Mainstream coins or altcoins?

[bluebit25]

Thank you for your input, and I greatly appreciate your perspective. In the cryptocurrency market, there are indeed two primary classifications: Bitcoin and altcoins. Given Bitcoin's pioneering status, it has always been in the spotlight. However, the emergence of altcoins has added more dynamism to this market.For me, I tend to lean towards investing in some altcoins rather than just Bitcoin. While many altcoin projects end up being abandoned or scams, there are also several altcoin projects that have shown remarkable promise and achieved success. I believe the key lies in carefully researching and analyzing specific projects to understand their future potential and feasibility.Additionally, the risk management aspect you mentioned is crucial. To mitigate investment risks, I also employ a diversified strategy, which means I invest in some altcoins alongside Bitcoin to balance my investment portfolio.Most importantly, I genuinely wish to connect with cryptocurrency investors from around the world and share our insights and experiences. If you have any suggestions or methods that could help me engage and communicate better with this community, I would greatly appreciate it.
 If you are willing to share some insights on how to connect with other cryptocurrency investors, it would be highly valuable. I look forward to building relationships with like-minded individuals and pursuing success together in the world of digital currencies!

But questions from newbies about this market seem to abound, like what's the best? what's the worst? Which one should buy?....

I think the main problem lies in the most basic concepts, and you can completely research the history of market development yourself through modern projects present in the top10.

And I also want to generalize a bit about the components inside this market, mostly Bitcoin and Altcoin (also stablecoin).

Still want to remind about the starting journey even if you don't understand what it is but If you have heard about it, I still recommend focusing your research on bitcoin and then moving on to other opportunities from altcoins, this market has strong fluctuations, it is both an opportunity and a risk, be ready to accompany that change.

[lombok]

Mainstream altcoins such as eth, bnb, ltc, sol or the top 50 coinmarketcap are good for investment. Why, because besides the top mainstream altcoin, it also has a solid community, experience, roadmap and what's more, the altcoin project has been running for approximately 3 years or more, which means it has a small level of risk because it has been able to face critical bearish periods before.

Always DYOR before you get in.

[Blitzboy]

Thank you for your input, and I greatly appreciate your perspective. In the cryptocurrency market, there are indeed two primary classifications: Bitcoin and altcoins. Given Bitcoin's pioneering status, it has always been in the spotlight. However, the emergence of altcoins has added more dynamism to this market.For me, I tend to lean towards investing in some altcoins rather than just Bitcoin. While many altcoin projects end up being abandoned or scams, there are also several altcoin projects that have shown remarkable promise and achieved success. I believe the key lies in carefully researching and analyzing specific projects to understand their future potential and feasibility.Additionally, the risk management aspect you mentioned is crucial. To mitigate investment risks, I also employ a diversified strategy, which means I invest in some altcoins alongside Bitcoin to balance my investment portfolio.Most importantly, I genuinely wish to connect with cryptocurrency investors from around the world and share our insights and experiences. If you have any suggestions or methods that could help me engage and communicate better with this community, I would greatly appreciate it.
 If you are willing to share some insights on how to connect with other cryptocurrency investors, it would be highly valuable. I look forward to building relationships with like-minded individuals and pursuing success together in the world of digital currencies!

But questions from newbies about this market seem to abound, like what's the best? what's the worst? Which one should buy?....

I think the main problem lies in the most basic concepts, and you can completely research the history of market development yourself through modern projects present in the top10.

And I also want to generalize a bit about the components inside this market, mostly Bitcoin and Altcoin (also stablecoin).

Still want to remind about the starting journey even if you don't understand what it is but If you have heard about it, I still recommend focusing your research on bitcoin and then moving on to other opportunities from altcoins, this market has strong fluctuations, it is both an opportunity and a risk, be ready to accompany that change.

It feels like entering a candy shop for the first time. You carefully consider which delectable treat to buy with your hard-earned money. Knowing nothing about crypto might be scary, especially when others ask "Whats the best?" or "Which one should I buy?" Start with Bitcoin. Why? It is the first and oldest. Before exploring Altcoins, learn about Bitcoin. Discover its purpose, benefits, and intriguing history. Altcoins have potential but also risk. You were right - the crypto market is a balance of risk and chance. Be flexible and ready to turn as the everything changes swiftly.

[Coyster]

I don't know what you're referring to as mainstream coins, but if you meant Bitcoin or altcoins, then it is definitely Bitcoin for me, it has an actual utility and it isn't going extinct like majority of new altcoins. Having said that, investors who like to gamble with their funds would prolly choose altcoins, though more often than not they have no utility and survive just on hype, but they usually have the potential to pump pretty high and fall back fast as well, that's why i likened it with gambling. Looking for good altcoins is almost impossible, so buy Bitcoin, you're certain it is a good coin and its use cases are pretty obvious.

[Wiwo]

Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.

With this,  I don't think you have make any statement yet and since you haven't started what you mean by mean stream coins because a lot of us are already have a misconception of the fact of what you want.

To me when you say mainstream,  what you mean is coins that are in the Bitcoin category and if that is what you meant then you may have to state it again so that we can make appropriate comments on the topic.

[o48o]

Altcoins is a wide spectrum of things from garbage to somewhat interesting tech. So no one can really say that you should invest to altcoins without naming what altcoins you should invest into. As even the top marketcap coins in there vary a lot in quality. Some of them will totally die off and there will come new one replacing most of them.

[Cadaver20]

Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.

Your statement is not clear to me. Do you mean BTC, ETH, BNB by Mainstream coins? If that is the case then I will definitely support Mainstream coins. Because other altcoins have less reliability like LUNA.

[Sophokles]

You are comparing Nike shoes with some non-branded shoes. They may be similar in nature and type of goods, but they are not the same. When one provides secure and big support from the community, another lacks both. There are altcoins that have real value in the market, and their contribution is noticeable. This number is very small; most of them are just money-grabbing honeypots.

[AmoreJaz]

You are comparing Nike shoes with some non-branded shoes. They may be similar in nature and type of goods, but they are not the same. When one provides secure and big support from the community, another lacks both. There are altcoins that have real value in the market, and their contribution is noticeable. This number is very small; most of them are just money-grabbing honeypots.

you can only count valuable alts in the market, and usually, you can find it in the top 20 alts. do some research about their background and you will understand why such performance in the market. also, you will have an idea if they will survive long or if the dev team behind it is doing something to improve their services to their community.
for now, it is better to consider the top alts or at least with btc in your portfolio. with the top currency, you have the confidence that it won't disappear overnight. but the chance of increasing its value is high because of halving, adoption and others.

[Wexnident]

Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.

Up to you? I mean you're an investor, you don't need other investors' opinions as to what you want to buy. If you wanted to join the mainstream, then there's the word already, I think you can find mainstream coins yourself (they're pretty obvious as well in one lookup really). I usually just go for mainstream coins though, I rarely try the risks of new coins due to a lot of them being a scam or just a throw away project after a few weeks-months of release.

[danherbias07]

I don't know what you mean by mainstream coins because that kind of word had not been used here before until now. I wish you could explain what is the meaning of that in your second post but I didn't see anything too.
If you mean the coins that are on trend then please avoid them if you are thinking about long-term investment. Short-term they could be profitable but you have to be a good trader if you want to take advantage of them and you know the timing of when to sell because most of them are dying coins.
Go altcoins if you want an asset and I prefer the projects that are on top namely Ethereum, BNB, and more. These type of coins can keep their value for the long run and maybe even better when they are pumped.

[aseprebel]

Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.

whether you should invest in mainstream coins or altcoins depends on your investment strategy. Mainstream coins like Bitcoin and Ethereum are often considered safer, more stable investments, while altcoins offer the potential for higher returns but come with greater risk.

[doomloop]

Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.

I assume by mainstream coin you mean Bitcoin, however, you should have specified your question in the starting post as well because titles can be confusing sometimes. Anyway, I don't really need to make a choice between the two since I can always have both. Bitcoin will be the first choice, without a doubt, but altcoins will also get their place in my bag because I believe in diversification and there are also some altcoins that I like and that are trusted.

Ethereum is my second choice after Bitcoin when it comes to long-term investments because I believe it is the most trustable altcoin in the market, it has been around longer than every other altcoin and it has never faced any problems such as extreme crashes or anything, so that makes it a good coin.

[coinerer]

Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.

What do you mean by Mainstream coins? it is a coin? I Don't find any coin with this name. Altcoins always huge profitable in short time but also huge risky. Altcoin prices go up and down quickly and if you hold an altcoin long term, the losses outweigh the gains. So short term hold or day trading has to be done here.  It is possible to make good profit from altcoins through day trading but it requires previous trading experience and proper understanding of market analysis.

[0t3p0t]

If you mean established coins or Altcoins, I think it still depends on the type of investments you have either trading or buy and hold. For me if you have huge money to invest go for Bitcoin, Ethereum or BNB. Though not a financial advice but I can see these coins going so far in the future as what they were today. Just always remember that cryptocurrency investment is too risky. Things will go against you in just a second so beware make sure you have the financial education or DYOR before jumping into something you are not familiar with.

[Fredomago]

If you mean established coins or Altcoins, I think it still depends on the type of investments you have either trading or buy and hold. For me if you have huge money to invest go for Bitcoin, Ethereum or BNB. Though not a financial advice but I can see these coins going so far in the future as what they were today. Just always remember that cryptocurrency investment is too risky. Things will go against you in just a second so beware make sure you have the financial education or DYOR before jumping into something you are not familiar with.

There's always a risk behind whatever project you take, but what is important is you know the kind of investment to place your money, if you have a good amount of investment and you are not a fan of always checking the market, taking BNB,ETH and BTC especially might be the best option in terms of support and potential to grow, though market is unpredictable but as long as you are holding and waiting for your target you may earn the profits that you wanted to have.

[darewaller]

Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.

Just buy coins that many people have bought it. Don't isolate yourself by buying altcoins that don't have prospects. Just buy coins that are certain to profit even a few, rather than expecting big profits but full of uncertainty or tend to lose. I've been in your position where bought altcoins that don't have fundamentals but expected the price to increase many times over, where in reality, the prices fell like a waterfall on next month.

A lot of people bought SHIB and DOGE. Does that mean he will as well follow it? I think that was a wrong strategy. Just because many people have bought it does not mean it is already a good coin. What we need to be successful here is not instincts or luck but it is knowledge.

The OP didn't say that he was once an enthusiast of pump and dump coins but I think he is not only updated with cryptos, and that is why he is asking for a good recommendation here. When he say mainstream coins, I believe he is referring to the fiat or on what we can see in the forex market. They are still useful and you can still make a profit out of them but altcoins has it's own advantages as well. Balancing is only the key here.

[kentrolla]

Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.

Just buy coins that many people have bought it. Don't isolate yourself by buying altcoins that don't have prospects. Just buy coins that are certain to profit even a few, rather than expecting big profits but full of uncertainty or tend to lose. I've been in your position where bought altcoins that don't have fundamentals but expected the price to increase many times over, where in reality, the prices fell like a waterfall on next month.

This would end up in disaster if we blindly follow what other are doing and if that was the case then users will not lose any money in crypto as people usually tend to follow the trend and still end up losing money. FTX, LUNA, SHIBA INU & Doge are some of the coins which users adapted but still ended up on the wrong side of crypto market hence it's better to go for coins which has better stuff to offer in terms of technologies as such coins tends to be profitable on longer run. But if we are looking for a safe investment then BTC & ETH will be the best option. 

[romero121]

Investing on mainstream coins gives the assurance of profit and have the track record for the same. With new altcoins into the market it is like a gamble or a way to just try our luck. There are good number of altcoins and new projects that have provided the investors with the best profit than what one can earn out of mainstream coin investment. With new projects the spending should be what one can afford to loss.

When the focus is on memecoins, we should be prepared enough with alternate plans. Only then it is possible to profit good/avoid loses.

[Sophokles]

You are comparing Nike shoes with some non-branded shoes. They may be similar in nature and type of goods, but they are not the same. When one provides secure and big support from the community, another lacks both. There are altcoins that have real value in the market, and their contribution is noticeable. This number is very small; most of them are just money-grabbing honeypots.

you can only count valuable alts in the market, and usually, you can find it in the top 20 alts. do some research about their background and you will understand why such performance in the market. also, you will have an idea if they will survive long or if the dev team behind it is doing something to improve their services to their community.
for now, it is better to consider the top alts or at least with btc in your portfolio. with the top currency, you have the confidence that it won't disappear overnight. but the chance of increasing its value is high because of halving, adoption and others.

You should check the historical coinmarketcap rank. There have been lots of changes in that rank over the past few years. Luna had better technology, big funding, and a better community, but it still failed when projects like BTC, ETH, LTC, and XRP is still rocking the market. Luna provided a big return to his early investor, and their investor took a big loss after it collapsed.

So it is secure to be with mainsteam coins if you don't want to take any unnecessary risks. But if you want to make insane gains from your investment, you need to find the right altcoin, which is not easy to do.