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Topic: Mainstream coins or altcoins? - page 3. (Read 462 times)

legendary
Activity: 3248
Merit: 1130
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September 16, 2023, 07:52:40 AM
#31
I don't know what you mean by mainstream coins because that kind of word had not been used here before until now. I wish you could explain what is the meaning of that in your second post but I didn't see anything too.
If you mean the coins that are on trend then please avoid them if you are thinking about long-term investment. Short-term they could be profitable but you have to be a good trader if you want to take advantage of them and you know the timing of when to sell because most of them are dying coins.
Go altcoins if you want an asset and I prefer the projects that are on top namely Ethereum, BNB, and more. These type of coins can keep their value for the long run and maybe even better when they are pumped.
hero member
Activity: 2576
Merit: 666
I don't take loans, ask for sig if I ever do.
September 16, 2023, 06:47:44 AM
#30
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.
Up to you? I mean you're an investor, you don't need other investors' opinions as to what you want to buy. If you wanted to join the mainstream, then there's the word already, I think you can find mainstream coins yourself (they're pretty obvious as well in one lookup really). I usually just go for mainstream coins though, I rarely try the risks of new coins due to a lot of them being a scam or just a throw away project after a few weeks-months of release.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
September 15, 2023, 06:28:43 PM
#29
You are comparing Nike shoes with some non-branded shoes. They may be similar in nature and type of goods, but they are not the same. When one provides secure and big support from the community, another lacks both. There are altcoins that have real value in the market, and their contribution is noticeable. This number is very small; most of them are just money-grabbing honeypots.

you can only count valuable alts in the market, and usually, you can find it in the top 20 alts. do some research about their background and you will understand why such performance in the market. also, you will have an idea if they will survive long or if the dev team behind it is doing something to improve their services to their community.
for now, it is better to consider the top alts or at least with btc in your portfolio. with the top currency, you have the confidence that it won't disappear overnight. but the chance of increasing its value is high because of halving, adoption and others.
hero member
Activity: 1190
Merit: 516
September 15, 2023, 03:46:58 PM
#28
You are comparing Nike shoes with some non-branded shoes. They may be similar in nature and type of goods, but they are not the same. When one provides secure and big support from the community, another lacks both. There are altcoins that have real value in the market, and their contribution is noticeable. This number is very small; most of them are just money-grabbing honeypots.
sr. member
Activity: 1540
Merit: 264
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September 15, 2023, 02:52:23 PM
#27
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.
Your statement is not clear to me. Do you mean BTC, ETH, BNB by Mainstream coins? If that is the case then I will definitely support Mainstream coins. Because other altcoins have less reliability like LUNA.
legendary
Activity: 2982
Merit: 1149
Leading Crypto Sports Betting & Casino Platform
September 15, 2023, 01:55:58 PM
#26
Altcoins is a wide spectrum of things from garbage to somewhat interesting tech. So no one can really say that you should invest to altcoins without naming what altcoins you should invest into. As even the top marketcap coins in there vary a lot in quality. Some of them will totally die off and there will come new one replacing most of them.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
September 15, 2023, 12:59:56 PM
#25
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.
With this,  I don't think you have make any statement yet and since you haven't started what you mean by mean stream coins because a lot of us are already have a misconception of the fact of what you want.

To me when you say mainstream,  what you mean is coins that are in the Bitcoin category and if that is what you meant then you may have to state it again so that we can make appropriate comments on the topic.
legendary
Activity: 2058
Merit: 1270
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September 15, 2023, 12:51:58 PM
#24
I don't know what you're referring to as mainstream coins, but if you meant Bitcoin or altcoins, then it is definitely Bitcoin for me, it has an actual utility and it isn't going extinct like majority of new altcoins. Having said that, investors who like to gamble with their funds would prolly choose altcoins, though more often than not they have no utility and survive just on hype, but they usually have the potential to pump pretty high and fall back fast as well, that's why i likened it with gambling. Looking for good altcoins is almost impossible, so buy Bitcoin, you're certain it is a good coin and its use cases are pretty obvious.
hero member
Activity: 1316
Merit: 561
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September 15, 2023, 11:50:55 AM
#23
Thank you for your input, and I greatly appreciate your perspective. In the cryptocurrency market, there are indeed two primary classifications: Bitcoin and altcoins. Given Bitcoin's pioneering status, it has always been in the spotlight. However, the emergence of altcoins has added more dynamism to this market.For me, I tend to lean towards investing in some altcoins rather than just Bitcoin. While many altcoin projects end up being abandoned or scams, there are also several altcoin projects that have shown remarkable promise and achieved success. I believe the key lies in carefully researching and analyzing specific projects to understand their future potential and feasibility.Additionally, the risk management aspect you mentioned is crucial. To mitigate investment risks, I also employ a diversified strategy, which means I invest in some altcoins alongside Bitcoin to balance my investment portfolio.Most importantly, I genuinely wish to connect with cryptocurrency investors from around the world and share our insights and experiences. If you have any suggestions or methods that could help me engage and communicate better with this community, I would greatly appreciate it.
 If you are willing to share some insights on how to connect with other cryptocurrency investors, it would be highly valuable. I look forward to building relationships with like-minded individuals and pursuing success together in the world of digital currencies!
But questions from newbies about this market seem to abound, like what's the best? what's the worst? Which one should buy?....

I think the main problem lies in the most basic concepts, and you can completely research the history of market development yourself through modern projects present in the top10.

And I also want to generalize a bit about the components inside this market, mostly Bitcoin and Altcoin (also stablecoin).

Still want to remind about the starting journey even if you don't understand what it is but If you have heard about it, I still recommend focusing your research on bitcoin and then moving on to other opportunities from altcoins, this market has strong fluctuations, it is both an opportunity and a risk, be ready to accompany that change.
It feels like entering a candy shop for the first time. You carefully consider which delectable treat to buy with your hard-earned money. Knowing nothing about crypto might be scary, especially when others ask "Whats the best?" or "Which one should I buy?" Start with Bitcoin. Why? It is the first and oldest. Before exploring Altcoins, learn about Bitcoin. Discover its purpose, benefits, and intriguing history. Altcoins have potential but also risk. You were right - the crypto market is a balance of risk and chance. Be flexible and ready to turn as the everything changes swiftly.
sr. member
Activity: 882
Merit: 326
September 15, 2023, 09:24:38 AM
#22
Mainstream altcoins such as eth, bnb, ltc, sol or the top 50 coinmarketcap are good for investment. Why, because besides the top mainstream altcoin, it also has a solid community, experience, roadmap and what's more, the altcoin project has been running for approximately 3 years or more, which means it has a small level of risk because it has been able to face critical bearish periods before.

Always DYOR before you get in.
sr. member
Activity: 1666
Merit: 292
Eloncoin.org - Mars, here we come!
September 14, 2023, 11:35:14 PM
#21
Thank you for your input, and I greatly appreciate your perspective. In the cryptocurrency market, there are indeed two primary classifications: Bitcoin and altcoins. Given Bitcoin's pioneering status, it has always been in the spotlight. However, the emergence of altcoins has added more dynamism to this market.For me, I tend to lean towards investing in some altcoins rather than just Bitcoin. While many altcoin projects end up being abandoned or scams, there are also several altcoin projects that have shown remarkable promise and achieved success. I believe the key lies in carefully researching and analyzing specific projects to understand their future potential and feasibility.Additionally, the risk management aspect you mentioned is crucial. To mitigate investment risks, I also employ a diversified strategy, which means I invest in some altcoins alongside Bitcoin to balance my investment portfolio.Most importantly, I genuinely wish to connect with cryptocurrency investors from around the world and share our insights and experiences. If you have any suggestions or methods that could help me engage and communicate better with this community, I would greatly appreciate it.
 If you are willing to share some insights on how to connect with other cryptocurrency investors, it would be highly valuable. I look forward to building relationships with like-minded individuals and pursuing success together in the world of digital currencies!
But questions from newbies about this market seem to abound, like what's the best? what's the worst? Which one should buy?....

I think the main problem lies in the most basic concepts, and you can completely research the history of market development yourself through modern projects present in the top10.

And I also want to generalize a bit about the components inside this market, mostly Bitcoin and Altcoin (also stablecoin).

Still want to remind about the starting journey even if you don't understand what it is but If you have heard about it, I still recommend focusing your research on bitcoin and then moving on to other opportunities from altcoins, this market has strong fluctuations, it is both an opportunity and a risk, be ready to accompany that change.
legendary
Activity: 1526
Merit: 1032
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September 14, 2023, 11:13:51 PM
#20
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.
Just buy coins that many people have bought it. Don't isolate yourself by buying altcoins that don't have prospects. Just buy coins that are certain to profit even a few, rather than expecting big profits but full of uncertainty or tend to lose. I've been in your position where bought altcoins that don't have fundamentals but expected the price to increase many times over, where in reality, the prices fell like a waterfall on next month.
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
September 14, 2023, 09:37:53 PM
#19
Mainstream means the top coins, right? If that is so, the first choice that you should have is Bitcoin. I've learned my lesson the pretty hard way and that's what you need to set on your mind before you proceed with any other altcoins. And if it's just the typical altcoins that you're thinking of, you go ahead and check them first. Always apply the DYOR, if you need a buddy or two, be active in the forum and discuss just like what you've started from this thread. Don't also be too gullible when someone tells you that you'll earn tremendous times from investing into a certain altcoin.
hero member
Activity: 2520
Merit: 952
September 14, 2023, 09:15:56 PM
#18
I like altcoins for returns but I like 'mainstream' as BTC/ETH to secure my returns, depends on market condition, can choose stables too. Investing in alts is high risk, high reward kinda thing.

Usually people here advise to stay away from investing in alts, but if you have risk preference, a good call in alt can give you significant returns which is not possible with prominent coins, also it can recover the cost of other wrong calls you may have made.

DYOR to increase your chances and don't go all in.
full member
Activity: 392
Merit: 130
PredX - AI-Powered Prediction Market
September 14, 2023, 09:04:39 PM
#17
Thank you for your input, and I greatly appreciate your perspective. In the cryptocurrency market, there are indeed two primary classifications: Bitcoin and altcoins. Given Bitcoin's pioneering status, it has always been in the spotlight. However, the emergence of altcoins has added more dynamism to this market.For me, I tend to lean towards investing in some altcoins rather than just Bitcoin. While many altcoin projects end up being abandoned or scams, there are also several altcoin projects that have shown remarkable promise and achieved success. I believe the key lies in carefully researching and analyzing specific projects to understand their future potential and feasibility.Additionally, the risk management aspect you mentioned is crucial. To mitigate investment risks, I also employ a diversified strategy, which means I invest in some altcoins alongside Bitcoin to balance my investment portfolio.Most importantly, I genuinely wish to connect with cryptocurrency investors from around the world and share our insights and experiences. If you have any suggestions or methods that could help me engage and communicate better with this community, I would greatly appreciate it.
 If you are willing to share some insights on how to connect with other cryptocurrency investors, it would be highly valuable. I look forward to building relationships with like-minded individuals and pursuing success together in the world of digital currencies!

I see that your interest is very high in finding investors, whether you want to create a project or just want to be connected. and from your point of view, you prefer Altcoins (dominant) to BTC which is very familiar to investors big and small. For your method, you have set a good diversification strategy for your investment portfolio, I think it is good.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
September 14, 2023, 08:54:17 PM
#16
I think you meant bitcoin and altcoin perhaps? because the other coins that isn't bitcoin is quite literally altcoins.
but in this regard i'd prefer to just distribute my investment across various coins just in case.
many actually thinks that bitcoin is best when it comes to long term investment and thats true because bitcoin has shown the growth over the course of decade until reaching its latest all time high.
while the short term investment is good with altcoins, so you should choose yourself what you really need in this case.
legendary
Activity: 2884
Merit: 1258
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September 14, 2023, 06:29:09 PM
#15
I always choose cryptocurrencies with more fundamentals in it.  I do not care if it's a mainstream coin or an altcoin as long as the fundamental of the project is strong.  This means that the cryptocurrency will continue to exist, and will have a promising growth over time. After all, the life of a project is dependent on how strong its fundamentals.

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.

There are only two classifications: either Bitcoin or altcoins, as any coin created after Bitcoin is considered an alternative coin. So, I think your question goes like that. Well, I would choose both. Don't limit your investment to just one, as this market is not for Bitcoin only. The reason why this market has grown is because of plenty of altcoins that were created. While most of them turn out to be abandoned projects or scams, there are altcoins that still exist and are already successful. So, it's just a matter of studying a certain project to see its potential in the future. Also, if you want to minimize the risk in investing, you need to diversify your funds, which means you should invest in altcoins alongside Bitcoin.

Or if you still don't get it, Don't invest or don't put money on something you don't know. Not because you've gone through the website, read their Ann thread, heard about the proect online from a random video on YouTube does mean you've already done your research. Truly do your research by asking yourself is it worth taking the risk and putting off my money out there? All or almost all altcoins does 10x or more easiliy because it has small caps thus very volatile to have price fluctuation.

I agree, that when it comes to investment, we must do deep research on the project we are interested in investing in.  Blindly picking a project to invest in will more likely end up in losses.
legendary
Activity: 2982
Merit: 1149
Leading Crypto Sports Betting & Casino Platform
September 14, 2023, 05:42:34 PM
#14

 If you are willing to share some insights on how to connect with other cryptocurrency investors, it would be highly valuable. I look forward to building relationships with like-minded individuals and pursuing success together in the world of digital currencies!
1. Trust no one.  Influencers doubly so. Even your best friend has an agenda in this space and that's pretty transparent agenda. They all want to make money so they will shill the bags they themselves are holding.

2. Random people who pm you in telegram are 100% going to scam you. If you want make contacts from there, chat in the main channel.

3. Hype and pump and dump groups are not worth your time.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
September 14, 2023, 05:23:20 PM
#13
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.

There are only two classifications: either Bitcoin or altcoins, as any coin created after Bitcoin is considered an alternative coin. So, I think your question goes like that. Well, I would choose both. Don't limit your investment to just one, as this market is not for Bitcoin only. The reason why this market has grown is because of plenty of altcoins that were created. While most of them turn out to be abandoned projects or scams, there are altcoins that still exist and are already successful. So, it's just a matter of studying a certain project to see its potential in the future. Also, if you want to minimize the risk in investing, you need to diversify your funds, which means you should invest in altcoins alongside Bitcoin.

Or if you still don't get it, Don't invest or don't put money on something you don't know. Not because you've gone through the website, read their Ann thread, heard about the proect online from a random video on YouTube does mean you've already done your research. Truly do your research by asking yourself is it worth taking the risk and putting off my money out there? All or almost all altcoins does 10x or more easiliy because it has small caps thus very volatile to have price fluctuation.
legendary
Activity: 3080
Merit: 1353
September 14, 2023, 05:10:00 PM
#12
You haven't specified your perception of mainstream cryptocurrencies. From what I gather, mainstream cryptocurrencies typically include only Bitcoin and Ethereum. However, we are all aware that not everyone can afford to buy these expensive coins. Therefore, many of us opt for other alternative coins that are more affordable and offer good value. We often consider factors such as the trading volume of the coin we want to purchase, whether it is listed on top-tier exchanges, and also take into account the strength of the coin's community. Mainstream coins are good to hold for the long term.

Most likely this is what mainstream coins for him, BTC, ETH, the top 2 coins in the market.
As far as buying though, you don't need to acquire like 1 BTC or 1 ETH right away. Did you know that you can used DCA (Dollar Cost Averaging) strategy?
I'm not really sure what you mean by altcoins that is affordable, still though there is a big risk on that projects and so we don't know if it will return big or not in the future.
Of course the best thing is to buy them in top tier exchanges, but don't leave it there, put it it in a wallet that you have total control, meaning you have the private keys and mnemonic phrase.
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