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Author Topic: How can I choose which cryptocurrency to invest in?  (Read 16228 times)

Offline akeemqaz

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Re: How can I choose which cryptocurrency to invest in?
« Reply #180 on: May 15, 2024, 02:10:16 AM »
I mostly buys early listing coins especially on first exchanges before those coins get listed on other exchanges. With this, I'm always able to make good profits.
An example is this Mog chart

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Re: How can I choose which cryptocurrency to invest in?
« Reply #180 on: May 15, 2024, 02:10:16 AM »

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Offline legend45

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Re: How can I choose which cryptocurrency to invest in?
« Reply #181 on: May 15, 2024, 08:33:09 AM »
What you do is certainly very appreciated because you already understand that investing in new coins is very exciting but can make things difficult by not producing results because many are scams.
That's right, the best ranking on CMC at the moment already illustrates how strong the coin is, so that it can get to this point because of the strength it has to survive.
If you want to make money, do what you think will bring you the profits that await you.
If you want to get big profits, choose new coins, but we both know that with new coins the risk is bigger. But if you want to be safe, choose the top rank coins in CMC, because they have been proven to last until now. There are lots of scams, be careful.

Offline koang

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Re: How can I choose which cryptocurrency to invest in?
« Reply #182 on: May 15, 2024, 03:31:12 PM »
I don't dare to buy coins other than the ones you mentioned because it involves the capital I use. I don't have much time to always look at exchanges because work in the real world is too busy so I made purchases of Bitcoin, Ethereum, Solana and BNB for future investments.

So you are a Hodlers 8)

The Hodl strategy is a “safe way” to make peace with volatility while earning profits in the long term
But a Hodler should also regularly follow news about platform updates, wallet updates, and developments in laws and regulations are also important, because governments in some countries even require crypto assets to be reported on tax forms.

Offline UNIVERSE

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Re: How can I choose which cryptocurrency to invest in?
« Reply #183 on: May 15, 2024, 11:29:57 PM »
If you want to get big profits, choose new coins, but we both know that with new coins the risk is bigger. But if you want to be safe, choose the top rank coins in CMC, because they have been proven to last until now. There are lots of scams, be careful.
Mate, new coins never guarantees big profits. New coins even may lead to huge losses because they are riskier than old coins. And the top coins on CMC doesn't guarantee safety, just don't choose meme coins among the top coins. Even if the meme coins are a part of the top coins, they have no clear fundamentals. Anyway, most scams come from new altcoins, that's why we must be very careful if we want to invest in new coins.


Online taufik123

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Re: How can I choose which cryptocurrency to invest in?
« Reply #184 on: Today at 10:26:59 AM »
If you want to get big profits, choose new coins, but we both know that with new coins the risk is bigger. But if you want to be safe, choose the top rank coins in CMC, because they have been proven to last until now. There are lots of scams, be careful.
Mate, new coins never guarantees big profits. New coins even may lead to huge losses because they are riskier than old coins. And the top coins on CMC doesn't guarantee safety, just don't choose meme coins among the top coins. Even if the meme coins are a part of the top coins, they have no clear fundamentals. Anyway, most scams come from new altcoins, that's why we must be very careful if we want to invest in new coins.
You are right, caution to invest it needs to be done so as not to get stuck on new altcoins that will eventually just be abandoned and will have no price at all.

Quite often advice like this I find, but some people who place their risk on new altcoins or emerging memecoins,
they are already aware of how risky it is.

It's like when you catch a knife from a height that will risk injuring you, but if you can catch it with the right moment then you will succeed.
Such is how a new altcoin or memecoin that reaches ATH is pretty crazy, even a $1 investment can become hundreds of thousands of dollars in just an instant.

 

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