Topic: Newbies are safer with top altcoins - page 16. (Read 5318 times)
I think yes because usually, most of the newbies are easily attracted especially when the price of altcoins has to increase aside from this, they are thinking about earning instantly without self-control and simply invest due to the expected percentages. For this reason, sometimes more of them turn into tears and I guess they really have to read first to know something before entering the world of crypto to become safe.
I still think that the top 10 cryptocurrencies have some dangers:
XRP reached $3 and today does not even exceed $0.20
Bitcoin Cash reached $3000 and today it does not even exceed $250
Bitcoin SV reached $350 and today it does not even exceed $200
XRP reached $3 and today does not even exceed $0.20
Bitcoin Cash reached $3000 and today it does not even exceed $250
Bitcoin SV reached $350 and today it does not even exceed $200
I perfectly agree with you. Many of the top altcoins have lost more than 90% of their value since the ATH in 2017-18. But what about the altcoins, that are outside top-20, or even those outside the top-50? They have fared even worse. Many of them have ceased trading and have become dormant (or even dead). The top altcoins fared badly, but they are at least surviving.
Newbies expecting fast returns out of cryptocurrencies were due to the lack of understanding about the cryptocurrency. People need to learn before making an investment, because a small mistake in selection of the right cryptocurrency could cause a big loss.
Always top altcoins give good earning, but that too won't give take place in a short. User needs to have patience, apart from this trading is good to get return out of cryptocurrencies with minimal investment.
Always top altcoins give good earning, but that too won't give take place in a short. User needs to have patience, apart from this trading is good to get return out of cryptocurrencies with minimal investment.
Everyone are safer with top alts. only ±10% of them were succesfull. Pumps and dumps is not a solution
How do you know this? can you control the market so that you can draw a percentage of someone's success in crypto? because sticking to Altcoin top is definitely a good solution at any time, but to predict success in a few percent is a difficult thing to do.
Well, they really are dangerous. Not because they are in the top 10, it doesn't mean that they are really stable nor make you profitable once you have invested. We should realize that even if it is a top altcoin, just like you have shown, it can drop drastically compared to its ATH.
That's a wrong comparison I think, That's the price comparison during the Altcoin season in 2017 ago, which at that time all Crypto prices flew to the moon. So now all Crypto prices have dropped from their ATH up to 50-90%.
Seeking knowledge first about crypto is the basic fundamental to have before doing investments. And it is always safe for newbies and also to old investors to stick with top coins. Because it is capable of increasing it's price in the long run. While new coins is very risky to invest with.
I still think that the top 10 cryptocurrencies have some dangers:
XRP reached $3 and today does not even exceed $0.20
Bitcoin Cash reached $3000 and today it does not even exceed $250
Bitcoin SV reached $350 and today it does not even exceed $200
Well, they really are dangerous. Not because they are in the top 10, it doesn't mean that they are really stable nor make you profitable once you have invested. We should realize that even if it is a top altcoin, just like you have shown, it can drop drastically compared to its ATH. XRP reached $3 and today does not even exceed $0.20
Bitcoin Cash reached $3000 and today it does not even exceed $250
Bitcoin SV reached $350 and today it does not even exceed $200
Everyone are safer with top alts. only ±10% of them were succesfull. Pumps and dumps is not a solution
Top altcoins meaning their price are more stable than other coins.
I still think that the top 10 cryptocurrencies have some dangers:
XRP reached $3 and today does not even exceed $0.20
Bitcoin Cash reached $3000 and today it does not even exceed $250
Bitcoin SV reached $350 and today it does not even exceed $200
Top altcoins meaning their price are more stable than other coins.
I still think that the top 10 cryptocurrencies have some dangers:
XRP reached $3 and today does not even exceed $0.20
Bitcoin Cash reached $3000 and today it does not even exceed $250
Bitcoin SV reached $350 and today it does not even exceed $200
If newbies have no single experience about crypto and it's a must for them to invest then top altcoins are the best options but I recommend top 10 altcoins in this condition, anything under top 10 can still lose position, I'd rather spend time to learn and rush to invest
It is the safest way for newbies that wont like to waste time to acquire coin in this present market. I advice interested friends that this is a good time to get into cryptocurrency. Buy the established coins on the top 50 CMC except ripples, get a good wallet and prepare for 18 -24 months from now. Newbie can only attempt new coin after spending good time learning to identify good project and select coin with good volume exchange list.
Yea top altcoins are more stable that new altcoins but new altcoins is where the real fun lies, you can get the unexpected results from new projects so I think it's better if you take risks with new projects once in a while, all you need to do is learn how to find real gem altcoins
Top altcoins meaning their price are more stable than other coins. This time newbies were like on trial to have a chance to get to know how the market work (demo account like stock market). Once they have learn the basics which will allow them to go for a more risky investment.
It is right to say starting with existing top altcoins for newbie is preventive for newbies against loss of fund.
in the top 10 cryptocurrencies we have:
XRP = waste of money and time
Bitcoin Cash = waste money and time
Bitcoin SV = waste money and time
that's why I think people should start with bitcoin only and after having experience they can buy altcoins
I agree with your opinion, now it's safer for beginners to invest in the top coins right now, don't be too ambitious when looking at opportunities that are temporary and a lot of coins lately in the name of helping COVID-19, so be careful before investing in cryptocurrency
If you have the ability to take risk, then you can invest a part of your money (maybe 10% or 20%) in the new high risk coins. I am not a big fan of such coins. But in the past there were rare occasions, when I myself got benefited from such cryptos. So it will be ethically wrong for me to degrade all the new cryptocurrencies. But once again, you should take only as much risk, as you can afford.
It is safe for us if invest in the top altcoins in this market, I have been in this market for many years and have invested in a lot of altcoins. Honestly, altcoins other than the top 100 will never get you too much profit, most of them will become scams and cause you to lose money.
On Rank of my Top 10 Altcoin List is LINK one of the best cryptocurrency to invest in 2020, Chainlink figured out how to get information in and out of a blockchain in a way that is secure, trustworthy, and decentralized. Sources of data between the blockchain and the “real” world, known as oracles, no longer needed to be a single point of failure for a smart-contract-program.
Every good Top 10 Altcoins list must start with the cryptocurrencies.
Ethereum (ETH)
Chainlink (LINK)
Basic attention token (BAT)
Komodo (KMD)
Bitpanda Eco System Token (BEST)
Ripple (XRP)
Litecoin (LTC)
Tether (USDT)
Monero (XMR)
Binance Coin (BNB)
Coin prices we can track from the Crypto market Analysis platform tokenncoin.
Every good Top 10 Altcoins list must start with the cryptocurrencies.
Ethereum (ETH)
Chainlink (LINK)
Basic attention token (BAT)
Komodo (KMD)
Bitpanda Eco System Token (BEST)
Ripple (XRP)
Litecoin (LTC)
Tether (USDT)
Monero (XMR)
Binance Coin (BNB)
Coin prices we can track from the Crypto market Analysis platform tokenncoin.
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
In my opinion the newbie doesn't have to always play it safe with top altcoins, if the new coins promise and give a bright future why not? The choice is in each your hand.
I agree with your opinion, now it's safer for beginners to invest in the top coins right now, don't be too ambitious when looking at opportunities that are temporary and a lot of coins lately in the name of helping COVID-19, so be careful before investing in cryptocurrency
This is the best thing for new beginners as they can get under the trap easily when they see some lucrative returns which in the end could turn out to be scam and if invest in it will lead to loss. So better to stay invested in the top altcoins initially and once made some profit then one can take some risk to invest in the new coin which they feel like to invest.
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