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Author Topic: Is Altcoin Safe for Investment  (Read 17872 times)
ArIMy11
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May 04, 2021, 07:50:24 AM
 #541

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 if am going to invest in altcoins like ETH or Litecoin, it is safe because these are good coins. I choose these over the other coins since I already prove to myself that these are promising coins and I can really earn in it even in long term investment. But for the new altcoins promoted on ICOs, it is has a higher risk. Some ICO's of the bounties I joined before did not succeed, while others are just scam.

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May 05, 2021, 09:26:08 AM
 #542

Nothing is safe on cryptocurrency market. What was yesterday a miracle or innovative, today could turn into scam and be worthless.
Bitcoin is the only cryptocurrency that can be considered relatively safe for a long term investment. Because its price is dependable only from a few influence instruments. While altcoins have tens of factors that can impact on their price.

If someone is looking for a safe investment, then invest in a fiat currency of a country with strong economy titans via a bank that is a property of a government. And make an investment in an amount that is insured by government. Dont know how to say it correctly and how it is in the world, but in Russia, physical persons investments are insured for 1,4kk RUB. Even if a bank looses license or goes bankrupt, the government is obliged to pay you back a maximum of 1.4kk RUB from your investment. Of course it might take years before you get your money, but still it is better than 0.

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May 05, 2021, 10:12:08 AM
 #543

Yes altcoins are definitely worth of investment but you need to take to consideration to do your own researches on your prospected altcoins because it is really volatile like bitcoin. Also, if you are looking for altcoins to invest with but you are a newbie in the crypto space better you try to research and invest on any of the top 100 altcoins in the market.

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May 05, 2021, 10:25:37 AM
 #544

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 if am going to invest in altcoins like ETH or Litecoin, it is safe because these are good coins. I choose these over the other coins since I already prove to myself that these are promising coins and I can really earn in it even in long term investment. But for the new altcoins promoted on ICOs, it is has a higher risk. Some ICO's of the bounties I joined before did not succeed, while others are just scam.
It is clear that the two coins that you mentioned do not need to be doubted,
both of these coins also have the potential to go up in the future is quite high so it doesn't hurt if we invest in both coins,
Apart from litecoin and ethereum I think there are still a lot of potential coins

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May 05, 2021, 10:55:31 AM
 #545

Yes altcoins are definitely worth of investment but you need to take to consideration to do your own researches on your prospected altcoins because it is really volatile like bitcoin. Also, if you are looking for altcoins to invest with but you are a newbie in the crypto space better you try to research and invest on any of the top 100 altcoins in the market.
that's why people always say use the money that you don't spend trying this. however, there are no guarantees when a hacker will attack an exchange and take what's inside. besides, there is always a risk in the business world. so before trying to invest big, you should consider every risk that could occur.

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May 29, 2021, 09:46:49 PM
 #546

If you want to make a safe investment, go with a fiat currency from a country with a robust economy and invest through a government-owned bank. Make an investment in an amount that is government-insured. I'm not sure how to explain it exactly or how it works in the rest of the world.
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May 29, 2021, 10:36:54 PM
 #547

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 .

Not all Altcoins aim is stole investor fund, many of them want to grow with the projects so the coin that their hold will grows too.
The sign of that thing is the team perform so well to follow the roadmap that they create before. Invest on that project if you found any.
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May 29, 2021, 11:05:26 PM
 #548

The safest investment method is of course doing a great research and mostly preferring the well-known altcoins to invest I think. Otherwise, there will be no such thing as "safe". Because you will never know about the project even a little.

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May 29, 2021, 11:23:05 PM
 #549

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 ?

If you want to invest in altcoins, look for the source of these altcoins, don't be fooled because you have a lot of fake altcoins that are very tantalizing at first and in the end make you sick, look for altcoins that have been going on for a long time and have increased over time, don't be fooled by low price which ends up making a loss.
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May 31, 2021, 03:33:51 AM
 #550

I think make invest in altcoin is higher risk than Bitcoin, we can check on CMC or others crypto tracker, alot of altcoin still below ATH. Altcoin only safer for short investment and not for long term investment. For longterm investment, I prefer to take BTC, GOLD and some bluechip of stocks. In 2017 alot of altcoin pumped hard but in 2018 turned to dumped hard, only investors who did understand the trend of market and did not greedy make money here. And for holder/ investor who did FOMO and greedy, they are possible to get loss above 90% because the trend of market anytimes can be changing.

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May 31, 2021, 05:46:40 AM
 #551

I think make invest in altcoin is higher risk than Bitcoin, we can check on CMC or others crypto tracker, alot of altcoin still below ATH. Altcoin only safer for short investment and not for long term investment. For longterm investment, I prefer to take BTC, GOLD and some bluechip of stocks. In 2017 alot of altcoin pumped hard but in 2018 turned to dumped hard, only investors who did understand the trend of market and did not greedy make money here. And for holder/ investor who did FOMO and greedy, they are possible to get loss above 90% because the trend of market anytimes can be changing.
Recently Defi hype moving up the market capitalization. During the bull run even shit projects give us profits, so don't underestimate any altcoins. It’s not about your altcoin portfolio but how much money will actually pour into the market. So, I’m genuinely curious why a lot of people are very bullish only on BTC, ETH etc. We should diversify our investment. Even meme coin that goes viral we have to bite on it.

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June 02, 2021, 06:42:11 PM
 #552

The safest currency for investment for me will always be BTC, it is the first option, then I would go for ETH and continue for Monero, Zen, Zcash, I say these privacy coins because I know that in some years investors will seek to be more anonymous, It will no longer matter so much how many cryptocurrencies you have or how many BTC, what will matter will be how you can do to transfer all that amount of money safely and that they are not tracked.

This is to guarantee security, because as time passes, thieves and hackers advance with the best programs to steal, here only the degree of security and anonymity will influence, that is why I think that privacy coins will shine a lot.

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June 02, 2021, 06:57:18 PM
 #553

Scammers are everywhere. We have to stay away from from them. So Invest In any new project without researching about their team and project. Then it's your fault. In this world everyone is not honest or everyone is not scammers so we have to find good for our profit and stay away from scammer.

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June 03, 2021, 02:17:20 AM
 #554

Totally safe if you can choose the right one. Don't buy alts because of hype or following your friend without knowing about that project your invested in. Always do your own research before you want to put your money in any kind of investment.

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June 03, 2021, 05:58:57 AM
 #555

Risks are inevitable. They are always present especially when you are investing in altcoins. The prudent thing to do is to exercise due diligence and always do your own research.

Your money is safe with the fundamentally sound project. Has a real-life use case, active team of transparent developers, backed by a positive community, solid road map and white paper.

The above conditions perfectly fits this underrated coin called XSN. Check it out!
Sendi blackspade team
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June 03, 2021, 06:02:22 AM
 #556

Totally safe if you can choose the right one. Don't buy alts because of hype or following your friend without knowing about that project your invested in. Always do your own research before you want to put your money in any kind of investment.
that is the mistake of many new investors.
they see how tokens or coins are being pumped and buy them. without knowing the risk that assets that are under hype could fall apart.
especially to follow the recommendations of people, it is very dangerous because we never know whether he did it by analysis or speculation.
better to study the market and project first. and determine our investment assets wisely.
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June 04, 2021, 10:22:07 AM
 #557

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 ?

It depends on which altcoins are you investing . If you invest in new altcoins , maybe you can make really good profit or you can lose your everything . But if you invest in good reputable altcoins like Eth, BNB, XRP,Link then I think your investment is Safe.

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June 04, 2021, 10:29:10 AM
 #558

Scammers are everywhere. We have to stay away from from them. So Invest In any new project without researching about their team and project. Then it's your fault. In this world everyone is not honest or everyone is not scammers so we have to find good for our profit and stay away from scammer.
If you want a safe investment, choose a coin that has been trusted from the start, such as bitcoin, ethereum, BNB, or other popular coins. maybe, right now Doge is better and safe enough. however, trying to invest in a new project requires knowledge, and information about it. So, if you want a safe investment, choose something popular. although not completely safe, at the very least, it makes the risk small.

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June 04, 2021, 10:51:33 AM
 #559

Altcoin investment will promising high profit according to right timing to enter the market, the duration between buy and sell, target profit , the season of market and the fundamental of crypto itself. We have seen in 2017, a lot of altcoin bullish and ATH up to 100x and we see it again in this year. Currently only in crypto investment that promising 100x gain, and I never see this huge gain in others instrument of assets.

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June 04, 2021, 11:46:51 AM
 #560

Altcoin investment will promising high profit according to right timing to enter the market, the duration between buy and sell, target profit , the season of market and the fundamental of crypto itself. We have seen in 2017, a lot of altcoin bullish and ATH up to 100x and we see it again in this year. Currently only in crypto investment that promising 100x gain, and I never see this huge gain in others instrument of assets.
Definitely x100 increase in altcoins is very possible, we've seen some of altcoins that have that kind of success in this bull run, however, in general, it's too risky as only a few will certainly rise knowing there's a lot of scammers in the crypto space.

The reality speaks, the higher the risk, the higher the reward.

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