To invest in a cryptocurrency, you need to choose a trading platform (or a wallet).
You need to make sure that your chosen app deals with the cryptocurrencies you want to invest in. We will see in this document what they are. cryptos that are interesting for beginners.
The risk
Whatever cryptocurrencies you are going to invest in, even if they are well-known cryptocurrencies with a Big projectan investment enormousalready used in some way Current etc the the risk will be there nevertheless.
We can even generalize by saying that trading and investing in of stock assets are risky even if you have experience and fairly good portfolio management.
So as a beginner, you need to be very attentive, you need to determine as soon as possible managing your loss latent and/or real (Stop loss/win, DCA for example).
Some cryptos represent a very high risk in the short term. In the long term, the risk will be a little less strong. Investing is easier than trading. This document is about detecting cryptos that may be interesting in the long term. But be careful because this not shopping advice. you have to make yourself your own opinion before making a crypto purchase. This document cannot prevent you from discovering files that may correspond to your investment strategy.
the big cryptos
The best big cryptos in terms of capital they are:
- Bitcoin (BTC)
- Le Tether (USDT)
- Ethereum (ETH)
- Binance Coin (BNB)
- Cardan (ADA)
These cryptocurrencies have a real project with a large community and on the market these assets are traded in large volumes. avoid very strong fluctuations which can be disastrous as in some ALTCOIN that have low trading volumes and capital owned by one or two people.
The cryptocurrencies on this list sometimes cost several tens of thousands of euros. So to own only one it will be necessary to have a large capital. But don’t worry, some brokers offer to buy crypto fractions.
crypto of the moment
“Current” does not mean recent cryptos, but distinguished by market attractiveness or upside potential.
Bitcoin
the Bitcoin is the crypto the best known. It also serves as change in some applications. They are increasingly adopted by applications and serve as currency.
From a stock market perspective, Bitcoin is far from its all-time highs (20K vs. 60K); maybe this is a long-term buying opportunity. To limit your risk, you can spread your purchases (if you want to buy some).
Ethereal
the ethereal it is the second largest crypto in the market as it was launched in 2015. constitutes of digital money and allows to do Payments. Ethereum is also Applications.
At the level of the stock market chart we can see that we are far from record highs (1,300 vs. 4,800). The current price can be an interesting level to start invest by long term.
Chronos
Cronos is primarily a cryptocurrency Useful from the point of view of the application. she can set app sharing and contracts that work with the ethereum et EVM.
Even if the stock chart is scary (0.11 vs. 0.93 at the high), the current level may represent a reinforcement point especially since we are in a graphic support and close to the most historical lows. Be careful not to expose yourself too much if you take it, Cronos has a market capitalization close to 3,000 million dollars.
LiteCoin
Litecoin is an ALT COIN, that is, a cryptocurrency alternative I BTC.
lite is close very long term support. This can be interesting as a buying point, especially as the price looks cyclical (2 big rallies to $400 – see arrows on chart).
Litecoin has a capitalization stock market close to $3 billion.