Post
Topic
Board Altcoin Discussion
Re: Is Altcoin Safe for Investment
by
ShowOff
on 24/01/2021, 18:23:03 UTC
Investing in altcoins is more dangerous than in bitcoin but it may be more profitable. In any case, you should be aware of the fact that you can lose money in this.
The risk of investing is a loss and everyone knows about it unless they are really stupid.
Bitcoin and altcoin are profitable cryoto investment asset but can also be detrimental due to their volatility and price fluctuation. Investing in altcoin is not wrong if it is done with the right analysis and done on the right asset. The wrong choice of investment asset can result in losses because if it is done on new altcoin or altcoin that are not well known, then the price growth is very difficult to occur.

But no one can say that investing in altcoins is risk-free.
But you can still minimize that risk. No investment is risk free even if you invest in assets backed by the government. Because price are always changing, you have to know what to do if expectation don't match reality.