Topic: Too scared to go for altcoins? - page 6. (Read 943 times)
People will keep being scared to go for altcoin because of the too many scam projects we have out there today. I personally an not beat my best for any altcoin for a newbie in cryptocurrency before. Bit coin remains the only trusted. Don't get me wrong. I am not saying others can not be trusted but I ant just beat my chest for them.
Going for altcoins is a risky proposition for a new investor entering the crypto market due to the sheer amount of altcoins present in the market and also the new ones which seems to be keep appearing almost everyday. Add to the fact that most altcoins aren't listed in standard exchanges makes it tougher to buy them and also mistake prone.
There is no such thing as safe when investing in crypto, it maybe a high risk but with proper research they can surely find a good altcoins to invest. It's given that majority of the altcoins are shit coins or what we called scam coins but there are still hundreds of altcoins in the market that has a good potential, one good strategy is to invest on the top 10 altcoins in the market, sure there's at least 60% chance that you'll grow your investment.
unfortunately at the moment given the market conditions that can vary from one second to the next, altcoins are no longer a good investment, for the moment we must focus entirely on bitcoin and on the stake of stable coins to make a profit, in the future we will see .. .
Yeah they can prove to be fruitful but only after bitcoins peak i think and the next bull cycle is just starting at the moment so if someone invest in the fork coins right now i think he has to wait for 1 to 2 years more to see serious gains while investing in quality alts can also produce good returns over that period and we have plenty to choose from in top 25 list so it is also a good option.
in my opinion bitcoin cash can be a hot asset this year. starting from the pump that occurred at the end of January, and now back down again. but it is a sign that bitcoin cash can go higher. I don't think it's easy to choose Bictoin Cash as another option for investment.
BCH is really good for investing, but coin is still very much dependent on the price of Bitcoin, so it is uncertain about the future of this coin. The crypto market is very volatile and just having bad news will put you at a great risk of investing. However, if you have a reasonable and not greedy investment strategy, you will succeed with this coin because BCH can help a lot in our lives. 
Every investment one tends to do in this space must come with a clear understanding of what he wants. There have been little to no discussion about all these Bitcoin forks, at least from my own view, the only one which most people can talk about is Bitcoin cash which shows that despite the fact they are forked from Bitcoin people still prefers the original as it comes with a unique idea. To make it more clear, there is less urge to invest in these coins which have been channelled to altcoins like Ethereum and the rest because they tend to present better use case. I prefer going for Bitcoin and if the need arises for altcoins I prefer Ethereum.
please. May i ask if all these altcoins will join the bitcoin halving this year? if that is the case. i sugguest it is good for short term investment. rather than that, we all can focus our attention to the main crypto with is bitcoin and ethereum. the rest can wait please. Nevertheless, i am yet to see any quantifiable reason for the halving. it just don't make sense for a valuable to break into two. the burning process is preferable.
Nope, they all have different time that the halving will take place, some are before Bitcoin halving and some after Bitcoin halving like Bitcoin diamond halving that will happen later in Q3 of this year I think
please. May i ask if all these altcoins will join the bitcoin halving this year? if that is the case. i sugguest it is good for short term investment. rather than that, we all can focus our attention to the main crypto with is bitcoin and ethereum. the rest can wait please. Nevertheless, i am yet to see any quantifiable reason for the halving. it just don't make sense for a valuable to break into two. the burning process is preferable.
but for the long term I still doubt it, even though bch is rated above cmc.
Among all the hardforks of btc I think bch is so far has the one with great platform and can also keep up with yhe original peer to peer approach that Satoshi's dreaming for everyone. Altcoin is the term even for btc hardforks but I hate to say that most of them are useless only few or even bch alone can be useful IMO.
Going for altcoins is a risky proposition for a new investor entering the crypto market due to the sheer amount of altcoins present in the market and also the new ones which seems to be keep appearing almost everyday. Add to the fact that most altcoins aren't listed in standard exchanges makes it tougher to buy them and also mistake prone.
I wonder why you did not put your money in bitcoin but in imitation.
what makes you believe this coin will be good for the long term.
if you are looking for short-term benefits, maybe that can be achieved.
but for the long term I still doubt it, even though bch is rated above cmc.
what makes you believe this coin will be good for the long term.
if you are looking for short-term benefits, maybe that can be achieved.
but for the long term I still doubt it, even though bch is rated above cmc.
I suggest stay away from all the forks of bitcoin. These altcoins are just a split coin from btc which eventually doesnt have any real use case or worse just created to toppled bitcoins reputation. Especially bitcoin cash and bitcoin sv. These two are not what do you think they are. Projects under CW and RV will definitely a centralized aproach to more investors.
Even for long term I wouldnt trust a single dime on these forks. Why do you think they will bloom as btc is more superior when it comes to tech and adoption? Dont waste effort and money on these projects.
Bitcoin forks are only good for long term investment, seriously you can watch your portfolio lossing value in a short period of time, as good as BCH and others are they are still dangerous to invest money on compare to bitcoin
Even for long term I wouldnt trust a single dime on these forks. Why do you think they will bloom as btc is more superior when it comes to tech and adoption? Dont waste effort and money on these projects.
I am sorry but I would go against your opinion, I believe bitcoin forks does not have a good future and if we keep supporting bitcoin forks that is tantamount to not supporting bitcoin, their short term movement that they follow bitcoin movement does not guarantee their good future, so IMO, it better to invest in altcoins with original idea like ETH and BNB, these two I trust more.
Im looking for alts that are good to hold for long period and im seeing other alts like eth and ltc as suited for what im looking for. Well for me bitcoin forks are not good for long term investment. I can go for bitcoin instead of choosing these coins that only a clone of btc, so why risk your money in not established coins? Well we have different preference anyway.
I think if you scare to buy altcoin, you can purchase bitcoin 
No matter how much money you will have to buy bitcoin, you will see that your bitcoin value in fiat will be up and down. And sometimes, when bitcoin price can increase, you will see the increase of the value will be bigger than the initial money that you used to buy bitcoin. But if you invest in bitcoin fork, no matter bitcoin price is down, the price of every bitcoin fork will go deeper than we can expect. But that is one risk that we should accept, and we need to know that the price of bitcoin fork will always follow bitcoin price.
No matter how much money you will have to buy bitcoin, you will see that your bitcoin value in fiat will be up and down. And sometimes, when bitcoin price can increase, you will see the increase of the value will be bigger than the initial money that you used to buy bitcoin. But if you invest in bitcoin fork, no matter bitcoin price is down, the price of every bitcoin fork will go deeper than we can expect. But that is one risk that we should accept, and we need to know that the price of bitcoin fork will always follow bitcoin price.
Bitcoin forks are only good for long term investment, seriously you can watch your portfolio lossing value in a short period of time, as good as BCH and others are they are still dangerous to invest money on compare to bitcoin
in my opinion bitcoin cash can be a hot asset this year. starting from the pump that occurred at the end of January, and now back down again. but it is a sign that bitcoin cash can go higher. I don't think it's easy to choose Bictoin Cash as another option for investment.
Investing in BCH can be very risky, if you ask me. It has gone up quite a bit so far this year, but the spike was mostly due to the drama surrounding Craig Wright's court case and its outcome. The coin is doing well when compared to the other coins, as the low transaction fee makes it attractive for the users to make payments. But the roll out of ETH 2.0 can hit BCH in this sector.
in my opinion bitcoin cash can be a hot asset this year. starting from the pump that occurred at the end of January, and now back down again. but it is a sign that bitcoin cash can go higher. I don't think it's easy to choose Bictoin Cash as another option for investment.
Investing in BCH can be very risky, if you ask me. It has gone up quite a bit so far this year, but the spike was mostly due to the drama surrounding Craig Wright's court case and its outcome. The coin is doing well when compared to the other coins, as the low transaction fee makes it attractive for the users to make payments. But the roll out of ETH 2.0 can hit BCH in this sector.
but not to be taken very seriously because anything can happen in crypto space...
I just want to focus in this part, most of us only see and want big profit without understanding market is unpredictable, no one knows the future. People use their optimist and big fund to replace order, underestimate is totally worst. They want market follow them but I'm sure trader/ investor should follow market trend. Their ego make bad action, such as not use stop loss and money management. Fix mindset first and doing research for your plan, follow it and fix the mistakes, that's it.
i would not buy bitcoin forks. i would hold bitcoin and have new forks for free.
I will only buy alt coins that are very low in cap which have strong tested development. I have pivx and bitbay. Byteball looks below value. I am accumulating several other alt coins but btc is always my favourite
I think bitcoinforks will be outperformed by my choices.
I will only buy alt coins that are very low in cap which have strong tested development. I have pivx and bitbay. Byteball looks below value. I am accumulating several other alt coins but btc is always my favourite
I think bitcoinforks will be outperformed by my choices.
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