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Author Topic: Existing/established altcoins or new ones?  (Read 337 times)
adaseb
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April 15, 2024, 03:53:05 PM
 #41

Normally new altcoins give more profits because the old altcoins have tons and tons of bag holders. These bag holders are usually going to sell at break even or near break even so there is more sell pressure. Sometimes if there is much much more demand than supply, like with Solana for example, then the altcoin can still reach new highs but that is not common.

A new altcoin generally has everyone in profit and they are less likely to sell when there is a small move, hence its why they usually go 10x and more people end up making money. Go look at the CMC of 2017 and see how many of those mid type alts are dead right now and bag holders is the real reason.
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April 15, 2024, 04:32:55 PM
 #42

Will it be the existing altcoins or the new ones which will give more profits? I mean would you go with coins like SOL, INJ, ETH and BNB or some recent projects like JUP, BONK for upcoming bull run?

People usually prefer established coins due to stability and it's reputation, but ther are some of people who rather prefer new coins because the profit margins in new coins are higher than the established ones.

Which one would you prefer and please name the coins as well.
Before diving in an investment you need to always ask yourself why?

Why am I investing in this? If you have a reason in investing to a particular coin then you have answered 90% of your question. Established coins like the ones you mentioned and a few others, if you ask me I'd say if you're going in for a long-term investment then you have them on your radar. It's also good to have exchange tokens BNB, BGB, Okx etc because of the benefit that comes from the token in their various exchanges and the possibility of rising just like BGB has this past few months..

Then if you're going for short-term investment you have to have this in mind. These coins are the ones you will be haunting this bull market to give you quick profit. On no account should you hold longer than expected.

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JeffBrad12
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April 16, 2024, 01:56:13 PM
 #43

Normally new altcoins give more profits because the old altcoins have tons and tons of bag holders. These bag holders are usually going to sell at break even or near break even so there is more sell pressure. Sometimes if there is much much more demand than supply, like with Solana for example, then the altcoin can still reach new highs but that is not common.

A new altcoin generally has everyone in profit and they are less likely to sell when there is a small move, hence its why they usually go 10x and more people end up making money. Go look at the CMC of 2017 and see how many of those mid type alts are dead right now and bag holders is the real reason.
its always temporary hypes that helps these new altcoin to gain some price increase, fluctuation is also caused by the hypes too so its not something unusual to see the price going up massively, these new coins when got listed in some exchange like binance usually reaches trading volume of billions that means massive volatility right there where the price hasn't stabilized yet and haven't found any good price point for it to stay.
also i agree with your words about these mid alt usually just dead after a bullrun cycle there are many prime example of that the previous bullrun coin like EOS and so on are thriving right now they are overshadowed by newer coin, personally I would never invest in these alts for more than few months, at best i just cash out after few weeks in if the market is showing good signs just for the sake of not getting trapped in investing in these altcoin for too long, the risk is too much for long term holding with these altcoins, if its for long term definitely prefer the existing established coin that are not losing its trading volume compared to previous bullrun.

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April 16, 2024, 09:43:03 PM
 #44

Normally new altcoins give more profits because the old altcoins have tons and tons of bag holders. These bag holders are usually going to sell at break even or near break even so there is more sell pressure.
It is only in theory. Nowadays, new altcoins only give more losses because most of them are easily dumped after they are listed in the first exchange. Meanwhile old coins may give good profits because we can buy them with cheap prices during the dump in the market recently. Then, we can sell them in the next altcoins season.

A new altcoin generally has everyone in profit and they are less likely to sell when there is a small move, hence its why they usually go 10x and more people end up making money. Go look at the CMC of 2017 and see how many of those mid type alts are dead right now and bag holders is the real reason.
Unfortunately, it is no longer the new altcoins in 2016, 2017, or 2018. In these years, I know that ICO was very popular and people can easily get enough profits from the new altcoins getting from ICOs. Nowadays, it is very difficult to get profits from new altcoins, moreover if the new altcoins have very low day volumes in the market. They probably will end up to be dead altcoins.


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April 16, 2024, 11:32:51 PM
 #45

Before diving in an investment you need to always ask yourself why?

Why am I investing in this? If you have a reason in investing to a particular coin then you have answered 90% of your question...

The main reason for investing in any project is to make a profit. And the higher the risks that involve investing in new altcoins, the more profit you can theoretically get. But most people forget that high risks usually lead to the loss of the deposit.

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