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Author Topic: Do we just invest in any altcoin?  (Read 813 times)
huu78
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June 03, 2023, 07:24:55 AM
 #41

I really wants to know from the high members those I think that knows more than me on altcoin. I have came to understand that whenever we are heading close to bull or just say nearly we always have new projects launching on a regular basis to stand a chance to enjoy the bull trend as well I often noticed cmc are being flooded with shitcoins in other for them to attract investors, who will invest in their project to enjoy the full wave of bull market  and after which there comes a delisting of many since they can't afford to meet up the exchange standard. Example of those exchange are Binance, any token or coin that got listed in their exchange without meet up to the standard they quickly gets delisted quickly.
Now my question is, do we just invest an altcoin to take advantage of the opportunity to make some x in return?
Because I know altcoin rarely survive the dip maybe after bull run.



that's your chance and you also have to know if it's like that then you immediately release it after buying then get a profit, especially projects that only appear to rely on the strength of the bull market.
different cases like ETH bnb, and altcoins that have a function.

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June 03, 2023, 10:45:45 AM
 #42

I strongly agree with all advices like "pick wisely"
There is nothing good in investing just for gains and x10
If you wanna have some profits you gotta do some job like researching for example, diving deeper into the tech part
Web3 is looking promising, so I'm looking for pioneers in that area
I'm picking projects at their early stage, Neon Link is looking good now, I'll see what happens in a year
i suggest you to pick projects wisely, take your time
Research is the most important part of investing
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June 03, 2023, 01:14:17 PM
 #43

No, pick wisely. If you invest in any random altcoins i think isn't a good idea because during a bear market like this many altcoins fall and cannot survive. My strategy on this market situation i just DCA bitcoin and ethereum.
I know the profit that I will get if bull run happen will not be as big as investing in other big altcoins, but I'm okay with that.
If we are wise investors, we know what we gonna do to avoid mistakes and losses. Most people had lost when investing altcoins because of the lack of research and market experience which can be excused. But if we are already in the market for quite a long time, we already have an idea of what coins we are about to choose.
 - but it was not just being wise when picking altcoins, it is also wise from managing our funds. I mean, we can just invest because these coins are potentially profitable, we have also considered the amount to spend.

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June 03, 2023, 03:55:16 PM
 #44

Scammers often engage in such activities because they know that during a bull run, even their low-quality coins can be easily sold or sometimes even pumped. However, these developers only care about making money and don't prioritize the actual project. We see many new projects coming and very few of them manage to survive. Therefore, I believe that it is important to focus on good projects because there is a higher chance of incurring losses when caught up in the hype. I would recommend against taking risks and instead rely solely on authentic coins, as this would be the safest option. It is unpredictable how new projects may turn out, and some projects have a tendency to quickly deceive investors.
Even if a project isn't a scam, most of them simply can't get back up once the bull market is over and the bear cycle starts rolling up again, they lose value significantly and then stay down forever. That is the reason why it is better to simply stick with already famous projects and tokens to avoid investing in coins or tokens that might not be able to regain value later in the future once they drop.

It doesn't make you a different person for investing in newly launched projects and tokens, so it is better for you to invest only in trusted and old cryptocurrencies including Bitcoin, ETH, BNB, and many others that are available out there.

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June 03, 2023, 05:41:28 PM
 #45

I think investing in some of the top altcoins is great for making big profits. Especially in a bull run situation investing in more than one altcoin will be very good at getting profits. You have to be wise in choosing potential altcoins to invest in so you don't experience big losses.

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June 03, 2023, 05:51:58 PM
 #46

I really wants to know from the high members those I think that knows more than me on altcoin. I have came to understand that whenever we are heading close to bull or just say nearly we always have new projects launching on a regular basis to stand a chance to enjoy the bull trend as well I often noticed cmc are being flooded with shitcoins in other for them to attract investors, who will invest in their project to enjoy the full wave of bull market  and after which there comes a delisting of many since they can't afford to meet up the exchange standard. Example of those exchange are Binance, any token or coin that got listed in their exchange without meet up to the standard they quickly gets delisted quickly.
Now my question is, do we just invest an altcoin to take advantage of the opportunity to make some x in return?
Because I know altcoin rarely survive the dip maybe after bull run.

This of course always happens when something similar to the rise of the market begins. And at this time, there are a lot of projects that, as you said, do not meet the standards and, moreover, are not suitable for listing on well-known exchanges. Especially on Binance. The answer to your question about investing. The point of investment is to make money. But before investing your assets in the project, you need to understand the importance and usefulness for the industry as a whole and the prospects for the future.

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June 03, 2023, 05:55:30 PM
 #47

I really wants to know from the high members those I think that knows more than me on altcoin. I have came to understand that whenever we are heading close to bull or just say nearly we always have new projects launching on a regular basis to stand a chance to enjoy the bull trend as well I often noticed cmc are being flooded with shitcoins in other for them to attract investors, who will invest in their project to enjoy the full wave of bull market  and after which there comes a delisting of many since they can't afford to meet up the exchange standard. Example of those exchange are Binance, any token or coin that got listed in their exchange without meet up to the standard they quickly gets delisted quickly.
Now my question is, do we just invest an altcoin to take advantage of the opportunity to make some x in return?
Because I know altcoin rarely survive the dip maybe after bull run.

The majority of new projects that enter the market during a bull run are only there to make quick profits and leave the market as soon as they do. The real altcoins you should take into account are the ones that enter the market during a bear market, are willing to deal with criticism of all kinds and overcome numerous obstacles, and yet are the ones that build the most during this time.

It is not like we don't have new good altcoins in the bull run, but if you are not a seed investor, private sale investor, or public sale investor, you will likely never earn something good in those altcoins. You will either buy at the top and get dumped upon, or you may buy and get rugged at the end; you may also be lucky to buy and gain something. Just know that altcoins are full of risk, and you should exercise management risk.

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June 03, 2023, 06:16:50 PM
 #48

We invest in altcoins to get profits but to get the right altcoins, we have to really be able to choose them because not all altcoins can increase and if we buy the wrong ones, we can experience losses. Only with research can you find the altcoin; it will take time before you can find hidden gems. That's why we have to be able to analyze and find a lot of information to find the altcoins.

But if you feel it's too hard for you, you can invest in bitcoin and forget about altcoins because you can't find them. Or you can invest in the top list of altcoins that you can choose as your investment. But you should know that you only use the money you can afford to invest in altcoins because altcoin movements follow bitcoin movements.

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June 03, 2023, 07:23:06 PM
 #49

I think investing in some of the top altcoins is great for making big profits. Especially in a bull run situation investing in more than one altcoin will be very good at getting profits. You have to be wise in choosing potential altcoins to invest in so you don't experience big losses.
I think that it’s not worth investing in one altcoin, but it’s worth weighing and deciding on possible investments in several altcoins, since it’s not worth investing in one altcoin, because how can you lose in price, but there is already an opportunity to earn some of them , so as for me it is better to invest in several altcoins to earn some money

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June 03, 2023, 07:29:57 PM
 #50

It's crucial to exercise caution when dealing with alternative cryptocurrencies (alts). While some alts have the potential to generate significant returns, they also carry a substantial risk of wiping out your portfolio. I have personally learned from past mistakes and experienced substantial losses. To mitigate these risks, it is advisable to conduct thorough research on the top altcoins in the market and analyze their charts. From there, make careful and informed selections. I refrain from providing specific financial advice or suggesting particular altcoin names. However, it is essential to stay away from "shitcoins" and avoid succumbing to greed. It's better to earn less with lower risk rather than having high expectations that could lead to losing everything.

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June 03, 2023, 07:33:20 PM
 #51

I think that it’s not worth investing in one altcoin, but it’s worth weighing and deciding on possible investments in several altcoins, since it’s not worth investing in one altcoin, because how can you lose in price, but there is already an opportunity to earn some of them , so as for me it is better to invest in several altcoins to earn some money
It is true that spreading investment in several places is good for gaining some profit. But in my opinion I think it can be also possible to gain good profit to investing in one coin if you know analysis well. If you don't have any idea about analysis then it can be also possible that choosing wrong coins , and also losses from all. In the current market situation, I think it is better not to go for investment in altcoins, but if you want to invest, it will be wise to choose from among the top pairs of altcoins.

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June 03, 2023, 09:39:06 PM
 #52

Investment in altscoins is very good choice but don,t invest your all money with one coins you can buy little little amounts so many alts coins is really good idea.
Diversification is a must, this is the basic rule of investment that you should never go all in.
The market is down right now, take this opportunity to look for the good coins and buy more, don't waste this opportunity because when the market started to pump again, we might not see this price level anymore as we are now aiming for a more expensive prices. Altcoins are ok, just look for the coins that are more advanced compare to the others, don't just buy blindly and do your own research.

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June 04, 2023, 07:06:06 AM
 #53

for new altcoins I think using it to make a profit and after leaving the market will be better. but it's different with major altcoins like eth and bnb, I think making it a long term investment is also very attractive. although some new projects have a bright future, but we are hard to predict them correctly. therefore personal analysis must be prioritized, if we are wrong in the analysis, it will not result in excessive disappointment, because we are waiting for a time limit that is not known by everyone, and everyone has their own views

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June 04, 2023, 07:29:57 AM
 #54

Don't think so. We should not invest in any Altcoin. Investing must be done wisely. We must choose a trusted Altcoin. So that the money we invest does not disappear into dust.

I totally agree, before investing in altcoin, the most important thing is DYOR and never trust other people's recommendations right away, besides that it's also better if we invest in altcoin whose projects are already running and have products, so they have a small risk and have a great opportunity for us to get profit.
Even owning a product cannot guarantee that you will be safe in investing in altcoins, have you seen how FTT rugpull looks like?
yes, because their product FTX exchange went bankrupt, this is why we also have to learn from that case that even having a product can still experience a rug pull,
what we have to do is invest with a strategy, you can learn anywhere for the strategy you choose.

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June 04, 2023, 08:20:25 AM
 #55

What you said is quite right, in bull market, everything pumps and can be said whatever one may invest in will yield profit however in bull market scams also tend to run high, that can cause you loss if too much heedless, just do necessary due diligence.

Remember to take profits, paper profits are not real profits. Good luck!

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June 04, 2023, 10:44:04 AM
 #56

What you said is quite right, in bull market, everything pumps and can be said whatever one may invest in will yield profit however in bull market scams also tend to run high, that can cause you loss if too much heedless, just do necessary due diligence.

Remember to take profits, paper profits are not real profits. Good luck!
Invest with caution, that is what we are supposed to do, especially when the bull season is near as we can really expect a huge volume of new (scam) projects that tend to trick people but have promising words, yet to fail after.

We don't need to be afraid of risking in investing altcoins because they are profitable, in fact, sometimes it was more profitable compared to Bitcoin but it should be spent on projects that have use-case. Well, yeah, good luck on finding the gems, there's a lot of them around.



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June 04, 2023, 10:51:17 AM
 #57

for new altcoins I think using it to make a profit and after leaving the market will be better. but it's different with major altcoins like eth and bnb, I think making it a long term investment is also very attractive. ..

It should be remembered that BNB is centralized and its success depends on the well-being of the Binance exchange. Accordingly, if something negative happens to the exchange, then the price of BNB may decrease, as it was with the FTT exchange coin, after the collapse of FTX.

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June 04, 2023, 10:59:05 AM
 #58

Apart from Bitcoin, there are some ALT coins that are promising to invest in. BNB Ethereum, MATIC these coins are very dependable coins among ALT coins. And if these coins can be invested in then the risk will be very less. I think besides investing in bitcoins we should invest in some good ALT coins because some ALT coins can change very big at any time. BNB Ethereum, MATIC are the three coins I have a lot of trust in. If you are also trusting this coin then I think you will not be cheated.
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June 04, 2023, 02:11:54 PM
 #59

During you can earn profit if not allowed for investing in any altcoin, but I have specific altcoin for investing and looking with current market standing position in 10th placed or not. No recommended invest in shit coins and coin under 100th position standing on coin market cap, usually ETH is my favorite altcoin for investing and consistent earn 3% until 5% in daily day depend when investing and time for selling. Not worth invest in any altcoin without research about their fundamental is potential coins or not.
Investing in altcoin requires some risk. Because there are some coins in altcoin which you can get more profit if you invest in them. But if you invest in wrong coin you can lose your money. So think before investing in altcoin.  Invest. I think ETH and BNB are very popular coins and if you invest in them you will never lose money. So I thought to invest some money in them.

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June 04, 2023, 03:54:32 PM
 #60

Altcoin investing is a risky but rewarding venture. There are many factors to consider before putting your money into any project, such as the team, the technology, the market demand, the competition, and the regulation. Some altcoins may offer huge returns in a bull market, but they may also lose most of their value in a bear market. Therefore, it is important to have a clear strategy and do your own research before investing.


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