RE: Cryptocurrencies Top $101 Billion in Market Capitalization (With Price Predictions)
I do it this way, I tend to hold as long as I can bare, watch the markets and try to decide when profits are enough before that coming dip down may happen. Its a bit of trusting your gut and researching what the coins future maybe like, if they got updates....new expansions or just some off the wall growth happening. Its seriously hard to predict, especially right now because the markets are getting so much growth due to mainstreamers starting to catch onto crypto. I suggest what ever coin your on, read as much about them as you can, find out their inner workings and try to decide if it has a future, if so that that is worth holding long term. Hope that helps, I know its vague but its really a vague side to trading that is difficult to discern. What are you holding right now? By the way I followed you
Thanks! well I have a bit of everything, some dogecoin/ art byte/waves/eth/peercoin/digibyte/btc/lite/nxt and gulden. but haven't sold them yet. btw lite coin fucked me with the segwit update. I bought it when it was 35 on his top -.-. so you really have to guess if its profitable when you buy or sell anything.
Man that sucks about litecoin, just was a bad moment...its a good coin but this is the issues going around due to all the Segwit needs to kick in for expansion fixes. Very good choices in your picks. I suggest to look at PIVX too, i used to work in there and they have a huge opportunity to rise when they get a few updates coming, might be a little hold but when it goes off it will. I still back them just more full time now with other stuff.
I wouldn't say you guess, more or less read about the coin, meet the communities behind them and educate guess the future a little through that. Joining SLACK channels for coins or forums is a great way to dig up the dirt. You gotta be careful in crypto....some coins can and have died off in the past but your picks are solid ones that I don't suspect death to come to
Yea maybe I should dig in the coins, but I want to transfer my coins to another wallet. Which exchange do you use?
I use a few, I tend to bounce where the low buy ins are and where the highest sells are lol. Usually Poloniex, Bittrex, Cryptopia...will sometimes visit YoBit but I am no a huge fan of them, seems scammy there lol...I walk out of YoBit feeling like I left a dead hooker in a room...something dirty feeling about that site hehehehehehehe. What I tend to do is watch prices on coinmarketcap.com as my hub, click on my coin there and hit the market tab and see who is paying the highest out, tends to be between Poloniex and Bittrex most times but there is always small exchanges that pop up and surprise you. I honestly am signed up with about 20+ exchanges but those listings I gave are usually where I go. Oh and lately I have been using Block Trades a lot for my mining, tend to send my mined coins there on the fly and toss them into Steem Power lately. Did a write up on that deep in my list on how to go about that but you can also follow @blocktrades on here they do a lot of postings and active with the Steemit crowd....awesome people over there from what I seen of them, never done me wrong
I do already have a poloniex account tho but didn't get to used to it because there are so much things on the website xD I'm using bittrex now and sent all my coins to it from litebit. well not all of them like peer coin has his own wallet.
Be careful using an exchange as a wallet, always best to trade there but keep wallets on your pc from the coin dev teams. Reason is there has been past known issues with lost money left on exchanges. Bittrex has a good rep but gotta remember this, you do not hold the keys for your coins when they are on an exchange, the exchange does so security is always on them and not yourself. I tend to trade and send my stuff to my personal wallet on my pc for that reason. Some leave them on exchanges but there comes risks in that area sometimes
Hmm.. So I will have 9 wallets or so to save my coins?
I am have run 16 myself lol. All depends are these things you plan to hold long term? Its just not too advised by most in crypto to keep money long term on any exchange. If your new you might want to read up on what happened to people with the MT GOX fiasco, millions was lost, well stolen by that exchange basically and since its been always advised to hold your coins in your own wallets with your own keys. You could look at wallets like JAXX WALLET who host most of the bigger coins in one wallet or EXODUS wallet who also host a few of them in one place. I just don't ever keep mine on the exchanges, but some people do...but its always at your own risk. That money on the exchange is technically not yours while its there, seen an article on this a long time ago that its technically theirs because they hold the keys, but they won't usually steal from anyone because its a business but if a hacker gets in there which they try, its not insured so at your own risk. Just trying to give you the advice given to me.
Major thing in crypto to always hold most important is your personal security of your coins. I worked with the PIVX coin and we always stressed to not leave coins floating on exchanges because of the security being out of the users hand. Now if you plan on a weeks worth of buying and selling then it should be fine but if your long term holding for weeks to months I always felt safer keeping my coins in my hands just to be safe. Its always user preference but just be safe with your finances, I have seen people lose a lot of money for not stressing the paranoia of security on their side and I hate seeing anyone hurt by that