Learn from a brother's mistake

[Xal0lex]

it always lack of research that causes such investments to be massive failure, usually if you are investing in altcoin you should know how to distinguish good project from the technical aspects if you couldn't do it then you're gonna losing.
like many have mentioned it's just far better if you could always diversify your investments, i'd even considers diversifying your investments when you're investing in altcoin the only safe guarding towards these rugpulls and many more, many underestimated the importance of diversification meanwhile had the victims of the luna was diversifying their investments further, they'd still come out relatively unscathed than losing all their investments to some crashes that just doesn't make sense.

Indeed, the fact that many people do not know how to do a quality research project and their investment resembles a game of roulette, then generates a lot of stereotypes about the fact that investing in altcoins or in new projects is accompanied by increased risks. In fact, investing in altcoins is accompanied by increased risks only in the complete absence of own analysis and research, there is no strategy for the selection of good projects from bad ones. That's why many invest in all kinds of garbage, which is traded on some dex, like pancake, and then wait for a miracle that this project will grow 100 times.

[Lida93]

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

It still doesn't makes the project an 100% assurance all because it was launch through binance pad, they can still fail to meet up expectations and crash out.  The best is to never invest a huge amount into any altcoins and don't let your investment stay too long too, as some of these projects from the initial weren't built to last a longer period as against our long term intentions.

[Rengga Jati]

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

[bittick]

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

it should be common sense that our biggest investment should belong in bitcoin, mainly because bitcoin is the trendsetter, any other coin always follow bitcoin because it's the most important coin ever.
the thing with altcoin is that you're more likely making profit out of altcoin investment by investing some money and diversifying it rather than just putting all your investments in one basket, the return is high but the risk is also higher.

[Desmong]

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

altcoins are good when the team behind them are good and experienced and do not have the plan of making the project a rug pull. We all depends on altcoin, we might do mistake and buy the wrong projects or altcoins that will make us lose severely from the market. We need to be very careful how we invest in altcoin projects.

[carlfebz2]

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

Diversify as much as we can but we know that not all does have the money on doing so and this is why they would be sticking on investing whether on 1-2 altcoins and if they get hacked then it would be a total

fucked up situation because it is really that to recover those.I do make out several altcoin investment too and im eyeing for the upcoming bull run, even though im not that assured but at least
i did make out some risk taking on something which i do believe that it might paid off or not.

You wont really be gaining something if you wont really be making such step or risks and this had been always a part.

[Silberman]

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

Lowering the risk at which you are exposed should be a priority for investors since the more risk you take the higher the chances you will make an irreparable mistake which will take you years to overcome, if ever, and investing in bitcoin reduces your risk significantly as unlike altcoins it will not disappear out of nowhere or get hacked, yet on their desire to get more profits investors are willing to take all kind of risks and refuse to invest most of their capital in bitcoin, and unfortunately the majority of those investors end up suffering massive losses.

[Oasisman]

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

I was wondering, what made him to just go all the way with this alt? Is he following some social media influencer? Or a blog article? Because, most of the time, we don't fully trust our own research, we always needed some more reviews and suggestions before we put our monet into a certain alt. But in your brother's case, he put all his money in this alt? Someone just influenced him with his decision.
I'm not familiar with that alt, but based on your statement, it looks like it's a bust or something like that.
That really sucks, he could've put it all in Bitcoin instead.

[Mpamaegbu]

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Some people will tell you that there's a foul play with all Binance launchpads, that there's a high tech manipulation in price and that's why they all have nice ROI once released to the market. I guess since there hasn't been any evidence as to any wrongdoing on the part of Binance, everything said should be taken as mere FUD by envious parties. Concerning the issue at hand, I ain't conversant with the Alliance Block case but there's something you said there that's instructive and that's never to put all one's eggs into a single altcoin  investment. Splitting it will save the day and prevent unnecessary heartache.

[Silberman]

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

I was wondering, what made him to just go all the way with this alt? Is he following some social media influencer? Or a blog article? Because, most of the time, we don't fully trust our own research, we always needed some more reviews and suggestions before we put our monet into a certain alt. But in your brother's case, he put all his money in this alt? Someone just influenced him with his decision.
I'm not familiar with that alt, but based on your statement, it looks like it's a bust or something like that.
That really sucks, he could've put it all in Bitcoin instead.

For what I can tell most people have already formed themselves an opinion of what they want to do, and when they look for an advice they only do so as a way to confirm their views, they are not really being influenced they just want to hear others expressing the same opinion as them, unfortunately this means that they will ignore the opinions of others which may warn them about the dangers of investing in a particular coin, and by the time they are willing to listen there is nothing they can do.

[bittick]

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

risk management honestly means nothing if all the coins we invested in for the sake of diversification are just bunch of shitcoins in general so yea, it's better investing in bitcoin and ethereum.
wanted to add one thing that is diversification doesn't necessarily means equal distribution among the coins we invested but instead always invest heavily in coin that's famous and have massive liquidity like btc and ethereum.

[so98nn]

Multiple cases based on such downfall when it comes to the altcoin world. It is like new normal day in the world of Altcoins (not bitcoin ) which should make us think how seriously one should take the investments related to them. It’s been long time I have literally invested in new projects that are coming.

By experience, I am only investing on RVN and 2-3 other alts which are based on PoW, they are mineable and with limited supply. They at least have the security of proof, miners working around the clock thus keeping the economy alive all the time.

That’s the coin which are far trusted in my list and probably better to follow this filtering in long term.

[Yatsan]

Successful people have gone through many trials and errors before becoming one. Unfortunately, there are times lessons are taught the hard way. Simply the process of learning. To how I view this, for sure there's a bit of negligence but not to blame OP's friend but to somehow emphasize the lesson; know what you are doing. Engaging into something without prior knowledge in particular with risks, won't bring you any better outcome. Checking a project or token's credibility, putting the right amount of investment, or simply just managing the risks involved given that it will always exist in the field of investment. Learn from it and seek for the betterment of any situation. Be more ready.

[lalabotax]

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

This is a really sad mistake. Investing all in one project which not the top project will be very high risk. Whatever the promise of the developer about the project, NEVER TRUST THEM.
This is really a worthy experience for us, but for him, I know that it really hurts. I don't know what made him exactly believe 1000% in that project so investing much money in the project. Did he ignore some advice from you previously?

But, aside from the experience, whoever we are, we may be at the same time where we are expecting too high in such a project. But, we must remember that not all projects can be successful. That is why if we are gem seekers or we are investing in altcoins, we must ignore all in one basket.

[Cling18]

This is a perfect example of why investors should think twice about investing in new projects if something goes wrong investors may lose everything on the table. Diversifying the altcoins portfolio and making some research on the newly launched projects can save the day instead of fighting back on social media. As explained by other users, we shouldn't put all eggs in a single basket.

As much as possible, we shouldn't rely on new projects when it comes to long-term holding because most of them don't survive in the long run. Doing a series of research would help and not just through the coin's community, reviews, and feedback. Always pick coins with a strong foundation and trusted developers behind them. We all know how risky altcoin investing is so we must learn how to manage the risks by being observant and wise in buying potential coins.

[Silberman]

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

risk management honestly means nothing if all the coins we invested in for the sake of diversification are just bunch of shitcoins in general so yea, it's better investing in bitcoin and ethereum.
wanted to add one thing that is diversification doesn't necessarily means equal distribution among the coins we invested but instead always invest heavily in coin that's famous and have massive liquidity like btc and ethereum.

Risk management should take into account the coins in which we could be interested in investing, however for what I can see it seems many newbies think diversification is all what they need in order to control the risk they are taking and this could not be further from the truth, in fact I would venture to say that in this market diversification is a huge mistake if our aim is to hold our coins for the long term, as there are only two coins which are worth to hold that long and those are bitcoin and ethereum.