Quote from: Xal0lex on April 14, 2022, 06:46:17 PM

Quote from: Lanatsa on April 13, 2022, 08:53:15 PM

In short, it was never been easy to speculate altcoins since from the start and someone who do claim that they could predict on where the price would be going then its a pure scam or trolling.

We do have top ranks and we do have low caps which is something that we could involved with but of course the level of risk would totally be different on each coins you are dealing with.
This is part of the main risk that we would really be needing to face on if we do decide to deal with this crypto market.

It's not about predictions. Any crypto asset is very hard to predict because the crypto market is unpredictable and very shaky. Everything can be going well, but then one piece of news ruins everything. A prime example is May 2021, when China announced a ban on cryptocurrencies.

But that's not the point of my previous post. The point is that most altcoins are created simply to make a quick buck from the crowd, the hype, and the trends. All these altcoins have no other idea than to get rich quickly and they don't solve any problems. Something similar is now happening in NFT. Most of these tokens are worth absolutely nothing (except for their minting value), but for some reason, the owners of these NFTs value their tokens so highly.

You are right one can not identify the usage of most of the altcoins in the market today as most of them are created as a joke and yet made the developer huge money but the ultimate investors wallowing in waiting for when the price of those coins will rise to a new all-time high and the waiting have no timeline because the crypto market is a highly volatile one