Topic: Don't buy altcoins because they are top altcoins - page 5. (Read 1325 times)
What's the problem with buying altcoins that were in the TOP and then stopped being in them? Just because they come out of TOP-10, TOP-25, etc., it doesn't mean they won't be profitable anymore. The TOP of altcoins changes every year, it's normal, because the industry is constantly evolving, new projects appear, the competition is growing. The most important thing is that the support of the project by miners and developers does not stop.
I would rather buy top coins rather than coins without any assurance of getting a higher rank in the future. Being on top simply means that they have better potential and could even provide a good profit when the market gets better. We only have to be skeptical in choosing and avoiding hyped trash coins. As we could see, the most active and well-established coins are on top.
LUNA is also active and established coin where they're support Bitcoin by buying it, that time LUNA in included in the top 10 crypto on coinmarketcap. While FTT is also good since the exchange is on top 5 and many people said it's a Binance killer, if I'm not mistaken FTT is included on top 20-30 coins. Does these coins keep increasing about the marketcap? nope, they will become dead coins sooner or later since it's worthless.Exactly, that's what happens with altcoins, even the top ones, it's just a matter of when they will collapse or be replaced. The top altcoins of the 2014 and 2017 bull seasons, now most of them are no longer in the top 10, which shows the longevity and risk of investing in the top coins. Of course, they're good to be on top, but they're only good in 2022 and there's no guarantee they'll continue to do so well into the next bull season. Topcoins is not the perfect choice.
we shouldn’t invest in top altcoins the reason of luna and ftt?
those 2 coins was top 50 rank coins but destroyed,
nothing guaranteed in crypto but i think tops coins are comparatively safe investment from random shit coins.
you can say top coins for long term investment, & new coins to short term investment to make big profits.
those 2 coins was top 50 rank coins but destroyed,
nothing guaranteed in crypto but i think tops coins are comparatively safe investment from random shit coins.
you can say top coins for long term investment, & new coins to short term investment to make big profits.
I would rather buy top coins rather than coins without any assurance of getting a higher rank in the future. Being on top simply means that they have better potential and could even provide a good profit when the market gets better. We only have to be skeptical in choosing and avoiding hyped trash coins. As we could see, the most active and well-established coins are on top.
LUNA is also active and established coin where they're support Bitcoin by buying it, that time LUNA in included in the top 10 crypto on coinmarketcap. While FTT is also good since the exchange is on top 5 and many people said it's a Binance killer, if I'm not mistaken FTT is included on top 20-30 coins. Does these coins keep increasing about the marketcap? nope, they will become dead coins sooner or later since it's worthless. So @op is conveying that we shouldn't invest in an altcoin. We should put our money in Bitcoin only, wait.., I thought for one second there that Bitcoin is the same lol, but Bitcoin isn't altcoin so yeah I am right to say invest only in Bitcoin as summarized to what @OP wanted to tell.
Honestly, we only need the right timing for the altcoin. We do not need to hold them for a long term, we just need to trade them to buy more Bitcoin in the process.
If you know how to do that then without a doubt you will be able to obtain massive profits, however there are many people that simply do not have the skill and they still try their luck and unfortunately their results are terrible, so for people like that it would be better to simply hold bitcoin and wait for the bull run to come, however this simple strategy seems too simple or too boring for them, so even if it is the best strategy they have available they seldom use it. Honestly, we only need the right timing for the altcoin. We do not need to hold them for a long term, we just need to trade them to buy more Bitcoin in the process.
So @op is conveying that we shouldn't invest in an altcoin. We should put our money in Bitcoin only, wait.., I thought for one second there that Bitcoin is the same lol, but Bitcoin isn't altcoin so yeah I am right to say invest only in Bitcoin as summarized to what @OP wanted to tell.
Honestly, we only need the right timing for the altcoin. We do not need to hold them for a long term, we just need to trade them to buy more Bitcoin in the process.
Making an entry at the right time and making trades will let us enjoy the profit in bitcoin. Most of the users does this way investing into altcoins and moving the profit made in the short term into bitcoin. This will keep the portfolio strong as well as give us the risk free investment. Altcoins are good to generate better profit, but the failure of more trusted ones have created fear among the investors and hodlers. Honestly, we only need the right timing for the altcoin. We do not need to hold them for a long term, we just need to trade them to buy more Bitcoin in the process.
So @op is conveying that we shouldn't invest in an altcoin. We should put our money in Bitcoin only, wait.., I thought for one second there that Bitcoin is the same lol, but Bitcoin isn't altcoin so yeah I am right to say invest only in Bitcoin as summarized to what @OP wanted to tell.
Honestly, we only need the right timing for the altcoin. We do not need to hold them for a long term, we just need to trade them to buy more Bitcoin in the process.
Honestly, we only need the right timing for the altcoin. We do not need to hold them for a long term, we just need to trade them to buy more Bitcoin in the process.
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Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.
Don't stress yourself with these coins. Might you can say the position of the coins in the market measure how good they are but no, some traders never mind it but they'll go and buy coins that they think it gives them a profit in the future. Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.
I don't want to wonder why these BCH, Bitcoin Gold, and Bitcoin SV lost their position because people are more focused on Bitcoin as the only Bitcoin in the crypto market.
It is not really all about the market position but also how a particular project become helpful to the community. Many coins have gone in the past year, especially last year as seen in the chart due to the incapability of those coins. Nobody will care to invest in them either.
As new projects are born, Those who are on the top are trying hard to improve or maintain their spot and new projects are trying to climb into the TOP coins. I believe that bitcoin will always be number one in rankings and the number 2 spots is the one that all altcoins are fighting for to grab. Being removed from a high spot doesn't mean that the project is going downfall, There are projects that are being better with it's marketcap and over all volume because of the support of the community but sometimes it is temporary and projects can't maintain it since it is driven by hype.
Being on the top doesn't mean it is a bullet proof project, Just like FTX and LUNA those coins are on the top but now they are one of the biggest fraud on crypto. But it is better to pick and choose altcoins on the top 100 than those shtcoins out there.
Being on the top doesn't mean it is a bullet proof project, Just like FTX and LUNA those coins are on the top but now they are one of the biggest fraud on crypto. But it is better to pick and choose altcoins on the top 100 than those shtcoins out there.
On ths usual, coins which are not considered by the majority as on 'top' of this industry, often have a higher rate of increase simply because their market values are predetermined yet.
They are such not only for the reason that their price has not yet been established but also for the reason that the capitalization of such coins is very small. Accordingly, it will be easier to pump such a coin by 1000% than the price of bitcoin by 50%. But the problem of identifying such a coin at an early stage always remains relevant.
I would rather buy top coins rather than coins without any assurance of getting a higher rank in the future. Being on top simply means that they have better potential and could even provide a good profit when the market gets better. We only have to be skeptical in choosing and avoiding hyped trash coins. As we could see, the most active and well-established coins are on top.
On ths usual, coins which are not considered by the majority as on 'top' of this industry, often has a higher rate of increase simply because their market values are predetermined yet.
They are such not only for the reason that their price has not yet been established, but also for the reason that the capitalization of such coins is very small. Accordingly, it will be easier to pump such a coin by 1000% than the price of bitcoin by 50%. But the problem of identifying such a coin at an early stage always remains relevant.
It would have been better if the advice is to never buy altcoins at all, that is just it. If you do not buy the altcoins at the top if using market capitalization for it, buying those with lower marketcap, there is still possibility that the coin may be shit coin. What I know is that some coins took over the top ones except for bitcoin and ether, but the coins still increased in price.
This instance only occurs on newly released tokens in the market wherein it is a phase determining which coins would be trashed afterwards. Actually I'm quite confused; top coins are dead coins? Top coins won't be on that position if they don't have the popularity and capability to do so. Dead coins are those whoch had a hype upon their release of the moment they've been introduced to the market and eventually had demand not as high as with the beginning. Most of the time, the reason is token's utility which are not sudtainable for a long run. And some are just the 'hype' itself from crypro community which just fades without prior notice.Altcoins are of course one after another therefore we must be vigilant and really careful in seeing the potential to invest in the long term. I don't think those who are at the top right now are good to be used as long-term investments to get maximum profit because they are at the top except just to get short-term profits. i am more pleased with the coins being below the top ten but they have the potential to be in the top 10 in the future, it must be very profitable.
Yes, the coins that are currently at the top of the rating will not give you the opportunity to earn 1000% in the short term, but they are more reliable. In this case, for a beginner who does not have sufficient knowledge, it will be safer to buy coins that are on the top lines of the rating.
Altcoins are of course one after another therefore we must be vigilant and really careful in seeing the potential to invest in the long term. I don't think those who are at the top right now are good to be used as long-term investments to get maximum profit because they are at the top except just to get short-term profits. i am more pleased with the coins being below the top ten but they have the potential to be in the top 10 in the future, it must be very profitable.
Yes, the coins that are currently at the top of the rating will not give you the opportunity to earn 1000% in the short term, but they are more reliable. In this case, for a beginner who does not have sufficient knowledge, it will be safer to buy coins that are on the top lines of the rating.
Yes indeed, for beginners who still lack knowledge about this space, it is better to minimize the risk by choosing a coin that has a top ranking, maybe I would recommend it is better to start with just bitcoin.
Perhaps, the idea of buying Bitcoin only is not a great idea for me. Altcoins are also profitable and sometimes even more profitable than Bitcoin. But, it doesn't mean we have to invest in any altcoin without any thorough research otherwise we just fall into scam coins that are already flooded in the market.
What I can say OP is that making a choice of investing that you know was profitable and most of all it has a working product as it gives some ROI assurance.
Honestly, I consider those coins that are on the top 10 to be a greater choice but I haven't chosen them all, why? I'd rather choice 3-5 coins in bulk than buying number of different coins.
Given what's happening in the market, I will prioritize bitcoin, and I won't DCA with altcoins. But I will agree with you if just investing in bitcoin is boring, and I also like altcoins. What I can say OP is that making a choice of investing that you know was profitable and most of all it has a working product as it gives some ROI assurance.
Honestly, I consider those coins that are on the top 10 to be a greater choice but I haven't chosen them all, why? I'd rather choice 3-5 coins in bulk than buying number of different coins.
Regarding investing in altcoins, I have the opposite opinion of you. First: I don't invest in altcoins during bear season, Second: I don't invest in top 10 altcoins like you, I will only invest in altcoins when bitcoin shows signs of bottoming and begins to accumulate. I will be looking at altcoins emerging in the market, which have the potential to replace the top coins in the next bull season.
But for now, it's okay if the coin that you will invest is BTC. I too like it to be honest because BTC was still the controller of the market and once the demand is shifted again in BTC, then there is a big chance that we will see the bull run in a much earlier time than on what is its designated time which are 2 to 3 years from now. If you think investing in BTC alone is boring then there are still other assets that you can add, not just altcoins or cryptos but we also have stocks, bonds, real estate and many more.
I feel pretty scared about what happened to Luna and FTX, even though I lost nothing with those 2 crashes.
As I said, I still like to invest in altcoins, but investing needs to be at the right time, the bear season is not a good time to invest in altcoins, and the top 10 doesn't guarantee returns either. I want you to recall the top altcoins of 2017, most of which have been replaced by new altcoins. I would stay away from some of the top altcoins and just research potential new altcoins, the risks are the same, but the returns are huge if we choose the right project.
Of course, diversification is a must, I don't put all my assets in bitcoin, I also love forex trading.
It sounds so ridiculous for anyone to invest just because a coin is on the top list on cmc, that's the worst investment decision imo.
Invest in a project base on quality, standards and team, it can be a new or already existing project but it shouldn't be because of the top 100 list, the position is not permanent.
If they choose the coin without analysis, it is not a good decision because we know that the coin on the top of the list will surely be replaced by another coin that can get more support, and the project has more opportunities to develop. But if he chooses a new project, he has to look for more info because he has no idea what will happen to that new project in the future. Perhaps, we can suggest he buy bitcoins instead of altcoins due to the change in coins at the top of the list.Invest in a project base on quality, standards and team, it can be a new or already existing project but it shouldn't be because of the top 100 list, the position is not permanent.
It's really hard to find an altcoin that will last longer and can make it to the top and even though they are in the top 10, they can still fail if they make a mistake like the LUNA. And, it is like you are playing with our knowledge and only predicting which can make us more profit in the future.
Perhaps, if you want to choose an altcoin, try to follow the project's journey so you can see the differences between each altcoin. It can add information to your analysis. But that also can't be a guarantee because we've already seen what happened with LUNA and FTX.
Altcoins are of course one after another therefore we must be vigilant and really careful in seeing the potential to invest in the long term. I don't think those who are at the top right now are good to be used as long-term investments to get maximum profit because they are at the top except just to get short-term profits. i am more pleased with the coins being below the top ten but they have the potential to be in the top 10 in the future, it must be very profitable.
Yes, the coins that are currently at the top of the rating will not give you the opportunity to earn 1000% in the short term, but they are more reliable. In this case, for a beginner who does not have sufficient knowledge, it will be safer to buy coins that are on the top lines of the rating.
The top coins are only meant as a basis for where you should start your research on altcoins imo. It was never a guaranteed option until you've furthered your study in their markets. A lot of altcoins out there are sht, it wouldn't be exaggerated to say 99% of them are, but there are some good ones that pop out every now and then (although some just fall off and never be heard of from again), but nevertheless, they're good investments in that certain period of time.
A choice of altcoins from the top is certainly a good decision. Even though we can say it never gives us assurance, however, if we think about recovery, we can tell that they are possible to have it than those on the bottom. I couldn't agree that 99% are shitcoins, maybe at least 95% sounds realistic. Many projects actually have a good market intention but because of a lack of support and investors, they'll turn down and believe to be scams as the developer left for no chance to uplift their status. 
The top coins are only meant as a basis for where you should start your research on altcoins imo. It was never a guaranteed option until you've furthered your study in their markets. A lot of altcoins out there are sht, it wouldn't be exaggerated to say 99% of them are, but there are some good ones that pop out every now and then (although some just fall off and never be heard of from again), but nevertheless, they're good investments in that certain period of time.
It also helps to be up to date to what's happening so that you can exit when needed, I mean just look at what happened to Luna.
It also helps to be up to date to what's happening so that you can exit when needed, I mean just look at what happened to Luna.
There are always fluctuations in altcoin position on coinmarketcap as you have already presented with charts depicting the same but the main reason behind it is lack of any real use case which they promised and not many people use it or say development in the coins solving problems so they have temporary run and if you can make profits at that time then it's best otherwise you should stay away from them.
Altcoins are of course one after another therefore we must be vigilant and really careful in seeing the potential to invest in the long term. I don't think those who are at the top right now are good to be used as long-term investments to get maximum profit because they are at the top except just to get short-term profits. i am more pleased with the coins being below the top ten but they have the potential to be in the top 10 in the future, it must be very profitable.
Usually it was so that the top altcoins disappeared and new ones appeared in their place. Remember EOS or ZEC, DASH. Now few people remember them, and new coins took their place. So most likely on the next bull market we will have other tops. I would consider new projects for investment, such as Aptos. I think it's a good pretender to become the new Solana. Jump to: