Should you invest in Altcoin?

[Amaya]

In my opinion, don't invest in altcoins in the long term, it's too risky. Take a look over the past 2 years, which altcoins have risen in price? Very few, right? ETH is the only altcoin I want to invest in, as it's king

[Renampun]

Investing in altcoin is really profitable for me , ogn and TRX are those altcoins in which already I invest a good amount of money . We need to have good knowledge in order to chose Good altcoin for long-term and short-term investment .

I agree with you, and currently researching the coins that we will invest in is very easy, Ogn and Tron have great potential in the future.

[Joyjoyce0]

Yes it is better and great if you can invest in altcoins because the return on investment on altcoins is greater than that of bitcoin

[Rubel007]

yes the altcoin is good for investment but if anyone don’t any experience before then i will say you should understand the site and then do     
Recently, many Cryptocurrencies have been created and the rapidly changing market landscape, all investments in Cryptocurrency can be high risk. Even Bitcoin which is by far the most stable crypto also shows a fluctuating price.

For comparison, though, altcoin prices are more volatile due to low market cap, altcoin markets are particularly vulnerable to price manipulation. Investors who have a large capital called "whale" - often inject large sums of money into coins that have low prices to build sensations and cause the price of the coin to skyrocket. Once the price has increased, he sells their coins on the exchange with huge profits, making many other investors deceived in the process. This method is known as "pump & dump." This can not only hurt greedy traders who do not take the time to analyze their investments, but are often shown to cause altcoins to have short lifespan.

To avoid losing all your investments due to pump & dump, focus long-term investments on coins that you believe have great potential and show good health. Generally, healthy altcoin has a strong community, shows high liquidity, and has a team of developers who proactively improve the source code of the coin. The comprehensive loginitma of CoinGecko metrics analysis statistically analyzes these three important factors and ranks the coins according to the overall strength of the coin.

If you choose to invest in altcoin, it is important to remember some basic principles of investment. Avoid the hype from those distributed by the coin community. Every investor has an agenda, so it's best not to take their word round. Invest only on coins you have previously worked on. It is not wise to invest in something you do not understand. Making an investment based on the wrong information is a sign that you will lose your hard-earned money. Take the time to research the coins you would consider a long-term investment, and research the market situation before you try to become a high-volume short-term trader. Most importantly, never invest more than your ability to take losses. Too many people lose their life savings by focusing them on a volatile investment.

In my opinion We should invest in altcoin.. There is many potential altcoin. But for now we must wait,  the price is unpredictable.

[TERMINO]

In my opinion, don't invest in altcoins in the long term, it's too risky. Take a look over the past 2 years, which altcoins have risen in price? Very few, right? ETH is the only altcoin I want to invest in, as it's king

There are more altcoins in the market that can give you profit especially the the top 50. Back on 2017 there were altcoins impressived pump that drastically in dump now. If you want to invest you can try it anyway. Possible they will impressively pump again in the right time.

[Gurjasmeet Singh]

I think it's depend upon our desire. If we want heavy investment then my opinion for that it should be invest in popular coin in the market. But for coverage get loss  ,we should be invest in altcoins.

[Senin]

Altcoins are all cryptocurrencies except bitcoin. Among the altcoins, there are both promising, in which you can invest, and useless. Therefore, it is stupid to even raise the question of whether it is possible to invest in altcoins.
One cannot be absolutely sure that Bitcoin will continue to rise in value even in the next few years. Nor can anyone guarantee that in a few years its price will not be even lower than the price of some altcoins. Therefore, you should not bet on only one type of cryptocurrency, no matter how promising it seems. This also applies to Bitcoin.
We must ourselves assess the situation in the cryptocurrency market and not always be guided by the opinion of others.

[Rubel007]

Investing in altcoin is really profitable for me , ogn and TRX are those altcoins in which already I invest a good amount of money . We need to have good knowledge in order to chose Good altcoin for long-term and short-term investment .

I agree with you, and currently researching the coins that we will invest in is very easy, Ogn and Tron have great potential in the future.

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[Quantum X]

Yes! You are right. Better to chose project that is prepared for long term investment. Long term investment is sure profit and the risk is not as high as the short investment.

[Rafiq]

I think it's depend upon our desire. If we want heavy investment then my opinion for that it should be invest in popular coin in the market. But for coverage get loss  ,we should be invest in altcoins.

Yes, you are right, I also think it depends on our aspirations. But risk-free is popular Investing in Wetcoin will really pay off and you have to invest carefully. I think you should invest in weightcoin by splitting it into long-term and short-term.

[aji678]

Choose an altcoin that has been tested if you want to invest in an altcoin like eth.  Because if altcoin investment is less attractive then it could be that altcoin will be worthless.

[Debasco]

yes/no, but the basis is a matter of choice, but it worth investing in to some extent, because we still have some altcoin thriving no matter the trend of things, and its adviceable to do personal research before investing any altcoin, if you intend to buy.

[H2O]

Yes brother, I already invested some cryptos in the cryptocurrency market cap. I invested gigantic exchange supported coins, OKEx coin, Houbi global support tokens, Binance coins, and kucoin share which have possibility to rise up.

[@chison]

Altcoins have their time and usage. They will be patronised based on what they bring into crypto space. For example bthe bluzelle project that deals with data strove sure will be patronised by other projects.

[labonikhatun]

It will usually depend on its demand in altcoin. but I think you should invest in altcoin. Altcoin is a very good place to invest although it has its backing with other projects if you have enough knowledge and skills about investing then investing in every place is very profitable altcoin is going to be much better in the future.