Hi Everyone,
As advised I am trying to learn the basics of crypto first.
Most of the suggestions mention investing in top ranked coins. My question is, does it always work? As far as I understand, the market is vulnerable and affects almost all the coins from top to bottom. How then you determine which ones would stay ?
Not all the times perhaps but I can be guaranteed that investing in top-ranked coins holds a low amount of risk compared to lower-ranked coins. In my case, I prefer to invest of course to Bitcoin which has the highest volume in the market, next to it is Ethereum and XRP. These coins have a high probability to give a high return when uptrend comes. These coins as well have been proved their existence in the market, sometimes they drop but can recover or even more in just a matter of time. As an investor, I do consider the risk of what I am taking even make some analysis first to lessen the probability of losing my funds.