Altcoins are sucidal!!!

[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.

[Wakate]

>> 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.

Thank you for your comprehensive output this but I don't think many of us would want to acre about your write especially when they have been making some profits from investing in altcoins. I don't really see anything wrong with our part of your funds in altcoins because one can really make quick money from it compared to Bitcoin. The major problem that we face as investors in both market is because altcoins could suddenly become rug pull without even our early awareness. This could go bad anytime and all our holdings could run down to zero. There are so many bad projects in the market that had made users to lose so much money because the team are never genuine, only in the crypto market to steal from investors.

[CryptoBuds]

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. 

I agree with you that investing in bitcoin is the safest, but if OP or people say that all altcoins are shitcoins, is that true?

So far, ETH has underperformed Bitcoin and that is true and quite surprising to many. But what about solana, inj...and many other altcoins that also had 10x gains when bitcoin hit new ATH or memecoins like pepe that had 30x gains from 2023 bottom? There are a lot of useless altcoins but there are also a lot of altcoins that are making huge profits, something that bitcoin can't do right now.
So it is stubborn to say that all altcoins are not worth investing in and that stubbornness makes us miss many opportunities, so is it worth it?

[stadus]

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.

Altcoins have always been profitable in the past but gone are those days where altcoins are more profitable than bitcoin. Now, it’s rare to see altcoins in profits since most of the time, once they drop their prices drastically, it would be hard for them to recover again unlike those highly reputable altcoins wherein they may still recover but the price increase is just very slight. That’s why instead of risking their funds into altcoins, investors these days just stick to bitcoin so they can avoid some future losses and maximize their gains if ever.

[shinratensei_]

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.

its the classic problem of too much shitty altcoin diluting the market that people consider altcoin as just shitcoin as a whole, there are indeed many altcoins that are worth investing, so many crypto traders i'm sure most of them already touched altcoins in one way or another.

but the domination of shit coin and low quality altcoin is indeed problematic in giving bad reputation toward altcoin in general.

can't really blame anyone for this, the permissionless nature of smart contracts make anyone can deploy their shitcoin. hopefully things will turn around for better though.

[JamesDaniel90]

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. 

I agree with you that investing in bitcoin is the safest, but if OP or people say that all altcoins are shitcoins, is that true?

So far, ETH has underperformed Bitcoin and that is true and quite surprising to many. But what about solana, inj...and many other altcoins that also had 10x gains when bitcoin hit new ATH or memecoins like pepe that had 30x gains from 2023 bottom? There are a lot of useless altcoins but there are also a lot of altcoins that are making huge profits, something that bitcoin can't do right now.
So it is stubborn to say that all altcoins are not worth investing in and that stubbornness makes us miss many opportunities, so is it worth it?

Bitcoin was a great buy at the bear market lows below $20k.

Altcoins are the better buy now , Bitcoin will 2x possibly 3x but unlikely between now and rest of the bull run but many altcoins will 10x at least in the next 12 months.

[Gladitorcomeback]

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.

Well, it depends on a person's research abilities whether they can find the coins and tokens that can provide them with significant returns on their investments. For most investors in this market, especially the new ones, the case is different. Most people go with the flow which means that they will make investments on projects that they hear about from either their friends and colleagues or somewhere online and don't do any research or anything.

When you are making investments in this way, the profitability of your investments will be a big question mark because you don't even know what you are doing, and you are spending money on a dream with the hope of getting good returns. When you think of entering a financial market, especially if the market is highly volatile and unpredictable, you should make up your mind about learning enough about it before you get financially involved, otherwise, you will learn things the hard way before you reach your destination.

[Crypt0Gore]

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.

Altcoins have always been profitable in the past but gone are those days where altcoins are more profitable than bitcoin. Now, it’s rare to see altcoins in profits since most of the time, once they drop their prices drastically, it would be hard for them to recover again unlike those highly reputable altcoins wherein they may still recover but the price increase is just very slight. That’s why instead of risking their funds into altcoins, investors these days just stick to bitcoin so they can avoid some future losses and maximize their gains if ever.

The cheat code is get in as soon as possible before everyone else, PAAL Ai project did 100x without the help of Bitcoin, Kaspa is another good example, there are few altcoins that outperformed Bitcoin already and they are all new coins, this is why I like presales from Seedify, most of them projects are still in profits till now.

AGI is another good example of altcoins that never go down to their all time low simply because Bitcoin is dumping, the lows are gone forever, it was like when solana was $0.50 per coin years ago, quality is different from quality, find them, and secure your bag.

Look into the coins I made mention, Akash is also a good example.

[DiMarxist]

Altcoins investment can’t yield profit for long term so it’s understandable if anyone choose altcoin for a quick profit. The only problem not all altcoins can be trusted that’s why people are advised to go for reliable investment choice (bitcoin).
 Most people might ask if altcoins can stand as an alternative while investing in bitcoin and it’s not a bad idea if an investor can invest in both. Just know the type of coins you’re dealing with in order to avoid scam project, dca strategy is the most popular strategy used by investors and if anyone should start their bitcoin journey dca is the best.

[Wildwest]

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.

Shitcoin always offers huge profits. When the price can no longer be reached on Bitcoin, you have to have a large amount of capital, so many people turn to Shitcoin. we realize that investing in shitcoins is very risky for our assets even though the profits we get are large and fast in the short term, The safest investment is only in Bitcoin and altcoins under the Bitcoin network, while Shitcoins are at risk of dying in the long term.

[Silberman]

Financially, investing in Bitcoin is very appropriate and promising in the future, many consider altcoins to be very far away from Bitcoin in terms of current investments.

 Actually, having money saved in altcoins that already have quality in the market with external exchange can also provide greater profits as long as you are brave enough to put money in and are prepared to lose the most important thing, don't collect too many new altcoins, most of the new altcoins after the hype will become shitcoins.

If there are people out there that want to trade altcoins that is their decision, but to save your money in altcoins is a terrible choice, way worst than keeping your savings on fiat, so all of those people need to be discouraged from taking that choice, however since the potential to make money faster than with bitcoin exist, even if it is an unlikely possibility, scammers will keep exploiting that fact and release as many shitcoins as possible, luring unsuspecting victims and ruining them in the process.

[davis196]

>> 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 people are free to do whatever they want with their own money. If they want to invest in shitcoins, let them invest in shitcoins.
I can't agree about shitcoins offering higher "growth potential". I don't like the term "growth potential" in regards to shitcoins.
A shitcoin is a shitcoin. It doesn't matter if it's price hits 10K USD per coin today, the shitcoin would most likely become worthless tomorrow.
It's like investing in penny stocks and expecting the stock price to increase 100x instead of buying Microsoft or Amazon stocks.
Some investors prefer security and reliability, while other investors are greedy and want bigger risk.

[kro55]

Financially, investing in Bitcoin is very appropriate and promising in the future, many consider altcoins to be very far away from Bitcoin in terms of current investments.

 Actually, having money saved in altcoins that already have quality in the market with external exchange can also provide greater profits as long as you are brave enough to put money in and are prepared to lose the most important thing, don't collect too many new altcoins, most of the new altcoins after the hype will become shitcoins.

You need to differentiate and separate between investing and saving, they are not the same. Investing can bring you profit but can also cause you to lose and even lose everything. Meanwhile, savings is where you store assets for the future or emergencies, so saving money in altcoins would be a bad idea. Altcoins are very risky, they are suitable for speculation and not for long-term investment, let alone saving.

Also, when investing in altcoins, whether new or old, careful research is required before investing. There is no guarantee that old altcoins won't become shitcoins or disappear.

[TatsuyaJemi]

>> 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, I understand, if I had invested in Bitcoin 10 years ago, I would be a millionaire today. Bitcoin is really the best currency which is much better than other coin. And when it comes to investment, it is above all. And using DCA method it gives much better profit if held for long time.

[wiss19]

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

I completely agree with you. People first invest in meme coins and shit coins, suffer losses, and then say that all altcoins are bad. When a person is deceived by one thing, all similar things seem bad to them, whereas the reality is just the opposite. I trade in healthy coins and have always made a profit.

Those who suffered losses were trading in meme coins or such altcoins that were already dead. Then, when they suffer losses, they say that the crypto market is a scam, a gamble. But the reality is that whenever we suffer losses, it's due to our ignorance. Unless we do thorough research, investing in the market will only result in losses.

Some additional points to consider:
- Doing your own research and due diligence before investing in any cryptocurrency is essential.
- Don't invest in coins just because they have a low price or a catchy name.
- Be cautious of hype and FOMO (fear of missing out).
- Diversify your portfolio to minimize risk.
- Keep yourself updated with market trends and news.
- Don't invest more than you can afford to lose.
- Consider seeking advice from financial experts or experienced traders.

[SickDayIn]

There's a reason they're commonly referred to as "shitcoins" rather than Altcoins. It's a waste of time, fuelled by owners that only live for greed, not philosophy.

[dansus021]

Altcoins are sucidal!!! Yes but not altcoin are suicidal other altcoin like etherum give you a good return and of course everything carried a risk, heck investing bitcoin is risky some people said that crypto investment is risky because it's volatile.

For me investing in altcoin is okay but remember to do your own research first rather than cry later.

Investing in shitcoin and memecoin  its just for degen an for fun only hahhahahhahah

[SmartGold01]

Altcoins are sucidal!!! Yes but not altcoin are suicidal other altcoin like etherum give you a good return and of course everything carried a risk, heck investing bitcoin is risky some people said that crypto investment is risky because it's volatile.

For me investing in altcoin is okay but remember to do your own research first rather than cry later.

Investing in shitcoin and memecoin  its just for degen an for fun only hahhahahhahah

People and their choice of investment because there are people who loves investing in altcoin while there are some people who loves Bitcoin and of course bitcoin is far more secure and reliable than any other coins out there. When you hold bitcoin it gives you that confident that you are secure even though the market dip so hard you would never feel so lose because whenever the market rises again you recover your investment, unlike altcoin that doesn't recover so easily you would need to wait or most time the owner has already pulled out the liquidity leaving an empty coin for you.

[Easteregg69]

The market is ruined by self-sufficient Asians doing regulatory stuff.

It's killing it.

PS. I got some cheap Chang ADA. On topic.

[Easteregg69]

>> 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.

It's taxable if it comes with a speculative purpose. FIFO ruins everything.