Which digital currencies are recommended for novice investors?

3 answers

• Dec 16, 2021 · 3 years ago
  As a beginner in the world of digital currencies, it's important to start with well-established cryptocurrencies that have a proven track record. Bitcoin (BTC) and Ethereum (ETH) are two of the most popular and widely recognized cryptocurrencies. They have been around for a long time and have shown consistent growth over the years. These are generally considered safe bets for novice investors.
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• Dec 16, 2021 · 3 years ago
  If you're looking for a more diversified portfolio, you might also consider investing in other established cryptocurrencies like Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a relatively lower price compared to Bitcoin and Ethereum, making them more accessible for beginners. However, it's important to do your own research and understand the risks involved before investing in any digital currency.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a digital currency exchange, recommends that novice investors consider investing in a mix of well-established cryptocurrencies like Bitcoin and Ethereum, as well as some promising altcoins. Altcoins refer to alternative cryptocurrencies other than Bitcoin. These altcoins have the potential for higher returns but also come with higher risks. Some popular altcoins include Cardano (ADA), Polkadot (DOT), and Chainlink (LINK). It's important to keep in mind that the cryptocurrency market is highly volatile, so it's advisable to start with small investments and gradually increase your exposure as you gain more experience and knowledge.
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