With how volatile and narrative-driven the broader market can be, I sometimes wonder if beginners are better off focusing only on BTC. It’s more liquid, better understood, and tends to behave more predictably than most alts.
Alts can offer higher upside, but they also come with much higher risk and complexity. For someone still learning how the market moves, does it make more sense to start with BTC and branch out later, or do you think early exposure to alts is part of the learning process?
Should beginners just stick with BTC?
byu/theridingghost inCryptoMarkets
Posted by theridingghost
12 Comments
beginner just mean fragile emotions and higher risk for panic selling if it dips, so it’s up to you how you judge yourself, ask yourself “will I be chill if it dips 90%” do I have that patience to hold blindly for 4 years etc
Edit: I just noticed that’s what you said, I admit I didnt read the whole thing first, but ye exactly
Beginners should go slow.. A “large” initial investment is more of a “gamble”. You would be better off picking 1-3 main coins (Say BTC, ETH, and either XRP or SOL) and throwing $10 into each of them.
Then pick say 2 other “alts” (can also be main coins if you only picked 1 to start from the prior step) to bring your total to 3-5 coins .. only throw $5 in these ones.
This should give you a general feel of how things work. You can slowly add more over a longer period dollar cost averaging to make things less volatile, if you choose coins that offer staking yields you can transfer part of your earnings out into a stable coin for more of an online fiat holding.
No. Because the market moves however it pleases, you don’t learn how it moves because it can go up or down with no true or good reason. Look at the past few months, I was told the halving and Trump were going to shoot it up to 500k, where is that now?
Don’t learn how the market works, learn BTC how and why it was created, how it operates, use critical thinking on how it is better than the traditional method and then you move your research on what alts are for and how they are superior than Bitcoin, then you will finally understand why “studying” the market is ridiculous, or atleast get closer
Despite what you’ll read on Reddit, most alts are likely going to be pretty shit investments long term. That doesn’t mean you can’t make money on them in the short or long term, but it’s simply a higher risk, higher reward venture. If you are determined to explore anything beyond BTC, I personally like ETH and SOL. Everyone will have different opinions on alts. BTC itself is volatile and carries risk, particularly if you are investing for the short term. If you are investing for long term, I’d suggest starting with a small amount of buying a little bit at a time. See if you have the risk tolerance to stomach the volatility. And, importantly, do a bit of research and determine if you truly believe in BTC as a long-term asset class with potential to appreciate.
Beginners should understand the purpose of crypto and not buy any currency for price fluctuations.
If you are not using crypto for payments, you are literally gambling on future price.
tl;dr YES
fundamentally, BTC matters most for now
technically, BTC follows TA the best, just choose a few indicators that you want to learn, backtest it to at least 2021, you will find that it behaves / follows many of the common indicators principles
also given that altcoins are in deep sh1t right now post 10 Oct, there’s basically no +EV in trading them unless you’re really seasoned.
maybe you can share more on some basic strats you plan to use, whether you’re trading with leverage or spot only, what’s the timeframe you intend to trade with?
for most beginners, yes. btc will teach you patience and risk discipline. alts make more sense once someone understands volatility without reacting to it.
“Do your research” before entering the crypto world. BTC is great to get your beak wet but you need to hold for years.
yes
No go to xrp btc is old
Everyone should just stick with Bitcoin.
If they like to keep money, yes