altcoin talk - newbie top 5 altcoin questions & answers

top 5 altcoin questions & answers
What are altcoins?
What is a good altcoin?
Which altcoins are the best?
Is it risky to trade altcoins?
How much do you need to invest in altcoins?

What are altcoins?
Any coin that is not Bitcoin is known as an altcoin.

What is a good altcoin?
If the crypto technology has potential
& a solid community & it has active developers...
Then the coin has a chance of increasing popularity,
which in turn increases the price & your profits.

How do I know which altcoins are best?
https://coinmarketcap.com/
coinmarketcap is a list of almost all the coins in circulation
Lists all coins by market cap...
The market capitalization of an altcoin is the total value of all its coins
The top coins on the list are the best.

TIP: Coinmarket cap also has a handy archive so you can check a coins old history
http://coinmarketcap.com/historical/

Is it risky to trade altcoins?
Yes, it is a risky activity.

The cryptocurrency world moves fast and furious... altcoin(s) are very volatile and can increase in value 100%+ in 1 day or die and disappear over night

How much do I need in order to invest in altcoins?
if you only have a small amount, start with a small amount.
never invest more than you can afford to lose, that is the key
because nothing guaranteed in crypto world

IMO, if you can hold altcoin long term, any 'good' altcoin ...
Your investment 'should' be profitable, it's just a matter of time.

It has been said, over and over, the longer you hold the more you make!

Even very experienced traders will often go through losses
So do not expect to profit from every crypto investment you make

With that being said, you never really 'lose' anything ...
even when the price is less than you paid ... unless you sell at a loss.

hold hold hold. :)

Your thoughts?