Quote from: BinarySumo on Today at 06:22:48 AM

New traders want to make quick profits. Thats why they invest in altcoins. And not all altcoins are worth it. They can be highly volatile, which can make them risky to hold for the long term. Moreover, There may be less information available about altcoins compared to more established cryptocurrencies, which can make it difficult to make informed investment decisions.

The primary objective is to make money, which makes sense, but many people are motivated by greed and ignorance. Once it reaches its previous high, the return on investment for Bitcoin will be 400 percent. For them, 400 percent is insufficient. They want to make a fortune bigger than the potential of Bitcoin. Because only a few altcoins will make it, the majority of these people lost their investments. Additionally, the majority of those altcoins that succeed would not endure for very long. Long-term holding of altcoins is extremely risky.