Quote from: JayTrain on March 13, 2023, 06:49:39 PM

Quote from: Ojima-ojo on February 25, 2023, 01:15:38 PM

I am not an altcoin fan but lately, I have spent some time on the alternative cryptocurrency board and I have seen a lot of topics bordering around whether or not to buy some coins and this makes me wonder why altcoins investors are full of uncertainty and always wanting to know the opinion of others before they invest.

Is there any other reason for this other that the high risk and high volatility of altcoins compared to bitcoin?

Are they asking because they know there are special skills in altcoin analyses or some people are good at picking g g the right coin to invest in?

Altcoins are known to have higher risk and volatility than Bitcoin, which can make investors feel uncertain about their investments. Additionally, the altcoin market is vast and constantly changing, with new coins and projects popping up regularly. As a result, investors may seek the opinions of others or rely on specialized analysis to help them make informed investment decisions. However, it's important to do your own research and due diligence before investing in any cryptocurrency, as ultimately, the decision and responsibility lie with the investor.

I believe that the volatility will depends on what altcoin we are talking but majority of the altcoin is just as volatile as bitcoin especially those who have active market pair. I also think that not all investors are seeking a public opinion about the project given there are so many shillers in the market and a seasoned investor can identify a good project with the available public details. With the rise and increasing projects, Investors has developed their own way of detecting a good altcoin project from bad ones. Even new investors is trying to copy what seasoned investors do in filtering up projects.