Risk takers can continue.

[laijsica]

Those who have made huge profits from altcoins were lucky or if you review their history you will see that there are more experienced investors among them. I only follow those investors who are doing Bitcoin without any problems. And most of the alts are not suitable for long term investment and are risky. It would be the right decision to invest in Bitcoin for the long term instead of following those lucky ones.

I think buying altcoins is not a wrong decision but to go to that stage of investment you should follow the right investment process like practicing and gaining experience in long term investment.

[ZeroVinsonN]

It is true that investing in Alt coins is as risky as gambling, there is no assurance of money by investing. Alt coins can disappear at any time, so I think it is completely foolish to invest money here. Bitcoin is unstable, but by investing money and holding it for the long term, we can hope for success in the future, but Alt coins have no such hope. It is very wise to invest our hard-earned money in Bitcoin instead of investing in Alt coins.

Alot of people have made good money from altcoins so they will not be very inclined to agree with you and they won't be wrong because while you haven't seen any benefits in altcoins they have and they liked it, it's the same way gambling works, most have lost too much to it but a select few have been able to make food money from it and to them there is absolutely nothing wrong with gambling, those who have benefited massively from trading altcoins share this perspective too and they won't stop until sometime bigger convinces then to do so, like a massive liquidation event.

[mrust_mobile]

Some people made huge money from alts but some also lost theirs irreversibly. We tend to see the good examples and ignore the bad ones usually. If you want to invest in alts go invest in them but never fully. Never go full retard.

Always have a btc ballast in your portfolio because alts can go to zero, btc will never go to zero. It might lose its market cap by 80% but it will recover as it always has been. Look at litecoin for example and litecoin is one of the good ones. A decade ago it was $50 and it is barely above $100 nowadays.

[maydna]

That is your decision and no one can prohibit you. If you can search for the coins, you have a chance to increase your capital by making a profit. But if you think that is difficult, you'd better not play with altcoin and leave that while you can choose Bitcoin as your main investment.

Temptation to make more profit from altcoin will be there, making people want to try it. Most people don't understand that they must have skills to search for the coins. If that is the case, it is better that they stick to Bitcoin without putting altcoins as their investment.

[Nahl]

High risk high return probably this is the statement how to describe to invest in altcoin because if you were putting huge amount of money into the particular altcoin you will have two possibilities that if success you can became an the millionare because if you were pick the right altcoin the profit will be very fantastic and make you rich

But the question is how many altcoins can give the profit from hundreds or thousand percent to the holders because if we speaking about the percentages probably less than 1% we can found the altcoins which have potention just like i said above and do not forget too sometimes luck is necessary because to gets huge profit from altcoin we should have luck too

[Y3shot]

You have right to invest whatever you think is good for you because it is your money. No one can stop you from investing altcoins if you want to but the only advice and awareness that is always given is to know that altcoins are very risky and more volatile and if you must invedt in altcoins first do your own research to know the altcoin that is worth investing because their are lots scam altcoins and if you dont do your research you may end up investing in the wrong one. The reason why bitcoin is always recommended it is because it is very reliable, so if you want to invest in altcoins try to make sure you do your research and invest in the reliable one.

[Awaklara]

however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.

But do you know the feeling of a new coin investor who manages to make a large amount of money in a short time? The effect is like someone addicted to gambling. What happens is an addiction to finding and investing in new coins. You know the risks. You are unlikely to find a new coin that will give you a profit. 
It is true, not all new coins are bad. Those who are willing to take risks will not face objections to buying new coins. It is their money, and they can do anything they want with it.

[SuperBitMan]

I agree with you, anyone who is willing to invest in Altcoin can go on and do that as long as he has the mind of doing that and he's using only his discretionary income to do that, even investing in Bitcoin is risky, bitcoin investment is not 100% out of risk especially if you are a bitcoin trader.
But I will also advice that if you are investing in altcoin you should be very careful because a lot of those coins are scam, they are usually sometimes created by some set of people and when they announce it and people start investing in it and the coin start growing those that created it immediately sell off their coin and then make huge amount of profit and those who invested lost because immediately they sold their large amount of that coin the value drops.

[Powerjumboo]

Altcoin investment can bring very fast profits and people can achieve a lot of success in a short time if they are lucky but for this you have to take the highest risk because Altcoin investment is the most risky. I always like to invest in Bitcoin I don't like Altcoin investment because I am not willing to take the highest risk I will take a little risk and hold it for the long term as needed but even then I will not invest in Altcoin without Bitcoin. But if someone can take the risk and try then it is definitely worth trying because many people have changed their lives in a short time by investing in Altcoin.

[alankasman]

You have right to invest whatever you think is good for you because it is your money. No one can stop you from investing altcoins if you want to but the only advice and awareness that is always given is to know that altcoins are very risky and more volatile and if you must invedt in altcoins first do your own research to know the altcoin that is worth investing because their are lots scam altcoins and if you dont do your research you may end up investing in the wrong one. The reason why bitcoin is always recommended it is because it is very reliable, so if you want to invest in altcoins try to make sure you do your research and invest in the reliable one.

Each person has their own right when it comes to investing in either altcoins or Bitcoin. Whether we experience the risks or not is up to us, and if we experience the profits, we also experience the rewards, and vice versa.
I also agree with what you said earlier that before making a decision, it's best to research where we should invest, because regret always comes at the end. So I also recommend what we both want to do, whether in altcoins or in bitcoin. And most importantly, when making an investment, you must be sure and believe so that we don't lose money by doing research first before doing it so that the choice we choose is the right choice that we rely on.

[martinex]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

Yes, I've heard comments from users on this forum who claimed that trading with $25 capital could turn into $1000 in altcoins. This can happen if the timing is right, and you're right. Usually, memes with high-rise qualifications are hit hard and fall back down within seconds. I paused for a moment, and when the price rose, a sell-off was immediately initiated, either by the owner or even by buyers when the price was low. There's no conscience here, it's a concept of "eat or be eaten" when trading memes. Even if the price drops, it's very difficult to return to its original value, leaving only regret.

[Popkon6]

Bitcoin investment is the safest and the risk of getting more money benefits is much higher. So those who invest in Bitcoin are basically ideal investors and they are able to hold Bitcoin for a long time. However, another strategy to keep Bitcoin away for a long time is the DCA method, those who follow the DCA method and invest in Bitcoin are able to maintain their Bitcoin investment for a long time.
They deposit some amount of money regularly every week or month, and after depositing in Bitcoin for a few years and following the DCA method regularly, their Bitcoin investment continues to grow. In this way, it is possible to maintain Bitcoin investment for a long time.

[liasbaa]

Altcoin investment can bring very fast profits and people can achieve a lot of success in a short time if they are lucky but for this you have to take the highest risk because Altcoin investment is the most risky. I always like to invest in Bitcoin I don't like Altcoin investment because I am not willing to take the highest risk I will take a little risk and hold it for the long term as needed but even then I will not invest in Altcoin without Bitcoin. But if someone can take the risk and try then it is definitely worth trying because many people have changed their lives in a short time by investing in Altcoin.

Many stories of getting rich in a short time lure traders to buy altcoins. I have heard many such stories but in reality I have seen very few such traders. Most of them were experienced and did a lot of research about the market but even after that they took risks and very few succeeded but most of them lost money through trading like gambling. While trading seems easy from a distance, it is actually a very complex strategy and making money from this platform is risky like taking risks in gambling. To me, long term Bitcoin investment (DCA strategy) seems safer than any other investment.

[aoluain]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

That person the OP knows is very lucky and in the minority. Most of us who have been
here from the crazy days of the ICO's will be able to remember the absolute chaos and losses
that were made from Altcoins of which there are thousands and backing one is a pure lottery.

Unfortunately stories like this are what is still feeding the hype and the belief that you can
become rich without too much effort and that 1000x is possible.

[bangjoe]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

Of course, you have free space for yourself in determining anything in your life, including in investing whether you will diversify or not is up to you, as long as you understand the risks that you can bear.

Most people do that and he only realized that altcoin was not worth investing in after a long time of holding, the motivation is the same as what you know, in the end it will end up the same, altcoin is traded not invested, so if you understand this you will know that your friends may also be like that.
And know the sweetness of money that is obtained from the profitable altcoin? of course back to bitcoin to be held in the long run.

[Promocodeudo]

I agree with you, anyone who is willing to invest in Altcoin can go on and do that as long as he has the mind of doing that and he's using only his discretionary income to do that, even investing in Bitcoin is risky, bitcoin investment is not 100% out of risk especially if you are a bitcoin trader.
But I will also advice that if you are investing in altcoin you should be very careful because a lot of those coins are scam, they are usually sometimes created by some set of people and when they announce it and people start investing in it and the coin start growing those that created it immediately sell off their coin and then make huge amount of profit and those who invested lost because immediately they sold their large amount of that coin the value drops.

We can't stop anyone to invest in any crypto project of any kind after all is there decision and money that's involved, but we won't stop telling them the truth about how untrusted and shady some of those projects are.
I wanted to say something where you said Bitcoin is not free from risk but when I stumbled on your instances on traders then I understand that, traders are the reason what you made that statement but I have a question for you to that effect, let's put traders aside, can you compare Bitcoin and altcoin in terms of risk? The last time I checked, Bitcoin out out performed any shitty thing out there and with the continued dominance it has over those shits, we can bit our chest to say Bitcoin has done well.

The risk in Bitcoin to some people is the volatility and in really sense thats not risk, it is just the concept and functionality of the system that triggers that and we can't help it, so to me I don't think there's any other risk we can point out in Bitcoin or is there any?

In conclusion, everyone have the right to make there choice but it won't be wise for an investor to invest in something thats not worth risking for irrespective of the amount involved because money is money no matter small is it but anything risk is been left for the risk take to decide whether what he's risking for is worth it, this sincere opinion.

[Kelward]

What I can say is that buying altcoins are gambling your funds, except for a few top altcoins that have some potentials most of them are scams, if you're not lucky enough to exit at a perfect timing with what you can grab your funds will become worthless. I see most new crypto projects in the market as get rich quick schemes, they are no different from Ponzi schemes which if you you're not lucky to exit before it crashes you lose everything. You can always gamble on shitcoins with amount that you can afford to loose because they are very volatile and can be dead at anytime. Bitcoin is different it has proven many times that it will always recover after dip, if you want a long term asset to hold for profit look no further than Bitcoin.

[Sammye3]

The best advice for newbies to trading should be avoiding trading on altcoins and gain the basic knowledge before investing.

Study the risk, analyse the charts and minimize the losses, building the mentality that the market is not all a bed of roses and it could all go wrong on a bad day.

Yes, it is true that people have made millions or more from altcoins but that should not rule out the risk involved in altcoins investment as they could be very volatile and the losses on the long run could outplay the profits.

Altcoins is not for the weak so it's best to invest in a trusted asset that is less volatile and it's movement is not influenced by external bodies or centralized entities. That is BITCOIN...

[aylabadia05]

I have seen someone who invested in Altcoin that was new and made money from that investment huge amount of money that has changed his life forever, if you don't like taking risk is up to you but allow people that love it to continue doing it, I always see people saying investing in AItcoin is a very wrong decision but to be honest is not, if you are a risk taker, you can be investing in Bitcoin because Bitcoin investment is a very good investment and it's more safe when it comes to cryptocurrency investment however that those not mean you can't use some liftover from your Discretionary income after you have accumulated Bitcoin for that week or month to try another coin it most not be done every month or weeks just some times.
But if you know you usually don't like playing around with your funds then stick to Bitcoin because is more safe.

I've also experienced making money from a coin I didn't expect to sell for a high price. Shortly afterward, the coin disappeared from the market. Not all altcoins are bad investments if someone is brave enough to invest, as experienced and long-standing investors who invest in certain altcoins have experienced the situation and conditions, as well as the profits and losses they can incur.

However, I don't recommend investing in it, especially with junk coins.
With Bitcoin, I can provide a detailed explanation based on data, history, and future opportunities if someone needs it.

[Fuso.hp]

In my real experience, I have seen many people who have invested in altcoins but have not been successful so far. They were inspired by the increase in the value of those coins that did not have much value in the market but suddenly the value of those coins increased by thousands of times and then the investors I know thought that if they had invested in these coins earlier, they would have owned a lot of money now and this money could have changed their lives. In this hope, they only invested in those coins whose value was after a few zeros but so far they have not seen success. $ 5 or $ 10 can be wasted on these, but you should never give your entire investment focus to these coins. If you have to invest, you should invest in Bitcoin consistently, thinking about the safety of your money. Investing in coins other than Bitcoin means a lot of gambling.