Altcoins are sucidal!!!

[wallet4bitcoin]

>> 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.

Rather than tie it entirely to the shitcoins, I'll suggest we also look at it from the perspective of those investing in shitcoins.

More often than not, you find people investing in shitcoins with reasons of ROI, forgetting that there is a laid down understanding, high rewarding shitcoins have higher risks. The basic which is "invest only what you can afford to lose" seems to be alien to these small-scale investors.

Just because you heard about someone who made a fortune out of one shitcoin doesn't make it a trend, the person who made a lot of money out of a shitcoin has also lost from another shitcoin and he might be one of the lucky ones out of a hundred who does shitcoins.  Because these pieces of information aren't general knowledge, people get to be misguided and act on ignorance and incur losses.

[Dzwaafu11]

>> 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 advise you never use your all to invest!

Altcoins are like gambling; for investors who want to invest and make money from cryptocurrencies, the best option is Bitcoin. Altcoins are never an option to invest in because, regardless of the research  you do, there's still a lot of risk in investing in shitcoin. 

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

This is wrong. You are confusing newbies and at the same time encouraging newbies to invest in shitcoin here. because, as you mentioned, they shouldn’t invest all their money in shitcoin, which means you are encouraging them to invest even if it’s a small amount of money, and you earlier stated that shitcoin has a high risk. The best thing for newbies is to stay away from shitcoins; bitcoin is the best. 

[348Judah]

>> so many people prefer investing in shitcoins just because it offers higher growth potential than Bitcoin.

That is a lie, those hype in market price we often see in altcoins are not genuine, but an illusion for deceptive reason which many of the investors don't know, at the end of the day, everything will result to achieving nothing, if some of them gave you $100 as profits, they will gradually mint out $1000 from you before you know over time, but any profit earned from bitcoin is lasting and sustaining because of its market consistencies.

[legendbtc]

Altcoins are sucidal!!!

I think you should visit this topic. There are also many people who agree with what he said and I am one of them.
https://bitcointalk.org/index.php?topic=5505820.0


If you say no to shitcoins then I definitely agree with you but as for altcoins, I think there are many altcoins worth investing in even though they will be higher risk than bitcoin. But you know, the higher the risk, the higher the return, and those who are willing to take risks and like roller coasters should not miss out on the great opportunity with altcoins.

I have both bitcoin & altcoins and I believe there are many people like me, and like I said, my investment is riskier than those who are 100% invested in bitcoin. But I have a chance to get bigger rewards and even they gave me big profit in bull season 2021 or my investment in altcoins in 2022 also gives me profit.

I still remember during the 2022 bear season, Solana plummeted below $10, scaring many people and few thinking it could survive. And I think everyone knows the current Solana price and I don't need to say.
I'm not against or hate bitcoin maximalists but there's nothing wrong with people investing in altcoins and owning both.

[Kelward]

It's quite simple, if you want to invest your money in cryptocurrency then the best and undisputed choice is Bitcoin. It doesn't give you a get rich quick scheme promises, it has proven itself as a store of value, an asset that will continue to increase in price and always reach new ATH on the long term. You buy, hodl and wait for bull run then you'll see your ROI increasing. The best strategy to accumulate is by using the DCA method, it gives you the ease of growing your investment fund.

Altcoins on the other hand are risky, buying them means that you're gambling your funds because there are more scam projects than the genuine ones. I see most altcoins as Ponzi schemes where the developers have scam intentions, they'll hype their projects, in the end it'll sink after many victims have invested their hard earned money. Except for a few top altcoins, you'll need to DYOR before buying any cryptocurrency, most of them are scams.

[Casdinyard]

>> 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.

You're disillusioned. Nobody's dumb enough anymore to invest in shitcoins, and those who do, quickly learn their lessons and immediately jump to safer and wiser choices.

Bitcoin's not the end all be all coin that every investor should buy, each of us here's got their own preferences that will play towards how and what coin they will invest on, if that leads them to investing in altcoins, no matter "how suicidal" that looks like to you, it's none of your business. Besides, time and time again it was shown that altcoins perform way better than bitcoin, and are far more contributing to the overall growth of the crypto world more than what bitcoin could offer at the moment.

Don't scare people into investing into bitcoin, that will make them stupid investors, encourage them into diversifying their assets and being smarter when it comes to making choices, that's the right way.

[glendall]

not all altcoins are deadly, in my opinion there are many that have potential, maybe what you mean is meme coins, if meme coins are deadly, obviously I agree because many people have lost because of meme coins,

[Egii Nna]

>> 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!

You are saying the fact because investing in a shitcoin will not help you but only fall you down because there is no point in them. You can see the potential in those coins and think they will do something good, but when you try to invest in such coins, all I will say to such people is that they should always get ready to lose all of their investments, but if really you want your investment to get a better return, then the best should be bitcoin. because that is the coin that you will have the full assurance to have a good profit in long time .

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.

If you can really use the DCA investment strategy to accumulate a lot of bitcoin, then you will be more happy because you will acquire a lot of bitcoin within a small period of time, but if you try that in shitcoin, then all I will say is that I am sorry for you because you need to get ready to cry, but holding onto bitcoin, then you are saved.

[LogitechMouse]

---
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.

That will remain as an imagination because 10 years ago, you might be one of those who are skeptical towards Bitcoin that's for sure. Let's not compare what Bitcoin is 10 years ago and now because the sentiments of the investors are very different from those times. 10 years ago, people are afraid to invest into it. 10 years ago, people are skeptical towards this new technology. 10 years ago, nobody expected that Bitcoin will have the highest growth of all the other assets out there. It's hard to hold a coin that you don't know if it has a future or not, and it's hard to hold a coin for 10 year.

I agree with what you said though that DCA is by far the best investment strategy out there. It's the safest, most reliable, and a proven strategy. Being rewarded using this strategy will take time though, but if you're the type of investor that doesn't want to risk most of their money then DCA would be a good option. Investing into shitcoins will make your life shitty. I mean it's on the name already. These coins will make your life shit. Kidding aside, I don't want investors to invest into shitcoins as well, but there are some who want to gamble their money and investing into them. Some make reward off of it, but most aren't.

Not all altcoins are suicidal though. There are still altcoins out there that's good to hold in the long-term like ETH.

[NeuroticFish]

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.

Indeed, average people will most probably disagree, but that's in many cases because they see crypto as a get-rich-quick scheme, hence they will not wait for long enough for their investment to grow (you know, in a big enough timeframe the Bitcoin price volatility doesn't really matter).
The result is FOMO buy at high price and panic sell at low price.

In many cases the withdrawal fess and transactions fees don't matter because the average Joe may not care to (read and) handle his own wallet or may be too scared (reading about mistakes and theft) to handle his own wallet.

[Findingnemo]

People who invest on random altcoins if that's their first investment on crypto currency then they're influenced by someone to invest and they have no idea of what's crypto they just heard it can give huge profits so they jumped straight into it.

We can't blame them cause those kind of people exist everywhere and theoretically successful investors make profits due to those stupid investors wrong decisions. I am sure that I am ready to put all my money on Bitcoin if I have only one coin to pick but once you're here for a while and intention of making profits is not bad either, can invest 5% of their capital into something else and see how it turns out to be.

[criptoevangelista]

Some people use altcoins to increase their bitcoin holdings, because the market size is smaller, the probability of appreciation is much higher than that of bitcoin... However, it is always a risk, it is impossible to know which altcoin to buy to earn bitcoins, perhaps only with insider information, real pump and dump groups or even luck like winning the lottery... I prefer to stay out of this type of game. Buying Bitcoin consistently every week is the best way to do well in this universe.

[Silberman]

>> 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.

Not a bad suggestion, but those that need to hear it the most will never take the time to do it, and this is because most of them are involved in social media groups that encourage them to invest in those projects, and they claim that people like us that take a safe approach to the markets are in the wrong and they will show us this is the case once they obtain their profits, but for every person that is able to achieve this, there are hundreds that fail and lose it all.

[ChiBitCTy]

There's still so many people who just don't really understand jack all about bitcoin or cryptocurrency really for that matter but think that whatever shitcoin they invest in might just be then next bitcoin.  I am not sure why they still think this to be potentially be the case here in the year 2024.other than that they just don't really have a clue nor spend anytime trying to educate themselves to getting a clue.  Oh well, maybe people learn some day.

[avikz]

>> 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.

You will always find people investing in altcoins because of the potential. There are many altcoins available in the market which has shown growth potential and delivered a return. So overlooking altcoins is also not wise.

Yes, bitcoin is the king, but that does not mean people should ignore altcoins. What people must ignore, is memecoins. Memecoins are actually dengerous. But altcoins in many cases have shown great performance.

[Raflesia]

Rather than tie it entirely to the shitcoins, I'll suggest we also look at it from the perspective of those investing in shitcoins.

That would be a ridiculous situation I guess because after all, up until now we must have realized that being in shitcoin is not even worthy of being called an investment because it is just like gambling and a game to see our luck in being in a project that is not very clear. It's just about momentum where we are like sharpened to see where the right momentum to enter and where we have to get out and this concept I think is not the concept of investment.

It is undeniable that in the end being in shitcoin can give us profit even without us expecting it because the increase can be hundreds or thousands of times what we imagine. But on the other hand, we also have to consider that being here for too long will only make you trapped because after all, shitcoin is vulnerable to being dumped and abandoned when those behind the scenes have made enough profits so that we cannot say that this is an investment because even though it is indeed a risky investment, being in shitcoin is a picture of gambling in disguise.

[seoincorporation]

i think it's about the risk, while bigger the risk then bigger the revenue that you can get, but at the same time is bigger the chance to lose your money or to see the investment crashing, and that's why we se a lot of people investing in shitcoins.

It's really hard to chase a x1000 with bitcoin, but some shitcoins give us that oportunity, the hard part is to know where to place our bet.

[Questat]

I really think that those who chose to invest in altcoins over bitcoin are actually aware that there's more risks investing in altcoins than bitcoin, but because it's the one that they can afford because it's obviously cheaper than bitcoin, hence they still try to invest hoping that they'll gain decent profits in the end, only to find out that their funds have gone into waste because they decide to invest in wrong coins rather than stick to the most reputable coin which is bitcoin.

[BADecker]

Make money by buying all cheap altcoins when they first come out, and then selling when the reach 10%.

[wallet4bitcoin]

That would be a ridiculous situation I guess because after all,..

The reason why I believe the investors are to be blamed is much more centered on their psychology and sufficiency of information.

"Even the deadliest of rivers wouldn't drown everyone that gets into it".

People still make a fortune off shitcoins, its the major reason why it still trends and happens to be the a major attraction for its players. It is no doubt that memecoins have now become a major center of attraction for liquidity. SOLANA today, has liquidity because of the hype around it and the fact that shitcoins are leveraging that chain, when the hyper leaves, liquidity will also leave and shitcoins with it.

People still make as much profit just as they do losses on shitcoins but it depends on strategy and information helps to strategize better. It still comes back to the investors perspective.