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Topic: Is Altcoin Safe for Investment - page 4. (Read 17872 times)

member
Activity: 364
Merit: 10
August 16, 2021, 11:21:49 AM
So how we make altcoin investment safe ?
Some of the top popular altcoins are very safe to invest in like ETH, BNB, ADA, Matic, Dot, Link, excluding new altcoins that carry a huge risk from platform control and monitoring.  A lot of problems related to fraud, forgery, scam.  It's safest to embrace bitcoin - never loses its power.
jr. member
Activity: 62
Merit: 4
August 16, 2021, 11:09:19 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 ?

We must first make sure about altcoins and try with small capital in a market that is trusted and has tight security, if it is safe to start with large capital, I think so.
full member
Activity: 1274
Merit: 104
HEX: Longer pays better
August 16, 2021, 08:10:30 AM
Altcoins can be good investments and they can also be bad investments it depends on each individual project. Some projects are created by scam teams and will not be successful, some projects are created by serious teams but they either lack the market for the solution they aim to provide of their concepts aren't well grounded so these types of projects naturally wouldn't see any big form measurable success.
The best altcoins for investments are those that are created to provide solutions to pressing needs either in real life or on the Blockchain, with this and a good competent team, such cryptocurrencies often provide good return on investments and are great long term investments
Yes, it's true that altcoins can be a safe investment, but it can also be the other way around
it depends on our own analysis who invests in altcoins the first thing to analyze is the project team, how interesting is the project, how big is the community and you have to learn about their white paper to minimize the risk of scam altcoin projects
member
Activity: 373
Merit: 12
Smart World Global Token
August 16, 2021, 03:31:20 AM
vesting in altcoins always carries both big and small risks and depending on how we make choices and all promise the same hope that we will be successful in the future, so if i invest in altcoins always choose altcoins that are old and reliable.
Actually, it's not about how old or young the Altcoin is to be chosen as an investment choice, but on the performance of the team in creating new things that can benefit everyone through its benefits, as in the very close example between XLM and BNB, XLM is older than BNB, but now BNB has beaten XLM in terms of potential and enthusiasts, so BNB has become an option that is always considered by everyone.

Innovative altcoins are always more reliable by many people in their investment choices, I think the examples you mentioned do not include XLM but Bnb, ethereum and cardano are some of the Altcoins that have innovation. so that investors are interested in these Altcoins
newbie
Activity: 65
Merit: 0
August 15, 2021, 02:14:41 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 ?
Before making any investment decisions, it is important to analyze the project's fundamentals, use case, vision, and developers first. By understanding these principles, you can be assured that your hard earn funds are in a safe place. One best example of this project I can recommend is Stakenet's XSN. Go and check for yourself.
jr. member
Activity: 117
Merit: 5
August 15, 2021, 01:37:40 PM
Altcoins can be good investments and they can also be bad investments it depends on each individual project. Some projects are created by scam teams and will not be successful, some projects are created by serious teams but they either lack the market for the solution they aim to provide of their concepts aren't well grounded so these types of projects naturally wouldn't see any big form measurable success.
The best altcoins for investments are those that are created to provide solutions to pressing needs either in real life or on the Blockchain, with this and a good competent team, such cryptocurrencies often provide good return on investments and are great long term investments
legendary
Activity: 1862
Merit: 1046
August 15, 2021, 08:25:43 AM
I think that any investment is dangerous. it is impossible to earn a good profit just like that without risk. therefore, it is worth learning everything about the project in which you are going to invest. of course, you should not invest your last money, since the risk will be even if you invest in super, a stable altcoin

Yes you are right, as long as it's cryptocurrency there's no such thing as safe investment even if it is Bitcoin or Ethereum all of the cryptocurrency is volatile but one thing's for sure all kinds of investments are not safe there's always a risk in terms of investment.
member
Activity: 146
Merit: 27
August 15, 2021, 08:01:20 AM
I think that any investment is dangerous. it is impossible to earn a good profit just like that without risk. therefore, it is worth learning everything about the project in which you are going to invest. of course, you should not invest your last money, since the risk will be even if you invest in super, a stable altcoin
member
Activity: 728
Merit: 12
August 15, 2021, 07:46:23 AM
You should be more selective in choosing the project to be worked on. Maybe this method is not the most effective way to avoid scams but at least you can be more careful. You can also choose several platforms that are truly trustworthy, such as ETH. Need to know again if all investments are risky such as security problems and the way that can be done is not eliminating but reducing the risk.
sr. member
Activity: 1862
Merit: 259
August 15, 2021, 06:26:59 AM
Cryptocurrency market is filled with good project that want to make difference in economy,  finance and business.  However  there will be bad player in every worth endeavour.  The onus is now on investors and traders to be able to distinguish legit project from scam project .The successful altcoin out there usually take years before they become successful and they don't promise people of instant wealth!

There are also many altcoins that have increased in just a few days after they were launched, that's where people are easily fooled by such patterns.
nothing is safe in the crypto world, everyone has their own risks.
Before getting into altcoins, try to choose an altcoin that has a usability that is acceptable to the market.
member
Activity: 364
Merit: 12
August 15, 2021, 05:51:21 AM
Investing in IEO of a famous exchange is the safest investment however, due to a lot of entries and competitions, you will only get very little amount of those IEO tokens.
Everyone wants their investment to be safe. And if IEO is in Binance launchpad, then I think it will be the safest investment. So the competition here will be a little more, that's normal. Almost all of the projects that have IEO in Binance are successful projects. As a result, there is no need to worry about whether their tokens will be sold. This is why the amount of tokens is reduced individually.
hero member
Activity: 2856
Merit: 578
Leading Crypto Sports Betting & Casino Platform
August 15, 2021, 04:14:35 AM
So far, Altcoins are still safe to invest. It's just that you have to be good at choosing which coins you will make long-term investments and have the opportunity to have a good future.

But they are a handful right now, I would not even think of investing on coins with no proven usability and was created because of the hype, pick the top coin in the market and choose new coins that have usability, the most important thing is what they can contribute to the industry in general, a coin is defined by its platform and usability. 
full member
Activity: 504
Merit: 100
The Standard Protocol - Solving Inflation
August 15, 2021, 04:03:16 AM
Cryptocurrency market is filled with good project that want to make difference in economy,  finance and business.  However  there will be bad player in every worth endeavour.  The onus is now on investors and traders to be able to distinguish legit project from scam project .The successful altcoin out there usually take years before they become successful and they don't promise people of instant wealth!
sr. member
Activity: 2030
Merit: 356
August 15, 2021, 04:00:30 AM
I think you can buy an existing altcoin project if you are a little doubtful of a new project coming out, and also research the project in the long term from the price movement and development of the project, I'm sure you will find the right one out of the many altcoins.
You are right. Also one can invest in IEO of a famous exchange where listing will be confirmed.  Having 3rd party involved here will keep your investment safe and the team will not get a chance to scam you.

Investing in IEO of a famous exchange is the safest investment however, due to a lot of entries and competitions, you will only get very little amount of those IEO tokens.
I remember, that i participated in last binance IEO and only got 40$ worth of the tokens although i stake too many bnb  Sad
jr. member
Activity: 1162
Merit: 7
August 15, 2021, 02:12:23 AM
Investment in Altcoins is safe only if you do your research. With many coins coming up on daily bases investors cannot but ensure they find out more about the coin or token. The basic things to is the function of the coin or token - what value is it rendering? who are those behind the coin/token? An experienced and recognized personality with success record could be a tip. The more research that is conducted the more confident and safer the investment will be.
full member
Activity: 952
Merit: 108
1xBit recovered their reputation
August 14, 2021, 01:45:23 AM
Altcoin is safe if you are able to choose the correct altcoin for your investment.
Look at Ethereum, this altcoin is giving a huge profit from the beginning of its journey. No other Altcoin can come close to ETH. Bitcoin is starting to pump up a bit, but Ethereum has already moved closer to its previous ATH. My guess is that Ethereum will reach $10k within this year, So along with Bitcoin, Ethereum can be a safe investment for you.
full member
Activity: 661
Merit: 100
August 14, 2021, 01:29:09 AM
First of all I try to diversify between different altcoins so that if one was a scam, others could compensate for its collapse. Secondly I am trying to invest in something really worthy or in something trendy, but this strategy is more risky. If I see that this project has interesting ideas, good partners, strong developers and there are many people who are interested in this project, I will buy it.
legendary
Activity: 1932
Merit: 1005
August 13, 2021, 11:56:30 AM
to answer to OP , investing in alt even in bitcoin brings risks with it but isn't there a little risk in anything but i am also holding some as "safe"investment but better for me to stick also to bitcoin
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
August 13, 2021, 11:21:14 AM
Basically altcoins depend on BTC price. So if BTC increases then altcoins increase and when BTC decreases they decrease. We know that crypto market is volatile and definitely have to take the risk with out taking risk no one can not full fill their desire in this market However, there are some altcoins which are less risky those are BNB, Ether, ADA and XRP.
jr. member
Activity: 62
Merit: 6
August 12, 2021, 03:17:39 AM
Compared with Bitcoin, the risk of investing in altcoins is relatively high. As more and more people enter the cryptocurrency market, many altcoins are issued more and more, but many altcoins will also die.
Many altcoins are frequently traded. Before investing in altcoins, you must first see if it is worth investing in. Don't blindly follow the market to invest.
Many altcoins are still worth investing in.
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