Are new altcoins being too risky? Current market trend - page 8.

jossiel

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Quote from: asriloni on August 13, 2023, 12:39:25 PM

Investing in the big coins much more safer but it doesn't guarantee your money will be safe. Remember this.

This is also my principle after investing in the failed altcoin investments of mine.

It's safer and more peace of mind because they won't just dump too quickly. Though the tendency is always there, let's just say that the chance is lesser.

So, it's about security and profitability when both of them can be present to a project then you have to choose that.

asriloni

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Crypto will always be risky. It doesn't even matter whether that's new or old altcoins. The key was on yourself. As long as you are aware about how to identify the project properly and you can avoid the scam token.

did you remember luna or even celsius? those old coins have been scamming bunch of people. I think that it depends on how luck you are. Remember always try to be careful with your money.

Investing in the big coins much more safer but it doesn't guarantee your money will be safe. Remember this.

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

...It's better to invest in established coins rather than newbies.
Please share your opinion.

Of course, it is safer to invest in time-tested altcoins. But you do understand that you will not get super profits by investing in such coins. But by investing in new coins, you can theoretically get a super profit and this is what attracts the investor. But such an opportunity to get a super profit is offset by the possibility of a complete loss of the deposit.

SUPERSAIAN

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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.

jasonjm

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The majority of new altcoins are risky. Some altcoins look very promising but we don't know about their fate in the long run. It is always better to invest in established coins backed by innovation. They have chances to survive the future trends. To safeguard your investment you should invest in BTC and ETH for the long term.

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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.

Not being able to accurately predict the popularity of a project or coin does not guarantee that it will last forever or be free of problems.

There are many factors that can affect the popularity and survival of a cryptocurrency project or coin. As you mentioned, there are unexpected situations that even experienced people cannot predict in advance. This makes investing riskier and more complicated.

If you want to minimize risk, choosing top altcoins or class 1 coins can be a good strategy. But remember that no investment is completely risk-free. The cryptocurrency market has always had uncontrollable factors, and it is very important to remain vigilant and manage risks.

lienfaye

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

It's better to invest in established coins rather than newbies.

Indeed. Many altcoins are launching everyday but only few of them can last long for having a real use case and not just a pump and dump coin. The reason why it's really risky to invest in new coins since you need to conduct an extensive research to find a hidden gem out of thousand alts existing.

Therefore if you're looking for alts to invest in, it is advisable to choose an established coins. Less risky and proven to be worthy even it takes months or years before you can see the result. Though often, alts are only good to hold for short period.

crwth

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The better term for what others are doing, that invests in new altcoins and expects a significant return, is gambling. They are just risking their money and want to have that return.

I think the initial launch gets the price dipped because of the people selling it. I think it's pretty much expected because many people who have invested in something want to get that initial return that they want and probably will not HODL for a long time. It's expected for those short-term investors.

As for the long term, that's another risk that you can take but as long as you have the right mindset, you can really focus on just letting it be and possibly having that "chance" to earn/profit.

bitterguy28

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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.

actually there is almost no changes since you have rested, and actually it is getting worst as there are big scams happened recently.
meaning that your question is completely answered and that is we are safe in old and stablished projects or meaning the top currency , they might not fast moving but at least assurance is there not life super risky new projects.

JeffBrad12

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Quote from: Tomcolor on August 10, 2023, 01:24:55 PM

Many altcoins are risky at this time and stay away from meme coin in particular. There are many old projects which were once dead but they are now waking up because they want to get investors from the bull market. But all these projects can lead to loss of your capital. They want to enter the bull market to sales supply them and later they will flee the market.

most of the projects that have died before, and trying to wake up again usually always ended up dying again.
investors nowadays are smart enough to avoid some of the projects that have bad history of failures.
nowadays i think its the emerging altcoins thats massive, and the good quality coins out there, don't necessarily requires us to invest, instead they have something called retroactive airdrop in which trying to make people interact with their blockchain and get rewarded accordingly. though indeed they might have some fundraising through platform like binance and the likes, but they are legit, since they have been reviewed by some big platforms.

Tomcolor

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Many altcoins are risky at this time and stay away from meme coin in particular. There are many old projects which were once dead but they are now waking up because they want to get investors from the bull market. But all these projects can lead to loss of your capital. They want to enter the bull market to sales supply them and later they will flee the market.

makishart

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Just remind you if the risk will always be there. It doesn't even matter how good or bad the reputation of coin. The risk will always be there. Sometimes investing in the low cap coin is not that bad compared with big cap coin.
As long as you do know the fundmental of new coin and you can identify whether that coin is good or bad for you. It's not all of new coins were bad. Some coins were backed by some big names like binance, coinbase, etc considerably as good coins.

We must know how good the fundamental owned by the coin first. It will not be useless if you were judging the new coin without even try to analyze to know how good the fundemntal of coin itself.

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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.

If you are interested in altcoins then there is little doubt that if you want to reduce the risk you are taking then you need to invest in the top altcoins in the market.

However it is very important to be very clear about this, this strategy only reduces the chances you can suffer huge losses, but it does not eliminate them completely, as there have been several cases already of coins that got to the top 10 and they simply collapsed at some point.

shinratensei_

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investing in coins with market capitalization only good for long term i guess.
so many are just vanishing into thin air after their first appearance, they usually have short term bullrun and after its done, they'd just plummeted until they eventually got delisted.
its just the truth with most of the altcoins, even the slightest market movement and some series of correction already puts them in difficult position beyond any saving.
the point being if you are eager to invest long term as you said, only invest in more established coin for the sake of long term returns and not vanishing into thin air along the way of your investments.

Oilacris

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Quote from: kentrolla on August 08, 2023, 03:58:36 PM

Quote from: Mpamaegbu on August 08, 2023, 02:28:14 PM

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

Please share your opinion.

That a coin/token is top on the list doesn't mean it can't still disappear into thin air overnight. That shouldn't be a yardstick for picking a project to invest in. Well, maybe in the past so many of us thought it was the needed pointer but recent events over the past few years have proved that to be wrong. It's not a yardstick any more. Apart from Bitcoin, ETH, XRP (Nee Ripple), Dogecoin and Litecoin, other coins currently on the top 20 on the list weren't even there seven years ago. Most of those on the list then have either collapsed or are now not favourable investment picks any more as they've lost steam and are nowhere close to the top today.

On general, crypto investment is risky; whether with old coins or new ones they're all risky. Bitcoin isn't exempted from that risk too. The one advantage Bitcoin has over others is its ability to recover whatever dump it suffers during bear rally. Other coins may not survive the bad moment.

Completely aligned with your opinion, as we have seen some of the altcoins which were forecasted as the future like FTX, LUNA, Celsius & etc just shattered the life and investment of thousands of investors it became evident and yes Bitcoin is no exception but as you rightly mentioned it has ability to recover the previous dump and reach new ATH post bear run but patience is the key here since users especially newbie tends to sell everything due to FUDS and sometimes situation pushes the experts as well due to financial circumstances to sell at bear. In short I would says it's better to invest in top coins than random shitcoins.

When it comes to investment then there's always an accompanied risks on which it would really be just that so common that there would be projects or new coins that flies out when it comes to value and

there are ones who do kiss up the floor directly after a few hours or days that it had been launched. It all matters with the demand and if we cant able to see up these things then expect about failure.
The main reason on why people do really keeps on trying out to get enter with those cheap prices or on the time that the project is just starting up is that they would be able to get in into those cheaper prices on which it could potentially give out that kind of moment on where they could really get that enormous profits on the time that the project do make out some pump.Market is never been safe since from the beginning on which it is really just that right that you should really be minding about risks management approach on the time that you would be dealing or engaging with it.

maydna

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That's why we must be careful if we want to invest in new altcoins because not many can get a good position on the list. As mentioned, the coins people thought could reach the top spot in the market devastated many investors. But for now, Luna seems to want to bounce back from her breakdown, but we'll see.

And we should choose the top coins proven to increase and can survive in the market well. And if you really want to choose a new altcoin, you have to understand the risks, and if you accept the risks, you can do an analysis and gather more info.

kentrolla

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Quote from: Mpamaegbu on August 08, 2023, 02:28:14 PM

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

Please share your opinion.

That a coin/token is top on the list doesn't mean it can't still disappear into thin air overnight. That shouldn't be a yardstick for picking a project to invest in. Well, maybe in the past so many of us thought it was the needed pointer but recent events over the past few years have proved that to be wrong. It's not a yardstick any more. Apart from Bitcoin, ETH, XRP (Nee Ripple), Dogecoin and Litecoin, other coins currently on the top 20 on the list weren't even there seven years ago. Most of those on the list then have either collapsed or are now not favourable investment picks any more as they've lost steam and are nowhere close to the top today.

On general, crypto investment is risky; whether with old coins or new ones they're all risky. Bitcoin isn't exempted from that risk too. The one advantage Bitcoin has over others is its ability to recover whatever dump it suffers during bear rally. Other coins may not survive the bad moment.

Completely aligned with your opinion, as we have seen some of the altcoins which were forecasted as the future like FTX, LUNA, Celsius & etc just shattered the life and investment of thousands of investors it became evident and yes Bitcoin is no exception but as you rightly mentioned it has ability to recover the previous dump and reach new ATH post bear run but patience is the key here since users especially newbie tends to sell everything due to FUDS and sometimes situation pushes the experts as well due to financial circumstances to sell at bear. In short I would says it's better to invest in top coins than random shitcoins.

Mpamaegbu

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

Please share your opinion.

That a coin/token is top on the list doesn't mean it can't still disappear into thin air overnight. That shouldn't be a yardstick for picking a project to invest in. Well, maybe in the past so many of us thought it was the needed pointer but recent events over the past few years have proved that to be wrong. It's not a yardstick any more. Apart from Bitcoin, ETH, XRP (Nee Ripple), Dogecoin and Litecoin, other coins currently on the top 20 on the list weren't even there seven years ago. Most of those on the list then have either collapsed or are now not favourable investment picks any more as they've lost steam and are nowhere close to the top today.

On general, crypto investment is risky; whether with old coins or new ones they're all risky. Bitcoin isn't exempted from that risk too. The one advantage Bitcoin has over others is its ability to recover whatever dump it suffers during bear rally. Other coins may not survive the bad moment.

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

... It's better to invest in established coins rather than newbies.

I don't too feel which one is better, because the investment problem starts from us already dyor, and the object here has also been considered from the beginning. The emerging trend as well as the signals surrounding the price increase cause any coin to rise, and vice versa. This market is volatile before the news, or rather FOMO, people often remind many newcomers that the process of happening is a completely different story. New things appear to compete, and they cannot afford to be eliminated over time, in the top 10 list is a change many times different from btc.

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Quote from: Apocollapse on August 08, 2023, 12:29:52 AM

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

It's better to invest in established coins rather than newbies.

And the answer is Bitcoin, nothing else.

LUNA, FTX, Celsius, and BlockFI aren't newbies, AFAIK they're top 30 coins in CMC, LUNA ever reach top 10. Right now Polygon is in 11th position, so technically LUNA was more established than Polygon. After all the list in CMC is useless because they determine top coins based on the market cap (price x supply), not the use case, trusted etc.

Its not about top ten standings position coins in Coin Market Cap but how trusted with owner and advice teams with their coins, can't guarantee with Luna are on top ten position in CMC at the become scams coin and the same happening with FTX collapse and not only with FTX coins but also FTX exchange scam their member. I have priority with investing between Bitcoin or Ethereum only as long term, but short term could be other altcoin as option but never hold more than one month worry will get the same with Luna and FTX coins. Many top standing coins in CMC collapse and delisted on exchange market, its true with too risk when trading in altcoin due unpredictable how long exist or listed on exchange market and price keep stable up.

Topic: Are new altcoins being too risky? Current market trend - page 8. (Read 1994 times)