Is Altcoin Safe for Investment - page 33.

Sithara007

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Well, from 2018 scam projects was arise until 2019 December, because when 2020 came up scam projects was being reduced unlike those years 2018 and 2019 were they are very rampant and many became a victim by them. But at the moment, the majority of the projects now are much more better than before. So, I could say it safer in terms of investment. But this was just a thought and my opinion only.

Even now, there is no dearth of scam projects. But the main difference is that nowadays the investors are more cautious about them. Also, with Bitcoin dominance at close to 70%, a large section of the users want to stick with Bitcoin and the established altcoins, rather than investing in new projects. Also most of the scam projects from 2018 and 2019 have been delisted from the exchanges.

Btra

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Altcoins are not safe for investment because of the uncertainty of the market which finally leads to high volatility. Again, the market is unregulated so the price level is not regulated and totally depends on the demand & supply of that coin. But, you can invest in Bitcoin, Ethereum, XRP, and some of the genuine altcoins which are actually existed in the market and backed by some fiat or Gold.

raidarksword

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It is safe venture if altcoins are on top 20 in the coinmarketcap and big chances you make profit from them with long term hold process. Still all investment are risks and it's just take risk to succeed this industry but always remember just invest what you can afford to lose.

newdevices

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for the current situation altcoins are still very safe. it's just that you have to choose an altcoin with good fundamentals,
because if the price decreases you just hold on to the long term, good fundamentals are the key to future prices,
Even though you have to wait a long time but if you are patient then you win

Wulan_maniez

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Indeed, many altcoin projects commit fraud and leave it alone. Thus damaging the image of other altcoins who are really serious about developing their technology to benefit more in the crypto industry. Many potential altcoins have proven to this day and give profits to traders and investors. Even daily traders can take short-term profits by utilizing the pump and dump situation. But we must always be vigilant to invest in newly launched projects

lozovenkop

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As much as there are a lot of fraudulent projects, there are also normal projects, many just do not conduct even the simplest analysis..

terrific

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Quote from: Santri on January 10, 2021, 03:13:37 PM

if investing in top altcoins can be said to be safe because they have been trusted and the product has also been used by other people but if investing in new altcoins is very risky because it's like looking for a needle in a haystack

XRP is one of the top altcoin.
But with its situation, it is not advisable to invest on it. Many in the top altcoins should be analyzed before investing on it.
Top or not, they are risky.

Santri

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if investing in top altcoins can be said to be safe because they have been trusted and the product has also been used by other people but if investing in new altcoins is very risky because it's like looking for a needle in a haystack

Joyawan13

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Quote from: SHAHKHAN22 on November 30, 2020, 01:44:41 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 ?

It's not easy to choose to invest in altcoins, before choosing to invest in altcoins, of course, you have to do a really thorough research first, and that's certainly not easy, and not all altcoins are certain scams, because many projects end up in Scams and run by irresponsible people, now many investors are hesitant to support new projects, so hopefully in the future, for example, there will be new projects that will be better and handled by people who can be more responsible for handling a project. to be able to create coins that have excellent development and potential in the future is not just for instant profit.

BitcoinPanther

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No, Altcoin is not safe for investment because it was an experimental project wherein developers are asking money from investor to fund their experiment. The altcoin project itself dos not guarantee any success thus investing in it have huge risk involved. When there is risk, we are not sure if it is safe or not until the project became successful or went scam.

bttmember

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Quote from: SHAHKHAN22 on November 30, 2020, 01:44:41 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 ?

Avoid new token based projects and only buy them only if that gets hundred percent of your attention and massive acceptance from the market otherwise chose top and highly rated altcoins.

Alohadanc3

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For me it's yes. But it depends on how and when you invest. After Bitcoin all these are altcoins. And many of them are really good. If you know where to invest then altcoin investment are relly good. But if you know which coin to pick then fine. But if you are new to this market then I will say avoid altcoins. And stay with big cap coins. But if you areknownabout the market then you can put your money anywhere.

RussianEnglishTranslation

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Quote from: SHAHKHAN22 on November 30, 2020, 01:44:41 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 ?

It's safe if you invest in POW tokens with no premine or dev wallet like RVN and 0xMR. That way nobody can dump on you, exit scam, or rugpull.

Handsome Boy

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Quote from: SHAHKHAN22 on November 30, 2020, 01:44:41 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 ?

I think if you want to invest in altcoin then you have to be prepared with a big risks, because in my opinion there is no investment in altcoin that can guarantee 100% it's safe, for example what happened recently, that is SEC suing XRP and of course that has a bad impact for XRP, because the price of XRP has dropped very far, but investors still don't dare or not sure to invest in XRP for now, even though XRP is one of the most popular altcoin in cryptocurrency and XRP is also the top 3 on coinmarketcap, so in my opinion if you want to invest in altcoin then you have to be prepared with a big risks and of course you should not be greedy, because if you are greedy then you can lose your money, so you must know the right time for you to take profit.

Jamesdila1

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Most people here will try to sell their alts to you but truth is owning bitcoin and ETH is the safest bet.
If you are going to invest a good amount in alts stick with the top 20 and ones that have a long track record and decent liquidity like Monero, LTC, Stellar, etc

azisjz4

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but I'm not sure now is the right time to buy altcoins, because the increase in bitcoin will affect the decline in altcoin prices, so my prediction is that until January bitcoin will continue to increase, so it's better to wait longer to buy some altcoins

But for me to do short trading now is the right time because we can get profit by taking advantage of the situation of the increase in BTC which is quite significant this week. For example a few days ago ETH price was still around $ 620, but currently ETH price has reached around $ 730. In a short time we can take advantage of the benefits of investing in altcoins

amarmurgi

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There are some coins to invest in. As far as I know, investing in those coins will be profitable. And those coins are very unlikely to ever be lost or scammed. So the risk of investing in coins that have a website and team members active is very low. The special thing is that no one here can say in the right way that any coin or site is a scam so all the risk has to be taken by oneself and no one else can take it. If you invest, you will be less likely to lose from your own ideas, thank you.

azisjz4

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For investment in ICO, I am not too interested because it is prone to scam, but if the team they have and the sponsors and advertisements they make are added with public figures, it might make me interested in investing in ICO. I think investing in IEO is better than ICO. But it is much better if we have a clear altcoin investment on Coinmarketcap. I am interested in investing in buying ETH and LINK and LTC for altcoins.

Wingsbtc

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Now is the best time to invest in altcoins because bitcoin is surging very high without altcoins joining the game changing pump yet, I'm guessing by January 2021 it will be too late to invest in altcoins too so now is still a good chance to get some altcoins

Dr.Osh

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Quote from: TopTort777 on December 27, 2020, 02:16:49 PM

Seeing how altcoins price drop with every bitcoin price drop, and comparing how bitcoin grows now, while altcoins price not, scares me a lot. If altcoins go down, be careful not to lose that moment, because their fall might hurt a lot. I suggest to set stop losses right now.

What I'm afraid of right now is a sudden drop in bitcoin. it could cause the altcoin price to collapse. yeah, but this is just my concern. however, for now it is quite risky to choose an altcoin without doing any research. if you want to choose an altcoin, then choose an altcoin that has a big potential like ethereum

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