Is Altcoin Safe for Investment - page 21.

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Quote from: SHAHKHAN22 on November 30, 2020, 02:44:41 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 ?

You are safe if you invest in fairly mineable coins like RVN and 0xMR. Both have no dev wallets to dump on investors and since they are mineable, there is no way for the developers to exit scam.

lexkiee28

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Quote from: SHAHKHAN22 on November 30, 2020, 02:44:41 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 ?

To avoid getting fraud or scammed especially in investing with a new developed project you really must do your rigorous and deep research so that this kind of circumstances will not happen to you. Also, I suggest that instead of investing in new projects better invest it in some of the top 200 rank altcoins.

Amejoaquim

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That's why we need to increase our knowledge so we can avoid SCAM.

I believe there's a lot of trusted alts you can invest, especially if you invest in top alts like BNB or ETH.

SistaFista

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Hexhash.xyz

Quote from: Hobo66 on April 12, 2021, 02:12:04 PM

I like LTC because it's fast and cheap fees when sending. But maybe not to the moon. If I had a business I would look into using LTC as payment to employees. And definitely it safe for investment.

Litecoin is one of the altcoins in crypto indeed, but it is not only Litecoin. You can try to look at other good altcoin such as BNB coin.
Did you see the Binance Smart Chain hype lately ? There are many new DeFi projects launched there.
BNB is the best altcoin for me now, but i don't know if there will be better altcoin in the future.

For OP, both bitcoin and altcoin have risk, but i think altcoin is riskier than bitcoin.

Hobo66

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I like LTC because it's fast and cheap fees when sending. But maybe not to the moon. If I had a business I would look into using LTC as payment to employees. And definitely it safe for investment.

dongyi17

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FRX: Ferocious Alpha

Any investment is a big risk, those who have the guts to really invest in Altcoin is brave and is really a believer that no matter what it takes He will make sure to get the best profit afterwards. Although we cannot tell whose coin up and down, who or what will pump and who and what to dump, but sure if you have good timing and work hard on it someday you too will get what you deserve.

daenarys_stormborn

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no one is safe in the world of investment, it must have risk, which makes it different only the level of risk. and in crypto investing of course there is a big risk, especially in altcoins, but it depends on the altcoin you choose, it can be good or bad

HanaTenun

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Quote from: billy.ryoko on April 12, 2021, 10:30:48 AM

In my opinion, this has not any safe way to invest in cryptocurrencies, the price is pump and dump everyday. Somehow, the new altcoin can grow over 100% and drop 100% in the same day, and never invest more than you can afford to lose.

for some beginners of course seeing the market in an uptrend will attract them. but you indeed say it is very risky if you choose the wrong asset.
if you want to get a safer moment to invest in the long term I think waiting for the momentum of the correction is the most appropriate choice.

billy.ryoko

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In my opinion, this has not any safe way to invest in cryptocurrencies, the price is pump and dump everyday. Somehow, the new altcoin can grow over 100% and drop 100% in the same day, and never invest more than you can afford to lose.

kevindjunaidi

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👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

there is no safe altcoin to invest, even Bitcoin is not safe to invest, because every investment has a risk and in my opinion the risk of investing in cryptocurrency is very big, because the profit from investing in cryptocurrency is also very big, but I think now is the right time for you to invest in altcoin, because the market condition is very good (altseason), so you will definitely get profit from investing in altcoin at this time.

Vishnu.Reang

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Quote from: LeancyBTC on April 12, 2021, 07:02:30 AM

Altcoins are the best investment anyone can think about because one correct investment can make you rich in such a short time. I have seen many people who multiply their initial investment to 100 times with promising altcoin such as binance coin, ethereum to NFT coins like Enjin, Sandbox, Decentraland. But one mistake can make you regret because the sea is full of shark who creates fake project to steal investors money. So before making any investment, I advice you to analyze it in a detail level to lower the risk involve.

The problem is that you hear only about success stories. Those who lose their money very rarely post about it. For every project that has made a profit of 10x or 20x to the investors, there may be at least 50 others which have made them lose their capital. It is like a lottery with the new altcoins. If you are lucky, then you can become rich almost overnight. I know one user who had invested in two dozen different altcoins, and still failed to receive a profit from even one of them.

LeancyBTC

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Bitcoin lovers <3

Altcoins are the best investment anyone can think about because one correct investment can make you rich in such a short time. I have seen many people who multiply their initial investment to 100 times with promising altcoin such as binance coin, ethereum to NFT coins like Enjin, Sandbox, Decentraland. But one mistake can make you regret because the sea is full of shark who creates fake project to steal investors money. So before making any investment, I advice you to analyze it in a detail level to lower the risk involve.

Mauser

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Quote from: ?? on ??

there is always a risk

Yep, but you may earn good money

Without risk there wouldn't be any return. You can see from government bonds or money market accounts that there is return to be made right now. Risk free you can maybe earn 0.5-1% right now, with an inflation rate of 2% we are losing money each year if we don't invest it properly. The crypto market is huge with a lot of different alt coins, we can decide for ourself how much risk we are willing to take.

bonyaserg

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For me, investing in cryptocurrency is considered the most flexible and profitable business. Because only by investing money, you can get a good profit. Yes, now there are a lot of scammers on the market who cheat and steal funds a lot. But there are also positive aspects of investing in cryptocurrency. You just need to understand well, and you can immediately see where the scammers are and where the honest projects are. Therefore, I wish everyone a fair investment and a lot of return.

Dexion

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If you have been an investor in crypto for a long time, you should always be careful when making your investment decisions. If you have done good and thorough research and are confident that you will be able to do it, good luck.

francois-cooper

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Your Data Belongs To You

it's safe if yu use them to accumulate more bitcoins

Impala8_

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Do your research! Don't get scammed
Ask people
I was thinking about investing in PEAK like a year I think and only now invested cuz I was afraid
now when I know there's OKEx listing coming and NFT's I'm 100% sure their are worthy
It's just the matter of time and knowledge Grin

max6575

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Vave.com

different unit on option as investors might work with customs of personal strategy on distributing funds and possession of resource with the chance on invesment with the altcoin market, that more investors to gains of returns with the good experience on decision of involvement with the business field of crypto finance.

bryant.coleman

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As of now, the altcoins can be broadly divided into two categories. The first category consists of established altcoins such as Ethereum, Cardano, Binance Coin, Cardano, Litecoin and Chainlink. These coins comprise up to 80% of the altcoin market cap. On the other hand, we have thousands of smaller altcoins (many of them can be classified as shitcoins) which comprise less than 20% of the market cap. Now the question is which one is more suitable for investment. The first category of coins do have good future potential, but they looks overpriced. The second category is not overpriced, but they include a lot of scam projects.

Dexion

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we cannot eliminate the risk of any investment, especially in cryptocurrency which we know ourselves that we depend on the market rate, but we can minimize the risk by cutting our losses as quickly as possible when the market goes down, or we are more patient to wait for the value to rise again and stop immediately if I am not sure that I will be able to go up again in the future

So, I advise you to invest only in the more popular altcoins to reduce the risk of investing in altcoins

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