Should you invest in Altcoin?

[bitpation]

For now, I prefer to invest in top altcoins than invest in bitcoin. I know altcoins have more potential to earn money faster than bitcoin. I agree with people that recommend to invest in altcoins since I also do the way. 

[yitzjoe]

everyone needs investment for their future and the selection of the right investment is not easy and needs a deep analysis and strong analysis. take the best decision for you in the analysis and break your investment into several portfolios because this is important to minimize the risk of loss

[MOProgress]

I will say you can invest in altcoins but before you do that be sure of the coin you want to invest into because some project are scam, just existing for short term.

[Mbah Jenggot]

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.

Yes I think Yous should invest in altcoin.  Because I think there is several potential altcoin that valuable and profitable.

[pedangrusak]

altcoin has proven that they are worthy of being investment coins such as XRP, ETH, EOS and ADA and this will be profitable in the future

[Ahmedalab]

Every altcoin will be pumped at some point. So, basically, avoid catching a flying knife. You may get lucky at times riding a pump but there's a higher chance that you'll lose.

[Bhussainn2]

ccoins are good option to invest.but do remember one thing there are many shitcoins available in the market.You need to be very vigilant whether altcoins are legit or not.always do your home work before investing in any coin.If you don't have to enough konwledge then refer coinmarketcap website where you can get all necessary information about the top leading coins.

[Hongy]

altcoin that is suitable and profitable for investment; Ethereum, Dash, Litecoin, XLM, and XRB. For example, in October-November, it was a very dark time for Altcoin because prices dropped dramatically, but in December the price of altcoin maneuvered, knowing that it was the price of a penchant.

[MOProgress]

My answer will be very simple and straight forward, Yes. But before you invest, make sure you have study about the coin and it have great future.

[Domithra]

Not all altcoins are worth investing in yet there are some which are performing well although Bitcoin has taken the lead. Most of the large cap altcoins have shown much capabilities of competing with BTC some years to come. Coins like ETH, Ripple, EOS etc are good ones to consider.

[tervel]

Not all altcoins are worth investing in yet there are some which are performing well although Bitcoin has taken the lead. Most of the large cap altcoins have shown much capabilities of competing with BTC some years to come. Coins like ETH, Ripple, EOS etc are good ones to consider.

The list of the best altcoins must begin with Ethereum, which is the second most valuable cryptocurrency after Bitcoin.

[Ransow]

Altcoins are good for investments  altcoins are easy way to earn more profits at short term period but we must choose best altcoins because many scam altcoins are alive in cryptomarket so analyse is your investment on reliable a project before investing.

[Ambu]

I believe altcoins because altcoins investment are profitable than bitcoin , the whole cryptomarket is depends only bitcoin price although bitcoin price is high valuable but many altcoins are too low but we must choose reliable projects.

[Seeyy]

Take the best decision for you in the analysis and solve your investment into several portfolios because this is important to minimize the risk of loss. Every person needs investment for their future and choosing the right investment is not easy and requires in-depth analysis and strong analysis.

[Rituvohra01]

I always think that altcoin have good potential. It is very profitable for investing. There are  also many shitcoin in the market so before investing be careful and choose the topmost coin for investment.