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Altcoins News

Buying Altcoins is a Great Way to Also Lose 80-90%

Buying Altcoins is a Great Way to Also Lose 80-90%

Community Trust ScoreVerified

94%
Real
Verified18 votes
Updated 4 years ago

Lark Davis Expressed: Want to protect your wealth? Buy bitcoin. Want to get rich AF? Buy altcoins.

Community Reaction: Most people buying alt coins aren’t going to keep that wealth if they get it.

It is dangerous to say without any context, People will buy shit coins and get rug pulled, with the “want to get rich AF” sentence. People always do your research before buying a coin!

What is AF?  After Flippening.

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Agreed flipping strategy only applied on Altcoin instead of Bitcoin, But which ones.

Can I get a list of altcoins I should be buying now? I’m buying AVAX & Matic. Trying to get a decent size bag, but it’s not going up fast.

This is so sad.  Buying the bags of VCs. 99% of retail buy the bags.

I bought bitcoin and lost more than 70% so I don’t know what you are talking about.

Is there a thread where you talk about your alt coin picks? Do you consider Ethereum an altcoin? Which altcoin would you recommend?

They are nuanced. We have:  Protocol coins, Utility tokens, Security tokens, and non-fungible tokens, But to an investor, there’s only 2 types of altcoins. Oscillators and De-generators.

Dogs are such good meme coins.  Buying alts is a great way to also lose 80-90% of your investment, if you don’t time it correctly.

Which altcoins do you recommend?  He’s tweeting this to get interaction, not help the people.

I agree. 40k in an altcoin can make u a wealthy man. The 40k in 1 bitcoin will give you shorter maximum 10 to 15k on top.

What if Bitcoin goes to 5 million and 90% if the alt coins go away? Would seem silly to be messing around with anything else.  You are absolutely right. As we said in yesterday’s tweet. Bitcoin is like a “sure” bet.  But making a “lot of money” comes from other new projects that are based on good ideas.

Misinforming the public. if they hold your bag in a bear market, they’ll lose everything.  Volume is way down from the last couple of years.

You can also lose everything. Be careful, education is key. Start with Bitcoin.  Don’t buy altcoins if you don’t know what you are buying. Study!  I wish someone had told me this in 2020.

You want both long-term/short-term capital preservation and untold wealth, then trade on Bitfinex. Moreover, altcoins are in high demand there.

Buying alt coins, isn’t easy.  You experience a lot at some point. Especially, if you did wrong research to buy a dormant token.

Most alts are zero sum game. Everybody thinks they are the one to sell higher to the other. Sorry, but if you consistently know how to get rich with alts, you also know how to get rich in any market.

You know what you need to do with your crypto profits? Get yourself an apartment on the beach in Dubai! DM me and I’ll get you the best deals.

Want to protect your wealth and get rich? Buy bitcoin. Want to lose money? Buy altcoins.

 

Community Trust IndexModerate Confidence
94%
Real
Real94%6%Fake
18 community signals

Steven Anderson

Steven is a technology-focused writer with a strong interest in emerging digital trends and innovation. With experience spanning both travel and online projects, he brings a global perspective to his reporting and analysis. His work reflects a practical understanding of how technology, markets, and digital platforms intersect, offering readers clear insights into developments shaping the modern tech and crypto landscape.

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