Altcoins are sucidal!!!

[CageMabok]

The market is based on risk, and it has been said countless times that people should learn to invest only what they can afford to risk. So anyone that is investing in altcoins should know that by now. Such risks are not meant for small investors, they should only invest what they are certain would bring them profit in the future.

It's true that we see news about altcoins that made it huge, but that is not always the case, as most of them tends to become a failure when they are launched.

The altcoin market conditions also often change rapidly and I have also seen more altcoins fail when launched so that has made me not really like altcoins except for a few because everyone can't deny that there are also many successful altcoins. But for Bitcoin I have absolutely no offer because I am very confident and no longer doubt Bitcoin, but for altcoins I think almost everyone should see the level of risk so as not to immediately put all their money in altcoins even in altcoins that already look good.

[Blitzboy]

Altcoins are appealing. Expect the moon, but get a rollercoaster. Luck may favor you, but the odds are against you. Usually, high rewards mean great risk.

Bitcoin is the digital world's foundation. It has a solid foundation and history. Though risky, its safer than other cryptocurrencies. Compare building a tower on sand to solid rock.

While diversification is smart, dont forget the essentials. Bitcoin can stabilize your wealth during market fluctuations. Investment and strategy in the new digital economy.

Investing goes beyond chasing the next big thing. Smart decisions safeguard and grow your wealth. Bitcoin is crucial to balance. Therefore, research, make informed selections, and remember that the best investments last.

[Baki202]

The market is based on risk, and it has been said countless times that people should learn to invest only what they can afford to risk. So anyone that is investing in altcoins should know that by now. Such risks are not meant for small investors, they should only invest what they are certain would bring them profit in the future.

It's true that we see news about altcoins that made it huge, but that is not always the case, as most of them tends to become a failure when they are launched.

It is good to be aware that everything is based on risk when it comes to the market, and I feel like risk is normal and people will advise you to take risk because that is one of the way you can even make good profit because people that take risk are the takers, I would not say you should not take risk because you can not keep doing the same thing. Those that have decided they want to invest in Altcoins that's their choice and those that also want to invest, and I see peope saying invest what you can afford to lose, sometimes reverse should be the case but the risk should not be every time, so that you don't risk and lose everything. We know how Altcoins are but sometimes Altcoins is actually not a bad idea if you know the right one to invest in but the best to invest in will continue to be bitcoin, project easy fails a lot this days.

[SickDayIn]

I completely agree with you. One of my own threads in this forum section has gained a lot of attention covering the same topic. There are millions of shitcoins and they're a complete waste of time. Bitcoin is the only thing you should have laser eyes for.

[bubilas]

I completely agree with you. One of my own threads in this forum section has gained a lot of attention covering the same topic. There are millions of shitcoins and they're a complete waste of time. Bitcoin is the only thing you should have laser eyes for.

And this is absolutely correct. But I want to say that altcoins were not always 95 percent Scam. Previously, back in 2018, many good altcoins came out, investing in which gave a guaranteed Profit.
All projects had an excellent background. And now altcoins are the surest way to zero out your deposit.

[justdimin]

>> 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.

I agree with OP to a degree. I mean if we are talking about top ranked ones then I like them, they are not really that bad, like if we look at it closely then ETH is an altcoin too and that's not too bad and if you want to invest into that then it's fine.

But, I agree with the logic that we see a lot of people who make a lot of mistakes and they should not really consider how they could improve and because of this I believe that we are going to end up with a loss, we should probably ignore that and we could make something much better, it would guarantee a bigger income. This is why I believe that the best thing to do right now would be getting it done in a smaller way, it would be a great reason to invest carefully into these.

[DeathAngel]

Lots of people make a lot of money in Altcoins but they are much more risky than investing in Bitcoin which obviously has an impeccable track record since 2009. It all depends on your level of appetite for risk. You could have an 85% Bitcoin & 15% Altcoin portfolio if you feel like dipping your toes in the Altcoin markets.

[milewilda]

>> 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.

I agree with OP to a degree. I mean if we are talking about top ranked ones then I like them, they are not really that bad, like if we look at it closely then ETH is an altcoin too and that's not too bad and if you want to invest into that then it's fine.

But, I agree with the logic that we see a lot of people who make a lot of mistakes and they should not really consider how they could improve and because of this I believe that we are going to end up with a loss, we should probably ignore that and we could make something much better, it would guarantee a bigger income. This is why I believe that the best thing to do right now would be getting it done in a smaller way, it would be a great reason to invest carefully into these.

Its just a matter of your own research and would really be ending up with your own preference.It would really be also that considerable on making up some altcoin investments too specially into those people who do really want to have that diversification then this is something that you would really be needing up to consider. Although there are people who do really that become too impulsive when it comes into their investment
and wouldnt really be liking to have those risks management on the time that they would be making investment. Its not suicidal if you do really just that simply do your research and wont really be that making yourself having that kind of gambler like kind of approach because this is where people do usually mess up their investment on the time that they would be doing such step.

It would really be that become suicidal on the time that you would really be careless on doing such action because we know that not all altcoins would really be that
good when it comes into this investment. So it would really be that a matter of choice and actions be made up.

[reagansimms]

The market is based on risk, and it has been said countless times that people should learn to invest only what they can afford to risk. So anyone that is investing in altcoins should know that by now. Such risks are not meant for small investors, they should only invest what they are certain would bring them profit in the future.

It's true that we see news about altcoins that made it huge, but that is not always the case, as most of them tends to become a failure when they are launched.

The altcoin market conditions also often change rapidly and I have also seen more altcoins fail when launched so that has made me not really like altcoins except for a few because everyone can't deny that there are also many successful altcoins. But for Bitcoin I have absolutely no offer because I am very confident and no longer doubt Bitcoin, but for altcoins I think almost everyone should see the level of risk so as not to immediately put all their money in altcoins even in altcoins that already look good.

I don't have much money to diversify my portfolio across different coins, Bitcoin being the only coin I currently rely on, nothing else. Altcoins are too risky for me, although other investors have different views on certain coins, but investing in Bitcoin will make me much calmer especially in the long term.

Altcoins are full of manipulation, it is very risky to hold them in the long term. Recently, Toncoin investors were shocked after its price continued to plummet following the arrest of Telegram's CEO by security authorities in Paris. The same incident with different cases may happen to other coins, I don't want to take risks that I can't afford, so investing in Bitcoin is the best choice for me.

[Maslate]

I completely agree with you. One of my own threads in this forum section has gained a lot of attention covering the same topic. There are millions of shitcoins and they're a complete waste of time. Bitcoin is the only thing you should have laser eyes for.

And this is absolutely correct. But I want to say that altcoins were not always 95 percent Scam. Previously, back in 2018, many good altcoins came out, investing in which gave a guaranteed Profit.
All projects had an excellent background. And now altcoins are the surest way to zero out your deposit.

I wouldn’t say that altcoins nowadays are totally worthless since there are still some reputable altcoins in the market. But the problem is it’s hard to find those right altcoins seeing a lot of new altcoins these days have turned into scams. So to lessen the risk from falling into wrong altcoins and lose instantly your funds, just stick to bitcoin and invest at your own risk. Bitcoin may be highly risky as well due to its volatility, but one can always guarantee that bitcoin is not a big scam but a very secured and safety source of investment.

[Minor Miner]

Lots of people make a lot of money in Altcoins but they are much more risky than investing in Bitcoin which obviously has an impeccable track record since 2009. It all depends on your level of appetite for risk. You could have an 85% Bitcoin & 15% Altcoin portfolio if you feel like dipping your toes in the Altcoin markets.

Yes, altcoins are risky but we cannot deny that there are many people who have made a lot of money by investing in altcoins. Not to mention, there are many altcoins that have been around for years and are still growing, which shows that not all altcoins are scams. So to be fair, investing in alts or bitcoin will depend on our risk tolerance, we should not force anyone to follow our thinking.

I still recommend people to focus mainly on bitcoin but investing in altcoins can also be considered if someone is willing to take the risk. Because as we all know, although altcoins are high risk but we have the opportunity to get high profits.  

[TribalBob]

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.

The reality is that altcoins are used as a tool as a basic step to have more bitcoins, where altcoin owners will be careful in choosing which coins will provide benefits later, there is no need for insiders to buy, but we need friends who are part of the pump and dump team because with us we can know when we will release the altcoins we bought earlier

[Rockstarguy]

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.

Some people are just being ignorant because of the price of bitcoin,  they feel Bitcoin is on the high amount which they can't afford and see shitcoins as what they can afford to invest in, and they fail to know that investing in altcoins are much risky.

 Despite the price of bitcoin have gone a long way it is still profitable to invest and the price is not a limitation for those with low income, bitcoin can is still affordable for everyone but many people don't understand that DCA method can be use to buy bitcoin easily. As far as cryptocurrency is concern Bitcoin will always be a better option for investment because of its reliability. Good profit can still be gained in investing bitcoin if new investors are ready to hodl .

[Bournesparks]

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.

The reality is that altcoins are used as a tool as a basic step to have more bitcoins, where altcoin owners will be careful in choosing which coins will provide benefits later, there is no need for insiders to buy, but we need friends who are part of the pump and dump team because with us we can know when we will release the altcoins we bought earlier

Memecoins I suppose..some altcoins have good fundamentals but they're not volatile and follows btc ta

[Just Say]

>> 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.

Yes we must do thorough analysis before investing. Investing in cryptocurrencies is risky but investing in AltCoins or ShitCoins is the most risky. Many investors are very interested in investing in a sit coin when they see a high increase in its price in the early stage. But they don't realize that its price will go down just as it is going up. Those who invest in altcoins or sheet coins expecting high returns are the worst affected.

So those who invest in shitcoins should not only invest in this one coin but also invest in other coins such as potential alt coins Ethereum, BNB, Lite Coin and Sol etc. Besides that if he invests in bitcoins even if he keeps the investment for a long time then he will have the possibility of profit.

[Yanghudi]

What you just explained is in line with one of principals of investment, "high risk high return". It might sounds cliché, but somehow there are a lot of people failed to fully understands what are the risk, especially in investing their money on altcoin, and just highlighting the "high return" part, because there are a lot of people just following the trend in cryptocurrency and too eager in making as much profits as they could based on what they have seen in various social medias where people are showing off their portfolio in daily basis..

You can barely make some people understand some things until they experience them. A very large number of newbie investors would invest their initial capital in meme coins and shit coins because they have heard meme coins make people millionaires, but as you said, they were educated about the risks involved.

"Seeing is believing", I experienced some profits and loss before I finally be more selective on where I put my money on.

Eventually, experience is the best lesson if we managed to bounce back from the loss that previously happened to us, for me it is better to learn by doing.

[coolcoinz]

I completely agree with you. One of my own threads in this forum section has gained a lot of attention covering the same topic. There are millions of shitcoins and they're a complete waste of time. Bitcoin is the only thing you should have laser eyes for.

And this is absolutely correct. But I want to say that altcoins were not always 95 percent Scam. Previously, back in 2018, many good altcoins came out, investing in which gave a guaranteed Profit.
All projects had an excellent background. And now altcoins are the surest way to zero out your deposit.

The problem is that most legit altcoins will make you lose money and those that aren't legit will surely do the same.

It all depends on how much risk you're willing to take, like holding bitcoin is low risk, but holding it on a centralized exchange increases that risk. It's the same with altcoins, you add layers and layers of risk on top of each other until it becomes what OP calls it - suicidal.

[mich]

>> 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.

Well I do think there is a big difference in a altcoin and a shitcoin. There is thousands of altcoins and alot of them have no use and can become a 'rug pull' at any time.
But tokens like Eth, Solana, and XRP I do not think we can call them the shitcoins. Billions of dollars in the marketcaps and we have to think there is going to be good uses for those. I do no want to say which coins I think are shitcoins but we can find this out if we do some research.

[Mpamaegbu]

>> 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!

Yes, we all know that investment in altcoins carries a lot more risk than doing it in Bitcoin but not having altcoins in this space wouldn't have made much sense. Take ETH for instance and how it has been able to advance the smart contract and given rise to so many projects birthed on its ERC. Without alts there wouldn't be options to choose from and many use cases wouldn't have been established. For me, risk is part of business and a major thing every business should have whether we want it or not. Even Bitcoin has its own down moment. It's not a guarantee that every investment in Bitcoin must yield ROI on short term.

[Peanutswar]

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.

The reason is because if you invest with the bitcoin even it has a large amount of gain and you have a small amount to invest its just a small percentage of your asset, but in altcoins people tend to try to risk their small amount and hoping it will gives to them with a huge profit, its just basic simple of high-risk reward, could be they win, or they lose because possible the project fails, it rugs, honeypot and etc. there's a lot of possibilities. Others want to stick with the bitcoin because they see already the potential and the history itself and the bitcoin never fails to give what people expect through out. As of currently the halving is done the next price of the bitcoin possible will rose up again for sure altcoins will follow so why not accumulate both.