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Topic: Don't buy altcoins because they are top altcoins - page 6. (Read 1325 times)

hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
Top altcoins are at the top consistently because they offer some value in them. And because they are already established, their price aren't that wobbly and moving all the time so the opportunities to make money on them short-term is already not there. You will have to invest on riskier altcoins that are relatively unknown or way behind the top list and hope for the best. In my experience, those alts that aren't at the top are usually the moneymakers for a certain time frame, and after that is over it's great to keep your funds at the top altcoins for the meantime and get some trickle of % per day—of course you'll only do this when that top alt is in the green.
The wobbly price may not be true at all times as we have seen from the past 1 year, because it could potentially be wobbly when the market is not doing well, but aside from that I have to say that it is clear the market is a lot better for the top names, much better than the ones we have at the bottom.

There are some low level ones that could give people a higher return but the reality is that we are not going to make a lot of money taking those risks consistently. We could do it once or twice time to time when we have money to spare, such as bull periods when we make a lot of profit, but it is not a sustainable way to make a profit.
hero member
Activity: 2912
Merit: 629
If you buy altcoins, please don't buy them because they're top coins.
Indeed. Don't buy alts just because they're on top, it's not only a basis if this particular coin is worth to invest in.

Learned from what happened to alts that used to be on top but now turned to shitcoins. If the hype fades there's a tendency for it to collapse especially if the Dev doesn't have concern to its investors.

So look for a coin with real use case and has potential, dig deeper and be extra careful.
sr. member
Activity: 2310
Merit: 366
Ethereum has always been at the top. And it has somehow established its role in the crypto ecosystem. I guess it is becoming more and more solid over time especially with the series of upgrades that have already implemented and those that have yet to be implemented. Ripple has also managed to stay there despite hardships especially against regulatory bodies. But this doesn't mean the ones at the top are safe. The rest of the coins at the top have been coming and going.

Until now, when it comes to altcoins, I only believe in ethereum. But if you notice, there was a time when XRP was above ETH, but then ETH overtook and dethroned XRP as the altcoin queen, and with the development of new altcoins, I believe XRP will soon lose its place in the top 10.
As for other top coins, I would favor BNB a bit more, the rest, I believe will all be replaced by better new altcoins soon. Top coins are not as good as we think, to invest in altcoins, we need to research and analyze carefully, even if it is top coins or new.

There are solid altcoins out there like, as you mentioned, Ethereum. There is of course Monero as well. There is also Litecoin. These are the altcoins that were there early, before the influx of shitcoins started. Ripple is also still holding strong despite the big legal challenges in the US. I was expecting it to fall outside the top 10, but it is still there. I am not a fan of BNB because its existence is closely tied with the Binance exchange. If Binance exchange would fall, it would also fall.
sr. member
Activity: 1960
Merit: 273
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indeed there are only handful of these coins that could retain their overall worth for long, most of the coins are already losing fame after few years into the future and I think after they reached their ath they never make a comeback, there are many coins that was former high ranked coins become somewhat lackluster of innovation, they just didn't bring any revolutionary innovation and therefore gotten forgotten by many quite easily.
especially if it is a coin from a new project. they just take advantage of the hype when listing on the market, break the ATH and then go down and there is no movement.
some top market projects, there may be less risk. but still, altcoins will be better in the short term. take advantage when you have the chance. avoid holding altcoins for very long periods.
hero member
Activity: 2492
Merit: 582
Leading Crypto Sports Betting & Casino Platform
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.

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.
Maybe you had a trauma about what happened with Luna, FTT and other altcoins. And that is why you are skipping them but that was only for now right? Maybe there was still a chance for your heart to get warm on them.

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.
hero member
Activity: 2268
Merit: 507
indeed there are only handful of these coins that could retain their overall worth for long, most of the coins are already losing fame after few years into the future and I think after they reached their ath they never make a comeback, there are many coins that was former high ranked coins become somewhat lackluster of innovation, they just didn't bring any revolutionary innovation and therefore gotten forgotten by many quite easily.
legendary
Activity: 1680
Merit: 1343
Yes, investing in top altcoins makes our investments safer, but we must bear in mind what happened to the Luna coin, as it was among the top altcoins at some point in time. We have to learn from the mistakes of others, learn various analyses, diversify strategies, and diversify our wallet of top altcoins. We must adapt to changes, no matter how harsh the market conditions are, manage risks, and control feelings of greed, FUD, and fear, as they are among the factors that will help us get good profits from these investments in the long term. I see the most profitable opportunity other than investing in top altcoins, which has more risks, is investing in new altcoins and meme coins, so sniping these new altcoins needs an expert who performs his analysis to choose the good coins and the right time to buy and sell, but beginners I never advise them with new altcoins.
sr. member
Activity: 1750
Merit: 260
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I couldn't agree more. Being able to predict which coin will be rising to the top, it might require us to do extensive researching and knowledge about how to spot a good project. However, even though some are known to be a good project, they still aren't receiving that much of investments. On the other hand, lots of projects that was made to create money for their team makes it but then would crumble afterwards.
hero member
Activity: 868
Merit: 1094
It's true that only Ethereum and BNB are very good to invest in. Apart from that, I don't dare to guarantee that it will make us profit from investing in altcoins, because there are thousands of choices and of course we will be confused to choose the best, of all altcoins that are on several exchanges, not to mention altcoins that have no price, of course that will make you confused..
I have 70% of my investment on bitcoin when talking about cryptocurrencies, the remaining 30% are on altcoins. Not only ethereum and binance coin are only the good altcoins, there are few that I like, few of them are qtum, dash, digibyte and many like that that will grow like ethereum and other centralized coins that you mentioned.
hero member
Activity: 1988
Merit: 501
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Top coins changes since 2013 to 2022

Coinmarketcap Cryptocurrency Historical Data Snapshot

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.

If you buy altcoins, please don't buy them because they're top coins.

Since 2013, only Bitcoin, Litecoin and Ripple are there till 2022.
Since 2016, Ethereum is always there.
Since 2018, Binance BNB is always there.

Binance looks good with BNB and BUSD. Binance BNB ranked 16th in 2018 and Binance USD ranked at a same position in 2021. Now BNB is at 4th and BUSD is at 6th.
The main point here is don't just buy it learn to dig information first.
Not all of those top listed coin would last forever you should learn when to enter and when to exit.
There are so many crypto out there and most of them would be worthless but some of those could also give you profit if you could ride it perfectly.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
Ether currently holds the top spot among altcoins and BNB recognize the second one. Not all altcoins can survive in the market. Here Ether and BNB are the most powerful than others. Many smart contracts use the platform and have been able to bring them to a relatively good position. However, recently many people lose faith in good altcoins after seeing the position of FTT. As of lately the CEO of Paxful said he will delist Ether. As a result, investors in the market are very confused about which should to accept or discard.
sr. member
Activity: 1274
Merit: 264
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.

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.
hero member
Activity: 2912
Merit: 556
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.
jr. member
Activity: 133
Merit: 5
I don't really understand why XRP is still one of the top coins. It had one major pump and hasn't done anything after that. Youtubers still promoting it and saying that it will melt faces, and somehow some people still believe it.
sr. member
Activity: 1372
Merit: 275
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.  
Actually it's not wrong to buy the altcoins cmc top list, because actually most of these altcoins have reliable project teams, clear roadmaps and also pretty good quality, I think coinmarketcap has done a lot of research before actually including these coins on their list have especially altcoins that are in the top ranking, whether or not we are bad at investing is only based on our ability to choose the time and also make decisions when entering the market, I have never thought that choosing the top altcoins is a ridiculous thing especially since we know altcoins like BnB , Eth, Usd, Usdt and others are the altcoins that have the biggest fans.
full member
Activity: 585
Merit: 100
Binance #SWGT and CERTIK Audited
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.
sr. member
Activity: 1148
Merit: 270
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Ethereum has always been at the top. And it has somehow established its role in the crypto ecosystem. I guess it is becoming more and more solid over time especially with the series of upgrades that have already implemented and those that have yet to be implemented. Ripple has also managed to stay there despite hardships especially against regulatory bodies. But this doesn't mean the ones at the top are safe. The rest of the coins at the top have been coming and going.

It's true that only Ethereum and BNB are very good to invest in. Apart from that, I don't dare to guarantee that it will make us profit from investing in altcoins, because there are thousands of choices and of course we will be confused to choose the best, of all altcoins that are on several exchanges, not to mention altcoins that have no price, of course that will make you confused..
hero member
Activity: 2562
Merit: 577
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. 
hero member
Activity: 1904
Merit: 544
We are all the pieces of what we remember.
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.

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.
hero member
Activity: 2184
Merit: 585
You own the pen
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.

That is the safest investment plan you can have in this industry because of how brutal they can be if they won't recover after this bearish market. Some of those top altcoins didn't recover after the mega bull run last time. now that they are collapsing and some are truly crashing, you cannot assure if they even have the opportunity to bounce back again once the price of bitcoins recovered. others have considered not buying anything from altcoins because of the huge investment they have in bitcoins and trust in it. only bitcoins have stayed at the top since it was created and they will be the only one to remain until the next 10 years from now.
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