Post
Topic
Board Speculation (Altcoins)
Re: Are new altcoins being too risky? Current market trend
by
Biznesmen
on 20/09/2023, 17:10:54 UTC
I am active again after a while and a lot has changed but the apathy of tier two altcoins remains same and it's absolute sham because most of the tier two altcoins have hit rockbottom and to a point of no return and some trusted coins like LUNA, FTX, Celsius, and BlockFI etc where people have lost their life long savings and on the other hand we have tokens like Solano, XRP, XLM, BNB, ADA and Matic who are heading on path of recovery. It's clear that you go with top altcoins (even this involves risk like fate of LUNA, FTX, etc) though there are slight risk of losing but probability of losing everything is even more in other altcoins whose prices are dipped within few seconds after their launch. It's better to invest in established coins rather than newbies.

Please share your opinion.

The lack of interest in Tier 2 alt coins may not change, but investing in them does. Because not everyone is lured by the glitter. They adapted their actions due to their losses and the experience. Scammers, fake websites, and other influencers used to play a big part in crypto scamming, but today people are aware of them and on alert for them. Before making an investment, investors are reconsidering. Additionally, there are numerous scam detection tools and systems accessible today. Many people have debunked the myths around cryptocurrency. People are purchasing Tier 2 alt coins as a result, but they are conscious of their investments and their motivations. Even newbies are making purchases there, but their groundwork is solid nonetheless, thanks to all the reliable cryptocurrency guidance. People will fall into traps, but at least they are aware of what they are falling into.