Post
Topic
Board Speculation (Altcoins)
Re: Altcoin investments have become risky this day.
by
Inspiron14
on 30/08/2022, 17:54:08 UTC
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.
So far I think most of the Altcoins have a higher risk than Bitcoin, Maybe there are some Altcoins whose price is down but not as deep as Bitcoin's price decline like BNB, But it's very little.
BTC $68,000 >> $21,500
BNB $680 >> $290
But most of the Altcoins have dropped in price more deeply than Bitcoin's decline.
Harmony $0.37 >> $0.022
Dogecoin $0.73 >> $0.069
Solana $260 >> $36
In addition, Altcoins also have a risk of fraud, and various other problems that can occur such as the LUNA incident.
Higher reward=higher risk
The formula is simple as that, you have to invest in gem altcoins for minimizing possible risks as mentioned on the thread, and maximize the potential ROI.
The downtrend is more catastrophic for altcoins because of whales selling alts to reinvest in top cryptocurencies.
Anyways, the only way to be profitable in bear market season is to have open short orders on both altcoins and top coins on the CMC list.

short selling is not always profitable for you, you need to be knowledgeable and know how to analyze the market etc, not everyone is suitable for everyone, not everyone can trade and make a profit
bear market is a time when we should learn to keep money rather than make profit, i am not a good trader so I choose to hold rather than trade short
However it must be adjusted to our abilities and indeed most of the time during a bear market it is not a good time to sell,
having skills in analyzing is very important because it will be very useful,
short-term trading is not easy especially with the current conditions