About Altcoins Investment Experience - page 5.

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Quote from: Marykeller on December 20, 2023, 12:34:31 PM

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.

Ben Barubal

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Quote from: Mehedi72 on August 29, 2023, 12:31:45 PM

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.

Well, at the point you made in the end, it is correct that everyone can use their capital for the investment they want to make. In addition to what we are talking about, not all meme coins are bad investment projects.

As investors, we are responsible if the investment we make here has bad results. So, whether it's meme coin or shitcoin in the eyes of others, others don't care if we want to invest in meme coin; for them, it's not good. Then there were many who said that and were embarrassed in the end, to be honest.

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My experience with Eth was very good though I got it as results of reward for participating on some contest, but no Altcoins can dare Bitcoin it's still the most trusted of all cryptocurrencies.

I checked the price of different tokens recently I believe there are going well a bit but the chance of success after buying them is very low. I had tokens like ADA and alot of them in my wallet but after a while they go down to 98% valueless.
Although ADA is still increasing and believe it will do more in the bull run.

There are any altcoins I had gotten a bad experience from and that do not make me to see all altcoins as the same.
The market is full of good and bad profits so if we are lucky enough, we might end up losing after we become unlucky to invest in a bad project. The market is big and volatile. Those that knows how to invest in altcoins would be the ones to earn more from the market why others would complaining that the crypto market is risky and not suitable for them to invest. We can make profits and also make loses from the market.

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Quote from: Mehedi72 on August 29, 2023, 12:31:45 PM

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/shitcoin may be a waste of time sometimes. Just like you have said, I also have a lot of shitcoin with no value in my wallet. I bought some when I was still new into cryptocurrency and got some from either airdrop or bounty. Sometimes when I check this wallet, I think within. me if there is still hope for this coin during bull run. After much experience in the crypto space, I think the dream crypto for everyone to buy often and often should be Bitcoin.

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Quote from: Kavelj22 on December 13, 2023, 07:42:38 PM

It's important to avoid generalizing all memecoins as shitcoins since they differ in quality. Many people, including myself, don't consider Dogecoin as a shitcoin and share this sentiment. It's natural for some projects to fail as not all of them follow the necessary steps or adhere to a well-defined roadmap. While Btc, Eth, and BNB enjoy a solid reputation, it's worth noting that there are other reputable cryptocurrencies available. Additionally, we can anticipate the creation of new cryptocurrencies in the future.

You have a good point. And let's not forget that even if they all were same crap, people have every right to invest to anything they want. It's the beauty of crypto. Best one might not even win. Markets don't always reward for hard work, or care, or are fair in any way.

Even if someone thinks all meme coins or altcoins were just total crap and wouldn't vary in quality enough, some people will invest them. Some will lose money, some will make money. And some people will laugh at the investors, saying they are crazy, and i see it as a paraller to people getting laughed at when they are buying nfts, or altcoins with "better" fundamentals. Or even when they bought bitcoin in early days.

People will always judge others when they don't understand where the money comes. They are angry because what they considered as smart investment isn't making that much profits. But that's because markets aren't representing smart people. They are representing greed and fear. Doubly so in crypto markets.

Sophokles

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Quote from: cozytrade on December 19, 2023, 05:28:19 PM

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.

yawao

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if i consider the price jump during these 5y >
1>binancecoin +4,800%
2>dogecoin +4,000%
3>etherum +1,800%
cardano +1,450%
if the owners of ether/Bit did not agree with the reduction of mining profit(who accepted) >> they had rank 1 and 2

to succeed in this profitable market. for guaranteed and faster success two or three important principles should b considered,

1>being mineable (it would b better if a new cryptocurrency network is created on which it is possible to mine with a much higher profit than the current FKNG shitty system blockchain)

2>more reward/coins for finding the blocks.(i mean more than dogecoin or ecash and others)
thisis much smarter/better than stupidly burning coins like beginners/newcomer in this market

3>very much airdrops(and again this is much smarter than burning coins like beginners/newcomer in this market)

mining is a special way for investors because it takes a lot of energy and time, and unfortunately some people think that mining is not an investment and they are nothing but fools.
this work/mining itself is advertising for a coins or networks

4>a lot of advertising on social network like x is great for at least 10 important countries (and an accounts should be created/advertised with the (IP addresses) of these countries so that it can be seen by the people and users of those countries)) > if u for example advertise on reddit.com with a french ip/account address! it is very difficult or impossible to see this advertisement for american or other countries users with ip addresses/accounts

5>ban/restricting other countries to buy and sell or mining in the network will cause tension and drop in prices and value and will remain unstable. >>>
ban/blocking the countries where mining in these countries is more profitable because the energy is more cheaper/political issues is a stupidly mistake and this will cause severe damage to the total value of this cryptocurrency market(which has been)

cryptonewbie

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Personally, I always stick to this mantra - "high risk, high reward." I've also been in that position where I hold so many altcoins (I still do) and they all lose value during bear markets. The worst ones are those whose team abandon the project altogether. Personally, I have made more money from altcoins than BTC or ETH. But I still believe that both BTC and ETH are more stable for long term investments. However, I still hold some altcoins who, despite their value is low now, the team is still working and some already have their products like Denet for example.

Marykeller

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Quote from: Mehedi72 on August 29, 2023, 12:31:45 PM

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.

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.

Quote

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.

Yeah, Anyone can invest their money wherever they want to but not advise them to do so with low-rank altcoins or memecoins. We can only advise them to invest in bitcoin or ethereum, or even better, in the top 20 altcoins on CMC, so they can save themselves. from the stress of losing their money in the long run

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Quote from: Twentyonepaylots on August 31, 2023, 11:48:09 AM

Quote from: Mehedi72 on August 29, 2023, 12:31:45 PM

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.

Based on my experience, I also received tokens from my bounty campaigns back in the day as a reward, and I immediately sold them once I received them in my wallet because I already knew that they would only have a value for a few days, and then their price will go down after a week or a month. It is the reason that the only altcoins I buy and invest my money in are ETH, DOT, BNB, SOL, MATIC, and other top altcoins because I think these coins will have a better value during the bullish season, unlike other altcoins that don't have a good use case or just copying other projects.

This is just the best option rather than acting greedy or too smart, with the opposite mindset not to sell new tokens with the believe that the coin has potential that person is taking a big risk and with such mindset it might lead to loss more especially if the project is just a scam project, I believe more in making research before investing but making research doesn't still make any change, as an investor who wants to invest in long term should make use of trusted tokens like ethereum or bitcoin.

cozytrade

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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.

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Quote from: Y3shot on December 14, 2023, 12:48:13 AM

Most altcoins have the ability to lose value in the market, looking back to to some altcoins that have existed they lost value in the market which they have not been able to recover in the market. Most altcoins are not reliable that is why it is important before going into investing altcoins one needs to make a thorough research about the coin if it is worth investing. I think the only altcoin I know that has a good reputation in the market is ethereum, which has always been the leading altcoin in the market.

It's not about losing value, even if Bitcoin loses value, but it manages to gain it back, as you mentioned as well, most altcoins don't have the capability of regaining the value that they lose which is the reason why they are not reliable for long-term investments. When we talk about long-term trust in cryptocurrencies, the first couple of cryptocurrencies that come to our mind are Bitcoin and Ethereum because they have been around for the longest period and have always proven to be the best.

Ethereum might not be the only altcoin that has a good reputation but it has always been on the top when it comes to trust on altcoins because people can easily invest money in Ethereum and expect good returns even after a long-term because it has never deceived its investors in the past.

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Quote from: Mehedi72 on August 29, 2023, 12:31:45 PM

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 mean isn't that a given at this point? Most every altcoin is made as either a straight up scam, cash grab or project with intentions it will never meet. Most people buy into them not even understanding what they are for but just hoping they go up a lot so they can get back into bitcoin, eth or even fiat. Greed drives the altcoin markets.

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Quote from: Bazzu on December 12, 2023, 06:53:21 PM

Well, it's only Eth and Btc that are starting to try to reach the prices previously obtained in the previous bull run. Apart from that, Matic and ADA also seem to be following towards an increasingly rapid increase. So I can say that in the top 20 there are far more projects that can be trusted. Avax and Solana are also examples. So it can be said that the Layer 1 project seems much more trustworthy. Because even though they experienced a very deep correction, in the bullrun that has just started, we have seen many layer 1 altcoins starting to experience high increases. Meanwhile, we can't expect too many tokens and shitcoins. Because they are like projects that come and go quickly.

No not only them, but they are only leading the way, as they are the giant cryptos in each of their categories. Same goes whenever there is a bear run. These coins are also leading the way, and the rest will just catch up. What you said about the top 20 is right. Mostly they are newly born coins who are on their way to the top. They deserve the top spot better than those who are already there.

I think it's normal that the longer the coin exists, their performance can also degrade. Trust has nothing to do with the price of the coins. A coin can go down but it does not mean that they are not trusted anymore and there are also coins who pumps up but deep inside they are a scam and will disappear later on.

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Quote from: terizla on December 09, 2023, 07:29:21 PM

Yea, most of if altcoins can't survive in bear market and stop after 5-7 months. That's why we must carefully search any project with good benefit for their investor. And i think the project who always dissapointing their community is also very bad for the future of the project. Like the delay of their plan.

Altcoins are not trustable each and every time because there are thousands of altcoins but only few can accomplish well beside which every other altcoin loss its value as time goes. Altcoins can be selected by examining its advantages and use cases and also look into its market cap so it will be easy for you to choose valuable altcoins for longer duration.

There are some strong projects like Ethereum the appearance of which shows that as bitcoin is successful so some altcoins can also be successful in future. Create a plan and search about different coins then realize that which coin is accomplishing well and never died in 12 or 13 years so it will have positive influence on your decision making ability.

Y3shot

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Most altcoins have the ability to lose value in the market, looking back to to some altcoins that have existed they lost value in the market which they have not been able to recover in the market. Most altcoins are not reliable that is why it is important before going into investing altcoins one needs to make a thorough research about the coin if it is worth investing. I think the only altcoin I know that has a good reputation in the market is ethereum, which has always been the leading altcoin in the market.

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Quote from: oktana on December 09, 2023, 07:02:03 PM

Dont entirely call memecoins in this context because not all memecoins are shitcoins. I don’t think of Dogecoin as a shitcoin and I don’t think it’s just me; it’s a generally agreeable thing. However I want to tell you that it’s normal to see some projects fall off; not all projects can be successful because not all of them even followed the right steps and plans or should I say roadmap. Bitcoin and Ethereum (and BNB) are indeed reputable cryptocurrencies, but there’s more and there are more that are yet to be created too.

It's important to avoid generalizing all memecoins as shitcoins since they differ in quality. Many people, including myself, don't consider Dogecoin as a shitcoin and share this sentiment. It's natural for some projects to fail as not all of them follow the necessary steps or adhere to a well-defined roadmap. While Btc, Eth, and BNB enjoy a solid reputation, it's worth noting that there are other reputable cryptocurrencies available. Additionally, we can anticipate the creation of new cryptocurrencies in the future.

bluebit25

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Quote from: Bazzu on December 12, 2023, 06:53:21 PM

Quote from: Mehedi72 on August 29, 2023, 12:31:45 PM

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.

Well, it's only Eth and Btc that are starting to try to reach the prices previously obtained in the previous bull run. Apart from that, Matic and ADA also seem to be following towards an increasingly rapid increase. So I can say that in the top 20 there are far more projects that can be trusted. Avax and Solana are also examples. So it can be said that the Layer 1 project seems much more trustworthy. Because even though they experienced a very deep correction, in the bullrun that has just started, we have seen many layer 1 altcoins starting to experience high increases. Meanwhile, we can't expect too many tokens and shitcoins. Because they are like projects that come and go quickly.

Honestly, the market size as well as the market share of bitcoin and altcoins, their volatility can give us many choices with corresponding level of understanding about crypto. A person can take the risk of buying memecoins and waiting for luck but at the same time understand the fact that they can lose. And for larger things, the risk will be reduced and the opportunity to increase prices is also guaranteed more clearly. IMO, bitcoin is always the core in the crypto space, and the rest always has its own shortcomings but based on the ability to adapt, the opportunity or risk is our own choice.

Bazzu

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Quote from: Mehedi72 on August 29, 2023, 12:31:45 PM

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.

Well, it's only Eth and Btc that are starting to try to reach the prices previously obtained in the previous bull run. Apart from that, Matic and ADA also seem to be following towards an increasingly rapid increase. So I can say that in the top 20 there are far more projects that can be trusted. Avax and Solana are also examples. So it can be said that the Layer 1 project seems much more trustworthy. Because even though they experienced a very deep correction, in the bullrun that has just started, we have seen many layer 1 altcoins starting to experience high increases. Meanwhile, we can't expect too many tokens and shitcoins. Because they are like projects that come and go quickly.

GeorgeJohn

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Quote from: Mehedi72 on August 29, 2023, 12:31:45 PM

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.

Investing in altcoins is a very big risk and someone who is investing in altcoins at least knows that altcoins investment is something that gives profit whenever the particular altcoins you invest on have a volatility, but a process whereby the altcoins you invest on doesn't have a good volatility that means you might lose from the investment, in a normal circumstances bitcoin is best amongst cryptocurrencies to invest on because it has a good volatility in the market, and making profits in bitcoin depends on the amount you invest and also the higher the investment the higher the profits and the profits will manifest during the time of bearish market.

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