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Author Topic: Any advice for invest my first 600$ in altcoins?  (Read 2055 times)
JeffBrad12
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June 17, 2023, 11:29:25 PM
 #141

SUI might be really bad investment honestly, the coin itself has went downhill ever since it get listed in the exchange because the demand already getting drained out
of the market when they decided that they gonna make some massive presale.
I think the better solution should be the other coin like arbitrum which ecosystem still grow even till this day, and the upcoming second layer solution that is those
coins like zksync in which hasn't even reached its potential, let alone that, it hasn't even getting listed, maybe you should also try investing at presale as well.

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June 18, 2023, 04:32:08 AM
Last edit: June 18, 2023, 05:33:06 AM by synchronym
 #142

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
Actually, i don’t like to invest in altcoins for long term because it’s altcoins is highly volatile, it’s quite difficult to predict because we don’t know what will happened in the next 3 years. I want to trust only BTC for the 5-6 years not altcoins. If you’re focused on altcoins, you can include some old coins as like Matic,Sol,Cardano.

The most reliable coins among altcoins are Ethereum and (BNB) these two coins are used by people with a lot of confidence. Ethereum and (BNB) these coins are very risk-free to invest. Don't like long-term altcoins other than ETH. I don't have much confidence in new altcoins. Because I think it has potential for harm. But we who are new should invest from altcoins to Bitcoin. For beginners it is better to use BTC in the first place because success can come through it.

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June 18, 2023, 07:24:55 AM
 #143

Wait, I'm quite confused with what you've said because you said that you're just new here, yet you also said that you have bought as nice amount of BTC as well since 2010.

If you're already investing that long in cryptocurrency, then by now you should be accustomed and familiar already with what are the top performing and working altcoins that could be nice to invest and forget until the year 2026, even the promising ones, you should know it already.
Probably the OP meant, that was new to the forum, but in the crypto for a long time. But by the way, when I saw that the OP has bitcoin since 2010, then it is really confusing, because for so many years one could understand that investing in bitcoin is the most reliable and in 13 years should make such a holder very wealthy.

$600 isn't that big of a deal to expect to make a big profit out of it, unless the OP is looking to invest in altcoins that will make x100.  Grin

In fact, at this moment, altcoins look very bad, some update their lows, is it worth the risk, I don’t know, maybe it’s worth it and you will get good profits, but it’s also possible that not all of them survive to see the new bull run.
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June 18, 2023, 12:06:51 PM
 #144

$ 600 for 1 altcoin is of course still very profitable than $ 600 just to buy Bitcoin,
therefore your choice to buy altcoins is the right one, I have a good recommendation that you can hold until the bull run returns or maybe hold until 2024 or 2025,
that is the Origin Protocol, yes one of the altcoin projects that is still off the radar and still very undervalued, buy and hold OGN I'm sure you will get a lot of profit.

In the last bullrun it was a very good project for profit. It was one of the first projects on Coinlist, if I am not mistaken. There is one uncertainty in all this, because the coin is already quite old, it is more than 5 years old, if you count since the ICO, it is not sure that it will update its ATH, or will grow at all. You can take a risk, but I wouldn't put all the money into this altcoin. I would recommend OP to add at least one coin that entered the market last year, or this year. The younger the coin, the more likely it is to make a good profit.

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June 18, 2023, 12:29:44 PM
 #145


With that much capital, of course you are better off investing in altcoins,
because altcoins can make you achieve high profits when the bullish season arrives,
we are still in the bear season and with only $ 500 or $ 1000 capital it is very suitable for investment now,
you don't have to worry about losing your capital , as long as you know about altcoin fundamental analysis,
and my recommendation for you is Chromia (CHR) because this altcoin has dropped from -92% ATH,
so it is very suitable for investment.

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June 18, 2023, 12:36:49 PM
 #146

Idk, i guess ETH is the only altcoin that 100% will be with us after another 5 years
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June 18, 2023, 12:42:55 PM
 #147


With that much capital, of course you are better off investing in altcoins,
because altcoins can make you achieve high profits when the bullish season arrives,
we are still in the bear season and with only $ 500 or $ 1000 capital it is very suitable for investment now,
you don't have to worry about losing your capital , as long as you know about altcoin fundamental analysis,
and my recommendation for you is Chromia (CHR) because this altcoin has dropped from -92% ATH,
so it is very suitable for investment.
I watched chromia in the last bull run and this project gave a very big profit for early investors. As a rule altcoins don't survive after one or more cycles, especially this project didn't become very well known, despite huge growth in 2021. It seems to me that this investment could be very risky.

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June 18, 2023, 01:04:38 PM
 #148

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
And you believe that the quantity of bitcoin you currently own is sufficient and you don't need to buy more. That's your business anyway but I want to remind you despite the fact that some investors hold up to 10BTC and above, they still choose to purchase more bitcoin over altcoin.

What am trying to let you know in essence is that, bitcoin is the preferred investment to make as part of a long-term investment strategy over altcoin, whose future position in the crypto market you don't know.

R


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June 23, 2023, 04:43:05 PM
 #149

I think that your way of investing in BNB and ETH is the right move. As we know, BNB and ETH are very good altcoins to invest in because these two altcoins have strong fundamentals that allow us to reap satisfying profits.

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June 24, 2023, 11:03:19 AM
 #150

I think that your way of investing in BNB and ETH is the right move. As we know, BNB and ETH are very good altcoins to invest in because these two altcoins have strong fundamentals that allow us to reap satisfying profits.

bnb and Eth are more reliable than altcoins. If you invest in them, there is never any risk of losing money. If you are in loss of invested money after investing, if you can wait patiently for some time, then you can make profit from here. But most of the time our  We lose money due to our own mistakes. So I think before investing,

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June 24, 2023, 11:54:32 AM
 #151


 my recommendation for you is Chromia (CHR) because this altcoin has dropped from -92% ATH,
so it is very suitable for investment.

I think whenever investing you should always remember to never use your entire capital in one coin. Crypto currency market is very risky market where even good coins have crashed. Therefore, always divide your capital into different coins. Thus, even if one project fails, your entire capital will not be lost. Another important thing is that you should never invest your entire capital at one time. One should try to ensure their entry whenever the coin price falls.

Many coins in the market have fallen well below their all-time highs at the moment. It will be a very profitable investment in bull season if different top and good coins of market are selected.

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June 24, 2023, 12:23:26 PM
 #152


 my recommendation for you is Chromia (CHR) because this altcoin has dropped from -92% ATH,
so it is very suitable for investment.

I think whenever investing you should always remember to never use your entire capital in one coin. Crypto currency market is very risky market where even good coins have crashed. Therefore, always divide your capital into different coins. Thus, even if one project fails, your entire capital will not be lost. Another important thing is that you should never invest your entire capital at one time. One should try to ensure their entry whenever the coin price falls.

In short, don't put all the eggs in one basket.
Having suggested spreading it in 2-3 different coins to have at least some assurance that whatever happens to the other project we still have money left and have the chance to recover our losses. But the best thing to do is to invest ONLY potential altcoins, not shitcoins, and those projects that are hyped as they do not pertain to long-term investment, they'll just stay short and have no assurance of ROI.

R


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BatonNakroshil
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June 24, 2023, 01:10:02 PM
 #153

If you're looking for new NEON might be a great pick (NeonLink) keep your eye on web3 projects
Nowadays it's important to understand that you gotta follow the trends or look for the projects that will create a trend for others to follow
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July 01, 2023, 03:55:38 AM
 #154

In order to invest wisely, it is important to make a careful research and rely on the decisions you have made. So far, in my opinion, your choice of SUI, ARB is okay. In addition, I will choose MATIC, SOL, APT, OP and ADA, just my opinion. It is also important to determine the best time to buy and also the best time to sell to maximize profit. Altcoin investment is a high risk one, so it is advisable to invest only what you can afford to loose and remember not to put all your eggs in one basket. 

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July 01, 2023, 07:50:54 AM
 #155

I think you can considering to buy Cardano. For me Cardano has the most promising design and Cardano probably has THE most user friendly staking protocol. I love how low barrier to entry and easy to use it is, plus it's a lot more secure than etherum.

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July 01, 2023, 11:05:43 AM
 #156

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

Oh man..if you ask in here people will just shill you their own bag..

Just go for ETH/BNB/SOL for the major and do your own research, in the past weeks some sectors gains more than others one. So focus on the major and looks for the clue like coingecko and stuff for any other clue.
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July 03, 2023, 05:59:07 AM
 #157

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

Wow, it's impressive to know a number of coins that you have ranging from bitcoin, BNB, to Ethereum.
From some of the options you gave, maybe I will invest some money into ARB. And maybe the rest I will put in eth. Because, storing eth for a long time is more soothing when compared to holding other Altcoins. In addition, the price of eth will also soar following bitcoin.


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July 03, 2023, 06:05:24 AM
 #158

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

Oh man..if you ask in here people will just shill you their own bag..

Just go for ETH/BNB/SOL for the major and do your own research, in the past weeks some sectors gains more than others one. So focus on the major and looks for the clue like coingecko and stuff for any other clue.

Well that's what will happen, someone will only give what they fill in their bag and not what is really good to invest. ETH, BNB, SOL and others are the top coins and these are the coins that almost all the members here recommend. Moreover, ETH is the main altcoin that I choose for the long term. The $600 that OP has is quite large, it will give him an advantage if he holds a potentially good coin in the future. so focusing on research and looking at the various leads on websites like Coingecko and Coinmarketcap is the first thing to do.

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July 03, 2023, 09:25:04 AM
 #159

The best advice for you is better just stick with the hype. AI coins is so hype right now, try to find more information about FET and AGIX you will be amazed with the project and i think both of this coin is gonna be lit in the next bull run.

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July 03, 2023, 06:34:27 PM
 #160

The best advice for you is better just stick with the hype. AI coins is so hype right now, try to find more information about FET and AGIX you will be amazed with the project and i think both of this coin is gonna be lit in the next bull run.

I think that's fine too. it's better to stay on BTC and ETH only. that has been tested and proven effective. Then, if the AI hype disappears, is there any guarantee that they will last as long as BTC and ETH? yes. This is not a suggestion, but, choose what is certain and has been implemented by many people even though on the other hand investing in hype coins also has the potential to take profit.

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