Altcoins are sucidal!!!

[Gooner0]

>> so many people prefer investing in shitcoins just because it offers higher growth potential than Bitcoin.
What they fail to understand is that , investing in altcoins carries a lot of risk and you need thorough research before making investments decisions, if you've taken the decision to invest in Altcoins then get ready for potential looses.   I'll also advice you never use your all to invest!

Bitcoins advantages makes it a reliable store of value and medium of exchange.
The price of Bitcoin has really swept people off their feet, I mean imagine if maybe ten years ago you had a good amount of Bitcoin and you decide to hodl .
Imagine how you'd be now!
So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.

[uneng]

Bitcoin is the most conservative investment among cryptocurrencies and should correspond to the largest portion of an investor's bankroll. Everything else (altcoins) is high risk gambling. Since the beginning of this industry we have been seeing Bitcoin performing on the top position of this market, while altcoins are constantly going upside and down each new cycle.

The only exception is Ethereum. Every other altcoins don't give you any realistic assurance to maintain their position on the following years. The point is that they promise high financial returns, which is something Bitcoin doesn't at the current stage it has reached. So investors go for the altcoins instead, expecting to make 100% or even 1000% profit by holding shitcoins, personified in the figure of memecoins which are quite popular right now.

It's ok to play with altcoins, though, since you respect your limits and don't compromise a large percentage of your funds on it.

[Odusko]

The problem with those that believe so much in shitcoins is that, the believe that Bitcoin is too expensive and can get them rich quick, that is why they look for shitcoins that promises them billions of dollars return in 24 hour's from a hundred dollars investment, not knowing that cryptocurrency is full of so many risk and hidden conditions that can and may not be publicly stated by this project team's, and also most of those coins are just following the hype's just to cash in on potential victims without any real intentions for the project.
A lot of those that have lost money in crypto are greedy forks that just want to jump on any bandwagon that is available and promising them 10x return with a short period of time, but at the end also we have to recognize the fact that shitcoins or altcoins a re just for speculations and gambling on there price and market is the highest and the best approach to them, but those newbies gullible investors who buy those shitcoins may not have that knowledge, to know how best to approach those shitcoins, and they take the shitcoins a d real investment and putting they money into them without even realizing or analyzing the risks involved.

[Ryu_Ar1]

>> so many people prefer investing in shitcoins just because it offers higher growth potential than Bitcoin.
What they fail to understand is that , investing in altcoins carries a lot of risk and you need thorough research before making investments decisions, if you've taken the decision to invest in Altcoins then get ready for potential looses. 

As long as we talk about investment, in the end it will be the same where risk will always exist and do not feel that we are in bitcoin it will be safe from risk because in the end regardless of whether we are in bitcoin or altcoin the situation is still the same because we must know the risks that we must bear in the investments we make. It's just that in this case what distinguishes bitcoin and altcoin is a certainty where the risk when in bitcoin will be much smaller than we are in altcoin.

I'll also advice you never use your all to invest!

Of course this should be done and everyone should be aware of something like this because it would be ridiculous if they do (sacrifice) everything for the investment that we do.
Although investment is good, we must realize that in the end when we want to do it, we need a good strategy and planning which of course refers to the financial management that we have.
Do not let us be aggressive by risking everything just because we want to get a big profit because we need to think about the life we live today and not only focus on the future.
There are expenses that we have to think about for life now so don't push yourself too much because the concept of being in my version of bitcoin is that when we invest in bitcoin then we must also be prepared to lose which of course this will be difficult for us to accept when we risk everything for bitcoin even though it is profitable for the future but we cannot torture ourselves for the life we live now.

[nelson4lov]

The reality that most new folks coming into crypto right now are becoming to realize is that given the current price of Bitcoin, it would be nearly to get anything more than a 10x increase in its price in the foreseeable future. There won't be anything close to the gain that people that got in on bitcoin sub $1K currently enjoy — so it's normal to see people take their chances with these altcoins because unlike bitcoin, it doesn't take much to swing the price upwards. That's the reality right.

For me, People kind of appeals to people with bigger capital size. Yesterday, a thought leader in Bitcoin shared a reddit post about a guy being excited about hitting the 0.1BTC mark after buying and DCAing for years. He noted that with each increase in the price, it becomes harder to acquire more bitcoin. Before being a wholecoiner was the goal. Now, there are people that see 0.1 BTC as the standard.

[Die_empty]

So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.

You wouldn't tell people not to put their money anywhere they want. Some of them are willing to take the risk of gaining big or losing big. Many investors are not patient enough to hodl Bitcoin for a long time, so they prefer to gamble with some shitcoins in a bid to get short term profit.

My advice to people, mostly newbies, is to invest only in Bitcoin because it has proved to be a reliable investment asset. Venturing into other coins should be done after studying the market and gaining the required knowledge. And if you want to diversify your crypto assets, consider buying only reputable altcoins.

[GiftedMAN]

So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.

You wouldn't tell people not to put their money anywhere they want. Some of them are willing to take the risk of gaining big or losing big. Many investors are not patient enough to hodl Bitcoin for a long time, so they prefer to gamble with some shitcoins in a bid to get short term profit.

This is just so simple, you can only suggest to people on a better option which you feel can be trusted when it comes to cryptocurrency investment and for sure Bitcoin remain the best among other cryptocurrencies due to it's life span and the proven track records but the choices are their for the investor to make given that a lot of people has had huge profit investing in alternative cryptocurrency and shitcoins as such they would always try to risk it no matter what the outcome come will be. Personally I consider shitcoin investment as a Ponzi system of investment because it kills faster than death and it gives profit wittin a short period of time also.

[Asiska02]

>> so many people prefer investing in shitcoins just because it offers higher growth potential than Bitcoin.
What they fail to understand is that , investing in altcoins carries a lot of risk and you need thorough research before making investments decisions, if you've taken the decision to invest in Altcoins then get ready for potential looses.   I'll also advice you never use your all to invest!

People will still take that risk and invest in shitcoins instead of investing in bitcoin. When they hear about the 100x some shitcoins do within a short time, they’ll prefer jumping into that without even asking about the disadvantages of it. People wanting to make quick money is on the rampage now and social media have made it looks to some people that cryptocurrency is where quick money can be made. This particular idea have failed a lot of people and even people losing their lives after being scammed, rugged and lost their money into those shitcoins they expect to make them rich overnight.

Bitcoins advantages makes it a reliable store of value and medium of exchange.
The price of Bitcoin has really swept people off their feet, I mean imagine if maybe ten years ago you had a good amount of Bitcoin and you decide to hodl .
Imagine how you'd be now!
So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.

Bitcoin accumulation is not an easy task to come by with, some people will still prefer to invest some of their money into shitcoins, like risking what they can afford to lose just to maybe compensate their bitcoin purchase through DCA. Every risk has their repercussions and when some people are able to realize those repercussions and can get away with it, they don’t mind trying to diversify their portfolio into also altcoins. It is risky and will always be risky unlike bitcoin that’s less risky to invest in as far as you can hodl and won’t panic to sell.

[mirakal]

It’s not actually wrong to invest in altcoins with an amount that you can afford to lose. The problem is there’s a lot of altcoins are there that turn into shitcoins and now it’s hard to identify whether you invested in the right or wrong altcoins. Now, in order to lessen the risk from losing all your funds, stick to bitcoin instead. Don’t be bothered with bitcoin price since you’re not going to buy the whole bitcoin but just a small portion first from your spare money. Invest in bitcoin and hold, you will certainly not lose if you are patient enough to manage your coins and won’t sell when others are panicking to sell.

[Zaguru12]

My advice to people, mostly newbies, is to invest only in Bitcoin because it has proved to be a reliable investment asset. Venturing into other coins should be done after studying the market and gaining the required knowledge. And if you want to diversify your crypto assets, consider buying only reputable altcoins.

Exactly there is freedom to anything that everyone wants to use their money for, but this advices are usually just ditch out to actually help people or potential investors who care to know that they are gambling with their money rather than doing anything close to investing. The one key thing I hold that aligns my believe with that of OP is that no matter how strong an Altcoins looks it will definitely have to follow the market trend of bitcoin. There is usually advice that one should actually do more research before investing, yes it is a very good factor in this space and most of the findings is that top rated coins most especially the top 10 are more of a solid coins that Carries lesser risk compared to other Altcoins. There is no denying this but when it comes to investing I don’t actually advice a portfolio diversification to be into this Altcoins rather to be to another different asset entirely from cryptocurrency since bitcoin controls The other Altcoins too it is not a good way to diversify with something that is influenced by one another

[Finestream]

So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.

You wouldn't tell people not to put their money anywhere they want. Some of them are willing to take the risk of gaining big or losing big. Many investors are not patient enough to hodl Bitcoin for a long time, so they prefer to gamble with some shitcoins in a bid to get short term profit.

My advice to people, mostly newbies, is to invest only in Bitcoin because it has proved to be a reliable investment asset. Venturing into other coins should be done after studying the market and gaining the required knowledge. And if you want to diversify your crypto assets, consider buying only reputable altcoins.

Diversifying does not only come with altcoins. So if you’ve doubt with altcoins, don’t invest in altcoins but rather chose to invest in real estate or bonds. But always give higher allocation to bitcoin since it’s your most trusted and highly reputable investment, and the rest are just your back-up investments wherein if you’re still not in profits with bitcoin, atleast you still have chances to gain profits from real estate or bonds.

[Odusko]

My advice to people, mostly newbies, is to invest only in Bitcoin because it has proved to be a reliable investment asset. Venturing into other coins should be done after studying the market and gaining the required knowledge. And if you want to diversify your crypto assets, consider buying only reputable altcoins.

Exactly there is freedom to anything that everyone wants to use their money for, but this advices are usually just ditch out to actually help people or potential investors who care to know that they are gambling with their money rather than doing anything close to investing. The one key thing I hold that aligns my believe with that of OP is that no matter how strong an Altcoins looks it will definitely have to follow the market trend of bitcoin. There is usually advice that one should actually do more research before investing, yes it is a very good factor in this space and most of the findings is that top rated coins most especially the top 10 are more of a solid coins that Carries lesser risk compared to other Altcoins. There is no denying this but when it comes to investing I don’t actually advice a portfolio diversification to be into this Altcoins rather to be to another different asset entirely from cryptocurrency since bitcoin controls The other Altcoins too it is not a good way to diversify with something that is influenced by one another

Some believe that, Bitcoin investment is too old fashioned for them and Bitcoin being labeled as an expensive investment and for those that want a quick return, altcoins becomes  the best choice for them at that point and as long as they own they money they can buy anything short that fit into their budget and allow the risk and luck to take control, such kind of investors will never listen to any form of advice as to hold more Bitcoin because of Bitcoin less volitilities and stabilities in Price movement, which are features that are not available to shitcoins,, we have different cryptocurrencies and investors need to understand this, we have some cryptos that are just for speculations, while we have some others that have long term potentials such as Bitcoin, Ethereum and the rest of the notable coins, but we have shitcoins this one are more or less scammers, their confuse newbies investors putting down their money and in the end, they get scammed and left with just unrealistic promises.

[Hatchy]

So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.

What ever you are investing on, it would be reasonable to do proper risk management and run some research just before you do so. Bitcoin still remains the best investment for those who actually understand how the system works. During dips, you might see how the value of your coins fluctuates and drops significantly especially when you bought at a higher price. But someone who already knows about this would have nothing to worry about since when the market goes up significantly you will gain alot of profis.

Altcoins Carries more risks than Bitcoin. When Bitcoin falls to a certain percentage, most of these altcoins also follows and dips but then not all of them will be able to recover just same way as Bitcoin will always do. So to save yourself the stress, invest in BTC and avoid getting your money stuck in some shitty coins

[BALIK]

It’s not actually wrong to invest in altcoins with an amount that you can afford to lose. The problem is there’s a lot of altcoins are there that turn into shitcoins and now it’s hard to identify whether you invested in the right or wrong altcoins. Now, in order to lessen the risk from losing all your funds, stick to bitcoin instead. Don’t be bothered with bitcoin price since you’re not going to buy the whole bitcoin but just a small portion first from your spare money. Invest in bitcoin and hold, you will certainly not lose if you are patient enough to manage your coins and won’t sell when others are panicking to sell.

I am also not against investing in altcoins because obviously if we have knowledge we will be able to find great opportunities there. People often say that investing in Altcoins is like gambling, but I don't see anyone complaining when they gamble every day, but criticizing those who invest in Altcoins   .

Invest only a small portion in altcoins and make sure it is an amount we can afford to lose just like the amount we gamble. Our crypto portfolio, bitcoin should be 80% or more, I think we'll be fine.
Also, bitcoin is safer and has more potential but it will all depend on our strategy and planning. Bitcoin is not a potential investment if we invest with borrowed money or use money that we cannot afford to lose.

[Samlucky O]

>> so many people prefer investing in shitcoins just because it offers higher growth potential than Bitcoin.
What they fail to understand is that , investing in altcoins carries a lot of risk and you need thorough research before making investments decisions, if you've taken the decision to invest in Altcoins then get ready for potential looses.   I'll also advice you never use your all to invest!

It is unwise for someone  to use all his funds to invest in shitcoin which even the name "shitcoin" which is derive from the word shit, this will directly tell you that it's not worthy of investment, meaning something that is good. Anybody whom leaves to invest in a potential coin like bitcoin and invest in shitcoin will certainly be disappointed.

Bitcoins advantages makes it a reliable store of value and medium of exchange.

The most sweetest part of bitcoin or blockchain technology is that it is totally decentralized meaning it is not controlled by a single person or group of small financial institution but by the node in the chain. Which means every transaction is visible in the blockchain with no hidden information

[Yatsan]

>> so many people prefer investing in shitcoins just because it offers higher growth potential than Bitcoin.
What they fail to understand is that , investing in altcoins carries a lot of risk and you need thorough research before making investments decisions, if you've taken the decision to invest in Altcoins then get ready for potential looses.   I'll also advice you never use your all to invest!

Bitcoins advantages makes it a reliable store of value and medium of exchange.
The price of Bitcoin has really swept people off their feet, I mean imagine if maybe ten years ago you had a good amount of Bitcoin and you decide to hodl .
Imagine how you'd be now!
So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.

For me you have a valid point because generally speaking, investing in altcoins is very risky because they are volatile and speculative in nature in most industries. One needs to do deep research before stepping into such properties. The use value of Bitcoin, both as a store of value and medium of exchange, has been extremely stable, and its long-term growth potential substantial. Other techniques, such as DCA, may help in mitigating the risk associated and aid in building a long-term sustainable investment. You should not be risking your entire wealth in some aggressive investments; therefore, the right balance in your portfolio is necessary.

[BlackBoss_]

For me you have a valid point because generally speaking, investing in altcoins is very risky because they are volatile and speculative in nature in most industries. One needs to do deep research before stepping into such properties. The use value of Bitcoin, both as a store of value and medium of exchange, has been extremely stable, and its long-term growth potential substantial. Other techniques, such as DCA, may help in mitigating the risk associated and aid in building a long-term sustainable investment. You should not be risking your entire wealth in some aggressive investments; therefore, the right balance in your portfolio is necessary.

If we have a full report, most of altcoins are not Proof of Work but I want to note that there are many Proof of Work altcoins which already died too. Proof of Work is not a savior benchmark for altcoins and it does not mean if they are Proof of Work altcoins, they can survive with time.

Don't buy altcoins because they are top altcoins

Other than that, majority of altcoins are non-Proof-of-Work, they are mainly Proof of Stake, Smart Contract based and their founders can have big preminted, premined coins or tokens. With these tokens since start, they can easily dump those tokens on the market, get quick money and abandon their projects. Many altcoins lack of commitment and dedication of the team to keep up development.

[fuguebtc]

I agree with you that bitcoin is the safest in the crypto market. But for me, I don't like being conservative and opinionated so I have no problem investing in altcoins. As long as we know what we are doing and are brave enough to take responsibility for our decisions, we can invest anywhere we think has potential.

Although it cannot be denied that the altcoin market is full of scams, we also need to admit that there are also many altcoins that have also brought huge profits to many people. ETH, BNB, SOL...and many alts have also brought early investors thousands and millions of percent profits not inferior to bitcoin. We should not deny those things.
Most altcoins are junk and risky but not all, there are still many altcoins that are generating profits that anyone craves. Of course, I'm only talking about profits, but in terms of technology or use cases, we just need bitcoin.

[tabas]

So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.

It's difficult to convince people who have plans for this community when they see Bitcoin as something that they'll never invest in. And they think that altcoins are going to be the best investment that they'll ever have. What matters to them is the short-term investment through altcoins and they don't have any contingencies that should benefit for them by choosing Bitcoin through DCA. They like the meme coins that are being airdropped and it's okay to have it like that but some of them are hoping a lot on it as if they'll become rich overnight through it.

[ABCbits]

Bitcoins advantages makes it a reliable store of value and medium of exchange.

Average people might disagree though, due to volatility on Bitcoin price and transaction fee. But otherwise, i agree since altcoin usually have worse volatility.