Newbies are safer with top altcoins - page 4.

bakasabo

legendary

Activity: 2436

Merit: 1207

Quote from: Text on February 16, 2021, 10:48:30 PM

Quote from: bakasabo on February 16, 2021, 02:00:06 PM

What can you say about EOS ? This altcoin is on the 19 place both on coingecko or coinmarketcap. The reason I've pointed on EOS is because I've been a holder for a long time. While everything grows up, during 1 year EOS price barely changed. This morning it was +2% growth, now cmc shows -3% price reduction. How is that for a "less risk" investment? Bitcoin shows almost +400% growth, while EOS is +/- on the same level.

I do not follow this coin very well because at first I did not like their payment system or had to buy an account or address to start using DApps. Unlike Bitcoin and other top altcoins that are easy to use so for me, EOS is a bit complicated. But I have tried before to have an EOS account that is free when I play a game based on their network.

You see, you are an experienced user and already faced some complications with EOS. I dont think that newbies should be mess with EOS wallet activation and etc. There are more easy and quick ways to make first investment.
EOS historical price chart shows that its does not change a lot. During last 2 years, you would be lucky if each invested $5 will give you $1 profit.
Also, I dont remember EOS making loud announcements or huge updates. They simply exist on the market. If you ask 10 random people on the forum what EOS made during last year, first thing they would tell is "wait, let me check it on google"

HaekalZ

jr. member

Activity: 378

Merit: 3

well, it's all about luck and risk.
if the newbies are brave enough to invest in new project altcoins, then, it's all about luck, if the ICO is successful then they can earn so many profits in there.
on the other side, top altcoins, as we know like BTC / ETH, they're very good, but they have to wait for a quite a long time to those altcoins to explode again.

Text

hero member

Activity: 2464

Merit: 594

Bitcoin Casino Est. 2013

Quote from: bakasabo on February 16, 2021, 02:00:06 PM

What can you say about EOS ? This altcoin is on the 19 place both on coingecko or coinmarketcap. The reason I've pointed on EOS is because I've been a holder for a long time. While everything grows up, during 1 year EOS price barely changed. This morning it was +2% growth, now cmc shows -3% price reduction. How is that for a "less risk" investment? Bitcoin shows almost +400% growth, while EOS is +/- on the same level.

I do not follow this coin very well because at first I did not like their payment system or had to buy an account or address to start using DApps. Unlike Bitcoin and other top altcoins that are easy to use so for me, EOS is a bit complicated. But I have tried before to have an EOS account that is free when I play a game based on their network.

oemar bakrie

full member

Activity: 1260

Merit: 100

SOL.BIOKRIPT.COM

The main solution is to start investing in tokens that have been listed in any market..
besides looking for a safe point that as you say, reducing the loss of time and funds is the most important..

bakasabo

legendary

Activity: 2436

Merit: 1207

Quote from: ?? on ??

I believe that all new and experienced users find ourselves better off, with less risk using only the first 10 or 20 altcoins from the coingecko or coinmarketcap ranking

What can you say about EOS ? This altcoin is on the 19 place both on coingecko or coinmarketcap. The reason I've pointed on EOS is because I've been a holder for a long time. While everything grows up, during 1 year EOS price barely changed. This morning it was +2% growth, now cmc shows -3% price reduction. How is that for a "less risk" investment? Bitcoin shows almost +400% growth, while EOS is +/- on the same level.

CashbackLover

member

Activity: 196

Merit: 15

Sovryn - Brings DeFi to Bitcoin

Quote from: Bitcoinislife09 on February 16, 2021, 01:14:39 PM

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

I disagree with that for long-term investment if I have the capital to invest in cryptocurrency the safest investment that you could go to is bitcoin. There is no assurance when it comes to other coins and mostly some of the altcoins are just a clone of bitcoin. A lot of companies are interested in bitcoin that would guarantee that the market price of bitcoin will skyrocket in the future compared to other altcoins in the market. And bitcoin is the number one and leading cryptocurrency and compared to another token that is mostly just for short term investment I think bitcoin is the most worth it on your investment.

As if Bitcoin is the only crypto coin that's surging lately, Ethereum was once 150$ months back and it's now 1800$+, look at Chainlink, BNB, DOT, Avalanche, they are bringing lots of profits for investors, I know nothing comes close to bitcoin but there is much more one can make from altcoins as well

Bitcoinislife09

full member

Activity: 1028

Merit: 144

Diamond Hands 💎HODL

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

I disagree with that for long-term investment if I have the capital to invest in cryptocurrency the safest investment that you could go to is bitcoin. There is no assurance when it comes to other coins and mostly some of the altcoins are just a clone of bitcoin. A lot of companies are interested in bitcoin that would guarantee that the market price of bitcoin will skyrocket in the future compared to other altcoins in the market. And bitcoin is the number one and leading cryptocurrency and compared to another token that is mostly just for short term investment I think bitcoin is the most worth it on your investment.

ningrum

full member

Activity: 1610

Merit: 103

The OGz Club

Quote from: kaka manteng on February 16, 2021, 12:15:46 PM

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

In order to avoid risk for beginners who trade, I think what this statement says is true. of several factors that cause risk in trading due to a lack of understanding of Analyzing the Market, and it is experienced by many beginners who buy and sell without understanding market movements

I think it's not just a problem experienced by beginners because there are also people who have been in cryptocurrency for a long time but don't understand market analysis yet,
what is certain is that it is an important thing without analyzing our market cannot develop and it is difficult to get profit,
I hope something like this will make people realize that it is an important thing too

kaka manteng

full member

Activity: 714

Merit: 100

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

In order to avoid risk for beginners who trade, I think what this statement says is true. of several factors that cause risk in trading due to a lack of understanding of Analyzing the Market, and it is experienced by many beginners who buy and sell without understanding market movements

NextDoor125

member

Activity: 153

Merit: 10

I agree with you. Newbies to the crypto market are more possibility to lose if they do not invest in top crypto. So if you invest in top crypto (those already established) then at least the chances of loss are much less.sometimes new coins give a much greater sense of profit, but sometimes it's like a trap, due to unexpected fluctuations. everyone should know about some common knowledge. So I'm telling all the newbies to invest in Bitcoin, Ethereum,XRP, or BNB.

mdzahed134

sr. member

Activity: 2128

Merit: 259

SOL.BIOKRIPT.COM

Quote from: newdevices on December 25, 2020, 07:20:31 PM

false statement, not safe, but rather a little inconvenient, you see, if you buy XRP,
we know Ripple is in the top altcoin list, shouldn't XRP be a safe investment ?, it should be, according to the statement,
but XRP is experiencing a 50% dump and making investors afraid, especially when bad news of XRP has spread a lot,
Bitstamp and Coinbase are reportedly going to stop deposits and withdrawals for XRP. do the analysis first before investing in top altcoins or other altcoins

Investment aren’t 100% safe in cryptocurrency because it’s volatile platform. Top altcoins comparatively safer from new coins, Do you agree it? XRP delisted from many major exchanges so what it didn't have such a huge impact in the market. Coinbase still supported XRP i saw. Newbies can't analysis about new coins so if they wanted to invest then definitely top altcoins are recommended.

lousie9

sr. member

Activity: 1680

Merit: 263

Quote from: zaim7413 on February 16, 2021, 02:34:10 AM

Quote from: kak uli on February 16, 2021, 02:06:23 AM

finding out information or knowledge about investing is also the most basic thing that beginners must do to become a great investor in the future, I don't think all altcoins can make beginners safer in trading if they have excessive panic. if so, until whenever a trader will be afraid of losses.

Everyone is clearly afraid of losing both in investment and trading, just to avoid a loss there is clearly a way and knowledge, this is what everyone should always learn in carrying out every investment and trade in crypto.

Science alone is not enough, as the man above explained, about panic. it's one of the actions that most new traders and maybe even old traders have also made that mistake, including me. but it cannot be denied because we want to invest and get good profits. But if the market conditions are unfavorable / the coin doesn't have a price update, it's natural for people to panic and sell at a loss.

babykika2027

full member

Activity: 715

Merit: 101

ANYONE are safer with top alts. Yes, somebody are searching for x10 gems but there are few of them and tons of going to zero shitcoins

zaim7413

sr. member

Activity: 1274

Merit: 337

Enterapp Pre-Sale Live

Quote from: kak uli on February 16, 2021, 02:06:23 AM

finding out information or knowledge about investing is also the most basic thing that beginners must do to become a great investor in the future, I don't think all altcoins can make beginners safer in trading if they have excessive panic. if so, until whenever a trader will be afraid of losses.

Everyone is clearly afraid of losing both in investment and trading, just to avoid a loss there is clearly a way and knowledge, this is what everyone should always learn in carrying out every investment and trade in crypto.

ringgo96

sr. member

Activity: 1582

Merit: 279

It is wise to say that the top altcoins are recommended to invest in. we all also see that nowadays so many people are making their "Safe" investments in altcoins at the top. with a large nominal portion we certainly don't want to take high risks against new altcoins. I do not recommend low-trading altcoins and am also in the development stage. Therefore we are just betting whether it will be successful or not. more clearly we invest in what we already believe and use every day

kak uli

full member

Activity: 1246

Merit: 103

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

finding out information or knowledge about investing is also the most basic thing that beginners must do to become a great investor in the future, I don't think all altcoins can make beginners safer in trading if they have excessive panic. if so, until whenever a trader will be afraid of losses.

marilynmanson21

hero member

Activity: 1260

Merit: 510

Quote from: Jocuserious on February 15, 2021, 03:40:36 PM

If a new investor doing investing in a new project without analysis then this target can't successful profitable. Otherwise if a new user invest in top altcoins then there assets will be safe.

Not only is it safe, but the coin price movement is healthier and the profit that you get is likely to be stable. Investing in coins that have little liquidity is a bad choice, because coins like these are unstable in price and often go up and down very steeply, if you go up you might be happy because you get a lot of profit, but if you go down you can lose more than 50% of your funds.

moon sorcerers

full member

Activity: 700

Merit: 100

Sovryn - 300-500% APY on USDT Deposit

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, you're right. However, it is also not just believing in altcoins, we ourselves need to find information about the project so that it is supported by fundamentals, it can be the first step for newbies to Cryptocurrency investment.

Willitivity

sr. member

Activity: 1190

Merit: 256

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

Have seen so many newbies doing the opposite of this, and each time they always end up losing some part of their capital or the entire funds, acquiring knowledge about crypto investments is divine because it helps you to be able to differentiate between a project with a realistic potential and a project with no utility (probably made by scammers), but it's sad that newbies don't want to learn the basics of investing rather they are more interested in making quick profits, which they eventually end up investing in a lame project or in the hands of scammers out there.

Jocuserious

sr. member

Activity: 1936

Merit: 290

You are very true because newbie new in the crypto market and they have less knowledge about crypto. They should invest in top altcoins then it can be safe step. If a new investor doing investing in a new project without analysis then this target can't successful profitable. Otherwise if a new user invest in top altcoins then there assets will be safe.

Topic: Newbies are safer with top altcoins - page 4. (Read 5281 times)