Is Altcoin Safe for Investment

[Sebas.tian]

If there is any formula to find an answer for this question then no one is going to lose their money in cryptocurrency space. Altcoin is safe when you choose the right project to invest which is the real task, and in my opinion you can avoid investing on new startups which has more risks.

Preferably while not going for the top altcoins in the market instead of thing and contemplating what project to make investment with. The new generation of altcoins projects are fragile and need care before make invest, of recent the defis' started bullish and little did some investors know that they're be lured into a trap like in the day past (2017). Investment on a new startups projects are more risky than investment with top existing altcoin projects in the industry.

[sapnu]

Before taking altcoins as an investment, you must know what altcoins they are. See, many members here also said that some altcoins may be good for investment. but mostly not. You may take them for daily trading or short investment, this may work and make you profits as long as you can get the right strategy. But here, if you are taking the wrong altcoins, it may mean that you are gonna get dead coins or shitcoins. So, be careful, only choose the Top coins with certain analysis in order to know the right choice of your altcoin investment.

It is indeed true that most of them are not profitable, but that is why you should need to study and gain important information first about the particular project or coin you want to invest your money in for you to prove that your money is safe when you trust that particular altcoin. After gaining some data, you should know also what to do next by making a portfolio to have trading strategies and that portfolio will guide you since the market or the crypto itself is volatile, you should know when is the right time that you are going to sell or buy a token again. It is your decision, after all, so make a good one.

[darkphoenix2610]

Well, it depends on altcoins. There are altcoins that are safe and worth to invest but there are also altcoins that are not. Make your own DYOR when investing in altcoins. Take a look also at the top 100 coins/tokens in coinmarketcap then make research on the fundamentals of each token.

[speedforce]

We can't stop new altcoin from launching into market, altcoin is safe for investment just depending on the type of project you invest in. In investment risk is involved, just take your time researching well into the project and belief the best results to come from such a project.

But for new altcoin, better to invest when that coin already listed in some exchanges. Since many exchange will ask for legal documents to be listed. At least we can filter some of scam project to not be one of our portfolio

[imstillthebest]

the moment they encourage you and force you to invest with them because they are going to be succesful is one indication to tell that they must not be trusted and not all of them are like that but it can be 70 or more percent in the new alts now are more likely to fail .

 if you want safe altcoin investment go on the alts that are already on thier second version and those that have undergo on an upgrade . that is a proof that they are serious and want to evolve more

[mace15]

Do not invest on shitcoin project and always do your own research prior to invest. Altcoin may safe investment and may not. As what you said there are many projects coming in this industry and many also are scam. This is why we have to be more careful since many newbies also experience of got scam in crypto.

[arabianhorse]

Investing in Altcoin is a little risky at the moment. Bitcoin has now crossed its all time high but has not taken any correction. And Altcoin has not performed well so far. When Bitcoin goes down, Altcoin goes down with it. Some Altcoin has already performed well. However, it is possible to invest in Altcoin.

[adzino]

Well established old altcoins that have active community? Yes, they are safe to invest. New altcoins that popup every day? Nope they aren't safe to invest. Chances are you will lose all your money if you invest in those coins. You might see those coin value increasing 500x, but remember they are being manipulated by the coin creators. Once you invest, you will start seeing the price dropping and eventually die. Those are scam coins. Most of the coins (around 99% to be honest) are just shit coins because they add no extra value. They are just clone of other coins. So avoid those.
But, don't forget, altcoins are more volatile than bitcoins. So invest if you can afford to lose.

[Kang TB]

.
So how we make altcoin investment safe ?

invest in the TOP altcoins, but it still not safe my friend, because all kind investments is risky
but if we invest in the TOP altcoins we can reduce the risk of our investments,
so, the point is manage the risk, because the risk will always stay in any kind of investments

[Zanab247]

Yes, despite altcoin is not pumping the way many investors want it to pump in this season. Altcoin is about to increase to help their investors to make a good income from their trade.
Those who still hold altcoin the season is about to start to help people to recover all their lost they experienced during the pandemic.

[judas]

In my opinion, the risk is getting bigger on altcoins. Because there are too many altcoins in the market and we see new ones every day. It is too hard to fully trust an altcoin because of that. We need to make a really good research before trusting an altcoin. For example, there is just one altcoin that I fully trust and it is Ethereum.

[NeilLostBitCoin]

Do not invest on shitcoin project and always do your own research prior to invest. Altcoin may safe investment and may not. As what you said there are many projects coming in this industry and many also are scam. This is why we have to be more careful since many newbies also experience of got scam in crypto.

Altcoins were also safe as an invetment but investing in some altcoins which are Ripple, Binance and the dominant altcoin was the ETHEREUM. i bet it would be safer to invest in the Ripple which has a continuous maket rise up this past few days. Trusting in a shitcoins may lead you to failure, hence here in forum we are talking up which altcoins are for good investment and i bet you should take this advise for you to be aware.

[bountylayomi]

Well, it all depends on how you view it and level of expertise also matters in all of these things. As for me, altcoin is safe for investment, just know the in and out of the project you are buying into their token/coin. You should ask yourself questions like: What problem(s) does this project solve? Is it potential at all?
You would only find answers to the related questions in the place of research. And that's how I personally found https://bluzelle.com
All the best!

[posi]

Well, it all depends on how you view it and level of expertise also matters in all of these things. As for me, altcoin is safe for investment, just know the in and out of the project you are buying into their token/coin.

I guess you don't understand that the pitfall in term of investment in newly/startup project is high and knowing the in and out of the project doesn't mean the project will be successful or the project teams won't scam their investors because are done in different ways.

You should ask yourself questions like: What problem(s) does this project solve? Is it potential at all?
You would only find answers to the related questions in the place of research. And that's how I personally found https://bluzelle.com
All the best!

It good to make a good research about the project before investing in it but it better to invest in a project that's doing well in the market for years or already listed a new project that's doing well after exchange trading competition.

[umityesil]

Zil Coin Analysis https://bitcoinheat.com/2020/12/04/zilliqa-coin-price-prediction-2020-zil-coin-analysis-zilliqa-coin-crypto-zilliqa-coin-chart-zil-coin-value/

[aysha9853]

Altcoin investing in my opinion is safe, if you look for it in the Top Altcoins, the best with a lot of trading volume, for example ETH and LINK, and if you buy or invest in new altcoins that are not necessarily good, you better leave and don't invest

[zidanw]

Investing to Altcoins especially the new one would be very risky but if you managed to find some good project that is good for long term investment I think you will earn good profit out of it it's just a matter of luck for new projects.

[Chainsmokers]

invest the right ones invest in one of the top coins because top coin has the reliability of all of them just waiting for the bull run season to come the price of coins will go up but if you want to take high risks and easily get profit could invest in new altcoins because of the fairly fast movement in the market

[kpierce77]

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invest in the TOP altcoins, but it still not safe my friend, because all kind investments is risky
but if we invest in the TOP altcoins we can reduce the risk of our investments,
so, the point is manage the risk, because the risk will always stay in any kind of investments

Investing in top coins is always the best solution and at least can increase confidence in our investment. Altcoins are currently also growing with the presence of DEX, so before buying any altcoin, try to do your research or at least check the smart contract

[montaga]

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 ?

This is nothing new. The problem started years ago when the corrupt coinmarketcap site listed the xrp scam. It opened the floodgate to the situation which is now. There was a lot of uproar at the time but bribes are a reality. Dont expect any change soon.