So my simple and straightforward conclusion be say, altcoins dey more risky to invest in than bitcoin, but the profit dey always dey higher than bitcoin's profit if one invest in the right one.
Ah you don finish work be dis, another thing person need considered na the taking of profit thing. Many people don get millions but e just dey online, I be one of those people. E get one altcoin I buy, e rise but I no dey satisfied as my target never reach. For my very before that coin show me waka, e drop like say na buhari age.
Ah, I comot cap as I dey twale for you sir, I won appreciate your response to the matter.
Wetin I get to talk for this one be say altcoins gets grades just like okirika get grades for market, grade A to grade E if i should put it that way, wetin me dey do be say, when I see altcoin wey look promising to me and buy am, or maybe I get am as reward from bounty, I go try to determine the grade wey the altcoin dey from A to E, this go help me also determine a realistic price wey I go set as my target price to sell that particular altcoin, and once it hit that price or very close to that price, I go sell am and comot eye for anything wey concern that altcoin again, but this particular strategy na for low grade altcoins.
For altcoins in grade A to C, when my sell target hit for this altcoin, I go sell am, wait for the price to come down, then I buy again and set another sell price target, just like that until I tire.
How I dey personally rank this altcoins na based on their roadmap and accomplishments so far, based on how good the team is, based on the quality of their working product and current and potential use case for the token, and lastly but not the least, number of people that's makes up the community of that altcoin.
No be like make una look market una self, see Ethereum, BNB, dot, link, uni etc dis na all coins I know when dem dey $1 but see my life na I no buy I dey dey form Bitcoin maximalist. I don tayah abeg make una show me way for the altcoins hustle even bounty self I fit drop enter any better one.
For here self dis $100 dey do me like slavery, I hate salary related things, I like when my hustle pay me like risk plenty nobi comfort zone something as I don already they feel relax and the thing dey vex me.
Bitcoin paying bounties dey very OK oooh if you ask me, cus for this kind of bounty, risk of person not getting paid is drastically reduced, and also risk of working for weeks only to end up receiving tokens worth close to shit(this na if they worth any thing at all) is drastically reduced, altcoins bounties carry all this risks but if person get luck jam better altcoin bounty, better money dey always come out, like for example, in 2017, I participate for one altcoin bounty for 3 weeks and total tokens wey I receive as payment for the 3 weeks after I convert to naira na 2.3 million naira, in 2020 also, I participate for another altcoin bounty for 4 weeks and total tokens wey I receive for that bounty after I convert to naira na 3.8 million naira.
So risk dey, but money also dey if person jam luck.