Quote from: marketone on October 08, 2017, 10:41:20 AM

Quote from: wareen on October 07, 2017, 06:17:09 PM

Quote from: ViktorM on October 06, 2017, 03:46:25 PM

Quote from: xFiber on April 11, 2017, 04:14:55 PM

Trading altcoins is a good way to build up capital but it goes hand in hand with the following: 'always use money you can afford to lose'. I think you should start with doing research. There are a couple good videos on YouTube that will get you started.
I would recommend using poloniex for trading your altcoin simply because they have the largest amount of volume.
To answer your fourth question I wouldn't recommend getting involved with bots right of the bat. Try things out and make sure you know what you're doing before you get things automated.
I can't really put a number on the risk factor simply because there are 1000s of altcoin out there. Just make sure you avoid pumps and dumps some coins tend to explode today for instance and get dumped the next day.
So my advice in short. Learn it. Understand it. Believe it. Trade it.

Sound advice right there..I started on Bittrex and found it better to use than Poloniex...but everyone will have their own preferences. Key bit of advice is only trade with what you can afford to lose.

Bittrex and Poloniex are good exchange, you can trade in both and I do not see any problems recently. But you should consider before trade on Poloniex exchange, this exchange has many rumors about bad support when you have problem withdrawal money. Grin

See till now I never faced any problems with the Poloniex exchange. I think people are facing problems with Polo but they are increasing their support to get solved those tickets. These things make sometimes very scary about Polo but many people are getting withdrawals without any delays.

Poloneix has a huge number of users and its services have also satisfies it's users but for a beginner it is not enough to know only about some good trading exchange. Google can give a list of top 5 trading exchanges with details. A beginner must first invest into a good crypto coin like bitcoin and then hold it until the price is rising up and once there is a decrement, he must sell it out.