Topic: Newbies are safer with top altcoins - page 24. (Read 5318 times)
Picking the top altcoins doesn't guarantee your safety. Because it's the market we are talking about here. You have probably the same risk and gain you have when you pick a coin at the end of the spectrum. But with those known coins the benefit is for a newbie that's the first coin they will invest on and trust. But don't be fooled that you will earn money right away just by investing it on that coin.
I accept this fact, top altcoins are more reliable and I can actually risk holding top altcoins for many years to come, many altcoins have short time because the devs have other plans like exit scam etc, all you have to do to limit your loss is going 80% on top altcoins and 20 or even 10% on new altcoins
Agreed. The main problem is, Most of times newbies select shitcoins without having any idea, that's because they want have profit fast. That's the reason behind they experienced loss.
Buying top altcoins would be good choice even if they don't know about those properly
Buying top altcoins would be good choice even if they don't know about those properly
especially for me and those who are new to the crypto industry. I see there are many ICO projects using the name COVID. but I'm personally not at all interested in such projects.
It's better for the newbie to learn about crypto Market before there investing because there has many reasons for face lossing money. My one friend recently buy Hybrix token in biki exchange with price 3$ up but it's so bad drop out under 1$.
Thats why im buying only top alts they have good ideas, team and future. I bought recently some ada on bitfinex and it alrady growthed to 10%
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
Every one are safe investing in the top coins bro. Some coins are purposely on trading and some of them are for long termNewbies 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 depends how busy you are in real life where you can control your coin and reduce the risk by trading .
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
Depend on what they wanna do in this market,If they want to Buy and Hold then they can use the currencies advised by you and those are the coins in Top ranks and stays here from long time ago.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
But if they want to Trade?then they should use as materials in trading those fast moving currencies in market.
They might be Cheap and Low ranking but they can Give good movement if some Big traders bet on those coins and let them pump for just an hour,we have seen some coins or tokens like this that made more than x100 in their price for a short period of time and back to cheap again .
Blind invest is very common in crypto world, can't deny that I was a victim myself, 2017 crypto new got me good I guess, it's same mentality that many newbies still got in them today, they throw away research and decide to take unnecessary risks, the safest place to be is with Bitcoin
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Yeah this is like the stock market so new guys should stick to the blue chips and avoid gambling with penny stocks, if they do not understand their business model. The same goes for crypto until you have learned the basics
I also agree with this statement. however, most beginners don't know about popular crypto, so sometimes they try to invest in unknown altcoin, and they like it. many people are disappointed because one chose altcoin whose price was dumped after that.
Newbies have to realise that there is no safety in crypto anything can happen. Support zones can be broken and they lose money. There is nothing like top altcoin all can go down below newbies buy price
new project will not always be dangerous investment place,some of them now give investors big gains. take a look at klay which is new project in cryptocurrency market and now we can see its price give huge profits. and many others new projects that have good quality. as investors and traders we must able to filtered new project that will be gems for us.
If the project is well maintained but if its like other new projects that are launched on small and scam exchange? What can you say about that. Klay is a huge project so definitely the risk is not compared to those pump and dump projects. How often you could find a hidden gem like that? Rare and most of them are really subtle on promotions due to peoples mind about hype. 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
I absolutely love your point, to me altcoins are just like making gamble, you can make big profits of course but at the same time you can easily lose it all, with Bitcoin its 90% harder to lose your money, it's a very serious project, 100% better than altcoins 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
Yeah this is like the stock market so new guys should stick to the blue chips and avoid gambling with penny stocks, if they do not understand their business model. The same goes for crypto until you have learned the basics
new project will not always be dangerous investment place,some of them now give investors big gains. take a look at klay which is new project in cryptocurrency market and now we can see its price give huge profits. and many others new projects that have good quality. as investors and traders we must able to filtered new project that will be gems for us.
If the project is well maintained but if its like other new projects that are launched on small and scam exchange? What can you say about that. Klay is a huge project so definitely the risk is not compared to those pump and dump projects. How often you could find a hidden gem like that? Rare and most of them are really subtle on promotions due to peoples mind about hype.
In a certain aspect, yes, newbies are safe with already listed coins like the top altcoins on the market. This is because already listed or top altcoins are far from the category of being classified as a scam however, there is still the risk of losing investment especially when a newbie does not know when to buy dip, how long to hold and when to sell to make profits.
That is absolutely true for newbies. 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.
I do not think that the old projects that are now in the top will all be promising. I do not see the development of many projects and maybe they simply will die after some time. no matter how big their capitalization is.
new project will not always be dangerous investment place,some of them now give investors big gains. take a look at klay which is new project in cryptocurrency market and now we can see its price give huge profits. and many others new projects that have good quality. as investors and traders we must able to filtered new project that will be gems for us.
That is absolutely true for newbies. 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.
yeah, i know that.both large profits and small benefits come from our courage to accept risk. if we dare to take big risks, the benefits we can also be large or vice versa.
i don't recommend investing in a new project, but if the project is very interesting and quite useful. i think, it won't be a problem if we invest a little money there.
This is indeed the rule of thumb for every newbie who wants to engage the idea of investing in crypto assets. Never dabble into the unknown coins or less known coins as these have a great way of ruining your investments. Always go for tokens or assets that are well known and seemingly stable in price movements or fluctuations. You have a great chance of having your investment percentages returned over a course of time but with unknown or less known assets, they could be pump and dumps that may actually take forever to recover thereby causing losses.
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