Do you trust the altcoins, and meme coins apart from the bitcoin?

[Stardom22]

The experts have it that only the Bitcoin is the most reliable and trusted as the main crypto currency on the Blockchain. Investments on the altcoins and other tokens is really very dangerous especially on the aspect of the pump and dump case scenario. What did you think?

 

[SilverLance]

Some altcoins can be pretty volatile and prone to pump and dump tactics. Investors should always do their homework and carefully evaluate any crypto before putting their money in.

 

[mrki444]

Strong altcoins like LTC or BCH are good for invest and they follow jump as BTC goes up. Meme coins are not predictible but still you can earn money if hold them enough long and don't wait with sell when price go up.

 

[Stardom22]

There had been circulating rumours on the web, that the altcoins and more especially the litecoin is expected to make a catastrophic surge in it's price and surpass that of the Ethereum so soon.

 

[SilverLance]

We'll have to wait and see if litecoin actually beats Ethereum in price, but it's smart to stay cautious and think things through.

 

[Stardom22]

I think that can happen in a very long time in the future. I have seen that it's not easy to happen any time soon.

 

[codescript94]

I believe that bitcoin, like other cryptocurrencies, has its investment risk, but meme coins for me are like a scam if there is no company behind it and a story, so in this case I am wary.

 

[SilverLance]

Meme coins can be particularly risky due to their lack of underlying value or purpose beyond being a trend or meme.

 

[Suba]

In my opinion, to invest in altcoins, memecoins and Bitcoin must have different strategies, meme coins are more widely used for short-term investment and trading. Although often famous people's tweets pump the price of Doge and SHIB but we should not be tempted to invest in the long term.

 

[SilverLance]

I agree, meme coins like Doge and SHIB are more suited for short-term trading because of their volatile nature and reliance on social media hype.

 

[Xtynehappy]

Of course yes. Cryptocurrency is not meant for the bitcoin alone. Also the altcoins and meme coins have their contribution on the cryptocurrency space for sure.

 

[Min George]

There are altcoins that absolutely deserve to be trusted. I don't have trust for meme coins though because they are just pump and dump.

 

[SilverLance]

There are certainly some legit altcoins that have strong technology and use cases and they deserve to be trusted.

 

[SilverLance]

Litecoin was designed to be a "lighter" alternative to Bitcoin, mainly because it has lower transaction fees than a lot of other cryptocurrencies.