Why do you still Invest in the potential heartbreakingly AltCoins? - page 3.

ololajulo

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Quote from: AVE5 on March 03, 2024, 03:39:07 AM

AltCoin doesn't sound reputable and reliable because it is like the jungle requiring only the fittest to survive and you must be smart, vigilant and awake in the market if you must not be left heartbroken with its flexibility potnetials to lost of asset funds.
We all knows about this so tell us, why do you still take that risk of investing in AltCoins?
With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

I seriously dont understand what you are trying to bring out with this thread. You already dicredit altcoins and you still wonder why people are still buying into it even with what we are still seeing in the present market. These are the distracting topics in the bull market I avoid so much when the OP is also investing into altcoins

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Thats why you need to be very careful while Investing in altcoins rather the Bitcoin because there coins are generally very volatile and it requires a very high skill set to get profits out on your investments.Investing in Bitcoin is pretty easy because it doesn't require much skills as the brokers in the market take care of your investment while protecting theirs.

But while investing in altcoins you need to have a good background as well as good knowledge of the crypto world. Heartbreaks will not be a part of your life if you have a good sense of market research. So first learn then earn.

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Quote from: AVE5 on March 03, 2024, 03:39:07 AM

AltCoin doesn't sound reputable and reliable because it is like the jungle requiring only the fittest to survive and you must be smart, vigilant and awake in the market if you must not be left heartbroken with its flexibility potnetials to lost of asset funds.
We all knows about this so tell us, why do you still take that risk of investing in AltCoins?
With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

The appeal of altcoins lies in their high risk-reward potential. As long as I invest within my risk tolerance, I believe the potential gains outweigh the risks. However, I wouldn't necessarily recommend altcoins for everyone. It's crucial to understand the inherent risks involved before investing. While there's a chance of discovering hidden gems, altcoins are generally more volatile than established cryptocurrencies. Ultimately, if altcoins fit your risk tolerance and you're comfortable with the volatility, then they could be a viable investment option.

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Quote from: AVE5 on March 03, 2024, 03:39:07 AM

AltCoin doesn't sound reputable and reliable because it is like the jungle requiring only the fittest to survive and you must be smart, vigilant and awake in the market if you must not be left heartbroken with its flexibility potnetials to lost of asset funds.
We all knows about this so tell us, why do you still take that risk of investing in AltCoins?
With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

I don't invest in altcoins unreasonably and not all altcoins are bullshit although they are just distractions from the real deal bitcoin which would well exceed and is more garantee to give you more returns than any altcoin in the future.

Most altcoins are scammers deployed missiles to steak your funds, very little projects do well In the altcoins space cause they solve no problem and are just ponzi schemes created to profits only their hidden investors.

Hyphen(-)

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Quote from: AVE5 on March 03, 2024, 03:39:07 AM

We all knows about this so tell us, why do you still take that risk of investing in AltCoins?
With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

Well, most times we invest in altcoins just for quick profit, we know that altcoins are not reliable because of their centralized nature but we still gamble just for quick profit.

The risk is worth taking in some projects that we have good knowledge about the project’s road map and the project’s aim and the project’s potential because the higher your risk the greater the reward.

I like investing in altcoins because I feel like they give quick return, while I also invest in Bitcoin to save for the future.

Zaguru12

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Quote from: samcrypto on March 03, 2024, 05:04:51 PM

Have you seen good altcoins? You can easily tell if it’s a good investment or not.
Not all altcoins are good yes but there’s still a good opportunity here to make money and that is why many are still investing with altcoins. Just choose a good project because you don’t have to sacrifice your money for the failed projects, altcoins are good for their own purpose, analyze well.

That’s the problem you don’t know which coin is dumping or eating the dust among them, some of these coins are mostly tokens. One thing I always say it do not treat any money on altcoin as investment, rather it’s a gamble and at gambling you will only do use an amount you can afford to lose. There is no other reason to buy Altcoins other than it is more volatile than bitcoin and has a chance to increase higher in price than bitcoin, another reason to buy a particular coin could be for cheap transaction fee and the spend for the transaction to be completed.

samcrypto

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Have you seen good altcoins? You can easily tell if it’s a good investment or not.
Not all altcoins are good yes but there’s still a good opportunity here to make money and that is why many are still investing with altcoins. Just choose a good project because you don’t have to sacrifice your money for the failed projects, altcoins are good for their own purpose, analyze well.

livingfree

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Quote from: AVE5 on March 03, 2024, 03:39:07 AM

With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

I wouldn't advise anyone with tussles. Why would I give someone to give an advise if we're not agreeing with our arguments. If he wants to hear me out then let me hear him out too.

But if he doesn't obliged me to give my idea then I wouldn't do that. Much better to just remove that term and just ask if you're willing to give advises to anyone even if they're not asking for it.

Did I understood it wrongly? Maybe. But it's best to give the advises to the people whether in altcoins or bitcoins that are happy to hear you out without any issue.

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Quote from: The Cryptovator on March 03, 2024, 04:35:53 PM

~Snipped
I still invest in altcoins because, without taking risks, we can't gain.

I believe that in life, risks is involved in almost every aspect of our life and without taking on risks, we risk being progressive in our life. One of my fav quotes of all time is the one about scared money not making any money. I could remember in the last bull run, majority of my money were in stablecoins because my risk appetite was at an all time low. Did I make money? Obviously not. If anything, I even lost money chasing 20% APY from anchor protocol on Luna ecosystem then using UST.

My primary goal for the current bull is building a portfolio that would consist of BTC, ETH and some promising alts because I feel like that would be where the real winners will be especially in the AI, Depin, RWA categories.

The Cryptovator

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When you are a crypto investor, you can't ignore the potential risk of investment. Most of the time, I advise investing in Bitcoin for various reasons. But for quick money and multiplying our funds, sometimes we take risks with altcoin. Investing in altcoins is extremely risky, but sometimes it will give us big returns. Because often we see a few altcoins even become 10 within a day. So this is kind of a shortcut to making money from crypto. But there is a high risk of losing your funds. Same way they pump, and same way they could dump as well. I still invest in altcoins because, without taking risks, we can't gain.

bitzizzix

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Even though bitcoin is not the most reliable investment, the reality is that many people or investors lose money when investing in altcoins, especially in new altcoins.
However, there are also those who make huge profits from altcoins. I think it all depends on how smart they are in doing thorough research and doing good analysis to profit from altcoins. And I think there are still many altcoins that are good and profitable, especially the old and oldest altcoins because of their footprint and also doing it in the long term. And there are also many altcoins that follow Bitcoin's movements, so it all depends on the habits and intelligence involved to make good profits. And besides that, having altcoins doesn't mean not having Bitcoin because altcoins are an alternative way to earn profits besides Bitcoin if you do it well.

KingsDen

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I am not a big fan of altcoins and I don't have them in my portfolio. But I have friends who make good profits from altcoins and I moat times admire them for their courage and determination.

Quote from: AVE5 on March 03, 2024, 03:39:07 AM

AltCoin doesn't sound reputable and reliable because it is like the jungle requiring only the fittest to survive and you must be smart, vigilant and awake in the market if you must not be left heartbroken with its flexibility potnetials to lost of asset funds.

It would have been nice if you categorized the altcoins. For instance, a coin like PEPE is not on the same level as Ethereum or BNB, but both can be called altcoins. So, investing in the top 5 or top 10 altcoins might not be as risky as it is if you invest in random meme coins.

Quote from: AVE5 on March 03, 2024, 03:39:07 AM

We all knows about this so tell us, why do you still take that risk of investing in AltCoins?

Despite the risk, altcoins still have the ability to do 50x 100x etc which bitcoin might not do for now.

Quote from: AVE5 on March 03, 2024, 03:39:07 AM

With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

I will not give such an advice but if the person believes in gambling, they can take the risk and could also be successful.

Vestigial Appendage

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Some major altcoins are down over 90% from their ATH vs BTC and are a great investment since they have a strong user base and are not going to go away soon. This is why you "still Invest in the potential heartbreaking AltCoins"

Kelward

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Why do people invest in altcoins, despite knowing the risks involved that they're most likely gambling their capital, the answer is simple, more profits on the short term. Most altcoins, especially new projects can give you 10x to 100x profit on your investment capital, on a short term, but why it's a gamble is because you can lose your investment capital as well, if you buy a scam project. But it's not all the altcoins that are scam or will not have the potentials to last for long term, there are top altcoins that have proven their reputations in the crypto space, despite their pumps and dips, they're still worthy to hodle for the long term, they follow Bitcoin bull seasons to give their investors good profits that is worth their wait.

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Quote from: AVE5 on March 03, 2024, 03:39:07 AM

(...)
We all knows about this so tell us, why do you still take that risk of investing in AltCoins?
With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

- you're just talking about opinions without actually talking about what's going on in the space, accepting the risk because they were also ready for it when they saw a big profit-making opportunity. Suppose you bought ETH, what do you think about the opportunity? Your conclusion is more misleading about investment perception, because investing is a risk/return balance.

- I do not intend and have never advised anyone to buy and hold any altcoin, just speculating on prices and contributing opinions, as well as encouraging everyone to do their own research and be responsible with their investment.

oktana

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Of course I can still confidently advise people to invest in altcoins but I will be very specific that it should be just any altcoin. The reason why people know the dangers of these “heartbreaking” altcoins and still invest in them is because it gives that likelihood of getting them rich over night. Just like these memecoins, they can take you from zero to hero in even an hour or less. So people risk their money on that probability and sometimes it works sometimes it doesn’t. Just have an open mind when investing in such altcoins. Be ready to bear the loss even before you invest it.

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Quote from: AVE5 on March 03, 2024, 03:39:07 AM

AltCoin doesn't sound reputable and reliable because it is like the jungle requiring only the fittest to survive and you must be smart, vigilant and awake in the market if you must not be left heartbroken with its flexibility potnetials to lost of asset funds.
We all knows about this so tell us, why do you still take that risk of investing in AltCoins?
With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

First of all, you should know that any investment has risks, even with bitcoin.

With altcoins, the volatility is much greater but also comes with great opportunities, and the investment is decided by you without dependence or direction from outside. Just because you don't make a profit from altcoins doesn't mean other people are the same as you, and vice versa, no matter how knowledgeable you are about investing, you'll get the same results. You should be open to receive and accept all situations that occur during the investment process.

moneystery

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depending on the type of altcoin, i think altcoins like ethereum, solana, and bnb, are quite good to invest in. these altcoins have a reputation and have the potential to increase in the future, so it doesn't matter if you want to invest in altcoins, but make sure that the altcoins have a good reputation so that the investment you make will not be in vain.

Sophokles

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Quote from: AVE5 on March 03, 2024, 03:39:07 AM

AltCoin doesn't sound reputable and reliable because it is like the jungle requiring only the fittest to survive and you must be smart, vigilant and awake in the market if you must not be left heartbroken with its flexibility potnetials to lost of asset funds.
We all knows about this so tell us, why do you still take that risk of investing in AltCoins?
With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

Survival for the fittest is true for all not only altcoin. Even a superior tech and asset class take over bitcoin one day. Altcoin market evolve around the necessity of the community. When the community faces any problem with the existing system then the developer came with a new project with new solution. Community abandon the old one and embrace the new one.

batang_bitcoin

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Quote from: AVE5 on March 03, 2024, 03:39:07 AM

AltCoin doesn't sound reputable and reliable because it is like the jungle requiring only the fittest to survive and you must be smart, vigilant and awake in the market if you must not be left heartbroken with its flexibility potnetials to lost of asset funds.
We all knows about this so tell us, why do you still take that risk of investing in AltCoins?
With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?

There are some of them that are worth holding and that is why they are reputable. And those that are taking risks in variety of altcoins is trying their luck because of the market right now. If you are aware of things like hit or miss, that is what is happening right now. If they happen to invest to an altcoin that suddenly pumped during this bull run, that's it and they are out. Someone who is going to hold it for so long will miss the value of it.

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