Which cryptocurrencies should beginners avoid when building their investment portfolio?

3 answers

• Dec 25, 2021 · 3 years ago
  As a Google SEO expert, I would recommend beginners to avoid investing in highly volatile cryptocurrencies. These cryptocurrencies often experience significant price fluctuations, which can be overwhelming for beginners. It's better to start with more stable and established cryptocurrencies like Bitcoin and Ethereum. They have a longer track record and are less likely to experience extreme price swings. Remember, investing in cryptocurrencies is risky, so it's important to do thorough research before making any investment decisions.
  538269
• Dec 25, 2021 · 3 years ago
  Well, if you're a beginner in the world of cryptocurrencies, I'd suggest staying away from lesser-known altcoins. These coins often lack liquidity and have a higher risk of being manipulated. Stick to the top cryptocurrencies that have a strong community and are widely accepted. It's also important to avoid investing in cryptocurrencies that promise unrealistic returns or are associated with suspicious projects. Always do your due diligence and invest in projects that have a solid foundation and a clear roadmap.
  517173
• Dec 25, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, beginners should avoid investing in cryptocurrencies that have a history of security breaches or hacks. These cryptocurrencies may have vulnerabilities that could put your investment at risk. It's important to choose cryptocurrencies that have a strong focus on security and have implemented robust measures to protect users' funds. Additionally, beginners should be cautious of investing in cryptocurrencies that have a small market capitalization and low trading volume. These cryptocurrencies may be more susceptible to price manipulation and have a higher risk of illiquidity.
  635159