Newbies are safer with top altcoins

[Genemind]

Even those who are already in crypto for long have been cautious in investing in new projects since the majority of projects are a scam, without a usecase, or no existing product. Investing in established altcoin is safer if it will be done along with proper research. There are a lot of projects out there that has potential, all you need to do is to do your homework.

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[milandres0207]

If you are a newbie to this field of the industry then you want to earn well here, I guess investing in the altcoins is one of the best tools for us to achieve the big earnings. Although the risk is too high and yet once the token will suddenly increase you are lucky I guess. But if you want to safer to earn bitcoin trading BTCBTC is one of the top coins best to choose for sure for this matter anyway. 

[ije07]

Most beginners rush to get a short return on investment. Well, I also suggest not to invest with new altcoin, at least you need to prioritize bitcoin investments then top altcoins like ETH, BNB, EOS, LTC & Tezos. on the other hand I hope anyone can manage financial management properly before investing or taking part in this industry.

[Kunnu]

Whenever cryptocurrency market goes bearish almost every altcoin goes dumped and top rank doesn't matter at the time so nothing is safe in cryptocurrency and we should understand this simple point anyways it's necessary for newbies to understand the difference between shitcoins and good altcoins so it can be safe for them in this industry.

[kogozer714]

if for beginners who invest in the crypto market, it might be better to find the highest altcoin, have cheap prices and many are listed on the market exchange. And they must study trading to achieve investment targets in the market. I hope they understand first before making a profit in investing.

[Rubick99]

Newbies should be more careful when it comes to investing and having those top altcoins to invest is a good start. Bitcoin may be more profitable as an investment but knowing it has high volatility compared to others, it will make newbies more prone to lose than making profits. Newbies should start making good researches first before deciding to invest.

Bitcoin is too expensive for newbie to trade on it, there are many top altcoins that newbie can afford like doge, xlm, xrp, etc. And don't forget about Money management, no matter good your research or technical money management is most important thing when you will trade on market, take proportional profit for every trade and set stoploss on the acceptable price for you.

[Emilyearl]

Not only the newbies. I like to think top coins based on coinmarketcap ranking is safe for everyone's investment. Not just top Altcoins but top Altcoins that has stayed long in the space. A lot of new Altcoins made it to top 100 this year we cannot fully assertain if these are safe or not but I trust the ones that has stayed for years more than the new ones.

[Anonylz]

Not just newbies, everyone would be better off with top coins, the most trusted is btc we already know that, investment should done with such caution because no one can predict what could happen in future, in my opinion, only btc should be long term, any other alts can be short to mid term, because lately you here cases of exit scam in a project,  or team dumping on holders, etc,
So btc still the safest investment and probably eth to diversify a bit.

[torrantz]

The truth of the matter is no where is safe.. all the coins are just fluctuating due the volatile nature of cryptocurrencies. I will side with you on them going for the top coins due to their only ability to bounce back even if there is a massive dip.

I do agree with your statement and the only safe place was stable coin or crypto that backed by the commodity. Even bitcoin that for some people have already considered as the safest place is still making some newbies getting loses too. There was no safe place when it's coming to the speculation market.

[riso2015]

Not only the newbies. I like to think top coins based on coinmarketcap ranking is safe for everyone's investment. Not just top Altcoins but top Altcoins that has stayed long in the space. A lot of new Altcoins made it to top 100 this year we cannot fully assertain if these are safe or not but I trust the ones that has stayed for years more than the new ones.

Of course, long-surviving coins can also be the right choice for investing. Altcoin which in top 20 is always make a lot of investors who invest there, of course that's because they feel safe with top 20 coins. So it's not only Newbi who feels safe with top coins, all investors also feel like that.

[Lantind]

The truth of the matter is no where is safe.. all the coins are just fluctuating due the volatile nature of cryptocurrencies. I will side with you on them going for the top coins due to their only ability to bounce back even if there is a massive dip.

Obviously, in terms of making a profit on a coin, it is better to choose the old coins rather than new coins or coins that are being developed, because the old coins have very strong foundations despite sudden price drops, but are still able to rise all of a sudden too.

[Vishnu.Reang]

Well.. with the current state of market, it will be really risky to invest in little known coins. The situation is different from the one we had back in 2017. Back then, those who invested in some of the new coins got up to 100x or 200x profit. But nowadays, we need to remember that only a small fraction of the new projects are successful. An even smaller proportion gives good returns to the investors.

[itsv]

well most of the newbies come to crypto space hoping they will get rich by investing small portion of their money to altcoins.
Majority isn't interested in the tech they are only here for the next x100 coin. So for this sort of gains majority of time if you see the top gainers section on the CMC
some random shitcoin post such gains occasionally on  some random shit exchange.

The truth of the matter is no where is safe.. all the coins are just fluctuating due the volatile nature of cryptocurrencies. I will side with you on them going for the top coins due to their only ability to bounce back even if there is a massive dip.

Obviously, in terms of making a profit on a coin, it is better to choose the old coins rather than new coins or coins that are being developed, because the old coins have very strong foundations despite sudden price drops, but are still able to rise all of a sudden too.

yes it's true but greed is the primary motive here most of the newbies aren't interest in 5-10% gains they are looking for 3 digit gains.

[ReiMomo]

Not only the newbies. I like to think top coins based on coinmarketcap ranking is safe for everyone's investment. Not just top Altcoins but top Altcoins that has stayed long in the space. A lot of new Altcoins made it to top 100 this year we cannot fully assertain if these are safe or not but I trust the ones that has stayed for years more than the new ones.

Of course, long-surviving coins can also be the right choice for investing. Altcoin which in top 20 is always make a lot of investors who invest there, of course that's because they feel safe with top 20 coins. So it's not only Newbi who feels safe with top coins, all investors also feel like that.

But you need this to monitor because as I have observed the last year, altcoins in the top 10 were now on the top 30. So maybe you could not able to store this in the long term. What I mean is altcoins are not potential for long term holding, maybe it is profitable if in the short term only and under your observation of course. Maybe the top 10 altcoins are considered as safe but not long term.

[cassavachips]

Beginners do have to start by investing in projects that have been running for quite a long time and of course it's good, they can invest in bitcoin or altcoin major like ethereum and others. But that does not guarantee 100% safe because basically cryptocurrency has a high risk.

[minairia3]

But nowadays, we need to remember that only a small fraction of the new projects are successful. An even smaller proportion gives good returns to the investors.

If Im going to rate it or at least says in percentage I think 90% of those new coins can survive or at least stay for 5years. Newbies shoulf understand that mostly these coins are created or even launched to gain profits in trading. From what I see, only existing coins are still alive and if you notice the market list, top 50 are those stable and just play on position on the ranking. Few only got listed then eventually stay for years. Give or take most coins are probably will died out 5years or out of 10 projects only 2 will be retain. The ratio is small but thats the truth.

[Review Master]

Beginners do have to start by investing in projects that have been running for quite a long time and of course it's good, they can invest in bitcoin or altcoin major like ethereum and others. But that does not guarantee 100% safe because basically cryptocurrency has a high risk.

If beginners invest in those projects which are already running more than 2-3 years, i mean which started in 2017 or 2018, than it can be a risky things for them. As most of the Foundation and team member's tokens are already unlocked, it can a game of pump-dump. So, it's better for everyone to invest in those old project which have real potentiality as well as use-cases for the upcoming days. But investing in Bitcoin or Ethereum isn't bad for long runs.

[awazieik]

As in any endeavour, you need to learn the ropes to be able to stay safe and not burn your resources. It is not just dealing with top altcoins, you need to learn the fundamentals or you will panic during the storm

[shollyen]

Seek for more crypto knowledge before investing in new projects, it's not always that easy to choose, as a newbie it's better to stick with old top altcoins on coinmarketcap, why? Because many newbie are in rush to make fast returns, if you are this type pls go for better top coins, 90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return

Newbies are safer with top altcoins until they start learning how to choose wisely, do better diggings on new project to avoid scams

Cov-19 have been used to scam many newbies and even Corona virus coins are built too which have no real use cases

Play safe and be willing to learn

Your advice is good and will definitely be helpful to those who would yield to it, but it would have been good if you are more specific. Top altcoins are invariance and not many of them are able to sustain their position. That is why you see some of them go back to below 100th position and lose their prices. Investing in the top 5 could be more advisable and among the top 10 to 12, there are promising ones, particularly those that can go as far as above top 10. Also, if newbies are desirous to learn how to choose well and invest, before investing, they can still find good altcoins with low marketcap.

[key4co.in]

Newbies are safer with top altcoins until they start learning how to choose wisely, do better diggings on new project to avoid scams

Cov-19 have been used to scam many newbies and even Corona virus coins are built too which have no real use cases

Play safe and be willing to learn

Your points are valid, it's better for a newbie who just got into crypto to invest in top altcoins, BTC taking a lion share of the portfolio rather than running here and there looking for new coins to invest in. Imagine scammers taking advantage of COVID19 to prey on newbies, who are not so good with research. For those who are old in the space, it won't be difficult to spot scam projects but not for newbies.