Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: sunnycb on July 02, 2022, 03:46:44 AM
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We all are witnessing a never ending dump in the crypto market as of now, but at the same time this could be an opportunity to get the best cryptos at the bottom low.
As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Thanks in advance.
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I think ETH has the potential.
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i think Cosmos (ATOM) its the best offer now
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In the cryptocurrency world, there are many different coins that are worth investing in. Some of the coins that could be good buys now are Ethereum, Bitcoin, and Litecoin. Ethereum is a coin that is known for its smart contracts and its ability to run decentralized applications. Bitcoin is a coin that is known for its volatility and its ability to be used as a means of payment. Litecoin is a coin that is known for its fast transaction times and its ability to be used as a means of payment and as a means of storing value.
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There are numerous cryptocurrencies available for investment in the crypto world. Currently, Ethereum, Bitcoin, and Litecoin are among the top choices. Ethereum stands out for its smart contracts and decentralized application capabilities. Bitcoin, on the other hand, is famous for its volatility and its usefulness as a payment method. Lastly, Litecoin is renowned for its speedy transactions and its dual functionality as a payment method and a store of value.
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We all are witnessing a never ending dump in the crypto market as of now, but at the same time this could be an opportunity to get the best cryptos at the bottom low.
As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Thanks in advance.
I can give you a good number of top coins to invest in but I can't assure you of how profitable they will be in six months, since you are thinking of hodl them for a short interval.
Investing in crypto is all about taking risks and if you are willing to take the risk, you can start by investing in bitcoin, ethereum, bnb, XRP, or bitcoin ordinal. You can choose for yourself on coinmarketcap.com. But anyone you choose, remember to DYOR before investing and invest with your spare money, not emergency money
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The current market conditions make it possible to expect profit by buying any coin. It can be assumed or understood that the market will rise further from the current state of the market. If you only plan to invest in ALT coins then you can invest in Ethereum. Ethereum is a very reliable and trustworthy coin among al t coins so if you can invest in this coin then this coin will give you a lot of profit in the future. Currently the price of an Ethereum is probably $2500 so if you can buy an Ethereum now and hold that Ethereum for some time then maybe after a few days it is possible to get a profit of 500 dollars from Ethereum. There is a possibility that the price of Ethereum will go to $3000 very quickly, so you can invest in Iftari Mango with that possibility.
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As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Most of top altcoins are good options to hold for few months. But you need to choose the top coins that have strongest fundamentals and they are not meme coins or stablecoins. For examples: ETH, BNB, SOL, ADA, TRX, DOT, MATIC, XLM, HBAR, ARB, APT, ALGO. These altcoins deserve to consider for buying and holding until the altcoins season. If you checked the current news of these altcoins, there are some good news, too. The good news will easily push the price to skyrocket.
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If I am to answer this? maybe my best buy at least in this moment more than a year after OP asked this is
Solana and Ripple because Solana have proven its capacity to make its way up even without the Bull market starting so that is given.
Then Ripple to be the next contender because there are more pending increase for this altcoin after what
have experienced in the last SEC case they have faced .
so for now it is a waiting but eventually will give a best result so decide which and what to invest.
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If I am to answer this? maybe my best buy at least in this moment more than a year after OP asked this is
Solana and Ripple because Solana have proven its capacity to make its way up even without the Bull market starting so that is given.
Then Ripple to be the next contender because there are more pending increase for this altcoin after what
have experienced in the last SEC case they have faced .
so for now it is a waiting but eventually will give a best result so decide which and what to invest.
I don't think Ripple should be considered as a promising cryptocurrency for the future. If you invest in XRP, your money might be stored for a long time without any movement. Ripple is a cryptocurrency created by a bank, which means it's centralized. This goes against the very purpose of cryptocurrencies, which is to be decentralized.
It is better to recommend investing in top coins such as SOL, ETH, BNB, MATIC, LTC, ARB, and Bitcoin, allocating the highest percentage of investment to Bitcoin.
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I don't think Ripple should be considered as a promising cryptocurrency for the future. If you invest in XRP, your money might be stored for a long time without any movement. Ripple is a cryptocurrency created by a bank, which means it's centralized. This goes against the very purpose of cryptocurrencies, which is to be decentralized.
Why not? Do you think XRP is a shit coin with no fundamental?
If you can't see the improvement of XRP price, it is too much. There is already good improvement of XRP price after a huge dump due to bad issue with SEC. Now, it looks like XRP seems to start increasing again because they can ensure the investors to have no more problems with SEC. With this positive progress, how can you claim XRP to have no future? :-\
It is better to recommend investing in top coins such as SOL, ETH, BNB, MATIC, LTC, ARB, and Bitcoin, allocating the highest percentage of investment to Bitcoin.
Those coins you stated above are surely good coins. But I don't think it is a bad idea if other people want to invest in XRP, too. However, it is better to diversify our crypto assets, don't invest in XRP only!!
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We all are witnessing a never ending dump in the crypto market as of now, but at the same time this could be an opportunity to get the best cryptos at the bottom low.
As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Thanks in advance.
You can select multiple coins of your choice by doing market analysis. But I will give top priority only to Bitcoin. Bitcoin's popularity is constantly increasing, which means that Bitcoin will be the sole focus of everyone's investments in the future. Investing in Ethereum as the next coin to Bitcoin wouldn't hurt either. But after investing in Bitcoin, I would prefer Ethereum as a second coin.
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I don't think Ripple should be considered as a promising cryptocurrency for the future. If you invest in XRP, your money might be stored for a long time without any movement. Ripple is a cryptocurrency created by a bank, which means it's centralized. This goes against the very purpose of cryptocurrencies, which is to be decentralized.
Why not? Do you think XRP is a shit coin with no fundamental?
If you can't see the improvement of XRP price, it is too much. There is already good improvement of XRP price after a huge dump due to bad issue with SEC. Now, it looks like XRP seems to start increasing again because they can ensure the investors to have no more problems with SEC. With this positive progress, how can you claim XRP to have no future? :-\
Yes. We all know that even with their resolving their legal dispute with the SEC on the previous year, XRP's price movement has been completely stable. Compared to other cryptocurrencies, XRP does not seem to increase its price with Bitcoin or with any other altcoins in the market. It only shows that XRP is subject to price manipulation.
Anyway, it's up to the investors to decide which cryptocurrency to invest in. However, always remember that it's important to diversify our investments.
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We all are witnessing a never ending dump in the crypto market as of now, but at the same time this could be an opportunity to get the best cryptos at the bottom low.
As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Thanks in advance.
You can select multiple coins of your choice by doing market analysis. But I will give top priority only to Bitcoin. Bitcoin's popularity is constantly increasing, which means that Bitcoin will be the sole focus of everyone's investments in the future. Investing in Ethereum as the next coin to Bitcoin wouldn't hurt either. But after investing in Bitcoin, I would prefer Ethereum as a second coin.
At the moment some old coins have started pumping in the market especially SOL, INJ, polkadot, Ethereum Classic, 1inch, FileCoin, Avalanche etc. Coins were once in dumping position but now these coins are very popular and in pumping position. You can purchase from these coins if you wish.
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We all are witnessing a never ending dump in the crypto market as of now, but at the same time this could be an opportunity to get the best cryptos at the bottom low.
As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Thanks in advance.
You can select multiple coins of your choice by doing market analysis. But I will give top priority only to Bitcoin. Bitcoin's popularity is constantly increasing, which means that Bitcoin will be the sole focus of everyone's investments in the future. Investing in Ethereum as the next coin to Bitcoin wouldn't hurt either. But after investing in Bitcoin, I would prefer Ethereum as a second coin.
At the moment some old coins have started pumping in the market especially SOL, INJ, polkadot, Ethereum Classic, 1inch, FileCoin, Avalanche etc. Coins were once in dumping position but now these coins are very popular and in pumping position. You can purchase from these coins if you wish.
Almost all coins went up because the bullrun started. But in my opinion, SOL really has the potential to increase a lot, it is possible that it will reach $200 price or more, so I recommend to invest in the discounted zone to reduce the risk and maximize your profit.
XRP is the only old coin I've seen that hasn't really gone up, maybe it's also good to invest in it.
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We all are witnessing a never ending dump in the crypto market as of now, but at the same time this could be an opportunity to get the best cryptos at the bottom low.
As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Thanks in advance.
You can select multiple coins of your choice by doing market analysis. But I will give top priority only to Bitcoin. Bitcoin's popularity is constantly increasing, which means that Bitcoin will be the sole focus of everyone's investments in the future. Investing in Ethereum as the next coin to Bitcoin wouldn't hurt either. But after investing in Bitcoin, I would prefer Ethereum as a second coin.
At the moment some old coins have started pumping in the market especially SOL, INJ, polkadot, Ethereum Classic, 1inch, FileCoin, Avalanche etc. Coins were once in dumping position but now these coins are very popular and in pumping position. You can purchase from these coins if you wish.
Almost all coins went up because the bullrun started. But in my opinion, SOL really has the potential to increase a lot, it is possible that it will reach $200 price or more, so I recommend to invest in the discounted zone to reduce the risk and maximize your profit.
XRP is the only old coin I've seen that hasn't really gone up, maybe it's also good to invest in it.
So far SOL have a great run recently and there's still a huge potential for more pump for this coin. Although I already secure my profit from SOL but still I'm monitoring how the market goes with this coin and want to buy again if there's a dump happen.
Also looking more forward for XRP in future since this is one of the best coin have great potential for a huge pump. Also have BNB but my top coin to have since I always accumulate when I have extra fund is bitcoin since there's no question about that this is the best coin to have.
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So far SOL have a great run recently and there's still a huge potential for more pump for this coin. Although I already secure my profit from SOL but still I'm monitoring how the market goes with this coin and want to buy again if there's a dump happen.
Also looking more forward for XRP in future since this is one of the best coin have great potential for a huge pump. Also have BNB but my top coin to have since I always accumulate when I have extra fund is bitcoin since there's no question about that this is the best coin to have.
Bitcoin is undoubtedly and indeed the main asset in the portfolio.
But for SOL and BNB also quite improved on significant price increases, especially SOL which is getting crowded because of quite hype in recent months.
The SOL ecosystem is growing well and SOL even proved that it will rise drastically and be able to break $100 again after dropping deep enough when it was in trouble with Alameda, which is also related to FTX.
In addition to these two Altcoins, why don't you mention ETH as the second Altcoin that will provide tremendous upside potential when Bitcoin reaches the new ATH later, I even hold ETH until now continue to buy it when the price drops.
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Bitcoin is undoubtedly and indeed the main asset in the portfolio.
But for SOL and BNB also quite improved on significant price increases, especially SOL which is getting crowded because of quite hype in recent months.
Bitcoin is surely the number one option for investment. There is no doubt on this coin. ;)
BNB decreased a bit after CZ has a case with SEC. But he already solved the case, now BNB is raising again gradually.
SOL is the most hype coin among the top 10 coins in CMC. It looks like the price increasing faster toward the halving, but be careful to always analyze the hype on SOL. I don't expect it is the peak, then there will be no more huge raise.
In addition to these two Altcoins, why don't you mention ETH as the second Altcoin that will provide tremendous upside potential when Bitcoin reaches the new ATH later, I even hold ETH until now continue to buy it when the price drops.
ETH and ADA deserve to be other good investment. ETH and ADA always have good news during the bullrun season. And these coins looks like following the Bitcoin trends.
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Bitcoin is undoubtedly and indeed the main asset in the portfolio.
But for SOL and BNB also quite improved on significant price increases, especially SOL which is getting crowded because of quite hype in recent months.
exactly. In fact, when was the time, both then and now, the best and most appropriate coin to buy, yes, number one is still Bitcoin. it is undoubtly. because we all really understand what Bitcoin is, so there's no need to doubt it.
In the future, if it is related to alt coins, I will personally think about top coins for sure. and ethereum is the most suitable and best to buy. However, if we expect a coin whose price is still very cheap, in this case, perhaps I would personally choose Matic as an option compared to other coins whose prices are still quite cheap.
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We all are witnessing a never ending dump in the crypto market as of now, but at the same time this could be an opportunity to get the best cryptos at the bottom low.
As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Thanks in advance.
OP First you need to remember to take maximum risk in cryptocurrency investing. Secondly, you should invest extra money because the market can go down at any moment after investment so that you don't have to worry about investment losses after investment. Then since you want to invest your money for six months I don't know how successful you will be but if you are serious about investing then I suggest you to buy bitcoin ethereum and I don't suggest buying unique coins because other currencies carry too much risk for you can do
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You can consider Ethereum when investing. Looking at the current market price, it can be seen that the price of Ethereum is slightly above $2300. If you invest in Ethylium then you can profit from it in future. Ethereum is currently the second most popular cryptocurrency in the market and is a very reliable coin. I would suggest you buy and hold Ethereum. Its price is expected to exceed $3000 in the near future.
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We all are witnessing a never ending dump in the crypto market as of now, but at the same time this could be an opportunity to get the best cryptos at the bottom low.
As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Thanks in advance.
We all in shock as we are witnessing a dump currently in the market despite ETF approval that we have all been anticipating and expecting pump in cryptocurrency prices. There is a saying that every disappointment is a blessing so the wise ones could actually turn things around to their own advantage because this is an opportunity to buy more coins at a low price and keep anticipating more profits.
At times like this almost every coin can be beneficial especially now that the bull run is around the corner but selecting the best coins to invest in is also an important thing. Before investing one needs to carefully carry out research even when people are identifying several coins that are best to invest in.
Never invest in a coin because you were told to do so, make sure you research on the coin and conclude by yourself if it is worth investing your money in.
My best picks are
BTC, ETH, SOL, and ADA are coins with good potential in my opinion.
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My best picks are
BTC, ETH, SOL, and ADA are coins with good potential in my opinion.
Simply, what you have mentioned are also in mine.
Because after all, the most important investment is in Bitcoin. The next step is to accumulate some of the top altcoins that will allow us to still achieve them. And top coins are the choice. We can check and recheck the coin market cap to choose which top coins are suitable.
As long as we don't choose hype coins that can only boom temporarily, then it will be much more widespread. because after all, hypecoins and also included in them are meme coins, they are very risky investments.
Oh yes, apart from BTC, ETH, SOL, and ADA, I also added: BNB and Matic.
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We all are witnessing a never ending dump in the crypto market as of now, but at the same time this could be an opportunity to get the best cryptos at the bottom low.
As I am quite new to crypto currencies.. can I have your picks of the top coins in which money could be put in, for a holding period of at least six months.
Thanks in advance.
If we are to check how much price increases have the crypto coins gone in price from the beginning of the year till now(2 months), we will all choose bitcoin because it is the only coin that has increased tremendously than others.
That's to say, someone who aims for a short term investment plan like 6 months, has earned a lot of profits before the 6 months. That sounds good but it doesn't really because having the vision of hodling for a longer period like a year or two, will bring higher profits to the investor than withdrawing profits so soon because of short term profits.
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You can consider Ethereum when investing. Looking at the current market price, it can be seen that the price of Ethereum is slightly above $2300. If you invest in Ethylium then you can profit from it in future. Ethereum is currently the second most popular cryptocurrency in the market and is a very reliable coin. I would suggest you buy and hold Ethereum. Its price is expected to exceed $3000 in the near future.
Ethereum will be always number one for the investment of altcoins. The current price looks not so high to buy, but I think it is better to wait for the dump to buy again. People assume the price of Etheruem will cross $5k in this bullrun season. So buying around $2k is very good rate, we can get enough profits when the price really passes $5k in the altcoins season.
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I prefer to invest in Bitcoin. If I actually want to diversify a little, then I can go for strong projects that have their own smart contract and network, such as ETH, BNB, Matic, and Solana. If I want to invest in meme coins too, I will choose Doge Coin. The fact is, altcoins can be so unpredictable compared to Bitcoin, which has two known seasons. If you buy some Bitcoin during the bear market, you are sure to make some profits during the bull market, but if you invest in altcoins, you are not so sure of the coin that can have a huge price pump.
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BTC, ETH, and SOL. I've been keeping an eye on these coins lately, and it's important to note that ALT SEASON and BTC SEASON aren't over yet. There are still halvings ready to provide massive profits to holders, so top coins are my focus right now.
Some might suggest other coins, like shitcoins, and that's not wrong as long as you only buy a little just to have them, not in large amounts. However, I recommend the main rule to not miss the train to the moon: buy top coins.
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Bitcoin has been and will always be the best coin to buy for an investment, after which we can later make decision on investing on other coins if we think we have got that courage enough in taking risk with altcoins, we should never as well forget that our investment should be limited to the rate or amount which we can afford to loose, we have to consider the risk involved in any investment before we embark on them.
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The best coin to buy as the crypto market is concerned is bitcoin. I said bitcoin to be that(best coin) because we know what the future holds for it as the halving and bull run is approaching to give a new ATH of bitcoin. Notwithstanding, there are other coins to invest in, but I can't give you my 100% support about them since I can't tell what the future holds for them in price. Investing in them is risky and it requires DYOR to avoid blaming anyone for why telling you to invest in altcoins other than bitcoin.
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The best coin to buy as the crypto market is concerned is bitcoin. I said bitcoin to be that(best coin) because we know what the future holds for it as the halving and bull run is approaching to give a new ATH of bitcoin. Notwithstanding, there are other coins to invest in, but I can't give you my 100% support about them since I can't tell what the future holds for them in price. Investing in them is risky and it requires DYOR to avoid blaming anyone for why telling you to invest in altcoins other than bitcoin.
Any other top cryptocurrencies will likely perform well in the upcoming bull market, even if we cannot accurately predict their future prices. These cryptocurrencies are likely to experience significant growth. For newcomers to the market, the only thing I know is, that it is advised to avoid meme-coins, as they may not be good for long-term holding. It is also better to conduct your research than to rely on the opinions of others when it comes to investing.
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For newcomers to the market, the only thing I know is, that it is advised to avoid meme-coins, as they may not be good for long-term holding. It is also better to conduct your research than to rely on the opinions of others when it comes to investing.
I would also recommend that to newbies, but i would even say they should avoid altcoins totally while they are still new, altcoins are so risky and there are too many new ones that are being created and launched on exchanges. A newbie will likely make a mistake and buy too many shitcoins if they look for altcoins, buy only BTC for now and if you want to diversify, buy different assets, i.e. gold, silver, etc.
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For newcomers to the market, the only thing I know is, that it is advised to avoid meme-coins, as they may not be good for long-term holding. It is also better to conduct your research than to rely on the opinions of others when it comes to investing.
I would also recommend that to newbies, but i would even say they should avoid altcoins totally while they are still new, altcoins are so risky and there are too many new ones that are being created and launched on exchanges. A newbie will likely make a mistake and buy too many shitcoins if they look for altcoins, buy only BTC for now and if you want to diversify, buy different assets, i.e. gold, silver, etc.
I change what I said. I had forgotten that meme coins is also among the top altcoins in the market. Just like Dogecoin, which is among the top ranked, the top 10 altcoins, which is a perfect example. But it's not recommended for the newbies to invest in Dogecoin because they might not understand the true nature of this meme coin. Even if Dogecoin is the very first meme-coin, it is not be the best choice for new investors.
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BTC, ETH and BNB are still the best at the moment, even though recently the cryptocurrency market is experiencing a pump moment, because the halving has not yet occurred, buying BTC as an investment instrument still has the opportunity to gain profits for the next few months or for mid-term investments.
Meanwhile, ALT SEASON is not yet visible, this is usually a phenomenon that occurs during halving, usually after halving or after BTC SEASON. The safest is top coin for investment needs, for transactions I like LTC and DOGE because the transaction fees are quite low.
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Many people prefer receiving recommendation from others even when they are not sure of what to do, its not that bad requesting from others, but we should also take it a responsibility of making our own personal research so as to add up to what others have suggested to us, it will not appears as if we have zero idea about what we are going into, some people may also mislead others if they see that they are novice in it, that is why we have the internet to research.
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For me as the newbies with this forum my picks are Bitcoin, binance. For me, but it's depend on you guy's which is your prefer to buy.
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Many people prefer receiving recommendation from others even when they are not sure of what to do, its not that bad requesting from others, but we should also take it a responsibility of making our own personal research so as to add up to what others have suggested to us, it will not appears as if we have zero idea about what we are going into, some people may also mislead others if they see that they are novice in it, that is why we have the internet to research.
Doing your research is always important because as you said, one might not be suggesting projects or tokens that are worth investing in and if the person asking for suggestions goes ahead and makes investments without looking them up themselves they might incur losses due to that. So whenever someone asks a community for suggestions, they need to make sure that they are taking those suggestions, doing their due diligence, and then deciding what projects they should go for.
Some newbies don't even ask anyone for suggestions or assistance, they watch a few videos, see some posts on social media, and start making investments based on those resources which is the worst thing one can do. Do that only if you don't love your money, otherwise, you shouldn't be making investment based on what you read over the internet written by anyone.
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I would also recommend that to newbies, but i would even say they should avoid altcoins totally while they are still new, altcoins are so risky and there are too many new ones that are being created and launched on exchanges. A newbie will likely make a mistake and buy too many shitcoins if they look for altcoins, buy only BTC for now and if you want to diversify, buy different assets, i.e. gold, silver, etc.
Newbies usually have one syntom of fear in them when it comes to investing in any coin whose price has far exceeded $10. Even if you tell a newbie to invest in Bitcoin, the person will feel like you are giving them the wrong advice because they will begin to imagine how they can afford a whole bitcoin because of how expensive the price has become. They fail to realize that Bitcoin can be acquired in fractions, and it's better to earn their little profit from Bitcoin rather than lose all their assets to a meme coin or some shitcoin.
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For newcomers to the market, the only thing I know is, that it is advised to avoid meme-coins, as they may not be good for long-term holding. It is also better to conduct your research than to rely on the opinions of others when it comes to investing.
Not only that memecoins are not good for long-term investing purposes, but the whole of altcoins are not also. They are only good for short-term plans. For Instance, if you invest in them now, within a short time, when you have made some profits, you can withdraw your profits because leaving your profits to grow more, can leave you disappointed and you will end up feeling bad about the missing opportunity that passed you by.