Topic: "Beginner-friendly-coins"? (Read 421 times)

Welcome to crypto! I think a good coin for a safe investment is Ethereum for sure. You just need some times to wait for some bigger gains. But Ethereum is one of the invests that is very safe!

Now is a good time to buy altcoins! buy cheap and  promising altcoins.
 I would recommend you draw the attention to snt, capp, siacoin.These altcoins can bring very good profits!

Bet it's Dogecoin: quite cheap, quick and reliable due to long play on the market. Also a strong community that can help you with all your questions. If I were you, I would choose Dogecoin.

Go research top 100 coin. Look prices, marketcap, you will find friendly coins. But research carefully, follow deeply.

 you can try buying appcoin, im sure after their beta the coin will go higher, now the price of the coin is 0.76 usd.

But a few dozen dollars, that's a small number.
So I would suggest that you invest in cheaper and potential tokens, and lately the whole market has been on a downward trend, and you can wait for a long time, Then consider buying some encrypted currency.

I think $50 is not a big amount, but of course, the cryptocurrencies can give many incredible opportunities. In my opinion, with this amount, the coins which have really low prices can be buyed. There are some good top coins which have prices lower than 1$, maybe you can try your chance with these.

Well, the best thing to do if want to invest in friendly coin you can search at https://coinmarketcap.com were a lot of coins having minimum invest offer and 100% profitable by selecting first 50 top coins in a list.

As for the growing market, and seeing new people putting money in cryptocurrencies everyday, I believe that cheaper price has some kind of influence in their thought process.

The pump that I observed definitely had many more other reasons, however, the cheapest coins were pumped more often than others. I do think that the price has a small impact, not a significant and I can only speculate on that because as you said, beginners start with small amounts. So, it is not a strategy to look for "cheaper" coins and try to flip the money, but I think that some beginners are much more attracted to "cheap" prices and easy money.

I agree, it makes no sense to invest such a small amount in expensive crypto-currencies. They are less volotilny and it is difficult to get a good profit from them. Cheap kriptovalyuty on the contrary, more volotilny. Their price can quickly grow and so you can get big money quickly. But do not forget about the risks. The cheaper the coin, the less it is known. And if it is not known, it can quickly be forgotten and you can lose all the money.

If I have about $25- $50, it seems that for me personally, first I prefer to collect some amount again to invest.
Anyhow the something that does seem less assure, for me., I will be feel less good to go.
But probably if I'm closer to a various types of tokens, maybe I will make an investment/trading in tokens with that amount.
Well essentially we must really closer/recognize with a various coins or types of tokens that are suitable to be invested in accordance with the amount we have.

for the new beginner you are advised to trade dogecoin because that coin is in my opinion has a very stable price.

If you just want to try using and exchanging crypto, use dogecoin. If you want some profit, look for a good token that has been decreasing since started trading, that thing would certainly rise one day.

If you are investing such small moneys (it is relative btw.), I would go with small market-cap coins. Investing big market cap coins will not bring so much profit (but they will guarantee small loss values)

I can name a few Bitcoin, Doge coin, and Ethereum and
Yeah the amount you are investing isn't huge but u have to start some where....

Buy a cheap one like Sia, Digibyte, Tron and Verge. Make sure you buy on the deep to have a good profit. Wait until it pumps up. Usually it pumps during Bitcoin dump or there is a good news about this coin.

You are totally right, there is no difference between "expensive" and "cheap" coins if they both grow by 10%. But there is one other thing. Cheap coins tend to fluctuate more often because of how humans react to cheaper prices. When a new person in crypto compares ripple and bitcoin, ripple definitely seems more attractive as it looks "cheaper".

I have tried following what coins get pumped every day for a week and noticed that most of them are with a price less than $1. A good example of that can be seen in this topic, where people recommend coins that are "cheaper" even though they have massive supplies.

As for the author, I recommend doing a research on all of the top 10 coins, because they are a lot safer than any other coin. And if you expect to get a return with having as little risk as possible from your investment you have to do your own research and try to evaluate whether the coin is worth your investment.
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Do you really think that this psychological aspect has that much impact? This may be the case for newbies, since they will believe that a coin is “cheap”. These however would usually not have a big impact on price, since they tend to invest small amounts.

Couldn’t the pump that you observed have different reasons? Coins that have less holders or market capitalisation are more susceptible to market manipulation, since it will require less capital to influence the price. So these coins are more likely to be pumped (and dumped) than others.

I'm recommend you to invest in bitcoinwhite(btw) if has very large community and have same potential with bitcoin. Try this bitcoinwhite.org

You are totally right, there is no difference between "expensive" and "cheap" coins if they both grow by 10%. But there is one other thing. Cheap coins tend to fluctuate more often because of how humans react to cheaper prices. When a new person in crypto compares ripple and bitcoin, ripple definitely seems more attractive as it looks "cheaper".

I have tried following what coins get pumped every day for a week and noticed that most of them are with a price less than $1. A good example of that can be seen in this topic, where people recommend coins that are "cheaper" even though they have massive supplies.

As for the author, I recommend doing a research on all of the top 10 coins, because they are a lot safer than any other coin. And if you expect to get a return with having as little risk as possible from your investment you have to do your own research and try to evaluate whether the coin is worth your investment.

Can someone explain to me why a coin that costs below 1 $ should be a better investment than a coin that costs e.g $ 100? I don’t see how a cheap coin has more potential to increase it’s price than an expensive one. If both grow by 10% you get equal ROI. I also don’t see how a “penny coin” has more growth potential. Most of them are relatively cheap since they have massive supply or are focusing on a niche. I think it is a common misconception that you should invest small amounts in “penny coins”. You just need to look at penny stocks and they don’t outperform blue chips.

What you should really consider are the transaction costs of some cryptos like BTC, which could eat up your small investment once you transfer from an exchange to your wallet. The great thing about cryptos as compared to stocks is that you can also invest into fractions of a coin. So if you like an “expensive” crypto just buy it. It’s more about finding a god project than anything else.

To buy SIA - he need BTC for it. Lets count how much money will go for commission when he will buy BTC

25-50$ is a very-very low sum for investments in crypto.

I'm a friend of Siacoin too. Hard to buy though.

The best thing to look for in beginner friendly coins is whether they have a huge market capitalization, a big circulating supply and what is the total number of coins printed for that particular cryptocurrency. Taking into account all these factors the best coins to invest in would be Bitcoin, Dogecoin, Siacoin and Cardano

Joining big train maybe more valuable, i mean invest in ethereum or bitcoin.

to have a little experience about doing a day trade activity is such a great idea, because if you are not have any experience about it you can give a shot to gain, $50 is enough. but if you want to earn more than you expected about investing on some other coins/tokens you can raised it on how you gain/earn in your trade activity for more experience to have in the future.

Let's exclude the capital that you quoted and let's just say that you'd like to buy coins as a beginner and you want to get profit. I'd suggest that you still go with ETH or BTC since these two has the highest probability of profit in short or long term. I tink, other coins require long term investment if you really want your capital to grow and of course make the amount you put in the coin reasonable. I think cardano and Verge do have potential.

any coin that has a high daily volume in long term not just one or two days. go to coinmarketcap.com or the exchange you are using and sort their list based on volume. the top coins of that list are good options for start.

but i still suggest starting with bitcoin trading then moving to altcoins. because the higher level of manipulation in altcoins makes it tough for a beginner to make profit.

yo.
it's a really small amount of capital for you invest in.

due to that i think you should try a coin that it's super low these days.
if you are in it for the long term i would recommend you buy ADA.

For sure earnings and with no lose at all try this for your investing you need only to hold even the price drop so low

BTC
ETH
BCC
BNB
LTC
NEO

Monitor also this some coins and tokens >>> XRP,NANO AND AION

Ethereum is a beginner friendly coin.
It has a trustworthy wallet and it is easy to sell.
It is also easy to earn eth from bounties and airdrops.
I recommend using this coin for beginners

I would put in $5 to 5 different altcoins, if possible all below 50 cents so you have at least 10 coins or tokens of each. Now it actually does not really matter in terms of units, since even small denominations have equal chance to grow but I am thinking here of the fees when you withdraw (for example $5 of bitcoin is 50,000 satoshi and most sites charge withdrawals of more than that).

Personally since the amount is so small, it does not matter and you want quick turnover. My picks would then definitely be Verge, Siacoin and Digibyte, and go for any top volume trading. You can aim for quick 10% on each and you will see that this hits within a month. Or aim for 30% or more and hold out for months. If you are lucky one might even x2 or x3.

If you just want to forget. Then go for Waves, Stratis. Wait for a year and you will be happy.

If you are new to the cryptocurrency market, I recommend focusing on the altcoin in the top 20 coin crypto on coinmarketcap. These are crypto coins of great value and the community is very large so the risk for your investment is very small. You should choose from 2 to 3 altcoin to invest, which is the right amount for you to track and decide on proper investment.

If you are beginner with big amount than i suggest you to go for reputed and safe coins like bitcoin,ethereum, litecoin, neo, ripple.These big coins will give you very good return of your investment.

It is a safe choice to begın wıth coıns whıch have a large market capıtalızatıon and a huge cırculatıng volume sınce a begınner does not know much about the cryptocurrencıe busıness. Hence some of the good coıns to start your journey ın the crypto world would be Bıtcoın, Ethereum, NEO, Sıacoın, Rıpple, IOTA, Dash, Lıte coın, Stellar, EOS and Cardano.

really good "pennies" that are very liquid and on major exchanges
XVG
DGB
XLM
NEM

I would go with sth like ADA (Cardano) or XLM (Stellar) - they are cheap but top 20 and good teams. Then I would try to sell hi and rebuy low or jump into another coin.
remember that it doesnt really matter if you buy 0.0001 expensive coin for $50 and it goes 50% up or you buy 5000 cheap coins for $50 and they go up 50% - you still earned 50% (25$)
good luck!

I would advice against controversial coins like Tron and Verge. With a small investment like that, look for something more secure in the Top 20, read about them and check their whitepapers. Also, you will probably lose a good chunk on fees, so, try to buy from a friend.

Yes, but not that small. I'm sorry but I think you should have at least $ 100 to start trading, so please save your money until you have enough fund. Except you want to learn real market works ( not for profit ) that could be fine and right step. Most people will give you many answer about friendly coin but I'll give you simple advice, take one ( anything you like ) and start to test your strategy. For me, learning by doing is the right way to success.

Asking a random joe which coin should you invest is like giving away your money literally,investment in these shitcoins needs a lot of time to have some research with their backgrounds because modt of the altcoins in the market are worthless,or theres no product/use in real world,the best thing to do is to research most of the coins so you would be able to eliminate shitty coins in the market.

Your start-up capital is so small it would be good if you start at $500. Anyways you can visit here https://coinmarketcap.com/ for you to look for low price altcoins. But my suggestion I would go for Ripple and IOTA these two are good altcoins to invest they are both active has large market cap.

Wow. This reply is helpful thanks mr.btcluisdiki for sharing

You are right that you need to start small, but fees will eat your $25-50 in no time.
Find a friend to sell you ETH for $50 and then buy some cheap token like ELIX, PRL or ARY. If you want to 'gamble' and get 3x-5x in few months, choose some good ICO and buy tokens there. Streamity is one excellent choice and they raise few millions during the pre-ICO.

If you have less budget to start with then i will suggest you to invest in innovative project. projects under neo platform will be good, NEO had 34 ICOs coming this quarter so invest in them.

More other projects are Lisk, LTC, ETH and ofcourse BTC.

I would definitely go for SIA-coin.

You should look for the technology and the birth-reason behind a coin. Invest if it makes sense to you...

Since it is a very small capital, you would want to invest onto altcoins that are cheap as of the moment. Look for coins with good concept and lots of potential with low market cap now and wait for it to pump at least once in order to profit. Start looking for not well known coins because they are your best chance for profit if ever one of your picks pumped hard.

Viberate will be my first choice

Here are the top 3 altcoins that are cheap and good potential for your investment.
1) Tron (TX) - is a block-based open source global digital entertainment protocol that is cross-protocol for digital entertainment.
    Price value: $0.05 USD
    Market Cap: $ 3.5 billion
2) Verge (XVG) - is a secure and anonymous cryptocurrency, built with a focus on privacy.”
    Price value: $ 0.06 USD
    Market Cap: $ 1 billion
3) Siacoin (SC)- splits apart, encrypts, and distributes your files across a decentralized network.
    Price value: $ 0.043633 USD
    Market Cap: $ 1.3 billion
Based on the above information, surely you can choose which among the 3 altcoins you would select best for your investment. Hope this may help you decide the best of the 3 recommendations.

If you're beginner with big money the most friendly coins are Bitcoin and Ethereum. But if you have only 25$ to invest just choose the cheapest coins from top-10 on coinmarketcap.

I would buy SIA or Digibyte for this and hold for 3 month -->

SIA should grow when the new ASCII algo coms in may the difficult will be much more higher and the miners who can sell every day will be lower.

So SIA and Digibyte would be a nice move for me

You should try on investing on the proven and tested alternate coins first if you are to tests you funds and mitigate your risks as low as possible like for example investing in ethereum, litecoin, and bitcoin cash these are the coins which has shown potentials to keep up with bitcoin.

Its very low capital to invest but still if you want to invest this in good coin , I will advice you to invest in cheap and good coins at this stage. Like Steller, Verge, Siacoin. But before invest in any coin you should research about that coin completely and study its white paper well so that you will get some confidence that its will rise more from current level.

Let's say you had some extra $25-50 you'd be willing to part with to gain some crypto trading experience. Which (alt) coins would you invest in to gain a bit of a profit to re-invest? I realize that's not a huge amount but hey, gotta start small, right?

Thoughts?