Quote from: Viscore on November 20, 2022, 10:10:28 PM

Quote from: TheUltraElite on September 27, 2022, 03:26:06 PM

Quote from: Frengki_cisco on September 20, 2022, 08:19:20 AM

You have hope when investing in Altcoins, of course you have to look at the types of Altcoins, founders, teams, developments in the crypto market and so on, investing in Altcoins takes a long process for you to understand and get profits, in my opinion if you are a beginner just do long-term investments in Bitcoin & Ethreum, it's safer for you.

Without a doubt, the long term investments in well known top list coins are the safest and most rewarding but time consuming.

While this "sentiment" might be good for some investors, most people come in crypto for easy and quick gains and not time-consuming ones. This does not mean that they are bad, but just that their mindset is different and possibly they are in a money crunch and trying some risky moves. For them the downward spiral begins with buying a shitcoin and then watching it go down until it never comes back up.

My honest opinion is that dont try to get into crypto if you are in for short term gains, unless if you have insider information about advisors dumping or something else. Get in to stay for the long and get in for bitcoin.

Always go for a long term investment with bitcoin. Although altcoins are still profitable only if you come to chose and invest with top ten coins in the marketcap, but if you want more secure and guaranteed bigger profits ahead, then stick to bitcoin it. Sometimes, its best to take a bigger risk by buying expensive bitcoin than to settle in less and affordable altcoins and see your investments not growing in the end.

I advise OP to only invest in bitcoin and ethereum at this point. Even the top 10 altcoins there is no guarantee that we will make a profit, FTX and Luna have shown us that bad things can happen this bear season.

Altcoins have the opportunity to bring huge profits but it is not always a good time to invest in it, many people saying that now is the right time to invest in altcoins is a mistake. Altcoins should only be invested when the market shows signs of bullishness, altcoins are not a long-term investment.