Why are investors so sceptical about Altcoins? - page 3.

so98nn

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Quote from: LastKiss on March 10, 2023, 05:01:50 AM

Since Altcoins are really volatile that make the investor feel afraid, doubtful, and uncertain easily. But many people choose altcoins because they believe they can earn a lot of profit from investing there rather than Bitcoin it's not that very volatile if we compare it to Bitcoin although we know that crypto is really volatile.

You mean not volatile as compared to Altcoins?

Anyways, whether it is bitcoin or altcoins they are pretty volatile and that’s not the valid point while choosing the assets for trading. What matters is holy good volume to fulfill the quick orders. Every pro trader know very well they want volume to perfect and all the time those buy and sell tickers working around the clock. That’s all. Know why? Well for a pro trade that’s enough to dig out their way from any sort of portfolio or let’s say individual Altcoins. Volume is like fuel. So if they have it they can take “fastest” decisions to buy or sell at any given time point.

Abiky

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Quote from: FanEagle on March 12, 2023, 05:19:39 AM

Having some understanding that we couldn't really just pick the right altcoin anytime we try, we are not that lucky, is the biggest reason. People are skeptical because there has been a ton of altcoins that caused a lot of trouble for people and that's the issue, we are not talking about something that has been clean so far and we have worries out of nowhere, we are talking about something that has been dangerous since the first try and that is why people are not entirely sure about it.

I mean if you have seen so many guns fired in a place, would you keep going back in there just in case the food is good? I doubt so, that's why there is a worry.

The vast majority of altcoins are unstable and highly-centralized, making investors think twice before pouring money on them. Bitcoin is a safer investment because it's the one cryptocurrency that started this craze. No other blockchain compares to Bitcoin in terms of decentralization and censorship-resistance. The fact that the supply is limited to 21 million units, is more than enough for investors to take it seriously as a long-term store of value.

I'd say altcoins are experimental grounds for testing out new features before they're rolled on the BTC blockchain. Developers will decide which features are worth it, for the community to review them. If you know how to play your cards right, altcoins are for you. Otherwise, I'd suggest you "stick" with Bitcoin for a while. No one knows what the future holds for alts, so we can only hope for the best. Just my opinion

pergola

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Skepticism is essential because the crypto market is so harsh. Many projects were inflated and quickly evaporated from the market. That set off a wave of rapid collapse. Take a look at the projects on the market. Many projects need to increase the value of the token 100 or 1000 times before investors can recover their capital.
The next thing is the possibility of success, great effort to build. So only projects with a strong dev team can hope to succeed.

Pterosaur

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Altcoins investment is very risky but it brings more profits to investors than Bitcoin, you can't make life-changing money with 1000$ invested into Bitcoin in this bear market, but you can make a lot with the 1000$ if you invest it into good altcoins, you need to be careful with altcoins because many can rug pull on you at any time.

Xampeuu

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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

lobo13hf

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it's always alts in general that have higher chance of collapsing and rugpulls certainly the skepticism is normal.
but at the same time it's also a good way to earn profit in the long run if we happens to pick some good coins. so in order to get best altcoins out there many will keep having skepticism and at the same time proper analysation regarding the coin, so it could be considered that skepticism is essential.

abel1337

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Quote from: JayTrain on March 13, 2023, 02:49:39 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?

Altcoins are known to have higher risk and volatility than Bitcoin, which can make investors feel uncertain about their investments. Additionally, the altcoin market is vast and constantly changing, with new coins and projects popping up regularly. As a result, investors may seek the opinions of others or rely on specialized analysis to help them make informed investment decisions. However, it's important to do your own research and due diligence before investing in any cryptocurrency, as ultimately, the decision and responsibility lie with the investor.

I believe that the volatility will depends on what altcoin we are talking but majority of the altcoin is just as volatile as bitcoin especially those who have active market pair. I also think that not all investors are seeking a public opinion about the project given there are so many shillers in the market and a seasoned investor can identify a good project with the available public details. With the rise and increasing projects, Investors has developed their own way of detecting a good altcoin project from bad ones. Even new investors is trying to copy what seasoned investors do in filtering up projects.

nicolas1979

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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?

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.

JayTrain

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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?

Altcoins are known to have higher risk and volatility than Bitcoin, which can make investors feel uncertain about their investments. Additionally, the altcoin market is vast and constantly changing, with new coins and projects popping up regularly. As a result, investors may seek the opinions of others or rely on specialized analysis to help them make informed investment decisions. However, it's important to do your own research and due diligence before investing in any cryptocurrency, as ultimately, the decision and responsibility lie with the investor.

Rabata

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Generally, as altcoins have profit, there is a high possibility of loss. Moreover, recent failures of major projects have decrease investors confidence in altcoins. On the other hand, the interest of investors towards altcoins has decreased due to some reasons such as the relatively low price of BTC, scamming etc. However, these altcoins will once again be bullish as the price of Bitcoin rises. Moreover, there are still many potential coins where investing can bring significant profit.

sana54210

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Quote from: Jody.Drummer on March 13, 2023, 12:16:34 AM

indeed when talking about beginners it is also very difficult and indeed this cannot be equated with those who have been in Crypto for a long time.

Not meaning to say beginners can't do that, but when there's no learning done and a lack of experience it's obvious that this puts them at risk especially when all they do is just follow other people.
The risk is very big and indeed if you don't have something that you can't rely on, it's better for them not to touch it, especially if they're just following other people or influencers.

I think the learning curve is easier or harder depending on the person as well. Someone who is well adjusted to a volatile market and understanding of long term profits will be able to adjust a lot easier, and someone who doesn't understand how things work will end up with a much worse reaction because a newbie who doesn't have any patience and got here because they want to make a profit right away, will not be able to actually make a profit at all.

I know that it will take some time, but it won't be that easy for them to learn it. It will not be easy, but let's focus on how we can make a profit with long term ways while holding and waiting.

Jody.Drummer

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Quote from: Yamifoud on March 09, 2023, 05:20:24 PM

Quote from: Jody.Drummer on March 06, 2023, 02:12:49 PM

Quote from: Yamifoud on March 06, 2023, 05:34:25 AM

Perhaps you are right. Some people/investors are good at picking and market analysis, and some of them are spending more time in the market and checking new projects' progress. And asking for their opinion is a big help for newbies to decide what to invest in and lighten up. Like if you are a newbie, not actually necessary but I think it was more advisable to do this just to avoid investing in a wrong /scam project. But yes, we also have to do our own research, not just rely on their opinion.

We can make research and compare what we produce from the research we do with the opinions of other people. Sometimes we cannot fully trust other people's opinions and we cannot completely trust them, it depends on what project they suggest. If we do our own research we can find out the reasons that make other people suggest or not to invest in the new project. For the decision, it becomes a decision that is absolutely in our hands. But the decision must be in accordance with our research, lest we do it by trying our luck.

Well, we might rely on luck on our first try but it doesn't mean we have to do this the next time. Because I believe that a newbie must adhere and spend more time in the market studying the market behavior in order to gain more ideas. Research should be done and taken seriously but collecting opinions from others could somewhat help us a lot to identify which projects are worth investing and we already have the option so we don't waste our time but rather focus on those suggested projects.

But indeed when talking about beginners it is also very difficult and indeed this cannot be equated with those who have been in Crypto for a long time.

Not meaning to say beginners can't do that, but when there's no learning done and a lack of experience it's obvious that this puts them at risk especially when all they do is just follow other people.
The risk is very big and indeed if you don't have something that you can't rely on, it's better for them not to touch it, especially if they're just following other people or influencers.

Farma

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Quote from: FanEagle on March 12, 2023, 05:19:39 AM

Having some understanding that we couldn't really just pick the right altcoin anytime we try, we are not that lucky, is the biggest reason. People are skeptical because there has been a ton of altcoins that caused a lot of trouble for people and that's the issue, we are not talking about something that has been clean so far and we have worries out of nowhere, we are talking about something that has been dangerous since the first try and that is why people are not entirely sure about it.

I mean if you have seen so many guns fired in a place, would you keep going back in there just in case the food is good? I doubt so, that's why there is a worry.

Well, if we're talking about new altcoins or altcoins outside of popular coins, I think people need to do a little extra research before investing. skepticism is normal. That's because so many altcoin projects have become scams, or been abandoned by their developers. In fact, I've also experienced this. Even though altcoins have tremendous potential to increase the amount of investment we have, the risk of being wrong in choosing an altcoin will cause the assets we have to decrease drastically. there are many reasons why people are skeptical in choosing altcoins for investment.

Rasa nanas

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they need the opinion of others because they need consideration for the investment they will make. even if you invest in big altcoins like ETH or BNB you still need consideration or analysis to determine when is the best time to buy. determining the best time to buy is very important because it relates to the amount of profit you will receive in the future.

ivankoh

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

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

I don't have much experience with altcoins and in fact some of my investments in altcoins have failed - mostly new altcoins. What I can notice is:
- Many altcoins and high competition. That makes it more difficult for investors to determine the potential of the project.
- Rugpull, scam and virtual altcoin (fake trading volume, dead project).
- Investing in altcoins especially new projects really takes longer.

That may be my excuse for my bad skills but I obviously concede altcoins are a very good piece of cake for a handful of profits.

cryptoknightt

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it's true that there are some people who can detect that the coin is going up, because they have the mass and a group of people who have a lot of money so they can play the market and have an impact on the rise and fall of the coin. to get in touch with how the coin works it's a plus

FanEagle

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Having some understanding that we couldn't really just pick the right altcoin anytime we try, we are not that lucky, is the biggest reason. People are skeptical because there has been a ton of altcoins that caused a lot of trouble for people and that's the issue, we are not talking about something that has been clean so far and we have worries out of nowhere, we are talking about something that has been dangerous since the first try and that is why people are not entirely sure about it.

I mean if you have seen so many guns fired in a place, would you keep going back in there just in case the food is good? I doubt so, that's why there is a worry.

LastKiss

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Since Altcoins are really volatile that make the investor feel afraid, doubtful, and uncertain easily. But many people choose altcoins because they believe they can earn a lot of profit from investing there rather than Bitcoin it's not that very volatile if we compare it to Bitcoin although we know that crypto is really volatile.

kryptocanon

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I think it's okay for investors to be sceptical in determining what to invest in. A lot of rug pulls had happened in the past that leads to the destruction of major projects. I confidently still say that alternative coins can pave way for many, one just needs to perform his/her research task well.

Yamifoud

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Quote from: Jody.Drummer on March 06, 2023, 02:12:49 PM

Quote from: Yamifoud on March 06, 2023, 05:34:25 AM

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

...
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?

Perhaps you are right. Some people/investors are good at picking and market analysis, and some of them are spending more time in the market and checking new projects' progress. And asking for their opinion is a big help for newbies to decide what to invest in and lighten up. Like if you are a newbie, not actually necessary but I think it was more advisable to do this just to avoid investing in a wrong /scam project. But yes, we also have to do our own research, not just rely on their opinion.

We can make research and compare what we produce from the research we do with the opinions of other people. Sometimes we cannot fully trust other people's opinions and we cannot completely trust them, it depends on what project they suggest. If we do our own research we can find out the reasons that make other people suggest or not to invest in the new project. For the decision, it becomes a decision that is absolutely in our hands. But the decision must be in accordance with our research, lest we do it by trying our luck.

Well, we might rely on luck on our first try but it doesn't mean we have to do this the next time. Because I believe that a newbie must adhere and spend more time in the market studying the market behavior in order to gain more ideas. Research should be done and taken seriously but collecting opinions from others could somewhat help us a lot to identify which projects are worth investing and we already have the option so we don't waste our time but rather focus on those suggested projects.

Topic: Why are investors so sceptical about Altcoins? - page 3. (Read 928 times)