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Author Topic: Top 5 SAFEST Cryptocurrencies to BUY right now! 💰  (Read 375 times)
carlisle1
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October 07, 2020, 01:55:32 PM
 #21

It's true, but influencers also help us get the latest information. then we can believe it or not is our decision, they deliver the news, we do personal analysis and the decision is in our hands.
And from what VoskCoin said, I only agree with Bitcoin and Ethereum

But is the latest information from influencers reliable at all? That is the question you have to ask yourself. think about it,,, they get PAID to say information which is actually fed to them. Most of these influencers are not even technically proficient to find things out about the project can can only tell you what they can see, which is what we can see for ourselves. Why should we trust someone who is paid to say something?
actually some influencers can be compared to those shilling for projects inside the forum the advantage only of them is they are worldwide specially in youtube.

i think it is better not to trust them all the way instead check the project also to find what is right or shill.

Wouldn't binance probably be the safest coin to invest?
Of course there is a chance because binance is one of the most safety and popular exchange now and this is same reason why their BNB coin must be supported and trusted.
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October 07, 2020, 08:43:44 PM
 #22

but some naive users will take this seriously. at least there is a disclaimer that it is for entertainment purposes only. because if it is an investment advice, i dont think it is even right to use the word as "safest".
maybe just use this as a guide how to look at potential investments but not make it a basis of your investment funds.
 at the end of the day, you will be bombarded by countless advice and suggestions, upon reading news and watching videos. so you need to be wise on how you attack this situation. filter those valuable tips and decide on your own. because it is your money at stake. no one else will truly care the end result of your investments. only you!
People who are suing the social media already know these basic things, attractive words are important for better engagement and when someone take free advice then they are not going to be rich so if you are reading something for free then give more of your effort to get best out of it or simply skip the video will be my suggestion.

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October 07, 2020, 10:33:18 PM
 #23

Not every youtube is going to shill for any project just for the money especilly when they have got such huge community but he mentioned that that video is for entertainment purpose not an investment advice. Cheesy
Well thats right its only for entertainment and not an investment advice but for some people they will take it seriously and will follow what has been said.

You know the mindset of others who are lazy to make their own research, they will believe it.

Investing in crypto is risky so there's no such thing as safe however I think if we're talking to reliable coins in the market the best option is the top coins.

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October 07, 2020, 10:48:55 PM
Last edit: October 11, 2020, 01:36:14 AM by StephenJH
 #24

Not every youtube is going to shill for any project just for the money especilly when they have got such huge community but he mentioned that that video is for entertainment purpose not an investment advice. Cheesy
Well thats right its only for entertainment and not an investment advice but for some people they will take it seriously and will follow what has been said.

You know the mindset of others who are lazy to make their own research, they will believe it.

Investing in crypto is risky so there's no such thing as safe however I think if we're talking to reliable coins in the market the best option is the top coins.
There is no "safe investment" because all investment decisions involved risks. The capital used by investors is the afforded amount for taking a profit, otherwise, everyone should watch this video and invest in the mentioned altcoins chosen by OP. It is about having a correct mindset and ignoring the noise around the investment-related social media posts. If someone is looking for the safest method of investing, go to buy government bonds. There is no risk for buying government-backed bonds and its shares, in the crypto world riskless investment doesn't exist, mate.

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October 07, 2020, 11:23:30 PM
 #25

Yeah, I agree that the title is somewhat misleading, there's no such thing as "Safest" crypto as we all know that it's very volatile, and also fluctuates in short amount of time. That's why is really hard to give advises here. Maybe choose in the top 10 altcoins and then watch how it will perform. You need to play a lot in this markets and then see how it's going to fit in your goal, short or long term and your risk appetite as well.

 
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October 07, 2020, 11:30:47 PM
 #26

Nothing is safe in the world of investment, there will be risks that we must face. Therefore, risk management is needed to be successful
in the investment world. So far, the crypto that has the least risk is of course investing in stablecoins like USDT. Because the price of USDT
is the same as the price of USD, but the problem is that investing in stablecoins is safe, but the profit that will be generated is also very small.

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October 07, 2020, 11:56:55 PM
 #27

Buying the top altcoins will save the trader from losing the total investment and the volatility is low in the top altcoins. The safe crypto investment is the investment that doesn't place by the greedy investor, greed and fear are the two emotional factor which doesn't have a role in trader's life, from my experience.

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October 08, 2020, 05:35:02 AM
 #28

Yeah, I agree that the title is somewhat misleading, there's no such thing as "Safest" crypto as we all know that it's very volatile, and also fluctuates in short amount of time. That's why is really hard to give advises here. Maybe choose in the top 10 altcoins and then watch how it will perform. You need to play a lot in this markets and then see how it's going to fit in your goal, short or long term and your risk appetite as well.
As I mentioned I won't blame the content creator for using the word because there is no thing called safest investment and cryptos as well but they are better in somewhat and also there is clear explanation of why he consider it as better but no one can be successful if they invest on something which they doesn't have knowledge about it.

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October 08, 2020, 06:18:05 AM
 #29

Nothing is safe in the world of investment, there will be risks that we must face. Therefore, risk management is needed to be successful
in the investment world.
Of course there are safe place of investment and that is for Bitcoin,if you will put money in Bitcoin surely it is safe but of course it will take time and not over night you already have a gains,this is not how investment goes.
Quote
So far, the crypto that has the least risk is of course investing in stablecoins like USDT. Because the price of USDT
is the same as the price of USD, but the problem is that investing in stablecoins is safe, but the profit that will be generated is also very small.

Lol stable coin is a safe investing but your money almost not moving so whats the difference in putting your money in banks?

never fall for stable coins if you are aiming for profit.

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October 08, 2020, 09:19:28 AM
 #30

I have done a quick analysis on the market as well as the current Defi trend, everything is very weak right now and can collapse at any time. For me, the UNI token only goes up strongly when the Defi trend is still there, talking about the distant future is still just a garbage token and everyone should be careful.
Trend Defi will officially fall apart in the next few months, so if you have any advice on buying Defi coins, ignore it. Smiley

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October 08, 2020, 09:21:04 AM
 #31

I think the safest is still BTC. It has proven to be the safest.

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October 08, 2020, 09:30:08 AM
 #32

Buying the top altcoins will save the trader from losing the total investment and the volatility is low in the top altcoins. The safe crypto investment is the investment that doesn't place by the greedy investor, greed and fear are the two emotional factor which doesn't have a role in trader's life, from my experience.

But I think buying top altcoins are not safer, but allows to minimize losses and gives an imaginary protection against exit scam and instant price drop.

I cant name top5, but Bitcoin and Ethereum are definitely safer than others. But would not recommend any DeFi products altcoins for long term holding. Dont have much trust in DeFi.

 
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October 08, 2020, 10:54:45 AM
 #33

though it is not Altcoin But it is Bitcoin is the best currency to keep your funds safe.

Ethereum (ETH)- Waiting for the 2.0 version to be activated .

Ripple      (XRP)- Centalized Coin But still one of the best for the future investment.

DeFi Project    - only Few of them better be aware of the risk.


i only Got These mate because i have no more to add as i am for safer currencies.

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October 08, 2020, 01:44:44 PM
 #34

Yeah, I agree that the title is somewhat misleading, there's no such thing as "Safest" crypto as we all know that it's very volatile, and also fluctuates in short amount of time. That's why is really hard to give advises here. Maybe choose in the top 10 altcoins and then watch how it will perform. You need to play a lot in this markets and then see how it's going to fit in your goal, short or long term and your risk appetite as well.

First of all, one has to say that no cryptocurrency can be called "safe". All of them are high risk investments and before investing in any coin, one should always do a lot of research and really think through if it's worth investing or not.

If one wants to compare the different coins out there to each other, one could say that Bitcoin should be the safest to invest in, since it's by far the top coin out there. My additional choices would be coins like Ethereum or Cardano, but compared to other investments like stocks, gold or treasuries all of these are high risk and not "safe" in anyway.

That's why you should always DYOR before investing in any cryptocurrency.

Don't get fooled my missleading titles of a Youtube video.

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October 09, 2020, 03:57:15 AM
 #35

Generally BTC is like a blue chip stock, the safest however the amount of money you will make on it won't be as much as more other small/medium cap alt-coins.

Look what happened in 2017, BTC went from $1000 to $20000. So a 20x gain. If you invested $1000 you would of made a max profit of $20000 if you sold at the right time.

Now look at altcoins like ETH, from what I recall the price of ETH at beginning of 2017 was like $10 and it peaked at $1400 so a 140x gain. Basically $1000 would of net $140,000 max profit.

Now whats even crazier is XRP. It had a price of less than a penny, something like $0.007 per XRP. And it peaked at $3.20, so a 450x gain, so $1000 would of made you half way to being a millionaire.
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October 09, 2020, 11:53:43 AM
 #36

Nobody is crypto safe, everything can change quickly. Those 5 coins may mean a good choice to keep for now
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October 09, 2020, 12:02:48 PM
 #37

Nobody is crypto safe, everything can change quickly. Those 5 coins may mean a good choice to keep for now

Perfectly perfect. The only safe coin to invest is stablecoin if you are too cautious on trading. But actually all coin can be a safe coin if you know the perfect time to buy it. If you buy a certain coin when it was down then you can have a large of margin whenever the price correct after the dump. The reason why most of altcoins is risky because its price was too volatile and newbie traders always committed mistake like early entering while the dump is still not finished. When traders know how to used Fibonacci, it will be easier to determine the perfect but level.

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October 09, 2020, 05:39:25 PM
 #38

I think using the "SAFEST" word for investment or trading was not really right.

Because all investment or trading always have some risk and if you comparing the between other assets with cryptocurrency. Cryptocurrency has riskier but also the risk with profit still kinda worth it.

And about GSX, is really backed by gold? how we can verify that's. You know right all project who offering similar project like this especially "backed by gold" almost all of them was bullshit. The project i know who really backed by gold was GOLD Stablecoins, because they can prove it with the audit from Bullion Star. The price of token since the first time they publish the project was really following the price gold they rate using 1 Token = 1 Gram Gold.
I agree, the word safe should never be used when we are talking about investments, at best we should use the words less volatile to depict a coin that does not move as much, as such someone looking for that could be attracted to stable coins but as we know many of those that come to this market come with the illusion of making money in the market and for that they need to buy a true cryptocurrency and among those there is no better cryptocurrency than bitcoin, it is not as volatile as altcoins but not as stable as stable coins making the perfect investment option for those that come for the first time to this market.
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October 09, 2020, 06:15:40 PM
 #39


Perfectly perfect. The only safe coin to invest is stablecoin if you are too cautious on trading. But actually all coin can be a safe coin if you know the perfect time to buy it. If you buy a certain coin when it was down then you can have a large of margin whenever the price correct after the dump. The reason why most of altcoins is risky because its price was too volatile and newbie traders always committed mistake like early entering while the dump is still not finished. When traders know how to used Fibonacci, it will be easier to determine the perfect but level.

There's a bit of confusion here Smiley

There are striking differences between investors and traders.
Investors have a long-term approach to their future asset expectations, investors focus on the fundamentals of
technology that take a long time to materialize while a trader has short-term insight.
Cryptocurrency is probably the most risky asset you can use to make money

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October 10, 2020, 12:59:22 AM
 #40


Perfectly perfect. The only safe coin to invest is stablecoin if you are too cautious on trading. But actually all coin can be a safe coin if you know the perfect time to buy it. If you buy a certain coin when it was down then you can have a large of margin whenever the price correct after the dump. The reason why most of altcoins is risky because its price was too volatile and newbie traders always committed mistake like early entering while the dump is still not finished. When traders know how to used Fibonacci, it will be easier to determine the perfect but level.

There's a bit of confusion here Smiley

There are striking differences between investors and traders.
Investors have a long-term approach to their future asset expectations, investors focus on the fundamentals of
technology that take a long time to materialize while a trader has short-term insight.
Cryptocurrency is probably the most risky asset you can use to make money

Yeah I know. And you forgot to quote what I've quoted for that answer. I didn't intend to answer the OP but rather my quoted text which is a general discussion. I just site some example that any coin can be safe to invest if you know the right time to buy which only traders do. Investors don't do fibonacci because they focus in long term so it will be nonsense to discuss my point using investor as subject.

And also stop isolate quoting of post just to have your own explanation. I trade for more than 5 years and I know the difference of investors and traders. You can check my post history. .  Cheesy

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