Do we just invest in any altcoin? - page 3.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: Chainsmokers on June 10, 2023, 12:29:37 PM

There are many altcoin choices, if you want to invest safely then you have to look for altcoins that are already listed on Binance,
you could say the altcoins there are CZ's altcoins, so it's 90% safe,
but we also have to follow the altcoin projects that we hold because they can if the project doesn't progress, CZ will delist it

I understand why you put Binance as the basis or medium to choose altcoins but for me, it was not enough to say that particular project is worth investing in because not all altcoins that are listed in there are profitable, some are just dead cows waiting to get delisted and thrown away. Better to just focus on its volume and the current market performance as this will help to determine the future of this project, not the exchanges where it was listed. In fact, like LUNA before, it was listed in a big exchange but it turn a scam, so definitely it was not the assurance to think that we are secured.

Chainsmokers

sr. member

Activity: 1372

Merit: 252

There are many altcoin choices, if you want to invest safely then you have to look for altcoins that are already listed on Binance,
you could say the altcoins there are CZ's altcoins, so it's 90% safe,
but we also have to follow the altcoin projects that we hold because they can if the project doesn't progress, CZ will delist it

gaston castano

sr. member

Activity: 1526

Merit: 251

Quote from: BaeSuzy on June 06, 2023, 07:05:38 AM

Do some research seriously before you decide to invest in any project, you cannot just invest in any random big altcoin in this crypto world. Atleast you understand the project, what project/services they offer and the team behind the project, so even though the project doesn't match your expectations in the future, at least you've tried your best to choose the right one.

and also read and find out what projects were featured at that time, for example when it was summer people would buy ice cream instead of drinking hot drinks.
because the trend will make us more quickly get our target.

MainIbem

hero member

Activity: 1316

Merit: 379

WOLFBET.COM - Exclusive VIP Rewards

Quote from: doomloop on June 09, 2023, 05:42:45 AM

Quote from: podluznyj on June 07, 2023, 04:10:57 AM

Quote from: MainIbem on May 30, 2023, 08:30:43 PM

There is no guarantee you must make profit investing in a newly launched project or altcoin, the first poster already made it clear.
But if you like altcoin there are some of them that are trusted and reliable so just locate them and make your analysis to see if suitable with you or not, otherwise bitcoin is the best maybe if changing of mind then buy ETH, BNB, MATIC.

Yes, I agree, no one will give you a guarantee that you should make a profit from new projects. Well, as you said, if you like altcoins, there are many reliable ones, well, I will also say that in any case, bitcoin is the best option really.

Even if Bitcoin is the best cryptocurrency and should be the first priority of a trader, having some diversity in your portfolio might bring you more profits in the short term. One thing is certain, altcoins other than ETH a couple more are not suitable for the long-term, so if you are trading altcoins, you are supposed to buy and sell them in the short term after you are in profit.

Investing in new projects might be rewarding sometimes but it also involves high risk because not every launched project is bound to become successful and perform well in the charts. So whenever one chooses to invest in new projects, they should first do their due diligence.

Absolutely correct, just that they are not reliable and is not good for newbie invest because they may not know how to handle it properly. Like for instance, those who don't have any idea about cryptocurrency may not survive it that much because they would feel relaxed thinking is the best option they have taken, as a crypto enthusiast whenever you venture into altcoin invest you should be able know whether to hold for long or short but usually it's best to hold for a little period than relying on it. Still on still i give's my advises to hold bitcoin in bear market than holding altcoin all less a targeted altcoin.

doomloop

hero member

Activity: 2408

Merit: 584

Quote from: podluznyj on June 07, 2023, 04:10:57 AM

Quote from: MainIbem on May 30, 2023, 08:30:43 PM

There is no guarantee you must make profit investing in a newly launched project or altcoin, the first poster already made it clear.
But if you like altcoin there are some of them that are trusted and reliable so just locate them and make your analysis to see if suitable with you or not, otherwise bitcoin is the best maybe if changing of mind then buy ETH, BNB, MATIC.

Yes, I agree, no one will give you a guarantee that you should make a profit from new projects. Well, as you said, if you like altcoins, there are many reliable ones, well, I will also say that in any case, bitcoin is the best option really.

Even if Bitcoin is the best cryptocurrency and should be the first priority of a trader, having some diversity in your portfolio might bring you more profits in the short term. One thing is certain, altcoins other than ETH a couple more are not suitable for the long-term, so if you are trading altcoins, you are supposed to buy and sell them in the short term after you are in profit.

Investing in new projects might be rewarding sometimes but it also involves high risk because not every launched project is bound to become successful and perform well in the charts. So whenever one chooses to invest in new projects, they should first do their due diligence.

Xal0lex

staff

Activity: 2436

Merit: 2347

Quote from: disconnectme on June 07, 2023, 01:07:14 PM

I would be foolish to think you just pick Altcoins at random and invest into them, if you looked at the previous bull run, the 2017/2018 and the 2021/2022, it is the new set of Altcoins that do pumped. I don't expect the likes of Ethereum, XRP, Solano, Cardano, Tron etc to give the kind of returns that ARB, OP, SUI, Aptos etc the new tokens coming during this bear market. There are a lot of bag holders holding the old coins and they are waiting to break even and will continue to dump the tokens ones the tokens pumps, but these new Altcoins do not have bad holders and people have faith in it that it is the next Ethereum killer.

Old altcoins will never give as much return as new altcoins. New altcoins won't give as much confidence in an investment as old, proven altcoins can. The important thing here is to find a balance and an understanding of what you want from altcoins. Many people want the difference between the purchase price and the sale price, but not everyone is willing to put up with the high risk that accompanies new projects, so they go to invest in old projects, which can be called conservative investing, where people are not chasing high profits.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: wxa7115 on June 08, 2023, 10:24:45 PM

Quote from: disconnectme on June 07, 2023, 01:07:14 PM

I would be foolish to think you just pick Altcoins at random and invest into them, if you looked at the previous bull run, the 2017/2018 and the 2021/2022, it is the new set of Altcoins that do pumped. I don't expect the likes of Ethereum, XRP, Solano, Cardano, Tron etc to give the kind of returns that ARB, OP, SUI, Aptos etc the new tokens coming during this bear market. There are a lot of bag holders holding the old coins and they are waiting to break even and will continue to dump the tokens ones the tokens pumps, but these new Altcoins do not have bad holders and people have faith in it that it is the next Ethereum killer.

This is a dynamic that is often neglected by those bagholders, they all want to breakeven after the shitcoin in which they invested crashed and they were unable to get out in time.

But even if the developers behind the coin were honest about their intentions to bring the project back at its former glory, the truth is that as soon as the coin presented some positive movement then a bunch of bagholders desperate to recover some of their money back will sell their coins, making a full recovery an impossible task.

Trust is missing from that situation, bagholders aren't looking for a profit anymore but at least getting some from their investment even though they will lose. This could be a desperate idea but sounds practical if you fall into the wrong investment. That is why research is vital when it comes to investing because of a lot altcoins flooded the market and most of them (the majority) are potentially shitcoins while just a few of them are worth investing. If we could about that situation, we really think that we can't invest blindly and so we need to be more careful.

Patrol69

sr. member

Activity: 686

Merit: 286

Quote from: ?? on ??

Yes, I think, there are bitcoin's alternative, because too much expensive.
I have profit at ETH and TRX, I buy ETH in ICO the first time. And i have cash out of it.
But You must research first before you hold altcoin.

Among the ALT coins you have mentioned, these coins are quite reliable and one can invest in these coins with confidence. But if you want to invest in the above mentioned coins then you will be investing in limited range it is better not to invest extra amount in ALT coins. And I think in addition to investing in Bitcoin we should invest in some potential ALT coins because some reliable and trustworthy ALT coins in the market are capable of going to a good market condition in the future so we should not miss any opportunity.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Of course we can't just invest in random altcoins. we need to do research for it. maybe quite a lot of people are trying to take advantage of the bull moment to sell the altcoins they hold, then just leave it, even the devs do the same thing.
many people say that we need to be a smart investor. in that way, we will not be a smart investor, moreover the risk is also very large. try to do research to choose altcoins that can be held for a long time, especially projects that continue to develop their products.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: disconnectme on June 07, 2023, 01:07:14 PM

I would be foolish to think you just pick Altcoins at random and invest into them, if you looked at the previous bull run, the 2017/2018 and the 2021/2022, it is the new set of Altcoins that do pumped. I don't expect the likes of Ethereum, XRP, Solano, Cardano, Tron etc to give the kind of returns that ARB, OP, SUI, Aptos etc the new tokens coming during this bear market. There are a lot of bag holders holding the old coins and they are waiting to break even and will continue to dump the tokens ones the tokens pumps, but these new Altcoins do not have bad holders and people have faith in it that it is the next Ethereum killer.

This is a dynamic that is often neglected by those bagholders, they all want to breakeven after the shitcoin in which they invested crashed and they were unable to get out in time.

But even if the developers behind the coin were honest about their intentions to bring the project back at its former glory, the truth is that as soon as the coin presented some positive movement then a bunch of bagholders desperate to recover some of their money back will sell their coins, making a full recovery an impossible task.

disconnectme

hero member

Activity: 1876

Merit: 512

I would be foolish to think you just pick Altcoins at random and invest into them, if you looked at the previous bull run, the 2017/2018 and the 2021/2022, it is the new set of Altcoins that do pumped. I don't expect the likes of Ethereum, XRP, Solano, Cardano, Tron etc to give the kind of returns that ARB, OP, SUI, Aptos etc the new tokens coming during this bear market. There are a lot of bag holders holding the old coins and they are waiting to break even and will continue to dump the tokens ones the tokens pumps, but these new Altcoins do not have bad holders and people have faith in it that it is the next Ethereum killer.

someone703

full member

Activity: 944

Merit: 101

PredX - AI-Powered Prediction Market

Established projects that are actively developing technology and expanding their user base can achieve significant growth in a bull market. These projects may already have established partnerships, real-world use cases, and a dedicated community that could contribute to their growth potential. So investing during a bear market can present an opportunity for long-term holders, as prices are often lower. If you believe in the potential of a project and its ability to follow through on its roadmap, investing in a bear market can be beneficial. Also, new projects can be attractive due to their growth potential, but you should still be selective and choose projects that have a solid foundation and a clear vision for their future growth.

X-ray

hero member

Activity: 3094

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

When I choose the instruments to invest in, I focus on the project and I am a long term investor. For example, I recently bought Cirus because web3 and AI are not only the future of crypto but the future of the world.

meh... are you sure about that? It seems to me if you were saying bullshit. https://coinmarketcap.com/currencies/cirus-foundation/

If that token that you have bought and then your money already worth nothing right now caused by it's gradually dumped to the bottom. I think that all you have said was actually BS at this moment.

I think that cirus token will be die soon. You just give an example about how people shall always try to DYOR before try to pick anything from the market. It's caused by any token can make you lose your money anytime.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: Ngemmeng on June 07, 2023, 05:48:28 AM

the increasing number of new projects makes the competition even tighter, many new projects fail not because of scams but because they are unable to compete and do not innovate. it is not uncommon for new projects to fail in sales because currently investors prefer to invest in large altcoins such as ETH. So I agree with you, the projects that survive and innovate are the winners.

new projects that cannot compete and develop or do not have new innovations will only become trash projects. Just look at how new projects that have appeared, in just a matter of months they are gone and there is no interest. only projects that are still surviving are able to evolve with the times and have a strong team and new innovations. maybe thousands of projects have been present, but the successful ones may be dozens of new projects.

FahriZah

member

Activity: 485

Merit: 10

Everyone can investment their own decisions but every crypto investors need to know how to start investment in alt coins and need to properly research before invest and after investment need to patience for market pumping.

naikturun

sr. member

Activity: 1190

Merit: 267

Undeads.com - P2E Runner Game

No, it is not advisable to invest in any altcoin without conducting thorough research and due diligence. Investing in altcoins carries risks, and not all altcoins have the same potential for success.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: tvplus006 on June 04, 2023, 05:51:17 AM

Quote from: awik p on June 04, 2023, 02:06:06 AM

for new altcoins I think using it to make a profit and after leaving the market will be better. but it's different with major altcoins like eth and bnb, I think making it a long term investment is also very attractive. ..

It should be remembered that BNB is centralized and its success depends on the well-being of the Binance exchange. Accordingly, if something negative happens to the exchange, then the price of BNB may decrease, as it was with the FTT exchange coin, after the collapse of FTX.

Now there is exactly such a situation on the market, which was described by me earlier. All the negativity that has developed around Binance is automatically transferred to the BNB coin, after the SEC made a number of accusations against the exchange and its leaders.

MainIbem

hero member

Activity: 1316

Merit: 379

WOLFBET.COM - Exclusive VIP Rewards

Quote from: podluznyj on June 07, 2023, 04:10:57 AM

Quote from: MainIbem on May 30, 2023, 08:30:43 PM

There is no guarantee you must make profit investing in a newly launched project or altcoin, the first poster already made it clear.
But if you like altcoin there are some of them that are trusted and reliable so just locate them and make your analysis to see if suitable with you or not, otherwise bitcoin is the best maybe if changing of mind then buy ETH, BNB, MATIC.

Yes, I agree, no one will give you a guarantee that you should make a profit from new projects. Well, as you said, if you like altcoins, there are many reliable ones, well, I will also say that in any case, bitcoin is the best option really.

Just take for an example of what happened few days concerning Binance.us, the little shake of the exchange have truly affect bitcoin market, at this point altcoin follows so if you didn't make your research very well you would see that any newly launched project may bear pressure. Let say during bear market newly launched project may not survive the pressure and if not we are expecting bitcoin halving by next year, which is few months to go now we would have experience a separate thing from the market but that still remains,with time the market would change direction and gets to normal.

waONE

full member

Activity: 518

Merit: 100

Quote from: AakZaki on June 07, 2023, 03:41:35 AM

Quote from: riskarcher on June 05, 2023, 12:18:57 PM

Even you invest coin with potential project it will never change the coin will fall to the deeper. Developer are smart compared with investor for manipulation of project they created and also situation of market. Each coin have their phase for grow up but if the development of the product they not improve as well, only time will erase they existence. Think about what kind your investment for long term

It's different if you choose a top Altcoin that is already trusted. Just look at ETH which is the top altcoin and is recommended after Bitcoin. each coin does have a development phase, but the development of ETH continues. Crypto price fluctuations are normal, this is a cycle and it will always happen. Who can survive he will win.

As for Ethereum there is no need to doubt it anymore because Ethereum is indeed an altcoin that has a good product, that is the Blockchain Technology that they make.
but for long-term investment Ethereum is not a good choice because Ethereum already has a very high ROI and it is unlikely that Ethereum will be x10 in the next bullrun.
if you want to be safe, Ethereum is a good choice, but if your investment wants to get more results, of course, the potential altcoins at rank 300-500 coinmarktecap are a good choice.

Ngemmeng

full member

Activity: 1134

Merit: 100

SOL.BIOKRIPT.COM

Quote from: AakZaki on June 07, 2023, 03:41:35 AM

Quote from: riskarcher on June 05, 2023, 12:18:57 PM

Even you invest coin with potential project it will never change the coin will fall to the deeper. Developer are smart compared with investor for manipulation of project they created and also situation of market. Each coin have their phase for grow up but if the development of the product they not improve as well, only time will erase they existence. Think about what kind your investment for long term

It's different if you choose a top Altcoin that is already trusted. Just look at ETH which is the top altcoin and is recommended after Bitcoin. each coin does have a development phase, but the development of ETH continues. Crypto price fluctuations are normal, this is a cycle and it will always happen. Who can survive he will win.

the increasing number of new projects makes the competition even tighter, many new projects fail not because of scams but because they are unable to compete and do not innovate. it is not uncommon for new projects to fail in sales because currently investors prefer to invest in large altcoins such as ETH. So I agree with you, the projects that survive and innovate are the winners.

Topic: Do we just invest in any altcoin? - page 3. (Read 886 times)