You already know how much to invest and understand your risk profile
Now comes the question everyone loves
Which cryptocurrencies should I pick to get started?
In this article, I’ll give you a simple method to choose your first 3 to 5 coins
Step 1: Start with Bitcoin, no doubt about it!! 😡
Bitcoin is the oldest, safest, and most decentralized cryptocurrency
If the entire market collapses, Bitcoin would be the last to fall
If you can only buy one coin, make it Bitcoin
There’s no serious portfolio without Bitcoin
Step 2: Add Ethereum as your second option
Ethereum is the most used platform for decentralized applications
Its network has hundreds of projects built on top
If Bitcoin is the digital gold, Ethereum is the digital oil
With just Bitcoin and Ethereum, you already have a solid base
Step 3: The third coin depends on your profile
If you're conservative, add a stablecoin like USDT, USDC, or DAI
Stablecoins don't go up or down in price
They serve to protect your gains or to buy in dips
If you're moderate, add BNB or Solana
Both have a lot of liquidity and real applications
If you're aggressive, you can research newer projects with high risk and high return
But only a small percentage of your portfolio
Step 4: Criteria for choosing the next coins
The same criteria apply for the fourth and fifth coins
Criterion 1: Market capitalization
Large coins have less risk than smaller ones
Bitcoin and Ethereum are the biggest players
BNB, Solana, XRP, Cardano, Dogecoin are in the second tier
Criterion 2: Liquidity
You can buy and sell easily without moving the price much
On Binance, pairs with USDT have high liquidity
Criterion 3: Age
A project that has survived several years has more trust
Projects under a year are much riskier
Criterion 4: Visible team
The creators have known names and present themselves publicly
If the team is anonymous, be wary
Criterion 5: Active community
Has social media with real followers, not bots
Has forums where improvements are discussed
Example of a portfolio for beginners with 100 dollars
Conservative option
Bitcoin, 50 dollars
Ethereum, 30 dollars
USDT, 20 dollars
Moderate option
Bitcoin, 50 dollars
Ethereum, 30 dollars
BNB or Solana, 20 dollars
Aggressive option
Bitcoin, 40 dollars
Ethereum, 30 dollars
BNB, 15 dollars
A high-risk project, 15 dollars
Which coins to avoid at the start? ☺️☺️☺️
Avoid coins newly launched in the last 3 months
Avoid coins with guaranteed profit promises
Avoid coins you don't understand or know what they're for
Avoid coins with very low trading volume
Avoid coins that only exist on a small exchange
The bigger and more known the coin, the less risk of scam.😉
You don't need 20 coins to diversify
With 3 or 4 well-chosen coins, you're already diversified
More coins don't mean less risk
Means more things to watch and more fees
Excessive diversification is for large investment funds
For you, with 100 or 500 dollars, 3 or 4 coins is perfect
How to research a coin before buying it?
Step 1: Go to CoinGecko or CoinMarketCap and look for the coin
Step 2: Check its market capitalization; the higher, the better
Step 3: Check its 24-hour volume; the higher, the better
Step 4: Check its age, how long it has existed
Step 5: Read its website and whitepaper, no more than 10 minutes
Step 6: Look for opinions but be cautious of those promising easy riches
Practical example with BNB
Search for BNB on CoinGecko
High capitalization, among the top 5
High volume, millions of dollars every day
Age: since 2017, over 8 years
Known team, Binance, the company behind
Conclusion: it's a solid option for your portfolio
Common mistake: buying what's trendy
You see a coin that went up 200 percent in a week
Buying without researching
Result: buy at the top and then it drops
Instead of following trends, build a boring portfolio
Boring portfolios with Bitcoin and Ethereum are the ones that win the most in the long run
Final advice
Don't rush to fill your portfolio
First, buy Bitcoin and Ethereum
Trade them, feel them, learn how they move
After a few months, add a third coin
Patience is your best ally
Your portfolio isn't built in a day; it takes time
One-liner summary
Bitcoin first, Ethereum next, and the rest only when you know what you're doing
Do you already have your first cryptos or are you still choosing?
Share your thoughts in the comments
If you liked it, give it a like and share
"You don't need to be rich to start; you just need to start to stop being poor"
All your contributions, ideas, and observations are important; they are taken into account and stimulate new articles. Regards, Success, and Blessings, Randall1762.
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