Why are investors so sceptical about Altcoins? - page 2.

errorcode99

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Quote from: Ojima-ojo on February 25, 2023, 09:15:38 AM

I am not an altcoin fan but lately, I have spent some time on the alternative cryptocurrency board and I have seen a lot of topics bordering around whether or not to buy some coins and this makes me wonder why altcoins investors are full of uncertainty and always wanting to know the opinion of others before they invest.

Is there any other reason for this other that the high risk and high volatility of altcoins compared to bitcoin?

Are they asking because they know there are special skills in altcoin analyses or some people are good at picking g g the right coin to invest in?

I have seen several investors who lost hope in altcoins because of their personal experience, after investing in a potential altcoin with all the indicators showing a profit for them finally crashing. Some of what I can learn from other people's experiences with Altcoins. The Altcoin market is too big and for me that is the problem, I advise investors to limit themselves to Altcoins which have a good market record.

kak uli

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some investors seek other people's opinions just because they don't want to get caught up in the investment they will make in altcoins. but there are also some investors who already know their investment plans so they dare to take an attitude of investing in altcoins.
why are investors so skeptical in looking at altcoins?, because there are some altcoins that are controlled so that price manipulation will occur and there will be games in the altcoins invested. I think it's just because of that that investors view Altcoins skeptically

Bay_Harbour_Butcher

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many investors still don't fully entrust their money in altcoins, maybe there are but not many, this is because altcoins prices still depend on bitcoin prices, and of course the risk of altcoins is higher than bitcoin, altcoins prices are also more volatile

mulia sabee

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maybe because of thinking about the magnitude of the risk compared to the benefits obtained, so that investors think skeptically about altcoins. after all because of the huge difference between bitcoin and altcoins. if investing in bitcoin then what investors think is profit even in the long term. maybe they investors will think otherwise if investing in altcoins

VRExpress

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I invested in an altcoin that has something to do with CBDC and I later found out that it is a big scam, sometimes even if you are good at doing research there is still a possibility that you will fall for a scam project, if I had just held this altcoin and I don't track their progress I wouldn't have that its a scam project. As an altcoin investor, this is what you must do investing in new altcoins, always track the project updates.

Botnake

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Quote from: kevindjunaidi on March 26, 2023, 05:50:17 PM

Quote from: Pierre 2 on February 28, 2023, 04:29:53 AM

Its because most of altcoins (hundreds of them) are really exactly filled with uncertainties. Whenever I look through websites of new altcoins I can find dozens of red flags. Coin distribution maths are generally very bad and sometimes look intentional so developers can get rich over investors. Sometimes whitepaper are very messy and amateurish. Only top 10-20 maybe 30 altcoins feel safe to invest.

yes, you are right, because many altcoin that have sprung up at this time just want to steal investors money (although not all of them), but we must still be careful if we want to invest in altcoin, because if we choose the wrong altcoin then of course our money will be lost, but if we choose the right altcoin, then of course our money will increase very much (get a lot of profit).

Just look at altcoin's name itself and what it suggests, it means that these coins under the name altcoin are just an alternative of bitcoin.

That alone we can differentiate why investors are highly skeptical about altcoins compared to bitcoin. Of course, volatility is always there but the certainty that the selected coins will prosper is much lower in this bracket and as you guys have said, many coins nowadays that has almost no utility at all are existing in the market which again bring uncertainty to the investors. And that brings us back to the basic, we needed to have a thorough research and study if we're indeed looking forward in investing altcoins.

S3300

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In every bear market, altcoins go down in value more than Bitcoin, some projects appear genuine, but turn out to be scams, causing investors to lose money, making investors lose trust in altcoins. It's alright for investors to feel skeptical about altcoins because it's too risky but more profitable to deal with altcoins.

carrie_white

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many investors are skeptical about altcoins which have become commonplace since many investors have experienced losses due to crypto, of course they want to choose the best coin according to them to invest, because everyone definitely wants to avoid losses and get profits from the coins they invest

pawanjain

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For the most part, investors are skeptical about altcoins because there are thousands of altcoins to choose from.
Nobody wants their investment to go in losses which is why they are always confused as to which coin to invest in.
Bitcoin is definitely a good investment option but many times altcoins give bigger gains than bitcoin.
Everybody wants to get bigger gains and so they are always in the process of chosing the right altcoin which will give them massive gains.

cafee_orange

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Quote from: Ojima-ojo on February 25, 2023, 09:15:38 AM

I am not an altcoin fan but lately, I have spent some time on the alternative cryptocurrency board and I have seen a lot of topics bordering around whether or not to buy some coins and this makes me wonder why altcoins investors are full of uncertainty and always wanting to know the opinion of others before they invest.

Is there any other reason for this other that the high risk and high volatility of altcoins compared to bitcoin?

Are they asking because they know there are special skills in altcoin analyses or some people are good at picking g g the right coin to invest in?

I think investors are not skeptical of altcoins, the purpose of them wanting to listen to opinions from other people is because they also don't want to get stuck in altcoin junk, investors will be more observant in terms of their investments, most of them don't want short term investments.
while investing in altcoins most of the profit earned is usually in the short term, if it doesn't grow then it allows the altcoin to die.
but I have noticed that many investors are more enthusiastic about investing in Bitcoin

Teraboy

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Altcoin is basically is a way for people to gamble. What you are saying above was not actually true., It can be seen from so many demands to invest in the legit tokens in the market. Bitcoin is also high risk and high volatility and what's the difference? what you are saying have no reason at all. Some projects were able to get funding almost a half of billions and can you call it if investors are skeptical to the altcoins? so many people are also receiving good money from altcoins.

samcoin

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Quote from: abel1337 on March 26, 2023, 06:06:30 PM

A project will rise if they are still currently developing or has a product that are active and currently service it's utility, I don't think there is a low chance that devs will try to run and abandon their project development in a bear market where their project didn't reached it full potential though this only is applicable to those project who has gathered the community trust and is being anticipated for. Remember that no one will buy a dead/abandoned/project that has no project updates unless the investor is a Degen. No buyer means there are no chance of it rising up even it's a bull market.

I think it's a common sense that choosing a wrong altcoin will lead you in losing your money lol.

I don't like how most people call all altcoins together a scam. There have been thousands of scam projects throughout the history of crypto. In opposition, in the last few years, some sort of real projects that aim to build something useful and facilitate the usage of crypto in many sectors have started to appear. Indeed, we can't deny that some altcoins were exceptional investments and yielded high profit for their investors, while they were building and developing at the same time. However, there are many tools that enable any investor to check some metrics that could refer to the worthiness of the project, like the development activity, circulation supply, etc...
In my opinion, altcoins are a need for the market, and there will always be good investment opportunities in them.

abel1337

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Quote from: kevindjunaidi on March 26, 2023, 05:50:17 PM

Quote from: Pierre 2 on February 28, 2023, 04:29:53 AM

Its because most of altcoins (hundreds of them) are really exactly filled with uncertainties. Whenever I look through websites of new altcoins I can find dozens of red flags. Coin distribution maths are generally very bad and sometimes look intentional so developers can get rich over investors. Sometimes whitepaper are very messy and amateurish. Only top 10-20 maybe 30 altcoins feel safe to invest.

yes, you are right, because many altcoin that have sprung up at this time just want to steal investors money (although not all of them), but we must still be careful if we want to invest in altcoin, because if we choose the wrong altcoin then of course our money will be lost, but if we choose the right altcoin, then of course our money will increase very much (get a lot of profit).

A project will rise if they are still currently developing or has a product that are active and currently service it's utility, I don't think there is a low chance that devs will try to run and abandon their project development in a bear market where their project didn't reached it full potential though this only is applicable to those project who has gathered the community trust and is being anticipated for. Remember that no one will buy a dead/abandoned/project that has no project updates unless the investor is a Degen. No buyer means there are no chance of it rising up even it's a bull market.

I think it's a common sense that choosing a wrong altcoin will lead you in losing your money lol.

kevindjunaidi

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Quote from: Pierre 2 on February 28, 2023, 04:29:53 AM

Its because most of altcoins (hundreds of them) are really exactly filled with uncertainties. Whenever I look through websites of new altcoins I can find dozens of red flags. Coin distribution maths are generally very bad and sometimes look intentional so developers can get rich over investors. Sometimes whitepaper are very messy and amateurish. Only top 10-20 maybe 30 altcoins feel safe to invest.

yes, you are right, because many altcoin that have sprung up at this time just want to steal investors money (although not all of them), but we must still be careful if we want to invest in altcoin, because if we choose the wrong altcoin then of course our money will be lost, but if we choose the right altcoin, then of course our money will increase very much (get a lot of profit).

fzkto

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Quote from: sulendra12 on March 23, 2023, 07:08:49 PM

You need to choose between thousand of coins out there unlike Bitcoin which is just the only one. Even then you have made your picks before, you need to analyse first with your preferred indicators and strategies so you don't make any flops.

It's not that easy to choose which coins to choose and when to invest. That's why so many thread in here covering about this type of topic.

It seems to me that the time to buy altcoins is the same as the time to buy bitcoin. The choice of coins is indeed difficult, but there are already proven coins that have repeatedly recovered from bear markets. Such coins, like bitcoin, are guaranteed to yield profits if you are patient.

DaleyEdster

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Quote from: Minecache on February 25, 2023, 09:39:49 AM

Quote from: Beparanf on February 25, 2023, 09:22:13 AM

... I believe the reason behind why most people suggest to invest only on Bitcoin here is because this is Bitcointalk and people preferred Bitcoin due to its feature.

Maybe this is the reason, since we are in bitcointalk and most people here just like bitcoin, they are bitcoinists, so we won't see too much altcoins advice here. Honestly, I've joined a few local investment groups on social media, and I've found that most of the people invest mainly in altcoins. Very few people invest in bitcoin because they think altcoins will make them rich faster than bitcoin. And they are all willing to take the risk to invest in altcoins, and during the bull season of 2021, many people got rich quickly by investing in memes, altcoins.

Hey. Can I ask what local investment groups they are on social media?

I've just set up a crypto crowdfunding type project called Crypto Dragon's Den so would be good to mix on those kind of circles.

bitkanu

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Quote from: sulendra12 on March 23, 2023, 07:08:49 PM

You need to choose between thousand of coins out there unlike Bitcoin which is just the only one. Even then you have made your picks before, you need to analyse first with your preferred indicators and strategies so you don't make any flops.

It's not that easy to choose which coins to choose and when to invest. That's why so many thread in here covering about this type of topic.

true it's always harder choosing new coins since there is not that much information regarding them, moreover these new coins are more likely to fail than to succeed, only very few could succeed in the future, so of course skepticism is very normal in choosing altcoins generally, because it's like finding needle in a haystack which is quite difficult honestly.

sulendra12

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You need to choose between thousand of coins out there unlike Bitcoin which is just the only one. Even then you have made your picks before, you need to analyse first with your preferred indicators and strategies so you don't make any flops.

It's not that easy to choose which coins to choose and when to invest. That's why so many thread in here covering about this type of topic.

tygeade

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Quote from: nicolas1979 on March 20, 2023, 01:27:16 PM

Quote from: Xampeuu on March 14, 2023, 10:22:19 PM

there are so many altcoins listed on the exchange and of course it is difficult for us to analyze them one by one, but we can choose altcoin investments at the top at coinmarketcap, among them there are many altcoins that have been around for a long time and still exist today, and have healthy movements , in the sense of keeping abreast of the movement of bitcoin as the mother of all coins. let's just take the example of eth, bnb, matic, all three besides being safe to invest, will most likely provide better profits

Of course there's nothing wrong with what you're doing. You choose to invest in Altcoins that have clear potential for the future without wanting to take risks with other altcoins. I think it's the most appropriate method if we are hesitant to partake on unpopular altcoins.

The thing is that people who know what they are doing and sure about it could also be wrong and that would hurt them a lot. I personally believe that this strategy is one that could work, I believe that he is doing the right thing and that's my opinion, you think the same way and they thought the same way as well, so we all agree, but lets not forget that we could all be wrong as well.

There will be plenty of people who will only own bitcoin, and there will be plenty of people who will own some low cap high risk coins and make profit that way too, we wouldn't know which one would be the best, we just do what we think could bring us the most money and sometimes we are right, sometimes we are wrong.

nicolas1979

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Quote from: Xampeuu on March 14, 2023, 10:22:19 PM

Quote from: nicolas1979 on March 14, 2023, 06:35:25 PM

Quote from: Ojima-ojo on February 25, 2023, 09:15:38 AM

I am not an altcoin fan but lately, I have spent some time on the alternative cryptocurrency board and I have seen a lot of topics bordering around whether or not to buy some coins and this makes me wonder why altcoins investors are full of uncertainty and always wanting to know the opinion of others before they invest.

Is there any other reason for this other that the high risk and high volatility of altcoins compared to bitcoin?

Are they asking because they know there are special skills in altcoin analyses or some people are good at picking g g the right coin to invest in?

If we don't need other people's opinions to invest, of course we don't need to be here, because here is only a place to exchange opinions. Meanwhile, investments can only be made on the official exchange or platform that launched the coin. When someone asks it doesn't mean they don't know or don't have their own analysis. But they hope to get additional information both positive and negative. There are hundreds if not thousands of cryptos on the exchange, I'm sure you only saw a few of them, and you must have missed a lot. When you ask questions in this forum, and re-read what they have said one by one, of course you will get an interesting part for you.

there are so many altcoins listed on the exchange and of course it is difficult for us to analyze them one by one, but we can choose altcoin investments at the top at coinmarketcap, among them there are many altcoins that have been around for a long time and still exist today, and have healthy movements , in the sense of keeping abreast of the movement of bitcoin as the mother of all coins. let's just take the example of eth, bnb, matic, all three besides being safe to invest, will most likely provide better profits

Of course there's nothing wrong with what you're doing. You choose to invest in Altcoins that have clear potential for the future without wanting to take risks with other altcoins. I think it's the most appropriate method if we are hesitant to partake on unpopular altcoins.

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