Newbie thoughts about altcoin investments.

[Lite_bro]

You don't have to invest in altcoin if you are worried if the altcoin can't profit. You can only select bitcoin for your investment and never check on the altcoin market. You can buy bitcoin as many as possible because that is the best investment in the crypto market. You don't have to analyze more about the altcoin because you already have the best investment.

But if you are willing to invest in the altcoin, that can give you additional profit in the future because the altcoin will rise after bitcoin touch the high price. I suggest you to try to analyze the top 10 coin list at the coinmarketcap or coingecko, so you can get the good coin to invest.

Bitcoin is the most stable cryptocurrency and it is impossible to get more profit on Bitcoin.
Altcoins are much more volatility. There are some promising altcoins of the projects that offers a prospective technologies. But a lot of depends how these technologies will be realized.
Also many altcoins now use staking system to attract the community and pay users rewards for holding tokens.
This is an article about different kinds of staking systems and their advantages - https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc

It is still possible to make good money on bitcoin, look even at the latest rise in the rate. And for permanent earnings on this asset, there is margin trading. As for staking, you are right, there are good altcoins that provide this opportunity.

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[albon]

You don't have to invest in altcoin if you are worried if the altcoin can't profit. You can only select bitcoin for your investment and never check on the altcoin market. You can buy bitcoin as many as possible because that is the best investment in the crypto market. You don't have to analyze more about the altcoin because you already have the best investment.

But if you are willing to invest in the altcoin, that can give you additional profit in the future because the altcoin will rise after bitcoin touch the high price. I suggest you to try to analyze the top 10 coin list at the coinmarketcap or coingecko, so you can get the good coin to invest.

Bitcoin is the most stable cryptocurrency and it is impossible to get more profit on Bitcoin.
Altcoins are much more volatility. There are some promising altcoins of the projects that offers a prospective technologies. But a lot of depends how these technologies will be realized.
Also many altcoins now use staking system to attract the community and pay users rewards for holding tokens.
This is an article about different kinds of staking systems and their advantages - https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc

It is still possible to make good money on bitcoin, look even at the latest rise in the rate. And for permanent earnings on this asset, there is margin trading. As for staking, you are right, there are good altcoins that provide this opportunity.

Yes, there are altcoins that can make the investor reap a lot of profits from them because of their volatility and because they have not reached their highest level, but you need to be an expert in order to be able to identify these promising altcoins with the large number of projects that appear every day, as it will become difficult for a Newbie in this field and he does not have enough experience, the bitcoin in my opinion is safer than risking your money in projects that you do not know who is standing behind them.

[kawetsriyanto]

The basic ways to invest especially for newbies:
1. Never follow the hype
2. Never follow what your friends are investing in. Many newbies fall into the condition where they only follow their friends to invest in certain coins. unfortunately, their friends also only follow the hype without understanding the crypto very well. This really happens often and it is very risky for them
3. If you are newbies, it is better to choose the top coins, it is to make you avoid more risks. Although top coins also always have the potential of risks, at least, it is not as high as others.
4. Always try to do research although you are newbies. The ways by reading more information. this forum really gives much information and also experience sharing about it

[lienfaye]

Altcoins are not as reliable like bitcoin however there are altcoins that can be a good for short or long period investment particularly the establihed coins that we can see in the market.

Although it has risk, the chances to lose your money is less compared if you chose to invest in new coins.

For newbies its a must to know what you are getting into. Gather information that can help you understand crypto. Investing is risky (no matter what kind of investment it is) but if you have knowledge about it then you can avoid bad and scam projects.

[gundala]

....

For newbies its a must to know what you are getting into. Gather information that can help you understand crypto. Investing is risky (no matter what kind of investment it is) but if you have knowledge about it then you can avoid bad and scam projects.

newbies should also know that while crypto offers great opportunities, the risks are huge. So don't try just because "people say", you really need to know what you are getting into and the risks. well, compared to other investment products, crypto is more unpredictable and full of surprises, the market is very volatile, so you have to really prepare a mature strategy.

[Johnyz]

Not all altcoins are worth investing for, so newbies have to find a way to sort things out and invest only with the legit project.

Yes, there’s a lot of new altcoins in the market and its too risky if you’re going to invest on that easily so make sure to invest wisely as a newbie, and rely on good projects. If you’re a conservative newbie, then better to invest on the reputable coins it can give you a chance to take profit without taking too much risk.

[maydna]

Bitcoin is the most stable cryptocurrency and it is impossible to get more profit on Bitcoin.
Altcoins are much more volatility. There are some promising altcoins of the projects that offers a prospective technologies. But a lot of depends how these technologies will be realized.
Also many altcoins now use staking system to attract the community and pay users rewards for holding tokens.
This is an article about different kinds of staking systems and their advantages - https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc

It is still possible to make good money on bitcoin, look even at the latest rise in the rate. And for permanent earnings on this asset, there is margin trading. As for staking, you are right, there are good altcoins that provide this opportunity.

Yes, there are altcoins that can make the investor reap a lot of profits from them because of their volatility and because they have not reached their highest level, but you need to be an expert in order to be able to identify these promising altcoins with the large number of projects that appear every day, as it will become difficult for a Newbie in this field and he does not have enough experience, the bitcoin in my opinion is safer than risking your money in projects that you do not know who is standing behind them.

All of you are right. But before you invest in bitcoin or even altcoin, you need to make sure that you analyze the trend, so you can know when the best time to buy. But as we know that the altcoin still follows bitcoin price, the volatility will happen many times because if bitcoin is down for a small price, the altcoin can get down deeper, and hard to back to the current price.

Perhaps, you should choose bitcoin as the one investment that you have, and don't invest in the altcoin, especially if you don't know how to analyze the fluctuate of the altcoin price. That will be less risky for you because you don't have to analyze many coins, and you don't feel confused.

[Dessy88]

You already have the best investment so you probably don't need to analyze much because you've found the right way. Altcoins always play pump and dump games where you can't make any profit from investing unless you have an idea. Bitcoin is always the best investment currency for newborns and you can invest according to your needs if you want. Because bitcoin is the best currency where you don't have to take risks.

[Salauddin1994]

I agree that bitcoin is the best currency to invest in and the risk is lower as the demand for altcoins is low no one can say which way to turn so the risk will be higher even if the price goes down the chances of it going up areless. But of bitcoin even if the price goes down it will pump a lot its demand is high and the prices of other currencies bitcoin's price increases based on the price increase it is much easier to make a profit by investing in bitcoin but more risk of altcoin newcomers.

[NoG-NoG]

I that is you think many times before getting involved in investing to a new crypto project most important if you are just new in the crypto industry because it can avoid you from being scam or getting fraud by some advantage takers/scammers.

[Google+]

I that is you think many times before getting involved in investing to a new crypto project most important if you are just new in the crypto industry because it can avoid you from being scam or getting fraud by some advantage takers/scammers.

The world of cryptocurrency will indeed have a very high risk of losing assets immediately or you can also get a lot of profit, meaning that no investment of any kind will be able to guarantee a profit, stay aware of the steps you take in cryptocurrency.

[Lordhermes]

Obviously, investing in altcoin is really a waste of resources and money, time and data, I would never advise newbie to find time and go into investing in newly project especially defi ones, many had complaints and lamented the scam things that happened to them during defi presales and all of that, to me looking into altcoin is really not advisable.

I can only tell newbies to consider top altcoin like ETH, monero, ripple, Binance, and other top ones to avoid big loss and be at safer side, the altcoin mentioned have been doing great for a period of time now and possible will be a greater investing plans.

[santouao]

My thoughts about altcoin investment is to never rely under no circumstances invest in something you don't really know anything about or on something you don't understand. Because there are altcoins out there that are worth to invest in, and in relation to others almost safe. There's also plenty of options out there, just do some extensive research before you decide whether to invest or not to invest in an altcoin.

[btc78]

I don't think I agree with saying Altcoins are not an option, they all have no fundamentals. In fact, many of the top 10 altcoins on coinmarketcap are great choices. It is true that Altcoins are still very dependent on BTC but in fact Yearn Finance has broken it by giving a surprise to all

Supporting this because i believe that Altcoin at some point can grow in future without depending in Bitcoin movement.
there might be some altcoin that has no future but there are also very futuristic and can make someone rich just by holding like what we tend to do In bitcoin.

I have already bought my altcoin set and i don't care what others says but i am confident that in the end of all i will be making good amount of money.

Many shitcoins are circulating but if we know and trust our coins,at some point we will be making Money.

[darkphoenix2610]

There are lots of projects coming nowadays, legit and scam projects are always on the go. Too bad newbies got hype most of the time and they didn't tend to do depth research on the project they are investing in. So it's really advisable to warn the newbies about the dos and don'ts in investing in a new project.

[Genemind]

Altcoin investment is guaranteed to be riskier than bitcoin investment. New projects fail and even some projects who were able to survive has no assurance that it will remain stable. Only a few survive the market and even those who are on the top took years before they become established. Investing in crypto is a gamble, and it may take years and a lot of patience before you can find a good project to invest in.

[dobol]

Altcoin investment is guaranteed to be riskier than bitcoin investment. New projects fail and even some projects who were able to survive has no assurance that it will remain stable. Only a few survive the market and even those who are on the top took years before they become established. Investing in crypto is a gamble, and it may take years and a lot of patience before you can find a good project to invest in.

There will be always risk, but if you really can find sickas projects i think it will be for longterm, but ngl that most of the projects today only last for 1 year, not really sure why that's happens even with big team

[qomariah95]

The idea of a beginner in investing is only thinking about profits, without thinking about the risks or losses that will be experienced. That's what beginners or new to altcoins should know. I would rather invest in older coins, than new born altcoins that are still doing ICOs and the like.

[kotajikikox]

There are lots of projects coming nowadays, legit and scam projects are always on the go.

But majority is scam admit it lol

Too bad newbies got hype most of the time and they didn't tend to do depth research on the project they are investing in. So it's really advisable to warn the newbies about the dos and don'ts in investing in a new project.

every section has a Pinned Topic in which will save them if they will only spend some time to read and ask.
This community is very helpful that each question you lay will receive a hundred replies.
With that then you can be saved if greed won't come to your mind and not only looking for faster profit.

[Distinctin]

...
Are you still willing to take the risk?[/b]

The reason why many had come into cryptyo investment because they think being profitable secured. They are willing to take the risk because they have driven by their positive mindset and that is to gain profit.
High-risk = big profit

I often think it as well before but as I decided to enter the market and invest in Bitcoin (not altcoin), I'd found difference, and I don't feel such a thing but the confidence that I can money in here.

Most altcoins have done no good, most of them turn to dead which I neglected to consider them when investing crypto instead, to focus on Bitcoin and some known altcoins, not for the new projects.