Topic: Are new altcoins being too risky? Current market trend - page 6. (Read 1972 times)

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).

He said altcoins so XRP is already included on it. Risks are normal. Even BTC has it too. We need it. As long as we know what we are doing, we can make overcome it. Many altcoins are still legit including XRP. And XRP is now free from the curse of SEC, so people should not doubt on it anymore. They better buy more now, now that XRP have once again fallen because I believe that once the bull run returns, it can also pump huge.

Elon and DOGE has nothing to do with XRP. XRP is not a meme coin but it's a serious one. It was even backed by the banks. Elon is a meme coin lover and the guy had some mental problems so he can play with the peoples emotions. We should avoid the meme coins he got involved with.

Usually new altcoin have short moment awhile and can't existing or become recommended for long term holding, despite which listing on the top exchange market many of new altcoin worth and success reach to higher price without one week after listing and later drop or stable in lower price. Its worth when investing or trading with new altcoin but don't make it for long term holding because many of new altcoin not have good planning for the future and stuck with lower price.
As new coins with launchpad, pre sale or from airdrop and listed on top exchange not recommended to make it long term investment, make as short term trading with new altcoin and take profit as soon possible before leaving by investor and their opportunity recovery from lower price need long term.

XRP case is already solved, if i'm not wrong XRP is won the case against SEC. But i think you have more safe investment in BTC than XRP. DOGE is always considered as a MEME coin, so what Elon Musk supporting it or not, so you can't trust it like as ETH,LTC & XRP. Some new projects are looking potential but you have to research before investment to avoid SCAM projects.

OP stated about investing in new altcoins, he didn't refer to all altcoins.
All crypto coins is surely risky, even Bitcoin is high risk as well. Altcoins is riskier than Bitcoin, but new altcoins are riskier than old altcoins. That's what I know about the risk of crypto coins.

However, altcoins always offer higher profits because they have high volatility. Even new altcoins can increase multiple times if there is a trigger like listing in a top exchange, partnership with a big company, or having a staking program. It is what people actually expect from new altcoins, they are dreaming for a huge pump. People wants to try their luck on new altcoins.

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.

if many are so scared with investing in altcoin they shouldn't invest, new altcoins are risky, they are still exposed with vulnerability of being bankrupt within few months forward, therefore anyone should rethink their decision twice.
however, we should also understand that without the support and investment hardly there will be any new things in cryptocurrency.

Never ever going with that all-in kind of method on which this is where most people do really fail because they are really doing such behavior on which tending to go all out on the time that they do have the feeling or something that do talks about intuition on a certain project which it isnt really that recommended on doing so.You would really be finding yourself on such big trouble on the time that those investments would go south. Its not really that bad on taking up some risky decisions because we know that the ones who do take risks are the ones who do have the chance on making themselves rich but ofcourse you should really be doing those basic principles when it comes to investment which you cant really just carelessly be applying on most projects in the market. You would really be needing
to have that kind of investment steps and decisions which needs to be followed because if not then you are really that prone to mistakes and errors which would cause huge losses.
There's no such thing about having no risks on dealing with this market specially that there are tons of projects that flourished out on the market and this what makes that choosing
will really be much more harder and this is something that you would be mainly to encounter but of course you would really be needing to adjust.

What actually makes you think that a billionaire who is the richest person in the world would need a meme coin to give him profits? He has enough businesses to earn him enough money without having to do that, so even if he plays around with it, it doesn't really mean that he is profiting from that. That's what I think.

A person will always need to at least do some research from their own end before they get into a financial market like the cryptocurrency market. So, whether they are investing in new or old projects, evaluation is a requirement. But it's true that when a market gets too saturated, there will always be fake entities among the crowd and only proper research and analysis can make someone safe from them.

Yeah, these trial and error part should be done with little amount of money and not a lot. If you keep investing into something a lot bigger then we are not going to end up with anything that would be profitable or smart. I believe that if you put too much money into stuff that are new and untested, you are going to end up with a lot of loss as well. So that is why it is smarter to end up with something that would make you profit when you have the money for it, so do not put a lot of your money into them.

The amount can change, for me 50 dollars would be smart, nothing more, but for a whale it could be smart to put 5k, because he has 1+ million dollars, so 5k is nothing for them, but never put more than 1% into something that is risky.

at current trend investing in new altcoin will just bring about disaster, but there are some altcoins that could still thrive, therefore real analysis is required for investing in altcoin at this bearish season.
you just can't randomly investing and hoping to make profits, things are different with when the market in bullish when you can just throw money and gain some massive profits.

This is what many people think now. People saw top/old altcoins which have good reputation for years, have cheap prices now. So, they probably prefer to buy those coins than new altcoins with have unclear future. People should choose more secure and reputable altcoins as long as they are in cheap prices. Since the bearish season, it makes sense if people will prioritize top altcoins. They may consider new altcoins when they top/old altcoins have expensive prices already.

People must prioritize Bitcoin for their main asset, but many of them also want to hold altcoins because they offer higher profits. We can't deny that we need altcoins, too. We can diversify crypto assets with altcoins. Normal people must be interested in the potential of higher profits.

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

Just like i have said that whenever years passes then tech would becoming that outdated on which it would really be just that so normal that there might be something new that pops out on the market
and which could potentially be placing up some of those coins on the top rankings on which it would really be causing up that kind of probabilities of flip up and this is something
which other people are really that minding on doing so and trying out to seek for those type of projects or coins. Of course we should really be needing to be careful considering on how
many coins or projects that we do have in the market then finding the best one is really a challenging thing.

Current market is in the bear zone and very hard for new projects to get suitable amount of marketcap. Most of the project failed because of low trading volume and low interest of traders. Some wise CEO not listing token in bear market. Investing in new coins in bear market is not good choice because lot of good and long term tokens also down and investors filling bag for bull season. Those new coind which has strong partnerships and backed by big VCS and exchanges is only choice which could give profit and less risky but I buying price also has a high role.

new coins often trade high than actual rate at the start and then start dumping. we shouldn't buy at the peak. when any new token list we have to wait some time so that all big hands sell their token then their is opportunity to buy with hope of some short term profit.

the thing with new altcoin its still in phase of trial and error, you are literally investing in something unproven whether their product gonna success.
therefore you will put your money at stake here, but the thing is if they do succeed your capital would be multipled many folds, unlike investing in already established coin, thats why many are interested.

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.
perfect , why nneed to support altcoins when there is Bitcoin? I must admit that having some small part in altcoins , but I will keep buying bitcoin more and more before the halving.

I also think the same when it comes to crypto investments. It's better to invest in Bitcoin or top altcoins that are old. At this time when crypto is at its lowest phase, I prefer not to invest too much in new projects. Because this concerns investment and the limited funds that I have.

thats always the thing with investing in new projects, too much saturated with scams but some of them are indeed high quality like the ones coming out from reputable platform.
therefore you need to choose diligently which one is promising, otherwise it will be the same as investing in shit coin that should be avoided because of scammy.

Investing in any altcoins is always very risky. Of course old projects look more reliable than new ones, but if you do your own research, you may find some good new projects that may eventually bring more profit than old projects. Maybe you will get lucky and find a new Solana, or for example aptos will become a new giant.

The case was done and XRP won over it.

I don't think that he'll stop supporting it. But he'll continue to troll and play with it through Twitter account. He's loving the attention that's given to him and that's why we might never see him stop doing so. He's earning from it as well and that's why he understands that if he ever need some few chunks of profit like a couple of hundred thousands, he'll just need to talk about it and just do one tweet over it and then the increase will be visible so quick.