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Showing 6 of 6 results by SteveHansen
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Topic
Board Altcoin Discussion
Topic OP
What do I look for when I research an altcoin to invest in?
by
SteveHansen
on 06/06/2014, 04:11:10 UTC
High Volume over the past 24hrs? what else? Also how do I find who is the dev of each altcoin? Follow them on twitter?
Post
Topic
Board Altcoin Discussion
Re: Trading on Mintpal Help?
by
SteveHansen
on 03/06/2014, 04:16:25 UTC
Can someone explain to me the terms: volume, market cap, and % change and how it helps me pick a coin?

For example,
Should I invest in an altcoin with high or low volume?
Should I invest if there is a high % change vs low % change?
Should I only buy coins when the chart graph is currently green vs. red?
Post
Topic
Board Altcoin Discussion
Re: Trading on Mintpal Help?
by
SteveHansen
on 03/06/2014, 01:42:11 UTC
I think I just need practice on making Buy and Sell Orders and getting a feel.
Post
Topic
Board Altcoin Discussion
Re: Trading on Mintpal Help?
by
SteveHansen
on 03/06/2014, 00:42:56 UTC
Look, this was an epic pump and dump. Whales are people who have lots of btc from shitting on others in past pump and dumps. They pushed the price up to a frenzy then dumped their stacks onto the masses. Basically, a few rich people got richer at the expense of everyone buying higher than 300k - which was a lot if you look at volume. It is extremely unlikely this coin will see 500k again if ever, as you have a lot of butt hurt potential buyers out of the mix. Why would whales drive it up without minnows buying? all they want is more btc so they can cash it out so they can buy bigger boats and vacation homes. Get the picture?
If you click on the highest sell price it will populate in your buy window - the amt selling is how much you can buy at that price at that time. If you want you can enter your own buy price and it will fit in with all the other buyer's prices. If you buy any substantial amount of any coin on Mint, there is a real good chance the price will immediately tank. This is because whale bts are shifting coins back and forth making it look like real people are trading, and they are looking for a sucker. By immediately sinking the price they want you to feel this was a mistake and sell it back, at which point the price will slowly start to go back up. This is the ludicrous game that is played around here, don't fall for it. If you must buy an older coin on Mintpal, wait for a pump and try to jump in on the way up - play small at first. Frankly, your odds of making money around here at this moment of butt hurt are better at the casino.

Well......Shit. I heard of Day-trading. Is that any good?
Post
Topic
Board Altcoin Discussion
Re: Trading on Mintpal Help?
by
SteveHansen
on 03/06/2014, 00:11:28 UTC
I'm not sure what you are asking, but as a newbie I want to caution you. XC just had a massive 100x+ pump over the last several days. It's way past the top, the anon function is extremely iffy and this coin is in the hands of whales who want nothing more than your bitcoin.
You've been warned, I'd look for new coins with potential if I were you.

On the Trading Screen for each Altcoin, There is



Buy [insert name of coin] and Sell [Insert Name of Coin]

Amount
Price Per BTC
Total
Trading Fee
Net Total

So, when I get my BTC to Mintpal, I buy a certain Altcoin. But how do I know if the price is higher later on by looking at the Sell Altcoin. I am basically just confused on the whole Logic aspect of this.

Whales are just people who own a large percentage of the Altcoins?
So, I should look always look for Altcoins that are on the lower percentage side?
Post
Topic
Board Altcoin Discussion
Topic OP
Trading on Mintpal Help?
by
SteveHansen
on 02/06/2014, 23:56:43 UTC
So for the past day, I have been interested in Cryptocurrency

What I did so far, got BTC and waiting for it to deposit into Mintpal for trading. What I don't understand are the boxes for buying/selling Altcoins? Which box do I fill in "Amount" or Price per XC"? Can some someone explain to me the whole logic? I just mainly know is Buy cheap and sell high. Sorry if this has been asked already, had trouble finding a tutorial for Mintpal and trading etc.