AVE5 (OP)
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March 17, 2024, 08:29:03 AM |
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If you've someone being introduced to the crypto world of investment, would you advice then to have their first experience with the AltCoins even as most of the AltCoins volatility potentials are so weak to rely on? If yes, what AltCoin would be best recommended for a beginner in a start up stage like that and if no, what other cryptocurrencies is advised?
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mk4
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Paldo.io 🤖
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March 17, 2024, 08:36:22 AM |
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You know what's actually advised? For people to actually read and learn about this industry so they can find their own investments and make their own decisions instead of asking random strangers online.
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Curated Crypto Airdrop Database
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Zaguru12
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March 17, 2024, 08:44:54 AM |
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In my opinion if someone comes into cryptocurrency looking to have it as an investment asset, my advice is always to stick to bitcoin because it is the only coin I considered worthy of been called an investment, the Altcoins are more like a gamble to me.
Now if one still wants to invest in this Altcoins then I will say they should do their own research and find that Altcoin that goes in line with your utility purposes and then invest in it. There are some Altcoins know for fast transactions, some for other utilities like gaming or even AI so it is down to the person to do there own research
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husencoe
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March 17, 2024, 09:16:15 AM |
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I think directly suggesting investment in Altcoins is not wise. This will make him dependent on us and he will have no strong base to stand on his own. I believe investment is a personal decision and one must learn to live with it. So I would advise him to learn first about crypto and trading. This investment sometimes requires improvisation and acting quickly, and we cannot recommend it all the time. Only serious people can survive in this investment. If he can't learn from his investment journey, how can we help him. Maybe we just need to give advice and keys in several important things. Apart from that, let him experiment on his own. If he doesn't understand analysis and can't find entry and exit points on the market, even investing in Bitcoin he will find problems.
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Bushdark
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March 17, 2024, 09:29:22 AM |
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I would always advise anyone that is new to crypto to always invest in Bitcoin because this is the only way they can be safe from market manipulation and bad projects. Not that there is no good altcoins in the market but we need to be wise and look for good projects to put our money without wasting time and delaying since we are already in the crypto hemisphere. We can always make.money from the market investing in good altcoins but the problems comes when we don't make research on the altcoins we are about to buy and hold because this could bring loses to us if we end up investing in the wrong coins.
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aioc
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March 17, 2024, 09:46:22 AM |
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If you've someone being introduced to the crypto world of investment, would you advice then to have their first experience with the AltCoins even as most of the AltCoins volatility potentials are so weak to rely on? If yes, what AltCoin would be best recommended for a beginner in a start up stage like that and if no, what other cryptocurrencies is advised?
All the people I've invited to invest in Cryptocurrency only invest in Bitcoin, since for me Bitcoin is the main Cryptocurrency they should first understand what Bitcoin is, all of its features, why it is invested, and who invented it. I never recommend any altcoin I'd like them to pick the right altcoin for them to invest in so they will be responsible for their losses and gains, so far all the people I've invited are doing great in their investment venture here in Cryptocurrency.
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SmartGold01
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March 17, 2024, 09:50:43 AM |
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Before advise they should gain their own knowledge to understand how those altcoin works naturally I can't just tell someone to buy coin Y or coin Z without them knowing how those coin work independently and the kinds of wallet address they should use for those coin, even though we have many common chain out there but they should know very well to enable them guide their investment from missing because sometimes they might send them to the wrong chain making their investment to vanished. Btw I can't give someone advice to go buy altcoin while bitcoin is there to invest, what is the reason to invest in altcoin after knowing they are too volatile.
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kentrolla
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March 17, 2024, 10:57:25 AM |
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First of all I would never advise beginner to go with altcoin investment rather I would suggest them to go with Bitcoin investment because we are all aware altcoins are highly volatile and if the new person and the during bearish market they would never be able to recover the investment in Altcoin but Bitcoin has ability to pump up.
Moreover only with Bitcoin they will be able to learn more about crypto because of they are introduced to Altcoins they would think it's just a pump and dump game. If it's mandatory to suggest only Altcoins then I would suggest Ethereum which is the second most trusted crypto currency IMO.
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btc78
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March 17, 2024, 11:23:13 AM |
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No. I would definitely tell a beginner to go for bitcoin. I believe it is only right as it is the top currency anyway. It requires less expertise and the concept and the pattern are easy to understand. There’s also a higher chance of profit. While altcoins are too congested and there are too many of them to know which one should you invest in to. I don’t think someone can instantly understand or identify the right altcoins to invest in right off the bat.
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pakhitheboss
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March 17, 2024, 11:24:26 AM |
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If you are a beginner then the first thing that you should do is understand why Bitcoin was created and why altcoins exist. Then it would be best if you thought about investment as it is your money and you cannot hold anyone responsible for a wrong recommendation. Always ensure that you research an altcoin first and then ask the public to check whether your research was good. Do not ask or follow blindly any recommendations of others as an investment in cryptocurrencies is risky and can affect your finances.
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Reatim
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March 17, 2024, 11:26:10 AM |
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Yeah, I would advise him or her to go for altcoins, why not? If that someone is only beginning to get into crypto and still does not want to invest a huge amount of money… I can advise him or her to go for altcoins. First of all I would teach him or her the fundamentals. Buy low, sell high that kind of thing. I believe experience is the best teacher. Let them see just how money can increase when you invest them in the right coin. Of course timing is valuable. I just need to show the basics and let them learn on their own.
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Kelward
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March 17, 2024, 03:07:27 PM |
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If you've someone being introduced to the crypto world of investment, would you advice then to have their first experience with the AltCoins even as most of the AltCoins volatility potentials are so weak to rely on? If yes, what AltCoin would be best recommended for a beginner in a start up stage like that and if no, what other cryptocurrencies is advised?
The best crypto investment that any beginner should buy is none other than Bitcoin, it's the most reputable cryptocurrency and you don't need to carry out any research on whether it's a scam project, it's decentralized and is the best digital asset that will keep increasing in value. Investing in altcoins requires experience and if an investor is not knowledgeable they can fall into the trap of buying a scam project, so a newbie that wants to invest in altcoins without experience is simply gambling their fund. So they need to first Lean how to carry out research before investing, but it's not applicable to top altcoins like Ethereum, Solana and BNB, they're reputable altcoins that are safe to invest in.
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Mate2237
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March 17, 2024, 03:22:29 PM |
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Op before I introduce someone to invest in the cryptocurrency world then I will recommend to him on the project when I have enough knowledge about and not the one *they said". The one you have use will be reliable because you can direct him what to do and how to keep his coins. But if your recommend him to the one you have not used and you made the recommendation because people told you to do so. Your friend might be frustrated because most of the things he might want you to help him out, might not be done because you too is not familiar with the coins.
Yes I will ask him to invest an altcoins but to a very familiar one.
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electronicash
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March 17, 2024, 04:20:47 PM |
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i gave my sister ETH when she showed interest in crypto. it wasn't a good start since that was the time of bull run which was the ATH. she experienced the bear market right where she began to learn crypto market.
i think one should also wait for the bear market before recommending a beginner to start investing. it would be a pleasant experience for a beginner to see his profit at the first stage in his crypto journey. this will be a boost to his sense as to what will happen after a bull run and a bear market.
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bounceback
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March 17, 2024, 04:47:46 PM |
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If you've someone being introduced to the crypto world of investment, would you advice then to have their first experience with the AltCoins even as most of the AltCoins volatility potentials are so weak to rely on? If yes, what AltCoin would be best recommended for a beginner in a start up stage like that and if no, what other cryptocurrencies is advised?
ETH and BNB are certainly the right Altcoins for beginners to invest in, these coins are able to minimize the risk of loss for beginners because sometimes when these two coins experience a correction it usually only lasts temporarily and then returns to its base price in a short time so it doesn't disappoint beginners , in contrast to many other altcoins which do not have fundamentals, if the price experiences a significant decline then usually the altcoin is no longer popular among investors so that it slowly no longer has value in the market unlike Ethereum and BNB coins.
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tsaroz
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March 17, 2024, 05:40:47 PM |
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If you've someone being introduced to the crypto world of investment, would you advice then to have their first experience with the AltCoins even as most of the AltCoins volatility potentials are so weak to rely on? If yes, what AltCoin would be best recommended for a beginner in a start up stage like that and if no, what other cryptocurrencies is advised?
The safest altcoin investment strategy would be to invest on top 20 altcoins by marketcap. All of them are good and capable coins and covers both utility and meme. There are better options which can yield much more but they'll need much research and strategy. Anyone who had invested $100 each on top 20 alts before 6 months would have their money quadrupled by now and anyone investing now could get their quadrupled by next 6 months as the ultimate bull is yet to come.
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Dr.Bitcoin_Strange
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March 17, 2024, 08:06:44 PM |
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If you've someone being introduced to the crypto world of investment, would you advice then to have their first experience with the AltCoins even as most of the AltCoins volatility potentials are so weak to rely on? If yes, what AltCoin would be best recommended for a beginner in a start up stage like that and if no, what other cryptocurrencies is advised?
I don't like to advise newbies to start their investment with altcoins, but if the individual has actually learned about a project by himself and is only asking to confirm if he or she should invest in the token or not, my advice would be for them to only invest the amount they can afford to lose. Some newbies take their time to learn about a project and feel convinced to invest in it, but they will just want to seek the opinion of other experienced users. In such cases, I still leave it to their decision. Some altcoins can turn out to be profitable investments, but imagine when the newbie doesn't get lucky enough to invest in the gem coin that can yield a tangible profit for them. then the person who advised the newbie to buy the coin will receive the blame. Also, it's usually very painful for a newbie to lose their first investment in crypto currency. That's the reason why I don't advise newbies to invest in altcoins first.
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Wexnident
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March 17, 2024, 09:27:51 PM |
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Bitcoin and the top 10 altcoins in the market. After that I'll just let them be and if they ask for more advice, then I'd tell them to read up. Study the market, checkout what's trending to the investors, and about what news and announcements there are concerning crypto adoption and whatnot. They're their own person, and I'm my own after all. If they were all about trying to profit without thinking, I'd tell them to just check copytrading or something similar.
If they wanted to make like 100x gains though then I'd tell them to dyor since altcoins that can give you that much are usually new in the market, and well, most of said new coins are most often than not rugpull scams or just bad tokens in general.
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Gozie51
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March 17, 2024, 09:48:23 PM |
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Apart from Bitcoin the I will suggest to invest in Ethereum and BNB. These two coins have potential for growth in the crypto space. Like Ethereum as the second crypto coin has other factors and features that will keep getting investors to be attracted to it and moreover, it has so many altcoins under its Blockchain and so this will keep increasing it relevance in the market. As for BNB, it has its own chain too with altcoins under it and its management team are serious to keep running with the coin. Binance exchange is quite a popular one in the market and a back up for BNB .
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AVE5 (OP)
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March 18, 2024, 02:42:38 AM |
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i gave my sister ETH when she showed interest in crypto. it wasn't a good start since that was the time of bull run which was the ATH. she experienced the bear market right where she began to learn crypto market.
i think one should also wait for the bear market before recommending a beginner to start investing. it would be a pleasant experience for a beginner to see his profit at the first stage in his crypto journey. this will be a boost to his sense as to what will happen after a bull run and a bear market.
Oh interesting having to know about your sisters crypto journey of having ETH for a start, I understand the unfortunate emotions of having uninteresting experiences from a beginners starting point but I hope after the bear market against the bull-run she could she could buy and accumulate more to be able to cope and secure some productive remarks from the Crypto industry once again after her saddened experienced! So then are you saying that that the ETH amidst the AltCoins is not one of the suitable coins Such as bitcoin that doesn't have a particular purchasing times which such demands patient and keep holding while the markets volatilities surges a higher volume to bring income? If yes then it's not a good one for a beginners start up especially when the beginner wants to hold for a long term or is it systematically compulsory that the Coin type would change the investors aim of term goals? Please, I really want to understand this AltCoin or the recommended ETH too well in this Crypto industry.
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