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Author Topic: Newbies are safer with top altcoins  (Read 5234 times)
Brus123
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August 06, 2021, 04:11:25 PM
 #641

You are right that it is better for newbies to work with something popular and something that has already been audited several times and has a big trading volume. But it is also important to learn new things if you want bigger earnings, as new altcoins are more likely to increase by several times than Bitcoin. So gain new knowledge and together with this try something more risky!

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August 06, 2021, 06:29:06 PM
 #642

When we realize that we don't have enough time to research new altcoins from the experience of old coins, we should learn both at a time. Top altcoins deserve a big allocation of your portfolio. Now I think new altcoins also deserve some of our portfolio. But it won't be a good idea to invest without listed any exchange, even if it doesn't work fake volume exchange support.
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August 06, 2021, 06:41:21 PM
 #643

You are right. Those who are newbies to cryptocurrency must acquire proper knowledge about cryptocurrency before investing in them. New coins should not be invested. Rather, it is better to invest in trusted top altcoin.  Whatever the profit, the risk is very low.
Yea, the risk is low but hmmm, aside from bitcoin and Ethereum that has been going well so far, all coins have their side and as an investor, we only hope it turn out to be the best we want.
There are situations where 51% attack happens to some projects, the recent one that occurs was Bitcoin fork BSV. When this happens, their is likely chances of double spending which may live your investment down the drain.
It's always good as a newbie to watch YouTube for other opinions for knowledge but not as financial advice.
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August 06, 2021, 06:56:01 PM
 #644

When we realize that we don't have enough time to research new altcoins from the experience of old coins, we should learn both at a time. Top altcoins deserve a big allocation of your portfolio. Now I think new altcoins also deserve some of our portfolio. But it won't be a good idea to invest without listed any exchange, even if it doesn't work fake volume exchange support.
New altcoins can only be allocated 25% only compared to top altcoins because new altcoins are difficult to analyze with certainty future development potential, most new atlcoins are just initial trend due to influence of famous people and then projects fall without returning in market price.

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rony01941
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August 06, 2021, 07:16:02 PM
 #645

Yes true most newcomers are focusing in top all altcoins. BTC undoubtedly their first choice it is safer invest, Till they are not able to own research that's very true.
Top altcoins low risk both of beginners and experienced investors. Beginners will never manage their losses in random altcoins.

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August 06, 2021, 07:38:26 PM
 #646

Yes true most newcomers are focusing in top all altcoins. BTC undoubtedly their first choice it is safer invest, Till they are not able to own research that's very true.
Top altcoins low risk both of beginners and experienced investors. Beginners will never manage their losses in random altcoins.
Top altcoins are highly recommended to be the main choice in investment including for beginners and investors, if you choose a new altcoin then you have to be prepared with the risk of loss because new altcoins are difficult to last long in the market and there are too many scam projects now so don't be tempted for fictitious profits on new projects

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August 06, 2021, 10:08:13 PM
 #647

my friend paid from some bounty, it just new project. after it, he start convert the other money to that project. actually, my other friend and i, suggest him to invest in other popular one, but it just happen. holding for a month and he take just a little plus from what he did.
not all new project is scam, they can give you profit though just a little.
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August 17, 2021, 07:49:07 PM
 #648

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

yes, I totally agree with your opinion. because the top altcoins will be safer to use than new altcoins to invest in. but not only beginners should use the top altcoins but until now I still use the top altcoins to be traded on various market exchanges. I myself have known crypto trading since 2017 but until now I still use the top altcoins because I consider everything safe and there are no frauds from it.
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September 22, 2021, 10:58:33 PM
 #649

Investing in the top altcoins should be a no brainer for the newbies getting into cryptocurrency investing because the top coins are top for a reason and most of them have a track record of success and most if them have good teams and a defined rodamap and also a proof of concept. Even seasoned investors also pay good attention to the top altcoins too and only a smaller portion of their portfolio is in the lesser known and more risky altcoins

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September 23, 2021, 01:21:42 AM
 #650

Yes, your assumption is correct because as a beginner you must be able to choose the best coins that have been registered and trusted on coinmarketcap. Hurrying and rushing in selling coins will also result in significant losses even though some of the profits have been obtained.
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September 23, 2021, 02:50:33 AM
 #651

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

I totally agree with you that it is better for newbies to make do with mainstream currencies, as they don’t have sufficient experience in investigating projects, but of course while investing in some fundamental currencies, don’t stop there and learn this market, as risky altcoins can yield you much higher profit than just holding of Bitcoin and Ehtereum.
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September 23, 2021, 06:18:31 AM
 #652

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

I totally agree with you that it is better for newbies to make do with mainstream currencies, as they don’t have sufficient experience in investigating projects, but of course while investing in some fundamental currencies, don’t stop there and learn this market, as risky altcoins can yield you much higher profit than just holding of Bitcoin and Ehtereum.
indeed for the safest to invest or trade is the main cryptocurrency, especially for beginners who are still learning to analyze projects. it will be high risk when investing in new altcoins, according to the analysis, because the opposite can happen in reality. but for learning I also suggest using a little capital to invest in altcoins that are in accordance with our analysis but using a small amount of capital

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September 25, 2021, 05:38:51 PM
 #653

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
Yeah bro you are right, cause we all know that their are whales that always do pump and dump in crypto fields. Whenthey create hype than newbies came into their trap. But when they crash crypto than newbies are most that loose too much money. They should search and than invest in crypto fields.
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September 25, 2021, 07:43:59 PM
 #654

my friend paid from some bounty, it just new project. after it, he start convert the other money to that project. actually, my other friend and i, suggest him to invest in other popular one, but it just happen. holding for a month and he take just a little plus from what he did.
not all new project is scam, they can give you profit though just a little.

Am not sure anyone is saying that all new projects is a scam. What they mean is that most people get scammed from new projects more than old existing projects. This is true most times because some of the new projects do not have known team members and can not be traced when they scam and that is what most of them do. They abandon their projects and run away. The advice is for people to avoid new projects and save themselves from lost of cash.
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September 25, 2021, 08:07:06 PM
 #655

I think everyone should be really careful with investments especially in crypto because there are so many shitcoins and you can really go broke by investing in the wrong altcoin… and i dont think any altcoins is safe and better safe investing your funds in bitcoin and ethereum but you should always make good research

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September 25, 2021, 08:29:43 PM
 #656

I am not agree with you, newbie are safer with bitcoin. Altcoin is too volatile and newbies also dont know whats the real purpose for altcoin. If you are relatively new to this industry dont put your money in Alt because you will be burned fast. Respect your hard earned money and invest wisely.
Don't be one sided in this topic. Yeah no doubt that every newbie, not only them but even the old ones, are safe with bitcoin. However, it doesn't necessarily mean that you will surely fail once you put your money in the alts. I knew some friends which are newbies before that are more interested with alts instead of btc. They are risk takers indeed, they like the more volatile nature of such coins. Fortunately, I didn't hear that one of them git bankrupt so far. See? You can succeed! Maybe it's just a right combination of mentorship, good coin and right financial management.

The point of all of this is that these things where you do decision making stuff and then make all these research and research all boils down to the fact that it is still the newbies choice what coin he will be putting his money into. We do not know his intentions but we do know his investment might be safe if it is on the top alts where he will be putting his money into. There are many many investors who trusted Binance when they bought at a very low price. They were able to make their money grow because of that.

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September 26, 2021, 03:37:41 AM
 #657

if they feel they are beginners, I would suggest investing in bitcoin instead of touching altcoins whose prices are very volatile compared to bitcoin, no one can guarantee that the top altcoins can bring you profit and are safe, it's just a market game, which the most important thing is to learn to gain experience and do research on altcoins until you will find important information about the altcoin.

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October 03, 2021, 05:58:03 PM
 #658

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
It might not seem right to me to think that all the top coins are safe. There are a lot of coins here that I don't think are very safe. When it comes to investing, one should check whether the coin is serious or not. I think Bitcoin and ETH are good choices for beginners to start with. Because I don't think there is a need to go any further in the beginning.
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October 03, 2021, 06:10:29 PM
 #659

I am not agree with you, newbie are safer with bitcoin. Altcoin is too volatile and newbies also dont know whats the real purpose for altcoin. If you are relatively new to this industry dont put your money in Alt because you will be burned fast. Respect your hard earned money and invest wisely.
Don't be one sided in this topic. Yeah no doubt that every newbie, not only them but even the old ones, are safe with bitcoin. However, it doesn't necessarily mean that you will surely fail once you put your money in the alts. I knew some friends which are newbies before that are more interested with alts instead of btc. They are risk takers indeed, they like the more volatile nature of such coins. Fortunately, I didn't hear that one of them git bankrupt so far. See? You can succeed! Maybe it's just a right combination of mentorship, good coin and right financial management.

The point of all of this is that these things where you do decision making stuff and then make all these research and research all boils down to the fact that it is still the newbies choice what coin he will be putting his money into. We do not know his intentions but we do know his investment might be safe if it is on the top alts where he will be putting his money into. There are many many investors who trusted Binance when they bought at a very low price. They were able to make their money grow because of that.
Actually, even if we spent a lot of time researching and selecting a coin to invest in, it takes a long time to grow and you start comparing and having doubts even if it's a top altcoin.

The problem with newbies is that they are overly focused on profit, which leads to many people making wrong decisions in the pursuit of profit.

So, not just training them to invest in proven and top cryptocurrencies, but also teaching them to relax and have patience in crypto, is essential.
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October 03, 2021, 06:21:08 PM
 #660

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

Currently there is no difference between altcoins and coins that are in the top 10, the condition of the coin in the market has actually decreased in price for now, so all coins are worth buying in such conditions, but if you are just starting out or are still a beginner, then buy altcoins are a process of learning to know more about cryptocurrencies, so that when the risk is there, you will slowly get used to how to solve the problems caused by the risk.
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