Are new altcoins being too risky? Current market trend - page 5.

tvplus006

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Quote from: bastian466 on November 28, 2023, 11:04:46 AM

It is definitely better to invest in an established altcoin than a new altcoin, but both have their own advantages and disadvantages. Maybe if they invest in a new altcoin, they hope to provide multiple profits, especially if they are encouraged by the coming bull season, they certainly hope to get high profits

This is a general rule of investing: the higher the expected profit, the higher the risks of losing your money. Therefore, anyone who has decided to invest in new coins should remember that instead of the expected profit, he can leave the market with empty pockets.

cryptoknightt

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I agree with you, Solana which was affected by the FTX case has started to recover from its decline of up to 10$, now it is stable at 50$ and heading towards 100$ next year at least that's my prediction Grin

rodskee

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Quote from: ivankoh on November 26, 2023, 09:05:29 AM

New altcoins are definitely high risk. However, I think in reality there are still serious projects making efforts even though the market is still in a period of recession and regeneration. So I think new altcoins at this stage really have potential. Identifying them is easier than during an altcoin bull cycle. Regardless of these stages, Dyor and feel for yourself, consider and evaluate their quality before investing.

if we can only dig them hard to find? of course there are great new project still there but the
problem is that since there are many scam new projects those legit one are being labeled as scam also
(making it hard for us to distinguish which is which).

Of course there are Serious project because they wanted to stay longer in serving crypto users,
and some of them are staying in the market for longer time instead of just pumping and dumping.

Quote from: bastian466 on November 28, 2023, 11:04:46 AM

It is definitely better to invest in an established altcoin than a new altcoin, but both have their own advantages and disadvantages. Maybe if they invest in a new altcoin, they hope to provide multiple profits, especially if they are encouraged by the coming bull season, they certainly hope to get high profits

the advantage of Old project is that they have steady investors and the potential to increase
more is there while its disadvantage is the attacks that may bring FUD and of course dumping in the future.

bastian466

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It is definitely better to invest in an established altcoin than a new altcoin, but both have their own advantages and disadvantages. Maybe if they invest in a new altcoin, they hope to provide multiple profits, especially if they are encouraged by the coming bull season, they certainly hope to get high profits

peter0425

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Quote from: carlfebz2 on September 27, 2023, 12:16:44 PM

Quote from: peter0425 on September 27, 2023, 05:05:52 AM

Quote from: Questat on August 07, 2023, 04:49:17 PM

That is absolutely right. Why? It is because we never see its market performance yet, unlike these old projects as we can have a basis of their performance in the past that can be used to analyze. We can't just rely on luck or those people that are behind these new projects because we are not certain of what will happen next. While investing in old projects, at least we have a clue as to where it goes as we already have seen their market performance history. It is a big factor to help us decide but for these new projects, we are just hoping for the best.

why we need to trust new when there are already good old project that making best.
for years now we have seen those in ranking and some in top 100 that making act with good reviews and good actions ,
we can hope of course but we can dig the best option mate specially if we are giving our money inside.

Quote from: AnisahSiti on September 27, 2023, 02:06:23 AM

Quote from: kentrolla on August 07, 2023, 02:35:25 PM

Please share your opinion.

Why we do need some thing new? Of course these are the possible reasons.

1. Going for new tech or blockchains which are having that L1,L2,L3 or L4 and so on
2. People would be going into those projects on which they could potentially get 100x or 1000x or even more.
3. Sticking with top ranking ones which prices are already too high then multipliers of profits wont really be that big anymore

you have pointed a valid argument mate and yes this is what mostly said specially those new project supporter though i stand differently ,
yes there are so much to look at in new chains and project but maybe I am tired of dealing with scam project , so I chose to invest in old ones and trusted , but you are correct that outdating is the main issues here and this is what new project wanted to break in.
maybe I will try to look and understand new proejct again as how you put it here.

Myleschetty

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Quote from: libert19 on November 27, 2023, 05:18:10 AM

Quote from: kentrolla on August 07, 2023, 02:35:25 PM

I am active again after a while and a lot has changed but the apathy of tier two altcoins remains same and it's absolute sham because most of the tier two altcoins have hit rockbottom and to a point of no return and some trusted coins like LUNA, FTX, Celsius, and BlockFI etc where people have lost their life long savings and on the other hand we have tokens like Solano, XRP, XLM, BNB, ADA and Matic who are heading on path of recovery.

How do you judge altcoin tier?

I believe he judge the altcoin tier base on the community support level and foundation of the altcoin creation. If you look at most of the altcoin he listed some emulate the concept used to create Ethereum (example SOL, Matic) while some did have get community support base on it decentralization or core fundamental creation.

Quote from: libert19 on November 27, 2023, 05:18:10 AM

Regarding failed coins you mentioned, there is one thing in common that is those were into finance stuff (Luna on it's own was good chain but pegging ust to it, destroyed it) while the survivors are into pure blockchain stuff (except bnb, which is related to binance, cz resigning affected it).

No, every crypto is on a good chain when it havent reach it's max usage. ETH was once sees as scalable crypto when it havent reach it max usage. For Luna and UST which is now USTC if we looking into the concept and utility of the project you'll there's no way it will survive in the long run.

doomloop

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Quote from: kevinzxz on November 22, 2023, 05:57:16 PM

my suggestion it's better for you to invest in the top 10 altcoin on coinmarketcap (safer than other altcoin).

It's a very safe approach to only choose and invest in altcoins among the top 10, but for an altcoin to be good it doesn't necessarily have to be among top 10 cryptocurrencies listed in a certain website or an exchange because some altcoins might be good but they might not have the numbers to be on the top yet but they might eventually make it there. So, one shouldn't avoid all other projects and cryptocurrencies and just focus on the top ones as they may miss a lot of good opportunities because of that.

However, an investor must do their due diligence about a project or a coin before they go ahead and invest in it because where there are a lot of projects with great potential, there is a high number of scams and shitcoins in the surroundings as well and one must dodge them all to become a successful trader/investor.

libert19

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Quote from: kentrolla on August 07, 2023, 02:35:25 PM

I am active again after a while and a lot has changed but the apathy of tier two altcoins remains same and it's absolute sham because most of the tier two altcoins have hit rockbottom and to a point of no return and some trusted coins like LUNA, FTX, Celsius, and BlockFI etc where people have lost their life long savings and on the other hand we have tokens like Solano, XRP, XLM, BNB, ADA and Matic who are heading on path of recovery.

How do you judge altcoin tier?

Regarding failed coins you mentioned, there is one thing in common that is those were into finance stuff (Luna on it's own was good chain but pegging ust to it, destroyed it) while the survivors are into pure blockchain stuff (except bnb, which is related to binance, cz resigning affected it).

super bako

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Quote from: FanEagle on November 23, 2023, 03:30:31 PM

I honestly believe that new coins are not what I really want to invest into. This isn't to say new coins or tokens are bad, but it is really not what I am looking for in the market. I understand the ones who want to do that, they want to take a risk and in return of this risk either they will lose all their investment into it, or they are going to make unreal amount of money. This is the only way to make 100x if you ever make it, you can't just invest into bitcoin and make 100x return anymore, maybe back in the day but not anymore, that would be 3 million dollars, that ain't happening.

However, just because this is "possible" doesn't mean that it is probable, we will most likely not see it, look at the prices all right now, and look at it 2-3 years down the line, and see how many projects failed, and how many made x100, that's the difference.

Now I can only try not to expect anything higher with multiples of 100x rarely happening. Now the target of reaching 10x is very lucky for me. The new coins coming out now do have great potential in the upcoming bull season, it's just that each coin has a different significance. New things can bring change

ivankoh

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New altcoins are definitely high risk. However, I think in reality there are still serious projects making efforts even though the market is still in a period of recession and regeneration. So I think new altcoins at this stage really have potential. Identifying them is easier than during an altcoin bull cycle. Regardless of these stages, Dyor and feel for yourself, consider and evaluate their quality before investing.

mdzahed134

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Quote from: Chato1977 on November 23, 2023, 06:21:50 AM

There is always risk in crypto investing , either it is Bitcoin or Old altcoins but our deep understanding and knowledge is what needed for us to learn which is which.

there are even old coins that risky , sometimes bitcoin is also risky.

Just buy your trusted coin , invest what you can afford to lose and never panic when there is a dumping market because recovery will come that is for sure.

BTC is the number one coin all of the time, don’t make compassion it with others altcoins. You have to understand risk management, investing in BTC isn’t higher risk as like altcoins investment. So if you keep holding BTC then of course you will get good return but altcoins are too risky investment for all the time, it can be scam and if dumping hardly then it’s not sure it will be recover again.

Sophokles

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It depends on which altcoin you are talking about. If you are talking about any meme project then it will always have risks. The altcoin market is very big and it has more than 10,000 tokens listed on popular price aggregator platforms. It is not possible to know about all the projects, so new altcoins are being made every day, and very few get community attention. It will be safe to stay with the most popular and those new projects that created hype in the market. Even pepe like meme project got listed in top exchange after the hype.

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Quote from: Chato1977 on November 23, 2023, 06:21:50 AM

...Just buy your trusted coin , invest what you can afford to lose and never panic when there is a dumping market because recovery will come that is for sure.

Not every coin's price is restored after the dump. Therefore, if you bought a shit coin whose price has decreased, you should not expect that the price will recover sooner or later. And as a rule, this happens with new coins that do not have a cohesive community and any utility.

FanEagle

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I honestly believe that new coins are not what I really want to invest into. This isn't to say new coins or tokens are bad, but it is really not what I am looking for in the market. I understand the ones who want to do that, they want to take a risk and in return of this risk either they will lose all their investment into it, or they are going to make unreal amount of money. This is the only way to make 100x if you ever make it, you can't just invest into bitcoin and make 100x return anymore, maybe back in the day but not anymore, that would be 3 million dollars, that ain't happening.

However, just because this is "possible" doesn't mean that it is probable, we will most likely not see it, look at the prices all right now, and look at it 2-3 years down the line, and see how many projects failed, and how many made x100, that's the difference.

andyou1234

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Currently in the crypto market there are lots of altcoins that have high capitalization, especially altcoins that are in the top 10, where these altcoins have great potential to give you profits, therefore I suggest you stay away and don't buy new altcoins, because these altcoins has a very high risk, but if you want to try it, in my opinion there is no harm, but do in-depth research so that you really know where the altcoin is going and is headed.

Teraboy

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altcoin has always been very risky remember so many ICO went scam back then, now new altcoin are facing survival whether they could keep their price, investing in these altcoin are risky because they fluctuate so much.
also we never know whether these altcoin truly worthy to invest, their so called roadmap and product might be just some fake attempt to lure people, if you want safer investment, invest in project that already gets invested by something like coinbase.

Chato1977

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There is always risk in crypto investing , either it is Bitcoin or Old altcoins but our deep understanding and knowledge is what needed for us to learn which is which.

there are even old coins that risky , sometimes bitcoin is also risky.

Just buy your trusted coin , invest what you can afford to lose and never panic when there is a dumping market because recovery will come that is for sure.

batang_bitcoin

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Quote from: kevinzxz on November 22, 2023, 05:57:16 PM

I agree with you, therefore if we want to invest to avoid big risks, then we can just invest in Bitcoin, but if you really want to invest in cryptocurrency without being afraid of big risks, then you can invest in altcoin, because investing in altcoin can give us a bigger profits than investing in Bitcoin, but of course the risk of investing in altcoin is bigger than investing in Bitcoin, but my suggestion it's better for you to invest in the top 10 altcoin on coinmarketcap (safer than other altcoin).

Many times we tell people to just stay and invest in Bitcoin because if you're for various altcoins, you are balancing a lot your portfolio which in your opinion is right. But in the actuality is you are diversifying too much that's coming to the point that you are wrongly doing it.
Because instead of having a balanced portfolio by having Bitcoin and you are reducing the risk, you are attracting more risk to the portfolio that you have by having several altcoins which is very true to be risky.

rodskee

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Quote from: kevinzxz on November 22, 2023, 05:57:16 PM

Quote from: SUPERSAIAN on August 12, 2023, 04:12:14 PM

Of course they are risky. We know the traumas on Altcoins in the past, FTX, LUNA, these have created big crises in the crypto market. Coins such as BNB, ETH, or the coins you mentioned, which we know as solid altcoins, are going through the recovery process, of course, depending on bitcoin. When the market trend reoccurs, I can say that I am hopeful for alt coins, but even solid coins are just as risky.

I agree with you, therefore if we want to invest to avoid big risks, then we can just invest in Bitcoin, but if you really want to invest in cryptocurrency without being afraid of big risks, then you can invest in altcoin, because investing in altcoin can give us a bigger profits than investing in Bitcoin, but of course the risk of investing in altcoin is bigger than investing in Bitcoin, but my suggestion it's better for you to invest in the top 10 altcoin on coinmarketcap (safer than other altcoin).

there are no better place for our money to be invested but Bitcoin though there are really
a riskier way in altcoin but faster to achieve .if Bitcoin took years sometimes to reach ATH altcoin sometimes .
and for me personally? i hate investing in new project nowadays since the ICO days when multiple scam project
that successfully taken peoples money , so why do i care for new project when there are already lots of existing
project that making investors rich.

Reatim

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Quote from: kentrolla on August 07, 2023, 02:35:25 PM

I am active again after a while and a lot has changed but the apathy of tier two altcoins remains same and it's absolute sham because most of the tier two altcoins have hit rockbottom and to a point of no return and some trusted coins like LUNA, FTX, Celsius, and BlockFI etc where people have lost their life long savings and on the other hand we have tokens like Solano, XRP, XLM, BNB, ADA and Matic who are heading on path of recovery. It's clear that you go with top altcoins (even this involves risk like fate of LUNA, FTX, etc) though there are slight risk of losing but probability of losing everything is even more in other altcoins whose prices are dipped within few seconds after their launch. It's better to invest in established coins rather than newbies.

Please share your opinion.

you have your own opinion in which I believe valid so why need so many answers when it is clear that even you have gone for years the market stays the same that New project cost you big amount of risks than investing in older and proven projects like top 50 currencies(though it does not assure us a gain yet there is a bigger protection than new one)

Quote from: kevinzxz on November 22, 2023, 05:57:16 PM

Quote from: SUPERSAIAN on August 12, 2023, 04:12:14 PM

Of course they are risky. We know the traumas on Altcoins in the past, FTX, LUNA, these have created big crises in the crypto market. Coins such as BNB, ETH, or the coins you mentioned, which we know as solid altcoins, are going through the recovery process, of course, depending on bitcoin. When the market trend reoccurs, I can say that I am hopeful for alt coins, but even solid coins are just as risky.

I agree with you, therefore if we want to invest to avoid big risks, then we can just invest in Bitcoin, but if you really want to invest in cryptocurrency without being afraid of big risks, then you can invest in altcoin, because investing in altcoin can give us a bigger profits than investing in Bitcoin, but of course the risk of investing in altcoin is bigger than investing in Bitcoin, but my suggestion it's better for you to invest in the top 10 altcoin on coinmarketcap (safer than other altcoin).

try not to bring Bitcoin in altcoin discussion because that make no sense at all .
of course bitcoin is the safest but this is about altcoins that if you pay attention you will see that people here are asking for option to other coins than mentioned and aside fromm BTC.

Topic: Are new altcoins being too risky? Current market trend - page 5. (Read 1994 times)