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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: BlackBoss_ on December 21, 2022, 05:16:14 AM



Title: Don't buy altcoins because they are top altcoins
Post by: BlackBoss_ on December 21, 2022, 05:16:14 AM
Top coins changes since 2013 to 2022

Coinmarketcap Cryptocurrency Historical Data Snapshot (https://coinmarketcap.com/historical/)

Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.

If you buy altcoins, please don't buy them because they're top coins.

Since 2013, only Bitcoin, Litecoin and Ripple are there till 2022.
Since 2016, Ethereum is always there.
Since 2018, Binance BNB is always there.

Binance looks good with BNB and BUSD. Binance BNB ranked 16th in 2018 and Binance USD ranked at a same position in 2021. Now BNB is at 4th and BUSD is at 6th.
https://i.ibb.co/YXFZrTn/BB-1.png (https://ibb.co/RNky54r)
https://i.ibb.co/7R4NBmq/BB-2.png (https://ibb.co/Sdr7HCz)
https://i.ibb.co/gdKx7Wc/BB-3.png (https://ibb.co/RNwqS6J)
https://i.ibb.co/HpV7V3g/BB-4.png (https://ibb.co/x8DhDd5)
https://i.ibb.co/VWtJQvh/BB-5.png (https://ibb.co/XZbj3zd)
https://i.ibb.co/DVwWvnQ/BB-6.png (https://ibb.co/dWkMVyD)
https://i.ibb.co/mtkbrxK/BB-7.png (https://ibb.co/K7dbc1g)
https://i.ibb.co/Ng0T2Gm/BB-8.png (https://ibb.co/RGXjTJB)
https://i.ibb.co/MfhCdKr/BB-9.png (https://ibb.co/7Qz1hBP)
https://i.ibb.co/vLJQN56/BBn.png (https://ibb.co/KV9LtZp)

For not top altcoins, it is more horrible.
How Many Cryptocurrencies have Failed? (https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed). You would be shocked by this infographic.


Is hodling top 10 Marketcap coins a good tactic? (https://bitcointalk.org/index.php?topic=5418571.msg61196924#msg61196924)
https://i.ibb.co/5xS1dsC/hold1.png (https://ibb.co/k6wGpqz)
[img width=500https://i.ibb.co/YWxbQxJ/hold2.png[/img]http:// (https://ibb.co/W3Ls5L7)
https://i.ibb.co/C0QLbY6/hold3.png (https://ibb.co/12TcrPM)
https://i.ibb.co/ZSWvHHD/hold4.png (https://ibb.co/zFGC88v)
https://i.ibb.co/VMHX3Qj/hold5.png (https://ibb.co/BT48wrz)


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Queentoshi on December 21, 2022, 06:55:54 AM
If you buy altcoins, please don't buy them because they're top coins.
The top position was not meant for any coin in particular. The reason bitcoins are still on top is because realize their importance and how solid the project is, that's why it has remained on top. Don't buy altcoins because they are on top or simply because everyone is talking about them, before you choose to buy any altcoin, follow the advice that is usually given here by the more experienced persons in our midst that you should always do your research and decide for yourself if you are willing to risk it or not.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: _act_ on December 21, 2022, 08:45:21 AM
It would have been better if the advice is to never buy altcoins at all, that is just it. If you do not buy the altcoins at the top if using market capitalization for it, buying those with lower marketcap, there is still possibility that the coin may be shit coin. What I know is that some coins took over the top ones except for bitcoin and ether, but the coins still increased in price.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Crypt0Gore on December 21, 2022, 09:24:01 AM
Coins like, Peercoin, Namecoin, Feathercoin, World coin, and Novacoin are all the best shitcoins of their time, you can't use them to compare with Polygon Matic and Cardano, real use case and better adoption is what keeps coins at the top ranks that's why BNB and ETH will always be on top 10.




Title: Re: Don't buy altcoins because they are top altcoins
Post by: $crypto$ on December 21, 2022, 10:54:06 AM
Coins like, Peercoin, Namecoin, Feathercoin, World coin, and Novacoin are all the best shitcoins of their time, you can't use them to compare with Polygon Matic and Cardano, real use case and better adoption is what keeps coins at the top ranks that's why BNB and ETH will always be on top 10.
It's the same whether Matic or Cardano altcoins are not the right ones to buy even though they have real use their adoption is not that big except for bitcoin so now maybe they can be in big capitalists while altcoins always appear and are shifted to new coins but not with bitcoin still in the first until now.

So it's everyone's choice that each altcoin will always fall into the same hole, I don't think about any altcoins except bitcoin that I have in my portfolio.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: sulendra12 on December 21, 2022, 11:39:31 AM
Coins like, Peercoin, Namecoin,
That coin was really something back in the day. You could literally had gotten decent amount of those coins by doing just faucet and the price was pretty "okay" despite mostly got it from faucets.

Feathercoin, World coin, and Novacoin are all the best shitcoins of their time, you can't use them to compare with Polygon Matic and Cardano, real use case and better adoption is what keeps coins at the top ranks that's why BNB and ETH will always be on top 10.
Mostly the ranks based from the volume and how well those coins/tokens traded in time span of time. So it's not depends on if they use real case or adoption at all. It's based around the value.
That's why if you want to invest your money into current altcoins, don't blatantly invest into top coins without any research at all. Things that are good today might be worse at later date.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: d3nz on December 21, 2022, 02:25:43 PM
That's how the market flows, they can't make it up since they lack development and usually, those altcoins are able to make it to the top 10 because of hype. And, as of now, we look into the purpose of each altcoin and how it can help the cryptocurrency world and make the transaction much faster and easier to use.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: fzkto on December 21, 2022, 02:54:05 PM
Coins like, Peercoin, Namecoin, Feathercoin, World coin, and Novacoin are all the best shitcoins of their time, you can't use them to compare with Polygon Matic and Cardano, real use case and better adoption is what keeps coins at the top ranks that's why BNB and ETH will always be on top 10.
It's the same whether Matic or Cardano altcoins are not the right ones to buy even though they have real use their adoption is not that big except for bitcoin so now maybe they can be in big capitalists while altcoins always appear and are shifted to new coins but not with bitcoin still in the first until now.

So it's everyone's choice that each altcoin will always fall into the same hole, I don't think about any altcoins except bitcoin that I have in my portfolio.
So far, Ripple and Litecoin have held their own in the top-10-20 spot. You could probably add DOGE here. You might get lucky if you guess the right altcoin. For example someone was able to make money buying ATOM or Cardano. Bitcoin is of course much safer than altcoins. But these are cryptocurrencies, and there are still high risks.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Sterbens on December 21, 2022, 03:01:00 PM
That's how the market flows, they can't make it up since they lack development and usually, those altcoins are able to make it to the top 10 because of hype. And, as of now, we look into the purpose of each altcoin and how it can help the cryptocurrency world and make the transaction much faster and easier to use.
This is actually the point of how far altcoins will survive amidst the onslaught of new projects that offer many advantages. And we're always going to see a shift in the direction where the top-ranking altcoins are sliding over each other. Hype is indeed one of the places where altcoins can penetrate the high market, but it is not uncommon for them to return to their original state after the hype for them has ended or even until they are no longer heard of the coin's existence. There are also those who use the hype as a first step for them to stay at the top of the list.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: fuguebtc on December 21, 2022, 03:11:18 PM
It would have been better if the advice is to never buy altcoins at all, that is just it. If you do not buy the altcoins at the top if using market capitalization for it, buying those with lower marketcap, there is still possibility that the coin may be shit coin. What I know is that some coins took over the top ones except for bitcoin and ether, but the coins still increased in price.

I will agree with the OP that it is not advisable to buy top altcoins, as many of them will be replaced after each bear season ends. Investing in altcoins takes more experience and knowledge, don't just follow everyone's advice to buy the top 10 or 5 altcoins, it's a common mistake.

But I disagree with your opinion, never buy altcoins, altcoins still have the potential to bring even bigger profits than bitcoin. Investing in it, as I also said, takes knowledge to choose an altcoin that can make a profit. Investing in altcoins is not for the risk-averse, so if you don't like risk, then don't invest in altcoins.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: el kaka22 on December 21, 2022, 03:21:51 PM
I still can't believe that Namecoin went as long as it did in the top 20 levels. For those, who do not know what namecoin was, it was a project where you could mine bitcoin and namecoin at the same time. You could't mine ripple because it was just two guys printing it out of thin air and saying it has a worth, still a shitcoin and was a shitcoin back then, and couldn't mine litecoin that way neither.

But since early days, I guess around 2010 and onwards up until 2016 or so Namecoin stayed relevant as much as it can, by simply being a coin you could mine at the same time as bitcoin, it offered absolutely nothing else and I still have a few, just for nostalgic reasons, consider it like antique shopping.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: seoincorporation on December 21, 2022, 03:36:00 PM
Investing in altcoins is about knowing how to ride the wave, and is the best way to multiply your Bitcoins, but no one says it would be easy, users need to buy when the price is low and sell when the price is high, and to do this we need to follow the market signals and the media news for relevant events. For example, if we see in the news that Elon decides to incorporate Dogecoin to Twitter, then is time to buy doge because it will bump.

Buying Altcoins and hold for a long period is really risky, and personally, I don't recommend it. But remember, high risk can bring high profit.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Jackl87 on December 21, 2022, 03:55:00 PM
Top coins changes since 2013 to 2022
Coinmarketcap Cryptocurrency Historical Data Snapshot (https://coinmarketcap.com/historical/)
Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.

I agree with you here. I still remember back in 2017 when i made my first steps in the crypto space i think that both IOTA and also Waves were in the top 20 or even in the top 10 in terms of total market cap and look at where they are now. IOTA is at rank 68 and Waves is even lower ranked with 125. So i also think that the current ranking in terms of marketcap does not automatically mean that those projects will also be among the big gainers once the next bullrun starts. I mean obviously those projects already did a x100 at least in most cases or they would not be in the top places. That being said, i still think that if you are only owning small cap projects at the moment then now is a good time to get at least a few established projects into your portfolio.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: klidex on December 21, 2022, 04:05:00 PM
Coins like, Peercoin, Namecoin, Feathercoin, World coin, and Novacoin are all the best shitcoins of their time, you can't use them to compare with Polygon Matic and Cardano, real use case and better adoption is what keeps coins at the top ranks that's why BNB and ETH will always be on top 10.
It's the same whether Matic or Cardano altcoins are not the right ones to buy even though they have real use their adoption is not that big except for bitcoin so now maybe they can be in big capitalists while altcoins always appear and are shifted to new coins but not with bitcoin still in the first until now.

So it's everyone's choice that each altcoin will always fall into the same hole, I don't think about any altcoins except bitcoin that I have in my portfolio.
So far, Ripple and Litecoin have held their own in the top-10-20 spot. You could probably add DOGE here. You might get lucky if you guess the right altcoin. For example someone was able to make money buying ATOM or Cardano. Bitcoin is of course much safer than altcoins. But these are cryptocurrencies, and there are still high risks.
For now it seems that there is still very little possibility of being able to take advantage of altcoin trading, whether it's Ripple and Litecoin coins, Doge or even Cardano.
Given the current market conditions that are still unstable and unpredictable, there is actually a very high risk of losing assets.
If you really want to trade, you should take an ETH coin which is still in rank 2, ETH has also experienced steady increases and decreases in price from day to day.
Although there is little profit by taking ETH coins, it is still relatively safe, not so high risk.
If there is a fairly large amount of cold money, we can also take Bitcoin to be stored in the long term with the aim of investing.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: electronicash on December 21, 2022, 09:54:53 PM

new projects always come up but the top ones are still there. they may have been outranked but their price still good.

but there is truth to top coins eventually falls its position. Bitshares was one of the token i use to have since my fellows in the chat community was somehow recommending. just like EOS being recommended back in 2017 and then failed miserably.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: jossiel on December 21, 2022, 09:58:06 PM
I've seen too many top altcoins in the past that they're nowhere to be found these days. I'm suggesting people to buy top altcoins if they want to but before doing that, they should get their hands on bitcoin.

So whatever they do, they won't regret it because they've got bitcoin. But it's true to be picky on these days with altcoins because you'll never know what issue might be brought up with the altcoin you've chosen to buy.

We unexpected the events that came for FTT, Luna, Ust and others that have fallen.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Rengga Jati on December 21, 2022, 11:02:39 PM
Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell...
Because top coins will be replaced by other newer top altcoins that have newer development, necessity, and are also up to date. We can see how Litecoin and XRP were at that time. But, they were replaced by new altcoins, Ethereum. And after that until now, only Ethereum becomes more stable to be after Bitcoin. And now, BNB is following. Will these two still exist and survive in the top coins? It will depend on the utility maintained by the team.

Many top coins at that time couldn't even reach their previous ATH in the last bullish era. I still have some old top coins that are still holing in my wallet, because they are still not able to pass the previous ATH. But if I see the history, it may be too difficult for them to pass the previous ATH, because it seems like that their era has ended.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: lobo13hf on December 21, 2022, 11:06:03 PM
investing in them is definitely fine, the only thing that you should think twice is investing in them when their value is already too high, that's definitely the wrong moment if you gonna make entry because there's just simply higher probability that you just gonna outright lose your investments since there's no way the value gonna go even higher, even though in some rare cases it might go even higher but you should rule out that possibility since you're not gambling but investing.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: shinratensei_ on December 21, 2022, 11:25:27 PM
after so many crashes involving these biggest coins like luna and the likes i'd say that even these biggest coins aren't really safe for investing, they could quite literally crash anytime that's just how weak their foundations are, just some whales make a massive sell off and the coin is done for, even worse if there's fuds, therefore sometimes I think that investing in coin that's relatively low in term of market value is still the right way to go if the risk is all the same. maybe the fluctuation is worse but at the end of the day even these so called biggest coins also have some really bad fluctuation.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: KennyR on December 21, 2022, 11:37:21 PM
The top list have remained the same. Some variation have happened with few altcoins entering into the top 50, top 10 and all of the sudden dropping down to valueless. Whether it is bitcoin, altcoins on the top order or something else. Everything have got risk, in that way we can't trust anything. The market is driven over the trust, so whenever making an investment on altcoins it is good to go with the amount one can afford to loss.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Scripture on December 22, 2022, 12:24:26 AM
If you buy altcoins, please don't buy them because they're top coins.

Since 2013, only Bitcoin, Litecoin and Ripple are there till 2022.
Since 2016, Ethereum is always there.
Since 2018, Binance BNB is always there.
These are the proof that those top coins can be more profitable sometimes and that could be an assurance that they can be still here in the market despite of the market FUD and market situation. There's no need to go all in with the top altcoins, and yes profit is still not guaranteed with them this is why timing is very important, you should know when you will buy and sell to secure profit and secure your wallet from any big losses.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Silberman on December 22, 2022, 01:14:06 AM
Top coins changes since 2013 to 2022

Coinmarketcap Cryptocurrency Historical Data Snapshot (https://coinmarketcap.com/historical/)

Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.

If you buy altcoins, please don't buy them because they're top coins.

Since 2013, only Bitcoin, Litecoin and Ripple are there till 2022.
Since 2016, Ethereum is always there.
Since 2018, Binance BNB is always there.

Binance looks good with BNB and BUSD. Binance BNB ranked 16th in 2018 and Binance USD ranked at a same position in 2021. Now BNB is at 4th and BUSD is at 6th.


For not top altcoins, it is more horrible.
How Many Cryptocurrencies have Failed? (https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed). You would be shocked by this infographic.
I remember doing the same experiment years ago and I was surprised at how abrupt the changes were even at the top of the market, and these snapshots understate the truth as there were many coins that got to the top 10 and then went out of it in less than a year so you cannot see them in the snapshots that you took at all, I hope that once newbies take a look at the snapshots they understand that just because a coin is on the top 10 now it does not mean that it will be there tomorrow as altcoins can go down in the blink of an eye.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Fundamentals Of on December 22, 2022, 01:35:06 AM
Ethereum has always been at the top. And it has somehow established its role in the crypto ecosystem. I guess it is becoming more and more solid over time especially with the series of upgrades that have already implemented and those that have yet to be implemented. Ripple has also managed to stay there despite hardships especially against regulatory bodies. But this doesn't mean the ones at the top are safe. The rest of the coins at the top have been coming and going.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: GreatArkansas on December 22, 2022, 01:53:04 AM
OG's top altcoins are much better compared to these new projects that started to pop on the top market cap.
For now, after the recent projects that are alternatives for Ethereum are starting to fall, and guess what, Ethereum is still here. So, for me, Ethereum will stay as it stays since day 1.  Ethereum deserves to be on top 2 highest market cap.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: LastKiss on December 22, 2022, 02:01:34 AM

Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.
~snip~

From the image above we know that the trend is always changing, many of them fall into a bear market but can't get back again because they didn't follow the trend. Many projects should adapt to the changing world trend if they want to survive. If we invest in any token we should follow their current news their current development and their current progress. Well it's still better to invest in top coin rather than shitcoin. 


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Mr. Magkaisa on December 22, 2022, 02:50:29 AM
   -  I just noticed OP, like you many people said that. But despite their reminders, there are still many buyers who are told that they are coins that should not be bought anymore.

Just like the example of Luna and FTT until now there are still traders who keep buying it on binance and if you look at the volume in one day it can still be considered high compared to other coins that are also listed on Binance. This means that until an exchange platform does not remove it, there will still be people who will buy it because until the exchange gets some benefit, even if there has been a scandal in the industry, it will not disappear in the name of profit.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: crzy on December 22, 2022, 03:28:22 AM
   -  I just noticed OP, like you many people said that. But despite their reminders, there are still many buyers who are told that they are coins that should not be bought anymore.

Just like the example of Luna and FTT until now there are still traders who keep buying it on binance and if you look at the volume in one day it can still be considered high compared to other coins that are also listed on Binance. This means that until an exchange platform does not remove it, there will still be people who will buy it because until the exchange gets some benefit, even if there has been a scandal in the industry, it will not disappear in the name of profit.
That incident tells us that even a good coin before can experience such problem, so there's no safe altcoins at all and if you want to be safe then go for Bitcoin.

There's always a risk, what you can do is to keep analyzing the market and know where to put your money, don't just buy because of the suggestion of the others, buy because you see the potential of that project and you think you can make profit on that. Top altcoins is not guaranteed, we have to remember this and stay cautious with our investments.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Ayers on December 22, 2022, 03:52:38 AM
Ethereum has always been at the top. And it has somehow established its role in the crypto ecosystem. I guess it is becoming more and more solid over time especially with the series of upgrades that have already implemented and those that have yet to be implemented. Ripple has also managed to stay there despite hardships especially against regulatory bodies. But this doesn't mean the ones at the top are safe. The rest of the coins at the top have been coming and going.

Until now, when it comes to altcoins, I only believe in ethereum. But if you notice, there was a time when XRP was above ETH, but then ETH overtook and dethroned XRP as the altcoin queen, and with the development of new altcoins, I believe XRP will soon lose its place in the top 10.
As for other top coins, I would favor BNB a bit more, the rest, I believe will all be replaced by better new altcoins soon. Top coins are not as good as we think, to invest in altcoins, we need to research and analyze carefully, even if it is top coins or new.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: noorman0 on December 22, 2022, 04:50:42 AM
People should start adding higher criteria to say a top altcoin, such as if it has been able to maintain a minimal position over a number of years and wasn't just built overnight. Getting to the top position is a difficult process, sometimes there are some "side" methods that escape public awareness to achieve it. Some protocol errors can also be the biggest risk, generally this kind of project is built on chasing the hype.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Semar Mesem on December 22, 2022, 06:41:43 AM
As an investor we must always be vigilant, currently there are more than 22k altcoins available but most of them are shitcoins, if we are daily trading then I suggest choosing new listed coins, price fluctuations are usually very high, but if we focus on the long term then we have to invest in the top rank coins.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: hyudien on December 22, 2022, 06:44:19 AM
For not top altcoins, it is more horrible.
How Many Cryptocurrencies have Failed? (https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed). You would be shocked by this infographic.


There is no real benchmark except for bitcoin which is the pinnacle of any crypto investment able to maintain its value. Does notice crypto feel like Luna stealing the show? isn't that proof that even if the top crypto if apart from Bitcoin then there is nothing really promising. Ethereum and Ripple have been around for a long time, but if today looks at Ethereum then I prefer to invest in Ripple. Ripple has held strong against the SEC, due to the powerful forces that maintain decentralization. Seeing that Ethereum has switched to PoS creates a lot of friction because government involvement can easily be controlled remotely.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: BlackBoss_ on December 22, 2022, 08:01:49 AM
Ethereum and Ripple have been around for a long time, but if today looks at Ethereum then I prefer to invest in Ripple. Ripple has held strong against the SEC, due to the powerful forces that maintain decentralization. Seeing that Ethereum has switched to PoS creates a lot of friction because government involvement can easily be controlled remotely.
Not all crypto projects can hold strong against SEC lawsuits. Ripple is rich and already spent more than $100M for their lawsuit with SEC. You will not be able to find many big and rich crpyto projects like Ripple.

If Ripple fails in the lawsuit, it won't be the end for them. They can pay a fine and continue to operate. However I really hope that Ripple will win the lawsuit because if SEC wins it, it will be terrible news for other crypto projects.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: yazher on December 22, 2022, 08:54:02 AM
It would have been better if the advice is to never buy altcoins at all, that is just it. If you do not buy the altcoins at the top if using market capitalization for it, buying those with lower marketcap, there is still possibility that the coin may be shit coin. What I know is that some coins took over the top ones except for bitcoin and ether, but the coins still increased in price.

That is the safest investment plan you can have in this industry because of how brutal they can be if they won't recover after this bearish market. Some of those top altcoins didn't recover after the mega bull run last time. now that they are collapsing and some are truly crashing, you cannot assure if they even have the opportunity to bounce back again once the price of bitcoins recovered. others have considered not buying anything from altcoins because of the huge investment they have in bitcoins and trust in it. only bitcoins have stayed at the top since it was created and they will be the only one to remain until the next 10 years from now.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Yamifoud on December 22, 2022, 10:40:39 AM
Perhaps, the idea of buying Bitcoin only is not a great idea for me. Altcoins are also profitable and sometimes even more profitable than Bitcoin. But, it doesn't mean we have to invest in any altcoin without any thorough research otherwise we just fall into scam coins that are already flooded in the market.
What I can say OP is that making a choice of investing that you know was profitable and most of all it has a working product as it gives some ROI assurance.
Honestly, I consider those coins that are on the top 10 to be a greater choice but I haven't chosen them all, why? I'd rather choice 3-5 coins in bulk than buying number of different coins.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Strongkored on December 22, 2022, 11:08:00 AM
The crypto market is very fast changing and difficult to predict, all kinds of changes are very possible so don't always assume that the coins that currently control the top 10 CMC will still control them in the next year or the following years, especially if these coins have never had development which obviously doesn't have a clear product either.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: dothebeats on December 22, 2022, 11:17:44 AM
Top altcoins are at the top consistently because they offer some value in them. And because they are already established, their price aren't that wobbly and moving all the time so the opportunities to make money on them short-term is already not there. You will have to invest on riskier altcoins that are relatively unknown or way behind the top list and hope for the best. In my experience, those alts that aren't at the top are usually the moneymakers for a certain time frame, and after that is over it's great to keep your funds at the top altcoins for the meantime and get some trickle of % per day—of course you'll only do this when that top alt is in the green.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: michellee on December 22, 2022, 11:38:30 AM
Top altcoins that currently have high prices and are in a bull market or altcoin season are not good to buy because there is a possibility that their prices will drop sharply after a massive correction occurs in the market. And the list of top altcoins will always change due to technological developments in the crypto field. Hence, there is interest in new projects that can provide more benefits than previous projects.

Maybe ETH and BNB are still on the list of top altcoins but we don't know where they will be in 10-20 years. Of course, crypto technology will always develop and provide something different, and that's where ETH and BNB will compete with coins or tokens from the new project.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: yazher on December 22, 2022, 12:06:19 PM
It would have been better if the advice is to never buy altcoins at all, that is just it. If you do not buy the altcoins at the top if using market capitalization for it, buying those with lower marketcap, there is still possibility that the coin may be shit coin. What I know is that some coins took over the top ones except for bitcoin and ether, but the coins still increased in price.

That is the safest investment plan you can have in this industry because of how brutal they can be if they won't recover after this bearish market. Some of those top altcoins didn't recover after the mega bull run last time. now that they are collapsing and some are truly crashing, you cannot assure if they even have the opportunity to bounce back again once the price of bitcoins recovered. others have considered not buying anything from altcoins because of the huge investment they have in bitcoins and trust in it. only bitcoins have stayed at the top since it was created and they will be the only one to remain until the next 10 years from now.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: DanWalker on December 22, 2022, 12:52:02 PM
Perhaps, the idea of buying Bitcoin only is not a great idea for me. Altcoins are also profitable and sometimes even more profitable than Bitcoin. But, it doesn't mean we have to invest in any altcoin without any thorough research otherwise we just fall into scam coins that are already flooded in the market.
What I can say OP is that making a choice of investing that you know was profitable and most of all it has a working product as it gives some ROI assurance.
Honestly, I consider those coins that are on the top 10 to be a greater choice but I haven't chosen them all, why? I'd rather choice 3-5 coins in bulk than buying number of different coins.
Given what's happening in the market, I will prioritize bitcoin, and I won't DCA with altcoins. But I will agree with you if just investing in bitcoin is boring, and I also like altcoins.

Regarding investing in altcoins, I have the opposite opinion of you. First: I don't invest in altcoins during bear season, Second: I don't invest in top 10 altcoins like you, I will only invest in altcoins when bitcoin shows signs of bottoming and begins to accumulate. I will be looking at altcoins emerging in the market, which have the potential to replace the top coins in the next bull season.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Anonylz on December 22, 2022, 02:06:26 PM
It sounds so ridiculous for anyone to invest just because a coin is on the top list on cmc, that's the worst investment decision imo.
Invest in a project base on quality, standards and team, it can be a new or already existing project but it shouldn't be because of the top 100 list, the position is not permanent. 


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Warkop on December 22, 2022, 02:13:00 PM
Ethereum has always been at the top. And it has somehow established its role in the crypto ecosystem. I guess it is becoming more and more solid over time especially with the series of upgrades that have already implemented and those that have yet to be implemented. Ripple has also managed to stay there despite hardships especially against regulatory bodies. But this doesn't mean the ones at the top are safe. The rest of the coins at the top have been coming and going.

It's true that only Ethereum and BNB are very good to invest in. Apart from that, I don't dare to guarantee that it will make us profit from investing in altcoins, because there are thousands of choices and of course we will be confused to choose the best, of all altcoins that are on several exchanges, not to mention altcoins that have no price, of course that will make you confused..


Title: Re: Don't buy altcoins because they are top altcoins
Post by: diminizio on December 22, 2022, 02:20:53 PM
Altcoins are of course one after another therefore we must be vigilant and really careful in seeing the potential to invest in the long term. I don't think those who are at the top right now are good to be used as long-term investments to get maximum profit because they are at the top except just to get short-term profits. i am more pleased with the coins being below the top ten but they have the potential to be in the top 10 in the future, it must be very profitable.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: poldanmig on December 22, 2022, 02:27:51 PM
It sounds so ridiculous for anyone to invest just because a coin is on the top list on cmc, that's the worst investment decision imo.
Invest in a project base on quality, standards and team, it can be a new or already existing project but it shouldn't be because of the top 100 list, the position is not permanent.  
Actually it's not wrong to buy the altcoins cmc top list, because actually most of these altcoins have reliable project teams, clear roadmaps and also pretty good quality, I think coinmarketcap has done a lot of research before actually including these coins on their list have especially altcoins that are in the top ranking, whether or not we are bad at investing is only based on our ability to choose the time and also make decisions when entering the market, I have never thought that choosing the top altcoins is a ridiculous thing especially since we know altcoins like BnB , Eth, Usd, Usdt and others are the altcoins that have the biggest fans.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: kizlod on December 22, 2022, 03:30:38 PM
I don't really understand why XRP is still one of the top coins. It had one major pump and hasn't done anything after that. Youtubers still promoting it and saying that it will melt faces, and somehow some people still believe it.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: maydna on December 22, 2022, 04:10:15 PM
It sounds so ridiculous for anyone to invest just because a coin is on the top list on cmc, that's the worst investment decision imo.
Invest in a project base on quality, standards and team, it can be a new or already existing project but it shouldn't be because of the top 100 list, the position is not permanent. 
If they choose the coin without analysis, it is not a good decision because we know that the coin on the top of the list will surely be replaced by another coin that can get more support, and the project has more opportunities to develop. But if he chooses a new project, he has to look for more info because he has no idea what will happen to that new project in the future. Perhaps, we can suggest he buy bitcoins instead of altcoins due to the change in coins at the top of the list.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: d3nz on December 22, 2022, 04:23:24 PM
It sounds so ridiculous for anyone to invest just because a coin is on the top list on cmc, that's the worst investment decision imo.
Invest in a project base on quality, standards and team, it can be a new or already existing project but it shouldn't be because of the top 100 list, the position is not permanent. 
If they choose the coin without analysis, it is not a good decision because we know that the coin on the top of the list will surely be replaced by another coin that can get more support, and the project has more opportunities to develop. But if he chooses a new project, he has to look for more info because he has no idea what will happen to that new project in the future. Perhaps, we can suggest he buy bitcoins instead of altcoins due to the change in coins at the top of the list.

It's really hard to find an altcoin that will last longer and can make it to the top and even though they are in the top 10, they can still fail if they make a mistake like the LUNA. And, it is like you are playing with our knowledge and only predicting which can make us more profit in the future.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: BobK71 on December 22, 2022, 05:21:03 PM
Ether currently holds the top spot among altcoins and BNB recognize the second one. Not all altcoins can survive in the market. Here Ether and BNB are the most powerful than others. Many smart contracts use the platform and have been able to bring them to a relatively good position. However, recently many people lose faith in good altcoins after seeing the position of FTT. As of lately the CEO of Paxful said he will delist Ether. As a result, investors in the market are very confused about which should to accept or discard.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: GideonGono on December 22, 2022, 06:53:21 PM
Top coins changes since 2013 to 2022

Coinmarketcap Cryptocurrency Historical Data Snapshot (https://coinmarketcap.com/historical/)

Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.

If you buy altcoins, please don't buy them because they're top coins.

Since 2013, only Bitcoin, Litecoin and Ripple are there till 2022.
Since 2016, Ethereum is always there.
Since 2018, Binance BNB is always there.

Binance looks good with BNB and BUSD. Binance BNB ranked 16th in 2018 and Binance USD ranked at a same position in 2021. Now BNB is at 4th and BUSD is at 6th.
The main point here is don't just buy it learn to dig information first.
Not all of those top listed coin would last forever you should learn when to enter and when to exit.
There are so many crypto out there and most of them would be worthless but some of those could also give you profit if you could ride it perfectly.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: _act_ on December 22, 2022, 07:57:43 PM
It's true that only Ethereum and BNB are very good to invest in. Apart from that, I don't dare to guarantee that it will make us profit from investing in altcoins, because there are thousands of choices and of course we will be confused to choose the best, of all altcoins that are on several exchanges, not to mention altcoins that have no price, of course that will make you confused..
I have 70% of my investment on bitcoin when talking about cryptocurrencies, the remaining 30% are on altcoins. Not only ethereum and binance coin are only the good altcoins, there are few that I like, few of them are qtum, dash, digibyte and many like that that will grow like ethereum and other centralized coins that you mentioned.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Eureka_07 on December 22, 2022, 08:27:41 PM
<snip>
I couldn't agree more. Being able to predict which coin will be rising to the top, it might require us to do extensive researching and knowledge about how to spot a good project. However, even though some are known to be a good project, they still aren't receiving that much of investments. On the other hand, lots of projects that was made to create money for their team makes it but then would crumble afterwards.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: albon on December 22, 2022, 08:37:20 PM
Yes, investing in top altcoins makes our investments safer, but we must bear in mind what happened to the Luna coin, as it was among the top altcoins at some point in time. We have to learn from the mistakes of others, learn various analyses, diversify strategies, and diversify our wallet of top altcoins. We must adapt to changes, no matter how harsh the market conditions are, manage risks, and control feelings of greed, FUD, and fear, as they are among the factors that will help us get good profits from these investments in the long term. I see the most profitable opportunity other than investing in top altcoins, which has more risks, is investing in new altcoins and meme coins, so sniping these new altcoins needs an expert who performs his analysis to choose the good coins and the right time to buy and sell, but beginners I never advise them with new altcoins.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: lobo13hf on December 22, 2022, 10:38:44 PM
indeed there are only handful of these coins that could retain their overall worth for long, most of the coins are already losing fame after few years into the future and I think after they reached their ath they never make a comeback, there are many coins that was former high ranked coins become somewhat lackluster of innovation, they just didn't bring any revolutionary innovation and therefore gotten forgotten by many quite easily.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: SirLancelot on December 23, 2022, 12:50:32 AM
Perhaps, the idea of buying Bitcoin only is not a great idea for me. Altcoins are also profitable and sometimes even more profitable than Bitcoin. But, it doesn't mean we have to invest in any altcoin without any thorough research otherwise we just fall into scam coins that are already flooded in the market.
What I can say OP is that making a choice of investing that you know was profitable and most of all it has a working product as it gives some ROI assurance.
Honestly, I consider those coins that are on the top 10 to be a greater choice but I haven't chosen them all, why? I'd rather choice 3-5 coins in bulk than buying number of different coins.
Given what's happening in the market, I will prioritize bitcoin, and I won't DCA with altcoins. But I will agree with you if just investing in bitcoin is boring, and I also like altcoins.

Regarding investing in altcoins, I have the opposite opinion of you. First: I don't invest in altcoins during bear season, Second: I don't invest in top 10 altcoins like you, I will only invest in altcoins when bitcoin shows signs of bottoming and begins to accumulate. I will be looking at altcoins emerging in the market, which have the potential to replace the top coins in the next bull season.
Maybe you had a trauma about what happened with Luna, FTT and other altcoins. And that is why you are skipping them but that was only for now right? Maybe there was still a chance for your heart to get warm on them.

But for now, it's okay if the coin that you will invest is BTC. I too like it to be honest because BTC was still the controller of the market and once the demand is shifted again in BTC, then there is a big chance that we will see the bull run in a much earlier time than on what is its designated time which are 2 to 3 years from now. If you think investing in BTC alone is boring then there are still other assets that you can add, not just altcoins or cryptos but we also have stocks, bonds, real estate and many more.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: rozak on December 23, 2022, 02:15:29 AM
indeed there are only handful of these coins that could retain their overall worth for long, most of the coins are already losing fame after few years into the future and I think after they reached their ath they never make a comeback, there are many coins that was former high ranked coins become somewhat lackluster of innovation, they just didn't bring any revolutionary innovation and therefore gotten forgotten by many quite easily.
especially if it is a coin from a new project. they just take advantage of the hype when listing on the market, break the ATH and then go down and there is no movement.
some top market projects, there may be less risk. but still, altcoins will be better in the short term. take advantage when you have the chance. avoid holding altcoins for very long periods.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Fundamentals Of on December 23, 2022, 02:25:21 AM
Ethereum has always been at the top. And it has somehow established its role in the crypto ecosystem. I guess it is becoming more and more solid over time especially with the series of upgrades that have already implemented and those that have yet to be implemented. Ripple has also managed to stay there despite hardships especially against regulatory bodies. But this doesn't mean the ones at the top are safe. The rest of the coins at the top have been coming and going.

Until now, when it comes to altcoins, I only believe in ethereum. But if you notice, there was a time when XRP was above ETH, but then ETH overtook and dethroned XRP as the altcoin queen, and with the development of new altcoins, I believe XRP will soon lose its place in the top 10.
As for other top coins, I would favor BNB a bit more, the rest, I believe will all be replaced by better new altcoins soon. Top coins are not as good as we think, to invest in altcoins, we need to research and analyze carefully, even if it is top coins or new.

There are solid altcoins out there like, as you mentioned, Ethereum. There is of course Monero as well. There is also Litecoin. These are the altcoins that were there early, before the influx of shitcoins started. Ripple is also still holding strong despite the big legal challenges in the US. I was expecting it to fall outside the top 10, but it is still there. I am not a fan of BNB because its existence is closely tied with the Binance exchange. If Binance exchange would fall, it would also fall.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: lienfaye on December 23, 2022, 06:46:37 AM
If you buy altcoins, please don't buy them because they're top coins.
Indeed. Don't buy alts just because they're on top, it's not only a basis if this particular coin is worth to invest in.

Learned from what happened to alts that used to be on top but now turned to shitcoins. If the hype fades there's a tendency for it to collapse especially if the Dev doesn't have concern to its investors.

So look for a coin with real use case and has potential, dig deeper and be extra careful.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: justdimin on December 23, 2022, 07:03:21 AM
Top altcoins are at the top consistently because they offer some value in them. And because they are already established, their price aren't that wobbly and moving all the time so the opportunities to make money on them short-term is already not there. You will have to invest on riskier altcoins that are relatively unknown or way behind the top list and hope for the best. In my experience, those alts that aren't at the top are usually the moneymakers for a certain time frame, and after that is over it's great to keep your funds at the top altcoins for the meantime and get some trickle of % per day—of course you'll only do this when that top alt is in the green.
The wobbly price may not be true at all times as we have seen from the past 1 year, because it could potentially be wobbly when the market is not doing well, but aside from that I have to say that it is clear the market is a lot better for the top names, much better than the ones we have at the bottom.

There are some low level ones that could give people a higher return but the reality is that we are not going to make a lot of money taking those risks consistently. We could do it once or twice time to time when we have money to spare, such as bull periods when we make a lot of profit, but it is not a sustainable way to make a profit.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: fzkto on December 23, 2022, 07:14:48 AM
Altcoins are of course one after another therefore we must be vigilant and really careful in seeing the potential to invest in the long term. I don't think those who are at the top right now are good to be used as long-term investments to get maximum profit because they are at the top except just to get short-term profits. i am more pleased with the coins being below the top ten but they have the potential to be in the top 10 in the future, it must be very profitable.
Usually it was so that the top altcoins disappeared and new ones appeared in their place. Remember EOS or ZEC, DASH. Now few people remember them, and new coins took their place. So most likely on the next bull market we will have other tops. I would consider new projects for investment, such as Aptos. I think it's a good pretender to become the new Solana.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: worle1bm on December 23, 2022, 08:31:04 AM
There are always fluctuations in altcoin position on coinmarketcap as you have already presented with charts depicting the same but the main reason behind it is lack of any real use case which they promised and not many people use it or say development in the coins solving problems so they have temporary run and if you can make profits at that time then it's best otherwise you should stay away from them.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Wexnident on December 23, 2022, 10:05:22 AM
The top coins are only meant as a basis for where you should start your research on altcoins imo. It was never a guaranteed option until you've furthered your study in their markets. A lot of altcoins out there are sht, it wouldn't be exaggerated to say 99% of them are, but there are some good ones that pop out every now and then (although some just fall off and never be heard of from again), but nevertheless, they're good investments in that certain period of time.

It also helps to be up to date to what's happening so that you can exit when needed, I mean just look at what happened to Luna.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Questat on December 23, 2022, 10:28:32 AM
The top coins are only meant as a basis for where you should start your research on altcoins imo. It was never a guaranteed option until you've furthered your study in their markets. A lot of altcoins out there are sht, it wouldn't be exaggerated to say 99% of them are, but there are some good ones that pop out every now and then (although some just fall off and never be heard of from again), but nevertheless, they're good investments in that certain period of time.

A choice of altcoins from the top is certainly a good decision. Even though we can say it never gives us assurance, however, if we think about recovery, we can tell that they are possible to have it than those on the bottom. I couldn't agree that 99% are shitcoins, maybe at least 95% sounds realistic. Many projects actually have a good market intention but because of a lack of support and investors, they'll turn down and believe to be scams as the developer left for no chance to uplift their status.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: tvplus006 on December 23, 2022, 11:11:25 AM
Altcoins are of course one after another therefore we must be vigilant and really careful in seeing the potential to invest in the long term. I don't think those who are at the top right now are good to be used as long-term investments to get maximum profit because they are at the top except just to get short-term profits. i am more pleased with the coins being below the top ten but they have the potential to be in the top 10 in the future, it must be very profitable.

Yes, the coins that are currently at the top of the rating will not give you the opportunity to earn 1000% in the short term, but they are more reliable. In this case, for a beginner who does not have sufficient knowledge, it will be safer to buy coins that are on the top lines of the rating.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: maydna on December 23, 2022, 11:31:34 AM
It sounds so ridiculous for anyone to invest just because a coin is on the top list on cmc, that's the worst investment decision imo.
Invest in a project base on quality, standards and team, it can be a new or already existing project but it shouldn't be because of the top 100 list, the position is not permanent. 
If they choose the coin without analysis, it is not a good decision because we know that the coin on the top of the list will surely be replaced by another coin that can get more support, and the project has more opportunities to develop. But if he chooses a new project, he has to look for more info because he has no idea what will happen to that new project in the future. Perhaps, we can suggest he buy bitcoins instead of altcoins due to the change in coins at the top of the list.

It's really hard to find an altcoin that will last longer and can make it to the top and even though they are in the top 10, they can still fail if they make a mistake like the LUNA. And, it is like you are playing with our knowledge and only predicting which can make us more profit in the future.
That will happen if you don't know which altcoin will replace the altcoin in the top 10 list. We can be wrong in predicting or analyzing, which can make us lose the opportunity to profit. But if you invest in bitcoin, even though the altcoin position will change in the next altcoin season, the bitcoin position will still be above the altcoin, and you will make a decent profit on bitcoin.

Perhaps, if you want to choose an altcoin, try to follow the project's journey so you can see the differences between each altcoin. It can add information to your analysis. But that also can't be a guarantee because we've already seen what happened with LUNA and FTX.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: DanWalker on December 23, 2022, 02:51:43 PM
Perhaps, the idea of buying Bitcoin only is not a great idea for me. Altcoins are also profitable and sometimes even more profitable than Bitcoin. But, it doesn't mean we have to invest in any altcoin without any thorough research otherwise we just fall into scam coins that are already flooded in the market.
What I can say OP is that making a choice of investing that you know was profitable and most of all it has a working product as it gives some ROI assurance.
Honestly, I consider those coins that are on the top 10 to be a greater choice but I haven't chosen them all, why? I'd rather choice 3-5 coins in bulk than buying number of different coins.
Given what's happening in the market, I will prioritize bitcoin, and I won't DCA with altcoins. But I will agree with you if just investing in bitcoin is boring, and I also like altcoins.

Regarding investing in altcoins, I have the opposite opinion of you. First: I don't invest in altcoins during bear season, Second: I don't invest in top 10 altcoins like you, I will only invest in altcoins when bitcoin shows signs of bottoming and begins to accumulate. I will be looking at altcoins emerging in the market, which have the potential to replace the top coins in the next bull season.
Maybe you had a trauma about what happened with Luna, FTT and other altcoins. And that is why you are skipping them but that was only for now right? Maybe there was still a chance for your heart to get warm on them.

But for now, it's okay if the coin that you will invest is BTC. I too like it to be honest because BTC was still the controller of the market and once the demand is shifted again in BTC, then there is a big chance that we will see the bull run in a much earlier time than on what is its designated time which are 2 to 3 years from now. If you think investing in BTC alone is boring then there are still other assets that you can add, not just altcoins or cryptos but we also have stocks, bonds, real estate and many more.

I feel pretty scared about what happened to Luna and FTX, even though I lost nothing with those 2 crashes.

As I said, I still like to invest in altcoins, but investing needs to be at the right time, the bear season is not a good time to invest in altcoins, and the top 10 doesn't guarantee returns either. I want you to recall the top altcoins of 2017, most of which have been replaced by new altcoins. I would stay away from some of the top altcoins and just research potential new altcoins, the risks are the same, but the returns are huge if we choose the right project.

Of course, diversification is a must, I don't put all my assets in bitcoin, I also love forex trading.



Title: Re: Don't buy altcoins because they are top altcoins
Post by: Sterbens on December 23, 2022, 03:46:16 PM
Altcoins are of course one after another therefore we must be vigilant and really careful in seeing the potential to invest in the long term. I don't think those who are at the top right now are good to be used as long-term investments to get maximum profit because they are at the top except just to get short-term profits. i am more pleased with the coins being below the top ten but they have the potential to be in the top 10 in the future, it must be very profitable.

Yes, the coins that are currently at the top of the rating will not give you the opportunity to earn 1000% in the short term, but they are more reliable. In this case, for a beginner who does not have sufficient knowledge, it will be safer to buy coins that are on the top lines of the rating.
If you do that, then the risk will be even greater. Yes indeed the higher the profit we want, then it will be in line with the higher the risk as well. It doesn't matter when we are ready to accept the risk, but don't end up regretting it and even blaming the coin we invested itself. Because we have been given an idea of what it will be like in the future through the analysis we are doing, and we prefer those that are more "risky".
Yes indeed, for beginners who still lack knowledge about this space, it is better to minimize the risk by choosing a coin that has a top ranking, maybe I would recommend it is better to start with just bitcoin.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Yatsan on December 23, 2022, 03:52:48 PM
It would have been better if the advice is to never buy altcoins at all, that is just it. If you do not buy the altcoins at the top if using market capitalization for it, buying those with lower marketcap, there is still possibility that the coin may be shit coin. What I know is that some coins took over the top ones except for bitcoin and ether, but the coins still increased in price.
This instance only occurs on newly released tokens in the market wherein it is a phase determining which coins would be trashed afterwards. Actually I'm quite confused; top coins are dead coins? Top coins won't be on that position if they don't have the popularity and capability to do so. Dead coins are those whoch had a hype upon their release of the moment they've been introduced to the market and eventually had demand not as high as with the beginning. Most of the time, the reason is token's utility which are not sudtainable for a long run. And some are just the 'hype' itself from crypro community which just fades without prior notice.

Altcoins are of course one after another therefore we must be vigilant and really careful in seeing the potential to invest in the long term. I don't think those who are at the top right now are good to be used as long-term investments to get maximum profit because they are at the top except just to get short-term profits. i am more pleased with the coins being below the top ten but they have the potential to be in the top 10 in the future, it must be very profitable.

Yes, the coins that are currently at the top of the rating will not give you the opportunity to earn 1000% in the short term, but they are more reliable. In this case, for a beginner who does not have sufficient knowledge, it will be safer to buy coins that are on the top lines of the rating.
On ths usual, coins which are not considered by the majority as on 'top' of this industry, often has a higher rate of increase simply because their market values are predetermined yet.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: tvplus006 on December 23, 2022, 05:27:55 PM
On ths usual, coins which are not considered by the majority as on 'top' of this industry, often has a higher rate of increase simply because their market values are predetermined yet.

They are such not only for the reason that their price has not yet been established, but also for the reason that the capitalization of such coins is very small. Accordingly, it will be easier to pump such a coin by 1000% than the price of bitcoin by 50%. But the problem of identifying such a coin at an early stage always remains relevant.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Cling18 on December 23, 2022, 07:27:35 PM
On ths usual, coins which are not considered by the majority as on 'top' of this industry, often have a higher rate of increase simply because their market values are predetermined yet.

They are such not only for the reason that their price has not yet been established but also for the reason that the capitalization of such coins is very small. Accordingly, it will be easier to pump such a coin by 1000% than the price of bitcoin by 50%. But the problem of identifying such a coin at an early stage always remains relevant.

I would rather buy top coins rather than coins without any assurance of getting a higher rank in the future. Being on top simply means that they have better potential and could even provide a good profit when the market gets better. We only have to be skeptical in choosing and avoiding hyped trash coins. As we could see, the most active and well-established coins are on top.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: abel1337 on December 23, 2022, 08:20:18 PM
As new projects are born, Those who are on the top are trying hard to improve or maintain their spot and new projects are trying to climb into the TOP coins. I believe that bitcoin will always be number one in rankings and the number 2 spots is the one that all altcoins are fighting for to grab. Being removed from a high spot doesn't mean that the project is going downfall, There are projects that are being better with it's marketcap and over all volume because of the support of the community but sometimes it is temporary and projects can't maintain it since it is driven by hype.

Being on the top doesn't mean it is a bullet proof project, Just like FTX and LUNA those coins are on the top but now they are one of the biggest fraud on crypto. But it is better to pick and choose altcoins on the top 100 than those shtcoins out there.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Ziskinberg on December 23, 2022, 08:52:11 PM
...

Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.

Don't stress yourself with these coins. Might you can say the position of the coins in the market measure how good they are but no, some traders never mind it but they'll go and buy coins that they think it gives them a profit in the future.
I don't want to wonder why these BCH, Bitcoin Gold, and Bitcoin SV lost their position because people are more focused on Bitcoin as the only Bitcoin in the crypto market.

It is not really all about the market position but also how a particular project become helpful to the community. Many coins have gone in the past year, especially last year as seen in the chart due to the incapability of those coins. Nobody will care to invest in them either.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: serjent05 on December 23, 2022, 11:17:03 PM
So @op is conveying that we shouldn't invest in an altcoin.  We should put our money in Bitcoin only, wait..,  I thought for one second there that Bitcoin is the same lol, but Bitcoin isn't altcoin so yeah I am right to say invest only in Bitcoin as summarized to what @OP wanted to tell.

Honestly, we only need the right timing for the altcoin.  We do not need to hold them for a long term, we just need to trade them to buy more Bitcoin in the process.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: n0ne on December 23, 2022, 11:21:42 PM
So @op is conveying that we shouldn't invest in an altcoin.  We should put our money in Bitcoin only, wait..,  I thought for one second there that Bitcoin is the same lol, but Bitcoin isn't altcoin so yeah I am right to say invest only in Bitcoin as summarized to what @OP wanted to tell.

Honestly, we only need the right timing for the altcoin.  We do not need to hold them for a long term, we just need to trade them to buy more Bitcoin in the process.
Making an entry at the right time and making trades will let us enjoy the profit in bitcoin. Most of the users does this way investing into altcoins and moving the profit made in the short term into bitcoin. This will keep the portfolio strong as well as give us the risk free investment. Altcoins are good to generate better profit, but the failure of more trusted ones have created fear among the investors and hodlers.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Silberman on December 25, 2022, 03:33:40 AM
So @op is conveying that we shouldn't invest in an altcoin.  We should put our money in Bitcoin only, wait..,  I thought for one second there that Bitcoin is the same lol, but Bitcoin isn't altcoin so yeah I am right to say invest only in Bitcoin as summarized to what @OP wanted to tell.

Honestly, we only need the right timing for the altcoin.  We do not need to hold them for a long term, we just need to trade them to buy more Bitcoin in the process.
If you know how to do that then without a doubt you will be able to obtain massive profits, however there are many people that simply do not have the skill and they still try their luck and unfortunately their results are terrible, so for people like that it would be better to simply hold bitcoin and wait for the bull run to come, however this simple strategy seems too simple or too boring for them, so even if it is the best strategy they have available they seldom use it.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Jawhead999 on December 25, 2022, 04:26:25 AM
I would rather buy top coins rather than coins without any assurance of getting a higher rank in the future. Being on top simply means that they have better potential and could even provide a good profit when the market gets better. We only have to be skeptical in choosing and avoiding hyped trash coins. As we could see, the most active and well-established coins are on top.
LUNA is also active and established coin where they're support Bitcoin by buying it, that time LUNA in included in the top 10 crypto on coinmarketcap. While FTT is also good since the exchange is on top 5 and many people said it's a Binance killer, if I'm not mistaken FTT is included on top 20-30 coins. Does these coins keep increasing about the marketcap? nope, they will become dead coins sooner or later since it's worthless.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Tigerheart3026 on December 25, 2022, 08:51:30 AM
we shouldn’t invest in top altcoins the reason of luna and ftt?
 those 2 coins was top 50 rank coins but destroyed,  
nothing guaranteed in crypto but i think tops coins are comparatively safe investment from random shit coins.
you can say top coins for long term investment, & new coins to short term investment to make big profits.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Maidak on December 25, 2022, 09:30:16 AM
I would rather buy top coins rather than coins without any assurance of getting a higher rank in the future. Being on top simply means that they have better potential and could even provide a good profit when the market gets better. We only have to be skeptical in choosing and avoiding hyped trash coins. As we could see, the most active and well-established coins are on top.
LUNA is also active and established coin where they're support Bitcoin by buying it, that time LUNA in included in the top 10 crypto on coinmarketcap. While FTT is also good since the exchange is on top 5 and many people said it's a Binance killer, if I'm not mistaken FTT is included on top 20-30 coins. Does these coins keep increasing about the marketcap? nope, they will become dead coins sooner or later since it's worthless.

Exactly, that's what happens with altcoins, even the top ones, it's just a matter of when they will collapse or be replaced. The top altcoins of the 2014 and 2017 bull seasons, now most of them are no longer in the top 10, which shows the longevity and risk of investing in the top coins. Of course, they're good to be on top, but they're only good in 2022 and there's no guarantee they'll continue to do so well into the next bull season. Topcoins is not the perfect choice.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Xal0lex on December 25, 2022, 09:53:11 PM
What's the problem with buying altcoins that were in the TOP and then stopped being in them? Just because they come out of TOP-10, TOP-25, etc., it doesn't mean they won't be profitable anymore. The TOP of altcoins changes every year, it's normal, because the industry is constantly evolving, new projects appear, the competition is growing. The most important thing is that the support of the project by miners and developers does not stop.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: OsipBabin on December 26, 2022, 03:10:34 AM
Investing in altcoins is about knowing how to ride the wave, and is the best way to multiply your Bitcoins, but no one says it would be easy, users need to buy when the price is low and sell when the price is high, and to do this we need to follow the market signals and the media news for relevant events. For example, if we see in the news that Elon decides to incorporate Dogecoin to Twitter, then is time to buy doge because it will bump.

Buying Altcoins and hold for a long period is really risky, and personally, I don't recommend it. But remember, high risk can bring high profit.
High risk, high return, and high profit are the main motivations to stimulate everyone to buy altcoins. The ridiculous thing is that many altcoins are controlled by someone, it can only depend on your luck. Long-term holding is not something we can decide, it depends on the project side of the altcoin. If you meet SBF, you can only pray for SBF to live well.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: poodle63 on December 26, 2022, 10:24:10 AM
I think it's such weak reasoning just because some coins falls doesn't necessarily means the other gonna falls, ftt and some similar token are like very few coins compared with the other, it is also utility coin offered by the platform behind it, other coin like eth and btc is definitely different than this coin, moreover there are some good exchanges coin like bnb that disclose how they manage their funds therefore I think investing in these coins is still good enough even now.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Silberman on December 29, 2022, 02:16:22 AM
I would rather buy top coins rather than coins without any assurance of getting a higher rank in the future. Being on top simply means that they have better potential and could even provide a good profit when the market gets better. We only have to be skeptical in choosing and avoiding hyped trash coins. As we could see, the most active and well-established coins are on top.
LUNA is also active and established coin where they're support Bitcoin by buying it, that time LUNA in included in the top 10 crypto on coinmarketcap. While FTT is also good since the exchange is on top 5 and many people said it's a Binance killer, if I'm not mistaken FTT is included on top 20-30 coins. Does these coins keep increasing about the marketcap? nope, they will become dead coins sooner or later since it's worthless.
Those two are the biggest coins that failed during this bear market, but if we begin to look farther into the past we will see that many coins that at some point were considered to be some of the best coins in the market disappeared or are still alive but no one gives them any kind of attention, so this is knowledge that must never be forgotten because I am sure that during the next bull run we will also get many other coins making it to the top and some of those coins will follow a fate similar to what luna and FTT are experimenting now.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: danherbias07 on December 29, 2022, 03:55:44 AM
Agreed.
BNB had been a good choice whenever there's a broad fluctuation happening. Bitcoin goes down, and every altcoin goes down.
But what would happen if Bitcoin goes up? Which altcoins are going with that flow and which are not?
I think we have to be keen on these types of events. We cannot just buy them because they are listed on the top by whatever price-tracking website.
They may have their own view on what should be on the top or not, and there may be instances they are paid just so they can put them on higher ranks and be seen.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Silberman on January 01, 2023, 01:30:23 AM
Agreed.
BNB had been a good choice whenever there's a broad fluctuation happening. Bitcoin goes down, and every altcoin goes down.
But what would happen if Bitcoin goes up? Which altcoins are going with that flow and which are not?
I think we have to be keen on these types of events. We cannot just buy them because they are listed on the top by whatever price-tracking website.
They may have their own view on what should be on the top or not, and there may be instances they are paid just so they can put them on higher ranks and be seen.
This is exactly what happened to XRP, XRP has been at the top 10 for so long that some people see it as a safe investment, even if it is a centralized coin with connections to different banks, however during the previous bull run it barely grew in price and it was left behind by bitcoin and ethereum, so while there are many people that expect XRP could finally reach a new all time high, it is possible that the previous scenario will happen again and XRP will fail to reach that goal.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: o48o on January 01, 2023, 01:53:55 AM
Thing is, historically, even if most of them died, if you just had bought most of them, you would still be heavily in profit. And i am referring to this:
https://bitcointalk.org/index.php?topic=5418571.msg61196924#msg61196924

I am not saying that similar moonings for top coins would happen in these marketcap levels as no one knows that, but i am saying that historically, you might not have to pick the right coins if you diverse enough.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: pantek talacuik on January 04, 2023, 01:30:00 PM
That's how the market flows, they can't make it up since they lack development and usually, those altcoins are able to make it to the top 10 because of hype. And, as of now, we look into the purpose of each altcoin and how it can help the cryptocurrency world and make the transaction much faster and easier to use.

Maybe that's one of the benefits later for those who still hold Altcoin or Bitcoin and can be used in daily transactions. but you better see progress every year and I'm looking forward to 2023 what all this will bring. But does everyone realize that this has been a huge struggle and looking at the price of Bitcoin that makes it doubt everyone will grow back.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: fzkto on January 07, 2023, 03:22:48 PM
That's how the market flows, they can't make it up since they lack development and usually, those altcoins are able to make it to the top 10 because of hype. And, as of now, we look into the purpose of each altcoin and how it can help the cryptocurrency world and make the transaction much faster and easier to use.

Maybe that's one of the benefits later for those who still hold Altcoin or Bitcoin and can be used in daily transactions. but you better see progress every year and I'm looking forward to 2023 what all this will bring. But does everyone realize that this has been a huge struggle and looking at the price of Bitcoin that makes it doubt everyone will grow back.
Not all altcoins will grow of course, but I have no doubt that we will see bitcoin and other major coins like LTC, BNB, ETH rebound this year. I think it will happen not at the beginning of the year, but surely in spring or maybe autumn. Now is still a good buying opportunity.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: TheUltraElite on January 07, 2023, 03:34:16 PM
Not all altcoins will grow of course, but I have no doubt that we will see bitcoin and other major coins like LTC, BNB, ETH rebound this year. I think it will happen not at the beginning of the year, but surely in spring or maybe autumn. Now is still a good buying opportunity.
The OP has shown clearly an evidence of how badly performing the minor altcoins have been. The top few coins have performed well no doubt but the common people dont want to go for that, because some internet random username told them about a certain shitcoin that will become the next bitcoin and they filled their bags with that coin spending a load of fiat cash from hand.

Buying the top altcoins can mean a good portfolio but buying these shitcoins only weakens it. Being safe you could stick with only bitcoin but expand more and you will expand your own risk.

I still consider playing it with bitcoin only is the safest, any "spare money" you have should be put into other sectors like stocks, real estate, commodities but never in altcoins.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: piebeyb on January 07, 2023, 03:36:08 PM
usually i avoid on crypto projects that are full of greedy investors don't have much active community supporting and use them as holders, because i think it will be the target of chaos , so it's better on coins that are fully supported by the community e.g. on meme tokens, bitcoin or any other altcoin, to be honest I'm better off holding onto bitcoin for now


Title: Re: Don't buy altcoins because they are top altcoins
Post by: LogitechMouse on January 07, 2023, 04:32:51 PM
With what the OP has posted, maybe we can disregard Ethereum on that rest of those altcoins out there. All of them except for Bitcoin and Ethereum are all shitcoin or maybe we can disregard Litecoin as well?

Whatever happens, always put Bitcoin as the top holdings in your portfolio. I mean it's the most trusted cryptocurrency so no more other explanation as to why we need to allocate a huge percentage of our money investing into it right. Now with regards to altcoins, there is only 1 altcoin that I like to invest my money with and that is Ethereum. Kinda ironic TBH because I'm holding and staking ADA right now because I just want to have a passive income :D.

I'm slowly accumulating ETH and I guess if somebody here will recommend an altcoin that newbie investors might want to invest their money with, it will be Ethereum right? or wrong?


Title: Re: Don't buy altcoins because they are top altcoins
Post by: ningrum on January 07, 2023, 07:27:55 PM
usually i avoid on crypto projects that are full of greedy investors don't have much active community supporting and use them as holders, because i think it will be the target of chaos , so it's better on coins that are fully supported by the community e.g. on meme tokens, bitcoin or any other altcoin, to be honest I'm better off holding onto bitcoin for now
Each of them has a choice, but indeed in a bearish market like now it is very good if we avoid coins that have bad project fundamentals,
and it is more advisable to buy altcoins that do have good fundamentals, yes, good fundamentals are not just top altcoins like BNB, ETH or XRP,
but coins on coinmarketcap with rank 100 to 500 might be very suitable for further analysis before choosing the right one.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: KennyR on January 07, 2023, 11:06:55 PM
Altcoins are good investment with increased risk, because of many incidents happening negative with the altcoins. We don't know whether the growth will last for longer time period or not. Most of the altcoins market crash happens out of the lack of development or out of the improper fund handling. With altcoins it is good to keep it for short term profiting as well as into trading.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Anonymous100 on January 08, 2023, 08:17:13 PM
Top coins changes since 2013 to 2022

Coinmarketcap Cryptocurrency Historical Data Snapshot (https://coinmarketcap.com/historical/)

Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.

If you buy altcoins, please don't buy them because they're top coins.

Since 2013, only Bitcoin, Litecoin and Ripple are there till 2022.
Since 2016, Ethereum is always there.
Since 2018, Binance BNB is always there.

Binance looks good with BNB and BUSD. Binance BNB ranked 16th in 2018 and Binance USD ranked at a same position in 2021. Now BNB is at 4th and BUSD is at 6th.
~
We can't make a stable coin a reference to be in the top position or the bottom position. It depends on the market situation, or based on market capitalization. Stable coin market capitalization is fixed, unless there is an increase in supply. So a stable coin position really depends on being bearish or bullish. But unfortunately for some other coins that can not maintain their positions. It relies heavily on the development of the blockchain. After the advent of the Ethereum blockchain, many other coins died. Because Ethereum presents a blockchain with a smart contract system.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: TheUltraElite on January 12, 2023, 04:54:45 PM
Altcoins are good investment with increased risk, because of many incidents happening negative with the altcoins. We don't know whether the growth will last for longer time period or not. Most of the altcoins market crash happens out of the lack of development or out of the improper fund handling. With altcoins it is good to keep it for short term profiting as well as into trading.
Altcoins are short term performers, they are not long term games. The development that happens in altcoins is often non-existent vaporware and we should be careful not to divulge into shitcoins that only give promises and keep going down. Because newbies often get swayed by the promises made by such companies (or just scammer groups) they exist and run rampant often promoting themselves through the words of these fooled newbies.

This is why long term gains are only seen with the top altcoins and of course bitcoin. Because there so development has happened to put them up in a decent place against bitcoin.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: JunkieMiner on January 12, 2023, 05:01:19 PM
Probably most of the coins are behaving according to the trend which is running, and still the hype of the coins also been affected by the movement of bitcoin, in a little bit sense, but we should confess it that due to bitcoin most of the altcoin, can be pumped when it goes green and most of them could be down, when it turns out to be red.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: virasisog on January 12, 2023, 06:27:26 PM
There are reasons why top coins are on top. They might be on trend or hype, they have a huge potential or they are going along with the movement of Bitcoin. So being on top isn't a reason enough for us to stick on them but rather do a research about their potential first for us to avoid confusions. We must know the capability of top coins as well as their reputation. There arw coins that could be on top in just a short period of time and would lose their value later on so we must be very careful.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: isaac_clarke22 on January 12, 2023, 07:04:15 PM
Buying the top altcoins can mean a good portfolio but buying these shitcoins only weakens it. Being safe you could stick with only bitcoin but expand more and you will expand your own risk.
I see a lot of meme coins being posted by some random usernames here in the forum that it will indeed replace {insert meme coins or Bitcoin} in the future, but just faded out of existence. Only thing that holds investor  from buying top coins would be the price and that's understandable on why they settle for coins in the lower rank, but come on, why would some even bother to a copy-pasta coins in the market? :D

And yeah, spare money are better off in a better sectors like you mentioned. I already had my worst experience back in 2017-2018.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Fredomago on January 12, 2023, 07:20:37 PM
Probably most of the coins are behaving according to the trend which is running, and still the hype of the coins also been affected by the movement of bitcoin, in a little bit sense, but we should confess it that due to bitcoin most of the altcoin, can be pumped when it goes green and most of them could be down, when it turns out to be red.

That's how the market is working and we continually see it happens from time to time, I see your point and it's really that big influences from Bitcoin that affects the entire industry, but, if you believe that there's still a big run to anticipate that worthy of waiting, why not to hold right? depends with how you take the full responsibilities in doing your research and hoping that you do the right thing.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: South Park on January 12, 2023, 08:06:07 PM
There are reasons why top coins are on top. They might be on trend or hype, they have a huge potential or they are going along with the movement of Bitcoin. So being on top isn't a reason enough for us to stick on them but rather do a research about their potential first for us to avoid confusions. We must know the capability of top coins as well as their reputation. There arw coins that could be on top in just a short period of time and would lose their value later on so we must be very careful.
True, but many investors simply do not do their due diligence when they invest in one or several coins which currently sit at the top, they think that just because those coins are at the top then they are going to remain there, but this is not true, in a way it is incredible that people can think like that as the one thing that brings the majority of them to this market is the volatility, and if a market is volatile then this means that the coins which are currently at the top can be replaced at any moment by other coins, but for some reason such reasoning never crosses their mind.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: TheUltraElite on January 16, 2023, 04:40:19 PM
I see a lot of meme coins being posted by some random usernames here in the forum that it will indeed replace {insert meme coins or Bitcoin} in the future, but just faded out of existence.
Anybody can create a shitcoin be it a vaporware, shittoken or a memecoin (<that has been the sequence over the years) and spread it on this forum like wildfire. There will be risk taking people ready to jump on them and attempt to quick flip or shill it for a better price.

Quote
Only thing that holds investor  from buying top coins would be the price and that's understandable on why they settle for coins in the lower rank, but come on, why would some even bother to a copy-pasta coins in the market? :D
Settling for lower coins is often a method to "quickly finish it off" but we have been in the market for long and we understand that it is better to rather hold the fiat for buying bitcoin than spend it on buying shitcoins. The second options always leads to less than break-even during selling.

Quote
And yeah, spare money are better off in a better sectors like you mentioned. I already had my worst experience back in 2017-2018.
We all have had our share of experiences but not everyone will understand that.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Desmong on January 16, 2023, 08:19:19 PM
Mist of the top coins we are seeing could easily be dumped anytime and the money would be used to buy another new altcoins. Mist of these top coins we are seeing now can be easily dumped and left so we need to be very careful and make sure that we buy and be aware of dumping so in case anything happens after we start holding.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Natalim on January 16, 2023, 09:45:58 PM
There are reasons why top coins are on top. They might be on trend or hype, they have a huge potential or they are going along with the movement of Bitcoin. So being on top isn't a reason enough for us to stick on them but rather do a research about their potential first for us to avoid confusions. We must know the capability of top coins as well as their reputation. There arw coins that could be on top in just a short period of time and would lose their value later on so we must be very careful.
But for me, the rank determines the potentiality and market capability of a certain project. It is usually based on the market demand but I agree about doing more research as holding them long-term, it was better to have the assurance that this project will last longer than those in hyped projects. It is really a big mistake from jumping into the crypto without doing any research but if we just invest in Ethereum and BNB, it is something we don't need anymore.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: seleme on January 16, 2023, 09:50:17 PM
Nice analysis but let's don't forget market cycles. The more you make research you dicvover it is not only about the specific project but more about the general market nature. Market works with cycles and you have be in right project at the right time. Otherwise, the great project can't even hit 2x of your initial investment during bear market cycle.

There are reasons why top coins are on top. They might be on trend or hype, they have a huge potential or they are going along with the movement of Bitcoin. So being on top isn't a reason enough for us to stick on them but rather do a research about their potential first for us to avoid confusions. We must know the capability of top coins as well as their reputation. There arw coins that could be on top in just a short period of time and would lose their value later on so we must be very careful.
But for me, the rank determines the potentiality and market capability of a certain project. It is usually based on the market demand but I agree about doing more research as holding them long-term, it was better to have the assurance that this project will last longer than those in hyped projects. It is really a big mistake from jumping into the crypto without doing any research but if we just invest in Ethereum and BNB, it is something we don't need anymore.

There were top 40 altcoins that can't be even found today's top 1000 CMC list. The reason is simple, without excuses it doesn't worth to invest and many investors have decided to choose alternative projects instead of doing same pump/dump on same coin,IMHO.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: abel1337 on January 16, 2023, 10:06:47 PM
Nice analysis but let's don't forget market cycles. The more you make research you dicvover it is not only about the specific project but more about the general market nature. Market works with cycles and you have be in right project at the right time. Otherwise, the great project can't even hit 2x of your initial investment during bear market cycle.

There are reasons why top coins are on top. They might be on trend or hype, they have a huge potential or they are going along with the movement of Bitcoin. So being on top isn't a reason enough for us to stick on them but rather do a research about their potential first for us to avoid confusions. We must know the capability of top coins as well as their reputation. There arw coins that could be on top in just a short period of time and would lose their value later on so we must be very careful.
But for me, the rank determines the potentiality and market capability of a certain project. It is usually based on the market demand but I agree about doing more research as holding them long-term, it was better to have the assurance that this project will last longer than those in hyped projects. It is really a big mistake from jumping into the crypto without doing any research but if we just invest in Ethereum and BNB, it is something we don't need anymore.

There were top 40 altcoins that can't be even found today's top 1000 CMC list. The reason is simple, without excuses it doesn't worth to invest and many investors have decided to choose alternative projects instead of doing same pump/dump on same coin,IMHO.
Project tends to evolve and older projects are being affected given that new project has new technology in it that leave old projects behind especially if new projects are on trend. People like joining the trend and we can see how powerful joining the trend is last bull market. Even shittiest coins where pumped last bull market because they have the trend qualities. People flocked and taken the chance to ride the trend by joining these projects but yeah end up on a bad situation. Trendy projects tends to enter the top CMC list but after a while going down after it's volume decrease when the hype is fading. 


Title: Re: Don't buy altcoins because they are top altcoins
Post by: RAppleby on January 17, 2023, 07:29:27 AM
Bitcoin is a long-term holding option. If you want to make considerable profits in the short term, you still have to choose altcoins. Although there are many worthless coins in the altcoin, the top of the list is still the target of my choice. If you buy unknown altcoins, your funds may become "tuition fees", and it may disappear overnight.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Ozero on April 09, 2023, 06:45:00 AM
Altcoins are good investment with increased risk, because of many incidents happening negative with the altcoins. We don't know whether the growth will last for longer time period or not. Most of the altcoins market crash happens out of the lack of development or out of the improper fund handling. With altcoins it is good to keep it for short term profiting as well as into trading.
Still, it is better to invest in top altcoins than in others, especially in meme coins. An example of top altcoins, which are almost always in price, is ethereum. It is safe to invest in this top coin for a long period. Of course, but not a single cryptocurrency is immune from periodic price losses, especially if this movement reflects the general direction of the market. Top altcoins are much safer than others, but you always need to be interested in the prospects for the development of a coin or token in order to make the right decisions in time.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: nur rochid on April 09, 2023, 07:01:53 AM
Altcoins are good investment with increased risk, because of many incidents happening negative with the altcoins. We don't know whether the growth will last for longer time period or not. Most of the altcoins market crash happens out of the lack of development or out of the improper fund handling. With altcoins it is good to keep it for short term profiting as well as into trading.
Still, it is better to invest in top altcoins than in others, especially in meme coins. An example of top altcoins, which are almost always in price, is ethereum. It is safe to invest in this top coin for a long period. Of course, but not a single cryptocurrency is immune from periodic price losses, especially if this movement reflects the general direction of the market. Top altcoins are much safer than others, but you always need to be interested in the prospects for the development of a coin or token in order to make the right decisions in time.
besides that by choosing the top altcoins we can get bigger and relatively safer profits. although the safest investment remains in bitcoin. many people are tempted to invest in cryptocurrencies, but they don't understand it, so in the end people like this are the ones who lose money later because usually they will get panic attacks, so they are not wise in determining their attitude


Title: Re: Don't buy altcoins because they are top altcoins
Post by: RussianEnglishTranslation on April 10, 2023, 03:21:27 AM
Nice post OP. I think that we will see new blockchains like SUI, Q, and Lamina1 in the top 10 for the next cycle. Q for example is a new EVM compatible blockchain with innovative features never seen before in crypto. Consensus is managed by Root Nodes that enforce a legally binding constitution on validators, arbitrate edge cases and slash validators not abiding by the constitution. A DAO and a series of DeFi DApps are built directly into the protocol and can be accessed from https://HQ.Q.org. Gas fees expended when using the built in DApps are redistributed to Q token holders. Integrated staking and gnosis vault. Built in DApps include synthetic assets, lending/borrowing, and a DEX. The protocol also has an integrated zkSNARKs identity system called Q ID, which is suitable for enterprise and government use cases (voting, government ID, compliance). Q has not been listed on an exchange yet, so you are early. Head over to Zealy and you can get Q by performing simple tasks like retweeting posts. SUI is also a big name project with developers from Facebook's DIEM project. Their DAG can do over 150k TPS. Both of these protocols belong in the top 10 compared to BNB and Cardano.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: fvb on April 10, 2023, 05:54:01 AM
I don’t know about project Q tokens, but I’m familiar with SUI and Lamina1. Particularly optimistic about SUI. At the moment, of course, it’s still damp and transactions take a very long time, but I think everything will be finalized in the future.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: errorcode99 on April 10, 2023, 07:59:21 PM
I think that's a lame excuse just because some coins crash doesn't mean others will crash, it's also the utility coins offered by the platform behind them, other coins like ETH and BTC are definitely different from these coins, moreover there are some good exchanges of coins like BNB which reveals how they manage their funds therefore in my opinion investing in this coin is still doing pretty well even now.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: mich on April 11, 2023, 05:18:56 AM
Well I must say if I am buying alt coins it is only top 10 coins on coinmarketcap. I just feel the more volume in a certain alt or project it is better for long term investment.
If there is more people putting their money into it, it gives me more confidence. This is also just less of risk compared to putting my money into a brand new project with no hype in it. More chance of pump and dump then investing in Etheruem or Doge or Caradno as a example.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: andriarto on April 11, 2023, 05:44:33 AM
if you look at the OP list from year to year, it can be seen that bitcoin seems to be unshakable. and when we talk about altcoins, altcoins have a changing position, but since the arrival of ethereum in 2016, ethereum has immediately occupied number 2 on the coin marketcap and shifted xrp, so far ethereum is still the excellent altcoin for investing. if possible, don't invest in new altcoins or mid to lower boards, and of course it has to be short term, not for investing, because the level of risk is high


Title: Re: Don't buy altcoins because they are top altcoins
Post by: gurunanakji777 on April 11, 2023, 07:54:08 AM
It's not just about the altcoin you buy, it also depends on when you buy and sell it. The market doesn't always provide profits, and smart investors sell in a timely manner without getting too greedy. If we consider the long-term prospects of the market, Bitcoin, Ethereum, BNB, and Polygon are the only ones that come to my mind, based on the current market conditions If you are a short-term trader, then there are plenty of options in altcoins.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Cornia on April 11, 2023, 09:53:10 AM
I totally agree with you that it is not right to invest in a coin just because it is the top altcoin. Because the top altcoins are constantly changing. For example, Litecoin was the top 3 coin during the 2017 bullrun. But we saw that LTC was ranked after 15 during the bullrun of 2020-21. Also other coins such as LUNA are no longer among the top coins. So research should be done before investing in any coin.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: ningrum on April 11, 2023, 03:08:59 PM
I totally agree with you that it is not right to invest in a coin just because it is the top altcoin. Because the top altcoins are constantly changing. For example, Litecoin was the top 3 coin during the 2017 bullrun. But we saw that LTC was ranked after 15 during the bullrun of 2020-21. Also other coins such as LUNA are no longer among the top coins. So research should be done before investing in any coin.
there are lots of underated altcoins that you should buy, and indeed don't buy top altcoins like Ethereum or LTC,
look for potential altcoins at rank 200-500 if you are lucky then you will become a rich person in the next bullish season.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Marykeller on April 11, 2023, 06:23:31 PM
There are thousands of altcoins in the cryptosphere, and any that didn't perform well enough to rise to the top will be replaced by another. The market is competitive.

I wouldn't be shocked if within a year or two, we start to notice new altcoins continuing to rank among the top altcoins, and some existing top altcoins will be nowhere to be found.

Every investor should keep in mind the fact that "no cryptocurrency stays at the top forever." If you want to invest, buy popular coins with the intention of selling them or converting them to bitcoin when their value soars. But, never hodl it for longer than a year or two because anything can happen during that time (such as an altcoin losing its value or fading out totally), leaving you at a loss.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: judaspriest on April 11, 2023, 08:03:07 PM
It's not just about the altcoin you buy, it also depends on when you buy and sell it. The market doesn't always provide profits, and smart investors sell in a timely manner without getting too greedy. If we consider the long-term prospects of the market, Bitcoin, Ethereum, BNB, and Polygon are the only ones that come to my mind, based on the current market conditions If you are a short-term trader, then there are plenty of options in altcoins.
That's what I think is important to determine in advance whether for the long term or short term,
of course if talking about the long term prospects the top coins you mentioned are the right choice and will be profitable,
What is certain is to do an analysis first and see market movements.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: borovichok on April 12, 2023, 04:09:01 AM
I totally agree with you that it is not right to invest in a coin just because it is the top altcoin. Because the top altcoins are constantly changing. For example, Litecoin was the top 3 coin during the 2017 bullrun. But we saw that LTC was ranked after 15 during the bullrun of 2020-21. Also other coins such as LUNA are no longer among the top coins. So research should be done before investing in any coin.
Top altcoins have made good bull runups in the past, it's just different to see the new developments in the market that have caused the crash of key projects. Litecoin is currently a dormant project with poor moves in the charts. I didn't make good profits from Litecoin or even the hype LUNA because I was keen on investing the real shitcoins in the market. Shiba Inu and GMT gave me the enormous profits I was looking for in the market, that was a gem bull season and a good time to strike the space with backups setups against altcoins. Anticipating complex research and reviews on altcoins before investing in it is quite amazing because there rewards are unmatched, compared to top altcoins.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Hypnosis00 on April 12, 2023, 11:50:44 AM

Every investor should keep in mind the fact that "no cryptocurrency stays at the top forever." If you want to invest, buy popular coins with the intention of selling them or converting them to bitcoin when their value soars. But, never hodl it for longer than a year or two because anything can happen during that time (such as an altcoin losing its value or fading out totally), leaving you at a loss.
Top coins will always gain more interest than new projects and if ever there is a drop in its rank certainly means something and that is a trust issue.
However, people don't just keep tops coins forever, they'll sure try some experience in buying new coins to compare which is more profitable. In a few years from now, changes will come and it was not because of the tough market competition but it is because the mindset of the investors had also changed. What matters for them is profit, not rank as we can't deny that the new project is more profitable but yes, it is too risky as most of them are scams.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: ultrloa on April 12, 2023, 12:25:14 PM

Every investor should keep in mind the fact that "no cryptocurrency stays at the top forever." If you want to invest, buy popular coins with the intention of selling them or converting them to bitcoin when their value soars. But, never hodl it for longer than a year or two because anything can happen during that time (such as an altcoin losing its value or fading out totally), leaving you at a loss.
Top coins will always gain more interest than new projects and if ever there is a drop in its rank certainly means something and that is a trust issue.
However, people don't just keep tops coins forever, they'll sure try some experience in buying new coins to compare which is more profitable. In a few years from now, changes will come and it was not because of the tough market competition but it is because the mindset of the investors had also changed. What matters for them is profit, not rank as we can't deny that the new project is more profitable but yes, it is too risky as most of them are scams.

Investors are there buying some top coins in the market because they think they are the safest coin to invest. But same as what you said they are not there to hold but rather to take chance to gain when the price pump.

This is what common thing happen since by now bullish market condition is questionable and many trade for short term to gain for the current small bullish run happening these days.

But also what I notice investor is also seeing the rank of the coin as valid points for them to hold but as what OP discuss the unfortunate incident happen to Luna and FTT is indicator that we should be realistic approach on the the coins and never be greedy on projecting some profits on your acquired crypto's.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: coin-investor on April 12, 2023, 01:32:02 PM
Coins like, Peercoin, Namecoin, Feathercoin, World coin, and Novacoin are all the best shitcoins of their time, you can't use them to compare with Polygon Matic and Cardano, real use case and better adoption is what keeps coins at the top ranks that's why BNB and ETH will always be on top 10.


We can learn from these top past coins turn shitcoins, by tracing who among these top coins now that are the potential to be shitcoins, adoption, community support, and dedicated developers are what keep these top coins from turning to shitcoins.
These top coins turn shitcoins are just clones of Bitcoin or they have an obsolete chain, investors should not be contented with the top coins they are holding because history always repeats itself, and you don't want any coins in your portfolio to become shitcoins even if they are performing well in the current market.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Hispo on April 12, 2023, 04:28:29 PM
In my personal opinion, the Case of Dash is specially painful because it was a very promising project and it seems that had something to offer to the world with the governance system, their master nodes, fast and cheap transactions. It even had advertisement here in my country which I think it was paid for the governance of the protocol.

It has fallen from grace very badly, now that fast transactions and governance systems are not something a protocol can show off and expect people to feel impressed about.

Altcoins adapt or die.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: adzino on April 12, 2023, 10:32:53 PM
By top altcoins, most people actually mean coins that are well established and has active team that keeps on developing their project. They have a community where they actually contribute to the project (instead of screaming when moon or trolling around). Usually, those are the coins that are on the top based on marketcap. Usually it is "safer" than to invest in other random altcoins. Yeah, they don't always stay at the top. Eventually, other altcoins takeover, but you losing a lot of money is very unlikely. Just make sure you do your research and invest only what you can afford to lose.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: abralzain17 on April 12, 2023, 11:29:51 PM
the top position occupied by an altcoin will not guarantee that it is a quality or good altcoin, it is possible that the altcoin's ranking on Cmc is in the top ranking due to the hype of having large trading volume, but only at certain times.
well, therefore to invest in Altcoins it is very important to do research and analysis so as not to fall for the Hype and ranking obtained by an Altcoin.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Fredomago on April 13, 2023, 03:15:32 PM
By top altcoins, most people actually mean coins that are well established and has active team that keeps on developing their project. They have a community where they actually contribute to the project (instead of screaming when moon or trolling around). Usually, those are the coins that are on the top based on marketcap. Usually it is "safer" than to invest in other random altcoins. Yeah, they don't always stay at the top. Eventually, other altcoins takeover, but you losing a lot of money is very unlikely. Just make sure you do your research and invest only what you can afford to lose.

Very important is your research before involving yourself into investment. Top alts just like you mentioned do have community and development that backing up the project unlike with new assets who are moving by means of pump and dump and eventually will die naturally. Safer in terms of continuous development and with the community who do believe that it will bring decent benefits.

It's your good knowledge that may identify the value of your investment using top coins that really have good potentials in continuous market movements.

the top position occupied by an altcoin will not guarantee that it is a quality or good altcoin, it is possible that the altcoin's ranking on Cmc is in the top ranking due to the hype of having large trading volume, but only at certain times.
well, therefore to invest in Altcoins it is very important to do research and analysis so as not to fall for the Hype and ranking obtained by an Altcoin.

Like what I mentioned from my above reply, it's more on doing your good research and balancing the potential of the project that you will going to use as investment instrument, more on how deep you understand from studying the potential usages of the project, top coin most of the time may stay on top if usages is really being facilitated by both community and crypto supporters.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: abralzain17 on April 13, 2023, 08:39:48 PM
By top altcoins, most people actually mean coins that are well established and has active team that keeps on developing their project. They have a community where they actually contribute to the project (instead of screaming when moon or trolling around). Usually, those are the coins that are on the top based on marketcap. Usually it is "safer" than to invest in other random altcoins. Yeah, they don't always stay at the top. Eventually, other altcoins takeover, but you losing a lot of money is very unlikely. Just make sure you do your research and invest only what you can afford to lose.

Very important is your research before involving yourself into investment. Top alts just like you mentioned do have community and development that backing up the project unlike with new assets who are moving by means of pump and dump and eventually will die naturally. Safer in terms of continuous development and with the community who do believe that it will bring decent benefits.

It's your good knowledge that may identify the value of your investment using top coins that really have good potentials in continuous market movements.

the top position occupied by an altcoin will not guarantee that it is a quality or good altcoin, it is possible that the altcoin's ranking on Cmc is in the top ranking due to the hype of having large trading volume, but only at certain times.
well, therefore to invest in Altcoins it is very important to do research and analysis so as not to fall for the Hype and ranking obtained by an Altcoin.

Like what I mentioned from my above reply, it's more on doing your good research and balancing the potential of the project that you will going to use as investment instrument, more on how deep you understand from studying the potential usages of the project, top coin most of the time may stay on top if usages is really being facilitated by both community and crypto supporters.

Yes, of course if the altcoin that has the most use cases will always have the top ranking, besides that the altcoin usually has large holders with a community that has been formed since the altcoin was launched and in my opinion there is no need to do research, I see it that way. for example like ethereum and BnB, of course these two altcoins are very popular altcoins among the community and their holders with the most use cases so they are always at the top


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Fredomago on April 15, 2023, 08:14:00 AM

Yes, of course if the altcoin that has the most use cases will always have the top ranking, besides that the altcoin usually has large holders with a community that has been formed since the altcoin was launched and in my opinion there is no need to do research, I see it that way. for example like ethereum and BnB, of course these two altcoins are very popular altcoins among the community and their holders with the most use cases so they are always at the top

In the same manner, you still need to research if you are aiming for a short-term trade but if you are looking for better compensation and you are willing to hold long, I'm pretty sure that with that qualification you can use both ETH and BNB for your investment and hold till it reach your target price.

Always depends or relying on how you understand and how you will project your target. Keeping your knowledge updated will allow you to invest with old and new coins whatever desire you have to earn decent benefits.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: yohananaomi on April 16, 2023, 01:18:20 AM
the top position occupied by an altcoin will not guarantee that it is a quality or good altcoin, it is possible that the altcoin's ranking on Cmc is in the top ranking due to the hype of having large trading volume, but only at certain times.
well, therefore to invest in Altcoins it is very important to do research and analysis so as not to fall for the Hype and ranking obtained by an Altcoin.
if indeed you can do research and analysis it is very important and can be a guideline that can be done well because the analysis itself will give you the confidence to be able to determine what we will do but not all of us can and are able to analyze as you say, so there is no it's wrong to use the best rating on CMC as a reference for where the funds we have will be invested, even though it doesn't guarantee as good as your own analysis but at least you don't get stuck on things that might be detrimental.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: BlackBoss_ on November 14, 2023, 10:34:46 AM
When a new bull run comes, there is another warning about risk with altcoins.

It's your money and you can choose whatever things you love to spend your money to exchange those things but in cryptocurrency market, remember that altcoins are very risky and Bitcoin is always the King of this market.

Please discuss if you disagree that Bitcoin is not the King and altcoins are not more risky than Bitcoin.
https://pbs.twimg.com/media/F-z_ISCW4AAM5Dd?format=jpg&name=900x900 (https://twitter.com/relai_app/status/1724138811184287942)


Title: Re: Don't buy altcoins because they are top altcoins
Post by: libert19 on November 14, 2023, 01:08:26 PM
That's quite correct and Terra's fall among top altcoins was doom for many. I don't buy alts that I don't use, it sorta forces me to stay updated with it's development, and when you see team lagging behind or making stupid decisions or something that blips your radar you get out of it.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Belarge on November 14, 2023, 10:05:41 PM
That's quite correct and Terra's fall among top altcoins was doom for many. I don't buy alts that I don't use, it sorta forces me to stay updated with it's development, and when you see team lagging behind or making stupid decisions or something that blips your radar you get out of it.
Altcoins are the main projects to invest in and its easily used by traders for scalping good entries in the market. Unfavorable season might turn one to become one of very different person that thinks Cryptocurrency is scam because they've practically try every possible means to milk the system, then it seems things are not working as plan, giving the investor double mindset and doubt of either quiting or continue. Terra Luna did alot of terrible things to investors, Terra Luna dump was as a result of the bear season and whales were busy selling of hugh pieces of the coin which suddenly resulted in the dump of the projects.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: libert19 on November 15, 2023, 04:07:36 AM
That's quite correct and Terra's fall among top altcoins was doom for many. I don't buy alts that I don't use, it sorta forces me to stay updated with it's development, and when you see team lagging behind or making stupid decisions or something that blips your radar you get out of it.
Terra Luna dump was as a result of the bear season and whales were busy selling of hugh pieces of the coin which suddenly resulted in the dump of the projects.

Terra Luna fall wasn't exactly result of bear season, rather how UST and Terra Luna were interlinked together, there are plenty articles explaining why and how it happened, it sorta gave fuel to further bear market season tho.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: dansus021 on November 15, 2023, 05:01:43 AM
I think it because the technology and the purpose of coin is evolving for now eth bnb btc is will be on the list because bnb has the biggest centralized exchange and smart chain the eth back bone of the Decentralized App and btc you know the reason why. So if i have to choose to buy im going to buy the 3 of them as long the community and the developer still active.

back in 2014 when i know this forum most of the coin just had purpose to used as daily transactions and offer speed and pretty much that it but today it beyond that there is playing game use as daily transactrion trading, some real world investment and lot other


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Magic-Money on November 15, 2023, 11:25:13 AM
Cryptocurrency market history is transparent to everyone else that's want to know Bitcoin price changing from time to time and even yearly as the report of the history been stated, and investing in alt-coins has it own risk involved, which occurred during last Bull of cryptocurrency market and is more safe to invest in Bitcoin, than alt-coins because the risk involved. Which was happened to Luna Coin.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: virasisog on November 15, 2023, 11:57:04 AM
If you want to buy altcoin, buy those altcoins that have potential to be on the top list because top list would always be changed.
There are some who managed stay at top list but if you want to make a big profit from altcoins then go for those who could make it to the top while they are still at a low price.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: God bless u on November 15, 2023, 12:03:16 PM
That's quite correct and Terra's fall among top altcoins was doom for many. I don't buy alts that I don't use, it sorta forces me to stay updated with it's development, and when you see team lagging behind or making stupid decisions or something that blips your radar you get out of it.
Terra Luna dump was as a result of the bear season and whales were busy selling of hugh pieces of the coin which suddenly resulted in the dump of the projects.

Terra Luna fall wasn't exactly result of bear season, rather how UST and Terra Luna were interlinked together, there are plenty articles explaining why and how it happened, it sorta gave fuel to further bear market season tho.

We cannot claim directly without proof that Luna problem happened results of bear market but if we look one glance on the failed project then we will found them mostly in the bear market. FTX problem happened in bear market, Hotbit exchange stopped working in bear and many other which clearly gives gesture that bear market is indirect reason of happening all these incidents. I think in the bear markets negative sentiment created in the overall market cause low interest of investor. decrease of fund also happened which force CEO of projects to think about their projects and most project failed there


Title: Re: Don't buy altcoins because they are top altcoins
Post by: icalical on November 15, 2023, 12:30:47 PM
Sure, buying altcoins just because it's the top marketcap on Coinmarketcap is not right, but with millions of altcoins that currently on the crypto market, how could we narrow down the options? do we need to research on those millions altcoins? Who has the time for that?

Those rank on Coinmarketcap could be use for a filter, get into any investment just because of a single reason is dumb, we need to do a very deep research if we want to spend our money on any investment.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: lixer on November 15, 2023, 07:24:16 PM
Cryptocurrency market history is transparent to everyone else that's want to know Bitcoin price changing from time to time and even yearly as the report of the history been stated, and investing in alt-coins has it own risk involved, which occurred during last Bull of cryptocurrency market and is more safe to invest in Bitcoin, than alt-coins because the risk involved. Which was happened to Luna Coin.
What happened to LUNA surely teaches us a lesson that one should never invest in altcoins and hold them for long-term, no matter how much trust and reputation it has gained because at the end of the day, they are centralized and there are projects and developers and owners that are in control of everything unlike Bitcoin which is standing on itself without anyone having any control over anything including the chain, the transactions, the supply, etc.

So, someone who wants to invest in altcoins, should do it for a moderately shorter period and shouldn't buy and hold and forget about their investment because that is something that can only be done with Bitcoin and not with altcoins as anything at any given time can go wrong with altcoin projects.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: DaNNy001 on November 15, 2023, 07:43:48 PM
Sure, buying altcoins just because it's the top marketcap on Coinmarketcap is not right, but with millions of altcoins that currently on the crypto market, how could we narrow down the options? do we need to research on those millions altcoins? Who has the time for that?

Those rank on Coinmarketcap could be use for a filter, get into any investment just because of a single reason is dumb, we need to do a very deep research if we want to spend our money on any investment.
Funny enough, I was in a  meeting yesterday and one of my friends was complaining bitterly about how he bought some altcoins some year back and forget that he bought it , I think doge coin to be specific but he remembered of about the transaction and decided to check back on it and found out that the value has depreciate so badly from even the onset that he bought the coins and I was curious to know why he bought the coins in the first place and he said it  was the trending coin that year and he believed it had alot of potentials which made me relate to actually topic because a coin being at the top doesn't guarantee it success for long.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: electronicash on November 15, 2023, 07:47:33 PM
Sure, buying altcoins just because it's the top marketcap on Coinmarketcap is not right, but with millions of altcoins that currently on the crypto market, how could we narrow down the options? do we need to research on those millions altcoins? Who has the time for that?

Those rank on Coinmarketcap could be use for a filter, get into any investment just because of a single reason is dumb, we need to do a very deep research if we want to spend our money on any investment.

there are few that still maintains their status as ranked coin though XRP and ADA seem to have kept their position among the top coins on CMC. the one that is unbelievable is the dogecoin which was nowhere to be found since 2013 but suddenly arose there on top in 2020. but its also true that top coins back then are dropping like they do have an unsustainable ecosystem. i remember holding a lot of bitshares.

looking at the first page, WorldCoin already exists since 2013? this is the project that scans the iris of the mall goers. the plan to enslave the world started way back.  ;D


Title: Re: Don't buy altcoins because they are top altcoins
Post by: huu78 on November 16, 2023, 06:01:49 AM
So what I want to emphasize here is that projects that have no development or are stuck without any new progress will not last long, because in crypto which is still new, every year development will continue to occur, so projects that do not have innovation will be left behind.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: batang_bitcoin on November 16, 2023, 06:58:15 AM
So what I want to emphasize here is that projects that have no development or are stuck without any new progress will not last long
Leave those projects that have no progress at all. You get nothing from there but if you do, it's just all about taking profits.

because in crypto which is still new, every year development will continue to occur, so projects that do not have innovation will be left behind.
Many of the new projects are active in development but you see them delay or becomes slow in the midst of their development. And that happens when they seem to reach their first goals of having investors on their back but then, they're breaking their expectations.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Bushdark on November 16, 2023, 08:00:52 AM
the top position occupied by an altcoin will not guarantee that it is a quality or good altcoin, it is possible that the altcoin's ranking on Cmc is in the top ranking due to the hype of having large trading volume, but only at certain times.
well, therefore to invest in Altcoins it is very important to do research and analysis so as not to fall for the Hype and ranking obtained by an Altcoin.
I don't even suggest for people to buy top coin because we might not be able to make good profits from such projects. Those people that had invested in the early stage might have made a lot of profits already while investing at the top is good but not advisable. We might not make good profits from such profits. It is good when we invest in altcoins at the early stage so that we can utilize the profits. We need to understand that investing in the Crypto market is very risky but if we are ready to take risks then making profits from the altcoins market can be very fortunate for us.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Dr.Bitcoin_Strange on November 16, 2023, 10:26:24 AM
So what I want to emphasize here is that projects that have no development or are stuck without any new progress will not last long, because in crypto which is still new, every year development will continue to occur, so projects that do not have innovation will be left behind.

Yes, you are right, but another thing is that some projects can actually be doing well and improving in their service and road map, but that's not really a guarantee that the project will not fail and investors funds will just go to waste. There was one project I came across in 2021, and when I saw this project on Twitter, they had not yet listed their coins on any exchange. They were doing some airdrops to promote the coin, and they were also developing the project according to their road map; they even had to burn some of their tokens. Despite all that, investors just kept buying the coin, and those project owners made some millions of dollars from people's invested funds, and lastly, they disappeared towards the period during which they promised they were going to list the coin on the exchange.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: justdimin on November 19, 2023, 04:51:33 AM
So what I want to emphasize here is that projects that have no development or are stuck without any new progress will not last long, because in crypto which is still new, every year development will continue to occur, so projects that do not have innovation will be left behind.
Agree for those who don't have a development but not really for those who only get stuck, as that can happen to almost anyone and it does not mean that all of them will remain like that but many are also brainstorming if how can they get out of it and what can they do next to keep the fire burning. Cryptos in general are not new because the first crypto BTC, started in 2009.

But, there are so many new cryptos that are still being created from time to time. Developments can differ from project to project. We can refer to their road maps for this. While if you mean the development of the overall crypto, sometimes it can happen earlier or later than a year.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Sophokles on November 19, 2023, 07:04:09 AM
ETH and xrp are some consistent performer till now and I am expecting big from those two from the next bull season as well. Altcoin ranking is ever changing but if you are holding alts from top 100 then I think you will still have time to exit from the market if anything goes wrong with your project. Altcoin is not for long term holding. You made profit from a altcoin forget about it if it's not doing well in terms of development.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Samlucky O on November 19, 2023, 08:10:35 AM
That is definitely true. Buying altcoin due to hype or top in Crypto market, could get you in trouble. I could remember when Luna coin crashed I was a victim of it I had som money invested on it but wasn't a lot though. But I was shocked and think that it was a network glich or an error in my wallet but when I went to coingecho to check, to my greatest suprise it was same as that on my wallet I was astonished and started thinking that had it been I invested more than this, probably I would just be financial bankrupt. So investing on altcoin should be done with caution.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Bushdark on November 19, 2023, 10:54:39 AM
ETH and xrp are some consistent performer till now and I am expecting big from those two from the next bull season as well. Altcoin ranking is ever changing but if you are holding alts from top 100 then I think you will still have time to exit from the market if anything goes wrong with your project. Altcoin is not for long term holding. You made profit from a altcoin forget about it if it's not doing well in terms of development.
Ethereum is a good project and we can also make good profits from it like some other reliable project that have good Community and plans. For us to make profits from the market, we must know when we invest and when to leave the market and take our profits.
This is one of the mistakes many investors and traders make that keep them with loses. We don't know to stay too long in the market when we kmhave no full trust on the project we are holding. It is better to sell and take profit than to leave it to crash and lose.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: el kaka22 on November 23, 2023, 04:22:10 AM
^I do believe that bitcoin is the king, I do like it and that's why most of my money is in bitcoin. That doesn't mean I do not like taking risks, I do invest into ETH and BNB and LTC as well, those three are the majority I have in alts, I do not have much other else, some chump change in here and there with some tokens but the total of all of them must be under 100 dollars to be fair, so nothing major.

Most of the money is in bitcoin and the other three coins, that's 99% of my portfolio, and 50%+ of it is in bitcoin so even the other alts are not that much. I realize that bitcoin is the best one and I invest accordingly, but I also take my time to learn what's going on and what I can do about it and how I can get it to improve in the end. There are a lot of people who do not understand how they should approach it, they think that sticking with just bitcoin is good enough, or going with crazy coins would be more profitable, I believe I am the middle ground and more reasonable.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: AnonBitCoiner on November 23, 2023, 01:54:43 PM
Ethereum is a good project and we can also make good profits from it like some other reliable project that have good Community and plans. For us to make profits from the market, we must know when we invest and when to leave the market and take our profits.
This is one of the mistakes many investors and traders make that keep them with loses. We don't know to stay too long in the market when we kmhave no full trust on the project we are holding. It is better to sell and take profit than to leave it to crash and lose.

Ethereum is good option because as success the bitcoin attained same is with the case of Ethereum. Although it is an altcoin but Ethereum show a better achievement in less time and is totally different because altcoins which are originated sometimes loss its value but Ethereum is getting more important day by day but didn't reduce value. Staying for prolong timing is a key to achievement but if someone lack the exact knowledge of holding then I think he should first realize about holding. Top altcoins are successful so in my opinion we should always prefer top altcoins but newly originated altcoins are difficult for giving you profit.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: martinex on November 23, 2023, 02:26:40 PM
Ethereum is good option because as success the bitcoin attained same is with the case of Ethereum. Although it is an altcoin but Ethereum show a better achievement in less time and is totally different because altcoins which are originated sometimes loss its value but Ethereum is getting more important day by day but didn't reduce value. Staying for prolong timing is a key to achievement but if someone lack the exact knowledge of holding then I think he should first realize about holding. Top altcoins are successful so in my opinion we should always prefer top altcoins but newly originated altcoins are difficult for giving you profit.

Even though Ethereum seems expensive compared to other altcoints, it is high quality. Yes. I love ETH and it's my no. 2 favorite after BTC. So, from the historical snapshot attached the OP describes his journey. So, even though the average selection of asti people varies for the top 10 positions, at least we are in it.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: oktana on November 23, 2023, 11:41:03 PM
I think this is based on the use case of the coin involved. If the use case isn’t really moving or being noticed, the project will definitely die off because something more attractive and popular and probably with even better use case has come. If we look at Ethereum, we can see why it is never coming down or going to hell like the FTT, etc. Ethereum is a power house, so many platforms are built on it so many tokens are on the same blockchain, yet the token is needed for transaction fee. That’s just more than enough use case. Tells a lot about how long Ethereum Blockchain as a whole can stay.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: johnsaributua on November 24, 2023, 01:07:57 AM
I think this is based on the use case of the coin involved. If the use case isn’t really moving or being noticed, the project will definitely die off because something more attractive and popular and probably with even better use case has come. If we look at Ethereum, we can see why it is never coming down or going to hell like the FTT, etc. Ethereum is a power house, so many platforms are built on it so many tokens are on the same blockchain, yet the token is needed for transaction fee. That’s just more than enough use case. Tells a lot about how long Ethereum Blockchain as a whole can stay.
ethreum has strong fundamentals, I agree with you that if an altcoin has a function that many people need, including large companies also keep it, it will continue to be used even though the gas fee is expensive, as cheap as gwei is still not comparable to other altcoins such as bnb, even the transaction density has not decreased. ethreum is proof of dev's success that altcoins are able to be considered for transactions, even refined with several hardforks such as Ethereum Classic (ETC), almost every day I see in the telegram channel about a project, there are people who use ethreum as their ride network, that the new oracle belief about ethreum is still in great demand even though ethreum is one of the most expensive altcoins. especially those who often use fluctuating ethreum are not an obstacle to using ethreum.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Freddie Boyer on November 29, 2023, 08:55:43 AM
ETH and xrp are some consistent performer till now and I am expecting big from those two from the next bull season as well. Altcoin ranking is ever changing but if you are holding alts from top 100 then I think you will still have time to exit from the market if anything goes wrong with your project. Altcoin is not for long term holding. You made profit from a altcoin forget about it if it's not doing well in terms of development.

True and it can always happen that Altcoin Ratings change in terms of ranking. Well, interesting and what about DOGE? does that apply too? The future potential feels like Doge will go to $1 quickly because the highest price is only $0.73, a difference of $0.27 to get out of that price.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Fredomago on November 29, 2023, 12:28:12 PM
ETH and xrp are some consistent performer till now and I am expecting big from those two from the next bull season as well. Altcoin ranking is ever changing but if you are holding alts from top 100 then I think you will still have time to exit from the market if anything goes wrong with your project. Altcoin is not for long term holding. You made profit from a altcoin forget about it if it's not doing well in terms of development.

True and it can always happen that Altcoin Ratings change in terms of ranking. Well, interesting and what about DOGE? does that apply too? The future potential feels like Doge will go to $1 quickly because the highest price is only $0.73, a difference of $0.27 to get out of that price.

Not by far if Elon will play again with his dog, for now it's a big risk for someone who can't wait as chances to pump or dump is always around, if your timing is not right expect that you will lose a lot while if you have that long patience chances to win and earn more would be for you as your rewards.

You can take whatever investment or whatever coin/s you think will pump, just put in some good effort to research and analyze the potential so you can extend your patience and wait.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: Bushdark on November 29, 2023, 07:21:09 PM
ETH and xrp are some consistent performer till now and I am expecting big from those two from the next bull season as well. Altcoin ranking is ever changing but if you are holding alts from top 100 then I think you will still have time to exit from the market if anything goes wrong with your project. Altcoin is not for long term holding. You made profit from a altcoin forget about it if it's not doing well in terms of development.

True and it can always happen that Altcoin Ratings change in terms of ranking. Well, interesting and what about DOGE? does that apply too? The future potential feels like Doge will go to $1 quickly because the highest price is only $0.73, a difference of $0.27 to get out of that price.
Buying atcoins because they are at the top is not always a good move because they could be at the top and suddenly start depreciatimg price. It is good when we buy coin when the price is low and have not moved far especially if the coin is a promising coin.
Crypto market is large and there arf different coins we can buy and hold waiting for the price of Bitcoin to skyrocket before we can start seeing huge movement in price of different projects..


Title: Re: Don't buy altcoins because they are top altcoins
Post by: JeffBrad12 on November 29, 2023, 11:04:08 PM
I think this is based on the use case of the coin involved. If the use case isn’t really moving or being noticed, the project will definitely die off because something more attractive and popular and probably with even better use case has come. If we look at Ethereum, we can see why it is never coming down or going to hell like the FTT, etc. Ethereum is a power house, so many platforms are built on it so many tokens are on the same blockchain, yet the token is needed for transaction fee. That’s just more than enough use case. Tells a lot about how long Ethereum Blockchain as a whole can stay.
ethereum undoubtedly has the most used utility right now, the transaction fee alone already speaks a lot about the real utility that ethereum is having. even there are so many L1 blockchain that inherit their underlying system from EVM with a little of modification and succeeds gathering millions of dollars investment easily.
Ethereum is truly revolutionizing with its feature honestly the smart contract is just too good.
this is the case with altcoin that have real utility, its time less, doesn't matter at what time it is maybe few decades into the future we would still see ethereum getting valued high because the upgrade keeps rolling out and the demands will definitely persists.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: oktana on November 30, 2023, 10:32:26 PM
I think this is based on the use case of the coin involved. If the use case isn’t really moving or being noticed, the project will definitely die off because something more attractive and popular and probably with even better use case has come. If we look at Ethereum, we can see why it is never coming down or going to hell like the FTT, etc. Ethereum is a power house, so many platforms are built on it so many tokens are on the same blockchain, yet the token is needed for transaction fee. That’s just more than enough use case. Tells a lot about how long Ethereum Blockchain as a whole can stay.
ethereum undoubtedly has the most used utility right now, the transaction fee alone already speaks a lot about the real utility that ethereum is having. even there are so many L1 blockchain that inherit their underlying system from EVM with a little of modification and succeeds gathering millions of dollars investment easily.
Ethereum is truly revolutionizing with its feature honestly the smart contract is just too good.
this is the case with altcoin that have real utility, its time less, doesn't matter at what time it is maybe few decades into the future we would still see ethereum getting valued high because the upgrade keeps rolling out and the demands will definitely persists.
Regarding the transaction fee: Unfortunately, the transaction fee is the reason why I started disliking Ethereum as a whole. I’m not saying I don’t/won’t invest in it, but I miss the days when transaction fee was little to nothing. Back then when people were still discovering more about smart contracts. Well, I like to choose BNB over ethereum when it comes to transaction fees. However, I respect both projects as I totally understand they are all unique in their own different ways.


Title: Re: Don't buy altcoins because they are top altcoins
Post by: nimogsm on December 01, 2023, 02:31:08 PM
ETH and xrp are some consistent performer till now and I am expecting big from those two from the next bull season as well. Altcoin ranking is ever changing but if you are holding alts from top 100 then I think you will still have time to exit from the market if anything goes wrong with your project. Altcoin is not for long term holding. You made profit from a altcoin forget about it if it's not doing well in terms of development.

True and it can always happen that Altcoin Ratings change in terms of ranking. Well, interesting and what about DOGE? does that apply too? The future potential feels like Doge will go to $1 quickly because the highest price is only $0.73, a difference of $0.27 to get out of that price.
for the future potential, doge should be used somewhere en masse, be it payment for some services or simply as a tool for payment. At the moment, this is another speculative instrument that is very dependent on Elon Musk, since only his tweets can cause price fluctuations and this is not very good actually. Now the community has little need for an old leader who can raise interest in the project again.