Newbies are safer with top altcoins - page 29.

Stanlo

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Quote from: mk4 on April 28, 2020, 10:38:52 AM

An altcoin being on the "top" doesn't automatically mean it's a "safe" or good investment. I mean, take a look at it! The cryptocurrency market is full of crap. And not to mention that bitcoin is risky and volatile enough for the typical inexperienced investor, and you're going to say that it's better for them to buy coins like Ripplecoin a.k.a. fidget spinner coin? Worst investing advice I've read yet.

I will invest on any of these coins instead of new projects, they have failed me too many times and I don't want to keep doing that, time to move on to old and top altcoins, they are dependable than new coins that only aim on cashing out

OrangeII

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not only beginners but those who have long been in the world of crypto will also have top altcoin to minimize the risk they can accept. it's just that, for some beginners, they can not distinguish which is the top altcoin, and also not. this happened to my friend who saw that almost all cryptos were the same. however, they need to be educated before starting.

TheClownSong

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Quote from: TitanGEL on May 02, 2020, 11:38:56 PM

I do not like the term safe and we should change it as less risky, yes it is true that the risks are lesser if we will make investment with the top altcoins in terms of market capitalization because of the liquidity. I think the problem why many new traders that are losing in the market because of the cheap thinking where they are buying shitcoins that are look cheap because they think when the price become valuable, they will earn huge money. That kind of thinking is the major reasons why only few traders that are surviving in the market. It is really better if we will invest first in the top altcoins like ethereum, xrp and many more due to the lesser risks.

Investing in coins or tokens that are in the top ranking will make us more comfortable even though I think cryptocurrency is an investment asset that is quite high risk. I think that cryptocurrency will be increasingly recognized by many people and may also be an alternative investment that can provide benefits for investors

TitanGEL

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I do not like the term safe and we should change it as less risky, yes it is true that the risks are lesser if we will make investment with the top altcoins in terms of market capitalization because of the liquidity. I think the problem why many new traders that are losing in the market because of the cheap thinking where they are buying shitcoins that are look cheap because they think when the price become valuable, they will earn huge money. That kind of thinking is the major reasons why only few traders that are surviving in the market. It is really better if we will invest first in the top altcoins like ethereum, xrp and many more due to the lesser risks.

H1N1

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Indeed, top coins are safer to buy because the value is more stable than other coins.
But if the newbies have some money, they can put trust on new altcoins by buying the coins.
Of course with some research about the coin first, otherwise they will waste their money.

SanZoldyck

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arcs-chain.com

yes that's right, the top 10 crypto is a safe choice for investment for beginners, especially not fake volume but there is another option that is the IEO launchpad in binance there always ROI is also good for beginners

magnum cyber

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usually new projects that are generated from the ico project don't always produce sweet fruit. New projects or new coins are more risky than other top coins. for me personally to secure your money then invest only with the top altcoin and do not miss btc investment.

kindbtc

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I would go one step ahead and say that even senior members are only safe with top coins because new projects are massively risky and you never know how it ends up, i have seen so many projects going down that seemed good and practical so staying with top reputed coins is the way to go.

Baimovic

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altcoin in the top list is a good choice for major investments such as BTC and some altcoin that are listed in the top 10 in cmc. some of the top coins are real coins and many are used for long-term investment, you need to take part in them.

mersal

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Newbies can feel safe with old coins not the top coins in terms of marketcap because some shitcoin also get bumped intentionally by particular community for the complete dump so don't just invest based on their total marketcap ranking and also concentrate on their price charts, it is has more ups than downs then it is a good coin to invest.

Metall303

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Quote from: shadowdio on May 02, 2020, 10:49:43 AM

yep newbies should invest in the top cryptos. They should not trust right away with the developers promises that their coin will pump because of their project, this likely a scam it is better to invest in the top cryptos.

I generally think that it is best for newbies to buy only the Bitcoin because it will be as safe as possible. as soon as a beginner starts buying altcoins, he goes next than the top coins and then comes to shitcoins

cryptoknightt

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Quote from: Greatdev on April 28, 2020, 09:52:43 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

for now it's better to trade old coins that already exist, rather than buying new coins, unless you are really ready for the risk posed by these coins.

Quote from: o_e_l_e_o on April 28, 2020, 10:08:34 AM

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.

but you can see from the daily volume of that, if you just sell 1 coin at 10$ nobody will trust your coin Grin

Surrapatt

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Quote from: shadowdio on May 02, 2020, 10:49:43 AM

yep newbies should invest in the top cryptos. They should not trust right away with the developers promises that their coin will pump because of their project, this likely a scam it is better to invest in the top cryptos.

And beginners must also have prior knowledge before investing in the top cryptos, because investing in the top cryptos also has a risk of loss, especially if the beginners who have not enough knowledge of investment.

shadowdio

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Zawardo

yep newbies should invest in the top cryptos. They should not trust right away with the developers promises that their coin will pump because of their project, this likely a scam it is better to invest in the top cryptos.

Saisher

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Quote from: Greatdev on April 28, 2020, 09:52:43 AM

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

Not only newbies but old investors are also safer, top coins are the go to coins right now in this hard times and now that halving is coming, don't experiment with new coins right now, if you can't help it, then invest in minimal amount until you are sure that you are in a right project.

rahmatullah9305

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Quote from: irixo10 on May 01, 2020, 10:24:33 AM

Bitcoin is the most trusted coin in the entire space; since that is true and have been proven for years now, I believe BITCOIN is the coin they can be safer with at the initial time. Then when they must have gotten a good knowledge of crypto they can start with altcoins with Eth being the first.

All work can not be separated with risk bro, so it is better to have prior knowledge on everything, rather than immediately believing in a thing, Bitcoin is a good coin in general, but investors have also been disadvantaged when bitcoin prices decline in the market, so be wise in think bro.

Quote from: BITCOIN4X on May 01, 2020, 10:37:16 AM

Without knowledge, I dont think bitcoin is a safe asset for novice investors or traders. Are you sure that a beginner can control their desire not to sell the bitcoin he has bought if the price is dump ?

I'm not sure, because everyone will definitely sell anything, including Bitcoin when there is a fall in prices on the market, because basically everyone doesn't want to lose money just like that.

Quote from: BITCOIN4X on May 01, 2020, 10:37:16 AM

Cryptocurrency trading is a high-risk activity, and is not at all recommended for those who do not have enough knowledge. If they really want to, a beginner can learn first by creating a demo account before they actually trade.

Yes, this is a very good solution for those who want to learn, because the risk of trading in the crypto room is not small, if only someone experiences a large loss, then he will return to zero.

Wildwest

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Very agree as you say because nowadays new coins are very big risk for us to invest and we are often deceived with their sweet promise that gives us false hope, and in the end we can not get satisfactory results even our capital also disappeared in the project then in this case we have to look safe and choose an altcoin that already has the potential to be able to get the results we expect.

Chukwunonso

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Quote from: Greatdev on April 28, 2020, 09:52:43 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

I'm personally in full agreement with your opinion. The cryptocurrency industry is highly volatile and risky. One could be misinformed to believe that wealth could be accumulated within a short period of time. In most cases the opposite of this works out and leaves many crytocurrency Enthusiasts bankrupt.

TopT3ns

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Quote from: Lantind on May 01, 2020, 08:20:33 AM

Quote from: ife2020 on May 01, 2020, 07:29:43 AM

Why not highlight few tokens
do your own research, figure out future strands about the project before investment.

Yes, and this is the importance of doing research first before investing, because with a little research at least we already know and can manage our steps in terms of choosing tokens and projects.

but usually new traders will find it difficult to find information on whether altcoin is good or not but for new traders or newbies they will find it difficult to get that information, therefore it is better to buy altcoin at the top rank for safer, ethereum and litecoin which in my opinion is still safe for trading.

cahbagus555

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Quote from: casperBGD on May 02, 2020, 05:09:57 AM

no matter newbie, or more experienced trader, you should never invest more that you can handle to lose, but also you should never invest before throughout search and analysis regarding coin and development team the is behind, i do think that only coins with viable products and solutions for recognized issues in the world have future out of the crypto world

Agree, in investing we must always be careful and will also choose safe assets. For Altcoin, top ranking in coin marketcap is the first choice because of the amount of liquidity that is owned as well as projects that are done more legit than others

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