Which coins should starters invest in?

Discussion in 'Digital Currencies' started by TreasureHunter, Apr 11, 2021.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Hi,

    Which coins would you recommend for starters to invest in besides Bitcoin?

    Which do you think have the highest potential for growth?

    Doge was a thing, but it is not so oft-traded and it has no cap and it also has almost no practical use (can't buy almost anything with it, it's not accepted almost anywhere).
     
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If you're buying Doge you might as well buy WIN. Atleast it has a capped mintage.
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    WIN is the same as WINk, right?

    What is it good for? :D

    From what I've read I understood it's some sort of a gaming token-type crypto.

    Something wide-spread and with high potential would be great.

    If, for example, YouTube had a coin, then that would have enormous potential to grow and spread.
     
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    It's a rubbish coin for some gaming website. Got pumped and dumped, but the pump didn't even break 4 cents a coin.

    BitTorrent has a coin. No idea about its potential.
     
  5. Jason1

    Jason1 Well-Known Member

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    Noticed some of my mates who are into cryptos keep talking about cake. Only mention it as it Seems tobe popular and its a fairly new coin, THIS IS NOT financial advice lol im not a crypto person,im just going by observations from conversations around me.
    So cake Maybe worth your time researching?
     
    Last edited: Apr 11, 2021
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  6. DrSilver

    DrSilver Member

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    Prepare for everyone’s favourites to be listed.

    for my 2c I think if there’s a pullback ENJ, MANA and HBAR have genuine long term potential and worth looking into.

    ETH and BTC are a good place to start but both have their own issues - they are the originals and have loyal following, but are limited by their lack of speed, scalability and transfer fees and struggle to do the roles they were intended.
    They may continue to do well based on people’s belief, but could easily be surpassed by newer projects that outperform them.
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    You are recommending "rubbish" for investment?
     
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  8. TreasureHunter

    TreasureHunter Well-Known Member

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    You can give "financial advices", you are not providing it as a service per contract, anyway. I don't see why so many people are saying "this is not financial advice".

    You can simply say your opinion, you have no responsibility, people are just talking anyway.
     
  9. dozerz

    dozerz Well-Known Member Silver Stacker

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    buy a defi coin with utility like aave, link, uni and comp.
     
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  10. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    My preference is XRP. It's never taken longer than a few seconds for me, and the the fees are always very low. If I need BTC to buy something I just swap my XRP for BTC.
     
  11. jcsmrjack

    jcsmrjack Member

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  12. TreasureHunter

    TreasureHunter Well-Known Member

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    And what's XRP good for?
     
  13. dozerz

    dozerz Well-Known Member Silver Stacker

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    price speculation.
     
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  14. alor

    alor Well-Known Member Silver Stacker

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    money in money out may do the trick
    mimo
     
  15. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    The same as any of the other cryptos and what dozerz said "speculation".

    I just have a problem with BTC due to the long delays and high fees, and I picked XRP because it was in the market cap top 10, and at the time looked to be quick and cheap to transfer.
     
  16. TreasureHunter

    TreasureHunter Well-Known Member

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    So it's useless. They're all for that.

    BTC can actually be used for something. DOGE too. Although, little use.

    I think the cheapest newer coins have potential. The ones that have some use.

    Didn't Facebook launch a crypto?

    How about Venezuela's PETRO?

    Any of these available out there? There's very little information (mainly news articles).
     
  17. dozerz

    dozerz Well-Known Member Silver Stacker

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    i dont think we can help you actually, better to just set your money on fire.
     
  18. GOLD1

    GOLD1 Member

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    I bought a few units of BNB (Binance coin) for AUD 20 each a few years ago. Today it is almost AUD 800. That is 40X. I think it will go up further.
     
  19. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Definitely buy a coin(s) with some utility so you can use them and learn the tech. Two I would recommend :-

    HIVE - A blogging/social media platform where you can get educated while learning to use crypto.
    WAX - An EOS clone that is focused on Gaming and NFTs. If you are a gamer in any sense this one is a no brainer.

    Both have very low transaction fees, are readily accessible and microtransactions are a breeze.

    If you're starting with Bitcoin then you're probably just sitting on the exchange you bought it and HODL....you might make money but you won't learn anything.
     
  20. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    This surprises me a bit. You seem quite switched on with many controversial subjects, but XRP is commonly known as the anti-crypto. It's centralized bankster garbage and you'd probably do well to do a bit of research on it.
     
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