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Topic: Does altcoins actually have the potentials of generating benefits to investors? - page 3. (Read 1549 times)

sr. member
Activity: 1848
Merit: 341
Duelbits.com
Yes, altcoins can provide huge returns to investors. and very many investors have benefited greatly from altcoins. and if you want to invest in altcoins, then in my opinion now is the right time to buy altcoins that have the potential to grow in the future. and you can find information about altcoins through coinmarketcap. because there you will find many altcoins that have the potential to increase in the future. look for the top altcoins.
You have to assess altcoins from all sides because altcoins also have the highest loss impact, recently many losses from FTX investments and previously high losses from Luna coins and many other negative impacts from altcoin investments. So investing in altcoins also has the potential to be profitable but you have to understand investment patterns based on analysis and technical because some altcoins are only feasible for short term profits.
Yes, we have to be even more selective in determining which altcoin is appropriate for us to invest in, because if we choose the wrong one, we will not get a profit but a loss. Here the OP didn't specify which altcoin he meant, so I'm afraid he chose the wrong altcoin. There are many choices here and not all of those choices make us profitable. Honestly, for me personally now it's better to allocate my money into bitcoins for several reasons.
newbie
Activity: 28
Merit: 0
Not all knockoffs will have the potential to be profitable. Altcoins are riskier than Bitcoin and can be profitable when you buy or trade the right items.
There are a lot of scam projects in the crypto market, so be careful when choosing them. Knowing the fundamentals of the project and knowing how to choose altcoins and handle your assets will make you as profitable as possible in altcoins.
hero member
Activity: 2282
Merit: 589
Yes, altcoins can provide huge returns to investors. and very many investors have benefited greatly from altcoins. and if you want to invest in altcoins, then in my opinion now is the right time to buy altcoins that have the potential to grow in the future. and you can find information about altcoins through coinmarketcap. because there you will find many altcoins that have the potential to increase in the future. look for the top altcoins.
You have to assess altcoins from all sides because altcoins also have the highest loss impact, recently many losses from FTX investments and previously high losses from Luna coins and many other negative impacts from altcoin investments. So investing in altcoins also has the potential to be profitable but you have to understand investment patterns based on analysis and technical because some altcoins are only feasible for short term profits.
full member
Activity: 798
Merit: 100
Reward: 10M Shen (Approx. 5000 BNB) Bounty
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.

Yes, altcoins can provide huge returns to investors. and very many investors have benefited greatly from altcoins. and if you want to invest in altcoins, then in my opinion now is the right time to buy altcoins that have the potential to grow in the future. and you can find information about altcoins through coinmarketcap. because there you will find many altcoins that have the potential to increase in the future. look for the top altcoins.
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
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.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
I don't have any idea why this topic attracted so many newbies all of a sudden but I can tell you that it can definitely make a lot of noise for everyone and the profits that you make could not be just from price increase but could even turn into income. This is only possible if you pick the right ones, there are 100 bad ones for each good one so you have to be careful.

But, if you find the good one, the real one, then you could both make money from the price of that coin/token going up but also from the staking/dividends that it pays you every single day and you could totally get rich from it. This all depends on how good of an investor you are and if you can find any good ones.
legendary
Activity: 2198
Merit: 1232
You should be afraid to put your money in a single altcoin. Buying an altcoin without research can be bad for you, many novices can invest in dysfunctional altcoins with hearsay. I don't think it would be enough to look at the projects in the top 100 in the market. You also have to guess which meta trend will be in the next season. Many altcoins are worthless in the case of extinction right now. Its community is strong, and Major altcoins will provide you with a safer investment.
member
Activity: 546
Merit: 78
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, absolutely but it requires hard work Research on various altcoins Their Roadmap, Tokenomics, Fundamentals, etc. and Investors are all things that are quite helpful to invest in any project.
newbie
Activity: 23
Merit: 0
Investing is risky, and if you have traditional investment experience, it is not much of a problem to enter cryptocurrency trading. You can pay more attention to some professional traders first. The first few investments can be considered a tuition fee. Don't be too excited to make money, keep your original intention, and don't invest a lot of money because of excitement and lead to losses.
newbie
Activity: 23
Merit: 0
Altcoins can also bring benefits to investors, depending on when you buy or sell. Good profits are made when you buy low and sell high, but timing is difficult for many investors.
Now many projects in the crypto market are scams, so before investing in altcoins, you must have a complete understanding and understanding of them, and choose to trade or invest with strong technical support.
newbie
Activity: 26
Merit: 0
Altcoins definitely bring some benefits, and many people prefer to invest only in altcoins. They think altcoins can make a lot of money.
If you only invest in meme coins, you may get higher benefits, but this risk is increased. Many meme coins do not survive for a long time, and your money may be gone when you wake up.
jr. member
Activity: 46
Merit: 1
Altcoins can also bring benefits, but most of them exist for a short period of time and the investment risk is relatively high. Before investing in altcoins, understand the crypto market, learn more about investing and trading, and choose the right project. Knowing the timing of buying and selling is also very important, and grasping the right timing can lead to higher profits.
hero member
Activity: 616
Merit: 749
Obviously altcoins have potential. If an investor want to invest for long term than check the fundamentals, members, roadmap, community and use case of it. For making short term and intraday profit, altcoins actually have potentials. Altcoins on centralized exchange are bit safe then decentralized exchange.

All that can be excellent and yet the project still fails, with altcoins it's only hype that plays a part in the high returns the project gives. When project get hype by influencer and big money spenders then the small investors jump on the trend in buying the coin and in return the project gets the publicity it wasn't getting previously and pumps. Many altcoins has given people lots of profit so the saying that investing in altcoin isn't profitable is a lie. Just that we should be careful of our investment because in as much as altcoins has given people lots of money, it has also made many people go broke.
With altcoins, you shouldn't always think long term. Hold the coins but sell whenever there's a confirmation of the projects not doing so well. Don't be a believer as the CEOs are all liers and will say anything to keep the reputation of their projects intact meanwhile the project is dead.
newbie
Activity: 11
Merit: 0
You can learn more about cryptocurrencies and then choose whether to invest or not. It is still different from traditional investing. If you are a novice, you can observe it for a while, and you can try it with that part of the capital. No one knows it right from the start, everyone needs to explore and learn slowly. Good luck.
newbie
Activity: 37
Merit: 0
Many altcoins have the potential to be profitable, but not all altcoins will bring you profits. There are many investors who benefit from altcoins.
Altcoins are more risky than Bitcoin, so when trading altcoins, you need sufficient cryptographic knowledge and analytical skills, and enough experience to find coins with real potential.
newbie
Activity: 5
Merit: 0
Obviously altcoins have potential. If an investor want to invest for long term than check the fundamentals, members, roadmap, community and use case of it. For making short term and intraday profit, altcoins actually have potentials. Altcoins on centralized exchange are bit safe then decentralized exchange.
member
Activity: 476
Merit: 60
Investing in the right altcoins is actually the fastest way of becoming a millionaire in this crypto space

Indeed, by investing in altcoins, our will quickly become a millionaire as long as our invest with large capital. but if our invest in altcoins the risk is very high. because if our fail to invest in altcoins. it will drain our money very much.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
My experience from the last few years shows that smaller coins means way bigger risk and it's usually better to just invest very small sums in minor coins. If you focus on some of the bigger altcoins, the volatility seems to be lower and the risk too.
That's the ratio from investing in those altcoins that are not yet known, the chance to go home big is high but the risk is also higher that you may go home with nothing.
Investing in the top altcoins won't be as risky as theirs but the returns won't be that much too because of many factors like lesser volatility. But, that doesn't make them exempted from the volatility and they can pump as much as they can too within a single day and be dumped too hard in a single blow within less than a day.
member
Activity: 966
Merit: 25
Ton Together | Save Smart & Win Big
In reality, if you know what you're doing, there's no limit to the ways in which you can make money in the crypto realm. Any facet of cryptocurrencies, if properly explored, represents a potential gold mine. As a result, it stands to reason that you might make money trading altcoins; you would only have to figure out how. Altcoins, and especially the new ones, are not an area where I plan to invest for the long-term. Although certain projects could give you more earnings if you keep them a little longer until they make considerable development, sometimes I don't have the patience to wait for that and instead just ride the wave of the moment with short-term trading.
copper member
Activity: 23
Merit: 0
Co-founder of CryptoLists.com
My experience from the last few years shows that smaller coins means way bigger risk and it's usually better to just invest very small sums in minor coins. If you focus on some of the bigger altcoins, the volatility seems to be lower and the risk too.
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