Post
Topic
Board Beginners & Help
Re: How to Make Money in Crypto and not lose it as beginner
by
Porfirii
on 24/06/2024, 12:32:51 UTC
<snip>
But for altcoin trading, I think everyone still needs to look at the moment while being able to contain the risks when the market gets worse, because trading in altcoins also has no guarantee of big profits if the moment is not yet right. Although every trader who still maintains his assets is not said to be a person who has lost even though the value of his assets has decreased.
The potential for profit on altcoins is also not closed if people choose top altcoins because top altcoins will also reach ATH when Bitcoin experiences a price spike to reach the latest ATH. Only a few top altcoins such as Ethereum are included in investment recommendations if Bitcoin's capabilities are not there.
Regarding trading, I don't know what to say because long-term investment is more promising.

Don't underestimate the idea that all investments in cryptos, even in Bitcoin, are highly risky and a "lottery" somehow. You may think that an altcoin will go to the moon, and perform worse than BTC, or think that the price of BTC will slowly go up, just before a sudden dip happens (or even worse, enter a bear market). You can expect, based on past performance, that top coins always recover in the long-term, and be wrong one day.