Which cryptocurrencies are best to invest in?

[timsk]

The nearest thing to cryptocurrencies that I'll ever invest in looks like the pic' below. Why? because in the precious metals stacking community there's a saying that goes: 'if you can't hold it - you don't own it'. You can't hold crypto, NFTs - or any other digital 'asset', so put your money into a real Bitcoin like this . . .

 

[trade2bpro]

Altcoins are more potential risks but have higher gains during volatile periods. Bitcoin and ETH are more reliable but low gaining.

 

[Inquisitor]

The ones you understand the most. As Warren buffet says don't invest in anything you don't understand

If Warren Buffet is your guide to sound trading advice then you won't be investing in cryptocurrencies at all.

 

[price777999]

Hi, fellows!
I am interested in investing in cryptocurrencies. I have only invested in stocks so far. Can you advise me which cryptocurrencies are suitable for investment?
Can you share your personal experience? Any tips?

PulseChain

 

[Krampuss]

Personally, I've had some good experiences with well-established coins like Bitcoin and Ethereum. They're like the OGs of the crypto world, so they tend to be a bit more stable and less risky compared to some of the newer coins.

 

[Vasey]

ADA
DOT
ETH
BNB

 

[trade2bpro]

If it's not BTC then just buy SOLANA. It is as practical as ETH and still has room to grow.

 

[Lightning McQueen]

If you're in the UK then it's possible that it just isn't viable to buy/sell/hold crypto, the regulator appears to have clamped down hard in every aspect associated with it.

On and off ramping more difficult.

Risk of being debanked.

Desktop wallet no longer allows access to any of their help/how to pages, UK mobile app no longer works, how long before the wallet itself is withdrawn from UK use.

Staking no longer allowed.

Not a regulatory issue but lets say the wallet decides to sunset your coins and no longer support them. I have BTG and XNO, they will be binned out soon, BTT already binned out the wallet since my last visit.

What then if we try take advantage of crypto price movement? say a spreadbet, oh, no longer available to retail investors.

 

[Vasey]

BTC,ETH and BNB is the best currencies to invest. Also, Solana is a great option if you can buy it in a dip.

 

[Larisa]

Hi, fellows!
I am interested in investing in cryptocurrencies. I have only invested in stocks so far. Can you advise me which cryptocurrencies are suitable for investment?
Can you share your personal experience? Any tips?

If you're starting, focusing on established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) is advisable due to their proven track records. But the crypto universe is massive! Therefore, investigating altcoins with robust projects and teams is also recommended. Stay updated, and maybe think about security, like using those hardware wallets to keep your investments safe.

 

[Larisa]

I think it's better to trade crypto rather than invest in crypto.

May I ask why you prefer trading over the long haul of investing?

 

[sdotwewen]

When contemplating investments in cryptocurrencies, thorough research is essential due to the market's high volatility and unpredictable performance. Historically significant and widely acknowledged cryptocurrencies include Bitcoin (BTC), the original cryptocurrency with the largest market cap, Ethereum (ETH), known for introducing smart contracts and having a robust development community, and other altcoins such as Ripple (XRP), Litecoin (LTC), and Cardano (ADA).

 

[Larisa]

It's more engaging and can be more rewarding than just holding long-term. it's possible that all your investments could turn into nothing

Got it, makes sense! The thrill of trading is definitely appealing.