Topic: why altcoin is a bad investing? (Read 3935 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
having altcoin as investing is not a bad idea because every altcoin we have, there is a chance to increase high so if we are invest our bitcoin in altcoin, then in future we can make big profit. like what we see in ethereum, litecoin, dash, btcd, and else. those coin is not to expensive in last year or at least in 6 months ago but now, the price is increase so if we have that coin, we can sell it to make profit.
I think altcoins are a good way to trade and get some profit. Just that
I think not all, there is a very profitable coin, since a year I save ethereum, byteball, litecoin and 5 months ago I joined ICO edgeless and save until now, almost all the coins price skyrocketed.
Hi everyone prefers bitcoin and litecoin. i am curious to know why altcoin is a bad investing?
I don't think altcoin is a bad investing. Some of them have lots of potential , such as ETH, Ripple, Nem,Dash.But we can invest in bitcoin for long term .
It is not a bad investment.
Problem is we got used to making long investment which the banks offers. We got no choice before but to keep our money in them which we dont know they are the one who is gaining a lot of profit.
Here now with crypto-currencies, you could control it and you can somehow be the manager of your own funds.
You decide, and for me that is good although sometimes you will make bad decisions.
Still there is no regret with that. Try short-term investments with altcoins maybe it could work out with you.
Problem is we got used to making long investment which the banks offers. We got no choice before but to keep our money in them which we dont know they are the one who is gaining a lot of profit.
Here now with crypto-currencies, you could control it and you can somehow be the manager of your own funds.
You decide, and for me that is good although sometimes you will make bad decisions.
Still there is no regret with that. Try short-term investments with altcoins maybe it could work out with you.
Maybe some altcoins is just for $$, not all altcoin is bad , there are too young right now , give them a few year and check back again, profit !
Not all altcoins are shit or junk coins but most of them look like not worth to buy. So before buying any of these altcoins should understand what is the use of these altcoins in the future and who is behind the development. If you like it then just buy such cheap coins and come back after a couple of years to see how much it has grown. If you buy good coins now then surely you will make a lot of profit in next one to two years time.
Maybe some altcoins is just for $$, not all altcoin is bad , there are too young right now , give them a few year and check back again, profit !
Not all altcoins are shit or junk coins but most of them look like not worth to buy. So before buying any of these altcoins should understand what is the use of these altcoins in the future and who is behind the development. If you like it then just buy such cheap coins and come back after a couple of years to see how much it has grown. If you buy good coins now then surely you will make a lot of profit in next one to two years time.
because it is not a bad investment!
altcoins are the best investment if you don't get caught up in the hype. but if you are one of those people who are easily influenced by some random person telling then lies then you will lose money and it becomes a bad investment for you!
in fact a big part of my bitcoin holding is because of investing in altcoins and dumping them at the right time.
There's people that made a bunch of money through Altcoins. There was a guy not that long ago that made over a million dollars by holding his Ethereum.altcoins are the best investment if you don't get caught up in the hype. but if you are one of those people who are easily influenced by some random person telling then lies then you will lose money and it becomes a bad investment for you!
in fact a big part of my bitcoin holding is because of investing in altcoins and dumping them at the right time.
Investing in Bitcoin is one thing but if you know how to tell what coin is a real coin with a positive influence within the cryptocurrency community then you could make a bunch of money through altcoin trading. I would recommend it to only a few people.
Maybe some altcoins is just for $$, not all altcoin is bad , there are too young right now , give them a few year and check back again, profit !
Of course, bitcoin is now in the first place, all other currencies go to the background.
What do you think about altcoin? Who told you that?
Altcoin is the great project for the economy in the future. The current ICO project was launched to cater for the needs of the people by way of raising funds for development projects. Only the fraudulent project is bad.
Altcoin is the great project for the economy in the future. The current ICO project was launched to cater for the needs of the people by way of raising funds for development projects. Only the fraudulent project is bad.
Hi everyone prefers bitcoin and litecoin. i am curious to know why altcoin is a bad investing?
And who says altcoin investments are bad? That is not right for me. Well, bitcoin is always a good investment as it is surely going up. But altcoins are also another source of profit when their prices go up.
Not all altcoins of course. Some are kind of dying. But alternate cryptocurrencies include the litecoin that you mentioned. Litecoin is doing perfectly well. There are several others who are prospects in terms of money making investments.
I think all of the coins have a tendency to be a "shitcoin", it depends on the developers if they'd pull out and would just disappear out of nowhere and be contented of the amount they got from the coinmarket so yeah you are right, altcoins are bad when it comes to investment but that's the irony of it too we still invest on them even if we know that's a possibility because we all are hoping to get rich out of the altcoins we are investing.
Hi everyone prefers bitcoin and litecoin. i am curious to know why altcoin is a bad investing?
For me i dont think if altcoin is a bad investment take a look at the eth before the price is too low and a year after look at the price of this token is 1 of the most successful token in altcoin industry actualy a lot of coin and token also altcoin was very successful example like golem nem xrp and str
because there are no actual implementation, the price only based on the trading, so once people already bored with it then they will dump the coin and move to another coin, that is why once shitcoin going down it will be hard to going up again, and then some of the coin being created to make the owner rich after the owner feel enough then the owner will abandoned the coin and create another new coin
It's not the point if you only know how efficiently trading is , Altcoin price depends on the demand supply and its projects and it is normal that an altcoin have a fluctuation or pump and dump .Those altcoins you said is a bad investment if you don't know how to trade you can say that it is not good to invest in altcoins which is reversly to the Traders who knows how to play in trading of altcoins.Not all altcoins are bad investments. It's all about doing your own research and considering coins that you think have a real world purpose.
For example:
Golem - Trying to be a worldwide supercomputer. This could benefit multiple industries, so in my opinion, it will increase in value as the demand grows and new releases come out.
Stratis - Blockchain built on .NET technologies. Will be very popular among Microsoft developers after release.
Lisk - Blockchain built on Javascript. Will be popular among NodeJS developers after its Q4 2017 release.
The whole altcoin market is about finding coins/tokens that you think have a future.
For example:
Golem - Trying to be a worldwide supercomputer. This could benefit multiple industries, so in my opinion, it will increase in value as the demand grows and new releases come out.
Stratis - Blockchain built on .NET technologies. Will be very popular among Microsoft developers after release.
Lisk - Blockchain built on Javascript. Will be popular among NodeJS developers after its Q4 2017 release.
The whole altcoin market is about finding coins/tokens that you think have a future.
I will have to agree with this.
It is not just about going with the famous one or those who can get a lot of people to advertise it.
Altcoin is way different. The features about it is the key if it can run for many years and also the developers.
What are the purposes for creating it. If you think it is for long-term then you might want to leave the coins until it is all settled and might come in handy in the future.
Not all altcoins are bad investments. It's all about doing your own research and considering coins that you think have a real world purpose.
For example:
Golem - Trying to be a worldwide supercomputer. This could benefit multiple industries, so in my opinion, it will increase in value as the demand grows and new releases come out.
Stratis - Blockchain built on .NET technologies. Will be very popular among Microsoft developers after release.
Lisk - Blockchain built on Javascript. Will be popular among NodeJS developers after its Q4 2017 release.
The whole altcoin market is about finding coins/tokens that you think have a future.
For example:
Golem - Trying to be a worldwide supercomputer. This could benefit multiple industries, so in my opinion, it will increase in value as the demand grows and new releases come out.
Stratis - Blockchain built on .NET technologies. Will be very popular among Microsoft developers after release.
Lisk - Blockchain built on Javascript. Will be popular among NodeJS developers after its Q4 2017 release.
The whole altcoin market is about finding coins/tokens that you think have a future.
because there are no actual implementation, the price only based on the trading, so once people already bored with it then they will dump the coin and move to another coin, that is why once shitcoin going down it will be hard to going up again, and then some of the coin being created to make the owner rich after the owner feel enough then the owner will abandoned the coin and create another new coin
Don't expect to much of that situations to be negative always with the outcome, because that shitcoins you are mentioning can be a big boom in thr future. Who knows? And most of it really happens, like an example of a product like having cheap selling price but in the future it gathered more demand from buyer because of it's good quality. That's how I view shit coin really is, and we can't really judge while it's still on the process of penetrations to crypto currency market.
because there are no actual implementation, the price only based on the trading, so once people already bored with it then they will dump the coin and move to another coin, that is why once shitcoin going down it will be hard to going up again, and then some of the coin being created to make the owner rich after the owner feel enough then the owner will abandoned the coin and create another new coin
Hi everyone prefers bitcoin and litecoin. i am curious to know why altcoin is a bad investing?
Why? because most of them are usually scams. The call it either scamcoin or shitcoin. So you be better watch out those type of coins and do a research whenever you want to invest in an altcoin. They are very few and usually they are on top of the marketcap.
Jump to: