Topic: Should you invest in Altcoin? - page 9. (Read 4278 times)

I like to take big risks with a small amount of money. Since some of the altcoins were very cheap, I prefer to buy and keep. There is a chance to earn the most during a bull season.

Of course. Cryptocurrency is risky and you have to take risks in order to gain more money. Altcoins have the potential of growing aside from being risky.

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.

It is possble that I will surely invest in altcoin if the price varies and will increase. The price should be better than the last price and will be constant to increase .

Yes Altcoin is an biggest opportunity for investment. Altcoins are also creat profitable situations for its investors. Altcoin like Ethereum is best for investment. Ethereum price is also an profitable asset for investment and its less volatile is another reason behind its profits. Many investors suggest Ethereum for long-term investment because of these above two reasons. And Ethereum is also accepted by many multimillion companies for their business and for various projects and this thing ultimately help Ethereum to improve its price in future.