Post
Topic
Board Altcoin Discussion
Re: Do we just invest in any altcoin?
by
Yatsan
on 05/06/2023, 15:29:56 UTC
During you can earn profit if not allowed for investing in any altcoin, but I have specific altcoin for investing and looking with current market standing position in 10th placed or not. No recommended invest in shit coins and coin under 100th position standing on coin market cap, usually ETH is my favorite altcoin for investing and consistent earn 3% until 5% in daily day depend when investing and time for selling. Not worth invest in any altcoin without research about their fundamental is potential coins or not.
Investing in altcoin requires some risk. Because there are some coins in altcoin which you can get more profit if you invest in them. But if you invest in wrong coin you can lose your money. So think before investing in altcoin.  Invest. I think ETH and BNB are very popular coins and if you invest in them you will never lose money. So I thought to invest some money in them.
Every coin has its risk and potential. No coin will gige you assurance that loss won't come on your end simply because market price of cryptos are volatile in nature, as we all know. Altcoins in comparison with Bitcoin, has more volatile market price but follows the trend still. ETH and BNB are indeed good options but to be too confident with these altcoins, will never be advisable. Always expect for the worse case scenario simply to prepare yourself with sudden price changes and avoid panic whenever the market price is falling. Always manage the risk. Investment will only seem to be a gamble if you won't have any plan on your pocket.