Don't buy altcoins because they are top altcoins

[danherbias07]

Agreed.
BNB had been a good choice whenever there's a broad fluctuation happening. Bitcoin goes down, and every altcoin goes down.
But what would happen if Bitcoin goes up? Which altcoins are going with that flow and which are not?
I think we have to be keen on these types of events. We cannot just buy them because they are listed on the top by whatever price-tracking website.
They may have their own view on what should be on the top or not, and there may be instances they are paid just so they can put them on higher ranks and be seen.

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[Silberman]

Agreed.
BNB had been a good choice whenever there's a broad fluctuation happening. Bitcoin goes down, and every altcoin goes down.
But what would happen if Bitcoin goes up? Which altcoins are going with that flow and which are not?
I think we have to be keen on these types of events. We cannot just buy them because they are listed on the top by whatever price-tracking website.
They may have their own view on what should be on the top or not, and there may be instances they are paid just so they can put them on higher ranks and be seen.

This is exactly what happened to XRP, XRP has been at the top 10 for so long that some people see it as a safe investment, even if it is a centralized coin with connections to different banks, however during the previous bull run it barely grew in price and it was left behind by bitcoin and ethereum, so while there are many people that expect XRP could finally reach a new all time high, it is possible that the previous scenario will happen again and XRP will fail to reach that goal.

[o48o]

Thing is, historically, even if most of them died, if you just had bought most of them, you would still be heavily in profit. And i am referring to this:
https://bitcointalk.org/index.php?topic=5418571.msg61196924#msg61196924

I am not saying that similar moonings for top coins would happen in these marketcap levels as no one knows that, but i am saying that historically, you might not have to pick the right coins if you diverse enough.

[pantek talacuik]

That's how the market flows, they can't make it up since they lack development and usually, those altcoins are able to make it to the top 10 because of hype. And, as of now, we look into the purpose of each altcoin and how it can help the cryptocurrency world and make the transaction much faster and easier to use.

Maybe that's one of the benefits later for those who still hold Altcoin or Bitcoin and can be used in daily transactions. but you better see progress every year and I'm looking forward to 2023 what all this will bring. But does everyone realize that this has been a huge struggle and looking at the price of Bitcoin that makes it doubt everyone will grow back.

[fzkto]

That's how the market flows, they can't make it up since they lack development and usually, those altcoins are able to make it to the top 10 because of hype. And, as of now, we look into the purpose of each altcoin and how it can help the cryptocurrency world and make the transaction much faster and easier to use.

Maybe that's one of the benefits later for those who still hold Altcoin or Bitcoin and can be used in daily transactions. but you better see progress every year and I'm looking forward to 2023 what all this will bring. But does everyone realize that this has been a huge struggle and looking at the price of Bitcoin that makes it doubt everyone will grow back.

Not all altcoins will grow of course, but I have no doubt that we will see bitcoin and other major coins like LTC, BNB, ETH rebound this year. I think it will happen not at the beginning of the year, but surely in spring or maybe autumn. Now is still a good buying opportunity.

[TheUltraElite]

Not all altcoins will grow of course, but I have no doubt that we will see bitcoin and other major coins like LTC, BNB, ETH rebound this year. I think it will happen not at the beginning of the year, but surely in spring or maybe autumn. Now is still a good buying opportunity.

The OP has shown clearly an evidence of how badly performing the minor altcoins have been. The top few coins have performed well no doubt but the common people dont want to go for that, because some internet random username told them about a certain shitcoin that will become the next bitcoin and they filled their bags with that coin spending a load of fiat cash from hand.

Buying the top altcoins can mean a good portfolio but buying these shitcoins only weakens it. Being safe you could stick with only bitcoin but expand more and you will expand your own risk.

I still consider playing it with bitcoin only is the safest, any "spare money" you have should be put into other sectors like stocks, real estate, commodities but never in altcoins.

[piebeyb]

usually i avoid on crypto projects that are full of greedy investors don't have much active community supporting and use them as holders, because i think it will be the target of chaos , so it's better on coins that are fully supported by the community e.g. on meme tokens, bitcoin or any other altcoin, to be honest I'm better off holding onto bitcoin for now

[LogitechMouse]

With what the OP has posted, maybe we can disregard Ethereum on that rest of those altcoins out there. All of them except for Bitcoin and Ethereum are all shitcoin or maybe we can disregard Litecoin as well?

Whatever happens, always put Bitcoin as the top holdings in your portfolio. I mean it's the most trusted cryptocurrency so no more other explanation as to why we need to allocate a huge percentage of our money investing into it right. Now with regards to altcoins, there is only 1 altcoin that I like to invest my money with and that is Ethereum. Kinda ironic TBH because I'm holding and staking ADA right now because I just want to have a passive income .

I'm slowly accumulating ETH and I guess if somebody here will recommend an altcoin that newbie investors might want to invest their money with, it will be Ethereum right? or wrong?

[ningrum]

usually i avoid on crypto projects that are full of greedy investors don't have much active community supporting and use them as holders, because i think it will be the target of chaos , so it's better on coins that are fully supported by the community e.g. on meme tokens, bitcoin or any other altcoin, to be honest I'm better off holding onto bitcoin for now

Each of them has a choice, but indeed in a bearish market like now it is very good if we avoid coins that have bad project fundamentals,
and it is more advisable to buy altcoins that do have good fundamentals, yes, good fundamentals are not just top altcoins like BNB, ETH or XRP,
but coins on coinmarketcap with rank 100 to 500 might be very suitable for further analysis before choosing the right one.

[KennyR]

Altcoins are good investment with increased risk, because of many incidents happening negative with the altcoins. We don't know whether the growth will last for longer time period or not. Most of the altcoins market crash happens out of the lack of development or out of the improper fund handling. With altcoins it is good to keep it for short term profiting as well as into trading.

[Anonymous100]

Top coins changes since 2013 to 2022

Coinmarketcap Cryptocurrency Historical Data Snapshot

Many coins lose their top positions and many of them are dead coins too. Some dead Bitcoin forks, Bitcoin Cash, Bitcoin Gold, Bitcoin SV. Lately in 2022, Terra and FTT are latest top coins fell to the hell.

If you buy altcoins, please don't buy them because they're top coins.

Since 2013, only Bitcoin, Litecoin and Ripple are there till 2022.
Since 2016, Ethereum is always there.
Since 2018, Binance BNB is always there.

Binance looks good with BNB and BUSD. Binance BNB ranked 16th in 2018 and Binance USD ranked at a same position in 2021. Now BNB is at 4th and BUSD is at 6th.
~

We can't make a stable coin a reference to be in the top position or the bottom position. It depends on the market situation, or based on market capitalization. Stable coin market capitalization is fixed, unless there is an increase in supply. So a stable coin position really depends on being bearish or bullish. But unfortunately for some other coins that can not maintain their positions. It relies heavily on the development of the blockchain. After the advent of the Ethereum blockchain, many other coins died. Because Ethereum presents a blockchain with a smart contract system.

[TheUltraElite]

Altcoins are good investment with increased risk, because of many incidents happening negative with the altcoins. We don't know whether the growth will last for longer time period or not. Most of the altcoins market crash happens out of the lack of development or out of the improper fund handling. With altcoins it is good to keep it for short term profiting as well as into trading.

Altcoins are short term performers, they are not long term games. The development that happens in altcoins is often non-existent vaporware and we should be careful not to divulge into shitcoins that only give promises and keep going down. Because newbies often get swayed by the promises made by such companies (or just scammer groups) they exist and run rampant often promoting themselves through the words of these fooled newbies.

This is why long term gains are only seen with the top altcoins and of course bitcoin. Because there so development has happened to put them up in a decent place against bitcoin.

[JunkieMiner]

Probably most of the coins are behaving according to the trend which is running, and still the hype of the coins also been affected by the movement of bitcoin, in a little bit sense, but we should confess it that due to bitcoin most of the altcoin, can be pumped when it goes green and most of them could be down, when it turns out to be red.

[virasisog]

There are reasons why top coins are on top. They might be on trend or hype, they have a huge potential or they are going along with the movement of Bitcoin. So being on top isn't a reason enough for us to stick on them but rather do a research about their potential first for us to avoid confusions. We must know the capability of top coins as well as their reputation. There arw coins that could be on top in just a short period of time and would lose their value later on so we must be very careful.

[isaac_clarke22]

Buying the top altcoins can mean a good portfolio but buying these shitcoins only weakens it. Being safe you could stick with only bitcoin but expand more and you will expand your own risk.

I see a lot of meme coins being posted by some random usernames here in the forum that it will indeed replace {insert meme coins or Bitcoin} in the future, but just faded out of existence. Only thing that holds investor  from buying top coins would be the price and that's understandable on why they settle for coins in the lower rank, but come on, why would some even bother to a copy-pasta coins in the market?

And yeah, spare money are better off in a better sectors like you mentioned. I already had my worst experience back in 2017-2018.

[Fredomago]

Probably most of the coins are behaving according to the trend which is running, and still the hype of the coins also been affected by the movement of bitcoin, in a little bit sense, but we should confess it that due to bitcoin most of the altcoin, can be pumped when it goes green and most of them could be down, when it turns out to be red.

That's how the market is working and we continually see it happens from time to time, I see your point and it's really that big influences from Bitcoin that affects the entire industry, but, if you believe that there's still a big run to anticipate that worthy of waiting, why not to hold right? depends with how you take the full responsibilities in doing your research and hoping that you do the right thing.

[South Park]

There are reasons why top coins are on top. They might be on trend or hype, they have a huge potential or they are going along with the movement of Bitcoin. So being on top isn't a reason enough for us to stick on them but rather do a research about their potential first for us to avoid confusions. We must know the capability of top coins as well as their reputation. There arw coins that could be on top in just a short period of time and would lose their value later on so we must be very careful.

True, but many investors simply do not do their due diligence when they invest in one or several coins which currently sit at the top, they think that just because those coins are at the top then they are going to remain there, but this is not true, in a way it is incredible that people can think like that as the one thing that brings the majority of them to this market is the volatility, and if a market is volatile then this means that the coins which are currently at the top can be replaced at any moment by other coins, but for some reason such reasoning never crosses their mind.

[TheUltraElite]

I see a lot of meme coins being posted by some random usernames here in the forum that it will indeed replace {insert meme coins or Bitcoin} in the future, but just faded out of existence.

Anybody can create a shitcoin be it a vaporware, shittoken or a memecoin (<that has been the sequence over the years) and spread it on this forum like wildfire. There will be risk taking people ready to jump on them and attempt to quick flip or shill it for a better price.

Only thing that holds investor  from buying top coins would be the price and that's understandable on why they settle for coins in the lower rank, but come on, why would some even bother to a copy-pasta coins in the market?

Settling for lower coins is often a method to "quickly finish it off" but we have been in the market for long and we understand that it is better to rather hold the fiat for buying bitcoin than spend it on buying shitcoins. The second options always leads to less than break-even during selling.

And yeah, spare money are better off in a better sectors like you mentioned. I already had my worst experience back in 2017-2018.

We all have had our share of experiences but not everyone will understand that.

[Desmong]

Mist of the top coins we are seeing could easily be dumped anytime and the money would be used to buy another new altcoins. Mist of these top coins we are seeing now can be easily dumped and left so we need to be very careful and make sure that we buy and be aware of dumping so in case anything happens after we start holding.

[Natalim]

There are reasons why top coins are on top. They might be on trend or hype, they have a huge potential or they are going along with the movement of Bitcoin. So being on top isn't a reason enough for us to stick on them but rather do a research about their potential first for us to avoid confusions. We must know the capability of top coins as well as their reputation. There arw coins that could be on top in just a short period of time and would lose their value later on so we must be very careful.

But for me, the rank determines the potentiality and market capability of a certain project. It is usually based on the market demand but I agree about doing more research as holding them long-term, it was better to have the assurance that this project will last longer than those in hyped projects. It is really a big mistake from jumping into the crypto without doing any research but if we just invest in Ethereum and BNB, it is something we don't need anymore.