Post
Topic
Board Altcoin Discussion
Re: Do we just invest in any altcoin?
by
FrozenBit
on 25/06/2023, 13:37:23 UTC
(...)
IMO, the altcoin market is fraught with risks and challenges and there is no guarantee that every altcoin coin will appreciate or survive a drop. Also, there is no guarantee that a particular altcoin coin will achieve long-term success.
So, if you decide to invest in altcoins, choose coins with good upside potential, based on careful research of the projects and its technology. It is important to have a clear and sound investment strategy.
And it is not advisable to invest too much in a single altcoin coin, because this can lead to the loss of your money if the market drops or if that altcoin coin is not recognized in the community. Investing in altcoins is a risky activity and you need to do your due diligence before making any decisions.