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Thread: Is Altcoin dangerous?

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    Is Altcoin dangerous?

    Why most of the investors prefer to invest Bitcoin than Altcoin? Do you think Altcoin is more dangerous than Bitcoin?

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    Quote Originally Posted by Newbie_trader View Post
    Why most of the investors prefer to invest Bitcoin than Altcoin? Do you think Altcoin is more dangerous than Bitcoin?
    Altcoin is more stable than Bitcoin. People prefer to buy BTC because it's more popular than Altcoin.

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    Yes I read a lot that altcoins are dangerous. I see the ridiculous rises and falls in the charts.

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    Altcoin has a limited innovations and I think it's the reasons why traders afraid to try this coin.
    Last edited by Mr. Cid; 02-28-2018 at 04:35 AM.

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    It looks like most of the alt coins track bitcoin, broadly speaking. One might wonder if any of the altcoins are designed to be more adoptable as currency than bitcoin (anybody old enough to remember betamax vs VHS will know what I'm talking about here) and would have a chance of passing up bitcoin in adoption over the long run. I really think it's way too early to tell, and that would make them unsafe (among other reasons that they might be).

    That said, any kind of investment is a risk vs. reward proposition. You're not going to see big appreciation without big risk. People who want to be safe buy treasuries.

    Watch enough blogs, news op-eds, etc. etc. (and yes, forums) and you'll hear that bitcoin is also a shitcoin in a lot of people's opinion. I don't pay a lot of attention to the debate because it's all unfounded opinion at this point - around 7 or 8 billion people in the world and they all have opinions about something, so they're pretty cheap.

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    It is not that Altcoins are dangerous but there are some people who use it for fraudulence. There are many promising altcoins for projects that are useful. So let us not generalize altcoins to be dangerous.

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    It depends on which altcoin you are investing in. Bitcoin has already established stability and security that is why more people prefer it.

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    Quote Originally Posted by AbdulShiek View Post
    Altcoin is more stable than Bitcoin. People prefer to buy BTC because it's more popular than Altcoin.
    Is it really? I thought that Bitcoin so far has the most stable transaction flow.

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    Altcoin doesnt look dangerous. Considering the price levels this is like the ideal time to invest into it. There is a strong rally now and the prices will jump up beyond the reach of investors soon. Buy now and sell later.

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