Post
Topic
Board Altcoin Discussion
Re: Do we just invest in any altcoin?
by
CryptoBaron_
on 31/05/2023, 11:29:20 UTC
I really wants to know from the high members those I think that knows more than me on altcoin. I have came to understand that whenever we are heading close to bull or just say nearly we always have new projects launching on a regular basis to stand a chance to enjoy the bull trend as well I often noticed cmc are being flooded with shitcoins in other for them to attract investors, who will invest in their project to enjoy the full wave of bull market  and after which there comes a delisting of many since they can't afford to meet up the exchange standard. Example of those exchange are Binance, any token or coin that got listed in their exchange without meet up to the standard they quickly gets delisted quickly.
Now my question is, do we just invest an altcoin to take advantage of the opportunity to make some x in return?
Because I know altcoin rarely survive the dip maybe after bull run.

I think you have answered your own question. Altcoins are only created to make a profit. It doesn't matter how it happens, whether it's x on the exchange or your investment, which will eventually be lost,meaning i.e. your money will go to someone else. The result is always the same, someone makes a profit and someone loses money. For altcoins it is a normal cycle.

I have to disagree. There are projects out there that you can invest in that can mix TradFi with DeFi. When you have a crypto project backed by a fund that relates to the token price then its different. The fund brings in traditional money to the crypto space, so its not a case of just buying an altcoin, handing over the money to the developers and them running away with it. I agree that is all to common but there are other alternatives.