- I have an initial capital of $5000, what coin should I invest in for the long term?
Wait and buy when the market corrects again. Most people make the mistake of investing when the market is high and then usually lose. But the very few manage to buy for psychological reasons when prices have fallen sharply. But this is exactly where you make the biggest profits in the medium and long term.
- How to avoid easy scam coins?
As a newbie, invest only in established coins e.g. in the top 50 or even only top 30. Many make the mistake and buy very very cheap coins with a small market value, thinking those can still rise the most. But there are reasons why they are so low. If you stay away from them, you have a great chance to avoid scams.