Mainstream coins or altcoins?

[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.

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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 or altcoins? There is nothing like mainstream coins in crypto except if you have another personal name is slang that you call it but I don't think there is anything like that or maybe it's a new thing. We have two type of coin by existence, they are bitcoin and altcoins. Bitcoin was the first crypto currency coins that was created and then, any coins that were later created to date step regarded as altcoins and in altcoins, there are coins and tokens. Tokens are crypto built on another chain while coin are those crypto that has their own blockchain like the way bitcoin has its own blockchain.

Furthermore, my little warning about you connecting with people here is that, if you are not careful on the kind of friend to make, you will only be making friends with scammers that will take everything you have. If you have a specific language that is been spoken on the forum, it's better to connect from that boards than a random person you know nothing.

[albon]

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 is no doubt that Bitcoin is the most mainstream currency in this field and has a vast dominance on the market with a high percentage, but do not forget that there are also promising and mainstream altcoins that have a high market value in exchanges and have adoption on a broad level.

First and foremost, the investment decision is up to you. We only exchange opinions, views, and ideas, not investment advice.

From my point of view, Bitcoin should be an essential investment for any investor, along with a number of top altcoins in the market. Your choice of these altcoins depends not on the ideas and recommendations of the investors you want to connect with but on your comprehensive research of the altcoin project, technical and fundamental analysis, and experience in this field. Diversifying your investments is a good thing instead of putting your entire capital in one mainstream currency, whatever it may be.

[lalabotax]

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 does this mean? Are you just venting to interact with fellow investors or do you really want to ask about the mainstream? Mainstream means something that is mainstream. What this means is that perhaps you are asking about what coins investors usually hold, is that right?

If yes, then this will depend on the investor. However, I am sure, if they are long term holders, they will choose a coin that has had a very good response in the market, has had significant technological developments and projects, and is still running and developing the potential of the coin. The altcoins that they usually take are those that already have a fairly high market cap and are top coins. Maybe these include ETH, BNB, Matic, SOL, XRP, and others. These are altcoins, because Bitcoin is the main crypto investment.

However, there are also those who like to invest in high risk coins, namely new projects that are likely to be hyped so that they can get high returns quickly. but this is very dangerous for newbies who don't really understand the steps.

[Yamifoud]

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, whatever you mean, the only thing I could say to you is that be careful in choosing coins to invest. The market is flooded already with altcoins and more of them are worthless and scams. But if I were you, I'd rather take Bitcoin and the leading altcoins for some profit assurance. Because if you are looking for a profit, you will also know how to choose coins and are able to determine them from numbers of hyped and shitcoins. Otherwise, you'll end up alone again and in regret.

Take time to discover more in the crypto space and you can find the answer.

[isaac_clarke22]

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 think most of us are pretty much lone rangers in here, OP like wandering stalkers or investors. I would appreciate connection with you, OP but you gotta give us first on what coin does interest you the most and there might be people around here that had the same interest in coins as you.

Me as one, am only interested in Bitcoin though since that's where my comfort lies now. I encountered way too many losses in altcoins back in 2017 that's why I do not do altcoin tradings and hodlings anymore. The least and best altcoin I could invest anytime would be ETH for obvious reasons.

[Yatsan]

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, whatever you mean, the only thing I could say to you is that be careful in choosing coins to invest. The market is flooded already with altcoins and more of them are worthless and scams. But if I were you, I'd rather take Bitcoin and the leading altcoins for some profit assurance. Because if you are looking for a profit, you will also know how to choose coins and are able to determine them from numbers of hyped and shitcoins. Otherwise, you'll end up alone again and in regret.

Take time to discover more in the crypto space and you can find the answer.

ofcourse major tokens in this industry would promote less risk of losing money and higher tendency of earning profit. These cryptos are having large scale of community which creates demand and trigger price increase in a long run. However, if it is with bigger profit then there are altcoins having high rate of market price increase due to market manipulation and/or bullrun occurs. But altcoins are naturally volatile especially new ones which are having high levels of market price volatility. Therefore, as an investor you should have a preference whether it is high risk and high demand or lower levels of risk but ain’t much of drastic price increase. Shitcoins are a good example; There’ll be times the market prices of meme token are suddenly increasing once it touch the buyer zone or ‘bottom’. Since I am not that good with DCA and market price analysis, I prefer to play my assets safe from sudden price dump and pump.

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 think most of us are pretty much lone rangers in here, OP like wandering stalkers or investors. I would appreciate connection with you, OP but you gotta give us first on what coin does interest you the most and there might be people around here that had the same interest in coins as you.

Me as one, am only interested in Bitcoin though since that's where my comfort lies now. I encountered way too many losses in altcoins back in 2017 that's why I do not do altcoin tradings and hodlings anymore. The least and best altcoin I could invest anytime would be ETH for obvious reasons.

Most of us are indeed lonewolf in this industry; trusting our own hunches and price movement biases. There are people who shares their own “work” but due to differences with capital and risk tolerance, it won’t work that easily. Altcoin trading is still alive but the market in general became more unpredictable, so better choose ones who have better recoveries.

[|MINER|]

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.

Here is my answer to the question in your topic title, what kind of trader you are and how much technical and fundamental knowledge you have. I will advise long-term traders in the case of bitcoins and alternative coins or new coins that are meant to invest in those coins, I think you need to have a lot of fundamental and technical knowledge, otherwise there is a possibility of facing losses in this case.
But my suggestion will be that if you have lazy money then invest in Bitcoin for long term because Bitcoin can give you maximum security and with good future profit.

[Silberman]

I think most of us are pretty much lone rangers in here, OP like wandering stalkers or investors. I would appreciate connection with you, OP but you gotta give us first on what coin does interest you the most and there might be people around here that had the same interest in coins as you.

Me as one, am only interested in Bitcoin though since that's where my comfort lies now. I encountered way too many losses in altcoins back in 2017 that's why I do not do altcoin tradings and hodlings anymore. The least and best altcoin I could invest anytime would be ETH for obvious reasons.

And that is how it should be, the job of a trader is to literally watch the markets on their own, compete against millions of other people like him and then beat them by obtaining more money than when they began their session, and in order to do that you need to have a very specific kind of personality, and when we also consider that if you happen to have a successful strategy you cannot brag about it or you will have people bothering you all the time to reveal it, then it is natural most traders deep inside prefer to be left to their own devices and not be bothered with other traders.

[justdimin]

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 would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone.

Buying the biggest name coins opens the door for a lot, and it is great way to make a profit as well, bitcoin for example is still ranked first even after so many other stuff that has better blockchains came up, why? Because it is by far the best decentralized coin out there no matter what others do.

[Taskford]

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 would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone.

For newbies its really better.if they could just buy bitcoin and other top so they can practice there trading skills on this coins and they will not get worried about if they might be scam since this coins are giants in the market. But I may not recommend him to go to telegram since there are so many scammers there. Much better if he stays on trading discussion and altcoin boards since he can learn a lot there.

[isaac_clarke22]

Most of us are indeed lonewolf in this industry; trusting our own hunches and price movement biases. There are people who shares their own “work” but due to differences with capital and risk tolerance, it won’t work that easily. Altcoin trading is still alive but the market in general became more unpredictable, so better choose ones who have better recoveries.

Sometimes there are group of people that pumps the price like a closed groups in Telegram, I haven't joined one but surely there are like social circles that do those kinds of things. It is going to be a pain in the ass though since usually they would share each other's profit in the end like "contribution earnings" so that no one's blamed in the end if their favored coins gone.

I had stopped altcoin trading long time ago just like I mentioned in your quoted part, but I am pretty sure that there are more skilled if not lucky traders that can take advantage of the altcoin's volatile nature.

For newbies its really better.if they could just buy bitcoin and other top so they can practice there trading skills on this coins and they will not get worried about if they might be scam since this coins are giants in the market. But I may not recommend him to go to telegram since there are so many scammers there. Much better if he stays on trading discussion and altcoin boards since he can learn a lot there.

It's usually the default coin anyway since it's like the safe way to go while they learn. Virtual trading could be the play as well, but the newbie should still learn the emotional discipline that many traders are missing these days.

[Fredomago]

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 would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone.

For newbies its really better.if they could just buy bitcoin and other top so they can practice there trading skills on this coins and they will not get worried about if they might be scam since this coins are giants in the market. But I may not recommend him to go to telegram since there are so many scammers there. Much better if he stays on trading discussion and altcoin boards since he can learn a lot there.

Better to stay with top assets and continue to study the market, it's not easy since even those coins can be shaken but along the way it will bounce compared with a pump and dump project which most of the time will dump and die after some time. You need to be precise in working on studying the project that you are buying. There are many available coins but only a few will survive, especially when bear season is ongoing. Take time and not to rush yourself in placing your investment.

there's always a good timing, just slow yourself and continue analysing the market and once you are already convinced that you are good to go, then invest the amount that you are willing to risk.

[ultrloa]

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 would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone.

Buying the biggest name coins opens the door for a lot, and it is great way to make a profit as well, bitcoin for example is still ranked first even after so many other stuff that has better blockchains came up, why? Because it is by far the best decentralized coin out there no matter what others do.

Yeah right especially if we are anticipating a bull run brought up by halving or any season that can give good market price to majority of crypto's. This two coin is for sure the first one to pump unlike other alts especially random altcoins in the market where we think we just gamble our money then hope for it to pump. So if we want to hodl on great seasons top coins is the most ideal compare to meme coin or other hype coin since they don't prove anything yet.

[Coyster]

Investing on mainstream coins gives the assurance of profit and have the track record for the same.

Mind you that there is no investment whatsoever with an assurance/guarantee of profit, quite rightly some investments are more risky that the other ones, for example, Bitcoin has an actual utility, so its risk is quite lesser than when one is gambling with altcoins, but it still doesn't mean there is an assurance on any of them, because you can lose your Bitcoins or sell at a loss because of real life financial problems.

[VFalcon]

In fact, there are those who follow only BTC and there are those who keep only alts in their portfolio. But in fact you can combine them, in principle btc is better to use for long term investments, for example for retirement, and alts allow you to earn large sums of money faster, but at the same time the risks are higher, but for this you need to do your research and look for the coin that will bring you money consistently, that's how I was lucky with TFS token, I still earn on it, you can find another token, it all depends on you.

[Taskford]

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 would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone.

For newbies its really better.if they could just buy bitcoin and other top so they can practice there trading skills on this coins and they will not get worried about if they might be scam since this coins are giants in the market. But I may not recommend him to go to telegram since there are so many scammers there. Much better if he stays on trading discussion and altcoin boards since he can learn a lot there.

Better to stay with top assets and continue to study the market, it's not easy since even those coins can be shaken but along the way it will bounce compared with a pump and dump project which most of the time will dump and die after some time. You need to be precise in working on studying the project that you are buying. There are many available coins but only a few will survive, especially when bear season is ongoing. Take time and not to rush yourself in placing your investment.

there's always a good timing, just slow yourself and continue analysing the market and once you are already convinced that you are good to go, then invest the amount that you are willing to risk.

When we are in situation that there's high chance to gain its better to select those coins which have high chance to gain so its better to select those top coins rather than those altcoins which we don't know if there devs will do some good hyping methods to create noise while bull run is happening since its important to see which coin will get a hype when good events slowly occurring.
There's really a good timing on everything so we make sure not to mess around so that we will not missed any possibly chances to gain especially last bull run where many people missed the opportunity to gain since they are easily afraid for possible downfall that unexpectedly happen.

[AakZaki]

For newbies its really better.if they could just buy bitcoin and other top so they can practice there trading skills on this coins and they will not get worried about if they might be scam since this coins are giants in the market. But I may not recommend him to go to telegram since there are so many scammers there. Much better if he stays on trading discussion and altcoin boards since he can learn a lot there.

What you suggest to start buying bitcoin and top altcoins is good advice and is also used to practice trading skills. This will be quite better and safer than following an unclear shitcoin project and of course there will be more risk of losing it. One of the dangerous places for beginners is Telegram because many scammers target new users to carry out fraudulent acts by offering projects that are profitable by up to thousands of percent and several other fraudulent methods. You should be alert when you get private messages from anyone you don't know.

[pusaka]

Investing on mainstream coins gives the assurance of profit and have the track record for the same.

Mind you that there is no investment whatsoever with an assurance/guarantee of profit, quite rightly some investments are more risky that the other ones, for example, Bitcoin has an actual utility, so its risk is quite lesser than when one is gambling with altcoins, but it still doesn't mean there is an assurance on any of them, because you can lose your Bitcoins or sell at a loss because of real life financial problems.

There is a high risk when investing in crypto, basically we have to do everything possible including when there is a long bearish entry, no coin is able to recover quickly unless we ourselves can survive it until the market is completely normal or bullish.
That is a good choice on bitcoin, I will not rule out other altcoins such as ETH which has the same potential and the usefulness of its widely used ecosystem, there are actually other choices and options and for any guarantee we should not expect more except as a true holder.

[Silberman]

There is a high risk when investing in crypto, basically we have to do everything possible including when there is a long bearish entry, no coin is able to recover quickly unless we ourselves can survive it until the market is completely normal or bullish.
That is a good choice on bitcoin, I will not rule out other altcoins such as ETH which has the same potential and the usefulness of its widely used ecosystem, there are actually other choices and options and for any guarantee we should not expect more except as a true holder.

And that risk is often ignored by traders thinking their skill is enough to overcome it, not understanding that instead they should use their skill and knowledge to avoid those risks to begin with, as the majority of altcoins out there are not worth holding for any length of time and you should always be ready to sell them as soon as it may seem a huge dump is coming, a recent example of this is PEPE, which was promoted as this amazing meme coin but in fact it was just a shitcoin, and now anyone that invested at the peak will probably never recover their money.