Topic: Does altcoins actually have the potentials of generating benefits to investors? - page 6. (Read 1521 times)

Putting an amount that you are willing to risk losing is definitely the number one key aspect of this. Another would be making sure that you are investing not because of any hype by anyone, not even if a million people hyped about it (like shiba) but to make sure that you are investing because you saw something in it, like in the fundamental core of it. That way you would know what you are investing into and you know you are making a profit from it as much as you can.

Otherwise what is the point of investing into something that is low? Just end up getting bitcoin and you would be able to profit from it in the long run anyway, so why risk it?

Altcoins make great profit both existing and new, sometimes they make more profit than bitcoin. The only challenge about altcoin, is identifying a good project early. a lot of all these altcoins are scam or one cycle project; they lack good and experienced team, fund, community and idea that can last 4 years. Majority of projects with a sole developer, scam the project and refuse to proceed in the development. So, no matter how trusted a new project is, take your profit before the dump.

But he is just a beginner so it's fine if he can start with a small amount until he grasps things properly. I've seen lots of starters who then put large amounts and then get discouraged and never came back again right after they experience a failure.

It's still possible to produce a good amount of profit from just a small capital. It can be done by luck like when you pick up a new born coin and then it booms. Or by skills like you will trade established coins slowly but surely. It's difficult to make massive gains through btc because its value is expensive already but we can only hope that it will drop more so that we can still be able to make decent returns.

You need to understand that if you have a small capital, then it does not make sense for you to invest, since this is a long-term process during which you will be able to increase your capital. In this case, the best solution would be to trade altcoins, which are more volatile and can give a profit in the short term. But in any case, you need knowledge in order not to lose your money.

If you enter the market with little capital, then it will be difficult for you to make a lot of money from bitcoin. You can buy bitcoin today and forget about it until 2024. Altcoins are more dynamic, they are traded on decentralized exchanges and can give more profit. But first, study altcoins from the top 30 Coinmarketcap.

Yes, that's right, altcoins can be profitable for investors. But to make money on cryptocurrency, you need a good experience. For a beginner, this is very difficult, and it takes years to gain experience. And I also want to say that none of the experienced traders will share their experience. Therefore, in order to succeed, you need to study the cryptocurrency market and gain experience in order to make good profits.

This is common with the investors. Over time they'll learn about the reality of the market and make themselves prepared for the right investment than falling to hype. Altcoins are good investment, but identifying the right ones beyond that in the top list is simply a hard task. So, when going for investment on altcoins which aren't popular it is good to invest what one can afford to lose.

Being more vigilant when you want to invest in something new is a must-have. It's better to be like that to avoid losses due to ignorance. It would be better if we learn first about what we are going to invest, then consider the positive and negative sides based on good analysis from other people and also our own analysis. Remember, do not only follow the advice of others but also based on our own analysis and considerations.
Apart from that, there are several important aspects when it comes to investing in altcoins. Because not all altcoins will be able to survive during this bear market. Therefore, you have to be smarter and more alert to find out what altcoins really have potential. Don't be influenced to buy altcoins from new projects even though they promise big profits, because this can be a gamble for us.
It would be better if you choose top coins, especially those that have proven to be good and have potentials, such as ETH and BNB.

I invest some money in one ICO, with very good perspective. Maybe you heard about Insider protocol? This is ecosystem which have HFT bot, and you get every month also passive income, and Itˇs very effective. I earned from 1k USD to 28k USD in period of more then a year. Sounds good for you? When it will be finished, you will have all great stuff in one place. From wallet, to DEXchange called Atlas DEX swap (it requires no registration, no KYC, and is only an anonymity-focused service with enhanced features). Anonymity is secret weapon, based on improved version of MimbleWimble blockchain technology. The entire team has set very high standards for this project, and they even look forward to surpassing the Monero. Binance launchpad is done deal, when this project will be finished. Some of the portals like Coindesk, Bloomberg, Enterpreneur did write about it. In the end, the Insider Protocol project aims to create a completely decentralized blockchain system with its native asset known as IPRO. It provides a promising platform for users to make passive incomes through their trading cards. Besides, the team 'The Mechanics of the Future' is already working on a handful of projects, including an alternative to LocalCryptos that possesses absolute anonymity and without the need for any registration or KYC.

Very few people do their due diligence, they get so desperate to invest in the project fearing they are going to miss out the opportunity to make profits they simply forget about finding out if the project is legitimate, then they get scammed and that is when they finally begin to ask the questions they should have asked at the beginning, but when they finally have acquired the resolve to do so it is too late and there is nothing they can do to recover the money they have lost.

It is possible to see a good number of altcoins available in the market. The better you analyse, you'll get to know about more potential altcoins. Altcoins give higher ROI against bitcoin, and for the same we need to be lucky to invest on such coins. In recent days it was Shiba and many doesn't have the trading volume. As suggested altcoins are good for short term profiting. Missing opportunities might take much longer time period.

Of course, Bitcoin is number one without a competitor, but there is good altcoin in the market, I advise you to try altcoin that has a good rank in the market only, altcoin is good for quick speculation, but it has high risks and is not good for long-term investment, if you want to invest in the long term I advise you to Bitcoin But if you want a quick profit in the short or daily term, look for altcoin with a large daily speculative trading volume.

Right.

There are altcoins that are profitable and good for long term holding but not all of them in general are good to hold. One example is holding Ethereum, we all know what it is and how good it is for long term.

But not everything that we see in the altcoins market are going to be the same as Ethereum. Too many choices and that makes a newbie investor confused on what to choose from those.

It's riskier than just choosing bitcoin because you need to do all of those things like DYOR and everything. Unlike having bitcoin, you're at the safest ground by having it.

Most of the newly launched ones are short term gainers only. The long term ones are already in the top list of aggregators. They are pricey and hence not the common choice for any newbie.

If someone does a good background research they will realise that almost any altcoin is worth zero time and investment from fellow users. But people follow hypes and therefore the current situation of the market.

Bitcoin is the best among all such coins but few people actually understand this and hence such threads come up.

You do know that it's not all of the altcoins are profitable right off the bat. "Experienced" traders in this case will say yes altcoins are really a good way to make profits in trading but can you manage to do that? It requires you to read the indicators, read the latest news, manage your emotions and many more stuff to even mention it. You said you are a beginner so yea it's a risky way to make money, unless you are willing to lose your money at first for the return of experience so you will do better next time. It's up to you.

If you are a beginner and want to invest in Altcoins, you should look for someone who really understands Altcoin trading, because if you only hear from someone without hands-on practice, it is a very big risk in my opinion. In crypto exchanges you need instincts that must be understood and also algorithms in market movements so that you can understand them there.

It is important to not only talk about the positive aspects of investing in altcoins, it is true that you can make more money with them than with bitcoin, however there are many problems with investing in altcoins as well, first there are tens of thousands of coins, which makes selecting the right one very difficult, second there is no guarantee the altcoin in which you invested goes up in value, third when bitcoin goes down altcoins will crash even harder, and fourth you could get scammed and lose everything you invested in that coin, so people need to remember this before they invest in any altcoin.

If you decided to heed this advice, then you should choose a reputable platform to stake your stablecoins.  Don't just blindly choose any platform that offers too good to be true APRs and APYs.  Most of these platforms often end up rug-pulling the invested money on their platform.  So if I may suggest, doing your staking on reputable exchanges is a good thing, even though the profit isn't that high, the security of your investment is pretty much assured.

Staking while learning is also a good advice, this can allow you to make some profit while you are still learning. Trading with Altcoins are more profitable, and based on my experience you can really make profit with it you just need to have a good strategy and a good plan. Trading with Bitcoin can also be more rewarding but since it’s value is high, many are not using Bitcoin for their trading activities. Do trades with good altcoins and follow your strategy, later on you can have more profit.

if you are a beginner a novice in the sector you must proceed with caution to avoid suffering large losses from the beginning if you want to earn a little something buy stablecoins to stake then slowly take more risks and invest in altcoins that you think are promising, do not follow false gurus think with your head