deathcode
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Eloncoin.org - Mars, here we come!
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February 27, 2024, 05:36:03 PM |
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I know the OP is older and if the OP had bought coins at that time, he/she could now be in good profit. Yet even at today's price there's high chance that you would make a profit, crypto always has been a growing sector and if you are smart enough to keep taking profits, you won't be trapped on the next bear as after each bull comes a bear. There always are risk on investing but yesterday (OP date) was a much better time to enter the market than it is now. There are still some alts that are low priced and could be the next big thing in future.
You are right, every investment has risks. Likewise when you invest in Bitcoin or altcoins. All assets are at risk, so investors need knowledge and skills to reduce this risk. However, investing in altcoins also requires the right momentum. the right moment to enter and also the right moment to exit. Sometimes doubt makes us uncomfortable and we don't dare to make a decision.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
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EarnOnVictor
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February 27, 2024, 07:19:42 PM |
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It's always risky. For more than a year I was investing in BTC only. I wouldn't recommend it, but I can say my opinion. I think that it's a viable strategy.
its true that BTC had been stable for a while now but investing a fraction of income into a good altcoin isn't a bad idea although I still feel that when it comes to investing in altcoin you should do it in a short term bases since most of them don't last long before finally loosing Thier value. Your advice is good but you can do better. Bitcoin is indeed a very good coin when it comes to its steady bullish movements, resilience nature in this bullish season and its reliability as an asset. However, investors cannot make enough money in it compared to what the altcoins would offer due to its heavy size, which makes it wise to diversify our portfolio for better engagement in the cryptocurrency world. This is though an individual's choice, you will see some that would only invest in Bitcoin and shun altcoins, while some will do the opposite by investing entirely in altcoins and shun Bitcoin, while the last category would invest in both. In practice, I belong to the last set even as about 30% of my crypto asset is in Bitcoin and 70% is in altcoins. By this, I can't miss out on any of the benefits they have to offer investors, and I make sure that I buy many altcoins to avoid issues. I plan it that way so that if one altcoin fails to deliver as expected, others will, and overall with the plan, it is sure that I will smile to my wallet accounts. This sounds like a good plan, and thus far, it has been indeed when it comes to the income generated. However, I can't entirely agree with the remark that altcoins can pump and dump pretty fast, that is not particularly true during its season. There are many of them that I purchased for more than a year and they've not disappointed me. What I realised here is that it depends on the coin/token we are talking about and your expertise in handling them. I started buying when they were low and somewhat worthless, which is best for investments. Even those I bought at relatively higher levels are performing well since this is a generally bullish season for cryptocurrency, both Bitcoin and altcoins would enjoy the benefits until the bearish season resurfaces which I believe should start in the second half of 2025. Needless to say, the altcoins season is still coming, everyone can still comfortably buy and hold their altcoins till after then without issues.
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bitzizzix
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February 27, 2024, 08:44:48 PM |
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I know the OP is older and if the OP had bought coins at that time, he/she could now be in good profit. Yet even at today's price there's high chance that you would make a profit, crypto always has been a growing sector and if you are smart enough to keep taking profits, you won't be trapped on the next bear as after each bull comes a bear. There always are risk on investing but yesterday (OP date) was a much better time to enter the market than it is now. There are still some alts that are low priced and could be the next big thing in future.
You are right, every investment has risks. Likewise when you invest in Bitcoin or altcoins. All assets are at risk, so investors need knowledge and skills to reduce this risk. However, investing in altcoins also requires the right momentum. the right moment to enter and also the right moment to exit. Sometimes doubt makes us uncomfortable and we don't dare to make a decision. Risk cannot be separated from any investment because that is the risk we face, but this risk can be avoided if we choose the right altcoin. And choose the most trusted and oldest altcoin, because in my opinion altcoins survive in the crypto market and will also provide good profits in the long term even though they are not significant. And if you don't want to choose the top and oldest altcoins, your job is to do thorough analysis and research to determine whether they can bring you profits. Because I don't think anything is better than Bitcoin and Ethereum and some of the other top altcoins when it comes to returns, especially in the long term. And for others, it depends on your effort and hard work in conducting research and analysis to be able to convince you before buying it.
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GeorgeJohn
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February 27, 2024, 10:13:40 PM |
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There is no time you invest in altcoin that is west of time the only thing that we have to be curious of during investment of altcoin when you have already know the project that you want to invest on, so investing in altcoin you are at advantages at any point in time so I believe that that is why many people do not hesitate to invest in any new project of altcoin investing in altcoin doesn't have any period or any possible time that is best, the only thing you have to consider is to figure out a project in altcoin that will survive a bearish season or that will make you make a profit.
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batang_bitcoin
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February 27, 2024, 10:23:51 PM |
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its true that BTC had been stable for a while now but investing a fraction of income into a good altcoin isn't a bad idea although I still feel that when it comes to investing in altcoin you should do it in a short term bases since most of them don't last long before finally loosing Thier value.
It is not a bad idea if you want to invest into altcoins. But investing into BTC is the greatest choice and if you have money to invest, it should be your first choice before anything else. When you are done with investing on it, you have to choose to those altcoins that you have researched so keep in mind the tip we always say about DYOR. As you are the only one that is going to decide on which direction you should go.
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Rent this sig space so that BTC goes to $100k.
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bSpend
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February 27, 2024, 11:07:28 PM |
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With a bull run coming in just few months from now, I personally think now is the best time to find some really strong altcoin with strong fundamentals and invest in them, investing in some altcoins in the bear season are highly risky, but it's not so, or exactly so when a bull season is ahead and only few months left to enter it.
Personally, I myself have been investing in some really good altcoins I find worthy of being invested in, it's a risk quite alright, but like I said before, with a bull run ahead, the risk of investing in altcoins now is almost minus 50 percent, though this highly depends on once choice of altcoin they are investing in.
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Obim34
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February 28, 2024, 12:01:37 AM |
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There is no time you invest in altcoin that is west of time the only thing that we have to be curious of during investment of altcoin when you have already know the project that you want to invest on, so investing in altcoin you are at advantages at any point in time so I believe that that is why many people do not hesitate to invest in any new project of altcoin investing in altcoin doesn't have any period or any possible time that is best, the only thing you have to consider is to figure out a project in altcoin that will survive a bearish season or that will make you make a profit.
Altcoins are really unpredictable that which you feel will perform very well may end up half the process, despite analyzing the project potentials. It would depend on the Altcoin, if it's actually a top Altcoin like Ethereum then maybe finding the right time to buy is not necessary but for the new Altcoins that's very risky and may end up losing the funds invested as most of them just give a single pump and later on dump so bad to the extent of fading out from the market.
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Reatim
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February 28, 2024, 01:49:17 AM |
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Investing is always risky but that depends on how and which you are investing ,, if you are putting your money and not so popular and shill projects then indeed you are in trouble. but of not and just focus in ethereum of course bitcoin then you have no problem at all. There is no time you invest in altcoin that is west of time the only thing that we have to be curious of during investment of altcoin when you have already know the project that you want to invest on, so investing in altcoin you are at advantages at any point in time so I believe that that is why many people do not hesitate to invest in any new project of altcoin investing in altcoin doesn't have any period or any possible time that is best, the only thing you have to consider is to figure out a project in altcoin that will survive a bearish season or that will make you make a profit.
Altcoins are really unpredictable that which you feel will perform very well may end up half the process, despite analyzing the project potentials. It would depend on the Altcoin, if it's actually a top Altcoin like Ethereum then maybe finding the right time to buy is not necessary but for the new Altcoins that's very risky and may end up losing the funds invested as most of them just give a single pump and later on dump so bad to the extent of fading out from the market. well Layer 2 projects are there and yes Meme coins and the most famous now is the AI projects that hi can choose investing.
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niall51
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February 29, 2024, 03:25:17 PM |
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I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?
If not now, when else, don't ever time the market to split altcoins when you are ready, look for altcoins that have the potential to give us profits that can increase 3-5x based on your research because the cycle times are very different from the entry of large companies, the market is much more difficult to predict, maybe it's an opportunity. This only comes once in our lifetime, so take advantage of this opportunity as best as possible because this cycle can be said to be a cryptocurrency super mega cycle
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leonair
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February 29, 2024, 03:44:41 PM |
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I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?
If not now, when else, don't ever time the market to split altcoins when you are ready, look for altcoins that have the potential to give us profits that can increase 3-5x based on your research because the cycle times are very different from the entry of large companies, the market is much more difficult to predict, maybe it's an opportunity. This only comes once in our lifetime, so take advantage of this opportunity as best as possible because this cycle can be said to be a cryptocurrency super mega cycle Investing in Altcoins is always very risky as its price fluctuates excessively so it is not a long-term investment. If you do not invest in Altcoins at the right time and sell at the right time, there is a high chance of losing more than profit. Especially if you invest at the beginning of the hype and sell during the hype, you get more profit from here. But if you buy and hold during the hype period, you will lose a lot. Altcoins are capable of making very good profits as quickly as they are also capable of making large losses
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radjie
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February 29, 2024, 04:07:27 PM |
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It's always risky. For more than a year I was investing in BTC only. I wouldn't recommend it, but I can say my opinion. I think that it's a viable strategy.
its true that BTC had been stable for a while now but investing a fraction of income into a good altcoin isn't a bad idea although I still feel that when it comes to investing in altcoin you should do it in a short term bases since most of them don't last long before finally loosing Thier value. Bitcoin did appear to have stable price movements before the bull run occurred, but it is very appropriate to use it as a long-term investment asset. There are several potential Altcoins that are also suitable for use as long-term investments, but most of the new projects currently are more appropriate for short-term trading by taking advantage of the opportunity when the related token experiences an increase. It can be seen that previous projects after experiencing an increase in price movements will reverse experienced a sharp decline and it is difficult to increase its value again
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Y3shot
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February 29, 2024, 06:00:04 PM |
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There is no time you invest in altcoin that is west of time the only thing that we have to be curious of during investment of altcoin when you have already know the project that you want to invest on, so investing in altcoin you are at advantages at any point in time so I believe that that is why many people do not hesitate to invest in any new project of altcoin investing in altcoin doesn't have any period or any possible time that is best, the only thing you have to consider is to figure out a project in altcoin that will survive a bearish season or that will make you make a profit.
Their are some altcoins in the market that is very risky, it is important if one is to invest in altcoins research needs to be done to be sure if the altcoins to be invested is not a scam project. Their is nothing wrong in investing in altcoins just some people goes about it in the wrong way and to invest what they can't afford to lose. Investing in new projects their is no guarantee that it will be profitable or not. Investors needs to be sure of what they ate investing.
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Makus
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February 29, 2024, 11:51:26 PM |
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Risk never ceases especially in altcoins when we are talking about cryptocurrency. There are some altcoins that were created as a test project, yet if the developers fail to write that down in their white paper, investors might start adopting the project seriously, and such instances always never ends well because, projects like that end up becoming shitcoins due to poor mentainance. Though there are also lots of good coins out there with great developers, but all what I'm saying is, you should be careful as altcoins investment, short term project to be precise are like gambling.
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Rasa nanas
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March 01, 2024, 12:23:38 AM |
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Most altcoin prices (especially big altcoins) usually move in the same direction as Bitcoin, but of course not all altcoin prices move in the same direction as Bitcoin. Long or short term investment depends on your skills and the market situation. If you see that the market situation is favorable for long-term investment, then you should choose long-term investment, but if you think market conditions are volatile and short-term investment is more profitable, then you should choose short-term investment.
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MFahad
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March 01, 2024, 10:58:36 AM |
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Their is nothing wrong in investing in altcoins just some people goes about it in the wrong way and to invest what they can't afford to lose. Investing in new projects their is no guarantee that it will be profitable or not. Investors needs to be sure of what they ate investing.
That's true, there is nothing wrong with investing in altcoins as long as the investor understands what they are doing. What goes wrong with investments that most people make is that they don't do enough research about the projects and cryptocurrencies that they invest in which causes them losses and then they regret their decisions, but as they say, prevention is better than cure, so when you are doing something, think about the consequences first instead of regretting later. When someone is making an investment in a new cryptocurrency or project, they need to make sure that they understand the project very well before they get into it so that they don't lose money because once you make the investment and the project fails, there is no point regretting your decision as you won't get your money back.
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jasonjm
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March 01, 2024, 01:42:24 PM |
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Most altcoin prices (especially big altcoins) usually move in the same direction as Bitcoin, but of course not all altcoin prices move in the same direction as Bitcoin. Long or short term investment depends on your skills and the market situation. If you see that the market situation is favorable for long-term investment, then you should choose long-term investment, but if you think market conditions are volatile and short-term investment is more profitable, then you should choose short-term investment.
The altcoin prices do not imitate BTC price action. Altcoin prices increased after BTC consolidated around a certain price range. At the moment, the BTC price is over $60k, and altcoins are showing some gain. A few of the coins are pumping daily. This is the ideal time to make some bucks from Altcoin trading because the majority of altcoins haven't pumped after the 2021 alt season, and they are gaining momentum now. For the short-term, I think you should go for altcoin investment, but do your thorough research before reaching any conclusion.
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Y3shot
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March 01, 2024, 02:52:15 PM |
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When someone is making an investment in a new cryptocurrency or project, they need to make sure that they understand the project very well before they get into it so that they don't lose money because once you make the investment and the project fails, there is no point regretting your decision as you won't get your money back.
It is very important because not all new project in the market have the potential of gaining profit, some after sometime it will crash in the market. When one mistakenly enter the wrong investment for altcoins , loses use to be massive that is why one needs to be sure if the project is something that is worth investing in. The reason why people goes into investing is because they feel altcoins are affordable to invest. The price should not be a reason why one must go for any altcoin to get profit.
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Dr. Strange
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March 01, 2024, 03:46:20 PM |
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I see a lot of questions about this and as far as I understand as per the advice of experienced people its always risky but not all coins but 1 to 30 market cap coins seems like a good safe to me. However, if you want to invest in an altcoin, you have to do a lot of monitoring because once it is down, it takes a long time to hit the highest price, especially if the price of Bitcoin does not increase. But if you can be a good professional trader then you can do better than altcoin because short trade or holding for a long time can make a good amount of profit if you can select the right coin at the right time.
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Ben Barubal
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March 01, 2024, 05:08:32 PM |
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Actually, the risk level has increased even more now in investing in altcoins, to be honest. Because most altcoins on the market are pure greens. The majority of these altcoins are rallying, and if I look at it literally, they are also being pulled by bitcoin on the rise.
So just slow down a bit, and if you want to keep up, just invest and hold long-term first and don't do short-term because you might be left behind and unable to catch up because that's not a good way, believe me.
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|MINER|
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March 02, 2024, 09:24:42 AM |
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When it comes to investing in altcoins, Ethereum Solna and BNB are mentioned. Also nothing is said specifically about other altcoins. Altcoin, meme coin has no stability. It is often between pumping and dumping. Investing in altcoin and meme coin should do quick trade. If you invest here for a long time, there is a possibility of losing everything. So if you invest in altcoin and meme coin you should be happy with less profit. Because they have no guarantee. Before investing in alt coin and meme coin, you have to check and invest because often people are victims of scams.
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