Post
Topic
Board Altcoin Discussion
Re: A single alt coin which gives you profit multiple times?
by
Yatsan
on 04/12/2022, 11:05:00 UTC
For me AVAX (avalanche) Is the coin i got good profit in this coin by investing 5 times.

First two times i got huge profits.
But after that not huge but that was also the good profit by holding same coin.



Almost every shitcoin is capable of giving you returns as long as you invest on them earlier and cash out when they are at peak. What most people do is they are entering after the big whales accumulated so when they dump the investors will be in loss. I don't really trust any project because its already existing and we are in bearish days so there is uncertain situation for the shitcoins to pass along these days.
Every coin has a tendency to give such high profit but tendencies won't mean being certain of something. Altcoins are known for high rate of increase in terms of their market value which gives huge returns to i vestors. Problem is, their market value is too volatile which adds risk from investing to such tokens. Usually, tokens which are not yet released, having or creating noise in this industry are the best ones to invest if you are into alts. But as I've said that won't guarantee things.

I'd sugget lowering investor's assumption of profit. Diversification could have a bigger tendency to lessen the risk than to go all in with one token alone given that no clear patterns would be seen in the market.