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

[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.

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[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.