Quote from: john2231 on August 19, 2017, 11:03:38 PM

Quote from: manchester93 on August 19, 2017, 10:38:17 PM

Quote from: djkyno on August 19, 2017, 03:25:56 PM

I think trading is one of the best methods to make money from bitcoin and altcoins. But it is not so easy, you need some knowledge about it, otherwise it is so risky. You can participate also in the Bounty campaigns and earn some tokens for free.

Most people will lose money trading. I lost quite a lot at first (both coins and dollars). Over time, I became a more consistently profitable trader, but it took a lot of patience and hard work. You need to be really patient holding altcoin bags. They are really illiquid and you can lose a lot of value instantly. It's important to learn how to patiently hold through such market action.

In trading patience is really important in trading if you really don't have this you will be lose a lot.. because there are times that other traders are panic selling once they heard some fake news or sometimes there are whales there are trying to manipulate the price..
So always choose the right altcoin before to invest because you will be lose if you are in the wrong altcoin but i think every traders should be experience of mistakes before they can learn more about trading. .

Altcoins are a dangerous game. To play and win the game, you need to research your investments deeply, feel out the developer teams you are supporting, and successfully speculate about future demand.

The worst thing you can do is put all your eggs in one basket. With alts, we are looking for 10x gains (or even 1000x), so it's best to spread out the risk. You don't want to pour all your money into an illiquid alt, because your funds can evaporate overnight in a selloff.

In that position, many traders will panic sell near the bottom and lose most of their investment.