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Showing 8 of 8 results by ImaryRoobCr
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Topic
Board Altcoin Discussion
Re: newbie Q/A
by
ImaryRoobCr
on 06/04/2022, 07:46:46 UTC
Quote
hi, i just joined the crypto market, and was referred to this forum so i can learn better and can learn from on this forum.
Yes it is good place to learn. You will find in this forum very experience User. Newbie can learn lot of skill and safe advice from Old members.
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I have some questions please help me answer it:
- I have an initial capital of $5000, what coin should I invest in for the long term?
Diversify your fund and don't invest in one coin. Bitcoin and Eth should be included in your investment. Both are for long term.
30% for Luna,Sol,Dot,ADA and Avax.
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- How to avoid easy scam coins?
Don't buy any coin which are not listed on binance. You are new to crypto so I recommend you to buy only those coins which already available on binance.


yes i see people sharing is very active even though i am a newbie. I have spent 20% of my money for long term investment in bitcoin and eth, i want to spend small amount to invest first, research a few things before deciding to invest more
Post
Topic
Board Altcoin Discussion
Re: newbie Q/A
by
ImaryRoobCr
on 06/04/2022, 07:31:06 UTC
- I have an initial capital of $5000, what coin should I invest in for the long term?
Though it was stated above that you shouldn't rely on other suggestions regarding financial advice but here's my opinion regarding your questions.

Since you're talking about investment in the long term, choose a project that has been proven, tested, decentralized, and very volatile that has fast-moving in the market.  IMO, Bitcoin is the first choice and as others said, this potentially will have profit in a long term.

Quote
- How to avoid easy scam coins?
These are my opinions,
  • Always DYOR
  • Don't trust a hype project
  • Always prefer on the decentralized concept
  • Have a real use project
thanks bro, i will consider your advice, little but understandable. And currently, which project do you feel is meeting the opinions you just mentioned above?
Post
Topic
Board Altcoin Discussion
Re: newbie Q/A
by
ImaryRoobCr
on 05/04/2022, 08:43:32 UTC
You should diversify into bitcoin some of the top altcoins.
Actually, for long-term investment plans, it is preferable to read the fundamental factors well rather than the volatility performance. However, you can also analyze their charts in recent years based on historical price and marketcap volumes in conclusion.
thank you for the advice, i will look into this, probably good to learn and invest in a coin anyway.
Post
Topic
Board Altcoin Discussion
Re: newbie Q/A
by
ImaryRoobCr
on 05/04/2022, 08:10:39 UTC
$5000, just put it into bitcoin, eth & solana & forget about it until retirement age. You should make a lot of money that way but your capital isn’t enough to get rich short term. You are going to need to HODL for likely two decades.
solana is a new concept to me, I don't know what good is solana so I can invest this coin?
Post
Topic
Board Altcoin Discussion
Re: newbie Q/A
by
ImaryRoobCr
on 05/04/2022, 07:07:57 UTC
hi, i just joined the crypto market, and was referred to this forum so i can learn better and can learn from on this forum. I have some questions please help me answer it:
- I have an initial capital of $5000, what coin should I invest in for the long term?
- How to avoid easy scam coins?
...
Are you ready to lose this 5000$? If anything goes wrong can you move on and not be let down because of your money? This is why I warn newbies not to use money that they can't afford to lose on crypto investment, since you are knew to crypto BTC is the best one to start with.
i willing to lose it, but when it comes to investing what value does it bring to me, knowledge - experience or anything in the long run I can apply when participating in the cryptocurrency market  Cry
Post
Topic
Board Altcoin Discussion
Re: newbie Q/A
by
ImaryRoobCr
on 05/04/2022, 06:57:44 UTC
hi, i just joined the crypto market, and was referred to this forum so i can learn better and can learn from on this forum. I have some questions please help me answer it:
- I have an initial capital of $5000, what coin should I invest in for the long term?
- How to avoid easy scam coins?
...
Are you ready to lose this 5000$? If anything goes wrong can you move on and not be let down because of your money? This is why I warn newbies not to use money that they can't afford to lose on crypto investment, since you are knew to crypto BTC is the best one to start with.
5000$ is the amount of money already that I want to invest and spend it to learn new knowledge. I can still accept the risk of losing if it brings something of value to me.
Post
Topic
Board Altcoin Discussion
Re: newbie Q/A
by
ImaryRoobCr
on 01/04/2022, 07:06:28 UTC
hi, i just joined the crypto market, and was referred to this forum so i can learn better and can learn from on this forum. I have some questions please help me answer it:
- I have an initial capital of $5000, what coin should I invest in for the long term?
- How to avoid easy scam coins?
...

We cannot give proper financial advises. You should not invest based on random people's advises. You should learn and understand what you're doing.
Also you're on a bitcoin and crypto forum, hence people will tell you why crypto is great Wink Just, again, make your own decision when investing.

Now to your questions. For newbies Bitcoin is basically the only proper solution because it's the least risky. But keep in mind, all crypto investments are risky. I cannot promise you that you'll be on profit in a week or a year from now. That's why one rule is to invest only money you afford to lose or keep locked for long time.
Historically an investment in Bitcoin was on profit in max 4 years. But Bitcoin is still young and history doesn't mean that much.

On the other hand, altcoins promise great profit, but on very long time they usually disappoint (compared to bitcoin). Also it's difficult to find really profitable ones, even for rather short periods.

So with Bitcoin you also avoid scam coins, as long as you are careful to get actual Bitcoin and not Bitcoin cash, bitcoin gold, wrapped bitcoin on ethereum network and other things with bitcoin in their name.

Three final advises:
1. Make sure you buy from established and reputable platforms to minimize the chances to get scammed.
2. Take a close look at the platform requirements and fees, especially at the KYC requirements (if it's a KYC platform and you are OK to give your details, you may want to pass the entire process before your money is locked in there for whatever problems) and the trade and withdrawal fees.
3. Make sure you read and understand how to hold your coins safely. You may want to acquire a hardware wallet for your coins. Crypto is very easy to be stolen. Also keep in mind to always double check thoroughly the addresses you send/withdraw coins to (because copy/paste viruses can easily trick you into sending money to scammers).

I hope that this is informative for you and I didn't scare you too much Smiley
Thank you for your advice, it is useful advice for me when I am new to the crypto market, I will consider and learn how to invest safely, manage my capital in the best way.
Post
Topic
Board Beginners & Help
Topic OP
newbie Q/A
by
ImaryRoobCr
on 30/03/2022, 07:03:57 UTC
hi, i just joined the crypto market, and was referred to this forum so i can learn better and can learn from on this forum. I have some questions please help me answer it:
- I have an initial capital of $5000, what coin should I invest in for the long term?
- How to avoid easy scam coins?
...