Tricky situation for Altcoin investment - page 4.

AakZaki

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Quote from: Publictalk792 on November 06, 2023, 08:07:08 AM

I agree with your point about the potential risks involved in investment strategies. For newcomers to the market to be aware of the common mistakes that can they especially during a bull run.
The misconception that altcoins have more potential for massive gains compared to bitcoin due to their lower price is another mistake. Bitcoin is Bitcoin and there is no altcoin which can beat Bitcoin.
New investors must have knowledge about the market and about us volatility.

Altcoins are only the second investment after Bitcoin because Bitcoin will provide better and more reliable returns in the long term. However, some altcoins also provide profits that are no less than Bitcoin, such as Ethereum, which will follow Bitcoin's development. No matter how difficult the situation is for altcoins, of course there will be top altcoins that can still be chosen as long-term investments. I still hold Some potential altcoins that will provide profits when the market reaches maximum bullishness.

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

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.

Yeah, Total supply is the most important part to consider valuation of the altcoin. Trader needs to check this carefully since most of the ATH always occur when the circulating supply of the altcoins is low. Assuming that the altcoin will reach the same ATH on bullrun while there’s big difference already on total supply is a big mistake.

There’s an exception to this when the project show a promising feature that makes investors value it more than the typical price to supply ratio. Doge is the best example on this case since it has unlimited supply yet it’s price is same with other altcoins that has lower supply.

Publictalk792

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I agree with your point about the potential risks involved in investment strategies. For newcomers to the market to be aware of the common mistakes that can they especially during a bull run.
The misconception that altcoins have more potential for massive gains compared to bitcoin due to their lower price is another mistake. Bitcoin is Bitcoin and there is no altcoin which can beat Bitcoin.
New investors must have knowledge about the market and about us volatility.

Kelvinid

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What makes people lose from investing in altcoin is their wrong aproach and investment strategy because most of the inexperienced investors think that buying cheap coins will make them rich when the bull season comes which is not true. Indeed, these scammers will never survive if we are all not too blind to see how they fool us. The results of our investment whether it was Bitcoin or altcoins matter on how we manage them and of course, in choosing the coins. We must stop following influencers on social media because they are the ones who spread false information in this way, we avoid falling into the wrong investment.

rodskee

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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.

They were being tricked because of their own desire, understanding and their attitude because those are the factor
why people mostly ending up being a loser, factors like this comes from ..

.. How they were being lured inside crypto and who are their mentors.

.. Why they are investing here(to become rich or to trust crypto)

.. Which Coin they are trusting .

All of these are sometimes the reason why people are turning loser than gainer .

savetheFORUM

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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.

The most common and prominent mistake that newbies make is getting into the market without gaining enough knowledge and doing enough research about the market and cryptocurrencies in general, and this is the reason why they tend to do such things. A person who knows everything, the risks, the rewards, which coins are best for investments, and which ones aren't, which coins should be bought for the long term and which ones for the short term, would never make such mistakes in the first place.

So, the very first thing one needs to do before one decides to enter a financial market is to do proper research and gain the necessary knowledge regarding the market and the products they are going to be trading before one gets involved financially so that they don't make reckless decisions and lose money.

danherbias07

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They always want the quick rich strategy and I think that is the wrong POV in this era.
Most new investors forget that profit is still profit whatever happens. If Bitcoin is doubled in value then our money is doubled too. Simple as that. even if we buy just $1 worth of Bitcoin and make it to $2 then it's still profit without even wasting any sweat.
It's not easy to find gems in the altcoin market today, most of them are either a scam or simply developers with evil minds who are trying to take advantage of those who don't know much about cryptocurrencies. The innocents.
I think threads with warnings like this are important but sometimes it's tiring to keep on telling it if we can still see a lot of investors making mistakes over and over again.
I agree, stick with Bitcoin or the top altcoins, don't waste too much time with coins and projects that have no assurance on where it will go.
Use only spare time, effort, and money to them but it should not be a big part of our investment.

TelolettOm

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Quote from: Yamifoud on November 05, 2023, 05:49:29 PM

We all have to understand that investing in altcoins is riskier than investing in Bitcoin but most newbies fall into altcoins because of false information and promises by these scammers folding their money many times.

Many newbies really believe in these two things, false information and promises, which are packaged in something that is hype, which will definitely attract the attention of newbies to put their money. With the hope that their money will increase many times by investing it in these altcoins. As promised by the team from the shit project. But unfortunately, all of this is not based on adequate knowledge and insight, so they are very easily deceived by scammers with various sweet promises. And this keeps repeating itself, never ending, they even trust the scammers more than Bitcoin, just because there is a lot of bad news about Bitcoin. This is funny, isn't it?

Yamifoud

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We all have to understand that investing in altcoins is riskier than investing in Bitcoin but most newbies fall into altcoins because of false information and promises by these scammers folding their money many times. Perhaps, it was really tempting and those who are greedy will certainly jump into it assuming that it was true but too unfortunate that after a few days of buying, the projects turned to scams and developers became inactive.

Altcoins are cheap --which is another reason why many investors choose it instead of Bitcoin. Yet they never know the possible end of their investment.

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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

Don't rely on luck when investing, because this is an investment, not gambling. If we only rely on luck, then we won't really know how much our investment here is worth. In this case, even if we want to invest in alctoins, carry out a detailed analysis and understand the risks. Not all alactoins can rise and increase drastically during the next bullish era. Not all altcoins can survive this bearish era. So, choose altcoins that really have high value and market cap. Not new altcoins that only promote hype to rise. This will fail more often.

Moreover, I'm still amazed at the people who prefer altcoins over Bitcoin for investment. Is it because they think Bitcoin is more expensive? Or because they think it is more dangerous? or is it more difficult? Hmm, this is strange

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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.

Well, people that do this, I had always judged them wrongly but one day I asked a friend of mine why he loves investment in low cap altcoins or shitcoins as the case may be. I tried telling him how much risk he was taking but he was calm to explain some things to me.

He said, if 100% of my portfolio is bitcoin that I am not a risk taker and I am also not enjoying the cryptocurrency market. He said that the industry is full of exploits and risk taking, there is no need to sit back and hold only BTC. He said his portfolio is about 50% BTC and he gambles with the other 50% and split them among many lower priced altcoins. Well, he mentioned so many things that made me say, everyone with what they think will work for them.

Silberman

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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.

Things would not be so bad if at least those people did their due diligence and invested in some altcoins that have actual developers that care about their project and that want to create something new for this market, but they invest in all kind of ridiculous coins thinking they can strike gold by investing in the first shitcoin they come across, and such a thing is impossible, but since they can always point out to someone that did the same and obtained great results then they assume the same can be true for them, even if the odds of that happening are incredibly low.

Sophokles

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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.

Newbie book profits are too early in the bull market. We have been through a prolonged bear market for more than two years. After all this waiting we are expecting a good ROI from our investment and that is not only 2X. What newbies do is start booking profit as soon as their investment hits 2X in return out of fear that it will start dumping again. But a proper alt-season project gives 5X to 10X easily.

Gozie51

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Quote from: Mame89 on November 05, 2023, 04:08:15 PM

Because investing in altcoins requires time and a lot of flying hours, without extensive knowledge about altcoins you will experience losses. The point is to be patient, disciplined and money management because altcoins are difficult to recover, many people who buy altcoins experience losses. .

The point about altcoins is not even about having patient because if it is a shit coin then the patience is in vain. Bitcoin is the one that such patience is worth it but for altcoins that you are not sure to recover then being patient will be fruitless. Many investors like buying cheap coins and at the end they hardly recover what amount they invested after patience. If at all there is going to be recovery for top altcoins, there recovery speed is not same as btc.

Mame89

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Quote from: Gozie51 on November 05, 2023, 02:20:49 PM

Although no altcoins has gone pass the price of bitcoin and I don't think that is going to happen anytime soon. But if you invest rightly on altcoins you might ripe the benefit bountifully especially this season that halving is expected.

There are top altcoins that increase in price just almost as bitcoin is increasing, this has happened last halving and will happen again this time only for an investor to identify those good for long and short time hodl. What may be dangerous is to keep hodling an altcoins that has no utility because as soon as bull season is over, they won't recover again. However bitcoin still remains the best crypto investment because it keeps appreciating in value beyond the previous ATH.

I even dare to say that altcoins will never compete with the price of bitcoin, bitcoin will still be top 1 because bitcoin is the first crypto and it is impossible to compete with bitcoin. And it is true that there are top atlcoins whose increase follows bitcoin and this can be used to make profits from these altcoins but the priority is still on bitcoin.

Because investing in altcoins requires time and a lot of flying hours, without extensive knowledge about altcoins you will experience losses. The point is to be patient, disciplined and money management because altcoins are difficult to recover, many people who buy altcoins experience losses. .

irfan_pak10

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It is indeed best choice to invest in top few, but if one to take risk and have a lot of money, then sometime alts give better ROI after the BTC pump.

passwordnow

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I am on the same page that it's better to own Bitcoin and have more shares on your portfolio with it than altcoins. But I can't also deny that I have seen people that have focused with altcoins and made more profits through their crypto investing journey and that can't be removed to them and that's mainly the reason why they're investing in altcoins only and looking for some gem as they say to invest again at the start.

But if they've been long on this game, they will notice that many altcoins are dying every cycle that we are with. And for that reason, they need to at least consolidate their profits into Bitcoin so that if they are ever decided to stay on this market for a very long time, that's what they're going to have looking at the market with assurance that it won't be outdated and will still have the liquidity that it always has been.

And soon, it may be bigger when the institutions are finally in and with the ETFs being done. That will drive the market for Bitcoin bigger and will also contribute to the altcoins market just as it has always been. But the alt folks won't recognize what Bitcoin has done for it every time they see a cycle and bull season.

bangjoe

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Quote from: cryptoaddictchie on November 05, 2023, 11:44:45 AM

Have a point! So making sure that if you buy an altcoin you could see the possibility of reaching its potential marketcap and upside chance. Well even though its low mcap it doesnt mean it will reach to other level. Of course that depend on the quality of that altcoin in orurder to enjoy the bull run. But if its not the right pick then likely youll just burn your money.

Speaking of quality, it is indeed an important thing to invest in altcoins, but have you ever noticed something that always happens in altcoin investments that always attract attention, such as many shil coins that are always traded to have a high increase in market capitalization with a very fast time count. In my view, it does not have the quality of shiba, floki, pepe, but it gets good enthusiasm from buyers, which can even provide much higher profits than coins that have real quality and utility in the project. Sometimes this confuses me. Grin

Quote from: Bananington on November 05, 2023, 03:11:59 PM

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

I would suggest sticking to top Altcoin and Bitcoin.

Yes, it is always risky to try new altcoins mostly when you are a newbie to investing, and don't know how to make good research yet. You should depend on the recommendation of others to invest to the top altcoins if you must invest in Altcoins, and not just try every altcoin you come across. You can benefit from investing in new altcoins, but the chances are very small.

If you are a beginner, it is better to invest in bitcoin and learn how to make transactions and storage correctly and safely so as not to lose, like many people out there, the top altcoins are indeed quite good, but you need to pay attention to the development of the ecosystem community activity also needs to be a matter of concern for altcoins so that you do not fall into the trap.

Bananington

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

I would suggest sticking to top Altcoin and Bitcoin.

Yes, it is always risky to try new altcoins mostly when you are a newbie to investing, and don't know how to make good research yet. You should depend on the recommendation of others to invest to the top altcoins if you must invest in Altcoins, and not just try every altcoin you come across. You can benefit from investing in new altcoins, but the chances are very small.

Gozie51

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Quote from: btc78 on November 05, 2023, 07:24:20 AM

have seen newbies regretting not buying btc earlier at a lower price and are now finding for newly launched altcoins that could potentially be the next btc or even better than btc

they need to understand that a lot of these projects don’t reach the value they expect and that these new altcoins can’t just surpass btc like that in a snap

Although no altcoins has gone pass the price of bitcoin and I don't think that is going to happen anytime soon. But if you invest rightly on altcoins you might ripe the benefit bountifully especially this season that halving is expected.

There are top altcoins that increase in price just almost as bitcoin is increasing, this has happened last halving and will happen again this time only for an investor to identify those good for long and short time hodl. What may be dangerous is to keep hodling an altcoins that has no utility because as soon as bull season is over, they won't recover again. However bitcoin still remains the best crypto investment because it keeps appreciating in value beyond the previous ATH.

Topic: Tricky situation for Altcoin investment - page 4. (Read 597 times)