For sure the risk is high because there are lots of shot coins out there but the best strategy is to invest little amount in numerous coins at least some will convert to real profitWell said mate , no doubt investing into new legitimate crypto projects is the best way forward but note that there are several fake projects out there. I think proper research is required when trying to invest on new Crypto projects.
In all other cryptos ,I think Bitcoin and ethereum have gained more stability compared to other coins.One should put his/her investment to something more stable.Those other coins should be part of you.Once you have an algorithm to enable you perform well with the major cryptos,you will eventually have an easy job working with the other Bitcoin rising at some point I have seen it affecting other coins.I suggest you try other coin like xrp,tatcoin and the likes, I won't advice any one to invest in bitcoin, even ethereum the price fluntuates but doesn't leave it's actual figure. Search about other upcoming coin too
Good one! All in all, you don't lose everything. Being able to recoup losses in investments made in the same period is really a good strategy. Not putting all in bitcoin, I agree with that.Bitcoin is good for long term and if you want to actively trading it. Divide your investment into several different crypto that you think maybe profitable. That way when one of the crypto that you invest is losing you can quickly regain your losses with the profit you get from another coins.
Yes, I know that there are other coins out there. I just like personally like Bitcoin as I have much knowledge in it. Everyone should choose which coin they are comfortable with and invest in it.Yes Bitcoin is the most popular Cryptocurrency but that does not mean I the only good coin one can invest on. There are thousands of majors altcoins out there . It only a matter of choosing the right and legit project .
if you're new to crypto then you should probably invest in bitcoin as that is the most widely use one, other coins have limited uses and can only be accessible through exchange marketsHow can I invest in crypto currency and what is the best coin to invest in.
I'm new to crypto currency.
I agree with you. Bitcoin is much more popular than many other coins. That makes it easy to trade, invest or just hold as a newbie. Furthermore, it is easily accessible as you can buy it from people in several platforms using different payment methods.if you're new to crypto then you should probably invest in bitcoin as that is the most widely use one, other coins have limited uses and can only be accessible through exchange markets
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