Post
Topic
Board Altcoin Discussion
Re: Newbies are safer with top altcoins
by
soulripper
on 18/09/2020, 07:28:24 UTC
that is indeed very good advice for beginners who are just joining the cryptocurrency world, because investing in cryptocurrency is very risky compared to other investments, because there are so many novice investors who lose big because they want to get rich quick.
The desire to get rich quick is not wrong, because everyone also wants it, only if in crypto we also have to be observant and have a strategy so as not to experience losses at the start of investing, because all investments do have risks, it's just that the amount of investment risk is there inside crypto.
Even you're investing in crypto getting rich quick is not possible because it takes time and depending on the market movement. During bullrun many investors are earning profit so if you invest huge amount in a good coin then your profit is huge as well. Though we are not certain on when are we going to wait the bullrun, the last time is on year 2017. Investing in top altcoins are safer compared to new coins.
For this year we can see investors are more interesting at Defi projects and that a good sign to invest on but we all aware that defi projects are the one that we should be more careful as the scammer seem to be interested also at defi projects and a lot of fake projects has being made out there. Invest with extra careful as uniswap are their top place to make a big scam this years.