Tips for Altcoins Investment

[Kyoshiro]

Credits: Block Geeks

Investment of altcoins is necessary though many of them were created and become valueless after a short period of its price peak. Up to now, still, thousands of Altcoins are created which reckons on the idea of a higher competition in the market, thus, investing takes a very high risk. It is hard to find whether a newly released Alts would get a percent gain. You can invest, but you have to be practical. Invest a small amount of money which you can live without a complete loss of. It is recommended to have a deep research and to be updated in cryptonews, forums and websites that are correlated in cryptocurrency who gives tips about invesment.

Since the number of trades in Altcoins are very low, the pump and dump rate is critical. Whales, who certainly holds a lot of Bitcoin, could manipulate the market. They can rapidly increase the price (pump) and lower it (dump) even faster as some Altcoin can crash and couldn't recover before having a profit.

It is also important to focus on projects with potential. Good Alts have diverse community, also check for the background identity of developers. It is important to know them better before giving up any investment.

These Altcoins can be traded for bitcoin and other altcoins such as Ethereum and Monero (XMR). Some can be traded for FIAT which is common in USD and Euro.


Additonal informations are highly appreciated.

[owmivmen]

Good tips for beginners who want to join and invest in Crypto. The need to know what things are good to start investing in Crypto. The importance of information and understanding to invest in a few coins. this will make a big profit if users can manage their assets.

[Lukasz]

The rule I use

Would I actually use the service given the circumstances , so usually I pick utility tokens since I believe a lot of strictly money exchange services will go bust .

[moonking]

Nice, informative segment.  What I'm hearing a lot from experts in field, is too use money one can afford to loose, to invest in crypto.  I don't think everyone follows this rule, since very few people can actually afford to loose a thousand dollars.  And gains from smaller amounts are not life changing. 

[ayatoslaw]

good tips for small investors, because you have to be careful when moving,
because if you have bought coins and the price continues to fall then the money held cannot be rolled until the price rises, in contrast to large investors, he can have a lot of reserve funds behind to anticipate if the funds are being dumped.

[marshmellow]

A very good way for beginners who want to join and invest in Crypto and fight in it. The need or need to know what things are good to start investing in Crypto. The importance of information, high understanding and extensive knowledge about crypto to invest in a few coins. this will make a huge profit if users can manage their assets well and wisely while they are in and doing business in the Crypto world.

[TripleVodka]

Thanks for sharing this great knowledge, this will be useful for a newbie who want to start investment, I hope you can keep sharing another good tips in this forum.
Happy Investment