Is Altcoin Safe for Investment

[bonyaserg]

For me personally, investing plays a big role in the profitability of my funds. And for this I choose the most relevant and profitable altcoins that will bring excellent profits. But to do this, you need to conduct an analysis and be sure that this altcoin will bring a good result. But overall, I almost always get great income from altcoins. And the most relevant altcoin at the moment is Ethereum, which has grown in price very much recently and has received an amazing capitalization.

[kenelmark]

For me personally, investing plays a big role in the profitability of my funds. And for this I choose the most relevant and profitable altcoins that will bring excellent profits. But to do this, you need to conduct an analysis and be sure that this altcoin will bring a good result. But overall, I almost always get great income from altcoins. And the most relevant altcoin at the moment is Ethereum, which has grown in price very much recently and has received an amazing capitalization.

Yes, for Ethereum there is no doubt about its potential and it is clearly very relevant to be invested in, because the benefits that can be obtained through Ethereum tokens must be very extraordinary for those who always focus on the market for only one token like Ethereum.

[NoG-NoG]

Without any doubt investing in altcoins is very good option especially if you want to earn a much greater income knowing for a fact that there are plenty of very promising altcoins in the market such as EGLD, ADA, DOT, LINK and AVAX. However, I suggest that you do your own research first to avoid not good situation such as losing funds.

[galestorm]

It really is hard to identify whether the project is a scam or not. My technique is, to visit the project's website, read the whitepaper, and join the telegram group. You just need to conduct some detailed research on their project. I go for projects that are feasible and have goals that are attainable. Some projects are good at explaining their goals but clearly they dont have enough resources and proof as to how they will achieve it. Sometimes I visit their FB page or other social media accounts. From there on, i decide whether their altcoin is safe to invest in

[soenan]

Basically, if you want to invest in a new project launched, you have to understand very well the type and concept of the project and you must be able to analyze starting from how their team works. we cannot eliminate the risk of any investment, especially in cryptocurrency, therefore my advice is that you should do your research first before investing.

[mirgo1791]

the work on deeper evaluation to shows with least of risks on cognitives with the trader, that more trader to manage with confidence as improving portfolio to deliver returns of results within the limit of expectation and follows with the next terms of investment plan with same or similar strategy as applied.

[ttcsalam]

Before invest you have to select what is sheet coin. if you can select shit coin then you can select what is the best coin for your investment.Then you can invest and get profit by trade.so at last i want to say if you invest good alt coin you can invest before invest need social site and all legal documents.

[geegaw]

Altcoins are safe but BTC is safer. Now with all that altcoins have bigger chance to go x10 or more. With bigger risk comes bigger rewards so it's on you to chose what will be best option for you now.

You say that it is safer to invest in bitcoin, yes because bitcoin is longterm you can leave it for even a few years and then just come back when the price is high crypto is very risky especially if you are a newbie to investing and buying a project you want to join in and do more research so that you will have more knowledge of what altcoins are more profitable and good to buy.

Safety here is only explained when you buy at a low price and plan properly, altcoin or bitcoin, both are within your options, don't think that bitcoin can hold steady value, we've had relatively low prices like $3000 at some point, for example, if you buy bitcoins at this point and after a few years, bitcoin drops to $3000, do you think this is a safe investment or not? The answer will certainly be the opposite of what you are saying, investing will have no safer option, knowledge, analysis and timing of participation and the price we buy will play a role for our safety

[Ronny29]

Before invest you have to select what is sheet coin. if you can select shit coin then you can select what is the best coin for your investment.Then you can invest and get profit by trade.so at last i want to say if you invest good alt coin you can invest before invest need social site and all legal documents.

Even if you choose "good coin" it does not guarantee a profit. Always have to evaluate risks - it is the key to successful investment.

[envane]

I find other than ETH, DOT and BNB be pretty futureproof.

[jjdub7]

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 ?

I think there is no exact formula in how to find the best and safest project in which to invest our money. There are many factors that can influence and I think it all depends on a very well done research of all projects.
And yet there is always a chance that we will fall victim to some fraud. We just have to be careful and research the projects we invest in very well, then hope that they will jump in price to make a profit.

[bonyaserg]

Personally, I think that investing in altcoins is very rewarding. But as elsewhere, the risk is present, so there is no 100% guarantee. So you need to study the market, analyze everything and only then make a decision. But there are also positives when investing is profitable, so I wish you the best.

[Matimtim]

Some of  altcoin are good for investment but not all altcoin, because some of them are just a coins with no value, so if you want to choose  altcoin for investment just be careful to choose where you want to invest your money to avoid wasting it.

[bitgov]

Yes altcoins are safe for investment provided you choose them wisely and dont gather cheap shit coins. See price of ETH, DOGECOIN, CARDANO, and LITECOIN, they have given huge return to there investors. While shitcoins are still sleeping.

[Alohadanc3]

For me it's yes. Cause I am in this market for a long time and I know which altcoins to buy. If you are new to this market I would say stay away from alts specially from those which have very low marketcap. But if you know about the market and know where when to invest then it's absolutely fine. You can pick any coin. Jute do some research before any kind of investment.

[raji1995naya]

There are two aspects of this story. You can raise more money from Alts in a shorter amount of time than you can from BTC or Eth. However, if you just hold Alts, you could lose a lot of money if the economy collapses.

[Westinhome]

Ill think this comment that I make are answers already but I add some few details about altcoins if is safe to invest or not.
For me Im doing work in altcoins in trading and investment I can tell it is safe and we can earn enough for investment but there are two things we always happen just like we earn big profit if the altcoins we invest are trusted and always updated the good news of the project and the second is to many shit altcoins scattered everywhere so we need to be careful if we invested some altcoins make some research first and choose wisely for picking some altcoins.

[TWW]

The safetiness of every crypto investments are still with the one who will invest whether it is bitcoin or even altcoins. The most important thing that you must do when investing is to do a very rigorous and deep researches to have a much safer investment.

insecurity more precisely occurs on the platforms where we store our crypto assets. be it bitcoin or altcoin, it all depends on where we store it.
overall crypto assets still have the risk of reducing the value of the investment we make. but in terms of assets that could disappear at this time, there are many choices of altcoins that we can trust. true as you say, the most important thing is to do your research first before buying an asset. because sometimes we can just choose the right asset but not at the right market moment.

[susuberuang]

I think investing in the crypto is very beneficial, but have very high risk, such as very large decrease in prices, so that it makes investors lose big, but if we master the Al technique of altcoin it can reduce the risk of the loss, so before you invest in crypto  you should first learn the ins, and outs of the altcoins you want to invest in,

[Cadaver20]

I think investing in Altcoin is safe and sometimes more profitable than Bitcoin. But in this case you have to choose the best altcoin such as ETH, BNB, DOT, LINK. If you invest in shitcoins, there will be no profit, but there is a possibility of a big loss. Always be wise before investing.