What holds you back from investing in Altcoins ?

[Rasa nanas]

The market has been volatile for some time, but now the market is back to normal. Bitcoin price has already crossed $28K last night. Other coins dependent on Bitcoin have already started to increase in market value. So for the time being, the worries about the market are gone now it is time to invest in Bitcoin and other ALT coins. I hope the market is not as volatile as before.

so why after passing 28k there is no need to worry ? after it is above 28k, will the bitcoin price not go down again?
The crypto market is unpredictable and very sensitive to negative news. maybe right now you feel safe because lately the price of bitcoin has increased dramatically, but what if after this there is negative news regarding the world economy and causes crypto prices to fall?

[FireDAOJackie_Z]

The market has been volatile for some time, but now the market is back to normal. Bitcoin price has already crossed $28K last night. Other coins dependent on Bitcoin have already started to increase in market value. So for the time being, the worries about the market are gone now it is time to invest in Bitcoin and other ALT coins. I hope the market is not as volatile as before.

so why after passing 28k there is no need to worry ? after it is above 28k, will the bitcoin price not go down again?
The crypto market is unpredictable and very sensitive to negative news. maybe right now you feel safe because lately the price of bitcoin has increased dramatically, but what if after this there is negative news regarding the world economy and causes crypto prices to fall?

Indeed. It's never too cautious to think about your investment. Speaking of negative news, the most traumatic ones might be the uncertain future about the Russia-Ukraine war. A lot of recent moves coming from the west indicate that the tension is escalating rapidly and the war is likely to expand to more countries/areas, which is terrible to all of us. In nowadays, keeping your money and investment safe is the top priority.

[S3300]

Altcoin is a higher risk investment, it's not something you can rush to do, you need to do some thoroughly research or risk getting into the hands of rugpull projects, I have invested into metaverse and A.I projects but I have handful of new projects I am waiting for, I will buy after the launch.

[inthelongrun]

Altcoins are more volatile than bitcoin which is why many people have doubts about investing. But for me, I will continue to buy my preferred altcoins that have long-term potential. I also believe that bitcoin's growth won't be that much high compared to the previous years due to its growing capitalization unless there is a worldwide adoption or most parts of the world will consider it as legal tender. Some altcoins on the other hand have the potential to pump x10 to even x100 in the next few years.

[Vickysagar]

Altcoins are more volatile than bitcoin which is why many people have doubts about investing. But for me, I will continue to buy my preferred altcoins that have long-term potential. I also believe that bitcoin's growth won't be that much high compared to the previous years due to its growing capitalization unless there is a worldwide adoption or most parts of the world will consider it as legal tender. Some altcoins on the other hand have the potential to pump x10 to even x100 in the next few years.

That's true. I was mostly investing in Bitcoin when it was around $20K, but now I think about investing in altcoins again. Their price is up too, but pump potential is higher.

[blue Snow]

Altcoins are more volatile than bitcoin which is why many people have doubts about investing. But for me, I will continue to buy my preferred altcoins that have long-term potential. I also believe that bitcoin's growth won't be that much high compared to the previous years due to its growing capitalization unless there is a worldwide adoption or most parts of the world will consider it as legal tender. Some altcoins on the other hand have the potential to pump x10 to even x100 in the next few years.

That's true. I was mostly investing in Bitcoin when it was around $20K, but now I think about investing in altcoins again. Their price is up too, but pump potential is higher.

You must have a strategy and plan on what altcoin you want to buy, for me if the altcoin price is the same % as the bitcoin price there is no point to invest in altcoin, better to invest in bitcoin only. You must have searching and research what altcoins have a deviation increase from bitcoin, for example, if bitcoin price increases 10% then you must search for altcoins with have more potential increase than 10% i.e. 15%, 20%, or more. that's where the main point of profit is from altcoins.

[Questat]

Altcoins are more volatile than bitcoin which is why many people have doubts about investing. But for me, I will continue to buy my preferred altcoins that have long-term potential. I also believe that bitcoin's growth won't be that much high compared to the previous years due to its growing capitalization unless there is a worldwide adoption or most parts of the world will consider it as legal tender. Some altcoins on the other hand have the potential to pump x10 to even x100 in the next few years.

But with the volatility of these coins makes us investors the chance to profit more than Bitcoin. That is why despite the risk we see, many people still have the guts to buy altcoins and hype projects as they think that it was their advantage. In fact, earning x1000 is not impossible in altcoins during Bullrun but if we talk about long-term investment, that seems not really a good idea as these coins will likely dump and be hard to recover.
As for me, altcoins give more attraction in the crypto market.

[FireDAOJackie_Z]

Altcoins are more volatile than bitcoin which is why many people have doubts about investing. But for me, I will continue to buy my preferred altcoins that have long-term potential. I also believe that bitcoin's growth won't be that much high compared to the previous years due to its growing capitalization unless there is a worldwide adoption or most parts of the world will consider it as legal tender. Some altcoins on the other hand have the potential to pump x10 to even x100 in the next few years.

But with the volatility of these coins makes us investors the chance to profit more than Bitcoin. That is why despite the risk we see, many people still have the guts to buy altcoins and hype projects as they think that it was their advantage. In fact, earning x1000 is not impossible in altcoins during Bullrun but if we talk about long-term investment, that seems not really a good idea as these coins will likely dump and be hard to recover.
As for me, altcoins give more attraction in the crypto market.

"Earning x1000 is not impossible in altcoins during Bullrun" is exactly why so many people are still keen to altcoins despite the high risks. I see that humans are half rational and half irrational. Everyone knows Bitcoin is the most reliable and less volatile cryptocurrency but how come many altcoins survived and still exist today ? Sometimes we all have this "all-in" gamble guts and believe we are the lucky ones, apparently which is not true. Maybe the only chance to win big in altcoins is to find one reliable project, study it, invest in it and grow with it.

[Kelvinid]

You must have a strategy and plan on what altcoin you want to buy, for me if the altcoin price is the same % as the bitcoin price there is no point to invest in altcoin, better to invest in bitcoin only. You must have searching and research what altcoins have a deviation increase from bitcoin, for example, if bitcoin price increases 10% then you must search for altcoins with have more potential increase than 10% i.e. 15%, 20%, or more. that's where the main point of profit is from altcoins.

It was not necessary to study and make research in all altcoins, you're just wasting your time instead, make prior to altcoins that already have a good market performance during the last bear season as it is likely they are having the same scenario. Smart investors don't just invest in Bitcoin alone but make their journey to altcoins as well and with their volatility, somehow give them the chance to possibly earn more than just Bitcoin. In fact, we have noticed that altcoins are growing, meaning many people have an interest in them and are willing to invest despite the risk.

[swogerino]

You must have a strategy and plan on what altcoin you want to buy, for me if the altcoin price is the same % as the bitcoin price there is no point to invest in altcoin, better to invest in bitcoin only. You must have searching and research what altcoins have a deviation increase from bitcoin, for example, if bitcoin price increases 10% then you must search for altcoins with have more potential increase than 10% i.e. 15%, 20%, or more. that's where the main point of profit is from altcoins.

It was not necessary to study and make research in all altcoins, you're just wasting your time instead, make prior to altcoins that already have a good market performance during the last bear season as it is likely they are having the same scenario. Smart investors don't just invest in Bitcoin alone but make their journey to altcoins as well and with their volatility, somehow give them the chance to possibly earn more than just Bitcoin. In fact, we have noticed that altcoins are growing, meaning many people have an interest in them and are willing to invest despite the risk.

I doubt altcoins are growing at least in price,I don't know about people buying/mining/getting them but the marketcap of such coins does not increase in the same way the leader does which is Bitcoin.Normally Bitcoin has increased in price well over 8000 dollars but I am not seeing such increase in the same percentage from popular altcoins like Doge,SHIBA,Ethereum,Ethereum Classic,Litecoin and many others,for me this is a clear sign that altcoins are not the people favorite's anymore like they were in the first bull run of 2017.

[blue Snow]

You must have a strategy and plan on what altcoin you want to buy, for me if the altcoin price is the same % as the bitcoin price there is no point to invest in altcoin, better to invest in bitcoin only. You must have searching and research what altcoins have a deviation increase from bitcoin, for example, if bitcoin price increases 10% then you must search for altcoins with have more potential increase than 10% i.e. 15%, 20%, or more. that's where the main point of profit is from altcoins.

It was not necessary to study and make research in all altcoins, you're just wasting your time instead, make prior to altcoins that already have a good market performance during the last bear season as it is likely they are having the same scenario. Smart investors don't just invest in Bitcoin alone but make their journey to altcoins as well and with their volatility, somehow give them the chance to possibly earn more than just Bitcoin. In fact, we have noticed that altcoins are growing, meaning many people have an interest in them and are willing to invest despite the risk.

Yes, it's not necessary but important if you are on there. Like XRP, many ppl not prioritize that coin because never got ATH at the moment, but today the price is the opposite of bitcoins, so if someone buys XRP a few days back, the profit is much bigger than bitcoin.

for me this is a clear sign that altcoins are not the people favorite's anymore like they were in the first bull run of 2017.

because a lot of people are tired and got trapped in 2017 and 2021 when investing on altcoin and never get ATH again, except ETH where ever and even exceeded a new ETH, a coin like BNB not yet tested (create new ATH like ETH)

[FanEagle]

I doubt altcoins are growing at least in price,I don't know about people buying/mining/getting them but the marketcap of such coins does not increase in the same way the leader does which is Bitcoin.Normally Bitcoin has increased in price well over 8000 dollars but I am not seeing such increase in the same percentage from popular altcoins like Doge,SHIBA,Ethereum,Ethereum Classic,Litecoin and many others,for me this is a clear sign that altcoins are not the people favorite's anymore like they were in the first bull run of 2017.

I think the change is that, if something costs the same bitcoin price, but the bitcoin price goes up, the altcoin goes up as well. So, let's assume there is a coin that worths 0.01 bitcoin, and that means it was 160 dollars when bitcoin price was 16k, but when bitcoin became 28k, the price of that coin became 280 dollars.

As you can see the price of the coin versus bitcoin didn't change, but because bitcoin price changed the price of that coin looked like that changed as well. You wouldn't be able to trade and make profit with that against bitcoin, but if you were doing it against the dollar then you would have made some profit instead. That's how the current market is working.

[ichsan ardi]

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 personally still hold eth in my portfolio I hope ETH can hit the all time high I'm sure it's easy for ETH to do that because ETH is the top 2 coin in market cap what else is eth can't be mined anymore eth is bitcoin killer this is just my personal opinion.

[MIner1448]

There are several factors that can deter investors from investing in altcoins. Some of them include a high level of risk associated with price volatility, the possibility of losing investments, lack of knowledge about and experience in investing in cryptocurrencies, and low liquidity. And also basically repels the belief in a product that is quite new on the market and without any support, apart from the community.

[ElmedoRator]

There are several factors that can deter investors from investing in altcoins. Some of them include a high level of risk associated with price volatility, the possibility of losing investments, lack of knowledge about and experience in investing in cryptocurrencies, and low liquidity. And also basically repels the belief in a product that is quite new on the market and without any support, apart from the community.

The altcoin environment is too many things and not all coins fully meet the criteria of a crypto project. Many things appear to be based on the hype trend, making long-time investors feel like it would be a waste of money to risk such a product.
I also see many bad cases from altcoins, but as an investor I don't think there's anything perfect, it's just how do we accept those opportunities and risks when investing.

[Tony116]

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.

Honestly, I just see people on this forum don't like to invest in altcoins, they focus mainly on bitcoin because it's much safer. But in my locality, people do the opposite, they prefer to invest in altcoins over bitcoin because they think altcoins offer better returns even though it's riskier. Many of my friends are investing in altcoins and don't have bitcoins in their pockets. Many people change their lives to wealth by investing in altcoins, and the losers mostly invest in altcoins. I still like to invest in altcoins, but I can't risk my entire portfolio, bitcoin still accounts for 50% of my investment, I prefer slow but sure over risky.

[TravelMug]

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.

Honestly, I just see people on this forum don't like to invest in altcoins, they focus mainly on bitcoin because it's much safer. But in my locality, people do the opposite, they prefer to invest in altcoins over bitcoin because they think altcoins offer better returns even though it's riskier. Many of my friends are investing in altcoins and don't have bitcoins in their pockets. Many people change their lives to wealth by investing in altcoins, and the losers mostly invest in altcoins. I still like to invest in altcoins, but I can't risk my entire portfolio, bitcoin still accounts for 50% of my investment, I prefer slow but sure over risky.

Yeah, but I think there are also altcoin investors in this market, because they love the risk. However, for some conservative investors, there's no doubt that bitcoin is the go to crypto for them.

But you can't blame those altcoin investors, I mean the returns though, specially during the height of altcoin in 2017, there are projects that return 1000x or even higher. Not sure about the coming bull run though, maybe there will be that can repeat that performance but it's going to be very difficult.

[Yamifoud]

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.

Honestly, I just see people on this forum don't like to invest in altcoins, they focus mainly on bitcoin because it's much safer. But in my locality, people do the opposite, they prefer to invest in altcoins over bitcoin because they think altcoins offer better returns even though it's riskier. Many of my friends are investing in altcoins and don't have bitcoins in their pockets. Many people change their lives to wealth by investing in altcoins, and the losers mostly invest in altcoins. I still like to invest in altcoins, but I can't risk my entire portfolio, bitcoin still accounts for 50% of my investment, I prefer slow but sure over risky.

Because they know that when it comes to profit earnings, altcoins give more compared to Bitcoin. And these kinds of investors are not for the long-term, they will go for the hype and then sell. They don't care about the risk, not they want to fund security because they want to make easy money. In fact, we can't deny that altcoins would sometimes give us x1000, a thing that really gives courage to investors despite the risk. But I'd never find it wrong and I called them smart investors.

[mbakruroh]

Apart from the macro environment factor, what truly holds you back from investing in Altcoins ? Please let me know your thoughts.

If we choose the right altcoin to invest in, I don't think we should hesitate to hold it even though Bitcoin's condition has decreased in price. If Bitcoin increases again, the altcoin price will follow the Bitcoin chart.

[DOH!]

Apart from the macro environment factor, what truly holds you back from investing in Altcoins ? Please let me know your thoughts.

There are too many altcoins that can compete with each other in a range. This makes it difficult for me to capture and unlock the potential of those altcoins and pick them up. The best way I do it is to create a multi-altcoin allocation portfolio. Also, the biggest problem we face is fake altcoins and scams. For altcoins, choosing the top altcoin is always encouraged and chosen more by those reasons. with those difficulties, Bitcoin has always been my primary choice.