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Topic: ASK- Which tokens to buy if you are a beginner/noobies/baby/beansprout? (Read 348 times)

hero member
Activity: 1470
Merit: 655
you should first clarify how beginner are you and how familiar are you with the altcoin market first and then decide whether you should even choose any of the coins that exist out there or not.

if your familiarity and experience in this market is minimal then you should not enter it at any cost. first gain the experience then throw away your money!
full member
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
Hi there,

Starting to trade with crypto. Read post and details.
But for starters, which token is best to buy for a definite nooby?


Appreciate your help. and also this is for others who have the same questions
(more questions to come)
If you don't know what token to buy the simply don't buy it.Just buy the crypto currencies which is top ranked on coinmarket cap the simply hold it.
legendary
Activity: 2618
Merit: 1181
If me new in crypto trading, maybe my friends will suggest me to buy coins and not tokens. Because tokens will a lot speculation and it is dangerous for newbies. I mean i afraid if people loss in their first trading and not want to come back.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
wanting to buy tokens and altcoins in general as a beginner/newbie is like wanting to participate in Olympics swimming team and compete with them while you don't even know how to swim! obviously you will drown just as you will metaphorically "drown" in the altcoin market if you jump in like that.

what you need to do is first start trading bitcoin and learn how things work in a more logical market with very little manipulation then start analyzing the altcoin market and see the level of manipulation in there. and after at least a couple of months of testing the waters you can go in and try your luck with the heavily manipulated tokens.
sr. member
Activity: 2016
Merit: 283
For beginners of course doing TA is a must which is to atleast you can obtain specific potential of the coin you want to invest.  So educate your self first,  and make a search so that you can build a strategy on your own as well.  And also avoid being greedy because that's the most important . Just invest what amount you can afford to lose to prevent regrets at the end.
full member
Activity: 1078
Merit: 102
I will go for Ethereum. Its much cheaper now. Before , I've been trading on btc pairs but withdrawal fees of btc was too much! Ethereum withdrawal fee is much cheaper. I also trade on btc pairs but I convert it to ethereum before withdrawing.
hero member
Activity: 1638
Merit: 518
Hi there,

Starting to trade with crypto. Read post and details.
But for starters, which token is best to buy for a definite nooby?


Appreciate your help. and also this is for others who have the same questions
(more questions to come)

Well
Welcome to this world
And , u mean token right ?
For now , i just suggested buying a BNB
Just go to binance, and buy a lot of that.
And believe me, in the name of anything on this world
U will get the first ur profit .
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
It is best for you to get the ones on the top. Because, if your knowledge is low, you can not make the right choice among others, and that will cause you to lose your money. The right time to get while prices are so cheap.
Exactly, instead of looking for some token its better to invest on top coins which is safe for every newbies. We should always put our money on the safest place, and good coins. If you want to have profit, then learn more and don’t invest to a project that is useless because it will not last longer.
hero member
Activity: 1358
Merit: 509
It is best for you to get the ones on the top. Because, if your knowledge is low, you can not make the right choice among others, and that will cause you to lose your money. The right time to get while prices are so cheap.
jr. member
Activity: 420
Merit: 2
If you ask for my opinion.
I would recommend faireum.io
full member
Activity: 994
Merit: 106
Official Street Team member
why do you have to Token? I recommend coins more than tokens because there are so many tokens that it's not clear that you better choose a coin that is clear, I recommend a Coin that is in the Big 10 according to CMC
copper member
Activity: 258
Merit: 1
Bitforex is an exchange which engages in nefarious fraud practices to take advantage of unsuspecting crypto projects wanting to list on the exchange and consumers wanting to trade. Projects should avoid listing on this exchange unless they want to lose their funds.

https://medium.com/@sallyalexon/bitforex-the-biggest-wash-trading-exchange-in-the-world-8245e9ca910a
full member
Activity: 560
Merit: 100
Put 75% of your funds into coins that are in the top 20 of coinmarketcap. This is the safest way to ensure you don't lose much. The other 25% you can go for riskier investments after doing a lot of research. You will lose money without a doubt but minimise those losses and learn from those mistakes.
If we are talking about newcomers, then a new person in the cryptocurrency market should focus only on the highest rated coins. Until he learns to analyze the available information about various projects. Nevertheless, the state of the cryptocurrency market. Even a professional is very difficult to navigate in order to select the most promising project.
sr. member
Activity: 798
Merit: 281
Put 75% of your funds into coins that are in the top 20 of coinmarketcap. This is the safest way to ensure you don't lose much. The other 25% you can go for riskier investments after doing a lot of research. You will lose money without a doubt but minimise those losses and learn from those mistakes.
sr. member
Activity: 840
Merit: 252
Because you are a newbie who is really decided to go into cryptocurrency investment you have to try out buying coins first which are in the top 10 ranks in coinmarketcap. Hold your coin before doing anything or trading them until you learned and have already armed with the knowledge of cryptocurrency trading of at least basic chart reading. If you can do that, you can decide for yourself to go and observe the movement of your coins in the market. If you still in doubt to try, don't go because you might end up frustrated. Good luck!
hero member
Activity: 1190
Merit: 541
Starting to trade with crypto. Read post and details.
But for starters, which token is best to buy for a definite nooby?


Appreciate your help. and also this is for others who have the same questions
(more questions to come)
It depends on the kind of trade you want to start in crypto, do you want to start a trade where you can make quick profit daily or you are just looking for a coin with potential that will give a good profit in the future.

If you are looking for coins to hodl, then I would advise you start with the purchase of bitcoin and ethereum then you can of other coin to buy but if you want to make quick daily profit, then it is better to go to an expert to teach you how daily trading works and how to make profit from it.
member
Activity: 686
Merit: 10
People who are very serious about cryptocurrency trading definitely they will invest in Bitcoin firstly because people who are new are entering into the market watching how potential Bitcoin is going to be. My suggestion for a new trader it is very good to invest in Bitcoin instead of investing in the other coins. After investing, it is better to start researching another potential in the market it will help you to boost your knowledge, instead of asking here research on your own.
member
Activity: 616
Merit: 11
TRADE WITH NEGATIVE FEES
Hi there,

Starting to trade with crypto. Read post and details.
But for starters, which token is best to buy for a definite nooby?


Appreciate your help. and also this is for others who have the same questions
(more questions to come)
Actually theres no master here in choosing the exact coin to profit more to begin with. Its just a matter of experience instead to lessen somehow on the corresponding losses if ever you lose. Even I cant guarantee you a right token too in this long bearish situation of market  but in my suggestion you better aim for top 10 coins in CMC at least to be safe and avoid fudd coins also.
legendary
Activity: 3472
Merit: 10611
you can buy the coin with already popular brand and available on most exchanges such as bitcoin or ethereum. Avoid small cap coins on small exchanges because the risk of pump and dump.

that is a common mistake most people make about altcoins! being popular "brand" and being on top of the lists doesn't make the coin good or even profitable. there are lots of much better coins that aren't that popular. in fact popularity of an altcoin mostly means it is a bigger pump and dump.
as for market cap, it is so arbitrary that it is meaningless. the first thing that having a high market capitalization shows is that the said altcoin has a huge circulating supply with a big percentage of premine. take the biggest altcoins ETH and XRP, both of them have huge  supplies and both have huge premines (70% and 100%) and big part of those coins are in control of their centralized power.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
I think for a newbie to earn money is to follow the signals of others till you gain knowledge about trading.
Definitely don't do this. Following these sort of "signals" is most likely going to end up disastrous for you. Spend some time learning, THEN you trade. Don't rush things as we're talking about money being at risk here.

Bitcoin. Seriously. Because you can't go wrong with the gold standard of cryptocurrency.
I really don't suggest this. Though bitcoin is the safest investment among most if not all cryptocurrencies, I'd still suggest against buying it if you don't know anything much about it. People buying bitcoin just because "moon" and "lambo" are mostly the ones who end up losing their funds through an exchange hack.
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