Altcoin trading strategy reddit

altcoin trading strategy reddit

Disclaimer I am not a financial advisor. In the future I will write more about the coins I think have a great future comming. As Sir Francis Bacon said, Knowledge itself is power. Report them to the mods instead. Pay attention to this roadmap as it will usually call out specific dates the coin will hit major milestones. My friend invested some money last week for the first time and he already doubled his investment as some of the coins can make even more than 200 increase in value in one day and if you can catch them you are supper lucky. Have a Strategy When looking at an altcoin to trade determine a couple of things beforehand. This is a rewrite from an old blog I had a couple years back. You can also use some of the really helpful chart indicators that help you determine the direction of a coin such as macd (Moving Average Convergence Divergence EMA (Exponential Moving Average) and a few others. Tip 4) If your new to trading, read and read a lot.

Altcoin Trading Strategy Reddit Altcoin trading strategy

Although bitcoin is the leading cryptocurrency on the market, there are several different alternative digital coins are available on the market. "Recommend a coin" can be discussed on the daily thread. Of course, no one can predict for sure which way a coin will move but based on technical chart analysis you can make a better-informed decision based on the statistical probability that a coin will move based on the analysis. If you particapte in a pump make sure youre not at the top when everyone starts to dump, and the best way to avoid this is to not get involved in such schemes in the first place. Twitter, Steemit and other social platforms I'm. There is no sure way of saying which will be the next Bitcoin but if you plant your seeds now that the coins are still cheap you could earn yourself a great amount of coins that will potentially increase exponentially. As of today there are almost thousand different altcoins have been issued to the market. ETH altcoins trades have been increasing recently. Go to one of the exchanges such as m. Determine your level of risk In other words, analyze the coin and try and determine its day range on average and try and pick a reasonable sell position if it falls below a certain point. Here are the most common places to do research on altcoins. You know what, there are still plenty of opportunities out there.

Altcoin trading strategy how to make money trading Bitcoin

Here we go:. The better the information the more the author is compensated so authors try and provide something of value. If you missed out on the gold rush and dot com boom now is your chance to get in early to make incredible gains in cryptocurrencies. Dont take advice from strangers, unless you do your own due diligence. This enables traders to benefit from the market movements of the underlying altcoins without actually owning cryptocurrencies. Mistakes are often the best learning tools. Learn the minimum amounts so you dont get stuck holding 35 coins only to discover you cant sell them now because it doesnt meet the minimum sell order amount. M, you can find general cryptocurrency news related to the cryptocurrency as a whole. Dont get too greedy In traditional trading day traders would be incredibly happy with 1 2 gains in a day or even a week.

May you always buy low and sell high! Because Bittrex doesnt offer fiat currency trading (trading your, and for bitcoins) you have to buy Bitcoin else where. All of my coin picks use BTC as part of the trading pair as it is more volume and easier to trade than using ETH in my opinion. The market is continually growing, the popularity. Will you keep the coin long term,maybe a couple months and sell, win, lose or draw? I am also adding more day trading features that altcoin trading strategy reddit will be released in the upcoming weeks.

Best Bitcoin Altcoin Trading Platforms

As a start of this series I wanted to first talk about information gathering, basic charting and some day/swing trading basics. You should learn from every mistake you make. Live Discussion on Discord, crypto Devs, cryptoCurrencyMemes. Some mistakes will be big, some small, and some extremely stupid., while reddit has a lot of information on altcoins this website seems a little more biased. Learn about scalping and momentum trading. As I write more about day trading I will go into why I choose certain coins so you can see a little more behind the curtain.

Dont walk away and keep making that satoshi. If you meet our standards, message the modmail. Some trades will work out smoothly and go better than you ever planned or dreamed. A few of my trades are executed within minutes. If you meet our requirements and want custom flair, click here. Crypto Day, trading and Swing, trading can be extremely profitable and there are certain things to look for in order to succeed. The number of alternative digital currencies is growing every week as new coins hit the market through the ICO the Initial Coin Offering processes.

Check litecoin wallet balance - Litecoin ultra pool, Ethereum

You can find all this information on stock sites and most of it will pertain to the way cryptocurrency markets work too. Again, take from the videos nuggets of information that will expand your knowledge but dont blindly follow advice. It's the most valuable resource we have. Do not beg for karma. I mean information too, not bogus coin tips from pump and dump schemes. No URLs in titles. These transfers have fees that is charged from the profit earned. In altcoins the volatility is so high that it is not uncommon for you to make 30 gains in a week. Most if not all altcoins are affected by the rise and fall of bitcoin. If you wish to have your subreddit or website listed in our sidebar, please review our sidebar listing policy first. While this is not 100 bulletproof you can get a feel for how high or low a coin will fall based on past data.

Bitcoin (BTC) -.41B - 5240.08. Again this is something to research, exchanges come and. Warning: Background mining) Education IBM's ZeroToBlockchain (Free learning resources) Khan Academy on Bitcoin (Free Course) Mastering Bitcoin (Open Source book) Mastering Ethereum (Open Source book) Exchanges Local Exchanges Mining Related Crypto Subreddits r/ Altcoin r/Best_of_Crypto r/BitcoinMarkets r/Blockchain r/BitcoinMining r/CryptoMarkets r/CryptoRecruiting r/CryptoTechnology r/CryptoTrade r/DoItForTheCoin. Altcoins are any coin that is alt ernative to bitcoin as bitcoin was the first cryptocurrency. Some trading platform does not allow fiat currency withdrawals, so the profits from altcoin trading must be first converted to bitcoin on an exchange and then it can be transferred to another exchange to withdraw the amount in USD. Which leads me into tip. If you are just starting out with Altcoin trading and dont know where to start read this shoert tutorial on how to start trading. If I think its a shit coin I just sell 80-90 of it in case it explodes and move forward. In other cases you have to own altcoins upfront. Some of the altcoins have a supporting community behind them which facilitates the marketing activity of the coins.

altcoin trading strategy reddit

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