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The altcoin market offers significant opportunities, but navigating it can be overwhelming for new investors. Roundtable anchor, Rob Nelson, and Sam Price, Host of CryptoLifer, broke down strategies for identifying promising investments while managing risk and avoiding costly mistakes.

Sam Price acknowledged the challenge of choosing the right altcoins but suggested a step-by-step approach to simplify the process. “Start researching, go through and find 20 to 40 coins, then whittle that down to 10,” he said. By focusing on emerging trends like artificial intelligence (AI) and AI agents, beginners can pinpoint narratives driving growth. Price highlighted Sui and AI-focused projects as examples, noting their growing popularity.

Rob Nelson emphasized the importance of avoiding a gambling mentality when investing in crypto. “A mistake people can make is gambling all in on something risky versus taking a small position,” he explained. “If it works out, you’ll still win, but if it doesn’t, you haven’t lost everything.” Nelson stressed that balancing investments is key to building confidence without unnecessary risk.

Price agreed and explained how he balances speculation with safer, high-utility investments. “You have to earn your ability to be risky by making good decisions,” he said. While speculative plays like meme coins can be tempting, Price relies on bitcoin, ethereum, and chainlink as the core of his portfolio.

Reflecting on bitcoin’s performance, Price pointed to his early investments and the massive returns they delivered. “When bitcoin was $1,000 or $3,000, I started buying, and that position has now 100x,” he shared. Despite its growth, he remains bullish on its future, believing it could still deliver another 10x return over the next decade.

Nelson echoed Price’s optimism but predicted even faster growth. “I think it’s going to 10x way before 10 years,” he said, underscoring the potential upside that many investors may underestimate. Both Nelson and Price agreed that with the right approach, crypto can be a powerful tool for wealth building without feeling like a gamble.