actually not only top altcoins for beginner's choice, we have to do an understanding of which coins to trade, because not all top coins are easily traded, but I agree to avoid many scams it is better to choose top coins because many people already trade and invest.
OP was referring to newbies so top coins would definitely come in mind since they don't know much about crypto otherwise there is someone who is teaching him/her learning the basic and will eventually learn how to do basic trading, investing in a token sale and other things that an average crypto enthusiasts usually do.
Topic: Newbies are safer with top altcoins - page 8. (Read 5281 times)
actually not only top altcoins for beginner's choice, we have to do an understanding of which coins to trade, because not all top coins are easily traded, but I agree to avoid many scams it is better to choose top coins because many people already trade and invest.
OP was referring to newbies so top coins would definitely come in mind since they don't know much about crypto otherwise there is someone who is teaching him/her learning the basic and will eventually learn how to do basic trading, investing in a token sale and other things that an average crypto enthusiasts usually do.actually not only top altcoins for beginner's choice, we have to do an understanding of which coins to trade, because not all top coins are easily traded, but I agree to avoid many scams it is better to choose top coins because many people already trade and invest.
OP was referring to newbies so top coins would definitely come in mind since they don't know much about crypto otherwise there is someone who is teaching him/her learning the basic and will eventually learn how to do basic trading, investing in a token sale and other things that an average crypto enthusiasts usually do.
Not really because all of coins are volatile. Still chosing or investing in altcoins are risky. The only key to successful investment is to know when to buy, to sell and to hold.
Usually the best time to buy crypto is when market is crashing. I have observed some that are buying when market has 3k usd per btc to which other crypto were being affected as well. Now, if all those who had invested in btc will going to sell then pretty sure it almost 3x profit for it. This is why to those who wanted to risk and invest in bitcoin it would be a good practice to buy when market is low.
Usually the best time to buy crypto is when market is crashing. I have observed some that are buying when market has 3k usd per btc to which other crypto were being affected as well. Now, if all those who had invested in btc will going to sell then pretty sure it almost 3x profit for it. This is why to those who wanted to risk and invest in bitcoin it would be a good practice to buy when market is low.
I recommend them to invest in long-standing and reliable altcoins such as bnb eth xrp. Since they have just met the cryptocurrency world, they will likely lose money in new altcoins.
Old coins are always the best to actually invest, even though they are rarely to make any movement. Things like Ripple, BNB and ETH are an exception where they could make the price move. Look at BNB yesterday, it was pumped for more than 20% in 24h which is insane considering the price is really high. 
If newbies want to store their money and earn a little profit in the future then buying top currencies is their best option aside from stable currencies. But newbies
should make sure first that they will not be afraid when the times that their portfolio will fall as it is how the market works.
It will be good if they will believe on what they like to hold and make sure that they have patience and can hold their portfolio in a long term one so they can surely
profit once the bull season will happen.
should make sure first that they will not be afraid when the times that their portfolio will fall as it is how the market works.
It will be good if they will believe on what they like to hold and make sure that they have patience and can hold their portfolio in a long term one so they can surely
profit once the bull season will happen.
I recommend them to invest in long-standing and reliable altcoins such as bnb eth xrp. Since they have just met the cryptocurrency world, they will likely lose money in new altcoins.
It is very appropriate for the recommended selection, because the new token or coin has a risk that it will not really be known, whether it has a large potential or vice versa because I know that it is very difficult to predict. so it's best to choose top tokens or coins to start the job for beginners ..
New investors should invest in top altcoins but shouldn't stop following the new listed coin in coinmarketcap. My advice is few:Don't invest in coins new before correction time
Don't hold new coins for a long time
Buy new coins from the top exchange
and take profits don't be so greedy.
The newbies in a safer top altcons. We can say that because in every step of their way has guidelines they are try to do at the same time they have a choosing paths. Evey single works have particular guidance for their additional knowledge.
What newbies should do is to gain knowledge first. Thats the way to better understand each coin, their uses and development.We often advice to invest in top altcoins (which is wise for newbies since it is trusted already) but its fine to explore and discover other coins that is worthy to buy and hold.
It is highly recommended for the beginners to go to the top altcoins because we know the capability of the coins there is not easy dump because of the strong foundation unlike to the low rank their support is very weak but not all the time they need to stick to the high rank because there is a time they need to explore and make a risk just like investing to the lower rank so they gonna earn a lot of money if the coin they have is a promising coin that they lean form them to become rich. Knowledge of the newbie is not just like us we are here to guide them and tell them what they avoid so they don't do wrong thing.
I am sure that beginners who invest in new altcoins or take their investment opinions from people with little experience will lose their money and soon they will exit the cryptocurrency market while they are losing hope, so they should start investing in top altcoins in order not to leave the market quickly, They must learn analysis and gain experience in order to be able to identify the promising token and invest it without huge losses.
Yes I think newbies are far better and safer with top coins beginning with Bitcoin because it will make them have a broader mind towards knowing the good coins from the bad. Starting with top coins, they won't fall for scammers, chase hype projects nor invest in pump and dump coins but rather they will be able to build and develop their understanding about different coins. Hence when they have learnt all these neccessary things, they will be able to conduct research on new projects thus banking on previous knowledge acquired from top coins, they will be able to chose wisely as well as making the correct investment decisions.
Of course, it is much safer for beginners to work with top altcoins, but the opportunity to earn decent money on them is much lower than on altcoins that are outside the top. But here you have to make a choice of the degree of risk and your skills.
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
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
There's no problem if an individual seeks more knowledge, Infact it is very important for an individual to seek knowledge in the crypto currency space before going further to investing in crypto currency
But, saying newbies are safe with top altcoins is a bad statement. Either a newbie ot or a professional, you are never safe with any coin if you don't complete your due diligence.
For example, trx is a top altcoin, but it has dumped from 0.04-0.02$, do you accept that if for any reason you have refused to take profit, you are already at loss?
Also, do you see the low price noticed in uni, from 5-3$, note this, crypto currency trading and investment is all about taking profits, never lose out an opportunity to take profit.
Always dyor
A top altcoin is a rather subjective term. If you are talking about top coins based on rankings here is an example.
In December 2017, IOTA was ranked 6th and valued at over $5. https://coinmarketcap.com/historical/20171219/
Today they are #25 and valued $0.17.
What you would consider top today can change quickly.
In December 2017, IOTA was ranked 6th and valued at over $5. https://coinmarketcap.com/historical/20171219/
Today they are #25 and valued $0.17.
What you would consider top today can change quickly.
That is very true, we never know what will happen in the next few years. One may be at the top and then after two or three years then it will now be at the bottom of the top list and the value of the said coin will now be lower. Pity those who bought IOTA during the time when it was at the top. If you were able to sell it with a small profit during its good times then good for you. If you are the investor type then good luck with getting your capital back.
with customs on new normal as pupils to live as more with the occupation of online communication medium, the different feature might be in offer from developer as they might gives option to work on crypto with reference of normal tasks and pupils might gains of benefit on application as fine as the function to match with daily casuals of business.
yes,The main problem is often beginners choose shitcoins without knowing anything & it's because they want to make quick profits, that's the reason they experience losses. Buying top altcoins will be a good choice to minimize the risk of investment losses.
Thats called gambling, not investment.And with experience comes knowledge - its not a good way to approach crypto, that knowledge comes with a price too.
actually not only top altcoins for beginner's choice, we have to do an understanding of which coins to trade, because not all top coins are easily traded, but I agree to avoid many scams it is better to choose top coins because many people already trade and invest.
Cryptocurrency has a lot of new risen token or crypto token but if i were ask i wouldn't be feel confident with the new risen one. But to be honest as a newbie here in cryptocurrency i bet it is hard to get your own kind of token most especially if it was a top altcoins. And yes top altcoins i guess was a safest investment for a newbies since it has already a good credibility when it comes to market value and its credibility when it comes to trading.
actually not only top altcoins for beginner's choice, we have to do an understanding of which coins to trade, because not all top coins are easily traded, but I agree to avoid many scams it is better to choose top coins because many people already trade and invest.
It is very appropriate for the recommended selection, because the new token or coin has a risk that it will not really be known, whether it has a large potential or vice versa because I know that it is very difficult to predict. so it's best to choose top tokens or coins to start the job for beginners ..
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