Post
Topic
Board Altcoin Discussion
Re: Do we just invest in any altcoin?
by
Freddie Boyer
on 08/07/2023, 09:42:33 UTC
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 already have a name for the X coin that you wrote above and of course it's good and worth investing in. During an uptrend, it is very important to be careful because many low-quality projects flood the market, aiming to capitalize on the enthusiasm of investors and benefit from positive market sentiment. This surge in new projects increases the risk of encountering fraud or unsustainable ventures. It should also be noted that for altcoins, there is an inherent risk of volatility, being more vulnerable to market downturns than established cryptocurrencies.