Altcoin Crypto Trader Confronted With Family Investment

In a recent post, a popular altcoin cryptocurrency trader with over 400,000 followers on social media shares a cautionary tale about investing on behalf of family members.

Although Altcoin warns Gordon about the risks of crypto investing, his aunt tells him that he should continue due to financial losses.

Altcoin trader finds himself in a difficult situation.

Altcoin Gordon announces to his followers that his portfolio has grown by an impressive 40 times by 2023, which is in line with recent crypto market increases. However, this was not consistent throughout the year.

The famous businessman revealed to his followers that he found himself in an awkward position earlier this year when an investment from his aunt went bust.

But my aunt gave me $10K at the beginning of the year to invest for her, which I sadly lost.

In addition, some “family members are now suggesting that they give her some of their profits,” he said.

In addition, he said, he “explained the dangers to her.”

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Altcoin trading focus changes throughout the year

Ethereum (ETH), the largest altcoin by market capitalization, recently hit an 18-month low against Bitcoin, BeinCrypto reported recently.

At the time of publication, the price of Ethereum is $2,272.

However, some suggest that ETH is headed for further decline. It has been reported that if ETH continues to struggle, the entire altcoin market could be at risk.

Meanwhile, on August 24, BeenCrypto reported that as of July 2023, the number of Ethereum (ETH) wallets will account for the majority of crypto participants.

While Bitcoin faces the lowest volatility risk, 4,500 wallets hold 50% of the asset supply. ETH offers the highest exchange rate, because 131 wallets hold half of it.

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