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Author Topic: Does altcoins actually have the potentials of generating benefits to investors?  (Read 1195 times)
cloudfir3e
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November 24, 2022, 03:04:00 PM
 #141

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.

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November 24, 2022, 06:50:02 PM
 #142

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. Roll Eyes
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

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November 25, 2022, 06:18:30 AM
 #143

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.
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