Quote from: tvplus006 on Today at 10:22:40 AM

Quote from: Sunrise360 on August 31, 2022, 02:09:48 PM

As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins...

You need to understand that if you have a small capital, then it does not make sense for you to invest, since this is a long-term process during which you will be able to increase your capital. In this case, the best solution would be to trade altcoins, which are more volatile and can give a profit in the short term. But in any case, you need knowledge in order not to lose your money.

Depends on where he puts his funds. Some project doesn't really need huge capital to begin with. We all know that the crypto market offers short-term, medium-term, and long-term investments.

The short-term investment includes meme coins and shitcoins which is really risky but if an investor found a hidden gem among the shitcoins, he will be surprised how much he will profit from investing in this hidden gem.

One example is those who invested in Shiba Inu. It is true many consider this altcoin to be one of the shitcoins lurking around the market but we cannot deny the fact that early investors had greatly profited in this project. For example, I invested around $42 in this token, and months later, my $42 investment profited a whooping 5000%+.

Despite the profit, I will always say that do deep research on the cryptocurrency you wanted to invest @OP and don't just listen to whatever you hear or read on the internet. Verify them first before believing