Post
Topic
Board Altcoin Discussion
Re: Trying to decide
by
KnightElite
on 13/07/2020, 01:08:28 UTC
I'm not into Bitcoin really but looking for a high reward possibility coin.  ANy insight or thoughts on any of these? or any high reward/risk ones you guys like?
I don't have a huge amount invested, but thinking about just going all in on Cardano and just holding to save the stress of looking any different ones.

WOuld love any tips or suggestions.  I like CHarles- Cardano alot, I really get the vibe they are onto something big....
I just wonder why you are ignoring bitcoins; probably you must be so far missing out something really good for getting you attractive ROI but you are trying something different from most other investors are doing here. Honestly this is not an appreciable way of investing in this crypto space. You must choose bitcoin as your primary investment opportunity and along with bitcoins you can diversify your portfolio with any other altcoins. There cannot be any reason for anyone to ignore bitcoin because bitcoin must be the top cryptocurrency to get us big return for our investment in same time frame.

Among many altcoins that you have mentioned, I am familiar with only Ada. It performed too good in last 2 to 3 weeks and if it got power to continue its rally then it may attain $1 value very soon given that BTC is continuing its struggle under $10k levels. Still, I suggest you not to go for 100% with altcoins as recommended level for altcoins is only 20% the maximum Smiley.
Diversification is important and we should not go all in a specific investment, there are a lot of traders who suffering huge losses because they do not know the importance of diversification. They go all in in a specific altcoin then they regret it later if the incur losses. For those who will make investment with altcoins, identify it the trend and do not rely to its price. There are some traders who are buying altcoin just because it is a cheap and they are hoping that its price will skyrocket easily; it is a bad mindset that can lead you to suffer in huge losses.