Altcoin investments have become risky this day.

[newdevices]

It's common practice that cryptocurrencies are a quick way to get rich, with $100k or less capital you can start a project that pumps a week or a month and makes the value skyrocket up to 10x then they sell all the stock and leave and start another new project. this is what makes the reputation of cryptocurrencies increasingly difficult for many people to accept.

If you think cryptocurrency is a quick way to get rich, then it is possible that cryptocurrency can also be a quick way to become poor when someone starts buying any cryptocurrency product at a high price and now he has felt a decrease in the value of his lost assets so that he becomes poor in a matter of seconds. weeks as well as months. Because in cryptocurrencies, the benefits and risks are always more balanced.

That's true because we're used to seeing only the best-case scenario without seeing the worst-case scenario too,
to be rich or poor it all depends on ourselves in managing either trading or investing in crypto,
like buying coins at the highest price of course it's not the right decision

[virasisog]

It's common practice that cryptocurrencies are a quick way to get rich, with $100k or less capital you can start a project that pumps a week or a month and makes the value skyrocket up to 10x then they sell all the stock and leave and start another new project. this is what makes the reputation of cryptocurrencies increasingly difficult for many people to accept.

If you think cryptocurrency is a quick way to get rich, then it is possible that cryptocurrency can also be a quick way to become poor when someone starts buying any cryptocurrency product at a high price and now he has felt a decrease in the value of his lost assets so that he becomes poor in a matter of seconds. weeks as well as months. Because in cryptocurrencies, the benefits and risks are always more balanced.

Having crypto as a shortcut to getting rich is actually the wrong mindset. You should know that there are risks that you have to take before getting the profit that you want and not all cryptocurrencies could provide you the profit that you expect. Your profit will still depend on the potential of the coin that you're going to buy. Also, there's no guarantee that your investment will always succeed so don't expect too much because some coins fail.

[n0ne]

It's common practice that cryptocurrencies are a quick way to get rich, with $100k or less capital you can start a project that pumps a week or a month and makes the value skyrocket up to 10x then they sell all the stock and leave and start another new project. this is what makes the reputation of cryptocurrencies increasingly difficult for many people to accept.

If you think cryptocurrency is a quick way to get rich, then it is possible that cryptocurrency can also be a quick way to become poor when someone starts buying any cryptocurrency product at a high price and now he has felt a decrease in the value of his lost assets so that he becomes poor in a matter of seconds. weeks as well as months. Because in cryptocurrencies, the benefits and risks are always more balanced.

Having crypto as a shortcut to getting rich is actually the wrong mindset. You should know that there are risks that you have to take before getting the profit that you want and not all cryptocurrencies could provide you the profit that you expect. Your profit will still depend on the potential of the coin that you're going to buy. Also, there's no guarantee that your investment will always succeed so don't expect too much because some coins fail.

Well said, investments were a way to make one rich and meet his needs. Same time people always have a mindset that cryptocurrency investment is a way to get rich in a much easier way. Whether it is traditional form of investment or something as cryptocurrencies, investments are always subject to risk. It is our responsibility to understand it in a better way and move forward.

With most of the investors the blame will be over the cryptocurrency and not over them. Just with an improper understanding gets into the market, and finds hard to accept the reality.

[kapalmabur]

today in my opinion is not a risky day to buy some altcoins,
if you can read the technical analysis of course this is a good opportunity,
because altcoins are already at the bottom because Bitcoin has also dropped to $18k,
and I'm sure Bitcoin is also at the bottom, So why be afraid to buy altcoins?

[GelatikKembar]

It's common practice that cryptocurrencies are a quick way to get rich, with $100k or less capital you can start a project that pumps a week or a month and makes the value skyrocket up to 10x then they sell all the stock and leave and start another new project. this is what makes the reputation of cryptocurrencies increasingly difficult for many people to accept.

If you think cryptocurrency is a quick way to get rich, then it is possible that cryptocurrency can also be a quick way to become poor when someone starts buying any cryptocurrency product at a high price and now he has felt a decrease in the value of his lost assets so that he becomes poor in a matter of seconds. weeks as well as months. Because in cryptocurrencies, the benefits and risks are always more balanced.

Having crypto as a shortcut to getting rich is actually the wrong mindset. You should know that there are risks that you have to take before getting the profit that you want and not all cryptocurrencies could provide you the profit that you expect. Your profit will still depend on the potential of the coin that you're going to buy. Also, there's no guarantee that your investment will always succeed so don't expect too much because some coins fail.

Well said, investments were a way to make one rich and meet his needs. Same time people always have a mindset that cryptocurrency investment is a way to get rich in a much easier way. Whether it is traditional form of investment or something as cryptocurrencies, investments are always subject to risk. It is our responsibility to understand it in a better way and move forward.

With most of the investors the blame will be over the cryptocurrency and not over them. Just with an improper understanding gets into the market, and finds hard to accept the reality.

Basically, whatever the investment is, there will always be risks, so for me there is no investment that is really easy, including investing in cryptocurrencies,
and seeing the current conditions maybe this is the right time to buy Bitcoin and invest it in the long term,
Before starting to invest, it is very important to learn and understand it

[robattfield]

today in my opinion is not a risky day to buy some altcoins,
if you can read the technical analysis of course this is a good opportunity,
because altcoins are already at the bottom because Bitcoin has also dropped to $18k,
and I'm sure Bitcoin is also at the bottom, So why be afraid to buy altcoins?

Because of this long-term investment view of this market, I don't feel rushed or expect quick returns. Maybe technical analysis is only relative in the period when, today, overuse of this tool also makes many people stuck with them. About the general situation of the market, I think not. It is too quick to buy them even though BTC is still volatile, so it will take some time to observe how the market will move to come up with a suitable plan.

[litepool.ru]

It's common practice that cryptocurrencies are a quick way to get rich, with $100k or less capital you can start a project that pumps a week or a month and makes the value skyrocket up to 10x then they sell all the stock and leave and start another new project. this is what makes the reputation of cryptocurrencies increasingly difficult for many people to accept.

I don't pay too much attention to low quality products that are simply created and praised by a team of scammers to take money from ignorant and greedy people. That's only a small part of the big problem that's happening. When hype trends don't appeal, no one makes games like that anymore. Demand and supply meet the interrelationships taking place in this space that both promote and leave negative problems in this market.

[bounceback]

While the market is on a downward trend, Bitcoin the giant of the crypto market has seen a drastic drop, and other altcoins followed the same trend, will we be able to recover, another coin like Luna did a total crash which is so bad for investors. In this scenario, can we still trust a high and unpredictable volatile I investment such as altcoin in this bear season?

Only altcoins that have strong fundamentals and have gained high popularity such as ETH and BNB which I believe can recover when the trend of Bitcoin prices have returned to their peak prices, because after I suffered losses due to the collapse of the Luna coin price, I concluded that the coin that growing based on hype can't promise if they can provide better returns for us in the long term even though the coin is already included in the top 10 altcoins like Luna coin.

[FrozenBit]

When the influence is concentrated on BTC, altcoins are always more at risk in a bear market. And this has actually happened, having seen many or more trends fail with the hype surrounding them. I don't think now there will be a lot of people investing and joining the whales and sharks to pull off a recovery again. The current situation is also very bad as a number of large projects have failed recently, which has brought a more negative view of this market.

[Rupok]

If anyone wants to invest huge amount then I suggest you trade bitcoin and etherium or bnb.Cryptocurrency makes people rich just as easily as it makes them poor. Cryptocurrency requires experience.Many people invest huge sums of money in greed.  Many of them benefit and many of them lose.There is a huge amount of Altacoin in the current market.  One of them was scammed by Altcoin.Altcoin is a high-risk investment from the start as we have seen the luna coin crush.Many investors have suffered losses.So don't just put all your funds in one altcoin.

[fuguebtc]

 Maybe technical analysis is only relative in the period when, today, overuse of this tool also makes many people stuck with them. About the general situation of the market, I think not. It is too quick to buy them even though BTC is still volatile, so it will take some time to observe how the market will move to come up with a suitable plan.

I completely agree with you, I don't think too many analytical techniques should be overused. We all know technical analysis, sharks know it, and market markers know it. The market is unpredictable so don't trust everything it shows you. You should only buy when the price is right for you, and you should be responsible for your decision.

[serjent05]

Maybe technical analysis is only relative in the period when, today, overuse of this tool also makes many people stuck with them.

Technical analysis is indeed used in a relative period of time.  It isn't effective for a long-term speculation/prediction.  If you want you can use fundamental analysis to check the long-term performance of certain altcoins.

About the general situation of the market, I think not. It is too quick to buy them even though BTC is still volatile, so it will take some time to observe how the market will move to come up with a suitable plan.

Top 10 altcoins are less risky IMO, but of course, we need to observe them carefully before making an investment.  If you are familiar with TA, then use it to know the entry point, and if you wanted to check if it will do good in the future then do a fundamental analysis. And I suggest you do fundamentals first before using TA to check and see the entry point for trading.

[TheClownSong]

 Maybe technical analysis is only relative in the period when, today, overuse of this tool also makes many people stuck with them. About the general situation of the market, I think not. It is too quick to buy them even though BTC is still volatile, so it will take some time to observe how the market will move to come up with a suitable plan.

I completely agree with you, I don't think too many analytical techniques should be overused. We all know technical analysis, sharks know it, and market markers know it. The market is unpredictable so don't trust everything it shows you. You should only buy when the price is right for you, and you should be responsible for your decision.

identifying buying level was complicated since alot possibility that may happen in market. many time technical analisys was useless facing market sentiment , at overbougth or over sold are will not working while market sentiment dominate movement. technical analisys still usefull but the most usefull technique only by following trend no matter what indicator said. so many trader focus on rsi or other  indicators but forget on price action analisys.

[Smitty Werben Man Jensen]

traders will know that it's time to buy altcoins, because I'm a trader too, and at the moment I actually bought 3 altcoins,
the first one was Algorand, the second I bought Verasity and the third one I bought Nervos, please this is not Financial advice, still have to DYOR  

[bestcoins1]

traders will know that it's time to buy altcoins, because I'm a trader too, and at the moment I actually bought 3 altcoins,
the first one was Algorand, the second I bought Verasity and the third one I bought Nervos, please this is not Financial advice, still have to DYOR  

Telling other people doesn't mean it's a suggestion because any information that is available should always be considered by everyone when reading it, because in general I also bought three coins at this time, only the name is very different from what you mentioned. Bitcoin, Solana, Polkadot that's what I believe now so I bought it even though it wasn't based on advice from anyone else.

[RussianEnglishTranslation]

traders will know that it's time to buy altcoins, because I'm a trader too, and at the moment I actually bought 3 altcoins,
the first one was Algorand, the second I bought Verasity and the third one I bought Nervos, please this is not Financial advice, still have to DYOR  

Telling other people doesn't mean it's a suggestion because any information that is available should always be considered by everyone when reading it, because in general I also bought three coins at this time, only the name is very different from what you mentioned. Bitcoin, Solana, Polkadot that's what I believe now so I bought it even though it wasn't based on advice from anyone else.

Investing in SOL is very high risk right now. Have you researched the situation at SOLlend? The entire chain is about to implode. I think it's much safer to invest in new projects during this downturn. Projects that recently launched, like CNDL, won't have a lot of bagholders waiting to dump at the sign of any profit so that they can get out of the market, like you will see with other coins.

[romero121]

traders will know that it's time to buy altcoins, because I'm a trader too, and at the moment I actually bought 3 altcoins,
the first one was Algorand, the second I bought Verasity and the third one I bought Nervos, please this is not Financial advice, still have to DYOR  

Telling other people doesn't mean it's a suggestion because any information that is available should always be considered by everyone when reading it, because in general I also bought three coins at this time, only the name is very different from what you mentioned. Bitcoin, Solana, Polkadot that's what I believe now so I bought it even though it wasn't based on advice from anyone else.

Listen to suggestions of other traders but do whatever you have planned, otherwise, in bad results you will blame the person suggested that choices. Choosing top altcoins and investing smartly shouldn't be hard but for low capitals investing in small altcoins can boost bankroll incredibly fast in the bull market season.

Yes, take reference from different traders and doing self analysis is good than just going on someone's suggetion. In my opinion when you've got the patience to make profit out of the Investment, it isn't a problem to go with a low cap coins that are in good rank on the coinmarketcap. The problem is with the users, because most of the time there is big expectation on the particular coin we invested to grow against the market. This won't happen, and maybe the luckiest will experience something like that.

[milewilda]

traders will know that it's time to buy altcoins, because I'm a trader too, and at the moment I actually bought 3 altcoins,
the first one was Algorand, the second I bought Verasity and the third one I bought Nervos, please this is not Financial advice, still have to DYOR  

Telling other people doesn't mean it's a suggestion because any information that is available should always be considered by everyone when reading it, because in general I also bought three coins at this time, only the name is very different from what you mentioned. Bitcoin, Solana, Polkadot that's what I believe now so I bought it even though it wasn't based on advice from anyone else.

Listen to suggestions of other traders but do whatever you have planned, otherwise, in bad results you will blame the person suggested that choices. Choosing top altcoins and investing smartly shouldn't be hard but for low capitals investing in small altcoins can boost bankroll incredibly fast in the bull market season.

Yes, take reference from different traders and doing self analysis is good than just going on someone's suggetion. In my opinion when you've got the patience to make profit out of the Investment, it isn't a problem to go with a low cap coins that are in good rank on the coinmarketcap. The problem is with the users, because most of the time there is big expectation on the particular coin we invested to grow against the market. This won't happen, and maybe the luckiest will experience something like that.

Snipping out some ideas from others isn't really that a bad idea but relying on it fully isn't something that a good habit for you to follow or tolerate on.Nothing beats out when you do make your own analysis out of your knowledge and skills on finding good projects or something in related with investment decisions.

Altcoin investment was never been risk free since from the start on which it is really just normal on having that kind of behavior and movement which anyone could make out decisions something in related to this one.

[poodle63]

Isn't one of the divine advice of investing coming from some billionaires in investing is to become greedy when everyone else is in fear against the bearish trend?
That kind of advice seems easy to follow but in reality it's really hard since accumulating in bearish is like catching a falling knives.
Same thing with the current condition, the bearish makes most of the altcoins volatile, but could become such a great chance of accumulation and maybe gonna make another millionaires in the future.

[MCobian]

Isn't one of the divine advice of investing coming from some billionaires in investing is to become greedy when everyone else is in fear against the bearish trend?
That kind of advice seems easy to follow but in reality it's really hard since accumulating in bearish is like catching a falling knives.
Same thing with the current condition, the bearish makes most of the altcoins volatile, but could become such a great chance of accumulation and maybe gonna make another millionaires in the future.

It is indeed the best step to take when a bear market like now, collects coins that we consider potential, so when the market recovers we can
generate very large profits. But the reality is that it is very difficult for us to do that, because there must be a fear factor the crypto market will fall
even deeper, so it's not easy to buy coins during a bear market. It takes knowledge and good analytical skills to be able to do it. Because if
we have knowledge, we already understand how the crypto industry works, so we understand that the bear market is only temporary. That way
we are much more daring to buy coins during a bear market, then we must also be able to invest in the right coins, by having good research and
analysis skills, that way we can choose which coins are worth buying. Because if we choose the wrong coins for investment, our risk of experiencing
losses is much greater.