Newbies are safer with top altcoins

[Hannahanto]

An altcoin being on the "top" doesn't automatically mean it's a "safe" or good investment. I mean, take a look at it! The cryptocurrency market is full of crap. And not to mention that bitcoin is risky and volatile enough for the typical inexperienced investor, and you're going to say that it's better for them to buy coins like Ripplecoin a.k.a. fidget spinner coin? Worst investing advice I've read yet.

Supported... Just because an alcoin is at the top list on coinmarketcap doesn't mean investors are safe to invest in the project. I can't advice anyone to go all in on ripple coin cause I myself don't see that project to have potentials, they are better projects out there like $NEAR, $HAPI, $PYR and more you just need to DYOR before investing. Not a financial advice though

[mumang siat]

The initial formula must be based on research and knowledge, so investing has really mastered how to do it, at least it can minimize the risks that will occur, for beginners who make it difficult to invest because of the lack of knowledge about the investments they run, so many of them experience risks and fail in investing, so knowledge is important?

Everyone can see and judge where they are newbies who have moved and have also started working on each of their investments, so naturally they have gained a little knowledge about what they are doing because the others will follow themselves over time.

This knowledge will increase along with the existing experience, the more experience we have, the more knowledge we get, as well as investment, the more often we invest, the more mature we are in managing it, but basic knowledge about investment must be present, so that we don't invest based solely on forecasts or listen to what people have to say.

[susuberuang]

This knowledge will increase along with the existing experience, the more experience we have, the more knowledge we get, as well as investment, the more often we invest, the more mature we are in managing it, but basic knowledge about investment must be present, so that we don't invest based solely on forecasts or listen to what people have to say.

In terms of investment, it must always be based on conclusions and decisions that we make personally, because other people's opinions can also not be fully relied upon even though they also say the right things, because good learning is when you are taught by other people for real.

[carrigan]

I don't think it's a completely good path. Like it or not, a trader will definitely experience losses, because we know for ourselves that Cryptocurrencies are known for their high risk. All coins are at risk, even Bitcoin and top altcoins. No one knows for sure how the market will move. Especially for beginners, they must really understand crypto before trading so they are not confused in the middle of an unstable market and continue to fall into losses.

[tarable]

I think for newbies they just need to stay away from simple bitcoin fork chains like BCH, BSV, LTC, etc

Can all the coins born from the Bitcoin Fork be so bad for newbies? while all the coins are still very much alive in the cryptocurrency space forever.

Look for projects with real usage (hint, most of them are running on Ethereum, but not all).

If not all, then newbies should also check it further so as not to get stuck on the unlucky coin that also uses the Ethereum network when it was built by the developer.

[Jose Mustafa]

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

Divi is an ideal currency for Newbies to get involved easily and safely.

[bct-user]

Newbies are safer with top altcoins until they start learning how to choose wisely

They can be safer from the possibility of dead coins, but not safe from the loss. There is no guarantee to take profits although newbies choose top altcoins, the prices can go up and down as the common altcoins. Newbies must understand how to manage altcoins assets well, which means they must have sufficient knowledge. This can make them safe enough to invest in altcoins, the knowledge has a bigger role.