Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: raden22 on January 06, 2019, 06:24:29 PM
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I am sometimes confused, when I want to choose good coins (potential). I have a plan to trade as far as small scale capabilities. My question for now is how to find out or analyze good coins and not. By having a good long term. Please share your experience. I really appreciate each of your opinions.
Thank you very much.
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I am sometimes confused, when I want to choose good coins (potential). I have a plan to trade as far as small scale capabilities. My question for now is how to find out or analyze good coins and not. By having a good long term. Please share your experience. I really appreciate each of your opinions.
Thank you very much.
Firstly, you have to decide whether you want be a day trader or a longer term investors/ holder.
With this settled, however, the cryptocurrency analysis concepts that every altcoin investor should be familiar with are Total Supply, Circulating Supply, Coin Price, Market Capitalization (popularly known as Market Cap), and Coin Price. Researching these will give you a better understanding of what is happening with the market.
The basics is to be familiar with these concepts and progress for details.
There are actually coins out there that has great potential if you follow the steps above, and these coins, renging from the top 50 at the coinmarketcap ranking are good coins to select as a beginner.
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I am sometimes confused, when I want to choose good coins (potential). I have a plan to trade as far as small scale capabilities. My question for now is how to find out or analyze good coins and not. By having a good long term. Please share your experience. I really appreciate each of your opinions.
Thank you very much.
Firstly, you have to decide whether you want be a day trader or a longer term investors/ holder.
With this settled, however, the cryptocurrency analysis concepts that every altcoin investor should be familiar with are Total Supply, Circulating Supply, Coin Price, Market Capitalization (popularly known as Market Cap), and Coin Price. Researching these will give you a better understanding of what is happening with the market.
The basics is to be familiar with these concepts and progress for details.
There are actually coins out there that has great potential if you follow the steps above, and these coins, renging from the top 50 at the coinmarketcap ranking are good coins to select as a beginner.
Yes, you are right. That's what I'm doing researching and understanding the nature of cryptocurrency as my basis for learning more. Maybe I want to be a day trader for now, because I see the market is not stable. Thank you for your direction and guidance, sir. Success for you.
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First you have to determine the long or short term plan that you will do in the trade. Then you have to start researching and often reading articles about cryptocurrency, trading and also hot news. Of course you also have to provide funds to get started and that depends on your financial capacity. Never ambition to gain huge profits, but must be thorough and patient in speculating. The nature of cryptocurrency you really need to understand as your basis for stepping in this field. You can choose the top 10-50 altcoins in CMC. Look at the graphics and also the capitalization. Good start and wish you success.
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If we recommend new projects worth investing here, I must mention FuturoCoin. FTO is a new kind of cryptocurrency. It was developed using Dash technology and, just like Bitcoin, it uses a p2p system. Futurocoin uses nodes too, but it also adds the so called Masternodes, which improve its process’ efficiency. What’s more, with Bitcoin you have to await the transaction confirmation, which usually takes some minutes. Futurocoin has conceived a faster confirmation, which only needs 4 seconds. At the beginning of the second week of January, 2019 – FuturoCoin will be available to purchase on Malaysian DFEX. More information here: https://newsroom.futurocoin.com/fto-available-on-another-exchange/
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You have to know that tokens roadmap and market supply as well as. You also have to know ICO price of that coin and how many exchangers exchanging that coin. I think if you search those things correctly you can choose your best coin for investment.
Thanks.
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Trading the first 10 coins on the market cap is safe enough for long term trading. These coins are the major market player in the cryptocurrency market and yield good profit by HODLing
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Determine firstly what trading types you will do? If you want to do daily trading, you may analyze top altcoins that often increase daily or shortly after decline. We are not only talking about the product or the quality of the team, but the potential increase of the coins in short time.
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look for coins that have a #DevelopmentTeam that many people already know and see if the kiripto is supported by a large investment or not
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Cryptocurrency trading (https://seo spamnews/how-to-trade-cryptocurrencies-latest-cryptocurrency-trading-guide-2019-edition) beginners should know the basics of the crypto trading and how does cryptocurrency work. They must follow the market policies and valuations regularly to stay updated and informed.
A few important steps involved in crypto trading should be followed to choose a good coin to start trading. Some of the important steps are:
- Choosing The Best Trading Platform
I suggest the best trading platform is Coinswitch exchange. It offers more than 300 cryptocurrency exchanges supported by different exchanges across the world. One can compare the price across exchanges and trade at the best rate.
- Choose The Coins You Want To Invest In
If you are a beginner, you must start with one coin, which gives you confidence and scalability and idea on how to trade cryptocurrency. As I have stated earlier, you must follow the currency thoroughly before taking any decision.
- Check The Price At Which Your Preferred Cryptocurrency Is Trading
Never take the decision based on the cheap price, consider factors like market valuation, available coin supply, target market, and technology.
- Choose The Best Rate Amongst The Best Exchanges
- Trade And Store In A Secure Wallet
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I think you should look for short-term and fast-developing coins such as rippel or stellar. make sure you have to have trading basics and look for references on the internet before starting
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I start with when I can trade, if the coins I have have good potential in the future, I will make long-term investments and take orders at high prices.
some of the posts above are useful for me, happy to be able to read this topic.
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The main criteria for me is liquidity, capitalization and the presence of this coin on the top exchanges....Trading is not investing, where many want to choose an undervalued, promising coin-which could yield hundreds of percent growth in the future.
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there are over 2000 coins in the market. if you are lucky to invest in a lucky coin, you are made. the problem now is, we have thousand of coins that are baseless. they have no future. they will not last long. yet they are prospect. someone even ask what was the roadmap of tron coin. he said that time will tell whether the project will last or not.
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The best altcoin choice for term investment and also has great potential in the future. ETH is more dominantly used for ICO payments at this time. And ETH is also used more widely than other altcoins. But other altcoins do not mean they are not promising for long-term investment. XRP, Eos, Ripple, BCH, XLC, Litecoin.
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select coins that are already known to investors and traders and have a very high daily volume
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In trade, not the main thing what coin will fly to the moon and what will not fly. The most important thing is your time that you are ready to devote to trading. Patience and composure are important. With the right approach, having $ 1000 on the trading account, you can earn 20% of the Deposit amount with constant work, with daily work. This is very difficult , believe me. But if you like this kind of work everything is in your hands.
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Trade bitcoin.This is a strong liquid coin that is traded on almost all trading platforms.
There are no universal tips-practice and constant work are important.The only way you can choose coins and improve your skills.
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If we recommend new projects worth investing here, I must mention FuturoCoin. FTO is a new kind of cryptocurrency. It was developed using Dash technology and, just like Bitcoin, it uses a p2p system. Futurocoin uses nodes too, but it also adds the so called Masternodes, which improve its process’ efficiency. What’s more, with Bitcoin you have to await the transaction confirmation, which usually takes some minutes. Futurocoin has conceived a faster confirmation, which only needs 4 seconds. More information are available here: https://futurocoin.com/ And did you hear already about the first-ever cryptocurrency F1 sponsorship by FUTUROCOIN Team? In my honest opinion it's absolutely brilliant. This sponsorship will raise the awareness of the F1 audience on crypto trading. Of course, it will be beneficial for FuturoCoin project and their coin price. And Red Bull Racing Team will be linked with innovation - this is first cryptocurrency F1 sponsorship ever!