Topic: Are new altcoins being too risky? Current market trend - page 2. (Read 1677 times)

Quote from: oktana on March 16, 2024, 06:28:29 PM

There are times when we need to break lose boundaries, investing mainly on top Altcoins is a good start but we also would love to consider investing on new Altcoins as well, since they portray the ability to give a successful and significant quick pump compared to the top Altcoins who does it's own price movement on a gradual process. It's risky but at most once we get fortunate it's worth the risk.

Don’t simply say “once we get fortunate” because you don’t know if one will get fortunate. I like to tell people that whenever they are investing, they should assume they have lost their money so they can be at peace with themselves. As long as you have spare money to risk, it’s okay to try these new altcoins. Hope for the best but you must equally prepare for the worst.

I agree with you on that, however, I believe people who evaluate projects thoroughly before making investments can be on the safer side because if you are looking at almost everything that the project has including its website, whitepaper, team, roadmap, social media handles, and anything else, and then reach a conclusion whether it has got the potential or not and deserves an investment or not, then you are on the right track.

The mistake most people make when investing in altcoins is they don't do much research, maybe out of laziness or what, but when you don't do that, you are basically gambling with your money because the market is highly saturated and you can never know which project is here to scam you.

Obim34

full member

Activity: 224

Merit: 195

Quote from: Obim34 on March 16, 2024, 01:23:59 AM

Quote from: Obim34 on March 16, 2024, 01:23:59 AM

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There are times when we need to break lose boundaries, investing mainly on top Altcoins is a good start but we also would love to consider investing on new Altcoins as well, since they portray the ability to give a successful and significant quick pump compared to the top Altcoins who does it's own price movement on a gradual process. It's risky but at most once we get fortunate it's worth the risk.

Don’t simply say “once we get fortunate” because you don’t know if one will get fortunate. I like to tell people that whenever they are investing, they should assume they have lost their money so they can be at peace with themselves. As long as you have spare money to risk, it’s okay to try these new altcoins. Hope for the best but you must equally prepare for the worst.

I understand where you are heading towards but at times we have to speak a little more positive, being this positive may not change the outcome, either losing or gaining but deep down we have known it doesn't matter and all that would rely on just waiting patiently and see the yielded results. Investing spare money is also a good way out of the doom of losing the money invested.

It’s okay to be positive, but I rather prefer being realistic, especially when it comes to investments. Every investment is a risk, that’s the first thing I tell myself. I also remind myself the likelihood of it going south. It’s just a way of preparing your mind for what’s worst. But of course I keep my fingers crossed even while acknowledging the truth. “Don’t count your eggs before they hatch”, they say.

Like I said earlier, how positive a person is yet not guarantee his outcome or increases his chances of winning. It doesn't matter how good we maybe even speculating, the market might decline and decide taking a U turn, just so unpredictable but at first stay positive and just wait for whatever outcome it maybe.

oktana

sr. member

Activity: 1582

Merit: 281

Eloncoin.org - Mars, here we come!

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There are times when we need to break lose boundaries, investing mainly on top Altcoins is a good start but we also would love to consider investing on new Altcoins as well, since they portray the ability to give a successful and significant quick pump compared to the top Altcoins who does it's own price movement on a gradual process. It's risky but at most once we get fortunate it's worth the risk.

Don’t simply say “once we get fortunate” because you don’t know if one will get fortunate. I like to tell people that whenever they are investing, they should assume they have lost their money so they can be at peace with themselves. As long as you have spare money to risk, it’s okay to try these new altcoins. Hope for the best but you must equally prepare for the worst.

I understand where you are heading towards but at times we have to speak a little more positive, being this positive may not change the outcome, either losing or gaining but deep down we have known it doesn't matter and all that would rely on just waiting patiently and see the yielded results. Investing spare money is also a good way out of the doom of losing the money invested.

It’s okay to be positive, but I rather prefer being realistic, especially when it comes to investments. Every investment is a risk, that’s the first thing I tell myself. I also remind myself the likelihood of it going south. It’s just a way of preparing your mind for what’s worst. But of course I keep my fingers crossed even while acknowledging the truth. “Don’t count your eggs before they hatch”, they say.

Obim34

full member

Activity: 224

Merit: 195

New Altcoins are risky. Aside what happened with FTX and the rest, looking at the statistics of the number of Altcoins being created, you should know by default that bad eggs are getting into the picture and it’ll start getting hard to identify them. If you want to reduce the risk, invest in Altcoins that are know and have gained balance. But it doesn’t mean that you can’t risk it (if you have the money to) and try new Altcoins.

There are times when we need to break lose boundaries, investing mainly on top Altcoins is a good start but we also would love to consider investing on new Altcoins as well, since they portray the ability to give a successful and significant quick pump compared to the top Altcoins who does it's own price movement on a gradual process. It's risky but at most once we get fortunate it's worth the risk.

Don’t simply say “once we get fortunate” because you don’t know if one will get fortunate. I like to tell people that whenever they are investing, they should assume they have lost their money so they can be at peace with themselves. As long as you have spare money to risk, it’s okay to try these new altcoins. Hope for the best but you must equally prepare for the worst.

I understand where you are heading towards but at times we have to speak a little more positive, being this positive may not change the outcome, either losing or gaining but deep down we have known it doesn't matter and all that would rely on just waiting patiently and see the yielded results. Investing spare money is also a good way out of the doom of losing the money invested.

oktana

sr. member

Activity: 1582

Merit: 281

Eloncoin.org - Mars, here we come!

New Altcoins are risky. Aside what happened with FTX and the rest, looking at the statistics of the number of Altcoins being created, you should know by default that bad eggs are getting into the picture and it’ll start getting hard to identify them. If you want to reduce the risk, invest in Altcoins that are know and have gained balance. But it doesn’t mean that you can’t risk it (if you have the money to) and try new Altcoins.

There are times when we need to break lose boundaries, investing mainly on top Altcoins is a good start but we also would love to consider investing on new Altcoins as well, since they portray the ability to give a successful and significant quick pump compared to the top Altcoins who does it's own price movement on a gradual process. It's risky but at most once we get fortunate it's worth the risk.

Don’t simply say “once we get fortunate” because you don’t know if one will get fortunate. I like to tell people that whenever they are investing, they should assume they have lost their money so they can be at peace with themselves. As long as you have spare money to risk, it’s okay to try these new altcoins. Hope for the best but you must equally prepare for the worst.

Obim34

full member

Activity: 224

Merit: 195