is it still risky to Invest into Altcoin now? - page 9.

LogitechMouse

legendary

Activity: 2422

Merit: 1036

Chancellor on brink of second bailout for banks

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

~
What's your opinion ? Shall we invest or just involve in quick trades ?

Quick trades can be done by those who have enough experience in trading. Fast trading is very risky especially when you are just starting. Fast trading most of the time only happens in futures when you have a high leverage. If you're just starting, just focus on spot trading. Be patient, and learn more.

Quote

Re: is it still risky to Invest into Altcoin now?

It will depend on the altcoin you are buying.

If you will buy altcoins that are already established like those at the top in terms of market cap, the risk would be lower compare to those altcoins that has lower market cap. It will also depend on your risk appetite. Are you an aggressive investor that can risk your money buying low market cap coins, or are you a conservative one who wants only to buy those top altcoins.

Investing in general is risky, but it will decrease as soon as you have enough knowledge, and you know what you're buying, and doing. Investing is risky, but you will not gain profit if you will not risk. Investing into altcoins always have risk, but you have to take that risk if you want to make money investing into it.

Cryptoababe

member

Activity: 708

Merit: 18

Do it For Better Humanity

Quote from: JeffBrad12 on November 15, 2023, 08:54:52 PM

Quote from: Cryptoababe on November 15, 2023, 06:43:46 PM

For me. This is the best time to buy some Altcoin. Most especially the new ones. I personally bought some. And Im still in hoping to buy more. I also used Bitget smart portfolio to pair some with ETH, SOL and Bitcoin and I've been getting more of those coins with the SOL pair lately because of the SOL pump. I'm sure that when the Bitcoin bull run starts, I'm gonna make more profit with my actions in the bear market.

be careful with corrections though nowadays most of the coin has increased more than 50%, even some reached 100%-300%, I believe it is a sign that we shouldn't recklessly invest otherwise we will get rekt, why? because usually buying at peak is never a good idea, there might be some correction waiting, or there might be even bigger rally waiting we don't know for sure thats why i would carefully invest my money at these time and still also observant towards the market, best opportunity to buy was when in bearish, but its already passed, now we only have coins that have risen quite highly.
I think we should wait until the news of ETF for both bitcoin and ethereum appear then we can make decision, SOL was increasing maybe because FTX was going to get revived under new management which supposedly also gonna help SOL grow, but we also can't be sure with that.

You gave me a good advice here. Most time when coin pumps, I follow blindly. I think the best time is truly after ETF. Also, seems FTX announced sell off and they locked up some SOL worth billions of dollars for two years. Although, I heard the ones that are meant to be sold are already being sold. So, I think you are right about not investing recklessly not to get rekt.

ivankoh

full member

Activity: 1428

Merit: 120

Sugars.zone | DatingFi - Earn for Posting

Altcoins have risks that are not necessarily time-specific, meaning they are risky at any time. Everything moves in a cycle and bitcoin is always the leader. At this time, bitcoin is the guideline, hold bitcoin, focus on observing it before the opportunity opens for the altcoin cycle to create waves. I guess, the opportunity to sort and reorganize altcoins is coming.

Marvelman

full member

Activity: 994

Merit: 137

★Bitvest.io★ Play Plinko or Invest!

Sure, if youre investing for the long haul, Bitcoin's probably the safer bet. But if you've got the stomach for it altcoins can provide some serious short-term gains... as long as you're ready to get tossed off once in a while.

Investing in altcoins is a rollercoaster. There's no doubt about it - when they surge in value, it's incredibly tempting to ride that profit wave and make some quick gains. But altcoins are unpredictable creatures, and before you know it, yesterday's top performers end up todays biggest losers. It's a wild ride.

Wahyuihib

member

Activity: 609

Merit: 10

Rexx

Fast trading is very risky and requires additional effort. because we must always monitor market movements at all times, even every second so as not to miss the price we want. However, sometimes the results are in accordance with the efforts we have made

Kelvinid

sr. member

Activity: 2800

Merit: 344

when lambo...

If I were you OP, don't stress yourself thinking about it because whether you like it or not, investing in crypto regardless if it is Bitcoin or altcoins, and even in different market conditions, risks are still there. If we can't dare to accept the truth, then I don't we need to be part of this.
Crypto investments are just for risk-takers, if we don't have this kind of behavior and mindset, it certainly never works for us. That is why we have to look into ourselves and asses if we can bare the situation and are able to face the consequences, or else, we better leave.

vantruan8h

newbie

Activity: 16

Merit: 0

For me, this is the time to create a list of promising altcoins for long-term investment, and at the current moment, it's possible to buy the altcoins you like. 2024 is the golden opportunity to allocate all your capital into altcoins; I still believe that 2025 will be the breakout year for altcoins.

Ben Barubal

member

Activity: 490

Merit: 16

Eloncoin.org - Mars, here we come!

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 ?

The big money in the cryptocurrency field is actually in altcoins, and a lot of people have gotten rich because of altcoins. But, you should also consider that it also has associated risks. It is not easy to choose legitimate and potential altcoins because, most of them, you will think that there are really potentials.

That's why you, as an investor, should be careful but wise in your choices, as long as you prioritize or base your decisions on at least the top 10 listed in the crypto market so that at least you have a chance to earn or get a profit when it comes to bull runs, but it's still a disclaimer that it's better to do your own research.

MIner1448

member

Activity: 938

Merit: 13

Tontogether | Save Smart & Win Big

Investing in cryptocurrencies always involves a high level of risk due to their volatility. Your investing strategy should depend on your goals, patience, and level of comfort with risk.
If you are interested in making quick profits, active trading may be a suitable option given the current volatility of altcoins. However, it is important to remember that such rapid movements can go both ways and the losses can also be significant.
When it comes to long-term investments, careful research and choosing projects with strong fundamentals can be important. Bitcoin is generally considered to be a more stable asset compared to most altcoins.

icalical

sr. member

Activity: 1358

Merit: 268

Graphic & Motion Designer

In my opinion investing into altcoin is always be more risky than Bitcoin, even the biggest altcoin like ETH or BNB. It's a centralized currency, the company cold just shutdown the project anytime they want, or the people behind the project could do some bad things and make people lose their trust in the project. I never put more than 30% of my portfolio in Altcoin and never hodl longer than 4 months, will just take the profit and move on to other altcoin, and I usually just immediately sell my altcoin if the market goes bad.

onecall123

sr. member

Activity: 2044

Merit: 323

If i say why not? Because risk is part of everything.

and we've had this same discussion pop up in every bull run before. So, don't stress about it. Just go with the flow. Stick to the trend, and you'll make money. No need to predict the future of the alt market to make some cash.

lienfaye

hero member

Activity: 2912

Merit: 629

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 ?

Don't get attracted if the price of altcoins are rising. What if you buy and then the price suddenly dump right after you do it? That's the risk of investing in alts especially those that are not established. If you want to take advantage the frequent changes on the price of altcoins the best time to do it is during dip.

Therefore joining the ride now is quite risky, but of course it's up to you. However, keep in mind that losing your capital is likely to happen. So if I were to invest at this time, I prefer the established ones especially Bitcoin, ETH and BNB.

JeffBrad12

hero member

Activity: 2772

Merit: 524

Leading Crypto Sports Betting & Casino Platform

Quote from: Cryptoababe on November 15, 2023, 06:43:46 PM

For me. This is the best time to buy some Altcoin. Most especially the new ones. I personally bought some. And Im still in hoping to buy more. I also used Bitget smart portfolio to pair some with ETH, SOL and Bitcoin and I've been getting more of those coins with the SOL pair lately because of the SOL pump. I'm sure that when the Bitcoin bull run starts, I'm gonna make more profit with my actions in the bear market.

be careful with corrections though nowadays most of the coin has increased more than 50%, even some reached 100%-300%, I believe it is a sign that we shouldn't recklessly invest otherwise we will get rekt, why? because usually buying at peak is never a good idea, there might be some correction waiting, or there might be even bigger rally waiting we don't know for sure thats why i would carefully invest my money at these time and still also observant towards the market, best opportunity to buy was when in bearish, but its already passed, now we only have coins that have risen quite highly.
I think we should wait until the news of ETF for both bitcoin and ethereum appear then we can make decision, SOL was increasing maybe because FTX was going to get revived under new management which supposedly also gonna help SOL grow, but we also can't be sure with that.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

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 ?

Diversifying your investment with some altcoins is not a bad though as long as you only invest what you can afford to lose. But never expect that you will eventually make decent profits from it as altcoins are just an alternative to bitcoin, whatever you may gained from bitcoin will never guarantees that you will also gained the same with altcoins. Note that there's higher risk with investing in altcoins, which means the more you become susceptible to losses when you consider altcoins investment.

However, I am only saying the reality about bitcoin and altcoins. But we also know that the market is highly unpredictable, that sometimes it comes to give higher favor on altcoins that made those who highly risk in altcoins become instant millionaire when they least expect it. But that's only rare to happen as bitcoin is still consider the king in the crypto market.

oktana

sr. member

Activity: 1582

Merit: 281

Eloncoin.org - Mars, here we come!

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 ?

I would have said that what is riskier is the quick trade but if you can hodl for long then how can't you quickly trade your coins? So, if you want to do quick trades, what I would recommend you do is invest but endeavor that you keep your eyes open so if you see a favorable profit window you can sell, and if you don't, you can keep hodling with the long-term mentality. But please do your research well on what token you're investing in because that really matters.

Cryptoababe

member

Activity: 708

Merit: 18

Do it For Better Humanity

For me. This is the best time to buy some Altcoin. Most especially the new ones. I personally bought some. And Im still in hoping to buy more. I also used Bitget smart portfolio to pair some with ETH, SOL and Bitcoin and I've been getting more of those coins with the SOL pair lately because of the SOL pump. I'm sure that when the Bitcoin bull run starts, I'm gonna make more profit with my actions in the bear market.

Rengga Jati

hero member

Activity: 1932

Merit: 622

ROLLBIT > Crypto's Most Rewarding Casino

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

....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 ?

I thought a little, when does investing in altcoins not contain risks? Because as far as I know, investment in altcoins and Bitcoin definitely has risks. So, the size of the risk is what we can actually manage. That doesn't mean we can get zero-risk investment in altcoins. Because after all, there will definitely be a risk of failure and loss of money in investing in altcoins. Either because the altcoins project is a scam, altcoins are just hype and end up dead coins, or because we lack skills in taking these altcoins.

In this case, investment is like what we expect. If it is short term, maybe we can see the price volatility and have quite high trading volume. However, if you want to invest long, then I personally will choose Top altcoins. At least, maybe the risk is not as big as altcoins with a still low market cap.

target

legendary

Activity: 2212

Merit: 1041

Quote from: kentrolla on November 15, 2023, 04:07:00 PM

Quote from: GreatArkansas on November 15, 2023, 10:57:36 AM

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.

I am currently doing both, as an investor for Bitcoin and trader for Altcoin, at the moment I am bit hesitant to make entry into market in terms of major investment because one day Altcoin are having more than 50% increase and the next day the same coin dumps as mentioned in the OP but I am trying to utilise this for multiple quick trades of minimal profit without taking risk of more than 10% as stop loss is placed at 10% in maximum number of cases. I have made some investments when Bitcoin was under $20k and waiting for bull run to reach it's peak for selling it.

Whether its BTC or Altcoins, you will be selling them all when the ATH is reached. I'm currently buying ADA because I wanna get some Midnight tokens, the privacy token of Cardano which they will be distributing to the ADA holders. I think its not very risky anymore to invest in altcoins.

And I will also be staking the ADA for next year's ATH. This bull run they say is going parabolic and maybe we can see prices more than what we expect.

kentrolla

hero member

Activity: 1540

Merit: 564

Eloncoin.org - Mars, here we come!

Quote from: GreatArkansas on November 15, 2023, 10:57:36 AM

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.

I am currently doing both, as an investor for Bitcoin and trader for Altcoin, at the moment I am bit hesitant to make entry into market in terms of major investment because one day Altcoin are having more than 50% increase and the next day the same coin dumps as mentioned in the OP but I am trying to utilise this for multiple quick trades of minimal profit without taking risk of more than 10% as stop loss is placed at 10% in maximum number of cases. I have made some investments when Bitcoin was under $20k and waiting for bull run to reach it's peak for selling it.

Spaceman1000$

full member

Activity: 518

Merit: 156

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 ?

It's because of the instability of altcoins, that's why most Investor always want to stick with bitcoin. The volatility is on both altcoin and bitcoin as well, but bitcoin tries as much to retain its value no matter the drop, it will always find it way to top. While altcoin struggle to maintain it's value, so if you must invest on altcoins, you have to do your homework very well.

Topic: is it still risky to Invest into Altcoin now? - page 9. (Read 1754 times)