Any advice for invest my first 600$ in altcoins? - page 4.

carlisle1

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Quote from: Xampeuu on August 08, 2023, 09:29:56 PM

Quote from: Shamm on August 03, 2023, 09:27:42 AM

$600 is quite good enough for investments but if I were you OP I will choose those trusted and known coins which can bring you more profit in the long term and once of the biggest coin in this world is BITCOIN which is good enough if you have this cause we all know that once it will rise then the price will shocked you. So it's better to have this coin nowadays. And also there are many trusted enough out there like, BInance, Ethereum and many more coins just take a look in to the internet and you will get some idea.

if you choose an altcoin to invest, then I would suggest ethereum and binance for the first, and the rest leave a little capital to seek luck in trending coins so that we can maximize profits in the future, but if we are not lucky then we only lose some small capital and it doesn't mean much, for example if it is invested in sui, which is currently still a lot of discussion about it so we can choose it. and of course the right time to sell must be considered, where the bullish season is the right choice to sell

That's valid if you are unsure but you still want to try some luck with the coin that you think will progress, throwing some amount
to that coin will allow you to see if you will earn or you will lose.

Unlike with ETH and BNB which expectedly to pump hard when the market start to bull season, the chance is really good in terms of solid project.

Though it's still up to how you do your research and how you follow the developments of that certain asset.

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Quote from: Shamm on August 03, 2023, 09:27:42 AM

$600 is quite good enough for investments but if I were you OP I will choose those trusted and known coins which can bring you more profit in the long term and once of the biggest coin in this world is BITCOIN which is good enough if you have this cause we all know that once it will rise then the price will shocked you. So it's better to have this coin nowadays. And also there are many trusted enough out there like, BInance, Ethereum and many more coins just take a look in to the internet and you will get some idea.

if you choose an altcoin to invest, then I would suggest ethereum and binance for the first, and the rest leave a little capital to seek luck in trending coins so that we can maximize profits in the future, but if we are not lucky then we only lose some small capital and it doesn't mean much, for example if it is invested in sui, which is currently still a lot of discussion about it so we can choose it. and of course the right time to sell must be considered, where the bullish season is the right choice to sell

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Op you said you are a investor of btc since 2010, that means you already know a lot about cryptocurrency. So i don't think you need vote to know, what altcoin you should buy and what you shouldn’t. But as you asked, let me Express my opinion. Arb and sui will be good altcoin in future, so it is fair to hold those for long time, but rest of two id and hook! Good but i can't say confidently that those will be good for long run. So better to go for arb and sui. Now think again if you really want those or want to move with others altcoins

Shamm

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$600 is quite good enough for investments but if I were you OP I will choose those trusted and known coins which can bring you more profit in the long term and once of the biggest coin in this world is BITCOIN which is good enough if you have this cause we all know that once it will rise then the price will shocked you. So it's better to have this coin nowadays. And also there are many trusted enough out there like, BInance, Ethereum and many more coins just take a look in to the internet and you will get some idea.

Mr. Magkaisa

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- If OP is aiming for the long term, you should better look at research at your own way to invest in which of the cryptocurrency is the best for investment, however, if I were the one I have this amount, I will split it at 6 coins were 100$ each. And these are Bitcoin, Binance, Matic, Doge, Shib, and Pepe, this is just my thoughts and opinion anyway.

It maybe not right for others, But I am surely these meme coins can follow the hype for sure when the bull season comes up in the market.

ultrloa

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Quote from: JahriMeayer on August 02, 2023, 05:22:42 AM

I also suggest that, we should wait until market pattern indicate good sign for buying altcoins. Now market condition is sensitive for someone, but for someone its another opportunity to grab

Maybe best for him to do test using a small amount so he would know or maybe get an idea if its good to buy at this time or rather to gain experience before he use all of his money to buy the alts he desired. Also nothing wrong to buy at current condition and its just he needs to be more vigilant to know each movement so that they will not get trapped by bad movement and can sell early while other is accumulating. To many things to learn in the market so best study first before taking unwanted steps on trading.

Iamcrypticguy

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BTC is a good one and eth. You should also look at alts that'll give you Rewards/ Airdrops like BGB. As a holder you get access to airdrops and more. Similar to what kcs does but this is better imo.

JahriMeayer

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Even though ARB coins are worth choosing from the list of coins mentioned, new altcoins are certainly very risky if market conditions are unstable

Regarding newbie investment, its always risky to buy new coins instead of existing potential coins. But sometimes altcoins also gives opportunity to being profitable than others altcoins. That's what people think about new investment although they aware about risk

Quote from: ?? on ??

so if you decide to invest in a new coin, wait for the next pattern of market movements because altcoin prices are very sensitive

I also suggest that, we should wait until market pattern indicate good sign for buying altcoins. Now market condition is sensitive for someone, but for someone its another opportunity to grab

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Sir, why do you recommend SUI, they are very new and don't have a strong track record yet. Please explain so that we are here to know more or less the potential of this coin and not buy the wrong thing other than what you said above.

I know the SUI project is new, but it holds potential to become something big in the future. Aside from being a smart contracts platform, it's also a high-performance blockchain network. It has its own programming language made from scratch (named "Move" which was supposed to be used by Facebook's Libra/Diem blockchain). This makess SUI unique among rivals which are based off Ethereum's EVM (using Solidity as programming language). It's like saying Firefox has its own web engine, while the rest of the other browsers are using Chrome's web engine (Microsoft Edge, Opera, Vivaldi, etc).

Of course, these are not the sole indicators of a cryptocurrency's success. You'd need to consider the level of centralization within the network, the supply of the coin, among other things. Do your own research, and you'll see why SUI is a better choice than Solana (SOL). Just my opinion

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Quote from: QueenVera on July 20, 2023, 07:41:32 AM

Quote from: savetheFORUM on July 06, 2023, 10:39:44 AM

I personally think the ARB and SUI have got great potential for the future considering they are backed by great protocols that most projects will surely use in the future for their decentralized applications, however, I wouldn't recommend holding them for as long as 3 years but just sell them when they reach good prices during the bull run.

I support this suggestion because I'm a big fan of $ARB myself and I have been following the project. Since the OP wants to invest $600 I think he should spilt the money and invest $300 each into both projects as they're good coins to invest into and hold for the next bull market. $ARB has been receiving lots of supports and it's looking like one of the coins to 10x this bull market.
If the OP isn't comfortable with this coins, he can try launchpad tokens as those also give profits as well. You can invest and sell immediately they get listed on exchanges. Altcoins shouldn't be fully trusted as they can stop been profitable anything because of lack of interest from investors because there's a new coin in the market thats better than the previous coin trending.
$600 is too small for investing as you should increase your budget to above a $1000 then you can invest $500 each into two different coins. If you're lucky to get a 10x on each investment that means you'll be getting $10k when you sell and that can be used to reinvest again if the bull market hasn't peaked already and you can make more money from the new coins you'll buy.

ARB is included in my list also that I'm accumulating. I've seen that the community support is solid and the price is staying strong at a certain level. I believe it is moving sideways after they are released on the market and it's one of the signs why I want to buy ARB. I believe on the strong community of ARB and it is one of the strongest coins that I currently have. I don't support coins that much but I like to support a coin that really I see a future. We'll hope that ARB can easily get 10x next bull market.

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Quote from: savetheFORUM on July 06, 2023, 10:39:44 AM

I personally think the ARB and SUI have got great potential for the future considering they are backed by great protocols that most projects will surely use in the future for their decentralized applications, however, I wouldn't recommend holding them for as long as 3 years but just sell them when they reach good prices during the bull run.

I support this suggestion because I'm a big fan of $ARB myself and I have been following the project. Since the OP wants to invest $600 I think he should spilt the money and invest $300 each into both projects as they're good coins to invest into and hold for the next bull market. $ARB has been receiving lots of supports and it's looking like one of the coins to 10x this bull market.
If the OP isn't comfortable with this coins, he can try launchpad tokens as those also give profits as well. You can invest and sell immediately they get listed on exchanges. Altcoins shouldn't be fully trusted as they can stop been profitable anything because of lack of interest from investors because there's a new coin in the market thats better than the previous coin trending.
$600 is too small for investing as you should increase your budget to above a $1000 then you can invest $500 each into two different coins. If you're lucky to get a 10x on each investment that means you'll be getting $10k when you sell and that can be used to reinvest again if the bull market hasn't peaked already and you can make more money from the new coins you'll buy.

Abiky

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Quote from: Princess_Devi on April 26, 2023, 10:24:51 PM

Hi just new to here. I want to know what are the good altcoins that can be invest and forget until 2026. I'm currently thinking to spend around 600$ for altcoins. Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.

Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you

If you haven't invested your $600 yet, I'd suggest you go all in SUI. It's a next-generation Blockchain network that's fast and cheap to use for day-to-day payments. The smart contracts platform also has its own programming language and VM built from scratch. It's not like others which are straight clones off the ETH blockchain (BNB, TRX, etc).

SUI might become a huge contender of Solana (SOL) if it gets the attention it deserves. Time is of the essence here, so the earlier you buy prominent "blue chip" altcoins, the higher the chances for profit will be in the future. As with any investment, always do your own research to help determine what works best for you. Who knows what surprises the crypto market will bring in the long run? Just my opinion

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Quote from: Ngemmeng on July 17, 2023, 06:18:39 PM

if you already hold BTC you should invest all remaining money in ETH and BNB. the reason is because ETH and BNB are the safest altcoin investments right now, this is because ETH and BNB have very high utility and network transactions are constantly increasing. i know ARB and SUI are big projects in 2023 but for long term investment much more worth ETH and BNB because ARB and SUI still haven't proved anything, and even many new projects in SUI network failed.

thats true in regard of SUI i don't know why this blockchain is really underwhelming in terms of rate of successful project within it and even SUI itself isn't that good, I guess thats because many that followed
their presale are already trying to dump their coin for the sake of profits every month.
regarding investing in ethereum though, I guess its not really that good choice mainly because the capital invested are limited, its only good for investing in coin thats around $1 and a little bit more and thats it.
I don't think investing in altcoin with high value will results great.

Ngemmeng

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if you already hold BTC you should invest all remaining money in ETH and BNB. the reason is because ETH and BNB are the safest altcoin investments right now, this is because ETH and BNB have very high utility and network transactions are constantly increasing. i know ARB and SUI are big projects in 2023 but for long term investment much more worth ETH and BNB because ARB and SUI still haven't proved anything, and even many new projects in SUI network failed.

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According to my experience is that if you invest your $$ in crypto so must read project if project are strong there roadmap are great so invest and wait for project success if you can't read about project and blind invest definitely you got loss so be careful strong and invest in real project.

If you invest 5$ you will not earn a lot of money. If you are not sure it is better to invest only in Bitcoin and Ethereum and now it is a good time for it. Now there is a fall of the marekt and after the fall of the market will be a rise of the market. And you will earn your profit in all the cases because Bitcoin and Ethereum will survive in all conditions.

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Quote from: barhavsky on July 07, 2023, 04:43:09 PM

Quote from: Princess_Devi on April 26, 2023, 10:24:51 PM

Hi just new to here. I want to know what are the good altcoins that can be invest and forget until 2026. I'm currently thinking to spend around 600$ for altcoins. Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.

Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you

just add more your BNB and ETH, because in my opinion BNB and ETH are the right choice to make an investment, so you will definitely get profit from investing in BNB and ETH, but if you dare to take risks, then you may try investing in new projects (SUI and ARB which I think are better than HOOK and ID), but I still recommend you to invest in BNB and ETH, because BNB and ETH are safer and will definitely give you profit in the future.

I don't think BNB is the best option for investing, especially now. There have been a lot of big funds applying to sec for etf approvals lately. It's all coming to a point where bigger and more licensed exchanges will emerge. So I think binance has a threat for the next few years. Nothing lasts forever in this world.

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Quote from: Princess_Devi on April 26, 2023, 10:24:51 PM

Hi just new to here. I want to know what are the good altcoins that can be invest and forget until 2026. I'm currently thinking to spend around 600$ for altcoins. Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.

Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you

I don't dare to give you advice however, I personally choose ARB to be the next altcoin to invest in, but I will hold back around 1-2 years or a new ATH target from the start of the ARB list itself. for me the old coin is more promising than the new coin

barhavsky

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Quote from: Princess_Devi on April 26, 2023, 10:24:51 PM

Hi just new to here. I want to know what are the good altcoins that can be invest and forget until 2026. I'm currently thinking to spend around 600$ for altcoins. Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.

Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you

just add more your BNB and ETH, because in my opinion BNB and ETH are the right choice to make an investment, so you will definitely get profit from investing in BNB and ETH, but if you dare to take risks, then you may try investing in new projects (SUI and ARB which I think are better than HOOK and ID), but I still recommend you to invest in BNB and ETH, because BNB and ETH are safer and will definitely give you profit in the future.

savetheFORUM

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Quote from: jossiel on July 03, 2023, 04:56:39 PM

Quote from: BaeSuzy on July 03, 2023, 04:25:04 AM

The best advice for you is better just stick with the hype. AI coins is so hype right now, try to find more information about FET and AGIX you will be amazed with the project and i think both of this coin is gonna be lit in the next bull run.

He wants to hold it until 2026 and I don't think that's a good idea to stick with the hype if he's long term on this market.

The best idea is to buy bitcoin and hold it until that time comes. $600 won't get him a whole bitcoin but soon, we'll see the bull run and we don't know if it's going to be doubled or tripled or more than that.

Rest assured that he'll stick to the stability that bitcoin has and whatever will be the trend, bitcoin is here to stay.

I think he mentioned in the OP that he is already holding a good amount of Bitcoins since 2010 and people shouldn't suggest buying Bitcoins, so I believe we need to stick to the topic and discuss only altcoins that he is interested in or that we find interesting and we think are worth holding for a span of about 3 years since he is going to hold the assets until 2026 which he might be thinking would fall under the bull run period, I believe.

I personally think the ARB and SUI have got great potential for the future considering they are backed by great protocols that most projects will surely use in the future for their decentralized applications, however, I wouldn't recommend holding them for as long as 3 years but just sell them when they reach good prices during the bull run.

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No real cryptocurrency enthusiast will tell you a particular token to invest into. They will only advise you on how to know a project to invest into with the caption DYOR.
If you're investing on an existing project, check their performance in the past and what the team is currently doing as regards development that leads to price rise.
If you're investing on new ones, you need to research the real team behind the project to be able to assert if they will be able to develop the greatness you expect from the project

Topic: Any advice for invest my first 600$ in altcoins? - page 4. (Read 2135 times)