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Topic: Altcoin investments have become risky this day. - page 13. (Read 3171 times)

hero member
Activity: 2702
Merit: 510
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People seeing others getting rich all think that they could get rich as well. This is why there are so many newbies who are shocked to learn that crypto is not something you could profit right away in a single day. You could think that it would be the same story for you, but in reality it is not and you are forgetting that there were thousands that lost money while trying to do the same thing. I hope that people would one day realize that following others footsteps will not make you rich, you need to find your own path and make your own money in order to get rich, otherwise you are just going to be someone elses pawn and nothing more.
this is really true, lets be real the big capital people are literally profiting off many individuals in various investment market, like stocks, cryptocurrencies, and the likes.
the only way for any individual to make meaningful capital gain is to go against the wave of the masses, like the basic principle of investing basically going against the psychology of the market.
also, finding out their own way is also important, like getting rich isn't always can be done by only holding there are various ways of getting rich like doing business, etc.
full member
Activity: 197
Merit: 102
People seeing others getting rich all think that they could get rich as well. This is why there are so many newbies who are shocked to learn that crypto is not something you could profit right away in a single day. You could think that it would be the same story for you, but in reality it is not and you are forgetting that there were thousands that lost money while trying to do the same thing. I hope that people would one day realize that following others footsteps will not make you rich, you need to find your own path and make your own money in order to get rich, otherwise you are just going to be someone elses pawn and nothing more.
sr. member
Activity: 2506
Merit: 368
While the market is on a downward trend, Bitcoin the giant of the crypto market has seen a drastic drop, and other altcoins followed the same trend, will we be able to recover, another coin like Luna did a total crash which is so bad for investors. In this scenario, can we still trust a high and unpredictable volatile I investment such as altcoin in this bear season?

Most altcoins are risky during the bearish season but it's still best to pick good sltcoins at low prices. Taking advantage of the market situation is still a good move especially if you're buying a potential and well-established coin. It's still good to buy coins like BTC, Eth and BNB and take a good profit when the market recovers again.
So far, Ethereum would be the best to invest in most altcoins and I don't know about BNB if they would still be the same after this drop or maybe they will be like ETH I guess we will have to figure out this on the next bull run. But for now, I would recommend to buy or invest in Ethereum and avoid all hyped altcoins since they won't bring more profit in this market situation. Most of them are good when the market is in bullish but with this bearish trend they might rug-pull most of the investors money in a one go.
hero member
Activity: 2926
Merit: 722
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There is no market that goes straight up without ever having down days, even gold crashes at times. So we just need to realize this is also valid for crypto as well and move on about it. Plus we are a volatile market as well, which means that our downs are bigger than stock market downs, however our ups are much bigger as well. How many shares have you seen that went up x15+ in a single year? Bitcoin did that from april 2020 to april 2021, and yet we haven't heard anyone talk about it being much better than anything else in the world, plus so many projects going up after that. All in all, our downs could be high, but our ups are higher, hence volatility works for us.
One of the most common impressions specially the noobs is that they do really believe that the market could easily make them rich without even realizing on how the market behaves or works until they would see it for themselves on how it works and this is where self realization do happens and also it won't be called a market if it does have single path or movement.

Investment ok altcoins do impose always a risk even sticking simple with Bitcoin is still having that risk but of course it would be slightly different when you are sticking into something which is highly supported by the community.
hero member
Activity: 2170
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There is no market that goes straight up without ever having down days, even gold crashes at times. So we just need to realize this is also valid for crypto as well and move on about it. Plus we are a volatile market as well, which means that our downs are bigger than stock market downs, however our ups are much bigger as well. How many shares have you seen that went up x15+ in a single year? Bitcoin did that from april 2020 to april 2021, and yet we haven't heard anyone talk about it being much better than anything else in the world, plus so many projects going up after that. All in all, our downs could be high, but our ups are higher, hence volatility works for us.
hero member
Activity: 1736
Merit: 501
While the market is on a downward trend, Bitcoin the giant of the crypto market has seen a drastic drop, and other altcoins followed the same trend, will we be able to recover, another coin like Luna did a total crash which is so bad for investors. In this scenario, can we still trust a high and unpredictable volatile I investment such as altcoin in this bear season?
I think having a plan to avoid risks is essential. Bear markets are not so bad as many of us are still very happy to be able to profit from them. Some, such as switching to stablecoins for staking and receiving small returns instead of daydreaming about quick gains, do not seize such an opportunity. Anyway, over time, if we are patient and learn to adapt to them, the profits will come more or less.
The occurrence of bearishness in the stock market is certainly not desired by investors. However, this condition is a natural thing to happen. Thus, the thing to do is not to avoid it, but to take the most appropriate attitude, (Limit portfolio, don't over-buy coins). we need to prepare cash to buy altcoins. However, do not spend the entire budget because you can lose if the holding stock moves down. Leave at least 30-40% just in case
full member
Activity: 1708
Merit: 126
While the market is on a downward trend, Bitcoin the giant of the crypto market has seen a drastic drop, and other altcoins followed the same trend, will we be able to recover, another coin like Luna did a total crash which is so bad for investors. In this scenario, can we still trust a high and unpredictable volatile I investment such as altcoin in this bear season?

Most altcoins are risky during the bearish season but it's still best to pick good sltcoins at low prices. Taking advantage of the market situation is still a good move especially if you're buying a potential and well-established coin. It's still good to buy coins like BTC, Eth and BNB and take a good profit when the market recovers again.
legendary
Activity: 2086
Merit: 1058
Confidence in large coins, especially Bitcoin, is still present despite this bearish market, in addition to the fact that the collapse of Luna has nothing to do with the bearish market, but is the result of another different accident, despite all these problems, we must not lose confidence in this promising market, there are always opportunities to profit even With this sharp bearish market, but you must trade with experience and caution, the best in these times is to invest in currencies that have proven their presence in the market despite all the difficult crises, the first of which is Bitcoin, of course.
Why wouldn't it be? I mean bitcoin is such a strong thing is that I do not think that anyone would ever doubt about it, I understand that the market could be down right now but the future is still bright. People need to understand that this is something temporary and we all know this, the price could be low right now with bitcoin, ethereum, bnb and all of that but at the end day it will be super high.

So, all these low prices are still something that we gain an advantage over and that is how we are going to make a profit, by getting in early before anyone else while the price is still low and waiting until it goes back up again.
full member
Activity: 896
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While the market is on a downward trend, Bitcoin the giant of the crypto market has seen a drastic drop, and other altcoins followed the same trend, will we be able to recover, another coin like Luna did a total crash which is so bad for investors. In this scenario, can we still trust a high and unpredictable volatile I investment such as altcoin in this bear season?
I think having a plan to avoid risks is essential. Bear markets are not so bad as many of us are still very happy to be able to profit from them. Some, such as switching to stablecoins for staking and receiving small returns instead of daydreaming about quick gains, do not seize such an opportunity. Anyway, over time, if we are patient and learn to adapt to them, the profits will come more or less.
hero member
Activity: 2338
Merit: 737
Now the bear market we are going through and bitcoin has declined so sharply, then to invest is certainly very risky especially in new altcoins and cannot face the situation as it is today, Many of us are currently feeling panic because we have held several coins but until now there has not been the slightest profit even we have suffered losses let alone investors who hold luna coins are certainly very hit by the current situation, I don't think this is the time to invest.
If at times like now you are afraid to invest, you will forever regret investing at a high price because you don't want to take advantage of every good coin at a low price like now.
Believe that those (investors) who regret Luna are those who bought Luna at a high price and did not have time to save their assets when the decline in Luna was so sharp in the market.
sr. member
Activity: 1624
Merit: 339
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Now the bear market we are going through and bitcoin has declined so sharply, then to invest is certainly very risky especially in new altcoins and cannot face the situation as it is today, Many of us are currently feeling panic because we have held several coins but until now there has not been the slightest profit even we have suffered losses let alone investors who hold luna coins are certainly very hit by the current situation, I don't think this is the time to invest.
full member
Activity: 2086
Merit: 193
While the market is on a downward trend, Bitcoin the giant of the crypto market has seen a drastic drop, and other altcoins followed the same trend, will we be able to recover, another coin like Luna did a total crash which is so bad for investors. In this scenario, can we still trust a high and unpredictable volatile I investment such as altcoin in this bear season?
LUNA drop is not because of the bear market, it's because of the fault of the developer and the manipulator so you can't based your investment decision with LUNA, better to analyze the whole situation. You know, traders what's Bear market because the price is cheap the its volatile which is the best time for them to do short trader. I know a lot of good traders still making huge money on a bear market so I think investing or trading with cryptocurrency is still profitable even on a bear market. Cryptocurrency is already risky in general, you just need to choose when to take the risk.
legendary
Activity: 2772
Merit: 1127
I guess there are still some good solid projects that you can 'trust' and invest right now, specially in the top 5 or at least 10 altcoins. But remember, just invest what you can afford to lose as their is a huge risk involved.

The Terra Luna might be the biggest bust of the year though and it  really put a lot of strain on the altcoin market. Nevertheless, since we are in a bear market, this might be the right now to invest because they are so cheap and then just HODL and wait for the next bull run and hopefully your invested money will multiply in the coming years.
You are already a legend on this forum and you are still not sure if there are coins that are good and solid enough that people can trust because you use the word "guess" there. No need to guess actually because there is always or there are still coins that are like that. I think luna coin was once at the top 10, so top 10 coins can still be risky as we don't know if some of them are genuinely included because of their performance or only because of the hype.

Even at top 5 I still have some doubts but this is better than top 10. It was the op 3 is the one that I really trust when it comes to investing. Not only this year but I heard that terra luna is the biggest bust in the history of cryptos. Can you imagine how big was that.
sr. member
Activity: 700
Merit: 250
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Altcoins is a risky investment from the moment it was created and after the Luna crash we can emphasize that apart from bitcoin all other altcoins can crash at any time even topcoins on the market. But the market needs altcoins, so it shouldn't be just luna's death but we stay away from all the rest of altcoins, there are still a lot of potential altcoins worth investing in, you just need to research and choose carefully.
sr. member
Activity: 1610
Merit: 294
www.licx.io
Not all, The point is that investing in world money markets must be prepared with all the risks, namely losses and that will greatly affect a person's physiology later, sometimes the fear of losing prices makes us not buy. My opinion at this time is not to invest too much especially all in one coin because it will be difficult to get a good profit the percentage is 80% loss and 20% especially if we buy at a high price when a small coin/token pump is done.
member
Activity: 140
Merit: 20
as long as the bear market is still going on then trading becomes very risky except for those who DCA bitcoin for the long term. but for this altcoin is very high risk.
even yesterday I saw another coin besides terra luna that experienced a drastic decline, namely the $YFII coin on binance which decreased by -65%. waiting until the bear market ends may be an alternative option. but if for day traders who have to make money every day. so it's still very influential. because they tend to be in on that day and out on the same day.
legendary
Activity: 1890
Merit: 1537
While the market is on a downward trend, Bitcoin the giant of the crypto market has seen a drastic drop, and other altcoins followed the same trend, will we be able to recover, another coin like Luna did a total crash which is so bad for investors. In this scenario, can we still trust a high and unpredictable volatile I investment such as altcoin in this bear season?
These volatilities that we see in the crypto market are just normal volatilities, you do not have to worry, one day the market will recover and the bull run will come and we will witness the rise in the price of Bitcoin and other altcoins, so this is a good time to hold more quantities of promising tokens. I advise you not to be greedy so that it does not happen to you as happened to Luna holders, all you have to do is take your profits after the market recovers, you do not guarantee what will happen if you hold too long.
member
Activity: 1708
Merit: 13
KUWA.ai
I have experienced several rugpulls, be careful, even if the project has launched several products, did advertisement in various places, smart contract has been audited and the team is doing KYC, looks like a very promising project, so many scammers in altcoin right now.
hero member
Activity: 2184
Merit: 513
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even the stock market are having a hard time, we are in the brink of monetary crisis so of course any investment gonna be very volatile and lean towards bearish market.
although like that, the veteran holders knows that there gonna be an end for bearish market just like how there is an end for bullish market, eventually things gonna get better but that gonna takes time, the thing that sometimes any traders looking for instead are the volatility. so this market of volatility could somehow become a great chance for them. at least this time around has taught us that investment could results in loss.
sr. member
Activity: 1638
Merit: 255
While the market is on a downward trend, Bitcoin the giant of the crypto market has seen a drastic drop, and other altcoins followed the same trend, will we be able to recover, another coin like Luna did a total crash which is so bad for investors. In this scenario, can we still trust a high and unpredictable volatile I investment such as altcoin in this bear season?

The market that continued to decline this month drastically made the Bitcoin price drop below $30k, and that has sent all the altcoins down as well.
In fact, we have to be careful, because there is still a possibility that the market will fall even deeper in the near future. So I agree that investing
in altcoins today does have a very high risk, for example we can see what happened with LUNA. Even though LUNA had always been in the top 10,
but surprisingly the price keeps falling lower and now starting to lose the confidence of investors.

So it's better for now if we want to invest, it's better to focus on investing in Bitcoin, which Bitcoin is a safe choice for investment in situations like this.
If we want to invest in altcoins, maybe I would recommend investing in ETH and BNB, which apart from having very strong fundamentals.
ETH and BNB also have a trusted development team, so the chances of BNB and ETH recovering are quite high. So it's safe to invest in ETH and BNB
in ​​my opinion.
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