Are new altcoins being too risky? Current market trend
Are new altcoins being too risky? Current market trend
I am active again after a while and a lot has changed but the apathy of tier two altcoins remains same and it’s absolute sham because most of the tier two altcoins have hit rockbottom and to a point of no return and some trusted coins like LUNA, FTX, Celsius, and BlockFI etc where people have lost their life long savings and on the other hand we have tokens like Solano, XRP, XLM, BNB, ADA and Matic who are heading on path of recovery. It’s clear that you go with top altcoins (even this involves risk like fate of LUNA, FTX, etc) though there are slight risk of losing but probability of losing everything is even more in other altcoins whose prices are dipped within few seconds after their launch. It’s better to invest in established coins rather than newbies.
Please share your opinion.
We could say that even if it was an established project, we can really feel confident, no is not. We still consider crypto investment risky but it was too risky in investing in new projects as we are uncertain about its performance. We must have to be cautious when choosing crypto, too many of them but I was sure that those old projects like ETH and BNB are the best project to choose from. If we are into investing, it is not really all about how much we possibly earn but what matters most is we have at least assurance that we can earn some, not losses.