Altcoins are an incredibly dangerous market
Lucrative when you get in early
Punishing if you get in late
Regardelss of the quality of the team or particular project
These things are a speculative gold mine if properly understood but extremeley dangerous if misunderstood
Required understanding includes human/market psycology on a multiple timeframes and an understanding of physical systems, networks and financial tools aswell as a grasp on exponential and logscale maths, drastic % swings.
Beyond this as an investoor you should be careful when and how you approach this early marketplace, understand the halving cycles, the bull bear market portfolios/ the ratio of btc/eth/alts and the speculative frenzy that is the time to take profits.
Lucrative when you get in early
Punishing if you get in late
Regardelss of the quality of the team or particular project
These things are a speculative gold mine if properly understood but extremeley dangerous if misunderstood
Required understanding includes human/market psycology on a multiple timeframes and an understanding of physical systems, networks and financial tools aswell as a grasp on exponential and logscale maths, drastic % swings.
Beyond this as an investoor you should be careful when and how you approach this early marketplace, understand the halving cycles, the bull bear market portfolios/ the ratio of btc/eth/alts and the speculative frenzy that is the time to take profits.
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