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Author Topic: Altcoins seem like they could be the way to go  (Read 168 times)
asriloni
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January 10, 2021, 02:50:47 AM
 #21

Altcoins have always been the way when you want to make more money than just investing in BTC/ETH. But it comes with a much higher risk.
Those coins are the same. When you are investing in bitcoin when it was around 7k last year and you have been making 5x ROI for your investment and the same thing can be applied into the altcoin too when you are investing into the legit coins and that will give you possibility to get huge ROI from your investment.
Altcoin gives an alternative way for people who can't afford to trade or invest a lot in bitcoin. It's just like an alternative solution for low - medium tier of traders.

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January 10, 2021, 04:33:02 AM
 #22

Altcoins have always been the way when you want to make more money than just investing in BTC/ETH. But it comes with a much higher risk.
Those coins are the same. When you are investing in bitcoin when it was around 7k last year and you have been making 5x ROI for your investment and the same thing can be applied into the altcoin too when you are investing into the legit coins and that will give you possibility to get huge ROI from your investment.
Altcoin gives an alternative way for people who can't afford to trade or invest a lot in bitcoin. It's just like an alternative solution for low - medium tier of traders.

No. They are not the same. Bitcoin is going up, because of an increase in adoption and mainstream acceptability. But the same can't be said about most of the altcoins, as they haven't experienced the same. They remain in the same position they were a couple of years back. The prices are going up because of some spill over influence from the Bitcoin rally. As such, none of the alts have shown any improvement in the adoption or acceptability aspects.

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January 10, 2021, 05:19:36 AM
 #23

You're still lucky to buy at that cheap price.
I bought at $260 and I hope I can have more Ethereum at that time to avoid regrets later, which is now.
Never had the chance to stretch the diversify method.
Just XRP and Ethereum as my alts and some dust that I had been holding for years.  Grin
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January 10, 2021, 08:00:27 AM
 #24

I'm delighted to see that my 1.334 ETH is now rising in price again.  I bought $100 worth when it was down to ~$85 a coin with the intent of using it to fund more coins.   Now I'm reluctant to let go of it.  I recently took $300 and bought XRP while it was at 29 cents.  I have coins in ETH, XRP, XLM, TRX (as well as a trove of various ERC10/20 tokens). I feel like I'm just playing the FOMO game with just altcoins in my Ledger NANO. 

I have never felt more like salao old Santiago adrift in the bitcoin sea,  hoping I can continue to fight off the sharks while holding out hope that a big whale passes me by long enough for me to gaze into its great big eye.
Ethereum is one of the most valuable altcoins and is superior to other altcoins. It is better if you holding your Ethereum hold because many projects use the Ethereum blockchain so that the Ethereum value will continue to increase.
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January 10, 2021, 08:02:40 AM
 #25

If you don't have a lot of money to invest, and want to get rich, you need to invest in microcaps that haven't mooned yet like 0xMR and UNCX.
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January 10, 2021, 08:11:41 AM
 #26

Hold your ethereum for more if you want to make more profit. Otherwise, you can sell it now to take your profit. But the altcoin still needs more time to get the altcoin season, but the price already increases for some altcoin. XRP is trying to rise after the bad news a few days ago. XLM and TRX can have the chance to grow, but like the other potential altcoins, XLM and TRX need time to rise again. You need to have more patience this time, and hopefully, the altcoin season can start this month or next month.
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January 10, 2021, 08:24:36 AM
 #27

With the surges in bitcoin price, one gets scared on when to buy and how many can you buy which turns out attention towards the altcoins market and by far, it's probably the best way to go though I must confess that I for one, is completely obsessed with bitcoin. But then, investing in the altcoins market  is a paying one as well with attentions on bitcoin growth but the investing power of investors more aimed at altcoins. It all goes down to being patience by the way as, not all would appreciate or boom as you expect but in time, they will.

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