Does altcoins actually have the potentials of generating benefits to investors?

[Sunrise360]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

[1715377744]

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[Javi_Anibarro]

Yes, they do, but as a beginner, you should deal with this too much because it will exhaust you mentally.
just stick to Bitcoin at the beginning and experience the market by yourself. After finding you are ready, then you can start moving your vision to altcoin.
jumping in directly to altcoin is dangerous especially for you as a beginner, altcoin is full of wonders.

[Ansu5801]

I don't know what you assume of altcoins, if you assume,these are the coin other than btc, if yes? Than there remains no doubt that alts makes a lot of money for short and long term investments, you can check the potential of alts on CMC or coin gecko, by comparing the trading volume of BTC with top 50 alts coin. And than you will understand the power of alts and how much people invest in it to earn passive income

[FirmWars]

You are scared of putting your money to test because you aren't doing the right thing like knowing the difference between a good project and a bad project, secondly you aren't ready to lose that money, the law of crypto investment is risking only what you can afford to lose.

[bitcampaign]

investors usually invest long term and it is definitely profitable differently if you are a trader, you can buy bitcoin or even altcoins from now on because when the market is bullish you will be left behind, sometimes people come to buy when the market is bull and never come when the market is bear , so it's time to take some for long term investment at least 1 to 2 years in the future it will benefit you, not guarantee for short term investment, but do some more research which altcoins are good for you, go and have a look at Matic and BNB

[samuraijin]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

If we talk about the past few years, maybe many investors have benefited from their investments, even many people who became millionaires at that time, because the projects in 2016/2017 were of good quality and long term, compared to this year, current projects. running aimlessly, even stopping in the middle of the road and the number of fraudulent projects, making all investors reluctant to invest their funds in the current project...

[TheUltraElite]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

You will always find people making money from different things. Some are making money from HYIPs and Ponzis. Does that mean you should go for them? This is your call.

Altcoins are not doubt profitable, but for the newbies going in to altcoins first would mean a bigger risk compared to bitcoin. Those altcoins which are old and are in the top10 list of CMC and CG, they can be tried but even then the possible profit with bitcoin is much higher if bought at a low price.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Professional traders dont come to forums.
Most of us are amateurs here but have been trading for a few years to know what is good for us.

[zeuner]

Technically, all cryptocurrencies besides Bitcoin started as random altcoins, and some were successful, so the potential is there. Regarding new ones, the question would be when the market will be saturated.

[jossiel]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Yes, there's the potential.

But not all of them will give you that potential so be careful in choosing them. It's because too many altcoins will just give you the hype feeling but eventually, that's going to be gone and you'll never like it.

Bitcoin, altcoins, or any projects, you need to pick the best that you can base on what you know about them. You DYOR before investing your money but if you're trading, you just can look for it on exchanges, see the volume and have them spot on.

[ItsCrafty]

First thing is that if you are new then you should decide to put précised amount of cash and remember that during starting of investment do not put such a big cash because condition is now in dump so it is difficult to get revenue until you wait for the accurate time. Without researching  you can not get cash back because lack of education make a person looser he even do not know how to enter in this locality. Yeah altcoins are the best way to make such a good income but before investment you should get deeper lessons about it.

[Bitstar_coin]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Crypto is high risk, altcoins are even higher risk and yes there is profit to be made in altcoins when you buy or trade the right project. As a beginner, I won't advise you to engage in trading because it requires lots of knowledge, experience, and patience. in your own case, I would recommend buying some of the trusted alts in the market if you really want to invest in alts or just buy btc to be on the safer side.  

However, you can keep watching the alts market, pick some good alts on any of the tracking apps like coingecko on your watch list and watch their price movement, doing this can help you understand the market better and make your decision. Just take time to observe.

[cloudfir3e]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on thaltcoins are a crypto alternative to bitcoin and have very profitable potential because altcoins consist of many cryptocurrencies.
altcoins themselves there are some coins that really follow the price of bitcoin and vice versa decrease when bitcoin goes up or even experience an increase in price when bitcoin decreases, making altcoins really profitable for investors and traders.
Altcoin price fluctuations also apply in the upward direction. Altcoins tend to experience more drastic price increases than Bitcoin.e potentials of altcoins.

altcoins are a crypto alternative to bitcoin and have very profitable potential because altcoins consist of many cryptocurrencies.
altcoins themselves there are some coins that really follow the price of bitcoin and vice versa decrease when bitcoin goes up or even experience an increase in price when bitcoin decreases, making altcoins really profitable for investors and traders.
Altcoin price fluctuations also apply in the upward direction. Altcoins tend to experience more drastic price increases than Bitcoin.

[Victorik]

A lot of persons have made it very big investing in altcoins. But this comes with a lot of risk attached, because investing in altcoins is a very risky venture that must be approached with caution.
For a start, do not invest what you can't afford to lose.

[BitDane]

There are indeed lots of early investors that benefited from altcoin.  If you look at the history of the top 10 altcoins today, some of them started at below $1.  For example the Ethereum, imagine if you are the one who bought it at $0.432979 way back Oct 20, 2015, you could be filthy rich right now.  But of course, there are also lots of altcoin that end as scam, running the money of investors away.

[BIT-BENDER]

Okay I will regard you as a beginner. And is would want you to make your choice first what do you want from alt-coin? Do you want to trade it or do you want to hold it. This are probably the top two ways of earning from Alt-coin. And you heard that Alt-coin has helped people make profits right that's true and it's also true that same Alt-coin has caused many to lose too.

I don't need to own Alts to know that the risk involved is much considering that they amount of them are too much, you would get advices that diversification is key but still there are possibilities of buy several alts and incurring loses from all of them I would give you few advice.

#Make up your mind on either trading or investing (or the both) and if it's investing then decide if you would do it short term or long term.
# know the difference between hype/News and reality. That's why you have to do your research.

# this is optional but I rather go for achievements that's Alts that has already proven itself to an extent rather than go for a new one because it's cheaper.

[milewilda]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Try to look into those top ranking altcoins in the market and i would say that those coins werent have much value back in the past or really does have low but choosing on which projects
would you invest then this is the toughest thing to be done because you dont know on what the future holds and this is where self research and other things needs to be done
before you do make out investment decisions.Yes its true that people would really be finding out other altcoins which they do know that making big profits is possible compared
into those top coins in the market which is expensive and potential multipliers are just too small and this is where people do make out some considerations on other options.

[sayaya17]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

I'm glad you have a fear when it comes to putting your money in altcoins, it means you are more careful in spending your money on something
you don't understand. Indeed, you should be careful and not in a hurry when trading on altcoins. Unlike Bitcoin, the large number of altcoins is
indeed a very high risk, meaning if you choose the wrong altcoins for trading you can lose your money.

If you hear that there are people who can make a profit from altcoins it's true, but what you have to understand is not all altcoins can give you profit.
That's why before you decide to trade altcoins, I suggest you learn everything about the crypto world. So you understand how to choose altcoins that
have the potential and can give you profit. My advice is just focus on trading on the top altcoins, it will give you a greater chance to make a profit.
Because the demand is high, it makes it easier for you to trade. In addition, top altcoins are more predictable than new coins, where new coins are
more volatile and risk being scams.

[MiF]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

many altcoins has a potential to make profits its depend on how you choose the altcoins and how you handle your asset, crypto is high on volatility  its a win or loss game and the investors or trader who has a big patience always win. Many investors earn but also many of them loss because they don't have patience and they can't control thier emotions when the market is bear because of greed so have patience and be good.

[lalabotax]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

It is true that many people got profits by trading and investing in altcoins. But you must be careful to choose potential altcoins to trade or invest in because some altcoins are too risky. If you are still a beginner, you are better to choose top altcoins that have strong fundamentals. Only buy altcoins that have good projects, have professional teams, have promising products, etc. Just avoid choosing meme coins and other only hype-based altcoins.

[Jating]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Of course, altcoin market is also thriving and I think there are many investors who made a lot of money. But the thing is that you should know how to look for gems and that is the most difficult part. You really have to chase and do your own investigations. There could be websites that can help you out with that so again, you have to do a lot o leg work. And it's going to be trial and error, maybe you found something and you think it will give you 10x-100x, but then the project turns out to be scam and just hype. So there is a lot of lessons to be learn before you succeed in this market.

[isaac_clarke22]

~

This is why you go first for Bitcoin and think about altcoins later on, since there are way plenty of altcoins out there that just don't survive the bear market. They are what you see called "shitcoins".
Those people that you're talking about are surely short-term holders and usually some. if not most of them, are just purely driven by hypes and those coins do not have utility at all. You would hear meme coins a lot in this section and I am pretty sure that you are not in crypto for memes anyway.

If you're into altcoins, just go to CMC and trade the top coins. It ain't worth risking your first investment/capital for such shitcoin that are way below top 10.

[harizen]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

To make things clear, yes, you can make a profit from trading altcoins. Lots of worthy altcoins there.

But the question is, what are those "Worthy" altcoins?

That's the question that you won't get from others as we do have our own preferences on choosing those altcoins. You need to test the waters at your preferred altcoins and do some tests if putting money on those will be worth it or not.

[pgbit]

There is no doubt that there are many financial benefits in altcoins for all investors but the condition is to have complete knowledge and awareness about altcoins.If you check the track record of all the good altcoins, their value has multiplied three to four years after their launch.There are also altcoins whose value has increased more than 10,000 times within a year.like Solana,Dot.If you adopt a safe investment strategy, choose such altcoins that are fundamentally strong, technically strong. Their backup, their partnership, their team is strong, perfect, powerful.  Investors have to choose a coins and invest in it every month or every week. If SIP strategy is followed then there are many benefits for all investors in Altcoin.

[GreatArkansas]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Think that most of the altcoins in the market now are scams or worthless, maybe 90% of them are not worth it.
Most of the altcoins now are just good in the beginning or they just want the people's money and after that, they start to vanish and have a lot of issues.
Over time, Ethereum for me is the only altcoin that is worth its investment others are not worth it. Well, just my 2 cents.

[lienfaye]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

Altcoins are also profitable but more risky than investing to Bitcoin. If you happen to buy the alts that are worthy to hold then its likely you'll gain from it. There are investors who made profit by selling for short term when the price increase even a bit, or through holding and sell at their target price.

However not everyone who invest in alts are fortunate to gain because many investors made a wrong decision by choosing a not established coins or those meme coins for quick profit. Hence if you really want to invest in alts and achieve your desire to gain then take time to learn about alts, have a plan because its important. Ask yourself if you want to trade for short term or hold alts for long term. Because if you already know the things that you need to be aware of, you'll understand the best strategy to do in order to not lose your hard-earned money that you will use as capital.

[Wexnident]

Yes, but most of them only last in the short term. Some altcoins actually pop off with how much investment the team does so that their project starts off with a  big hype behind them but most of it dies off in the long term, so some investors (if not all) just invest for the start of the project, wait for the peak hype, sell off then look for a new project to invest in. There might be altcoins out there that are worth in the long term but honestly, you're better off shorting them most of the time.

The short answer is yes, you just need to know what and identify the hows.

[Hu915]

BIDZ Coin an altcoin which I came across in an AMA today. They have a very interesting utility proposition. They have created their own swap and they will be releasing their own vpn in the coming days. I heard they have a great utility case. Anyone know where can we buy this coin from? I think this altcoin might be able to generate profit for us since it seems like they have real world use case.

[Silberman]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

If it was not for the fact that altcoins can generate profits then I'm sure that most people investing in them will not do so, altcoins can generate profits but you need to be very careful because there are a lot of altcoins while both your capital and your time are limited, so the chances you actually become profitable while investing in altcoins are really low, to the point that you should invest in them only if you are quite sure about what you are doing, otherwise it is better for you to stick with bitcoin and leave altcoins alone.

[Sunrise360]

Technically, all cryptocurrencies besides Bitcoin started as random altcoins, and some were successful, so the potential is there. Regarding new ones, the question would be when the market will be saturated.

I always feel satisfied each time I ask questions here. Before now I didn't know that other big cryptocurrencies like ETH and BNB still fall under altcoins. I'm really gaining a lot of knowledge here as it has to do with cryptocurrency and trading. I appreciate everyone of you. Love you all.

[TheUltraElite]

I always feel satisfied each time I ask questions here. Before now I didn't know that other big cryptocurrencies like ETH and BNB still fall under altcoins. I'm really gaining a lot of knowledge here as it has to do with cryptocurrency and trading. I appreciate everyone of you. Love you all.

Any coin other than bitcoin is an altcoin. With more coins coming in view, people think that the top few coins are the real while the others are alts.

It is not that all of these coins are worthless, rather it is difficult to actually see which ones are worth investing in. If you are into altcoins try to stay with those top 5 and not with th scum that comes up every day. Because in the long run only the top coins will be the profitmakers.

In the short term it might seem thatyou are missing out on many of these coins. This is not the true case because short term gains happen with many altcoins but carry an equal or higher risk compared to bitcoin. It would be difficult for one to judge the long term coin on any specific coin but for Bitcoin it is always good.

[fvb]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

If you monitor the market of top altcoins and conduct analytics, that is, you can constantly keep your finger on the pulse, you can trade in the short term. Or if there are assets that can be forgotten about for a long time, then, as an option, exchange tokens in staking can also bring profit. This is my humble opinion, the choice is yours anyway.

[CryptoYar]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

You can trade in altcoins for short term trades but only consider tokens that have a good 24h trading volume, and don't trade low volume tokens because they don't move much and when they move there is a big move either downward or upward.( manipulative moves)

However, if you want to invest for long term then I would advise you to keep most of your money in bitcoin only.

[Jackl87]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

The thing with altcoins is that you can not give a general answer to your question because nowadays there just so many altcoins out there already. There are great and already very big and established altcoin projects out there like for example Ethereum, Cosmos, Polkadot and Solana for example are all altcoin projects that already have a marketcap of way more than 1 Billion $. So if you invest in one of those projects, then the risk of a total loss of your investment is very small in my opinion.
Then of course there are thousands of new or very small altcoin projects and there the risk of a loss of your funds is very high, but of course there you always also have the chance for a potential moonshot, even though that chance is pretty slim.

[LastKiss]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

A lot of altcoins have potential just depends on your strategy, even you can gain profit from investing in the shit coins since they can give you profit in the short term before it ends up becoming a scam project. If you're scared probably because you used your money that you can't afford to lose so you can't lose your money no matter what. Know the risk and enter when you're ready. 

[bonyaserg]

Yes, that's right, every new investor can profit from altcoins. But in order to make a profit, you need to thoroughly study the market of sought-after coins. And also a lot of different nuances, so as not to lose your money. Therefore, to earn money, you need to work hard. In general, investing in cryptocurrencies is a very profitable way to generate income. So if you want to get a decent profit, you need to try.

[ogabangianrey22]

You too still don’t fully realize that in a couple of years, there will be a profession of virtual space designer? It’s just that, judging by the hype of Dreem beta, there can be no other outcome.

[Anonylz]

The simple answer to this question is yes, however it all depends on the alts and the overall standard, if it is a high standard alts the potential to is higher than low or no standard alts that are just base on hype (which can still reward you but only in a very short term). High standard alts on the other hand can be very rewarding depending on when you invest, if you take the top 100 alts for instance you will find out none is trading at the initial presale price, meaning all initial investors have already earn big rewards.
You can still find such alts if you know where to look.   

[Xal0lex]

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

The potential of altcoins is fully revealed not in trading, but in investing, even better if this investment takes place at the very beginning of the altcoin's development. Then the probability of getting several hundred or thousands of percent increases. Buying altcoins at market prices for the purpose of short-term speculation is a bad idea, because a trading strategy will never be more profitable than an investment strategy. When trading altcoins, people are more likely to lose money than to make money on altcoins.

[justdimin]

The thing with altcoins is that you can not give a general answer to your question because nowadays there just so many altcoins out there already. There are great and already very big and established altcoin projects out there like for example Ethereum, Cosmos, Polkadot and Solana for example are all altcoin projects that already have a marketcap of way more than 1 Billion $. So if you invest in one of those projects, then the risk of a total loss of your investment is very small in my opinion.
Then of course there are thousands of new or very small altcoin projects and there the risk of a loss of your funds is very high, but of course there you always also have the chance for a potential moonshot, even though that chance is pretty slim.

That’s the thing about people not understanding the word "altcoin" and what it stands for. "ethereum" is technically an altcoin, the biggest we have, and it is worth 193 billion dollars in marketcap, that’s an altcoin itself, or bnb which is 44 billion and not bad.

Luaswap for example is around 1150th in the rankings and has 2.5 million dollars, not "B"illion, it has 2.5 million dollars, less value as a whole than over 30-40 million people in the world has for their networth, meaning people could literally swallow it whole if the price stayed the same (of course price would go up if anyone tried). So, altcoin can2t be generalized like that hence why this question can't be answered properly.

[kawetsriyanto]

~even you can gain profit from investing in the shit coins since they can give you profit in the short term before it ends up becoming a scam project. If you're scared probably because you used your money that you can't afford to lose so you can't lose your money no matter what. Know the risk and enter when you're ready. 

If you know that shitcoin will end up being a scam, you are better to avoid investing in that coin. Although you only plan for a short-term goal, you don't know when it will disappear from the market. If you are lucky enough, you can sell that coin before it is delisted from exchanges. But if you are unlucky, you can end up losing all your money. I know you only use the extra money, but it is not a wise choice to choose a coin that is clearly to end up being a scam. It is surely not recommended to do, especially for newbies.

[posi]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins will sometimes offer greater returns than bitcoin but the risks will also be high. as a newbie you chose bitcoin and stay away from altcoins, I think you did the right thing.

You should continue to use bitcoin and should focus on learning for a while before thinking about using altcoins, we shouldn't rush into this market, we need to be patient. You should remember that the higher the return, the higher the risk, so always be careful and adapt slowly.

[wheelz1200]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

People make money in bull runs but in times like these most people lose out.  In the long run most of them are useless, and are ploys to get more bitcoin or fiat.  Stick with bitcoin for the most part and you should be fine.

[Uang_kartal]

if you trade altcoins you have to understand because your chances of losing will also be the same. If you want to be desperate to try new things.
those who have enough experience monitoring and sacrificing positions that can be corrected themselves. I think investors manage a few percent in their portfolio in the sense that it's not scalping completely, they may also be in bitcoin or other instruments.
try to join the bounty to get altcoins for trading or follow the progress of a project before you are strong enough to trade your fiat consciously. you can see here

[pieppiep]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

If you are afraid to put your money into altcoins, it's better not to take the risk because if you see how altcoin prices move, it all depends on how bitcoin prices move. If bitcoin moves down, many altcoins will follow down and sometimes even drop drastically and this also applies to altcoins that are potential and are on the 100 lists.

I suggest you choose bitcoin because, after all, in a situation like this, investing in bitcoin is more profitable than investing in altcoins. But it's all up to you.

[mindrust]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

It is all about the risk/reward ratio. The riskier the investment, the bigger potential profits there will be. (your potential losses will be bigger too) That's why alts attract so many people because they have the potential to do x100 while bitcoin can only make x3-x4.  People don't want to wait for long time to get rich. They want to get rich now. When you think about it, they should be playing dice instead of buying crypto because it only takes a second to get rich or poor when you play dice. Why waste weeks/months with trading and shit when you can instantly get rich with gambling?

[icalical]

It definitely have, Ethereum is of course the biggest example of Altcoin that give the investors much profit. Other than ETH there are so many potential coin that are still in lower price, all you need to do is do some digging and a thorough research, and of course a capital. So, invest not only your money but also time, and with only a little bot of luck, you will eventually got some profit from altcoin.

[bounceback]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

There are a few things we should consider before investing in altcoins if we really want to profit from them.
- Choosing the right project, this is certainly one of the most important factors for us as potential investors to do research first on the project that you want to invest very carefully.
- Waiting for the right momentum, because if we know when it is time to buy and sell the altcoin correctly, it will provide a better chance of return for us when we are in the market.
So far, there are several altcoins that have strong fundamentals, such as ETH and BNB, it is still very possible for investors to make profits with them, both long term and short term.

[Tony116]

We have thousands of altcoins but not all altcoins are as bad as you think, look at ethereum, BNB, they are all top coins and they have given thousands of % returns to those who held them in the first place, the same way bitcoin gives returns to early investors.

Investing in altcoins is certainly more risky and risky than bitcoin, but as long as you take the time to learn and research carefully before investing, the profitability is very high. Everything requires knowledge and experience, you do not expect certain luck will come to you.

[danherbias07]

It can make you money. Stay with that. Forget the "a lot" thing perspective because that will get you in a dangerous situations, riskier ones.
The amount of risk investing in altcoins should be enough, don't go beyond it because I am sure you will regret it. That's all base on experience and I am just sharing the outcome.
Ethereum is known as one of the tops in the altcoin industry, if you check its price chart you can see how far it has already come from just single digits to now 4 digits. But that means long-term investing, if you are aiming short-term then the trading discussions might best fit your need.

[ANSEL_2.0]

If you choose the right altcoins you will make more money than investing on Bitcoin, I've been into crypto for many years now and I made more money from altcoins than Bitcoin, if Bitcoin do 4x your altcoins will easily give you 10x or more.

[minairia3]

If you choose the right altcoins you will make more money than investing on Bitcoin, I've been into crypto for many years now and I made more money from altcoins than Bitcoin, if Bitcoin do 4x your altcoins will easily give you 10x or more.

That is sometimes true, but if bitcoin drops 4x your altcoin will drop 20x and will make you big loss. It is advisable to invest in altcoins, as we need to diversify our portfolio to maximize returns as well as minimize risks, but still remember the first priority is still bitcoin, altcoins are only invested when you already have bitcoin.

Investing in altcoins is not easy as we have dozens of altcoins on the market and very few of them are really worth the investment. So you should do your research carefully before investing, don't follow anyone's advice, to minimize your risk focus only on the top altcoins on CMC.

[iv4n]

If you choose the right altcoins you will make more money than investing on Bitcoin, I've been into crypto for many years now and I made more money from altcoins than Bitcoin, if Bitcoin do 4x your altcoins will easily give you 10x or more.

I think it would be enough for OP to just look into the last 5 years, the picture is clear, many alts made incredible progress, in terms of adoption and price! And now is the same as before, we see many new alts coming out, but just some of them will get to survive and maybe make something more! Competition is harder every year, but in general, crypto is advancing and breaking new records, I don't think that will change...

[MAAManda]

If you choose the right altcoins you will make more money than investing on Bitcoin, I've been into crypto for many years now and I made more money from altcoins than Bitcoin, if Bitcoin do 4x your altcoins will easily give you 10x or more.

Yes, that's because its market capitalization is still very small when compared to Bitcoin, based on my personal experience, I've even made more than 30x on Altcoins that are currently scams, LOL. In choosing Altcoins, there are several factors to consider, if I personally emphasize utility, use-case and community. Hype is important, but it's temporary, you won't have a safe investment if you invest in Altcoins because of the hype.

Do you have any real experience of earning huge profits from investing in Altcoins?

[hashrateproducts]

If you choose the right altcoins you will make more money than investing on Bitcoin, I've been into crypto for many years now and I made more money from altcoins than Bitcoin, if Bitcoin do 4x your altcoins will easily give you 10x or more.

Altcoins generates more profits for investors and traders than Bitcoin. Based on how they trade on altcoins, Bitcoin is preferable for trading since it's Market cap is one of the largest in the market and consider as a top coin. Altcoins can make one rich over night and can also drained all one's capital or investment. They pump and dump heavily, depending on the type of altcoins traded on. For instance, all altcoins have their own season and time to pump, they don't move with the down and uptrends of Bitcoin.

[ScamViruS]

If you choose the right altcoins you will make more money than investing on Bitcoin, I've been into crypto for many years now and I made more money from altcoins than Bitcoin, if Bitcoin do 4x your altcoins will easily give you 10x or more.

There are two possibilities here. Pumping bitcoin will pump altcoins big, but when bitcoins dump, those altcoins will dump so much that you'll find yourself in the ocean! Altcoin can definitely give you huge profits if you enter the market at the right time. Traders who bought altcoins during the last bull market will understand how bad their situation is now if you do market research. So if you find the bottom of the market, you can expect good results if you invest in solid projects. But it's not easy.

[Xal0lex]

It can make you money. Stay with that. Forget the "a lot" thing perspective because that will get you in a dangerous situations, riskier ones.
The amount of risk investing in altcoins should be enough, don't go beyond it because I am sure you will regret it. That's all base on experience and I am just sharing the outcome.
Ethereum is known as one of the tops in the altcoin industry, if you check its price chart you can see how far it has already come from just single digits to now 4 digits. But that means long-term investing, if you are aiming short-term then the trading discussions might best fit your need.

Don't forget that it all depends on the duration of the investment and on the amount invested. When we talk about investing in Ethereum, we constantly remember that it grows very well and that it is very well-known and unlikely to turn into a scam. But at the same time, we forget that it is already a rather mature asset, which has grown a lot from its original price and no longer yields interest to its investors so briskly. So it doesn't make sense to invest in Ethereum for a few years if you have $500-1000. It's like investing in gold with $10,000. It's a good option for preserving value, it's not for making money. So investing in assets like Ethereum makes sense when you have enough money, but in no way a couple of hundred dollars and not when you are an absolute beginner.

[bitcoin-shark]

if you are a beginner a novice in the sector you must proceed with caution to avoid suffering large losses from the beginning if you want to earn a little something buy stablecoins to stake then slowly take more risks and invest in altcoins that you think are promising, do not follow false gurus think with your head

[goaldigger]

if you are a beginner a novice in the sector you must proceed with caution to avoid suffering large losses from the beginning if you want to earn a little something buy stablecoins to stake then slowly take more risks and invest in altcoins that you think are promising, do not follow false gurus think with your head

Staking while learning is also a good advice, this can allow you to make some profit while you are still learning. Trading with Altcoins are more profitable, and based on my experience you can really make profit with it you just need to have a good strategy and a good plan. Trading with Bitcoin can also be more rewarding but since it’s value is high, many are not using Bitcoin for their trading activities. Do trades with good altcoins and follow your strategy, later on you can have more profit.

[serjent05]

if you are a beginner a novice in the sector you must proceed with caution to avoid suffering large losses from the beginning if you want to earn a little something buy stablecoins to stake then slowly take more risks and invest in altcoins that you think are promising, do not follow false gurus think with your head

If you decided to heed this advice, then you should choose a reputable platform to stake your stablecoins.  Don't just blindly choose any platform that offers too good to be true APRs and APYs.  Most of these platforms often end up rug-pulling the invested money on their platform.  So if I may suggest, doing your staking on reputable exchanges is a good thing, even though the profit isn't that high, the security of your investment is pretty much assured.

[Silberman]

If you choose the right altcoins you will make more money than investing on Bitcoin, I've been into crypto for many years now and I made more money from altcoins than Bitcoin, if Bitcoin do 4x your altcoins will easily give you 10x or more.

It is important to not only talk about the positive aspects of investing in altcoins, it is true that you can make more money with them than with bitcoin, however there are many problems with investing in altcoins as well, first there are tens of thousands of coins, which makes selecting the right one very difficult, second there is no guarantee the altcoin in which you invested goes up in value, third when bitcoin goes down altcoins will crash even harder, and fourth you could get scammed and lose everything you invested in that coin, so people need to remember this before they invest in any altcoin.

[Jeger.Kiting]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

If you are a beginner and want to invest in Altcoins, you should look for someone who really understands Altcoin trading, because if you only hear from someone without hands-on practice, it is a very big risk in my opinion. In crypto exchanges you need instincts that must be understood and also algorithms in market movements so that you can understand them there.

[sulendra12]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

You do know that it's not all of the altcoins are profitable right off the bat. "Experienced" traders in this case will say yes altcoins are really a good way to make profits in trading but can you manage to do that? It requires you to read the indicators, read the latest news, manage your emotions and many more stuff to even mention it. You said you are a beginner so yea it's a risky way to make money, unless you are willing to lose your money at first for the return of experience so you will do better next time. It's up to you.

[TheUltraElite]

Altcoins could be profitable but not all of them are worth buying. Some coins are good for long-term holding while others are for short-term investment only. You should do good research so you'll have an idea of what to buy. You can check their team, background, and history so you'll know the capability and potential of the coin of your choice.

Most of the newly launched ones are short term gainers only. The long term ones are already in the top list of aggregators. They are pricey and hence not the common choice for any newbie.

If someone does a good background research they will realise that almost any altcoin is worth zero time and investment from fellow users. But people follow hypes and therefore the current situation of the market.

Bitcoin is the best among all such coins but few people actually understand this and hence such threads come up.

[livingfree]

Altcoins could be profitable but not all of them are worth buying. Some coins are good for long-term holding while others are for short-term investment only. You should do good research so you'll have an idea of what to buy. You can check their team, background, and history so you'll know the capability and potential of the coin of your choice.

Right.

There are altcoins that are profitable and good for long term holding but not all of them in general are good to hold. One example is holding Ethereum, we all know what it is and how good it is for long term.

But not everything that we see in the altcoins market are going to be the same as Ethereum. Too many choices and that makes a newbie investor confused on what to choose from those.

It's riskier than just choosing bitcoin because you need to do all of those things like DYOR and everything. Unlike having bitcoin, you're at the safest ground by having it.

[yhiaali3]

Of course, Bitcoin is number one without a competitor, but there is good altcoin in the market, I advise you to try altcoin that has a good rank in the market only, altcoin is good for quick speculation, but it has high risks and is not good for long-term investment, if you want to invest in the long term I advise you to Bitcoin But if you want a quick profit in the short or daily term, look for altcoin with a large daily speculative trading volume.

[AjithBtc]

Of course, Bitcoin is number one without a competitor, but there is good altcoin in the market, I advise you to try altcoin that has a good rank in the market only, altcoin is good for quick speculation, but it has high risks and is not good for long-term investment, if you want to invest in the long term I advise you to Bitcoin But if you want a quick profit in the short or daily term, look for altcoin with a large daily speculative trading volume.

It is possible to see a good number of altcoins available in the market. The better you analyse, you'll get to know about more potential altcoins. Altcoins give higher ROI against bitcoin, and for the same we need to be lucky to invest on such coins. In recent days it was Shiba and many doesn't have the trading volume. As suggested altcoins are good for short term profiting. Missing opportunities might take much longer time period.

[Silberman]

Altcoins could be profitable but not all of them are worth buying. Some coins are good for long-term holding while others are for short-term investment only. You should do good research so you'll have an idea of what to buy. You can check their team, background, and history so you'll know the capability and potential of the coin of your choice.

Very few people do their due diligence, they get so desperate to invest in the project fearing they are going to miss out the opportunity to make profits they simply forget about finding out if the project is legitimate, then they get scammed and that is when they finally begin to ask the questions they should have asked at the beginning, but when they finally have acquired the resolve to do so it is too late and there is nothing they can do to recover the money they have lost.

[Zuhi]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

I invest some money in one ICO, with very good perspective. Maybe you heard about Insider protocol? This is ecosystem which have HFT bot, and you get every month also passive income, and Itˇs very effective. I earned from 1k USD to 28k USD in period of more then a year. Sounds good for you? When it will be finished, you will have all great stuff in one place. From wallet, to DEXchange called Atlas DEX swap (it requires no registration, no KYC, and is only an anonymity-focused service with enhanced features). Anonymity is secret weapon, based on improved version of MimbleWimble blockchain technology. The entire team has set very high standards for this project, and they even look forward to surpassing the Monero. Binance launchpad is done deal, when this project will be finished. Some of the portals like Coindesk, Bloomberg, Enterpreneur did write about it. In the end, the Insider Protocol project aims to create a completely decentralized blockchain system with its native asset known as IPRO. It provides a promising platform for users to make passive incomes through their trading cards. Besides, the team 'The Mechanics of the Future' is already working on a handful of projects, including an alternative to LocalCryptos that possesses absolute anonymity and without the need for any registration or KYC.

[Rengga Jati]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Being more vigilant when you want to invest in something new is a must-have. It's better to be like that to avoid losses due to ignorance. It would be better if we learn first about what we are going to invest, then consider the positive and negative sides based on good analysis from other people and also our own analysis. Remember, do not only follow the advice of others but also based on our own analysis and considerations.
Apart from that, there are several important aspects when it comes to investing in altcoins. Because not all altcoins will be able to survive during this bear market. Therefore, you have to be smarter and more alert to find out what altcoins really have potential. Don't be influenced to buy altcoins from new projects even though they promise big profits, because this can be a gamble for us.
It would be better if you choose top coins, especially those that have proven to be good and have potentials, such as ETH and BNB.

[n0ne]

Altcoins could be profitable but not all of them are worth buying. Some coins are good for long-term holding while others are for short-term investment only. You should do good research so you'll have an idea of what to buy. You can check their team, background, and history so you'll know the capability and potential of the coin of your choice.

Very few people do their due diligence, they get so desperate to invest in the project fearing they are going to miss out the opportunity to make profits they simply forget about finding out if the project is legitimate, then they get scammed and that is when they finally begin to ask the questions they should have asked at the beginning, but when they finally have acquired the resolve to do so it is too late and there is nothing they can do to recover the money they have lost.

This is common with the investors. Over time they'll learn about the reality of the market and make themselves prepared for the right investment than falling to hype. Altcoins are good investment, but identifying the right ones beyond that in the top list is simply a hard task. So, when going for investment on altcoins which aren't popular it is good to invest what one can afford to lose.

[bonyaserg]

Yes, that's right, altcoins can be profitable for investors. But to make money on cryptocurrency, you need a good experience. For a beginner, this is very difficult, and it takes years to gain experience. And I also want to say that none of the experienced traders will share their experience. Therefore, in order to succeed, you need to study the cryptocurrency market and gain experience in order to make good profits.

[zasad@]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

If you enter the market with little capital, then it will be difficult for you to make a lot of money from bitcoin. You can buy bitcoin today and forget about it until 2024. Altcoins are more dynamic, they are traded on decentralized exchanges and can give more profit. But first, study altcoins from the top 30 Coinmarketcap.

[tvplus006]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins...

You need to understand that if you have a small capital, then it does not make sense for you to invest, since this is a long-term process during which you will be able to increase your capital. In this case, the best solution would be to trade altcoins, which are more volatile and can give a profit in the short term. But in any case, you need knowledge in order not to lose your money.

[lixer]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

If you enter the market with little capital, then it will be difficult for you to make a lot of money from bitcoin. You can buy bitcoin today and forget about it until 2024. Altcoins are more dynamic, they are traded on decentralized exchanges and can give more profit. But first, study altcoins from the top 30 Coinmarketcap.

But he is just a beginner so it's fine if he can start with a small amount until he grasps things properly. I've seen lots of starters who then put large amounts and then get discouraged and never came back again right after they experience a failure.

It's still possible to produce a good amount of profit from just a small capital. It can be done by luck like when you pick up a new born coin and then it booms. Or by skills like you will trade established coins slowly but surely. It's difficult to make massive gains through btc because its value is expensive already but we can only hope that it will drop more so that we can still be able to make decent returns.

[ololajulo]

Altcoins make great profit both existing and new, sometimes they make more profit than bitcoin. The only challenge about altcoin, is identifying a good project early. a lot of all these altcoins are scam or one cycle project; they lack good and experienced team, fund, community and idea that can last 4 years. Majority of projects with a sole developer, scam the project and refuse to proceed in the development. So, no matter how trusted a new project is, take your profit before the dump.

[RealMalatesta]

Very few people do their due diligence, they get so desperate to invest in the project fearing they are going to miss out the opportunity to make profits they simply forget about finding out if the project is legitimate, then they get scammed and that is when they finally begin to ask the questions they should have asked at the beginning, but when they finally have acquired the resolve to do so it is too late and there is nothing they can do to recover the money they have lost.

This is common with the investors. Over time they'll learn about the reality of the market and make themselves prepared for the right investment than falling to hype. Altcoins are good investment, but identifying the right ones beyond that in the top list is simply a hard task. So, when going for investment on altcoins which aren't popular it is good to invest what one can afford to lose.

Putting an amount that you are willing to risk losing is definitely the number one key aspect of this. Another would be making sure that you are investing not because of any hype by anyone, not even if a million people hyped about it (like shiba) but to make sure that you are investing because you saw something in it, like in the fundamental core of it. That way you would know what you are investing into and you know you are making a profit from it as much as you can.

Otherwise what is the point of investing into something that is low? Just end up getting bitcoin and you would be able to profit from it in the long run anyway, so why risk it?

[serjent05]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins...

You need to understand that if you have a small capital, then it does not make sense for you to invest, since this is a long-term process during which you will be able to increase your capital. In this case, the best solution would be to trade altcoins, which are more volatile and can give a profit in the short term. But in any case, you need knowledge in order not to lose your money.

Depends on where he puts his funds.  Some project doesn't really need huge capital to begin with.  We all know that the crypto market offers short-term, medium-term, and long-term investments.

The short-term investment includes meme coins and shitcoins which is really risky but  if an investor found a hidden gem among the shitcoins, he will be surprised how much he will profit from investing in this hidden gem.

One example is those who invested in Shiba Inu.  It is true many consider this altcoin to be one of the shitcoins lurking around the market but we cannot deny the fact that early investors had greatly profited in this project.  For example, I invested around $42 in this token, and months later, my $42 investment profited a whooping 5000%+.  

Despite the profit, I will always say that do deep research on the cryptocurrency you wanted to invest @OP and don't just listen to whatever you hear or read on the internet.  Verify them first before believing

[dataispower]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Why people always be scared of altcoins investment, it's narrow because some of the altcoins never have a base and you invest with the some of them and they will go awy with your project. The thing that is making your other people to fade off is because many altcoins are new project.

As someone who is trying to stand for investment, never go to altcoins first because altcoins can fail but Bitcoin can never fail, any investment as beginner supposed to be done with a coin that the qualities and potential is also influential and known to investors

[tvplus006]

...One example is those who invested in Shiba Inu.  It is true many consider this altcoin to be one of the shitcoins lurking around the market but we cannot deny the fact that early investors had greatly profited in this project.  For example, I invested around $42 in this token, and months later, my $42 investment profited a whooping 5000%+.  ..

Finding the right coin to invest in is the most difficult. And even if you find such a coin, very few will be able to hold it until high. In addition, it is very difficult to find such a coin if there is no knowledge and experience, and it is these qualities that a beginner usually lacks.

[Shasha80]

...One example is those who invested in Shiba Inu.  It is true many consider this altcoin to be one of the shitcoins lurking around the market but we cannot deny the fact that early investors had greatly profited in this project.  For example, I invested around $42 in this token, and months later, my $42 investment profited a whooping 5000%+.  ..

Finding the right coin to invest in is the most difficult. And even if you find such a coin, very few will be able to hold it until high. In addition, it is very difficult to find such a coin if there is no knowledge and experience, and it is these qualities that a beginner usually lacks.

It is not easy to find altcoins that are worth buying for investment, especially for long-term investments we must choose popular altcoins with
strong fundamentals. But if we can find potential altcoins, it can generate huge profits. Even I have experienced investing in altcoins where
the profit generated is greater than the profit I make from Bitcoin. But it takes good research and analysis skills, as well as knowledge in
the crypto world to be able to find really potential coins. So my advice, especially for newbies, don't rely on other people's opinions to choose coins,
newbies must be willing to learn about the crypto world well, after that improve our research and analysis skills. Then automatically we will understand
how the crypto world works, then we can find potential coins and can provide benefits.

[CaVO32]

...One example is those who invested in Shiba Inu.  It is true many consider this altcoin to be one of the shitcoins lurking around the market but we cannot deny the fact that early investors had greatly profited in this project.  For example, I invested around $42 in this token, and months later, my $42 investment profited a whooping 5000%+.  ..

Finding the right coin to invest in is the most difficult. And even if you find such a coin, very few will be able to hold it until high. In addition, it is very difficult to find such a coin if there is no knowledge and experience, and it is these qualities that a beginner usually lacks.

This is why if you don't know what coin you want to invest with, why not start with bitcoin itself? At least, you know, it won't disappear anytime soon. Unlike many alts, in which, their lifespan is too short or you have no certainty of their existence, bitcoin has been proven for more than a decade already. You can explore alts once you have better grasp of this market.

[Ziskinberg]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

There are two types of altcoins; potential and shitcoins.
However, it was sad to say that you need to be careful upon choosing altcoins to see that the market has already flooded with shitcoins. And most of all, don't invest blindly or you will follow what other members have told you without doing some verification and market research as this is indeed very important otherwise you will just lose your money in investing the wrong coins.

[bhooscream]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

I will say that most altcoins are not able to do that. Most altcoins will only focus on giving any promise, with high return, profits, and also other promises moreover to their newbie investors. The project seems to be too good, but they are started falling down.
Here, ever trust in the new project moroveer if you are new enough to this investment. If you are willing to invest, I will suggest you to invest in BTC only. Or if you wnat altcoins, top coins (check CMC) may be better.

[goinmerry]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

It's usual for beginners to be scared of putting money and engaging in trading in altcoins for the simple reason that you don't have experience yet.

Just do the basics for now. Once you move forward, you will soon understand how to pick potential altcoins to be traded off.

If you are looking for altcoin suggestions, that is not good advice to follow. You have to make your own list.

[adzino]

Altcoins are more volatile than bitcoin. It has more risks when compared to trading bitcoin. Trade one wrong altcoin, and you might end up losing everything you invested. Don't invest in those altcoins that are being pumped and dumped. You will know what those coins are when you see the trade volume and the sudden rise of the price in few minutes.

As long as you are investing in "legit" altcoins, you will be making profit. You can also hold them for making long term profit. Just don't go after coins that you think will go to the "moon soon" or some shitty meme coins!

[pgbit]

There is no doubt that altcoins have great benefits for investors. There are many altcoins that have made huge financial gains to investors in a short period of time. Many altcoins started at a very low price.  Then the prices of these Altcoins  continue to increase very quickly. You can see Solana which was worth 1.4 dollars in January 2021. Then after a short time it reached 161 dollars.Many altcoins have strong projects behind them, an experienced team and financially strong partners, and have a problem solving skill and usecase that is being used somewhere.Such altcoins give huge financial benefits to investors.

[KaliLinux]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

This can happen especially as a new trader in the cryptocurrency market and it is a good thing, it brings caution to investment. Bitcoin is the most stable in terms of risk with crypto trading or investment but this does not mean you cannot invest in Altcoins, however, if you dare to examine the market over a period of time, you would realize that there are good Alts too that have stood the test of time in the market and are good investments option too but you have to DYOR and not just invest in everything people say.

[Rufsilf]

Making a profit from investing in altcoins really matters what coins we have chosen.
It was the fact that more people underestimate the risk and volatility of the market and even think it was too easy to make money from this. That is why it was not new to me hearing people screaming and crying about their huge losses as they fall into the wrong investment and even blame crypto for their fault.
I have no record (or maybe there is someone have) but I think out of 100 investors, more than half of them are invested shitcoins.

[abralzain17]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

This in my opinion really depends on what altcoin you choose to invest in, if the altcoin has benefits and has uses then I think this is an altcoin that can provide many benefits for investors. but the opposite will happen if the Altcoin invested is a Scam, then surely the loss will be experienced by the investor. Therefore, before you invest in Altcoins, you should do further analysis and continue to monitor the market.

[ItsCrafty]

If we are talking about the profit of altcoins then we can say that altcoin will be productive if the price of bitcoin become treasured as we know that value of all altcoins are coherent with that of bitcoin. Altcoins are famous because vast majority of crypto people are desiring to opt it. Altcoins are the obvious choice of enhancement of income production.

[uneng]

Usually people get hyped by altcoins after seeing other investors sharing on social medias they have made a lot of profit or after reading news reporting determined altcoin had a huge increasement in price. But you, as an investor, must keep in mind people are sharing only the bright side of the industry, while ignoring the losses and negative experiences.

Every investments with huge return potential comes followed by huge risk that you must take. The risk is proportional to the potential profit. After all the decision is yours: are you willing to take the risks to have some chance to make big money? Or do you prefer a safer investment with a inferior profit return? Study yourself and find your investor's profile.

[Gayong88]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

I think this is an opportunity and Altcoins have not failed to surprise great investors, with the very first being a great opportunity for investors, who find in alternative cryptocurrencies different channels to make a profit.

The advantage of ALTCOINS is that, apart from pump and dump, you can choose coins to become an investor. Some days it will give you a good pump, some days it will just move sideways. If you want to be an investor, prepare at least 1-2 alt (and not top 30) for every BTC you have for the year so you can enjoy its slow growth going forward.

[Reid]

You just need to find that altcoin with high volatility. That's first when it comes to trading.
Then, see to it that you can take care of it by monitoring the price movement at almost 24/7 of your life. If only your money is on the line.
Altcoins are meant to make you money in the short run, that is my opinion. It's not something to HODL at long term although there are exceptions like Ethereum.

[mulia sabee]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

there are many altcoins that have good potential for the future and it is possible that you can also benefit from many of these altcoins, but the strategy and the way you trade is also very necessary in this case in my opinion. learning about the market is very necessary if you want to make a profit, besides that it is also necessary to follow some people who are experienced in trading

[GeorgeJohn]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins can be easily make profit through it, and you can as well get lost from altcoins investment, while people queue up to invest in altcoin, is because the investment start from the grassroots and which if it turn 10x your Profit will be in multiplication. That's while people do like to invest in altcoin. So if you are investing ensure that your investment do take place to coin you know it's potential.

[lienfaye]

actually if we are wise in making investment decisions in altcoins, we can get a profit. for example, have a capital of 1000000, rather than split into a new project investment that offers a large profit but it is not certain whether it can be successful or not at the end of the project, it is better to invest in etherum and hold long-term. everyone who is already in the crypto world already knows how etherum can bring huge profits.

Well, its not bad to diversify if you have such huge capital to start your investing journey because it's also risky to put all your eggs in one basket (the basic rule). However, if you're going to invest just make sure that you conduct a research to know if the coins that you will invest in is worth it and not a shitcoin. It's profitable to invest in alts but not all investors are fortunate to choose the one that can give them a profit. Hence, its a must to have your own understanding to become aware of the possible movement and future of the coins you chose to buy.

[budi691]

i would not advise you to engage in trading as it requires a lot of knowledge, experience and patience, but if you really should pursue and do your own investigation. go to a website that can help you with that, or study with friends on this forum, I'm sure you can earn a lot of money in altcoins, but Bitcoin is more promising for investment

[Amokeley]

Of course, I've always bet on meta universes as the future of online communication, but the DREEM idea of maving almast every community to it is insone. And whot mokes it even more insane is that it seems to work:)

[Xampeuu]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

actually there are some altcoins with low risk, and indeed there is no definite guarantee that is without risk when we invest in cryptocurrencies. I take the example of ethereum and bnb, both of which are altcoins that I think are the most worth investing in. but sometimes we want bigger profits and on new altcoins it can reach thousands of percent, and we want to have it, that's what really makes our thinking mess up, so that our greed emerges and bets most of the capital on it, where without realizing the risk is very large
actually this is just a matter of our mentality, by being able to control the psychology within us and actually it is not complicated, sometimes we ourselves make it complicated to invest, and of course financial management must be applied, as well as diversifying assets

[kojektea]

Of course, I can. but you have to be careful with some people who force you to buy coins they buy only with fake promotions without clear data. To find out how potential an altcoin is, we have to study the data first, how the project went, the fundamentals and the community. when we do the analysis ourselves, it will make us more confident than following the wishes of others.

[Frengki_cisco]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

You have hope when investing in Altcoins, of course you have to look at the types of Altcoins, founders, teams, developments in the crypto market and so on, investing in Altcoins takes a long process for you to understand and get profits, in my opinion if you are a beginner just do long-term investments in Bitcoin & Ethreum, it's safer for you.

[TheUltraElite]

You have hope when investing in Altcoins, of course you have to look at the types of Altcoins, founders, teams, developments in the crypto market and so on, investing in Altcoins takes a long process for you to understand and get profits, in my opinion if you are a beginner just do long-term investments in Bitcoin & Ethreum, it's safer for you.

Without a doubt, the long term investments in well known top list coins are the safest and most rewarding but time consuming.

While this "sentiment" might be good for some investors, most people come in crypto for easy and quick gains and not time-consuming ones. This does not mean that they are bad, but just that their mindset is different and possibly they are in a money crunch and trying some risky moves. For them the downward spiral begins with buying a shitcoin and then watching it go down until it never comes back up.

My honest opinion is that dont try to get into crypto if you are in for short term gains, unless if you have insider information about advisors dumping or something else. Get in to stay for the long and get in for bitcoin.

[Sanitough]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins...

You need to understand that if you have a small capital, then it does not make sense for you to invest, since this is a long-term process during which you will be able to increase your capital. In this case, the best solution would be to trade altcoins, which are more volatile and can give a profit in the short term. But in any case, you need knowledge in order not to lose your money.

Trading altcoins will only be profitable if you also go for good and reputable altcoins. Otherwise, you will fall for those too good to be true altcoins and left you losing in the end. So definitely, whether you trade in altcoins or bitcoin, the risk is always there. But if you have enough capital, then chose to trade on bitcoin since it will most likely to give you good profits at the end of the day.

[len01]

I agree with your opinion, indeed from altcoins can certainly generate profits, but of course when investing in altcoins we must first know the science, yes, the point is to research what altcoin we are going to buy, because not a few people who buy altcoins experience losses, and the reason is because people are not careful when buying and most are beginners.

researching before buying and investing is very important. don't choose the wrong altcoin that causes losses in the future.
if only to get a quick profit maybe altcoin is the right one but also need to choose the right altcoin like choosing in top10 coinmarketcap. so we won't have to worry if one day the altcoin suddenly becomes a scam or throws away all of its trading volume and causes the price to be very cheap.
but if you want to invest long term i prefer btc for future profits

[Questat]

I agree with your opinion, indeed from altcoins can certainly generate profits, but of course when investing in altcoins we must first know the science, yes, the point is to research what altcoin we are going to buy, because not a few people who buy altcoins experience losses, and the reason is because people are not careful when buying and most are beginners.

researching before buying and investing is very important. don't choose the wrong altcoin that causes losses in the future.
if only to get a quick profit maybe altcoin is the right one but also need to choose the right altcoin like choosing in top10 coinmarketcap. so we won't have to worry if one day the altcoin suddenly becomes a scam or throws away all of its trading volume and causes the price to be very cheap.
but if you want to invest long term i prefer btc for future profits

Yea, choosing coins for investment really matters and it was also the basis of the output of our investment. If we are looking for better results, then make ourselves decide to take potential coins also. We see investors are growing by now, which means that crypto is a profitable investment. Though some are leaving because they don't have luck here, however, many were able to stay because they believe that crypto will give them profit.

[Liz Truss]

As a beginner, altcoins are literally you way to finding wealth in crypto, all this major coins can't give you x100 again because they've done everything already, DYOR well and you're good to go

[Hypnosis00]

As a beginner, altcoins are literally you way to finding wealth in crypto, all this major coins can't give you x100 again because they've done everything already, DYOR well and you're good to go

x100, x1000...
Perhaps you are right especially when you are dealing with these hyped projects but you must be aware of the high-risk of this because at the moment you missed the hype, terrible losses and regret can be with you mate. I'm not going to stop people from doing this but of course, have to remind the risk and never have to blame crypto and say it was a scam because they decide to do this despite the awareness. If you are too lucky, then you become wealthy.

[Lizzylove1]

My biggest loss in crypto came from altcoin. And my biggest profit in crypto came from altcoin. New altcoins entering the market is high risk and high reward. Talk about cake, bake, ubix, woof, shiba Inu, "Luna", Matic, BNB in their earliest days, these gave people massive profit and some persons lost out too. You can't be wrong with BITCOIN as a store of value, it's the king of crypto.

[TheGreatPython]

As a beginner, altcoins are literally you way to finding wealth in crypto, all this major coins can't give you x100 again because they've done everything already, DYOR well and you're good to go

But 99.99 percent of those you called major coins are also an altcoin and it does not mean that if they already reach x100 they can't do it again, I've seen a lot of major alts who still can pump again. It only needs patience since it's also not easy for them to reach that kind of gains but at least they are more safer than those who were completely new on here.

Maybe once they reach that x100, they will only dump and dump with no signs of recovery. Beginners, must focus first on the one that is safe but of course not all the time it is followed. So many beginners immediately want huge profit so they go for the risky coins but most of them fail to get what they want.

[FanEagle]

It has all the potential to do it, we just don't know about it yet. If you know what you are doing then you should be aware that the best thing about crypto is that it allows you to have a good wealth in the long run, not right away.

People who think that they could become rich overnight thanks to crypto are people who were lead to believe it's possible, when in fact it is not. However, that doesn't mean that you can't get super rich with it, you can still do that if you could invest accordingly and wait for decades on it. I am not going to talk about what would happen if you invested 10 years ago, that's easy, but do you really think that an investment today wouldn't be super high 10 years later? I believe it will be.

[Captain Corporate]

It is not an easy task to make profit from altcoins "consistently" thats the problem. I do not know if there is any situation that could be done any other way, but altocins are seasonal, which means that you can't make profit from them at all times. So all that "generating benefits to investors" things are also seasonable as well.

You could find yourself in a bull period and its not unheard of to turn 5k into 5 million, people have done it if they are lucky a few times, there are many that goes x100 easily, because its the bull run. But there are people who lost %99 during the bear crash as well, so you have to really know where you are standing. If you are looking for an up, then you should be careful about how much, if you wait too long to get even higher, you may fall instead.

[Pierre 2]

I still feel like decentralized finance (defi) coins are very beneficial if markets are stable. You just add your money into pools so you generate money through commissions (we can say). If that defi altcoin is not very inflationary, and if Bitcoin stays safe and stable, you may really make quick bucks through locking your coins. But nowadays its getting lot more outdated and people are scared of getting hacked and losing their money.

[freedomgo]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Yes, there's the potential.

But not all of them will give you that potential so be careful in choosing them. It's because too many altcoins will just give you the hype feeling but eventually, that's going to be gone and you'll never like it.

Bitcoin, altcoins, or any projects, you need to pick the best that you can base on what you know about them. You DYOR before investing your money but if you're trading, you just can look for it on exchanges, see the volume and have them spot on.

Altcoins have always the potentials to be profitable in the future but only good and established altcoins will do. Some are just too good to be true projects that will only create hype at the beginning and then eventually lose their value in the long run, so we should learn to avoid those type of projects. Also, it’s said that altcoins have bigger risks than bitcoin, but investing both into good altcoins and bitcoin will give us assurance to generate more profits in the end. No need to focus only in altcoins, reserve funds for bitcoin since it will always be the most prominent asset in the market.

[serjent05]

My biggest loss in crypto came from altcoin. And my biggest profit in crypto came from altcoin. New altcoins entering the market is high risk and high reward. Talk about cake, bake, ubix, woof, shiba Inu, "Luna", Matic, BNB in their earliest days, these gave people massive profit and some persons lost out too. You can't be wrong with BITCOIN as a store of value, it's the king of crypto.

This simply means that we altcoin movement is way more unpredictable than Bitcoin. Though at the current stage, Altcoins have more potential to give us a huge amount of profit, the risk involved is also unfathomable.  If a person doesn't want too much risk but wanted to have an above-average profit, investing in Bitcoin is the best option.  But if an investor doesn't care about the possible risk then I think altcoin is the best one since altcoin can really surge in a shorter period of time.

It is not an easy task to make profit from altcoins "consistently" thats the problem. I do not know if there is any situation that could be done any other way, but altocins are seasonal, which means that you can't make profit from them at all times. So all that "generating benefits to investors" things are also seasonable as well.

Depends on how informed you are in the altcoin industry.  If you manage to be the first one in the line of investors then I think profit would pretty much be consistent with you. 

[KennyR]

Altcoins always have the potential, if not we couldn't have such a big number of altcoins in the market when bitcoin as the leader able to perform way better than altcoins. When we talk of alternative, we've got a big list with varied purpose and development. For example defi tokens, gaming tokens, NFTs and it counts. We should have the learning to analyse and invest on the right ones. The risk is high, which is the only problem with these altcoins away from the top list.

[Blawpaw]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Investing in altcoins can be a little bit like gambling. The best thing to do when investing in Altcoins, is to do your own homework and research each project before putting any money in. Apart from this, you should always decide how much you are willing to risk and always have a % profit goal. Once it hits the mark, you will need to know how to walk out without ever looking back. Even so, I guess its better to just sit on Bitcoin...

[cryptolists]

My experience from the last few years shows that smaller coins means way bigger risk and it's usually better to just invest very small sums in minor coins. If you focus on some of the bigger altcoins, the volatility seems to be lower and the risk too.

[Luffygroove]

In reality, if you know what you're doing, there's no limit to the ways in which you can make money in the crypto realm. Any facet of cryptocurrencies, if properly explored, represents a potential gold mine. As a result, it stands to reason that you might make money trading altcoins; you would only have to figure out how. Altcoins, and especially the new ones, are not an area where I plan to invest for the long-term. Although certain projects could give you more earnings if you keep them a little longer until they make considerable development, sometimes I don't have the patience to wait for that and instead just ride the wave of the moment with short-term trading.

[blockman]

My experience from the last few years shows that smaller coins means way bigger risk and it's usually better to just invest very small sums in minor coins. If you focus on some of the bigger altcoins, the volatility seems to be lower and the risk too.

That's the ratio from investing in those altcoins that are not yet known, the chance to go home big is high but the risk is also higher that you may go home with nothing.
Investing in the top altcoins won't be as risky as theirs but the returns won't be that much too because of many factors like lesser volatility. But, that doesn't make them exempted from the volatility and they can pump as much as they can too within a single day and be dumped too hard in a single blow within less than a day.

[Bazzu]

Investing in the right altcoins is actually the fastest way of becoming a millionaire in this crypto space

Indeed, by investing in altcoins, our will quickly become a millionaire as long as our invest with large capital. but if our invest in altcoins the risk is very high. because if our fail to invest in altcoins. it will drain our money very much.

[Bull Horn]

Obviously altcoins have potential. If an investor want to invest for long term than check the fundamentals, members, roadmap, community and use case of it. For making short term and intraday profit, altcoins actually have potentials. Altcoins on centralized exchange are bit safe then decentralized exchange.

[Riodarvg]

Many altcoins have the potential to be profitable, but not all altcoins will bring you profits. There are many investors who benefit from altcoins.
Altcoins are more risky than Bitcoin, so when trading altcoins, you need sufficient cryptographic knowledge and analytical skills, and enough experience to find coins with real potential.

[Truyet Lan]

You can learn more about cryptocurrencies and then choose whether to invest or not. It is still different from traditional investing. If you are a novice, you can observe it for a while, and you can try it with that part of the capital. No one knows it right from the start, everyone needs to explore and learn slowly. Good luck.

[irhact]

Obviously altcoins have potential. If an investor want to invest for long term than check the fundamentals, members, roadmap, community and use case of it. For making short term and intraday profit, altcoins actually have potentials. Altcoins on centralized exchange are bit safe then decentralized exchange.

All that can be excellent and yet the project still fails, with altcoins it's only hype that plays a part in the high returns the project gives. When project get hype by influencer and big money spenders then the small investors jump on the trend in buying the coin and in return the project gets the publicity it wasn't getting previously and pumps. Many altcoins has given people lots of profit so the saying that investing in altcoin isn't profitable is a lie. Just that we should be careful of our investment because in as much as altcoins has given people lots of money, it has also made many people go broke.
With altcoins, you shouldn't always think long term. Hold the coins but sell whenever there's a confirmation of the projects not doing so well. Don't be a believer as the CEOs are all liers and will say anything to keep the reputation of their projects intact meanwhile the project is dead.

[Trouvaille]

Altcoins can also bring benefits, but most of them exist for a short period of time and the investment risk is relatively high. Before investing in altcoins, understand the crypto market, learn more about investing and trading, and choose the right project. Knowing the timing of buying and selling is also very important, and grasping the right timing can lead to higher profits.

[RolonNigel]

Altcoins definitely bring some benefits, and many people prefer to invest only in altcoins. They think altcoins can make a lot of money.
If you only invest in meme coins, you may get higher benefits, but this risk is increased. Many meme coins do not survive for a long time, and your money may be gone when you wake up.

[Sokoloau]

Altcoins can also bring benefits to investors, depending on when you buy or sell. Good profits are made when you buy low and sell high, but timing is difficult for many investors.
Now many projects in the crypto market are scams, so before investing in altcoins, you must have a complete understanding and understanding of them, and choose to trade or invest with strong technical support.

[Maximo Spohn]

Investing is risky, and if you have traditional investment experience, it is not much of a problem to enter cryptocurrency trading. You can pay more attention to some professional traders first. The first few investments can be considered a tuition fee. Don't be too excited to make money, keep your original intention, and don't invest a lot of money because of excitement and lead to losses.

[Morningstarr]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

Yes, absolutely but it requires hard work Research on various altcoins Their Roadmap, Tokenomics, Fundamentals, etc. and Investors are all things that are quite helpful to invest in any project.

[SUPERSAIAN]

You should be afraid to put your money in a single altcoin. Buying an altcoin without research can be bad for you, many novices can invest in dysfunctional altcoins with hearsay. I don't think it would be enough to look at the projects in the top 100 in the market. You also have to guess which meta trend will be in the next season. Many altcoins are worthless in the case of extinction right now. Its community is strong, and Major altcoins will provide you with a safer investment.

[bitgolden]

I don't have any idea why this topic attracted so many newbies all of a sudden but I can tell you that it can definitely make a lot of noise for everyone and the profits that you make could not be just from price increase but could even turn into income. This is only possible if you pick the right ones, there are 100 bad ones for each good one so you have to be careful.

But, if you find the good one, the real one, then you could both make money from the price of that coin/token going up but also from the staking/dividends that it pays you every single day and you could totally get rich from it. This all depends on how good of an investor you are and if you can find any good ones.

[asyakashi]

I do not guarantee that except for those who understand about the potential of the coin and are patient in the face of extreme market conditions. Those who are stuck with motivators or content creators who only bruise their wealth from buying coins will only lose their assets here.

[hamba laeh]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Yes, altcoins can provide huge returns to investors. and very many investors have benefited greatly from altcoins. and if you want to invest in altcoins, then in my opinion now is the right time to buy altcoins that have the potential to grow in the future. and you can find information about altcoins through coinmarketcap. because there you will find many altcoins that have the potential to increase in the future. look for the top altcoins.

[erep]

Yes, altcoins can provide huge returns to investors. and very many investors have benefited greatly from altcoins. and if you want to invest in altcoins, then in my opinion now is the right time to buy altcoins that have the potential to grow in the future. and you can find information about altcoins through coinmarketcap. because there you will find many altcoins that have the potential to increase in the future. look for the top altcoins.

You have to assess altcoins from all sides because altcoins also have the highest loss impact, recently many losses from FTX investments and previously high losses from Luna coins and many other negative impacts from altcoin investments. So investing in altcoins also has the potential to be profitable but you have to understand investment patterns based on analysis and technical because some altcoins are only feasible for short term profits.

[Sikinkato]

Not all knockoffs will have the potential to be profitable. Altcoins are riskier than Bitcoin and can be profitable when you buy or trade the right items.
There are a lot of scam projects in the crypto market, so be careful when choosing them. Knowing the fundamentals of the project and knowing how to choose altcoins and handle your assets will make you as profitable as possible in altcoins.

[Sterbens]

Yes, altcoins can provide huge returns to investors. and very many investors have benefited greatly from altcoins. and if you want to invest in altcoins, then in my opinion now is the right time to buy altcoins that have the potential to grow in the future. and you can find information about altcoins through coinmarketcap. because there you will find many altcoins that have the potential to increase in the future. look for the top altcoins.

You have to assess altcoins from all sides because altcoins also have the highest loss impact, recently many losses from FTX investments and previously high losses from Luna coins and many other negative impacts from altcoin investments. So investing in altcoins also has the potential to be profitable but you have to understand investment patterns based on analysis and technical because some altcoins are only feasible for short term profits.

Yes, we have to be even more selective in determining which altcoin is appropriate for us to invest in, because if we choose the wrong one, we will not get a profit but a loss. Here the OP didn't specify which altcoin he meant, so I'm afraid he chose the wrong altcoin. There are many choices here and not all of those choices make us profitable. Honestly, for me personally now it's better to allocate my money into bitcoins for several reasons.

[Viscore]

You have hope when investing in Altcoins, of course you have to look at the types of Altcoins, founders, teams, developments in the crypto market and so on, investing in Altcoins takes a long process for you to understand and get profits, in my opinion if you are a beginner just do long-term investments in Bitcoin & Ethreum, it's safer for you.

Without a doubt, the long term investments in well known top list coins are the safest and most rewarding but time consuming.

While this "sentiment" might be good for some investors, most people come in crypto for easy and quick gains and not time-consuming ones. This does not mean that they are bad, but just that their mindset is different and possibly they are in a money crunch and trying some risky moves. For them the downward spiral begins with buying a shitcoin and then watching it go down until it never comes back up.

My honest opinion is that dont try to get into crypto if you are in for short term gains, unless if you have insider information about advisors dumping or something else. Get in to stay for the long and get in for bitcoin.

Always go for a long term investment with bitcoin. Although altcoins are still profitable only if you come to chose and invest with top ten coins in the marketcap, but if you want more secure and guaranteed bigger profits ahead, then stick to bitcoin it. Sometimes, it’s best to take a bigger risk by buying expensive bitcoin than to settle in less and affordable altcoins and see your investments not growing in the end.

[BigBos]

I do not guarantee that except for those who understand about the potential of the coin and are patient in the face of extreme market conditions. Those who are stuck with motivators or content creators who only bruise their wealth from buying coins will only lose their assets here.

When it comes to potential, yes, Altcoins have a very promising profit potential, but I suggest investing in Altcoins, you need to do research first regarding their utility and fundamentals, and even then if you want to invest for more than one month.
But unfortunately, that doesn't guarantee the safety of your investment funds, just like Luna and FTX, they have pretty good fundamentals and their ecosystem has been running for several years.

If you want to profit from Altcoins you only need Scalping when the coin is hyped.

[Ayers]

You have hope when investing in Altcoins, of course you have to look at the types of Altcoins, founders, teams, developments in the crypto market and so on, investing in Altcoins takes a long process for you to understand and get profits, in my opinion if you are a beginner just do long-term investments in Bitcoin & Ethreum, it's safer for you.

Without a doubt, the long term investments in well known top list coins are the safest and most rewarding but time consuming.

While this "sentiment" might be good for some investors, most people come in crypto for easy and quick gains and not time-consuming ones. This does not mean that they are bad, but just that their mindset is different and possibly they are in a money crunch and trying some risky moves. For them the downward spiral begins with buying a shitcoin and then watching it go down until it never comes back up.

My honest opinion is that dont try to get into crypto if you are in for short term gains, unless if you have insider information about advisors dumping or something else. Get in to stay for the long and get in for bitcoin.

Always go for a long term investment with bitcoin. Although altcoins are still profitable only if you come to chose and invest with top ten coins in the marketcap, but if you want more secure and guaranteed bigger profits ahead, then stick to bitcoin it. Sometimes, it’s best to take a bigger risk by buying expensive bitcoin than to settle in less and affordable altcoins and see your investments not growing in the end.

I advise OP to only invest in bitcoin and ethereum at this point. Even the top 10 altcoins there is no guarantee that we will make a profit, FTX and Luna have shown us that bad things can happen this bear season.

Altcoins have the opportunity to bring huge profits but it is not always a good time to invest in it, many people saying that now is the right time to invest in altcoins is a mistake. Altcoins should only be invested when the market shows signs of bullishness, altcoins are not a long-term investment.

[TheUltraElite]

Altcoins have the opportunity to bring huge profits but it is not always a good time to invest in it, many people saying that now is the right time to invest in altcoins is a mistake. Altcoins should only be invested when the market shows signs of bullishness, altcoins are not a long-term investment.

In the bull market, altcoins will have already gone up and you would end up buying at the top, so it is tough choice and a difficult to make one. Once in the bear market, it is difficult to predict which coin will be going to the top in the next bull run - this ends up becoming a gamble. If someone is willing to take the risk, allocate funds separately for altcoin trading and bitcoin trading with strict rules to not mix the two. The altcoins are going to be a risky move to make while bitcoin is way safer if bought in the bear market.

There is definite potential for altcoins to generate benefits for investors. But this will happen only if the project actually has an inherent market making capability along with a good team and ongoing development. Difficult for them to compete in the mainstream market.

[cloudfir3e]

whether altcoins are profitable or not for investors depends on the investors themselves, because there are already many altcoins that provide big profits to their holders.
if you choose and invest correctly, at some point I'm sure the coin will experience a significant premium.
but not all altcoins have a good long term and have the potential to experience a premium, there are also some coins that actually hurt their investors.

[len01]

Altcoins have the opportunity to bring huge profits but it is not always a good time to invest in it, many people saying that now is the right time to invest in altcoins is a mistake. Altcoins should only be invested when the market shows signs of bullishness, altcoins are not a long-term investment.

In the bull market, altcoins will have already gone up and you would end up buying at the top, so it is tough choice and a difficult to make one. Once in the bear market, it is difficult to predict which coin will be going to the top in the next bull run - this ends up becoming a gamble. If someone is willing to take the risk, allocate funds separately for altcoin trading and bitcoin trading with strict rules to not mix the two. The altcoins are going to be a risky move to make while bitcoin is way safer if bought in the bear market.

an investor who has invested in altcoins during the bearish season is still ongoing, of course he is ready to accept all the risks that occur. and actually for me it is not difficult to choose which altcoins have good potential in the next bullish season, by choosing old altcoins. because old altcoins have been recognized by many investors who always bring big profits after the halving and bullish arrives

There is definite potential for altcoins to generate benefits for investors. But this will happen only if the project actually has an inherent market making capability along with a good team and ongoing development. Difficult for them to compete in the mainstream market.

actually it is true that altcoins will really have big profit potential for investors, but that applies when the bullish season is coming and for old altcoins (IMO). so it would be better if investing in altcoins is better to buy when the signs of the bullish season are coming, as @Ayers said

[sukmo]

Instead of leaving no doubt that ALTs make a lot of money for both short and long term investments, you can examine the potential of alts on CMC or coin gecko, by comparing the trading volume of BTC with the top 50 alt coins.

And then you will understand the power of alts and how much people invest in them for passive income sometimes people come buy when the market is bullish and never come when the market is bearish, so it's time to take some for long term investment at least next 1 to 2 years it will be profitable for you, not guarantee for short term investment, but do further research which altcoin good for you, go and see MATIC and BNB. so be careful in choosing it. That's because too many altcoins will only give you a hype feeling but in the end, it will wear off and you will never like it.

Bitcoin, altcoin or any project, you should choose the best based on what you know about them.

You DYOR before investing your money but if you trade you can just look it up on the exchange, see the volume and make it right.

[alexandr1115]

In general, some altcoins can show good growth and even surpass bitcoin, since altcoins have less capitalization and it is much easier to raise the price! but again, not everything is so simple, much depends on the project that released this altcoin! but altcoins themselves are also an interesting tool.

[kzkazu]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins are indeed profitable, but altcoins have greater risks than Bitcoin.
There are a lot of rubbish coins in the encryption market, because some altcoins are too risky, you must carefully choose to invest in potential altcoins, and you need to conduct research and analysis before making an investment decision, try to study those top-ranked altcoins in the market and rationally choose.

[Yatsan]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins are indeed profitable, but altcoins have greater risks than Bitcoin.
There are a lot of rubbish coins in the encryption market, because some altcoins are too risky, you must carefully choose to invest in potential altcoins, and you need to conduct research and analysis before making an investment decision, try to study those top-ranked altcoins in the market and rationally choose.

Not only as being a profitable investment but also, project tokens or altcoins most of the time has utility whether in the sector of entertainment, healthcare and such. Point is that, other than being an asset, there are other usage of it. such as with gambling projects wherein tokens of that certain projects would allow a player to use the token in order to be able toplay different gambling games. Same thing with other games in crypto industry wherein their tokens are being used to buy things in the game which would make the game more enjoying if it has additional "buy in items." But we still cannot blame people who are looking forwrd with alctoins only as for alternative investment .There's really more into this technology.

[Awaklara]

In general, some altcoins can show good growth and even surpass bitcoin, since altcoins have less capitalization and it is much easier to raise the price! but again, not everything is so simple, much depends on the project that released this altcoin! but altcoins themselves are also an interesting tool.

for short term profit, yes we can use altcoins for that. but for long term profit, it will be risky if we don't choose the right asset.
sometimes, exchange project tokens/coins are considered very good for the long term. but after what happened to FTX, I think more and more people will avoid tokens/coins from exchange projects as they are riskier in the long run. Be wiser in choosing your investment assets. many suggest focusing more on Bitcoin.

[coinerer]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything

[wastagnn]

Some altcoins can bring benefits to investors, but not all altcoins are like this.
Especially for beginners, investing in altcoins at the beginning means that there is a greater risk. Don't rush to make a profit, lest you suffer a huge loss from the beginning. You can start by investing in Bitcoin and learn encryption knowledge from it, and then move to altcoins when you have enough investment experience and skills. This is when there is enough power to profit from buying or trading the right items.

[sgeldercoin]

Sure investors benefit if they invest in the right coin, like GELDC for example, because GELDC
has the highest marketcap of all coins and if it gets listed at coinmarketcap dot com
then it is even ahead of Bitcoin and Ethereum and all the other low marketcap coins.

So, if investors buy now they are ahead of the masses and can profit massively.

[justdimin]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything

Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.

[coinerer]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything

Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.

at this time marketing situation is bad that's why New projects are coming to the market comparatively less.  And the projects that are coming to the market are not doing very well either. And due to the deterioration of Bitcoin and some recent bad events like LUMA crash, FTX bankruptcy, all the altcoins in the market are in a very bad condition. So if one is planning to invest for long term then now will be the suitable time for him.  If he invests now, he will get good quality profits as soon as the market improves

[|MINER|]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything

Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.

at this time marketing situation is bad that's why New projects are coming to the market comparatively less.  And the projects that are coming to the market are not doing very well either. And due to the deterioration of Bitcoin and some recent bad events like LUMA crash, FTX bankruptcy, all the altcoins in the market are in a very bad condition. So if one is planning to invest for long term then now will be the suitable time for him.  If he invests now, he will get good quality profits as soon as the market improves

I am agreeing your words but I want to mention that Alt-coin is now high risky for investment  whether it's for long-term or short-term. The market is in such a bad state right now that anything can happen, so I would advise you to refrain from investing in any kind of alt-coin right now.  And currently, the new coins can't survive in this situation or they are scams, so if you have to hold or invest, I suggest you to suck bitcoin. However, it is better to use lazy funds to invest.

[Oilacris]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything

Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.

at this time marketing situation is bad that's why New projects are coming to the market comparatively less.  And the projects that are coming to the market are not doing very well either. And due to the deterioration of Bitcoin and some recent bad events like LUMA crash, FTX bankruptcy, all the altcoins in the market are in a very bad condition. So if one is planning to invest for long term then now will be the suitable time for him.  If he invests now, he will get good quality profits as soon as the market improves

I am agreeing your words but I want to mention that Alt-coin is now high risky for investment  whether it's for long-term or short-term. The market is in such a bad state right now that anything can happen, so I would advise you to refrain from investing in any kind of alt-coin right now.  And currently, the new coins can't survive in this situation or they are scams, so if you have to hold or invest, I suggest you to suck bitcoin. However, it is better to use lazy funds to invest.

There are people who cant just sit down and would just letting the opportunity to slip away.We do have indeed lots of coins in the market and most of them are shit but we arent that blind that there are

ones which are really that having the potential or does have the chance for you to make profits and this is where diversification would start out.If you could bare up the risk then its not bad to have

considerations on putting or throwing up money into altcoin investment but you would really still need to make out some research and having those in depth considerations before making such step.
If there's no chance on making profits with altcoins then we wont be able to see those volumes that they do currently have specially with those in rankings.

[coinerer]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything

Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.

at this time marketing situation is bad that's why New projects are coming to the market comparatively less.  And the projects that are coming to the market are not doing very well either. And due to the deterioration of Bitcoin and some recent bad events like LUMA crash, FTX bankruptcy, all the altcoins in the market are in a very bad condition. So if one is planning to invest for long term then now will be the suitable time for him.  If he invests now, he will get good quality profits as soon as the market improves

I am agreeing your words but I want to mention that Alt-coin is now high risky for investment  whether it's for long-term or short-term. The market is in such a bad state right now that anything can happen, so I would advise you to refrain from investing in any kind of alt-coin right now.  And currently, the new coins can't survive in this situation or they are scams, so if you have to hold or invest, I suggest you to suck bitcoin. However, it is better to use lazy funds to invest.

This bad market situation can be a golden opportunity to earn big profits .because must of the coins and tokens are in a huge dump and all will be recover again Which has happened a few times before . So it would be smart to invest in some potential altcoins at this time. I am personally interested in investing in BNB and MATIC at the time.  I am not giving final advice to anyone.  I am just expressing my opinion

[Psynthax]

In general, some altcoins can show good growth and even surpass bitcoin, since altcoins have less capitalization and it is much easier to raise the price! but again, not everything is so simple, much depends on the project that released this altcoin! but altcoins themselves are also an interesting tool.

it's like investing in early phase of startups it definitely have the chance of giving high return but at the end of the day many of them are unsustaining and will just become bankrupt, but the point is, you certainly could make some good fortunes off the fact that the value of these coins are highly fluctuative and it's just matter of finding the right chance for realizing the gain.

[evichi]

In my opinion, altcoins have some potentials of generating profit for investors, but the big question is: which altcoin(s)? Coins like BNB, ETH are all altcoins that have benefited especially the early investors. To invest in any altcoin, you need to conduct detailed study/research on the altcoin in question. IMO, some of the things to look out for to determine which altcoin have a future potential are: Who are those behind the altcoin? and what is there reputation and experience?, What is the usefulness of the altcoin to the crypto space? How about the token economics? and many more things you have to study/research. You have to carry out detailed study about the altcoin. Secondly, only invest the money you can afford to loose. As you are already scared of putting your money in altcoins, then it means you should not invest the funds for now. You have to invest only the money you will not be scared to loose. Thirdly, don't put all your eggs in one basket. As you have heard of the major bad news in the crypto space this year, the UST/LUNA crash and the FTX collapse which people lost a lot of money - is a lesson that investing in crypto space is a high risk investment because you may loose your funds ... and may never recover it.

[Mr. Magkaisa]

  -  It depends on the altcoins and how they will run in this industry, it's hard to invest in altcoins because you're just carried away by their hype and what their communities say. You should do your research here, and you should also know how to recognize if an altcoin is legitimate or not.

That's why most people here in the forum always say "Do your research" because it's important and it's also for the money we're going to put out so that it's not wasted and instead has a good profit in the future.

[SquallLeonhart]

I want to mention that Alt-coin is now high risky for investment  whether it's for long-term or short-term. The market is in such a bad state right now that anything can happen, so I would advise you to refrain from investing in any kind of alt-coin right now.  And currently, the new coins can't survive in this situation or they are scams, so if you have to hold or invest, I suggest you to suck bitcoin. However, it is better to use lazy funds to invest.

Another thing we need to realize is that true decentralized ones will not be controlled and that means only we are in charge. Sure there are plenty of project with devs at the top who can do whatever they want, even as high as BNB where we could see CZ do whatever he wants, but the real decentralized ones where even the dev can't do anything, means that it's only us in charge, so we could make it go up, and nothing in the world could ruin our fun there and only we would sell it o make it go down.

Obviously that sometimes happens, look at the bitcoin price for the past 1 year and how it dropped, we know that it's decentralized and still went down, but that's a good buying chance.

[alik111]

To make profits from altcoins traders should have proper knowledge about analysing any altcoins. There are many top altcoins which have the potential of generating benefits of investors. That's why you have to select gems for the investment.

[zeuner]

I always feel satisfied each time I ask questions here. Before now I didn't know that other big cryptocurrencies like ETH and BNB still fall under altcoins. I'm really gaining a lot of knowledge here as it has to do with cryptocurrency and trading. I appreciate everyone of you. Love you all.

Any coin other than bitcoin is an altcoin. With more coins coming in view, people think that the top few coins are the real while the others are alts.

It is not that all of these coins are worthless, rather it is difficult to actually see which ones are worth investing in. If you are into altcoins try to stay with those top 5 and not with th scum that comes up every day. Because in the long run only the top coins will be the profitmakers.

In the short term it might seem thatyou are missing out on many of these coins. This is not the true case because short term gains happen with many altcoins but carry an equal or higher risk compared to bitcoin. It would be difficult for one to judge the long term coin on any specific coin but for Bitcoin it is always good.

One problem today (when compared to the time when the first altcoins were started) is that new altcoins are almost bound to avoid PoW because it's almost impossible to start with enough mining power in order to avoid 51% attacks. This puts limits on what new altcoins can achieve as long as no one invents a real replacement for PoW.

[My ThuiHa]

Bitcoin is a long-term investment option among cryptocurrencies. Gaining profits in the short term is still through altcoins. Although I am not a day trader, I still keep an eye on the market from time to time. The ups and downs of altcoins are greater than that of Bitcoin. It is suitable for you to trade within the range. I think newcomers should observe the market more, and invest a small amount to feel the market.

[Terezi]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins can indeed bring benefits to investors. Most altcoins were profitable at first, but over time there were many altcoins that could not survive the bear market, most only in the short term. Be more vigilant and patiently analyze and research when investing in new altcoins to avoid more losses.

[fzkto]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins can indeed bring benefits to investors. Most altcoins were profitable at first, but over time there were many altcoins that could not survive the bear market, most only in the short term. Be more vigilant and patiently analyze and research when investing in new altcoins to avoid more losses.

Buying altcoins during a bear market and selling them during a bull market can be a good strategy for investors. The main thing is to choose new altcoins every new market phase, because old coins die more often. And it is better not to get attached to such projects. Sell and forget. That way you can minimize the risk of losing money.

[nidacoinlove]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins can indeed bring benefits to investors. Most altcoins were profitable at first, but over time there were many altcoins that could not survive the bear market, most only in the short term. Be more vigilant and patiently analyze and research when investing in new altcoins to avoid more losses.

Buying altcoins during a bear market and selling them during a bull market can be a good strategy for investors. The main thing is to choose new altcoins every new market phase, because old coins die more often. And it is better not to get attached to such projects. Sell and forget. That way you can minimize the risk of losing money.

It's not just buying in a bearish market, one needs to seek for potential alts that could make it through the bearish as well. With every coming day things get refined and new features are added to the alts. Therefore, it is must to go through the white paper and also to see the credibility of the technical team behind the project.

[fzkto]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins can indeed bring benefits to investors. Most altcoins were profitable at first, but over time there were many altcoins that could not survive the bear market, most only in the short term. Be more vigilant and patiently analyze and research when investing in new altcoins to avoid more losses.

Buying altcoins during a bear market and selling them during a bull market can be a good strategy for investors. The main thing is to choose new altcoins every new market phase, because old coins die more often. And it is better not to get attached to such projects. Sell and forget. That way you can minimize the risk of losing money.

It's not just buying in a bearish market, one needs to seek for potential alts that could make it through the bearish as well. With every coming day things get refined and new features are added to the alts. Therefore, it is must to go through the white paper and also to see the credibility of the technical team behind the project.

I absolutely agree with you that you need to spend a lot of time to research the project you are interested in in order to avoid scams. But as practice shows, even reliable projects can go bankrupt, such as the recent story with TERRA LUNA. So you can never put all your eggs in one basket and you should always diversify risks.

[lobo13hf]

definitely not all the altcoins could ever give benefits, it works just like other investments, the relatively low valued and volatile coins that is the altcoins could always gives tremendous benefits but at the end of the day that truly delivers are just very few of them. therefore they have potential, but still need to see their growth in knowing whether your investments could brings profit and benefits to you.

[Sterbens]

definitely not all the altcoins could ever give benefits, it works just like other investments, the relatively low valued and volatile coins that is the altcoins could always gives tremendous benefits but at the end of the day that truly delivers are just very few of them. therefore they have potential, but still need to see their growth in knowing whether your investments could brings profit and benefits to you.

True, of the many altcoins, only a few of them provide benefits for their holders. It will be very difficult to determine which altcoin is good for us to invest. It requires deeper analysis, and even if we do that sometimes it doesn't go as we expect. I've often come across coins with great projects supported by large communities that end up being disappointed or even perceived as fraudulent projects.
When talking about altcoins, sometimes luck is also a factor that will determine whether we are profitable or not. Coins deemed to have no potential sometimes take surprising steps.

[Rodriguezan]

Personally, I think altcoins having the full potentials to making investors financially free.

[so98nn]

This does not work same for everyone. There are good investors with plans and strategies which are making them millionaires just by investing their money on alts. Obviously we keep suggesting that Do not invest money in alts because they are weak hands. However, have you ever noticed the volume that goes into alts? For that matter consider the oldest alts and those in the top 100. They are doing great, they are around bitcoin as the same age of it and making good returns for traders. May be it’s about how you make investment and not just the random investments and hopes for mega returns.

[Derrickiell]

Altcoins can bring economic benefits to investors, but you should choose potential altcoins through your own understanding. The risk of altcoins is greater, and most of them are profitable at the beginning, but they will gradually disappear. There are more and more altcoin projects in the market, most of which are hype and scams, so you must be careful when choosing to invest.

[ningrum]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins can indeed bring benefits to investors. Most altcoins were profitable at first, but over time there were many altcoins that could not survive the bear market, most only in the short term. Be more vigilant and patiently analyze and research when investing in new altcoins to avoid more losses.

Buying altcoins during a bear market and selling them during a bull market can be a good strategy for investors. The main thing is to choose new altcoins every new market phase, because old coins die more often. And it is better not to get attached to such projects. Sell and forget. That way you can minimize the risk of losing money.

It's not just buying in a bearish market, one needs to seek for potential alts that could make it through the bearish as well. With every coming day things get refined and new features are added to the alts. Therefore, it is must to go through the white paper and also to see the credibility of the technical team behind the project.

I absolutely agree with you that you need to spend a lot of time to research the project you are interested in in order to avoid scams. But as practice shows, even reliable projects can go bankrupt, such as the recent story with TERRA LUNA. So you can never put all your eggs in one basket and you should always diversify risks.

True besides that sometimes some people are impatient in the process and of course it's very unfortunate,
putting eggs in just one basket will make the risk even greater and it is not recommended,
with risk diversification at least it minimizes risk

[dezoel]

Having some staking that works for you would be the dream come true. Imagine having a situation where you make 10% yearly and it's guaranteed, and then you put 10% of your salary in there every month as well, which means that 10% you make grows bigger and bigger, while also the price of the coin grows each year as well.

Eventually you will end up with making some sort of profit and yields will be so huge that you could live off that as well. That's the dream, having an asset that goes up, will paying for your living costs at the same time. Houses are great investments because of this and it's true for all over the world, not just one nation neither.

[Marcorey]

Altcoins can provide great returns to investors. Some altcoins have already delivered decent returns to their holders. If you have enough experience to choose and invest in potential currencies, you can make profits in a short period of time. There are also many scam projects in the crypto market, so choose your own.

[Margaretv]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

It has been nearly 5 months since you posted the post, I would like to know what is your situation now? Is the mental state okay? As a novice, working 7*24 hours will make people feel very tired, especially in the second half of this year, the market has fallen very sharply. I wonder what altcoins you chose? Do you make contracts on a centralized exchange? If so, you have entered a dangerous situation.

[Victorik]

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Yes they do. Many have made a fortune from trading altcoins and some have also lost a fortune trading altcoins.
So I'd advise you tread very carefully, there are a lot of scam out there parading themselves as the next big thing in crypto, invest without proper investigation and lose your money.