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Author Topic: Altcoins are sucidal!!!  (Read 1691 times)
SmartGold01
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September 06, 2024, 01:44:49 PM
 #141

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  Grin Grin Grin 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.

High risk high return, you can lose heavily if the project you invest in never recovers and the project owner abandons the project. But if you choose the right project then you can make huge profits that bitcoin cannot bring, and how to choose the right project will depend on your knowledge and experience. If you can't do it, it doesn't mean someone else can't.

Bitcoin investors laughing at or criticizing altcoin investors reminds me of what traditional investors used to do to bitcoin investors. But as a result, traditional investors are regretting their actions as bitcoin investors have made huge profits.
Honestly, I don't understand what's the point of criticizing each other and laughing at others? Everyone has their own choices and why can't we respect each other's decisions? Do we gain more profit than others by laughing at and criticizing others?
To me greatest understanding nobody is criticising each others rather anyone in better position more than the rest, to me why people often dislike altcoin is due to it's volatility nature and dump even more than bitcoin because some of the well known altcoin as then never comes up anymore because the project owner never seems too pleasing with it or has decided to pull out the liquidity and leave empty project there.

But so far in the history of Bitcoin never heard that liquidity was pulled out of bitcoin and people lost their investment or maybe bitcoin dumped and never comes up again. Let me say this, of other altcoin could be trustworthy like bitcoin without even dumping on their investors nobody would talk about altcoin or even warned people to be very vigilant with altcoins, the reason why most people don't even think of mentioning altcoin to their hearing or earing is because of what experience they hard already gained before and wouldn't want anyone else to have same experience. But if they insist of going into that then whatever that may comes out of it doesn't directly or indirectly affect anyone it's at their own dispensation.

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September 06, 2024, 02:29:51 PM
 #142

As the first decentralized crypto asset, Bitcoin has successfully built the foundation that underpins the entire Cryptocurrency ecosystem today. Despite price fluctuations, bitcoin has maintained a long-term upward trend and has managed to attract the attention of institutional investors and individual traders looking for asset diversification in Crypto investments. While Altcoins are still very vulnerable to risk due to rapid fluctuations and their prices are very easy to manipulate and have a lower market capitalization than Bitcoin.

Investing in altcoins is highly susceptible to higher risks as the market is less liquid and more prone to volatility. Additionally, many altcoins do not have the recognition or adoption rates of bitcoin, so the potential for value declines is much greater and can expose investors to significant risk. Investors need to dig deeper into their knowledge before deciding what type of asset to invest in, Bitcoin is the best choice for now and in the future.
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September 10, 2024, 06:58:23 AM
 #143

Investing in altcoins is highly susceptible to higher risks as the market is less liquid and more prone to volatility. Additionally, many altcoins do not have the recognition or adoption rates of bitcoin, so the potential for value declines is much greater and can expose investors to significant risk. Investors need to dig deeper into their knowledge before deciding what type of asset to invest in, Bitcoin is the best choice for now and in the future.
Whether Bitcoin or altcoins are the best choice depends on what a person has in mind. Everyone will have different financial goals and targets, and they should be able to do enough research to conclude being able to choose the asset type that best suites their needs.

Bitcoin can't be beaten if someone needs an asset that they can buy and hold for the long term so that their investment can grow over time and they don't care about short-term price volatilities.

However, those who are looking for quick profits, who can't wait for years or months before they see their investment grow but need to earn money quickly so that they can either spend or use it to multiply their capital, should go for altcoins due to their nature being more volatile when compared to Bitcoin.
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September 10, 2024, 07:23:28 AM
 #144

There are definitely risks to investing that no one can deny. However, the investment that can reduce the level of risk and whether the investment is safe or not, the investor must have an idea in advance. Investing in Bitcoin is risky but safer than altcoins or some other assets. If the investors hold the investment here for long term then their risk is reduced further. Because Bitcoin becomes more valuable in the long run. Altcoins, on the other hand, make investors greedy. They also adopt a strategy of stealing investors' money by promising high profits. Although scams are not organized in all altcoins but it cannot be said for sure which one is safe. Bitcoin is the best choice for investment if you want to hold the investment money and get long term profit. Those who are prudent investors give more priority to the safety of their investment rather than high profits.

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September 10, 2024, 09:20:02 AM
 #145

~Snip
If we compare bitcoin with shitcoin, it is clear and certain that bitcoin is much better than shitcoin. Because bitcoin is an investment asset that we can completely trust, it has been proven that to date bitcoin has not disappointed anyone who faithfully invests in it. So if we talk about crypto investments, bitcoin is definitely number one. But I also can't say that investing in shitcoins is bad, because if we can analyze shitcoins carefully, we can have a little chance of making a profit. But as you say, shitcoins do have quite a big risk. So if we invest in shitcoins, we definitely have to be prepared to lose money. Because investing in shitcoins is the same as risking our assets.

But if for example we are lucky, the profits we get from investing in shitcoins can usually be very large. Because most shitcoins have really cheap prices, so even with not too much capital, if you're lucky you can double your money. But even so, investing in shitcoins is not recommended by most people (crypto traders or investors). So in essence, shitcoin investment is only intended for people who are ready to lose their money, are good at analyzing the market, and also have high mental readiness. Because as we know the risk is quite large.

So if you want to invest safely, doing DCA on bitcoin is the solution. Indeed, if for example the capital or money that we have accumulated in Bitcoin is not very large, within a period of 1 to 5 years, we will definitely not get much results. But if we continue to carry out DCA regularly for at least 10 years, I am sure the results or profits obtained from Bitcoin will definitely be quite large. So it's better to go slowly with satisfactory results, rather than quickly but with huge risks.

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September 10, 2024, 01:11:15 PM
 #146

Alt coins can be very luctrative, but can indeed also prove worthless. You should always be aware of this when investing. And the most important rule remains, only invest with money you don't need and can possibly spare.
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September 10, 2024, 02:13:44 PM
 #147

Investing in altcoins is highly susceptible to higher risks as the market is less liquid and more prone to volatility. Additionally, many altcoins do not have the recognition or adoption rates of bitcoin, so the potential for value declines is much greater and can expose investors to significant risk. Investors need to dig deeper into their knowledge before deciding what type of asset to invest in, Bitcoin is the best choice for now and in the future.
Whether Bitcoin or altcoins are the best choice depends on what a person has in mind. Everyone will have different financial goals and targets, and they should be able to do enough research to conclude being able to choose the asset type that best suites their needs.

Bitcoin can't be beaten if someone needs an asset that they can buy and hold for the long term so that their investment can grow over time and they don't care about short-term price volatilities.

However, those who are looking for quick profits, who can't wait for years or months before they see their investment grow but need to earn money quickly so that they can either spend or use it to multiply their capital, should go for altcoins due to their nature being more volatile when compared to Bitcoin.

Totally depends on your preference or choices or simply with risks taking because we can't really be able to deny whether Bitcoin or altcoins then it could really that potentially give out that kind of chance or probabilities that you could make profits but of course it will really be that depending on how well you do make trades and we do know that it's not something simple.The thing I would consider to be suicidal is on dealing with meme coins rather than into those projects which does have some utility but of course even with those altcoin will not be guaranteeing success or profits and that's why it's really that important that you should be wary about that manner.

Invest on what you can afford to lose as always on which this is something the primary or golden rule when you do tend to dive or would really be planning to have some dealing with crypto investments which we know that it's volatile and unpredictable.This is really that survival of the fittest and to those can't be able to bare out about the risks involved then this market isn't for you.

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September 11, 2024, 06:54:53 AM
 #148

Well your opinions are specific to you currently because people are cashing out big time
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September 11, 2024, 01:03:17 PM
 #149

Let's face it you can't get rich from buying and holding bitcoin. 10-15 years ago yes but not now. That's why people opt for altcoins.

Cryptostats.es
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September 11, 2024, 03:10:58 PM
 #150

Let's face it you can't get rich from buying and holding bitcoin. 10-15 years ago yes but not now. That's why people opt for altcoins.

Exactly - this is my first bull run and im here to make some decent money and I am not going to do that investing in Bitcoin I have to take risk.

If the risk pays off this bull run then my plan is to buy Bitcoin in the next bear market in a few years with my altcoin profits.
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September 11, 2024, 06:47:37 PM
 #151

Let's face it you can't get rich from buying and holding bitcoin. 10-15 years ago yes but not now. That's why people opt for altcoins.
Buying bitcoin currently, more like running at a loss because the market is filled with high tension of volatility which is not good for the system. 10-15 years ago, bitcoin was valued low and gives opportunities for people to bagged it in huge quantities but most people underestimate the project, because crypto was yet to break through into the limelight. Forward to today, Bitcoin is important for the pressing survival of most investors, probably referring to the longterm bitcoin holders, they're eating the fruits of their hard earned labor. Hence, Only the strong survives in the space, it's either you go hard or go home. Getting rich from bitcoin would be possible if we're holding on bitcoin during the bear season, I know it's been really a rough one for vast majority of these traders. Altocins are one of the basics of cryptocurrency and the presence of altcoin sectors generates more traffic and brings about popularity.
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September 11, 2024, 10:18:03 PM
 #152

:://:::

Our horizon of ideas based on conclusions is not always the north, some invest in Alts because yes, it is that simple, on the other hand everyone has the right to see "profits" where they think they will have them, and many love Alts for that reason.

BTW, would you believe that there are people who invest in shitcoin and do not know that a crypto like bitcoin exists, I did not read it, I met someone who has always had ETH, and is so carefree with his investment, which came to him from debt payments, that he does not even bother to know its value (ETH).

In any case, it is a very sensationalist title (OP), how about "inform yourself, and do not die trying"  Smiley

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September 11, 2024, 10:19:51 PM
 #153


High risk high return, you can lose heavily if the project you invest in never recovers and the project owner abandons the project. But if you choose the right project then you can make huge profits that bitcoin cannot bring, and how to choose the right project will depend on your knowledge and experience. If you can't do it, it doesn't mean someone else can't.

Bitcoin investors laughing at or criticizing altcoin investors reminds me of what traditional investors used to do to bitcoin investors. But as a result, traditional investors are regretting their actions as bitcoin investors have made huge profits.
Honestly, I don't understand what's the point of criticizing each other and laughing at others? Everyone has their own choices and why can't we respect each other's decisions? Do we gain more profit than others by laughing at and criticizing others?
The choice is yours to make, is either you choose to jump on the high risk with anticipating results of profits, or you remain with the more stable assets like Bitcoin, although the resultant profits differs in significant proportion, while altcoins are which risk and high rewards, Bitcoin on the other hand is low risks but with low profits, since the price of Bitcoin is quite high and expensive to be able to accumulate the needed Satoshis that could trigger a higher profit turn over when and if the market goes in upward directions.

This is what most investors have to consider before diving on Bitcoin or altcoins, and also we have to take altcoins as gambling because investors can go from zero to 💯 and at the same time go the opposite also, so anything can happen as long as altcoins is concerned.

Before you chooses to invest in altcoins, you have to first of all determine to either lose all you investment because altcoins have a lot of factors that affect their success in the market which is why the rate of dead coins are rampant.

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September 12, 2024, 01:27:52 AM
Last edit: September 12, 2024, 02:21:58 AM by Raflesia
 #154

Let's face it you can't get rich from buying and holding bitcoin. 10-15 years ago yes but not now. That's why people opt for altcoins.
Buying bitcoin currently, more like running at a loss because the market is filled with high tension of volatility which is not good for the system. 10-15 years ago, bitcoin was valued low and gives opportunities for people to bagged it in huge quantities but most people underestimate the project, because crypto was yet to break through into the limelight. Forward to today, Bitcoin is important for the pressing survival of most investors, probably referring to the longterm bitcoin holders, they're eating the fruits of their hard earned labor. Hence, Only the strong survives in the space, it's either you go hard or go home. Getting rich from bitcoin would be possible if we're holding on bitcoin during the bear season, I know it's been really a rough one for vast majority of these traders. Altocins are one of the basics of cryptocurrency and the presence of altcoin sectors generates more traffic and brings about popularity.
It becomes ridiculous when buying bitcoin is considered a loss because of its large volatility, then what is suggested against altcoins that makes sense? precisely when talking about risk we must realize that the situation of being in bitcoin and altcoin is certainly different and altcoin is clearly more risky than altcoin.

Come on, we don't need to look back 10 years or 14 years ago where bitcoin was just created because in the end it is useless and we will not be able to feel that (buying bitcoin at pennies back) but in the end we can still focus on continuing this for the remaining benefits.
Bitcoin is still being stored and the supply is still there and it's still quite a while before it runs out so the price of bitcoin is still possible to be higher if you look at the progress and process that has happened in the last decade. We just need to recreate that with the belief that the price of bitcoin can be even higher than now because in the end referring to regrets in the past but not having the desire to change for the better in the future is just a stupid situation and forever you will not be able to get any profit from bitcoin.

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September 12, 2024, 02:37:34 AM
 #155

Shit coin investment is risky but it shares a lot of profit among the investors which is why people invest here more. Altcoin investment gives high amount of profit in short period of time due to which investors invest here to earn more profit even though it is risky but still investors invest here. I think altcoin investment is not risky for short term but it is very risky when it can be held for long term. In particular I invested in altcoins a few months ago instead of bitcoins and the price of those coins did not rise but fell and I am among the losers. Although still a lot of loss in my investment but I hold it may not be possible for me to recover from here and I have to face losses from here. In that case I think it is best to invest in bitcoin as it is risk free and very good profit can be made from bitcoin in future.

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uswa56
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September 12, 2024, 07:00:16 AM
 #156

Shit coin investment is risky but it shares a lot of profit among the investors which is why people invest here more. Altcoin investment gives high amount of profit in short period of time due to which investors invest here to earn more profit even though it is risky but still investors invest here. I think altcoin investment is not risky for short term but it is very risky when it can be held for long term. In particular I invested in altcoins a few months ago instead of bitcoins and the price of those coins did not rise but fell and I am among the losers. Although still a lot of loss in my investment but I hold it may not be possible for me to recover from here and I have to face losses from here. In that case I think it is best to invest in bitcoin as it is risk free and very good profit can be made from bitcoin in future.

It is true that investing in shit coins will be very risky and can get big profits but we must understand the shit coins well so as not to suffer losses from investing in the shit coins and I agree with you that shit coins will be very risky when choosing to maintain in the long term and it is good for us to immediately take profits after seeing the profits we have gotten from investing in shit coins This is because we cannot know for sure after the decline whether the coin will improve in price again.

If you still choose to keep the asset, of course you are very ready for all possibilities that will happen in the future, therefore we must be very careful in choosing the shit coins that we will invest, choosing to invest in Bitcoin is always the right choice to maintain in the long term, but we must first have a plan before running an investment in the long term.
Outhue
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September 12, 2024, 11:33:16 AM
 #157

This discussion looks like something that will never end, criticisms from Bitcoin lovers is what I can't stand, I am into Bitcoin and altcoins, so far since 2017 altcoins have given me the biggest return, many BTC maxis don't like hearing this but it is the truth, a $100 invested in fantom turned $60,000, gone are the days when Bitcoin could do such.

I understand that it is not too late to get some Bitcoin, but someone buying Bitcoin at 50k now isn't as great as someone who bought Bitcoin for $1 each. The fact is this crypto space still brings similar new opportunities to us, why not just embrace the new opportunities as well? Some people are talking about how hard it is to find the right altcoin, when has it been easy to be in crypto?

As a Bitcoin beginner, you need to do good research, ask questions, understand the difference between open source and closed source, etc, are these not deep research? Bitcoin survived and did what was promised out of the box (decentralisation) but there are many alternative coins that have done something similar too, BNB, Polygon, Cardano, etc, why the hate? These new alternatives still created many new millionaires after all.

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legendbtc
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September 12, 2024, 03:21:18 PM
 #158

Shit coin investment is risky but it shares a lot of profit among the investors which is why people invest here more. Altcoin investment gives high amount of profit in short period of time due to which investors invest here to earn more profit even though it is risky but still investors invest here. I think altcoin investment is not risky for short term but it is very risky when it can be held for long term. In particular I invested in altcoins a few months ago instead of bitcoins and the price of those coins did not rise but fell and I am among the losers. Although still a lot of loss in my investment but I hold it may not be possible for me to recover from here and I have to face losses from here. In that case I think it is best to invest in bitcoin as it is risk free and very good profit can be made from bitcoin in future.

I am not a bitcoin maximalist and I also invest in altcoins but I disagree with what you said: Investing in altcoins is risky even in the short term and the risk becomes even greater when you hold them for the long term. Or to put it bluntly, investing in altcoins is like gambling and risks can happen at any time. And I also disagree when you say that investing in bitcoin is risk free whether you are talking about long term or short term. Any investment that can bring profit can also make us lose, the higher the profit, the greater the risk and Bitcoin is no exception.

Even an asset that has been around for thousands of years like gold and people say it is risky, bitcoin is nothing and has no guarantees.
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September 12, 2024, 05:10:43 PM
 #159

Shit coin investment is risky but it shares a lot of profit among the investors which is why people invest here more. Altcoin investment gives high amount of profit in short period of time due to which investors invest here to earn more profit even though it is risky but still investors invest here. I think altcoin investment is not risky for short term but it is very risky when it can be held for long term. In particular I invested in altcoins a few months ago instead of bitcoins and the price of those coins did not rise but fell and I am among the losers. Although still a lot of loss in my investment but I hold it may not be possible for me to recover from here and I have to face losses from here. In that case I think it is best to invest in bitcoin as it is risk free and very good profit can be made from bitcoin in future.

I am not a bitcoin maximalist and I also invest in altcoins but I disagree with what you said: Investing in altcoins is risky even in the short term and the risk becomes even greater when you hold them for the long term. Or to put it bluntly, investing in altcoins is like gambling and risks can happen at any time. And I also disagree when you say that investing in bitcoin is risk free whether you are talking about long term or short term. Any investment that can bring profit can also make us lose, the higher the profit, the greater the risk and Bitcoin is no exception.

Even an asset that has been around for thousands of years like gold and people say it is risky, bitcoin is nothing and has no guarantees.

Better do not compare bitcoin with the altcoins because bitcoin is something which has proven itself for the last decade and lot of people and investors have full confidence and trust in bitcoin Investments. When it come to the altcoins except Bitcoin you won't find any other altcoin which shows a progressive growth and still alive after many years.

The altcoins investors are the ones that invest in altcoins to ride the hype and then book the profit and quit it forever. The  retailer will usually get trapped in altcoins investment as they do not know when to enter and when to quit

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Zanab247
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September 12, 2024, 05:42:34 PM
 #160

Quote from: Gooner0
Bitcoins advantages makes it a reliable store of value and medium of exchange.
If you know the advantage of BTC in this industry, you will continue to make BTC your favourable coin to invest at anytime because BTC is still leading other cryptocurrencies in the market, and it hard for investors to invest in the bear season and sell in the bull season for them not to earn good profit that will change their story. But if you don't understand BTC, you will think that altcoin is more profitable than BTC because you will be earning profit from altcoins in a short term but if you try BTC investment and decided to hodl long before you can trade, you will know that BTC is profitable than altcoin in this industry.

Quote
So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.
This strategy is profitable to bitcoiners but you must have other sources of income that will be bringing you Money to continue to buy BTC and continue hodling and you will like what you are going to earn when you decide to sell in the bull market.
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