Many people, especially young people, are trying to invest in altcoins. The reason for their reluctance is that they are bombarded by numerous recommendations from digital media. Maybe their choice is truly correct for the time being, but most of the time the money they spend is lost in speculation.
One more important factor is that Bitcoin and Ethereum are too expensive to buy, and because of the huge volatility, the chances of losing money are also great. Even though all the coins in the encrypted industry are navigating the same path, in order to be truly profitable, one must understand the situation of the market and the coin's history. The market cap also has so much importance for coin profitability. Many people in the encrypted world first verify the existing market cap and then search its ecosystem.
Finally, I would recommend that if you are investing in altcoins, then invest for a short time. When you are able to make a limited profit, you need to exit from the altcoin and invest in the big market coin to be profitable for the rest of the time.
Do you agree? If not, tell your story.
I agree if we talk about BITCOIN, if we talk about Ethereum I don't know. Ethereum has very expensive transaction fees even today.
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