Newbies are safer with top altcoins - page 12.

palle11

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Quote from: Greatdev on April 28, 2020, 10:52:43 AM

Seek for more crypto knowledge before investing in new projects, it's not always that easy to choose, as a newbie it's better to stick with old top altcoins on coinmarketcap, why? Because many newbie are in rush to make fast returns, if you are this type pls go for better top coins, 90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return

This is a good advise and not only for newbies. Going for established coins can be better than these new projects with promises. Some don't fulfill ICO and bounty promise to hunters and you just know they are not sincere. Is better to invest more in top coins. At least 70% investment on it and lesser to new project so to avoid too much regret.

soulripper

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Newbies that inexperience always seem cryptocurrency as a scheme for them to quick rich that why they make a big mistake for the first time like what i do when im a newbie. i do a mistake by buying tokens that was too low but has no demand at all. i think i can make a double with easy but in the end i stuck with that token cause the project was death and the team project has being disappear. That was a heart breaker but i used it as my reference for today so i dont make a same mistake anymore.

Spaffin

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It's really safe for the beginners once they are wants to invest to the crypto if they are choosing the top altcoins brcause it is not easy for it to dump the value because there is a lot of supporter, investors and also the partnership will be there once they see the value of the coin they have dump the value for sure they will make invest to rise it again.

I believe that newbies are in great danger today due to misuse of misinformation or, if I may put it this way, because of the abuse of the DeFi name for many projects that have nothing to do with decentralized finance. Due to the highest popularity of DeFi projects among investors, newbies are active on these projects that do not deserve it or are generally scams, and accordingly the losses will be very large. Based on this, I can say with great confidence that beginners can achieve success most of all with established coins that are in the rating, and not thanks to a new project that attracts with their high pumping.

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Quote from: iTradeChips on September 04, 2020, 09:09:36 AM

Speaking of top projects. Do you guys know any website that basically is something of a repository of information, particularly of reliable projects that all, whether newbie investor or master trader can all participate to and earn money? I have been searching for websites that act as a library of projects that can be invested. That would be a great addition to the almost never ending tools that we can use to become successful in crytocurrency. I hope there is such a website.

I have never seen such a website discussing the possibility of investing in crypto projects or platforms. All I know is to lend your assets to receive interest and the other is the famous staking ... But it would be nice if there was really such a website where we can also put the altcoins we hold instead of just bitcoin, we know that there is no guarantee when it comes to investment because it can also go bankrupt besides earning. Let's not forget to be diligent in investing, we should only be there in the legit and proven.

Fredomago

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Quote from: ?? on ??

It's really safe for the beginners once they are wants to invest to the crypto if they are choosing the top altcoins brcause it is not easy for it to dump the value because there is a lot of supporter, investors and also the partnership will be there once they see the value of the coin they have dump the value for sure they will make invest to rise it again.

Not really, there's still chances that it can be dumped due to market situation.

Look a year back ETH fall to $80 after reaching the top pick, if happened that you bought this coin from 2017 for sure your losses
are very huge until now, you need to understand and accept all the risk before placing your money into this business.

iTradeChips

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Quote from: Miaallen on July 19, 2020, 06:08:41 AM

It is right to say starting with existing top altcoins for newbie is preventive for newbies against loss of fund. Getting a worthy and non-scam project may be difficult for newbies to determine most especially when there is no one to give a guide. The altcoins like dogecoin, BAT, and so on are worthy investments a newbie can go for in order to stay in the cryptocurrency communities to learn more

Dogecoin has been around for a long time that I think even without direct supervision will just work on its own. If you think about it the Dogecoin price today is around $0.003 USD with a 24-hour trading volume of $80,139,360 USD. Lately the said coin is up .17% in the last 24 hours. The current rank of Dogecoin is #43 as listed on CoinMarketcap, with a market cap of $415,442,210 USD. It has a circulating supply of 126,062,547,481 DOGE coins and the max. supply is not available. So still many people are trusting this coin and I think this still has a bright future ahead.

Kopetunto

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Quote from: xOdiumNostrumx on September 04, 2020, 08:10:46 AM

They are, but so are other in the crypto space. Even if you are a crypto veteran who has been on the crypto scene for 5+ years, you will always be "safer" holding (for example) ETH than some sub-top 100 altcoin, so the seniority of the individual is not playing a big role here, even if the veterans tend to do their due diligence more often and more thoroughly.

for your assets it is safe, but your estimation will certainly decrease if you buy it at a price of $ 400,
although Ethereum altcoins are good, but if you don't care about TA, then you will regret it.

iTradeChips

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Quote from: SyndicateLabs on September 04, 2020, 07:02:39 AM

Quote from: Princeofpoetry on September 04, 2020, 06:29:46 AM

Quote from: Tipstar on September 04, 2020, 02:32:13 AM

Newbies aren't aware of the different tactics the scammers takes so they are an easy target. Furthermore many of the newbies have no idea how the coin works, how it's transferred and traded.

Because they lack knowledge and maybe they are lazy to read and find out what the world of crypto is like. If a newbie who likes analyzing I am sure will not get caught in a scam and can choose good coins for trading.

Well, just select the top projects in this market and I believe you will always be safe in this market. Don't try to invest and trade in new projects because it is risky, in my opinion most new projects are shady.

Speaking of top projects. Do you guys know any website that basically is something of a repository of information, particularly of reliable projects that all, whether newbie investor or master trader can all participate to and earn money? I have been searching for websites that act as a library of projects that can be invested. That would be a great addition to the almost never ending tools that we can use to become successful in crytocurrency. I hope there is such a website.

FaucetKING

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Quote from: Greatdev on April 28, 2020, 10:52:43 AM

Seek for more crypto knowledge before investing in new projects, it's not always that easy to choose, as a newbie it's better to stick with old top altcoins on coinmarketcap, why? Because many newbie are in rush to make fast returns, if you are this type pls go for better top coins, 90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return

Newbies are safer with top altcoins until they start learning how to choose wisely, do better diggings on new project to avoid scams

Cov-19 have been used to scam many newbies and even Corona virus coins are built too which have no real use cases

Play safe and be willing to learn

It's not about whether it is safe for them investing in the top coins or not. I've seen btc and other well known coins and tokens living the worst scenarios ever let's mention Hedg (HedgeTrade) which is down by almost 20% in the last 24 hours time span. Others like Augur, Eth, Ltc faced the same scenario. I think that even when dealing with famous altcoins, there's big risk. It's all about whether you're experienced or not, whether you can really take the loss or it will turn on some bad feelings in your inner soul. My one and only tip is to do your own research, invest only what you can afford to lose, stay away from FOMO and Fuds and you'll be okay.

NVZNtoken

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Quote from: o_e_l_e_o on April 28, 2020, 11:08:34 AM

Quote from: Greatdev on April 28, 2020, 10:52:43 AM

90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return

99% of all altcoins, regardless of age, are not serious at all.

Quote from: Greatdev on April 28, 2020, 10:52:43 AM

Newbies are safer with top altcoins

Newbies are safer with bitcoin, and avoiding altcoins altogether.

Marketcap is a meaningless statistic. I could create a new token right now, print 1 billion of them, sell a single token to my friend for $10, and now my market cap is $10 billion and I'm the third "top" coin. Just because an altcoin is in the "top 10", means nothing. At least half the coins in the "top 10" are literal scams.

That's a great point. Especially since that newcomers have no way of distinguishing which altcoins are the 1% that actually has something of value to offer. Very often the "top altcoins" are just the ones with the loudest influencers. People who look for the most safe investment would do good by focusing on Bitcoin, but let's be honest - most people are not interested in safe investments, they're after quick money.

xOdiumNostrumx

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They are, but so are other in the crypto space. Even if you are a crypto veteran who has been on the crypto scene for 5+ years, you will always be "safer" holding (for example) ETH than some sub-top 100 altcoin, so the seniority of the individual is not playing a big role here, even if the veterans tend to do their due diligence more often and more thoroughly.

taufik0911

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Quote from: ufaiz50 on September 04, 2020, 06:36:01 AM

It can't be that, actually in the fluctuation of an asset, the market cap doesn't mean anything. Maybe you mean because they have many communities and play a big role in the crypto market, so you think it's safe for newbies, but that's not true. In an asset that fluctuates rapidly there is no safe word, you have to adjust for these fluctuations to avoid losing and gaining profits. Maybe now the concept of stable coin has a safe word, especially in usdt, the problem is this is the same as when you store fiat which has a nearly fixed value.

yes newbie is better to play on stable coin because it is too risky
the best way to learn is to trade short-term with technical analysis
this will allow newbies to understand market conditions and understand how to choose a good alcoin for investment

SyndicateLabs

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Quote from: Princeofpoetry on September 04, 2020, 06:29:46 AM

Quote from: Tipstar on September 04, 2020, 02:32:13 AM

Newbies aren't aware of the different tactics the scammers takes so they are an easy target. Furthermore many of the newbies have no idea how the coin works, how it's transferred and traded.

Because they lack knowledge and maybe they are lazy to read and find out what the world of crypto is like. If a newbie who likes analyzing I am sure will not get caught in a scam and can choose good coins for trading.

Well, just select the top projects in this market and I believe you will always be safe in this market. Don't try to invest and trade in new projects because it is risky, in my opinion most new projects are shady.

ufaiz50

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It can't be that, actually in the fluctuation of an asset, the market cap doesn't mean anything. Maybe you mean because they have many communities and play a big role in the crypto market, so you think it's safe for newbies, but that's not true. In an asset that fluctuates rapidly there is no safe word, you have to adjust for these fluctuations to avoid losing and gaining profits. Maybe now the concept of stable coin has a safe word, especially in usdt, the problem is this is the same as when you store fiat which has a nearly fixed value.

Princeofpoetry

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Quote from: Tipstar on September 04, 2020, 02:32:13 AM

Newbies aren't aware of the different tactics the scammers takes so they are an easy target. Furthermore many of the newbies have no idea how the coin works, how it's transferred and traded.

Because they lack knowledge and maybe they are lazy to read and find out what the world of crypto is like. If a newbie who likes analyzing I am sure will not get caught in a scam and can choose good coins for trading.

ghost424

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Quote from: Greatdev on April 28, 2020, 10:52:43 AM

Seek for more crypto knowledge before investing in new projects, it's not always that easy to choose, as a newbie it's better to stick with old top altcoins on coinmarketcap, why? Because many newbie are in rush to make fast returns, if you are this type pls go for better top coins, 90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return

Newbies are safer with top altcoins until they start learning how to choose wisely, do better diggings on new project to avoid scams

Cov-19 have been used to scam many newbies and even Corona virus coins are built too which have no real use cases

Play safe and be willing to learn

That is a good advice to newbies since they won't be spending time within new Alternate Cryptocurrencies that is not yet known and might just scam them. Learning about the top Alternate Cryptocurrencies is a good idea since most of them just branches out into new ideas and learning from the best is a nice thing to do. If the newbies are risk takers, then they should tread carefully since losing money is one of the saddest thing to experience.

luckyflop

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I joined crypto in 2017 and until now I still find it difficult to find or choose which project I should hold for a long time and it is true that the safest point is to keep your assets in the top 20 coinmarketcap, at least the project already has a very clear roadmap and team.

If you want to invest long-term in this market, you should only buy the top altcoins in the market such as ETH, BNB, XLM, TRX, NEO .. and Bitcoin. Those are the best projects and their price will always grow in the long run, don't waste time on new projects because in the long run its price can crash many times or die any time

swordking

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Quote from: Kezacky on September 04, 2020, 02:22:01 AM

yes because They have too little experience to choose to invest in new projects. However, choosing the top altcoins is less risky but means that they will make less profit. Profits always come with risks, so I always advise them to stay here long enough to make a profitable investment.

Due lacks of knowledge, as well as experience newbies, left with few good options, and one of them is investing in top altcoins because that's could have less risk and thus this option seems great to all the newcomers.

(o)(o)ilikeboobs(o)(o)

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A novice should start with bitcoin and stable coins. Stay away from all altcoins as their value depends on the price rise of bitcoin. Learn how to convert your assets to stable coins. Get used to the waves of the market and learn to beat them. It is not advisable to start with altcoins as they can cause them to lose money and trust the market.

Tipstar

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Newbies aren't aware of the different tactics the scammers takes so they are an easy target. Furthermore many of the newbies have no idea how the coin works, how it's transferred and traded. Popular coins would have an extensive documentation and help available online which would let them make easy decisions. Rushing into something that you don't understand may make you loose in the long term even if it's legit things like trading and mining.

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