Quote from: GigaBit on April 11, 2024, 06:42:24 PM

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 ?

There are quite a few differences between altcoins and bitcoins. Bitcoin is definitely an established coin. In comparison, not all of the altcoins are established. Moreover, there are a lot of altcoins in the market, if you invest in those coins, sometimes you get more profit, but after a long time, those coins lose their value drastically. Although the value of Bitcoin also decreases, after a long time Bitcoin can create a new ATH which is not possible for all altcoins. We have seen altcoins in history where a few of those altcoins survived after getting an ATH, but there are many altcoins that no longer exist. Of course, in investing in altcoins, an investor should select some altcoins that are fundamentally strong. There are some top altcoins that build smart contracts on their platforms or have their own chains. Among those altcoins I prefer Ether and BNB coin.