Topic: I have some funds to invest-- How do I make a good decision? (Read 1944 times)
With the many altcoins in existence now even with those coming up everyday, making research on the right coins to invest in, most times seems like a herculean task because some project team can go a long way just to achieve their aim which atimes is satisfying themselves. Irrespective of that, the prominent things to look out for is the idea the team is selling, that is, if the idea is workable or is a Solution to issues whether in the crypto space or in the outside world. Also, an idea can't be workable if the team do not have sufficient experience, thereby knowing about the team is another thing to look into. Other things which contributes in one way or the other is, the community and social media presence.
in my opinion at the beginning it is better to focus on bitcoin and ethereum and on the stable coins to be staked on the various defi sites then slowly as soon as you become familiar with the crypto you can also think of the other altcoins...
I have been involved with crypto for over 5 years and I am still having trouble with making a decision, I can't say that years make it easier, well it does make it a bit easier but the thing that gets easier is to find bad ones. Today I am much better at finding bad coins and staying away from the bad ideas, however that doesn't mean the higher ends are easier.
What happens is, with time if there are 100 coins to pick from with 80 of them being bad and 20 of them being good, you look at all of them, when you are experienced like me you eliminate 50 of them quickly and look at 30 bad and 20 good ones and try to understand which one is which. All I can say is read, read as much as you can about as many things as you can so that you could get better at picking good coins.
What happens is, with time if there are 100 coins to pick from with 80 of them being bad and 20 of them being good, you look at all of them, when you are experienced like me you eliminate 50 of them quickly and look at 30 bad and 20 good ones and try to understand which one is which. All I can say is read, read as much as you can about as many things as you can so that you could get better at picking good coins.
Coming from many people that I have talked with in the past and based on their preferences, I would the safest bet is the best bet. The top 20 cryptocurrencies out there should still be in my opinion the best cryptocurrencies that you need to invest in. Many people want to say they have their favorites and I do to and that's those with active development and very active communities. But if you want the buy low sell high thing and want to earn more, then try day trading, though don't take my word easily since I am not a financial expert. Learn and read and investigate and research, research, and research more. Then you try.
There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.
Please be sincere.
Thanks
Choose between old projects and new projects, know that old projects are less risky because they've show what they are capable of than new projects that might be spreading only hype, also not all new projects are bad, use cases are what makes coins better than the rest, do some diggings on your own Please be sincere.
Thanks
if you have some money I only recommend you to invest in the top 50 coin marketcap with prices that are still under $ 0.1. You can also invest in the top 10 altcoins but that requires more money
for simple investment put it on bitcoin , ethereum or maybe top 10 coinmarketcap. invest on coins that have price below $0,1 actually have same potency to coins above $1 . we look at how much percentages when its price growth. as beginner investors this is most suitable portofolio , we must take lowest risk for first investment. 
if you have some money I only recommend you to invest in the top 50 coin marketcap with prices that are still under $ 0.1. You can also invest in the top 10 altcoins but that requires more money
It's lot safer to pick from top 10 ranked coins like Bitcoin, ethereum,Monero and others, if you want to mix few new coins it's good too just make sure they are very popular and have good use case, do research on Tezos and cosmos or Seele
Active development, high social media activity and a strong use case is all that needs to be investigated.
There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.
Please be sincere.
Thanks
Research, deep research is all you need, find reasons why a coin failed and why coins ranked up to top levels, for me its all about the coin use case, if good enough many investors will have interest and the more there is demand the money the price will grow in time Please be sincere.
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First, you have to accept that no matter what will happen don't lose hope because once you invest the risk is there. Crypto price is volatile we cannot say when it will go up and when it will go down. Second, research more about the coins that you are interested in, I will suggest investing in those coins that are in the top 20,50 and 100.. And also follow their social media accounts for the update regarding what is happening.
This is useful guys! Importantly, besides having fun, you should learn the knowledge, master skills, and gain an understanding of the market. Do not invest in the market until you believe you have enough understanding of it. If you invest when you're still unsure, it's more likely for you to lose your capital! Be wise and careful!
It depends on your past knowledge you have about crypto, if you have non I suggest you start learning and put your money aside, it can take you months to learn depending on how good you are and if you can't wait that much Bitcoin is the best option for you , altcoins are more profitable but more risky
First, you have to accept that no matter what will happen don't lose hope because once you invest the risk is there. Crypto price is volatile we cannot say when it will go up and when it will go down. Second, research more about the coins that you are interested in, I will suggest investing in those coins that are in the top 20,50 and 100.. And also follow their social media accounts for the update regarding what is happening.
Initially when someone want to invest and is new then better to stay with the top altcoins only. Once people do make some money and profits form that investment then they can start exploring some other altcoins based on the needs and the risk appetite. Also one should have time horizon and accordingly should invest as its highly volatile market.
determining the plan for investment in the crypto market has considerable complexity. In addition to the analysis of the project, we must also determine the market analysis to determine the time and also the price. This is very difficult, but as a beginner, as you say. choosing a top market asset is the best choice with a risk that I think is quite small. at least they won't become 0. and we can learn how the crypto market moves to make a profit. There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.
Please be sincere.
Thanks
Whatever path you are going to choose always make sure you only invest what you can afford to lose, do deep research if you plan to go for altcoins, make sure their use case are good and don't put all your eggs in one basket Please be sincere.
Thanks
There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.
Please be sincere.
Thanks
There are many options for your investment. But remember when investing makes the determination to use money to make a lot of money. So choose which currency can bring you the most profit to invest. Maybe you choose bitcoin or ethereum or any other currency. But you must have a good understanding of the currency you will choose. Please be sincere.
Thanks
There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.
Please be sincere.
Thanks
It's up to yourself not anyone, be ready to learn more about what makes a project better than others, YouTube can help you on this, also be ready to always take profits, you don't have to make biggest ROI from a single altcoin, if you don't want to take huge risks choose top 5 coins Please be sincere.
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Top alts together with bitcoin are really good for long term holdings, if you are looking for much higher rewards and you wanted to maximized your gains
investing with top 10 alts lessen your time from keep monitoring your assets.
Buy while the price are cheap then keep it while waiting for your target price before selling your assets. Keep in mind that bitcoin will pumped first then it will be followed by known alts with good numbers of supporters.
they are Probably good long term investments and do require less time to check them if they're "alive" (as if it was with most non-top alts)investing with top 10 alts lessen your time from keep monitoring your assets.
Buy while the price are cheap then keep it while waiting for your target price before selling your assets. Keep in mind that bitcoin will pumped first then it will be followed by known alts with good numbers of supporters.
the biggest advice for a newbie - do as much research, make your own decisions, stick to them to get your lesson
There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.
Please be sincere.
Thanks
For long term investment better choose popular coins like Bitcoin, Neo, Ethereum and BNB, they will bring profits easily and also always take profits when these coins add value to price, if you are in for more risks then choose Tezos, Cosmos, Chainlink, Tron, etcPlease be sincere.
Thanks
Top alts together with bitcoin are really good for long term holdings, if you are looking for much higher rewards and you wanted to maximized your gains
investing with top 10 alts lessen your time from keep monitoring your assets.
Buy while the price are cheap then keep it while waiting for your target price before selling your assets. Keep in mind that bitcoin will pumped first then it will be followed by known alts with good numbers of supporters.
At first, choice some coin from CMC and then reseaech about it.What is the growth,what is going on this project and team is working or not??And is there any update about this project?
If you want my opinion then my favourite is Ethereum and Stellar and Algo coin.Because ethereum has the most potential to growth after bitcoin.And Algo coin has grown so much and Stellar is the perfect for long term investment.
But i think you shouldn’t completely follow our decision but you can give a emphasis on which coin we are suggesting then study about this project and invest in it.
If you want my opinion then my favourite is Ethereum and Stellar and Algo coin.Because ethereum has the most potential to growth after bitcoin.And Algo coin has grown so much and Stellar is the perfect for long term investment.
But i think you shouldn’t completely follow our decision but you can give a emphasis on which coin we are suggesting then study about this project and invest in it.
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