Quote from: xSkylarx on March 01, 2022, 12:48:47 PM

Quote from: Sarah Azhari on March 01, 2022, 12:31:59 PM

Quote from: Jackl87 on March 01, 2022, 10:05:00 AM

If a friend, that has no idea of cryptos whatsoever yet but wants to make his early investment in the cryptospace, is asking you what he should do now or what coin he should buy then i think it is always important to check first, what he is hoping to achieve with his investments. Does he want to invest money because he does not get any interest on the bank but he wants to make a relatively save investment? Then i woudl go for the big and already established coins like Ethereum, Solana, Cosmos, Polkadot or even Bitcoin there the risk of a total loss of your investment is very small in my opinion. If he wants to go for possible very high returns, then you should make him clear that it is very much possible that he will lose his investment and then you can pick one of the newer but promising projects.

yes I told him crypto has the risk which can be losing money. he was invest the money in bank called deposito (staking) but he get in low profit each month then he remembered me 3 years ago was invest crypto with high return because of that he ask me.

Because staking is a passive source of income, he should be not complaining that the rate is too low, given that he is making a profit. Investing in cryptocurrency is not easy because you will get scammed. Usually, you should get into the top 10 currencies because they are the best and, in my opinion, the safest to invest in. If he wants to invest in a new cryptocurrency, he should first read their website, whitepaper, roadmap, and also the community because you can easily distinguish what is scam and what is not.

Staking is good thing for newbie because they have passive income on every month without have to care and checking market which one coin have to buy, but still not guide when choosing right coins for staking. Some investor just interested only with coin staking by giving higher APR reward without see how much coin supply, how many exchange listing and do not know about potential or not before staking. I see most stable coin for staking right now is SFUND because have stable price and worth for one year staking with APR 75%, you can unlock or unstake coin when do you want without waiting one year period.