Don't invest in roadside alt because of Bitcoin price

[BIT-BENDER]

Bitcoin price is exciting and the excitement has captured the focus of many into crypto-currency. But as it is many -Newbies- may think its the whole crypto-currency that is getting price exciting, that is the mistake many will make this year 2021, many scam coin may come in/hide-under the excitement of Bitcoin to make -newbies- that think fhe have lost out on Bitcoin to see them as the future, this can be a scam or un-productive investment, -newbies- this the price increase is not all crypto-currency but Bitcoin and the fact Bitcoin price is exciting is not a reflection that that all crypto-currency is a bulls-eye shot investment.

[livingfree]

but Bitcoin and the fact Bitcoin price is exciting is not a reflection that that all crypto-currency is a bulls-eye shot investment.

Right.

There will be other investors that will comprehend that because bitcoin is pushing its price upward, every single altcoin will follow it. That's very wrong.

It is not an indication that their entire altcoins portfolio will be brought up by bitcoin.

[hatshepsut93]

Newcomers to crypto are generally also newcomers to investing, and they don't understand how pump and dump works, or they think that they can outsmart the manipulators. The truth is, altcoin markets are insanely risky, and that risk makes it simply not worth investing. The past charts of an altcoin going to the moon is just a bait for noobs, it's always better to stick to Bitcoin or at least Ethereum, because you can be sure that they can't manipulated easily, just because they have billions in volume.

Don't be greedy, Bitcoin can already give you insane profits compared to traditional investments - there's no need to chase alts.

[Banulit]

Bitcoin price is exciting and the excitement has captured the focus of many into crypto-currency. But as it is many -Newbies- may think its the whole crypto-currency that is getting price exciting, that is the mistake many will make this year 2021, many scam coin may come in/hide-under the excitement of Bitcoin to make -newbies- that think fhe have lost out on Bitcoin to see them as the future, this can be a scam or un-productive investment, -newbies- this the price increase is not all crypto-currency but Bitcoin and the fact Bitcoin price is exciting is not a reflection that that all crypto-currency is a bulls-eye shot investment.

Every information that a newbie need to know and consider in this crypto industry is very well said by this. It doesn't mean that bitcoin is pumping and having its bullish run may indicate that altcoins will do the same especially if that is just a new developed alts. Dealing with cryptos, you really need to have prior and wider knowledge about it in order to avoid loses because crypto is so volatile. Also, bear in mind that if you really want to gain more in this industry you need to do it long-term.

[Saisher]

Bitcoin price is exciting and the excitement has captured the focus of many into crypto-currency. But as it is many -Newbies- may think its the whole crypto-currency that is getting price exciting, that is the mistake many will make this year 2021, many scam coin may come in/hide-under the excitement of Bitcoin to make -newbies- that think fhe have lost out on Bitcoin to see them as the future, this can be a scam or un-productive investment, -newbies- this the price increase is not all crypto-currency but Bitcoin and the fact Bitcoin price is exciting is not a reflection that that all crypto-currency is a bulls-eye shot investment.

We should take the lesson of 2017 where every coin even those obvious coins and tokens are pumped, investors should be wise now to check if the coin thery are going to invest are really worth it and not just because of the hype of the market or because of the bul run season, there are always trap on bull run.