Topic: Why do you still Invest in the potential heartbreakingly AltCoins? (Read 536 times)

Yes, big altcoins can also provide big profits, but not as big as new altcoins. getting 2x or 3x profits from big altcoins takes quite a long time, and maybe you have to wait for the bull run that occur every few years. but in the new altcoin you can get 10x profits or even more in a short time and don't need to wait for the bull run.

To search for profits is natural and it is something that all investors do, but where to look for those opportunities is the problem, those that have experimented the ups and downs this market can create, have decided to stick to the best coins on the market, coins like bitcoin, ethereum or solana, but there are many other investors that want to obtain massive profits in a matter of months, and since this is not possible anymore with those coins, they invest in new altcoins thinking this is the road they have to take to achieve the success they want, a mistaken decision but a very common one.

Yes and I think even though we get a pump when we are lucky, it is only temporary but if we buy the right coin, it is a good decision, but when we get caught in a shitcoin, it may be a disaster for us. Well, this is where the project fundamentals speak and are important when we want to accumulate our assets.

And in fact, most of them lack knowledge when starting to trade in the crypto market, especially when the hype is high, so it is easy for them to experience losses, especially without knowledge we will only spend our money on useless things.

Even this big altcoins are can give high profit like you said. This is why some investors invest in new altcoin as they believe they have the potential of giving huge profit within a short time.

Higher risk means high rewards. Lthough I'm not a fan of putting that much to a risky yoken, I still acknowledge those who does. It is either they have high risk appetite or they just believe on things or the project itself, and that simply subjective. If you, yourself, is not on the same mindset then you're free to avoid these tokens 'coz there are other options in the first place in particular with major tokens of the market which are considered to be less risky. My acknowledgement is because I saw some of my friends who earned 200x from a 'trashy' token. However, it won't be a waste if they earned profit from it right? Some tokens are needing years before it blows, although not all, but the chnce would be always there. Also, you won't put that much of money if you don't know what you are engaging yourself with, right?
It is possible but depends on how you view 'quick' and short period of time. If it is 2 months then yes it is possible. Saw this with some meme tokens recently but ofcourse, knowing how those altcoins move in general, increase won't be that long therefore you should know when to pull things out, and that is with urgency if you don't want to suffer from loss. Let's be straight, altcoins are more volatile but still, it means that higher profit is there but obviously, with high risks involved.

the reason is because they want big profits in a short time. if they choose to invest in big altcoins like ETH BNB and SOL it is impossible to get big profits in a short time. In essence, they don't understand the risks of the investments they make and they only see the opportunities for profit that they will get.

I believe that it would be the smartest decision as well, looks like we are going to just get better at it and we should be considering that as the most important one. I believe that people are reacting to it like it is the biggest deal, but it is not that important to find an altcoin to make the most amount of money, I think it is quite fine to just invest into bitcoin and go with that, I think that doesn't really change much of the situation.

I hope that people could change to a point where it is going to be all that complicated, it is a lot better and we should probably just focus on bitcoin as a single coin more than we invest into anything else. I am not saying don't look at alts, just not marry any one of them at all.

Some people get scammed by investing in scam coins and they think that investing in all alt coins is a scam. Investing in trusted alt coins like BnB and Ethereum is risk free. And if we are wrong  If we invest in any scam coins then we will have the risk of losing all our money. Before investing we have to think carefully before investing but we can be successful by investing. Due to our small mistakes while investing all our money will be at risk.

Many have a bad experience with alt coins.  This is because many people invest in scam alt coins instead of investing in trusted alt coins and suffer losses.  Not all alt coins are scams.  Before investing in alt coins, one should know and know well before investing.  Also Ethereum, BnB, solana are not risky to invest in and they are trusted.  Anyone who wants to invest in alt coins can invest in them.  Others cannot be guaranteed.

please tell me where there is a place without competition? Even our work or business is full of competition.
Likewise with crypto, as time goes on more and more new altcoins will emerge and competition will get tougher. We as investors are required to be careful in investing. My advice is to do research before investing and try to choose the most popular altcoins such as ETH and BNB.

People keep investing in this coins hoping that it might be a profitable asset but they keeps failing, that's why I always say that no matter how promising an altcoin looks, it can never be compared with bitcoin.
They altcoin I can advice people to invest in is those ones following Bitcoin as it keeps pumping up, example of these coin are Ethereum and BNB, these aforementioned coins has shown a high level of appreciation with the help of bitcoin, generally altcoin is just an imitator, people just create this coins to see if it will be liked and circulate as Bitcoin but to no avail. Bitcoin remains the only digital asset that brings joy to the people in a long term.

Good topic, I'm Really interested in the comment section and would love to see why people have keen interest in altcoins despite knowing the risk involved.

80% of people that invest in altcoin only do for quick profits or for the reason that they are looking for an alternative to bitcoin since they feel bitcoin is too far gone to invest in.

Whole others are here cause they want diversifying into other crypto which is such a bad idea to me cause having bitcoin is good enough and all other AltCoins are just copy, so why invest in a copy and the original when diversifying should be in other areas or types of asset like properties, stock and bond that would give you a better sence of safety.

You can invest in whatever pleases you. If you think altcoins gives you heartbreak and not reliable then invest on btc which is the most reliable digital currency on earth.
I don't know what experience you have with altcoins investment but I can tell you that the best time to hold altcoins is now, sell at peak and wait for the right time. Reason why most people often get rekt by altcoins is buying at the top and holding it into the bear market.

It is like a political party or a sport club thing at this point. Some people go into a community, get friends there, for real there are telegram and discord places for the community of a project to get together and in those places people chat everyday and make friends, and they grow in stature there too because the longer you are there and the more you chat there the more attention you will get and this will make you like the project more.

Now, imagine about a project, some coin somewhere, which has a telegram group where over hundreds of people, maybe thousands, know you and like you and respect you, suddenly it doesn't matter if that project is profitable or not right? This is why it is such a risk, and people just hang onto these projects.

Some people like to invest in new projects. but old altcoins may indeed minimize risk, we know some people prefer to invest in new altcoins for certain reasons. Of course, it is riskier but we see some of the altcoin investors making a profit. Still, it doesn't cover the risks, but everyone who invests in crypto still has to be brave enough to take risks.
I avoid advising someone in choosing their investment assets. let everyone come up with their approach to building their investments.

Dear, I would not suggest you to invest in any of the altcoin projects but in my view, you are somehow wrong here because not all the altcoins projects are scamming or shit. Although investing in altcoins is very picky part one has to conduct good research before investing in the altcoins if one does not have good information about how to conduct good research one may have to face some problems investing in altcoins I am saying this because some altcoins includes big risk over the investor funds.

Now you may wonder why I am saying you are somehow wrong because Ethereum is also an altcoin along with this Solana is also an altcoin these are strong projects with a strong ecosystem. Dear must conduct research before making a thread on this kind of discussion that may be a good thing for you. Actually some altcoin has strong community and strong ecosystem which seem to be a good project that can perform well in the long term or sometimes in short term. DYOR!

I'm sure everyone invests in altcoins because there are so many altcoins that have the opportunity to grow and develop in the future. But here we are not here to advise each other, but to share information with each other. and I think Altcoins have given many people a huge advantage. and my advice is to choose old altcoins that have proven capable of surviving and continuing to grow from year to year.

Being a bitcoin maxi won't hurt you at all but there are investors that realizes that there are quicker gains with altcoins.
You can decide what to invest and bear the losses and enjoy the profits later on. Because you are the one who's going to choose and pick your investments and you're also the one to decide when you'll sell them in profit or in cut losses.

In reality, not all altcoins are bad. If it is possible to buy some top and good potential coins then I must say that Altcoins can also be the best way to invest. Although there is no better investment medium than Bitcoin, those who want to invest in altcoins can definitely make a decision. There are many altcoins in the market not all of which are good coins. The investor must take investment decision carefully or else his investment may be lost. If you invest by doing market analysis, there is a possibility of getting good returns in the long term if not in the short term.

Why? Because there's a higher growth potential with smaller marketcaps and smaller marketcaps tend to be more volatile, so higher gains can be achieved in shorter time frame. And it's not like all altcoins are the same.

It's like asking "Why are you buying these other stocks? Why aren't you buying only microsoft stocks when it has the highest marketcap?" Maybe people see better future or short time future with other coins.

Some of the young people are only in this for meme value, buying meme coins because why not? Bitcoin was the outsider fringe money against the suits for a long time. Now when suits are buying it, it's the meme tokens that are money against the suit. Obviously suits don't want it or buy it, because they think it's dumb and that's the point. They also thought bitcoin was stupid and a scam at some point. Some still do.

And don't pretend bitcoin doesn't have any risk. Richer you got with it, higher risk you took. And early in bitcoin, risk was insanely high. Why people didn't buy microsoft or apple then? Why they risked it and bought btc?