Newbies are safer with top altcoins

[torrantz]

it will not have a big effect, if they still buy top altcoin in bad market conditions they will still lose, the most important thing is to study market movements or analyze the coins to be bought.
no problem altcoin is not good even if you buy it at the right time you can still make money from it.

it really depends on market conditions. it's just that, the top altcoin has more potential to rise than others. in addition, the development of top altcoin always coincides with bitcoin, so beginners only need to find information about bitcoin that has quite a lot of information compared to certain altcoins. even top altcoin also has a lot of information that is easy to get.

Also a coin that's not among top altcoins could trap the newbies aswell, the fluctuation is usually huge since they tend to have lesser amount of volume and some newbies gonna lost their money in there. non top altcoins usually requires us to gather a lot more information to know how's the future of that coin and how promising that coin could be and it's not as easy as investing in top altcoins where you just need to wait for the right time.

[B.wealth]

You are very right, investing now should only be done after thorough research about the project, digging out the basic usecase of the project and getting to know more about the team behind such project before investing in it is very much important, I hope newbies learn from this so as not to learn in the hard way.

[Furious 7]

10000% I agree with what you say. because by choosing the top altcoins will minimize the loss of a lot of money, but as you say, if a newbie has to keep learning until he can choose a project that is worth investing in

We can say that top altcoins investment is the safest investment, for that reason newbies must start with top altcoins. Maybe in this way they can get a lot of knowledge about investing, l think knowledge is more important than money. It will take a bit of time to learn this world, but it will absolutely worthwhile.

With the highest altcoin probably not too high in the risk that will be faced but beginners also need to pay attention to how to choose altcoin and analyze it in the short or long term it must be done so that it is better in investing.

[Kong Hey Pakboy]

Newbies are really safer with top altcoins instead of risking their money in shitcoins and bad projects that they assume they could get profit from it because when they start to invest their money today there are more chances to earn good money in the future. But the problem with buying top altcoins in the market, newbies have don't enough money to buy them due to their high price.

[Vishnu.Reang]

There are many cheap altcoins in this market such as ADA, TRON, XLM ... these are the best altcoins that people should buy and hold. Do not waste money on new projects in this market, they will need a lot of time to develop and prices can be reduced many times after being listed at exchanges.

You are labelling them as cheap, because they have fallen by as much as 99% from the ATH levels. For example, Cardano reached an exchange rate of $1.23 per coin almost two years ago, but then crashed to $0.02 in 2020. Now once again it is undergoing a bull run and the current exchange rate is $0.10 per coin. Almost 500% increase from the levels that we saw 4 months back, but still 90% down from the ATH.

[adsdas]

Newbies are really safer with top altcoins instead of risking their money in shitcoins and bad projects that they assume they could get profit from it because when they start to invest their money today there are more chances to earn good money in the future. But the problem with buying top altcoins in the market, newbies have don't enough money to buy them due to their high price.

There are many cheap altcoins in this market such as ADA, TRON, XLM ... these are the best altcoins that people should buy and hold. Do not waste money on new projects in this market, they will need a lot of time to develop and prices can be reduced many times after being listed at exchanges.

These coins are very popular in this market, and I think it is better to look for new ones because coins outside the top 300 are still a good choice if you consider carefully. I often make a profit this way because the coins that many people hold often don't bring me too much profit. Of course, big risks are inevitable and should only look for coins with good liquidity.

[umbara ardian]

There are many cheap altcoins in this market such as ADA, TRON, XLM ... these are the best altcoins that people should buy and hold. Do not waste money on new projects in this market, they will need a lot of time to develop and prices can be reduced many times after being listed at exchanges.

You are labelling them as cheap, because they have fallen by as much as 99% from the ATH levels. For example, Cardano reached an exchange rate of $1.23 per coin almost two years ago, but then crashed to $0.02 in 2020. Now once again it is undergoing a bull run and the current exchange rate is $0.10 per coin. Almost 500% increase from the levels that we saw 4 months back, but still 90% down from the ATH.

Obviously, it is too cheap compared to ATH in 2017. Most altcoins in the top 100 have dropped more than 20 times compared to ATH, so you can completely buy and hold them in the long term to get profit.

[bayudndy]

Obviously, it is too cheap compared to ATH in 2017. Most altcoins in the top 100 have dropped more than 20 times compared to ATH, so you can completely buy and hold them in the long term to get profit.

If someone buys tokens or coins just because they see ATH in 2017, then they will feel disappointed at that decision, because ATH like in 2017 will be difficult to return, because the demand and supply of tokens in the crypto market always changes every year.

Nothing is impossible, if bitcoin can return $ 20k then I believe that altcoin will grow and return to ATH. But it only happens to the top altcoins in this market

[olamidey]

I can't agree more, you have rightly pointed out the need for newbies to stick to already popular alt coins with verified history of reliability.

There are countless of alt coins out there, many are fraud, and some are managed by incompetent team. so for newbies who are hoping to climb the trading ladder, it would be a disaster investing in the wrong cryptocurrency.

With this pandemic, things have gotten worse when it comes to picking alt coins, even for pro traders, however, emphasis is placed on newbies because they need to be safe from fake coins, so they wouldn't suffer huge loss.

[Squezzi55]

Newbies are always in rush to make profits, advising them to go for top altcoins is safer but they won't listen, not until they make few mistakes, top altcoins are safer for those who are new to crypto but as learning and experience goes on they will be open up to trying out new risks and that's the way it should be

[iTradeChips]

Well in my opinion, it really depends on what kind of investment a newcomer to cryptocurrency is willing to undergo and experience. We know that newcomers to Bitcoin and cryptocurrency has little to no experience to this technology and how it works and all, so it is not safe to say that they have good financial knowledge at this point so they need to be very careful so that they would not make any rash decisions that would affect their financial well being. As many have pointed out, not all in the top ten or even top twenty are good coins to invest.

[tiang_tower]

Newbies are always in rush to make profits, advising them to go for top altcoins is safer but they won't listen, not until they make few mistakes, top altcoins are safer for those who are new to crypto but as learning and experience goes on they will be open up to trying out new risks and that's the way it should be

Our task as those who already know is to give good advice and explanations, the case they do not listen to suggestions or explanations from those who already have experience, it is not our business, maybe they are better prepared with a high risk in crypto.

[konflikkastil]

Altcoins are probably the safetiest way to start with crypto. Starting with the known coin like Bitcoin, Ethereum, litecoinand Bitcoin cash could cost a fortune. It's a safer way for newbie to start. It has lots of advantages attached. I started with altcoins too and I has really paid off. But I must be sincere having other known coins like Bitcoin is really a fortune. A opportunity of a lifetime.

[nasipadang]

Top coins are not always safe, and coins at the top have a very high chance of falling, so stop thinking "that it will be safe to play on top crypto". Regarding knowledge, I often find it difficult to learn and deepen knowledge in cryptocurrency, because we do not easily find the information we need and need extra patience to understand information in a news (due to countless FUDs) Cryptocurrency that is decentral is equal to full risk.

[TastyChillySauce00]

Top coins are not always safe, and coins at the top have a very high chance of falling, so stop thinking "that it will be safe to play on top crypto". Regarding knowledge, I often find it difficult to learn and deepen knowledge in cryptocurrency, because we do not easily find the information we need and need extra patience to understand information in a news (due to countless FUDs) Cryptocurrency that is decentral is equal to full risk.

I think it can be considered as a safe zone based on the liquidity that owned by the major coins. Remember this when people wanna decrease their loss and they need a lot of liquidity to make them all can dump their portfolios at once. This can also give them more guarantee to get a small loses compared when trying to use the crap coin with no liquidity

[Gotumoot]

Not just newbie but every investor top altcoins are the best to invest if you want to have a secure investment.
Most new crypto are just scam so we should really avoid it or try to dig a little deeper to find out if they are worthy to invest in.
But if you couldn't do it or decide then just stick to the top altcoins.

[Vishnu.Reang]

There are many cheap altcoins in this market such as ADA, TRON, XLM ... these are the best altcoins that people should buy and hold. Do not waste money on new projects in this market, they will need a lot of time to develop and prices can be reduced many times after being listed at exchanges.

You are labelling them as cheap, because they have fallen by as much as 99% from the ATH levels. For example, Cardano reached an exchange rate of $1.23 per coin almost two years ago, but then crashed to $0.02 in 2020. Now once again it is undergoing a bull run and the current exchange rate is $0.10 per coin. Almost 500% increase from the levels that we saw 4 months back, but still 90% down from the ATH.

Obviously, it is too cheap compared to ATH in 2017. Most altcoins in the top 100 have dropped more than 20 times compared to ATH, so you can completely buy and hold them in the long term to get profit.

I disagree. If they have fallen by 95% or more, then the reason is that the investors don't believe in their potential. We all know that what happened in 2017 was a bubble. Many of the relatively unknown coins went to have multi-billion market cap. And even worse, the spike was only a result of pure speculation rather than due to an increase in usage or adoption.

[Docbee]

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's a good advice though. As a newbie in crypto investment, it's a good advice to look for projects that are already established in the market, for example those in the top 10 on coin market capitalization.  Without some experience and ability to do some research, it's very risky investing in the new projects as a newbie to avoid huge loss. 

[rahmathidayat93]

Altcoins are probably the safetiest way to start with crypto. Starting with the known coin like Bitcoin, Ethereum, litecoinand Bitcoin cash could cost a fortune. It's a safer way for newbie to start. It has lots of advantages attached. I started with altcoins too and I has really paid off. But I must be sincere having other known coins like Bitcoin is really a fortune. A opportunity of a lifetime.

This is very funny if you consider Bitcoin as Altcoin, it seems like you have to learn even more in terms of grouping coins and tokens and learn which tokens are included in the Altcoin category, and one more thing you have to understand is that not all Altcoin is becoming the safest way to start with crypto, even though newbies start with the famous Altcoin, they still have a big risk.

[ven7net]

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

You are all right, you have to be careful. But the point is not even in the current situation in the world, the fact is that fraud and losses were before, are now and will be further. In any business sphere and the sphere of finance there are problems and risks, which means that you must always be on the alert. Cryptocurrencies were successful in their time and still attract many newcomers to get quick profits. What is better for investing new or old altcoins? Personally, I work more with ETH and LTC and believe that they can show at least one more leap up. However, I also understand that I can lose, which means I always take risks into account. You also need to do, you can believe in success, but also remember that you can lose everything.