Topic: What holds you back from investing in Altcoins ? - page 2. (Read 1251 times)

Investing in altcoins right now can be promising because altcoin prices are already at the bottom,
if you don't try to return to altcoins then you will definitely regret it,
this incident is the same as in 2018-2020 when the altcoin dumped up to -90 from ATH.

Even if you take the current situation on the market, now you can take a lot of interesting altcoins with a good discount. Now it is definitely worth to pay attention to Ltc for a week discount - 20% and already this summer there will be halving that in theory can bring a small profit for a good enough period.But also your choice of eth is not bad it is also worth to look at.

of course to get profit, because investing in altcoin can give me a big profits and make me rich, but of course by investing in the right altcoin and myself investing in Ethereum, because I believe Ethereum is the best investment for now or even in the future, because the price of Ethereum will definitely continue to increase and give me profit for long term investment.

Exactly, most new altcoins are very vulnerable to scam projects so don't get involved in the new altcoin hype, but top altcoins have high liquidity even though nothing is close to bitcoin, but focus on investing in top altcoins to avoid the risk of losing assets, always monitor the movement of altcoins from investments you because altcoins are very vulnerable to scammers, so stay focused on ETH and BNB only.

I am very diligent about investing in alt coins. Mostly due to numerous cases of rug pulls, ponzi schemes and all kind of other scams. I think there are still good ones out there but you have to do your own research and be extra careful.

Some investors be hesitant to invest in altcoins by the lack of regulation in the cryptocurrency market makes it difficult to assess the risk of altcoins, high number of scams and rug pulls in the altcoin market makes it difficult to find legitimate projects and the lack of liquidity in the altcoin market makes it difficult to buy and sell altcoins quickly and easily.

If you want to get more profit, I suggest you invest in your favorite altcoin, such as CRO, because in my opinion,
CRO can generate a higher ROI than Bitcoin, the bull market looks like it will make altcoins go crazy and much crazier than in 2021.

The price of Altcoins which tend to be cheaper than bitcoin is one of the factors that made me invest there. However, I prefer stable Altcoins. When the loss falls is not so great, but when bitcoin rises, they will quickly follow.

actually bitcoin determines the price of altcoins, so if the bitcoin market is good many developers release their projects, unless the project is good and fundamentally strong, they don't really pay attention to the situation because they believe they can survive.

I prefer Bitcoin. But when it comes to Altcoins I like BNB and CRO. ETH is still valuable but it has high GAS Fees. I don't see a great adaptation of ETH in the future.
But I still like Bitcoin as my investment asset.

investing in altcoin honestly is rather hard, there are just many ways that our investment could just vanish into thin air, that's why sometimes it always make me hesitant, i think i will only invest if the project is really good.

I agree that we should accumulate more in this bear market because not a lot of people want to invest in the bear market because there is so much FUD spreading in the crypto space. If we have a hard time finding a good altcoin just go for the top altcoins in coinmarketcap it will save our time from researching a new project. But even a top coin in the marketcap is able to become a scam in the end. Don't easily get affected from other people FUD and keep our mind strong.

Its the complete opposite. I personally believe that this is the perfect time to invest in altcoins knowing that their value are still low and there are a lot of hidden gems waiting to be plucked by investors. There are uncertainty of course but we are talking about investing, investing always has a risk. I don't want to be my old me where I'm buying and investing on tokens where it is on or near its all time high. We are in a cycle and I think that I'm doing what successful investors do before. The hard thing to do today is to find the coin we need to invest on.

The reason why many people has not been invest, is because of the Bear market, which is really affect Bitcoin price and Bitcoin is the driving force of cryptocurrency market, which to invest in alt-coins has been a challenge for New investors to come in to cryptocurrency market investment is the challenges crypto is facing today, but sooner, cryptocurrency market we explore the world.

I can provide you with some general factors that individuals might consider when deciding whether to invest in altcoins or not. Here are a few considerations that might hold someone back from investing in altcoins:

Volatility and Risk: Altcoins can be highly volatile and unpredictable, with their prices subject to large fluctuations. Investing in altcoins carries a higher risk compared to more established cryptocurrencies like Bitcoin or Ethereum.

Lack of Regulation: Altcoins are often not as regulated as traditional financial assets, which can expose investors to potential scams, fraud, or market manipulation. The lack of regulatory oversight can make it difficult to assess the credibility and security of altcoin projects.

Liquidity and Marketability: Smaller altcoins may have lower trading volumes and liquidity compared to larger cryptocurrencies. This can make it more difficult to buy or sell altcoins at desired prices, and it may result in higher transaction costs.

Lack of Information and Research: Altcoins often have less available information and research compared to more established cryptocurrencies. Due diligence becomes crucial when evaluating altcoin projects, as it can be challenging to find reliable sources of information and assess their fundamental value.

These factors highlight some of the considerations that investors may take into account when deciding whether or not to invest in altcoins. It's essential to conduct thorough research, understand the risks involved, and consider your own financial goals and risk tolerance before making any investment decisions.

There are good alts but most of them aren't really good. You can see those actually good ones and have real use cases. While many of them don't have that type of feature because they're just there to make money and that's through their investors.

Hmmm, I'm not sure with that and it's just the first time to hear that token. But if you think that you're good with it then invest however, the obvious here is that you really are supporting and shilling it.

Some alts have good fundamentals that are always good to bet on and of course the potential return on investment there's also the utility angle. I consider utility more important in altcoins and it's the reason I'm keeping up with Weaver Labs' ADE token which will released this Q2. It will power the an ecosystem of open and shared telecom assets.

Yup, exactly! Those words that have said above are just example of a person who doesn't really know what to do in this types of situation where the market is being challenged heavily and FUD's are pouncing almost every week. But we must not forget that the market may not be stable as of now but sooner or later, as always, the storm will pass and it will again shed light to all of us who worked hard during the bear season and had the patience to hold and trust their chosen coins. What we have to do now is to choose carefully which coin will give us profits in the future and we should take advantage of the price because when the bull comes, these prices will not come cheap anymore.

Their existence itself is not known for long term so anyone to invest on an altcoin for long term should take that leap of faith by ready to lose their money but that's not the case with bitcoin since its existence it is performing well so it reached the state that it won't go down anymore unless there is no potential for cryptocurrency anymore.

All of the Altcoins cannot be equated, because there are some Altcoins whose values are very good and decent, maybe the Altcoins that you say are not promising are not very good Atlcoins like Meme and Shitcoin. now there is nothing wrong with investing in Altcoins and the choice is Ethereum or not Bnb. besides predicting this stable price no one can provide accurate information, and basically no one can predict it.