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?
Investors are sceptical about Altcoins is because of the high volatility risk involve in investing in it. During the hype majority of the altcoins offer investors an opportunity to earn with high rate of returns which is a very good strategy to attract the investors to invest. But since most of us here now do not just grab this opportunities we rather evaluate and study first if it is worth it to invest in a particular altcoin. There are a lot of altcoins became successful during hype but ended up just a scam. An altcoin can be successful it depends on the developer for its continuous development and its investors who keeps on supporting the project.