Altcoins Discussion

[JoyMarsha]

How long have they really stayed in the crypto market? Have they experienced the bearish market before or not? How is the bearish market on them? Did they survive it?

This is what I look out for when assessing an altcoin for any long-term profits. Although I prefer taking my profits from altcoin in short term

[Z-crypt]

How long have they really stayed in the crypto market? Have they experienced the bearish market before or not? How is the bearish market on them? Did they survive it?

This is what I look out for when assessing an altcoin for any long-term profits. Although I prefer taking my profits from altcoin in short term

Altcoins should not be held for long, I can only consider hodling the older coins. From my experience, it’s best to just trade them because there are too much altcoins in the market now and it’s difficult to figure out the one with long term value and potential.

What i check most times is if the alt in question is community driven and also its total market capitalization.

[lepbagong]

How long have they really stayed in the crypto market? Have they experienced the bearish market before or not? How is the bearish market on them? Did they survive it?

This is what I look out for when assessing an altcoin for any long-term profits. Although I prefer taking my profits from altcoin in short term

Altcoins should not be held for long, I can only consider hodling the older coins. From my experience, it’s best to just trade them because there are too much altcoins in the market now and it’s difficult to figure out the one with long term value and potential.

What i check most times is if the alt in question is community driven and also its total market capitalization.

Most are, indeed, many, who are afraid to hold Altcoin for a long time because it is difficult to be stable, but for potential altcoins, and it has long been proven to be able to provide distribution for those who hold it until now, so there are still many who dare to hold it for a long time.
But indeed, these are all choices in holding at a relatively fast tempo. Of course, it is also very good and can produce well.

[robelneo]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

There are many factors, but some of the key factors are the reputation of the developers behind the project.
Usecase and what it can bring to the community, and if the contract has been audited by a reputable smart contract auditor like certik, this is to check if there are loopholes in their contract.

[kulkhan]

How long have they really stayed in the crypto market? Have they experienced the bearish market before or not? How is the bearish market on them? Did they survive it?

This is what I look out for when assessing an altcoin for any long-term profits. Although I prefer taking my profits from altcoin in short term

Altcoins should not be held for long, I can only consider hodling the older coins. From my experience, it’s best to just trade them because there are too much altcoins in the market now and it’s difficult to figure out the one with long term value and potential.

What i check most times is if the alt in question is community driven and also its total market capitalization.

I am totally agree with you. Altcoins should not be held for long time. It is better for trading, short time investment and scalping i think. It also true that in this interim time we should also avoid trading because now market unstable, when market where will go it is Very difficult to say. So now Following DCA method invest and holding Altcoin is best. But we have to follow for proper time when market will go up then we should Sell our altcoin. Because long time investment in altcoin is risky.

[lepbagong]

How long have they really stayed in the crypto market? Have they experienced the bearish market before or not? How is the bearish market on them? Did they survive it?

This is what I look out for when assessing an altcoin for any long-term profits. Although I prefer taking my profits from altcoin in short term

Altcoins should not be held for long, I can only consider hodling the older coins. From my experience, it’s best to just trade them because there are too much altcoins in the market now and it’s difficult to figure out the one with long term value and potential.

What i check most times is if the alt in question is community driven and also its total market capitalization.

I am totally agree with you. Altcoins should not be held for long time. It is better for trading, short time investment and scalping i think. It also true that in this interim time we should also avoid trading because now market unstable, when market where will go it is Very difficult to say. So now Following DCA method invest and holding Altcoin is best. But we have to follow for proper time when market will go up then we should Sell our altcoin. Because long time investment in altcoin is risky.

Until now, many have said, as you say, that it is not good for Altcoin to be stored for the long term, and it is more suitable for use in trading, which is very fast in any form.
But we also cannot intervene with anyone who really likes to store potential altcoins for a long period of time because it also feels very profitable.
In a market situation like now, it is very appropriate if you want to invest in a DCA scheme if you want to do it, because this is also profitable in addition to other schemes.

[Stacy95]

Hey everyone, I'm pretty new to the crypto world and trying to learn as much as I can. Right now, I only have a small amount of BTC and I bought around 1000 of an altcoin to try trading with it—but it's mostly going down lately, as you probably already know why.

I wanted to ask if someone could explain in the simplest way how to get started with long and short positions. I don’t really understand how it all works. I’ve heard of things like x10 or x5 leverage, but I’m not sure how to actually open a short position, for example. I’m just afraid I’ll mess something up.

I’m currently using Bitget (if I’m even allowed to mention that here).

[albon]

Very few altcoins fail to maintain long term value and within that, some altcoins fall and die. Many such altcoins move in waves that last only 5-8 months. To keep an altcoins long term then you need to research its data and the most important thing is mc and partnership. If you want to run a project for several decades, you need more mc. Those who have a very high position in this market have a lot of mc and you can research them if you want. Many new projects will come this year, but there will be fewer projects like vaccinations over the years.

[Agbe]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

For altcoin, I normally check the market volume and the value of the project. I checked the community stay of the project to know the population of the project and the Short Term benefits of the project before checking the long term investment. A project which investors have not made profit from short term is not a good project for long term investment as well. Because it is the Short Term investors can tell if the project can make profit in the future. As I have been saying about Ethereum and I will be saying time without number. Those who have been investing in Ethereum in 2023 till now have not make any profit from the altcoin. Mostly investors from early 2024 till now because I can vividly remember in the month of February last year it was $3600 and right now it is $1749 and bitcoin investors had enough profits in many occasions. So foe that I have not seen any good altcoin project to invest in.

[lepbagong]

Very few altcoins fail to maintain long term value and within that, some altcoins fall and die. Many such altcoins move in waves that last only 5-8 months. To keep an altcoins long term then you need to research its data and the most important thing is mc and partnership. If you want to run a project for several decades, you need more mc. Those who have a very high position in this market have a lot of mc and you can research them if you want. Many new projects will come this year, but there will be fewer projects like vaccinations over the years.

agree with what you said that it is very rare for an altcoin to survive for a long time and usually after entering the exchange, it doesn't take long for the altcoin to fall and be worthless.
so before you really want to put funds in an altcoin to be able to survive for a long time, it is very necessary to analyze it properly so that you don't make mistakes in doing it.
I think that determining altcoins cannot be avoided from mc so that we can be sure that we will be able to determine it in the future.

[NotATether]

None.

Altcoins succeeded a long time ago because they were actually useful.

Now, you need lots and lots of market hype that oozes out of the crypto industry to everyday media in order to have a shot of not fading to irrelevance.

[Roseline492]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

Is hard because all the altcoins are not the same and there are altcoins you can research from now till a month you have not seen any reason to invest on them, however I was a victim of one altcoin investment after all the research I did on it, the price was $50 and drop very low to barely $1 and I feel that was my time to invest on this altcoins and it was as if the coin was waiting for my money to enter before it rug pool and that was how the investment became a zero result.

[Alone055]

I wanted to ask if someone could explain in the simplest way how to get started with long and short positions. I don’t really understand how it all works. I’ve heard of things like x10 or x5 leverage, but I’m not sure how to actually open a short position, for example. I’m just afraid I’ll mess something up.

I’m currently using Bitget (if I’m even allowed to mention that here).

Since you've mentioned that you are pretty new in this world, I would advise you not to get into futures and margins trading because it contains too much risk for a newbie to manage, and you will only bust your capital instead of getting any profits from leverage trading, so, it's better for you to stay away from futures at the moment, try to learn as much as you can about trading and the market, do spot trading initially once you have learned enough, and later, when you gain some experience, then you can think of getting into futures.

I will tell you what leverage means just for the sake of your knowledge. Leverage means that you can open positions multiple folds of your capital or margin, which means, if you have $20, and you use 5x leverage, you can open a $100 position with only $20. This is useful because the higher your position size is, the quicker you will get profits, but using higher leverage also expose you to higher risks because your position can get liquidated quicker with higher leverage.

[lepbagong]

What key factors do you analyze when assessing the long-term viability of an altcoin project?

Is hard because all the altcoins are not the same and there are altcoins you can research from now till a month you have not seen any reason to invest on them, however I was a victim of one altcoin investment after all the research I did on it, the price was $50 and drop very low to barely $1 and I feel that was my time to invest on this altcoins and it was as if the coin was waiting for my money to enter before it rug pool and that was how the investment became a zero result.

Sorry about what happened to you, of course. It is very painful, and you can't imagine how sad it is to invest even in research, but the results are very disappointing, and I think you are not the only one who experienced it, but many also experienced the same as you, and it's hard to imagine that after research, but the results are not in accordance with the expectations that we want, you are right that not all altcoins are the same and research can be different.

[Alone055]

Sorry about what happened to you, of course. It is very painful, and you can't imagine how sad it is to invest even in research, but the results are very disappointing, and I think you are not the only one who experienced it, but many also experienced the same as you, and it's hard to imagine that after research, but the results are not in accordance with the expectations that we want, you are right that not all altcoins are the same and research can be different.

Altcoins are generally risky, and research alone isn't enough for one to stay profitable in trading them, and it also depends on what kind of altcoins one is trading in because even a meme coin or a shit coin can basically be called an altcoin but they are risker by nature because they don't have a purpose or a project backing them up but they are only created for fun based on popular memes or nowadays famous people as well such as Elon Musk or Donald Trump, etc.

So, one's profitability in trading also depends on what cryptocurrencies they choose to trade because their risk-to-reward ratio will differ based on their choices. In normal altcoins, the risks are lower and so are the rewards, mostly, and in shit coins or meme coins, the risks are higher but so are the rewards. That's why, it's important for a person to know all these things before they start doing it.