What do you think is the most promising coin right now for investment?
Ethereum and BNB. By having those two coins plus bitcoin, I think that is enough for you to make a profit in the future, especially if the market situation can change into a bull market. You do not have to invest in the other coins besides those two coins because I think those two coins are good to invest in. But in the crypto market, there is always a surprise to see one or more altcoins can increase because those coins have good progress so people see that project is promising. But be carefully selecting the coin because we never know which altcoin can survive.
For current market conditions, only ETH and BNB are the safest to buy, because they both have a trusted development team. So it is impossible
for the development team of the two altcoins to destroy their reputation that has been built in the long term. Therefore ETH and BNB will recover
if Bitcoin price starts to bullish, but in a bad market condition like now we still shouldn't forget to invest in Bitcoin too. Because Bitcoin is indeed
the safest coin to buy when the market crashes. So the capital we have can be used to buy 50% Bitcoin, and 50% can be bought altcoins.
But remember after buying BTC, ETH and BNB we have to hold the three coins until the market returns to a bullish trend. But if it turns out that
the price is falling, we must not panic and must remain patient holding the coins. Because after all, we really can't expect instant profits when
investing in crypto, it takes patience to wait for the market to be bullish and after that we can take profit.
The market is still in bad shape and what happened to luna taught us a big lesson, not every potential coin or top 10 on CMC is safe, will recover when the bull market comes and make a profit.
After Luna's crash, I mostly only believe in bitcoin, ethereum and bnb, even though the market dropped a lot but I only dared to buy the 3 coins I mentioned. All the rest are now very cheap compared to the original ATH but I can't risk buying them.
What happened to LUNA was indeed very shocking and I never thought that LUNA could be like this now. Though I think LUNA will be a very good
long term project, even one month ago LUNA managed to reach the price of $119, but now the price of LUNA is under $1. It was very sad for LUNA
who was in the top 10 coins before, but now LUNA ranking on coinmarketcap has dropped drastically. But like you said we can learn from what
happened to LUNA, we must be more careful in choosing coins for investment. Do research and analysis before deciding to buy coins for investment,
even though the coins are potential and are in the top 10, it does not guarantee that it is safe for investment. The risk of investing in altcoins is
very high, so in addition to choosing the right coins, make sure we also invest using money that we can afford to lose, so that when we experience
losses we do not experience a very bad impact and we can move on more quickly. No wonder you decided to invest in Bitcoin, Ethereum and BNB
for now like I did too, because based on my research and analysis, the three coins are indeed the safest for investment in market conditions like now.