Bitcoin Forum

Hi there,

Starting to trade with crypto. Read post and details.
But for starters, which token is best to buy for a definite nooby?


Appreciate your help. and also this is for others who have the same questions
(more questions to come)

It depends on what strategy you are going to use.
Are you going to do short trading or you are planning to hold?

Also, for a beginning I would recommend you buy coins/tokens in at least the top 20 of the coinmarketcap (https://coinmarketcap.com/). Most of them at least have much fluidity in exchanges and notable trade volumes.

Avoid bitcoin forks at all costs - There is only one bitcoin.

none of them.

in order to become successful in a market you must first be able to make this seemingly simple decision on your own instead of asking others. so if you can't decide which token to buy (or even if you should bother with "tokens") then it is not a good idea for you to enter the market.

First thing first own some bitcoin, they're in limited supply (only 21million) and there won't be another bitcoin in future. All those token you'll get as suggestion will someday get replace by better competitors or can run out of business in the next second but there'll be no cryptocurrency without bitcoin.

Therefore as a newbie before you draft out strategy or budget to buy any token (shitcoin) first buy some Satoshi.

you can buy the coin with already popular brand and available on most exchanges such as bitcoin or ethereum. Avoid small cap coins on small exchanges because the risk of pump and dump.

Perhaps popular is understatement nor isn't a good one, it sounds more like a hype for me. Just use the word trusted and established.
So yeah buy bitcoin and eth and don't buy those hype coins whereas you'll regret it afterwards. Don't believe on their empty promises.

And as a beginner, don't pursue trading, just hold it like mid to long term, as what they say, zero profit is better than losses. ;)

Take bitcoin's first.

And after taking that, observe the price swings. Believe me it will give you an idea on how the market shakes.

There is no such thing as "token for nooby". You invest in the projects you actually not understand, not on the projects that random people on the internet told you to.

Scratch that. Regardless if BTC and ETH are on the top or not, don't invest in them either if you don't know what they're used for. If you're not planning on doing research, investing is not for you.

I think for a newbie to earn money is to follow the signals of others till you gain knowledge about trading. And if you just want to invest and sit back for years to wait for your profit then you can go for the coin which is having the working product and is in well use in today's market.

You have to check or study the coin first, specially bitcoin.. but most of the newbies they are buying bitcoin..

Tokens is only an alternative digital asset and the perception of "best tokens" is only a reference for how everyone decides to buy the tokens. Because everyone has the freedom to manage their own finances, whether they lose or profit. maybe, you just think that tokens is a more economical digital asset when compared to the mayor digital assets and I can't deny that but you must be prepared to face risks that might be beyond your reasoning.

Bitcoin. Seriously. Because you can't go wrong with the gold standard of cryptocurrency.

The thing is though you have to understand what your objectives are and what you want to get out of it.

If it's purely for fun and you treat it as a gamble, I advise go for one of the very cheap payment currencies. Litecoin is the best. You can buy a dollar's worth and spend it, for fun.

But Bitcoin works for all scenarios. Gamble? Speculate? Invest? Learn? Bitcoin can be bought for a dollar, and can be used in so many cases and can be tested out by almost anyone. Even a bitcoin faucet just for a few satoshi!

Definitely don't do this. Following these sort of "signals" is most likely going to end up disastrous for you. Spend some time learning, THEN you trade. Don't rush things as we're talking about money being at risk here.

I really don't suggest this. Though bitcoin is the safest investment among most if not all cryptocurrencies, I'd still suggest against buying it if you don't know anything much about it. People buying bitcoin just because "moon" and "lambo" are mostly the ones who end up losing their funds through an exchange hack.

that is a common mistake most people make about altcoins! being popular "brand" and being on top of the lists doesn't make the coin good or even profitable. there are lots of much better coins that aren't that popular. in fact popularity of an altcoin mostly means it is a bigger pump and dump.
as for market cap, it is so arbitrary that it is meaningless. the first thing that having a high market capitalization shows is that the said altcoin has a huge circulating supply with a big percentage of premine. take the biggest altcoins ETH and XRP, both of them have huge  supplies and both have huge premines (70% and 100%) and big part of those coins are in control of their centralized power.

Actually theres no master here in choosing the exact coin to profit more to begin with. Its just a matter of experience instead to lessen somehow on the corresponding losses if ever you lose. Even I cant guarantee you a right token too in this long bearish situation of market  but in my suggestion you better aim for top 10 coins in CMC at least to be safe and avoid fudd coins also.

People who are very serious about cryptocurrency trading definitely they will invest in Bitcoin firstly because people who are new are entering into the market watching how potential Bitcoin is going to be. My suggestion for a new trader it is very good to invest in Bitcoin instead of investing in the other coins. After investing, it is better to start researching another potential in the market it will help you to boost your knowledge, instead of asking here research on your own.

It depends on the kind of trade you want to start in crypto, do you want to start a trade where you can make quick profit daily or you are just looking for a coin with potential that will give a good profit in the future.

If you are looking for coins to hodl, then I would advise you start with the purchase of bitcoin and ethereum then you can of other coin to buy but if you want to make quick daily profit, then it is better to go to an expert to teach you how daily trading works and how to make profit from it.

Because you are a newbie who is really decided to go into cryptocurrency investment you have to try out buying coins first which are in the top 10 ranks in coinmarketcap. Hold your coin before doing anything or trading them until you learned and have already armed with the knowledge of cryptocurrency trading of at least basic chart reading. If you can do that, you can decide for yourself to go and observe the movement of your coins in the market. If you still in doubt to try, don't go because you might end up frustrated. Good luck!

Put 75% of your funds into coins that are in the top 20 of coinmarketcap. This is the safest way to ensure you don't lose much. The other 25% you can go for riskier investments after doing a lot of research. You will lose money without a doubt but minimise those losses and learn from those mistakes.

If we are talking about newcomers, then a new person in the cryptocurrency market should focus only on the highest rated coins. Until he learns to analyze the available information about various projects. Nevertheless, the state of the cryptocurrency market. Even a professional is very difficult to navigate in order to select the most promising project.

Bitforex is an exchange which engages in nefarious fraud practices to take advantage of unsuspecting crypto projects wanting to list on the exchange and consumers wanting to trade. Projects should avoid listing on this exchange unless they want to lose their funds.

https://medium.com/@sallyalexon/bitforex-the-biggest-wash-trading-exchange-in-the-world-8245e9ca910a

why do you have to Token? I recommend coins more than tokens because there are so many tokens that it's not clear that you better choose a coin that is clear, I recommend a Coin that is in the Big 10 according to CMC

If you ask for my opinion.
I would recommend faireum.io

It is best for you to get the ones on the top. Because, if your knowledge is low, you can not make the right choice among others, and that will cause you to lose your money. The right time to get while prices are so cheap.

Exactly, instead of looking for some token its better to invest on top coins which is safe for every newbies. We should always put our money on the safest place, and good coins. If you want to have profit, then learn more and don’t invest to a project that is useless because it will not last longer.

Well
Welcome to this world
And , u mean token right ?
For now , i just suggested buying a BNB
Just go to binance, and buy a lot of that.
And believe me, in the name of anything on this world
U will get the first ur profit .

I will go for Ethereum. Its much cheaper now. Before , I've been trading on btc pairs but withdrawal fees of btc was too much! Ethereum withdrawal fee is much cheaper. I also trade on btc pairs but I convert it to ethereum before withdrawing.

For beginners of course doing TA is a must which is to atleast you can obtain specific potential of the coin you want to invest.  So educate your self first,  and make a search so that you can build a strategy on your own as well.  And also avoid being greedy because that's the most important . Just invest what amount you can afford to lose to prevent regrets at the end.

wanting to buy tokens and altcoins in general as a beginner/newbie is like wanting to participate in Olympics swimming team and compete with them while you don't even know how to swim! obviously you will drown just as you will metaphorically "drown" in the altcoin market if you jump in like that.

what you need to do is first start trading bitcoin and learn how things work in a more logical market with very little manipulation then start analyzing the altcoin market and see the level of manipulation in there. and after at least a couple of months of testing the waters you can go in and try your luck with the heavily manipulated tokens.

If me new in crypto trading, maybe my friends will suggest me to buy coins and not tokens. Because tokens will a lot speculation and it is dangerous for newbies. I mean i afraid if people loss in their first trading and not want to come back.

If you don't know what token to buy the simply don't buy it.Just buy the crypto currencies which is top ranked on coinmarket cap the simply hold it.

you should first clarify how beginner are you and how familiar are you with the altcoin market first and then decide whether you should even choose any of the coins that exist out there or not.

if your familiarity and experience in this market is minimal then you should not enter it at any cost. first gain the experience then throw away your money!