Don't Gamble Your Earnings on Altcoins

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Posts: 22 · Reputation: 36
#1Sep 20, 2020, 11:51 PM
Not trying to freak anyone out but this graph should wake up those betting everything on altcoins. I’ve lost thousands, and honestly altcoins deserve way less of your portfolio compared to Bitcoin.
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0xNovaFull Member
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#2Sep 22, 2020, 10:26 AM
Right? Altcoins are crashing hard, losing 70 to 90 percent. Some people are convinced altcoin season is coming back soon, but I wouldn’t hold my breath. Prepare for the worst, folks.
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0xN1njaSenior Member
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#3Sep 22, 2020, 01:01 PM
Most altcoins, especially memecoins, aren't here to solve anything. Developers are just looking for money and that traps a lot of investors. Stick to Bitcoin and be smart.
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mr_blockMember
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#4Sep 22, 2020, 03:56 PM
I feel for the ones jumping from project to project looking for easy gains. Developers don’t care about your investment; they just want to cash in. Real talk: memecoins won’t last.
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nick_hawkMember
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#5Sep 23, 2020, 08:38 PM
Exactly! Most just want quick cash, following trends for the next big thing. Bitcoin is the solid option. Those altcoins that keep hyping up rarely go past their ATH.
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#6Sep 25, 2020, 09:23 AM
Developers of altcoins aren't aiming for longevity; they focus on quick profits. If you want to invest in altcoins, be patient and do your homework. Or else, you’re just buying a scam.
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0xGuruNewbie
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#7Sep 26, 2020, 11:54 PM
Altcoins are like firecrackers bright but short-lived. They don’t deserve much of our hard-earned cash, since they could vanish at any moment.
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eric51Member
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#8Sep 27, 2020, 12:28 AM
Best way to manage your money? Spend wisely. Are altcoins retirement plans? No way. Better to stick mainly with Bitcoin for a stable future.
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#9Sep 27, 2020, 09:15 AM
Managing funds well means having a solid plan. You gotta minimize mistakes. Altcoins can be risky, not all are bad, but focusing on Bitcoin is just safer.
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seed_2013Senior Member
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#10Sep 27, 2020, 01:12 PM
I read somewhere about the increasing number of dead cryptocurrencies. The market is flooded with them, and it’s sketchy how many are just here to cash out.
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atlas100Senior Member
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#11Sep 27, 2020, 03:14 PM
People are after big rewards, which is why they’re trapped in altcoins. I did that too, converted my Bitcoin into random altcoins huge lesson.
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#12Sep 27, 2020, 05:08 PM
Greed kills people in this game. Newbies and veterans both get sucked in when they chase the next shiny coin instead of sticking with Bitcoin. Ain't that the truth.
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mark.bossHero Member
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#13Sep 27, 2020, 09:39 PM
+1, it’s all about managing risks. If you really want altcoins, keep it low percentage in your portfolio and focus on Bitcoin.
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dan.wolfFull Member
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#14Sep 28, 2020, 01:42 AM
Can’t argue with that. Altcoins come and go, but Bitcoin has a proven track record. It's risky to go all in on something that could disappear.
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chris_gasMember
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#15Sep 28, 2020, 02:45 AM
Yeah, and regulation might help clean up this mess. Not saying it will fix everything, but it could help prevent scams.
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whale420Senior Member
Posts: 242 · Reputation: 853
#16Sep 28, 2020, 04:19 AM
Totally! Holding too many altcoins without a plan is a trap. Stick to Bitcoin for long-term gains.
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tom_satMember
Posts: 40 · Reputation: 155
#17Sep 28, 2020, 06:20 AM
Why risk money on new stuff? Many of these projects are a waste. People investing small amounts are basically gambling with high-risk coins.
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just_satNewbie
Posts: 7 · Reputation: 35
#18Sep 29, 2020, 08:53 AM
Exactly! You gotta invest smartly. Diversifying is good, but know the coins that are worth it. Otherwise, you’ll end up holding trash.
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0xGweiFull Member
Posts: 14 · Reputation: 310
#19Sep 29, 2020, 09:11 AM
Invest in coins with history, not some random new project. Top 10 coins are safer bets. I don’t mess with memecoins anymore.
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0xHashMember
Posts: 140 · Reputation: 210
#20Sep 29, 2020, 02:47 PM
Seriously, altcoins are mostly down. I doubt many will recover. It's like a sea of scams out there.
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