My Early Experience With Altcoins

[Wakate]

I recently shifted some focus from Bitcoin to altcoins. In the beginning, I chased hype and it didn’t go well. The times I did better were when I slowed down, read about the project, and made my own decision instead of following noise.

It feels like patience pays more than hype-chasing in this space.

You were not doing wrongly at first for chasing hype, it just that you weren't lucky enough to meet the right one. Most of the altcoin that usually takes time to perform well are the layer 1 blockchain based coin, if you focus more on them and be patient with it, you'll definitely make massive profits enough.

Getting lucky  investing in good altcoins projects can fade also which is why we don't have to rely too much on altcoins market because it is very hard to differentiate the good projects from the bad ones due to so many scam projects in the market, ready to crash the price when they have gotten the number of buyers they want.

Investing in Bitcoin is the only safest way to stay profitable even though have been so many speculations investors can make bigger profits in the crypto market without waiting for too long. Op made the mistake to think that there is huge profits waiting for him in the altcoins market which was not.

[Odusko]

I recently shifted some focus from Bitcoin to altcoins. In the beginning, I chased hype and it didn’t go well. The times I did better were when I slowed down, read about the project, and made my own decision instead of following noise.

It feels like patience pays more than hype-chasing in this space.

You did yourself a great deal by observing quickly that following altcoins based on hypes will only leave you broke with tons of dumped and shit coins in your portfolio, but if you do your own research and pick based on your research results and prioritize quality over quantity you be making a good decisions along the way since altcoins is already risky and high volatile, is important to them act in a way that reduces your risks of losing from hypes sold out coin, which eventually becomes shitcoins.

[happybitcoinph]

I recently shifted some focus from Bitcoin to altcoins. In the beginning, I chased hype and it didn’t go well. The times I did better were when I slowed down, read about the project, and made my own decision instead of following noise.

It feels like patience pays more than hype-chasing in this space.

There's nothing wrong with what you went through since you are in a research stage.

Now that you have been able to experience being in different scenarios, you should determine some other ways that might work for you. Shifting gears is normal as there are different trends in a market. Just build experience as you progress.

[danherbias07]

That's the right path that you are walking now.

It is true that most hypes doesn't last long, unlike Bitcoin and some popular altcoins that are now in their position because of being in the business for a long time. They crawled through ups and downs and remained strong, which is why they are now popular for their reputation and trust.

Keep it up, and you will somehow pick the right Altcoin that will make you profits in the future. Don't believe the hypes, especially if it is a month ago or more.

[Wakate]

I recently shifted some focus from Bitcoin to altcoins. In the beginning, I chased hype and it didn’t go well. The times I did better were when I slowed down, read about the project, and made my own decision instead of following noise.

It feels like patience pays more than hype-chasing in this space.

You did yourself a great deal by observing quickly that following altcoins based on hypes will only leave you broke with tons of dumped and shit coins in your portfolio, but if you do your own research and pick based on your research results and prioritize quality over quantity you be making a good decisions along the way since altcoins is already risky and high volatile, is important to them act in a way that reduces your risks of losing from hypes sold out coin, which eventually becomes shitcoins.

Hype is what controls the market and we could lose more money when we depend on hype to invest in the market. There are investors that understand how hype works and they will never invest in a project that has been hyped allowing the price to skyrocket so that more newbies can invest in it, indirectly buying at the top.

It is better to invest in an altcoins before the hype so you can buy at a very low price and when the hype commenced, you can start counting your profits while waiting for when the hype will be over so you can  cashout big while the ignorant ones would be stocked at the top.

[Odusko]

Hype is what controls the market and we could lose more money when we depend on hype to invest in the market. There are investors that understand how hype works and they will never invest in a project that has been hyped allowing the price to skyrocket so that more newbies can invest in it, indirectly buying at the top.

It is better to invest in an altcoins before the hype so you can buy at a very low price and when the hype commenced, you can start counting your profits while waiting for when the hype will be over so you can  cashout big while the ignorant ones would be stocked at the top.

Those projects owner's I mean the memecoins developers knows about the traffics hypes can generate to their projects, so they spend a lot of money on pushing that hype out to the public, so as to get what their want in the end, most especially memecions market have been based on hype alone even without ecosystem, what the sell to investors is just the hype and once the hype due down, the coin drastically dump is a trend we are already used to.

[GeorgeJohn]

I recently shifted some focus from Bitcoin to altcoins. In the beginning, I chased hype and it didn’t go well. The times I did better were when I slowed down, read about the project, and made my own decision instead of following noise.

It feels like patience pays more than hype-chasing in this space.

Making your own decision for cryptocurrency investment especially altcoins is more better than following a somebody's description for cryptocurrency investment, it is better for you to make your findings and understand the kind of altcoin that you want to invest on by making your own research, it will give you courage to invest in altcoin of your choice

But the major thing is that investing in altcoin you have to be very careful and the low very well that is not a wise idea for someone to hold altcoin for long time it will be better for you to have it duration of holding altcoin so that the coin will not die on the process of holding it.

Secondly do not lose focus on bitcoin investment because bitcoin is one of the coins that you will invest on today and the desperate the downfall of Bitcoin at that moment you will still make profit if you continue holding it, so it is obvious that bitcoin is more volatile than any of the altcoins, but the different is that if you luckily invest in altcoin and at the period the altcoin survive, you will make profit altcoin than holding a bitcoin...so in summary hold a coin wisely.

[Dunamisx]

I recently shifted some focus from Bitcoin to altcoins. In the beginning, I chased hype and it didn’t go well. The times I did better were when I slowed down, read about the project, and made my own decision instead of following noise.

It feels like patience pays more than hype-chasing in this space.

For those that have started in cryptocurrency before now, if we have the privilege of getting across to them, then they are going to share in more to what they have experienced right from time to this days, I have also learnt to be patient in cryptocurrency, not only that, but learning while observing things and how they are being done, so that we don't make mistakes we could have prevented if we had been experience in what we do, that is why we may have to take some time before starting with investment in cryptocurrency.

[Wakate]

I recently shifted some focus from Bitcoin to altcoins. In the beginning, I chased hype and it didn’t go well. The times I did better were when I slowed down, read about the project, and made my own decision instead of following noise.

It feels like patience pays more than hype-chasing in this space.

For those that have started in cryptocurrency before now, if we have the privilege of getting across to them, then they are going to share in more to what they have experienced right from time to this days, I have also learnt to be patient in cryptocurrency, not only that, but learning while observing things and how they are being done, so that we don't make mistakes we could have prevented if we had been experience in what we do, that is why we may have to take some time before starting with investment in cryptocurrency.

Whether you have been in the crypto market for so many years or you have invested in so many crypto projects in the market, all these moves are to make more money with our capital and it wouldn't make sense when we try to over do things in a way that will affect us and bring more loses to us. Every Investor must have that patient not to rush and invest in projects that will never be profitable at all..
I normally scrutinize crypto projects before investing in them because of so many scam projects in the market to steal from us.