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Topic: Is Altcoin Safe for Investment - page 41. (Read 17872 times)

copper member
Activity: 234
Merit: 0
December 03, 2020, 06:43:56 PM
Well, it all depends on how you view it and level of expertise also matters in all of these things. As for me, altcoin is safe for investment, just know the in and out of the project you are buying into their token/coin. You should ask yourself questions like: What problem(s) does this project solve? Is it potential at all?
You would only find answers to the related questions in the place of research. And that's how I personally found https://bluzelle.com
All the best!
sr. member
Activity: 882
Merit: 303
December 03, 2020, 06:43:13 PM
Do not invest on shitcoin project and always do your own research prior to invest. Altcoin may safe investment and may not. As what you said there are many projects coming in this industry and many also are scam. This is why we have to be more careful since many newbies also experience of got scam in crypto.

Altcoins were also safe as an invetment but investing in some altcoins which are Ripple, Binance and the dominant altcoin was the ETHEREUM. i bet it would be safer to invest in the Ripple which has a continuous maket rise up this past few days. Trusting in a shitcoins may lead you to failure, hence here in forum we are talking up which altcoins are for good investment and i bet you should take this advise for you to be aware.
sr. member
Activity: 1064
Merit: 350
December 03, 2020, 04:01:31 PM
In my opinion, the risk is getting bigger on altcoins. Because there are too many altcoins in the market and we see new ones every day. It is too hard to fully trust an altcoin because of that. We need to make a really good research before trusting an altcoin. For example, there is just one altcoin that I fully trust and it is Ethereum.
full member
Activity: 1274
Merit: 175
Catalog Websites
December 03, 2020, 03:49:42 PM
Yes, despite altcoin is not pumping the way many investors want it to pump in this season. Altcoin is about to increase to help their investors to make a good income from their trade.
Those who still hold altcoin the season is about to start to help people to recover all their lost they experienced during the pandemic.
sr. member
Activity: 1050
Merit: 250
Revolutionizing Reward Points
December 03, 2020, 03:24:25 PM
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So how we make altcoin investment safe ?

invest in the TOP altcoins, but it still not safe my friend, because all kind investments is risky
but if we invest in the TOP altcoins we can reduce the risk of our investments,
so, the point is manage the risk, because the risk will always stay in any kind of investments
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
December 03, 2020, 03:15:51 PM
Well established old altcoins that have active community? Yes, they are safe to invest. New altcoins that popup every day? Nope they aren't safe to invest. Chances are you will lose all your money if you invest in those coins. You might see those coin value increasing 500x, but remember they are being manipulated by the coin creators. Once you invest, you will start seeing the price dropping and eventually die. Those are scam coins. Most of the coins (around 99% to be honest) are just shit coins because they add no extra value. They are just clone of other coins. So avoid those.
But, don't forget, altcoins are more volatile than bitcoins. So invest if you can afford to lose.
member
Activity: 88
Merit: 11
December 03, 2020, 11:56:18 AM
Investing in Altcoin is a little risky at the moment. Bitcoin has now crossed its all time high but has not taken any correction. And Altcoin has not performed well so far. When Bitcoin goes down, Altcoin goes down with it. Some Altcoin has already performed well. However, it is possible to invest in Altcoin.
hero member
Activity: 1428
Merit: 506
December 03, 2020, 11:45:49 AM
Do not invest on shitcoin project and always do your own research prior to invest. Altcoin may safe investment and may not. As what you said there are many projects coming in this industry and many also are scam. This is why we have to be more careful since many newbies also experience of got scam in crypto.
full member
Activity: 1638
Merit: 122
December 03, 2020, 11:36:44 AM
the moment they encourage you and force you to invest with them because they are going to be succesful is one indication to tell that they must not be trusted and not all of them are like that but it can be 70 or more percent in the new alts now are more likely to fail .

 if you want safe altcoin investment go on the alts that are already on thier second version and those that have undergo on an upgrade . that is a proof that they are serious and want to evolve more
full member
Activity: 758
Merit: 104
December 03, 2020, 11:22:56 AM
We can't stop new altcoin from launching into market, altcoin is safe for investment just depending on the type of project you invest in. In investment risk is involved, just take your time researching well into the project and belief the best results to come from such a project.

But for new altcoin, better to invest when that coin already listed in some exchanges. Since many exchange will ask for legal documents to be listed. At least we can filter some of scam project to not be one of our portfolio
full member
Activity: 679
Merit: 102
December 03, 2020, 10:46:18 AM
Well, it depends on altcoins. There are altcoins that are safe and worth to invest but there are also altcoins that are not. Make your own DYOR when investing in altcoins. Take a look also at the top 100 coins/tokens in coinmarketcap then make research on the fundamentals of each token.
sr. member
Activity: 1050
Merit: 286
December 03, 2020, 10:40:09 AM
Before taking altcoins as an investment, you must know what altcoins they are. See, many members here also said that some altcoins may be good for investment. but mostly not. You may take them for daily trading or short investment, this may work and make you profits as long as you can get the right strategy. But here, if you are taking the wrong altcoins, it may mean that you are gonna get dead coins or shitcoins. So, be careful, only choose the Top coins with certain analysis in order to know the right choice of your altcoin investment.
It is indeed true that most of them are not profitable, but that is why you should need to study and gain important information first about the particular project or coin you want to invest your money in for you to prove that your money is safe when you trust that particular altcoin. After gaining some data, you should know also what to do next by making a portfolio to have trading strategies and that portfolio will guide you since the market or the crypto itself is volatile, you should know when is the right time that you are going to sell or buy a token again. It is your decision, after all, so make a good one.
full member
Activity: 2100
Merit: 174
December 03, 2020, 10:15:40 AM
If there is any formula to find an answer for this question then no one is going to lose their money in cryptocurrency space. Altcoin is safe when you choose the right project to invest which is the real task, and in my opinion you can avoid investing on new startups which has more risks.
Preferably while not going for the top altcoins in the market instead of thing and contemplating what project to make investment with. The new generation of altcoins projects are fragile and need care before make invest, of recent the defis' started bullish and little did some investors know that they're be lured into a trap like in the day past (2017). Investment on a new startups projects are more risky than investment with top existing altcoin projects in the industry.
full member
Activity: 1210
Merit: 100
December 03, 2020, 10:09:29 AM
As we all know that investing in the cryptocurrency world means taking risks so don't be surprised if you know or even realize that many good projects, promising concepts, pay huge rewards for investing in them and actually that's just their scenario .. So, if If you want to invest in crypto or any project, do your research first and don't invest in one place. Another piece of advice, to minimize the risk of loss, invest in stable coins, BTC, or other top altcoins.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
December 03, 2020, 06:31:28 AM
#99
If you want truly safe altcoin investment then just follow those IEO by popular exchange such as binance. They have history of chasing the scammers within their platform and succesfully retrieve all the money but doesn't mean you gonna be immune from things like altcoin dumping or such.

Truthfully speaking, there's no such thing as "safe" when it comes to investing. Anyone could lose money anytime.
sr. member
Activity: 1666
Merit: 292
Eloncoin.org - Mars, here we come!
December 03, 2020, 05:49:01 AM
#98
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 ?
Perhaps the OP is a failed investor in altcoin, what the OP just shared is a problem that happens in the market but it is only small and uncommon, i am also involved in altcoin and most of the projects that i participate in are profitable significantly, i think you need to learn how to invest to be able to evaluate the project more accurately.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
December 03, 2020, 04:59:19 AM
#97
If there is any formula to find an answer for this question then no one is going to lose their money in cryptocurrency space. Altcoin is safe when you choose the right project to invest which is the real task, and in my opinion you can avoid investing on new startups which has more risks.
Well, in the end, it will all go to popular altcoins like ethereum. For now, I feel that investing in a new altcoin is quite risky. If you can't take the risk of new altcoins and are looking for security, it's best to choose one that's been around for a long time. so far I also only invested in etheruem. i think it is the safest thing.
legendary
Activity: 2100
Merit: 1058
December 03, 2020, 04:55:41 AM
#96
I would say it is "safe" for investing, but depends on the altcoin you invest into. ETH for example is an investment and it is doing the phase 0 right now , we are going to see ETH go up a lot more in the upcoming months. For at least 7-8 months we are going to be in development sphere and probably in a year we are going to have staking as standard in ETH.

Now if you are asking if it is safe to invest into ETH, my answer would be obviously invest into it because it is definitely safe. However there are coins like BSV where it shouldn't even be a thing but it is high, higher than it should be, in the rankings so at the end of the day if it crashes one day I will not be shocked and you should be careful. Hence it all depends on what you end up investing into.
member
Activity: 753
Merit: 15
mulierum.com
December 02, 2020, 01:15:11 PM
#95
Before taking altcoins as an investment, you must know what altcoins they are. See, many members here also said that some altcoins may be good for investment. but mostly not. You may take them for daily trading or short investment, this may work and make you profits as long as you can get the right strategy. But here, if you are taking the wrong altcoins, it may mean that you are gonna get dead coins or shitcoins. So, be careful, only choose the Top coins with certain analysis in order to know the right choice of your altcoin investment.
member
Activity: 308
Merit: 22
December 02, 2020, 12:56:14 PM
#94
We can't stop new altcoin from launching into market, altcoin is safe for investment just depending on the type of project you invest in. In investment risk is involved, just take your time researching well into the project and belief the best results to come from such a project.
Crypto is highly speculative industry, most folks buying crypto want to make profit. It depends on the projects/altcoins whether has a professional team, token burns before listing, use cases etc. Investors are most interested in information about major exchange and active team with solid development. At the end we all are haunting money.
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