About Altcoins Investment Experience - page 7.

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Quote from: vs2014 on December 03, 2023, 09:03:13 AM

I have 300+ tokens in my bounty wallet with zero value and about 95% of the project is now dead. Also I bought many tokens in the past year and made huge profits there. To make the best of all investments you need to be a skilled investor and stay connected to the crypto market. You may find that the altcoins market has been floating for a long time so use the best time to invest in good coins that will give you a lot of profit in the future.

Projects that run bounty campaigns and generally use free advertisement methods to promote their products and services barely become successful projects and you will usually see them dying off within a year from their release because they don't get substantial attention from the industry and thus they lack the funds to continue with their developments which becomes the reason for them to call it off even if they didn't have planned things that way.

That's why, one should never invest in projects that they see in bounty sections or those giving away a few tokens to every user for free as an airdrop because a good project with a good roadmap and a foolproof plan wouldn't have to rely only on such methods of advertisement and they will succeed even without them.

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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.

99% of the contemporary projects goes to become nothing. In most cases it's wiser to dump you bounty coins as soon as you can in exchange of some top level coins. Though some coins becomes a success and could bring more profit than you expect.
Btc and eth are good options but there are a hundred more coins that I believe could perform better than btc and Ethereum in long term as well as short term.

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

I agreed with you op. Bitcoin and ethereum both are best choice for long time investment which assuring us safety and security also. But you can't neglect rest of altcoins cause those are also important, many of those also have real uses and do contributions for us. We did need to purchase those potential altcoins not shitcoins. But i agree that nobody can't guarantee any those of altcoins when its come to long term investment or holding perpose. Altcoins are good for making short time profit but yeah btc and eth are an asset for long terms

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. They have seen their best low after 2021 and by 2025 they will achieve their highs, if or unless there is an issue. Looking back before 2021 many cryptocurrencies had huge potential, thanks to the development team they became obsolete and no one is ready to invest in them. As said by many and there are data to prove it almost 98% of cryptocurrencies are now redundant.

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I agreed with you op. Bitcoin and ethereum both are best choice for long time investment which assuring us safety and security also. But you can't neglect rest of altcoins cause those are also important, many of those also have real uses and do contributions for us. We did need to purchase those potential altcoins not shitcoins. But i agree that nobody can't guarantee any those of altcoins when its come to long term investment or holding perpose. Altcoins are good for making short time profit but yeah btc and eth are an asset for long terms

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Alt coin is very risky so prefer bitcoin and ethereum instead of alt coin because it can be hold long term project because it can give you best profit on the other hand the alt coin sometimes it is go up and then fall down from the soul, the benefit is too much sometimes, but if we do it in the wrong term, it can also give us a lot of loss so keeping this thing in mind, we should be preferred bitcoin It's a great layout and it's a long-term project. It won't hurt you as much as it will help you

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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.

Investing in BTC is the safest choice when it comes to crypto investment. It also has its own risks but they are not as severe as other altcoins. Altcoins that are reputable and have created a name in the industry could be considered as an investment asset but always proceed with caution. And when we talk about new altcoins that have popped up recently and have no background, they should be ignored.

Don't get me wrong, people are still making profits out of them. But those coins last for a few days or months based on the hype and trend created my the people and investors. When the trend and hype are gone, they will be gone too. If you are able to take advantage of the situation, only then you should invest in those altcoins. If not, then try to stay away form them.

vs2014

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I have 300+ tokens in my bounty wallet with zero value and about 95% of the project is now dead. Also I bought many tokens in the past year and made huge profits there. To make the best of all investments you need to be a skilled investor and stay connected to the crypto market. You may find that the altcoins market has been floating for a long time so use the best time to invest in good coins that will give you a lot of profit in the future.

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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.

It is common knowledge that meme coins can make you rich suddenly and poor quickly, if you don't follow the movements of these coins.
if btc and eth are safer why should you invest in meme coins, even though the wait is long but the loss rate is minimal,

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Quote from: irsykes on November 26, 2023, 07:49:26 AM

In my opinion, investing in the bull season is best for the short term, because there is a lot of hype and trends in new projects or coin memes. as I experienced in 2021 at the beginning of the hype coin meme month like safemoon gave me big profits. I only got a small capital of 70$ to 3k and a few other meme coins. Certainly see that crypto conditions are good

I can not agree with your statement because in my opinion bear season is the right time to invest and bull season is to take profit. As an investor do you wants to buy bitcoin when its in the dip or you buy it at its peak? The choice is easy and reasonable. The more time passes and the market gets close to the bull season you will lose your chance to enter the market early. There is a long accumulation zone in the bear market and what i think is millions is being made in bear market because they invest in quality project when the price is quite low and book profit when everyone buying the top.

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Quote from: AnonBitCoiner on November 26, 2023, 05:46:57 AM

I think if those tokens which you have received from bounties if you keep for longer timing then there is no issue and it will give you greater profit in future because you did not use your money to buy it. If you don't like altcoins then don't buy it because a person if don't like something then he Don't like to know about it and it's obvious that if you have no knowledge about beneficial altcoins then random selection can give you zero results.

how can someone dislike something they have no knowledge about?

everyone should have a clean slate when approaching any cryptocurrency bitcoin was once a newly launched project too but those who believed in it and invested in it got big profits now how can you spot a potentially good project if you already have negative idea about all of them without even bothering to check it out

Quote

People are only able to take benefit from bitcoin because they don't want to realize about altcoins and those who seek knowledge and tried to realize attained useful profit from altcoins. Actual thing is interest so try to create your interest after which you will search about every coins and will say that without bitcoin there are also some beneficial altcoins too which can give you profit.

i guess because there are so much altcoins out there people are naturally not interested because they would have to put so much work instead of just focusing on bitcoin

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Quote from: Apocollapse on August 30, 2023, 03:12:52 AM

Wrong, Ethereum isn't a safe token and can be trusted without you know the token. If you check it more deeply, Ethereum's developers are holding a lot premined ETH to enrich themselves. With the move from POW to POS, this make ETH become more centralized.

No matter how we look at it, after BTC, the next available coin to be trusted is Ethereum. Forget all the stories of centralisation and the rest, a common man investing in either BTC or ETH does not care if it is decentralized or not, what they want is the profit of their investment in a short or long term.
Talking about the alleged pre-mined ETH, doe it in any way stop the price of ETH from rising when it's supposed to? If you were to be the creator of ETH, will you not premine some coins for yourself?
Have you checked the Satoshi addresses, what do you have to say about the amount of BTC in the addresses?

In summary, Ethereum has proven to be the king of Altcoins and is widely trusted.

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In my opinion, investing in the bull season is best for the short term, because there is a lot of hype and trends in new projects or coin memes. as I experienced in 2021 at the beginning of the hype coin meme month like safemoon gave me big profits. I only got a small capital of 70$ to 3k and a few other meme coins. Certainly see that crypto conditions are good

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I agree with you, if you look at the top 10 data from 2016 - 2023 on cmc you will see how much change there has been in altcoins, everything is changing and shifting, some are still there but are in the top 100, some are quite good like xrp. but on average it will die within a few years. but the king remains in first position until now, I agree that BTC and Eth are the right choice for the largest portfolio proportion.

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Quote from: AnonBitCoiner on November 26, 2023, 05:46:57 AM

I think if those tokens which you have received from bounties if you keep for longer timing then there is no issue and it will give you greater profit in future because you did not use your money to buy it. If you don't like altcoins then don't buy it because a person if don't like something then he Don't like to know about it and it's obvious that if you have no knowledge about beneficial altcoins then random selection can give you zero results.

People are only able to take benefit from bitcoin because they don't want to realize about altcoins and those who seek knowledge and tried to realize attained useful profit from altcoins. Actual thing is interest so try to create your interest after which you will search about every coins and will say that without bitcoin there are also some beneficial altcoins too which can give you profit.

This is true for only those project that are backed by VC and are doing good in terms of development. This forum had many good altcoin project that still exist in the market though their price isn't that great right now. As an example if you have received tokens from bounty campaigns like DIA, Cartesi, HEX, SOV then you are at a loss right now as the price of all these tokens rose pretty high in the last bull market, but right now it is sitting at its bottom. If you have received token in a bull season then it will be profitable to sell off those alts as their price can be pretty bad in the bear market.

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I think if those tokens which you have received from bounties if you keep for longer timing then there is no issue and it will give you greater profit in future because you did not use your money to buy it. If you don't like altcoins then don't buy it because a person if don't like something then he Don't like to know about it and it's obvious that if you have no knowledge about beneficial altcoins then random selection can give you zero results.

People are only able to take benefit from bitcoin because they don't want to realize about altcoins and those who seek knowledge and tried to realize attained useful profit from altcoins. Actual thing is interest so try to create your interest after which you will search about every coins and will say that without bitcoin there are also some beneficial altcoins too which can give you profit.

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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.

Investing with Bitcoin and Ethereum as well needs to be done in the long term if you must be profitable enough in either of them, although they both look very safe and good for investing in the long term they can some times make you loose some money if you invest in them for the short term but still they don't turn out worse as other meme coins which can be frustrating in some cases. Personally I see investing in meme coins as gambling because these coins can turn out dead at any time.

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Quote from: TelolettOm on November 25, 2023, 06:57:02 PM

It seems like many of us are experiencing the same thing. I have a lot of shit tokens in my wallet that I got from bounties and airdrops. However, if it's for investments purchased with my own money, it seems like I've been in Shiba Inu and SUN. I think it was my worst purchase and to this day they are still there. I don't know whether it will be really good or not in the future. Don't focus too much on altcoins, it's better just on Bitcoin. That's my experience so far.

There's more shitcoins to invest in and reap solid profits within days of investment, as long as we're in memecoins season, chances of exploring and generating massive profits become very accessible. Talking about Shiba Inu, it was one of the shitcoins I've invested, though I made quite good figures from the project, you can only complain when you made nothing besides you might have trigger an entry in Shiba Inu when it's already late and influential whales have removed their profits, I think that was the specified moment you enter the market and saw completely zero profits to depend on. I also do agree with you about bitcoin been the most prominent projects in the market.

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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.

It seems like many of us are experiencing the same thing. I have a lot of shit tokens in my wallet that I got from bounties and airdrops. However, if it's for investments purchased with my own money, it seems like I've been in Shiba Inu and SUN. I think it was my worst purchase and to this day they are still there. I don't know whether it will be really good or not in the future. Don't focus too much on altcoins, it's better just on Bitcoin. That's my experience so far.

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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.

Bitcoin and ETH is safer compared to other altcoin because they are battle-proven and survived all the bear season. So if you can not take the risk then only invest in some major altcoin or bitcoin. You have said that you have invested in a lot of altcoin and keep holding them. Altcoins are mostly scam and their market is very manipulative, so all of them are not ideal for long-term holding. If you want to make short term profit then you can hold some of them based on their new events. If you are thinking about holding altcoin for the long term then you need to keep in mind that the project must be listed on some top exchange, it needs to have a few million trading volume and their social media should be active. Otherwise that altcoin is not good for long term holding.

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Quote from: dudezmobi.vrsc on September 05, 2023, 10:52:36 AM

Absolutely, your experience echoes the sentiment of many who've ventured into the vast landscape of altcoins. The crypto space is highly volatile, and while some altcoins offer promising technologies or use-cases, many don't stand the test of time. BTC and Ethereum have consistently proven their value and resilience in the market, acting as safe havens for many investors.

true. Actually that was my personal point of view and anyone could disagree according to their personality and logic. Here LUNA, FTX, Celsius were top coins but people lost their saving who were involving with those. although i don't suggest anyone to buy only btc and eth and ingore everything, just need to be careful before taking any investment step. But if anyone want to have safe, security, assurance for investment then btc eth are best option although profit could be gain a little from those. Although 3-4x isn't bad.

Topic: About Altcoins Investment Experience - page 7. (Read 1619 times)