Why altcoins are rampant in the market

[zachyboy090118]

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

In my own opinion, we need to invest on old coins rather than new coins. Most of the time when btc is in high value, all coins also rise up and defend on btc. We need to be aware, because thats the time newly coins promoted and do there job to make there token valuable or turn into shitcoins. I think if we really like to invest in others coins, prefer on those mature coins running in the market for more than 3 years and up and have a good reputation in the cryptomarket.

[lepbagong]

In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

We definitely should take benefits from them as long as it’s possible. Of course, it is difficult to find not a scam for long term holding, personally I do in the following way:
First of all, I investigate the idea of the altcoin’s project and its docs, then I overview the team members and I also check if any “whales” are going to invest in it. Secondly, I find out about marketing campaigns and social media. Also I get know if there is a big community and there are many people who trust it and want to invest.

what you are doing is very detailed so as not to make mistakes that result in losses. but is what you do almost certainly will work too? does not guarantee that, but of course it is a step that needs to be appreciated. because there is no other way we should do as much detail as possible to avoid fraud, but now many are smarter than what we think, because they have indeed made it a field for making a living by continuing keep on deceiving for he own benefit

[sgenuine]

To my mind some altcoins also worth investing in them for a long term, so I stick to the strategy of buying BNB, Matic and some other altcoins that I believe in, together with BTC and ETH on a regular bases, no matter if they are growing or falling at that moment. But I am choosing very carefully. First of all, I open the coinmarketcap top-100 list and then I investigate altcoins from this list that are not on peaks now.

[Psynthax]

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

You should not judge and generalized all these alts. First is that many alternative coins are used and have utility that determine their prices. Some of this alt coins are even richer in feature compare to Bitcoin. I know many projects are coming out scam after being successful and that's where our investigative instinct should appear.

Altcoins that are high quality usually indeed have a product to offer and these product offer real utilization for the coin so its not right for people to undermine Altcoins.
The rampant release of Altcoins is nothing but just a normal phenomenon where people trying to make their own coin while also offering product but the market will select which coin deserve to have value. It's not a problem for altcoin to be consistently released.

[fileo]

Some wants to invest in Bitcoin rather than in Altcoins because they have enough courage for long term investment. Some choose to invest in Altcoins because they also have enough courage for short term or long term goal depends on what altcoins they have. There are altcoins that went into x100 faster increase than Btc. So, the alternative investment is sometimes good.

[guydin]

I divide all altcoins into two groups: “hype” coins that I can trade and fundamental currencies. By hype altcoins I mean something useless, but something that is being pumped by authoritative channels. On the other hand, fundamental currencies I hold and regularly buy more, especially on drawdowns. Under such currencies I see good ideas, strong communities and caring teams.

[yazher]

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

When they saw the opportunity on what creating altcoins would give, they rush to learn how to create one. every single one of them has their own vision and their aim is to make an innovative payment system that will lead their own project to success. But everything change when the scammers join the caravan and created their own altcoins too. People's trust has been dramatically subsided until only a few people are willing to try those new coins that have been emerged lately. Right now, the focus are on the top altcoins because they are already proved that they can last longer than what the others expected and those new coins have only a few investors that will support them for now until they will prove something.

[Questat]

I divide all altcoins into two groups: “hype” coins that I can trade and fundamental currencies. By hype altcoins I mean something useless, but something that is being pumped by authoritative channels. On the other hand, fundamental currencies I hold and regularly buy more, especially on drawdowns. Under such currencies I see good ideas, strong communities and caring teams.

We need to become technically strategic in the market to which we belong. I'd sometimes make a buy order for hypes coins but once I've gained a profit from them and seeing it started to dump, I have no longer to invest them back. Why? it was to know that these kinds of coins won't recover shortly but usually, they will sink on the deep and have less chance to recover.

The wisest thing to do is to invest those coins that are worthy enough for our trust. Because even we wait for how many years, we can still expect possible returns unlike what these hyped coins can do for us.

[CryptoG99]

I divide all altcoins into two groups: “hype” coins that I can trade and fundamental currencies. By hype altcoins I mean something useless, but something that is being pumped by authoritative channels. On the other hand, fundamental currencies I hold and regularly buy more, especially on drawdowns. Under such currencies I see good ideas, strong communities and caring teams.

What do you think of Black Eye Galaxy ($BYG)? It actually has utility token in the upcoming game. It has some hype around it and some serious gains in the last few days. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking. After a new planet is discovered it will be sold on the marketplace. The person that originally found it earns 40% of the revenue while another 10% goes to his civilization.

[liqidoxgen]

The cost of Bitcoin is already quite high now. Investors with small deposits should diversify their investments, paying attention to the opportunities presented to them by strong altcoins. Not forgetting the risks of course.

[BayAngelo]

bitcoin is a store of value and has no means of allowing project to develop in the blockchain. i think it is just financial investment. so ethereum and other new blockchain projects sieze the opportunity to introduce platform where developers can build and create alternative decentralized projects to promote the blockchain business. these are the game changers.

[Pelana vreo]

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In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

Which altcoin are you referring? if you have top altcoins like Ethereum and BNb then there is nothing you need to worry about because both coins have a good market cap in the crypto market
if you mean a new coin such as a newly listed coin on coinmarketcup, then choose an altcoin that already has technology that can be used and wait for some updates from the development team

[Niobeh]

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

You should stick more to Bitcoin and less on altcoins provided that altcoins nowaday will just die before they are being launch at their ICO.I think if you want to invest in Altcoins, just invest what you can lose

[indo1]

Such altcoins are usually made by people who want to make a big profit instantly, as well as the person who buys them, they support the coin for a while, when the price is above, they sell it and forget about the coin, so those who buy at the end will be very losing. It would be better to choose a major coin to invest in.

[FairUser]

Such altcoins are usually made by people who want to make a big profit instantly, as well as the person who buys them, they support the coin for a while, when the price is above, they sell it and forget about the coin, so those who buy at the end will be very losing. It would be better to choose a major coin to invest in.

It's not overwhelming, but I find it to be a true reflection of the influence it is having on real life. Viewed in this field it is necessary to consider it as a combination of technology and finance, and the emergence of such a field will always create an attraction to exploit it, but more does not mean that it will be good. Perhaps this period will still be seen as people's access to this market. Until we understand it better, the selectivity of the good will create a market that is truly harmonious in all respects.

[Sithara007]

Such altcoins are usually made by people who want to make a big profit instantly, as well as the person who buys them, they support the coin for a while, when the price is above, they sell it and forget about the coin, so those who buy at the end will be very losing. It would be better to choose a major coin to invest in.

The supply will be there only if there is demand. There are enough number of users available to purchase these coins, and that is the reason why we witness the listing of hundreds of new coins every week. A section of the cryptocurrency users don't have the patience to wait for 3-4 years to get profits. Mostly they are the ones who invest in these coins, hoping for a return of 10x or 20x in a matter of few months. In some cases they may get lucky and may be able to sell their coins when the pump is going on. But in a majority of the cases, it will be the promoters who remain as the sole beneficiaries.