Which coins should starters invest in?

Does anybody know how one can avoid the long synchronization time needed for wallets?

E.g. when you move your wallet from one computer to another, the new computer still has to go back ages (10+ years sometimes) to synchronize. I don't know whether that "synchronization data" could also be moved.
This happens with Litecoin, Dogecoin, Bitcoin... basically all coins that use these sort of wallets.

Moving the wallet only moves the content and the addresses, but not the whole data.
And it can take 10-60 days to synchronize, depending on the type of coin/internet connection and PC configuration.

Is there a solution?
 
use a lite wallet that doesnt download the whole blockchain, you should be using a hardware wallet anyway.
 
lurking said:
Many coins are genuine but are ultimately solutions in search of a problem.

Most of the innovation ultimately ends up in btc or eth improvements. Problems that say bitcoin cash claimed to solve on bitcoin were not actually problems or were solved with segwit, lightning or liquid. Problems that say chainlink and polkadot claimed to solve were not actually problems (lot of folks seem to miss design nuance) or were or are in improvement updates.
Click to expand...
I would agree with this. Even those other coins that do actually improve bitcoin do not experience the same network effect that bitcoin has, which is what gives it value. You can build a better FB or eBay or whatever, but if all your friends are on FB and all the buyers are still on eBay, then your improvements will not necessarily make you coin. Bitcoin has the most users, so it has the most value. If another coin makes a killer improvement, there is nothing stopping bitcoin also adopting it, providing you can all stakeholders to agree.
 
TreasureHunter said:
Does anybody know how one can avoid the long synchronization time needed for wallets?

E.g. when you move your wallet from one computer to another, the new computer still has to go back ages (10+ years sometimes) to synchronize. I don't know whether that "synchronization data" could also be moved.
This happens with Litecoin, Dogecoin, Bitcoin... basically all coins that use these sort of wallets.

Moving the wallet only moves the content and the addresses, but not the whole data.
And it can take 10-60 days to synchronize, depending on the type of coin/internet connection and PC configuration.

Is there a solution?
Click to expand...
There are torrents of the blockchain files that you can download. I spun up a VPS and downloaded a bootstrap file for dogecoin and left it running overnight to reindex. It was caught up by the morning. The bootstrap file was a couple of months old, but still saved heaps of time.

That's for a full node. The easier way is what @dozerz said and use a light wallet.
 
dozerz said:
use a lite wallet that doesnt download the whole blockchain, you should be using a hardware wallet anyway.
Click to expand...

What is a "little wallet"? :D

Any hardware wallet recommendations? Seen countless, not sure which is unreliable and would lose its contents.
 
a lite wallet, doesnt download the full bkockchain, you can also download a bootstrap copy and add it to your wallet to save time if you are using an old dat file, but you should convert these to phrases.

either a trezor or ledger, will support all those coins.
 
dozerz said:
a lite wallet, doesnt download the full bkockchain, you can also download a bootstrap copy and add it to your wallet to save time if you are using an old dat file, but you should convert these to phrases.

either a trezor or ledger, will support all those coins.
Click to expand...

OK - so, would you recommend a "lite wallet" in particular?

The web is full of software, some spying, others unreliable... non of them are made by "official entities". At least when you get a credit card, you know it's made by an institution that you can look up, not "just some guy on the street".

I am lost when looking at these wallets... some physical, others are for phones.
 
@TreasureHunter
just my 2 cents worth of opinion ........... I made modest investments in ADA and DGB about the time this thread started. More recently I bought into ETH. I'm up on my DGB and ETH investments and down on my ADA (but not by much). I'm not complaining I'm looking at putting some fiat into crypto for the long haul. Like my PMs there are times when some past purchases show a loss but as time goes by there are fewer and fewer showing a loss.
 
ok so you arent trying to recover but asking how you manage wallets for these coins? the easiest and most secure way is with a hardware wallet like a trezor or ledger. you will get a 12 word phrase you can use to backup and recover all wallets, instead of having to store a wallet.dat file and download a blockchain.
 
Doge - treat with caution. Lots of people will get burned now. Infinite supply, still minting, little use case other than meme. May make some coin with an Elon shill, but tread warily is all I'd say.

FTM, ONE, possibly REEF, ETH, SC are my picks for longer term holds. And look into HBAR as an outsider.
 
lurking said:
Many coins are genuine but are ultimately solutions in search of a problem.

Most of the innovation ultimately ends up in btc or eth improvements. Problems that say bitcoin cash claimed to solve on bitcoin were not actually problems or were solved with segwit, lightning or liquid.
Click to expand...

Pretty much agree. The market is the way it is now because it is not yet well developed and people are looking at coins as the equivalent of equity. They aren't equity and the reality is there is only really only one store of value that people are going to migrate too. Anything else remaining, even ETH, is going to have utility value only.

They have the prices that they do now because people are speculating as if they were shares. They are totally misunderstanding what it is about. Of course, that misunderstanding allows traders to make a lot of profit in the short-medium term.
 
BCH is doing much better. I think it is undervalued compares to ETH. BCH will be grading to smart BCH.
 
hawkeye1 said:
They have the prices that they do now because people are speculating as if they were shares. They are totally misunderstanding what it is about. Of course, that misunderstanding allows traders to make a lot of profit in the short-medium term.
Click to expand...

It also means that BTC is extremely undervalued at current prices as vast amounts of money that should be flowing into it are going into other coins instead.
 
dont know if this info is of interest to you, but my friends who are in cryptos are going pretty hard into cake now.
they seem tobe into staking on pancakeswap, and they seem tobe doing pretty well off it from what they are saying. https://pancakeswap.finance/pools
apparently cake is doing more transactions than Eth, so maybe potential of this token is good?
 
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