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

[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.