When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？
Bitcoin has experienced a very rapid increase in price. Bitcoin is getting tremendous attention from the public. This moment is used by people to create new altcoins with the sole purpose of gaining personal gain. Many modes of fraud are in the name of altcoins so caution is required when entering into new altcoin investments. My advice is to be careful when investing in altcoins. Among altcoins, there may be scam coins, which only attract users to invest through private sales, or presale discounts. Scam coins can use a website that stands out or boasts a large community to create the effect that other people will feel scared if they miss the moment.
with the high price of bitcoin and its dramatic increase, so many new projects appear to take advantage of this moment, so with a busy market, they gather investors to enrich themselves, because many of those projects end up being scams and taking investors' money away, or many undeveloped projects, to the detriment of investors. actually even though it's a new project but it has the products needed, I think it's worth investing too