Quote from: arjunmujay on Today at 07:50:25 AM

Quote from: Sayeds56 on Today at 07:03:18 AM

Quote from: kentrolla on November 14, 2023, 09:00:36 AM

I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?

Every kind of investment is associated with with certain degree of risk, and cryptocurrencies market is comparatively safer now, due to its inherent nature of volatility.

However, considering the growing institutional interest and upcoming halving event, currently risk factor could be lower and investment in Bitcoin and alts market can potentially yield good return in coming month. However, it is crucial to exercise caution, specially when investing in altscoins, and focus on only top 20 project those are well reputed and established with strong historical track record of performance.

That's right, altcoins in the top 20 have proven their reliability and value stability. However, if you are still unsure about choosing an altcoin investment, choose ethereum.
It is clear and proven that there has not been a very drastic decline in decline from year to year. I myself also have many assets here besides bitcoin of course. for other altcoins I only set aside a few.

Ethereum and bitcoin are certainly the least risky to invest in, but the profit can be much less than from other projects. I think it is better to do research on other projects and invest part of your deposit in them. I am sure that some new projects will be able to repeat the success of solana for example.