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.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
Yes, there's the potential.
But not all of them will give you that potential so be careful in choosing them. It's because too many altcoins will just give you the hype feeling but eventually, that's going to be gone and you'll never like it.
Bitcoin, altcoins, or any projects, you need to pick the best that you can base on what you know about them. You DYOR before investing your money but if you're trading, you just can look for it on exchanges, see the volume and have them spot on.
Altcoins have always the potentials to be profitable in the future but only good and established altcoins will do. Some are just too good to be true projects that will only create hype at the beginning and then eventually lose their value in the long run, so we should learn to avoid those type of projects. Also, its said that altcoins have bigger risks than bitcoin, but investing both into good altcoins and bitcoin will give us assurance to generate more profits in the end. No need to focus only in altcoins, reserve funds for bitcoin since it will always be the most prominent asset in the market.