A few days before I started working on the Alt Coin List I had read quite a few articles talking about this topic. And after doing some more digging I found that the biggest mistake people make when collecting these coins is not to expand what they already have in their Alt Coin portfolio. Many people will start collecting coins only to find that they are not that into it and quit. Others will take months to accumulate even just a few good coins but quit the idea before they have collected even a fraction of what they thought they would have done.
If you’re going to collect coins, you need to know how much you have to actually get started. So I went over my list with a fine tooth comb looking for areas where I could expand. For the record, I am not complaining. My list is not all inclusive and I’m sure there are plenty of other lists out there that better suit your needs. The important thing here is that you have one.
Once you have your list, make sure you stick with it. Don’t allow yourself to fall into the trap of collecting coins because you think you might like them one day. When you do that, you are wasting your time. If you see something that you really like, buy the coin right then and there. Never waste time thinking about whether or not you will ever have the chance to purchase that coin again.
Now that I got that out of the way, I am going to give you the best way to expand your collection. I recommend you purchase a coin detector. This will allow you to spend more time researching the good ones and less time searching for those elusive bad ones. A coin detector can help you narrow down your list by letting you know exactly which coins are good and which coins are bad. It is a great way to spend your time and it will give you your desired results.
Once you have your list down, stick with it. Don’t jump from one seller to another. This will allow you to really discover which sellers offer the best deals. Also, when purchasing coins, don’t allow yourself to fall for some of the scams that are out there. For example, if a seller offers a cheap price for a coin, don’t be afraid to ask questions and see if it is in fact the real deal. After all, you do not want to pay too much for a coin that is a farce.
Another important thing is to be patient. Many people who are brand new to buying coins wonder when they should begin buying. This is when they start thinking that they will never get to own a particular coin. This is a big mistake. Start slow. Buy several different coins at a time and learn how each one behaves before deciding on which to buy.
Keep in mind that you need to stay updated. This is especially true if you are planning on buying several different types of alt coins. For example, you will need to be aware of the value of your coins no matter what type they are, whether it is worth more or less than others, etc. You must always stay on top of things if you want to keep up with the best sellers on an alt coin list.
In order to succeed on an alt coin list, you must be dedicated to being successful. You may think that this sounds difficult, but believe me, it can be done! Remember that if you put your heart into your business, then it will show in your trades and you will be more likely to make money. Always remember this and you will be well on your way to owning the perfect collection of coins for your enjoyment.