About Altcoins Investment Experience

Zanab247

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Quote from: Mehedi72

Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.

When you include BTC and ETH in your investment, you don't have anything to worry about in your investment because you have put your money in the right investment that will increase your profits when you hodl them till the right time which is the bull season before you can market them to achieve profits.

If you look around, you will know that long hodlers are the ones making a huge amount of profits from the market than the short term hodlers, and it will be for your favor if you can hodl for long to earn big in your hodling.

I have lost many times in shitcoins investment ,that made me to vow never to invest my money on them than to make a good choice that will help me to succeed at the end of my investment because everyone want to make profits, and for you to make a good profits you need to invest in a good coins.

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Quote from: Mehedi72 on August 29, 2023, 11:31:45 AM

I did invest in lots of altcoins and i received many tokens from bounties as reward. I experienced that, most of the tokens turns into shitcoin or dead after a few months. Some Altcoins performed very good for a certain time then all of those lost 90-95% of values and still traded on exchange with so called volume. Thus process is continued. Even top altcoins also replaced by new altcoins. 2017 vs 2023.

Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.

One thing we need to understand is that investing is Bitcoin is more secure than buying random shit coins and holding them for too long.
It is good we buy all these shit coins for a limited time. I can see myself holding many of the shit coins for too long because it's going to be waste of time and funds if anything happens to them and they eventually loses liquidity especially when holders started selling their holdings just to invest in other tokens because of the nature and ways many of these shit coins do die off.

AnonBitCoiner

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Quote from: OrangeII on March 05, 2024, 01:08:21 AM

Not all altcoins can be scams, because there are several altcoins that are also worth considering now.

Every type of altcoin is present here some are so profitable while others are useless so it's up to us that which type of coin we are accepting. Some people invest in quickly pumping coin due to their greed but they don't remember that such type of coins are just based on pumping and dumping which remains down forever after getting money from its holders.

Not every coin can be term as scam but all fear about scam project exists in new coins while old have curiosity of large number of individuals due to their continues success and adding value every year.

tengui

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Invest according to your desires and goals. If you want long-term investment, choosing BTC and ETH is the right choice. but of course to make a profit takes a long time because the goal is long term, but this kind of investment has a safer risk. However if you have short-term investment goals or take advantage of the hype, it doesn't matter if you invest in new altcoins or meme coins. However this kind of investment carries higher risks.

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Quote from: OrangeII on March 05, 2024, 01:08:21 AM

Well, Bitcoin and Ethereum are indeed the most appropriate choices for the long term. If we want to invest in altcoins, we need in-depth research and analysis on a regular basis. Because the reason is that there are so many altcoins that are only developing at the beginning, or have lost the competition. Not all altcoins can be scams, because there are several altcoins that are also worth considering now.

Projects will fail and also pump, keep track on every single investment made. Altcoins have taught me lesson but I've learn to adapt to the current position I've found myself and will always trigger good moves in the market. Bitcoin and Ethereum have brought popularity to the market and we have these top firms that have accumulated huge pieces of BTC and ETH, they just keep trading and HODL for the heavy bullish season, that's the particular season of making their substantial profits.

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That's true op.I'm also among those investors who experienced similar cases with altcoins. That's the reality of crypto market. Only bitcoin and ethereum are best coins and no altcoins can beat their potentiality. Other altcoins are for short term and if you miss the timing of investment, then you'll be in loss. But btc and eth are for long term holding and they'll generate profit for you without any doubt. We think that altcoins are more profitable but at the end of the day, btc and ethereum both are only real gem in market

OrangeII

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Well, Bitcoin and Ethereum are indeed the most appropriate choices for the long term. If we want to invest in altcoins, we need in-depth research and analysis on a regular basis. Because the reason is that there are so many altcoins that are only developing at the beginning, or have lost the competition. Not all altcoins can be scams, because there are several altcoins that are also worth considering now.

leonair

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Quote from: Mehedi72 on August 29, 2023, 11:31:45 AM

I did invest in lots of altcoins and i received many tokens from bounties as reward. I experienced that, most of the tokens turns into shitcoin or dead after a few months. Some Altcoins performed very good for a certain time then all of those lost 90-95% of values and still traded on exchange with so called volume. Thus process is continued. Even top altcoins also replaced by new altcoins. 2017 vs 2023.

Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.

Altcoin is always risky because It's volatile is too fast. you will not able to take right decision here must of the time. Because there are thousands of altcoins you will be able to make an accurate prediction very quickly about which coins will pump when and which coins you should invest in. But since altcoins pump very fast, you can make quick profit from here in a short period of time. However, in addition to this, the price of altcoins also decreases quickly, so there is a high chance of making a big loss. So to invest in altcoins you have to take risk

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Quote from: Mehedi72 on August 29, 2023, 11:31:45 AM

I did invest in lots of altcoins and i received many tokens from bounties as reward. I experienced that, most of the tokens turns into shitcoin or dead after a few months. Some Altcoins performed very good for a certain time then all of those lost 90-95% of values and still traded on exchange with so called volume. Thus process is continued. Even top altcoins also replaced by new altcoins. 2017 vs 2023.

Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.

I've had similar experiences with altcoins. Many I've invested in turned out to be "shitcoins" or lost value over time, with Ethereum being the most successful one I've held. As a result, I rarely hold altcoins for a long period, typically no more than 20% of my portfolio and for a maximum of one year, sometimes selling them within hours of their market launch.

Patrol69

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There are some altcoins that have a fairly good investment experience, but most altcoins have a poor investment experience. I have lost enough of my money investing in some altcoins since then I have always refrained from investing in all types of altcoins. However, there are some coins that can be trusted, including Ethereum BNB. I invested some amount when the price of Ethereum was at $2500 which I have held till now and in this short period of time my investment in Ethereum has made quite a profit. We have also seen a substantial increase in the price of Ethereum in proportion to the price of Bitcoin, and at this point I am happy to invest in Ethereum.

leonair

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Quote from: rozak on February 27, 2024, 12:24:20 PM

Quote from: Troytech on February 27, 2024, 12:17:14 PM

Your very right, investing in altcoin is a very risky practice that's why I just neglect it, most persons that are attracted to alcoins are there cause of greed and want to cash out those 50x or 20x on their investment but fail to understand that most of this project have no real world utility, and are mostly ran by centralized communities that have other agenda to dump the projects.

I won't write off all the other altcoin, but I think exchange coins are another good set of projects to invest inm even if they might be slow in growing but they have better chance of survival than most other projects in the crypto market.

Investing In bitcoin and Ethereum is good but I prefer to invest only in Bitcoin cause all other altcoin are just duplicate of that same idea and bitcoin is still very early and can still grow even more, so I'll rather use this opportunity to boost my portfolio before it gets really too late.

those who want to profit from such altcoins must be very focused on the assets they invest in. They can't afford to miss the moment and are more likely to be short-term. avoid investing in such altcoins for the long term, it will only lose you money. The longer it takes, the more value it will probably lose.
Not all altcoins are indeed bad, but most of what we see nowadays are ones that come and go in a short time.

Altcoins pump a lot from time to time but it cannot be predicted. Bitcoin follows its price chart in many cases and it can be seen that it can do the same circle every 4 years so holding Bitcoin for long term can profit from it. But in the case of altcoins, it is not able to maintain its price for a long time even if it is pumped first. Altcoins basically move based on hype. Coins pump a lot when hype builds on them. and when the hype dies down, it does a much bigger dump again. so in the middle of the hype you have to take profit from altcoins. It requires a lot of activeness.

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Quote from: rozak on February 27, 2024, 12:24:20 PM

Quote from: Troytech on February 27, 2024, 12:17:14 PM

Your very right, investing in altcoin is a very risky practice that's why I just neglect it, most persons that are attracted to alcoins are there cause of greed and want to cash out those 50x or 20x on their investment but fail to understand that most of this project have no real world utility, and are mostly ran by centralized communities that have other agenda to dump the projects.

I won't write off all the other altcoin, but I think exchange coins are another good set of projects to invest inm even if they might be slow in growing but they have better chance of survival than most other projects in the crypto market.

Investing In bitcoin and Ethereum is good but I prefer to invest only in Bitcoin cause all other altcoin are just duplicate of that same idea and bitcoin is still very early and can still grow even more, so I'll rather use this opportunity to boost my portfolio before it gets really too late.

those who want to profit from such altcoins must be very focused on the assets they invest in. They can't afford to miss the moment and are more likely to be short-term. avoid investing in such altcoins for the long term, it will only lose you money. The longer it takes, the more value it will probably lose.
Not all altcoins are indeed bad, but most of what we see nowadays are ones that come and go in a short time.

Your not wrong when you say not all altcoins are badbut the problem with investing in them comes with the uncertainty of identity which is a good one, at times projects that we think is good starting out with all the best hype and even gave out some good profits to early investors turn out to be trash and just a pump and dump, we have ecounterd so many of them on this crypto space and another thign I think it's so hard is to time the market cause you don't even know when it would happen.

rozak

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Quote from: Troytech on February 27, 2024, 12:17:14 PM

Your very right, investing in altcoin is a very risky practice that's why I just neglect it, most persons that are attracted to alcoins are there cause of greed and want to cash out those 50x or 20x on their investment but fail to understand that most of this project have no real world utility, and are mostly ran by centralized communities that have other agenda to dump the projects.

I won't write off all the other altcoin, but I think exchange coins are another good set of projects to invest inm even if they might be slow in growing but they have better chance of survival than most other projects in the crypto market.

Investing In bitcoin and Ethereum is good but I prefer to invest only in Bitcoin cause all other altcoin are just duplicate of that same idea and bitcoin is still very early and can still grow even more, so I'll rather use this opportunity to boost my portfolio before it gets really too late.

those who want to profit from such altcoins must be very focused on the assets they invest in. They can't afford to miss the moment and are more likely to be short-term. avoid investing in such altcoins for the long term, it will only lose you money. The longer it takes, the more value it will probably lose.
Not all altcoins are indeed bad, but most of what we see nowadays are ones that come and go in a short time.

Troytech

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Quote from: Mehedi72 on August 29, 2023, 11:31:45 AM

I did invest in lots of altcoins and i received many tokens from bounties as reward. I experienced that, most of the tokens turns into shitcoin or dead after a few months. Some Altcoins performed very good for a certain time then all of those lost 90-95% of values and still traded on exchange with so called volume. Thus process is continued. Even top altcoins also replaced by new altcoins. 2017 vs 2023.

Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.

Your very right, investing in altcoin is a very risky practice that's why I just neglect it, most persons that are attracted to alcoins are there cause of greed and want to cash out those 50x or 20x on their investment but fail to understand that most of this project have no real world utility, and are mostly ran by centralized communities that have other agenda to dump the projects.

I won't write off all the other altcoin, but I think exchange coins are another good set of projects to invest inm even if they might be slow in growing but they have better chance of survival than most other projects in the crypto market.

Investing In bitcoin and Ethereum is good but I prefer to invest only in Bitcoin cause all other altcoin are just duplicate of that same idea and bitcoin is still very early and can still grow even more, so I'll rather use this opportunity to boost my portfolio before it gets really too late.

ThemFloo

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bitcoin indeed good.
There is no doubt that bitcoin is good for the long term.
but we also shouldn't be selfish, because many altcoin have managed to make a profit, namely with short-term time.
indeed altcoins cannot be for the long term yes.

Tmoonz

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Altcoin the dream of getting rich quick, I had a friend who invested in Altcoin with the aim of getting quick profits, the hypes and trends of the projects where too real and promising not only to know that it was more like a time bomb waiting to explode, it was just a pump and dump coins and he lost his investment. Most time we get excited seeing a successful investor without considering the up and down in the market, thou Ethereum has proven to be the most reliable altcoin.

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Quote from: Nazmul012 on February 18, 2024, 01:35:11 PM

Quote from: Bureau on December 09, 2023, 08:15:39 AM

Quote from: Nazmul012 on December 09, 2023, 07:57:20 AM

~~~

They both are a choice of many but, their existing price makes them not an easy investment. In the meantime, there are other altcoins that are similar to Ethereum that have good potential. From my knowledge, I would go for Solana, Cardano, and BNB, all three of them have the potential to pump as well as generate good profit for any investors

Bitcoin & Ethereum both already archive higher value and maybe many think these currency expensive & different to invest as you also mentioned. Basically who want to generate higher benefit from cryto, Bitcoin & ethereum aren't satisfactory investment for them but still have space to raise up 2/3 times higher from current value. And sol, ada, bnb are good for long time too and it isn't bad to hold such altcoins which will going to competitive with ethereum. That's why i told that potential altcoins are also important part of this crypto industry

I think this is your own opinion and it doesn't necessary mean people will think like this when talking about altcoins, some people when discussing about altcoins the first thing they'll think are newly project just like the thread we see here from newbies asking which best newly tokens to pump so they can earn profit.
I think the op is actually making a comparison with the altcoins he saved and some might bring profit while some will dump, it's best for everyone to think carefully before investing in any coin regardless of what the op said and with everyone opinion or personally from my opinion bitcoin should not be compared to other tokens.

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Quote from: Bureau on December 09, 2023, 08:15:39 AM

Quote from: Nazmul012 on December 09, 2023, 07:57:20 AM

~~~

They both are a choice of many but, their existing price makes them not an easy investment. In the meantime, there are other altcoins that are similar to Ethereum that have good potential. From my knowledge, I would go for Solana, Cardano, and BNB, all three of them have the potential to pump as well as generate good profit for any investors

Bitcoin & Ethereum both already archive higher value and maybe many think these currency expensive & different to invest as you also mentioned. Basically who want to generate higher benefit from cryto, Bitcoin & ethereum aren't satisfactory investment for them but still have space to raise up 2/3 times higher from current value. And sol, ada, bnb are good for long time too and it isn't bad to hold such altcoins which will going to competitive with ethereum. That's why i told that potential altcoins are also important part of this crypto industry

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Quote from: Mehedi72 on August 29, 2023, 11:31:45 AM

I did invest in lots of altcoins and i received many tokens from bounties as reward. I experienced that, most of the tokens turns into shitcoin or dead after a few months. Some Altcoins performed very good for a certain time then all of those lost 90-95% of values and still traded on exchange with so called volume. Thus process is continued. Even top altcoins also replaced by new altcoins. 2017 vs 2023.

Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.

Man, I can relate to what you said here. I bought a lot of altcoins and even got few tokens/coins are from tips, there was a huge group with tipping people tokens/coins on telegram. and I withdrew some good amount of shitcoins and altcoins to my wallet. Guess how rich I was? $0.15 lmao..

My only worthwhile coin was a bit of MANA. And the rest was total garbage, not even worth the effort to sell.

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Quote from: bolshojkush on January 26, 2024, 09:16:09 AM

Quote from: Mehedi72 on August 29, 2023, 11:31:45 AM

I did invest in lots of altcoins and i received many tokens from bounties as reward. I experienced that, most of the tokens turns into shitcoin or dead after a few months. Some Altcoins performed very good for a certain time then all of those lost 90-95% of values and still traded on exchange with so called volume. Thus process is continued. Even top altcoins also replaced by new altcoins. 2017 vs 2023.

Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.

As if he voiced my thoughts, there are also a lot of coins in wallets that cost nothing, and how much time I spent on this is just terrible. I should have sold what I earned right away, but I decided to wait, in the end I didn't get anything. Don't make the same mistakes.

I've never earned coins from a bounty, but I can relate to what you're feeling. Because I have also experienced buying altcoins that were already registered on the exchanger, I even bought several new coins, but over time my assets fell to minus 50% so I experienced a loss, because I thought the altcoin I bought would rise again but it didn't. This is my worst experience in altcoin investment, indeed many people can benefit from altcoin investment but this requires good knowledge and analysis as well as knowing when is the right time to buy and knowing the right moment to sell.

However, in essence it is true as you said, the right choice to invest is only in bitcoin and etherum because it is proven that it continues to grow and the community is getting stronger and the fundamentals are also good for the future. Investing in altcoins is like gambling, the risks are too big if you can't analyze them well.

Topic: About Altcoins Investment Experience (Read 1619 times)