Why you should be very careful with alts

[alexandr1115]

Many do not take into account a very important point about altcoins. This is a very big advantage that altcoins have. A very important point is that altcoins usually have a relatively low price and it is much easier to raise such a price, and I repeat once again that it is much easier to raise such a price and not many people take this into account, and this is a very important advantage! Therefore, those who do not speak very well about altcoins, they simply do not understand well what their advantages are. Of course, a lot undoubtedly depends on the project itself, because if the project is abandoned, then there is no sense in it. Therefore, yes, caution does have an important role when choosing projects.

[1715371418]

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[1715371418]

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[albon]

Crypto is a perfect engine for scammers because it's still unregulated and it's also the wild west when it comes to making money quick with less efforts. .

Apart from rugpulls and influencers scam that are very famous with altcoin investment there is one particular side I want you to be much aware of.

Many altcoins you are seeing right now are build on "Make the project, promise the entire world rare utilities and never really deliver anything, they will keep using words and investors will keep hoping.

They deliver small updates only to push the price higher.

They spent hours live streaming almost everyday.

They trust hype more than anything and a finished product will ruin it.

Keep a track of your altcoins regularly and once you see the slackness in the team it's safer to switch.

Yes, this is all true. Most of the owners of scam projects make many promises and great goals to attract investors and gain their trust. Investors will continue to hope for many years, and in the end, the finished product of the project will ruin it, the altcoin will collapse, the project will fail completely, and investors’ money will be lost and their hopes will be destroyed. Therefore, the altcoin project team is among the most important factors that we must take into account before investing in any altcoins, because if a team is not honest with its promises and does not have sufficient experience, and is reckless, then we can immediately switch to any altcoins, so this decision will be safer.

[Kelvinid]

Keep a track of your altcoins regularly and once you see the slackness in the team it's safer to switch.

It is not necessary anymore if you are only investing in potential altcoins like Ethereum. But if you are in these shitcoins and new projects, you'll gonna do that otherwise it makes you surprised that your portfolio had gone ZERO.

Investing in altcoins isn't a bad idea but investing in new projects is a different story and riskier. As an investor, we need to learn how to assess the projects before investing if we need to avoid losses. Scam projects are flooded in the market which is why we should be careful and cautious with them, especially for hyped projects.

[klidex]

Many do not take into account a very important point about altcoins. This is a very big advantage that altcoins have. A very important point is that altcoins usually have a relatively low price and it is much easier to raise such a price, and I repeat once again that it is much easier to raise such a price and not many people take this into account, and this is a very important advantage! Therefore, those who do not speak very well about altcoins, they simply do not understand well what their advantages are. Of course, a lot undoubtedly depends on the project itself, because if the project is abandoned, then there is no sense in it. Therefore, yes, caution does have an important role when choosing projects.

Indeed, altcoins can be very profitable for their holders if used correctly and appropriately. Moreover, many altcoins are used by whales to gain profits.
We as swords can take altcoins that have the potential to increase in price and sell them before the pope or the person holding the most coins sells all of their assets. I admit it is not easy to be able to do that.
A trader must really look at and analyze prices from start to finish, not to mention still have to determine the location of the price when buying or selling it appropriately.
However, vigilance and caution remain the most important points in order to avoid the risk of losing large amounts of money, because trading altcoins has a greater risk than buying a coin with good fundamentals like Bitcoin.

[d3nz]

Keep a track of your altcoins regularly and once you see the slackness in the team it's safer to switch.

It is not necessary anymore if you are only investing in potential altcoins like Ethereum. But if you are in these shitcoins and new projects, you'll gonna do that otherwise it makes you surprised that your portfolio had gone ZERO.

Investing in altcoins isn't a bad idea but investing in new projects is a different story and riskier. As an investor, we need to learn how to assess the projects before investing if we need to avoid losses. Scam projects are flooded in the market which is why we should be careful and cautious with them, especially for hyped projects.

This is very true. Investing and taking a risk is really different if you know what you are doing. Taking a risk to buy an altcoin that is not really profitable and useless in the future is just a waste of money, and investing is really the key to success and could earn you big if you invest in the right altcoin that has the active team and still on the development of a very long time like ETH except Bitcoin of course..

[abel1337]

I think OP is pertaining to the altcoins that are born during the bull market. Let's be honest, Majority of the altcoin that are made during the bull market are now dead and has low to zero value today. The altcoins that are created during bull market are mostly hype driven and we have seen a lot of rug pulls more than ever in the history of crypto and addition to that is projects are hugging influencers partnerships rather than project development which is the opposite of successful crypto project.

[so98nn]

The unregulated market? It’s better be that way because that’s the whole point of crypto currencies and the way they should be working by now. I mean the whole principle is to have regulation free currency which we now have and enjoying it.

Now nobody cares if the market is unregulated or how is it going with it as long as you are playing it completely safe with altcoin market. We can do it safely only if know on which project to trust and which not.

[Ziskinberg]

The unregulated market? It’s better be that way because that’s the whole point of crypto currencies and the way they should be working by now. I mean the whole principle is to have regulation free currency which we now have and enjoying it.

Altcoins are in a state of having huge trouble this time. A scam is one of the big problems that it triggers doubt and uncertainty in investors. In fact, their numbers are multiplying because of being unregulated and nobody stopped developers to create this. If we are going through this every day, I don't know what really happen in the market when it covered a huge percentage of useless projects.

Now nobody cares if the market is unregulated or how is it going with it as long as you are playing it completely safe with altcoin market. We can do it safely only if know on which project to trust and which not.

The government is very much concerned about and now targeting crypto in order to have their control as well after fiat.

[lalabotax]

Many altcoins you are seeing right now are build on "Make the project, promise the entire world rare utilities and never really deliver anything, they will keep using words and investors will keep hoping.

The main reason is the proof that most of the altcoins are shit coins. Whatever their concepts and promises, they will be shit coins and not worthy. They have very big promises, but they will not be able to reach them, or even if they reach them, they can only maintain them for a while, and then, fall down tot he earth and become shit coins again.
Only very few altcoins that are exactly surviving around the years, from year to year. Even top coins like Litecoin and XRP which are old coins, are also dropping and cannot reach their previous price again in the last bullish era. Altcoins will likely be always replaced by others in every era.

[serjent05]

The altcoin area is brimming with scam projects, it has been that way since the early years of cryptocurrency.  We even witnessed a supposed to be legit project turning into scam and fraud which is why doing extra care and extra research is very important.  We must also be updated on all corners of the cryptocurrency we are invested one wrong move and delay of information can cost us our investment.  Many altcoins often do swaps to get rid of holders that are idle(which I think is another form of scam).  So we should be very careful in dealing with alts.

[lobo13hf]

had those shit coins being created in current bearish surely people would be using their wiser mind in deciding to not invest into these kind of coins, the thing with these shit coins that you mentioned is that they are created in the middle of bullish where quite literally everyone judgment getting clouded by the profits they are making, that would certainly the only catalyst in the growth of these shitcoins in general, therefore in trend of bullish investing should be done carefully than in bearish from my 2 cents and certainly majority of coins will vanish when the trend is changing.

[Vaskiy]

There is a saying, tokens are generated out of thin air. This suits with thes kind of scam projects that mainly focus on the scamming the investors and run away. In recent years this have increased much, as cryptocurrency is well talked freely. The same is used as an opportunity by scammers to make money out of the common people with false statements. This can be overcome only through proper learning about cryptocurrencies and the market.

[Kiresiura]

Many projects in the crypto market are unreliable. Many altcoins that start off as quick profits to attract more investors turn out to be scams.
It is imperative to carefully research your options before investing in altcoins. To avoid bigger losses it is better to turn your attention to Bitcoin.

[Bobrox]

The altcoin area is brimming with scam projects, it has been that way since the early years of cryptocurrency.  We even witnessed a supposed to be legit project turning into scam and fraud which is why doing extra care and extra research is very important.  We must also be updated on all corners of the cryptocurrency we are invested one wrong move and delay of information can cost us our investment.  Many altcoins often do swaps to get rid of holders that are idle(which I think is another form of scam).  So we should be very careful in dealing with alts.

Many altcoin have been scam from price drop until 100% like Luna and FTT until exploit issues and make their coins delisting from exchange market, I still hold about three altcoin have been scam and not ability for selling it after delisting in top exchange market. Seems easy with altcoin project get exploit and make us more careful when investing in altcoin project.

Unacceptable reason with several altcoin upgrade or changed their contract address without giving the same compensation with previous or old coin holder, actually risk when long term investing in altcoin, not only issues with exploit but change smart contract address make us loss much money with unlogic refund with old coins holding.

[_morghulis]

Many projects in the crypto market are unreliable. Many altcoins that start off as quick profits to attract more investors turn out to be scams.
It is imperative to carefully research your options before investing in altcoins. To avoid bigger losses it is better to turn your attention to Bitcoin.

Crypto has attracted alot of scammers and they tend to do their bidding using altcoins.
They only create altcoin not for the benefits of the community but because of their selfish and greedy intentions, that's why you see an altcoin that's doing great to will suddenly get rugged the next day.

[Cling18]

Many projects in the crypto market are unreliable. Many altcoins that start off as quick profits to attract more investors turn out to be scams.
It is imperative to carefully research your options before investing in altcoins. To avoid bigger losses it is better to turn your attention to Bitcoin.

Crypto has attracted alot of scammers and they tend to do their bidding using altcoins.
They only create altcoin not for the benefits of the community but because of their selfish and greedy intentions, that's why you see an altcoin that's doing great to will suddenly get rugged the next day.

This has been happening in the entire crypto world for a long time already. Scammers are always hiding behind new projects and targeting many investors with their flowery words of promises about their projects just to take money from them. They will lie just to attract investors and would run away later on. That's why we are always advised to research so we won't fall for their trap. We must be observant as much as possible so we will know if a project is legit or not.

[Xal0lex]

There is a saying, tokens are generated out of thin air. This suits with thes kind of scam projects that mainly focus on the scamming the investors and run away. In recent years this have increased much, as cryptocurrency is well talked freely. The same is used as an opportunity by scammers to make money out of the common people with false statements. This can be overcome only through proper learning about cryptocurrencies and the market.

Scammers do not slack, and every year they create more and more scam tokens with big promises. If a project is traded on some pancakeswap, that's a reason to think to pass by that token. Usually such tokens have extremely scarce capitalization and trading volume, and their creators are anonymous and do not disclose their identity. Such a project is 99% scam.

[trendcoin]

...
Many altcoins you are seeing right now are build on "Make the project, promise the entire world rare utilities and never really deliver anything, they will keep using words and investors will keep hoping.
...

I agree with the main text of the message and this part of the emphasis. Many of the altcoins were created with the obvious fraudulent purpose. We all know this. There are very few projects that are truly technology-oriented and have a vision. That's why we should always be vigilant in this market. In particular, we should avoid establishing emotional ties with altcoins. When we reach profits in altcoins that will satisfy us, we should make it a habit to make logical decisions. Otherwise, we cannot have good memories in this market.

[MinoRaiola]

These projects, or new projects (alts) are like sports betting. During a football match, the score can change more times and even a few minutes before the end, you can lose or win everything. The Standard odds are between x1.1 to x3. The odds with x4 are riskier, but they happen often. And it is the same with such projects, it happens, but you need a lot of luck and patience not to decide too early and at the best moment. Some projects start as scams, most recently Play and Earn games with such beautiful NFT mods…

[DeathAngel]

Crypto is a perfect engine for scammers because it's still unregulated and it's also the wild west when it comes to making money quick with less efforts. .

Apart from rugpulls and influencers scam that are very famous with altcoin investment there is one particular side I want you to be much aware of.

Many altcoins you are seeing right now are build on "Make the project, promise the entire world rare utilities and never really deliver anything, they will keep using words and investors will keep hoping.

They deliver small updates only to push the price higher.

They spent hours live streaming almost everyday.

They trust hype more than anything and a finished product will ruin it.

Keep a track of your altcoins regularly and once you see the slackness in the team it's safer to switch.

Some good advice here, also worth mentioning that if your coin has a CEO or was largely premined then it can be very risky. Decentralisation is very important in crypto, we have all seen first hand what can happen when one or a few people have too much control over a project.

I wish you all the very best of lucky but extensive research is required before significantly investing in altcoins.