Guide to buying Bitcoin investing Altcoin on Bittrex.com

Hello! Ngoc is here and shows you a way to make money from cryptocurrencies.

In this article, Ngoc will guide you to invest in holding (holding) a cheap coin and wait for the opportunity to increase the price to sell to make a profit.

For example: If you bought 1 Bitcoin in January 2017 at the price of $ 1,000 then today (in September) you will be able to sell for $ 4,700, which is about x5 times the profit!

It is truly an investment opportunity if you are interested and knowledgeable about Bitcoin as well as other cryptocurrencies (Altcoin).

But back to questions like:

• At the moment, Bitcoin price is too high, so should you buy?
• Are there any other currencies you can buy and hold and wait for a price rise?
• How to buy how and where?
• ...

Those are all questions that Ngoc thinks we will be able to solve right away in this article.

By the end of the article, you will also see a very specific result, that is, through the instructions in this article, Ngoc will show you the quick way to earn at least 2 million after only 2 days by buying Bitcoin and Invest in Altcoin.

Let's start!

Understand a bit about Bitcoin and Altcoin before investing

As some of you may know, Bitcoin is the first cryptocurrency and it is still the highest value and is the most concerned by investors today.

However, in addition to Bitcoin we have a lot of other cryptocurrencies (called Altcoins) and currently quite a lot of coins are still at low prices, completely you can buy, hold it and wait for a price increase in future.

For now, look at the chart below to see OmiseGO (MOG) - an altcoin that is still on the rise (as listed on Coinmarketcap.com ). So now you can buy it for $ 12 / coin and maybe next year it will be up to $ 500 / coin?

The above is just an example, there are many other altcoins that you can track, analyze growth dynamics and implement long-term investment tactics like this.

There are coins in the top 10 on coinmarketcap.com (great potential) but the price is very cheap (less than $ 1) such as XEM , IoT ...

Ok, now we will get into the main problem that is how to buy an altcoin coin!

Instruction to buy Bitcoin invested in Altcoin on Bittrex.com

Note to make all the investment process under this article you need to have:

• Vietcombank bank account (with internet banking function), always register for balance notification via phone. To make online transactions when buying Bitcoin, invest in Altcoin and withdraw money after making a profit
• Sign up for a Remitano account: This is the most popular Bitcoin trading platform in Vietnam today, that is, you can use VND to buy the corresponding Bitcoin ( see Remitano registration tutorial )
• Sign up for an account on Bittrex: After buying Bitcoin on Remitano, transfer it to Bittrex wallet to buy Altcoins here. Bittrex is the largest Cryptocrrency exchange in the world, with lots of altcoins for you to buy and sell.

In a nutshell our process looks like this:

1. Use VND to buy Bitcoin corresponding to Remitano
2. Once you have an account on Bittrex, transfer the Bitcoin amount on Remitano to the wallet on Bittrex
3. Use that Bitcoin to buy Altcoin on Bittrex and keep it in the corresponding wallet
4. After altcoin price increases, sell into Bitcoin and transfer to Remitano
5. Sell ​​Bitcoin to get VND money back to Vietcombank

Sign up for a Bittrex account & turn on Authy security

Because we are going to buy altcoins on the Bittrex exchange, an account is required. Visit here: https://bittrex.com/account/Register  to register an account. (If you already have an account on Bittrex, skip this step)

Enter your email address and create a login password.

Soon Bittrex will send you an activation email.

Open the email you will see, click the link at the bottom of the email.

Notice confirming successful email address. Click the "Login" button

Enter your email address and password to login.

You will be redirected to the page updated personal information. Here you need to enter your full information.

Next in "Basic Verification", click "Verify Phone" to verify phone number.

Select the country of Vietnam and enter your phone number (remove the first 0 to go offline). Click Submit.

Soon you will receive a message containing 6 verification numbers, enter these 6 numbers in the VERIFICATION box and press "Verify".

Now you need Authy security canvas for your Bittrex account to increase security. Before turning on, you need to download the Google Authenticator app to your phone.

Go to “Two-Factor Authentication”, turn on the Google Authenticator app on your phone and scan the QR code. Immediately after that the application will give you 6 random numbers, enter these 6 numbers and press the "Enable 2FA" button.

Note: You should also record the Secret Key code in case you lose an app or phone, you can use the code to recover.

You will then receive an email notification asking you to open the Authy security.

In the email will contain a link, click on it to confirm.

You will be redirected to a new page, where you need to enter 6 random numbers on the Google Authenticator application on your phone to activate the last time.

Notice as below is completely successful. Click "Home" to access the Bittrex interface.

So at the end of this step, you have an account at Bittrex, you have turned on 2-step security. can login

This is how to secure your investment account, Ngoc recommends that you do!

Buy Bitcoin at Remitano and deposit it in a wallet on Bittrex

Now you need to log into your Remitano account to purchase a corresponding amount of Bitcoin.

• Check out this post on how to buy Bitcoin on Remitano

In this case, Ngoc will buy 0.1490875 with the price at the time of purchase is about 14 million . The goal is that after transferring this Bitcoin to Bittrex, it will be used to buy 2 altcoins, the Dash coin, which is on a strong upward trend.

Get the Bitcoin wallet address on Bittrex

Now to send Bitcoin from Remitano to Bittrex, you need a wallet address, log in to your Bittrex account, then select "Wallet" -> click on the "+" on the Bitcoin line to get the wallet address.

A window appears, press the "ADDR" button to create wallet address.

Soon Bittrex will give you a Bitcoin wallet address, copy this wallet address to Remitano to send Bitcoin here.

Now log in to your Remitano account then select the menu "V BTC" -> Choose "Withdraw"

Then paste the wallet address on Bittrex into the "Bitcoin Wallet" box. Enter the number of Bitcoin you want to deposit into the "Amount of BTC" box 

Click Submit.

Ok so the number of Bitcoin on Remitano is already on your way to your BTC wallet at Bittrex.

At this time, the Wallet section   on Bittrex will see the Pending Deposit section   showing the number of Bitcoin you have transferred.

However, you do not use it immediately but often have to wait about 30 minutes. When you see Bitcoin displayed in your  official ACCOUNT BALANCES column   , then you can use this Bitcoin to buy other altcoins.

Ok so there is Bitcoin in the wallet on Bittrex, now buy another Alcoin to wait for a price increase.

Guide to buying Altcoin on Bittrex

Ngoc will now buy using Bitcoin to buy Dash coins  (because at the time of this writing, Ngoc observes that Dash is rising very fast). This you need to monitor and research yourself, here I just for example to show you the process of investing in the form of "surfing" quickly only.

To start buying Altcoin, go to Markets with the Bitcoin icon . Then type Altcoin name in the Search box .

Soon the name of the altcoin will appear, (you can also type the symbol of the altcoin - see on coinmarketcap)

Click on the name of the Altcoin you want to buy and scroll down to the bottom, where you will see TRADING. This is where you can place a buy order.

Inside:

• Units:  Enter the number of altcoins you want to buy, click the word  MAX  if you want to buy all of the existing Bitcoin
• Bid:  Ngoc usually click on the word Price and select Bid . Selecting Bid means you will bid the same price as the highest bidder on Bittrex. Experience to buy orders right away I usually inch this up a bit. For example, if you choose Bid but the price is 0.07615000, then I will bid a higher price to 0.07616 =>  That is, people buy for A price, I A + to request to buy my altcoin will be the most expensive at the moment .
• Toal: In this section Bittrex will automatically calculate the Bitcoin you need to pay. You can view and revise in the Units section so that it is reasonable and does not exceed your BTC balance

After the bid is finished, press the blue "Buy ..." button to buy. A new window will appear, check again and click "Confirm"

Normally if Bid is in the form of  "Bid"  as above, you can buy Altcoin immediately.

If you wait a few minutes but you can not buy it means that someone is bidding more than you, so your purchase request will appear in the  OPEN BOOK section.

Now 1 is waiting for you, but if you want to buy faster, you can go to  Order  to fix your bid higher than the highest bidder to buy now. That is to bid it back.

After successful purchase, you will see the number of Altcoins appearing in the corresponding wallet in the AVALABLE BALANCE section.

So you have successfully purchased Altcoin, now the remaining is to track the price of that altcoin, if you count the price increase that you feel satisfied, then sell it for profit only.

Some coins that Ngoc owns

Note that this is only my personal share because an altcoin will have its own strengths. Which stockpile depends on your analytical ability and needs to be scrutinized.

My experience is to track the coinmarkecap to track its growth, visit the coin's main website to see who created it, what purpose it serves, and the market capitalization value at each time ...

Another small experience is that you should divide your investment amount to store at least 3 types of altcoins because investment is always risky, so you should not hold an entire coin but should disperse the money out for multiple coins Please.

1. OmiseGO (OMG)
2. BlockNet (BLOCK)
3. Ethereum Classic  (ETC)
4. Dash (DASH)

Guide to selling Altcoin on Bittrex

After a period of storage if you feel satisfied with the profit level, you can sell that altcoin into Bitcoin and convert that Bitcoin to Remitano and sell it for VND.

Below, Ngoc will guide you to sell the above purchased Dash (ie after 2 days of buying Ngoc, the price from $ 315 / coin has increased to $ 380 / coin).

In fact, this is not a high profit, but Ngoc will sell to get the instructions for you in this article. For other altcoins you can store for a long time to multiply your profits.

To sell, you still go to Market with Bitcoin icon , then type the name of the altcoin you want to sell (here, type Dash)

Click on the altcoin name that appears below.

Scroll down to the BIDS section, and you'll see many people are ordering Altcoin. If you see the price, you can click the arrow to sell now (this is the fastest way)

After clicking, you will see and confirm the sale request, then click  Confirm , immediately your altcoin will be sold and your Bitcoin wallet account will be updated (This is the operation you sell Altcoin. get Bitcoin)

However, there is another way if in the BIDS section above you do not want to sell at the price others are ordering, you can set the price in the SELL section below.

• Unit:  Select the number of altcoins you want to sell, click MAX if you want to sell all of the altcoin available
• Price:  You should choose  Ask  to bid the price equal to the final seller price of that altcoin, this place to sell fast you can reduce it a bit to make it easy to sell. (i.e. the opposite of when you purchased)

After placing a sell order, press the  blue Sell button  , your sell order will be posted in the ASKS column  , when a buyer is available, Bittrex will notify you. There will be cases where your sell order will be pushed down  (since there are many sellers that are cheaper than yours) , at which point you can delete the current order and create a new one with a new price to sell faster.

After successful sale, your Bitcoin wallet will update your balance.

Next we will transfer this Bitcoin to Remitano to sell for VND.

Instructions to transfer Bitcoin from Bittrex to Remitano

Here I will guide you to transfer Bitcoin to Remitano to sell for VND. Also note that I will not transfer all but keep a little to in the next step will buy another altcoin. This is how you can apply it as a reinvestment.

To transfer BTC, you need to get Bitcoin wallet address on Remitano (Go to BTC wallet section -> Load and copy your wallet address)

Return to Bittrex, go to Wallet -> press the minus sign "-"  in the Bitcoin line.

A new window appears, paste the BTC wallet address on Remitano into the Address box , enter the number of BTC you want to move into Quantity (here Ngoc enter 0.144 - keep some to buy other coins later)

When withdrawing BTC, you will lose 1 small fee. Click  Withdrawal

After about 10-15 minutes, the number of BTC will return to the wallet on Remitano, you will also see the withdrawal notice in the WITHDRAWAL HISTORY section on Bittrex.

Guide to sell Bitcoin on Remitano for VND

Ok so BTC has returned to your wallet on Remitano, now you sell this Bitcoin into VND.

On the Remitano homepage, scroll down to the bottom of the buyer area. Select the top buyer, with instant trading icon.

Click SELL

Next enter the number of BTC in the box "Number of BTC". Remitano will automatically convert to USD and VND exchange rate from the current time.

Click the SELL BTC button .

Enter your Vietcombank account information (on Remitano you should use Vietcombank to receive money quickly)

Immediately after the sale of Bitcoin is completed, you will also see the balance in the VND wallet updated.

Epilogue

So with this article, Ngoc showed you a process as well as a case study in investing in altcoins.

The process still follows a process that is: Using VND to buy Bitcoin on Remitano then transfer to Bittrex and use BTC to buy potential Altcoins. Wait for it to rise and sell out for Bitcoin and transfer it back to Remitano to sell for VND.

The operation and process are like that, but for successful investment you should note:

• It is advisable to delve into potential altcoins that are likely to rise
• Should long-term storage to increase the highest profit
• Set profit targets (for example, you set a profit target of 20% of the total investment coins, so there may be profitable but also profitable coins, but the book still reaches the profit target)
• Use the idle amount and divide the investment in different altcoins to minimize risks (not focusing on a single coin)
• Any transaction on the floor has a small fee, so need to calculate carefully. Avoid the situation that your profit just increased slightly when you sell immediately, after the completion of the transaction, minus the fee, the interest is no longer how much. (Long-term investment)