- If you are fresh investor and don't have much idea about crypto and it's trading than just buy coin with high marketcap which will have low risk of loss.
- if you want to try than you can check your luck with day trading
- Invest in multiple ico as long term investment.
- Never buy any MLM based coin like onecoin And never invest in any hyip Ponzi.
Some of this is great advice! The two things I wouldn't agree with are:
(1) investing in multiple ICOs; Most ICOs will fail
(2) making buying decisions based on market capitalization. There's no correlation between market capitalization and performance.
Bitcoin has ~17m coins available, currently priced at $14,000, which equals a market capitalization of $238 Billion.
Another lesser known coin could have a $300 Billion market capitalization but have 100 billion coins available and a coin price of $3. Does that make the lesser known coin more valuable or a better investment opportunity? No.
And technically, market capitalization is a figure representing all the value a new investor has missed over the last months or years. A lower market cap would potentially represent better upside potential of any investment. E.g., there's enough demand in the market to push Bitcoin to $238 B. If you believe another coin could reach the same level of adoption you should choose one with a Market cap that is lower than $238 B, because that means the price per coin is less than Bitcoin or the coin has fewer available (i.e., lower supply, more scarce)?