Hello everyone! Do you still have confidence in altcoin? - page 7.

kapalmabur

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Quote from: SyndicateLabs on August 21, 2020, 07:43:48 AM

Quote from: landoffaucets on August 21, 2020, 03:57:40 AM

People stop believing altcoins because the price of altcoins is not growing as Bitcoin price, but it doesn´t mean that altcoins are dead or they stopped working on development. It is caused by market sentiment because investors are more cautious about new investments

.

People only trust the top altcoins in this market, they are much more careful than before so they will never get stuck with scam projects in this market. Altcoins are always a good investment option because the profits they will bring will be much more than Bitcoin

but many of the top altcoins have not experienced high increases, I can only learn now, because if the altcoin project does not have Defi then the altcoin will not go up, for example XMR, ETC, LTC etc., so follow altcoins that do follow Defi, because of the current trend is there

SyndicateLabs

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Quote from: landoffaucets on August 21, 2020, 03:57:40 AM

People stop believing altcoins because the price of altcoins is not growing as Bitcoin price, but it doesn´t mean that altcoins are dead or they stopped working on development. It is caused by market sentiment because investors are more cautious about new investments

.

People only trust the top altcoins in this market, they are much more careful than before so they will never get stuck with scam projects in this market. Altcoins are always a good investment option because the profits they will bring will be much more than Bitcoin

Gunday_07

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Whales always have a big part to play in every altcoin seasons, I believe that once Bitcoin hits a new ATH they opt out and invest in altcoins and that's when altcoins season starts, it's still good to hold few altcoins but I just prefer IEO profits

landoffaucets

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People stop believing altcoins because the price of altcoins is not growing as Bitcoin price, but it doesn´t mean that altcoins are dead or they stopped working on development. It is caused by market sentiment because investors are more cautious about new investments

.

timmmers

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There are two ways how altcoins can grow in the future.
1. New investors come in the bull run and they will find out that they already missed their lifetime opportunity with Bitcoin, so they start finding cute alternatives - altcoins.
2. Altcoins finally start delivering promised products and it will be proven that they are really useful in everyday life. Cool

Francis Freeman

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I am definitely more the altcoin kind of guy as I believe that the risk and rewards are higher on altcoins.

I prefer it as I take more risk. If you wanna play safe then Bitcoin and Eth are better but altcoins can give you mutiple returns and well as go bust.

ChronoLite

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Quote from: mo on May 23, 2020, 10:09:35 AM

1. In your life, when would you use cryptocurrencies to shop? We know that people like to use cryptocurrencies in the dark web.Is general life shopping necessary?

usually i am using cryptocurrency to pay my general needs such as electricity bill, daily goods etc. i think it is fine to actually use cryptos on such purpose. it hurts you in a long run because u are not supposed to do that but due to the pandemic so it has to be done

Quote from: mo on May 23, 2020, 10:09:35 AM

2. If you use cryptocurrency for payment, what currency will you prefer to choose and why?

bitcoin and ethereum because it is widely accepted around the world

Quote from: mo on May 23, 2020, 10:09:35 AM

3. At present, the altcoin market is very bleak. Do you think this is a buying opportunity?

yes it does, if you bought some 3 months ago surely you could get something in return now

Inkdull

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The higher the risk the higher the profits, that's altcoins for you, we are all here to make profits even if some of us are developers, its still about money making, altcoins have the fastest road to ROI than Bitcoin but also timing is very important, you can make hell of a profit from Bitcoin, for example those who buy in March @ 3600$

maiden

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Quote from: BlacksmithCorporation on May 23, 2020, 12:13:45 PM

In fact, I only use BTC and ETH to pay several times for online accounts, but in daily life there is no option to use cryptocurrencies. Hope things will change in the near future.

i hope too. I don’t think I have any specific Altcoins in this year but I’ve seen a few that’s very great and hoping to acquire more. there are some altcoins which have a very low price, but can still achieve high market capitalization once the coins begin to circulate in mass.

PowerDubs

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Atari Token

Everyone is sleeping on it- and will look back in 6 months and wish they were in earlier.

Ayiranorea

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Leading Crypto Sports Betting & Casino Platform

Altcoins have got potential to provide a bigger profit than bitcoin. Here the risk we've got is the lack of stability. With the top altcoins the risk is low as it has got good volume, liquidity and won't crash in large scale. The price fluctuations will be minimal or limited. With other altcoins that grows high also crashes very fast. If one has got the skill of analysing and understanding the right altcoin, then he can make good profit out of it. This way I believe and have confidence over altcoins.

Bitlover10

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Love is all

Nowadays crypto market in bull run and its makes everyone in positive direction. About alts also have in good mood and some alts performing very well. But before choosing alts during this bull run need to aware. Because if you choose bad alts then it's makes you rekt. So top 10 or top 50 on the basis coinmarketcap could be a good alts to choose during these bull runs. Also keep this things in mind that defi is become greatest sensual things in this crypto market and its makes big fomo. So many projects trying to pump in the name of defi. So be careful and safe that kind of defi announcement. So overall this is good for alt.

Shallow

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Yes I do but not really much because it is only few altcoins that I am confident about. Yes I would like to use cryptocurrencies for shopping but however it should be a cryptocurrency with good transactions confirmation time. The altcoin that I think would serve better is Ethereum, because with how active the team are ,one can agree they are working towards making Ethereum better and stronger. What to implement is faster transaction confirmation time, this is very important because it would look absurd you will pay for a product or service and wait for minutes or even hours for it to be confirmed.

NoG-NoG

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Let me give you an example, when ethereum first launched in crypto world many people don't have any idea that it will boom and will change the game in this society same with many promising altcoins. It is okay to doubt sometimes but if you will be risking something in your life, I can safely say that risking and having confidence in altcoins is really worthy.

bbcolex

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Some altcoin are promising but most of them exist due to hype and money they sitting with, some team would push their project since most of them have a large chunk of the tokens circulating so for them to earn easy money they need to hype their project and sooner or later dump everything. But there is also some project that is promising and legit.

fosco333

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There are many good altcoins in cryptocurrency, as you can see now the value of Ethereum is increasing.
We can expect something good occurred in crypto because many DeFi projects has been created nowadays.

Script3d

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Quote from: Desscount on July 31, 2020, 07:54:30 AM

Quote from: Henrytrust on July 31, 2020, 06:25:43 AM

I still have confidence in altcoin, especially in ethereum, the king of altcoin. There's no way that all the altcoin would be useless, some may not be performing too well, but others would make up for the lagging. I would rather hold some altcoin and Bitcoin than concentrate on only bitcoin. You never can tell where the excess profits may come from.

altcoin can indeed make more profit than in Bitcoin, but only for the spot market, if you try the future then it's the same, there is no difference between Bitcoin and altcoin, I'm also comfortable on Ethereum for a long period of time

There's more profit and risk when you invest in altcoins, you can make more profit when investing on low marketcap coins than the top altcoins in the market, both short term and long term but that depends on how will the project grow.

Desscount

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ComboLabs

Quote from: Henrytrust on July 31, 2020, 06:25:43 AM

I still have confidence in altcoin, especially in ethereum, the king of altcoin. There's no way that all the altcoin would be useless, some may not be performing too well, but others would make up for the lagging. I would rather hold some altcoin and Bitcoin than concentrate on only bitcoin. You never can tell where the excess profits may come from.

altcoin can indeed make more profit than in Bitcoin, but only for the spot market, if you try the future then it's the same, there is no difference between Bitcoin and altcoin, I'm also comfortable on Ethereum for a long period of time

glowing10

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Quote from: BigBos on July 31, 2020, 04:37:16 AM

Quote from: ?? on ??

I have confidence when I trade altcoins because I know what I'm currently doing. There are a lot of traders who doesn't have strong confidence because they do not have enough information about what they are into. I trade and buy altcoins that have potential where it can have a good movements in short period of time. There are certain criteria that I keep following for me to find good altcoins like the daily and week ly volume and also I identify and validate the trend first.

I also believe in an altcoin. Even though I haven't traded actively until now, but I still hold some altcoin which I think will pump a high price. however, until now there are still quite a lot of altcoins that still have great potential.

Altcoin does have a good potential to grow and it will be a good if people are able to identify those coins which can give them best returns or multiple times it can grow from current price. Diversify the risk as well so we are not just investing in 1 coin rather in multiple coins and one of them grows 10x or so we will end up making good money. With bitcoin price rising, altcoins will also follow but not all coins will rise. On must select accordingly.

Henrytrust

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Activity: 238

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I still have confidence in altcoin, especially in ethereum, the king of altcoin. There's no way that all the altcoin would be useless, some may not be performing too well, but others would make up for the lagging. I would rather hold some altcoin and Bitcoin than concentrate on only bitcoin. You never can tell where the excess profits may come from.

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