Post
Topic
Board Altcoin Discussion
Re: Why are investors so sceptical about Altcoins?
by
errorcode99
on 02/04/2023, 19:15:41 UTC
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?
I have seen several investors who lost hope in altcoins because of their personal experience, after investing in a potential altcoin with all the indicators showing a profit for them finally crashing. Some of what I can learn from other people's experiences with Altcoins. The Altcoin market is too big and for me that is the problem, I advise investors to limit themselves to Altcoins which have a good market record.