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Author Topic: Which is currently the best crypto to invest in?  (Read 2000 times)
Furious 7
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February 23, 2023, 08:14:45 PM
 #61

Bitcoin and Ethereum.

Yes there are many altcoins out there that you can invest your money with, but Bitcoin and Ethereum are the 2 top coins in terms of market cap, the 2 most trusted coins. I don't know if this is applicable for both of them, but they're like the blue chips in the crypto market since they are at the top for a long time.

Overall, sometimes it depends on the investors themselves. Are they ready to take the risk? Will they not panic if the worst thing happens with the coins they bought? Are you not affected if your coin goes down massively? How much are risk are you willing to take? Are you a conservative or an aggressive investor? Some of the question that an investor must answer first. If you're an aggressive one then maybe try those coins below top 50 or even those new projects out there. Now if you're a semi-conservative then just go with the coins that are at the top 10 in terms of market cap. If you're conservative then go Bitcoin only.

Just take note that the higher the risk, the higher the reward and vice-versa.
Actually in this case I don't really like to compare things that are not comparable.
Regardless, Ethereum is one good altcoin, but I still don't think they can be compared to bitcoin.
Bitcoin can't be compared to anything else Ethereum can only follow behind and in this condition it's clear they really can't be compared because it's really not worth comparing either.

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February 23, 2023, 08:31:03 PM
 #62

I think, Bitcoin is the best to invest because it still remain the king among other cryptocurrencies which it will allow you to enjoy some reward in your investment when the price increase higher. Now that the price of Bitcoin has decreased to 24,182, showed that you can use any amount of money to invest in Bitcoin and hold to watch when the price will increase higher to your satisfaction before you can sell to experience what other potential traders are experiencing in the community. I believe, you will not regret why you invest in Bitcoin, because whenever Bitcoin price is pumping in the market other cryptocurrencies price will be pumping too, showed that Bitcoin investment is a profitable investment.
I agree, bitcoin is by far the best one and will stay the best one and investing into it would make you the most profit. However, if we are in altcoin section and I am forced to pick an altcoin to pick, I would have to pick ethereum because then we are talking about altcoin in that case, even though it is second ranked and bigger than most coins combined, it's still an altcoin, and I believe that it will definitely be staying at a high level and not going anywhere anytime soon.

In that way, you are investing into something because iti s highly ranked like you would on bitcoin, but you are still picking an altcoin at the same time. Bitcoin and ethereum, they are just too good to not pick.

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February 23, 2023, 09:01:26 PM
 #63

There are people that crypto-currency has worked for them that’s making them financially better than what they were before Crypto. But also there are people who Crypto-currency did not work for them this has to do with wrong moves, over expectations and insufficient support/knowledge .

To invest successfully in crypto-currency you should have good knowledge and newbie investors really don’t have time for learning. I am into Bitcoin and so has it been for a long while, Altcoin is too risky for me. I check out for consistency, reviews, Market history and price.

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February 23, 2023, 10:30:29 PM
 #64

...I wish to invest in crypto with cash,but with minimal knowledge,so I seek the help of this house in advise on which crypto to invest in currently as someone who is just getting to learn about crypto currency.

This way of investing on someone else's advice will not lead you to success. However, the most common answer would be that a beginner should invest in bitcoin, as it is the safest in the cryptocurrency market. If you had more knowledge, then you could choose something from altcoins and such an investment could bring more profit.

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February 23, 2023, 10:46:54 PM
 #65

all you have to do is do your research before investing in crypto because you will be bearing the loss for yourself and without blaming anyone else, following someone's advice to invest in a certain crypto can obviously lead to big losses so start doing research on this forum at altcoin ANN board

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February 24, 2023, 07:21:14 AM
 #66

if you want to invest for a long time, choose the POW based coins. dont choose POS tokens. the POS tokens could be very risk and prepared to crash to zero. just the DAO and FTT. when there is problem with the stake, then the tokens is useless. some tokens issued by specific organization, company or some individuals also is very risk. after they got enough profits, may sell all tokens. then most investors will get burned. you may try to diversify your packaged investment with top 10 coins. not financial advise, just what i did on my own.
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February 24, 2023, 07:43:53 AM
 #67

Bitcoin, Bitcoin and stay with Bitcoin, because it's the safest for you as a beginner. If you can't do the research yourself, holding bitcoins is best. But if you've watched someone over the years make a good living with crypto, why don't you follow him and wake up now. You may be too afraid of risk to have more desire to get into crypto. Don't use minimal knowledge, you have to learn the basics of crypto and it needs to be done. Don't ask which crypto is good for investment, but ask yourself if you are ready with crypto and all the risks.

true, in the long time view, bitcoin maybe not the one with highest return, but the most secure coin to invest.
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February 24, 2023, 04:32:44 PM
 #68

Bitcoin, Bitcoin and stay with Bitcoin, because it's the safest for you as a beginner. If you can't do the research yourself, holding bitcoins is best. But if you've watched someone over the years make a good living with crypto, why don't you follow him and wake up now. You may be too afraid of risk to have more desire to get into crypto. Don't use minimal knowledge, you have to learn the basics of crypto and it needs to be done. Don't ask which crypto is good for investment, but ask yourself if you are ready with crypto and all the risks.
Being afraid of taking too many risks is a good thing as that saves you from getting more potential losses. People who tend to invest in altcoins or new coins should have this instinct of being a little afraid of the risks otherwise they will be exposed to exponential losses. Also, it is never recommended to follow someone else's decisions, especially in trading. Your trades should be based on your own research and even if based on instincts, they should be yours and not someone else's.

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February 25, 2023, 10:37:44 PM
 #69

I have been a crypto enthusiast for some time now,thou I have lacked consistentency,but over the years I have seen people who have carved out good lives for themselves with crypto,either by direct or indirect investment.,as a result I wish to invest in crypto with cash,but with minimal knowledge,so I seek the help of this house in advise on which crypto to invest in currently as someone who is just getting to learn about crypto currency.

Know the risks of crypto investment first so you will know the amount of funds that you would allocate for it. Just invest what you can afford to lose. I agree with the majority that focusing on Bitcoin will be the best thing to do. If you will do research, you would know the capability of Bitcoin to give you a prpromisingrofit. You only have the patience and courage to deal with the volatility of the market as you choose a long-term investment.
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February 25, 2023, 11:53:20 PM
 #70

Bitcoin, Bitcoin and stay with Bitcoin, because it's the safest for you as a beginner. If you can't do the research yourself, holding bitcoins is best. But if you've watched someone over the years make a good living with crypto, why don't you follow him and wake up now. You may be too afraid of risk to have more desire to get into crypto. Don't use minimal knowledge, you have to learn the basics of crypto and it needs to be done. Don't ask which crypto is good for investment, but ask yourself if you are ready with crypto and all the risks.
Being afraid of taking too many risks is a good thing as that saves you from getting more potential losses. People who tend to invest in altcoins or new coins should have this instinct of being a little afraid of the risks otherwise they will be exposed to exponential losses. Also, it is never recommended to follow someone else's decisions, especially in trading. Your trades should be based on your own research and even if based on instincts, they should be yours and not someone else's.

if you will explore alts, it is always advisable to keep up with their news and updates, lurk around their soc med channels and you will get insights on where they are heading at. sometimes you will get the instinct of the team's plans with their replies. so if you believe they are about to abandon the project, much better sell off rather than hold worthless coins later on.

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February 26, 2023, 01:35:44 AM
 #71

Bitcoin, Bitcoin and stay with Bitcoin, because it's the safest for you as a beginner. If you can't do the research yourself, holding bitcoins is best. But if you've watched someone over the years make a good living with crypto, why don't you follow him and wake up now. You may be too afraid of risk to have more desire to get into crypto. Don't use minimal knowledge, you have to learn the basics of crypto and it needs to be done. Don't ask which crypto is good for investment, but ask yourself if you are ready with crypto and all the risks.
Being afraid of taking too many risks is a good thing as that saves you from getting more potential losses. People who tend to invest in altcoins or new coins should have this instinct of being a little afraid of the risks otherwise they will be exposed to exponential losses. Also, it is never recommended to follow someone else's decisions, especially in trading. Your trades should be based on your own research and even if based on instincts, they should be yours and not someone else's.

if you will explore alts, it is always advisable to keep up with their news and updates, lurk around their soc med channels and you will get insights on where they are heading at. sometimes you will get the instinct of the team's plans with their replies. so if you believe they are about to abandon the project, much better sell off rather than hold worthless coins later on.
This is essential, over the years I have seen investors which decide to invest in a new altcoin but they do not invest the necessary time to keep up with it, so whenever there is a big announcement they miss it by a few weeks or months, and this is a big problem as this means their reaction comes way too late, to the point some may miss the opportunity to sell their coins for a massive profit or to sell them before there is a rug pull.
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February 26, 2023, 02:53:21 AM
 #72

In my opinion, the best cryptocurrency that is advisable for long term hold and investment is Bitcoin. Other altcoin may offer some sort of good returns but if you are in for the long term and want a crypto that would stand the test of time, the best bet is to hold bitcoin. Most altcoin are built around individuals who created them and their team of developers, but bitcoin is built for the community.
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February 26, 2023, 05:55:00 PM
 #73

You said you are here for quite some time now? So therefore your knowledge is not minimal anymore. All you need is to be more consistent because you also said that you lacked it lately. Don't worry because all people are sometimes lacking of it. Not all times we are motivated but we still do our best to return on the game that we already started.

As for the crypto recommendations, there is no other debate needed about this but Bitcoin can easily win this competition. I don't know if what do you mean by indirect investment. Is it investing on behalf of others? I think that was too risky. Investing on our own is not hard to do mate, so always opt for direct investment.

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February 26, 2023, 07:30:21 PM
 #74

You only need to buy bitcoin from now on without having to do any research, then hold it for the long term. it would be a good investment without the risk of having to lose due to a scam project or something like that. Bitcoin is an option for anyone. The bigger you invest in bitcoin, the more profit you will get. but remember that prices will fluctuate, you only need to set a target price to be achieved and leave it until it is reached. Don't panic or anything. The average user here also recommends bitcoin, but if you want to start with altcoins then you should do some detailed research so you know what the future holds for the project.
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February 27, 2023, 10:16:29 AM
 #75

all you have to do is do your research before investing in crypto because you will be bearing the loss for yourself and without blaming anyone else, following someone's advice to invest in a certain crypto can obviously lead to big losses so start doing research on this forum at altcoin ANN board
You can get an idea about the project from the ANN but not more. You have to visit the website and attempt to track the people behind it to get more idea. Often the team members will be fake and you be surprised to see how many newbies have fallen for that and did not bother to check.

Always track the advisors on LinkedIn and text them about the project and see if they even respond or not.

A lot of research goes in to determine whether a project is investment worthy or a waste of money. In that sense, 99% are scams and you would be better off investing in Bitcoin.

R


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ethereumhunter
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February 27, 2023, 04:23:26 PM
 #76

You only need to buy bitcoin from now on without having to do any research, then hold it for the long term. it would be a good investment without the risk of having to lose due to a scam project or something like that. Bitcoin is an option for anyone. The bigger you invest in bitcoin, the more profit you will get. but remember that prices will fluctuate, you only need to set a target price to be achieved and leave it until it is reached. Don't panic or anything. The average user here also recommends bitcoin, but if you want to start with altcoins then you should do some detailed research so you know what the future holds for the project.
Buying bitcoins from now on can be done but it would be better if he could analyze it first to determine the best time to buy bitcoins. It can make him panic if he can't control his emotions because he lacks experience and doesn't see many market changes. If he can analyze first, he will understand that buying at low prices will be much better than buying directly at current prices. But the choice will still come back to him because we can only suggest based on what we have experienced.

For the altcoins he wants to buy, he also has to research to find the coins because as we know, there are lots of altcoins on the market that cannot necessarily increase at the same time. We can only do research before buying any altcoin so that we don't regret it later.

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February 27, 2023, 05:43:34 PM
 #77

...I wish to invest in crypto with cash,but with minimal knowledge,so I seek the help of this house in advise on which crypto to invest in currently as someone who is just getting to learn about crypto currency.

This way of investing on someone else's advice will not lead you to success. However, the most common answer would be that a beginner should invest in bitcoin, as it is the safest in the cryptocurrency market. If you had more knowledge, then you could choose something from altcoins and such an investment could bring more profit.

Yes, it's really much better to equip yourself with a knowledge so that you as an investor knows what to do throughout your cryptocurrency journey. It's just like starting a business, how can you manage your business carefully if you do not know what to do and how to make your business flourishing. There are some people are who are still successful in their crypto journey even if they just have a minimal knowledge, but I really don't recommend to do the same thing as it's too risky.

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February 27, 2023, 08:39:25 PM
 #78

Bitcoin is the best crypto for newbies,

Bitcoin is the best crypto, period. Show me a cryptocurrency that is better than bitcoin, I'm really curious what you can come up with.
Quote
altcoins are not as safe as Bitcoin but altcoins have the potential to 30x or even 100x your money,
They also have the potential to zero your investment, which is something bitcoin will not do.

Altcoin won't go 30x without bitcoin leading the way. If bitcoin falls they'll fall, but it doesn't mean they won't fall if bitcoin goes up.


I think that this one isn't better, but is the next best thing.... Kaspa. I think the project has a bright future ahead of it.
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February 27, 2023, 08:42:07 PM
 #79

You'd be surprised by some random replies with cryptos that you have no idea about. It's understandable if it's bitcoin, Ethereum, bnb or any other top cryptos but when someone says that this 'xx' coin is the best and you get to check it and got zero volume.
Do not believe them and gather more information about what the people are saying and suggesting and you'll get the authentic answers and that's playing around mostly for bitcoin.

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February 27, 2023, 10:13:36 PM
 #80

Absolutely, always do your own research and make an informed decision. Bitcoin will always be the OG and wont be going anywhere.
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