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

[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.