From my conclusion I don't think we should still put trust in altcoin because we have seen severally failing us over time and there's no reason an investor should rely upon altcoin.
Altcoin story can never end, from one story to another every season, the majors propeller are exchanges which Centralized exchange. Anyone who can carefully avoid these things can as well have confident in cryptocurrency only but in bitcoin investment.
From my observation here in this forum I noticed most people are going for short term investment with altcoin while putting long term for bitcoin investment. So the trust rate for altcoin investment is 50/50 because you never can tell what may happen time soon.
Topic: How Confident Are you With Altcoin In This Time - page 11. (Read 1828 times)
Short-term basis only. Look for an expiry date.
Once you see profits coming in, take it. If you want long-term, go with Bitcoin, Ethereum, and BNB. Those three you should keep for a long time for their value will just keep on rising.
IMO, I have low confidence with the new altcoins being created in this era. Most of them are either scam attempts or just made to make profits and then rug pull.
Out of my 10 invested altcoins, 4 of them are now gone, either rug pull or declared bankruptcy, 2 ended as scams and 3 are still active and being kept but there's not much movement yet. Only 1 made me a little profit. I don't know if I made the wrong choices but I did my research. It sucks when this thing happens because investors are being scared away.
I think the same as you, anyone that is thinking about investing in a coin for the long term should go for some of the best coins that we have in the market and that have been around for a very long time, and for those which are thinking about investing in a coin that has been created during the previous year, they should always have on the back of their minds the possibility that they made a mistake and that the coin could collapse with no warning at all, and they need to have a stop loss ready so they can minimize their losses in the case such a crash happens while they are holding those coins. Once you see profits coming in, take it. If you want long-term, go with Bitcoin, Ethereum, and BNB. Those three you should keep for a long time for their value will just keep on rising.
IMO, I have low confidence with the new altcoins being created in this era. Most of them are either scam attempts or just made to make profits and then rug pull.
Out of my 10 invested altcoins, 4 of them are now gone, either rug pull or declared bankruptcy, 2 ended as scams and 3 are still active and being kept but there's not much movement yet. Only 1 made me a little profit. I don't know if I made the wrong choices but I did my research. It sucks when this thing happens because investors are being scared away.
Short-term basis only. Look for an expiry date.
Once you see profits coming in, take it. If you want long-term, go with Bitcoin, Ethereum, and BNB. Those three you should keep for a long time for their value will just keep on rising.
IMO, I have low confidence with the new altcoins being created in this era. Most of them are either scam attempts or just made to make profits and then rug pull.
Out of my 10 invested altcoins, 4 of them are now gone, either rug pull or declared bankruptcy, 2 ended as scams and 3 are still active and being kept but there's not much movement yet. Only 1 made me a little profit. I don't know if I made the wrong choices but I did my research. It sucks when this thing happens because investors are being scared away.
Once you see profits coming in, take it. If you want long-term, go with Bitcoin, Ethereum, and BNB. Those three you should keep for a long time for their value will just keep on rising.
IMO, I have low confidence with the new altcoins being created in this era. Most of them are either scam attempts or just made to make profits and then rug pull.
Out of my 10 invested altcoins, 4 of them are now gone, either rug pull or declared bankruptcy, 2 ended as scams and 3 are still active and being kept but there's not much movement yet. Only 1 made me a little profit. I don't know if I made the wrong choices but I did my research. It sucks when this thing happens because investors are being scared away.
That is why, the altcoin is not good for long-term investment plans but we can use them to speculate the market on a short-term base.
It depends on the situation, From the altcoin on the top market stand I think altcoins like ETH and LTC have exceptions for that because have passed several moments and are able to maintain in crisis situations. ETH and LTC is the altcoin that has passed ATH (2017) and created a new ATH in 2021 same as Bitcoin. So for next, which altcoin we have to wait and look? we still wait and look altcoin like BNB, maybe that coin can create a new moment like ETH and LTC.
Do we have any confidence level in altcoin?
I dont think so and to me, the altcoin is nothing but a gamble and should be treated as such, and one shouldn't have a long-term perspective on altcoin and the highest you can do with altcoin is to use it for speculations, I have not paid any close attention to altcoin market lately because I have an indept know about their potential and risk associated with altcoins.
For a long while, I haven't seen any altcoin that has shown any consistency in it growth just as we ve seen with bitcoin, and because pf the centralized characteristic, the altcoin has become so uncertain because many of them end up pulling an exit on the investors or having their liquidity remove by it, providers.
I dont think so and to me, the altcoin is nothing but a gamble and should be treated as such, and one shouldn't have a long-term perspective on altcoin and the highest you can do with altcoin is to use it for speculations, I have not paid any close attention to altcoin market lately because I have an indept know about their potential and risk associated with altcoins.
For a long while, I haven't seen any altcoin that has shown any consistency in it growth just as we ve seen with bitcoin, and because pf the centralized characteristic, the altcoin has become so uncertain because many of them end up pulling an exit on the investors or having their liquidity remove by it, providers.
Quite a lot have happened in the crypto investment market with the long run of a bear market in 2022, as a result of the various market crisis ranging from ftx bankruptcy and Luna crash that affect the market for a long time, before the present recovery, many crypto analysts such as myself are confused as for what the level of confidence of investors towards altcoins in this period. Do you consider any altcoin to be pf future profiting, if yes then what is the percentage calculation of your confidence level in that coin and why should we hold them for a long-term basis?
Well i think it is pretty hard to give a general statement of the confidence in altcoins as a whole because nowadays we have literally thousands and thousands of altcoins out there and there are huge differences between them. Quite a big percentage of the altcoins out there are just useless meme-coins that are only launched to earn quick and easy money and that are dead again within a few days, so obviously my confidence in such projects is very low and i would never touch then.
There are also several altcoin projects out there already that are already multi billion dollar companies like Ethereum, Binance and KuCoin for example. So my confidence in such projects is pretty high. I mean you can never know for sure after what happened to Luna but those projects should be as safe as it gets within the crypto space.
During the last bear market, we were uncertain if Altcoins would increase in value, but during the previous bull market, we saw Meme coin holders make significant profits, and some altcoins also performed well. Looking at history, bear markets often disappoint us and make us question whether the market will recover or not. However, every time the market has bounced back better than the previous time, so we should stay positive and optimistic this time too.
There problem with mist meme coins is that, we can't ascertain as of which will make it to the recovery stage, because 80% of the meme coins that shaded off a large percentage of their liquidity during the last bear market, never make it out with their recovery and up till now the investors are left with zero hope of making anything at all.There is no doubt that some of the meme coins have a good use case that enables them to recover on time, but those that were just created for hype are dead and gone and investors should just accept their losses.
That is why, the altcoin is not good for long-term investment plans but we can use them to speculate the market on a short-term base.
During the last bear market, we were uncertain if Altcoins would increase in value, but during the previous bull market, we saw Meme coin holders make significant profits, and some altcoins also performed well. Looking at history, bear markets often disappoint us and make us question whether the market will recover or not. However, every time the market has bounced back better than the previous time, so we should stay positive and optimistic this time too.
I think this year more innovative projects would get in the game. Look at how they are taking advantage of the chatgpt and AI technology. Not long before something big reason up
It doesn't even true. The new projects that are coming to the crypto are just another copy pasting project. ChatGPT was not even related to the crypto. You can't even think if that's was a part of crypto ecosystem. Crypto ecosystem is not having proper ai project. Almost all of projects that have been running in the crypto are just a bunch of scam projects. Im very confident by using altcoin as pump and dump coin to make some bucks. Im not seeing important reason to use altcoin other than it.
I am not sure, I feel like its getting more and more complicated these days, I would like to be more trusting towards altcoins but there are so many that have absolutely no proper functioning system that they all get high based on the hype of the market and the community, so it feels like its a futile deal. I am not entirely sure if I could trust them, I understand that some of the market is based on hype and that's how it moves but aside from that I am not entirely sure if that would be a good idea. It is better to think like this is just a temporary situation and some of them will get proper functions, but I just can't get myself to trust that. Some alts are good, and I like them and I do invest into them, like ETH, because they have proper functions and uses, but if there is no proper usecase, then I do not think that I will invest into them.
I will always confident with investing in altcoin, but only altcoin that is newly released, the thing about the strategy that I see gonna be sustaining is moving over investment from one altcoin to the other once it reached its peak, basically you gonna avoid holding on altcoin too long after it has reached certain increase in term of valuation.
I think this year more innovative projects would get in the game. Look at how they are taking advantage of the chatgpt and AI technology. Not long before something big reason up
Investing in Altcoin now is too risky my confidence is not 100% specially for long term. Instead of investing to altcoin for a long term i would rather divert my investments to bitcoin, ether, bnb. We do not know when the altcoins would recover, all are falling at this time some of my holdings but i do not know until when I can hold on to. I hope that it would still recover this year so that i could take profit before i divert my holdings to other investment.
every trader and investor has their own strategy, indeed there have been many altcoins that have been destroyed in the bearish market in 2022 until now, this is what has caused many new users to be afraid to invest in cryptocurrencies, especially altcoins,
but if we understand how the market works, then we don't be afraid, because the current situation is a good situation to gain profit in the future.
Do you consider any altcoin to be pf future profiting, if yes then what is the percentage calculation of your confidence level in that coin and why should we hold them for a long-term basis?
Some maybe. Like for example bnb, holding it gains you some privilege on joining launchpad and launchpool with a very high chance of gaining profits from good projects. For me, holding is something in a form of investment but some coin aside from holding it giving you perks is much worth it. Like in staking coins, which give you dividend by holding it. Its depend on how you will monetize your asset. 
Investing in Altcoin now is too risky my confidence is not 100% specially for long term. Instead of investing to altcoin for a long term i would rather divert my investments to bitcoin, ether, bnb. We do not know when the altcoins would recover, all are falling at this time some of my holdings but i do not know until when I can hold on to. I hope that it would still recover this year so that i could take profit before i divert my holdings to other investment.
Quite a lot have happened in the crypto investment market with the long run of a bear market in 2022, as a result of the various market crisis ranging from ftx bankruptcy and Luna crash that affect the market for a long time, before the present recovery, many crypto analysts such as myself are confused as for what the level of confidence of investors towards altcoins in this period. Do you consider any altcoin to be pf future profiting, if yes then what is the percentage calculation of your confidence level in that coin and why should we hold them for a long-term basis?
if we talk about trust in altcoins, then it will be very broad, because almost every altcoin has their own level of achievement, and trust. for example, like ethereum, and the new altcoin, the level of trust in the two coins will be very different.Personally, I am still quite optimistic about the future development of popular altcoins such as ethereum and bnb. I am pretty sure that the price will go up, and will most likely be affected by the halving if the halving does have a positive effect on the bitcoin price. however, I think that there is still a big risk in meme coins, or new coins, especially with the same concept as existing coins.
I don't have any suggestions of coins in mind but I believe there will be many coins that'll do well immediately the bull market starts. Alot of investors are waiting on the side to get a green signal that the market is back and usually the influencers are those they rely on for this kind of news and immediately that starts happenings, you'll begin to see money entering the market
Alot of project both good and bad ones will benefit as they usually do during the bull market. I'm confident that altcoins will do well because not everyone would want to buy Bitcoin that they know can't give them much profits but many people investing wants to make money quick so they'll go for altcoins. To profits we have to be among early investors.
I think coins in the top 20 should be given much attention for security purposes and they can also give good returns as if you invest when the market is down, you'll be among the earliest investors and can profit when the whole market rise.
That is a risk to take though, I mean if you take "any" coin you want to wait for the bull, then the result will not be that easy and could end up with a bit of a trouble. But if you end up with nothing at all, or just a regular situation then you will probably end up with a good return without a doubt. I hope that it will get a lot better but I believe that it may not be easy if you just pick randomly.Alot of project both good and bad ones will benefit as they usually do during the bull market. I'm confident that altcoins will do well because not everyone would want to buy Bitcoin that they know can't give them much profits but many people investing wants to make money quick so they'll go for altcoins. To profits we have to be among early investors.
I think coins in the top 20 should be given much attention for security purposes and they can also give good returns as if you invest when the market is down, you'll be among the earliest investors and can profit when the whole market rise.
Buy the top names and you should be getting a lot better though, I have bitcoin, ethereum, bnb, ltc, ada and so forth which means that I feel more comfortable because I invested into things that we are already aware of and enjoy, this means that it will be a lot easier to just focus on what we can do with what we know, and ignore the risks of unknown.
no one doubts alcoins like coin eth and coin bnb even now there are many new alcoins that are worth investing in even though the investment is in the short term, if I see now the alcoin season has started, if there is one project that fails then don't give up quickly look for it other projects because many projects are already good and if you stop then regret will come to you.
Binance will go bankrupt, bnb will go to zero, let's wait and see.
no one doubts alcoins like coin eth and coin bnb even now there are many new alcoins that are worth investing in even though the investment is in the short term, if I see now the alcoin season has started, if there is one project that fails then don't give up quickly look for it other projects because many projects are already good and if you stop then regret will come to you.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Altcoins will always give you future profit and why not? Don't you even aware about how some coins were able giving you a lot of money in a short time. I think that you shall forget the story of FTX and LUNA. These projects died caused by their own mistakes.
There are so many legits altcoins in the market and you can still make a lot of money from there. Bitcoin is not even getting bullish trend.
You can also imagine once bitcoin will be starting to skyrocketing again. It will be so easy to make doubled or even tripled again.
There are so many legits altcoins in the market and you can still make a lot of money from there. Bitcoin is not even getting bullish trend.
You can also imagine once bitcoin will be starting to skyrocketing again. It will be so easy to make doubled or even tripled again.
Jump to: