is it still risky to Invest into Altcoin now?

[siniminomorocomunisakito]

Altcoins are being used for quick profit, as OP mention we could see it being pump and dump in a short period of time, this kind of strategy isn't new in crypto in fact there are so many groups who pulls this kind of strategy they are known as signal groups.
This group would use their influence to move the price of the crypto that they want by telling their followers to buy and sell it at a certain price.

Correct. although on average the most support comes from the community, there are also those who take advantage of this situation. In my opinion, it's better to just follow market signals and don't trust too much signals from groups, whether it's Telegram, Twitter or others, because they're all full of their own interests without thinking about other people's conditions.

Currently, only BTC and ETH are pumping, and all altcoins are going down. This can be a good investment for the future, but it's extra risky!

Yes. Correct. Stay alert in any condition, don't forget to install SL .

[laijsica]

Altcoins are being used for quick profit, as OP mention we could see it being pump and dump in a short period of time, this kind of strategy isn't new in crypto in fact there are so many groups who pulls this kind of strategy they are known as signal groups.
This group would use their influence to move the price of the crypto that they want by telling their followers to buy and sell it at a certain price.

You are right that altcoins have always been pumped and dumped in terms of value and certainly the general investor is not aware that it is gambling. High profit projects in short time span. But buying the best alt through comprehensive market analysis has a high chance of becoming a millionaire in a short period of time and a high risk of losing capital with wrong choices.

[Kocret02]

I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?

If you are asking about risk then the risk has been there since you wanted to invest and enter into trading either immediately or long term. As we know, prices fluctuate. so we never know when it will go up and when it will go down. everything requires research. and current market conditions are indeed improving, starting from bitcoin and altcoins as well as several memecoins. and the current conditions are very suitable for quick trading.

[Mate2237]

Currently, only BTC and ETH are pumping, and all altcoins are going down. This can be a good investment for the future, but it's extra risky!

Others are also pumping just that those two you made mentioned are the tow that rising more than the others if not, Solana is moving well, BNB is moving dogecoin is also moving and now that all are doing up, it is the time to invest both the short term investors and the long term investors would make profit from this Bull market now. Not all Cryptocurrencies are really risky. Like the top 2 Cryptocurrencies are less risky and all what you have to die is to know when to invest and that is all. "Buy the dip and hodle"

Don't forget that slogan. If you want to invest foe short term then be calculative. Now it is the best time for short term investment. And in the process when the price comes down then you have to change plan for long term. But if the short term plan works for you then it is your luck. Because the market is not stable.

[KennyR]

When it comes to altcoin investment, it is a little more risky than bitcoin investment. Here, we need to be more careful in selecting the altcoins for investment. Rather than choosing it in a random manner, it is better to analyze, understand, and further invest in it. Whether it is bitcoin or altcoins, we should have the ability to hold them, and if so, we can easily overcome the chances of losing.

Right now, the entire altcoin market is looking for Ethereum ETF approval. If the news turns positive, we can see a good move with the rest of the altcoins. If not, the market might turn bearish, and bitcoin too can move towards correction. For now, the majority believe that the Ethereum ETF will be approved.

[Godday]

Currently, only BTC and ETH are pumping, and all altcoins are going down. This can be a good investment for the future, but it's extra risky!

Nobody doubts BTC and ETH. It is the safest asset. But BTC and ETH did not provide significant gains. Both coins already have very strong fundamentals in the market so it is very unlikely to experience a decline of up to 50% but also you cannot expect big profits with BTC or ETH. Investing in other coins, especially coins above the top 30, will be very risky, but you can get profits of up to 100% per week.

[bitterguy28]

actually all investment in the world is risky , even the strongest coin BITCOIN is risky to invest with but indeed that more risky in altcoin and more if you try new project or those shitcoins.
but if you are investing in strong altcoins like ethereum and binance , now there is SOlana ? then that is the best position to put your money.

Yes I agree with your statement any investment big or small is risky. When Bitcoin first hit $69,000, it dropped below $16,000. Were those who invested at the peak relieved when the price fell? Of course, all cryptocurrency coins are risky investments, but there are more or less variations. Ethereum, BNB, Solana are all three coins that I see hope for in the future. These three coins performed quite well compared to all other coins. Solana has been performing incredibly well this year. Everyone has high expectations from Solana Coin if the bull season starts ahead.

This is why I believe that altcoins have potential  because we have seen them growing even more than. How much Bitcoin percentage increasing but this will be successful if you know how to choose the legit and valid one because there are tons of choices that will lead you to losing .

[strunberg]

Correct. although on average the most support comes from the community, there are also those who take advantage of this situation. In my opinion, it's better to just follow market signals and don't trust too much signals from groups, whether it's Telegram, Twitter or others, because they're all full of their own interests without thinking about other people's conditions.

I agree with you. Signals given in Telegram or Twitter groups are usually inaccurate. I rarely find accurate signals from them. Of course we can't blame them because they themselves have said that this is speculation. We should follow market movements and see the latest news about crypto. Or we can follow how whales work by following their wallets. I have a friend who knows how to see wallets with large contents and I have benefited from rndr and wld last March.

[Epaper]

In my opinion, there will be no risk investing in altcoins if you can choose altcoins that have the potential to provide profits, such as the top 10 altcoins that have been proven to generate profits in the short and long term. Moreover, in the current market situation investing in the top 10 altcoins is very good and you will be able to get satisfactory profits.

whether it's ethereum, solana, or other altcoins, it has risks, you can't say that there are no risks when you can choose an altcoin that can give you profits in the future. because bitcoin itself has risen significantly in recent years, this poses a risk to the investment. so don't just because it can give us the potential for profit in the future, it doesn't have risk, all investments have risk, the only difference is whether the risk is high or low.

Of course all investments have risks. However, when we want to invest in altcoins, we must be able to choose altcoins that have a low level of risk, such as the top 10 altcoins that have been proven to have a low level of risk. Many altcoins offer big profits but sometimes we get trapped by these offers so that when we invest in them we lose all our money. Therefore, it is very important to do research on the altcoin you want to invest in.