is it still risky to Invest into Altcoin now? - page 10.

AnonBitCoiner

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Quote from: Venik on November 14, 2023, 06:14:15 AM

It's always risky. For more than a year I was investing in BTC only. I wouldn't recommend it, but I can say my opinion. I think that it's a viable strategy.

Every coin is risky even cryptocurrency as a whole is risky so due to risk we cannot move away from profit but in fact we should filter coins through investigation and then choose wisely. Not every coins is profitable but this is also true that not all the coins are unsuccessful. Bitcoin is less risky as compared to other coins but as we see it during bear market then everyone will be afraid to loss money because if price of bitcoin goes down then the down price is more as Compared to altcoins.

Patience is the strategy which can minimize this risk and one day you will see a green market but for it one should leave trading and accept investment because the option of patience is not suitable in trading. I don't think that all the altcoins are risky as you can take the example of Ethereum which is also profitable as that of bitcoin.

GreatArkansas

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Quote from: kentrolla on November 14, 2023, 05:00:36 AM

(....)
What's your opinion ? Shall we invest or just involve in quick trades ?

It seems difficult. For me, you must identify first your goal, and identify what you want, whether you are a trader or investor? or both.
You can also organize, like having a trading account and investing account. Or just make it organize, like you buy spot orders for some altcoins you want to invest and you plan it to sell in the future, and on the other hand you can try futures trading to do some quick trades.

Dunamisx

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Has there been anytime where making an altcoin investments safe to do, everything is all about risk and nothing else is attached than that, if we are not being sire of the kind of altcoins we are investing on, then we shouldn't take the risk of making an investment on shitcoins because we will ended up loosing everything, even when we do on the ones we have made research about already, everything has to be under taking risk because we cannot have an assurance of what might comes after.

super bako

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Quote from: Mame89 on November 14, 2023, 03:04:55 PM

Quote from: yazher on November 14, 2023, 09:02:48 AM

Everything has a risk right now including investing in altcoins but since the crypto market is looking good and the results of other projects are completely good, you are recommended to invest in one of those, especially with the kind of price right now and there are circumstances that other altcoins are not recommended for investment due to the fact that other projects cannot keep up with their competitors and they are bound to lose and have a low chance to increase the price of their coins. Nevertheless, it depends on the project if they are still active in their development and updates because if they are not, their coins are not worthy of our time and money.

Indeed, everything is full of risks, especially altcoins, but we can still minimize these risks by choosing altcoins that really have long-term prospects and for me ETH is a good choice besides BTC for the long term.

Sometimes we have to take a little courage to face risks to gain profits in altcoins, but this also depends on the person, if their mentality is not good, it is better to invest in BTC which is definitely safe for the long term to gain profits.

If you accept risks, have to be ready or not. If are an investor, things like that won't be far away, no matter what business goes straight, there will definitely be obstacles, whether the risk is big or small, of course. At the moment of the trend season, need to pay attention to bulls or bears, this is a view of flying hours a little anticipation minimizing risks. and don't be easily carried away by the risk of minus, there are still many significant altcoins to come

danherbias07

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When it comes to altcoin I like selling at this point if I see good profits. There's really no reason to stay because for me that's my purpose for buying them. Just let it pump and then sell, no love at all unlike with Bitcoin.
It's always risky investing with them that's why I think we should have that kind of point of view for them unless they are really going for long-term investments like Ethereum. Proven and tested.
Also, I consider the divided money all over different altcoins. How can they have a larger value if the demands are in other coins and projects and there's more coming out left and right so those who like to invest fully with a certain altcoin will divide their capital into many portions to buy different altcoins?
So, there's a lesser chance of a value increasing just like how it is with Bitcoin when there was less competition.

AnisahSiti

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Of course not. Investment certainly requires a long time or long term to get profits. Besides that, altcoins are still relatively cheap, I say this because the price of altcoins is still far from its previous ATH price. As long as we can choose which potential altcoin we will invest in, then make a purchase and save it, I'm sure that during the altseason the profits we get will be big, especially if the altcoin is able to make a new ATH.

vs2014

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We are very close to the bull market so you can buy the best tokens that have the potential to be profitable. Moreover super market for altcoins has high risk and best coin investing advanced plan like cmc can visit top list. Also i would not always invite new investors because they have a high sense of love which is why they often buy cheap tokens which are pretty much death tokens. Anyway good luck for future market and you can make good profit if you want just do research things.

Webetcoins

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Quote from: kentrolla on November 14, 2023, 05:00:36 AM

I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?

Altcoins are not for the long-term, they are only good for short-term trading or scalping, If you are getting 2% profit from a single trade on an altcoin, consider that being very good because making 5 such trades a day would give you a 10% profit for the day which is more than enough. This is the reason why scalpers usually use altcoins for their trades and not Bitcoin since altcoins are more volatile than Bitcoin and also because of the difference in their prices.

So, the answer to your question would be that one should only make quick trades using altcoins and shouldn't buy and hold for a long time unless they want to take the risk hoping and aiming for higher profits which might be possible but since there is a lot of risks involved, people often don't do it.

poodle63

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around when the market is gonna get bullish is the safest time to invest, you just find what the bottom at and wait few weeks, your money gonna grow rapidly. thats the thing with bullrun, everyone become master of investment. even investing in random altcoin would be bountiful harvest for many. but of course its different with investing when bearish.
personally i would not invest anymore around this time, most of coin has risen quite high, it instead increase the risk of investing, even higher than in bearish, at least in bearish with all coin having low value, you could just invest into altcoin that you favour and then leave it alone until bullish came in but investing at peak bullish will either force you to cut lose or force you to wait few years, though if you're so sure that the coin can increase even higher, then maybe thats the chance for that, after all we haven't hitting the all time high yet.

TelolettOm

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Quote from: kentrolla on November 14, 2023, 05:00:36 AM

... because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?

There is no end when talking about the risks of investing in cryptocurrency, especially in altcoins. There will be risks that you can face when investing in altcoins, especially if it is a new altcoin that you choose. Maybe, you can get high returns from these altcoins, but it is also possible that you will lose your money when investing in altcoins, especially if you miss the moment to take profits. So, it's best to first analyze as best as possible what altcoins you want to invest in. Don't just carry the FOMO of new coins that promise a thousand sweet promises and double profits. they are not much different from scammers. Understand what you want to do, both investing or trading and in what coins you will choose.

batang_bitcoin

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Quote from: kentrolla on November 14, 2023, 05:00:36 AM

I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?

Just do quick trades if you're able to. The market is still in confirmation period and we get some corrections on its way, if you are not able to ride before it pumps then you have to wait again and see if your validation gets confirmed that we're now on a longer period wherein we should hold for the longer time. Investing in risky, whether it's with altcoins or Bitcoin but the difference with Bitcoin is we're getting more assurance that this is the center attraction of the market and it has no other way to go but to be up.

Wexnident

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Quote from: kentrolla on November 14, 2023, 05:00:36 AM

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Long term? Definitely not. Short term? I mean if you can hit a coin that's about to pop or is in the middle of surging, then that's easy profit imo. Just that, it's not exactly easy to hit some coins like that to your average guy, it might be closer to a gamble than an investment at some point but hey, it is what it is. I mean a short pump and dump like that is already a sign that the coin isn't that much, probably the community just got hyped by someone or something a bit and immediately dwindled down.

For long term, just don't mind the pump and dump from the short term really. Especially in coins that are known to perform over longer periods of time.

Coyster

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Altcoins are generally short term projects, i have been saying this for a very long time now. Due to their pump and dump nature, you should not buy and hodl altcoins for the long term, if you do so, you'd only end up being a bagholder. If you must buy altcoins, you have to target the short term/quick profits, buy when the price is low and sell immediately you make ROI, and if you are unable to sell at that time, and the altcoin starts dumping, you had better sold it and cut your losses, instead of bagholding it. Nonetheless, you can make ROI when you invest in altcoins, but it is akin to gambling, because you can't be sure which one will pump and if it will be sustainable even if it does.

Dr.Bitcoin_Strange

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Well, there are some altcoins that are pretty bad to invest in and hold for a long time; otherwise, if the dump comes, you are going to lose a great deal. You might invest in some of the high altcoins that seem persistent and could make a profit if you hold on for a little while, but for some of the small altcoins that you feel can be very unpredictable, I guess if you cannot handle your losses, then you better not invest, but if you can risk the money, you can go ahead. About two days ago, one of my friends was around the space. He confirmed that he invested $1000 in a newly launched altcoin on the Binance exchange, and within the next 24 hours, he made a $500 profit from that token. That was a short one, and I believe he had the idea of how to follow up and sell so quickly. Who knows, if he decides to hold the coin like Bitcoin, it could just dump.

Ubakama

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Just as you rightly said. No room yet for long term holding just quick profits for now. Everyone should manage their risk accordingly

Belarge

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Quote from: bastian466 on November 14, 2023, 03:42:38 PM

Fast trading can be an alternative to avoid all market situations and don't forget that apart from that, you also have to have altcoins that you hold for the future if the bulls come. This means, don't just rely on one investment instrument, there are many other ways you can do it. but risk always looms at all times, everything has risk

Risks, that we know because we've sign up for whatever outcome we will face. The market is always present to distract us from out initial plans, more reason we should not go to some of us fail on triggered good entry when the market have already mapped out good chances of winning enormously from the system and opportunities to be created that will liquidate one's account without season. Investing in altcoins is one major step of stepping closer of withdrawing gigantic profits from the system, and this can only happen when one is extremely careful and does chill with him.

bastian466

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Fast trading can be an alternative to avoid all market situations and don't forget that apart from that, you also have to have altcoins that you hold for the future if the bulls come. This means, don't just rely on one investment instrument, there are many other ways you can do it. but risk always looms at all times, everything has risk

Mame89

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Quote from: yazher on November 14, 2023, 09:02:48 AM

Everything has a risk right now including investing in altcoins but since the crypto market is looking good and the results of other projects are completely good, you are recommended to invest in one of those, especially with the kind of price right now and there are circumstances that other altcoins are not recommended for investment due to the fact that other projects cannot keep up with their competitors and they are bound to lose and have a low chance to increase the price of their coins. Nevertheless, it depends on the project if they are still active in their development and updates because if they are not, their coins are not worthy of our time and money.

Indeed, everything is full of risks, especially altcoins, but we can still minimize these risks by choosing altcoins that really have long-term prospects and for me ETH is a good choice besides BTC for the long term.

Sometimes we have to take a little courage to face risks to gain profits in altcoins, but this also depends on the person, if their mentality is not good, it is better to invest in BTC which is definitely safe for the long term to gain profits.

jrrsparkles

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Quote from: kentrolla on November 14, 2023, 05:00:36 AM

I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?

Its always been the case with altcoins, you never know when an altcoin will dump because even when the market is surging and there is no direct news affecting the particular altcoin still it can dump and mostly its from whales who orchestrated it for a while so they make all the reap from whatever the market condition and poor retail investors has to bear the loss.

WelasAsih24

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Quote from: Hispo on November 14, 2023, 06:34:30 AM

Investing in alternative crypocurrencies has been always risky, specially if we are talking about relatively new coins. I would even feel it is risky to try to especulate using coins within the top 50.
One needs to be a very well developed sense of economical intuition so one won't get scammed in the wild and obviously scammers take advantage of the bull cycles to try to steal as much as possible from gullible investors, using all kinds of tricks.

If I decided to put some money in altcoins, I would only do so in projects which have already been time-proof, like Monero, Litecoin, Ethereum. Nothing with tokens based on food or Dogs. Those are basically shitcoins and a way to gamble to anyone daring getting money in.

It's true what you say, I really agree with his opinion.
Because trash coins usually carry a very high risk and in my experience that is what happens.

Topic: is it still risky to Invest into Altcoin now? - page 10. (Read 1735 times)