Topic: Are new altcoins being too risky? Current market trend - page 9. (Read 1994 times)

Yes, there is hope of making a good income from established coins than new coins in the market, because we have seen massive pump of some of the old coins in the market that attracked many investors to invest more in that particular coins. It will be better to take a risk to invest in Solana and binance in this bearish season, because there are some signs the coins are developing in this season that made many investors to believe that they are going to make a good income from them when the price hit higher in the market soon. I don't think, investing in new coins can give you exactly what you want in your investment, because many investors has lost a huge amount of money from new coins hope that they will make a good income like the way other investors are making it from old coins in the market.

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.

Well isn’t it common sense. You can invest in older and more established coins like Litecoin or dogecoin and not worry about the developer doing a rug pull of some kind. But make much less profit. Or you can invest in some new project which might be a ponzi but might 100x in a short while.

As your proof with FTX and Luna, even if it had a high market cap, it can still fail and that’s where a lot of people were caught off guard. They trusted those developers and got burned when it turned out they were scams.

I can always feel the big risks associated with the whole cryptocurrency industry and looking at new altcoins one will always wonder what can be the future of them...or are they being managed by people whom we can trust or are they just here to make as much money as they can...and then go somewhere they can enjoy their abundance? Of course, new altcoins speak a lot of dangers and even red flags and that is why one has to be so careful - never "invest" what you can't afford to lose, as they say. Now, having said that, I am convinced that there will always be a number of people so willing to stake and face the risks looking for that ONE that can be x10, x1000 or even be x1000 or more.

Well, I guess I'm less prone to get scammed because I'm focusing more on the established coins, and those top coins in terms of market cap that has been there for a very long time, and has survived multiple bear markets already. I will not say those coins, but you already know those altcoins especially if you are in the crypto space for quite some time.

To answer your question, new altcoins, or I should say new projects are risky AF. I mean chances of this project to go rug pull is at it's highest when it's still starting. Developers can just run away with the money that they have, and on the other hand, the investors doesn't have any assurance at all that they will get in return of their money aside from their trust that they will deliver a good project that will be beneficial to all users, and those investors. Because of this, the trust is very low when it comes to new projects thus, the chances of these projects to become successful is really low.

Though we've seeing many projects being created on a daily basis, the chances of them being there for at least 6 months or even more is low. If you're a newbie in investing, I suggest to just focus on those top coins like what you said in the 2nd part. Just be careful still because there are projects such as LUNA who are in the top, but turned out to be a scam. Or maybe just focus on Bitcoin.

Extremely risky! Most of the altcoins that are popping now are scams, so be careful.
Some also are just here for hype, they are riding the current market situation or what is trending and stealing people's money.
New altcoins tend to have a more high chance of failing compared to altcoins that already exist today and make sure to do research also especially to altcoins that already have use case.

There would be always no assurance of everything and this should really be bare up on mind on someone who would really be tending to invest with altcoin or even with Bitcoin.There's no such thing about
sure profit because market is always been that volatile and always been that unpredictable. If you are planning to dive with altcoins then always take up some risks factor or considerations about on the possibilities on getting some losing investment knowing that not all new coins that flourished out on the market would really be having that kind of pump situation.Some might be able to hit up and some do eventually die right away and this is why you should really be that having always that risk factor and management on whatever trend that you would be able to face on.
Its always been risky and there's no investment that wont really be risky in the first place.

Altcoins are always risky, especially if they're new. That's not a market trend, it's just something that new projects all have. Investing in well-established coins or in new coins is really just a matter of what you want, if you want more profits, investing in new altcoins would be better since if they were to be say, the next ETH,XRP or something, then you'd gain big if you were an early investor. If you want something more stable and relatively safe, then invest on coins with a well-built reputation, but don't expect insane gains. Just like how it is in Bitcoin, you can't exactly see 1000% or 10000% gains anymore. There is the saying the greater the risk, the greater the reward after all.

We could say that even if it was an established project, we can really feel confident, no is not. We still consider crypto investment risky but it was too risky in investing in new projects as we are uncertain about its performance. We must have to be cautious when choosing crypto, too many of them but I was sure that those old projects like ETH and BNB are the best project to choose from. If we are into investing, it is not really all about how much we possibly earn but what matters most is we have at least assurance that we can earn some, not losses.

You just can't be sure with the altcoins market for the long term. Despite that there have been established ones, maybe you just go ahead and lock in to them.

This is the reason that if you're investing, you better choose bitcoin instead. You'll have nothing to worry by owning and investing on it. While the altcoins that are already established, you'll also got have some peace of mind with them.

However, you'll never know how exactly they're going to be at the top rankings. Because many of the top ranks before have gone done and now forgotten.

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.

Investing in altcoins that may not have future opportunities is very risky. Even a top altcoin like LUNA could be a Scam due to a developer error and FTX went bankrupt with its many scandals. I prefer to get into Ethereum because it is the king of altcoins and has definite growth over other altcoins which are not necessarily as good. Or the main investment is of course just Bitcoin, there is nothing better. For the long term, Bitcoin is highly recommended, we will see a halving occur and it will be a moment when Bitcoin experiences a significant increase like the previous halving.

We all know and even as that as an active user who is always following updates from most of the top altcoin should be able to know whenever a coin is about to go sideways, and following trends is even the most difficult issues as those project might be featured trend. That is to say most of them are paid advert project to be very popular on social media which would likely attract much investors. Whenever such projects fails it keeps all newbies investors at a very high risk especially those who don't follow their channels properly to know the latest update awaits the projects they invested into. That is why, is best advisable to invest in Bitcoin or to a top known altcoin just as you mentioned earlier; any new project launching now are basically of deception to lure investor into investing in their project in order for them to prepare for the next bull run.

Not something new or not really that a shocking situation yet this had been always the case of been the standard here on crypto space on which if there's one who would be able to get that popularity or demand,

there are also those projects or coins that would eventually die out because of certain on conditions or situations on which there's no way that we could be able to tell on what would really be the thing that will happen yet it could really happen on an instant or sudden on which those people who do make out some investment would neither leaved out on the peak or would totally bag holding some shit coins if they would be
able to hit up the rock bottom and never intend to make out some recovery after that. This what makes the market too unpredictable due to this kind of probabilities.

If you do like on having that less risky dealing then top altcoins or Layer 1 coins would be the best choice but of course dont bare or put up into your mind that this is risk-free because
there's no such thing about assurance if we do speak about crypto investment.

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.