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Author Topic: Any advice for invest my first 600$ in altcoins?  (Read 2055 times)
kevinzxz
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May 19, 2023, 02:57:13 PM
 #101

Hi just new to here. I want to know what are the good altcoins that can be invest and forget until 2026. I'm currently thinking to spend around 600$ for altcoins. Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.

Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you

I personally would advise you to invest in altcoin that are in the top 100 if you want to hold until 2026 and I think your choice is right to buy ETH and BNB, so my advice is that you better to invest again in ETH and BNB, then hold for the long term, because I believe if there is a bullrun in 2026, then of course the price of BNB and ETH will increase very high or even create a new ATH price.

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May 19, 2023, 04:29:57 PM
 #102

~~
so don't get your hopes up and if investing must use 20% funds to survive in the long term.
I think similarly with your opinion. Newbies are always hurry to booked profit and that's why they made mistake by investing new altcoins. New altcoins obviously raise up chance to book maximum profit, rather it might be dangerous too. Investing 15-20℅ on newcoin of whole capital is genius idea to enter new coins galary while rest of your capital will be Secure with others top coins
Under current market conditions, don't invest in new altcoins because many new altcoins are currently not reaching the highest increases because there is no market support, focus on investing on top coins because many new altcoins that have been listed on top exchanges don't reach their highest prices, so use market moments now to increase investment in top coins compared to new altcoins.

Usually, I am against altcoins but there are many coins that are promising now and that is because of their capabilities and proven results over the period of time. I have long forgotten the coins like BNB, WRX, TBX, etc which are only used as a utility within the exchangers. For example, you can save up to 20-50% on the fees if you pay the fees using their token so this is a way to ask their investors to buy more. BUt that is the shittiest utility you could ever imagine.

However, there are some other coins that work on PoW, and thus real mining goes into it. For example, RVN, MATIC, etc who has proven their stability as well as long-term existence in the market. They are being mined which means they have miners as holders and others contributing to a good market volume of the same.

There is always a group of coins that will come and go, but there are some which are here since long now. Invest wiesly.
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May 20, 2023, 04:10:35 AM
 #103

Hi just new to here. I want to know what are the good altcoins that can be invest and forget until 2026. I'm currently thinking to spend around 600$ for altcoins. Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.

Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you

I don't recommend buying BTC, ETH or BNB because everyone knows it's very Fundamental. But I suggest Make Dollars first. Wait for the market to provide the lowest price, then you enter again and set to sell at the high price. do it over and over now. The short pattern works well to increase your investment estimate. a minimum increase of 10% of total assets is also not bad per week if you do the math.

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May 20, 2023, 05:52:59 AM
 #104

Hi just new to here. I want to know what are the good altcoins that can be invest and forget until 2026. I'm currently thinking to spend around 600$ for altcoins. Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.

Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you
Here are some concise tips for your investment in cryptocurrency:

  1. Do thorough research: Learn about different cryptocurrencies, their technology, and their potential for growth. Understand the risks and volatility associated with the crypto market.
 
  2. Start with a small investment: Begin with an amount you're comfortable with, considering the speculative nature of cryptocurrencies. Gradually increase your investment as you
  gain more experience and confidence.

  3. Stay updated and informed: Keep up with the latest news, market trends, and regulatory developments in the cryptocurrency space. Be cautious of hype and be prepared for
  market volatility.

  4. Be patient and disciplined: Cryptocurrency investments can be highly volatile. Avoid emotional reactions to short-term price fluctuations and stick to your investment strategy.

      Remember, investing in cryptocurrencies carries risks, and it's essential to make well-informed decisions based on your personal circumstances and risk tolerance.

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May 20, 2023, 06:17:20 AM
 #105

Hi just new to here. I want to know what are the good altcoins that can be invest and forget until 2026. I'm currently thinking to spend around 600$ for altcoins. Right now I'm holding BNB & ETH only as altcoins. Don't say buy BTC cuz already have nice amount since 2010.

Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you

You know it's better to do research on your own rather than asking or relying on others what altcoins you should buy here in cryptocurrency. At least you feel good because, in the end, you don't have anyone else to blame because you followed other people's advice.

Then there are many methods of how to buy promising altcoins, like google, he is there to help us by giving you options or references that you can go to so you can take a look at a coin.


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May 21, 2023, 12:06:29 AM
 #106

I personally would advise you to invest in altcoin that are in the top 100 if you want to hold until 2026 and I think your choice is right to buy ETH and BNB, so my advice is that you better to invest again in ETH and BNB, then hold for the long term, because I believe if there is a bullrun in 2026, then of course the price of BNB and ETH will increase very high or even create a new ATH price.
an opinion that may be the same as my prediction and opinion, that the bullrun will begin to appear in the era of the halving period which will occur in Q1 of 2024 and after a year later it will usually reach its best ATH. maybe ETH, BNB, ADA are the best altcoin choices that are very reliable during the bull run, don't hold too many altcoins it will be more reliable, unless you really have a lot of funds.

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May 21, 2023, 04:55:08 PM
 #107

SUI has more potential in the future, maybe up to 6$, 7$ like aptos. SUI's founders got massive investors over this target which got me thinking. maybe the next day there will be a new ATH for SUI, maybe for now it's good to buy and just wait for bitcoin which is currently being corrected.bitcoin halving is also approaching
I also think SUI is a potentially interesting project and might make it to the top of CMC in the future, but they have 10 billion coins and need to understand when they will unlock. It might happen that you buy $1 coins now and in half a year the price will drop due to the unlocking of the coins. So you should always research the tokenomics of new projects.
just for example my speculation, the locked SUI token will likely open where the bitcoin position will halving or after the halving, because the moment after the halving will make the altcoin rise from the bottom price. surely the founder will not let SUI token sleep for a long time, I'm sure the SUI project has good potential. it just hasn't happened for this year
I don't see how Bitcoin halving has anything to do with the total supply or circulating supply of SUI or any altcoin. It is not only about the price, if a token has a very huge supply, it is more likely to lose value over time since there will never be an scarcity of the token so the demand won't increase as much as it should to make the price go up.

I don't say SUI is a bad token, it is a great project and it obviously has the potential to become one of the top altcoins of the future, but regarding the supply, I also think it could be a concern in the long run unless they reduce it somehow.
things that happen if there is less interest in investing in SUI tokens there must be other ways, such as burning their tokens from a few percent of the total supply. yes, if it is locked for a long time it is indeed very less attractive to become a portfolio. there are still many new altcoin ecosystems that are still being tested in the future, don't miss it

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May 25, 2023, 05:07:43 PM
 #108

Then when I was actively anticipating on altcoin I do go to CMC and choose coin that are newly listed over there that are as well listed in a good exchange like Binance, Coinbase, Kraken and Kucoin, I believe any coin listed in these exchange can last for at least 2 years or more before any issues. Although this is not a solid way to choose a token or coin because it may not favor you that much, I have been doing that then but decided no leave altcoin.
It's better you check the more details of the coin you want to hold till 2026 otherwise you could be left worthless token in your wallet.


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May 25, 2023, 05:11:59 PM
 #109

Then when I was actively anticipating on altcoin I do go to CMC and choose coin that are newly listed over there that are as well listed in a good exchange like Binance, Coinbase, Kraken and Kucoin, I believe any coin listed in these exchange can last for at least 2 years or more before any issues. Although this is not a solid way to choose a token or coin because it may not favor you that much, I have been doing that then but decided no leave altcoin.
It's better you check the more details of the coin you want to hold till 2026 otherwise you could be left worthless token in your wallet.
How about a pepe or similar? That fits right in with your advice. With liquidity and large exchanges and everything is fine. But I don't think it's the best investment. It's safer to buy a time-tested coin. If you take your advice, you could buy a bad coin and lose money.

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May 25, 2023, 05:33:55 PM
 #110

While it's true that everyone's advice to you is a good thing, it's really important that you first learn about this market yourself before making an investment decision. You yourself must understand the nature and operation of the market like this, and then the advice from others will be useful, which can help in investing. But given that you don't know anything and then throw money here, to be honest, I think you should buy a lottery ticket.
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May 25, 2023, 05:45:26 PM
 #111

Then when I was actively anticipating on altcoin I do go to CMC and choose coin that are newly listed over there that are as well listed in a good exchange like Binance, Coinbase, Kraken and Kucoin, I believe any coin listed in these exchange can last for at least 2 years or more before any issues. Although this is not a solid way to choose a token or coin because it may not favor you that much, I have been doing that then but decided no leave altcoin.
It's better you check the more details of the coin you want to hold till 2026 otherwise you could be left worthless token in your wallet.
How about a pepe or similar? That fits right in with your advice. With liquidity and large exchanges and everything is fine. But I don't think it's the best investment. It's safer to buy a time-tested coin. If you take your advice, you could buy a bad coin and lose money.

That was the reason I said it may not work for others, I myself could handle it since I may not hold for that long as op planned to hold for about 3 years which is from now till 2026. How sure is he if those coin would survive for that race since we are yet to experience bull run by next year, and you what always happens after bull we usually experience a very bad dip in a way it could be very hard for most of the coin to survive.


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May 30, 2023, 03:58:35 AM
 #112

I have some ATOM and MATIC which i see as safer alts, and a small bag of ROSE as a moonshot, but otherwise it’s mostly ETH and BTC.
I started the opposite way but quickly changed course because I felt happier with smaller returns on safer coins.
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May 30, 2023, 01:49:19 PM
 #113

I don't think that there is a right coin to invest
You should probably look for a project, technology to invest
Don't believe the hype, you tubers, influencers, cuz you never know their intentions
I can tell you to pay your attention to web3 and look for projects like Neon Link
Guys have a product, a roadmap, good growing community
It's a long term project, it's not a three minutes easy money hype, it's bigger than that
It is revolutionary, depends on what you're looking for
Choose wisely
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May 30, 2023, 01:56:01 PM
 #114

I have some ATOM and MATIC which i see as safer alts, and a small bag of ROSE as a moonshot, but otherwise it’s mostly ETH and BTC.
I started the opposite way but quickly changed course because I felt happier with smaller returns on safer coins.
I think you prefer to minimize the risk which is a good thing too,
Bitcoin and Ethereum are proven to be two coins that need not be doubted and for long term investment it is the right choice because it is safer,
even so it does not mean that when we take a bigger risk it is a mistake because everyone has their own considerations.

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May 30, 2023, 04:32:56 PM
 #115

I have some ATOM and MATIC which i see as safer alts, and a small bag of ROSE as a moonshot, but otherwise it’s mostly ETH and BTC.
I started the opposite way but quickly changed course because I felt happier with smaller returns on safer coins.
if I currently have invested $ 500 all in Vsys, because Vsys is one of the Hong Kong projects,
which is currently still very cheap and only has a market cap of less than $ 5 million,
so I choose Vsys for the long term before market turn bullish i dont sell this coin, im sure Vsys will be big in bullish 2024-2025,

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May 30, 2023, 04:43:29 PM
 #116

if I currently have invested $ 500 all in Vsys, because Vsys is one of the Hong Kong projects,
which is currently still very cheap and only has a market cap of less than $ 5 million,
so I choose Vsys for the long term before market turn bullish i dont sell this coin, im sure Vsys will be big in bullish 2024-2025,
I don't know about the Vsys project but I noticed on cmc it has no potential to grow to the highest price, low capitalization and low daily volume should be considered and analyzed back in your decision to buy the coin, I think we can take advantage of the top of the coin when the price low because other altcoins have no long-term potential.

Always be careful buying coins without research and analysis, not only because a low price will tempt you to invest, but think long term to choose a coin with low risk of loss and potential price will be bullish in the future.

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May 30, 2023, 05:12:48 PM
 #117


Is it good to invest in HOOk, SUI , ARB or ID altcoins? Since they are new just thought to give a try. Thank you

I think SUI is good, investors and developers are very focused on this project. This project is only 46 days after listing on CMC. Just enter SUI because the price is still very affordable $ 1.19
SUI is a new Binance listed token And its marketcap is still very low so it may do well going forward but not strongly. But op's investing his entire $600 focusing only on SUI is high risk and should be looking at other altcoins as well. I'm very scared to invest in altcoins so I don't recommend it to anyone.  And for this reason I do not want to talk about any altcoin here.  Because I lost a lot of money by investing in altcoin without understanding



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capedbaldy
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May 30, 2023, 09:26:23 PM
 #118

SUI is a new Binance listed token And its marketcap is still very low so it may do well going forward but not strongly. But op's investing his entire $600 focusing only on SUI is high risk and should be looking at other altcoins as well. I'm very scared to invest in altcoins so I don't recommend it to anyone.  And for this reason I do not want to talk about any altcoin here.  Because I lost a lot of money by investing in altcoin without understanding
You have experience investing in altcoins and you already realize that there is a high risk for every altcoin investment even though it is a new altcoin with support from a top exchange but that risk must be considered, many investors are wary of investing in altcoins due to the FTX and Luna cases which have left the top altcoins because they have harm investors' assets. Even the top altcoins before are not guaranteed to be used as long-term assets, so be careful choosing altcoins for investment.


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FrozenBit
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May 30, 2023, 10:10:59 PM
 #119

With $600 for a long-term plan to invest coins until 2026, I honestly find it wasteful and not very practical. After all, a long-term plan in which you own a large amount of assets is more profitable than one with just a hundred dollars. I don't think this amount is low, but this is really not suitable for long-term plans; it is better to use this money for short-term purposes instead. There are still many other coins that have a lot of potential that has yet to be discovered. So let's find some more coins.
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May 30, 2023, 10:51:46 PM
 #120

honestly such capital is considered relatively small, that's why honestly you should choose some coins that's also relatively small in price if you wanna get the most out of it.
investing in coins like ethereum isn't really maximizing your investment potential, I guess just invest in newer coins like arbitrum and maybe something like matic, even better newer upcoming coins like zksync.

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