Post
Topic
Board Beginners & Help
Re: First buy Bitcoin as a newbie, good way to start.
by
Catenaccio
on 04/03/2024, 02:52:48 UTC
I bought some Bitcoin and Ethereum. Although, so many other coins are gaining my attention. But I'm looking for cheaper ones apart from Bitcoin and ETH.
I feel like having these two for now will give me rest of mind than the others.
Cheaper coins don't mean they are cheap in risk and benefit analysis. You can buy other cryptocurrencies with cheaper prices but if those prices are over valued of their intrinsic values, you are doing bad investment.

Cheap or expensive, it must be taken into account with those cryptocurrencies' use cases, utilities and their project roadmaps. If they are bad projects, you can buy a cryptocurrency at price like 1 cent but it is still expensive because eventually you will lose all your capital when that project is dead.

Dead Coins: Over 50% of Cryptocurrencies Have Failed.