Tricky situation for Altcoin investment - page 2.

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Quote from: kentrolla on November 05, 2023, 04:33:27 AM

I would just like to make everyone cautious about the current situation as it's a period which can make or break you based on your investment strategy. It's all about Altcoin investment and most of the newbie try their luck by investing into Altcoin whenever there are rumours of bull Run and the reason they prefer Altcoin over bitcoin is that they think Bitcoin is already priced higher and it would not get pumped multiple fold any further and they think Altcoin is price priced at single digit or double digit so they can grown thousand folds but that's not the case as it's a common mistake made by newbies as they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Altcoin and calculate it with the price they expect it to reach and think if it's even possible. I would suggest sticking to top Altcoin and Bitcoin.

Please share your opinions on common mistake newbie makes when market trends upward.

Like people have pointed out. Amount of digits of single coin doesn't matter at all. But imho they are right in a sense that investing to bitcoin might not bring you 1000x profits, or even 10x profits unless inflation eats everything and bitcoin rises in fiat money value. But that's doesn't happen in short term. Because if there would be hyperinflation event it would not only destroy markets as we know it, it would most likely wipe the cryptocurrencies as well, as people would start to invest in something worth value to everyone.

But altcoins in short term still can make you rich if you choose right one in right time, while it still has low marketcap. Or you invest to something that starts burning a lot of coins at some point.

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Quote from: Silberman on November 16, 2023, 06:25:06 PM

Quote from: Makus on November 14, 2023, 01:20:34 PM

Absolutely correct, many altcoins seem so tempting to invest in but the fact still remains that they are risky and might end up crashing one day, so to be on the safer side I just mind my business by investing only on Bitcoin. I see altcoins as coins for trading alone not for long term investment, the only coin I can recommend for long term is Bitcoin and aside it nothing else. Because it seem the price of most altcoins are tied to that of Bitcoin, so why then should I try to invest on altcoins when most of their price movement is influenced by Bitcoin itself.

And even then there are many altcoins that should not be traded at all, and those are the coins that have a volume that is too low, and if anyone decided to ignore that warning and trade them anyway then a whale or a pump and dump group could easily manipulate the price of the coin and make you lose a lot of money in an instant, so if anyone is interested in trading altcoins they can do so, but they need to stick with the coins that are not subject to such blatant manipulation.

agreed, investing in coin with low liquidity, simply means we are donating money in these coin, the dev of the coin gonna dumps, some random holder also gonna dumps, there'll be no way for us to dump our coin afterwards, so we are basically donating our own money away for some random people, stick with coin with real use case, stick with coin that could make their way up to top 200, then its far better.
recent pumps has shown that the coin that increase massively these days are the one with real use case and fundamental, they are reaching more than 100% gain meanwhile some random shitcoin will just be at their all time low forever, thats why its really important invest for value, investing for the real use case that cause the real demand to the products.

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Quote from: Makus on November 14, 2023, 01:20:34 PM

Absolutely correct, many altcoins seem so tempting to invest in but the fact still remains that they are risky and might end up crashing one day, so to be on the safer side I just mind my business by investing only on Bitcoin. I see altcoins as coins for trading alone not for long term investment, the only coin I can recommend for long term is Bitcoin and aside it nothing else. Because it seem the price of most altcoins are tied to that of Bitcoin, so why then should I try to invest on altcoins when most of their price movement is influenced by Bitcoin itself.

And even then there are many altcoins that should not be traded at all, and those are the coins that have a volume that is too low, and if anyone decided to ignore that warning and trade them anyway then a whale or a pump and dump group could easily manipulate the price of the coin and make you lose a lot of money in an instant, so if anyone is interested in trading altcoins they can do so, but they need to stick with the coins that are not subject to such blatant manipulation.

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When it comes to investing in alt coins you must know the investment strategy. It is definitely possible to profit from investing in alt coins but not all alt coins can be profitable. For newbies, investing in some alt coins carries a lot of risk. To avoid risk in investing in new coins you need to choose the right few. But I think if you are new to alt coin investing. Then you are a small amount investment and short term investment is better for you than long term investment

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Quote from: Mpamaegbu on November 14, 2023, 12:38:19 PM

Quote from: kentrolla on November 05, 2023, 04:33:27 AM

Please share your opinions on common mistake newbie makes when market trends upward.

Most of these mistakes have been enumerated by members above me. I read through and some of them made me nostalgic. There's that innocence that comes with ignorance and old timers like us passed through them. Now that I look back, I can only suppress a chuckle at such level of ignorance I had. The top on the list was me thinking and assuming that those tokens (didn't even know the difference then between tokens and coins) in cents and hundred miles away from cents in zeroes would rise like Bitcoin or at least get to ETH or its classics 😂. Anyway, most of them performed well and gave nice ROI but they soon died off as soon as the bull season was over. I held many, hoping they would max out and turn my little $10 to $1000. The ambition was that crazy. I hedl and couldn't sell when price started dipping. I know many will fall into that same trap once the real rally kicks in.

Absolutely true, I think this bull run it won't be any different because we might see lot of shitcoins pumping up and people who ar aware of this will end up investing in it and tempted to earn more profits but end up with just tokens which are worthless and this mistake will be made by seasoned users as well due to greed.Lol I still remember hodling some tokens which I don't even remember which made me millionaire during December 2017 but the greed of earning more millions left me with tokens worth few dollars. but no harm in taking calculated risk with a predefined plan for profit margin. Just hope people don't fall for it this time like they did in 2018.

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Quote from: kentrolla on November 05, 2023, 04:33:27 AM

Please share your opinions on common mistake newbie makes when market trends upward.

Of course BTC is my priority first. but Altcoins are fine too, but I like Altcoins that have a history and resistance to shocks if there is a sudden correction that doesn't immediately go down and takes a long time to get back up. Because it's all about time and capital turnover. Hi, I'll check the total supply and daily transactions. If it's high, I'll choose if it's slow, wait and see first.

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Quote from: Makus on November 14, 2023, 01:20:34 PM

Absolutely correct, many altcoins seem so tempting to invest in but the fact still remains that they are risky and might end up crashing one day, so to be on the safer side I just mind my business by investing only on Bitcoin. I see altcoins as coins for trading alone not for long term investment, the only coin I can recommend for long term is Bitcoin and aside it nothing else. Because it seem the price of most altcoins are tied to that of Bitcoin, so why then should I try to invest on altcoins when most of their price movement is influenced by Bitcoin itself.

Not all altcoins become crashed because there are lots of altcoins which when hold for longer time increase in price over the time. BNB and Ethereum are a good altcoins that when hold for longer term then will surely offer a maximum return during appropriate timing. Bitcoin is the first option of all crypto users and whenever someone asked about priority then people will give preference to bitcoin more than altcoins. People are often trading with altcoins and its also beneficial to use profit from altcoins into investment in different coins at the same time because at the time of halving bitcoin as well as other related coins will surely be updated in price and the price this time will be more than ever.

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Quote from: sana54210 on November 14, 2023, 05:09:55 AM

People do not realize what marketcap means, they are having that trouble. Investing into something just because the price is small could be one of the worst type of ideas. I have seen this recently, during last bull run, I have seen people who saw shiba token was low in price, and they were keep saying things like "if only the price reaches 10 cents, we are rich", but the reality was that it wouldn't, well it couldn't, that would make it bigger than entire crypto marketcap total.

Not realizing what that means and investing accordingly is a big mistake and should not be what people are doing, we need to arrange something that would make it a lot more harder for people to make it work on the long run, so invest carefully.

If they don't know what it means, then they will likely disregard it. Those who are having a trouble with it will do a research to make them understand it more. Low price coins are usually called as low-cap coins. They are said to pump quicker and higher. No wonder why many people (mostly newbies) are interested on them. It is still very risky though, which is why you can say it's a worse idea for one to invest. Some times people are just day-dreaming.

I think there is nothing wrong with that. I'm sure you also tried it? There is still a chance that they can snap back into reality. In crypto, some things are possible. No one thought BTC will reach this far and high. Another example is the growth of Dogecoin. This is one of the reason why some people are too optimistic about the coins that they HODL.

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Quote from: DaNNy001 on November 14, 2023, 12:53:26 PM

I think by price value then you would mean that the newbie would be thinking of buying 1bitcoin because I believe they are lower price of Bitcoin that you as a newbie can buy although the profits you would get would be different when you buy an altcoin that is actually pumping because they are more probability of acquiring more from these type of investment but the fact is that it's very risky as they can drop their value any time from when you actually purchase them so thinking of using them as trading would be better and a short term trade in that matter.

Absolutely correct, many altcoins seem so tempting to invest in but the fact still remains that they are risky and might end up crashing one day, so to be on the safer side I just mind my business by investing only on Bitcoin. I see altcoins as coins for trading alone not for long term investment, the only coin I can recommend for long term is Bitcoin and aside it nothing else. Because it seem the price of most altcoins are tied to that of Bitcoin, so why then should I try to invest on altcoins when most of their price movement is influenced by Bitcoin itself.

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Quote from: Kelward on November 14, 2023, 11:21:32 AM

Quote from: kentrolla on November 05, 2023, 04:33:27 AM

I would just like to make everyone cautious about the current situation as it's a period which can make or break you based on your investment strategy. It's all about Altcoin investment and most of the newbie try their luck by investing into Altcoin whenever there are rumours of bull Run and the reason they prefer Altcoin over bitcoin is that they think Bitcoin is already priced higher and it would not get pumped multiple fold any further and they think Altcoin is price priced at single digit or double digit so they can grown thousand folds but that's not the case as it's a common mistake made by newbies as they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Alt

Please share your opinions on common mistake newbie makes when market trends upward.

I see your point OP, newbies will see bitcoin as being expensive compared to altcoins, the same amount that can buy 1 bitcoin, will buy many altcoins. Meaning that they're looking at volume instead of value, in the end bitcoin that has value will outlive the altcoins. My understanding is that anywhere that there is quick cash, you'll realize that it comes with greater risks, so bitcoin investment, requires the investor to accumulate and hold for a long term term, and when perfect opportunity comes, like during bull run, the investor sales and makes huge profit.

I'd be careful if I want to choose an altcoin for investment, despite any attractive offer, I can only choose a top altcoin like Ethereum, to put my money in.

I think by price value then you would mean that the newbie would be thinking of buying 1bitcoin because I believe they are lower price of Bitcoin that you as a newbie can buy although the profits you would get would be different when you buy an altcoin that is actually pumping because they are more probability of acquiring more from these type of investment but the fact is that it's very risky as they can drop their value any time from when you actually purchase them so thinking of using them as trading would be better and a short term trade in that matter.

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Quote from: kentrolla on November 05, 2023, 04:33:27 AM

Please share your opinions on common mistake newbie makes when market trends upward.

Most of these mistakes have been enumerated by members above me. I read through and some of them made me nostalgic. There's that innocence that comes with ignorance and old timers like us passed through them. Now that I look back, I can only suppress a chuckle at such level of ignorance I had. The top on the list was me thinking and assuming that those tokens (didn't even know the difference then between tokens and coins) in cents and hundred miles away from cents in zeroes would rise like Bitcoin or at least get to ETH or its classics 😂. Anyway, most of them performed well and gave nice ROI but they soon died off as soon as the bull season was over. I held many, hoping they would max out and turn my little $10 to $1000. The ambition was that crazy. I hedl and couldn't sell when price started dipping. I know many will fall into that same trap once the real rally kicks in.

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Quote from: kentrolla on November 05, 2023, 04:33:27 AM

I would just like to make everyone cautious about the current situation as it's a period which can make or break you based on your investment strategy. It's all about Altcoin investment and most of the newbie try their luck by investing into Altcoin whenever there are rumours of bull Run and the reason they prefer Altcoin over bitcoin is that they think Bitcoin is already priced higher and it would not get pumped multiple fold any further and they think Altcoin is price priced at single digit or double digit so they can grown thousand folds but that's not the case as it's a common mistake made by newbies as they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Alt

Please share your opinions on common mistake newbie makes when market trends upward.

I see your point OP, newbies will see bitcoin as being expensive compared to altcoins, the same amount that can buy 1 bitcoin, will buy many altcoins. Meaning that they're looking at volume instead of value, in the end bitcoin that has value will outlive the altcoins. My understanding is that anywhere that there is quick cash, you'll realize that it comes with greater risks, so bitcoin investment, requires the investor to accumulate and hold for a long term term, and when perfect opportunity comes, like during bull run, the investor sales and makes huge profit.

I'd be careful if I want to choose an altcoin for investment, despite any attractive offer, I can only choose a top altcoin like Ethereum, to put my money in.

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Quote from: kentrolla on November 05, 2023, 04:33:27 AM

I would just like to make everyone cautious about the current situation as it's a period which can make or break you based on your investment strategy. It's all about Altcoin investment and most of the newbie try their luck by investing into Altcoin whenever there are rumours of bull Run and the reason they prefer Altcoin over bitcoin is that they think Bitcoin is already priced higher and it would not get pumped multiple fold any further and they think Altcoin is price priced at single digit or double digit so they can grown thousand folds but that's not the case as it's a common mistake made by newbies as they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Altcoin and calculate it with the price they expect it to reach and think if it's even possible. I would suggest sticking to top Altcoin and Bitcoin.

People do not realize what marketcap means, they are having that trouble. Investing into something just because the price is small could be one of the worst type of ideas. I have seen this recently, during last bull run, I have seen people who saw shiba token was low in price, and they were keep saying things like "if only the price reaches 10 cents, we are rich", but the reality was that it wouldn't, well it couldn't, that would make it bigger than entire crypto marketcap total.

Not realizing what that means and investing accordingly is a big mistake and should not be what people are doing, we need to arrange something that would make it a lot more harder for people to make it work on the long run, so invest carefully.

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Quote from: Essential10 on November 12, 2023, 03:52:05 PM

Newbies don't understand that Bitcoin is the best way to invest. People who are new to crypto are mainly attracted to the various alt coins in the market. Hastily buys and invests in altcoins at low prices and at some point they come back empty handed. Many altcoins have disappeared from the market. I will not say that investing in altcoins will not get return but in that case they are wrong in selecting altcoins. There are still certain number of altcoins in the market from which a good return can be obtained. Anything related to investment can exhibit a dangerous performance and can contain fault approval performance. Consideration should be given to determinations for the amount and time to maturity of the investment.

For what I can see the train of thought newbies follow is to simply look for the coins they believe can give them the most money, so it is no as if they are interested in altcoins for their fundamentals, they just think those coins are the best way to obtain massive profits, however they do not really stop to think about the risks they are taking or the likelihood of their plans succeeding, because if they did then they will realize that investing in bitcoin is by far the superior choice in this market.

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Newbies don't understand that Bitcoin is the best way to invest. People who are new to crypto are mainly attracted to the various alt coins in the market. Hastily buys and invests in altcoins at low prices and at some point they come back empty handed. Many altcoins have disappeared from the market. I will not say that investing in altcoins will not get return but in that case they are wrong in selecting altcoins. There are still certain number of altcoins in the market from which a good return can be obtained. Anything related to investment can exhibit a dangerous performance and can contain fault approval performance. Consideration should be given to determinations for the amount and time to maturity of the investment.

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Quote from: oktana on November 08, 2023, 06:44:43 PM

You are right! Though it is not wrong for anyone to believe that coins that are low priced have the potential to rise and make crazy gains, I think some people do it too much (not just newbies but especially them). They always think that the token that has its price as $0.000001 has more tendency to increase than that of $0.01. While this can be true, there are a lot of factors that will determine which token is better. The tokenomics matters a lot; how many tokens are in total? Can more be minted?!! What is the respective token allocation/distribution to different segments of the project? The team behind the project is super important as well. The token use case also matters.

100% aligned with your opinion as there are factors like tokenomics which define what is possible what is not, I am purely referring to those new tokens with huge supply and price promise if we calculate them they estimate that surpasses Bitcoin market share. It's a human nature that they assume anything priced lower has high possibility of increasing by multiple folds, but whoever has tried this method would have always had to swallow the bitter pill including myself and we are more realistic now than every after witnessing multiple bull and bear market.

It pains me to see how people are making same mistake by reinvesting into FTT which has already abandoned us, until we have people like these it would be a cake walk for scammers to loot us in the name of Altcoins and false promise. This is the best example as people are investing in FTT is because it was under $1 three days ago and almost touch $5 and now again in decline but it was trending in $85 during it's peak henc people think even if it reaches half of it they will have huge gain which is not gonna happen

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Quote from: libert19 on November 09, 2023, 03:16:36 AM

Quote from: gabbie2010 on November 09, 2023, 02:54:33 AM

Quote from: libert19 on November 07, 2023, 09:06:48 PM

Those newbies are right, on Bitcoin not much profit can be expected but with alts much more, they rise when btc rises (no matter how useless they may be, just existence is enough).

However, you are also right, stick to top altcoins and bitcoin. Top altcoins are nice balance between safety and profit, Bitcoin is ofc safer than all.

Some investors would not sticked with the top altcoins because they are also thinking that it's over priced too just like Bitcoin i.e wouldn't print enough profits compared to the under priced ones, however the danger here is investing in some shit altcoins that wouldn't pump during bull run consequently losing a some huge opportunity due to greediness, it had stated here that investing in trusted and credible altcoins is safe and profit will be guaranteed unfortunately many investors are aiming for 100x profit which I believe is unrealistic now compared to the last event when Bitcoin reached ATM, The huge numbers of altcoins in the market also make it difficult to choose the real ones

If one is aiming for 100x alts, those are not found in obvious places like marketcap ranking or on coin tracking sites, you gotta find and dive into those before they even hit these sites.

Also if one wants huge profits safely, they can leverage BTC with sufficient liquidation price, less risk and you won't have to dive into shitcoins for good profit.

The reality is that there is not really any way to obtain those profits without taking huge risks, so whether a person is thinking about investing in shitcoins or about trading bitcoin and use leverage, both methods are very risky, and that is when we need to wonder if it is worth it to do this? A question noobs have a lot of problems to answer as they only see the profits they may generate, purposely ignoring their desired goals are very unlikely to happen, while massive losses can be more easily encountered by them.

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Quote from: kentrolla on November 05, 2023, 04:33:27 AM

I would just like to make everyone cautious about the current situation as it's a period which can make or break you based on your investment strategy. It's all about Altcoin investment and most of the newbie try their luck by investing into Altcoin whenever there are rumours of bull Run and the reason they prefer Altcoin over bitcoin is that they think Bitcoin is already priced higher and it would not get pumped multiple fold any further and they think Altcoin is price priced at single digit or double digit so they can grown thousand folds but that's not the case as it's a common mistake made by newbies as they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Altcoin and calculate it with the price they expect it to reach and think if it's even possible. I would suggest sticking to top Altcoin and Bitcoin.

Please share your opinions on common mistake newbie makes when market trends upward.

You should have mentioned about top altcoins according to you and the reason why you support them. For me, Ethereum will benefit a lot from next bull run. This is because it is being used in a number of projects and has got real time application. There is no hype of fluff associated with this coin. It is based on real case usage.

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Quote from: gabbie2010 on November 09, 2023, 02:54:33 AM

Quote from: libert19 on November 07, 2023, 09:06:48 PM

Those newbies are right, on Bitcoin not much profit can be expected but with alts much more, they rise when btc rises (no matter how useless they may be, just existence is enough).

However, you are also right, stick to top altcoins and bitcoin. Top altcoins are nice balance between safety and profit, Bitcoin is ofc safer than all.

Some investors would not sticked with the top altcoins because they are also thinking that it's over priced too just like Bitcoin i.e wouldn't print enough profits compared to the under priced ones, however the danger here is investing in some shit altcoins that wouldn't pump during bull run consequently losing a some huge opportunity due to greediness, it had stated here that investing in trusted and credible altcoins is safe and profit will be guaranteed unfortunately many investors are aiming for 100x profit which I believe is unrealistic now compared to the last event when Bitcoin reached ATM, The huge numbers of altcoins in the market also make it difficult to choose the real ones

If one is aiming for 100x alts, those are not found in obvious places like marketcap ranking or on coin tracking sites, you gotta find and dive into those before they even hit these sites.

Also if one wants huge profits safely, they can leverage BTC with sufficient liquidation price, less risk and you won't have to dive into shitcoins for good profit.

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Quote from: libert19 on November 07, 2023, 09:06:48 PM

Those newbies are right, on Bitcoin not much profit can be expected but with alts much more, they rise when btc rises (no matter how useless they may be, just existence is enough).

However, you are also right, stick to top altcoins and bitcoin. Top altcoins are nice balance between safety and profit, Bitcoin is ofc safer than all.

Some investors would not sticked with the top altcoins because they are also thinking that it's over priced too just like Bitcoin i.e wouldn't print enough profits compared to the under priced ones, however the danger here is investing in some shit altcoins that wouldn't pump during bull run consequently losing a some huge opportunity due to greediness, it had stated here that investing in trusted and credible altcoins is safe and profit will be guaranteed unfortunately many investors are aiming for 100x profit which I believe is unrealistic now compared to the last event when Bitcoin reached ATM, The huge numbers of altcoins in the market also make it difficult to choose the real ones

Topic: Tricky situation for Altcoin investment - page 2. (Read 597 times)