Altcoin investments have become risky this day. - page 4.

Novita

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Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

Indeed, for a while it is difficult for us to predict the crypto market, especially since the market is trending downwards, because what I see is that coins that we don't think are good, turn out to be coins that are targeted by investors to own them, eventually the coins go up drastically, meaning greater demand. rather than a predetermined value, this is where we need to be careful in investing in Altcoins, bro, because many traders only speculate what they think and this is the reason why the price is unpredictable at this time.

monineklutak

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Quote from: Odusko on September 08, 2022, 03:59:29 PM

Quote from: mandal0rec on September 07, 2022, 04:06:47 PM

it's a risky job and you know it, it was, it is, it will be
i discovered the project called point network and i was looking for a long term web3 project
these guys are doing incredible job and i have high hopes for them
don't forget to check the team, the roadmap, and future perspectives of this project
it's always up to you, you make a choice

Because of past experiences I have become skeptical to invest in any altcoin now, even though altcoin will boom when Bitcoin also rises in the coming month then also we should not forget the risk factor associated with altcoin investment. So many new projects are on the rise right now and if the trend continues we may likely experience a similar experience to 2017 when we saw quite a good number of altcoins doing incredibly well but failed to recover after the 2018 bear market.

Yes, that's how we respond to past failures, it becomes natural when we become skeptical of altcoins. But I don't think we should dwell on that fear, because that would be a negative thing in my opinion. Because surely if we have feelings like that will surely spread to others. We just need to increase our caution and learn from past mistakes.

That's true and with past mistakes I don't think we need to regret it over and over,
make these mistakes as lessons for the future not to repeat the same mistakes,
rather than drowning in fear it's better to get up soon

kawetsriyanto

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Quote from: Novita on September 06, 2022, 09:22:32 AM

I agree with you that During a bull run, you can buy altcoins, but during a bear market, it is better to sell because they are the most volatile and some altcoins will remain dead.

Awesome suggestion!! Cheesy

So, it is recommended to buy some altcoins in the bullish period, then selling them during the bearish season.
Is that what you mean exactly? Undecided

Common investors should agree that bearish is a time to hold or buy. While bullrun is the time for selling or accumulating profits.

CMIIW

If it's a typo or error in writing, please correct it.
Check again before you posted it.

Odusko

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Quote from: mandal0rec on September 07, 2022, 04:06:47 PM

it's a risky job and you know it, it was, it is, it will be
i discovered the project called point network and i was looking for a long term web3 project
these guys are doing incredible job and i have high hopes for them
don't forget to check the team, the roadmap, and future perspectives of this project
it's always up to you, you make a choice

Because of past experiences I have become skeptical to invest in any altcoin now, even though altcoin will boom when Bitcoin also rises in the coming month then also we should not forget the risk factor associated with altcoin investment. So many new projects are on the rise right now and if the trend continues we may likely experience a similar experience to 2017 when we saw quite a good number of altcoins doing incredibly well but failed to recover after the 2018 bear market.

mandal0rec

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it's a risky job and you know it, it was, it is, it will be
i discovered the project called point network and i was looking for a long term web3 project
these guys are doing incredible job and i have high hopes for them
don't forget to check the team, the roadmap and future perspectives of this project
it's always up to you, you make a choice

Novita

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Quote from: _act_ on May 24, 2022, 02:48:56 AM

It is just like saying can the sun shine. Altcoins have been very risky since the day they have started to be created, ICOs, IEOs, pump and dump, DeFi and many others are risky. Some are like ponzi scheme and some are just not worth it.

During bull run, you can buy altcoins, but during bear market, better to sell because they are most volatile and some altcoins will remain dead.

Buying altcoin at all-time-high is another problem because most of them do not use to reach all-time-high again. You can check many altcoin created like 5 years ago to see that I am right, which means they are not store of value.

I agree with you that During a bull run, you can buy altcoins, but during a bear market, it is better to sell because they are the most volatile and some altcoins will remain dead. But all of that must first do research on market predictions, because if we panic in terms of investing then we will lose more than profit, I don't think the market has to be Bearish anymore, we immediately sell the coin, who knows it's just a drama being played, even though if we save it might happen 10x the profit we get. And every investment in any market also has its own risks, especially investing in crypto, I suggest that you choose to invest in stable coins, such as Bitcoin or some other Altcoins which in my opinion even if there is a decline from time to time but the coin has the ability to recover after the decline i.e. Ethereum or BNB.

posi

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Quote from: Balmain on September 05, 2022, 10:09:11 AM

Quote from: RussianEnglishTranslation on September 05, 2022, 10:03:09 AM

Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

You can't time the market. Only insiders, whales, and miners know what the price of BTC will trade at. The best we can do as retail investors is to HODL and my favorite way to hodl is with staking coins like ICP and CNDL. Each of these can give you a 20% APY staking reward.

There are many projects that give an annual rate of 20% with this type of Pos system. The important thing here is where you entered from, some holders entered from the top, now they are still trying to lower the average. In my opinion, there are better staking projects and they are at layer2 potential, of course, everyone's own preference. I try not to prefer too many altcoins when the market is in such a downtrend. The best is to fluctuate in bitcoin and stablecoins.

This bear market is a purge market for altcoins, where weak altcoins will be eliminated, and only the real potential altcoins will remain. Investing in altcoins during bear markets is risky and even riskier as we look for projects that are paying high APY to attract investors.

I also prefer bitcoin at the moment to altcoins, especially altcoins that offer too high APY. If invest in altcoin I also only choose eth, bnb and more maybe ada, other than that all are not reliable for me.

Balmain

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Quote from: RussianEnglishTranslation on September 05, 2022, 10:03:09 AM

Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

You can't time the market. Only insiders, whales, and miners know what the price of BTC will trade at. The best we can do as retail investors is to HODL and my favorite way to hodl is with staking coins like ICP and CNDL. Each of these can give you a 20% APY staking reward.

There are many projects that give an annual rate of 20% with this type of Pos system. The important thing here is where you entered from, some holders entered from the top, now they are still trying to lower the average. In my opinion, there are better staking projects and they are at layer2 potential, of course, everyone's own preference. I try not to prefer too many altcoins when the market is in such a downtrend. The best is to fluctuate in bitcoin and stablecoins.

RussianEnglishTranslation

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Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

You can't time the market. Only insiders, whales, and miners know what the price of BTC will trade at. The best we can do as retail investors is to HODL and my favorite way to hodl is with staking coins like ICP and CNDL. Each of these can give you a 20% APY staking reward.

Inspiron14

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Quote from: rhodelmabanal on September 01, 2022, 10:53:29 PM

Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

Bear season is a good time to invest, specially in some good altcoins that has also a good rank in some price tracking app like CMC, because the altcoins is very cheap during bear season so we can buy different coins in a low price during bear season, all we need to do after buying is to hold until bull season come and earn.

Yes, during bear season, you should really take advantage of that time to buy some potential coins,
and don't forget to keep doing your own research and that's important,
we all don't know when bull season will come so need to be patient to wait for it

rhodelmabanal

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Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

Bear season is a good time to invest, specially in some good altcoins that has also a good rank in some price tracking app like CMC, because the altcoins is very cheap during bear season so we can buy different coins in a low price during bear season, all we need to do after buying is to hold until bull season come and earn.

Jody.Drummer

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Quote from: lixer on September 01, 2022, 06:20:52 AM

Quote from: Novita on September 01, 2022, 03:44:17 AM

Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

Indeed if we look at the charts of the crypto market, many coins have experienced a decline from time to time, such as Bitcoin, Ethereum and several other Altcoins, but I personally believe that they are able to overcome the problems that occur in the crypto market and will recover slowly,
So we all know that every business has its own risks. let alone invest in crypto, especially Altcoins whose value is pegged on demand, if the demand is greater then the value is higher and vice versa. My advice, you invest some of your funds in coins that you think are stable and you can still control your finances.

That is caused by a bear run and not by the luna crash but fortunately, the market is getting better now as coins have recovered by a certain percentage. Each crypto can have their own personal problems and they can only overcome it if their developers are willing to, but for a general problem like bear's then a good crypto can always survive it. This bear seems a long one, that is why the recovery of the coins is also slower than usual.

There are even times where they are already doing well (recovering a good percent in their value) but they fall again later on. They are not stable yet. This is why investing in stable coins like you said is also helpful to avoid situations like this.

Yes, that's right, maybe the bear market this time will be longer than predicted. It is also possible for some people to not be able to survive in a situation like this and decide to take a stablecoin to minimize the risk. But this is an opportunity for people who have a lot of money. Yes they must have taken advantage of this kind of situation to enter more.

lixer

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Quote from: Novita on September 01, 2022, 03:44:17 AM

Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

Indeed if we look at the charts of the crypto market, many coins have experienced a decline from time to time, such as Bitcoin, Ethereum and several other Altcoins, but I personally believe that they are able to overcome the problems that occur in the crypto market and will recover slowly,
So we all know that every business has its own risks. let alone invest in crypto, especially Altcoins whose value is pegged on demand, if the demand is greater then the value is higher and vice versa. My advice, you invest some of your funds in coins that you think are stable and you can still control your finances.

That is caused by a bear run and not by the luna crash but fortunately, the market is getting better now as coins have recovered by a certain percentage. Each crypto can have their own personal problems and they can only overcome it if their developers are willing to, but for a general problem like bear's then a good crypto can always survive it. This bear seems a long one, that is why the recovery of the coins is also slower than usual.

There are even times where they are already doing well (recovering a good percent in their value) but they fall again later on. They are not stable yet. This is why investing in stable coins like you said is also helpful to avoid situations like this.

Novita

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Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

Indeed if we look at the charts of the crypto market, many coins have experienced a decline from time to time, such as Bitcoin, Ethereum and several other Altcoins, but I personally believe that they are able to overcome the problems that occur in the crypto market and will recover slowly,
So we all know that every business has its own risks. let alone invest in crypto, especially Altcoins whose value is pegged on demand, if the demand is greater then the value is higher and vice versa. My advice, you invest some of your funds in coins that you think are stable and you can still control your finances.

Inspiron14

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Quote from: Ayers on August 27, 2022, 06:22:57 PM

Quote from: seleme on August 26, 2022, 04:58:19 PM

Quote from: nira09 on August 21, 2022, 07:30:01 AM

Quote from: ningrum on August 20, 2022, 11:44:38 AM

today I can say that altcoins have very little risk, because if you enter the current altcoin with a large capital,
I am sure you will enjoy 2x or even 10x profit, because altcoins are really at the bottom, if you know the technical analysis you will understand.

So far I think most of the Altcoins have a higher risk than Bitcoin, Maybe there are some Altcoins whose price is down but not as deep as Bitcoin's price decline like BNB, But it's very little.
BTC $68,000 >> $21,500
BNB $680 >> $290
But most of the Altcoins have dropped in price more deeply than Bitcoin's decline.
Harmony $0.37 >> $0.022
Dogecoin $0.73 >> $0.069
Solana $260 >> $36
In addition, Altcoins also have a risk of fraud, and various other problems that can occur such as the LUNA incident.

Higher reward=higher risk
The formula is simple as that, you have to invest in gem altcoins for minimizing possible risks as mentioned on the thread, and maximize the potential ROI.
The downtrend is more catastrophic for altcoins because of whales selling alts to reinvest in top cryptocurencies.
Anyways, the only way to be profitable in bear market season is to have open short orders on both altcoins and top coins on the CMC list.

short selling is not always profitable for you, you need to be knowledgeable and know how to analyze the market etc, not everyone is suitable for everyone, not everyone can trade and make a profit
bear market is a time when we should learn to keep money rather than make profit, i am not a good trader so I choose to hold rather than trade short

However it must be adjusted to our abilities and indeed most of the time during a bear market it is not a good time to sell,
having skills in analyzing is very important because it will be very useful,
short-term trading is not easy especially with the current conditions

Ararbermas

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Tbh it still the same since from the start except of thosw scam projects, where in because of its volatility that so unpredictable compared to some top alts.. That's why on this days its always too good to be true when it comes choosing a projects to invest or to trade. I mean we must choose which will last and very promising to assure our money is in a safe hand even the market is struggling. because if we just keep investing without any specific information surely our money will disappear without knowing..

AjithBtc

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Quote from: mandal0rec on August 29, 2022, 05:06:44 PM

Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

Mate first things first
Start with exploring the project and figuring out what to expect from the team
That's a great point! Point Network for example has a huge potential, I'm waiting for their MainNet launch, it's in 2 days

I've come across this user. He have been promoting point network throughout the altcoin section wherever it is asked about the better altcoin investment.

Whether it is point network or any other altcoin investment, there is risk. Just on someone's word never go for an investment. This is not at all adviced with cryptocurrency investment. When you make an entry to a new project, make sure you know well about the project and it's scheduled plan. It is always good to have a portfolio with altcoins in the top list and further have a separate portfolio for low level and new projects.

mandal0rec

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Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

Mate first things first
Start with exploring the project and figuring out what to expect from the team
That's a great point! Point Network for example has a huge potential, I'm waiting for their MainNet launch, it's in 2 days

Novita

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Quote from: livingfree on May 24, 2022, 07:42:58 AM

Quote from: Odusko on May 24, 2022, 02:00:31 AM

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?

You choose what you trust.

Not everything in the market of altcoins can be trusted. You've given an example that a sudden turn of event happens and that's why you need to choose wisely and be picky with your choices.

Many altcoins are good as seen but you'll never know when it's going to turn the side of the table and completely turn it upside down.

I agree with you,
My personal experience is that, I have bought several coins which I believe will make a big profit, because these coins are in the Altcoin market, when I bought at that time the coin price was still below the average and kept it, at the beginning of every day the price started to rise slowly, but I'm still sure the price will definitely be better in the future, but when the market is bearish, I don't sell the coins, in the end some of my coins are lost in the Altcoin market, indeed in investing cryto currency we must be prepared to accept the risk, if no profit or loss.

Ayers

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Quote from: seleme on August 26, 2022, 04:58:19 PM

Quote from: nira09 on August 21, 2022, 07:30:01 AM

Quote from: ningrum on August 20, 2022, 11:44:38 AM

today I can say that altcoins have very little risk, because if you enter the current altcoin with a large capital,
I am sure you will enjoy 2x or even 10x profit, because altcoins are really at the bottom, if you know the technical analysis you will understand.

So far I think most of the Altcoins have a higher risk than Bitcoin, Maybe there are some Altcoins whose price is down but not as deep as Bitcoin's price decline like BNB, But it's very little.
BTC $68,000 >> $21,500
BNB $680 >> $290
But most of the Altcoins have dropped in price more deeply than Bitcoin's decline.
Harmony $0.37 >> $0.022
Dogecoin $0.73 >> $0.069
Solana $260 >> $36
In addition, Altcoins also have a risk of fraud, and various other problems that can occur such as the LUNA incident.

Higher reward=higher risk
The formula is simple as that, you have to invest in gem altcoins for minimizing possible risks as mentioned on the thread, and maximize the potential ROI.
The downtrend is more catastrophic for altcoins because of whales selling alts to reinvest in top cryptocurencies.
Anyways, the only way to be profitable in bear market season is to have open short orders on both altcoins and top coins on the CMC list.

short selling is not always profitable for you, you need to be knowledgeable and know how to analyze the market etc, not everyone is suitable for everyone, not everyone can trade and make a profit
bear market is a time when we should learn to keep money rather than make profit, i am not a good trader so I choose to hold rather than trade short

Topic: Altcoin investments have become risky this day. - page 4. (Read 3154 times)