Let's not waste time. I will teach you how to trade altcoins profitably. Some altcoins can easily make 5000% returns in a few hours. In this tutorial, you will learn how to select the good altcoins from the shitcoins, and make tons of bitcoins by trading them.
Are you ready? So let’s start:
First of all, you will need an exchange where to trade: Select this trusted trading website below: http://bit.ly/2t7w4pO or others, but make sure they can be trusted…
Make an account in an exchange and then start checking out what altcoins can be traded there. First, make sure you test out the buttons so that you can familiarize yourself with the exchange before you start trading. Also set up 2 factor authentication to make sure your account is secure. You don't want to get hacked.
After you are ready, you can follow my strategy:
MY TRADING STRATEGY
- Select a cheap altcoin
Browse through the available altcoins, and select the altcoins that are very cheap. It should be below 500 satoshi, depending on exchange, but it's all relative. To make sure you select a cheap altcoin, just look at the price history. If it has been relatively low in price versus previous days, then it's probably a good altcoin.
Go through all of them, and write the ones that are cheap in a notepad, because you will need to filter them out, so make sure you check each one of them.
It might take some time, but hey, do you want to get rich? It will take some work.
- Find the ANN thread
First, you have to check the altcoins on Bitcointalk If you can access the ANN thread from the exchange then go to it, if not then go to bitcointalk, the altcoin section and search for the altcoins ANN or Announcement thread. This thread details the altcoin and it presents it to the community.
Search for your altcoins here: http://bit.ly/2t7w4pO
Verify the developer
Verify the rank of the developer. If he has a rank of “newbie”, then delete that altcoin from your list. That is probably a scam shitcoin, even if it's not, why risk it? Only keep the altcoins that have a developer with rank “member”, “full member”, “Sr. member”, “hero member” or “legendary”. Newbie and Jr. Member developers are usually con artists.
Also make sure the developer has no negative reputation.Verify coin's inflation
If you can find a block explorer of the coin, if it's illustrated in the ANN thread, otherwise ask them on the thread: What is the coin's inflation? You should probably create an account at bitcointalk.org forum anyway. Then calculate the yearly inflation of the coin. It's easy, if you know a block explorer, you can see how many coins are minted, and you see how frequently they are minted.
You have to measure, in percentage, how much coin is minted over 1 year.
Ex: Coin A has 50,000 supply, at end of year it has 100,000 supply
Yearly inflation = 100,000 / 50,000 *100 – 100 = 100% yearly inflation
You have to find out those numbers either by checking the explorer, or asking the guys in that thread.
Ok so here are your filters:
• Any coin that has yearly inflation >10% is a shitcoin and remove from your list
• Any coin that is premined or instamined (the developer has an initial number of it), more than 5%, is a scam and remove it from your list
• Any coin that has infinite supply, with no cap, is a crap coin and remove from your list
- Verify mining network
The coin should have somewhat established mining to support the network, and it has to have a mining pool at least. Should have also at least 25-50 miners mining it, and should be decentralized. You don't want 1 miner to have more than 51% of the network, because that is dangerous. Check the mining statistics if you can find them on their website or ask them on the forum.
- Market cap and Volume
Make sure the coin has a market cap below 15,000$ or equivalent. Yes old coins are good, but we want to trade new coins that can go up a lot of %. If you want 5000% ROI then select coins with low market cap.
However not too low market cap, because many tiny coins can be scam. So the minimum market cap should be at least 1000$.
Market cap can be calculated like this:
MARKET CAP = PRICE * SUPPLY, and then convert that into $ to compare
The daily volume of it should also be at least 0.5 BTC, you don't want to buy dead coins, make sure it's active.
- Preparation
Alright, now you have filtered out most of the shitcoins. Now you should have on your list only good altcoins, if you have too few left, then check out more altcoins on other exchanges too, and filter those out too.
You should have at least 10-15 altcoins at any given time to look at, but if you are a newbie then pick only 5 so you can manage them more easily.
Ok now deposit bitcoin into your exchange account if you haven't already, and start buying them up. Put the same amount of money in each altcoin.
For example if you deposited 1 BTC, and you have 10 altcoins, then invest only 0.1 BTC in each, so that it can be diversified better.
If you have only 5 altcoins, and deposited 1 BTC, then invest only 10% again, so you will have 0.5 BTC invested and keep 0.5 BTC in reserve if you can find other profitable trades.
So make sure you don't put more than 10% of your money in 1 altcoin basically.
- Trading
Ok now start trading, you already have your favorite altcoins picked, bookmark/favorite their page, and always check the price many times each day.
Some trades might take you a few days, some a few hours, it depends how big the market is.
To trade them, look for opportunities when the price starts to go up, remember you have to buy them cheap, so as soon as the price goes up, it is an opportunity to buy.
You can also check out the chat-box in the exchange and ask others how they feel about that altcoin.
Always be smarter than the other traders, and don't get fooled easily. So be careful when you buy them.
After you are ready to trade, just start buying them up, 10% / altcoin or less, and wait until the price goes up a lot, and then sell it.
Make sure you don't get too greedy, because price might reverse, so sell it after the coin made 50-100% profit, of with the very cheap coins about 200-500% profit.
Yes you might go for 5000% profit too, but that is a bit risky, and don't do it if you are newbie. For newbies start with small profit like 100% /day.
Done!
Practice, Trade, Earn money, Become Rich! You will make big profits, and if you don't make them instantly, practice more and re-read the guide, your time has come to become rich! Don't give up hope if you don't succeed first, this car will be yours pretty soon if you practice my guide with discipline and positive attitude!
After you are rich:
After you became rich from trading, please donate 1-2% of your profits to me, to thank me for your success! I charged pretty low price for this guide so that everyone can become rich, but you can pay me with a bigger reward after you became rich.
Donate me BTC: 1NekT6cBbPuhBh2pNzxasCAqQbooKtBbVt
Thank You!
(Also donate to some charity too, or help other bitcoiners)