Quote from: bluedeep on Today at 09:07:57 AM

Quote from: LastKiss on April 07, 2023, 11:04:00 AM

Quote from: Weawant on April 07, 2023, 09:27:21 AM

Quote from: Marcellin9 on January 30, 2023, 06:15:08 AM

Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.

No altcoins is trustworthy, they're just there to make us profits and we don't have to trust them to achieve those profits. Altcoins are very volatile than Bitcoin which makes trading them very good since price difference are always there.

Altcoins that might be reliable or trustworthy to you now because they're the hottest coins doesn't mean it'll stay that way forever, the narrative of an altcoins can change in matters of seconds and becomes a scam or not profiting investment.

When investing in an altcoin, always have it in mind that you could lose all your money due to the project been rejected by the community or unprofessionalism by the founders of the project that makes investors not trust the project anymore.

Well, not only altcoins but Bitcoin, stocks do not give us a guaranteed to get profit in the future, That's why it's recommended to do some research before investing in any altcoins project especially when a bull market is near there is a lot of new projects only want our money without any real development. A project that has good progress according to their roadmap and a good team in the project is worth to invest.

In addition to investing in altcoins, if someone keeps investing in Bitcoin, then he can make a lot of money. And if he sells the invested coins thinking that he will lose after investing, then he will never be able to make a profit from investing. But his money There will be a possibility of loss. Therefore, before investing, think carefully and then invest.

That is the importance of planning first because investing in crypto is certainly full of risks,
make the wrong decision will cost you,
for long term surely the best option is to invest in top coins and that is no doubt about it.