Any advice for invest my first 600$ in altcoins? - page 7.

rojan

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Quote from: ningrum on May 30, 2023, 08:56:01 AM

Quote from: Amejoaquim on May 29, 2023, 10:58:35 PM

I have some ATOM and MATIC which i see as safer alts, and a small bag of ROSE as a moonshot, but otherwise it’s mostly ETH and BTC.
I started the opposite way but quickly changed course because I felt happier with smaller returns on safer coins.

I think you prefer to minimize the risk which is a good thing too,
Bitcoin and Ethereum are proven to be two coins that need not be doubted and for long term investment it is the right choice because it is safer,
even so it does not mean that when we take a bigger risk it is a mistake because everyone has their own considerations.

It is good to take risk while investing but investing in the wrong coin can lead to big problems. I think it is very safe to invest in these two coins bitcoin and ethereum. it has low chance of losing big money. if you invest in these two coin and wait for a bit long. there will be a chance of good amount of profit. but if you think about another altcoins then you should keep focus in multiple coins like TRX, MATIC, WAVES, SOL etc. these coins has also potential to do well in the future market. but remember that you shouldn’t invest your whole money only for a single coin.

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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

lets be honest here, with $600 you most likely didn't gonna get anything meaningful from investing in just bitcoin and ethereum.
what you need is to seek some coin that might have potentially rise significantly by then, most likely it's gonna be some smart contract coin like blockchain infrastructure and something similar.
but I think your investment time frame is simply too long, 2026, most likely many things have been changed, even probably your investment have reached its peak and going downhill from that point.
i think long term holding should have maximum duration like not more longer than 2024 for your investment, it's just seemed more suited honestly, and also, forgetting your investment never checking it isn't the best idea you know.

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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.

I like the fact you are holding some of the important coins, wish to expand your portfolio, Well I think i will suggest coins like telcoin, maybe you can loop through the first 200 or even 500 coins on the coinmarketcap and make your informed decision

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Quote from: leonair on May 30, 2023, 12:12:48 PM

Quote from: Halime Anatolia on May 18, 2023, 04:21:15 AM

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

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 think SUI is good, investors and developers are very focused on this project. This project is only 46 days after listing on CMC. Just enter SUI because the price is still very affordable $ 1.19

SUI is a new Binance listed token And its marketcap is still very low so it may do well going forward but not strongly. But op's investing his entire $600 focusing only on SUI is high risk and should be looking at other altcoins as well. I'm very scared to invest in altcoins so I don't recommend it to anyone. And for this reason I do not want to talk about any altcoin here. Because I lost a lot of money by investing in altcoin without understanding

"Investing without understanding" is basically what makes it go wrong in the first place, you can't gamble with your money in the cryptocurrency market as it is not gambling if you want to gamble, it's simply better if you go play some slots which might give you a pretty high multiplier but investing in a project without any understanding or research will leave you with nothing.

Investing in new altcoins needs proper research and understanding of the projects and if someone thinks they can't do that, they should simply stick with the old and trusted ones like ETH, BNB, and some more that are doing well at the moment, and have been doing well in the past too.

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

Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.

Why don't you choose other top altcoins? You already have ETH and BNB, right? Aren't you interested in ADA, MATIC, SOL, DOT, and TRX? I think these altcoins are also potential altcoins and they look strong & safe enough because they have big market caps already. Instead of buying new altcoins, I think it is better to choose the top altcoins.

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

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

Among those altcoins, I only know ARB which has a good potential for the future. This project has a good product, they offer the same quality as Ethereum. We can speculate that this project can be the competitor of Ethereum and other top projects in the future. If we consider its price, it is also at a lower price now. After it reached its ATH on Mar 23, 2023 ($8,67), it drops to $1,22 now. It is a great opportunity to buy this coin at a lower price again. It probably skyrockets again in the next altcoins season. However, it is just my humble speculation, just ignore it if you don't agree with me.

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Quote from: FrozenBit on May 30, 2023, 05:10:59 PM

With $600 for a long-term plan to invest coins until 2026, I honestly find it wasteful and not very practical. After all, a long-term plan in which you own a large amount of assets is more profitable than one with just a hundred dollars. I don't think this amount is low, but this is really not suitable for long-term plans; it is better to use this money for short-term purposes instead. There are still many other coins that have a lot of potential that has yet to be discovered. So let's find some more coins.

that's true, holding until 2026, if it's just altcoin it has the chance of instead just losing value overtime that i think it's really bad idea, just invest in some newer altcoin, get profit at the first phase of listing, and you're set, but of course that also carries risk and not advised if someone is newbie.

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honestly such capital is considered relatively small, that's why honestly you should choose some coins that's also relatively small in price if you wanna get the most out of it.
investing in coins like ethereum isn't really maximizing your investment potential, I guess just invest in newer coins like arbitrum and maybe something like matic, even better newer upcoming coins like zksync.

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With $600 for a long-term plan to invest coins until 2026, I honestly find it wasteful and not very practical. After all, a long-term plan in which you own a large amount of assets is more profitable than one with just a hundred dollars. I don't think this amount is low, but this is really not suitable for long-term plans; it is better to use this money for short-term purposes instead. There are still many other coins that have a lot of potential that has yet to be discovered. So let's find some more coins.

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Quote from: leonair on May 30, 2023, 12:12:48 PM

SUI is a new Binance listed token And its marketcap is still very low so it may do well going forward but not strongly. But op's investing his entire $600 focusing only on SUI is high risk and should be looking at other altcoins as well. I'm very scared to invest in altcoins so I don't recommend it to anyone. And for this reason I do not want to talk about any altcoin here. Because I lost a lot of money by investing in altcoin without understanding

You have experience investing in altcoins and you already realize that there is a high risk for every altcoin investment even though it is a new altcoin with support from a top exchange but that risk must be considered, many investors are wary of investing in altcoins due to the FTX and Luna cases which have left the top altcoins because they have harm investors' assets. Even the top altcoins before are not guaranteed to be used as long-term assets, so be careful choosing altcoins for investment.

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Quote from: Halime Anatolia on May 18, 2023, 04:21:15 AM

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

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 think SUI is good, investors and developers are very focused on this project. This project is only 46 days after listing on CMC. Just enter SUI because the price is still very affordable $ 1.19

SUI is a new Binance listed token And its marketcap is still very low so it may do well going forward but not strongly. But op's investing his entire $600 focusing only on SUI is high risk and should be looking at other altcoins as well. I'm very scared to invest in altcoins so I don't recommend it to anyone. And for this reason I do not want to talk about any altcoin here. Because I lost a lot of money by investing in altcoin without understanding

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Quote from: lkjhg on May 30, 2023, 11:32:56 AM

if I currently have invested $ 500 all in Vsys, because Vsys is one of the Hong Kong projects,
which is currently still very cheap and only has a market cap of less than $ 5 million,
so I choose Vsys for the long term before market turn bullish i dont sell this coin, im sure Vsys will be big in bullish 2024-2025,

I don't know about the Vsys project but I noticed on cmc it has no potential to grow to the highest price, low capitalization and low daily volume should be considered and analyzed back in your decision to buy the coin, I think we can take advantage of the top of the coin when the price low because other altcoins have no long-term potential.

Always be careful buying coins without research and analysis, not only because a low price will tempt you to invest, but think long term to choose a coin with low risk of loss and potential price will be bullish in the future.

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Quote from: Amejoaquim on May 29, 2023, 10:58:35 PM

I have some ATOM and MATIC which i see as safer alts, and a small bag of ROSE as a moonshot, but otherwise it’s mostly ETH and BTC.
I started the opposite way but quickly changed course because I felt happier with smaller returns on safer coins.

if I currently have invested $ 500 all in Vsys, because Vsys is one of the Hong Kong projects,
which is currently still very cheap and only has a market cap of less than $ 5 million,
so I choose Vsys for the long term before market turn bullish i dont sell this coin, im sure Vsys will be big in bullish 2024-2025,

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Quote from: Amejoaquim on May 29, 2023, 10:58:35 PM

I have some ATOM and MATIC which i see as safer alts, and a small bag of ROSE as a moonshot, but otherwise it’s mostly ETH and BTC.
I started the opposite way but quickly changed course because I felt happier with smaller returns on safer coins.

I think you prefer to minimize the risk which is a good thing too,
Bitcoin and Ethereum are proven to be two coins that need not be doubted and for long term investment it is the right choice because it is safer,
even so it does not mean that when we take a bigger risk it is a mistake because everyone has their own considerations.

ooooooh.CJ

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I don't think that there is a right coin to invest
You should probably look for a project, technology to invest
Don't believe the hype, you tubers, influencers, cuz you never know their intentions
I can tell you to pay your attention to web3 and look for projects like Neon Link
Guys have a product, a roadmap, good growing community
It's a long term project, it's not a three minutes easy money hype, it's bigger than that
It is revolutionary, depends on what you're looking for
Choose wisely

Amejoaquim

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I have some ATOM and MATIC which i see as safer alts, and a small bag of ROSE as a moonshot, but otherwise it’s mostly ETH and BTC.
I started the opposite way but quickly changed course because I felt happier with smaller returns on safer coins.

MainIbem

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Quote from: fzkto on May 25, 2023, 12:11:59 PM

Quote from: MainIbem on May 25, 2023, 12:07:43 PM

Then when I was actively anticipating on altcoin I do go to CMC and choose coin that are newly listed over there that are as well listed in a good exchange like Binance, Coinbase, Kraken and Kucoin, I believe any coin listed in these exchange can last for at least 2 years or more before any issues. Although this is not a solid way to choose a token or coin because it may not favor you that much, I have been doing that then but decided no leave altcoin.
It's better you check the more details of the coin you want to hold till 2026 otherwise you could be left worthless token in your wallet.

How about a pepe or similar? That fits right in with your advice. With liquidity and large exchanges and everything is fine. But I don't think it's the best investment. It's safer to buy a time-tested coin. If you take your advice, you could buy a bad coin and lose money.

That was the reason I said it may not work for others, I myself could handle it since I may not hold for that long as op planned to hold for about 3 years which is from now till 2026. How sure is he if those coin would survive for that race since we are yet to experience bull run by next year, and you what always happens after bull we usually experience a very bad dip in a way it could be very hard for most of the coin to survive.

robattfield

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While it's true that everyone's advice to you is a good thing, it's really important that you first learn about this market yourself before making an investment decision. You yourself must understand the nature and operation of the market like this, and then the advice from others will be useful, which can help in investing. But given that you don't know anything and then throw money here, to be honest, I think you should buy a lottery ticket.

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Quote from: MainIbem on May 25, 2023, 12:07:43 PM

Then when I was actively anticipating on altcoin I do go to CMC and choose coin that are newly listed over there that are as well listed in a good exchange like Binance, Coinbase, Kraken and Kucoin, I believe any coin listed in these exchange can last for at least 2 years or more before any issues. Although this is not a solid way to choose a token or coin because it may not favor you that much, I have been doing that then but decided no leave altcoin.
It's better you check the more details of the coin you want to hold till 2026 otherwise you could be left worthless token in your wallet.

How about a pepe or similar? That fits right in with your advice. With liquidity and large exchanges and everything is fine. But I don't think it's the best investment. It's safer to buy a time-tested coin. If you take your advice, you could buy a bad coin and lose money.

MainIbem

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Then when I was actively anticipating on altcoin I do go to CMC and choose coin that are newly listed over there that are as well listed in a good exchange like Binance, Coinbase, Kraken and Kucoin, I believe any coin listed in these exchange can last for at least 2 years or more before any issues. Although this is not a solid way to choose a token or coin because it may not favor you that much, I have been doing that then but decided no leave altcoin.
It's better you check the more details of the coin you want to hold till 2026 otherwise you could be left worthless token in your wallet.

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Quote from: Webetcoins on May 14, 2023, 02:10:17 PM

Quote from: irsykes on May 13, 2023, 02:53:13 PM

Quote from: fzkto on May 13, 2023, 02:08:48 PM

Quote from: irsykes on May 13, 2023, 01:46:53 PM

SUI has more potential in the future, maybe up to 6$, 7$ like aptos. SUI's founders got massive investors over this target which got me thinking. maybe the next day there will be a new ATH for SUI, maybe for now it's good to buy and just wait for bitcoin which is currently being corrected.bitcoin halving is also approaching

I also think SUI is a potentially interesting project and might make it to the top of CMC in the future, but they have 10 billion coins and need to understand when they will unlock. It might happen that you buy $1 coins now and in half a year the price will drop due to the unlocking of the coins. So you should always research the tokenomics of new projects.

just for example my speculation, the locked SUI token will likely open where the bitcoin position will halving or after the halving, because the moment after the halving will make the altcoin rise from the bottom price. surely the founder will not let SUI token sleep for a long time, I'm sure the SUI project has good potential. it just hasn't happened for this year

I don't see how Bitcoin halving has anything to do with the total supply or circulating supply of SUI or any altcoin. It is not only about the price, if a token has a very huge supply, it is more likely to lose value over time since there will never be an scarcity of the token so the demand won't increase as much as it should to make the price go up.

I don't say SUI is a bad token, it is a great project and it obviously has the potential to become one of the top altcoins of the future, but regarding the supply, I also think it could be a concern in the long run unless they reduce it somehow.

things that happen if there is less interest in investing in SUI tokens there must be other ways, such as burning their tokens from a few percent of the total supply. yes, if it is locked for a long time it is indeed very less attractive to become a portfolio. there are still many new altcoin ecosystems that are still being tested in the future, don't miss it

Topic: Any advice for invest my first 600$ in altcoins? - page 7. (Read 2135 times)