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.
Investing in altcoins that may not have future opportunities is very risky. Even a top altcoin like LUNA could be a Scam due to a developer error and FTX went bankrupt with its many scandals. I prefer to get into Ethereum because it is the king of altcoins and has definite growth over other altcoins which are not necessarily as good. Or the main investment is of course just Bitcoin, there is nothing better. For the long term, Bitcoin is highly recommended, we will see a halving occur and it will be a moment when Bitcoin experiences a significant increase like the previous halving.