Post
Topic
Board Altcoin Discussion
Re: is it still risky to Invest into Altcoin now?
by
wajik-tempe
on 28/11/2023, 14:15:59 UTC
Both altcoin and bitcoin investment involves risk taking, some professionals said that the more the risk, the more the reward.
Altcoin investment will always be risky at anytime irrespective of the bitcoin price movement, if the price is moving in positive direction, altcoin investment if proper research is done is profitable, but if the price movement go the other way round, then it is very risky to invest.
Generally, altcoin investment is more riskier than bitcoin investment.
Altcoins' recent volatile surge, outpacing Bitcoin gains, suggests a risky market. While potential profits exist with thorough research, the quick gains and abrupt losses underscore the uncertainty. For those seeking immediate profits, engaging in quick trades may be a more prudent approach, given the current unpredictable altcoin market dynamics.