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.
Altcoins are always risky, especially if they’re new. That’s not a market trend, it’s just something that new projects all have. Investing in well-established coins or in new coins is really just a matter of what you want, if you want more profits, investing in new altcoins would be better since if they were to be say, the next ETH,XRP or something, then you’d gain big if you were an early investor. If you want something more stable and relatively safe, then invest on coins with a well-built reputation, but don’t expect insane gains. Just like how it is in Bitcoin, you can’t exactly see 1000% or 10000% gains anymore. There is the saying the greater the risk, the greater the reward after all.