What holds you back from investing in Altcoins ?

[abel1337]

The recent price drop of Bitcoin and some bad news on the market may cause a new round of FUD for investors. With the price going down, Bitcoin will be more volatile in the short term and the Altcoins that depend on Bitcoin will go through more ups and downs. In this bear market, more investors are hesitant to any Altcoin investment. Apart from the macro environment factor, what truly holds you back from investing in Altcoins ? Please let me know your thoughts.

What holds me back from investing in altcoins? Simple, It's bitcoin! Majority of my portfolio consist of bitcoin and that is how much I believe on bitcoin no matter that kind of bad new on the market it has. All of crypto has been attacked for many years now with FUDS, Bans, and everything to make it fall but I always believe that bitcoin is the one which will always recover. There are good altcoins that really don't recover after a very big dump happen and this is normal for those who lose their community support. There are good things about altcoin investment such as the higher profit margin that you can get and the faster price movement of it but also there are some risks along with it. It will just depends on you on why you will invest in altcoins and what altcoin are you investing.

[Sebas.tian]

altcoins take a long time before the price will increase higher which is part of the reason I always like to invest my money on Bitcoin, because whenever Bitcoin is pumping in the market other cryptocurrencies price will be struggling to pump. Now that the price of altcoins are preparing to remain stable like Bitcoin, I think many traders will invest in altcoins and Bitcoin to have hope of achieving something special from their investment when the price change positively in the future. Now that I have enough money in this season, I will try to invest in altcoin in this period so that I will have something profitable to achieve from my altcoins investment before the end of December.

[rahulzx]

Those who survived in this bear market, can be hit their ATH o first bull trend that they face as market is evaluating all their specifications & capabilities at this time, as the users of this ALTs
we should be care about developers and investors who behind those projects and their aims & objectives.

[Dr.Osh]

If there's anything holding me back from investing in altcoins, it's when I have doubts about them. however, the poor market conditions made altcoin prices fall especially popular altcoins. it is the best condition to invest as many popular altcoin prices are on discount. However, that does not apply to altcoins that are not well known. if I am interested in an altcoin, and the market movement is bad, then I will refrain from investing in that altcoin, and see how the altcoin survives in bad market conditions.

[slashz9]

if the market is still bearish and lots of fud news, then bitcoin is unstable and altcoins will follow the movement of bitcoin, basically altcoins will always follow bitcoin,
that my thoughts.

[Rasa nanas]

if the market is still bearish and lots of fud news, then bitcoin is unstable and altcoins will follow the movement of bitcoin, basically altcoins will always follow bitcoin,
that my thoughts.

disagree, even if under normal circumstances (no FUD) the price of bitcoin would still be unstable. and unfortunately not all altcoin prices always follow bitcoin price movements because I often find altcoin prices moving opposite to bitcoin prices. after all the percentage increase or decrease in the price of bitcoin and altcoins is often different.

[FireDAOJackie_Z]

if the market is still bearish and lots of fud news, then bitcoin is unstable and altcoins will follow the movement of bitcoin, basically altcoins will always follow bitcoin,
that my thoughts.

disagree, even if under normal circumstances (no FUD) the price of bitcoin would still be unstable. and unfortunately not all altcoin prices always follow bitcoin price movements because I often find altcoin prices moving opposite to bitcoin prices. after all the percentage increase or decrease in the price of bitcoin and altcoins is often different.

Altcoins prices don't have to follow Bitcoin price. Those who follow Bicoin price closely tend to be more volatile and can boost confidence when bull market comes. The altcoins whose prices are usually opposite Bitcoin price are hard to predict and involve more risks. Anyone who can gain profit from the highly risky altcoins is smart and worth the investment returns. I hope to be one of them one day.

[rhodelmabanal]

The recent price drop of Bitcoin and some bad news on the market may cause a new round of FUD for investors. With the price going down, Bitcoin will be more volatile in the short term and the Altcoins that depend on Bitcoin will go through more ups and downs. In this bear market, more investors are hesitant to any Altcoin investment. Apart from the macro environment factor, what truly holds you back from investing in Altcoins ? Please let me know your thoughts.

I think investing in altcoins is good for short term and the ups and down of btc has a huge effect of the altcoin price and it will cause a big advantage if we will invest in altcoin and hold till we will have an opportunity to sell at our limit price to earn a huge amount of profit, because if we invest in btc we need to wait a very long term before we can earn.

[daenarys_stormborn]

high risk high return, that word is always there when everyone hears the word of altcoins, altcoins are indeed more volatile than bitcoin, but that is also what attracts people, as well as makes people afraid to invest in altcoins and prefer bitcoin

[cryptoknightt]

I think you misjudged altcoins. In the basic context, maybe in the past altcoins mostly depended on bitcoin but in fact now they don't. so maybe some of my friends also agree that holding altcoins is safer than bitcoin because bitcoin currently has a lot of influence from various kinds of alliances

[Lantind]

Today, investing in altcoins is not very promising, since the market is not stable and investing money until the market is stable is not very desirable and you can lose your savings. I think that it is worth waiting until the market stabilizes.it was possible to invest in 2017 and get a good profit from altcoins

All of the Altcoins cannot be equated, because there are some Altcoins whose values are very good and decent, maybe the Altcoins that you say are not promising are not very good Atlcoins like Meme and Shitcoin. now there is nothing wrong with investing in Altcoins and the choice is Ethereum or not Bnb. besides predicting this stable price no one can provide accurate information, and basically no one can predict it.

[jrrsparkles]

Their existence itself is not known for long term so anyone to invest on an altcoin for long term should take that leap of faith by ready to lose their money but that's not the case with bitcoin since its existence it is performing well so it reached the state that it won't go down anymore unless there is no potential for cryptocurrency anymore.

[Japinat]

Today, investing in altcoins is not very promising, since the market is not stable and investing money until the market is stable is not very desirable and you can lose your savings. I think that it is worth waiting until the market stabilizes.it was possible to invest in 2017 and get a good profit from altcoins

actually there are many promising altcoins out there it just finding one can be quite difficult in general but just see optimism, arbitrum,and many more they are quite good for long term holding, moreover we haven't hit the altcoin season yet i'd say once altcoin season is here, many will increase significantly.

Yup, exactly! Those words that have said above are just example of a person who doesn't really know what to do in this types of situation where the market is being challenged heavily and FUD's are pouncing almost every week. But we must not forget that the market may not be stable as of now but sooner or later, as always, the storm will pass and it will again shed light to all of us who worked hard during the bear season and had the patience to hold and trust their chosen coins. What we have to do now is to choose carefully which coin will give us profits in the future and we should take advantage of the price because when the bull comes, these prices will not come cheap anymore.

[BaeSuzy]

Some alts have good fundamentals that are always good to bet on and of course the potential return on investment there's also the utility angle. I consider utility more important in altcoins and it's the reason I'm keeping up with Weaver Labs' ADE token which will released this Q2. It will power the an ecosystem of open and shared telecom assets.

[blockman]

Some alts have good fundamentals that are always good to bet on and of course the potential return on investment there's also the utility angle. I consider utility more important in altcoins

There are good alts but most of them aren't really good. You can see those actually good ones and have real use cases. While many of them don't have that type of feature because they're just there to make money and that's through their investors.

and it's the reason I'm keeping up with Weaver Labs' ADE token which will released this Q2. It will power the an ecosystem of open and shared telecom assets.

Hmmm, I'm not sure with that and it's just the first time to hear that token. But if you think that you're good with it then invest however, the obvious here is that you really are supporting and shilling it.

[Games.Bitcoin]

I can provide you with some general factors that individuals might consider when deciding whether to invest in altcoins or not. Here are a few considerations that might hold someone back from investing in altcoins:

Volatility and Risk: Altcoins can be highly volatile and unpredictable, with their prices subject to large fluctuations. Investing in altcoins carries a higher risk compared to more established cryptocurrencies like Bitcoin or Ethereum.

Lack of Regulation: Altcoins are often not as regulated as traditional financial assets, which can expose investors to potential scams, fraud, or market manipulation. The lack of regulatory oversight can make it difficult to assess the credibility and security of altcoin projects.

Liquidity and Marketability: Smaller altcoins may have lower trading volumes and liquidity compared to larger cryptocurrencies. This can make it more difficult to buy or sell altcoins at desired prices, and it may result in higher transaction costs.

Lack of Information and Research: Altcoins often have less available information and research compared to more established cryptocurrencies. Due diligence becomes crucial when evaluating altcoin projects, as it can be challenging to find reliable sources of information and assess their fundamental value.

These factors highlight some of the considerations that investors may take into account when deciding whether or not to invest in altcoins. It's essential to conduct thorough research, understand the risks involved, and consider your own financial goals and risk tolerance before making any investment decisions.

[dlightag]

The reason why many people has not been invest, is because of the Bear market, which is really affect Bitcoin price and Bitcoin is the driving force of cryptocurrency market, which to invest in alt-coins has been a challenge for New investors to come in to cryptocurrency market investment is the challenges crypto is facing today, but sooner, cryptocurrency market we explore the world.

[abel1337]

The reason why many people has not been invest, is because of the Bear market, which is really affect Bitcoin price and Bitcoin is the driving force of cryptocurrency market, which to invest in alt-coins has been a challenge for New investors to come in to cryptocurrency market investment is the challenges crypto is facing today, but sooner, cryptocurrency market we explore the world.

Its the complete opposite. I personally believe that this is the perfect time to invest in altcoins knowing that their value are still low and there are a lot of hidden gems waiting to be plucked by investors. There are uncertainty of course but we are talking about investing, investing always has a risk. I don't want to be my old me where I'm buying and investing on tokens where it is on or near its all time high. We are in a cycle and I think that I'm doing what successful investors do before. The hard thing to do today is to find the coin we need to invest on.

[LastKiss]

The reason why many people has not been invest, is because of the Bear market, which is really affect Bitcoin price and Bitcoin is the driving force of cryptocurrency market, which to invest in alt-coins has been a challenge for New investors to come in to cryptocurrency market investment is the challenges crypto is facing today, but sooner, cryptocurrency market we explore the world.

Its the complete opposite. I personally believe that this is the perfect time to invest in altcoins knowing that their value are still low and there are a lot of hidden gems waiting to be plucked by investors. There are uncertainty of course but we are talking about investing, investing always has a risk. I don't want to be my old me where I'm buying and investing on tokens where it is on or near its all time high. We are in a cycle and I think that I'm doing what successful investors do before. The hard thing to do today is to find the coin we need to invest on.

I agree that we should accumulate more in this bear market because not a lot of people want to invest in the bear market because there is so much FUD spreading in the crypto space. If we have a hard time finding a good altcoin just go for the top altcoins in coinmarketcap it will save our time from researching a new project. But even a top coin in the marketcap is able to become a scam in the end. Don't easily get affected from other people FUD and keep our mind strong.

[Teraboy]

investing in altcoin honestly is rather hard, there are just many ways that our investment could just vanish into thin air, that's why sometimes it always make me hesitant, i think i will only invest if the project is really good.