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

[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.