For beginners: what kind of coins to buy for the short term, medium and long term

Сryptoraon

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As a beginner, it's important to approach cryptocurrency investments with careful consideration. Keep in mind that the cryptocurrency market is highly volatile and can be unpredictable. Here are some guidelines to consider when choosing cryptocurrencies for different investment timeframes:

Short Term (0-6 months):
1. Bitcoin (BTC):

As the most well-known and established cryptocurrency, Bitcoin often sets the tone for the overall market. Its liquidity and market dominance make it a preferred choice for short-term investments.

2. Ethereum (ETH):
Ethereum is a platform that enables the creation of decentralized applications and smart contracts. The upcoming Ethereum 2.0 upgrade and its potential for growth in the short term make it an attractive investment.

3. Binance Coin (BNB):
BNB is the native cryptocurrency of the Binance exchange. It offers various utilities, including discounts on trading fees and participation in token sales, which makes it an interesting short-term investment.

Medium Term (6 months - 2 years):
1. Cardano (ADA):

Cardano is a blockchain platform focused on security, scalability, and sustainability. It has a strong development team and a roadmap for ongoing enhancements, making it a viable medium-term investment option.

2. Chainlink (LINK):
Chainlink is a decentralized oracle network that connects smart contracts with real-world data. It has gained popularity for its potential to bridge the gap between blockchain and external data sources, making it a potential medium-term investment.

3. Polkadot (DOT):
Polkadot is a multi-chain platform that allows different blockchains to interoperate and share information. Its unique architecture and potential for scalability make it an exciting medium-term investment.

Long Term (2 years or more):
1. Bitcoin:

Bitcoin's status as the first and largest cryptocurrency, along with its limited supply and increasing adoption, suggests it will continue to be a strong long-term investment.

2. Ethereum:
With its vibrant community, strong development team, and potential to revolutionize various industries through decentralized applications, Ethereum is a compelling long-term investment option.

3. Cardano:
Cardano's emphasis on academic research, peer-reviewed development, and scalable solutions positions it as a potential long-term investment with promising growth.

Remember, these suggestions are not financial advice, and it's important to conduct your own research and consult with professionals. Diversifying your portfolio by investing in a combination of established cryptocurrencies and promising projects can help mitigate risk. Regularly review your investments and adapt your strategy based on market trends and your own risk tolerance.
 
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