significance of different altcoilns

[mamesso]

Hey Guys, im still very new to crypto.  is there a resource to learn about the significance of different altcoins before investing?

Entering 2021 Cryptocurrency continues its positive trend. The increase in cryptocurrency prices earlier this year is proof of public confidence in crypto assets as a promising investment option. Before starting to invest, you have to consider all the possibilities that could happen, because investing in crypto can be said to be more difficult than traditional assets and stocks, because of the high volatility and risks involved in it. So it takes proper planning to make a profit.

significance of different altcoilns.

Yeah, especially if you are new to cryptocurrency, it is very important to choose a different altcoin, this is an excellent strategy for newbie investors, This strategy is better known as the stop loss strategy. To find a good altcoin to invests in, you can find it here.

[jaberwock]

I think gaining knowledge is not difficult at this time. a lot of literacy that he can read and understand. once it is sufficient with the knowledge he can start investing. experience will support the knowledge he has. When you want to learn and don't close yourself to growing I think becoming a professional trader or investor will not be difficult.

No matter how much you learn it is always difficult to trust these altcoins because the reality is that hardly 5-10% of the coins reach their potential and even then the price of the token might not reach where you expected it to reach.

I have completely stopped investing in ICOs and projects before their coin is at least listed on a decent exchange and even then, I always see what they are planning in the future which then gives an idea of how the coin will prosper months to follow. There are lots of other criteria need to be applied but we must begin with at least 3 to 5 strategies.

[molsewid]

there is still a lot of time to learn, don't immediately take the decision to invest in a different coin, but try to be more thorough and need a deeper analysis of doing it. I am only sharing experiences that I have had before.

Too many new projects arises in the market that serves a good services and trying hard to formulate a good market that can be usable and profitable to their respective client or customer, but yeah what you need to do first was to read its whitepaper and feed your mind with so much learning about this new project. But there's a different group oraganizing a live ama that you can join to watch it on live and be informed about their projects. So yeah each altcoins has their own kind of significance in the market today.

[SacriFries11]

For difference between altcoin out there and a lot of stuff related to cryptocurrencies.
I highly recommend https://99bitcoins.com. You can learn a lot of things in their website, they have also youtube channel that have weekly news about
cryptocurrency which you can use it as fundamental analysis and to keep updated in the current news about crypto world.
Some altcoins have different platform and use so learn how you will keep updated about them.
Don't get bored in researching and finding crypto that have huge potential someday.
Don't ways your time in some new altcoins, they always have high risks they will not get survive in the market and some of them are scams.

[Maslate]

there is still a lot of time to learn, don't immediately take the decision to invest in a different coin, but try to be more thorough and need a deeper analysis of doing it. I am only sharing experiences that I have had before.

Too many new projects arises in the market that serves a good services and trying hard to formulate a good market that can be usable and profitable to their respective client or customer, but yeah what you need to do first was to read its whitepaper and feed your mind with so much learning about this new project. But there's a different group oraganizing a live ama that you can join to watch it on live and be informed about their projects. So yeah each altcoins has their own kind of significance in the market today.

That "too many" makes newcomers confuse themselves who is telling right or who is not. That is why I suggest just check https://coinmarketcap.com/ as it was considered the most reliable resource of information about crypto.

We have to be careful visiting sites and that need to check if we are visiting the right or legit one. Some are just clickbait, can't ignore that because many people were trying to trick people for their own benefits.

[iTradeChips]

Hey Guys, im still very new to crypto.  is there a resource to learn about the significance of different altcoins before investing?

1. Most of the altcoins are shitcoins that are there for sole reason of pump and dump with no use cases.
2. I would suggest you app which give signals about altcoins’s listing on various exchanges and news about them.
2.1 - Blockfolio is the app I’m using to keep track of altcoins and news about them, I’m running that app on iOS and not sure if android version is there, but you can check

There are people giving their reviews on youtube regarding various altcoins, the one that i watched was “CoinBloq” but e stopped uploading his content last year. People here can suggest you various youtube channels but proceed with caution when revising new content regarding altcoins.

There is an android version of Blockfolio and it is a good app because it gives you almost all possible information about crypto. Like the charts and the news, which have been very useful so far in making some decisions about trading and new news about new projects. As far as the alts are concerned, try to concentrate on the main ones, the top alts in the top 30 and then make your decision to see which ones you want to invest with.

[Om.monata]

coinmarketcap you can make a choice. My advice to choose rank 1-20 it is a potential coin with different prices, and various exchange sources. You can adjust to your budget and conduct analysis before buying for investment

[Fredomago]

there is still a lot of time to learn, don't immediately take the decision to invest in a different coin, but try to be more thorough and need a deeper analysis of doing it. I am only sharing experiences that I have had before.

Too many new projects arises in the market that serves a good services and trying hard to formulate a good market that can be usable and profitable to their respective client or customer, but yeah what you need to do first was to read its whitepaper and feed your mind with so much learning about this new project. But there's a different group oraganizing a live ama that you can join to watch it on live and be informed about their projects. So yeah each altcoins has their own kind of significance in the market today.

That "too many" makes newcomers confuse themselves who is telling right or who is not. That is why I suggest just check https://coinmarketcap.com/ as it was considered the most reliable resource of information about crypto.

We have to be careful visiting sites and that need to check if we are visiting the right or legit one. Some are just clickbait, can't ignore that because many people were trying to trick people for their own benefits.

Very true! there are lots of sites who are doing this for their vested interest. Tricking or pointing some projects to earned from referrals or to earn as paid advertisers,.

Newcomers needs to established in-depth knowledge with the project that they are aiming to follow and support, with this ideas and information they'll just easily acknowledge which coins or which teams are good to support and expect value for their money.

[JooBra]

there is still a lot of time to learn, don't immediately take the decision to invest in a different coin, but try to be more thorough and need a deeper analysis of doing it. I am only sharing experiences that I have had before.

Too many new projects arises in the market that serves a good services and trying hard to formulate a good market that can be usable and profitable to their respective client or customer, but yeah what you need to do first was to read its whitepaper and feed your mind with so much learning about this new project. But there's a different group oraganizing a live ama that you can join to watch it on live and be informed about their projects. So yeah each altcoins has their own kind of significance in the market today.

That "too many" makes newcomers confuse themselves who is telling right or who is not. That is why I suggest just check https://coinmarketcap.com/ as it was considered the most reliable resource of information about crypto.

We have to be careful visiting sites and that need to check if we are visiting the right or legit one. Some are just clickbait, can't ignore that because many people were trying to trick people for their own benefits.

Very true! there are lots of sites who are doing this for their vested interest. Tricking or pointing some projects to earned from referrals or to earn as paid advertisers,.

Newcomers needs to established in-depth knowledge with the project that they are aiming to follow and support, with this ideas and information they'll just easily acknowledge which coins or which teams are good to support and expect value for their money.

Being new in this space is a big challenge but all the things you guys sad is a must. The worst thing you can do is invest money in projects that you don't know what they do.

[donatello345]

Hey Guys, im still very new to crypto.  is there a resource to learn about the significance of different altcoins before investing?

I would advise you to look at all altcoins on these sites, these sites get absolutely all altcoins that will apply:

https://www.coingecko.com/ru
https://dappradar.com/

[jostorres]

is there a resource to learn about the significance of different altcoins before investing?

There are various aspects of measuring the significance of altcoins.

1- Use case: You must understand what an altcoin provides, like ethereum was successful because it introduced the concept of smart contracts and altcoins were built on it. Having good use cases brings more value in long term.

2- Scalability: You should know how the project looks in a few years' time because ultimately the value of the product will decide the price of the tokens.

3- Marketcap: If you are investing in any coin, it takes a few seconds to check their market cap on CMC which tells you how much it is being traded and what is the market volume cap right now. The bigger the cap, the more is the confidence in the coin while investing.

There are other things though so don't sleep on these 3 as I can see some good suggestions from others too. A good link shared by others.

[tygeade]

trader might work on possession of knowledge and more to find ideas with the chance on investment as appealing different news and release from media and developer as followed with the chance on decision with the option for the order confirmation by the market.

On the contrary, I will say never trust any news and articles because they are just paid to shill for some coins. Yes, there are some who actually write the truth but the percentage of such articles is really low and I would rather analyze and invest based on my understanding than investing/trading a coin because someone else recommends it.

Marketcap: If you are investing in any coin, it takes a few seconds to check their market cap on CMC which tells you how much it is being traded and what is the market volume cap right now. The bigger the cap, the more is the confidence in the coin while investing.

Honestly I never believe into marketcap number because in my opinion it is highly a manipulated thing but unfortunately most of the crypto investors are believing into these numbers as their primary criteria while choosing a coin for their investment/trading purposes. Overall, I must say we are all misguided with wrong criteria tools for selecting coins. Your other 2 points are perfect and I agree with them.

[kak uli]

Hey Guys, im still very new to crypto.  is there a resource to learn about the significance of different altcoins before investing?

You can easily find it on the Coinmarketcap website, there you can see and be able to choose your investment. I think you can try investing with several different altcoins, but these altcoins have a good value and potential to invest in. therefore you can access Coinmarketcap and can be learned. I think Coinmarketcap is a good solution for traders in investing.

Not only there, but through several other ranking sites can also be learned by newbies who want to learn to invest, one of which is through coingecko which also provides services that are almost the same as coinmarketcap.

That's right, at Coingecko we can also understand the price and chart of a coin, almost the same as the coinmarketcap. but I find it easier to access via Coinmarketcap.

[Ararbermas]

but I find it easier to access via Coinmarketcap.

Yup, that's why for beginners i highly recommend to visit coinmarketcap as well because its very easy to understand. .wherein even at your very first visit you can easily gets what is the real purpose of the site.. The graph, the level of coins along with the volumes in the market will be displayed in just one click.. So you don't need to ask which coins will be good for investment especially if you're new because all the information are in it.

[TheMimic1]

Hey Guys, im still very new to crypto.  is there a resource to learn about the significance of different altcoins before investing?

The most important part of altcoins is their usability, invest base on high quality usefulness and you will thank me later, using coinmarketcap you can easily figure out why some altcoins have high ranks and why others have low ranks, DYOR

[Cappex]

the many projects offer interesting and different solutions for this reason the first thing to do is to search through the main sites that can be coinmarketcap and coingecko where you will find an overview of all the altcoins present.
You can also stay informed about the news and trends on Cointelegraph.

[Shasha80]

You will have to do your own research and analysis of some of the altcoins you want to buy. So you can find out the difference between each coin,
to be more sure when you decide to invest in these coins. This forum is also quite complete, there are many predictions and discussions of several
altcoins, maybe if you take the time to read a lot of some of the topics in this forum, will find out which coins are really recommended for purchase.
In addition to the information on this forum, you can try visiting the coinmarketcap sites. There, including a very complete display of altcoins
information that is needed.

[Dexion]

if you want to learn to understand it, you can search for it through Google or via Altcoin that you like, at this time because every Altcoin always has a website and a white paper that also explains all the concepts, goals, goals very completely and neatly, learn casually and don't rush -hurry in understanding it so that you can digest all the information properly

[mulia sabee]

there is still a lot of time to learn, don't immediately take the decision to invest in a different coin, but try to be more thorough and need a deeper analysis of doing it. I am only sharing experiences that I have had before.

Too many new projects arises in the market that serves a good services and trying hard to formulate a good market that can be usable and profitable to their respective client or customer, but yeah what you need to do first was to read its whitepaper and feed your mind with so much learning about this new project. But there's a different group oraganizing a live ama that you can join to watch it on live and be informed about their projects. So yeah each altcoins has their own kind of significance in the market today.

That "too many" makes newcomers confuse themselves who is telling right or who is not. That is why I suggest just check https://coinmarketcap.com/ as it was considered the most reliable resource of information about crypto.

We have to be careful visiting sites and that need to check if we are visiting the right or legit one. Some are just clickbait, can't ignore that because many people were trying to trick people for their own benefits.

Very true! there are lots of sites who are doing this for their vested interest. Tricking or pointing some projects to earned from referrals or to earn as paid advertisers,.

Newcomers needs to established in-depth knowledge with the project that they are aiming to follow and support, with this ideas and information they'll just easily acknowledge which coins or which teams are good to support and expect value for their money.

I agree with what you said to avoid losses that will be experienced by many beginner traders in investing in different Altcoins, of course, you need to open https://coinmarketcap.com/, here we can guide and learn to understand the movement of Altcoins in question for investing.

[Matimtim]

Hey Guys, im still very new to crypto.  is there a resource to learn about the significance of different altcoins before investing?

I think you're talking about why you need to invest different altcoin,  thus you're asking what is the significance of those coins; its just simple it is better to invest in different place just like what the proverb says, " don't put all eggs in one basket" thus you can easily manage the risk of investing in that way.