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Topic: Newbies are safer with top altcoins - page 3. (Read 5281 times)

legendary
Activity: 1610
Merit: 1003
August 06, 2021, 06:08:13 PM
my friend paid from some bounty, it just new project. after it, he start convert the other money to that project. actually, my other friend and i, suggest him to invest in other popular one, but it just happen. holding for a month and he take just a little plus from what he did.
not all new project is scam, they can give you profit though just a little.
full member
Activity: 588
Merit: 101
August 06, 2021, 03:38:26 PM
Yes true most newcomers are focusing in top all altcoins. BTC undoubtedly their first choice it is safer invest, Till they are not able to own research that's very true.
Top altcoins low risk both of beginners and experienced investors. Beginners will never manage their losses in random altcoins.
Top altcoins are highly recommended to be the main choice in investment including for beginners and investors, if you choose a new altcoin then you have to be prepared with the risk of loss because new altcoins are difficult to last long in the market and there are too many scam projects now so don't be tempted for fictitious profits on new projects
member
Activity: 205
Merit: 10
August 06, 2021, 03:16:02 PM
Yes true most newcomers are focusing in top all altcoins. BTC undoubtedly their first choice it is safer invest, Till they are not able to own research that's very true.
Top altcoins low risk both of beginners and experienced investors. Beginners will never manage their losses in random altcoins.
sr. member
Activity: 1456
Merit: 251
August 06, 2021, 02:56:01 PM
When we realize that we don't have enough time to research new altcoins from the experience of old coins, we should learn both at a time. Top altcoins deserve a big allocation of your portfolio. Now I think new altcoins also deserve some of our portfolio. But it won't be a good idea to invest without listed any exchange, even if it doesn't work fake volume exchange support.
New altcoins can only be allocated 25% only compared to top altcoins because new altcoins are difficult to analyze with certainty future development potential, most new atlcoins are just initial trend due to influence of famous people and then projects fall without returning in market price.
full member
Activity: 546
Merit: 148
August 06, 2021, 02:41:21 PM
You are right. Those who are newbies to cryptocurrency must acquire proper knowledge about cryptocurrency before investing in them. New coins should not be invested. Rather, it is better to invest in trusted top altcoin.  Whatever the profit, the risk is very low.
Yea, the risk is low but hmmm, aside from bitcoin and Ethereum that has been going well so far, all coins have their side and as an investor, we only hope it turn out to be the best we want.
There are situations where 51% attack happens to some projects, the recent one that occurs was Bitcoin fork BSV. When this happens, their is likely chances of double spending which may live your investment down the drain.
It's always good as a newbie to watch YouTube for other opinions for knowledge but not as financial advice.
sr. member
Activity: 574
Merit: 250
August 06, 2021, 02:29:06 PM
When we realize that we don't have enough time to research new altcoins from the experience of old coins, we should learn both at a time. Top altcoins deserve a big allocation of your portfolio. Now I think new altcoins also deserve some of our portfolio. But it won't be a good idea to invest without listed any exchange, even if it doesn't work fake volume exchange support.
full member
Activity: 661
Merit: 100
August 06, 2021, 12:11:25 PM
You are right that it is better for newbies to work with something popular and something that has already been audited several times and has a big trading volume. But it is also important to learn new things if you want bigger earnings, as new altcoins are more likely to increase by several times than Bitcoin. So gain new knowledge and together with this try something more risky!
sr. member
Activity: 938
Merit: 251
August 04, 2021, 06:14:50 AM
The high the risk,  the higher the rewards.  The lower the risk, the lower the rewards! Risk reward rationale is behind every investment decision,  the real work is how to apportion your scarce resources into less risky coin for maximum reward.  New project usually have big potential for bigger reward.  How do you manage the risk of investing in new project and getting bigger reward if such project is successful.  This should be the bulk of your work schedule as investors  and traders in Cryptocurrency market!
full member
Activity: 714
Merit: 104
April 26, 2021, 12:57:32 PM
one way or another, for profitable investments, you need to be able to conduct not only technical, but also fundamental analysis of each project, and if cryptocurrencies are still too young, then the risks increase many times over. But if a person does not want to take risks, then he can always use only the top-rated cryptocurrencies for investments, and thus his capital will be more secure than in another case.
hero member
Activity: 854
Merit: 500
April 26, 2021, 12:12:02 PM
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
Once you start investing, there's nothing called safety. No one knew in advance whether the new currency was safe. What needs is some experience. If you are new and inexperienced, choose the top altcoins because they are reputable and used by many people to trade. Its value depends on the number of project participants.
hero member
Activity: 1456
Merit: 501
DGbet.fun - Crypto Sportsbook
April 26, 2021, 11:36:11 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, I totally agree with your thread. because many beginners don't have much experience in choosing a new altcoin so that it can be self-defeating. So it's better to choose top altcoins for investment because top altcoins have security and avoid lossing asset. because it's better to play it safe by choosing the top altcoins on coinmarketcap.
Sadly the newbies don't seem to like the top altcoins too much due to the sluggishness of these projects, dissatisfied with the returns, what they already know about crypto through a lot of introductory information are hot projects and can be capitalized many times in just a short time, the safe choice is actually very inhibitory and their decision is to invest according to what they see. Of course, there are no shortage of cases of failure and late gain of experience, instead of being assured and having more time to research the crypto world, they have to return to the problem of slowly recovering
full member
Activity: 756
Merit: 111
cro.baby
April 26, 2021, 10:48:32 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, I totally agree with your thread. because many beginners don't have much experience in choosing a new altcoin so that it can be self-defeating. So it's better to choose top altcoins for investment because top altcoins have security and avoid lossing asset. because it's better to play it safe by choosing the top altcoins on coinmarketcap.
jr. member
Activity: 392
Merit: 2
March 25, 2021, 04:37:19 AM
I understand where you coming from and what you mean but that doesn’t necessarily really mean its safe for newbies even if its a top coin... just imagine a newbie buying bitcoin at 60k because of it he hype and you have seen it yourself then bitcoin goes to 50k... wont the newbie also lose lot of money and that would probably disappoint him/him
sr. member
Activity: 1064
Merit: 300
March 25, 2021, 04:21:32 AM
Beginners should still be as committed to bitcoin as possible.
Of course there are good altcoins but newbie should understand that it is better to carry their dollars to other projects.
Knowing and adhering to this earlier i would not have lost so much of my bitcoins...
newbie
Activity: 35
Merit: 0
March 25, 2021, 02:36:45 AM
True as you say for beginners it is better to invest in the top altcoins because the risks we face are lighter and easier for us to predict, then in the top 10 coinmarketcap is the right choice but you also have to look at the potential of the coin to make it easier to make a profit.
yes it is alright to invest with top alts and then hold  but so far btc was the easiest investement you can buy it from everywhere
member
Activity: 431
Merit: 18
March 19, 2021, 07:22:10 PM
Most altcoins especially the top ones aren't protected either in light of the fact that there are some altcoins which get in the top rundown each of the one an abrupt by counterfeit exchanging volume . Yet, the facts confirm that anybody can exchange or put resources into top as well as one of a kind altcoins which will have some significant occasions in the forthcoming months or weeks. Subsequently, any novices can make a few benefits and will be protected in alt markets. On the off chance that any beginners can't handle their emoitons on abrupt little dump than it's smarter to stay with Bitcoin and Ethereum,
member
Activity: 746
Merit: 10
https://axiomapay.com/
February 22, 2021, 09:36:26 AM
True as you say for beginners it is better to invest in the top altcoins because the risks we face are lighter and easier for us to predict, then in the top 10 coinmarketcap is the right choice but you also have to look at the potential of the coin to make it easier to make a profit.
The point is to make a profit that is not easy at all even though beginners choose coins or tokens that are in the top 10 coinmarketcap, because the investment name still has the same risk even though the losses will not be the same.
yes, investing in top coins is highly recommended, especially for beginners or anyone who is not ready to take a high investment risk, even now there are tons of new shitcoins out there, so if you are a beginner in cryptocurrency, make sure you have some knowledge. which is enough to go wherever you want to go. invest so that you avoid losing profits.
member
Activity: 686
Merit: 35
February 21, 2021, 06:25:53 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 would say that this just doesn't relates to just newbies alone, even some that have been in the crypto space for some times might want to invest in new projects and eventually gets burn and by the way, there isnt a 100% vetting that you can do and guarantee that you can avoid investing in bad projects because some can be a genuine as it can be a still fail down the line to some reasons. When Cardano ADA was first listed on Bittrex Back in 2017 I was reading online how it was a scam coin and I believe most people like me that listened to what was been pushed online then and got out of ADA understands now that, that narrative then wasn't true.

While investing in top Alts is advisable, there are still many new good projects to profit from even as a newbie and most likly of you stick to some reputable exchanges which have worked for me though.
full member
Activity: 1093
Merit: 103
February 18, 2021, 11:32:53 AM
True as you say for beginners it is better to invest in the top altcoins because the risks we face are lighter and easier for us to predict, then in the top 10 coinmarketcap is the right choice but you also have to look at the potential of the coin to make it easier to make a profit.
Today, no one will make a mistake if they invest in Ethereum and Bitcoin. And of course, the entire top ten of the rating has great prospects even this year, especially given the growth rates of market leaders. But also newcomers should be attentive to news that can radically change the trend of the market.
sr. member
Activity: 1568
Merit: 324
https://duelbits.com/
February 18, 2021, 07:44:33 AM
True as you say for beginners it is better to invest in the top altcoins because the risks we face are lighter and easier for us to predict, then in the top 10 coinmarketcap is the right choice but you also have to look at the potential of the coin to make it easier to make a profit.
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