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Topic: Is Altcoin Safe for Investment - page 18. (Read 17872 times)

member
Activity: 476
Merit: 10
June 06, 2021, 11:53:47 PM
I think you mean new tokens that copy other project, like copy of DOGE or Safemoon. They only created new tokens based on trend and hype on the market. These project does not have any working product and use case, and the team usually only pump their token itself then dump it.  While invest in coins with use case and strong team is more safe and promising high profit, if we start invest in during bull market.
jr. member
Activity: 56
Merit: 2
June 06, 2021, 06:30:37 PM
It depends on the type of alt  you are buying. If you buy altcoin that is not known and has small community without clear roadmap for development,  then such altcoin  may be high risk!  If you buy alt with proven track record and hold,  you may have position yourself for good profit in future!
Fully agree. Look market cap, community.
I built my portfolio like this, but I did not have time to add to my portfolio DOT at discount because it was not on the EXMO Exchange, but already it is there and supplements my portfolio. Took 50% ADA, EXM, ETH and added DOT
full member
Activity: 658
Merit: 100
June 05, 2021, 03:58:27 PM
It depends on the type of alt  you are buying. If you buy altcoin that is not known and has small community without clear roadmap for development,  then such altcoin  may be high risk!  If you buy alt with proven track record and hold,  you may have position yourself for good profit in future!
hero member
Activity: 2968
Merit: 687
June 05, 2021, 03:57:04 PM
Not all altcoins are profitable to invest, all promise mountains of gold, but not every company sticks to its plan, and you need to be mindful of scammers. Study, analyze, trust only yourself and do not listen to anyone ... All profit
Yes, and when you say so, then you also know what Altcoin to choose because Altcoins that are already popular in the crypto space will always have good demand and their potential will not be easily lost.
Yes, there are lots which does have potential and most of them are on the top ranks but some people do really seek off with those low caps for the hope on earning big profits when it would be pumped and this is why lots would really be having consideration on looking for those shit ones and believing that it would pump someday.

Altcoin investment is never been a safe one and same goes with Bitcoin. Nothing is assured when it come to this or any investment that we are involved on.

If we are looking for profits then we do need up to risk for putting up some capital or investment.Dont anticipate nor expect that profits are guaranteed because there would be lots of factors would be affected in related to this.
member
Activity: 658
Merit: 20
June 05, 2021, 03:53:20 PM
to make altcoins investment safe, you can look at the volume and see the team's performance in developing the project, but you also have to understand if no investment is safe, especially in crypto because everything can change at any time.
member
Activity: 924
Merit: 11
June 05, 2021, 02:42:32 PM
Not all altcoins are profitable to invest, all promise mountains of gold, but not every company sticks to its plan, and you need to be mindful of scammers. Study, analyze, trust only yourself and do not listen to anyone ... All profit
full member
Activity: 910
Merit: 101
June 05, 2021, 02:30:02 PM
I don't think it's safe to invest with altcoins, because it has a very high risk, but if you choose an altcoin that has a good reputation like ETH and BNB then your investment will most likely be safe, because these two altcoins have a very good potential so  become the most popular altcoin in the cryptocurrancy,
You should say that not all altcoins are safe to invest in and there are only a few that are safe to invest like the two altcoins you mentioned so that beginners are not confused in understanding them.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
June 05, 2021, 02:18:33 PM
Well, as long as this industry is concerned, scams will always exist, but the good news is that we can always protect ourselves from being a victim, and one of the ways we can do this is to always be conscious of we are investing our money in through proper research and strict examination both on the team and the project itself, alot of people are so hungry for gains that they end up loosing the little they have through too much greed, never invest in a project if what they plan to offer is too good to be true, and again, stay away from projects that don't like the word "scam" in their community group chats, avoid a project if you notice any red flag without a clear explanation from the team.
From this little tips, we can reduce our risk of falling a victim to scams in this space.
hero member
Activity: 1414
Merit: 670
June 05, 2021, 01:21:45 PM
Yeh it's absolutely right that investment in altcoin is safer and safer but you must invest in top 10 CoinmarketCap Altcoins Project. It will be safer for everyone as compare to to invest in new altcoin project.
But now in this bear market you should buy too much coin in dump and hold it till bull run
jr. member
Activity: 168
Merit: 1
June 05, 2021, 12:58:38 PM
Man I think it's the best time to buy now
I go for CRPT (Crypterium)
Their wallet is dope, the pump is just a matter of time
https://coinmarketcap.com/currencies/crpt/
full member
Activity: 1330
Merit: 100
C O M B O
June 05, 2021, 11:32:57 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 ?

there is no way to make investing in altcoin or cryptocurrency safe, because investing in cryptocurrency has a big risk, but it is commensurate with the profit you will get from investing in cryptocurrency, so if you really want to invest in cryptocurrency, then you have to be prepared to lose your money, so if you are not ready to lose your money, then of course you better not investing in cryptocurrency.
In investing cryptocurrency we must be mentally prepared because the risk is big,
so never be careless in investing in cryptocurrencies and we must have a strategy,
besides that before investing make sure we understand everything related to cryptocurrencies
sr. member
Activity: 573
Merit: 250
June 05, 2021, 10:43:13 AM
We are never safe in this world. Your money is also part of the money which we were created for our service. Here, for our help, top exchanges are offering IEO, one of the best options for our safe investment. As mine and others experience, sometimes I focus on good partnership. The last focus is service on going, how far they go before starting ICO.
full member
Activity: 517
Merit: 100
June 04, 2021, 10:39:03 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 ?

I rarely join projects outside of the exchange (projects that are not IEO), unless the project is managed by a trusted manager. Because I can't do 100% research for a project. But at least the manager did some research before carrying out their campaign. I think a trusted manager will not promote a scam project.
hero member
Activity: 2856
Merit: 667
June 04, 2021, 06:46:51 AM
Altcoin investment will promising high profit according to right timing to enter the market, the duration between buy and sell, target profit , the season of market and the fundamental of crypto itself. We have seen in 2017, a lot of altcoin bullish and ATH up to 100x and we see it again in this year. Currently only in crypto investment that promising 100x gain, and I never see this huge gain in others instrument of assets.
Definitely x100 increase in altcoins is very possible, we've seen some of altcoins that have that kind of success in this bull run, however, in general, it's too risky as only a few will certainly rise knowing there's a lot of scammers in the crypto space.

The reality speaks, the higher the risk, the higher the reward.
full member
Activity: 574
Merit: 102
https://adonx.one
June 04, 2021, 05:51:33 AM
Altcoin investment will promising high profit according to right timing to enter the market, the duration between buy and sell, target profit , the season of market and the fundamental of crypto itself. We have seen in 2017, a lot of altcoin bullish and ATH up to 100x and we see it again in this year. Currently only in crypto investment that promising 100x gain, and I never see this huge gain in others instrument of assets.
hero member
Activity: 1778
Merit: 746
June 04, 2021, 05:29:10 AM
Scammers are everywhere. We have to stay away from from them. So Invest In any new project without researching about their team and project. Then it's your fault. In this world everyone is not honest or everyone is not scammers so we have to find good for our profit and stay away from scammer.
If you want a safe investment, choose a coin that has been trusted from the start, such as bitcoin, ethereum, BNB, or other popular coins. maybe, right now Doge is better and safe enough. however, trying to invest in a new project requires knowledge, and information about it. So, if you want a safe investment, choose something popular. although not completely safe, at the very least, it makes the risk small.
full member
Activity: 910
Merit: 102
June 04, 2021, 05:22:07 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 which altcoins are you investing . If you invest in new altcoins , maybe you can make really good profit or you can lose your everything . But if you invest in good reputable altcoins like Eth, BNB, XRP,Link then I think your investment is Safe.
full member
Activity: 941
Merit: 100
June 03, 2021, 01:02:22 AM
Totally safe if you can choose the right one. Don't buy alts because of hype or following your friend without knowing about that project your invested in. Always do your own research before you want to put your money in any kind of investment.
that is the mistake of many new investors.
they see how tokens or coins are being pumped and buy them. without knowing the risk that assets that are under hype could fall apart.
especially to follow the recommendations of people, it is very dangerous because we never know whether he did it by analysis or speculation.
better to study the market and project first. and determine our investment assets wisely.
jr. member
Activity: 98
Merit: 1
June 03, 2021, 12:58:57 AM
Risks are inevitable. They are always present especially when you are investing in altcoins. The prudent thing to do is to exercise due diligence and always do your own research.

Your money is safe with the fundamentally sound project. Has a real-life use case, active team of transparent developers, backed by a positive community, solid road map and white paper.

The above conditions perfectly fits this underrated coin called XSN. Check it out!
full member
Activity: 854
Merit: 100
June 02, 2021, 09:17:20 PM
Totally safe if you can choose the right one. Don't buy alts because of hype or following your friend without knowing about that project your invested in. Always do your own research before you want to put your money in any kind of investment.
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