yeah it's risky but! with projects like VRJAM it's not, check them out and you'll see what I'm talking about
the truth is that investing in altcoins is a big risk, especially if we are talking about these new projects, these new projects still have to convince investors, they still need to work hard to compete with the projects already established in the market, this is not a easy task, that's why I consider investing in new projects something high risk
today I can say that altcoins have very little risk, because if you enter the current altcoin with a large capital,
I am sure you will enjoy 2x or even 10x profit, because altcoins are really at the bottom, if you know the technical analysis you will understand.
I am sure you will enjoy 2x or even 10x profit, because altcoins are really at the bottom, if you know the technical analysis you will understand.
Let's go to the concrete example, currently we have:
1 BTC = 21000$, ATH was over 66000$ (and 100% sure that in a few years the bitcoin price will reach this ATH once again), so someone buy bitcoin now I already guarantee 3X profit
1 LTC = 54$, ATH was over 370$ (and almost 100% sure that litcoin will not be able to even exceed 350$) so nothing guarantees that litecoin can reach 150$ again and make a profit than 3X people.
Do you know why this happens? while bitcoin has no competitor and already has an established market, altcoins have many competitors and have no established market, this makes new investors discard old projects and stay in new projects, and then when something new appears they discard old things again