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Author Topic: Is Altcoin Safe for Investment  (Read 17872 times)
Mauser
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April 12, 2021, 10:43:23 AM
 #501

there is always a risk
Yep, but you may earn good money

Without risk there wouldn't be any return. You can see from government bonds or money market accounts that there is return to be made right now. Risk free you can maybe earn 0.5-1% right now, with an inflation rate of 2% we are losing money each year if we don't invest it properly. The crypto market is huge with a lot of different alt coins, we can decide for ourself how much risk we are willing to take.
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April 12, 2021, 11:02:30 AM
 #502

Altcoins are the best investment anyone can think about because one correct investment can make you rich in such a short time. I have seen many people who multiply their initial investment to 100 times with promising altcoin such as binance coin, ethereum to NFT coins like Enjin, Sandbox, Decentraland. But one mistake can make you regret because the sea is full of shark who creates fake project to steal investors money. So before making any investment, I advice you to analyze it in a detail level to lower the risk involve.
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April 12, 2021, 01:57:42 PM
 #503

Altcoins are the best investment anyone can think about because one correct investment can make you rich in such a short time. I have seen many people who multiply their initial investment to 100 times with promising altcoin such as binance coin, ethereum to NFT coins like Enjin, Sandbox, Decentraland. But one mistake can make you regret because the sea is full of shark who creates fake project to steal investors money. So before making any investment, I advice you to analyze it in a detail level to lower the risk involve.

The problem is that you hear only about success stories. Those who lose their money very rarely post about it. For every project that has made a profit of 10x or 20x to the investors, there may be at least 50 others which have made them lose their capital. It is like a lottery with the new altcoins. If you are lucky, then you can become rich almost overnight. I know one user who had invested in two dozen different altcoins, and still failed to receive a profit from even one of them.
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April 12, 2021, 02:19:48 PM
 #504

there is no safe altcoin to invest, even Bitcoin is not safe to invest, because every investment has a risk and in my opinion the risk of investing in cryptocurrency is very big, because the profit from investing in cryptocurrency is also very big, but I think now is the right time for you to invest in altcoin, because the market condition is very good (altseason), so you will definitely get profit from investing in altcoin at this time.

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April 12, 2021, 02:30:48 PM
 #505

In my opinion, this has not any safe way to invest in cryptocurrencies, the price is pump and dump everyday. Somehow, the new altcoin can grow over 100% and drop 100% in the same day, and never invest more than you can afford to lose.

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April 12, 2021, 02:33:42 PM
 #506

In my opinion, this has not any safe way to invest in cryptocurrencies, the price is pump and dump everyday. Somehow, the new altcoin can grow over 100% and drop 100% in the same day, and never invest more than you can afford to lose.
for some beginners of course seeing the market in an uptrend will attract them. but you indeed say it is very risky if you choose the wrong asset.
if you want to get a safer moment to invest in the long term I think waiting for the momentum of the correction is the most appropriate choice.


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April 12, 2021, 04:51:25 PM
 #507

no one is safe in the world of investment, it must have risk, which makes it different only the level of risk. and in crypto investing of course there is a big risk, especially in altcoins, but it depends on the altcoin you choose, it can be good or bad

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April 12, 2021, 05:30:16 PM
 #508

Any investment is a big risk, those who have the guts to really invest in Altcoin is brave and is really a believer that no matter what it takes He will make sure to get the best profit afterwards. Although we cannot tell whose coin up and down, who or what will pump and who and what to dump, but sure if you have good timing and work hard on it someday you too will get what you deserve.

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April 12, 2021, 06:12:04 PM
 #509

I like LTC because it's fast and cheap fees when sending. But maybe not to the moon. If I had a business I would look into using LTC as payment to employees. And definitely it safe for investment.

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April 13, 2021, 01:35:38 AM
 #510

I like LTC because it's fast and cheap fees when sending. But maybe not to the moon. If I had a business I would look into using LTC as payment to employees. And definitely it safe for investment.

Litecoin is one of the altcoins in crypto indeed, but it is not only Litecoin. You can try to look at other good altcoin such as BNB coin.
Did you see the Binance Smart Chain hype lately ? There are many new DeFi projects launched there.
BNB is the best altcoin for me now, but i don't know if there will be better altcoin in the future.

For OP, both bitcoin and altcoin have risk, but i think altcoin is riskier than bitcoin.

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April 13, 2021, 03:36:58 AM
 #511

That's why we need to increase our knowledge so we can avoid SCAM.

I believe there's a lot of trusted alts you can invest, especially if you invest in top alts like BNB or ETH.
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April 13, 2021, 05:18:44 AM
 #512

In now days too much Altcoin Project are Launching one by one and all of them claim that invest in his project because we will be successful in upcoming days but in the end they run away and make a scam. They don't woory about people fund and stole them.
So how we can trust on altcoin to give us profit after investment. Because most of them become Scam and Scam. All of them has one Aim how to stole too much fund .
So how we make altcoin investment safe ?
To avoid getting fraud or scammed especially in investing with a new developed project you really must do your rigorous and deep research so that this kind of circumstances will not happen to you. Also, I suggest that instead of investing in new projects better invest it in some of the top 200 rank altcoins.

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April 17, 2021, 03:47:11 PM
 #513

In now days too much Altcoin Project are Launching one by one and all of them claim that invest in his project because we will be successful in upcoming days but in the end they run away and make a scam. They don't woory about people fund and stole them.
So how we can trust on altcoin to give us profit after investment. Because most of them become Scam and Scam. All of them has one Aim how to stole too much fund .
So how we make altcoin investment safe ?
You are safe if you invest in fairly mineable coins like RVN and 0xMR. Both have no dev wallets to dump on investors and since they are mineable, there is no way for the developers to exit scam.
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April 17, 2021, 04:15:38 PM
 #514

Not all coins are safe to invest. There are some coins that you can invest in blindly.  Ethereum and Binance coins are two popular altcoins.  The popularity of these two coins is at its peak in the current market.  So you can invest on two coins without choosing how many.
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April 17, 2021, 04:22:34 PM
 #515

There are several altcoin in the cryptocurrency space and several of them could serve as a good source of investment. I personally hold a handful of altcoin and I must confess that it has been a smooth ride especially since we're presently in the bull run. It's always best to make your research before investing in altcoin.
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April 17, 2021, 07:49:37 PM
 #516

This story has two sides to it. Alts allow you to collect more capital in a shorter period of time than BTC or Eth. If the economy fails, though, you might lose a lot of money if you just keep Alts.
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April 17, 2021, 08:22:55 PM
 #517

in my opinion, bitcoin is a good investment for long term.
Anyone who has bought bitcoin since 2009 was in profit after 3 years max. It means even if you buy a top, yu just need to be patient and you'll out perform dollars.

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April 17, 2021, 10:31:19 PM
 #518

All investments have some or the other risk. If there was no risk, everyone in the world would be an investor. There are also some risks involved in investing in Altcoin.  Before investing, you must do some research on those coins. Then if your heart responds, you can invest. You can also earn 2x, 3x profit if you invest in good coins.
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April 17, 2021, 11:13:13 PM
 #519

in my opinion, bitcoin is a good investment for long term.
Anyone who has bought bitcoin since 2009 was in profit after 3 years max. It means even if you buy a top, yu just need to be patient and you'll out perform dollars.

As per my experience, bitcoin is always been a better investment. However, since altcoin gives more returns ROI, we should also not miss the profit in altcoin season but trade with caution . Even a minor dump in bitcoin prices, can make us a big loss in alts so one should use proper stop loss while investing in altcoins.









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April 18, 2021, 04:43:18 PM
 #520

when you have invested in altcoins, of course you are at risk if you have projects that are not sure where the direction and destination is, many new projects emerge as the price of bitcoin continues to jump into competition in the crypto space and not all investments in altcoins are safe, it all depends on us how to play with these altcoins
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