Quote from: hichamito37 on October 13, 2021, 01:42:32 AM

My answer is in 3 things you if all things are equally risky. because in this cryptocurrency market it is very volatile and disappears maybe overnight you wake up that coin has disappeared or is dead no longer active. This is no one can predict that the risk is inevitable.

I understand your apprehension, let me guess - you had some altcoin that went in this manner at some point of time during your trading timeline?

To be honest, you cant expect anything better from altcoins. Majority of them are very high risk assets. Compare them to bitcoin which has a volatility range of 5-10% only over few years, bitcoin becomes the ultimate coin to own for the future, not altcoins. Whatever the altcoin teams say and whatever they promise, they are carrying risk beyond you can imagine. The legal help is almost none when the project decides to shut down and so and therefore your protection as a backer is zero.

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The first thing we should do is to minimize our own risk and learn how to properly manage our investment capital, gain experience and knowledge about the crypto market.

Simple put, invest in bitcoin at lower prices. Then you can sleep for the next 10years and see the price rise and you will be making a lot of profit by just hodling it and if possible cycling the coins through bull and bear.