Nowadays, it is difficult to choose promising coins at a good price. This is because many coins have shown 100-500% growth in recent months. I think it's best to buy Bitcoin or Ethereum for now.
You mean promising coins are not available for cheaper? But then they are having potential to grow further I guess the current market prices are not a constraint to buy and hold them. I'm not saying most altcoins are growing up to 500% in recent times but few coins like ada and chinlinks are outstanding with their performances in recent times.
Yes, it is always good to buy bitcoin and few other highly known altcoins regardless of where they are trading right now.
Most especially is the habit of investing with caution as poster as poster said above. Make due and diligence research before investing in any project and also invest what you can afford to lose.
OP is trying to convey the same
. By caution, they are referring the procedure of due diligence.
It is not easier for anyone to identify highly potential altcoins to invest right now. At the same time, this must be very good time to get into crypto space because we are at the verge of beginning of another massive bull run. After the recent bitcoin halving, we are all expecting this crypto space to get into bullish trend but ongoing pandemic is blocking that probably. If there is no worldwide economic slowdown happening then we might be getting lots of new investors by this time who are the main reason for moving this crypto space positively.