Post
Topic
Board Speculation (Altcoins)
Re: REASON WHY ALTCOIN MARKET HARD TO SPECULATE
by
lornadane
on 09/03/2022, 05:45:15 UTC
But the bigger the profit we get, the greater the risk we risk.
Even though now the world of altcoins is getting bigger that can benefit us all, but we also have to look at the risks in the future.
Because altcoin prices don't always go up and always give profits.
Of course there will also be disputes, especially if the bitcoin price drops drastically, of course they will also follow the bitcoin price right.

Altcoins are too volatile even before. If we will focus into too many altcoins it will be hard  to assess and earn from it. Better study first their chart and market before investing. I experienced having too mamy different altcoins and not being able to monitor them all that cost me loss. It will be better to have atleast coins that we can focus in long term and in short term provided we know how to manage them properly since they are too volatile to handle.

Me too a few months ago before bitcoin and other altcoins went down like now I bought several different altcoins until I chose the wrong altcoin that I didn't deserve to keep in the long term until now I've lost a lot of money.
I just hope that if the price of my altcoin is at least a return on investment, I will be very grateful rather than not getting any benefits at all.
The selection of a good altcoin turns out to take a long time and is not easy.  Don't as long as the price is good, we buy it right away without us expecting that in the future the price will collapse like what I'm living now.