Altcoin is a Trap

[SPIDERMAN008]

I am telling some real issues that you may have heard at some point about other cryptocurrencies besides Bitcoin. Many people show a chart and say, look, this coin has grown a lot in 6 months, Bitcoin has not grown that much. Then they decide that Bitcoin is slow, other coins are fast. The problem is that they only show the part that is growing, not the part that is surviving. Some coins can grow a lot in a short time, but when there is a big fall, many coins fall by 80-90%, and never return to their previous price. So the real question is not how fast it grew. We should focus on whether it will survive for a long time. The real thing here is that the biggest problem for beginners is to think about their decisions a little. People spend money in the wrong places in the greed for quick profits. Later, they get scared and get out.  They regret it, and this fluctuation is the biggest loss.

Another big loss is missing opportunities. If you run after other coins and reduce your regular Bitcoin purchases, then after a few years you will see that your Bitcoin accumulation rate has decreased. Many people think that when the market rises, they will buy other coins, take profits and then come back to Bitcoin. Although it sounds very easy and profitable to hear, in reality the matter is very risky. Because in order to make a profit, they fall victim to scams. They buy tokens that actually have no value after a few days. Many people can never buy Bitcoin while running after these tokens. They do not have the ability to invest. They lose all their financial assets. When gamblers lose their financial assets, their families and society after becoming overly addicted, the same thing happens to those who have exhausted all their assets while loss after spending money to altcoins.

Let me give you an example to understand. You can invest $100 a month. If you put $100 regularly in Bitcoin, after a few years your bitcoin accumulation will increase regularly. But if you put $50k in another token thinking it will go up more, and that coin drops 80% in a big crash, you won't just lose money. Your regular Bitcoin deposits will slow down. This is the loss of opportunity. So the real rule should be like this. First, the main goal is to deposit Bitcoin. Then if you want to play, do it with very small portions which even if you lose, won't break your monthly plan. But it would be best if you never spend any money on these altcoins.

Those who say "other coins go up more" Have you ever traded in altcoins with this logic? And how did that affect your Bitcoin investment?
What was the result? And if you kept spending money into other tokens, how much of your total money did you spend there?

[Joy- maker]

Majority of altcoins out there are not worth investing on, yet some persons still allow themselves to be deceived with persuasive speech.
I can't agree less, because majority of altcoins are trap, but not all.  There are still few altcoins out there like Ethereum that are still doing well, and still worth investing on.

But Imo, I will say that, instead of Investing on altcoins focus on the ongoing accumulating of Bitcoin. Because Bitcoin is already known to be store of value with potential returns. So  Focus on Bitcoin with an accumulating target. And after you reach you accumulating target, hold your Bitcoin portfolio for long term five to ten years or more.

[Bright0515]

It's important for everyone to understand that Ponzi scheme project are everywhere and they all use the same patterns to make them loos legit. We should all be careful with what we see online because 70 to 80% of them are likely to be scam. Such patterns scammers use to get people attention is making them believe that what they are seeing is real and legit.

Yes bitcoin might be slow in terms of growth but we all need to understand that the actual price Bitcoin was in the year 2010 is not the same price it is today Feb 19 2026, it is better to make slow profits then lose our money to scammers. We shouldn't be desperate to make quick money because by doing we are being vulnerable to scam.
Altcoins are scam but not all of them, even though we want to invest into altcoins we should do more research before buying them.

[Callido]

Few people get lucky with Altcoins that is a reason why many are now in pursuit of similar lucky opportunity. You never trust what an Altcoin promises because we have most of them falsely pretend having so much potential meanwhile they end up just like the majority of them that rips their investors, strategically by hype and promotions in a short time, afterwards rug pool the project.

The choice of consuming Altcoin is optional, anyone who has the extra money to invest shouldn't mind, it might turn out to be one lucky big win for the investor, but i advice that the investor already have a strong Bitcoin asset in possession, that should be the first priority.

[Su-asa]

Few people get lucky with Altcoins that is a reason why many are now in pursuit of similar lucky opportunity. You never trust what an Altcoin promises because we have most of them falsely pretend having so much potential meanwhile they end up just like the majority of them that rips their investors, strategically by hype and promotions in a short time, afterwards rug pool the project.

Few people get lucky while investing in altcoin because they don't invest for long term. Altcoin investment is not for long term, the price does not increase and stay pu for a long term that is why some people get lucky while they invest in altcoin. I think Altcoins are more like gamble, you have to monitor the charts more than Bitcoin because Bitcoin always guarantees us a long term profits because it is a good store of value.

[Amphenomenon]

Majority of altcoins out there are not worth investing on, yet some persons still allow themselves to be deceived with persuasive speech.
I can't agree less, because majority of altcoins are trap, but not all.  There are still few altcoins out there like Ethereum that are still doing well, and still worth investing on.

I still don't consider ETH as a good altcoin to invest in, there are still better top rated altcoins with better ROI like BNB and SOL. We can see that even after all the hype during this our recent bull before the current bear it still fell below expectation. Sometimes I just see it as overhype now because I once had high expectation and then nothing significantly changed.

[Sammysmart001]

I am telling some real issues that you may have heard at some point about other cryptocurrencies besides Bitcoin. Many people show a chart and say, look, this coin has grown a lot in 6 months, Bitcoin has not grown that much. Then they decide that Bitcoin is slow, other coins are fast. The problem is that they only show the part that is growing, not the part that is surviving. Some coins can grow a lot in a short time, but when there is a big fall, many coins fall by 80-90%, and never return to their previous price. So the real question is not how fast it grew. We should focus on whether it will survive for a long time. The real thing here is that the biggest problem for beginners is to think about their decisions a little. People spend money in the wrong places in the greed for quick profits. Later, they get scared and get out.  They regret it, and this fluctuation is the biggest loss.

Another big loss is missing opportunities. If you run after other coins and reduce your regular Bitcoin purchases, then after a few years you will see that your Bitcoin accumulation rate has decreased. Many people think that when the market rises, they will buy other coins, take profits and then come back to Bitcoin. Although it sounds very easy and profitable to hear, in reality the matter is very risky. Because in order to make a profit, they fall victim to scams. They buy tokens that actually have no value after a few days. Many people can never buy Bitcoin while running after these tokens. They do not have the ability to invest. They lose all their financial assets. When gamblers lose their financial assets, their families and society after becoming overly addicted, the same thing happens to those who have exhausted all their assets while loss after spending money to altcoins.

Let me give you an example to understand. You can invest $100 a month. If you put $100 regularly in Bitcoin, after a few years your bitcoin accumulation will increase regularly. But if you put $50k in another token thinking it will go up more, and that coin drops 80% in a big crash, you won't just lose money. Your regular Bitcoin deposits will slow down. This is the loss of opportunity. So the real rule should be like this. First, the main goal is to deposit Bitcoin. Then if you want to play, do it with very small portions which even if you lose, won't break your monthly plan. But it would be best if you never spend any money on these altcoins.

Those who say "other coins go up more" Have you ever traded in altcoins with this logic? And how did that affect your Bitcoin investment?
What was the result? And if you kept spending money into other tokens, how much of your total money did you spend there?

Nice work SPIDERMAN008 you spot it right about altcoins being a trap for many investors. I find it easy to get in hype of quick gains but mostly some altcoins don’t survive long term. The aspect of focusing on bitcoin accumulation rather than chasing altcoins is a great one, sustainability over speculation. Allot of investors only have intrest on altcoins because of the short time pumps. But mostly ends to several losses when price mostly drops sharply. That why is advisable to focus on long tram sustainability with Bitcoin

[EL MOHA]

I still don't consider ETH as a good altcoin to invest in, there are still better top rated altcoins with better ROI like BNB and SOL. We can see that even after all the hype during this our recent bull before the current bear it still fell below expectation. Sometimes I just see it as overhype now because I once had high expectation and then nothing significantly changed.

ETH since the last bearish cycle in 2022 is seriously having a poor trend it actually dips with high volatility when the market is in bearish period and moves slowly when in bullish periods, this according to my research is based on the fact that there are so many layer 2’s on the Ethereum chain that many people are actually investing into instead of the parent chain network and this is reason for its poor market structure. I could remember even Vitalik one time selling his Ethereum coin. Plus I think the choice of it been a POS hasn’t made it look enticing to smaller investors to find it attractive.

Even I will take a gamble on Solana than on Ethereum.

[Tetu100]

Bitcoin accumulation is the real deal and the master strategy that can assure you of want you want in an investment journey, while alt coins are all distractions in real sense that will possibly brings you nothing but lose if not careful.

Most of the alt coins in recent time has mostly been hijacked by scammers and any investors that dares to invest  in it become a major scammed victim, normally I hardly engage my self in any other crypto investment that isn't bitcoin because most of them are likely to be scam and shouldn't be trusted due to numerous pass experience. However, this is my piece of advice to every new investors out there to always go for bitcoin investment perhaps  it has been tested and trusted.

[Gost ms]

The person who says that Bitcoin does not grow quickly and all other coins grow quickly is basically a business or a promoter of that coin. All these coins are launched in the market mainly to trap everyone in a fraud. For example, these coins will be promoted everywhere and when everyone believes in this coin and starts investing, they will sell all the coins they have, so many are being cheated in the market and many are being cheated.

The Bitcoin network is very strong and the supply of Bitcoin is low. So far, the price of Bitcoin is hundreds of times higher than all the coins in the market. Bitcoin is a very, very good currency for long-term investment. No currency in the market can ever be compared to Bitcoin.

[Pablo-wood]

Investing in most Altcoin is  equivalent to someone taking a risk you can't afford. They come appealing and promising then down the line things becomes sour. Altcoin investments are best for hit and run. That's very short term once the desired profit margin is meet boom one is out. Considering most altcoin has long term project can lead to heavy disappointment. Although there are still good altcoins like BNB but one needs good understanding of how the market moves to invest in them even though they can serve as long term projects too but yo be on the most safer end bitcoin stands out from all other coins.

[Marykeller]

For those who are comparing the Bitcoin price movement for the past months with that of an altcoin, for a particular altcoin to appear as a worthwhile investment to make. Should use the same energy to compare and contrast the price gain of Bitcoin with that of any altcoin, to see for themselves which one is legit and genuine, and worth someone's investment for the future.

The mistake many people make is blindly analyzing the present market condition of an altcoin, not looking at their price history. If they can survive the test of time of the bearish market and come out strongly more than they have already in the past.

As far as the whole crypto market is concerned, no altcoin can challenge Bitcoin in giving future gains to investors

[Antotena]

Majority of altcoins out there are not worth investing on, yet some persons still allow themselves to be deceived with persuasive speech.
I can't agree less, because majority of altcoins are trap, but not all.  There are still few altcoins out there like Ethereum that are still doing well, and still worth investing on.

I still don't consider ETH as a good altcoin to invest in, there are still better top rated altcoins with better ROI like BNB and SOL. We can see that even after all the hype during this our recent bull before the current bear it still fell below expectation. Sometimes I just see it as overhype now because I once had high expectation and then nothing significantly changed.

How can you not like ETH but you like Sol and BNB. They all belong to the same family, the only difference is one is older and the two has better marketing. Ethereum has faced alot of criticism but despite that, it remain one of the best Altcoins institutional investors put in mind before any other coins, it's very secure and has more dapps than when you combine the two coins you just mentioned, they are all Altcoins but some are safe than the other.

How many times has Solana went off due to transaction congestion, they have to restart the chain many times and I can tell you that if not for meme coins, Sol wouldn't have been alive today. It's because of those rugs and the crazy stealing of coins between influencers and followers that makes the coin interesting. Bnb is even the worse of all, CZ has turned that coin to a place of manipulation, that's why any other chain they touch doesn't do well.

[Joy_learns_crypto]

Few people get lucky with Altcoins that is a reason why many are now in pursuit of similar lucky opportunity. You never trust what an Altcoin promises because we have most of them falsely pretend having so much potential meanwhile they end up just like the majority of them that rips their investors, strategically by hype and promotions in a short time, afterwards rug pool the project.

Few people get lucky while investing in altcoin because they don't invest for long term. Altcoin investment is not for long term, the price does not increase and stay pu for a long term that is why some people get lucky while they invest in altcoin. I think Altcoins are more like gamble, you have to monitor the charts more than Bitcoin because Bitcoin always guarantees us a long term profits because it is a good store of value.

Is more of those people being lucky than it about them not investing for long term. The altcoin people invest in to be lucky are the paltry sum altcoin, the altcoins that if it does well they have bought many to get fatter profit from it.
Monitoring the chart of the paltry sum altcoin can give a pregnant woman quick preeclampsia, it is hard to find someone who has made fat profits from two low price altcoins.

[Yorubek]

Bitcoin accumulation is the real deal and the master strategy that can assure you of want you want in an investment journey, while alt coins are all distractions in real sense that will possibly brings you nothing but lose if not careful.

Most of the alt coins in recent time has mostly been hijacked by scammers and any investors that dares to invest  in it become a major scammed victim, normally I hardly engage my self in any other crypto investment that isn't bitcoin because most of them are likely to be scam and shouldn't be trusted due to numerous pass experience. However, this is my piece of advice to every new investors out there to always go for bitcoin investment perhaps  it has been tested and trusted.

Investing in Altcoins can cause you to lose all your money at any time, initially the price of Altcoins will be relatively high, but gradually its value will decrease and eventually it will be completely destroyed from the market. Many people think that by investing a small amount of money in Altcoins, you can make a lot of money, but in reality, investing in Altcoins gradually leads to losses of all your money. I think investing in Bitcoin is reasonable, you cannot get rich quickly by investing in Bitcoin, but if you follow the right rules and consistently manage your investment and hold it patiently and confidently in the long term, you can gradually achieve success.

[Mpamaegbu]

I still don't consider ETH as a good altcoin to invest in, there are still better top rated altcoins with better ROI like BNB and SOL.

I nor be a fan of ETH unto sey I nor hodl am and my reason na dat high transaction fees wey im dey get those days make me. However, if we go fit tell awaselves d truth, remove sentiments bc of where we dey sey na Bitcoin forum, we go realize sey no cryptos help dis industry grow reach wetin ETH don do. Na ETH born most of des other wans through im smart contract. BTC nor get anything as such, except wen Runes and d rest of d BRC20 tokens dem begin happen like two years ago or so.

[sotelorene]

According to op's title " Altcoin is a trap" off course it is a trap but we humans are the people that will decide whether we are going to fall for it or not because it is not a force I mean no one will persuade anyone to go invest in Altcoin. But the truth is that some of us know that Altcoin is a trap and yet we went to go and try luck with it and the annoying part is that some folks don't use what they can afford to lose instead they go all in with a huge amount of money because of the mindset to make big profit. Though to some extent you can make good profit but not all time, it is better we invest in Bitcoin with our discretionary than trying luck in Altcoin with what we can not afford to lose.

[Frankolala]

I can't agree less, because majority of altcoins are trap, but not all.  There are still few altcoins out there like Ethereum that are still doing well, and still worth investing on.

I disagree with you to say that Etherum is a good coin to invest in. After Etherum was converted from POW to POS it became a dying coin. Etherum was unable to reach its previous ATH in this past bull run which is a sign that the price might be going down gradually overtime. I prefer Solana and BNB to Etherum.

[Felicity_Tide]

I disagree with you to say that Etherum is a good coin to invest in. After Etherum was converted from POW to POS it became a dying coin. Etherum was unable to reach its previous ATH in this past bull run which is a sign that the price might be going down gradually overtime. I prefer Solana and BNB to Etherum.

Everyone tends to have their preference for different reasons, and I wouldn't be surprised if I see someone who can actually defend Ethereum very well as a good investment option. Personally, I have never been a fan. It's not even about the transition from PoW to PoS, or the high tx fee. It's about the difficulty in discovering new price. If I got my calculations right, it took Ethereum about 5 years to break past it's previous 2021 ATH, and fast forward till this day, it has returned far below that. Meanwhile, there are people who might have probably bought around that price. At this point, they're forced to wait with no 100% certainty because the market hasn't been close to perfect. Bitcoin on the other hand can easily pull a surprise when least expected. And, I haven't monitored Solana though, but I agree with those that suggests BNB.

[Fiatless]

Those who say "other coins go up more" Have you ever traded in altcoins with this logic? And how did that affect your Bitcoin investment?
What was the result? And if you kept spending money into other tokens, how much of your total money did you spend there?

Let's keep the records straight. People have made money from altcoins. Some altcoins have given people more profit than Bitcoin. But the problem is the risk that is involved when you're dealing with altcoins. You might be unlucky to lose most of your investment. It's like gambling, where you can be unlucky to lose or lucky to win big. Howvevr newbies should focus on Bitcoin investment since it is easier to understand and safer to hold for a long time.

I have not been active in buying altcoins because my focus is on Bitcoin. But I was lucky to make a handsome gain from an airdropped token.