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Author Topic: Your recent altcoin investment and why?  (Read 1283 times)
capedbaldy
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May 27, 2022, 10:43:53 AM
 #41

Which token did you buy so that you felt the high risk was BNB?
When the market situation is like this no matter what we try it will still be difficult for us to get the profit, even if it is in a small amount but it will still go awry.
We also hesitate to buy, let alone to sell, of course we will feel a loss not a profit but even a dead end.
We don't need to doubt if you still hold BNB, I also have some BNB in my wallet but I won't panic if the current market continues to decline, BNB coin is very potential to recover when the market is green, unless you hold shitcoin then hope your assets can recover recover when the market is bullish.

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May 27, 2022, 10:44:30 AM
 #42

You can buy bitcoin if you are not planning to sell now, the price will still later increase, it can take months or few years before the price will increase significantly.

If you wan more ROI, you can try altcoin, but also altcoins are most risky and the can fail just like luna and TerraUSD.

Better not to buy altcoins for now because a small drop in bitcoin price would be a huge blow for altcoins. I mean altcoins will fall massively if bear market continues.

But if you want to invest in altcoin, these are few good ones:

  • shiba inu
  • doge
  • neo
  • Solana
  • dot

I don't sure and see potential with your altcoin choose like Shiba Inuand Doge coin because both coins have gone hype and popular, beside with Neo, dot and Solana actually still potential and have moment for reaching all time high later. I believe with Solana coin and I think that as only altcoin worth for investing beside not really believing with several list on your altcoin. I think you need patience with other coin and waiting next time hype actually with Doge coin and Shiba Inu for reaching higher price and have potential getting much profit on next time.

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May 27, 2022, 10:52:01 AM
 #43

I don't sure and see potential with your altcoin choose like Shiba Inuand Doge coin because both coins have gone hype and popular, beside with Neo, dot and Solana actually still potential and have moment for reaching all time high later. I believe with Solana coin and I think that as only altcoin worth for investing beside not really believing with several list on your altcoin. I think you need patience with other coin and waiting next time hype actually with Doge coin and Shiba Inu for reaching higher price and have potential getting much profit on next time.
Maybe he's overly assuming not to miss the moment to buy before the hype, but of course it's very risky to invest in meme coins without proper analysis, I would never invest assets on the wrong coin and I very thoroughly check the roadmap on each coin before invest.

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May 27, 2022, 10:55:24 AM
 #44

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days  Wink
I think it's too risky to buy a lot of altcoins now but I still believe in bitcoin , ethereum , BNB , SOL. They are at the top of the rankings on Coinmarketcap I'm sure they can make it through the bear market without any drama. I took advantage of the bear market to buy the coins cheaper but not taking profit now, because I believe they are good for long term.

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May 27, 2022, 11:18:00 AM
 #45

I hope you already know about YOP? Vaults in the YOP DeFi project combine one or more strategies to create mixed/diversified investment opportunities. The strategies in the YOP project can be viewed as building blocks that interact with one or more DeFi protocols to generate income. It is very nice.
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May 27, 2022, 11:35:38 AM
 #46

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days  Wink
I think it's too risky to buy a lot of altcoins now but I still believe in bitcoin , ethereum , BNB , SOL. They are at the top of the rankings on Coinmarketcap I'm sure they can make it through the bear market without any drama. I took advantage of the bear market to buy the coins cheaper but not taking profit now, because I believe they are good for long term.

I agree, I don't want to buy some new tokens right now, if I will try to buy some again it will need more and more research, many of the new projects in the market now cannot take the bear market, better to buy top 10 to 20 tokens/coins, check coingecko or coinmarketcap for the list. Right now I am keeping my small amount of bitcoin and matic, will try to hold until market gets green.
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May 27, 2022, 12:10:44 PM
 #47

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days  Wink
I think it's too risky to buy a lot of altcoins now but I still believe in bitcoin , ethereum , BNB , SOL. They are at the top of the rankings on Coinmarketcap I'm sure they can make it through the bear market without any drama. I took advantage of the bear market to buy the coins cheaper but not taking profit now, because I believe they are good for long term.

I agree, I don't want to buy some new tokens right now, if I will try to buy some again it will need more and more research, many of the new projects in the market now cannot take the bear market, better to buy top 10 to 20 tokens/coins, check coingecko or coinmarketcap for the list. Right now I am keeping my small amount of bitcoin and matic, will try to hold until market gets green.
buying new projects mean we must recognized its risk if rugpull happen, we know its hard to find legit projects in new project now due developers team quality . very rare to find dev team with high qualification and good attitude. top 10 cmc give us more certainity although its not 100% save due Luna case that happen recently.

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May 27, 2022, 12:11:10 PM
 #48

During the bear market I was very confused in choosing altcoins to invest in because all are very risky and difficult to make a profit in the near future, but for the long term I have some coins we can hold such as ethereum, bnb, solana and matic even though they are currently experiencing a decline but in the future they can definitely rise and will get profits as we expect.

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May 27, 2022, 08:35:11 PM
 #49

Even if the market is fluctuating, unstable, i did some small investments too
1.bnb
2.cake
3.tron
4.pnt
5.sol
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May 27, 2022, 08:49:17 PM
 #50

During the bear market I was very confused in choosing altcoins to invest in because all are very risky and difficult to make a profit in the near future, but for the long term I have some coins we can hold such as ethereum, bnb, solana and matic even though they are currently experiencing a decline but in the future they can definitely rise and will get profits as we expect.
During pretty dire market conditions where we saw price drops and altcoins were clearly experiencing sharp declines, I decided not to enter for the time being. Didn't find any guarantee of a short return. The bear market has started and sees Bitcoin below $30K. Indeed, there is still support when it has not reached the line below $25K. However, it is difficult to say whether it will return above $30K or not.

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May 27, 2022, 09:02:32 PM
 #51

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days  Wink
Many of the top altcoins is now dropping  because Bitcoin is rejected at 30k$ resistance, it will be a bear market because bitcoin always affect the altcoins price, so there is a lot of altcoins to choose if we wanted to buy, i prefer to buy the bnb eth xrp xlm dot and many more top altcoin coin that can rise up high when the market conditions become better.

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May 27, 2022, 09:22:32 PM
 #52

Investing in other coins can be very risky considering the current market. So in the current situation I will focus more on buying Bitcoin and Ethereum to keep my funds safe. Luna Incident has taught us how a top coin can crash overnight. There is no guarantee that this will not happen with other projects. Investing in a place where the risk can be minimized would be the right decision considering the current market. So as an investor you should focus on where the risk can be reduced rather than facing a bad situation.

I have seen from my own experience that when I became over-excited and invested somewhere, I made a loss there. Therefore, the decision of investment should be made by watching the market movement, the investor should refrain from making any kind of decision based on emotions.

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May 27, 2022, 10:39:15 PM
 #53

And just like those who have been in crypto market and has seen the previous bear market, I would say that BTC only for me right now. I might be a maximalist, but I'm just afraid that the Luna incident might happen again in altcoins so I just withdraw all my investments on some altcoins that I have and put it all in BTC. But we will see, if I find some interesting altcoin project then why not? But for now, it's safe haven for me first and just want to make sure because of the current market situations.

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May 27, 2022, 10:48:42 PM
 #54

I think if you are trying to invest in any coin, I believe it's better you invest in bitcoin, that's the only investment I can assure you if you can hold then you will make your profit. If you still prefer altcoins then I will recommend few altcoins for you which includes; BNB, SOL and MATIC. I believe those coins are not really bad to invest in but if you are planning to invest in any coin now I think you should be prepared to hold for long term.

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JahriMeayer
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May 27, 2022, 11:23:03 PM
 #55

A few are in profit i believe cause after investment with altcoins, bear run start and the profit margin of altcoins are getting decreased. Recently i didn’t bought anything rather i sold some low potential altcoins and now they are 3x-4x down from their position. Yeah i bought luna which was universal investment when it was offering itself for cheap. But that was wrong decision with zero profits

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May 29, 2022, 07:57:42 PM
Merited by TheUltraElite (1)
 #56

I don't sure and see potential with your altcoin choose like Shiba Inuand Doge coin because both coins have gone hype and popular, beside with Neo, dot and Solana actually still potential and have moment for reaching all time high later. I believe with Solana coin and I think that as only altcoin worth for investing beside not really believing with several list on your altcoin. I think you need patience with other coin and waiting next time hype actually with Doge coin and Shiba Inu for reaching higher price and have potential getting much profit on next time.
Maybe he's overly assuming not to miss the moment to buy before the hype, but of course it's very risky to invest in meme coins without proper analysis, I would never invest assets on the wrong coin and I very thoroughly check the roadmap on each coin before invest.
Personally I would never bother with meme coins, but for those that want to do so then it is better to wait until the hype begins to take form, otherwise you may need to hold your coins for years while obtaining no profits at all while you could have used that money to invest in other assets and make money with them during that time, so with this in mind we must admit that right now is not really the best time to invest in altcoins, especially those that are not solid at all like meme coins.
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May 29, 2022, 11:26:50 PM
 #57

Personally I would never bother with meme coins, but for those that want to do so then it is better to wait until the hype begins to take form, otherwise you may need to hold your coins for years while obtaining no profits at all while you could have used that money to invest in other assets and make money with them during that time, so with this in mind we must admit that right now is not really the best time to invest in altcoins, especially those that are not solid at all like meme coins.

Many people buy it now because of Elon. I don't know if it is true but I found a pic of Elon's tweet that they can but something with the use of DOGE. In my own opinion, there's no bad thing buying meme coin as long as they can afford to lose and they don't put too much trust on it, they need to remember what happen next time. They need to learn that buying at peak will cause them losses, in my own asset I only have small amount of Bitcoin, bnb, matic and Solana.
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June 02, 2022, 07:21:12 PM
 #58

Personally I would never bother with meme coins, but for those that want to do so then it is better to wait until the hype begins to take form, otherwise you may need to hold your coins for years while obtaining no profits at all while you could have used that money to invest in other assets and make money with them during that time, so with this in mind we must admit that right now is not really the best time to invest in altcoins, especially those that are not solid at all like meme coins.

Many people buy it now because of Elon. I don't know if it is true but I found a pic of Elon's tweet that they can but something with the use of DOGE. In my own opinion, there's no bad thing buying meme coin as long as they can afford to lose and they don't put too much trust on it, they need to remember what happen next time. They need to learn that buying at peak will cause them losses, in my own asset I only have small amount of Bitcoin, bnb, matic and Solana.
I do not really put too much attention to meme coins so I was not aware people were buying again because of Elon, now the strategy you put forward is reasonable and if most traders follow it then I would not have too much of a problem with meme coins, but many traders do not use their money in this responsible manner and instead invest all their savings in those coins hoping to become rich in a matter of days or weeks, and those are the people which suffer the most when those meme coins collapse and their price goes down.
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June 13, 2022, 03:28:35 PM
 #59

Many people buy it now because of Elon. I don't know if it is true but I found a pic of Elon's tweet that they can but something with the use of DOGE. In my own opinion, there's no bad thing buying meme coin as long as they can afford to lose and they don't put too much trust on it, they need to remember what happen next time. They need to learn that buying at peak will cause them losses, in my own asset I only have small amount of Bitcoin, bnb, matic and Solana.
The problem is right there - those who are buying these memecoins have huge expectations deep down and when those get shattered or pulled for long they start becoming agitated and make a mess of their existing investments. Backed by the fact that such users rarely do a problem research on the asset they are investing in, they end up selling at a loss and never looking back at the crypto investment options like bitcoin.

Eventually we lose the young blood from ever buying bitcoin or using it. This in turn leads to reduction in the possible turnover of bitcoin users.

People follow millionaires blindly, which I dont like, but I would not try to interfere. But when it comes to making money, decisions should be backed by logic and critical understanding or economics which most people lack.

Going by that only bitcoin is the one which one can safely invest in.

 
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June 22, 2022, 04:17:20 PM
 #60

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days  Wink



there is always a chance between bloody markets, but I think the red trend will continue and this is not the lowest point.  so it is not wise if you invest for now and it will be very difficult to make a profit especially there are many shitcoins that will not reach their highest point of return.  and if i had to choose i would just wait for eth yes only eth which i think is quite good in long term investment and i think its value will go down even more.

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