Topic: About Altcoins Investment Experience - page 4. (Read 1619 times)
I completely agree with you, projects are coming out on new blockchains, it seems like a good team is a good project, I also decide to invest there, but the project shoots up in price for the first week, then goes into a hard minus and I generally think about a scam, although I repeat, there really is potential in these projects, but still they do not go up like Bitcoin and Ethereum.
Quote from: bastian466
Bitcoin and ethereum indeed, has become the best choice. With that, I avoid everything I don't want.I avoid all offers circulating that promise big profits. I will not be interested because I need peace of mind to live a life that is useless if I invest but my mind is not calm because I think about fear of loss and so on
You can see the evidence in the market and the majority of investors hodling BTC and Ethereum in this bear season and, you will no that there is no way you will hodl all those coins for a long period of time and you will not improve higher in your investment.If you don't want any fear in your hodling, I will advise you to to continue embracing the altcoins that will be giving you peace of mind like Ethereum, Solana and BNB which I know they can give you peace of mind if you want to invest on them.
very appropriate because currently the safest investments in crypto are BTC and ETH. If you want an investment that feels safe and will provide big profits in the long term, most of your portfolio should be filled with BTC and ETH. To be honest after listing I never hold the altcoins I got from bounties or airdrops for long because I immediately exchanged them for BTC.
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.
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.
It also depends, actually BTC and ETH are already old and those who bought them at the beginning will definitely get a lot of profit but we need to remember we also have to look at other altcoins like I bought Solana last year I bought it at approximately 20$ now I have get 4-10x net profits and before you jump into altcoins or shitcoins, research as much as possible first and don't be fomo because it will mislead you and harm ourselves, it depends on ourselves because it is our first decision and don't consider investing the same as gambling. very different
Research about projects and having all details about team are must before investing in any new project because as things are developing we are having few good projects as well which can perform good and have chance of giving good profit for the investors in the future, but one last thing please do your own work before any investment and also just invest which you can afford to lost as well.
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.
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.
It also depends, actually BTC and ETH are already old and those who bought them at the beginning will definitely get a lot of profit but we need to remember we also have to look at other altcoins like I bought Solana last year I bought it at approximately 20$ now I have get 4-10x net profits and before you jump into altcoins or shitcoins, research as much as possible first and don't be fomo because it will mislead you and harm ourselves, it depends on ourselves because it is our first decision and don't consider investing the same as gambling. very different
Quote from: bastian466
Bitcoin and ethereum indeed, has become the best choice. With that, I avoid everything I don't want.I avoid all offers circulating that promise big profits. I will not be interested because I need peace of mind to live a life that is useless if I invest but my mind is not calm because I think about fear of loss and so on
You can see the evidence in the market and the majority of investors hodling BTC and Ethereum in this bear season and, you will no that there is no way you will hodl all those coins for a long period of time and you will not improve higher in your investment.If you don't want any fear in your hodling, I will advise you to to continue embracing the altcoins that will be giving you peace of mind like Ethereum, Solana and BNB which I know they can give you peace of mind if you want to invest on them.
Bitcoin and ethereum indeed, has become the best choice. With that, I avoid everything I don't want.I avoid all offers circulating that promise big profits. I will not be interested because I need peace of mind to live a life that is useless if I invest but my mind is not calm because I think about fear of loss and so on
There is very expensive idea which is the best step for buying top currency for dip price and it will good profitable history. What was the trend ieo, ico, ido and many investors enjoy there profits category. I was receiving lot of profits from ico trand and this opportunity was live very long time.
But ICO is dead now as why will one invest into it when they knew that more than 90% of project would either run away with your money or just dump the tokens on the same day of launch. I don't think people will go for ICO anymore though IEO is still a considerable option but for me it would be investing into the top coins like BTC & ETH during the dip and regular investment throughout the year. Not thinking of any ICO or IEO at the moment.
That's true op. Only because of more profit we usually don't hesitate to buy new altcoins, memecoin even shitcoins. Maybe people were benefited from such profit but I think most of the people ended up their investment with losses cause this is a technique where such project trying to make you convince that they are best and that's why they are flying but after investment you will realize that you did mistake. Its true that btc eth won't give you 10x but atleast they don't dump 10x too. That's why it's safe. But a person want more profit then he could use his extra money what they can effort losing whatever the situation will be
Top ranked coins should be preferred for investment and long term holding. If you are a true investor then you must have a tendency to hold for the long term. Choosing an altcoin must consider their team, transparency of the project and everything else. Keep in mind that you must deal with high risk.
Apart from maybe 1 or 2, other altcoins are not suitable for long-term holding and most people don't do that, and those who do are playing with fire which means that it's full of risk when you are holding altcoins in your portfolio, and aiming to sell them after a long time. When you think of long-term investment, Bitcoin and Ethereum are the only cryptocurrencies that will pop up in your mind because these two are the safest when it comes to long-term.Altcoins in general are used by scalpers and short-term traders because of them being highly volatile and unpredictable. You can't know if an altcoin will survive for two years after it has been launched and even if it does survive, will it be able to gain any value or even maintain the current value? The answers to these questions are unknown.
Any altcoin that was doing well and drastically reduced to 90% 95% will not come back to life again and whenever you are investing in any altcoin make sure have to make research on the coin or the project and I'd there is no good review found about the project or the coin then don't invest in it and look for another coin that is good. Apart from Bitcoin and Ethereum there are other good coins to invest. Dogecoin, Litecoin and Eloncoin are some of them you have to look into but make research before investing.
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.
The reason on why they lost their value would be is, they are built poorly. There are also those who built with a better quality but their developers can't keep up with the pace for some reasons. So, the investors lost their motivation as well to continue supporting the project. This is why what you said is true that we should not invest blindly. When we say blindly, it is when you buy and forget. It's important to always monitor our investment and stay updated online or offline to know what is happening. If we think we can't do that well, then it's better if we can just pick up Bitcoin, or/and Ethereum. As like you said, these two coins are already proven through time. 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.
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.
This is altcoins for you , it is very risky which it can crash at anytime without you knowing. I think some altcoins just have specific time to do well in the market. Altcoins are not investment you need to hodl for a long time, hodling for long you may end up losing it if eventually it gets crashed. I think it is always good to take profit while investing or trading altcoins because you never can tell what will happen in the market, most altcoins have a short life in the market. 
It's not only for altcoins, even for Bitcoin, it performs well because of the hype it has gotten throughout the years and it's still getting it. Every single cryptocurrency or anything in the world performs well or gains more value when it's hyped and people demand it more if the supply is less than the demand. People love Bitcoin, it's the most demanded cryptocurrency which is the reason why it has such a high value, I know it has properties that are unique as well but that's a different thing.
About trends, you are right. We can often see trends entering the market and almost every single person starts directing their investments towards that trend because people understand that when there is a trend, it means there are opportunities to make money if you can manage to get in on time.
The current trend is on the Solana network and many memecoins and shitcoins have appeared on the Solana network. it provides a lot of advantages if you get in early and find good coins. from thousands of market caps it can rise to millions of market caps in an instant. this is an instant profit on altcoin investment and also an instant loss when entering on the wrong coin. Following trends to earn a lot of money is sometimes necessary and you have to be clever in taking advantage of these conditions. About trends, you are right. We can often see trends entering the market and almost every single person starts directing their investments towards that trend because people understand that when there is a trend, it means there are opportunities to make money if you can manage to get in on time.
Altcoins are sometimes at the top and sometimes carry high risk that's why everyone prefers altcoins for investment but before investing it is important to have experience about the altcoin market. Which coins are at the top in the market they should be selected and move forward considering the market. It is easy to deal with good losses if you research which projects are managing the coins for investing.
Top ranked coins should be preferred for investment and long term holding. If you are a true investor then you must have a tendency to hold for the long term. Choosing an altcoin must consider their team, transparency of the project and everything else. Keep in mind that you must deal with high risk.
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.
This is altcoins for you , it is very risky which it can crash at anytime without you knowing. I think some altcoins just have specific time to do well in the market. Altcoins are not investment you need to hodl for a long time, hodling for long you may end up losing it if eventually it gets crashed. I think it is always good to take profit while investing or trading altcoins because you never can tell what will happen in the market, most altcoins have a short life in the market. Investing in AltCoin requires a thorough understanding of AltCoin. Because not all altcoins are suitable for recruitment. Most of the altcoins were found to have lost their character which never returned to normal. And altcoin I have invested heavily in but the rewards have been pretty much nil. So I think it is better for investors to trust ETH for long term investment rather than focusing on all kinds of altcoins. ETH funds offer a lot of security. But from my site I prefer bitcoin over altcoin for investment because I have earned more by investing in bitcoin than what I have earned by investing in altcoin.
It is not possible to understand or go through all the altcoin concepts because there are too many of them. In altcoin marketplace the money flows from one trend to another. If there is hype going around a narrative or an ecosystem most of the project in that narrative or ecosystem will perform better. Just look at the recent airdrop hype is different ecosystems. First solana, cosmos then INJ, where most of the projects in these ecosystem are performing very well compared to other altcoin because there is a lot of hype going around and investors are speculating with their money in those project.About trends, you are right. We can often see trends entering the market and almost every single person starts directing their investments towards that trend because people understand that when there is a trend, it means there are opportunities to make money if you can manage to get in on time.
I don't think the bitcoin price rises only for hype. It has demands in the market which attracts real users who use bitcoin for various purposes. But for hype project investors move their money from one project to another and that's why none of those projects get any solid ground in the market. In most altcoins, if the whale investors dump their holdings, the market will crash because retail investors only came when there was hype going around that project. Most of the altcoins are for short term profit which is why there are so many altcoin that failed to survive until the next bull run.
Investing in AltCoin requires a thorough understanding of AltCoin. Because not all altcoins are suitable for recruitment. Most of the altcoins were found to have lost their character which never returned to normal. And altcoin I have invested heavily in but the rewards have been pretty much nil. So I think it is better for investors to trust ETH for long term investment rather than focusing on all kinds of altcoins. ETH funds offer a lot of security. But from my site I prefer bitcoin over altcoin for investment because I have earned more by investing in bitcoin than what I have earned by investing in altcoin.
It is not possible to understand or go through all the altcoin concepts because there are too many of them. In altcoin marketplace the money flows from one trend to another. If there is hype going around a narrative or an ecosystem most of the project in that narrative or ecosystem will perform better. Just look at the recent airdrop hype is different ecosystems. First solana, cosmos then INJ, where most of the projects in these ecosystem are performing very well compared to other altcoin because there is a lot of hype going around and investors are speculating with their money in those project.About trends, you are right. We can often see trends entering the market and almost every single person starts directing their investments towards that trend because people understand that when there is a trend, it means there are opportunities to make money if you can manage to get in on time.
I also received many altcoins from bounties as well when I was finding my way in crypto as a newbie. But as time went on, I realized that altcoin tokens are not worth holding for the long term, instead they are preferable for the short term. It is good sell them off when you realize a profit, if not, they will become worthless investment in your portfolio.
All those altcoins that you have received from bounties will provide you more profit during halving because they are free of cost and you gain it through Completing a task. Those who buy altcoins are sometimes at risk because they don't know that this new altcoin is profitable or not but if someone received it out of cost then if unfortunately it shows reduced cost then your financial status will not be effected.
For longer term you can only hold etheruem among all other altcoins whereas other altcoins should be put on sell whenever they rise in value because there is no guarantee about its future worthiness. Holding altcoins longer if they have no value but once it attain value even a small increase then a holder should accept this rise otherwise it will become regression for you.
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