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Other => Beginners & Help => Topic started by: Crypt0Gore on November 03, 2022, 02:23:01 PM



Title: Be careful buying alts that already surged high in past bull market
Post by: Crypt0Gore on November 03, 2022, 02:23:01 PM
Crypto community's favourite altcoins in 2021 bull market might not see their ATH ever again...

I am sure that most are familiar with many old big altcoins in the space, what's worrying is that majority of them never see their old ATH again, it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP

What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: jackg on November 03, 2022, 02:29:14 PM
For a beginners topic, bitcoin is ultimately the best investment you could make because everyone in crypto knows it and most people outside of crypto do so it'd be the first one they turn to to invest (I don't think alts are mentioned in mainstream media without bitcoin being mentioned either).

A lot of alts are in a bit of a run compared with bitcoin too recently so may be a worse long term investment than bitcoin as they've produced a lot of returns already over the past few months.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: mk4 on November 03, 2022, 03:05:10 PM
for example Nano and XRP

One thing's for sure — anything that's trying to dethrone BTC in the currency/SoV category is just going to get toast in the end. A perfect example being NANO — apparently a new coin that was out to kill bitcoin because of the "cheap" fees lol. BTC has simply won this category and is very unlikely to be totally dethroned. Whereas the smartcontract/DEX/lending/etc categories are still battlefields.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: masulum on November 03, 2022, 03:22:52 PM
One thing's for sure — anything that's trying to dethrone BTC in the currency/SoV category is just going to get toast in the end. A perfect example being NANO — apparently a new coin that was out to kill bitcoin because of the "cheap" fees lol. BTC has simply won this category and is very unlikely to be totally dethroned. Whereas the smartcontract/DEX/lending/etc categories are still battlefields.

NANO or old name XRB, this coin actually has a unique concept in its time, where people get NANO from faucets, but to replace BTC is not possible, even any altcoin will not be able to replace the mother of crypto. Although there are more expensive price than BTC price, those who have an important role in crypto will still be controlled by BTC. I believe that.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: mk4 on November 03, 2022, 03:58:13 PM
NANO or old name XRB, this coin actually has a unique concept in its time, where people get NANO from faucets,

BTC still has faucets today as far as I know(but should be a pretty much dead sub-industry), and has had faucets since the early days. Having faucets doesn't necessarily make a certain cryptocurrency unique. It's just that the currency/SoV category is pretty much almost decided already.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: bitmover on November 03, 2022, 04:27:15 PM
I am sure that most are familiar with many old big altcoins in the space, what's worrying is that majority of them never see their old ATH again, it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP

What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.

Xrp ath was in 2018. Whoever is waiting for a new ath is already waiting for long...

Personally, i have trades and hold many altcoins in the past. I can say it was not worth for me. If I had since my day one in crypto bought 100% bitcoin and holded I might had more money now.

Maybe other people have more luck than me    but I belive altcoins with small marketcap is mostly gambling.

Now, I hold about 85% bitcoin and 15% ethereum


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: cryptoaddictchie on November 03, 2022, 05:01:03 PM
What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.
Bitcoin is the lead so eventually every bull run expect this to outperformed its previous ATH it never failed so definitely it will happen again. We cant say for sure that tokens cant come back ot even surpass their ATH. The basis for this is depend too on the project itself and the adoption to cryptocommunity. Eth bnb and who knows other rising L1 could have their gamechange as well.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: Dunamisx on November 03, 2022, 05:05:03 PM
Crypto community's favourite altcoins in 2021 bull market might not see their ATH ever again...

There's no doubt about that, it has been happening before and that is one of the things i hate about the ideology with alts, most time they got pumped just to attract traffic to buy and pull out at once to go down and everyone investing ran on loss with their shitcoin.

it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP

Regardless of what coin they are being identified with, they will always stand on the probability of messing up one day, if you think you can't go for the risk in its higher level, then remain low, steady and normal together with bitcoin and mostly beginners should learn if nothing but this.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: BIT-BENDER on November 03, 2022, 05:50:57 PM
Why the categorization? My advice would be to be careful buying any Altcoin in general, never feel too safe in crypto-currency. Although I think the more established Altcoin are more safe than those Altcoin wanting to rise.

Altcoin is a market of risk, and the more you interested the market the more exposed you are to those risk, their are many altcoins right now and that's not the end of it, more are would still be brought in, and if I want to take my chances I rather take them on established coins.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: Rengga Jati on November 03, 2022, 10:43:02 PM
What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.
This is the answer to various questions regarding "what crypto to invest".
Because we know very well how the characteristics of altcoins in general, namely: hype - ATH - Dump - are left by the community. It's rare for altcoins to survive and advance beyond ATH before, if any, it's very few.

That's why I agree with you, Bitcoin is a top priority for investing in the crypto industry, especially since this is a bearish market, where it is very suitable to invest in Bitcoin (whether with DCA or not). Followed by ETH and BNB, these two altcoins are indeed the most trusted and especially supported by a fairly strong team and developers, as well as a solid community. Indeed, on the other hand, there are some altcoins that might be hidden gems, but rather than not being so convincing, it is better to avoid them especially if our prospects are long-term.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: Oceat on November 03, 2022, 11:58:39 PM
Why the categorization? My advice would be to be careful buying any Altcoin in general, never feel too safe in crypto-currency. Although I think the more established Altcoin are more safe than those Altcoin wanting to rise.

Altcoin is a market of risk, and the more you interested the market the more exposed you are to those risk, their are many altcoins right now and that's not the end of it, more are would still be brought in, and if I want to take my chances I rather take them on established coins.
I suggest a better research if someone wants to invest on altcoins and look at their price history since not every altcoin stay here that long some of them are just started. Taking their chances that they might pump and it did happen but most investors took a chance of it and started to dump that's why most of them didn't last or pump afterwards.

There are worthy altcoins out there if they knew where to find it that has history of potential to grow just like how ETH grow. But for newbies it's always safer to just invest in Bitcoin rather on altcoins.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: libert19 on November 04, 2022, 02:04:03 AM
Read an article a while back, coins have limited fuel once it's extinguished, you can't expect much from it. Hype usually lasts for first year or two until first set roadmap things are achieved, after that it's downward show.

Imo it's ok to invest in alts, just don't get too attached to them. After a while, rotate the profits to BTC. I have blown away lot of money by forever holding on to alts.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: 1miau on November 04, 2022, 03:15:14 AM
I am sure that most are familiar with many old big altcoins in the space, what's worrying is that majority of them never see their old ATH again, it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP
Very true, you can look up in historical Coinmarketcap (https://coinmarketcap.com/historical/) which coins have been famous in 2017 / 2018 and almost all of them have lost compared to BTC.
Most of them even haven't seen their old All-Time-High again, which is a strong sign of decline...

Such coins will fade quickly when the promises made by Altcoin developers are exposed because such coins simply don't deliever.
Some would say: such Altcoins are just hot air.
And it's accurate to say so...


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: traderethereum on November 04, 2022, 04:13:36 AM
Most altcoins that have experienced previous ATH may not be able to reach the old ATH again because their position may change in the next ATH.
But I think those altcoins still have a chance to get new ATH again in the next altcoin season, although maybe new altcoins or new tokens have more chances.
So the position to see new ATH in altcoins will always change and that's why we have to be careful to see which altcoins have the potential to increase again.
But if you are hesitant to choose an altcoin, you should invest only in BTC to avoid choosing the wrong altcoin so that you can get a bigger profit from ATH from BTC.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: electronicash on November 04, 2022, 04:28:25 AM

like the MATIC right now?
i think MATIC has good potential. it partnered with amazon recently that is why its jumping high. but i might have to wait a little to buy some of it. i only have few hundreds to invest it could just remain BTC or MATIC.  altcoins are rising though so this is a good indicator for the crypto bullrun.

 


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: pooya87 on November 04, 2022, 04:32:40 AM
Altcoins have a characteristic that I'd like to call pumpability. There are many factors affecting it, some of which are:
* Age: newer altcoins are easier to pump compared to older ones
* Number of previous pumps: an altcoin that was pumped many times will have a much harder time being pumped again
* Previous pump sizes: an altcoin that had a massive pump (like the ones in 2017) will never have any major pump ever again (eg. ETH)
* Hype: we all know that pumps work based on hyping up the gamblers participating in the pump and dump altcoin market, so any coin that can advertise the coin better and hype it up can get better pumps.
* Market size: it is always easier to have a huge pump in a small altcoin compared to a bigger one. For example it is easier to do a 100x pump of an altcoin worth 10 satoshi compared to another altcoin worth 0.01BTC.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: masulum on November 04, 2022, 03:32:47 PM
BTC still has faucets today as far as I know(but should be a pretty much dead sub-industry), and has had faucets since the early days. Having faucets doesn't necessarily make a certain cryptocurrency unique. It's just that the currency/SoV category is pretty much almost decided already.

I say unique not because of the features or technology from XRB, but in how to get it. I think XRB at that time gave a more satisfying reward than other faucets with a simpler task than other faucets that had to skip several ads to get it and it was less fun. to be honest, at that time I focused on earning not for holding, so I only focused on XRB because it gave rewards faster than BTC faucets.  ;D


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: Findingnemo on November 04, 2022, 03:58:54 PM
Crypto community's favourite altcoins in 2021 bull market might not see their ATH ever again...

I am sure that most are familiar with many old big altcoins in the space, what's worrying is that majority of them never see their old ATH again, it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP

What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.
Even ethereum didn't perform well like bitcoin in the past peak season so most of us are going to agree with statment BTC is the ultimate investment for everyone. But people will never change until they learn this with their own experience so just let it be cause everyone choose their own way of learning but smart people learn from others mistakes.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: ultrloa on November 04, 2022, 10:14:37 PM
Crypto community's favourite altcoins in 2021 bull market might not see their ATH ever again...

I am sure that most are familiar with many old big altcoins in the space, what's worrying is that majority of them never see their old ATH again, it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP

What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.

You might not really see them having their own bull runs if their volume got drained already and the devs working on it abandon those token so we need to be careful on thinking that low cap tokens can give us wealth since its really dangerous to acquire them since for sure there are other holders who get trap which didn't sell because that token doesn't have volume will dump all they have if they see someone buying it for another round.

So stick on top alts which got huge volume since they are most likely will get huge demand once bitcoin bull run will also happen.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: 1miau on November 05, 2022, 01:11:06 AM
So stick on top alts which got huge volume since they are most likely will get huge demand once bitcoin bull run will also happen.
Even top Altcoins are somewhat risky in my opinion.
We just need to look at which coins have been "top Altcoins" in 2017 / 2018.
Let's have a look at CoinMarketCap historical snapshot form January 4, 2018:

https://i.imgur.com/buD2VZ7.png
https://coinmarketcap.com/historical/20180204/

Most likely, NEO (7), EOS (9), IOTA (10) or NEM (11) have been considered "top Altcoins" back then.
Where are they now?

NEO:  80
EOS: 51
IOTA: 67
NEM: 119


And regarding today's top Altcoins like Solana, Polkadot or Polygon, I'm not sure about their future.
High possibility to see Solana, Polkadot or Polygon going a similar way like EOS, NEO, IOTA or NEM: getting devalued massively...


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: Issa56 on November 05, 2022, 03:00:51 AM
Crypto community's favourite altcoins in 2021 bull market might not see their ATH ever again...

I am sure that most are familiar with many old big altcoins in the space, what's worrying is that majority of them never see their old ATH again, it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP

What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.
I think most people are making the mistake of bagging more altcoins instead of bitcoin, since they saw some altcoins All time high price in the last bull run and they see the current price in the bear market, they believe it's better for them to bag altcoins because when the bull run is going to start, those coins price will bounce back to their All time high price, which some might even pass that, but must of them are wrong, instead of focusing on altcoins which your investment are not really safe, why don't you just invest on bitcoin that you are sure that if bull run start, the price will hit and pass the formal all time high and you will have rest of mind because you investment is safe.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: ice18 on November 05, 2022, 04:29:12 AM
I agree on you on bitcoin its proven and no doubt, but there are new altcoins almost everyday on the market some are backed by huge VCs they are new on the market but the market cap is overwhelming since they are backed by big investors. Most old alts like this one reached new ATH last bulllrun surpassing old ATH from 2017 bull market so Im expecting again on the next run, not a financial advise of course but I think the next bull run will be much bigger compared to last, well lets see which alts will dominate again.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: passwordnow on November 05, 2022, 07:57:35 AM
Crypto community's favourite altcoins in 2021 bull market might not see their ATH ever again...

I am sure that most are familiar with many old big altcoins in the space, what's worrying is that majority of them never see their old ATH again, it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP

What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.
Another example is the fork of bitcoin, bitcoin cash and from this fork, another fork has been made, the Bitcoin SV. As we can see, most of these forks are about to be dead and the same goes for too many altcoins that have been present during the bull run and reached all time high.
Investors are going to consolidate their trust with a few of them that shall remain but mostly into bitcoin. BTC is the top choice and it will never get old, even there have been talks about how outdated it is but the seal that it has can't be removed easily.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: uchegod-21 on November 05, 2022, 09:11:19 PM
Crypto community's favourite altcoins in 2021 bull market might not see their ATH ever again...

I am sure that most are familiar with many old big altcoins in the space, what's worrying is that majority of them never see their old ATH again, it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP

What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.
I think most people are making the mistake of bagging more altcoins instead of bitcoin, since they saw some altcoins All time high price in the last bull run and they see the current price in the bear market, they believe it's better for them to bag altcoins because when the bull run is going to start, those coins price will bounce back to their All time high price, which some might even pass that, but must of them are wrong, instead of focusing on altcoins which your investment are not really safe, why don't you just invest on bitcoin that you are sure that if bull run start, the price will hit and pass the formal all time high and you will have rest of mind because you investment is safe.

Everyone investing in altcoins know that they are gambling with their investment. They are their for high ROI which is very possible. The lucky ones who found good projects in the early stage have become millionaires with time. It is so dependent on what you want and how level of risk taking. Everyone cannot like Bitcoin. There are some altcoins fans too and some bitcoin fans are also into alcoins and vice versa. Buying bitcoin doesn't mean you shouldn't try other good altcoins.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: Crypt0Gore on January 09, 2023, 06:39:10 AM
Most investors have come to understand that the newer projects will always give better return of investment compare to old champions on top 10, as time goes on they will lose their juice and investors will start losing interest.

Solana has witnessed be the biggest blow and only God knows if this project will retain its position in coming bull market, this could actually be the end for this altcoin but who knows.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: bounceback on January 10, 2023, 02:43:04 PM
Crypto community's favourite altcoins in 2021 bull market might not see their ATH ever again...

Yes, indeed many of them may never get ATH again in the next bull market because if we look at this time there are thousands of new altcoins on the market that use more sophisticated technology than their predecessor altcoins, so investors are not too interested in investing in old altcoins, but I optimistic that ETH, BNB and LTC will get ATH again because these three coins have strong fundamentals.

What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.

No one doubts bitcoin because everyone is aware that bitcoin is the king of all coins and the only investment capable of providing greater returns especially for long term holders.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: Plaguedeath on January 10, 2023, 02:51:47 PM
Actually during bear market everyone must not buy shitcoins if they're trying to hold it until Bitcoin make new ATH, it's true shitcoins might make more money since the market cap is low and it's easy to pump the price, but there's a chance if the shitcoins will become dead coins since no one is interested with the coins or the developer turn become a scammer. Just buy shitcoins to trade in short term period to avoid possible huge losses in the future.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: pooya87 on January 11, 2023, 05:29:35 AM
Yes, indeed many of them may never get ATH again in the next bull market because if we look at this time there are thousands of new altcoins on the market that use more sophisticated technology than their predecessor altcoins, so investors are not too interested in investing in old altcoins, but I optimistic that ETH, BNB and LTC will get ATH again because these three coins have strong fundamentals.
Based on the history we already know that altcoins will never reach their ATH (peak price when they were super pumped) ever again. There is no exception to this rule either which means shitcoins like ETH, BNB, LTC, etc. that you mentioned will also never reach their ATH prices ever again.
Just look at the history, a shitcoin like ETH was once worth about 0.15BTC and today after 6 years it is half that value and has not been capable of regaining that ATH despite all the pumps that the centralized authorities have attempted so far.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: Cryptocrunch.io on January 11, 2023, 05:37:09 AM
Bitcoin is the future. Like someone had stated earlier, the only reason these alt's have been pumping is due to BTC's fluctuation, I believe it'll reach extravagant new highs but as far as the other alts and lower cap coins I would not think that's the case.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: GigaBit on January 11, 2023, 06:31:31 AM
Crypto community's favourite altcoins in 2021 bull market might not see their ATH ever again...

I am sure that most are familiar with many old big altcoins in the space, what's worrying is that majority of them never see their old ATH again, it's possible that many new altcoins that did so well in 2021 might not see their ATH anymore, for example Nano and XRP

What if I tell you that BTC is the answer? The only project that always surpass it's old ATH every bull market, we have few others too like Ethereum and BNB but BTC is just the first on my list.
According to data from coinmarketcap.com there are currently 22,251 coins added in the crypto currency market and every year a large number of new cons add to the market. Among these altcoins, not all altcoins can survive in the market. There are many altcoins that do not exist and some that are suffering from existence crisis. Especially due to the long bearishness of the market, many alt coins are dying forever without being able to survive in the market. Some altcoins that were well positioned in the bull market in 2021 but now down almost 99 percent or more with almost no trading volume. So what investors should do is to invest in coins that have a strong basement by looking at the coinmarketcap. Even if the market is bearish, they will revive. Considering all this Bitcoin is the best investment ‍assets and after that Ether, BNB and Metic would be better as the altcons investment assets.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: KiaKia on January 11, 2023, 06:34:01 AM
Yes, indeed many of them may never get ATH again in the next bull market because if we look at this time there are thousands of new altcoins on the market that use more sophisticated technology than their predecessor altcoins, so investors are not too interested in investing in old altcoins, but I optimistic that ETH, BNB and LTC will get ATH again because these three coins have strong fundamentals.
Based on the history we already know that altcoins will never reach their ATH (peak price when they were super pumped) ever again. There is no exception to this rule either which means shitcoins like ETH, BNB, LTC, etc. that you mentioned will also never reach their ATH prices ever again.
Just look at the history, a shitcoin like ETH was once worth about 0.15BTC and today after 6 years it is half that value and has not been capable of regaining that ATH despite all the pumps that the centralized authorities have attempted so far.
Is this right? You are using ETH - BTC while we know that ETH reached a new ATH in 2021 of 4,600$, it feels more right to use ETH/USD not ETH/BTC.


Title: Re: Be careful buying alts that already surged high in past bull market
Post by: Obari on January 11, 2023, 09:40:55 PM
Even without been told, one should know that cryptocurrency business is a very risky one and being inside such field is already a green light to accepting all the challenges it also comes with
Bitcoin which we all know and aso see as the king of crypto also goes through alot and nothing is gauranteed.
So I always assumes that for anyone going into altcoins should already be aware of the high risk involved.
I personally don't involve myself with shit coins or altcoins and I prefer to stick with Bitcoin and Ethereum.