Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: SONĆEK on October 31, 2023, 06:56:02 PM
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
All the tokens you've listed above are good projects with a highly potential future, I understand why you're finding it difficult to choose which to remove.
Although, in as much as they all have potentials, there are factors to consider in other for you to know which tokens to remove and which to keep.
Everyone has investment goals even before they start their investments, you can't just wake up one morning and start investing without an investment goal, so I'll advice you go through the tokens' road map and find the ones that align more with your investment goals and then you can remove the ones that are in less/not in alignment with your investment goals.
Again, you need to consider the coins' market capitalization as well as the liquidity.
Like I said earlier, look at the road map of each coin and know which one has a better future, I believe if you put all these into consideration, you'll make the best choice on which token to leave or remove.
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
2 coins that need to be removed?
In my opinion, the most that can be removed are:
- SHIB
- ZRX
Apart from that, at least they have a strong team and concept. It is possible that on the other hand, all altcoins have high risk, although none is without risk, but there must be a choice based on top coins.
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SHIB and ZRX are not the altcoins you should buy in the market. You should replace it with a better altcoin. ADA is one more altcoin that you should not consider and is better to remove because it has a lot of criticism, and its price movement is also concerning. It might be worth buying other altcoins such as LTC and ARB, this is a better fit to add to your bags.
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Most of the coins you mentioned are perfect to invest in but there are some coins that it is better not to invest too much money in. You can keep SHIB coin in the list of possibilities and don't invest extra money in this coin but invest $10 to $20 in this coin. Since we don't see much change in this coin after few years, investing extra amount of money may get stuck in this coin. So if you can invest $10 to $20 in this coin then there is a possibility of some profit because if the price of this coin decreases by one zero or two zero then the profit amount will be much higher.
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OP, before suggesting to you the coin to remove, you can tell by yourself, the profits or losses of the coins you have made in acquiring all the mentioned altcoin investments of yours.
By doing this on your own, you can tell by yourself whether the coin that you invested in a long or short period, has done well or badly in price since you bought them. And that makes you have to rethink them as a crypto investment to remove a few from your crypto portfolio.
My two types of altcoins to be removed based on market conditions will be, Shiba and Ada.
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
If all the coins a d tokens you ha e mentioned here, am not only used to two of them xlm and zrx and they the ones Iay suggest to you to exclude from the list, other ones ha e strong market stand and performance you could not afford to fear for any reason while making investment in them, also, you should not forget that the way the whole crypto market is requires us in making research before starting on any investment of our choice, and each has it's own level of risk since we are dealing with a volatile digital market on this.
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They are all good coins which I think can be able to see a little or huge surge respectively in the bull market. Although XRP is a coin am not usually certain about but I suggest that you invest a little amount in the two coin which you want to take out because you are not sure the one that can become very profitable for you.
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Some of those will suffer the fate of other coins that were once at the top and have died a slowly and painful death without anyone caring
ZRX is trading at --87.26% from its' peak, it barely managed to get to the same ATH level in 2021 as in 2018.
Polkadot is also losing steam, it was at $54now it's trading at $7.xx, hardly showing any kind of pumping other then the usual market movement, it was a top5 coin, then a top 10 and maybe a top20 later this year.
SHIB is..common...this thing could go up by 200% in a day or down to 99% and nobody would be surprised.
Now, not looking at the price evolution or else, the one I wouldn't want to have in my wallet no matter what is XRP, that's a centralized currency I don't want to touch.
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~snip~
Now, not looking at the price evolution or else, the one I wouldn't want to have in my wallet no matter what is XRP, that's a centralized currency I don't want to touch.
All altcoins are centralized, but this is not a problem for those who want to trade with them, because nobody cares too much who is behind a project if they can make money from it. Of course, there are altcoins that are backed by institutions that may not be too dear to us, but for some, this fact is actually an advantage for investing in these altcoins.
You can still read from time to time how some people are fascinated with CBDC and think that these currencies supported by central banks will throw Bitcoin and altcoins out of the game, which of course does not make any sense.
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All altcoins are centralized, but this is not a problem for those who want to trade with them, because nobody cares too much who is behind a project if they can make money from it.
I wasn't even going that far away, somebody interested in holding any of those for sure isn't fascinated by the premise of spending them of keeping in a cold wallet, the thing is that even if you're trading with those over centralized coins you're going to take a hit based on an event involving a single person or entity.
CZ goes to jail for example, BNB is going to take a serious hit the moment the news hit the markets.
Just for the sake of an example, not that I wish it, the same happens if Buterin is involved in an accident.
You can still read from time to time how some people are fascinated with CBDC and think that these currencies supported by central banks will throw Bitcoin and altcoins out of the game, which of course does not make any sense.
I see your CDBC bet and raise you guys who "invest" in USDT, a thing that made my brain force a factory reset to preserve whatever synapses I have left and stop really caring about that topic or them altogether.
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~snip~
CZ goes to jail for example, BNB is going to take a serious hit the moment the news hit the markets.
Just for the sake of an example, not that I wish it, the same happens if Buterin is involved in an accident.
You are very likely right, although CZ is no longer formally in charge, so that fact in synergy with the army of followers of his character and work may keep the whole thing on the surface. No matter how you look at it, his CEX is still one of the most popular among the masses.
However, the truth is that all these projects have risks in their owners, and Satoshi was intelligent enough to understand that, and that is why Bitcoin has become the cryptocurrency that most people trust today. If memory serves me, Vitalik announced a few years ago that he would step down from his position, but that did not happen.
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SHIB gained attention as a meme token and is often associated with speculative trading. It might be considered more of a high-risk investment compared to other projects on your list. While XRP has faced legal challenges and regulatory scrutiny, which can create uncertainty for investors. Until regulatory matters are clearer, some investors may choose to avoid it or monitor developments closely.
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While XRP has faced legal challenges and regulatory scrutiny, which can create uncertainty for investors. Until regulatory matters are clearer, some investors may choose to avoid it or monitor developments closely.
Even if or when all that is resolved with the SEC, i would never recommend xrp to anyone, not like i do recommend any altcoin to people, but xrp is a big no, i don't see any reason why anyone should store that centralized shitcoin. Op take note that when investing in altcoins, it is difficult to say this or that coin is good, because it could be good and rising today, but tomorrow it is a dead project, it has happened many times and it will continue to repeat itself because most of these coins have no real world usefulness.
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While XRP has faced legal challenges and regulatory scrutiny, which can create uncertainty for investors. Until regulatory matters are clearer, some investors may choose to avoid it or monitor developments closely.
Even if or when all that is resolved with the SEC, i would never recommend xrp to anyone, not like i do recommend any altcoin to people, but xrp is a big no, i don't see any reason why anyone should store that centralized shitcoin. Op take note that when investing in altcoins, it is difficult to say this or that coin is good, because it could be good and rising today, but tomorrow it is a dead project, it has happened many times and it will continue to repeat itself because most of these coins have no real world usefulness.
I think the OP has to realize that no crypto project has the word Legit/Right written on it. I clearly understood your reason; why you don't suggest xrp to others, but I might personally want to buy some for myself when considering to take risk. I remember when XRP almost hit $1 mark, which means some people made profits from it, but that doesn't mean that we should go for projects facing issues either. It's all about the level of risk, because things can turn either ways.
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Irrespective of the project we may have in mind to go for, we should always be ready for an alternative to it, in case of when the unexpected should happen,we can at least have something to fall back on, the project or coin may not fail, but when we miscalculate the way we should go about it and experience loss, we may not be able to afford having nothing as backup to help us recover from the investment we made on any crypto project.
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XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
ADA, MATIC, XRP, XLM, DOT are good altcoins. They have strong fundamentals and very potential to increase gradually.
SHIB, ZRX aren't very familiar. SHIB is a meme coin, it doesn't deserve for a long time because only relies on the hype. Meanwhile ZRX, it seems not one of the top coins. So, SHIB and ZRX can be removed from your list.
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Irrespective of the project we may have in mind to go for, we should always be ready for an alternative to it, in case of when the unexpected should happen,we can at least have something to fall back on, the project or coin may not fail, but when we miscalculate the way we should go about it and experience loss, we may not be able to afford having nothing as backup to help us recover from the investment we made on any crypto project.
The initial point is how we analyze a project well. Although sometimes, even after in-depth analysis, not all projects can be successful, as a result of those that turn out to be scam/failed projects, or that end up being shit coins. And what is happening now, moreover, is the emergence of hype projects which in fact can be very profitable and on the contrary can be very detrimental. In this case, you have to be extra careful and timely when you want to sell coins from such a project. because after all, if you are even a little late, you will end up with a big loss.
On the other hand, if you really want to invest for the long term, it would be much wiser to choose top coins. Top coins that are at least really solid and have a high market cap, although this is not guaranteed, at least this can be attempted. Moreover, choose coins that don't have any problems with the SEC, because this can also be dangerous.
The most appropriate is Bitcoin and Ethereum, both of which have the potential to be worth it in the long term.
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ADA, MATIC, XRP, XLM, DOT are good altcoins. They have strong fundamentals and very potential to increase gradually.
I am not too familiar with some of the altcoins here, though i know it is difficult to find one with good potential, however i am so sure xrp is not a coin that has any potential, it is a centralized shitcoin that is controlled by a company, so i don't recommend anyone to buy this coin.
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To me ZRX and Shiba is actually the best to pull out from the choosed once, though I don't know much about ZRX but for SHIBA I think it being over hyped and when you invest there is every possibility to lose from your investment, despite it has gained much popularity over the crypto space. However, you really made a nice choice because almost all the coin selected are good for investment but I didn't find Ethereum and BNB thia two coin happens to be more trusted and reliable than some of that were listed above.
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ADA, MATIC, XRP, XLM, DOT are good altcoins. They have strong fundamentals and very potential to increase gradually.
I am not too familiar with some of the altcoins here, though i know it is difficult to find one with good potential, however i am so sure xrp is not a coin that has any potential, it is a centralized shitcoin that is controlled by a company, so i don't recommend anyone to buy this coin.
XRP is just a coin of the past that has had a lot of controversial, after all, there are many altcoins to choose from and better.
But why should you be confused when you can choose ETH as the top altcoin for long-term investment.
Now that even ETH reached a price of $3k and this could make ETH reach a new ATH, we will see it soon.
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ADA, MATIC, XRP, XLM, DOT are good altcoins. They have strong fundamentals and very potential to increase gradually.
I am not too familiar with some of the altcoins here, though i know it is difficult to find one with good potential, however i am so sure xrp is not a coin that has any potential, it is a centralized shitcoin that is controlled by a company, so i don't recommend anyone to buy this coin.
XRP is just a coin of the past that has had a lot of controversial, after all, there are many altcoins to choose from and better.
But why should you be confused when you can choose ETH as the top altcoin for long-term investment.
Now that even ETH reached a price of $3k and this could make ETH reach a new ATH, we will see it soon.
Investors seem to be not looking in ETH due to its high price. To multiply their profit, the price of ETH needs to reach $6k first or higher. Many investors are more interested in other altcoins with lower prices and possible growth potential to invest in. Having high hopes to maximize their profits by investing in these altcoins now while the prices are still low and have the potential to increase over time.
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XRP is just a coin of the past that has had a lot of controversial, after all, there are many altcoins to choose from and better.
Investors seem to be overlooking ETH in the current market due to its high price. To double their profit, the price needs to reach $6k or higher. As a result, many investors are exploring other altcoins with lower prices and more growth potential to invest in. They hope to maximize their profits by investing in these altcoins now while the prices are still low and have the potential to increase over time.
Expectations for the increase in ETH coin are indeed much greater than XRP. And this is not only about expectations, but also seeing how Etheruem's development is much more significant compared to XRP. Fellow old coins, Ethereum is increasingly consistent and also significant in achieving certain price targets. And currently Ethereum has also successfully exceeded the price of $3,200 and even more. So, it is very realistic when we hope that the new ATH of ETH can be more than $5k.
But for XRP? I myself am quite worried whether XRP will be able to achieve new ATH again more than their coins. Just leave it alone and XRP will continue like this if there is no breakthrough that increases interest among investors.
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I want to believe that not everybody understands how to make research on any coin for an investment, even for the sake of those that have the little experience in doing this, they also make mistakes and fall to scam and they are not always been accurate in their presumptions, but when we have given it a time enough to make the necessary findings required and know the ways we should go by, we are going to be more closely to making the right choice and avoiding the wrong decision since we are aware of what we are going for.
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ADA, MATIC, XRP, XLM, DOT are good altcoins. They have strong fundamentals and very potential to increase gradually.
I am not too familiar with some of the altcoins here, though i know it is difficult to find one with good potential, however i am so sure xrp is not a coin that has any potential, it is a centralized shitcoin that is controlled by a company, so i don't recommend anyone to buy this coin.
There are many ALT coins in the market but you don't invest in all the coins but you invest in those coins which are reliable enough to invest and which have a good chance of profit. If one is looking for such ALT coins for investment then the names of the coins that appear at the beginning of the list are XRP, DOT, MATIC, SOL etc. As far as I know about different coins, I definitely find these coins to be the best investment out of the ALT coins. Investment depends entirely on the investor, we only discussed about these coins now investor can invest in any coin he wants at his own risk.
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
All of these coins are not too bad to hold and I would advise you to stick to all of them if you the capacity to hold all of them simultaneously. But as requested, I would remove SHIB and MATIC if I'm in your shoe. Reason why I would have removed Matic is because of it low volatility because it is somehow behave like a stablecoin that respond to market trends slowly.
Take note, this is just a personal opinion and not a financial advice. The decision is in your hand and I won't be responsible for any of your losses in case you stick to my suggestion.
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
OP, you must have found out by now that the two coins you later removed from your portfolio because of the advice given, must have gained in price because of how the crypto market is booming regarding bitcoin increase. However, nobody knows what future of each coin they hodl in their portfolio whether they will do well or not than the one they have been hoping on for a while to be the best. We can only invest in altcoin that worth investing in but knowing how good they will perform in the future is damn unpredictable to us all
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
In fact, this is already a pretty good investment arrangement in altcoins. But it seems like there are a lot of people who don't recommend the ZRX. If Shiba Inu is still fifty-fifty, because we won't know what the meme coin will be like in the future. If it goes up again, it doesn't rule out the possibility that Shiba Inu can also fly again, following Doge. The thing is, actually this Shiba Inu isn't too bad either. In that sense, there are use cases and also quite good project development. But once again, these are meme coins, so the risk level is also quite high.
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-snip-
If Shiba Inu is still fifty-fifty, because we won't know what the meme coin will be like in the future. If it goes up again, it doesn't rule out the possibility that Shiba Inu can also fly again, following Doge. The thing is, actually this Shiba Inu isn't too bad either. In that sense, there are use cases and also quite good project development. But once again, these are meme coins, so the risk level is also quite high.
The risk level of meme coins is indeed high, but you have to see how the community is.
Shiba Inu and Doge have a large community, as long as you buy below and when the market crashes, you will get cheaper prices.
Hold it for the long term, and remember Doge is also Elon Musk's favorite coin, this will often be pumped when Elon says about Doge on Twitter.
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
I guess you have a good suggestion already. If you want to hold them for the long term, you should not pick any unnamed, unpopular token that may not grow in the future. Also, meme coins are not for long-term holding. I can see that people suggested you remove SHIB and ZRX, and I would like to go with them as well. You should not buy SHIB to hold it for a long time. You can buy it if you want, but make sure to cash your profit as soon as possible. Shitcoins grow faster and dump faster as well. I haven't heard about ZRX, so I won't go with such a coin.
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The risk level of meme coins is indeed high, but you have to see how the community is.
Shiba Inu and Doge have a large community, as long as you buy below and when the market crashes, you will get cheaper prices.
Hold it for the long term, and remember Doge is also Elon Musk's favorite coin, this will often be pumped when Elon says about Doge on Twitter.
Yep... Even if Elon does something new to DOGE it will make it pump again. Just making a tweet on X/twitter can make the community believe and buy more, especially since the biggest possibility is that DOGE could become an alternative payment on several business platforms managed by Elon Musk... this possibility is very high to the moon.
Meme Coin DOGE is the one with the most potential here by relying on the presence of Elon Musk as a way to pump prices.
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I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
This will be interesting material, so question was on the 31 of October
XRP $0.57 > $0.62
XLM $0.119 > $0.133
SOL $34> $173.15
DOT $4.82 > $9.10
SHIBA seriously, all the zeros, something from 7 to 26
ADA $0.30 > $0.62
MATIC $0.65 >$0.98
ZRX $0.26 >$0.88
So, the obvious losers would have been XRP and XLM, with ADA, Matic, and DOT being worse than btc
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Yep... Even if Elon does something new to DOGE it will make it pump again. Just making a tweet on X/twitter can make the community believe and buy more, especially since the biggest possibility is that DOGE could become an alternative payment on several business platforms managed by Elon Musk... this possibility is very high to the moon.
Meme Coin DOGE is the one with the most potential here by relying on the presence of Elon Musk as a way to pump prices.
That's always the case when Elon Says about DOGE.
The last time Elon mentioned DOGE about the purchase of Tesla Cars that will use DOGE again,
this made DOGE Holders more trusting and more and more people bought DOGE so that the price suddenly increased.
I became one of the people who felt a big impact about what Elon said about DOGE.
Even I got in when before ATH happened, it happened overnight and made a lot of profit for me.
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
I believe the problem is actually knowing the right coin to invest in rather than chosing became you can decide to choose from the many altcoins that are out there but still fall under a coin that it's worth is not rubbish. The thought of knowing, selecting and then finally making the choice is really hard for many people in the crypto space and that's why many crypto enthusiast end up making wrong choices especially on vital periods like this when the pumps just keep booming and you see different coins pumping and some of them are just traps set for investor to fall in them.
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Many new altcoins have been created but not all of them have a clear project, before entering an altcoin it is better to pay attention to who created the altcoin so that there is a small chance of getting scammed, sometimes many new traders prefer to just come in and buy coins but not investigated further first.
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Yep... Even if Elon does something new to DOGE it will make it pump again. Just making a tweet on X/twitter can make the community believe and buy more, especially since the biggest possibility is that DOGE could become an alternative payment on several business platforms managed by Elon Musk... this possibility is very high to the moon.
Meme Coin DOGE is the one with the most potential here by relying on the presence of Elon Musk as a way to pump prices.
I haven't felt the need to, first of all, invest in Doge despite Elon Musk's promotion of it on Twitter. I don't know why I find it hard to believe that Doge will make millions of people wealthy again the way it did last bull run. However, I am not a fan of meme coins anyway. I prefer investing in coins that have a total supply below 100million
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I want to invest in few alt-coins and I do not know which projects are good and which are not.
I have chosen this 8 options and I need to remove 2 so I only stay with 6 of them.
List:
XRP, XLM, SOL, DOT, SHIB, ADA, MATIC, ZRX
Which 2 should I remove?
All the coins you mentioned are in very low demand in the current market. If you want to invest properly and well then you can definitely choose the best and trusted coins in the market. The more coins are in demand, the more benefits you can earn by investing. So keeping yourself calm, you can select Bitcoin, Etherium Coin, BNB Coin, ORDI Coin and make a decision.