Hello,
Can somebody explain how to decide buying an altcoin?
Let me write what I know;
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.
Btc and eth is the head of altcoin so everything depends on btc or eth price.So first check bitcoin price on prev and than chcek coinmarket cap if bitcoin price up its time to sell and when bitcoin price down its time to buy any trusted coin but my favourite coin is waves.eth,minex,pundix .You can also focus on top 20 loser coin or gainer coin and check loser coin project and its market chart but always focus on bitcoin priceCan somebody explain how to decide buying an altcoin?
Let me write what I know;
- Check the coinmarketcap.com and choose ones with high volume
- Check the projects
- Check the chart, if it is pumped, don't buy, wait
- Check the chart, if it is dumping, wait low volatility
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.