Investment in cryptocurrency

flower

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• Mar 22, 2024

• #1

I have few questions to ask With so many new altcoins popping up, how do you filter through the noise and identify the ones with real potential?
I've been hodling Bitcoin for a while now, but I'm interested in diversifying into other cryptocurrencies. Any recommendations on promising projects to look into?

Also i want to know about the new blockchain technology that's gaining traction.

 

nomad

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• Mar 24, 2024

• #2

Check top 20 coins by market cap, and invest in these coins, it will be comparatively safer to invest in popular options. Also avoid going after coins that are getting a lot of attention.

 

Suba

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• Apr 7, 2024

• #3

Even though there are many new altcoins circulating, it will depend on your investment plans and goals, if you aim for short term or trading then you can choose new crypto with high fluctuations.

 

SHAHID987

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• Apr 8, 2024

• #4

In my views investment in cryptocurrency business is very risky. Because nowadays we cannot predict that which cryptocurrency will move up and which will go down. I just purchase solana and after one day I am listening the news that is going to Crashed.

 

Hate2Wait

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• Apr 8, 2024

• #5

I feel its a good option to invest in cryptocurrency but then you should not shy away from the violations of the crypto market and should remain patient and should invest at least for a period of 6 months and I am sure it will be a good investment that will yield profits.

 

Suba

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• Apr 8, 2024

• #6

SHAHID987 said:

In my views investment in cryptocurrency business is very risky. Because nowadays we cannot predict that which cryptocurrency will move up and which will go down. I just purchase solana and after one day I am listening the news that is going to Crashed.

Click to expand...

You are right, no one can predict crypto prices accurately, that's why we shouldn't panic when crypto prices crash, but we must evaluate what causes crypto prices to crash, before we make a decision.