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Topic: Is Altcoin Safe for Investment (Read 17872 times)

full member
Activity: 658
Merit: 103
September 30, 2021, 05:07:50 AM
There is no such thing as safe investment, all investment have risk whether it is cryptocurrency or other kind of investment. But I prefer altcoins rather than the other things the reason is that it's not yet fully accepted by others but of course soon they will see the true value of the cryptocurrency and it is better to invest now while the prices in the market is not that high and wait for the community to fully accept it.

It may not be an easy task but I really think it is worth it.
Agreed. All of them have risks so its up to us whether to take risk or not. I believe it could be lessen by thorough inspection through the documents given by the project. One must do his research before entering any investment but it is proven though that projects that has real life utility have less risk than those meme coins who rely on hypes. Projects like GOMT offers this kind of utility.
full member
Activity: 966
Merit: 102
September 30, 2021, 01:34:40 AM
There is no such thing as safe investment, all investment have risk whether it is cryptocurrency or other kind of investment. But I prefer altcoins rather than the other things the reason is that it's not yet fully accepted by others but of course soon they will see the true value of the cryptocurrency and it is better to invest now while the prices in the market is not that high and wait for the community to fully accept it.

It may not be an easy task but I really think it is worth it.
full member
Activity: 1092
Merit: 106
September 29, 2021, 02:20:03 PM

safe altcoins? what's that? In fact, when talking about investing in altcoins, I think the risk is greater than bitcoin and the word safe doesn't fit here.
because when we talk about coins, of course, we return to what is called market capitalization, bitcoin is indeed risky because its nature, as you describe, is volatile and the capitalization is large for bitcoin so it is unpredictable and cannot be controlled.
but altcoins are different, altcoins in general have a smaller market capitalization so there is still a lot that can be manipulated because the price is cheaper and there are many things circulating and the most phenomenal now, yes doge.
and actually the risk is higher and not very safe because there is no safe word when you are here
In the first place, both bitcoin and altcoins involve risk; there's no need to overthink it because investment is a risk. Of course, thorough research on an altcoin before buying in it will alleviate your concerns about it. Altcoins have a lesser market cap than bitcoin, but if we take a chance and invest in it early, we can make a lot of money. If we wait for the project to grow, it will undoubtedly pump, as is the nature of the crypto market.
things like this are the basic knowledge that every investor must have because when talking about investing in crypto or not, there is always a risk in it and we can't miss it when we are in it.
but indeed sometimes people misperceive and think investing in cryptocurrencies is a very profitable thing no matter what.
to be profitable, of course, it is very profitable here, but this is the final result achieved and before that we must know that there is a need for a process to achieve this and must be brave in taking the existing risks.
As for investing early or not, I don't think it's a problem as long as the project will be good in the long term, for example, bitcoin.
there is no delay in taking a position, but indeed we have to choose a project that is really good at it.
full member
Activity: 658
Merit: 189
September 29, 2021, 02:08:21 PM
In now days too much Altcoin Project are Launching one by one and all of them claim that invest in his project because we will be successful in upcoming days but in the end they run away and make a scam. They don't woory about people fund and stole them.
So how we can trust on altcoin to give us profit after investment. Because most of them become Scam and Scam. All of them has one Aim how to stole too much fund .
So how we make altcoin investment safe ?
If you want to get safe investment in altcoins and what should you do to go to major altcoins. I believe this will give you a safe place to use as an investment. Not a recommended thing to bet on new altcoins. If you have bought some big investments when the correction occurred and I think you have earned decent money from there. You need to diversify your portfolio to altcoins with a ratio, that way you can earn big profits but be careful in choosing altcoins, the decline is not good when the market is experiencing a correction.
member
Activity: 262
Merit: 12
September 29, 2021, 01:35:44 PM
In now days too much Altcoin Project are Launching one by one and all of them claim that invest in his project because we will be successful in upcoming days but in the end they run away and make a scam. They don't woory about people fund and stole them.
So how we can trust on altcoin to give us profit after investment. Because most of them become Scam and Scam. All of them has one Aim how to stole too much fund .
So how we make altcoin investment safe ?
Just learn how to invest properly, meaning you know when is the right time to enter or exit the market, then you can control your emotions my friend, I'm sure if you can do that, your portfolio will grow, it all depends on how you behave with investments you and this ranges from your strategy, to your position on each token you invest; as well as a report of the credibility you have on the token. This small detail determines how safe an altcoin is for investment and applies to bitcoin as well.
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
September 29, 2021, 12:16:02 PM
Altcoins are nice to invest in but the probability of profit and risk is huge.  Only when determining whether you can accept a loss or lose the value of that investment.  Currently, I participate in IDOs and love the Game ecosystems of NFT, Metaveser…, NFT is still a wind that is being favored by its superior characteristics, I think in the future NFT will be very practical into all categories and requirements.
sr. member
Activity: 1008
Merit: 250
SmartFi - EARN, LEND & TRADE
September 29, 2021, 11:53:39 AM
This idea is not correct after all ALTCOIN SCAM. There are many good projects coming into the market. Whose future thinking is very good. Most of the projects that are currently coming in the market are doing very well. However, it is true that some projects are doing SCAM. If you invest in a project, you must know and understand this project well. Then there will be no more problems.
especially for projects that have just entered the market. Of course, knowing the team and all about the project is important.
when we do not know well how the project will develop in the market, then in fact we will consciously waste our money.
you are right there are many potential projects even though they are only recently. at least they got some strong hype in their early trading.
newbie
Activity: 322
Merit: 0
September 29, 2021, 11:50:43 AM
I like the idea of investing in alt coins
I bought SDAO and I think it's a really nice decision
I always dig deeper into the project to understand If it has any potential, only then I invest
So you better think of a great project and only then look at the price
Marketing and the product matters to me more
member
Activity: 112
Merit: 10
September 29, 2021, 11:09:59 AM
Investment in altcoins project is worthy if you find a good project.  But the main challenge is to find that worthy project. But before investing, you must do research on that project. Because the money is yours and the risk is also yours.
like looking for coins that will become corpses, if we find the wrong coins for investment, we were not aware of it like the heyday of new meme coins that eventually become corpses and trash in the wallet.
sr. member
Activity: 1582
Merit: 264
Next Generation Web3 Casino
September 29, 2021, 10:58:40 AM
Investment in altcoins project is worthy if you find a good project.  But the main challenge is to find that worthy project. But before investing, you must do research on that project. Because the money is yours and the risk is also yours.
full member
Activity: 308
Merit: 100
September 29, 2021, 09:45:03 AM
Not every project is worth the investment. It is necessary to assess the potential of the technology and the specific use case. Those are basic and essential issues. If you do not satisfy the above two basic problems, you should not invest in them.
It is also important to assess the market capitalization of each altcoin relative to their value. I like the trading philosophy that goes like this: "It's not the good stuff that's a good price to buy, and the bad stuff that's bad to buy." It is important that the price is good.
member
Activity: 574
Merit: 10
Gistcoin
September 29, 2021, 09:16:02 AM
Because there are so many altcoins that you can use as references, you can do your own research about which type of altcoin to buy and what the prospects are. In this case, you should understand some of the factors that form the basis of altcoin performance. Starting from the technology that is carried, who is the altcoin provider, and also how much is the daily trading volume.
The results of the Initial Coin Offering (ICO) of a coin can be used as a reference to see how the chances of the coin moving forward. When the demand is high and it stands out in the market, you can make it an option for trading.
member
Activity: 352
Merit: 18
Pepemo.vip
September 29, 2021, 09:07:45 AM
It is true that there is a high risk of investing in Altcoin projects and the success of these projects is rare, as most of the projects turn into scams. But you have to take the risk. You cannot succeed without risk. The more risk you take, the more likely you are to win.
sr. member
Activity: 1358
Merit: 253
September 29, 2021, 05:55:13 AM
For myself Alt only as a distraction to invest but not long term. I still believe in bitcoin as a long term investment. However, it is possible that there are some very good altcoins. Therefore it is necessary to analyze before investing.

Bitcoin is suitable for the long term but the increase in profit will not be like altcoins, with expensive prices it takes a long time to achieve 100% profit, but with altcoins, 100% profit can be easily achieved, especially low-priced altcoins under $ 1 of course easy to get big profits and in a short time.
jr. member
Activity: 238
Merit: 2
September 29, 2021, 02:35:41 AM
Its all depends on what altcoins you are going to invest, the best way to invest in a new altcoin is make a deep study analyzing and research behind this project specially the people who creating and developing the project. If you are afraid to scam you should put your money to the altcoin who are already running and have established project which you can sure your investment will not going to be scam.
jr. member
Activity: 95
Merit: 2
September 28, 2021, 11:18:43 AM
For me Altcoins are my favorite since finding new gems is super fun. I hold most of my money in BTC and ETH but I play around with alts with the other 50% of my portfolio. There will be many alts that fail and many that succeed with that being said if they have a solid team, are back by big investors and have a product that is actually useful in the space and will work when mass adoption happens then the chances that it fails go down tremendously. I’ve personally found NEAR and it’s my favorite Alt right now. It hit ATH this bull run and I’m optimistic that it’ll keep growing. Another benefit about NEAR is how amazing and open the community are. When I first joined the telegram they answered all of my questions and just made me feel at home. I also like SOL but am less bullish after the system failure, I still hold some and hopefully they will be able to fully bounce back.
sr. member
Activity: 1246
Merit: 254
Trphy.io
September 28, 2021, 10:04:46 AM
For myself Alt only as a distraction to invest but not long term. I still believe in bitcoin as a long term investment. However, it is possible that there are some very good altcoins. Therefore it is necessary to analyze before investing.
full member
Activity: 854
Merit: 101
September 28, 2021, 09:51:46 AM
In now days too much Altcoin Project are Launching one by one and all of them claim that invest in his project because we will be successful in upcoming days but in the end they run away and make a scam. They don't woory about people fund and stole them.
So how we can trust on altcoin to give us profit after investment. Because most of them become Scam and Scam. All of them has one Aim how to stole too much fund .
So how we make altcoin investment safe ?

If you are referring to any kind of ico, ido or whatever to put your investment. I think in my own perception it hard to determine in which of the new projects is good investment. But I am not saying that all of them are not safe, but there maybe few of them I guess. Moreover, as of now better not to buy in any of the new campaign project instead, if you can't stop to invest or buy much better to buy altcoins in any of the reputable exchange that are on top in the market.
member
Activity: 411
Merit: 10
September 28, 2021, 09:33:44 AM
In now days too much Altcoin Project are Launching one by one and all of them claim that invest in his project because we will be successful in upcoming days but in the end they run away and make a scam. They don't woory about people fund and stole them.
So how we can trust on altcoin to give us profit after investment. Because most of them become Scam and Scam. All of them has one Aim how to stole too much fund .
So how we make altcoin investment safe ?
It depends on your personal definition of safe, but I believe that all investments are not safe but risk worth taking. It all depends on how you behave with your investments and this ranges from your strategy, to your position on each token you invest, as well as reports on the credibility you have on the tokens. This small detail determines how safe an altcoin is for investment and applies to bitcoin as well.
jr. member
Activity: 123
Merit: 3
SmartFi - EARN, LEND & TRADE
September 28, 2021, 07:38:48 AM
If you are going to be investing in altcoins just pick the tokens in the Top20 that has been around for some while now because There are so many scam altcoins projects out there and if you are not careful you would keep falling for them… most altcoins are for pump and dump so be careful of buying at higher prices
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