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Topic: How Confident Are you With Altcoin In This Time - page 3. (Read 1901 times)

hero member
Activity: 1022
Merit: 667
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Choosing a top altcoin is the best choice we can make, where they have popularity and also a market capitalization that can show that they are very strong and able to compete with other altcoins, but you need to pay more attention to the project so as not to choose the wrong altcoin, even for projects that are in the top 10, we know Luna is also a very good coin and was once in the top 10 but they got destroyed in just a matter of hours.


That is the best procedure to follow when choosing altcoins because investment in that space comes with a lot of risk and if care is not taken,  you can either lose some or all your investment along the way,  since doing otherwise will only lead to kios that may result in some many unpleasant outcomes.

Because most of the altcoin projects are mostly scams this day that that make it hard for investors to be able to choose the right coin to buy into when they are still at their pre-sale stage which is the most risky stage to invest in any project.
hero member
Activity: 1400
Merit: 674
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?

The market looks better now. I'm always prepared for any outcome when investing, so my confidence remains high. If the market dips, I'll DCA and make more when prices rise. It's best to stick with top altcoins that have proven themselves over time. When the bull run arrives, not all altcoins will perform well. Choosing coins with strong backing and use cases will benefit your portfolio in the long run.

Choosing a top altcoin is the best choice we can make, where they have popularity and also a market capitalization that can show that they are very strong and able to compete with other altcoins, but you need to pay more attention to the project so as not to choose the wrong altcoin, even for projects that are in the top 10, we know Luna is also a very good coin and was once in the top 10 but they got destroyed in just a matter of hours.

Even if it's a top 10 altcoin you have to look at the project, don't just buy and don't just because you hear other people talking about altcoins that are potential to buy, you have to see for yourself the projects they are working on along with the ecosystem and also keep an eye on the development of the project, it will help you to be more confident in investing your money.
legendary
Activity: 1764
Merit: 1002
each cycle you get less confident not just alt but in whole crypto industry, total marketcap already reach 3T in the last cycle. pushing more on that
would need other source of meta, which is pretty much limited these day, morethan 30% people already knew crypto.
full member
Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
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?

The market looks better now. I'm always prepared for any outcome when investing, so my confidence remains high. If the market dips, I'll DCA and make more when prices rise. It's best to stick with top altcoins that have proven themselves over time. When the bull run arrives, not all altcoins will perform well. Choosing coins with strong backing and use cases will benefit your portfolio in the long run.
hero member
Activity: 1022
Merit: 667
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I think there is a show stopper for investors in the confidence when it comes to hacking of exchanges. From my point of view, the safe way will be to invest in main currencies like Bitcoin and or ETH  or the one who are having their own blockchain. Then keep them safe in the hardware wallet and not in the exchange until there is any need of trading. The advantage of investing in father coins is that it can be kept in hardware wallet for long term.. As for other coins there is possibility that they may change their blockchain network at any point of time and thus having the value to zero if we don't switch them.
That is correct,  the best position to take is to invest only in solid assets like Bitcoin and if you must look as altcoins direction then you can go for ethereum, since it has been proven times without number that ethereum move in the direction that Bitcoin goes and that become the strongest spot for the market unless you want to gamble,  that is the only time you should look at other more risky coins in the altcoins categories.

We have seen a few coins most especially meme coins coming up lately trying to prove to be the center of the market,  not knowing it is all just a short-term hype and just like every other hype,  it comes and goes so don't take them seriously.
full member
Activity: 1442
Merit: 116
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The bear market continues. I expect another fall in the near future 1-5 weeks. At that moment I will buy coins

then I will also take this opportunity to buy BNB, because I will not miss this opportunity to be able to buy BNB at a cheap price, moreover I believe that a bullrun will happen soon, because the Bitcoin halving will occur in 2024, so this is my opportunity to be able to buy BNB at a cheap price before the price increased was very high after the bullrun occurred.
Everyone is waiting for the halving in 2024 and everyone is convinced that a bull run is bound to happen. There is much less talk about it in the past, so I think that the market makers might surprise us with a fall instead of a rise. But a rise should still happen, just no one knows how long it should take. Maybe by that time Binance will be out of business and BNB will be worth zero.
Indeed, some altcoins are worth investing in, but we don't know what will happen next, so of course using wise financial management can be an option to minimize risk. Just like Binance, undesirable things can happen so that what we dream of doesn't happen, so we end up regretting it. Currently, besides Binance, ETH is also the main choice for altcoins, hopefully after the halving we will hear good news
sr. member
Activity: 980
Merit: 282
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I think there is a show stopper for investors in the confidence when it comes to hacking of exchanges. From my point of view, the safe way will be to invest in main currencies like Bitcoin and or ETH  or the one who are having their own blockchain. Then keep them safe in the hardware wallet and not in the exchange until there is any need of trading. The advantage of investing in father coins is that it can be kept in hardware wallet for long term.. As for other coins there is possibility that they may change their blockchain network at any point of time and thus having the value to zero if we don't switch them.

Altcoins are also cool when it comes to investing but you have to consider some features. For instance, Altcoins with already established chains, with loads of VCs backings, sufficient and safe technicals, fully and truly decentralized and any other fundamentals you might deem fit to add to the list.

The Altcoins I will not consider are the memecoins with no usecase excluding vague hypes which finds the charts veering off normal courses. If these are the only ALts in existance, then I'll prefer to stick to my BTC and ETH options.
jr. member
Activity: 280
Merit: 8
BTC Lover|Crypto Educator| We Grow by Learning!
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?
First of all, before anyone would say they have confidence in a particular coin. You should ask yourself why. Ok back to the question

I have good confidence in several altcoins which are ETH, LTC, BNB, BGB and XRP. If you check the coins I mentioned and their road map you will realise that these coins have a good roadmap and great community backing them up. This means they won't find it so easy to collapse so easily, coupled with the fact they have good utility as well. Unlike some coins out there that after printing profit, it diminishes with no trace
sr. member
Activity: 2282
Merit: 439
Cashback 15%
The bear market continues. I expect another fall in the near future 1-5 weeks. At that moment I will buy coins

then I will also take this opportunity to buy BNB, because I will not miss this opportunity to be able to buy BNB at a cheap price, moreover I believe that a bullrun will happen soon, because the Bitcoin halving will occur in 2024, so this is my opportunity to be able to buy BNB at a cheap price before the price increased was very high after the bullrun occurred.
Everyone is waiting for the halving in 2024 and everyone is convinced that a bull run is bound to happen. There is much less talk about it in the past, so I think that the market makers might surprise us with a fall instead of a rise. But a rise should still happen, just no one knows how long it should take. Maybe by that time Binance will be out of business and BNB will be worth zero.
hero member
Activity: 1862
Merit: 601
The Martian Child
The bear market continues. I expect another fall in the near future 1-5 weeks. At that moment I will buy coins

then I will also take this opportunity to buy BNB, because I will not miss this opportunity to be able to buy BNB at a cheap price, moreover I believe that a bullrun will happen soon, because the Bitcoin halving will occur in 2024, so this is my opportunity to be able to buy BNB at a cheap price before the price increased was very high after the bullrun occurred.

Meanwhile, I stopped accumulating BNB since the issue with FTX and its downfall. There are a lot of ongoing issues with Binance as well but I am optimistic that they can weather the storm. So it is indeed cheap at $212. But I want to make a safe bet since there are also other coins that are cheap right now. I am banking more on Ethereum, Doge, and of course, bitcoin which is 60% to 70% of my current portfolio.

Times running fast, we are already in the last quarter of the year. Soon it will be 2024 and the bitcoin halving is within grasp. I am really hoping that a big bull run happens just like the previous years.
full member
Activity: 826
Merit: 104
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The bear market continues. I expect another fall in the near future 1-5 weeks. At that moment I will buy coins

then I will also take this opportunity to buy BNB, because I will not miss this opportunity to be able to buy BNB at a cheap price, moreover I believe that a bullrun will happen soon, because the Bitcoin halving will occur in 2024, so this is my opportunity to be able to buy BNB at a cheap price before the price increased was very high after the bullrun occurred.
newbie
Activity: 2
Merit: 0
Confidence in altcoins is a topic that can vary significantly from person to person, and it's influenced by various factors, including market events, individual research, and risk tolerance. In the wake of recent market turmoil, it's crucial to do thorough research before investing in any altcoin. Factors to consider include the project's fundamentals, technology, team, and its potential for solving real-world problems. Diversifying your portfolio is often a good approach, as it spreads risk. As for specific percentages, they would depend on your research and personal conviction. Long-term holding can be profitable if you believe in the project's future and are willing to weather market volatility. Always stay informed and adapt your strategy as the crypto landscape evolves.
member
Activity: 485
Merit: 10
I have confident about bitcoin and altcoins also both are my fervour and when confident only altcoin than first priority is my favorite ETH and when anybody asking next one than BNB and others good coins also i have confident and i hope next bull run can make huge profit altcoins.
newbie
Activity: 164
Merit: 0
Alts season is about to start, but past the top tokens, I'd advise paying attention to TFS. Try participating in a Fairspin tournament, play their games or bet on TFS, it's a great chance to win some extra money
hero member
Activity: 1470
Merit: 555
dont be greedy
[...] So, a bullish run from Bitcoin should pave the way for the altcoins to join the party.
In my opinion, the bullish trends in Bitcoin and Altcoins often appear to be in opposition to each other because Alt seasons typically alternate with BTC seasons. Indeed, most people are currently prioritizing their focus on BTC due to the upcoming halving, and the market's bullish projections for BTC are expected to materialize within the next two years. Preparedness is key, right?

My personal strategy is to stay attuned to both BTC and ALTCOIN bullish moments, and my estimation is that the ALT season will coincide with the attainment of the next BTC ATH. This means that I will convert some BTC into Altcoins when the BTC is bullish and then wait for the bullish wave in Altcoins to achieve double profits.

Of course, everything could change depending on market movements showing signs of bullish trends, and we should be ready to maximize those opportunities to stay ahead.
hero member
Activity: 2856
Merit: 674
I'm feeling pretty confident, just like back in the last bull run. Right now, I'm not even thinking about what's gonna happen with altcoins. My focus is squarely on Bitcoin, especially with the halving coming up. I'm hoping it'll kickstart a bullish trend. This is a cycle we've all seen before; Bitcoin, the big shot in the market, often leads the charge. People call it the king for a reason, right? So, a bullish run from Bitcoin should pave the way for the altcoins to join the party.

I'm definitely on the lookout for altcoins that have good value right now and those with potential. If we look at the market today, it's safe to say that maybe less than 10% are legit altcoins, while the rest are just trash, or what folks like to call "shitcoins." So, it's all about how much trust you put in the altcoin market. But always stay grounded and keep an eye on the altcoins you're holding. You never know when one of them might have taken a nosedive because the devs decided to pull an exit scam.
legendary
Activity: 1890
Merit: 1537
Well, we can't be 100% sure that altcoins will have a good price in the future. however, for popular altcoins, I'm pretty sure, moreover popular coins like ETH, BNB, MATIC, DOT, ADA, and others have huge upside potential when a bull run occurs. However, I'm not so sure about altcoins - altcoins are stunted, and right now, a lot of altcoins have slow growth. I just hope that the altcoins that you guys believe will have a good future will actually have a high price in the future.
In reality, we cannot be sure about the exact future price of altcoins. However, there are indicators, events, and updates from their teams, and details of the currency, such as its market value, historical prices, and other things that may show us whether the token may grow in price in the future and whether it will be suitable for the long term investment or otherwise.

You mentioned the top altcoins, the most well-known among others, each with innovative features, significant use cases, continuous developments, and professional teams. Therefore, with the improvement of market conditions and Bitcoin reaching a new all-time high following the halving event, I expect that these altcoins with high potential will be affected by the movement of Bitcoin and follow an upward path. Therefore, I prefer old altcoin projects over new ones because they have had a strong presence in the market for years, have achievements and Continuous goals, and have gained the trust of investors and traders.
copper member
Activity: 1190
Merit: 3
I think there is a show stopper for investors in the confidence when it comes to hacking of exchanges. From my point of view, the safe way will be to invest in main currencies like Bitcoin and or ETH  or the one who are having their own blockchain. Then keep them safe in the hardware wallet and not in the exchange until there is any need of trading. The advantage of investing in father coins is that it can be kept in hardware wallet for long term.. As for other coins there is possibility that they may change their blockchain network at any point of time and thus having the value to zero if we don't switch them.
newbie
Activity: 210
Merit: 0
A lot of altcoins will fall to 0 in the coming year. Therefore, you need to monitor the development of the coin
full member
Activity: 882
Merit: 100
It is very difficult to consider altcoins as profitable in the future.  Although there are most of the altcoins that I feel are mandatory to buy and hold in the fund, it is quite difficult to select those altcoins, but I think there is a good opportunity with altcoins as well as the risk involved.  Higher return on investment in altcoins than Bitcoin. But there are some altcoins that are very reliable and I can say without a doubt that there is no altcoin on top of these coins, like ETH and BNB.  If one is thinking of investing in altcoin then one can invest in these two coins.
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