Why are investors so sceptical about Altcoins? - page 6.

MiF

sr. member

Activity: 1344

Merit: 258

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 asking the opinion of others is a good idea and there is no harm on asking it is free to ask the others opinion for good and for collecting information porposes, but at the end of the day the dicision is still on you, there is an advantage in collecting others suggestions we will know more about the project and its possible outcome through the expert all over this furrom or in some social media sites

Quidat

hero member

Activity: 2548

Merit: 533

Quote from: BIT-BENDER on March 01, 2023, 04:50:44 PM

Well the reason why investors don’t feel too confident in Altcoin can vary. I have seen some investors who lost hope in Altcoin because of their personal experience, after investing in a potential Altcoin with all the indicators point to profit for them in the end it crashed.

Also some can learn from others experience with Altcoin. I prefer to learn from others experience. The Altcoin market is too big and to me that’s the problem, I advise investors to limit them self to Altcoin that has good market record And they are about a handful of them right now.

All falls down on personal experience because just like me on which on the long time ive been dealing with alts on which ending up on losing huge chunks of investment because majority of the coins that had been bought are just pure shitcoins and this is why i have made myself on completely stopping on dealing on trying to find some good coins and rather stick into those coins who had been able to established themselves and prove out to the test of time or simply having that huge community support and recognition. Its up to someones choice whether they would really be that
tending to get involved with alts or not.

suzanne5223

hero member

Activity: 2590

Merit: 650

Want top-notch marketing for your project, Hire me

The reason is that 95% of all altcoins are created just to enrich the team involved through price manipulation ^{just like XRP CEO used to do back in 2016-2018 if remember correctly}, rug pull, and while some scam the investors which way open up through lies and breach of the whitepaper.
The list is countless and this is the reason no Bitcoiner will advise the crypto investor to choose an investment in an altcoin.

kawetsriyanto

legendary

Activity: 2198

Merit: 1086

Free Bitcoins Every Hour!

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.

The reasons why many investors are skeptical about altcoin investment is because the risk that they will face is much higher moreover if they are going to make it for long-term holding. We also have several experiences with altcoins, even though they are top altcoins, they can collapse so easily only in a few hours. That is why altcoins are very risky in the long term. I think that it is not about being skeptical or not, but this is more logical because investors are spending their money to get or earn more money, not to risk their money highly in uncertainty. But, we cannot deny that many investors are also earning much money from new altcoins by utilizing the right time to buy and then sell the coins, moreover with the hype situation. But the question is, will all investors able to predict or understand which one will really give the high profits? Not at all.

BIT-BENDER

hero member

Activity: 1498

Merit: 702

Well the reason why investors don’t feel too confident in Altcoin can vary. I have seen some investors who lost hope in Altcoin because of their personal experience, after investing in a potential Altcoin with all the indicators point to profit for them in the end it crashed.

Also some can learn from others experience with Altcoin. I prefer to learn from others experience. The Altcoin market is too big and to me that’s the problem, I advise investors to limit them self to Altcoin that has good market record And they are about a handful of them right now.

passwordnow

hero member

Activity: 2926

Merit: 570

Leading Crypto Sports Betting & Casino Platform

Quote from: Ojima-ojo on February 28, 2023, 04:44:19 PM

Altcoin have led many into bankruptcy, and at that, it is not advisable to invest in coins, this is why most potential investors have a drawback from altcoin.

In a general talk about altcoins, only a few of them are worth taking a shot at. I've done and missed a lot of opportunities and that's why even with those experiences, I'm still trying to catch some good pumps with altcoins but only with the good ones. I don't randomly choose any of them because from what I think, there will always be a huge market to it but the bad thing is that they're scattered and there are too many of them in the market. And to those that don't like them anymore, they could be maxis or have got a terrible experience investing on it.

Cryptomultiplier

full member

Activity: 756

Merit: 179

Eloncoin.org - Mars, here we come!

An investor who is wise would study the market in which he/she proposes to invest in, before making the actual investment. Altcoins are hardly dependable as compared to Bitcoin.
An altcoin can just crash anytime. Unless an investor was tipped before making an investment and then cashes out before the market crashes, which is a crime in the financial sector, then an investor with huge capital to invest would think twice and hard before making an investment in altcoins.
Although some altcoins has performed well over time like Eth, with great gain/reward system for games and other features, that's not to say the volatility rate isn't high.
Better be safe than sorry. Invest in little chunks if possible.

Dragonfund

full member

Activity: 546

Merit: 148

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 good and they are provide good return that is why people buy them instead of bitcoin, investors do think they have miss the opportunity in Bitcoin but if you look at altcoins in general, they have something in common and that is manipulation and control by middle men, the team always suppress the tokens and do whatever they like and when it drops in price, it can make you loose all.
My advice is to do.a good research in them before buying them and sell as soon as you get profits, that is the only way you can earn in altcoins.

Silberman

legendary

Activity: 2492

Merit: 1332

Quote from: letteredhub on March 01, 2023, 12:28:51 PM

Alternative coins are not dependable like bitcoin that's why many investors are very skeptical about putting in their money and in addition to proliferation of altcoins that has been circulated all over the exchanges platforms and this makes it difficult for investors to pinpoint which coin is dependable and reliable. And the high volatility of most of these altcoins is some that's worrisome

Most people that come to this market may not know a lot about investing or trading but they still have their common sense, if they see that there is a lot of people coming to this market and losing their money by investing in altcoins, then it is natural they begin to question themselves about if it is the right idea to invest in those coins or not, after all if they are like those other people and they do not know a lot about the market then why should they be the exception to the rule and earn any money? So we are seeing that many investors are choosing bitcoin over altcoins and it should not surprise us if this trend continues for some time.

letteredhub

full member

Activity: 504

Merit: 198

If bitcoin be for me...

Alternative coins are not dependable like bitcoin that's why many investors are very skeptical about putting in their money and in addition to proliferation of altcoins that has been circulated all over the exchanges platforms and this makes it difficult for investors to pinpoint which coin is dependable and reliable. And the high volatility of most of these altcoins is some that's worrisome

Hypnosis00

sr. member

Activity: 2338

Merit: 338

Quote from: goaldigger on February 25, 2023, 05:51:09 PM

The risk are higher with the altcoins since cryptomarket depended on Bitcoin and with the altcoins you might encounter a scam project which i think is very possible. Altcoins are also more prone to hacked, that’s why many are afraid to invest at first which as an investment most of them prefer to have an assurance that Bitcoin can give despite of the volatility. If you are not sure about where to invest in altcoins, Bitcoin is the best option for you. There’s also a good opportunity in Altcoins, just do your best to spot the good project.

If just know how to assess the potentiality of the market and are not blindly investing them, there is no reason to fall into scam projects. But what really happens to most of us, especially new investors, they just choose what is usually been promoted on the internet, they mostly rely on what they have heard online but never did their own research for verification. If we are not lazy to do research, we can avoid investing scams but we are and there is no surprise why we still fall into them.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: bittick on February 28, 2023, 06:57:13 PM

Quote from: tvplus006 on February 28, 2023, 06:41:51 PM

If there are doubts about which coin to invest in, you can see where large companies such as Grayscale invest. Their open-to-all portfolio shows that big business invests not only in bitcoin - https://grayscale.com/products/ But with all the variety of different coins in the portfolio, the largest percentage is allocated to bitcoin.

agreed with this statement, these large companies are investing with proper research, so if someone are doubtful in regards of their portfolio holdings then they should seek inspiration from these large companies portfolio and see how much they allocated in certain coin and how they diversify.
I'd say it's always good to have these large companies as a reference even though most of the time their investments only suited for long term.

Yes, as a rule, such large companies investing in cryptocurrencies have a large staff of employees who can really correctly assess the prospects of any cryptocurrency. And such a level of analysis cannot be compared with the knowledge of a beginner, so you can safely follow such companies, as it is safer than your own DYOR.

Yaunfitda

hero member

Activity: 2814

Merit: 574

It's because altcoins are too

1. risky - many turns out to be scam, or developers left the project so there is no roadmap or improvement after the released so and it die
2. manipulation - if the project still exist up to this day, there could be some groups, man in connection with the people behind to pump and dump. Thus making them more money
3. some of them simply die - that's how it is, there is some life span for this project, specially if there are no support from the community

And so on, not all altcoins though are like this, there are still solid projects specially in the top 10.

thecodebear

hero member

Activity: 2086

Merit: 813

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?

Because altcoins are entirely speculative and incredibly risky. Essentially the only cryptocurrencies that have a market fit at this point are Bitcoin and Ethereum, everything else are like penny stocks or early stage startups that are just hoping to prove they have a worthwhile product. Most or all of them won't grow long term and generally will only have one or two bull runs in which they are trendy before they start to fade to new altcoins. The whole altcoin market is "get rich quick" schemes. There are also endless altcoins and new ones popping up all the time.

So of course people ask for opinions about altcoins because its all highly speculative, risky, and short-lived. They are short term investments, not long term, so anyone who is putting their money into altcoins should absolutely be uncertain. If you aren't uncertain and you are putting money in altcoins you don't have a clue what you're doing.

Ahli38

hero member

Activity: 784

Merit: 732

Information is needed as additional material for the fundamental analysis that is being carried out on an altcoin. because before we enter into an altcoin project we must first do a thorough analysis. such as technical, fundamental and sentimental analysis. and asking on forums can also be used to find additional information as fundamental information. or even we can examine the responses of those who respond to what the majority and minority responses are like to see an analysis from a sentimental perspective. even on telegram channels, we are used to seeing voting for which analysis will be requested by members of the channel. actually the admin is also testing the sentiments of the members in which direction. because making a vote is also included in sentimental analysis.

yazher

hero member

Activity: 2142

Merit: 584

You own the pen

Acquiring as much information as possible before making any moves to invest your money is crucial because stories are not the same and you can actually get some idea of how to invest successfully with those stories. But you need to understand that none of those stories can force you to invest and also be careful about hypes when they told you multiple profits from some unknown altcoins because most of those stories are made up and to be honest, only 1% are natural, just don't use it as motivation for your investment rather work hard outside the crypto industry so that you won't regret wasting your time in it.

abel1337

legendary

Activity: 2464

Merit: 1145

FOCUS

Majority of altcoins don't run long term and if you're unlucky enough you will end up in investing in a shtcoin. Investors are just afraid of losing money as most altcoins don't run long term and this cause investors lose money because of thinking of a long term results. Majority of altcoins in the market are being replaced as the trend changes. There are only few altcoin survivors from the last 2017 altcoins, This is somehow proves that everything can change in the market. Investors of projects who holds long term for about 4-5 years another cycle of crypto market, for the majority of the coins surely on loss with their investment. Rare projects such as those top coins are just the one who survives the market.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: tvplus006 on February 28, 2023, 06:41:51 PM

Quote from: Minecache on February 25, 2023, 11:10:50 PM

I agree with you that altcoins are not for newbies because of the risks they bring, but it should not be denied that altcoins are also a very good way to make profits if we know how. ...

If there are doubts about which coin to invest in, you can see where large companies such as Grayscale invest. Their open-to-all portfolio shows that big business invests not only in bitcoin - https://grayscale.com/products/ But with all the variety of different coins in the portfolio, the largest percentage is allocated to bitcoin.

agreed with this statement, these large companies are investing with proper research, so if someone are doubtful in regards of their portfolio holdings then they should seek inspiration from these large companies portfolio and see how much they allocated in certain coin and how they diversify.
I'd say it's always good to have these large companies as a reference even though most of the time their investments only suited for long term.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Minecache on February 25, 2023, 11:10:50 PM

I agree with you that altcoins are not for newbies because of the risks they bring, but it should not be denied that altcoins are also a very good way to make profits if we know how. ...

If there are doubts about which coin to invest in, you can see where large companies such as Grayscale invest. Their open-to-all portfolio shows that big business invests not only in bitcoin - https://grayscale.com/products/ But with all the variety of different coins in the portfolio, the largest percentage is allocated to bitcoin.

Ojima-ojo

sr. member

Activity: 700

Merit: 429

Quote from: Dickiy on February 28, 2023, 04:20:58 PM

I think it's normal for people to be skeptical about alt coins, especially after the many incidents that have put investors out of business due to fraud, hacking and failure of projects carried out by altcoin developers. The visible risk of losing money in a matter of minutes is what investors are most afraid of, so they should see some feedback regarding what projects have potential and things to consider from the results of other people's analyses or not just personal analysis. I am also quite sceptical of any altcoin project for fear of missing out on what I expected.

No one enjoys losing money truly and any investment business that can crash at any time is not something to rely on or risk or you're on, and you are right when you mentioned, cases of fraud, hacking and all manner of exit scams.

Altcoin have led many into bankruptcy, and at that, it is not advisable to invest in coins, this is why most potential investors have a drawback from altcoin.

Topic: Why are investors so sceptical about Altcoins? - page 6. (Read 928 times)