Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.
Will you talk to me
Topic: Mainstream coins or altcoins? (Read 462 times)
Choosing the best coin like Bitcoin is preferred if you are a long-term holder. But if you are aiming for the short term, we can take the opportunity to make a profit from the price fluctuations and hype that these meme coins do. It is important to know and get familiar with the market situation as it corresponds to opportunity as well. That is why I don't just accumulate BTC alone as I also buy a few altcoins because, in this way, I could generate more profit. But I would say that it all depends on our risk appetite, some can't take more so they will just focus on BTC alone.
It's important to know all the risk behind, not just the intention to earn but more on how you can maximize the full potential of the asset that you will going to acquire, if you are also capable to explore with short-term investment aside from BTC and those solid projects that you study, there are also meme projects which can provide in a short investment process, though the outcome can be quicker but there's always a big risk in it.
Top coins that follows Bitcoin market movement most of the time provide decent profits, not that much compared with a new coin that really create big pump but better enough than risking with an unknown team which most of the time can create short pump then the project die after, I also agree on that part where timing is important, while value still low and you have a good amount of spare money, buying portion by portion of your chosen asset may increase the chance of making money once the market start to pump the value of the coin / project that you select.
Yes. That's right, crypto assets do have fluctuating price movements that can change very quickly, making them a target for traders and their price movements are very much influenced by supply-demand conditions. So, if OP want to have quantity, choose Altcoin ar meme, but if you talk about quality, choose BTC and that is very mainstream because of its fundamental aspects.
Mainstream coins or altcoins. I mean it's bitcoin and then everything else is altcoins so I think you need to figure out what you are asking first. But if you are talking large cap vs small cap coins it all depends on your goal and appetite for risk. There is not one size fits all answer here.
It's up to your risk tolerance and how much money you have to invest. I'm poor so I go for newly launched projects only... Shardeum, Lamina1, Layer0, Q Blockchain, Zeta, QUAI, Mantle, Monad, Scroll, Taiko etc. Lower cap means higher potential returns. I need a moonshot!It's a different thing if you first evaluate the project and then check and see it has a low market capital and you think that it might go up because the project is good, but just because a token has a low market cap it doesn't mean it is going to get significant success in the future and a lot of people think that way.
You mean coins that "are well known and used by everyone" or random altcoins? Of course if you are going to invest, go for coins that are well known and has been in the market for years. Best example is Bitcoin. Another example of your "mainstream" altcoin would be Ethereum. Investing in these two coins means you will very unlikely be losing money unexpectedly in the long run. These are the coins that has the minimum risk of holding when compared to other random altcoins. Never go for coins that promises you 1000x returns in few days. Think twice before investing in any "meme coins". And if you are going to invest in another altcoin, do your own research and see what is something new they can offer to the current crypto market.
I'm confused about Mainstream coins, are they coins that are often mentioned by name like ethereum, bnb, or something else? or coins that are currently hyped?
However, you should know that, apart from Bitcoin, other coins are generally referred to as altcoins. So, chances are your question leads to a comparison of two similar things. However, if you want to know which coins are currently good enough to be an investment, and most people choose these coins as an investment other than bitcoin, then you can go to the coinmarketcap site and start looking at coins with high positions. You can start your research from there. Personally, I prefer ethereum and bnb in altcoins, and I focus on accumulating those if I want to invest in the long term.
However, you should know that, apart from Bitcoin, other coins are generally referred to as altcoins. So, chances are your question leads to a comparison of two similar things. However, if you want to know which coins are currently good enough to be an investment, and most people choose these coins as an investment other than bitcoin, then you can go to the coinmarketcap site and start looking at coins with high positions. You can start your research from there. Personally, I prefer ethereum and bnb in altcoins, and I focus on accumulating those if I want to invest in the long term.
Mainstream coins or altcoins. I mean it's bitcoin and then everything else is altcoins so I think you need to figure out what you are asking first. But if you are talking large cap vs small cap coins it all depends on your goal and appetite for risk. There is not one size fits all answer here.
Yeah bitcoin is the only coin that needs to be bought. Not sure what OP meant by mainstream coin but both popularly known newly launched coins, memecoins and shitcoins are not worth the time nor money. Bitcoin is mainstream enough in my opinion, heck it is the only one that is globally recognised as a notorious new currency.Large cap always over small cap. You can never get a good long term output from small cap coins with small factions controlling the demand supply and why bother to crack your head over it anyway when you have bitcoin at hand.
Top coins that follows Bitcoin market movement most of the time provide decent profits, not that much compared with a new coin that really create big pump but better enough than risking with an unknown team which most of the time can create short pump then the project die after, I also agree on that part where timing is important, while value still low and you have a good amount of spare money, buying portion by portion of your chosen asset may increase the chance of making money once the market start to pump the value of the coin / project that you select.
Yes. That's right, crypto assets do have fluctuating price movements that can change very quickly, making them a target for traders and their price movements are very much influenced by supply-demand conditions. So, if OP want to have quantity, choose Altcoin ar meme, but if you talk about quality, choose BTC and that is very mainstream because of its fundamental aspects.
Mainstream coins or altcoins. I mean it's bitcoin and then everything else is altcoins so I think you need to figure out what you are asking first. But if you are talking large cap vs small cap coins it all depends on your goal and appetite for risk. There is not one size fits all answer here.
It's up to your risk tolerance and how much money you have to invest. I'm poor so I go for newly launched projects only... Shardeum, Lamina1, Layer0, Q Blockchain, Zeta, QUAI, Mantle, Monad, Scroll, Taiko etc. Lower cap means higher potential returns. I need a moonshot! Top coins that follows Bitcoin market movement most of the time provide decent profits, not that much compared with a new coin that really create big pump but better enough than risking with an unknown team which most of the time can create short pump then the project die after, I also agree on that part where timing is important, while value still low and you have a good amount of spare money, buying portion by portion of your chosen asset may increase the chance of making money once the market start to pump the value of the coin / project that you select.
Yes. That's right, crypto assets do have fluctuating price movements that can change very quickly, making them a target for traders and their price movements are very much influenced by supply-demand conditions. So, if OP want to have quantity, choose Altcoin ar meme, but if you talk about quality, choose BTC and that is very mainstream because of its fundamental aspects.
Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.
I would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone.For newbies its really better.if they could just buy bitcoin and other top so they can practice there trading skills on this coins and they will not get worried about if they might be scam since this coins are giants in the market. But I may not recommend him to go to telegram since there are so many scammers there. Much better if he stays on trading discussion and altcoin boards since he can learn a lot there.
Better to stay with top assets and continue to study the market, it's not easy since even those coins can be shaken but along the way it will bounce compared with a pump and dump project which most of the time will dump and die after some time. You need to be precise in working on studying the project that you are buying. There are many available coins but only a few will survive, especially when bear season is ongoing. Take time and not to rush yourself in placing your investment.
there's always a good timing, just slow yourself and continue analysing the market and once you are already convinced that you are good to go, then invest the amount that you are willing to risk.
When we are in situation that there's high chance to gain its better to select those coins which have high chance to gain so its better to select those top coins rather than those altcoins which we don't know if there devs will do some good hyping methods to create noise while bull run is happening since its important to see which coin will get a hype when good events slowly occurring.
There's really a good timing on everything so we make sure not to mess around so that we will not missed any possibly chances to gain especially last bull run where many people missed the opportunity to gain since they are easily afraid for possible downfall that unexpectedly happen.
Top coins that follows Bitcoin market movement most of the time provide decent profits, not that much compared with a new coin that really create big pump but better enough than risking with an unknown team which most of the time can create short pump then the project die after, I also agree on that part where timing is important, while value still low and you have a good amount of spare money, buying portion by portion of your chosen asset may increase the chance of making money once the market start to pump the value of the coin / project that you select.
Mainstream coins or altcoins. I mean it's bitcoin and then everything else is altcoins so I think you need to figure out what you are asking first. But if you are talking large cap vs small cap coins it all depends on your goal and appetite for risk. There is not one size fits all answer here.
There is a high risk when investing in crypto, basically we have to do everything possible including when there is a long bearish entry, no coin is able to recover quickly unless we ourselves can survive it until the market is completely normal or bullish.
That is a good choice on bitcoin, I will not rule out other altcoins such as ETH which has the same potential and the usefulness of its widely used ecosystem, there are actually other choices and options and for any guarantee we should not expect more except as a true holder.
And that risk is often ignored by traders thinking their skill is enough to overcome it, not understanding that instead they should use their skill and knowledge to avoid those risks to begin with, as the majority of altcoins out there are not worth holding for any length of time and you should always be ready to sell them as soon as it may seem a huge dump is coming, a recent example of this is PEPE, which was promoted as this amazing meme coin but in fact it was just a shitcoin, and now anyone that invested at the peak will probably never recover their money. That is a good choice on bitcoin, I will not rule out other altcoins such as ETH which has the same potential and the usefulness of its widely used ecosystem, there are actually other choices and options and for any guarantee we should not expect more except as a true holder.
Investing on mainstream coins gives the assurance of profit and have the track record for the same.
Mind you that there is no investment whatsoever with an assurance/guarantee of profit, quite rightly some investments are more risky that the other ones, for example, Bitcoin has an actual utility, so its risk is quite lesser than when one is gambling with altcoins, but it still doesn't mean there is an assurance on any of them, because you can lose your Bitcoins or sell at a loss because of real life financial problems.That is a good choice on bitcoin, I will not rule out other altcoins such as ETH which has the same potential and the usefulness of its widely used ecosystem, there are actually other choices and options and for any guarantee we should not expect more except as a true holder.
For newbies its really better.if they could just buy bitcoin and other top so they can practice there trading skills on this coins and they will not get worried about if they might be scam since this coins are giants in the market. But I may not recommend him to go to telegram since there are so many scammers there. Much better if he stays on trading discussion and altcoin boards since he can learn a lot there.
What you suggest to start buying bitcoin and top altcoins is good advice and is also used to practice trading skills. This will be quite better and safer than following an unclear shitcoin project and of course there will be more risk of losing it. One of the dangerous places for beginners is Telegram because many scammers target new users to carry out fraudulent acts by offering projects that are profitable by up to thousands of percent and several other fraudulent methods. You should be alert when you get private messages from anyone you don't know. 
Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.
I would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone.For newbies its really better.if they could just buy bitcoin and other top so they can practice there trading skills on this coins and they will not get worried about if they might be scam since this coins are giants in the market. But I may not recommend him to go to telegram since there are so many scammers there. Much better if he stays on trading discussion and altcoin boards since he can learn a lot there.
Better to stay with top assets and continue to study the market, it's not easy since even those coins can be shaken but along the way it will bounce compared with a pump and dump project which most of the time will dump and die after some time. You need to be precise in working on studying the project that you are buying. There are many available coins but only a few will survive, especially when bear season is ongoing. Take time and not to rush yourself in placing your investment.
there's always a good timing, just slow yourself and continue analysing the market and once you are already convinced that you are good to go, then invest the amount that you are willing to risk.
When we are in situation that there's high chance to gain its better to select those coins which have high chance to gain so its better to select those top coins rather than those altcoins which we don't know if there devs will do some good hyping methods to create noise while bull run is happening since its important to see which coin will get a hype when good events slowly occurring.
There's really a good timing on everything so we make sure not to mess around so that we will not missed any possibly chances to gain especially last bull run where many people missed the opportunity to gain since they are easily afraid for possible downfall that unexpectedly happen.
In fact, there are those who follow only BTC and there are those who keep only alts in their portfolio. But in fact you can combine them, in principle btc is better to use for long term investments, for example for retirement, and alts allow you to earn large sums of money faster, but at the same time the risks are higher, but for this you need to do your research and look for the coin that will bring you money consistently, that's how I was lucky with TFS token, I still earn on it, you can find another token, it all depends on you.
Investing on mainstream coins gives the assurance of profit and have the track record for the same.
Mind you that there is no investment whatsoever with an assurance/guarantee of profit, quite rightly some investments are more risky that the other ones, for example, Bitcoin has an actual utility, so its risk is quite lesser than when one is gambling with altcoins, but it still doesn't mean there is an assurance on any of them, because you can lose your Bitcoins or sell at a loss because of real life financial problems.
Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.
I would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone.Buying the biggest name coins opens the door for a lot, and it is great way to make a profit as well, bitcoin for example is still ranked first even after so many other stuff that has better blockchains came up, why? Because it is by far the best decentralized coin out there no matter what others do.
Yeah right especially if we are anticipating a bull run brought up by halving or any season that can give good market price to majority of crypto's. This two coin is for sure the first one to pump unlike other alts especially random altcoins in the market where we think we just gamble our money then hope for it to pump. So if we want to hodl on great seasons top coins is the most ideal compare to meme coin or other hype coin since they don't prove anything yet.
Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.
I would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone.For newbies its really better.if they could just buy bitcoin and other top so they can practice there trading skills on this coins and they will not get worried about if they might be scam since this coins are giants in the market. But I may not recommend him to go to telegram since there are so many scammers there. Much better if he stays on trading discussion and altcoin boards since he can learn a lot there.
Better to stay with top assets and continue to study the market, it's not easy since even those coins can be shaken but along the way it will bounce compared with a pump and dump project which most of the time will dump and die after some time. You need to be precise in working on studying the project that you are buying. There are many available coins but only a few will survive, especially when bear season is ongoing. Take time and not to rush yourself in placing your investment.
there's always a good timing, just slow yourself and continue analysing the market and once you are already convinced that you are good to go, then invest the amount that you are willing to risk.
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