Topic: Mainstream coins or altcoins? - page 2. (Read 462 times)

Sometimes there are group of people that pumps the price like a closed groups in Telegram, I haven't joined one but surely there are like social circles that do those kinds of things. It is going to be a pain in the ass though since usually they would share each other's profit in the end like "contribution earnings" so that no one's blamed in the end if their favored coins gone.

I had stopped altcoin trading long time ago just like I mentioned in your quoted part, but I am pretty sure that there are more skilled if not lucky traders that can take advantage of the altcoin's volatile nature.

It's usually the default coin anyway since it's like the safe way to go while they learn. Virtual trading could be the play as well, but the newbie should still learn the emotional discipline that many traders are missing these days.

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.

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.

And that is how it should be, the job of a trader is to literally watch the markets on their own, compete against millions of other people like him and then beat them by obtaining more money than when they began their session, and in order to do that you need to have a very specific kind of personality, and when we also consider that if you happen to have a successful strategy you cannot brag about it or you will have people bothering you all the time to reveal it, then it is natural most traders deep inside prefer to be left to their own devices and not be bothered with other traders.

Here is my answer to the question in your topic title, what kind of trader you are and how much technical and fundamental knowledge you have. I will advise long-term traders in the case of bitcoins and alternative coins or new coins that are meant to invest in those coins, I think you need to have a lot of fundamental and technical knowledge, otherwise there is a possibility of facing losses in this case.
But my suggestion will be that if you have lazy money then invest in Bitcoin for long term because Bitcoin can give you maximum security and with good future profit.

ofcourse major tokens in this industry would promote less risk of losing money and higher tendency of earning profit. These cryptos are having large scale of community which creates demand and trigger price increase in a long run. However, if it is with bigger profit then there are altcoins having high rate of market price increase due to market manipulation and/or bullrun occurs. But altcoins are naturally volatile especially new ones which are having high levels of market price volatility. Therefore, as an investor you should have a preference whether it is high risk and high demand or lower levels of risk but ain’t much of drastic price increase. Shitcoins are a good example; There’ll be times the market prices of meme token are suddenly increasing once it touch the buyer zone or ‘bottom’. Since I am not that good with DCA and market price analysis, I prefer to play my assets safe from sudden price dump and pump.Most of us are indeed lonewolf in this industry; trusting our own hunches and price movement biases. There are people who shares their own “work” but due to differences with capital and risk tolerance, it won’t work that easily. Altcoin trading is still alive but the market in general became more unpredictable, so better choose ones who have better recoveries.

I think most of us are pretty much lone rangers in here, OP like wandering stalkers or investors. I would appreciate connection with you, OP but you gotta give us first on what coin does interest you the most and there might be people around here that had the same interest in coins as you.

Me as one, am only interested in Bitcoin though since that's where my comfort lies now. I encountered way too many losses in altcoins back in 2017 that's why I do not do altcoin tradings and hodlings anymore. The least and best altcoin I could invest anytime would be ETH for obvious reasons.

Well, whatever you mean, the only thing I could say to you is that be careful in choosing coins to invest. The market is flooded already with altcoins and more of them are worthless and scams. But if I were you, I'd rather take Bitcoin and the leading altcoins for some profit assurance. Because if you are looking for a profit, you will also know how to choose coins and are able to determine them from numbers of hyped and shitcoins. Otherwise, you'll end up alone again and in regret.

Take time to discover more in the crypto space and you can find the answer.

What does this mean? Are you just venting to interact with fellow investors or do you really want to ask about the mainstream? Mainstream means something that is mainstream. What this means is that perhaps you are asking about what coins investors usually hold, is that right?

If yes, then this will depend on the investor. However, I am sure, if they are long term holders, they will choose a coin that has had a very good response in the market, has had significant technological developments and projects, and is still running and developing the potential of the coin. The altcoins that they usually take are those that already have a fairly high market cap and are top coins. Maybe these include ETH, BNB, Matic, SOL, XRP, and others. These are altcoins, because Bitcoin is the main crypto investment.

However, there are also those who like to invest in high risk coins, namely new projects that are likely to be hyped so that they can get high returns quickly. but this is very dangerous for newbies who don't really understand the steps.

There is no doubt that Bitcoin is the most mainstream currency in this field and has a vast dominance on the market with a high percentage, but do not forget that there are also promising and mainstream altcoins that have a high market value in exchanges and have adoption on a broad level.

First and foremost, the investment decision is up to you. We only exchange opinions, views, and ideas, not investment advice.

From my point of view, Bitcoin should be an essential investment for any investor, along with a number of top altcoins in the market. Your choice of these altcoins depends not on the ideas and recommendations of the investors you want to connect with but on your comprehensive research of the altcoin project, technical and fundamental analysis, and experience in this field. Diversifying your investments is a good thing instead of putting your entire capital in one mainstream currency, whatever it may be.

What do you mean by mainstream coins or altcoins? There is nothing like mainstream coins in crypto except if you have another personal name is slang that you call it but I don't think there is anything like that or maybe it's a new thing. We have two type of coin by existence, they are bitcoin and altcoins. Bitcoin was the first crypto currency coins that was created and then, any coins that were later created to date step regarded as altcoins and in altcoins, there are coins and tokens. Tokens are crypto built on another chain while coin are those crypto that has their own blockchain like the way bitcoin has its own blockchain.

Furthermore, my little warning about you connecting with people here is that, if you are not careful on the kind of friend to make, you will only be making friends with scammers that will take everything you have. If you have a specific language that is been spoken on the forum, it's better to connect from that boards than a random person you know nothing.

You should check the historical coinmarketcap rank. There have been lots of changes in that rank over the past few years. Luna had better technology, big funding, and a better community, but it still failed when projects like BTC, ETH, LTC, and XRP is still rocking the market. Luna provided a big return to his early investor, and their investor took a big loss after it collapsed.

So it is secure to be with mainsteam coins if you don't want to take any unnecessary risks. But if you want to make insane gains from your investment, you need to find the right altcoin, which is not easy to do.

Investing on mainstream coins gives the assurance of profit and have the track record for the same. With new altcoins into the market it is like a gamble or a way to just try our luck. There are good number of altcoins and new projects that have provided the investors with the best profit than what one can earn out of mainstream coin investment. With new projects the spending should be what one can afford to loss.

When the focus is on memecoins, we should be prepared enough with alternate plans. Only then it is possible to profit good/avoid loses.

This would end up in disaster if we blindly follow what other are doing and if that was the case then users will not lose any money in crypto as people usually tend to follow the trend and still end up losing money. FTX, LUNA, SHIBA INU & Doge are some of the coins which users adapted but still ended up on the wrong side of crypto market hence it's better to go for coins which has better stuff to offer in terms of technologies as such coins tends to be profitable on longer run. But if we are looking for a safe investment then BTC & ETH will be the best option. 

A lot of people bought SHIB and DOGE. Does that mean he will as well follow it? I think that was a wrong strategy. Just because many people have bought it does not mean it is already a good coin. What we need to be successful here is not instincts or luck but it is knowledge.

The OP didn't say that he was once an enthusiast of pump and dump coins but I think he is not only updated with cryptos, and that is why he is asking for a good recommendation here. When he say mainstream coins, I believe he is referring to the fiat or on what we can see in the forex market. They are still useful and you can still make a profit out of them but altcoins has it's own advantages as well. Balancing is only the key here.

There's always a risk behind whatever project you take, but what is important is you know the kind of investment to place your money, if you have a good amount of investment and you are not a fan of always checking the market, taking BNB,ETH and BTC especially might be the best option in terms of support and potential to grow, though market is unpredictable but as long as you are holding and waiting for your target you may earn the profits that you wanted to have.

If you mean established coins or Altcoins, I think it still depends on the type of investments you have either trading or buy and hold. For me if you have huge money to invest go for Bitcoin, Ethereum or BNB. Though not a financial advice but I can see these coins going so far in the future as what they were today. Just always remember that cryptocurrency investment is too risky. Things will go against you in just a second so beware make sure you have the financial education or DYOR before jumping into something you are not familiar with.

What do you mean by Mainstream coins? it is a coin? I Don't find any coin with this name. Altcoins always huge profitable in short time but also huge risky. Altcoin prices go up and down quickly and if you hold an altcoin long term, the losses outweigh the gains. So short term hold or day trading has to be done here.  It is possible to make good profit from altcoins through day trading but it requires previous trading experience and proper understanding of market analysis.

I assume by mainstream coin you mean Bitcoin, however, you should have specified your question in the starting post as well because titles can be confusing sometimes. Anyway, I don't really need to make a choice between the two since I can always have both. Bitcoin will be the first choice, without a doubt, but altcoins will also get their place in my bag because I believe in diversification and there are also some altcoins that I like and that are trusted.

Ethereum is my second choice after Bitcoin when it comes to long-term investments because I believe it is the most trustable altcoin in the market, it has been around longer than every other altcoin and it has never faced any problems such as extreme crashes or anything, so that makes it a good coin.

whether you should invest in mainstream coins or altcoins depends on your investment strategy. Mainstream coins like Bitcoin and Ethereum are often considered safer, more stable investments, while altcoins offer the potential for higher returns but come with greater risk.