Topic: Should you invest in Altcoin? - page 14. (Read 4278 times)
Thumbs up for you mate, yes all you have said are right everybody who are occupied with digital currency ought to put resources into altcoins. Step by step numerous altcoins show up and present in the market yet we should be insightful in deciding for our venture. Numerous altcoins are only a bit of junk and some are turning points which we have to dive in to know it's worth later on. Study is the key for every one of the financial specialists.
yes. It really depends on you. Before investing in anything we need to do thorough research like read the whitepaper and everything we can about the project. Then we can come up with the best decision we can have.
If you have the ability to analyze the good coin selection then the investment in altcoin you will be able to make a profit, so follow me to learn how the analysis will be better for you.
Yeah, I agree to your point of view mate. As we here in crypto currency community we try our luck here and I'm prefer to invest an altcoins. Well, first I will find an altcoin in which have a huge potential in the future as it can be demand in the world of crypto currency.
Recently, many Cryptocurrencies have been created and the rapidly changing market landscape, all investments in Cryptocurrency can be high risk. Even Bitcoin which is by far the most stable crypto also shows a fluctuating price.
For comparison, though, altcoin prices are more volatile due to low market cap, altcoin markets are particularly vulnerable to price manipulation. Investors who have a large capital called "whale" - often inject large sums of money into coins that have low prices to build sensations and cause the price of the coin to skyrocket. Once the price has increased, he sells their coins on the exchange with huge profits, making many other investors deceived in the process. This method is known as "pump & dump." This can not only hurt greedy traders who do not take the time to analyze their investments, but are often shown to cause altcoins to have short lifespan.
To avoid losing all your investments due to pump & dump, focus long-term investments on coins that you believe have great potential and show good health. Generally, healthy altcoin has a strong community, shows high liquidity, and has a team of developers who proactively improve the source code of the coin. The comprehensive loginitma of CoinGecko metrics analysis statistically analyzes these three important factors and ranks the coins according to the overall strength of the coin.
If you choose to invest in altcoin, it is important to remember some basic principles of investment. Avoid the hype from those distributed by the coin community. Every investor has an agenda, so it's best not to take their word round. Invest only on coins you have previously worked on. It is not wise to invest in something you do not understand. Making an investment based on the wrong information is a sign that you will lose your hard-earned money. Take the time to research the coins you would consider a long-term investment, and research the market situation before you try to become a high-volume short-term trader. Most importantly, never invest more than your ability to take losses. Too many people lose their life savings by focusing them on a volatile investment.
For comparison, though, altcoin prices are more volatile due to low market cap, altcoin markets are particularly vulnerable to price manipulation. Investors who have a large capital called "whale" - often inject large sums of money into coins that have low prices to build sensations and cause the price of the coin to skyrocket. Once the price has increased, he sells their coins on the exchange with huge profits, making many other investors deceived in the process. This method is known as "pump & dump." This can not only hurt greedy traders who do not take the time to analyze their investments, but are often shown to cause altcoins to have short lifespan.
To avoid losing all your investments due to pump & dump, focus long-term investments on coins that you believe have great potential and show good health. Generally, healthy altcoin has a strong community, shows high liquidity, and has a team of developers who proactively improve the source code of the coin. The comprehensive loginitma of CoinGecko metrics analysis statistically analyzes these three important factors and ranks the coins according to the overall strength of the coin.
If you choose to invest in altcoin, it is important to remember some basic principles of investment. Avoid the hype from those distributed by the coin community. Every investor has an agenda, so it's best not to take their word round. Invest only on coins you have previously worked on. It is not wise to invest in something you do not understand. Making an investment based on the wrong information is a sign that you will lose your hard-earned money. Take the time to research the coins you would consider a long-term investment, and research the market situation before you try to become a high-volume short-term trader. Most importantly, never invest more than your ability to take losses. Too many people lose their life savings by focusing them on a volatile investment.
I think understanding the word investment is the first thing and also the way it is undertaken in the field of cryptocurrency. I believe that putting your investment into cryptocurrencies should be a long-term thing. It will certainly take time for the price of such altcoin to go up to where you can reasonably say you have make profit. This is what most investors fail to realise
If you have the ability to analyze the good coin selection then the investment in altcoin you will be able to make a profit, so follow me to learn how the analysis will be better for you.
Currently, to invest in bitcoin so that later if the price goes down it is not too disappointed, because the market is also less friendly, many altcoins are red and down drastically.
Just a little patience to be profitable, and if you want to invest choose a coin that still has good potential, I think the market will improve for the next few months, not this month.
Just a little patience to be profitable, and if you want to invest choose a coin that still has good potential, I think the market will improve for the next few months, not this month.
Bitcoin or altcoins are both profitable because in the near future the cryptocurrency will be used across the world, so invest the money you afford to lose.at this moment bitcoin the best choice for investing money.
I don't think it should be in altcoin. because there are still many other coin-coins that might be dumped. but then I tend to prefer to use bitcoin compared to altcoin.
If you invest in coin TOP (TOP10 or TOP20), in the short term, the price of it maybe x2 or x3. But when you invest in altcoin, if you choose the right coin, you can x10 x20 your properties. Altcoin is more risk than coin TOP but more potential. Before investing in any altcoin, please deeply investigate and undertand about it by: read whitepaper, check the information about team and their partners, roadmap and communities.
I believe in the future altcoin will grow stronger and bring a lot of profit to long-term investors. Altcoin has many advantages over Bitcoin. For example, Ethereum's transaction speed is faster than Bitcoin, and transaction costs are also cheaper. At present the price of altcoin has fallen, this is the time for us to buy some altcoin like Ethereum, Litecoin, Stellar and NEO.
if I were going to do anything other than invest in bitcoin I would invest in some altcoin that has the potential to minimize losses
I think that invest in Alt aren't to bad. Although that it wasn't stable and strong like BTC, but sometime it can grow bigger than BTC. No matter Alt that you choose, you have to research their first before decide to invest in that coin. And also search for the stable and the potential one for your investment. Good Luck.
Thanks for sharing your words.
In order to invest in ALTCOINS you are sure to have knowledge
Here are some suggestions:
First: You need to find out the potential of the alts you are planning to invest
Second: Surely you have to have money, and that money means taking risks! By investing can not 100% success!
In order to invest in ALTCOINS you are sure to have knowledge
Here are some suggestions:
First: You need to find out the potential of the alts you are planning to invest
Second: Surely you have to have money, and that money means taking risks! By investing can not 100% success!
Thanks for the knowledge you shared, it is very useful for new people when deciding to invest in altcoins. IMO, if you decide to invest in altcoins, then you need experience as well as good knowledge of index analysis to be able to find out the potential altcoins. And it's important to keep in mind that investments in altcoins are short-term, not long-term.
It depends. You need to know more about the project and do not follow others. Many alt coins are not suitable for investment.
We should choose some altcoins that have a good performance.But for now, bitcoin price is the most gaining coin because the price is increasing now when the other altcoins are not.
If you want a balanced portfolio then you should invest in altcoins. Just make sure to select from top altcoins with bigger marketcap, popular product/service and a great team behind it.
yes I invest in altcoin, because I think investing in altcoin is more profitable and will give me more profit.
Nowadays, altcoins are now more demand in all aspect because its already proven like bitcoin has in, which it also called as promising coin in cryptocurrencies so I think it's good to invest anytime in altcoin because it changes directly it's prices from time to time in where se cam earn profits on it. I do not currently have to buy altcoin though with a very cheap price because now I see the development of each altcoin on the stock is very bad and unstable. this will make us frustrated if we are wrong to take steps. so we better wait for better time to invest!
for now, indeed all the coins in an uncertain state, up and down on the coin is common. this is already a market habit to rise and fall. therefore our effort to achieve greater profits is to use a good strategy. to invest in Altcoin is a great strategy as a future Bitcoin alternative.
Most altcoin is not worth investing in. The presence of whales will cost most investments dearly. So we should focus on investing in the first 20 encryption
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