I did invest in lots of altcoins and i received many tokens from bounties as reward. I experienced that, most of the tokens turns into shitcoin or dead after a few months. Some Altcoins performed very good for a certain time then all of those lost 90-95% of values and still traded on exchange with so called volume. Thus process is continued. Even top altcoins also replaced by new altcoins. 2017 vs 2023.
Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.
Those who want to invest for long term can definitely choose BTC and ETH. But those who want to invest in other altcoins and memecoin must invest for short term. Because these coins suddenly get hype and when the hype ends, they turn into shitcoins. And tokens received from various bounties should never be held long term. Because after a few days most of the tokens lost their popularity and became dead.
Show Posts
