Quote from: Finestream on June 18, 2024, 08:55:51 PM

Quote from: Z-tight on June 18, 2024, 10:29:17 AM

Quote from: HideYourKeys on June 18, 2024, 09:37:24 AM

I have also noticed that during these two last years, the altcoins are not getting much attention, some of them will never recover from their peaks. This next year we might see a shift in the altcoins behaviour

When you talk of a shift, do you mean a positive or negative one?

As far as i know, altcoins have always had the problems you talked about, a few of them pump and dump, and from there they do not rise again. Now that there are more altcoins with every passing moment, it becomes even more difficult to get lucky and find the ones that will generate you any profit, that's why a lot of people rightly say that investing in altcoins is similar to gambling.

Altcoins investment will only be right and profitable if you are investing in the right coins. But even so, it’s still hard to chose the right altcoins these days as every new project that is born in the market claims that they are legit and profitable, when in reality altcoins in general are not that profitable anymore these days.

That’s why it’s not surprising to see people shifting into bitcoin and invest into bitcoin at a maximum level. Although diversification is still the best option, but you can always invest in bitcoin and outside cryptocurrency like stocks and real estate, there are still high probability that you will end up successful.

Have you asked yourself how do you affirm that an altcoin is the right one to invest in? I do not know much but the little I know and I have come to realize is that only Bitcoin has been 90% confirmed to be the right cryptocurrency to invest in not minding the investment risk in general. All investment has risk but some investments are bound to bring profit and Bitcoin is one asset I know so well that so many have invested in that has brought profit to investors for years now.

It is preferrable to invest in Bitcoin aggressively than investing in altcoin at all. One can give you profit in the long run and has the tendency to dump and degrade to zero in value. Which would you prefer?