Topic: Another Reminder for New Investors (Read 516 times)

I think with this alone newbies should know that it is better to learn from others mistakes as lessons than learning from their own mistake which could be costly and beyond bearable limit, i hardly see a newbie making complaints for loss of assets with their bitcoin investment except if the fault is coming out from their end.


This is the exact thing that many people missed out about bitcoin, whenever you made an investment with time it will always yield returns even amidst ups and downs in bitcoin price but altcoins serve the reverse in it's case, they decreases with time instead of increasing, there's no way you can compare altcoins with bitcoin because in alts, only few were alts in deed while many are shitcoins


You're right, it is exactly as if not bitcoin then no other, that's why many opted in for CBDC and tokens because they never realized the particular needs of the people to be bitcoin alone and ever since then, no any other form of currency have succeeded the milestone of bitcoin achievements just within it thirteen years been onboard.

My experience has taught me the value of only depositing money in Bitcoin. I currently own a number of altcoins that I purchased last year. While their performance last year was very convincing, their value today is less than 90% of what I invested.
Even though I still own a small number of satoshis, I really regret the choice I made last year to sell bitcoin and purchase that shitcoin. However, I am unable to sell it because doing so would cause irreparable losses. The important lesson I took away from this experience is that the world just wants bitcoins; it doesn't really care about a few altcoins.

The scam there start with the potential profits they were promised to invest on altcoins, this is the first attractive lure to get on newbies whenever they hear about big yielding return, but it has been said several times that if a project is too real to be true, then it's probably notbsafe to invest with because literally no one will boost away money just to satisfy others and later ended up giving them that same huge amount just for return within ba very short time, except by scam, some will even be decieved that others have made it through with altcoins but they will never tell them the tiny chance involved with high risk altogether, just few scale through out of thousands investing.

Yes, you are actually right about this and i have no doubt about it,  just in the case of "Terra luna,  Squadgame tokens" and many other scam coins that have died in the past. But the sad thing is that most people will still choose a variety of altcoins to Bitcoin investment, simply because it has the potential of yielding huge gain within a short period of time,  likewise, so can it also fall in price within that same short period of time, unlike Bitcoin whose gain is gradual and consistent when it comes to long term.

The most times people go wrong with bitcoin at the moment is closing when to withdraw. Bitcoin over the years have prove to be a coin that offers some assurances as it is the truly decentralized coin and through the rise and falls of the bullish and bearish market, it never stays down. Always finds another all time high when the halving comes and keeps appreciating.

Where it gets questionable is how long you are willing or ready to wait. Patience is what stands between you and loses. The market would rally against you but, having the patience, it's sure to rally back in your favour.

That goes for buying and holding as an investment though. You don't need much experience to do that. Just note the breaking and bullish market, buy and apply patience then your good.

At the end of 2017, I made a mistake like many others, and at a time when many altcoins were skyrocketing, I decided to sell some of my bitcoins and invest in some promising altcoins. Needless to say, I lost almost everything on those altcoins. The value of my bitcoins fell too, of course, but bitcoins recovered over time while altcoins never recovered. Lesson learned.
After that experience, I mainly invest in bitcoins, and only rarely, if a project particularly intrigues me, in an altcoin.
It's really good to warn new and young investors about the high risk of altcoins and the relative stability of bitcoin over a long period of time.

This is on the point that one shitcoin which don't have any utility to holders how come can survive in the long run and what factors will boost up it's demand giving return to holders in from of price boost? There are almost more then 18k altcoins or say shitcoins trading in the market but most of them are only pump dump schems by the founder of those coins.What actually they do is paid some social media influencer who is giving tips to these coins and make the coins price boost with fake volumes and when people start investing they dump the coins along with those fake shillers making millions out of your pocket.There was very detailed thread about such conditions on twitter which I have seen in which they tell how a youtuber was dumping coins by first making people invest in them and was paid actors through those shitcoins creators.

They simply create tokens with ERC-20 standards mostly or any other chain and will ask people to invest in it with lucrative offers and fake promises just to make money and people under the influence of others invest in them without even understanding what's going on at the back.So they need to realise this reality that altcoin with zero utility are waste of time and money.

Only BTC for the long term hodl is the best alternative with them but you see they get panic with normal corrections also and sell at loss also having disbelief in bitcoin but they need to know these types of charts that bitcoin is still the best option to them.

I was really disappointed with how the chart showed us. Instead, we think about the growing adoption because the crypto market has been growing but too unfortunate that scam projects are also growing wild taking advantage of these new investors that have little knowledge about crypto. I'd see how terrible it was and I was expecting a huge change in the market image due to scam altcoins that flooded the market.

I suggest new investors to choose Bitcoin while still familiarizing the market for the safe keep and not to fall into wrong investment.

This is a good strategy, most of my portfolio consists of bitcoin and this is a long-term investment. But I also trade from time to time, and it can be altcoins that I follow all the time. These are mostly short-term deals, sometimes (but rarely) medium-term. If the deal is profitable, then I buy bitcoin with the profit and this bitcoin goes into my portfolio for a long-term investment.

Since I constantly monitor altcoins, there is always a temptation for me to trade for profit. But since I trade for a small amount, such trading does not carry big risks for me. Perhaps I trade only because I like the process itself, since I do not receive large profits from trading.

Whether people like it or not, Ethereum is the 2nd most popular crypto out there and it's been so for a long time. Still, everyone should be careful when it comes to diversification. We often hear the saying "don't put all your eggs in one basket", but that doesn't mean go out and purchase random coins just for the sake of diversification. Bitcoin determines the trend for the entire cryptocurrency market. If it falls, all other assets fall with it, and if it rises, so do altcoins. A widely diversified portfolio doesn't do you much good when the times are bad because all your coins will be in red.

When we talk about diversification, the idea is to invest in different assets outside of the crypto niche. Precious metals, oil, stocks, real estate, start ups, etc. 

I have learned this a hard way, a lot of alts gave me lotta gains but I kept holding them until they all went to zero. Now, I hold regrets 

Unfortunately, this is true, although we tried to ensure ourselves that our altcoins still have chances in the next bullish era to rise up and at least bring back the capital, seeing how the performance of the project, how the condition of the altcoins so far, it seems very uncertain and probably will be failed ad replaced by the new ones that are more hype.
In altcoins, we cannot deny the power of "hype" that will bring very big profits for those who really know how to manage and take it.
But if we can't, altcoins will be only garbages, more holding, much worse 
I know that there may be some top altcoins that can still survive, but exactly it is a very small chance to be able to rise up and grow again. What about others? Some may be still able to survive but cannot surpass again the previous ATH.

For me it is best to separate the trading and a valuable an long term holding. sometimes I do both depending on the market conditions. But if I want to diversify my portfolio effectively and want to hold the coins for a long time then I tend to choose Bitcoin and Ethereum. Investing in altcoins may seem enticing from a purely financial perspective, but if you're looking for a long-term investment, it's important to understand what each altcoin aims to do and how they plan on achieving it. The technology behind these currencies may be revolutionary, but it still needs refinement before it can be considered a viable alternative to established and proven cryptocurrencies. While some may promise great returns, others may fail miserably and leave you with nothing but regret. This is why I don't advise altcoin investment; it's just too risky and unpredictable. Who knows, maybe someday Bitcoin itself will crash, but that seems unlikely. So investors should stick with Bitcoin as it is much safer compared to altcoins.

Why i won't advice altcoin investment is because humans are full of uncontrolled greed. When the get some profit that is good enough to satisfy we tend to want more. Bitcoin is far more preferred not just because it is good for a long term investment plan but also because it safer and less risky compared to most altcoins that crash and never rise again.

Pre-sale launching is a good time to take advantage of a new coin but what if it fails to launch or what if it takes longer time. Everything about crypto is risky while we target pre-sale for new coins applying risk management will have to come in handy something that isn't needed with Bitcoin investment as long it's on a long term plan

Of course I totally agree on this one, but either way people shouldn't think this is financial advice. They have to be concerned about risk even if you and I can convince them based on the facts about bitcoin, so they have to be wise to themselves and their investment choices.

No, some people want to bet on shitcoins in the short term and take profit of it. Some altcoins are good for staying competitive in the crypto market in the long term, but shitcoins are not.

It is unfortunate that so many people, especially beginners, continue to rely on altcoins. Before this time, there were many coins, but all of them are now dead and possibly in the zombie zone, where they can no longer be found. Before I joined this forum, I remember hearing a lot about bitcoin and other coins that people claim are just as valuable as bitcoin.

I'm glad I found myself here before investing in any cryptocurrencies since I probably would have chosen other worthless coins instead of bitcoin because they are so cheap and simple to buy. But after acquiring enough knowledge here, I wouldn't suggest anyone to buy in anything other than bitcoin, which never loses value over the long term regardless of market conditions ~ 1BTC=1BTC.

It is worth knowing that a lot of them aren't actually "victims" but simple gamblers who knowingly make "bets" on these shitcoins hoping to make a profit. It is just like using a dice site to roll and try their luck except that you don't lose all your money if you get unlucky.

I think the reason here is very simple, they see how some altcoins show growth of 50% or even 100% from time to time. And when you have a very small deposit, then wants to quickly increase it in order to eventually buy as much bitcoin as possible. But unfortunately, for many reasons, primarily because of the inability to trade good, they buy altcoins, the price falls and no one wants to sell at a loss. Thus, they become eternal holders with the hope that someday the price of their altcoins will rise again and they will at least be able to return the money invested. Once I was a beginner myself, I understand why this happens, but in this way they gain invaluable experience, without which it will not be possible to move on. Nobody wants to learn from other people's mistakes, you need to step on your own rake, only in this way the lesson will be learned.

No matter how many reminders (another or other) are given to new investors, they will still continue to buy shitcoins. Your topic is not the first and not the last. It seems that every beginner must personally experience the fact that his altcoins in the portfolio turn into candy wrappers and empty shells in order to realize the features of shitcoins. Most of them will ignore this topic and the discussion in it, unfortunately.

Sooner or later, all crypto investors will still come to bitcoin, to the realization of its value and reliability. The question is what will be the individual losses of each of them (as a result of stupid investment in shitcoins).

Exactly, I did a research on BinanceLab once and discovered their involvement in most of the pumped coins on Binance exchange. This big Vc are getting into project in their early stages at very low price that even though the pump (price) got exploded they'll still be profitable when they're cashing out while the retail investors surfer. After their investment in this project, they begin hyping it through their different medium they're incharge of especially by the so called influencers. You begin to see them start taking about the project on their podcast, twitter feeds, YouTube (social media) etc.

Project like Solana shoudn't even be exiting, I mean have many times has that blockchain stopped working yet it still get hyped and more money are been pour into the ecosystem. Most newbies coming into the space gets attract by this influencers with their catchy tagline of an easy 10x or even 100x etc. Sometimes I don't even balme the victims as they aren't enlightened and just losts in the space.

It always comes down to utilities. The problem is that altcoins don't have any utilities, they are just there to be pumped and dumped. Majority of them are copy coins without any innovations which is why they die in a very short time. The rest that stick around aren't that different either, they just had better pumping teams that kept them alive otherwise with the flaws that some of them have like ethereum, they should have died long ago.

In short if people are looking for an "investment" they should not consider anything other than bitcoin. If they want something to trade (in short term) and make quick profit, then altcoins are a useful option to consider as long as they accept the risks of getting into pump an dump schemes.

As a rule, the desire to find out about this appears after a few years or after a young investor has lost more than one thousand dollars on altcoins.


Bitcoin is too expensive, and a thousand dollars makes an extremely small amount of coins. Bitcoin does not grow by hundreds and thousands of percent, so it’s better to buy some kind of shitcoins, because for $1000 can buy thousands of coins of different projects and wait, because soon they will make the coveted x100. - Something tells me that this is how the vast majority of beginners think.

That's right, based on the data compiled by Nomics most are project memes. Without a doubt, the meme project is just to keep up with the hype pump doge and make some people rich overnight. So this is used by developers who only want to make profit for the development team. The following is a quotes from the Nomics team that I took from Business2community.com about the dead project.

I seriously doubt your average altcoin and bounty crowd knows what deflationary means.

They could be interested in altcoins for a number of reasons. I am just going to mention two:

1. Bitcoin has already been around for over a decade and people know about it. They believe there isn't that much room to make a profit. Maybe they even think bitcoin will never reach those old highs ever again. They are also not aware of market cycles. Because of that, they think it's time to find the next coin that will become the new bitcoin when it comes to returns. Filling your wallets with as many of those useless tokens is what they believe will increase their chances of getting in early before one of them explodes.

2. They have no money to invest and can't buy Bitcoin. They have no other means to earn it. They don't work or have enough saved up, so they focus on what they believe is the next best thing - new unlisted tokens and altcoins. Maybe by holding those, they will amount to something in the future that can be sold or traded for bitcoin. Unfortunately, that rarely happens nowadays.   

Sir Ratimov, I posted something like this in another thread but the replies I got are not encouraging, people start saying otherwise like its a stupid plan or something, the post was about how better it is to hold BTC than altcoins even if you bought at ATH, please check it out because it seems you are the only one that sees things the same way I did.

https://bitcointalksearch.org/topic/m.61089558

You are correct, altcoins are not good for holding. I wonder those that invested at certain time in the past even before bitcoin and many other altcoins got to all-time-high, the price of all cryptocurrencies plummeted. In the past, it happens like that in a way crypto plumetter in price and marketcap and most altcoins failed to reach all-time-high.  This will only just be a trap. Bitcoin is far more better because it has gotten to all-time-high every four years as expected.

Investing in altcoins first in exchange for bitcoin in the future might be too risky as altcoins have lower chances to survive or sustain profits in the long term. But some have still managed to take the risk and end up profiting in the end. However, to lessen the risk especially for first time investors, focus on bitcoin first and never be tempted to buy altcoins first just because they’re way cheaper than bitcoin. Remember that if you invest for a big capital, your profits will also be as huge like 5x or 10x from your capital.

Agree, investing in altcoins should be for the short term only. I got some profits from altcoins investment, but I only hold the altcoins for months. I never hold altcoins for years since many of them dropped their prices drastically and never return to their good prices again. The best strategy is to buy in the pre-sale and then sell them in the first launching listing on the exchange. If we failed to sell them in the first listing, it usually will be difficult to get a chance to make a profit.

Altcoins are nevertheless, good for short term hodling only and then sell instantly if there are chances for profits. That should be the mindset, but mostly newbies fail to realize about it but still stick to altcoins because they see it more affordable than bitcoin, but never care to think if it can sustain long term profitability making. Although i’m not saying it generally, because there are still some smart newbies who stick to bitcoin first and just start to accumulate altcoins after they made profits from bitcoin.

I also have new altcoins in my portfolio, which I save until the next bullrun. It was then that I would sell them, and never return to them again, it makes no sense to keep such coins for years


Coins that appear on large ico-ido launchpads grow very well after listing on some major exchange, growth sometimes reaches x100+, but then they all go to the bottom, and those who did not sell later regret their choice.


Coingecko doesn't yet show us the horror of the entire altcoin industry so much. Go to the site https://dexscreener.com/ and you will see a huge amount of zombie coins, which, after their appearance, immediately go to the bottom, a huge number of them appear every day.

I have felt how bitter it is to hold an altcoin that was thought to go up but instead shrunk to 90% it almost lost all of the money but apart from that I never again trusted altcoins, I made it back on the right track, namely Bitcoin as the most valuable asset too stable.
About NFT I was never interested in the slightest even though it was booming but I don't think it will always be busy in the market and indeed the NFT market has decreased to 60% more than its usual market capitalist, maybe because Hype also made a lot of people buy and at the same time in the end they suffered the same loss as holding altcoins.

Choose Bitcoin as a more valuable asset for now and in the future, I no longer hold shitcoins that are full of garbage, an example is Terra Luna which fell 99% as well as the stable coin UST and this coin cannot be maintained until it experiences deep ugliness.

This reminder is important for newbies who come as investors believe in Bitcoin and throw away any curiosity about altcoins you will be completely better off for Bitcoin if it is held at its proper value.

Starting now is much better because the price is discounted, rather than waiting for a recovery it will make it more difficult for you to buy more Bitcoins.

experience taught me the importance of only depositing funds in Bitcoin, I have several altcoins that I bought last year, last year the performance was very convincing but today the value of my investment in altcoins is minus 90%.
Even though I have a few satoshis that I hold but I really regret the decision I made last year by selling bitcoin and buying that shitcoin, I can't sell it because it will result in fatal losses. The valuable lesson I learned is that the world doesn't really want a few altcoins, only bitcoins that the world wants.

I'm challenging those statistics!!!!
Coingecko still lists 132 pages of altcoins, which would mean at least 132 won't be scams in the long run and I heavily disagree with that, on top of that this not counting ICOs that never made it to that list or the ones that have been completely dropped.
So let's raise this to at least 99.6%!  


A lot of investors got money from Charles Ponzi and others from Madoff, but that does;t make any of them legitimate businesses.
This is the exact mindset that keep that shitcoins popping up, since I can make money if I bet on the right shitcoin at the right time everything is fine, f^&^ the moron that bought the coins from me as he will end up penniless, it's the revenue you get that matters.

which more of those 12k dead coins are probably memecoins. a lot of devs release memecoins all for the purpose of grabbing BTC and USDT form its investors. there are even reputable teams that you couldn't see any tweets now. 

i joined some bounty campaigns in 2021, i saw the token turned $3, i didn't sold it because its only listed on an exchange that i have no account yet but now i can see its $0.002 with the volume of $12/24hrs. still undead lol

Although I didn't do personal analysis, but from what I know at the end of 2021, Crypto is full of MEME token and P2E token projects. then, many exchanges easily accept meme coin listings. The desire to become a millionaire from meme tokens makes many people hunt for new meme tokens that appear. Then, the developer easily pays the listing fee on the medium exchange. However, the market is bearish, hype memes and p2e are fading, investors are already buying when the hype is high or when the pump is crazy. Cut loss or not at all, until in the end many lose money from these kind of projects. This is what I think that makes the number of zombie tokens in 2022 increase drastically.

The majority of those altcoins are scams but many survived in the last bear market and bring good Returns for investors, PYR was one of them, the thing is altcoins lover need to take their research skills very seriously, we all know that BTC holds the best reliable value but altcoins have the better ROI rate too. Thanks for the effort OP.

Most notable ICOs have been evaluated to have done better than btc at some point for gains. The issue with this is its normally picking the Sell price as the ath of the coin or token (you're not going to know what that is until it's gone).

I've seen ICOs go for runs up to 3x immediately after they're listed on exchanges, just to flop back down later to zero (not sure if this is an internal attempt at manipulation from the ico team or not).

Bitcoin is the best crypto so far for long term investments though thst might always change too (it's certainly most notable in press releases though and it'll probably remain the dominant coin until something is mentioned a lot more than it and for a long period of time).

If someone will target a long term investment then bitcoin and or top 5 to 10 would maybe stays in the few years to come. But you cant deny the possible gains on such short to medium term on some altcoins then convert it into bitcoin. Its a matter of discipline to take some profits and reinvest it on good projects. While these things are growing people should be reminded that altcoins maybe good only for short term. Always choose a major coin if you are stacking profits from gains on altvoins to asset like btc which proven their strenght even in a bear situation.

I know bitcoin 7 years. During that time it was indeed Bitcoin that was able to reach new highs. During this time I observed some of the coins that still survive because the creators are constantly developing or the community is constantly evolving. ETH and DOGE that I know of today still survive and have a large community.
I understand this is an industry, all cryptos are currently created to take advantage. In this matter the difference is the team in charge or just the team of liars and leaving. Because currently crypto is in development and attracts many new investors in. Although I believe they offer a better advantage than the first generation coin.


Of course my top choice is Bitcoin, I store it some. Furthermore indeed I have some Shitcoins that I keep, but I keep it hoping to have a good future because the team is still continuing to work. Perhaps it would be better that we should take advantage of the moment of buying and leaving, there is no need to store for too long

This is another reminder that bitcoin is the best crypto asset as a long-term investment, and better than it, in the world of cryptocurrencies, has not yet been invented.

This statistic once again confirms this and the fact that 99% of altcoins in the long run = SCAM.



In 2022, more than 12,000 altcoins have moved into the zombie category. Trading on them has stopped completely, no one needs them, now it's just a mountain of garbage that will forever remain in the wallets of investors. With each new cycle, this figure will only increase.

I understand that altcoins can be used for speculation, to increase a small deposit, etc, but keeping them in the long term is extremely risky. I don't understand those beginners who form their portfolios that consist ONLY of altcoins and NFTs? What do you expect when your diversification is zero and does not contain a single deflationary asset, which is Bitcoin. Bitcoin is volatile, but it is always rising and always in price.

Never ignore bitcoin, it is good for any purpose, as a means of payment, as a storage value, as an investment, as a way to diversify. But do the shitcoins you fill your portfolios have such properties?