Risk takers can continue.

[ZeroVinsonN]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

I've also experienced making money from a coin I didn't expect to sell for a high price. Shortly afterward, the coin disappeared from the market. Not all altcoins are bad investments if someone is brave enough to invest, as experienced and long-standing investors who invest in certain altcoins have experienced the situation and conditions, as well as the profits and losses they can incur.

However, I don't recommend investing in it, especially with junk coins.
With Bitcoin, I can provide a detailed explanation based on data, history, and future opportunities if someone needs it.

If you hadn't sold when you did then you would have lost all the money you put into it since you just said it disappeared from the market shortly afterwards, that's alot of risk and your story about it would have been different if you hadn't sold it on time. This is what people have to face every time they put their hopes on some altcoins but bitcoin through our it's history has proven to be different from them, it's a safer asset and that's why people invest in it and don't end of regretting that decision to invest in it.

Many investors get attracted to stories of people who struck gold by investing in new altcoins because it feeds into the dream of quick success and instant wealth and in truth there are times when a new project explodes and changes someone’s life but what people usually forget is that those wins are rare and depend on perfect timing being early enough to buy cheap and smart enough to sell before the crash the majority of investors who enter later often end up as exit liquidity for the early movers who dump their bags once the hype peaks.

Altcoins can be exciting because of the volatility and the promise of huge returns but the same volatility can wipe out an entire portfolio overnight most of these coins don’t have real long term use cases or solid foundations and once attention fades they lose liquidity vanish from exchanges or drop by more than 90 percent it’s a brutal reality that many refuse to see until it’s too late the key is not to completely avoid them but to handle them with strategy and control never let greed dictate your choices. Bitcoin on the other hand has stood the test of time it has weathered multiple crashes and still managed to rise stronger after every cycle it’s the only cryptocurrency that has maintained its value reputation and trust over the years making it a safer and more sustainable option for those looking to build wealth gradually investing in bitcoin is about long term patience not hype chasing once you have a stable bitcoin base then using a small portion of your income to explore new altcoins can be acceptable the goal should always be balance and protection of capital not reckless risk taking just because someone else got lucky.

The problem is that while these success stories become headline news the stories about the losses people made from investing in new altcoins are never really made public much, it would seem that no one wants people to know that he's lost to something like that, this is why people don't see the risks for what they are, their mindset is that if someone else won then I can too but they never consider that if someone else lost then they can too and this is actually more important because people need to know that their chances of losing everything they investing in new altcoins is higher than their chances of hitting it big, if this realization is made then they might actually start looking at these things differently.

[NewRanger]

The problem is that while these success stories become headline news the stories about the losses people made from investing in new altcoins are never really made public much, it would seem that no one wants people to know that he's lost to something like that, this is why people don't see the risks for what they are, their mindset is that if someone else won then I can too but they never consider that if someone else lost then they can too and this is actually more important because people need to know that their chances of losing everything they investing in new altcoins is higher than their chances of hitting it big, if this realization is made then they might actually start looking at these things differently.

It looks like a chance, but when BTC corrects again like it is now, even the currently hyped coins like Zcash can't withstand a BTC correction, let alone smaller coins that don't necessarily have strong fundamentals. Large donor backup is essential if you really want to buy altcoins. If the average ones are not likely to swing down, it's very difficult for them to recover and follow BTC's movements.

Market conditions remain fraught with fear. I think we can observe stock movement patterns over 1-hour, 4-hour, or at least 5-minute time frames. If it's fast and crowded with buyers, it could be a good indicator, but if buying demand is slow and delayed, it's best to avoid it, as we'll have to wait another month for recovery. Currently, some traders and investors still see the potential for further declines, which is a bad sign for the market. The strength of accumulation is likely to be limited before it can reach a new record.

[Razmirraz]

Snip

It looks like a chance, but when BTC corrects again like it is now, even the currently hyped coins like Zcash can't withstand a BTC correction, let alone smaller coins that don't necessarily have strong fundamentals. Large donor backup is essential if you really want to buy altcoins. If the average ones are not likely to swing down, it's very difficult for them to recover and follow BTC's movements.

Market conditions remain fraught with fear. I think we can observe stock movement patterns over 1-hour, 4-hour, or at least 5-minute time frames. If it's fast and crowded with buyers, it could be a good indicator, but if buying demand is slow and delayed, it's best to avoid it, as we'll have to wait another month for recovery. Currently, some traders and investors still see the potential for further declines, which is a bad sign for the market. The strength of accumulation is likely to be limited before it can reach a new record.

The opportunity is always there, we never know which Altcoin or Shitcoin the opportunity resides in. For me, lesser known Altcoins like BNB, ETH and some other top Altcoins are full of tricks. The price is still very easy to manipulate and it is not uncommon for people to become victims of greed who want to get rich quickly overnight. Bitcoin has been fully tested, there is no doubt whatsoever to invest there, even though it is experiencing a correction, its value will soon recover because its support is very broad.

Maybe this is a good idea, but it must also be supported by established coins, if the goal is to take risks in investing, I think it's okay, but you must also consider the amount of money you can afford to lose.

[shinratensei_]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

Nothing wrong with investing in altcoin honestly. I did invest in altcoin sometime and find some edges or a really good bet. Problem arise only when the trader or investor doesn't do their due diligence and throw around blame when things go south.
As long as you know the risk, you know how much money you gonna put at risk and there is big chance that things can go wrong, you're absolutely fine.

[Leahized]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.

Such things can happen, if he chooses good and right coin, invests. However, I don't think it's possible to change everyone's life by investing in altcoins. But if it actually happens then it is really luck. Because people tend to lose the most money through this. Moreover, risk-taking, wherever you invest, is something you have to lean on. And not everyone can make more money by taking risks. If one really wants success. Then I think investing in Bitcoin is a must because 90% of people can't get rich without investing in Bitcoin. And you keep believing. Then you can invest some money there.

[free-bit.co.in]

Such things can happen, if he chooses good and right coin, invests. However, I don't think it's possible to change everyone's life by investing in altcoins. But if it actually happens then it is really luck. Because people tend to lose the most money through this. Moreover, risk-taking, wherever you invest, is something you have to lean on. And not everyone can make more money by taking risks. If one really wants success. Then I think investing in Bitcoin is a must because 90% of people can't get rich without investing in Bitcoin. And you keep believing. Then you can invest some money there.

If you invest in bitcoin, you will feel safer because it is the safest investment in the crypto market. But it doesn't guarantee you wealth, whether you become rich or not is entirely up to you, bitcoin doesn't decide that for you.

Bitcoin is just a tool, opportunity and success or failure depend on your plan, strategy and capital. You won’t be able to get rich if you only invest $1k or $2k these days, even if you hold it for the next 20 years. Since the exponential growth phase of Bitcoin is over, it can no longer grow x100-x1000 like before. Or you can't expect to get rich in just 1 or 2 years of investing in bitcoin.

[yudi09]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

Only a small number of people are lucky enough to make money on new altcoins, while the rest are in the group of people who regret investing in new altcoins.
Those who regret it will say that crypto is a scam.
But you are right that anyone who wants to take action with altcoins has the right to do so because each person bears their own risk.

[@nn@_pen9]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

There is no investment that does not contain risk, what you must remember is that investment is not a way or scheme to get rich quick. If you try to move around like that From Bitcoin get a little profit then you switch to the altcoin you are interested in.  In fact, if you don't have enough knowledge, this will make you trapped in your investment, which will make you lose focus on your investment goals. If possible, set aside a separate fund for speculating on altcoins and achieving your desired returns. I don't think this method is particularly problematic if you're equipped with sufficient knowledge and prepared for the consequences.

[liasbaa]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

Only a small number of people are lucky enough to make money on new altcoins, while the rest are in the group of people who regret investing in new altcoins.
Those who regret it will say that crypto is a scam.
But you are right that anyone who wants to take action with altcoins has the right to do so because each person bears their own risk.

I totally agree with you that most of the time people who buy altcoins regret buying them. To be honest, I bought a few coins at the top stage in the market but only a few times I managed to sell them at a profit. Most of the time I sold them at a limited loss or withdrew my investment at a very low profit due to fear of losing my capital. My goal was short-term trading but it was very stressful mentally.

In my opinion, only those who have sufficient funds available and are willing to lose money can walk this risky slippery slope. Those who can bear the risk are more likely to get lucky because they keep buying regardless of the price in the hope of getting high profits.

[reagansimms]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

Only a small number of people are lucky enough to make money on new altcoins, while the rest are in the group of people who regret investing in new altcoins.
Those who regret it will say that crypto is a scam.
But you are right that anyone who wants to take action with altcoins has the right to do so because each person bears their own risk.

New altcoins are full of risks, and not everyone is suited to investing in this type of coin because the potential for loss is very high, even though there is the opportunity to make large profits. The best advice for beginners or those who are still hesitant about new Altcoins but are tempted by the promise of huge returns is to never invest more than you can afford to lose and to do sufficient research before making a decision.
Greedy people often ignore wise advice, even though they have the right to make investment decisions and how to manage their money. However, when they lose, they will act as if Crypto is at fault, even though they are the ones who always ignore the correct and proper investment principles.

[Asuspawer09]

I mean investing in altcoins and meme tokens are surely going to earn you a huge amount of money, compared to just staying safe in Bitcoin, but maybe he was just kinda lucky on he's altcoin investment, We all know it, it was a riskier investment than staying on Bitcoin, that just mean that it has higher chance of losing that money, so yeah if he was lucky then its great but its a double edge sword, its easy to say that its and easy profit but if you lose on that bet, then suddenly your gonna say its a huge scam in the history. You need to understand that a lot of people are going to lose a lot of money on riskier token and there are a lot of pump and dump project out there, especiallyon meme tokens on solana network which is really popular, I see a lot of people getting there investment more than 10x but at the same time I know meme tokens is just Player vs player there are a lot of people losing money there.

Also another thing is, this wasnt a great mindset to have, its similar to have a gambling or betting mindset since you are always taking on a huge risk, for me you need to always have the foundation first and know its risk, it wasnt a bad thing to invest on this risky investment but you need to know your limits and diversifying your investment, if you know you could easily lose money on it, then you oculd just set a small amount and win or lose your not going to get a huge lose anyway, if it win then its a good thing, if it lose then you could easily get back up.

[yudi09]

Only a small number of people are lucky enough to make money on new altcoins, while the rest are in the group of people who regret investing in new altcoins.
Those who regret it will say that crypto is a scam.
But you are right that anyone who wants to take action with altcoins has the right to do so because each person bears their own risk.

I totally agree with you that most of the time people who buy altcoins regret buying them. To be honest, I bought a few coins at the top stage in the market but only a few times I managed to sell them at a profit. Most of the time I sold them at a limited loss or withdrew my investment at a very low profit due to fear of losing my capital. My goal was short-term trading but it was very stressful mentally.

I'm not saying that all altcoins will end up being discarded, but among the many altcoins out there, only one or two are worth holding onto.
You may choose to buy coins that don't have a community or foundation that allows them to have potential if held. Examples include Ethereum and BNB.

It's understandable if you regret buying coins other than these two because of their high prices.
Short-term trading also requires a strategic approach when selecting coins to trade. If a coin has good potential, buy it, take the profit—even if it's small—and move on.

[Lanatsa]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

Only a small number of people are lucky enough to make money on new altcoins, while the rest are in the group of people who regret investing in new altcoins.
Those who regret it will say that crypto is a scam.
But you are right that anyone who wants to take action with altcoins has the right to do so because each person bears their own risk.

New altcoins are full of risks, and not everyone is suited to investing in this type of coin because the potential for loss is very high, even though there is the opportunity to make large profits. The best advice for beginners or those who are still hesitant about new Altcoins but are tempted by the promise of huge returns is to never invest more than you can afford to lose and to do sufficient research before making a decision.
Greedy people often ignore wise advice, even though they have the right to make investment decisions and how to manage their money. However, when they lose, they will act as if Crypto is at fault, even though they are the ones who always ignore the correct and proper investment principles.

The most common patterns seen in the crypto space people are drawn to new altcoins because of the possibility of turning a small amount of money into a fortune overnight but the truth is only a few succeed while the majority lose most or all of their investment new altcoins tend to attract hype and attention early on yet most of them either lose value over time or completely vanish from the market after the excitement dies down. Many beginners forget that Bitcoin became what it is today not overnight but through years of proving its security adoption and resilience new altcoins don’t have that history and their development teams often fail to deliver on promises or abandon the project once they’ve made profits from investors this is why investing in new altcoins should always be treated as speculative gambling and not as a stable investment.

The most practical approach is the one you mentioned first focus on building Bitcoin holdings since it’s the most proven asset in the crypto world then if you have extra discretionary income use a small portion of it to experiment with altcoins this gives you the chance to explore without risking your financial security. Doing proper research is also key study the whitepaper the team behind the project the technology it offers and how active the community is if any of these are missing or look suspicious that’s already a red flag also never let greed push you into investing more than you can afford to lose because the higher the promise of return the greater the risk involved.

[laspol65]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

You should not invest in places where the risk is high, I would say Altcoin has the highest risk because every investor invests in the wrong place in the greed of money, which can attract Altcoin investment and beginners. However, you should not invest in the greed of money because it is much more reasonable to keep money safe than to lose all your money. Currently, Bitcoin is the most popular and trusted where the possibility of losing your money is very low, and there is a possibility of getting benefits. Bitcoin plays the biggest role in keeping money safe and keeping money safe.

[ringgo96]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

You should not invest in places where the risk is high, I would say Altcoin has the highest risk because every investor invests in the wrong place in the greed of money, which can attract Altcoin investment and beginners. However, you should not invest in the greed of money because it is much more reasonable to keep money safe than to lose all your money. Currently, Bitcoin is the most popular and trusted where the possibility of losing your money is very low, and there is a possibility of getting benefits. Bitcoin plays the biggest role in keeping money safe and keeping money safe.

If we can understand well about how to invest properly then investing in bitcoin or altcoin I think is still safe, but we have to choose altcoins that already have potential and not invest in newly listed altcoins, this has a high risk as you said, it could be that our capital is used up, but for bitcoin it has been proven that they will increase when the time comes like this year, but we need a long time to be able to get big profits if we invest in bitcoin.

[Hardyrobust]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

The fact that people do advised that investment in altcoin is risky isn't wrong. The risk associated with such investment is very high. There are people that has succeeded in altcoin likewise there are also people that has lost almost all there lives saving in altcoin. The best thing is to invest a percentage of our discretionary income like 10% into altcoin and the rest should go into bitcoin investment. However if we can actually be able to avoid altcoin I will advise we do as most of this coins are just dust. So stop looking at the few that has benefited from altcoin but rather the majority that has lost there income while investing and holding altcoin.

[Republikcoin.com]

~~~

Only a small number of people are lucky enough to make money on new altcoins, while the rest are in the group of people who regret investing in new altcoins.
Those who regret it will say that crypto is a scam.
But you are right that anyone who wants to take action with altcoins has the right to do so because each person bears their own risk.

It's funny to see people who say crypto is a scam after they've already lost money on a new altcoin, even though they were a firm believer in it before the loss. This is both strange and very real, because I still encounter such people around me, so I don't really care for them because they basically have no convictions about their actions. New altcoins aren't meant to be invested in, but rather to be used for short-term gains during good times. If you can capitalize on them for a few times before abandoning them forever, I think it's worth a few tries.

[Stormisover]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

You should not invest in places where the risk is high, I would say Altcoin has the highest risk because every investor invests in the wrong place in the greed of money, which can attract Altcoin investment and beginners. However, you should not invest in the greed of money because it is much more reasonable to keep money safe than to lose all your money. Currently, Bitcoin is the most popular and trusted where the possibility of losing your money is very low, and there is a possibility of getting benefits. Bitcoin plays the biggest role in keeping money safe and keeping money safe.

If we can understand well about how to invest properly then investing in bitcoin or altcoin I think is still safe, but we have to choose altcoins that already have potential and not invest in newly listed altcoins, this has a high risk as you said, it could be that our capital is used up, but for bitcoin it has been proven that they will increase when the time comes like this year, but we need a long time to be able to get big profits if we invest in bitcoin.

Forks easily get carried away by newly altcoins with over hyped ratings and very cheap where they can get lot of them with a small amount of money feeling excited not knowing is a trap that they have fallen in to and it doesn't stop there in most cases greed can make most of them to in with lot of money that they can not afford to lose and some times they borrow to fulfill their satisfaction of getting certain amount of the coins, I rather have the patient with Bitcoin than fall in to the trap of altcoins especially the new ones coming out here and there.

[Bigjoe33]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not,

You can only say that because you haven't fall victim of shitcoin dump or rug pull, that's why you still believe strongly on alt/shitcoin. Well let me inform you that majority or large number of people have lost huge amount of money and have learnt their lessons in a hard way, and that's why you see them talking about the risk in shitcoin investment. There is never a time it was stated that people can't try out risking alt/shitcoin but it is always said that you should gamble with what you can afford to lose as not to lose all your money.  Although it is possible for your friend to make big profite from altcoin, but it doesn't happen always. It could just be that it was a new tokens that was fast rising as a result of it massive demand by  buyers, and on the process your friend sold off before it falls. I believe your friend sold at the right time, maybe if he had waited more longer the team behind the project would have liquidated it and it dump so badly that everyone would be left into rug pull. So you need to be careful with your shitcoin because it can be tricky and at thesame time Risky.

 

Another thing to be added is that his friend may have not shared with him his looses, I mean great losses. For some reason, some of them them hide this fact, and cry inside, but runs out openly to proclaim there wins and make people feel that it's all well with them always. They are shitcoins and they have a high propensity of dumping within the shortest period of time. Just like you said, maybe his friend sold just at the right time, yea.

Anyways, I believe whatever money we use in buying any coin belongs to the person and only the person will face they lose when it happens. So it's there risk to bear and not mine. But for me, I wouldn't go in for something that's not solid and offers no hope in the future.

[yudi09]

-snip-

It's funny to see people who say crypto is a scam after they've already lost money on a new altcoin, even though they were a firm believer in it before the loss. This is both strange and very real, because I still encounter such people around me, so I don't really care for them because they basically have no convictions about their actions. New altcoins aren't meant to be invested in, but rather to be used for short-term gains during good times. If you can capitalize on them for a few times before abandoning them forever, I think it's worth a few tries.

If you often interact with people in the crypto space, what you're saying isn't unfamiliar to me because I've heard them complain several times about being harmed by their own actions. Strangely, they are overly confident in their choices, and some even dare to tell their friends that their altcoin choices will be profitable for them.

My question is simple: why do those familiar with the crypto space choose to take risks with new altcoins?
They’re not investing small amounts either. How would you respond to something like this?