Bitcoin Forum

I am not an altcoin fan but lately, I have spent some time on the alternative cryptocurrency board and I have seen a lot of topics bordering around whether or not to buy some coins and this makes me wonder why altcoins investors are full of uncertainty and always wanting to know the opinion of others before they invest.

Is there any other reason for this other that the high risk and high volatility of altcoins compared to bitcoin?

Are they asking because they know there are special skills in altcoin analyses or some people are good at picking g g the right coin to invest in?

Being a high risk alone is already enough to become skeptical on any thing especially on investment. Also statistically wise, Almost the majority of altcoin is useless or turn into scam and only few has real use case that can generate profit for project sustainability.

It’s not bad to invest in altcoin if you knew what you are entering. I believe the reason behind why most people suggest to invest only on Bitcoin here is because this is Bitcointalk and people preferred Bitcoin due to its feature.

That probably came from all the negative stuff that happened with projects. With all the rug-pulls, unexpected liquidation of assets, hacking, etc., surrounding altcoin projects. Especially in this forum, a lot of people, or a majority of people, are more into BTC here rather than altcoins; that's why you have seen that fewer people want to invest in different types of projects.

Maybe this is the reason, since we are in bitcointalk and most people here just like bitcoin, they are bitcoinists, so we won't see too much altcoins advice here. Honestly, I've joined a few local investment groups on social media, and I've found that most of the people invest mainly in altcoins. Very few people invest in bitcoin because they think altcoins will make them rich faster than bitcoin. And they are all willing to take the risk to invest in altcoins, and during the bull season of 2021, many people got rich quickly by investing in memes, altcoins.

It's because regardless of the number of altcoins out there in the market, the really good/proper projects are in the absolute minority. Even in rare instances of altcoins doing well, they end up dying later on and not really progressing much.

There are also a LOT of questions around it since there are a LOT of coins out there that come and go quickly. Naturally people new to the scene would probably ask around, though in the end most of the recommendations they get just end them up to investing in the top 100 altcoins or so.

They are full of uncertainty because Altcoins are risky enough to sit somewhere close to the gambling kind of risk.  Altcoins are known to be especially volatile and most of them fall out and die.  By investing in one, you are choosing between investing in things that have a slight chance of success, a generally high rate of failure and scams and if you get to be lucky enough to invest in something with actual value that will turn big in years, consider yourself one of the very very few very lucky ones.

Many such projects destroyed lives.  LUNA is the most recent example I think.  Even Bitcoin is a risky investment.  Altcoins are worse.

-
Regards,
PrivacyG

You can't blame people the majority of investors lose money on altcoins that they think are good and with potential they don't want to repeat the same mistake, so they validate their opinions about coins/tokens that they want to invest, I sometimes do it, ask my fellow investors if my analysis and feelings are correct.

One of these is the behavior of the developers, they stop the project, and they failed to continue the roadmap and upgrade the platform because they already got the money and they don't want to invest in marketing and upgrading their platform

There's no such thing as perfect investors, investors are on a hit-and-miss, not all of the coins/tokens they've invested are profitable, and sometimes they got even, or lose when the majority of their coins are crashing.

The rate that altcoins or tokens that truly have a practical benefit to the user and a utility are extremely low compared to the one who does not. Finding or analysing altcoins is like separating the wheat from the chaff. One also requires distinguishing between a project who is short-lived and another one that has the potency to grow.

There isn't any special skill required to play around within the altcoin market, although skin in the game helps. In the basic senses, common sense plays a lot. For example, the current hype is AI. We know that there are many companies that achieve significant progress without the necessity or prerequisite need of a blockchain or token or coin, so, when there is a crypto that intersects with AI, we know that the project is very likely a shady one.

Personally, I see that the reason is short-term investment due to greed. You see that bitcoin rises by 5%, but some alternative currencies by 30%, so you are tempted to invest and buy more bitcoin for free.
On the other hand, developers of altcoins print these coins in hopes of buying bitcoin or converting it into cash.
Therefore, the feeling of greed is temporary, and you need people to tell you that you are right and that you will make quick investments.

That's because they want to know what coins they can invest in altcoins that people have chosen. Maybe they have a hard time choosing their coins, even if they are at the top of the coin list so they feel the need to ask someone else.

Or maybe people are investing in altcoins out of curiosity and limited capital they want to use to invest in crypto. So they choose altcoins, especially low priced altcoins as their investment. But if they are not careful in choosing their altcoins, they will not be able to benefit later.

Altcoins are in short a risky investment compared to bitcoin.

Picking coins that can perform, well I am yet to see someone who can do that perfectly or near-perfectly, because in reality it is a gamble to pick them. Newly launched altcoins should be observed for a period of at least two years to make the decision of investing. In most cases they will flop before this period.

It is correct to be skeptical about these projects because their products are often non-existant and they lack marketing making capability. With sudden changes in management and silence about development, investors have all the right to be judgemental.

As you have said, high risk, high rewards, and it's more of a gambling so people are willing to take that risk in some obscure projects. And others love that, the uncertainty, but for us who have been in the market already, seen one full cycle, it's enough to say that we don't like that kind of volatility and risk.

But don't get me wrong, or at least those who live this strategy, that's your money and you can invest it to projects that you believed will give you x100 or higher if that is your target. But personally, I would rather stick to more reliable and solid projects.

You mean the reason there are people who choose altcoins? If yes, then the answer is yes, people who choose to invest in altcoins because mainly altcoins have a pretty good price increase potential (because usually the MC in altcoins is far from the Bitcoin MC itself).


That's right, people on altcoin discussion boards ask about certain altcoins because altcoins have a different method of analysis than Bitcoin, in particular, things include the technology in that altcoin, the ecosystem, as well as general things like adoption and good news about the altcoin.

They are not afraid with the altcoins, probably they are not confident with their investment decision and that’s why they are asking for some insights with their possible decisions to make. Altcoins are very volatile same as Bitcoin, there’s a risk and many are afraid to lose money. I’m also skeptical with Altcoins especially with the new project, just do your due diligence before investing and make sure you are dealing with good projects.

This is not a completely correct statement. Large capital invests in new coins at the seed round when the coin price is minimal. But before investing in a new project, the investor conducts a comprehensive assessment of the startup and the amount of potential profit that this investment can bring.

Given the condition of a higher risk when compared to bitcoin, it is certain that many people are not too sure about altcoins, especially when it is easy to make several projects that are only for personal gain and end up being useless coins or tokens. reasonable I think.
But that doesn't mean that there aren't any decent coins for altcoins, it's just that if you choose certainty, it's certain that bitcoin is the main place that makes altcoins not pay attention to some people.

Yes, there are a lot of Bitcoin maximalists here, and that's why there are so many people who have negative views about altcoins. However, Bitcoin maximalists have rational reasons to become Bitcoin maximalists. One of them can easily be seen by looking at the historical page of Coinmarketcap (https://coinmarketcap.com/historical/). In my opinion, people who do not have enough experience should definitely stay away from altcoins.

The risk are higher with the altcoins since cryptomarket depended on Bitcoin and with the altcoins you might encounter a scam project which i think is very possible. Altcoins are also more prone to hacked, that’s why many are afraid to invest at first which as an investment most of them prefer to have an assurance that Bitcoin can give despite of the volatility. If you are not sure about where to invest in altcoins, Bitcoin is the best option for you. There’s also a good opportunity in Altcoins, just do your best to spot the good project.

No special skills but are the same as the traders who can read the charts for every coin they choose. What's risky in altcoin is that they're highly volatile and yes, more volatile with bitcoin because the uncertainty there is higher because many of them are just being launched and don't have enough history to be considered. It's more luck than skills when there are folks that have made tremendous money there. I've done it myself but I'm no genius nor expert, it just so happens that I've got lucky.

As we have seen, a lot of alts turned to be a scam, a pump and dump, a haven for most fraudsters.
Very few alts made it to the top 20 which survive long enough, consider that there are thousands of them.
So you can see the percentage of successful alts is really very small. It means, most of them are not trustworthy.
This is the reason why most investors go back to top 5 coins or only to btc. Because they know, it will still be there when they wake up the next day.
Most alts can easily go down the drain without a warning, especially if the dev team decided to cash out and leave.

I don't know if you familiar with the common pump and dump characteristics of these most altcoins since this is the very reason why many investors always have a doubt. Even if a person did some research they would still want to hear others opinion on altcoins through their experience before they have to fully commit on investing.

I, myself, will do the same if I'm not sure if whether I should invest in altcoins or not because they are too risky than investing on the one that you already know. And not to mention the history of these altcoins although some of them are dead or isn't worthy anymore from going to thousands to cent in price. No wonder investors will be skeptical about it.

it's just because it have more risk of losing your money, I think skeptical is necessity in investing in altcoins after all there are quite literally thousands of altcoins being created and many of them just either outright failure or scams.
that's why being skeptical could save you from losing your money, even it's always recommended to make proper research in regard of the altcoin before you even investing a dime, just because you don't want to lose your money.

Many investors are skeptical about altcoins because there are lots of scams and fraud lurking around the altcoin area of cryptocurrency.  If you are new in the industry, you can find news about scams and rugpulls of fraud project everywhere.  Many altcoin developers are just in to milk money from unsuspecting investors.  So investors tend to ask the opinion of other people to make sure that he is no investing in a fraud or scam project.


They are asking to confirm their suspicion or at least have some thought on the altcoin venture the investor is going to take.  Besides, if the investor is new in the industry, it is always wise to ask people who are around the industry for so long.

Altcoins have limited utilities unlike with the top coins of this industry such as Bitcoin and Ethereum which has a large chain and are being used with many projects and transactions making the market value sustainable through ups and downs in this industry. My idea is that; since the usage of altcoins are often limited to their sole project, the demand won't be sustainable for a continuous growth not unless it has a potential and bullish run occur. But through the usual growth of token's price, aktcoins tend to decline once the project is released because it is only hype which creates a demand and not the utility, in most instances. Making these tokens profitable to invest and hold for short terrm periods.

it's like uncertainty is the nature of altcoins in general you just hardly know which coin could lead to great fortune and which one gonna scams you.
in general people are skeptical because of reasons and avoiding scams certainly one of them. there has been many histories of scams in altcoins that i'd think enough to make you skeptical and pessimistic if you care enough to know.
just to mention one of many, it's luna crash that caused massive lose in trust against altcoins in general even in the exchanges, who would've thought a coin with such massive market capitalization could vanish within one night that's just simply ridiculous and that could means that even with massive market capitalization doesn't necesssarily guarantee that your investments in these altcoins will be safe, even after that there is series of bankruptcy in the many altcoins that have relation with luna. if you're skeptical enough not to put all your investments in luna, i'm sure you would only incur small losses but many are too trusting in their investments in luna.

There are lucky users who have managed to make good profit from altcoins investment. Everyone won't be lucky enough to experience such profits, because it is really hard to pick the right altcoin and profit. There are incidents in which the altcoins that gave good return in the short term have delisted from the exchanges within an year. The risk is high, and to know the right choice of investment users keep on raising their concern whether it is good to invest into altcoins.

I agree with you that altcoins are not for newbies because of the risks they bring, but it should not be denied that altcoins are also a very good way to make profits if we know how. We should give helpful advice to newbies about altcoins rather than making false claims about altcoins to newbies. We enter the cryptocurrency market looking for profit as long as it can be profitable for us, we should not pass up the opportunity. As long as we know what we're doing with our money and are willing to take the risk if we make the wrong decision, we can invest anywhere.

There are a few reasons that come to my mind about it, I have noticed the same and most of those asking for guidance are users which are new to the forum, and I assume they are new when it comes to this market as well, so they want to buy altcoins due to their potential but they are nervous about it and they want to be sure they are doing the right thing.

Another factor is that the number of scams is simply too high, so even if they have made their due diligence they ask for a second opinion in the case they missed something and they are about to make a mistake by investing in a particular altcoin.

They ask because they are hesitant to buy the coins they want. Some people want to invest in altcoins, but ask for opinions and advice, and that's perfectly normal. Sometimes, they get some tips from group members, especially those who have enough experience. some people even ask for potential scam new altcoins, and many members give warnings about it.

However, there are many reasons why they ask before investing, but I think it's for the sake of making the right decision before investing, such as avoiding scams or choosing the right altcoin, as well as getting some tips and analysis results that may be quite accurate from some people who are quite skilled in the field. Analyze rising and falling prices.

For me, investing in altcoins is like gambling and already gambling, we are always afraid and skeptical. So if anyone is not ready to take risks, they should not invest in altcoins, if they want high profits, they must accept high risks, that is the rule. Altcoins market is a pump and dump market, it is a money game, don't be too delusional or put all your faith in any altcoins. The altcoin market is just a place for sharks to take advantage of investors' greed to make money, especially those who have no knowledge but like to get rich quick.

Some are just making their assumptions, some are done with the market analysis, and some are basing their experience.
However, whatever they say we also need to do our own research just to verify the recommendations/suggestion. Because we can't just invest blindly, in fact, we do the final decision not them.

I do agree that there are a lot of potential altcoins exists in the market but can't also deny that many or the majority of altcoins are scams. That is why people are asking "if that particular coin is a good investment or not" so investors have also an idea if that is profitable or not in order to avoid losses.

Not sure why is this a question, OP.  Are you always certain that altcoins are going to deliver in the future?

Knowing that there are many projects out there are just going to end up in Scam Accusation board should already be an indicator for you on why many, not just altcoin investors, are skeptical about everything. It's not just the volatility actually since there are people that are even skeptical in stablecoins. It's not about picking the right coins or even having that "special skill" you mentioned. It is just the basic of using your instincts to make sure that your money is going somewhere that is hella worth.

As far as Coinmarketcap data, right now 22k+ altcoins listed on the market but without listing thousands of altcoins exist but most of the coins aren’t reliable to invest or high risky. So, mostly investors (especially newbies) asking here before investment because here a lot of experienced users, those will drop suggestions about good or bad altcoins. I think just only a few coins (as like BTC,ETH & BNB) you can invest undoubtedly.

Because altcoins are mostly centralized and there's no use case except to make the developer rich, we have seen many successful projects that have bounty program in this forum, but after the distribution begin, the token price slowly decrease and now it's already become dead coin.

So many investors are sceptical about altcoins since most of altcoins when they've create ATH, they will become dead and can't beat the previous ATH unlike Bitcoin.

Its because most of altcoins (hundreds of them) are really exactly filled with uncertainties. Whenever I look through websites of new altcoins I can find dozens of red flags. Coin distribution maths are generally very bad and sometimes look intentional so developers can get rich over investors. Sometimes whitepaper are very messy and amateurish. Only top 10-20 maybe 30 altcoins feel safe to invest.

Perhaps I did sometimes and there is only one reason I see why we are asking others' opinions on a particular project and that is to get an idea of the project whether it was profitable or a scam. Uncertainties had always been in our minds especially if we are new in crypto and of course, it was also because of many scam projects that are already in the market. It was best to gather information/opinion rather than relying on what you have read online and feedbacks as it can be faked just to gain interest from the investors.

Many altcoins are existing without real use case and if you're not familiar with these coins you might really end up investing in shitcoin. That's why many investors are asking for opinions/suggestions because they want to be certain on the coins that they will going to invest in.

Moreover alts are more risky than Bitcoin since the latter is established already. However the possibility to gain huge in alts are high if you spot a hidden gem, the reason why many of us are diversifying our portfolio. Thus it is necessary that you dig deeper in order to invest in alts that are worthy to hold.

It more like every altcoin out there is a scam or a rugpull or a shitcoin that has been abandoned, making it equivalent to a scam.

Whitepapers copied from another project, advisors being fake/stock images, non existant products and vaporware - this is a day in the office for altcoins that have been recently launched. You dont want to be a part of this shitshow unless you are not having anything else to do.

If you ask me, I would feel safe max with bitcoin but to stretch it, I can accept the top five altcoins. They have been performing well to stay in those positions for years which is why I suggest users to give a notice period of at least two years if not more to a newly launched project before investing.

Because there are too many altcoins out there and they keep popping up all the time so many feel the need to ask questions before making a decision although I think all final decisions should be made after self-study and any advice is just an additional reference only, and that's probably why he asked because he/she still newbie while this forum is older than altcoins so many veteran members have the knowledge to be able to listen to their suggestions.

I think it's normal for people to be skeptical about alt coins especially after the many incidents that have put investors out of business due to fraud, hacking and failure of projects carried out by altcoin developers. The visible risk of losing money in a matter of minutes is what investors are most afraid of, so they should see some feedback regarding what projects have potential and things to consider from the results of other people's analysis or not just personal analysis. I am also quite skeptical of any altcoin project for fear of missing out on what I expected.

No one enjoys losing money truly and any investment business that can crash at any time is not something to rely on or risk or you're on, and you are right when you mentioned, cases of fraud, hacking and all manner of exit scams.


Altcoin have led many into bankruptcy, and at that, it is not advisable to invest in coins, this is why most potential investors have a drawback from altcoin.

If there are doubts about which coin to invest in, you can see where large companies such as Grayscale invest. Their open-to-all portfolio shows that big business invests not only in bitcoin - https://grayscale.com/products/ But with all the variety of different coins in the portfolio, the largest percentage is allocated to bitcoin.

agreed with this statement, these large companies are investing with proper research, so if someone are doubtful in regards of their portfolio holdings then they should seek inspiration from these large companies portfolio and see how much they allocated in certain coin and how they diversify.
I'd say it's always good to have these large companies as a reference even though most of the time their investments only suited for long term.

Majority of altcoins don't run long term and if you're unlucky enough you will end up in investing in a shtcoin. Investors are just afraid of losing money as most altcoins don't run long term and this cause investors lose money because of thinking of a long term results. Majority of altcoins in the market are being replaced as the trend changes. There are only few altcoin survivors from the last 2017 altcoins, This is somehow proves that everything can change in the market. Investors of projects who holds long term for about 4-5 years another cycle of crypto market, for the majority of the coins surely on loss with their investment. Rare projects such as those top coins are just the one who survives the market.

Acquiring as much information as possible before making any moves to invest your money is crucial because stories are not the same and you can actually get some idea of how to invest successfully with those stories. But you need to understand that none of those stories can force you to invest and also be careful about hypes when they told you multiple profits from some unknown altcoins because most of those stories are made up and to be honest, only 1% are natural, just don't use it as motivation for your investment rather work hard outside the crypto industry so that you won't regret wasting your time in it.

Information is needed as additional material for the fundamental analysis that is being carried out on an altcoin. because before we enter into an altcoin project we must first do a thorough analysis. such as technical, fundamental and sentimental analysis. and asking on forums can also be used to find additional information as fundamental information. or even we can examine the responses of those who respond to what the majority and minority responses are like to see an analysis from a sentimental perspective. even on telegram channels, we are used to seeing voting for which analysis will be requested by members of the channel. actually the admin is also testing the sentiments of the members in which direction. because making a vote is also included in sentimental analysis.

Because altcoins are entirely speculative and incredibly risky. Essentially the only cryptocurrencies that have a market fit at this point are Bitcoin and Ethereum, everything else are like penny stocks or early stage startups that are just hoping to prove they have a worthwhile product. Most or all of them won't grow long term and generally will only have one or two bull runs in which they are trendy before they start to fade to new altcoins. The whole altcoin market is "get rich quick" schemes. There are also endless altcoins and new ones popping up all the time.

So of course people ask for opinions about altcoins because its all highly speculative, risky, and short-lived. They are short term investments, not long term, so anyone who is putting their money into altcoins should absolutely be uncertain. If you aren't uncertain and you are putting money in altcoins you don't have a clue what you're doing.

It's because altcoins are too

1. risky - many turns out to be scam, or developers left the project so there is no roadmap or improvement after the released so and it die
2. manipulation - if the project still exist up to this day, there could be some groups, man in connection with the people behind to pump and dump. Thus making them more money
3. some of them simply die - that's how it is, there is some life span for this project, specially if there are no support from the community

And so on, not all altcoins though are like this, there are still solid projects specially in the top 10.

Yes, as a rule, such large companies investing in cryptocurrencies have a large staff of employees who can really correctly assess the prospects of any cryptocurrency. And such a level of analysis cannot be compared with the knowledge of a beginner, so you can safely follow such companies, as it is safer than your own DYOR.

If just know how to assess the potentiality of the market and are not blindly investing them, there is no reason to fall into scam projects. But what really happens to most of us, especially new investors, they just choose what is usually been promoted on the internet, they mostly rely on what they have heard online but never did their own research for verification. If we are not lazy to do research, we can avoid investing scams but we are and there is no surprise why we still fall into them.

Alternative coins are not dependable like bitcoin that's why many investors are very skeptical about putting in their money and in addition to proliferation of altcoins that has been circulated all over the exchanges platforms and this makes it difficult for investors to pinpoint which coin is dependable and reliable. And the high volatility of most of these altcoins is some that's worrisome

Most people that come to this market may not know a lot about investing or trading but they still have their common sense, if they see that there is a lot of people coming to this market and losing their money by investing in altcoins, then it is natural they begin to question themselves about if it is the right idea to invest in those coins or not, after all if they are like those other people and they do not know a lot about the market then why should they be the exception to the rule and earn any money? So we are seeing that many investors are choosing bitcoin over altcoins and it should not surprise us if this trend continues for some time.

Altcoins are good and they are provide good return that is why people buy them instead of bitcoin, investors do think they have miss the opportunity in Bitcoin but if you look at altcoins in general, they have something in common and that is manipulation and control by middle men, the team always suppress the tokens and do whatever they like and when it drops in price, it can make you loose all.
My advice is to do.a good research in them before buying them and sell as soon as you get profits, that is the only way you can earn in altcoins.

An investor who is wise would study the market in which he/she proposes to invest in, before making the actual investment. Altcoins are hardly dependable as compared to Bitcoin.
An altcoin can just crash anytime. Unless an investor was tipped before making an investment and then cashes out before the market crashes, which is a crime in the financial sector, then an investor with huge capital to invest would think twice and hard before making an investment in altcoins.
Although some altcoins has performed well over time like Eth, with great gain/reward system for games and other features, that's not to say the volatility rate isn't high.
Better be safe than sorry. Invest in little chunks if possible.

In a general talk about altcoins, only a few of them are worth taking a shot at. I've done and missed a lot of opportunities and that's why even with those experiences, I'm still trying to catch some good pumps with altcoins but only with the good ones. I don't randomly choose any of them because from what I think, there will always be a huge market to it but the bad thing is that they're scattered and there are too many of them in the market. And to those that don't like them anymore, they could be maxis or have got a terrible experience investing on it.

Well the reason why investors don’t feel too confident in Altcoin can vary. I have seen some investors who lost hope in Altcoin because of their personal experience, after investing in a potential Altcoin with all the indicators point to profit for them in the end it crashed.

Also some can learn from others experience with Altcoin. I prefer to learn from others experience. The Altcoin market is too big and to me that’s the problem, I advise investors to limit them self to Altcoin that has good market record And they are about a handful of them right now.

The reasons why many investors are skeptical about altcoin investment is because the risk that they will face is much higher moreover if they are going to make it for long-term holding. We also have several experiences with altcoins, even though they are top altcoins, they can collapse so easily only in a few hours. That is why altcoins are very risky in the long term. I think that it is not about being skeptical or not, but this is more logical because investors are spending their money to get or earn more money, not to risk their money highly in uncertainty. But, we cannot deny that many investors are also earning much money from new altcoins by utilizing the right time to buy and then sell the coins, moreover with the hype situation. But the question is, will all investors able to predict or understand which one will really give the high profits? Not at all.

The reason is that 95% of all altcoins are created just to enrich the team involved through price manipulation ^{just like XRP CEO used to do back in 2016-2018 if remember correctly}, rug pull, and while some scam the investors which way open up through lies and breach of the whitepaper.
The list is countless and this is the reason no Bitcoiner will advise the crypto investor to choose an investment in an altcoin.

All falls down on personal experience because just like me on which on the long time ive been dealing with alts on which ending up on losing huge chunks of investment because majority of the coins that had been bought are just pure shitcoins and this is why i have made myself on completely stopping on dealing on trying to find some good coins and rather stick into those coins who had been able to established themselves and prove out to the test of time or simply having that huge community support and recognition. Its up to someones choice whether they would really be that
tending to get involved with alts or not.

I think asking the opinion of others is a good idea and there is no harm on asking it is free to ask the others opinion for good and for collecting information porposes, but at the end of the day the dicision is still on you, there is an advantage in collecting others suggestions we will know more about the project and its possible outcome through the expert all over this furrom or in some social media sites

Rug pulls, scams, frauds, uncertainties, more volatile than Bitcoin, risk of it being worthless or no value at all, price manipulation, pump and dump schemes.

I guess these are just some of the reasons why investors are very skeptical about Altcoins. They are asking because they want validation from other people. They want to know if a particular altcoin is worth it to invest or not, but the reality is it doesn't help them at all. Asking an altcoin whether to buy or not isn't a good thing to do (at least for me). I will cite an example. Let's say Coin X is just a new coin that just been listed and the risk is very high. Now a user asked it here, and many said that it's good to buy for some reasons. Will the user follow what others said even though the risk is very high that it's close to a scam or rug pull?

People are skeptical in investing into altcoins because of what I said above, and that's the reason why I'm only focusing on top altcoins. I don't want to ask all of you here if this particular coin is good to buy or not.

Before putting their money into alternative cryptocurrencies, people have a variety of reasons for wanting to investigate the opinions of others first. One possible explanation is the notoriously high risk and volatility associated with cryptocurrencies. It's also possible that some purchasers will operate under the assumption that other people have the knowledge necessary to evaluate and select the best coins for investment purposes. Another reason buyers might look to the opinions of others is to validate their own beliefs and hypotheses regarding the cryptocurrency market by comparing them to those of other people.

trying to get input and opinions from others before putting their money into altcoins is certainly a good thing. it will be a consideration for every investor before purchasing. but those who are more experienced have their way of determining the projects they will invest in.
most of them own altcoins only for the short term. it also depends on the project. Not many new altcoins last long on the market, once they are traded they are quickly discarded.
those who like to invest following the hype will be fine with their experience. but for beginners, it will just throw their money in a shitcoin trap.

Choosing altcoins for long-term investment is not really a good idea. And even ETH, I don't consider it as well. I don't say it was because I don't trust them but as we can see, they are heavily affected when there is a market crisis and it dumps more, some just die. That is why people are asking as they also wanted to know what their experience was from a particular project so they already have some ideas. And for beginners, this could be necessary but of course, making our own research is indeed important.

you should be sceptical in observing many of new project that is to make you find some good project out of many that's just outright bad enough for it to fail in the long run.
there's certainly reason why even many veterans recommends such scepticism, mainly so that the money will flow into the right project basically boosting these good project instead of being wasted and getting in scammers wallet, therefore it's common sense.

if someone has doubts about altcoins, the answer is natural.
because bitcoin and altcoins certainly have differences, because investing in altcoins is very risky, different from bitcoin.
so if there are people who want to invest in altcoins, don't be surprised if they ask everyone about these altcoins.
because indeed to invest in altcoins you have to know about the project and so on.

I also don't consider altcoins a good long-term investment, but ETH's case is very different from the rest. While ETH would also be hit hard if the market crisis, it would be fairer to see that ETH has also existed alongside bitcoin for a long time and cannot be replaced by anyone, and if you pay attention, you can see that it can even be more profitable than bitcoin during the 2021 bull season. Bitcoin was the creator of this market, but ETH helped the market grow to where it is today, all altcoins today are copied from ETH. ETH is also a pillar as well as a huge contributor to the market.

And once you really think about it we can easily tell why ethereum should be considered to be much stronger than your average altcoin, and this is because ethereum has in fact many coins running over its network to the point we can consider ethereum as hundreds of altcoins.

Even then I will still be way more careful with ethereum than with bitcoin, but I also be way more careful with other altcoins than with ethereum, as etheruem has gained that preferential treatment over the years.

The answer to this questions is "huge profit", and of course along with the higher risk and lower chances of getting to the goal. Some people are actually looking to make a x10 or even more profit and then came asking here for a potential alts when the reality is, nobody knows what coin will take off next.
Sometimes they get frustrated and tired doing their due diligence, so they think a crowd sourcing probably works.

In addition to generating profits for its traders, altcoins have also caused account liquidation. The most common factors preventing investors from entering the market with the intention of choosing the best altcoins in the area are FOMO and FUD. Market losses and gains must both be initiated because they are the only indicators of whether a trader is liquidating trading accounts or refraining from higher stages. With few legitimate projects available, extreme market volatility and hazards have become the norm. There is a likelihood that one will either make profits or losses from seeking out other opinions on the cryptocurrencies to invest in.

Because of the uncertainty of altcoins, moreover new altcoins make many people worry so much with the high risks. This is one of the reasons why people, or I personally, prefer to stay away from investing in altcoins, moreover for long-term period. for, I personally have had several bad experiences of losing money because of altcoins, until now, they are still in my wallet, seem useless.

Btw, for people who are skillful, yeah, they are really able to utilize altcoins investment to gain very high profits. I know some people who are mostly taking high profits by investing in new projects, by joining their token sale, and finally able to earn much money because of the high profits. Or, some people who are buying new tokens at a very low prices and able to sell the tokens at the very right time to get high profits. Actually, there are many people who are skillful for this. And they are aware of the risks. Sometimes, they may meet the risk of losing money. But they can cover it by taking higher profits from other investments. However, although it seems to be evry worthy, this is exactly not recommend for newbies.

You have to be careful about that part though. I mean if you talk with others and somehow only pick shillers then you are going to invest into something that makes no sense and a terrible investor, if you talk with just haters then you are going to miss a good chance.

So, when you are researching about a project, and want to talk with people, try to find both sides, find why shillers shill for it and why they like it so much, and if they could give you a better response than cliche stuff, and try to find haters and see why they hate it and see if they are right or wrong about it. That way you could see if it is actually good or not.

Most alternative coins can't be trusted even though a few have proven to be trusted with their long term building and development the majority are risky and untrusted.
A quick google search about altcoins scams will give you the picture, the reason why most investors are skeptical and scared to buy or even hold altcoins for long term. Most altcoins are for short term, BTC is for long term investment.

We cannot really blame investors for this negative attitude they have towards altcoins, if the developers behind those altcoins want to force a change on the opinions of those people then they need to look at the mirror and make a great deal of changes to how they carry themselves and their projects, and if they do not do this then they do not have any right to complain about the attitude investors have towards them and their projects.

As you can see there are lots of altcoins that you can choose but some of it are not worth to invest like not being trend to many or doesn't have the quality let's put it that way where it will help the altcoin's price increase that could bring profit to investors. New altcoins is not sure that it will be successful in the future that's why many people will give advice that it is much better if you invest in coins rather than altcoins. As you have known, coins existed already before altcoins are created like Bitcoin for example.

when we see many altcoins being created and then the owners of these altcoins abandon such altcoins and the price of such altcoins drops a lot and people lose money with this, it makes sense that people start to fear investing in altcoins, look at the times of ICOs how many people lost money, there were many people who lost money, altcoins are a danger in this crypto market, many altcoins still cannot reach their previous ATH, and are far from it, but there were hundreds of people who bought these altcoins in 2018 on their ATH , it's a scary scenario, of course the lucky people who buy early will always defend the altcoins

The reason why altcoin investors are often uncertain and seek opinions from others before investing can be attributed to several factors. Firstly, the cryptocurrency market is highly volatile, and altcoins are even more so than Bitcoin, making it challenging for investors to make informed decisions. Secondly, the lack of regulation and standardization in the altcoin market can make it difficult for investors to evaluate the quality and potential of various altcoins, leading them to seek the opinions of others with more knowledge or experience. Lastly, some investors may be looking for guidance from those who have experience in analyzing and evaluating altcoins. The combination of these factors can make it challenging for investors to determine which altcoins to invest in, leading to uncertainty and the need for opinions from others.

Of course, ethereum cannot compare to bitcoin in terms of safety, but it is not as bad as other altcoins, it still deserves to be considered a good investment besides bitcoin in the crypto market. Indeed, there are many opportunities to make good profit in this market, but if we only know bitcoin, then we are just wasting our chance. To be safe, focus on bitcoin, but also don't ignore ETH or BNB, both are opportunities for us to make huge profits.

All because of the trust and high risk of investing in altcoins.  For now I think BTC, ETH and BNB are the main players in the cryptocurrency world and they are the basis for buying other crypto assets aka altcoins.  It's too risky.  You like betting.  Because if you are lucky you will be able to buy a coin at a price that will go to the moon some time after.  But people are skeptical because if you fail, then you have to be prepared to lose your money.  And the thing is there are so many altcoins you have to choose from to find those gem coins.

Most investors are sceptical about altcoins because the project behind some altcoins have a very special usecase. Imagine how ethereum have helped developers and crypto users have a better life like bitcoin early investors had. Thats one advantage of some altcoins. I mostly use exchanges that list altcoins with better use case like Bybit, MEXC and Gate because I know how some altcoins have changed so many people's life.

Investors are skeptical about altcoins since many of them are not as decentralized and censorship-resistant as Bitcoin is. Aside from the fact that altcoins' prices are much more volatile than Bitcoins', most of them are still in experimental stage. Investors can expect altcoins to be an unreliable investment compared to BTC. Despite the inherent issues of alts, it's still possible to make a profit if you know how to play your cards right. Altcoins are usually driven by hype, so they could rise astronomically in price for a short period of time. But don't expect to take them seriously as a long-term investment because of the reasons mentioned before.

Picking the right altcoin is a hard and time-consuming task. I'd stick with Bitcoin and Ethereum for complete peace of mind. As long as you invest wisely, there should be nothing to worry about. Just my thoughts ;D

People are skeptical about #Altcoins because most of them  don't have use cases, most #Altcoins don't have good support backing them, imagine how some #Altcoins go into oblivion whenever there is crash and will never make it back into the market. Some Devs will just want to rugpull investors. Nevertheless some #Altcoins have made millionaires, I will advice anyone who wants to buy #Altcoins to buy from good CEX : Binance, MEXC, Gate, Kucoin, Uniswap etc

Since the beginning of 2022, investors have seen negative reactions to altcoins. A major crash in some of the top alt coins has sent the market bottoming out. By this effect investors are quite apprehensive about investing in altcoins. But this is temporary. Hopefully, when the BTC bull market starts, the altcoins will start to be bullish again. There is no better investment in crypto than bitcoin when it comes to investing. If you want to find a good investment project after Bitcoin then you have to invest in altcoins. There are a lot of altcoins in the market, researching them and investing in good projects can definitely be effective.

Currently, there are lots of altcoins being developed, and among the many altcoins being developed, there are very many that have become scams. People doubt and ask about an altcoin in public for many reasons. some reason that it is

• Too many altcoin projects have become a scam
• They don't know how to research potential altcoins or are unsure of their analysis and need someone else's opinion
• They are afraid that the project they have chosen will only run temporarily, after which it will be abandoned
• There are so many projects that look promising, but sometimes don't have clear information
• And others

actually, it is highly recommended that people to only choose altcoins that are popular or are in the top 10 of CMC. however, as you said new altcoins sometimes have higher volatility than popular bitcoin or altcoin prices, as well as lower prices.

There are several reasons why altcoin investors may seek the opinion of others before investing in a particular coin. One reason is the high risk and volatility associated with many altcoins, which can make it difficult for individual investors to make informed decisions about which coins to buy and when to buy them. As such, investors may seek the advice of others who have experience and expertise in analyzing market trends and identifying promising investment opportunities.

Perhaps you are right. Some people/investors are good at picking and market analysis, and some of them are spending more time in the market and checking new projects' progress. And asking for their opinion is a big help for newbies to decide what to invest in and lighten up. Like if you are a newbie, not actually necessary but I think it was more advisable to do this just to avoid investing in a wrong /scam project. But yes, we also have to do our own research, not just rely on their opinion.

We can make research and compare what we produce from the research we do with the opinions of other people. Sometimes we cannot fully trust other people's opinions and we cannot completely trust them, it depends on what project they suggest. If we do our own research we can find out the reasons that make other people suggest or not to invest in the new project. For the decision, it becomes a decision that is absolutely in our hands. But the decision must be in accordance with our research, lest we do it by trying our luck.

Currently the market situation is very bad. At this time investment becomes a cause of concern among people. Although Bitcoin investment is done by most people. But altcoin investment is much lower. The reason is that some altcoin are completely exhausted from the market. As a result, people can't think of investing in altcoin at all. But not all altcoin are exhausted from the market. I think it is possible to make a lot of profit by investing in altcoin as well.

But, there are many people who buy Bitcoin and use it for investment purposes only. They don't care about Bitcoins decentralized factor. The main reason why many people are skeptical about Altcoins is not because Altcoins are more centralized but because most of them are just scams.

When it comes to volatility, I think it was Bitcoins are the ones who are more volatile because it is less regulated. There are old Altcoins like Ethereum and Litecoin. They are not on the experimental stage anymore. These are the Altcoins that we should invest if we want to diversify our funds or if we are simply bored on investing in Bitcoins alone.

no, to hunt for airdrop prizes just seems to tire me out of work. besides having no value, sometimes airdrop providers only use their participants to work for them and in the end they don't get paid as previously promised. this is the reason I no longer like and hunt for Airdrops.
but if there are people who like to chase airdrops to get free prizes, it's also not wrong to join, maybe there are airdrop providers who appreciate the work of their participants.

I'd say 99.9% of investors don't care about decentralization as long as they're able to fill their pockets with money. Only true believers of crypto/Blockchain tech will. Altcoins are often a way to make huge profits due to their highly-unpredictable nature. Investors see these alternative currencies as an opportunity to become rich in the long term. They've missed the "Bitcoin train", so their only option is to invest into prominent altcoins with the hopes of turning a profit during the next bull market.

Choosing the right alts can be difficult, especially when many of them provide unique features to the world. I'd stick with oldies such as Ethereum and Litecoin for complete peace of mind. Who knows what surprises we'll find in the next bull market? Just my thoughts ;D

Altcoins can’t be trusted, most people use altcoins to scam that’s why investors are always careful whenever they want to invest in it. Anyone can just create a coin and promote it just to scam people, but nobody can do that when it comes to bitcoin. Even last year we all saw lots of coin that really disappointed people, people lost lots of money in Luna and ftx, that’s why people are always careful when it comes to altcoins.

I believe investors are full of doubts about what altcoins to pick, because they want to be sure to choose the one which is going to return huge profit percentage to them. However, they ignore the fact nobody can predict such hypes, since it's heavily lead by sudden speculation created by whales in an attempt to manipulate market's prices, executing their pump and dump schemes.

With few exceptions, there aren't strong factors to consider in order to explain why one altcoin is performing well, while others aren't.

Consequently, for doubtful investors, it's highly advised they put their money into bitcoin to minimize losses and care for the investment's safety.

There could be several reasons why altcoin investors are often uncertain and seeking the opinions of others before investing
High risk and volatility of altcoins
Altcoins are newer and lack established market
Sheer number of options makes evaluation difficult
Some investors lack knowledge/expertise
Seeking advice from experts can mitigate risk.
Unlike Bitcoin, which has a long track record and a relatively stable market, many altcoins are newer and have yet to establish themselves in the market.

If you do a survey you will see that many of the altcoins that were in the last bull market are not active. At the bullish moment they created hype and grabbed a lot of investors. But I won't deny that most altcoins have lost a large chunk of price since the bull market. Most altcoins have lost over 90 percent or more. But I am talking about those coins which are currently missing from the market. Many of the coins I have seen have been de listed from exchanges. Moreover, scams in big coins have a big effect on altcoins. I think many people are pulling themselves away from alt coins because of these issues.

I remembered one more than what people have said here; the simple truth is that I do not have enough information regarding them. Normally about bitcoin and ethereum I know all that I could know about and there is really nothing that is "hidden" and I did not know. There is nothing about bitcoin you can tell me that I did not already know, or at least I trust myself that much. However, the lower you go on the list, even some of the top 10 ones, I could be basically not aware of some new things that happens in their projects and that is why I rather stay away from them as much as I can.

Altcoins are high risk and high reward. Those who invest in them don't stay long on them and would be satisfied to run with whatever profit they get out of it. Conservative investors don't like that. They want investments they can put their cash on and feel relaxed. The reason being that an altcoin that's in massive profit today can lose steam within that same day and all the profit made gone with the wind.

On my part, I like what gives me the excitement when it comes to investment. I also have a substantial amount in altcoin spread out than I've in Bitcoin.

I believe you have already answered few of the queries in your post. The problem with altcoin started with the trust and the way they operate in the real world. Most of the Altcoins are made out of thin air and they have no real basis. What I mean is, they would be created with some assumptie ideas, something which they may achieve in X time or y day etc etc. However, none of them really achieve anything from their roadmap and everything goes to waste. Mostly investors who gets attached since the beginning of project has huge investment in it which goes to zero in no time. That is why most of the investors already know why investing in alts is high risk.

There was a time in which altcoins were serious proposals and the community supported them, the developers got money to begin building their dream coin and then those which risked their money multiplied their capital many times over with relatively ease, it was a good model which did not required exchanges or going through KYC, but then the scammers saw this and immediately joined creating hundreds of scams in the process, and all trust in those new coins banished.

We can thank the ICO boom of 2017 for that. It paved the way for scammers to earn a "quick buck" without having to deal with the regulators. Back then, crypto was in a regulatory grey area so it was pretty much the "wild west". Altcoins proved to be a wonderful tool for scammers to "hunt" down their victims for money. It's this reason why investors are so skeptical about them. Not like Bitcoin which is used more seriously in the mainstream world (although we can't say there are zero scams linked to BTC).

If you know how to play your cards right, altcoins can make you some decent profit in the short term. Otherwise, I'd suggest you stick around with Bitcoin for a while. Who knows what the fate of altcoins will be? Just my opinion :)

Well, we might rely on luck on our first try but it doesn't mean we have to do this the next time. Because I believe that a newbie must adhere and spend more time in the market studying the market behavior in order to gain more ideas. Research should be done and taken seriously but collecting opinions from others could somewhat help us a lot to identify which projects are worth investing and we already have the option so we don't waste our time but rather focus on those suggested projects.

I think it's okay for investors to be sceptical in determining what to invest in. A lot of rug pulls had happened in the past that leads to the destruction of major projects. I confidently still say that alternative coins can pave way for many, one just needs to perform his/her research task well.

Since Altcoins are really volatile that make the investor feel afraid, doubtful, and uncertain easily. But many people choose altcoins because they believe they can earn a lot of profit from investing there rather than Bitcoin it's not that very volatile if we compare it to Bitcoin although we know that crypto is really volatile.

Having some understanding that we couldn't really just pick the right altcoin anytime we try, we are not that lucky, is the biggest reason. People are skeptical because there has been a ton of altcoins that caused a lot of trouble for people and that's the issue, we are not talking about something that has been clean so far and we have worries out of nowhere, we are talking about something that has been dangerous since the first try and that is why people are not entirely sure about it.

I mean if you have seen so many guns fired in a place, would you keep going back in there just in case the food is good? I doubt so, that's why there is a worry.

it's true that there are some people who can detect that the coin is going up, because they have the mass and a group of people who have a lot of money so they can play the market and have an impact on the rise and fall of the coin. to get in touch with how the coin works it's a plus

I don't have much experience with altcoins and in fact some of my investments in altcoins have failed - mostly new altcoins.  What I can notice is:
- Many altcoins and high competition.  That makes it more difficult for investors to determine the potential of the project. 
- Rugpull, scam and virtual altcoin (fake trading volume, dead project).
- Investing in altcoins especially new projects really takes longer. 

That may be my excuse for my bad skills but I obviously concede altcoins are a very good piece of cake for a handful of profits.

they need the opinion of others because they need consideration for the investment they will make. even if you invest in big altcoins like ETH or BNB you still need consideration or analysis to determine when is the best time to buy. determining the best time to buy is very important because it relates to the amount of profit you will receive in the future.

Well, if we're talking about new altcoins or altcoins outside of popular coins, I think people need to do a little extra research before investing. skepticism is normal. That's because so many altcoin projects have become scams, or been abandoned by their developers. In fact, I've also experienced this. Even though altcoins have tremendous potential to increase the amount of investment we have, the risk of being wrong in choosing an altcoin will cause the assets we have to decrease drastically. there are many reasons why people are skeptical in choosing altcoins for investment.

But indeed when talking about beginners it is also very difficult and indeed this cannot be equated with those who have been in Crypto for a long time.

Not meaning to say beginners can't do that, but when there's no learning done and a lack of experience it's obvious that this puts them at risk especially when all they do is just follow other people.
The risk is very big and indeed if you don't have something that you can't rely on, it's better for them not to touch it, especially if they're just following other people or influencers.

I think the learning curve is easier or harder depending on the person as well. Someone who is well adjusted to a volatile market and understanding of long term profits will be able to adjust a lot easier, and someone who doesn't understand how things work will end up with a much worse reaction because a newbie who doesn't have any patience and got here because they want to make a profit right away, will not be able to actually make a profit at all.

I know that it will take some time, but it won't be that easy for them to learn it. It will not be easy, but let's focus on how we can make a profit with long term ways while holding and waiting.

Generally, as altcoins have profit, there is a high possibility of loss. Moreover, recent failures of major projects have decrease investors confidence in altcoins. On the other hand, the interest of investors towards altcoins has decreased due to some reasons such as the relatively low price of BTC, scamming etc. However, these altcoins will once again be bullish as the price of Bitcoin rises. Moreover, there are still many potential coins where investing can bring significant profit.

Altcoins are known to have higher risk and volatility than Bitcoin, which can make investors feel uncertain about their investments. Additionally, the altcoin market is vast and constantly changing, with new coins and projects popping up regularly. As a result, investors may seek the opinions of others or rely on specialized analysis to help them make informed investment decisions. However, it's important to do your own research and due diligence before investing in any cryptocurrency, as ultimately, the decision and responsibility lie with the investor.

If we don't need other people's opinions to invest, of course we don't need to be here, because here is only a place to exchange opinions. Meanwhile, investments can only be made on the official exchange or platform that launched the coin. When someone asks it doesn't mean they don't know or don't have their own analysis. But they hope to get additional information both positive and negative. There are hundreds if not thousands of cryptos on the exchange, I'm sure you only saw a few of them, and you must have missed a lot. When you ask questions in this forum, and re-read what they have said one by one, of course you will get an interesting part for you.

I believe that the volatility will depends on what altcoin we are talking but majority of the altcoin is just as volatile as bitcoin especially those who have active market pair. I also think that not all investors are seeking a public opinion about the project given there are so many shillers in the market and a seasoned investor can identify a good project with the available public details. With the rise and increasing projects, Investors has developed their own way of detecting a good altcoin project from bad ones. Even new investors is trying to copy what seasoned investors do in filtering up projects.

it's always alts in general that have higher chance of collapsing and rugpulls certainly the skepticism is normal.
but at the same time it's also a good way to earn profit in the long run if we happens to pick some good coins. so in order to get best altcoins out there many will keep having skepticism and at the same time proper analysation regarding the coin, so it could be considered that skepticism is essential.

there are so many altcoins listed on the exchange and of course it is difficult for us to analyze them one by one, but we can choose altcoin investments at the top at coinmarketcap, among them there are many altcoins that have been around for a long time and still exist today, and have healthy movements , in the sense of keeping abreast of the movement of bitcoin as the mother of all coins. let's just take the example of eth, bnb, matic, all three besides being safe to invest, will most likely provide better profits

Altcoins investment is very risky but it brings more profits to investors than Bitcoin, you can't make life-changing money with 1000$ invested into Bitcoin in this bear market, but you can make a lot with the 1000$ if you invest it into good altcoins, you need to be careful with altcoins because many can rug pull on you at any time.

Skepticism is essential because the crypto market is so harsh. Many projects were inflated and quickly evaporated from the market. That set off a wave of rapid collapse. Take a look at the projects on the market. Many projects need to increase the value of the token 100 or 1000 times before investors can recover their capital.
The next thing is the possibility of success, great effort to build. So only projects with a strong dev team can hope to succeed.

The vast majority of altcoins are unstable and highly-centralized, making investors think twice before pouring money on them. Bitcoin is a safer investment because it's the one cryptocurrency that started this craze. No other blockchain compares to Bitcoin in terms of decentralization and censorship-resistance. The fact that the supply is limited to 21 million units, is more than enough for investors to take it seriously as a long-term store of value.

I'd say altcoins are experimental grounds for testing out new features before they're rolled on the BTC blockchain. Developers will decide which features are worth it, for the community to review them. If you know how to play your cards right, altcoins are for you. Otherwise, I'd suggest you "stick" with Bitcoin for a while. No one knows what the future holds for alts, so we can only hope for the best. Just my opinion :)

You mean not volatile as compared to Altcoins?

Anyways, whether it is bitcoin or altcoins they are pretty volatile and that’s not the valid point while choosing the assets for trading. What matters is holy good volume to fulfill the quick orders. Every pro trader know very well they want volume to perfect and all the time those buy and sell tickers working around the clock. That’s all. Know why? Well for a pro trade that’s enough to dig out their way from any sort of portfolio or let’s say individual Altcoins. Volume is like fuel. So if they have it they can take “fastest” decisions to buy or sell at any given time point.

Of course there's nothing wrong with what you're doing. You choose to invest in Altcoins that have clear potential for the future without wanting to take risks with other altcoins. I think it's the most appropriate method if we are hesitant to partake on unpopular altcoins.

The thing is that people who know what they are doing and sure about it could also be wrong and that would hurt them a lot. I personally believe that this strategy is one that could work, I believe that he is doing the right thing and that's my opinion, you think the same way and they thought the same way as well, so we all agree, but lets not forget that we could all be wrong as well.

There will be plenty of people who will only own bitcoin, and there will be plenty of people who will own some low cap high risk coins and make profit that way too, we wouldn't know which one would be the best, we just do what we think could bring us the most money and sometimes we are right, sometimes we are wrong.

You need to choose between thousand of coins out there unlike Bitcoin which is just the only one. Even then you have made your picks before, you need to analyse first with your preferred indicators and strategies so you don't make any flops.

It's not that easy to choose which coins to choose and when to invest. That's why so many thread in here covering about this type of topic.

true it's always harder choosing new coins since there is not that much information regarding them, moreover these new coins are more likely to fail than to succeed, only very few could succeed in the future, so of course skepticism is very normal in choosing altcoins generally, because it's like finding needle in a haystack which is quite difficult honestly.

Hey. Can I ask what local investment groups they are on social media?

I've just set up a crypto crowdfunding type project called Crypto Dragon's Den so would be good to mix on those kind of circles.

It seems to me that the time to buy altcoins is the same as the time to buy bitcoin. The choice of coins is indeed difficult, but there are already proven coins that have repeatedly recovered from bear markets. Such coins, like bitcoin, are guaranteed to yield profits if you are patient.

yes, you are right, because many altcoin that have sprung up at this time just want to steal investors money (although not all of them), but we must still be careful if we want to invest in altcoin, because if we choose the wrong altcoin then of course our money will be lost, but if we choose the right altcoin, then of course our money will increase very much (get a lot of profit).

A project will rise if they are still currently developing or has a product that are active and currently service it's utility, I don't think there is a low chance that devs will try to run and abandon their project development in a bear market where their project didn't reached it full potential though this only is applicable to those project who has gathered the community trust and is being anticipated for. Remember that no one will buy a dead/abandoned/project that has no project updates unless the investor is a Degen. No buyer means there are no chance of it rising up even it's a bull market.

I think it's a common sense that choosing a wrong altcoin will lead you in losing your money lol.

I don't like how most people call all altcoins together a scam. There have been thousands of scam projects throughout the history of crypto. In opposition, in the last few years, some sort of real projects that aim to build something useful and facilitate the usage of crypto in many sectors have started to appear. Indeed, we can't deny that some altcoins were exceptional investments and yielded high profit for their investors, while they were building and developing at the same time. However, there are many tools that enable any investor to check some metrics that could refer to the worthiness of the project, like the development activity, circulation supply, etc...
In my opinion, altcoins are a need for the market, and there will always be good investment opportunities in them.

Altcoin is basically is a way for people to gamble. What you are saying above was not actually true., It can be seen from so many demands to invest in the legit tokens in the market. Bitcoin is also high risk and high volatility and what's the difference? what you are saying have no reason at all. Some projects were able to get funding almost a half of billions and can you call it if investors are skeptical to the altcoins? so many people are also receiving good money from altcoins.

I think investors are not skeptical of altcoins, the purpose of them wanting to listen to opinions from other people is because they also don't want to get stuck in altcoin junk, investors will be more observant in terms of their investments, most of them don't want short term investments.
while investing in altcoins most of the profit earned is usually in the short term, if it doesn't grow then it allows the altcoin to die.
but I have noticed that many investors are more enthusiastic about investing in Bitcoin

For the most part, investors are skeptical about altcoins because there are thousands of altcoins to choose from.
Nobody wants their investment to go in losses which is why they are always confused as to which coin to invest in.
Bitcoin is definitely a good investment option but many times altcoins give bigger gains than bitcoin.
Everybody wants to get bigger gains and so they are always in the process of chosing the right altcoin which will give them massive gains.

many investors are skeptical about altcoins which have become commonplace since many investors have experienced losses due to crypto, of course they want to choose the best coin according to them to invest, because everyone definitely wants to avoid losses and get profits from the coins they invest

In every bear market, altcoins go down in value more than Bitcoin, some projects appear genuine, but turn out to be scams, causing investors to lose money, making investors lose trust in altcoins. It's alright for investors to feel skeptical about altcoins because it's too risky but more profitable to deal with altcoins.

Just look at altcoin's name itself and what it suggests, it means that these coins under the name altcoin are just an alternative of bitcoin.

That alone we can differentiate why investors are highly skeptical about altcoins compared to bitcoin. Of course, volatility is always there but the certainty that the selected coins will prosper is much lower in this bracket and as you guys have said, many coins nowadays that has almost no utility at all are existing in the market which again bring uncertainty to the investors. And that brings us back to the basic, we needed to have a thorough research and study if we're indeed looking forward in investing altcoins.

I invested in an altcoin that has something to do with CBDC and I later found out that it is a big scam, sometimes even if you are good at doing research there is still a possibility that you will fall for a scam project, if I had just held this altcoin and I don't track their progress I wouldn't have that its a scam project. As an altcoin investor, this is what you must do investing in new altcoins, always track the project updates.

maybe because of thinking about the magnitude of the risk compared to the benefits obtained, so that investors think skeptically about altcoins. after all because of the huge difference between bitcoin and altcoins. if investing in bitcoin then what investors think is profit even in the long term. maybe they investors will think otherwise if investing in altcoins

many investors still don't fully entrust their money in altcoins, maybe there are but not many, this is because altcoins prices still depend on bitcoin prices, and of course the risk of altcoins is higher than bitcoin, altcoins prices are also more volatile

some investors seek other people's opinions just because they don't want to get caught up in the investment they will make in altcoins. but there are also some investors who already know their investment plans so they dare to take an attitude of investing in altcoins.
  why are investors so skeptical in looking at altcoins?, because there are some altcoins that are controlled so that price manipulation will occur and there will be games in the altcoins invested. I think it's just because of that that investors view Altcoins skeptically

I have seen several investors who lost hope in altcoins because of their personal experience, after investing in a potential altcoin with all the indicators showing a profit for them finally crashing. Some of what I can learn from other people's experiences with Altcoins. The Altcoin market is too big and for me that is the problem, I advise investors to limit themselves to Altcoins which have a good market record.

the nature of altcoin it self is what makes many so skeptical about it, many altcoins are actually gonna be failing really hard, only very few might retains its current value and the other will just vanish into thin air, of course being skeptical is normal here, otherwise everyone would be losing their money.
after all, such high risk investment which of course in turn also brings massive profits always require tremendous amount of efforts and frequently mentally exhausting but if it what it takes to turn your $100 into some $100,000 then I guess many would still gonna try it anyway.

It's a bit unfair to say that the term 'altcoin' means that all coins are inferior to BTC. I mean who even invented the phrase? Why can't someone re-label them 'superiorcoins'? Does that automatically make BTC worse?

Altcoins are not as proven and tested as Bitcoin is. They're simply experimental grounds for the #1 cryptocurrency in the world (which is BTC). Investors know this, so they put most of their money into BTC instead of alts. Still, that doesn't mean it's the end of the line for alternate coins. They can be a highly-profitable investment if you know how to play your cards right. Just diversify your investment and nothing should go wrong.

With many altcoins bringing passive income opportunities (ETH, BNB, among others), who'd want to miss the opportunity of a lifetime to become filthy rich? Ultimately, what matters is decentralization and censorship-resistance. As long as this is preserved, there should be nothing to worry about. Just my thoughts ;D

Relying on others for investment advice may not be wise, as they often suggest buying what they personally hold. Therefore, it is crucial to have knowledge about the crypto market before making any investment decisions. The crypto market is known for its volatility, and while most people are aware of the risks involved, some traders and investors are tempted by others' earnings and blindly follow individuals who post screenshots of significant profits. Such individuals can make money easily by providing signals. Have confidence in your own analysis, as ultimately you are the one who will make the correct decision when it comes to your hard-earned money.

Investors are sceptical about Altcoins is because of the high volatility risk involve in investing in it. During the hype majority of the altcoins offer investors an opportunity to earn with high rate of returns which is a very good strategy to attract the investors to invest. But since most of us here now do not just grab this opportunities we rather evaluate and study first if it is worth it to invest in a particular altcoin. There are a lot of altcoins became successful during hype but ended up just a scam. An altcoin can be successful it depends on the developer for its continuous development and its investors who keeps on supporting the project. 

The collapse of some of the projects that once held the highest levels of trust in the crypto world has led to investor backlash towards alt coins. Besides, every time the price of altcoin increases in Bull run, but when it is going to bearish, the price decreases up to 99 percent, so investors have to face a big loss. However, some investors invest in altcoins in the hope of higher returns, which can put them at great risk. Moreover, scammers create various types of fake projects where the investment never returns. Scammers walk away with investors' money.

It is true that and alt-coin project can be also successful by their hardworking but most of the case in today the amount of scams and fraud projects is more than the authentic and real projects. In the past 2022 I would think that the alt-coin market has become worse, the failure of major projects and the scamming and crashes have put most traders and investors off the alt-coin projects. On the other hand, the confidence of traders and investors in the secureness of Bitcoin has increased, thus making investors distrustful of alt-coin investments.

It's a shame, of course, that investor confidence in altcoin investments is dwindling,
it's not easy either for sure to get their trust back as before and that is the consequence,
but anyway for me the altcoin project is still an interesting thing.

Investors fear of altcoins is not solely related to the supply of coins. Rather, it is often due to the lack of commitment from projects and their teams. In the begining, the ideas presented in the whitepaper may be impressive, but once the project tokens and coins are launched on an exchange, progress and commitments tend to decrease. This is when disagreements and team members wanting to leave the project become more common, and instances of hacks, liquidity rug pulls, and sell pressure from the team selling their vested tokens or foundation tokens without adhering to the initial unlocking agreement can occur.

Investors are skeptical about altcoins because some altcoins may crash anytime. For example, after the Luna crash, this suspicion increased. So now one does a lot of vetting before investing in any coin. On the other hand, there is no need to worry about investing in Bitcoin. Still, people invest in altcoins because some coins offer high returns.

Investors are skeptical about alternative crypto currencies is because alternative crypto currencies are highly volatile and can experience significant fluctuations in value. This can make them risky investment. Alternative crypto currencies are not supported by the government of which can make them susceptible to fraud or in short it can be scammed. But still if the investor is a risk taker they would invest even if there is no assurance that their investment would gain profit.

investors are skeptical of altcoins because when bearish altcoins really show their true nature,
yes altcoins drop to -90% and some even -99%, you know how SRM, FTT, SOLANA, LUNA and many others experience this,
this is why I also very skeptical of altcoins even big investors nowadays are also very careful.

This only happened when the investor bought the certain altcoin on the peak price or in short, The bull market. There are a lot of new coins born during the bull market and I personally don't find it worth to hold since we all know that most of those coins will drop their value if they hit the bear market. Investing during the bear market is different because the peak market cycle price haven't materialized yet or there is a great potential of the price getting very high. This is why successful investors are buying on a winter market and selling during the bull market and the cycle will repeat itself.

But even successful traders don't know where and when the bear season will end. Let's say after the LUNA crash happened many thought it might be the last bad thing to happen. But then the FTX collapse happened. After that there was another collapse on the market. Now we also don't know what the future holds. So buying altcoins is mostly a casino. Some will get lucky, some will lose money. Look at the funds that went bankrupt. I don't think they were losers.

That's because there are a lots of pump and dump token. And I am sure that's why people are very skeptical when it comes to investing their hard earn money on altcoins. So, they tend to ask a lot of questions and search more about certain altcoins before committing their money.
And despite the numerous background checks, it is still difficult to tell a scam from a real project these days.

Because there are still many people who believe that even though the risk in altcoins is high, they can still get rich with a small investment, especially since the bull run is coming, for sure most of the altcoins will pump up the value in the market for a while just to say that they are keeping up in bitcoin's value.

        Then this industry will not lose the willingness to take risks and that includes me to take risks in altcoins that I will see potential especially in the new meme coins that will appear in the market to be honest.

Investors are skeptical about crypto currencies also known as altcoins, a reason could be their lack of adoption and acceptance. As we all know that bitcoin is the most well-known and widely accepted cryptocurrency, which gives it more credibility and trust among investors. Another reason could be the higher risk associated with alternative crypto currencies  due to their smaller market capitalization and volatility. They may lack also the same level of security and as more established crypto currencies. Some altcoins may be viewed as scams or pump and dump schemes, which can make investors skeptical on investing them.

Although not all investors don't really trust Altcoin as a long-term investment, it is the right decision for all Investors everywhere, whether they are small or large investors, because they know which ones are profitable in the future, which are not, because from any point of view Inverstors know very well the profit period of holding Altcoins, so many have switched to a number of coins which may be more tempting, there must be many reasons why investors are more inclined to hold coins than Altcoins, the many losses and very fast price declines and to add to that the Altcoin holds a Bounty or Airdrop, for sure it will destroy the price in all markets..

Yes, that's a possibility. The cryptocurrency market is still largely unregulated, and there have been instances of fraudulent activities, scams, and hacks associated with some altcoin projects. These negative experiences may have led to a lack of trust in altcoins among some investors.

no, no special analysis. they ask for opinions only to find references and get options to choose altcoins as investment. analysis of large altcoin price movements is not much different from analysis of bitcoin price movements because the price movements of the two tend to be the same. even analysis of new altcoin movements tends to be more difficult and riskier because new altcoin price movements are more volatile.