Newbies are safer with top altcoins - page 19.

umbara ardian

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Quote from: Vishnu.Reang on July 07, 2020, 07:38:15 AM

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There are many cheap altcoins in this market such as ADA, TRON, XLM ... these are the best altcoins that people should buy and hold. Do not waste money on new projects in this market, they will need a lot of time to develop and prices can be reduced many times after being listed at exchanges.

You are labelling them as cheap, because they have fallen by as much as 99% from the ATH levels. For example, Cardano reached an exchange rate of $1.23 per coin almost two years ago, but then crashed to $0.02 in 2020. Now once again it is undergoing a bull run and the current exchange rate is $0.10 per coin. Almost 500% increase from the levels that we saw 4 months back, but still 90% down from the ATH.

Obviously, it is too cheap compared to ATH in 2017. Most altcoins in the top 100 have dropped more than 20 times compared to ATH, so you can completely buy and hold them in the long term to get profit.

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Quote from: Kong Hey Pakboy on July 07, 2020, 06:49:22 AM

Newbies are really safer with top altcoins instead of risking their money in shitcoins and bad projects that they assume they could get profit from it because when they start to invest their money today there are more chances to earn good money in the future. But the problem with buying top altcoins in the market, newbies have don't enough money to buy them due to their high price.

There are many cheap altcoins in this market such as ADA, TRON, XLM ... these are the best altcoins that people should buy and hold. Do not waste money on new projects in this market, they will need a lot of time to develop and prices can be reduced many times after being listed at exchanges.

These coins are very popular in this market, and I think it is better to look for new ones because coins outside the top 300 are still a good choice if you consider carefully. I often make a profit this way because the coins that many people hold often don't bring me too much profit. Of course, big risks are inevitable and should only look for coins with good liquidity.

Vishnu.Reang

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Quote from: ?? on ??

There are many cheap altcoins in this market such as ADA, TRON, XLM ... these are the best altcoins that people should buy and hold. Do not waste money on new projects in this market, they will need a lot of time to develop and prices can be reduced many times after being listed at exchanges.

You are labelling them as cheap, because they have fallen by as much as 99% from the ATH levels. For example, Cardano reached an exchange rate of $1.23 per coin almost two years ago, but then crashed to $0.02 in 2020. Now once again it is undergoing a bull run and the current exchange rate is $0.10 per coin. Almost 500% increase from the levels that we saw 4 months back, but still 90% down from the ATH.

Kong Hey Pakboy

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Newbies are really safer with top altcoins instead of risking their money in shitcoins and bad projects that they assume they could get profit from it because when they start to invest their money today there are more chances to earn good money in the future. But the problem with buying top altcoins in the market, newbies have don't enough money to buy them due to their high price.

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Quote from: StephenJH on July 06, 2020, 06:31:27 PM

Quote from: Santri on July 06, 2020, 04:27:00 PM

10000% I agree with what you say. because by choosing the top altcoins will minimize the loss of a lot of money, but as you say, if a newbie has to keep learning until he can choose a project that is worth investing in

We can say that top altcoins investment is the safest investment, for that reason newbies must start with top altcoins. Maybe in this way they can get a lot of knowledge about investing, l think knowledge is more important than money. It will take a bit of time to learn this world, but it will absolutely worthwhile.

With the highest altcoin probably not too high in the risk that will be faced but beginners also need to pay attention to how to choose altcoin and analyze it in the short or long term it must be done so that it is better in investing.

B.wealth

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You are very right, investing now should only be done after thorough research about the project, digging out the basic usecase of the project and getting to know more about the team behind such project before investing in it is very much important, I hope newbies learn from this so as not to learn in the hard way.

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Quote from: Free1bitco.in on July 07, 2020, 04:03:38 AM

Quote from: naikturun on July 06, 2020, 04:23:34 AM

it will not have a big effect, if they still buy top altcoin in bad market conditions they will still lose, the most important thing is to study market movements or analyze the coins to be bought.
no problem altcoin is not good even if you buy it at the right time you can still make money from it.

it really depends on market conditions. it's just that, the top altcoin has more potential to rise than others. in addition, the development of top altcoin always coincides with bitcoin, so beginners only need to find information about bitcoin that has quite a lot of information compared to certain altcoins. even top altcoin also has a lot of information that is easy to get.

Also a coin that's not among top altcoins could trap the newbies aswell, the fluctuation is usually huge since they tend to have lesser amount of volume and some newbies gonna lost their money in there. non top altcoins usually requires us to gather a lot more information to know how's the future of that coin and how promising that coin could be and it's not as easy as investing in top altcoins where you just need to wait for the right time.

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Quote from: naikturun on July 06, 2020, 04:23:34 AM

it will not have a big effect, if they still buy top altcoin in bad market conditions they will still lose, the most important thing is to study market movements or analyze the coins to be bought.
no problem altcoin is not good even if you buy it at the right time you can still make money from it.

it really depends on market conditions. it's just that, the top altcoin has more potential to rise than others. in addition, the development of top altcoin always coincides with bitcoin, so beginners only need to find information about bitcoin that has quite a lot of information compared to certain altcoins. even top altcoin also has a lot of information that is easy to get.

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Quote from: Santri on July 06, 2020, 04:27:00 PM

10000% I agree with what you say. because by choosing the top altcoins will minimize the loss of a lot of money, but as you say, if a newbie has to keep learning until he can choose a project that is worth investing in

We can say that top altcoins investment is the safest investment, for that reason newbies must start with top altcoins. Maybe in this way they can get a lot of knowledge about investing, l think knowledge is more important than money. It will take a bit of time to learn this world, but it will absolutely worthwhile. Indeed sometimes knowledge can not enough for making something better for you, but l think it is an important part of the crypto world.

Santri

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10000% I agree with what you say. because by choosing the top altcoins will minimize the loss of a lot of money, but as you say, if a newbie has to keep learning until he can choose a project that is worth investing in

ameliana

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if your goal is to invest safely then you don't need to bother to choose the crypto you want to invest with, just only with the highest altcoin or especially with BTC. but to get a profit in investment also requires time or process, even you will never know that it turns out that the coins you invest can increase at any time.

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Quote from: sandra_x on July 06, 2020, 01:13:47 PM

The top altcoins are less susceptible to wide swings in price, the have higher market caps and the teams are less scammy, Many have spent considerable length of time developing their platforms, less pumps and dumps. They are less risky

I think that the top altcoins in this market will be hard to collapse, if buying altcoins outside the top 100, the price may collapse several times in a short time. But for the top altcoins, that will never happen

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I have too many bad experience with new altcoins and now I end up knowing what's good for me, maybe if I've never took those risks I'd never be as good as I am today? I am a crypto adventurer, if you don't like taking risks too much it's better to avoid new coins, many new developers only have plan of getting rich from blockchain projects

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It would be safe investment if he hold for long term or wait until the price increase and yes newbie should better invest in the top altcoins because new coins in the market are more risky.

Hold altcoin in the long run is not a good option. For example, if you bought altcoins from 2018-2019, until now you have lost at least 3-10 times. So research carefully when investing, only short-term investment for altcoin

sandra_x

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The top altcoins are less susceptible to wide swings in price, the have higher market caps and the teams are less scammy, Many have spent considerable length of time developing their platforms, less pumps and dumps. They are less risky

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it will not have a big effect, if they still buy top altcoin in bad market conditions they will still lose, the most important thing is to study market movements or analyze the coins to be bought.
no problem altcoin is not good even if you buy it at the right time you can still make money from it.

Skinny48

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Not all newbies will like to play safe but I will just advice them to put learning first, to make good ROI from crypto taking risks is a must, not just on top altcoins but on few new altcoins that still have low marketcap, they are high risky but they can bring huge ROI

lienfaye

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Quote from: Kopetunto on July 05, 2020, 02:47:07 PM

it has been recommended by everyone, that top altcoins like Cardano, Ethereum, Eos, Ripple are good investments in the future, for now, because the prices I see are still below, but I'm sorry if people are still holding their investments since early 2018 , hopefully altcoin can return to that price again

Top altcoins are always recommended to beginners because of less risk compared to new coins sprouting or in coins that already been here for years but not establish yet. However it doesnt mean of for sure profit since the market is unpredicted and we dont know the movement of each coins when the market turns bearish.

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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

Yes newbie are safer in top altcoins but it's up them how choose wisely before they invest their money. Many newbie now are smarter they do search more before they buy altcoins. But some newbie are not do search before they buy altcoins then after ward they lose their money. So much better to search well and choose wisely before buy altcoins.

ZincUnrated

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Not isn't applicable to only newbies but everyone looking to trade or invest in good coins in the market. There is too much risk associated with the lower coins which maybe very damaging in the long run considering how volatile the crypto market is. Some of this unpopular projects could just go extinct without you knowing leading to loss of massive investment amounts but with the more popular and renowned projects, the possibility of them folding up is slimmer and that alone brews confidence for anyone investing in them.

Topic: Newbies are safer with top altcoins - page 19. (Read 5281 times)