Newbies are safer with top altcoins

[lienfaye]

I joined crypto in 2017 and until now I still find it difficult to find or choose which project I should hold for a long time and it is true that the safest point is to keep your assets in the top 20 coinmarketcap, at least the project already has a very clear roadmap and team.

Choosing the top coins are best for newbies because these coins are already well-established and already here for years. Its unlikely to be delisted in exchanges so even you hold it for long period you dont have to worry. On the other side new coins has risk of it being scam even the project seems good. Scammers are smart to make it look legit so think before investing.

[djmixen]

Newbies need to select coin that is really top or popular coin for they will not fall into tragic scam. I beleive that there are so many project,tokens,coin are now scam that is why we need to be careful on investing if we wanted to invest we need to search or sellect the most reliable and trusted tokens or coin for so many years to avoid scams and to make our funds safe.

Newbies investing in the top altcoins doesn't give guarantee of good ROI in future, it's just for safety purpose right? If there is someone to guide a newbie, adding some low/mid cap coins with huge potentials won't be a bad idea. Say 50 % in BTC, 20% ETH, 20% top altcoins and 10% low/mid cap coins, just an instance.

This will depend on the players in trading dude, even they choose the top altcoins in the market, is not the assurance for us to say that their capital is safe already of course not! our profit in trading always lies in our hands' decision of when we are gonna buy or sell the coins we hold in the platform exchange.

[iTradeChips]

I do agree that if you are new then I will advise you to invest in the top 20 coins. These coins and tokens in the top list has been there for years now and it will stay for many more years. Many many crypto currency investors throughout the years have been one way or another has been concentrating in the main coins and been profiteering from it and I think this is the best trend that newbies can follow for the meantime. Easy and small stress in thinking of loss of profit.

[bitzizzix]

It is mandatory and in essence you have to learn it first before investing in the top 10 coins so that you can choose the right coin or token that benefits you.
because the top 10 coins have been around for years and can be trusted, and you still have to try or learn to do a good analysis and there's nothing wrong with asking for opinions or input from experts or seniors here.

[Golftech]

It is mandatory and in essence you have to learn it first before investing in the top 10 coins so that you can choose the right coin or token that benefits you.

In every Investment Knowledge is our weapon and experience,But there are chances that some are safer in top 5 coins because if they are going for Long term
Holding?there is no chance of being afraid since those coins are mostly staying longer in their positions.

But of course changes happens sometimes like XRP and USDT now in which closing changing position since this year started.

because the top 10 coins have been around for years and can be trusted, and you still have to try or learn to do a good analysis and there's nothing wrong with asking for opinions or input from experts or seniors here.

actually 10 currencies above are not that safer,Look at Litecoin from being rank 3 for years is now positioning under low,but still alive and in rank 10.

[Rikotin]

yes, nowadays new coins are very big risk for us to invest and we are often deceived with their sweet promise that gives us false hope, and in the end we can not get satisfactory results even our capital also disappeared in the project then in this case we have to look safe and choose an altcoin that already has the potential to be able to get the results we expect.

[Kezacky]

yes because They have too little experience to choose to invest in new projects. However, choosing the top altcoins is less risky but means that they will make less profit. Profits always come with risks, so I always advise them to stay here long enough to make a profitable investment.

[Tipstar]

Newbies aren't aware of the different tactics the scammers takes so they are an easy target. Furthermore many of the newbies have no idea how the coin works, how it's transferred and traded. Popular coins would have an extensive documentation and help available online which would let them make easy decisions. Rushing into something that you don't understand may make you loose in the long term even if it's legit things like trading and mining.

[(o)(o)ilikeboobs(o)(o)]

A novice should start with bitcoin and stable coins. Stay away from all altcoins as their value depends on the price rise of bitcoin. Learn how to convert your assets to stable coins. Get used to the waves of the market and learn to beat them. It is not advisable to start with altcoins as they can cause them to lose money and trust the market.

[swordking]

yes because They have too little experience to choose to invest in new projects. However, choosing the top altcoins is less risky but means that they will make less profit. Profits always come with risks, so I always advise them to stay here long enough to make a profitable investment.

Due lacks of knowledge, as well as experience newbies, left with few good options, and one of them is investing in top altcoins because that's could have less risk and thus this option seems great to all the newcomers.

[luckyflop]

I joined crypto in 2017 and until now I still find it difficult to find or choose which project I should hold for a long time and it is true that the safest point is to keep your assets in the top 20 coinmarketcap, at least the project already has a very clear roadmap and team.

If you want to invest long-term in this market, you should only buy the top altcoins in the market such as ETH, BNB, XLM, TRX, NEO .. and Bitcoin. Those are the best projects and their price will always grow in the long run, don't waste time on new projects because in the long run its price can crash many times or die any time

[ghost424]

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

That is a good advice to newbies since they won't be spending time within new Alternate Cryptocurrencies that is not yet known and might just scam them. Learning about the top Alternate Cryptocurrencies is a good idea since most of them just branches out into new ideas and learning from the best is a nice thing to do. If the newbies are risk takers, then they should tread carefully since losing money is one of the saddest thing to experience.

[Princeofpoetry]

Newbies aren't aware of the different tactics the scammers takes so they are an easy target. Furthermore many of the newbies have no idea how the coin works, how it's transferred and traded.

Because they lack knowledge and maybe they are lazy to read and find out what the world of crypto is like. If a newbie who likes analyzing I am sure will not get caught in a scam and can choose good coins for trading.

[ufaiz50]

It can't be that, actually in the fluctuation of an asset, the market cap doesn't mean anything. Maybe you mean because they have many communities and play a big role in the crypto market, so you think it's safe for newbies, but that's not true. In an asset that fluctuates rapidly there is no safe word, you have to adjust for these fluctuations to avoid losing and gaining profits. Maybe now the concept of stable coin has a safe word, especially in usdt, the problem is this is the same as when you store fiat which has a nearly fixed value.

[SyndicateLabs]

Newbies aren't aware of the different tactics the scammers takes so they are an easy target. Furthermore many of the newbies have no idea how the coin works, how it's transferred and traded.

Because they lack knowledge and maybe they are lazy to read and find out what the world of crypto is like. If a newbie who likes analyzing I am sure will not get caught in a scam and can choose good coins for trading.

Well, just select the top projects in this market and I believe you will always be safe in this market. Don't try to invest and trade in new projects because it is risky, in my opinion most new projects are shady.

[taufik0911]

It can't be that, actually in the fluctuation of an asset, the market cap doesn't mean anything. Maybe you mean because they have many communities and play a big role in the crypto market, so you think it's safe for newbies, but that's not true. In an asset that fluctuates rapidly there is no safe word, you have to adjust for these fluctuations to avoid losing and gaining profits. Maybe now the concept of stable coin has a safe word, especially in usdt, the problem is this is the same as when you store fiat which has a nearly fixed value.

yes newbie is better to play on stable coin because it is too risky
the best way to learn is to trade short-term with technical analysis
this will allow newbies to understand market conditions and understand how to choose a good alcoin for investment

[xOdiumNostrumx]

They are, but so are other in the crypto space. Even if you are a crypto veteran who has been on the crypto scene for 5+ years, you will always be "safer" holding (for example) ETH than some sub-top 100 altcoin, so the seniority of the individual is not playing a big role here, even if the veterans tend to do their due diligence more often and more thoroughly.

[NVZNtoken]

90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return

99% of all altcoins, regardless of age, are not serious at all.

Newbies are safer with top altcoins

Newbies are safer with bitcoin, and avoiding altcoins altogether.

Marketcap is a meaningless statistic. I could create a new token right now, print 1 billion of them, sell a single token to my friend for $10, and now my market cap is $10 billion and I'm the third "top" coin. Just because an altcoin is in the "top 10", means nothing. At least half the coins in the "top 10" are literal scams.

That's a great point. Especially since that newcomers have no way of distinguishing which altcoins are the 1% that actually has something of value to offer. Very often the "top altcoins" are just the ones with the loudest influencers. People who look for the most safe investment would do good by focusing on Bitcoin, but let's be honest - most people are not interested in safe investments, they're after quick money.

[FaucetKING]

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 not about whether it is safe for them investing in the top coins or not. I've seen btc and other well known coins and tokens living the worst scenarios ever let's mention Hedg (HedgeTrade) which is down by almost 20% in the last 24 hours time span. Others like Augur, Eth, Ltc faced the same scenario. I think that even when dealing with famous altcoins, there's big risk. It's all about whether you're experienced or not, whether you can really take the loss or it will turn on some bad feelings in your inner soul. My one and only tip is to do your own research, invest only what you can afford to lose, stay away from FOMO and Fuds and you'll be okay.

[iTradeChips]

Newbies aren't aware of the different tactics the scammers takes so they are an easy target. Furthermore many of the newbies have no idea how the coin works, how it's transferred and traded.

Because they lack knowledge and maybe they are lazy to read and find out what the world of crypto is like. If a newbie who likes analyzing I am sure will not get caught in a scam and can choose good coins for trading.

Well, just select the top projects in this market and I believe you will always be safe in this market. Don't try to invest and trade in new projects because it is risky, in my opinion most new projects are shady.

Speaking of top projects. Do you guys know any website that basically is something of a repository of information, particularly of reliable projects that all, whether newbie investor or master trader can all participate to and earn money? I have been searching for websites that act as a library of projects that can be invested. That would be a great addition to the almost never ending tools that we can use to become successful in crytocurrency. I hope there is such a website.