Quote from: Juse14 on April 20, 2024, 09:07:45 PM

Quote from: Queentoshi on April 19, 2024, 12:56:27 PM

Quote from: Smartvirus on April 18, 2024, 11:22:38 PM

I wouldn’t advise that you take investments, especially one that requires you investing a large part of your portfolio in any other coin other than Bitcoin.

Quick gains are mostly attractive to new investors who consider that they should be able to make profit from cryptocurrency, just the way early investors in bitcoins have. These new investors completely forget the strong foundation that bitcoin has and go for new coins that they believe can blow up quickly for them to make maximum gain from. New investors who are always focused on investing in new coins will mostly be victims of pump and dump schemes.

It's natural that this happens a lot to novice investors, because currently crypto and bitcoin investment has become a trend, especially among young people. Where they compete to generate profits through the investments they make. But as you said, it's a shame that some of them "forget about the strong foundation that Bitcoin has and look for new coins that they believe can explode quickly so they can gain maximum profits." They are really in a hurry to do everything, without doing a further analysis first regarding the coins they are going to buy so that instead of making a profit, in the end the investment they make only results in losses.

So it is quite important for us to spend a little time just studying and understanding the technology and intrinsic value of each crypto asset before investing. And by focusing on long-term investments and choosing projects that have a strong foundation, this can help us avoid fraud schemes and maintain profits in the long term.

But there is nothing wrong with them investing in those new coins. They can invest anywhere they want as long as they know what they are doing with their money, if they are willing to take bigger risks for bigger rewards then they can try with altcoins .
A lot of shitcoins exist in the market but that doesn't mean all altcoins are shitcoins. If many years ago, those who were willing to accept risks and invest in ETH, BNB or Sol, now they will have huge profits that many people dream of. Recently, in 2023, I also invested in Pepe and the profit it brought me was x7 compared to my initial capital. I don't think it's a bad investment.