Newbie thoughts about altcoin investments.

[KingsGambet19]

There are many altcoins being listed in this site https://coinmarketcap.com. Still there are lot of coins that are not listed due to low marketcap volume and others too that are being created for scamming purposes and project were dead.

If you are new in cryptocurrency and will going to check what crypto you might be into in which you think will put a good use especially if you wanted to integrate it in your exisiting business then make a good use of bitcoin. The problem is that chosing between those coins is already a difficult task. What could be more when you wanted to check the coins one by one? It will be a load of work with the huge number of the altcoins in the market the common scenario that has happen with altcoins

1. There is no assurance that you can earn investing on altcoins unlike investing in bitcoin. Other altcoins liquidity are questionable so it can't get your money back whenever you wanted to.

2. Pump and dump scheme, Altcoins could be easily pump up especially the low total supply and this could be mean a trap where many people will going to anticipate the pump scheme investing more believing that it will go high. The next thing happe is that it will be going to dump for no certain reasons or just being told big investors pulling out the project.

3. Team abondone the project. Once the project is dead it can really be difficult to regain for project is abandon already. I think that most of the scammers are like this always creating new projects because it is more easy to get money from the crowd through ICO or DEFI crowdfunding projects.

4. All altcoins market are mostly dependent on bitcoin market. Seldom to see in the list that it could move on its own without being influenced with the bitcoin market. Meaning that all altcoins had no value if it will not be paired to bitcoin directly or using other altcoins that is being paired with bitcoin. So, all of altcoins value are peg to bitcoin which sounds like as coins name after alt coins.

5. Most altcoins value falls down after it gets listed to an exchange if compared to their ICO price as I checked the projects that can be found on gecko sites regarding the ICO price of the tokens.

Most of the coins are set up to failed (Not all). If this is the trend in these altcoins then why invest such that can make you more losses? I suggest  not to believe on the bounty hunters stating that the project is good, team is good, gathered funds is good and or at the part where low cap was achieve and project is good to go. Yet, the tokens will be listed in a cheap exchange or no listing at all due to the common reasons such as

1. The project is still being developed an promised within next 6 mos. to.deliver. But nothing has changed after 6 mos. (false hope)
2. That one of the member of the team had been replaced or there is a misunderstanding within their team and they are still couping up with that problem.
3. That they are following the regulations of the government where project was basing and that the cause of project delayed.
4. The listing will get delayed due to pandemic.
5. The project is doing great with new affiliates which they are waiting for something great to happen but it weren't (you will again a victim of false promise)
6. There was no funds collected at all and it was just a false claim that they had claim much funds to trick you to trust them and invest in their projects.

There are so many reasons why you should chose to be careful with altcoins or investing in projects. If you do not want your money to be wasted then invest directly on bitcoin or to establish altcoins and not the new projects that are only good in making false hopes.

You or we as a newbie in investment would you rather care to invest in altcoins even with the current conditions stated?

Are you still willing to take the risk?

[TravelMug]

And most of them fall on the category of scam projects. And even if you do your due diligence and investigate the team behind, it's not an assurance as well that's why altcoin investments is very risky specially for newbies.

Of course for veterans in the market, specially the pump-and-dump, they can get away with it and make a huge profits. And that's why there are still a lot of groups doing this because it's a very successful methods and many newbies still fall for this groups, and they didn't know that they are the victims here until it was too late for them.

[Yogee]

Think of investing in new projects or low cap coins as playing in a casino. You can do your research and study just like how you prepare a strategy before you play BUT you never really know what you are going to get. A few people will get lucky and win big while more people will lose or get rekt.

Take the risk only if you have enough money to spare.

[WalkerIVIV]

If you have ever joined in the icodrops telegram group and you will what's the real purpose of people were buying altcoin. It's about the game. let's say if you wanna play in altcoin and you should not take it for long term.
It looks like you are also taking the whole altcoin without try to make the exceptions for those scam new altcoins.

I have participated in some new icos like velo, oin, avax and many more and then you know what these altcoins brought me very big ROI.
DYOR is a must but we should always remember to see the fundamental from the project whether is has backed by venture capital, create a real partnership with major companies or etc.

I do agree for the newbies that was looking for the safe place and they must stick to the bitcoin and old altcoins like ether but remember this more risk more profit and otherwise less risk and less profit.

[maydna]

You don't have to invest in altcoin if you are worried if the altcoin can't profit. You can only select bitcoin for your investment and never check on the altcoin market. You can buy bitcoin as many as possible because that is the best investment in the crypto market. You don't have to analyze more about the altcoin because you already have the best investment.

But if you are willing to invest in the altcoin, that can give you additional profit in the future because the altcoin will rise after bitcoin touch the high price. I suggest you to try to analyze the top 10 coin list at the coinmarketcap or coingecko, so you can get the good coin to invest.

[SquirrelJulietGarden]

You can use https://www.grammarly.com/ to proofread your grammar and vocabulary mistakes.
You can use the screener from https://messari.io/screener and add the % Down from ATH to your filter (click on Metrics & Filters, and search with the phrase). You need to have a free account to customize your filter. % down from ATH can help you to screen safe altcoins for your portfolio. You can get safer altcoins if they already were down too much from ATH and with the filter, you can avoid to buy tokens or coins with price in ATH range.

[maxreish]

A newbie will make a research first for sure.
 
 

You or we as a newbie in investment would you rather care to invest in altcoins even with the current conditions stated?
 
 Are you still willing to take the risk?
 

 If I were at the newbie's shoes, of course I wouldn't take a risk for an altcoin that has unsure progress or has a problems stated above.
 I would rather risk my time and money in altcoins that are already established and have a good feedbacks.
 
 Anyway, let me share this article to a newbie that surely  help the newbie how to invest in altcoins and which altcoins should they put their money into it;
 
 -  What to Consider in Investing Altcoins

[RussianEnglishTranslation]

There are many altcoins being listed in this site https://coinmarketcap.com. Still there are lot of coins that are not listed due to low marketcap volume and others too that are being created for scamming purposes and project were dead.

If you are new in cryptocurrency and will going to check what crypto you might be into in which you think will put a good use especially if you wanted to integrate it in your exisiting business then make a good use of bitcoin. The problem is that chosing between those coins is already a difficult task. What could be more when you wanted to check the coins one by one? It will be a load of work with the huge number of the altcoins in the market the common scenario that has happen with altcoins

1. There is no assurance that you can earn investing on altcoins unlike investing in bitcoin. Other altcoins liquidity are questionable so it can't get your money back whenever you wanted to.

2. Pump and dump scheme, Altcoins could be easily pump up especially the low total supply and this could be mean a trap where many people will going to anticipate the pump scheme investing more believing that it will go high. The next thing happe is that it will be going to dump for no certain reasons or just being told big investors pulling out the project.

3. Team abondone the project. Once the project is dead it can really be difficult to regain for project is abandon already. I think that most of the scammers are like this always creating new projects because it is more easy to get money from the crowd through ICO or DEFI crowdfunding projects.

4. All altcoins market are mostly dependent on bitcoin market. Seldom to see in the list that it could move on its own without being influenced with the bitcoin market. Meaning that all altcoins had no value if it will not be paired to bitcoin directly or using other altcoins that is being paired with bitcoin. So, all of altcoins value are peg to bitcoin which sounds like as coins name after alt coins.

5. Most altcoins value falls down after it gets listed to an exchange if compared to their ICO price as I checked the projects that can be found on gecko sites regarding the ICO price of the tokens.

Most of the coins are set up to failed (Not all). If this is the trend in these altcoins then why invest such that can make you more losses? I suggest  not to believe on the bounty hunters stating that the project is good, team is good, gathered funds is good and or at the part where low cap was achieve and project is good to go. Yet, the tokens will be listed in a cheap exchange or no listing at all due to the common reasons such as

1. The project is still being developed an promised within next 6 mos. to.deliver. But nothing has changed after 6 mos. (false hope)
2. That one of the member of the team had been replaced or there is a misunderstanding within their team and they are still couping up with that problem.
3. That they are following the regulations of the government where project was basing and that the cause of project delayed.
4. The listing will get delayed due to pandemic.
5. The project is doing great with new affiliates which they are waiting for something great to happen but it weren't (you will again a victim of false promise)
6. There was no funds collected at all and it was just a false claim that they had claim much funds to trick you to trust them and invest in their projects.

There are so many reasons why you should chose to be careful with altcoins or investing in projects. If you do not want your money to be wasted then invest directly on bitcoin or to establish altcoins and not the new projects that are only good in making false hopes.

You or we as a newbie in investment would you rather care to invest in altcoins even with the current conditions stated?

Are you still willing to take the risk?

a1. There are no assurances you will earn money investing in any cryptocurrencies, not just Bitcoin. Yes, a lack of liquidity can make it difficult to trade but projects with lower liquidity may provide a greater opportunity for arbitrage/profit.

a2. All cryptos are subject to pnd schemes, in Bitcoin we call it a "bart". The market is unregulated.

a3. Agree, there are a lot of pump and dump schemes, rug-pulls, exit scams in crypto ICOs and DeFi, that's why I only invest in established projects like $0xMR. It's POW and the dev team doesn't control the supply so they can't dump on investors.

a4 Somewhat agree, most cryptos now have USD trading pairs and not all cryptos have BTC trading pairs. It's normally the BTC trading pair bots that dump altcoins when Bitcoin moons. $0xMR has DAI and ETH trading pairs and there are no BTC trading pair bots to manipulate the price.

a5. Agree, ICO investors run to dump tokens on exchanges as soon as they are listed. It's best to avoid investing in cryptos that held an ICO without a vesting period for investors. $0xMR had no ICO and all tokens must be mined into existence.

b1. Somewhat agree, depending on what the team is building, sometimes it can take longer than 6 months to release a product. For example, $0xMR is still building xTip and 0xMixer but they have succeeded in platform integrations, partnerships with casinos and a DeFi platform, and token bridges during that time period.

b2. Agree, often times there are disagreements between team members that can destroy a project, just like any business. $0xMR is a leaderless community project and although there is a team behind it, anyone can develop or promote the project. $RVN is similar in that regard.

b3. Somewhat agree, if a project held an ICO it is subject to regulation. POW projects like $0xMR that had no presale or ICO are not subject to the same restrictions.

b4. Disagree, I haven't seen cryptocurrency projects delay due to covid, if anything development speed has increased because devs are stuck in their homes.

b5. Agree, there are a lot of pie in the sky promises when it comes to crypto. That's why it's important to invest based on fundamentals like tokenomics and a business use case rather than "the tech".

b6. Agree, I suspect many ICOs are falsifying their fundraising volumes to make it appear more people have invested funds; people want to invest in a successful project. $0xMR does not want your money, the devs work for the benefit of the Ethereum ecosystem.

[laryuska666]

You don't have to invest in altcoin if you are worried if the altcoin can't profit. You can only select bitcoin for your investment and never check on the altcoin market. You can buy bitcoin as many as possible because that is the best investment in the crypto market. You don't have to analyze more about the altcoin because you already have the best investment.

But if you are willing to invest in the altcoin, that can give you additional profit in the future because the altcoin will rise after bitcoin touch the high price. I suggest you to try to analyze the top 10 coin list at the coinmarketcap or coingecko, so you can get the good coin to invest.

Bitcoin is the most stable cryptocurrency and it is impossible to get more profit on Bitcoin.
Altcoins are much more volatility. There are some promising altcoins of the projects that offers a prospective technologies. But a lot of depends how these technologies will be realized.
Also many altcoins now use staking system to attract the community and pay users rewards for holding tokens.
This is an article about different kinds of staking systems and their advantages - https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc

[Geleve]

From my point of view, altcoins are not yet ready as long term investment. Before i was also thinking about finding gems and hold them for long term. But the fact is this market is not enough stable yet for think about long term investments. But altcoins are good option for daily traders and scalpers for sure.

[adzino]

Sounds like you are saying all altcoins are shit, which isn't true. There are altcoins that are well established and known with active community and developers. You can invest in those and hold them for making profit in the long run. Not all altcoins are pumped and dumped!

-snip-
If you are new in cryptocurrency and will going to check what crypto you might be into in which you think will put a good use especially if you wanted to integrate it in your exisiting business then make a good use of bitcoin. The problem is that chosing between those coins is already a difficult task. What could be more when you wanted to check the coins one by one? It will be a load of work with the huge number of the altcoins in the market the common scenario that has happen with altcoins

There are "businesses" that are accepting multiple altcoins and are doing fine. I doubt it is going to be a "load" of work. If you have been following the market, you can easily know which ones are the "real" altcoins and which ones are scam coins.

-snip-
1. There is no assurance that you can earn investing on altcoins unlike investing in bitcoin. Other altcoins liquidity are questionable so it can't get your money back whenever you wanted to.
-snip-

There is no assurance you will be earning any profit investing in bitcoin too!

[raidarksword]

Investing on low cap altcoin projects is a suicide hence there are no guarantee that profit is inevitable even it's still in development phase because some of them just give false hope. There are some top tier altcoins by they way that is really promising to put venture with. As to newbie, always put self discretion before anything else because investment is a double blade sword wherein you can profit or take loss in the end.

[plvbob0070]

We should bear in mind that every investment is associated with risk, therefore, learn to invest your funds with awareness and knowledge. Personally, I am willing to take risks, considering some altcoins have great potential. The risk of losing your funds depends on how you make choices, like choosing a coin to invest. But if follow the process of evaluating the details of a project, then you will see there are also good opportunities in an altcoin.

[leea-1334]

I don't think I agree with saying Altcoins are not an option, they all have no fundamentals. In fact, many of the top 10 altcoins on coinmarketcap are great choices. It is true that Altcoins are still very dependent on BTC but in fact Yearn Finance has broken it by giving a surprise to all

Not all of them don't have fundamentals. I always stick to my Monero and my Litecoin just because of this, but yes,,, fair to say almost any altcoin bought up since 2019 has shit value because of zero fundamentals. If not for centralized efforts to push, market and promote them they would never be anywhere.

[Atang Sulaeman]

in any investment it is true for beginners it is better to invest in altcoins that are really trusted and proven to be profitable in investing,
such as Bitcoin or ETH, because these coins are truly proven and are not in doubt. still we have the initial capital to invest.

[benthach]

one thing newbie need to know, altcoin investments is very high risky

[Jocuserious]

in any investment it is true for beginners it is better to invest in altcoins that are really trusted and proven to be profitable in investing,
such as Bitcoin or ETH, because these coins are truly proven and are not in doubt. still we have the initial capital to invest.

Top altcoins are always best for beginners if they are willing to invest very early. Because there are many beginners who rush to invest in crypto without any kind of research. Such like BTC and ETH is best if a beginners want invest in first time.

[criket]

I don't think I agree with saying Altcoins are not an option, they all have no fundamentals. In fact, many of the top 10 altcoins on coinmarketcap are great choices. It is true that Altcoins are still very dependent on BTC but in fact Yearn Finance has broken it by giving a surprise to all

Not all of them don't have fundamentals. I always stick to my Monero and my Litecoin just because of this, but yes,,, fair to say almost any altcoin bought up since 2019 has shit value because of zero fundamentals. If not for centralized efforts to push, market and promote them they would never be anywhere.

but at least this year there have been several market price returns for altcoins and bitcoins. when we bought altcoins while the market was completely still after the market crashed, at the moment I think we've got a pretty good return. for people who don't have big capital like me. of course, playing with the small pumps that occur in the market really helps to grow the value of the assets held.

[bitgolden]

What I really love about newbies is that they gather a lot more information about projects than older people did when they were newbies. A newbie in 2015 wasn't this well informed and did this much research, whereas newbies in 2020 do a lot more research and know tons of more information. This is why they know that a project doesn't even need to be a scam, it can be just a bad project that fails and it really doesn't matter, it doesn't change anything just because it is a legit and not a fake one, if it fails it still is as hurtful to your economy as a scam one, in the end result you are not making anything at all.

So long story short, newbies of today are going to make the altcoin world a lot better in the future when they become veterans, and new newbies will be even better than todays' newbies, future of altcoin looks a lot more bright to me than it used to be.

[South Park]

And most of them fall on the category of scam projects. And even if you do your due diligence and investigate the team behind, it's not an assurance as well that's why altcoin investments is very risky specially for newbies.

Of course for veterans in the market, specially the pump-and-dump, they can get away with it and make a huge profits. And that's why there are still a lot of groups doing this because it's a very successful methods and many newbies still fall for this groups, and they didn't know that they are the victims here until it was too late for them.

Which is why I have always thought that money management skills are the most important in this market, lets suppose that there is a newbie without those skills and another one with them, and both of them invest in a pump and dump scheme, the one without this knowledge invest all his capital while the one with the knowledge invest 2% of his capital, both are scammed and they lose half of what they invested, but in the case of the newbie with no money management skills he lost 50% of his capital while the one with the money management skills only lost 1% and still has 99% of his capital.