Has AltCoins thought you a hard time lesson before?

[Makus]

There are still great altcoins out there, so I won't judge them completely and in fact, they also had a big contribution to Bitcoin and to the overall crypto market. There's just people who don't like Bitcoin for some reasons and sadly their decisions may not ever change no matter how hard we convince them.

It's true some person don't like Bitcoin, I've met someone who don't like Bitcoin but after he understood the entire principle of Bitcoin price movement and the concert of limited supply, he became a lover of Bitcoin. I think most of those persons who don't like Bitcoin is because of what they've been told without them carrying out research on Bitcoin network to know what it truly entails, but if such person are given the opportunity to know more about Bitcoin, they'll definitely pick Bitcoin over any other shitcoin or altcoin. While only few just develop hatred for the project. But Bitcoin remains the best coin ever.

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[Mpamaegbu]

He said he if he knew it was going to be that way he would had had used the money to buy anything at the rate of $1 for the $1,000 just to make sure he gives achievable account of the coin.

In this industry, everyone has got their "Had I known" moment. If you haven't got yours, don't worry you will soon get it (them). It's the baptism you need to gain that experience a lot of us talk about. Some can be very expensive a price to pay while others will be less. In all, we pay for attention and experience.

He has decided not to invest on AltCoins again but just of recent he said he wished he had invested in the AltCoins this time due to the attractions of AltCoins as the results of the current bitcoin bull runs.

This is a case of stand for something lest you fall for anything. Your friend should go and learn Technical Analysis (TA) and quit trading on guts feeling. It will continue to burn him until he learns the rudiments of Support & Resistance with Demand and Supply zones.

WHO AMONGST US HAD ALTCOINS THOUGHT A HARD LESSION IN THE PAST.

The lessons aren't from altcoins alone. Bitcoin too has also taught some people hard lessons they may not quickly forget.

[milewilda]

The current increments in the crypto markets got my friend regreted after a hard time he faced last year after investing $1,000 on the AltCoin and he lost it all.
He said he Invested this some of money with his analysis that the AltCoin he invested on would rise but the volatility volume of the coin went south for him where he watched the Coins fluctuating and he felt the situation was one of the volatility potential systems in the crpto currencies.
Like he said, he watches the coins dropped from $1,000 to $8,00-$500 and was expecting it would pump up not til the coin melted to the point of loosing it all.
He said he if he knew it was going to be that way he would had had used the money to buy anything at the rate of $1 for the $1,000 just to make sure he gives achievable account of the coin.
He has decided not to invest on AltCoins again but just of recent he said he wished he had invested in the AltCoins this time due to the attractions of AltCoins as the results of the current bitcoin bull runs.
WHO AMONGST US HAD ALTCOINS THOUGHT A HARD LESSION IN THE PAST.

All of us for sure who do have that kind of learning on which on the time that we do able to experience the worst of times on investing on which there's no way that we could really be able to tell
on where prices would be going on which it would really be that normal that whenever you do make out some selection then it would be understandable that you wouldnt really be able to spot out the right
decision yet there would really be different factors on which it would really be affecting someones decisions and this is something you should really be realizing on the time that you do deal up with this market.
You cant really make those precise predictions and choices due to unpredictability and total randomness of this market.

This is why on the time that you do step your foot into this space, then it would really be always best that you should really be that investing on the amount that you can afford to lose.So that on the time
that things turns out to go south then you wont really be finding yourself that getting too stressed just because the amount you have lost is something that you've been saved
up for too long. There would really be significant differences i should say.

[Miles2006]

No experience yet but I have learnt a lot and knowing the common mistakes investors made and learning towards such mistakes with experience helps alot. Not all altcoins will serve as a pump and dump scheme but rather few altcoins are beneficial, altcoin investors usually earn profit like no investor will share his/her experience without talk about the risk and win involved except the investor lacks the habit of making research. The common mistakes I heard about worst experience are mostly investing in a ponzi scheme or rather going for the hype, as an investor making research can help in terms of searching for a good coin.

[kamvreto]

I am mostly invested in Bitcoin, literally over 95% of my cryptocurrency holdings. I have, over the years messed with altcoins though of course. I have been taught many hard lessons with altcoins. They are a far less guaranteed  thing than Bitcoin. I’ve bought the tops of certain coins & been rug pulled.

It is very painful to accept the reality of having to face the rug on an altcoin that was bought in the belief that it would go up, but in fact would be very detrimental. Now you invest most of your money in Bitcoin, it is the best choice, 95% for Bitcoin and 5% maybe for hype altcoins. But haven't you considered ETH or the top altcoins? that would be better than getting into a new altcoin whose development is unclear.

[beerlover]

I think everybody here must have gone through some tragedies in the trading market. Investing in altcoins with high amount of risk and not a deep research is something that almost every newbie does and after having a loss they realise that trading is not that much easy.Then they either quit it or become smarter and wiser with their decisions.

It's not something to be ashamed of but if one doesn't learn from one experience and continues to make mistakes then it's a serious point to ponder. We have to make ourselves realise that we are wrong and then work on ourselves to make the wrongs right.

Trading mistakes can happen that's not really a big deal, as long as you did not get scammed then trading losses are fine. I feel like there are way too many people who gets scammed during this period and that's the most important part, if you can somehow avoid those then you should be considering the situation to be a lot better.

I believe that we can't make it work any other way, and it seems like we are going to end up with a lot more trouble. I feel like it should be something that will take some time, and we can't make it work any other way. I know that altcoins are risky investments, so if you trade some and you end up losing money to it then that's fine we can just assume that it is what we can do, it's just the way it is.

[Y3shot]

Things people needs to be very careful with in crypto are altcoins because they are very much risky. Their are so many altcoins in the market some are good but lot of them are not good to hodl because they have no good value.  If their is anything one needs to be afraid about cryptocurrency should be the altcoins because many of it are not reliable that you can look up to.

[Obim34]

I am mostly invested in Bitcoin, literally over 95% of my cryptocurrency holdings. I have, over the years messed with altcoins though of course. I have been taught many hard lessons with altcoins. They are a far less guaranteed  thing than Bitcoin. I’ve bought the tops of certain coins & been rug pulled.

It is very painful to accept the reality of having to face the rug on an altcoin that was bought in the belief that it would go up, but in fact would be very detrimental. Now you invest most of your money in Bitcoin, it is the best choice, 95% for Bitcoin and 5% maybe for hype altcoins. But haven't you considered ETH or the top altcoins? that would be better than getting into a new altcoin whose development is unclear.

Having enough funds, it is best to consider diversification of investment since their is very lesser opportunity of making profits from new Altcoins. Invesing all into Altcoins is not a good idea, the bigger portion should go for purchasing Bitcoin, next going for top Altcoins, some memecoins and new Altcoins. 

[|MINER|]

Many people have suffered a lot of losses by investing in altcoins.  And has a history of losing everything.  It was a few days ago that FTX and Luna caused many people to lose a lot of money over a period of time.  It is only natural that those who have experienced this loss once investing in Luna will be afraid to invest in altcoins a second time.  Your friend may have been a victim of a scam that now makes him afraid to invest in altcoins even after the price has gone up.  If you search, you will find many people who can't trust altcoin anymore.

[lixer]

I once had a difficult time with altcoins, when I first entered the world of crypto, where I didn't have a financial advisor in crypto, but that way I was able to learn to research every coin I was going to invest in, not because of fomo and hype to buy altcoins but how much the great development of altcoins themselves,

The hard lesson that the OP talks about is different from what you are saying there. What you are saying there is a literal lesson, but that is much better and this is why all are advised to be like that (to stand on our own) so that we won't get fooled by other people who claims to be an expert on the same thing that we want to enter. Other than that, it teaches us to be independent, so that we can trade at all times since there are no guarantees that our source will remain as is.

The last benefit would be is like you said, we can avoid to chase the trend or FOMO, although some indie investors and traders can still discover it but at least they can reduce their risk this time.

[Kristiyana]

I once had a difficult time with altcoins, when I first entered the world of crypto, where I didn't have a financial advisor in crypto, but that way I was able to learn to research every coin I was going to invest in, not because of fomo and hype to buy altcoins but how much the great development of altcoins themselves,

The hard lesson that the OP talks about is different from what you are saying there. What you are saying there is a literal lesson, but that is much better and this is why all are advised to be like that (to stand on our own) so that we won't get fooled by other people who claims to be an expert on the same thing that we want to enter. Other than that, it teaches us to be independent, so that we can trade at all times since there are no guarantees that our source will remain as is.

The last benefit would be is like you said, we can avoid to chase the trend or FOMO, although some indie investors and traders can still discover it but at least they can reduce their risk this time.

Though I have not been into crypto for too long, first I started crypto by mining from all this telegram bot  I was mining litecoin, dogecoin,zcash,and also Bitcoin cash, I was mining at the range of 0.00001234 then I keep mining till I succeeded in getting 1dogecoin before the site get closed.but as time goes on, that's how I begin to have  more knowledge about cryptocurrency.i know a lot of people have bad experience in altcoins, listening to my own part of the story is obvious that altcoins have not thought me a bad lesson either.