Should you invest in Altcoin?

[bayiajaib]

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 You should invest in altcoins.  You can buy several top 10 coin and hold.  because I believe cryptocurrency  will be more valuable  at the future.

[Seerge]

What you say is true, sometimes someone or a group has played with the price of an Altcoin, and they get a big profit from it. But as a true investor, we need not be afraid to face such a thing, we must be smart in analyzing market prices and continue to monitor the price of the coins we invest. We must keep investing in Altcoin, because from there we can get faster profits.

[Cryptoz]

Yes,  I think You should invest in altcoins.  You can buy several top 10 coin and hold.  because I believe cryptocurrency  will be more valuable  at the future.

It is a nice advise, buddy. Investing on top altcoins is a right way to keep our assets values during bear market. It also minimize possibility to be a scam or dead coin. I think you have realized this reasons before suggest to another one.

[Prime]

this is a golden opportunity to buy up all digital assets for the next year because all assets move up and this has happened from 5 days ago

I don't say it is a golden chance, but it is a good opportunity. It may be happened 5 days ago, however you don't make it as the only indicator to gain profits. Everything my change in cryptocurreny, the scenario can change sometimes.   

[88percent]

Investing in altcoins is a great idea. I think altcoins is the best choice for investment right now. I assume most people prefer to choose altcoins than bitcoin as investment because the prices can increase easier than Bitcoin. 

[dashik704]

Even despite the bear market, I think that altcoins are definitely worth investing for the long term, the main thing is to choose coins more carefully!

[hermae]

In my opinion, yes it is a good option to invest in altcoins. Just make sure that you have checked its background first, check if they have a working project and all to avoid being scammed. Check everything and if you think that such altcoin you choose is good, then trust your instinct and go for it.

[vanjava]

For me altcoins investment is a pretty good investment if you choose a well-developed alt. now the alt investment is very popular with many people and is an alternative to gold or stocks. I also want to invest in altcoin.

[Word]

I think you can also buy Altcoin now, because now the market price is also a good start for increasing all altcoins, so I'm sure you will also get a lot of benefits.

[MUGNIA]

choose altcoins that have a good market share and prices are not so bad, and must be stressed if you want to invest don't use your wife's spending money.

[Malyaa]

I think altcoin is also the right choice to get profits in a short time, because the current market price growth is getting better, so I suggest you can invest in Altcoin now.

[Confero]

Altcoin has faster coin movements, and of course this will make us get faster profits too. besides, there are lots of altcoins that we can choose which are the best and which ones have good potential. Therefore, in my opinion we cannot just rely on Bitcoin, and we really have to invest in Altcoin.

[shadow.bishop]

If you want to rich immediately, you should invest altcoins. Let's compare both corresponding situation;
BTC price is 4 k nowadays, if btc price will increase till to 20 k, your profit will be 5x.
On the other hand when btc will 20k, it means bull will start so every altcoins will be started to pumped. Let's choose one of them; wanchain, that is my favourite altcoin. Wanchain price is 0,3 usd nowadays. When the bull starts i believe we will see 20 usd (we saw 10 usd in last bull) maybe even we can see 50 usd also. If it will reach till to 20 usd, your profit will be approximately 66x.
As a summary, i believe investment of altcoins will be more profitable.

[Chomzzy]

I agree completely with your submission here.
I have learnt how not to go about investing in altcoins and the pitfalls to avoid to be successful in Cryptocurrency market.
The information came at the right time considered I just joined Cryptocurrency and making plans too best some day.
Thanks for the information.

[indexx]

I think altcoin is also the right choice to get profits in a short time, because the current market price growth is getting better, so I suggest you can invest in Altcoin now.

Some can gain profits in a short time, but we cannot apply it for all altcoins. By the way, market is decreasing now, it seems the rising time just ended very soon. I think we should be careful to buy, think before we decide certain coins.