Topic: Dangerous to invest in new Altcoins? - page 2. (Read 6456 times)
Too many scamcoins, Try to get some info on d coin before investing
if you were planning to invest some of the altcoin then go for the steady one though it failing a lil bit if you think its worth for investing then go on you can keep it and when you see that its increasing then trade it or sell it imidiately
Any investment into a technical innovation is risky.
Probably an alt that is PoS will replace the energy wasting mining process of the early cryptos. No coin that blatantly wastes energy is going to be widely adopted but the concept of trustless decentralized digital currency is not going away.
That should tell you something about the potential this very dangerous investment.
Probably an alt that is PoS will replace the energy wasting mining process of the early cryptos. No coin that blatantly wastes energy is going to be widely adopted but the concept of trustless decentralized digital currency is not going away.
That should tell you something about the potential this very dangerous investment.
Yep, investing in any altcoin with limited or zero innovation is dangerous.
But investing in cryptocurrency with great innovation, such as Bitcoin, does not make you feel very safe either.
So always remember the investment golden rule:
"If you don’t fully understand it, don’t invest."
But investing in cryptocurrency with great innovation, such as Bitcoin, does not make you feel very safe either.
So always remember the investment golden rule:
"If you don’t fully understand it, don’t invest."
Innovation is a must for new altcoins, or it will have no chance to be bigger.
Not all Crypto currencies apart from Bitcoin are solely made in order to make the creator rich, thats a ridiculous statement for anyone to make. In anything in life once something is proven to work and it adopted by a significant number of people copies of it will be made. This isn't a bad thing it produces competition and advancements in any industry. Yes there are some coins out there that are somewhat unethical but there are definitely a lot carrying a great deal of credibility that can be useful as currencies as well as speculative investment opportunities. Its sorting out which ones are which that is the fun/profitable part
Altcoins carrying a great deal of credibility?
Could you please name a few?
It is very very risky to invest in BRAND NEW alts. Litecoin is okay tho
I don't invest in Altcoins. It will always be risky
Stick with btc for now
Still a little too early to call the winners amongst other cryptos
Still a little too early to call the winners amongst other cryptos
Not all Crypto currencies apart from Bitcoin are solely made in order to make the creator rich, thats a ridiculous statement for anyone to make. In anything in life once something is proven to work and it adopted by a significant number of people copies of it will be made. This isn't a bad thing it produces competition and advancements in any industry. Yes there are some coins out there that are somewhat unethical but there are definitely a lot carrying a great deal of credibility that can be useful as currencies as well as speculative investment opportunities. Its sorting out which ones are which that is the fun/profitable part
Better invest in genuine coins.
The Altcoins are designed to enrich the creator, plain and simple. BTC may have been designed for that purpose as well, but at least it was extremely innovative.
Not every creator pre-mines their own coins, those are the alts you should steer clear of.
2nd you should avoid buying instamined coins early because they are usually dumped to hell as soon as they hit an exchange.
Doge is an anomaly in that it is a piece of crap coin but ppl are still buying it.
It violates all the rules of being a good coin.
1. Instamine
2. High block rewards/hyper inflation
3. infinity coin production
Basically stay away from alts like doge
yes it up to you
The greater the gamble, the higher the return.
It's really dangerous to invest on new altcoins with big amount of premine. Might be better to invest on those innovative altcoin with no premine.
Buy btc, ignore the rest
@OP it's dangerous to invest in new alternative cryptocurrencies as everything
A little... jeje
Unless you really believe in them its probably just better to pump and dump. Dogecoin is forever though.
Doge is just a litecoin clone with an adorable icon....
IMHO, it will stay for a while, but not forever...
doesn't matter..
as time goes doge will be mined more and more and more slowly generating less and less coins
The higher the risk the higher the potential profit or loss 
that my advise
that my advise Jump to: