Quote from: Essential10 on February 21, 2024, 11:25:02 AM

Quote from: Nikita2024 on February 14, 2024, 09:59:28 AM

Altcoins offers a lot of new opportuniities for people, but not all of them are useful for people. It is necessary to remember that a lot of fake altcoins and fake projects appear.

New alt coins in the market offer very attractive, low prices, many people invest in new coins in the hope of high profits. At present Bitcoin price is above $50k, very cheap new coins are entering the market with a lot of pump to focus on Bitcoin price increase. Many are falling into the trap of new projects, investing in fake projects and losing money. A lot of altcoins pumped up during the Bitcoin bullrun, so we need to be smart about investing in the right coins. I am optimistic from alt coins, a lot of money can be earned from here too if I keeping investing in coins like Ethereum, BNB, Solana and hold it.

New altcoins pump now with different list and sometimes this coins might serve as ponzi scheme where as investors will put all their money unknowingly. I believe people behind those new projects just know the time to launch and create new tokens, this is just like a trap and they decide to launch the project now when we're getting close to the bull market. People will be easily deceive due to the fear of missing out but those real investors will never fall for this trap, some investors might still not know due social influencers that's why it's advisable to do your own research first before buying any token.