Quote from: colinistheman on June 22, 2024, 06:31:26 AM

Quote from: Psalms23 on June 21, 2024, 01:12:37 PM

Surely, new altcoins can be super risky, especially cuz they often don't have a proven track record. The crypto market's pretty volatile right now, with prices swinging up and down wildly. Some investors see potential for high returns, but many altcoins fail or get caught up in scams. It's a mixed bag, and folks gotta do their homework before jumping in. I'm sure thats basic knowlgde.

Not all the new altcoin are risky one,because even a Ethereum was launched as new coin and ruling the altcoin market.So if the project is really a potential one,it will shine in the market for the longer period then expected duration.Even the Ethereum core team doesn’t think,the Ethereum will shine like this at the initial phase.Some project does work for the short term duration by generating capital and fly with the small bag of profit.If the project ready to shine for the longer period,it should be loyal to their investors and supporters in the market.

It's all about the development of and features of the altcoin, some of the altcoins are cheap at the start but after a couple of months or years the price are going up but this will still depend if it has potential like Ethereum. And right now, even though there are new altcoins we still need to research before we put our money into it.

Investing in BTC or altcoin is risky and you don't know when the market will go up or down, and that's why knowledge and experience are a must before you jump into the cryptocurrency world.