Altcoins are sucidal!!!

[adaseb]

Altcoins, especially the small caps are no different than penny stocks. People buy them because they think it will 1000x but instead they lose 99% of their value, eventually the last exchange delists them due to non activity and it becomes a 100% loss. They are great in bull markets, especially back in 2017, where people made 100x instead of 10x from Bitcoin, but they are horrible if you buy them at the wrong time and dont get out.

When there is a huge crash, usually BTC loses 10% or so, but alts are known to lose 35% or more in a day, and its not easy for them to regain that value back. There are some that survive like SOL but its a rare case and most just end up going nowhere and people become bag holders for life.

[As-Soon-As]

>> 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.

People who keep bitcoins and invest in altcoins are basically the worst fools in the modern age, because investing in bitcoins has the most benefits and the least risk. Those who have invested in Bitcoin have largely succeeded, and those who have invested in Altcoins have failed because Altcoins are constantly being wiped out of the market. 

There are hundreds of proofs that many Altcoin investors have lost money, so don't fall into this risky trap. Invest in Bitcoin knowing that it will be profitable and successful, many successful investors who have invested in Bitcoin are still alive today and ready to invest more money in Bitcoin. So choosing DCA method to invest Bitcoin is best and success is guaranteed.

[fuguebtc]

>> 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.

People who keep bitcoins and invest in altcoins are basically the worst fools in the modern age, because investing in bitcoins has the most benefits and the least risk. Those who have invested in Bitcoin have largely succeeded, and those who have invested in Altcoins have failed because Altcoins are constantly being wiped out of the market. 

There are hundreds of proofs that many Altcoin investors have lost money, so don't fall into this risky trap. Invest in Bitcoin knowing that it will be profitable and successful, many successful investors who have invested in Bitcoin are still alive today and ready to invest more money in Bitcoin. So choosing DCA method to invest Bitcoin is best and success is guaranteed.

What about altcoins like ETH, BNB or ADA? Those are just a few and there are still many altcoins that exist today. Do you think people investing in these altcoins are stupid when they make thousands of percent returns just like bitcoin investors? The altcoin market is very risky but not all of them are wiped out or disappear in a short time, don't generalize and assume that all are scams.

To me, the dumbest people in this market are those who don't make money, don't make more money than others and start envying and badmouthing others. How can altcoin investors be called stupid when they make higher returns than us?

[Fivestar4everMVP]

>> 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 made a very terrible mistake of recent, though not really of recent since it's already like half a year or so, i took a loan from one of the users on this, a loan of around $1500, invested the money in an Altcoin I had really high hopes on believing that altseason was coming since bitcoin was already above $70,000 at the time, I thought we were about to go into another mega bull run, but unfortunately, I thought wrong.

Long story short is that, I invested that money when the price of the Altcoin was $0.24, but currently as I type this comment, the price of that same Altcoin is now around $0.032, my $1,500 is down to almost nothing, currently around $200, this by far is the worst investment experience I've had, and right now, I have to struggle and pay off the loan money plus the interest.

Telling this maybe someone will learn from it, I should create a thread on this actually, this i will do later..
I really wished I had invested that money on bitcoin, even though the price of bitcoin have also dropped, I wouldnt have lost this much still.

[MeGold666]

People are putting money in absolute trash projects and then call all altcoins shitcoins 

[Fivestar4everMVP]

People are putting money in absolute trash projects and then call all altcoins shitcoins 

Aside my bad experience with some Altcoins (not all please), you have to know that bitcoin alone can't attend to the entire worlds population cryptocurrency needs, count the many times the bitcoin network has been congested due to several transactions trying to pass through the blockchain verification at the same time, what did that lead to? It lead to exorbitant transactions fees where some people have to pay as high as $1,500 just to get a confirmation on bitcoin worth a mere $100, how does that sound to you?

If all the numbers that are in crypto today were all being served by bitcoin alone, do you think you and I would have had the chance to even afford a bitcoin transaction fee? Let alone own bitcoin itself?

Understand that a tree does not make a forest, Altcoins, some Altcoins have contributed greatly to the success of bitcoin and the entire crypto currency Ecosystem and market at large, this is a fact whether you accept it or not.

[MeGold666]

People are putting money in absolute trash projects and then call all altcoins shitcoins 

...
Understand that a tree does not make a forest, Altcoins, some Altcoins have contributed greatly to the success of bitcoin and the entire crypto currency Ecosystem and market at large, this is a fact whether you accept it or not.

This is what I had in mind, just because 99% of altcoins are shitcoins, does not mean 100% are useless 

[Just Say]

People who keep bitcoins and invest in altcoins are basically the worst fools in the modern age, because investing in bitcoins has the most benefits and the least risk. Those who have invested in Bitcoin have largely succeeded, and those who have invested in Altcoins have failed because Altcoins are constantly being wiped out of the market.  

What do you mean by saying they are the worst fools in modern age investing in alt coins?  That means are you saying that we should not invest in altcoins? Maybe you need correction because there are many examples of people who have been able to make a lot of money by investing in altcoins. Yes investing in alt coins is risky doesn't mean investing in these coins would be the worst fool. Profits will be earned if you invest in potential altcoins like BNB, Ethereum, Solana, Litecoin and hold for a long time.

Investing in potential alt coins has less risk. But if you invest in Memcoins or Shitcoins there is a high risk of losing your money.

[rhodelmabanal]

>> 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 are right i also prefer bitcoin than shitcoins or meme coins, it is because the bitcoin is proven and tested for a long time and it never disappoint its holder it gives huge amount of profit, while in altcoins, meme coins, and shitcoins investment is mostly failed, but there are still investors who wanted to try to invest on this coins, it is maybe because there are also a big profit on it depending on our strategy or how we deal with this coin to make a earnings, there are failed but i believe there are also investors who become millionaire because of some op altcoins so we cannot blame them if they still invest on those coin.

[JamesDaniel90]

>> 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 have been in crypto just over 2 years and 90% of the time i have been invested in altcoins.

I am just a normal guy and don't have a lot to invest each month so for me the risk of altcoins is worth it - I am not going to 10x or 20x my money with Bitcoin anytime soon but with altcoins this is easily possible.

Looking at my portfolio, I have a few that are currently 60% down but I have hit a few winners giving me 10x and one which gave me a 30x so I am in profit currently overall and we still have the bull run peak months to come over the next 6 months or so so things are looking good.

Bitcoin is great if you have a lot of money to invest, my plan is to use quite a bit of my altcoin profits I make from this bull run to then invest in Bitcoin in the next bear market in 2026 and then hold Bitcoin till 2030 at least.

[Crypt0Gore]

>> 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.

After everything, what you failed to add up is that it worth the risk in the end, way better than visiting a casino and start gambling, because if you end up selecting some very good altcoin you will make insane amount of money, Kaspa and very few numbers of alt did 100x this bear market if you get in since 2022-2023, Bitcoin can't give you this numbers, let's put aside the fact that Bitcoin is the safest, I accept this, but if you aren't lazy about doing your own research very well you will reap big gains.

learn how to identify good ones, play your cards using diversification and sit back, this should not stop you from having some Bitcoin as well but most of your gains will come from altcojns.

[Cryptoverse24]

But Altcoins can be life-changing too,if you invest in them at the right time.You cannot expect 5 time or 10 times appreciation in bitcoin's value now,but there are many Altcoins that could give you that kind of returns.

[Mame89]

People who keep bitcoins and invest in altcoins are basically the worst fools in the modern age, because investing in bitcoins has the most benefits and the least risk. Those who have invested in Bitcoin have largely succeeded, and those who have invested in Altcoins have failed because Altcoins are constantly being wiped out of the market.  

What do you mean by saying they are the worst fools in modern age investing in alt coins?  That means are you saying that we should not invest in altcoins? Maybe you need correction because there are many examples of people who have been able to make a lot of money by investing in altcoins. Yes investing in alt coins is risky doesn't mean investing in these coins would be the worst fool. Profits will be earned if you invest in potential altcoins like BNB, Ethereum, Solana, Litecoin and hold for a long time.

Investing in potential alt coins has less risk. But if you invest in Memcoins or Shitcoins there is a high risk of losing your money.

I don't think everyone who invests in altcoins is stupid, because there are some altcoins that have good fundamentals for the long term as you mentioned. It's just that many novice traders who invest in altcoins actually lose, actually this is all their own fault because they don't do research first and the worst thing is that these novices invest in new altcoins. Many can profit from altcoins and many also lose from altcoins. Most altcoins are not for the long term, so if you don't have the skills to analyze altcoins, it's better to invest in bitcoin because bitcoin has been tested from the past until now.

Altcoins are deadly, it's true, especially if there is no good research and understanding. Altcoins are also not for the long term, if you want to invest with small risks and want to create financial freedom in the future, then bitcoin is better than altcoins.

[Raflesia]

I agree that investing in altcoins comes with significant risks, and it's crucial to conduct thorough research before making any decisions. However, it's important to note that not all altcoins are "shitcoins." Many have promising projects and real-world applications.

The problem lies in risk because whatever you call it, whether it's altcoin or shitcoin, everything is the same where they have a much greater risk than bitcoin so that the damage effect will be more pronounced if we are in altcoin compared to bitcoin.

Indeed, we are free to choose whatever we like, be it bitcoin or altcoin because indeed everything depends on their respective choices but in the end we must also have greater consideration in the end whether what we do is worth it or not with the final result later.
If talking about bitcoin and the goal is long-term then I can answer that it is very worth it but in the end when the choice is altcoin then I can't consider it worth it or not so the choice in this case becomes important whether it is worth doing or not for us as long-term investors.

[eightdots]

I agree that investing in altcoins comes with significant risks, and it's crucial to conduct thorough research before making any decisions. However, it's important to note that not all altcoins are "shitcoins." Many have promising projects and real-world applications.

The problem lies in risk because whatever you call it, whether it's altcoin or shitcoin, everything is the same where they have a much greater risk than bitcoin so that the damage effect will be more pronounced if we are in altcoin compared to bitcoin.

Indeed, we are free to choose whatever we like, be it bitcoin or altcoin because indeed everything depends on their respective choices but in the end we must also have greater consideration in the end whether what we do is worth it or not with the final result later.
If talking about bitcoin and the goal is long-term then I can answer that it is very worth it but in the end when the choice is altcoin then I can't consider it worth it or not so the choice in this case becomes important whether it is worth doing or not for us as long-term investors.

The market gives us the freedom to choose what we want. Making decisions based on the opinions of others when investing can be a mistake. You need to research and analyze what you are going to invest in. Every investment brings with it a certain amount of risk. It is the person's own decision to decide according to the size of this risk. Every decision has a consequence and if we want the decisions taken to produce good results, we should do research when making decisions.

We should do good research in altcoin investments and be careful when investing according to risk. Not all altcoins carry the same risk, there are altcoins that can be a good investment, but there is always risk.

[dunfida]

I agree that investing in altcoins comes with significant risks, and it's crucial to conduct thorough research before making any decisions. However, it's important to note that not all altcoins are "shitcoins." Many have promising projects and real-world applications.

The problem lies in risk because whatever you call it, whether it's altcoin or shitcoin, everything is the same where they have a much greater risk than bitcoin so that the damage effect will be more pronounced if we are in altcoin compared to bitcoin.

Indeed, we are free to choose whatever we like, be it bitcoin or altcoin because indeed everything depends on their respective choices but in the end we must also have greater consideration in the end whether what we do is worth it or not with the final result later.
If talking about bitcoin and the goal is long-term then I can answer that it is very worth it but in the end when the choice is altcoin then I can't consider it worth it or not so the choice in this case becomes important whether it is worth doing or not for us as long-term investors.

The market gives us the freedom to choose what we want. Making decisions based on the opinions of others when investing can be a mistake. You need to research and analyze what you are going to invest in. Every investment brings with it a certain amount of risk. It is the person's own decision to decide according to the size of this risk. Every decision has a consequence and if we want the decisions taken to produce good results, we should do research when making decisions.

We should do good research in altcoin investments and be careful when investing according to risk. Not all altcoins carry the same risk, there are altcoins that can be a good investment, but there is always risk.

When we are tending to make out some investment then it would really be just that right that you should really be that trusting up your own liking and preference rather than on listening with other people suggestions
and recommendations. Somehow there would really be times that it will really be that something relevant on trying to snip out some ideas from other people specially on investing or simply that in connects
about on how to make some analysis and other correlated things. When it comes into the word suicidal then it cant really be that denied that on the time or moment that you do step your foot into this market.
Making up some investment would really be that entirely be depending on you on how you do make out some decisions on which project you would really be planning on investing into.

The good thing about dealing up with altcoins is that you could make profits which is more than on what you can obtain or earned on simply choosing Bitcoin. Although it wont really be that something that been forcing you out on what you should invest but it would really be that best that diversification would really be that something relevant on this case. It would really be that important that risk taking factor should really be
your main consideration. We do have those gems on crypto space but detecting out on which one specially into those early time or moment then it would really be that hard to choose up.

[Odusko]

From the beginning, altcoins where created for gamble since majority of them are just based on speculations without any real usercase that is why there have been a lot of pump and dump coins all over the market, some of you want to buy altcoins you should know that you are not going to have a long term investment potential since it price could go from zero to 100 and from 100 to zero and that is what altcoins are all about, so we shouldn't give those coins any much attention, and if you looking for an investment then Bitcoin and a few others coins are the most likely point of reach for such investment.

I know most newbies may think that Bitcoin is already too expensive for them to buy the whole units and that is why their ignorantly dive on altcoins which will lead them to they loses on the long run unless they are lucky, and also there was a time when altcoins hard a boom in their market, around 2016 -2017, this also have created false positive results around altcoins for most newbies.

But for those that have been around in the market for a while, we know how the whole game is played as far as cryptocurrency is concern and we know the position where altcoins can play a role, but above all, altcoins is not the best form of investment as far as cryptos concerned.

[The Cryptovator]

Investing in altcoin is a kind of gambling. I have seen a lot of shitcoin never recover, even Bitcoin recover the price. It's true sometimes altcoin pumped hard, but very rarely that happens. That's why investors gamble with shitcoin. I can see even Ethereum didn't grow compared to Bitcoin growth. So for that reason, I feel investing in bitcoin is safer than investing in altcoins. Even at a at a price dump, it recovers so quickly sometimes where altcoins don't react accordingly. 

[Issa56]

People who keep bitcoins and invest in altcoins are basically the worst fools in the modern age, because investing in bitcoins has the most benefits and the least risk. Those who have invested in Bitcoin have largely succeeded, and those who have invested in Altcoins have failed because Altcoins are constantly being wiped out of the market. 

I don’t insult anyone that prefers altcoin investments over bitcoin, if I can advise them about bitcoin investment and they don’t listen, then all I do is allow them to invest in whatever they want, they have a reason for that, so they shouldn’t be insulted. But the risk in investing in altcoins is just high, if anyone is holding a coin for a very long period of time, then it’s just better to invest in bitcoin and not altcoins, because anything can happen to altcoins at any moment, and it’s going to be painful to hold a coin for so long, but later to discover that everything is gone or doesn’t even have value when you want to sell.
 
So it’s just better to invest in bitcoin and have peace of mind. If you're investing in bitcoin, just make sure you don’t leave your investment on exchange and make sure your wallet is properly secured, and you won’t end up regretting why you invested in bitcoin.

[Churchillvv]

Hope you aren't saying all altcoins are shitcoins? because they are basically useful too, in as much as I love bitcoin but that doesn't mean I will have to make a worship out of bitcoin. Altcoins have their own use case and the server a purpose in the community which is an opportunity that alot of people have grabbed already, if we had considered all altcoins as shitcoin just the way you're assuming those who had buy Ethereum and profited and are still profiting from it wouldn't have gotten anything but for the fact that we understand that altcoins too have a potential to make you good profit that's why people buy them too.

OP you can decide not to put a dime in any Altcoin it's your own but I will just have to let you know that altcoins are not useless, but it's also true that we have some useless and shitty coins too but we can't generalize all altcoins to be shitcoins.