Newbies are safer with top altcoins

[Kopetunto]

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.

for your assets it is safe, but your estimation will certainly decrease if you buy it at a price of $ 400,
although Ethereum altcoins are good, but if you don't care about TA, then you will regret it.

[iTradeChips]

It is right to say starting with existing top altcoins for newbie is preventive for newbies against loss of fund. Getting a worthy and non-scam project may be difficult for newbies to determine most especially when there is no one to give a guide. The altcoins like dogecoin, BAT, and so on are worthy investments a newbie can go for in order to stay in the cryptocurrency communities to learn more

Dogecoin has been around for a long time that I think even without direct supervision will just work on its own. If you think about it the Dogecoin price today is around $0.003 USD with a 24-hour trading volume of $80,139,360 USD. Lately the said coin is up .17% in the last 24 hours. The current rank of Dogecoin is #43 as listed on CoinMarketcap, with a market cap of $415,442,210 USD. It has a circulating supply of 126,062,547,481 DOGE coins and the max. supply is not available. So still many people are trusting this coin and I think this still has a bright future ahead.

[Fredomago]

It's really safe for the beginners once they are wants to invest to the crypto if they are choosing the top altcoins brcause it is not easy for it to dump the value because there is a lot of supporter, investors and also the partnership will be there once they see the value of the coin they have dump the value for sure they will make invest to rise it again.

Not really, there's still chances that it can be dumped due to market situation.

Look a year back ETH fall to $80 after reaching the top pick, if happened that you bought this coin from 2017 for sure your losses
are very huge until now, you need to understand and accept all the risk before placing your money into this business.

[Text]

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.

I have never seen such a website discussing the possibility of investing in crypto projects or platforms. All I know is to lend your assets to receive interest and the other is the famous staking ... But it would be nice if there was really such a website where we can also put the altcoins we hold instead of just bitcoin, we know that there is no guarantee when it comes to investment because it can also go bankrupt besides earning. Let's not forget to be diligent in investing, we should only be there in the legit and proven.

[Spaffin]

It's really safe for the beginners once they are wants to invest to the crypto if they are choosing the top altcoins brcause it is not easy for it to dump the value because there is a lot of supporter, investors and also the partnership will be there once they see the value of the coin they have dump the value for sure they will make invest to rise it again.

I believe that newbies are in great danger today due to misuse of misinformation or, if I may put it this way, because of the abuse of the DeFi name for many projects that have nothing to do with decentralized finance. Due to the highest popularity of DeFi projects among investors, newbies are active on these projects that do not deserve it or are generally scams, and accordingly the losses will be very large. Based on this, I can say with great confidence that beginners can achieve success most of all with established coins that are in the rating, and not thanks to a new project that attracts with their high pumping.

[soulripper]

Newbies that inexperience always seem cryptocurrency as a scheme for them to quick rich that why they make a big mistake for the first time like what i do when im a newbie. i do a mistake by buying tokens that was too low but has no demand at all. i think i can make a double with easy but in the end i stuck with that token cause the project was death and the team project has being disappear. That was a heart breaker but i used it as my reference for today so i dont make a same mistake anymore.

[palle11]

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

This is a good advise and not only for newbies. Going for established coins can be better than these new projects with promises. Some don't fulfill ICO and bounty promise to hunters and you just know they are not sincere. Is better to invest more in top coins. At least 70% investment on it and lesser to new project so to avoid too much regret.

[Alohadanc3]

Yes, you are absolutely right. Most of the time newcomers come to this market and think that this market is made by profits. Which is not the case. So they think about high returns or overnight rich. So they end up being in loss most of the time. That's why before any kind of investment you should gain some knowledge about this market. And if you want to invest fast then you should stick with bitcoin and other slte which have high marketcap like ethereum, cardano, eos. Bit before any kind of investment you should learn where you are investing.

[lumeire]

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.

But for the veteran with 5+ years of experience in cryptocurrencies it will not be that difficult to identify good sub top 100 altcoins as compared to a newbie who just entered the world of cryptocurrencies. So it is advisable to those newbies who are entering just now with all this DeFi hype going on so as to educate them and help them keeping their money to themselves and not just invest in any altcoin or token promising huge returns for investors or maybe some random person on Twitter telling his followers to invest in a particular scam project that offers huge returns in a small amount of time.

[tracyhayley]

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

newbies can't invest their money in new projects just like that without some knowledge. not only for some newbies, some veterans still do the same thing as newbies. they still fall into scam projects. they want a big profit and returns in a short time. people are greedy, we must to endure that and it's really difficult to do. it will be better if some newbies try to investing their money in BTC first, before invest it in altcoins or new projects.

[saint_casanova]

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.

But that will not bring you a good profit. Many newbies don't abide by that rule because they are too immature, with not enough skill and knowledge to venture out top altcoin on CMC so usually failed in their investment.

[Retainly_Collie]

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.

But that will not bring you a good profit. Many newbies don't abide by that rule because they are too immature, with not enough skill and knowledge to venture out top altcoin on CMC so usually failed in their investment.

Why is it not profitable? The projects in the top 20 coinmarketcap are always growing and profitable for investors, but it takes quite a long time for it to grow. And investors need to be patient enough to benefit from them

[suvo05]

Why is it not profitable? The projects in the top 20 coinmarketcap are always growing and profitable for investors, but it takes quite a long time for it to grow. And investors need to be patient enough to benefit from them

It does not always takes long time for all the coins. For example just consider ETH. It has grown enough in the past 3-4 month. From 200 USD to 450+. What else one can expected from any kind of investment.

[blue_hurricanger]

Im a newbie and i have been sticking to the known coins. I dont think ill be able to dive into the lesser known coins very soon. Im not confident enough on investing to new stuff tho ive been doing my research on some projects.

people would think like that. however, I also had the same thought. it's just that, I'm more confident about the coins I hold. however, I still choose safe coins or tokens that are in the top altcoin line. i feel it's much safer than doing research on new coins.

This is fine if you had a diversify bag. But if you only have less than 5 top altcoins in your bag then it isn't good to sit too comfortable on a few coins only. Sure it takes more time and effort to research on new coins but it helps you diversify your bag. Newbies are safer with top altcoins but don't stay too comfortable and forget about diversify your bag.

[someone703]

Why is it not profitable? The projects in the top 20 coinmarketcap are always growing and profitable for investors, but it takes quite a long time for it to grow. And investors need to be patient enough to benefit from them

It does not always takes long time for all the coins. For example just consider ETH. It has grown enough in the past 3-4 month. From 200 USD to 450+. What else one can expected from any kind of investment.

That's because we are in a bull market, and the price went up strongly in the short term. But if you invest them in a bear market, I believe it will take you a long time to make a profit. Btw 3-4 months to get 2x profit is actually quite a long time, other altcoins can give you the same profit in just a few days

[JahriMeayer]

for new comers, it is the safer way to invest on old altcoins cause those are already proven themselves and still going ahead with theirs best ideas. no doubt about the performance of those altcoins & considered as safe. New altcoins may goes wrong for beginner, as because they don't have privious expriance about that matter.

[Alohadanc3]

Yes absolutely. Mostly the newcomers in this crypto space think that this whole market is full of profits. So it's okay to invest anywhere. And most of the time they end up in scams or in loss. So it's highly recommend nthat if you want to invest then first gain some knowledge, watch the market and then go for investment. And if you in hurry and want some fast investment then you can go for some highcap coins with bitcoin. This kind of coins are less risky that small cap coins. That's it.

[sulendra12]

It does not always takes long time for all the coins. For example just consider ETH. It has grown enough in the past 3-4 month. From 200 USD to 450+. What else one can expected from any kind of investment.

Remember that Ethereum found at 2015 to be recognize in the community and in 2016-2017 was really a great day for ethereum. You probably did not know that, just don't judge something from the short time.

for new comers, it is the safer way to invest on old altcoins cause those are already proven themselves and still going ahead with theirs best ideas. no doubt about the performance of those altcoins & considered as safe. New altcoins may goes wrong for beginner, as because they don't have privious expriance about that matter.

Not all of the new altcoins are bad and also not all the old altcoins are safer to invest. Do a proper research on everything, just don't do a blind pick even it's on the top one. Know your place and the right time to invest is a crucial stuff to think about.

[ololajulo]

Some altcoins bags are been sold at the moment and traders might need to be careful. Old coins that had lost the community without any development could loss whales in such community. For any coin losing price and position in the coinmarketcap without any bad news is sign that things could be winding up gradually, some even got bad new e.g is the ETC, NEO etc.

[Fredomago]

Some altcoins bags are been sold at the moment and traders might need to be careful. Old coins that had lost the community without any development could loss whales in such community. For any coin losing price and position in the coinmarketcap without any bad news is sign that things could be winding up gradually, some even got bad new e.g is the ETC, NEO etc.

Better to assess if you have plans in participating and investing to any project around the market,
old coins have a good chance of bouncing back even the value is down, remember that the big bull
take place and bring all those hypes.

There's no safe in terms of investing to this market, as any moment fluctuations will hurt your asset.
The more you understand the setup the safer you can be in choosing what particular coin to invest.