So, after carefully submitting my identification for verification purposes (and getting a massive daily limit in the process), I decided I would make my first trade!
For the most part, I am not really going to do any research into the coins that I’m trading. I’m not going to bother figuring out who is on the team, what features they have, and why it was made. No, instead, I am just going to be looking at charts. Analyzing the gains and losses of the coin.
The coin I chose to start with today, Potcoin, ticker- POT. I’m guessing it has something to do with the marijuana industry, however, I’m allergic so I don’t care. I did notice, however, that it had some pretty good gains over the last 24 hours.
I bought myself 24 POT at 2141 satoshi each. This was a little over an hour ago and, as I am writing this, it has gone up to 2340 satoshi. Thus giving me about a 9.1% gain. I have not traded back to BTC just yet, I am going to wait till morning, but, I am thoroughly impressed on the gains you really can make day trading altcoins! I am definitely going to keep doing this!
Does anyone have any recommendations for coins they think I should check out? Specifically ones I should keep an eye on for day trading? But I will also accept suggestions for altcoins you think I should hold!
Thank you for reading!