What are the best types of coins for beginners to invest in?
For beginners, I recommend starting with well-established cryptocurrencies like Bitcoin and Ethereum. They have a strong market presence.
Are there any stablecoins I should consider?
Yes, stablecoins like USDC and Tether (USDT) are great for beginners as they are pegged to the US dollar, reducing volatility.
What about altcoins? Are they safe?
Altcoins can be riskier, but some like Cardano and Solana have shown potential. It's essential to do thorough research.
How much should I invest as a beginner?
As a beginner, consider starting with a small amount, like $100 to $500, and only invest what you can afford to lose.
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