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Author Topic: Mainstream coins or altcoins?  (Read 423 times)
xxDmitriy (OP)
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September 14, 2023, 06:48:27 AM
 #1

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.
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September 14, 2023, 09:51:37 AM
 #2

Mainstream coins? Do you mean HYPE coin?

If yes, then the answer depends on the trading you are gonna do. You want to do high-risk and potential high chance losing money choose (Mainstream-coin), for long-term and safe risk lose you can always choose top-altcoins.

Mainstream coins just like gambling, always be ready throwing your money to trashcan.

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September 14, 2023, 10:44:25 AM
 #3

It's better if your question is more specific, especially concerning mainstream, because Bitcoin and even ETH (an altcoin) have now become mainstream and are popular. If you buy coins or tokens simply based on popularity or trading volume, it's like gambling, and you should be prepared to lose your money.
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September 14, 2023, 11:23:44 AM
 #4

You haven't specified your perception of mainstream cryptocurrencies. From what I gather, mainstream cryptocurrencies typically include only Bitcoin and Ethereum. However, we are all aware that not everyone can afford to buy these expensive coins. Therefore, many of us opt for other alternative coins that are more affordable and offer good value. We often consider factors such as the trading volume of the coin we want to purchase, whether it is listed on top-tier exchanges, and also take into account the strength of the coin's community. Mainstream coins are good to hold for the long term.

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September 14, 2023, 11:57:33 AM
 #5

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.

There are only two classifications: either Bitcoin or altcoins, as any coin created after Bitcoin is considered an alternative coin. So, I think your question goes like that. Well, I would choose both. Don't limit your investment to just one, as this market is not for Bitcoin only. The reason why this market has grown is because of plenty of altcoins that were created. While most of them turn out to be abandoned projects or scams, there are altcoins that still exist and are already successful. So, it's just a matter of studying a certain project to see its potential in the future. Also, if you want to minimize the risk in investing, you need to diversify your funds, which means you should invest in altcoins alongside Bitcoin.

R


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September 14, 2023, 12:47:35 PM
 #6

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.

There are only two classifications: either Bitcoin or altcoins, as any coin created after Bitcoin is considered an alternative coin. So, I think your question goes like that. Well, I would choose both. Don't limit your investment to just one, as this market is not for Bitcoin only. The reason why this market has grown is because of plenty of altcoins that were created. While most of them turn out to be abandoned projects or scams, there are altcoins that still exist and are already successful. So, it's just a matter of studying a certain project to see its potential in the future. Also, if you want to minimize the risk in investing, you need to diversify your funds, which means you should invest in altcoins alongside Bitcoin.
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!
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September 14, 2023, 01:12:59 PM
 #7

Perhaps I've always been a lone ranger, which sometimes makes me feel lonely.
Much better to remain a lone ranger and alone on this market and just browse whatever is happening in the market. I know that it's good to have some peers but when money talks, you'll never know who the actual is you're talking to.

I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.
Be careful with who you connect to.

There are folks there that have ill intention to someone like you who's looking for some help. They will inject you with the altcoins that they are supporting but even with that, always DYOR.

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September 14, 2023, 03:47:06 PM
 #8

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.

Mainstream coins or altcoins?, your question is too ambiguous, friend, you must first understand what the words "mainstream" and "altcoins" mean. Let me tell you, the word "mainstream coins" in crypto means referring to coins/tokens that are often used or known by people in crypto itself, in this case we can define mainstream coins as Bitcoin (BTC), Ethereum (ETH) Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE) or Tron (TRX).

Meanwhile, the meaning of the word "Altcoins" on the crypto side is any crypto asset other than Bitcoin (BTC) itself, do you understand at this point? Not only me, I'm sure all the responses that will come in will also talk about the confusion of your question.

R


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September 14, 2023, 04:06:02 PM
 #9

I am very confused by your question with mainstream coins? I checked on Coinmarket there are none, so what is the difference between mainstream coins and altcoins?

If called mainstream means altcoins that are on the rise?

Well connected with investors from all over the world, is that what is meant by interacting or wanting to show that we are investors? I don't think that's possible.

A little confusion, if between mainstream and altcoin why not choose bitcoin?

R


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September 14, 2023, 04:44:10 PM
 #10

What the hell is this lol. What is the topic name, and what is that OP wrote? This makes no sense at all, I have never seen anything like this ever in my life at this forum. I have seen people end up shilling for stuff, even here I see people shilling for stuff, which is sad to be fair because the topic is irrelevant and why would you want to shill for something that has nothing to do with this topic.

But at the end of the day, we end up seeing these people and these things in the end. I believe that OP wanted to talk with people because he felt lonely, and that is why he created this topic, you can chat with people at telegram better, this isn't really the place to be able to chat that fast to be fair.

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September 14, 2023, 06:56:52 PM
 #11

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.

Well if you have followed certain coins then maybe they have their official telegram groups or maybe you have to found it yourself to connect to this investors. But this is the beauty though of crypto as you can go lone wolf and be fine with it?

So I don't understand why you feel lonely? perhaps it could be that you lost some money already?

Regardless though, just do your own research and maybe it's best if you stick with altcoins that is in the top 10.

R


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September 14, 2023, 07:01:10 PM
 #12

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.
Maybe you are referring to Bitcoin as mainstream coins? If that is the case then it's good, I mean since this community is obviously focusing on it as the name implies and with a lot of us here into BTC, then I suggest you try it yourself instead of meme or hype coins.

As for altcoins, I do agree, just look at the top 5 or 10 coins in the marketcap right now. Like ETH, BNB, ADA, and invest on them in the long run though, it might be best thing that you will do in crypto, just saying.

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September 14, 2023, 09:10:00 PM
 #13

You haven't specified your perception of mainstream cryptocurrencies. From what I gather, mainstream cryptocurrencies typically include only Bitcoin and Ethereum. However, we are all aware that not everyone can afford to buy these expensive coins. Therefore, many of us opt for other alternative coins that are more affordable and offer good value. We often consider factors such as the trading volume of the coin we want to purchase, whether it is listed on top-tier exchanges, and also take into account the strength of the coin's community. Mainstream coins are good to hold for the long term.

Most likely this is what mainstream coins for him, BTC, ETH, the top 2 coins in the market.
As far as buying though, you don't need to acquire like 1 BTC or 1 ETH right away. Did you know that you can used DCA (Dollar Cost Averaging) strategy?
I'm not really sure what you mean by altcoins that is affordable, still though there is a big risk on that projects and so we don't know if it will return big or not in the future.
Of course the best thing is to buy them in top tier exchanges, but don't leave it there, put it it in a wallet that you have total control, meaning you have the private keys and mnemonic phrase.

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September 14, 2023, 09:23:20 PM
 #14

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.

There are only two classifications: either Bitcoin or altcoins, as any coin created after Bitcoin is considered an alternative coin. So, I think your question goes like that. Well, I would choose both. Don't limit your investment to just one, as this market is not for Bitcoin only. The reason why this market has grown is because of plenty of altcoins that were created. While most of them turn out to be abandoned projects or scams, there are altcoins that still exist and are already successful. So, it's just a matter of studying a certain project to see its potential in the future. Also, if you want to minimize the risk in investing, you need to diversify your funds, which means you should invest in altcoins alongside Bitcoin.

Or if you still don't get it, Don't invest or don't put money on something you don't know. Not because you've gone through the website, read their Ann thread, heard about the proect online from a random video on YouTube does mean you've already done your research. Truly do your research by asking yourself is it worth taking the risk and putting off my money out there? All or almost all altcoins does 10x or more easiliy because it has small caps thus very volatile to have price fluctuation.

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September 14, 2023, 09:42:34 PM
 #15


 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!
1. Trust no one.  Influencers doubly so. Even your best friend has an agenda in this space and that's pretty transparent agenda. They all want to make money so they will shill the bags they themselves are holding.

2. Random people who pm you in telegram are 100% going to scam you. If you want make contacts from there, chat in the main channel.

3. Hype and pump and dump groups are not worth your time.

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September 14, 2023, 10:29:09 PM
 #16

I always choose cryptocurrencies with more fundamentals in it.  I do not care if it's a mainstream coin or an altcoin as long as the fundamental of the project is strong.  This means that the cryptocurrency will continue to exist, and will have a promising growth over time. After all, the life of a project is dependent on how strong its fundamentals.

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.

There are only two classifications: either Bitcoin or altcoins, as any coin created after Bitcoin is considered an alternative coin. So, I think your question goes like that. Well, I would choose both. Don't limit your investment to just one, as this market is not for Bitcoin only. The reason why this market has grown is because of plenty of altcoins that were created. While most of them turn out to be abandoned projects or scams, there are altcoins that still exist and are already successful. So, it's just a matter of studying a certain project to see its potential in the future. Also, if you want to minimize the risk in investing, you need to diversify your funds, which means you should invest in altcoins alongside Bitcoin.

Or if you still don't get it, Don't invest or don't put money on something you don't know. Not because you've gone through the website, read their Ann thread, heard about the proect online from a random video on YouTube does mean you've already done your research. Truly do your research by asking yourself is it worth taking the risk and putting off my money out there? All or almost all altcoins does 10x or more easiliy because it has small caps thus very volatile to have price fluctuation.

I agree, that when it comes to investment, we must do deep research on the project we are interested in investing in.  Blindly picking a project to invest in will more likely end up in losses.

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September 15, 2023, 12:54:17 AM
 #17

I think you meant bitcoin and altcoin perhaps? because the other coins that isn't bitcoin is quite literally altcoins.
but in this regard i'd prefer to just distribute my investment across various coins just in case.
many actually thinks that bitcoin is best when it comes to long term investment and thats true because bitcoin has shown the growth over the course of decade until reaching its latest all time high.
while the short term investment is good with altcoins, so you should choose yourself what you really need in this case.

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September 15, 2023, 01:04:39 AM
 #18

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!

I see that your interest is very high in finding investors, whether you want to create a project or just want to be connected. and from your point of view, you prefer Altcoins (dominant) to BTC which is very familiar to investors big and small. For your method, you have set a good diversification strategy for your investment portfolio, I think it is good.

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September 15, 2023, 01:15:56 AM
 #19

I like altcoins for returns but I like 'mainstream' as BTC/ETH to secure my returns, depends on market condition, can choose stables too. Investing in alts is high risk, high reward kinda thing.

Usually people here advise to stay away from investing in alts, but if you have risk preference, a good call in alt can give you significant returns which is not possible with prominent coins, also it can recover the cost of other wrong calls you may have made.

DYOR to increase your chances and don't go all in.

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September 15, 2023, 01:37:53 AM
 #20

Mainstream means the top coins, right? If that is so, the first choice that you should have is Bitcoin. I've learned my lesson the pretty hard way and that's what you need to set on your mind before you proceed with any other altcoins. And if it's just the typical altcoins that you're thinking of, you go ahead and check them first. Always apply the DYOR, if you need a buddy or two, be active in the forum and discuss just like what you've started from this thread. Don't also be too gullible when someone tells you that you'll earn tremendous times from investing into a certain altcoin.

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