According to crypto expert Feras, investing in old coins, also known as altcoins, is not a wise decision as an overwhelming 99.99% of them fail. Feras explains that after going through a cycle of accumulation and selling by project teams, altcoins face significant challenges. In contrast, Bitcoin is the only cryptocurrency that has proven its ability to withstand the test of time and remains a reliable investment option.
Feras sheds light on the behavioral pattern of altcoins, which typically follows a two-cycle pattern. Initially, altcoins are accumulated by project teams, venture capitalists, and influential investors. Subsequently, these altcoins are sold to retail investors during what Feras terms the “echo bounce,” often driven by inexperienced retail investors. This pattern reinforces the idea that most altcoins struggle to compete with Bitcoin in the long run. Investors should carefully consider the volatility and risk associated with older altcoins before making any investment decisions.
The original article by Abdulkarim Abdulwahab appears to be neutral in its content and does not exhibit any political bias. It focuses solely on cryptocurrency investment and does not involve any political figures or policies. The majority of the information presented seems to be factual (70%), providing statistical data and expert opinions about cryptocurrency investments. However, there is also some opinion-based content (30%) in the article, particularly regarding predictions about the future performance of altcoins. It is important to note that such predictions can be subjective and may vary among experts. Given the inherent uncertainties within the cryptocurrency market, there is a mix of factual and opinion-based information in the article.
This article is 70% likely factual news based on my current analysis.
