you will get such information such as:
- How to trade in Binance
- How to trade in Huobi
and other exchanges

And one to note, don't buy the hype coins if you are new to this because it is very risky.
Start with a small capital at first to get the experience at first.

[Alisha-k]

Getting a good foundation is what you should look at for. For me forget the numerous altcoin for now and focus on the onces listed onajor exchanges from their you will get to understand what actually moves the market and how this coins respond to news and tweets then you can develop into gong for new coins from your personal observation

[GranitXhaka98]

Before you can begin trading altcoins, you need to buy Bitcoin or a stable coin
Transfer Your Money To An Exchange which is very reliable in terms of security and trust.
Shortlist Your Altcoins. Ensure you do proper research on the altcoins you wish to trade.
Invest wisely .Monitor Your Gains.Do not be greedy ,there is always opportunity in the market
Sell Up When You're Ready. Cash Out because without cash out you are just counting numbers.

[aysg76]

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 just want to give you one friendly advice as a member of the forum just don't go for altcoins at all as many of them available in the market are not going to progress at all and your funds and security are at stake.If you want to invest and don't have any knowledge to identify a scam project or shitcoin then don't go for them and invest in Bitcoin only and you will get good returns.You might have to wait for some time and handle some panic sell off during all these years but after it you will not regret.

The amount you want to invest in altcoins could be diversified to bitcoin as it's not necessary to stack one full bitcoin and you could stacks satoshis also.

For instance at this time if you want to invest in bitcoin at approximately $48k you would get :

$100 -  0.00208BTC
$200 - 0.00416BTC
$300 -  0.00525BTC
 and so on

If you make past comparison you would get idea that bitcoin has given more than 300% annual growth to holders and have gone up by reaching ATL of $3k in 2017 and now still trading above $47k at this time.It has survived many dips and crash situation and no other altcoin is capable of that.Your $100 or even low investment at this time could make your networth enough by Just holding your coins safe in some hardware wallet like Ledger Nano S or Trezor when prices will be above $100k your profits would be 3x so just think wisely.

[ReiMomo]

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

Let me list out few best coins which are very less in price. Go with Matic, ADA, TRX, WOO and WRX. Other best coins like BTC, ETH and BNB. So check your balance. Based on what you have, you can choose any of these coins. Yes are best coins with good market cap in all best exchanges. You have to be very patient enough to wait to see the profit. Patience is the key to succeed in trading.

[Wakate]

You are actually trying to tell us that you want to invest in altcoins that will not end up being a scam which I think is a very good idea. It is high time people start to invest in cryptocurrency to get a better reward especially if the coin is a good coin.

My advice for you is to make research online on good coins that are already in a good exchange that have a good possibility of giving you a good reward. You can always go for coin like bnb, Solena, Matic token, Ethereum and other good coins. There is risk attached when investing in cryptocurrency, just try as much to measure your risks before buying any coin then you can spot trade it which is not that risky like future trading.

[Ararbermas]

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 want a good coin for future, i will suggest to rely with some alternative coin that keep making good progress nowadays, wherein despite of the situation they're making good results along with some trusted projects in the market.. Not those  showings references but somethings after all  there's no good results after all..  Be smart enough and always focus to the project where you can really obtained good return after all because that's the most important.. Stay away to some scam or from frauds project..

[zulfi125]

You need to learn about crypto trading first then you can trade any altcoins, I suggest you should watch YouTube videos for more guidance in which you will learn how to trade and good altcoin. So first you should join a good exchange like Binance after that choose the top 10 altcoins from coinmarketcap, as a beginner you should invest in these coins.

[South Park]

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 understand your enthusiasm as this market is bound to change the world and you want to be part of it, however you are not ready to trade altcoins at all, begin your journey with bitcoin and only once you have proven to yourself that you can obtain profits consistently then you can move to altcoins, if you try to run before you know how to walk you are going to fall down and lose so much of your capital that it will be impossible for you to ever recover.

[lumierre]

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 wondering about tokens that are popular now and might be successful in mid-term,I would rather recommend tokens of NFT-projects and games. Such as EGGs, Axie, PVU, BOT (just my list). I think that it is quite a good strategy to invest in trends, as when something is in hype, people go there and bring their capitals, as a result big rises.

[guydin]

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

We can say for sure that mainstream currencies will exist and have a future. But you shouldn't invest everything only in them. First of all, it is not very profitable, because they already have big market caps and it is difficult for them to increase significantly. So try to diversify and invest about 10% of your capital in different risky but popular and promising altcoins. I would name Tezos, Vechain, Cosmos, Cardano, Polkadot, Solana.

[Bitcoin Seller]

If you want to become a successful trader you should study indicators and make up your own strategy. Also try to investigate first of all the general situation (Bitcoin's movements and current trends), and then project themselves (docs, ideas, functions, team).
You had better look at coinmarketcap table top-100 first, maybe you will find something interesting for you there.

[lixer]

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

Altcoins are a bit more volatile, it is really not advised to start with altcoins directly, it should be always btc-usd pair when you are first starting, otherwise you will be burned out very quickly and there isn't much to do after that. I personally started with btc myself and I did a decent return from my investment before I moved to ETH and that was a great decision as well, then I just spread my profits to many different coins.

Trading an altcoin starts with knowing the history of it, why it moved up that one time, why it crashed the other time, not just charts but also knowing what happened to make that chart look like that, it would be a great help. After that you can use what you learned from bitcoin trading and the history of the coin into trading it for profit.

[South Park]

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 wondering about tokens that are popular now and might be successful in mid-term,I would rather recommend tokens of NFT-projects and games. Such as EGGs, Axie, PVU, BOT (just my list). I think that it is quite a good strategy to invest in trends, as when something is in hype, people go there and bring their capitals, as a result big rises.

And I will disagree with this notion, people think that if they invest in projects that are being hyped up then they can make money but this is the fastest way to lose it, you are depending on the bubble to keep going while you are investing in the coin very late, this is simply bad, at some point this tactic is going to catch up with you and you are going to lose your capital, especially since you are recommending this tactic to someone that does not know anything about the market.

[blockman]

Your guide is going to be your inner self. Your knowledge of the market will guide you as you go through different altcoins in the market. It's going to be your thing as you invest in altcoins. You're asking things like everyone else because it's hard to know what coins will be existing for years. But you already have a hint and what are those will be because they're at the top but not all of those at the top will retain their position in the upcoming years.

[LordMiguel]

there are several channels, websites and materials to read to learn how to trade. don't just trade if you don't understand the process. else, you can be a long term trader. buy a token and allow it to rest in your wallet. leave it for a very long time. you will never regret it. please do not invest in new projects with little or no prospect. try invest in projects with future. already developed projects. even if you don't want to trade, invest your funds. it will go a long way.