About Altcoins Investment Experience - page 6.

Essential10

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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.

After some past success people still invest in alt coins, especially the newbies this trend is more common. Yes it is true that there was a time in the past when many people got involved in alt coins, meme coins. If you believe in long term then you must invest in bitcoin and if you want to invest in altcoin for long term then you can choose ethereum. Ethereum may be as valuable as Bitcoin in the future. I can't speak for all the other altcoins, but Bitcoin and Ethereum seem to me to be the trump cards of the future.

soramon

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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 once lost all my money in shitcoin, I invested in shitcoin, just follow other people, the lesson taken from there is never invest if you don't know what you are investing in. Stay away from it. It's very simple, just buy long-term BTC and have valuable value, be smart in investing and don't be fomo, keep doing your own research

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Quote from: TimeTeller on December 10, 2023, 05:56:24 AM

This is why I got my lesson also in investing alts. For now, I just stick to BTC, ETH and BNB as I can't keep up with the new hype.

That is also my altcoin investment lesson. Due to bitcoin's leading conditions, altcoin trends often happen quickly and depend on bitcoin trends. I followed the altcoin hype too much and forgot about bitcoin. That's also how people often recommend keeping bitcoin in their portfolio. Only bitcoin can return. ETH, BNB also have risky exceptions but it is still better than investing in new altcoins. I love bitcoin but still like to search and invest in altcoins because it can bring big profits in a short time.

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Quote from: Romeotom on December 10, 2023, 09:04:51 AM

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.

Romeotom

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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.

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Quote from: TimeTeller on December 10, 2023, 05:56:24 AM

Quote from: Obim34 on December 10, 2023, 05:32:01 AM

I ignorantly (not an excuse for my loss) invested in one Altcoin, I did put in a lot of my hard earned money into that project hoping it will give me huge returns but I was very late to enter into the market, it gave some persons good profits at the very beginning but my luck could not shine as I nvr made any profit from them and all my money was loss, the team rugged the project. It is quite a long time where else I never had any idea about this forum if at all I have been here by then and gained the knowledge I have now then I would have understood and be extremely careful from having the kind of wrong investment experience. What saved me from the crash was that I did invest what I was able to loss and it never in any way affect my cost of living but we feel the pain even if we lost little money.

You are not alone on this experience. In my early days here, I also did invest in some ICO projects.
But most ICO projects didn't live up to their investors' expectations, definitely, a lot lost their funds.
Though some also got lucky to get good profits. But most of them have had very short lifespan as most devs ran away after they pocketed some.
This is why I got my lesson also in investing alts. For now, I just stick to BTC, ETH and BNB as I can't keep up with the new hype.

ICO were a very risky investment category as at that time there weren't many options to verify that the project team was legit or scammers. So IEO is a better option right now because there is a listing guarantee that shows you will be able to sell off your token in the open market after listing. Keeping our investment around top alts will give us a sense of security but it won't be able to give us 100X. And if i am not mistaken most alt investors want to invest in a project that can do 100X in their next bull season. So low cap coin should be considered.

TimeTeller

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Quote from: Obim34 on December 10, 2023, 05:32:01 AM

I ignorantly (not an excuse for my loss) invested in one Altcoin, I did put in a lot of my hard earned money into that project hoping it will give me huge returns but I was very late to enter into the market, it gave some persons good profits at the very beginning but my luck could not shine as I nvr made any profit from them and all my money was loss, the team rugged the project. It is quite a long time where else I never had any idea about this forum if at all I have been here by then and gained the knowledge I have now then I would have understood and be extremely careful from having the kind of wrong investment experience. What saved me from the crash was that I did invest what I was able to loss and it never in any way affect my cost of living but we feel the pain even if we lost little money.

You are not alone on this experience. In my early days here, I also did invest in some ICO projects.
But most ICO projects didn't live up to their investors' expectations, definitely, a lot lost their funds.
Though some also got lucky to get good profits. But most of them have had very short lifespan as most devs ran away after they pocketed some.
This is why I got my lesson also in investing alts. For now, I just stick to BTC, ETH and BNB as I can't keep up with the new hype.

Obim34

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I ignorantly (not an excuse for my loss) invested in one Altcoin, I did put in a lot of my hard earned money into that project hoping it will give me huge returns but I was very late to enter into the market, it gave some persons good profits at the very beginning but my luck could not shine as I nvr made any profit from them and all my money was loss, the team rugged the project. It is quite a long time where else I never had any idea about this forum if at all I have been here by then and gained the knowledge I have now then I would have understood and be extremely careful from having the kind of wrong investment experience. What saved me from the crash was that I did invest what I was able to loss and it never in any way affect my cost of living but we feel the pain even if we lost little money.

Joseph-P

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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.

The altcoins subject is a very touchy one I must say because people have very subjective opinions about these kind of cryptocurrencies. But for many folks in this industry, those low ranked altcoins, memecoins and shitcoins present the biggest opportunities to make a fortune. I personally never made much trading Bitcoin and eth. Most of my profit in crypto came from BGB at the time when it was a low-cap, XRD, CAGA among others.

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

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.

For a long term investment it's more suitable to use Bitcoin and Ethereum due to their stability, mot meme and shit coins are only good in the short term as most of them lack stability and we're used for just some projects after which they turn out shitty with no value anymore. If you invest in Bitcoin coin in the long term you can be sure to still be profitable and still have your investment safe over the period of investment.

2Pizza410000BTC

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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.

It is completely wrong to believe nothing blindly. Be it Bitcoin or Ethereum you can never invest blindly. There is risk in everything and nothing is established without risk. All the altcoins you hold here are probably all like shitcoin that have lost a lot of value and died. All coins among altcoins are not a headache but there are many coins that have already recovered in price. Investing is a personal matter but should definitely be done in quality and low-risk coins.

johnsaributua

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Quote from: samuraijin on December 09, 2023, 10:01:09 PM

Honestly, I never dared to invest in shitcoins, whatever they are called, because I had an experience where I had several coins that I bought to invest, but however I waited for it to improve, the project actually deceived all investors.

As time went by, that's when I started to think and switch to Bitcoin and Ethereum or BNB which have a fairly stable selling value during bear markets and bull markets, at least these three coins made me more comfortable and always thought positively about the growth of these three coins.

That's right, maybe some of the hodl er including bitcoin and ethereum when the price conditions are lowest this year will get carried away, thinking that selling faster at that time will be better, but apparently the saying is not proven in a few months until now, bitcoin and etreum are gradually recovering and even 3 times return means that it only takes 1-2 more times to get to last year's ath of $61. 000, I realize that by buying funds of hundreds of dollars either bitcoin or ethreum may only get a few decimals Cheesy

, I imagine that when my deep price is dca only, of course I can get 3 times the current price. If BNB I often buy with small amounts only Grin

Some of the altcoins I make are also from twiter bounty or airdrop hunting, if the price doesn't match I prefer to just save it, because I got it for free. Who knows later it could be better when bitcoin surpasses ATH throughout its history

samuraijin

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Honestly, I never dared to invest in shitcoins, whatever they are called, because I had an experience where I had several coins that I bought to invest, but however I waited for it to improve, the project actually deceived all investors.

As time went by, that's when I started to think and switch to Bitcoin and Ethereum or BNB which have a fairly stable selling value during bear markets and bull markets, at least these three coins made me more comfortable and always thought positively about the growth of these three coins.

terizla

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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.

oktana

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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.

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Quote from: kentrolla on December 09, 2023, 05:04:44 PM

Bitcoin and ETH are good for long term but majority of users in the forum or in general are looking to get rich quick which isn't possible and also looking for multi fold return on investment which would be little difficult with Bitcoin or ETH and if you would have would hace checked price of coins like Solana it was trending around $8 at the beginning of the year and now it have increases by 10x, ADA has increased by 3x in last three months which indicates that there are other altcoins as well which is worth investing provided you do a proper research.

This depends on the situation you have. If you have a large amount of income every month and it is easy to get it, then investing in Bitcoin and Ethereum is a very smart choice, but you have to be smart when buying and make sure you always record all the transactions you make. As a portfolio to find out at what price you buy assets, usually profits will be seen when it reaches the next five years because the supply of these two coins will become thinner and it will become more difficult to get them, so that when demand increases while availability dwindles, it will have an important influence on the price circulating on the market.

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Quote from: batang_bitcoin on December 09, 2023, 05:50:16 PM

Quote from: kentrolla on December 09, 2023, 05:04:44 PM

Bitcoin and ETH are good for long term but majority of users in the forum or in general are looking to get rich quick which isn't possible and also looking for multi fold return on investment which would be little difficult with Bitcoin or ETH and if you would have would hace checked price of coins like Solana it was trending around $8 at the beginning of the year and now it have increases by 10x, ADA has increased by 3x in last three months which indicates that there are other altcoins as well which is worth investing provided you do a proper research.

In general, many think that crypto is an all in money making get rich get-rich-quick scheme. They're all wrong, although crypto is also being used by these frauds but the actuality of it is very different from what they're expecting. Every investor needs to be wise with their choice with altcoins and all you have to do is to DYOR. With that, you'll have the idea by simply allotting time in research to know the potentials of the coin that you're investing. Good for me that I've got the popular ones and that's less time to be allotted but those who likes to explore in new altcoins, that's what you need.

Those views are being fueled by the developers of those shitcoins, since ultimately even if someone that knew nothing about this market took a look at bitcoin and its high price, they could immediately come to the conclusion that even if money can be made with it, you cannot become rich with bitcoin by just investing a couple of hundred of dollars anymore, so where this idea comes from and why it is still so popular? And the only answer to that question that makes sense is that the developers of new coins keep pushing that narrative in order to try to get people to invest into their projects.

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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 only realized the lesson after incurring a lot of losses, and that's the nature in every investor. If only majority of people do not trust low ranked altcoins, then people will not experience massive losses but only profitable gains. However, just like what you've said, your money, your rules. And committing losses is not actually bad, it could only make us realized that there's no good investing in random altcoins but focus only in bitcoin and ethereum.

But for beginners in the crypto market, I suggest you focus first in bitcoin but only invest on the amount you can afford to lose. Once you're in profits, you can also add ethereum on your portfolio so you can maximize your opportunity investing and being profitable in the crypto market.

batang_bitcoin

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Quote from: kentrolla on December 09, 2023, 05:04:44 PM

Bitcoin and ETH are good for long term but majority of users in the forum or in general are looking to get rich quick which isn't possible and also looking for multi fold return on investment which would be little difficult with Bitcoin or ETH and if you would have would hace checked price of coins like Solana it was trending around $8 at the beginning of the year and now it have increases by 10x, ADA has increased by 3x in last three months which indicates that there are other altcoins as well which is worth investing provided you do a proper research.

In general, many think that crypto is an all in money making get rich get-rich-quick scheme. They're all wrong, although crypto is also being used by these frauds but the actuality of it is very different from what they're expecting. Every investor needs to be wise with their choice with altcoins and all you have to do is to DYOR. With that, you'll have the idea by simply allotting time in research to know the potentials of the coin that you're investing. Good for me that I've got the popular ones and that's less time to be allotted but those who likes to explore in new altcoins, that's what you need.

kentrolla

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Bitcoin and ETH are good for long term but majority of users in the forum or in general are looking to get rich quick which isn't possible and also looking for multi fold return on investment which would be little difficult with Bitcoin or ETH and if you would have would hace checked price of coins like Solana it was trending around $8 at the beginning of the year and now it have increases by 10x, ADA has increased by 3x in last three months which indicates that there are other altcoins as well which is worth investing provided you do a proper research.

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