Topic: Does altcoins actually have the potentials of generating benefits to investors? - page 8. (Read 1521 times)
September 02, 2022, 06:28:12 AM
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September 02, 2022, 06:25:23 AM
Yes, that's right, every new investor can profit from altcoins. But in order to make a profit, you need to thoroughly study the market of sought-after coins. And also a lot of different nuances, so as not to lose your money. Therefore, to earn money, you need to work hard. In general, investing in cryptocurrencies is a very profitable way to generate income. So if you want to get a decent profit, you need to try.
September 02, 2022, 06:05:28 AM
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.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
A lot of altcoins have potential just depends on your strategy, even you can gain profit from investing in the shit coins since they can give you profit in the short term before it ends up becoming a scam project. If you're scared probably because you used your money that you can't afford to lose so you can't lose your money no matter what. Know the risk and enter when you're ready.
September 02, 2022, 06:00:22 AM
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.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
The thing with altcoins is that you can not give a general answer to your question because nowadays there just so many altcoins out there already. There are great and already very big and established altcoin projects out there like for example Ethereum, Cosmos, Polkadot and Solana for example are all altcoin projects that already have a marketcap of way more than 1 Billion $. So if you invest in one of those projects, then the risk of a total loss of your investment is very small in my opinion.
Then of course there are thousands of new or very small altcoin projects and there the risk of a loss of your funds is very high, but of course there you always also have the chance for a potential moonshot, even though that chance is pretty slim.
September 02, 2022, 05:29:59 AM
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.
You can trade in altcoins for short term trades but only consider tokens that have a good 24h trading volume, and don't trade low volume tokens because they don't move much and when they move there is a big move either downward or upward.( manipulative moves)So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
However, if you want to invest for long term then I would advise you to keep most of your money in bitcoin only.
September 02, 2022, 03:21:19 AM
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.
If you monitor the market of top altcoins and conduct analytics, that is, you can constantly keep your finger on the pulse, you can trade in the short term. Or if there are assets that can be forgotten about for a long time, then, as an option, exchange tokens in staking can also bring profit. This is my humble opinion, the choice is yours anyway. So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
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September 01, 2022, 07:28:36 AM
I always feel satisfied each time I ask questions here. Before now I didn't know that other big cryptocurrencies like ETH and BNB still fall under altcoins. I'm really gaining a lot of knowledge here as it has to do with cryptocurrency and trading. I appreciate everyone of you. Love you all.
Any coin other than bitcoin is an altcoin. With more coins coming in view, people think that the top few coins are the real while the others are alts.It is not that all of these coins are worthless, rather it is difficult to actually see which ones are worth investing in. If you are into altcoins try to stay with those top 5 and not with th scum that comes up every day. Because in the long run only the top coins will be the profitmakers.
In the short term it might seem thatyou are missing out on many of these coins. This is not the true case because short term gains happen with many altcoins but carry an equal or higher risk compared to bitcoin. It would be difficult for one to judge the long term coin on any specific coin but for Bitcoin it is always good.
September 01, 2022, 07:24:09 AM
Technically, all cryptocurrencies besides Bitcoin started as random altcoins, and some were successful, so the potential is there. Regarding new ones, the question would be when the market will be saturated.
I always feel satisfied each time I ask questions here. Before now I didn't know that other big cryptocurrencies like ETH and BNB still fall under altcoins. I'm really gaining a lot of knowledge here as it has to do with cryptocurrency and trading. I appreciate everyone of you. Love you all.
September 01, 2022, 01:57:17 AM
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.
If it was not for the fact that altcoins can generate profits then I'm sure that most people investing in them will not do so, altcoins can generate profits but you need to be very careful because there are a lot of altcoins while both your capital and your time are limited, so the chances you actually become profitable while investing in altcoins are really low, to the point that you should invest in them only if you are quite sure about what you are doing, otherwise it is better for you to stick with bitcoin and leave altcoins alone. So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
September 01, 2022, 01:17:50 AM
BIDZ Coin an altcoin which I came across in an AMA today. They have a very interesting utility proposition. They have created their own swap and they will be releasing their own vpn in the coming days. I heard they have a great utility case. Anyone know where can we buy this coin from? I think this altcoin might be able to generate profit for us since it seems like they have real world use case.
September 01, 2022, 12:31:04 AM
Yes, but most of them only last in the short term. Some altcoins actually pop off with how much investment the team does so that their project starts off with a big hype behind them but most of it dies off in the long term, so some investors (if not all) just invest for the start of the project, wait for the peak hype, sell off then look for a new project to invest in. There might be altcoins out there that are worth in the long term but honestly, you're better off shorting them most of the time.
The short answer is yes, you just need to know what and identify the hows.
The short answer is yes, you just need to know what and identify the hows.
September 01, 2022, 12:18:56 AM
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.
Altcoins are also profitable but more risky than investing to Bitcoin. If you happen to buy the alts that are worthy to hold then its likely you'll gain from it. There are investors who made profit by selling for short term when the price increase even a bit, or through holding and sell at their target price.However not everyone who invest in alts are fortunate to gain because many investors made a wrong decision by choosing a not established coins or those meme coins for quick profit. Hence if you really want to invest in alts and achieve your desire to gain then take time to learn about alts, have a plan because its important. Ask yourself if you want to trade for short term or hold alts for long term. Because if you already know the things that you need to be aware of, you'll understand the best strategy to do in order to not lose your hard-earned money that you will use as capital.
August 31, 2022, 11:41:45 PM
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.
Think that most of the altcoins in the market now are scams or worthless, maybe 90% of them are not worth it.So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
Most of the altcoins now are just good in the beginning or they just want the people's money and after that, they start to vanish and have a lot of issues.
Over time, Ethereum for me is the only altcoin that is worth its investment others are not worth it. Well, just my 2 cents.
August 31, 2022, 11:17:15 PM
There is no doubt that there are many financial benefits in altcoins for all investors but the condition is to have complete knowledge and awareness about altcoins.If you check the track record of all the good altcoins, their value has multiplied three to four years after their launch.There are also altcoins whose value has increased more than 10,000 times within a year.like Solana,Dot.If you adopt a safe investment strategy, choose such altcoins that are fundamentally strong, technically strong. Their backup, their partnership, their team is strong, perfect, powerful. Investors have to choose a coins and invest in it every month or every week. If SIP strategy is followed then there are many benefits for all investors in Altcoin.
August 31, 2022, 07:46:55 PM
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.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
To make things clear, yes, you can make a profit from trading altcoins. Lots of worthy altcoins there.
But the question is, what are those "Worthy" altcoins?
That's the question that you won't get from others as we do have our own preferences on choosing those altcoins. You need to test the waters at your preferred altcoins and do some tests if putting money on those will be worth it or not.
August 31, 2022, 06:18:42 PM
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This is why you go first for Bitcoin and think about altcoins later on, since there are way plenty of altcoins out there that just don't survive the bear market. They are what you see called "shitcoins". Those people that you're talking about are surely short-term holders and usually some. if not most of them, are just purely driven by hypes and those coins do not have utility at all. You would hear meme coins a lot in this section and I am pretty sure that you are not in crypto for memes anyway.
If you're into altcoins, just go to CMC and trade the top coins. It ain't worth risking your first investment/capital for such shitcoin that are way below top 10.
August 31, 2022, 05:48:01 PM
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.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
Of course, altcoin market is also thriving and I think there are many investors who made a lot of money. But the thing is that you should know how to look for gems and that is the most difficult part. You really have to chase and do your own investigations. There could be websites that can help you out with that so again, you have to do a lot o leg work. And it's going to be trial and error, maybe you found something and you think it will give you 10x-100x, but then the project turns out to be scam and just hype. So there is a lot of lessons to be learn before you succeed in this market.
August 31, 2022, 05:43:35 PM
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.
It is true that many people got profits by trading and investing in altcoins. But you must be careful to choose potential altcoins to trade or invest in because some altcoins are too risky. If you are still a beginner, you are better to choose top altcoins that have strong fundamentals. Only buy altcoins that have good projects, have professional teams, have promising products, etc. Just avoid choosing meme coins and other only hype-based altcoins.
August 31, 2022, 05:37:50 PM
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.
many altcoins has a potential to make profits its depend on how you choose the altcoins and how you handle your asset, crypto is high on volatility its a win or loss game and the investors or trader who has a big patience always win. Many investors earn but also many of them loss because they don't have patience and they can't control thier emotions when the market is bear because of greed so have patience and be good. So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
August 31, 2022, 05:30:41 PM
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.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
I'm glad you have a fear when it comes to putting your money in altcoins, it means you are more careful in spending your money on something
you don't understand. Indeed, you should be careful and not in a hurry when trading on altcoins. Unlike Bitcoin, the large number of altcoins is
indeed a very high risk, meaning if you choose the wrong altcoins for trading you can lose your money.
If you hear that there are people who can make a profit from altcoins it's true, but what you have to understand is not all altcoins can give you profit.
That's why before you decide to trade altcoins, I suggest you learn everything about the crypto world. So you understand how to choose altcoins that
have the potential and can give you profit. My advice is just focus on trading on the top altcoins, it will give you a greater chance to make a profit.
Because the demand is high, it makes it easier for you to trade. In addition, top altcoins are more predictable than new coins, where new coins are
more volatile and risk being scams.
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