Does altcoins actually have the potentials of generating benefits to investors? - page 9.

milewilda

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Quote from: Sunrise360 on August 31, 2022, 09:09:48 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.

Try to look into those top ranking altcoins in the market and i would say that those coins werent have much value back in the past or really does have low but choosing on which projects
would you invest then this is the toughest thing to be done because you dont know on what the future holds and this is where self research and other things needs to be done
before you do make out investment decisions.Yes its true that people would really be finding out other altcoins which they do know that making big profits is possible compared
into those top coins in the market which is expensive and potential multipliers are just too small and this is where people do make out some considerations on other options.

BIT-BENDER

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Okay I will regard you as a beginner. And is would want you to make your choice first what do you want from alt-coin? Do you want to trade it or do you want to hold it. This are probably the top two ways of earning from Alt-coin. And you heard that Alt-coin has helped people make profits right that's true and it's also true that same Alt-coin has caused many to lose too.

I don't need to own Alts to know that the risk involved is much considering that they amount of them are too much, you would get advices that diversification is key but still there are possibilities of buy several alts and incurring loses from all of them I would give you few advice.

#Make up your mind on either trading or investing (or the both) and if it's investing then decide if you would do it short term or long term.
# know the difference between hype/News and reality. That's why you have to do your research.

# this is optional but I rather go for achievements that's Alts that has already proven itself to an extent rather than go for a new one because it's cheaper.

BitDane

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There are indeed lots of early investors that benefited from altcoin. If you look at the history of the top 10 altcoins today, some of them started at below $1. For example the Ethereum, imagine if you are the one who bought it at $0.432979 way back Oct 20, 2015, you could be filthy rich right now. But of course, there are also lots of altcoin that end as scam, running the money of investors away.

Victorik

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A lot of persons have made it very big investing in altcoins. But this comes with a lot of risk attached, because investing in altcoins is a very risky venture that must be approached with caution.
For a start, do not invest what you can't afford to lose.

cloudfir3e

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Quote from: Sunrise360 on August 31, 2022, 09:09:48 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 thaltcoins are a crypto alternative to bitcoin and have very profitable potential because altcoins consist of many cryptocurrencies.
altcoins themselves there are some coins that really follow the price of bitcoin and vice versa decrease when bitcoin goes up or even experience an increase in price when bitcoin decreases, making altcoins really profitable for investors and traders.
Altcoin price fluctuations also apply in the upward direction. Altcoins tend to experience more drastic price increases than Bitcoin.e potentials of altcoins.

altcoins are a crypto alternative to bitcoin and have very profitable potential because altcoins consist of many cryptocurrencies.
altcoins themselves there are some coins that really follow the price of bitcoin and vice versa decrease when bitcoin goes up or even experience an increase in price when bitcoin decreases, making altcoins really profitable for investors and traders.
Altcoin price fluctuations also apply in the upward direction. Altcoins tend to experience more drastic price increases than Bitcoin.

Bitstar_coin

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Quote from: Sunrise360 on August 31, 2022, 09:09:48 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.

Crypto is high risk, altcoins are even higher risk and yes there is profit to be made in altcoins when you buy or trade the right project. As a beginner, I won't advise you to engage in trading because it requires lots of knowledge, experience, and patience. in your own case, I would recommend buying some of the trusted alts in the market if you really want to invest in alts or just buy btc to be on the safer side.

However, you can keep watching the alts market, pick some good alts on any of the tracking apps like coingecko on your watch list and watch their price movement, doing this can help you understand the market better and make your decision. Just take time to observe.

ItsCrafty

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First thing is that if you are new then you should decide to put précised amount of cash and remember that during starting of investment do not put such a big cash because condition is now in dump so it is difficult to get revenue until you wait for the accurate time. Without researching you can not get cash back because lack of education make a person looser he even do not know how to enter in this locality. Yeah altcoins are the best way to make such a good income but before investment you should get deeper lessons about it.

jossiel

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Quote from: Sunrise360 on August 31, 2022, 09:09:48 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.

Yes, there's the potential.

But not all of them will give you that potential so be careful in choosing them. It's because too many altcoins will just give you the hype feeling but eventually, that's going to be gone and you'll never like it.

Bitcoin, altcoins, or any projects, you need to pick the best that you can base on what you know about them. You DYOR before investing your money but if you're trading, you just can look for it on exchanges, see the volume and have them spot on.

zeuner

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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.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Sunrise360 on August 31, 2022, 09:09:48 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.

You will always find people making money from different things. Some are making money from HYIPs and Ponzis. Does that mean you should go for them? This is your call.

Altcoins are not doubt profitable, but for the newbies going in to altcoins first would mean a bigger risk compared to bitcoin. Those altcoins which are old and are in the top10 list of CMC and CG, they can be tried but even then the possible profit with bitcoin is much higher if bought at a low price.

Quote

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

Professional traders dont come to forums. Roll Eyes

Most of us are amateurs here but have been trading for a few years to know what is good for us.

samuraijin

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Quote from: Sunrise360 on August 31, 2022, 09:09:48 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 we talk about the past few years, maybe many investors have benefited from their investments, even many people who became millionaires at that time, because the projects in 2016/2017 were of good quality and long term, compared to this year, current projects. running aimlessly, even stopping in the middle of the road and the number of fraudulent projects, making all investors reluctant to invest their funds in the current project...

bitcampaign

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investors usually invest long term and it is definitely profitable differently if you are a trader, you can buy bitcoin or even altcoins from now on because when the market is bullish you will be left behind, sometimes people come to buy when the market is bull and never come when the market is bear , so it's time to take some for long term investment at least 1 to 2 years in the future it will benefit you, not guarantee for short term investment, but do some more research which altcoins are good for you, go and have a look at Matic and BNB

FirmWars

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You are scared of putting your money to test because you aren't doing the right thing like knowing the difference between a good project and a bad project, secondly you aren't ready to lose that money, the law of crypto investment is risking only what you can afford to lose.

Ansu5801

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I don't know what you assume of altcoins, if you assume,these are the coin other than btc, if yes? Than there remains no doubt that alts makes a lot of money for short and long term investments, you can check the potential of alts on CMC or coin gecko, by comparing the trading volume of BTC with top 50 alts coin. And than you will understand the power of alts and how much people invest in it to earn passive income

Javi_Anibarro

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tBTC - https://dapp.tbtc.network/

Yes, they do, but as a beginner, you should deal with this too much because it will exhaust you mentally.
just stick to Bitcoin at the beginning and experience the market by yourself. After finding you are ready, then you can start moving your vision to altcoin.
jumping in directly to altcoin is dangerous especially for you as a beginner, altcoin is full of wonders.

Sunrise360

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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.

Topic: Does altcoins actually have the potentials of generating benefits to investors? - page 9. (Read 1549 times)