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Topic: Does altcoins actually have the potentials of generating benefits to investors? - page 2. (Read 1549 times)

hero member
Activity: 2366
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In general, some altcoins can show good growth and even surpass bitcoin, since altcoins have less capitalization and it is much easier to raise the price! but again, not everything is so simple, much depends on the project that released this altcoin! but altcoins themselves are also an interesting tool.
it's like investing in early phase of startups it definitely have the chance of giving high return but at the end of the day many of them are unsustaining and will just become bankrupt, but the point is, you certainly could make some good fortunes off the fact that the value of these coins are highly fluctuative and it's just matter of finding the right chance for realizing the gain.
hero member
Activity: 1456
Merit: 608
Vave.com - Crypto Casino
As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything
Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.
at this time marketing situation is bad that's why New projects are coming to the market comparatively less.  And the projects that are coming to the market are not doing very well either. And due to the deterioration of Bitcoin and some recent bad events like LUMA crash, FTX bankruptcy, all the altcoins in the market are in a very bad condition. So if one is planning to invest for long term then now will be the suitable time for him.  If he invests now, he will get good quality profits as soon as the market improves
I am agreeing your words but I want to mention that Alt-coin is now high risky for investment  whether it's for long-term or short-term. The market is in such a bad state right now that anything can happen, so I would advise you to refrain from investing in any kind of alt-coin right now.  And currently, the new coins can't survive in this situation or they are scams, so if you have to hold or invest, I suggest you to suck bitcoin. However, it is better to use lazy funds to invest.
This bad market situation can be a golden opportunity to earn big profits .because must of the coins and tokens are in a huge dump and all will be recover again Which has happened a few times before . So it would be smart to invest in some potential altcoins at this time. I am personally interested in investing in BNB and MATIC at the time.  I am not giving final advice to anyone.  I am just expressing my opinion
hero member
Activity: 2996
Merit: 609
As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything
Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.
at this time marketing situation is bad that's why New projects are coming to the market comparatively less.  And the projects that are coming to the market are not doing very well either. And due to the deterioration of Bitcoin and some recent bad events like LUMA crash, FTX bankruptcy, all the altcoins in the market are in a very bad condition. So if one is planning to invest for long term then now will be the suitable time for him.  If he invests now, he will get good quality profits as soon as the market improves
I am agreeing your words but I want to mention that Alt-coin is now high risky for investment  whether it's for long-term or short-term. The market is in such a bad state right now that anything can happen, so I would advise you to refrain from investing in any kind of alt-coin right now.  And currently, the new coins can't survive in this situation or they are scams, so if you have to hold or invest, I suggest you to suck bitcoin. However, it is better to use lazy funds to invest.
There are people who cant just sit down and would just letting the opportunity to slip away.We do have indeed lots of coins in the market and most of them are shit but we arent that blind that there are

ones which are really that having the potential or does have the chance for you to make profits and this is where diversification would start out.If you could bare up the risk then its not bad to have

considerations on putting or throwing up money into altcoin investment but you would really still need to make out some research and having those in depth considerations before making such step.
If there's no chance on making profits with altcoins then we wont be able to see those volumes that they do currently have specially with those in rankings.
sr. member
Activity: 1274
Merit: 457
Vave.com - Crypto Casino
As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything
Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.
at this time marketing situation is bad that's why New projects are coming to the market comparatively less.  And the projects that are coming to the market are not doing very well either. And due to the deterioration of Bitcoin and some recent bad events like LUMA crash, FTX bankruptcy, all the altcoins in the market are in a very bad condition. So if one is planning to invest for long term then now will be the suitable time for him.  If he invests now, he will get good quality profits as soon as the market improves
I am agreeing your words but I want to mention that Alt-coin is now high risky for investment  whether it's for long-term or short-term. The market is in such a bad state right now that anything can happen, so I would advise you to refrain from investing in any kind of alt-coin right now.  And currently, the new coins can't survive in this situation or they are scams, so if you have to hold or invest, I suggest you to suck bitcoin. However, it is better to use lazy funds to invest.
hero member
Activity: 1456
Merit: 608
Vave.com - Crypto Casino
As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything
Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.
at this time marketing situation is bad that's why New projects are coming to the market comparatively less.  And the projects that are coming to the market are not doing very well either. And due to the deterioration of Bitcoin and some recent bad events like LUMA crash, FTX bankruptcy, all the altcoins in the market are in a very bad condition. So if one is planning to invest for long term then now will be the suitable time for him.  If he invests now, he will get good quality profits as soon as the market improves
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything
Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.
newbie
Activity: 86
Merit: 0
Sure investors benefit if they invest in the right coin, like GELDC for example, because GELDC
has the highest marketcap of all coins and if it gets listed at coinmarketcap dot com
then it is even ahead of Bitcoin and Ethereum and all the other low marketcap coins.

So, if investors buy now they are ahead of the masses and can profit massively.
newbie
Activity: 35
Merit: 0
Some altcoins can bring benefits to investors, but not all altcoins are like this.
Especially for beginners, investing in altcoins at the beginning means that there is a greater risk. Don't rush to make a profit, lest you suffer a huge loss from the beginning. You can start by investing in Bitcoin and learn encryption knowledge from it, and then move to altcoins when you have enough investment experience and skills. This is when there is enough power to profit from buying or trading the right items.
hero member
Activity: 1456
Merit: 608
Vave.com - Crypto Casino
As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything
hero member
Activity: 1246
Merit: 699
In general, some altcoins can show good growth and even surpass bitcoin, since altcoins have less capitalization and it is much easier to raise the price! but again, not everything is so simple, much depends on the project that released this altcoin! but altcoins themselves are also an interesting tool.
for short term profit, yes we can use altcoins for that. but for long term profit, it will be risky if we don't choose the right asset.
sometimes, exchange project tokens/coins are considered very good for the long term. but after what happened to FTX, I think more and more people will avoid tokens/coins from exchange projects as they are riskier in the long run. Be wiser in choosing your investment assets. many suggest focusing more on Bitcoin.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins are indeed profitable, but altcoins have greater risks than Bitcoin.
There are a lot of rubbish coins in the encryption market, because some altcoins are too risky, you must carefully choose to invest in potential altcoins, and you need to conduct research and analysis before making an investment decision, try to study those top-ranked altcoins in the market and rationally choose.


Not only as being a profitable investment but also, project tokens or altcoins most of the time has utility whether in the sector of entertainment, healthcare and such. Point is that, other than being an asset, there are other usage of it. such as with gambling projects wherein tokens of that certain projects would allow a player to use the token in order to be able toplay different gambling games. Same thing with other games in crypto industry wherein their tokens are being used to buy things in the game which would make the game more enjoying if it has additional "buy in items." But we still cannot blame people who are looking forwrd with alctoins only as for alternative investment .There's really more into this technology.
newbie
Activity: 24
Merit: 0
As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.

So I decided to come here to seek the views of experienced traders on the potentials of altcoins.

Altcoins are indeed profitable, but altcoins have greater risks than Bitcoin.
There are a lot of rubbish coins in the encryption market, because some altcoins are too risky, you must carefully choose to invest in potential altcoins, and you need to conduct research and analysis before making an investment decision, try to study those top-ranked altcoins in the market and rationally choose.

hero member
Activity: 1190
Merit: 506
Eloncoin.org - Mars, here we come!
In general, some altcoins can show good growth and even surpass bitcoin, since altcoins have less capitalization and it is much easier to raise the price! but again, not everything is so simple, much depends on the project that released this altcoin! but altcoins themselves are also an interesting tool.
full member
Activity: 760
Merit: 104
Moonbet.io
Instead of leaving no doubt that ALTs make a lot of money for both short and long term investments, you can examine the potential of alts on CMC or coin gecko, by comparing the trading volume of BTC with the top 50 alt coins.

And then you will understand the power of alts and how much people invest in them for passive income sometimes people come buy when the market is bullish and never come when the market is bearish, so it's time to take some for long term investment at least next 1 to 2 years it will be profitable for you, not guarantee for short term investment, but do further research which altcoin good for you, go and see MATIC and BNB. so be careful in choosing it. That's because too many altcoins will only give you a hype feeling but in the end, it will wear off and you will never like it.

Bitcoin, altcoin or any project, you should choose the best based on what you know about them.

You DYOR before investing your money but if you trade you can just look it up on the exchange, see the volume and make it right.
hero member
Activity: 1330
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Leading Crypto Sports Betting & Casino Platform
Altcoins have the opportunity to bring huge profits but it is not always a good time to invest in it, many people saying that now is the right time to invest in altcoins is a mistake. Altcoins should only be invested when the market shows signs of bullishness, altcoins are not a long-term investment.

In the bull market, altcoins will have already gone up and you would end up buying at the top, so it is tough choice and a difficult to make one. Once in the bear market, it is difficult to predict which coin will be going to the top in the next bull run - this ends up becoming a gamble. If someone is willing to take the risk, allocate funds separately for altcoin trading and bitcoin trading with strict rules to not mix the two. The altcoins are going to be a risky move to make while bitcoin is way safer if bought in the bear market.
an investor who has invested in altcoins during the bearish season is still ongoing, of course he is ready to accept all the risks that occur. and actually for me it is not difficult to choose which altcoins have good potential in the next bullish season, by choosing old altcoins. because old altcoins have been recognized by many investors who always bring big profits after the halving and bullish arrives


There is definite potential for altcoins to generate benefits for investors. But this will happen only if the project actually has an inherent market making capability along with a good team and ongoing development. Difficult for them to compete in the mainstream market. Roll Eyes
actually it is true that altcoins will really have big profit potential for investors, but that applies when the bullish season is coming and for old altcoins (IMO). so it would be better if investing in altcoins is better to buy when the signs of the bullish season are coming, as @Ayers said
member
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Tontogether | Save Smart & Win Big
whether altcoins are profitable or not for investors depends on the investors themselves, because there are already many altcoins that provide big profits to their holders.
if you choose and invest correctly, at some point I'm sure the coin will experience a significant premium.
but not all altcoins have a good long term and have the potential to experience a premium, there are also some coins that actually hurt their investors.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Altcoins have the opportunity to bring huge profits but it is not always a good time to invest in it, many people saying that now is the right time to invest in altcoins is a mistake. Altcoins should only be invested when the market shows signs of bullishness, altcoins are not a long-term investment.
In the bull market, altcoins will have already gone up and you would end up buying at the top, so it is tough choice and a difficult to make one. Once in the bear market, it is difficult to predict which coin will be going to the top in the next bull run - this ends up becoming a gamble. If someone is willing to take the risk, allocate funds separately for altcoin trading and bitcoin trading with strict rules to not mix the two. The altcoins are going to be a risky move to make while bitcoin is way safer if bought in the bear market.

There is definite potential for altcoins to generate benefits for investors. But this will happen only if the project actually has an inherent market making capability along with a good team and ongoing development. Difficult for them to compete in the mainstream market. Roll Eyes
legendary
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Leading Crypto Sports Betting & Casino Platform
You have hope when investing in Altcoins, of course you have to look at the types of Altcoins, founders, teams, developments in the crypto market and so on, investing in Altcoins takes a long process for you to understand and get profits, in my opinion if you are a beginner just do long-term investments in Bitcoin & Ethreum, it's safer for you.

Without a doubt, the long term investments in well known top list coins are the safest and most rewarding but time consuming.

While this "sentiment" might be good for some investors, most people come in crypto for easy and quick gains and not time-consuming ones. This does not mean that they are bad, but just that their mindset is different and possibly they are in a money crunch and trying some risky moves. For them the downward spiral begins with buying a shitcoin and then watching it go down until it never comes back up.

My honest opinion is that dont try to get into crypto if you are in for short term gains, unless if you have insider information about advisors dumping or something else. Get in to stay for the long and get in for bitcoin.
Always go for a long term investment with bitcoin. Although altcoins are still profitable only if you come to chose and invest with top ten coins in the marketcap, but if you want more secure and guaranteed bigger profits ahead, then stick to bitcoin it. Sometimes, it’s best to take a bigger risk by buying expensive bitcoin than to settle in less and affordable altcoins and see your investments not growing in the end.

I advise OP to only invest in bitcoin and ethereum at this point. Even the top 10 altcoins there is no guarantee that we will make a profit, FTX and Luna have shown us that bad things can happen this bear season.

Altcoins have the opportunity to bring huge profits but it is not always a good time to invest in it, many people saying that now is the right time to invest in altcoins is a mistake. Altcoins should only be invested when the market shows signs of bullishness, altcoins are not a long-term investment.
sr. member
Activity: 1974
Merit: 450
I do not guarantee that except for those who understand about the potential of the coin and are patient in the face of extreme market conditions. Those who are stuck with motivators or content creators who only bruise their wealth from buying coins will only lose their assets here.

When it comes to potential, yes, Altcoins have a very promising profit potential, but I suggest investing in Altcoins, you need to do research first regarding their utility and fundamentals, and even then if you want to invest for more than one month.
But unfortunately, that doesn't guarantee the safety of your investment funds, just like Luna and FTX, they have pretty good fundamentals and their ecosystem has been running for several years.

If you want to profit from Altcoins you only need Scalping when the coin is hyped.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
You have hope when investing in Altcoins, of course you have to look at the types of Altcoins, founders, teams, developments in the crypto market and so on, investing in Altcoins takes a long process for you to understand and get profits, in my opinion if you are a beginner just do long-term investments in Bitcoin & Ethreum, it's safer for you.

Without a doubt, the long term investments in well known top list coins are the safest and most rewarding but time consuming.

While this "sentiment" might be good for some investors, most people come in crypto for easy and quick gains and not time-consuming ones. This does not mean that they are bad, but just that their mindset is different and possibly they are in a money crunch and trying some risky moves. For them the downward spiral begins with buying a shitcoin and then watching it go down until it never comes back up.

My honest opinion is that dont try to get into crypto if you are in for short term gains, unless if you have insider information about advisors dumping or something else. Get in to stay for the long and get in for bitcoin.
Always go for a long term investment with bitcoin. Although altcoins are still profitable only if you come to chose and invest with top ten coins in the marketcap, but if you want more secure and guaranteed bigger profits ahead, then stick to bitcoin it. Sometimes, it’s best to take a bigger risk by buying expensive bitcoin than to settle in less and affordable altcoins and see your investments not growing in the end.
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