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 ?
A good question.
It depends on market condition. I prefer to invest in more known coins when the market is not in good condition. Because when market is downtrend, it is better to stay in high volume currencies not to loose too much. low volume cryptocurrencies can be dumped more easily.
But when i feel that market is in uptrend, i take some risk and invest also a little bit in less popular coins that i trust.