Quick profit is the only reason why we invest in Altcoins - page 2.

AVE5

full member

Activity: 350

Merit: 128

Quote from: wxa7115 on February 19, 2024, 12:07:18 AM

Quote from: Dailyscript on February 18, 2024, 09:06:34 PM

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

This was not always the case especially at the early stages of this market, back then when bitcoin was still the only cryptocurrency in existence, enthusiasts were willing to invest in new coins, not because they were after material gain, they simply wanted to see how far the idea of the blockchain could go.

So they joined hands with some developers that were around back in those days and gave them the money to develop their projects, eventually some of them became successful and they made a lot of money, which is what eventually fueled icos, NFTs, meme coins and all the many different bubbles we saw since.

Are you trying to say some bitcoin Investors are shareholders and invested their funds to pump the speculations and brings forth value to the AltCoins of today? I wouldn't being doubt if you say yes because since bitcoinehas been the first existing Crypto currencies in existence just as your earlier said, it was in doubt by some individuals that the development might not be a trusted one but only those investors who know about the reality potentials of bitcoin technology would have the strong mindsets to ignore what people may say about the development when a new AltCoin is introduced and only then the bitcoin Investors could have guts to Invest their funds to those newly introduced AltCoins with an analogical logarithms paving a way determine the potentials of the coins.

bastian466

sr. member

Activity: 1372

Merit: 251

PredX - AI-Powered Prediction Market

Quote from: Bushdark on March 09, 2024, 06:04:14 PM

Quote from: bastian466 on March 08, 2024, 09:52:36 AM

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

There is huge profits to make investing in altcoins and we don't have to miss this opportunity rather than sticking to only Bitcoin.
We need to be aware and ready to invest in altcoins because this is the only way we could make reasonable profit from the market without any panic although there are bad projects that could take our money if we are nut careful investing in altcoins without diligent research about the team and how far the project could go.

However, huge profits can be made for those who are lucky enough to invest their money in new altcoins smoothly. Well, the main problem that has not been resolved is how we can distinguish which altcoins are good to invest in that promise multiple profits. because not everyone has that skill

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

When it comes to investing in altcoins, there are many people who think that way because they don't see any success for the upcoming years with the altcoins they invested their money with, that's why they always make short-term investments and they are quick to sell their crypto as soon as the price reaches their desired price. Some others are keen and motivated to hold their altcoins no matter what the others said about their investment and they don't seem care to what the event in the crypto market whether the price gets down or not moving at all because they have a high aspiration for their long-term investment.

xandriel

sr. member

Activity: 586

Merit: 251

Quote from: Sophokles on March 09, 2024, 05:32:44 PM

Quote from: xandriel on March 09, 2024, 08:16:45 AM

It would be a lie to say no when you invest in altcoins and don't expect x10 or higher returns. But sometimes, I still invest in some altcoins for fun, to play their game and buy stuff, but it's a small amount and not worth much. Cool

Buying altcoin to play games! GameFi project requires their users to buy tokens from the open market to access their game? I didn't know that as i have always seen, all of those games are free to access and the only usecase of their token is in their marketplace where items and upgradeable things can be purchased. Its not new for investors to buy a token for fun. I have heard about some people who bought some token just for fun which turned into fortune later on.

I used to play an RPG NFT Game just for fun, using some profit from Bitcoin to buy stuff like weapons and armor. I used 80% of the tokens just to upgrade my character. Suddenly, the token increased by x70. Lol, I feel so regretful; if I hadn't bought all that stuff, I could have had a lot of money.

Bushdark

sr. member

Activity: 1008

Merit: 262

Vave.com - Crypto Casino

Quote from: bastian466 on March 08, 2024, 09:52:36 AM

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

There is huge profits to make investing in altcoins and we don't have to miss this opportunity rather than sticking to only Bitcoin.
We need to be aware and ready to invest in altcoins because this is the only way we could make reasonable profit from the market without any panic although there are bad projects that could take our money if we are nut careful investing in altcoins without diligent research about the team and how far the project could go.

Churchillvv

member

Activity: 66

Merit: 5

Eloncoin.org - Mars, here we come!

Quote from: bastian466 on March 09, 2024, 04:22:12 PM

Quote from: Churchillvv on March 08, 2024, 07:10:53 PM

Quote from: odunybiz on March 08, 2024, 06:36:11 PM

Quote from: bastian466 on March 08, 2024, 09:52:36 AM

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

This is people's believe about altcoin but most people or newbie has forgotten how risky it may be. Altcoin may be Lambo or nothing (labalaba). Only few altcoin do well just as we think while others end up as a scam project. Getting to know real altcoin involves an intensive research and which most people are too lazy to do.

I think I'm a good example of the lazy people who would rather not invest in this shitcoins (alt-altcoins) instead I would better stick to one that has being doing good already.

Since there are millions of Altcoins in the crypto space it's very difficult to find a trust worthy project that one could invest in. I have been trying to find good Altcoins but it's not working so I don't bother myself anymore.

The major reason i ever thought of investing in altcoin was the fact that Bitcoin can not longer give the quantity of profit like it gave to it's early investors and as such new coins /tokens are coming up and performing almost the same but although they are scams plus but at least before it vanishes we would make profits from it.

makes sense and investing in old and experienced altcoins can be the best solution, for example choosing the top 20 altcoins listed on coinmarketca and it is still the main problem faced to be able to distinguish which of the many altcoins can be trusted. To be honest, I'm still having trouble solving that problem. therefore I invest more in old altcoins

Although I prefer to stay with coins/ tokens that has been performing in the last few years but its still also a good idea to wager with new coins that is only dependant on your research, if you're convinced enough to take the risk then you can stake an amount that you can afford to lose.

If one keeps betting around newly introduced coins he or she could fall into a coin that will do so well and can pay off all other losses. For instance I have a free $100 dollar i can decide to split them $10 dollar each to a coin I'm excited and believe in hence one could be in a good profit.

Above is just a rational thinking of me but i only stick to already known coins.

Sophokles

hero member

Activity: 1232

Merit: 516

Quote from: xandriel on March 09, 2024, 08:16:45 AM

It would be a lie to say no when you invest in altcoins and don't expect x10 or higher returns. But sometimes, I still invest in some altcoins for fun, to play their game and buy stuff, but it's a small amount and not worth much. Cool

Buying altcoin to play games! GameFi project requires their users to buy tokens from the open market to access their game? I didn't know that as i have always seen, all of those games are free to access and the only usecase of their token is in their marketplace where items and upgradeable things can be purchased. Its not new for investors to buy a token for fun. I have heard about some people who bought some token just for fun which turned into fortune later on.

bastian466

sr. member

Activity: 1372

Merit: 251

PredX - AI-Powered Prediction Market

Quote from: Churchillvv on March 08, 2024, 07:10:53 PM

Quote from: odunybiz on March 08, 2024, 06:36:11 PM

Quote from: bastian466 on March 08, 2024, 09:52:36 AM

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

This is people's believe about altcoin but most people or newbie has forgotten how risky it may be. Altcoin may be Lambo or nothing (labalaba). Only few altcoin do well just as we think while others end up as a scam project. Getting to know real altcoin involves an intensive research and which most people are too lazy to do.

I think I'm a good example of the lazy people who would rather not invest in this shitcoins (alt-altcoins) instead I would better stick to one that has being doing good already.

Since there are millions of Altcoins in the crypto space it's very difficult to find a trust worthy project that one could invest in. I have been trying to find good Altcoins but it's not working so I don't bother myself anymore.

The major reason i ever thought of investing in altcoin was the fact that Bitcoin can not longer give the quantity of profit like it gave to it's early investors and as such new coins /tokens are coming up and performing almost the same but although they are scams plus but at least before it vanishes we would make profits from it.

makes sense and investing in old and experienced altcoins can be the best solution, for example choosing the top 20 altcoins listed on coinmarketca and it is still the main problem faced to be able to distinguish which of the many altcoins can be trusted. To be honest, I'm still having trouble solving that problem. therefore I invest more in old altcoins

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

Quote from: bastian466 on March 08, 2024, 09:52:36 AM

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

I agree partially with you, and yes, if it is for short-term investment, altcoins could be reliable, but for long-term investment, they are not reliable. Not even Bitcoin is reliable with more than 2 years of investment investment delay, otherwise, you will see your profits slipping through your fingers again.

Cryptocurrency as a whole has its good and bad days, we should endeavour to outsmart the industry during the good days of the bullish season, and get to liquidate our assets during the bad days which is the bearish season. You do not expect the person who bought many coins/tokens at a higher price that has not recorded a /25 comeback to be happy. This means that they will have to wait for over x25 multiple returns before they can even hit their breakeven level not to talk of earning returns from their investment.

Many of the altcoins would never hit their ATH again, that's the bitter truth, or should I say it could take decades for them to achieve that again. Therefore, being smart about this as explained above is the way out.

xandriel

sr. member

Activity: 586

Merit: 251

It would be a lie to say no when you invest in altcoins and don't expect x10 or higher returns. But sometimes, I still invest in some altcoins for fun, to play their game and buy stuff, but it's a small amount and not worth much. Cool

Rasa nanas

full member

Activity: 1442

Merit: 108

I think investors invest in altcoins because of the hype and utility. So far these are the only two reasons that are my reasons for investing in altcoins. for example I invest in ETH and BNB because of the utility these two altcoins have. and I also often invest in altcoins that are currently hyped in the hope that the price will rise and I will make a profit.

pinggoki

sr. member

Activity: 1666

Merit: 426

Totally agree, I've got the same reason for investing in altcoins but rather than quick profit, I invest in altcoins because I hope that when I make a profit out of it, I can put in more money into my bitcoin investment which I've been doing all these years, a little investing on an altcoin and hope that a profit will come my way and when it does, I always try to put as much of the profit into bitcoin while satisfying my profit taking urges and buying stuff that I don't need. That's the thing with NFTs too, you don't want to be caught holding one in your possession, you've got to sell it as quickly as possible because they've got no utility besides being just a JPEG that anyone can just copy paste, there are outliers that would be giving you a profit though if you hodl long enough but are you really risking the wait when there's a small profit that's ready to be taken right then and there?

devil-soul

member

Activity: 224

Merit: 15

For Rent

Of course the quick gain is the main reason but for me it is not the only one i am also attracted by what this fantastic world represents that is freedom, yes financial freedom the elimination of intermediaries, banks and the absolute control of one's assets/ values no one can block/seize your altcoins that is practically impossible

OrangeII

hero member

Activity: 2170

Merit: 503

Reward: 10M Shen (Approx. 5000 BNB) Bounty

Not always investing in altcoins always brings quick profits. Personally, I have invested in ethereum and BNB, and it took quite a long time to be able to provide good profits.
However, depending on the type of altcoin we have, if we choose a meme coin, or an altcoin that is not popular, then it could be said that people are exploiting the altcoin for short-term profits. However, if it is a popular altcoin, it may be a long-term investment option. I chose to invest in altcoins because I felt the price was quite cheap, and the potential was also high. If I can make a profit in the short term, then that is a good profit. If not, then I will hold on to it long term.

bastian466

sr. member

Activity: 1372

Merit: 251

PredX - AI-Powered Prediction Market

Quote from: odunybiz on March 08, 2024, 06:36:11 PM

Quote from: bastian466 on March 08, 2024, 09:52:36 AM

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

This is people's believe about altcoin but most people or newbie has forgotten how risky it may be. Altcoin may be Lambo or nothing (labalaba). Only few altcoin do well just as we think while others end up as a scam project. Getting to know real altcoin involves an intensive research and which most people are too lazy to do.

People who are lazy about doing research are those who put their hopes in it like gambling, just guessing. The nature of altcoins is like that, sometimes they are undervalued, sometimes they make you rich. Just imagine if we got into the trending altcoin early it might change our lifestyle

Churchillvv

member

Activity: 66

Merit: 5

Eloncoin.org - Mars, here we come!

Quote from: odunybiz on March 08, 2024, 06:36:11 PM

Quote from: bastian466 on March 08, 2024, 09:52:36 AM

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

This is people's believe about altcoin but most people or newbie has forgotten how risky it may be. Altcoin may be Lambo or nothing (labalaba). Only few altcoin do well just as we think while others end up as a scam project. Getting to know real altcoin involves an intensive research and which most people are too lazy to do.

I think I'm a good example of the lazy people who would rather not invest in this shitcoins (alt-altcoins) instead I would better stick to one that has being doing good already.

Since there are millions of Altcoins in the crypto space it's very difficult to find a trust worthy project that one could invest in. I have been trying to find good Altcoins but it's not working so I don't bother myself anymore.

The major reason i ever thought of investing in altcoin was the fact that Bitcoin can not longer give the quantity of profit like it gave to it's early investors and as such new coins /tokens are coming up and performing almost the same but although they are scams plus but at least before it vanishes we would make profits from it.

odunybiz

full member

Activity: 588

Merit: 119

Epsiloan Protocol

Quote from: bastian466 on March 08, 2024, 09:52:36 AM

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

This is people's believe about altcoin but most people or newbie has forgotten how risky it may be. Altcoin may be Lambo or nothing (labalaba). Only few altcoin do well just as we think while others end up as a scam project. Getting to know real altcoin involves an intensive research and which most people are too lazy to do.

AnonBitCoiner

sr. member

Activity: 1456

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: mdzahed134 on March 02, 2024, 09:13:13 AM

Undoubtedly Bitcoin is good and also safe investment than altcoins, It’s a high expensive coin so mostly people not interested to buying it, because profit will be low and time consuming, so that they're going to invest in altcoins to get early profit, but altcoins is quite risky and also high profits. But i think Bitcoin is the best to long term holding.

There is no doubt that bitcoin is one of the best investment opportunity but when see its price then they get afraid but I think if we invest it in altcoins then it become risky for us so instead of taking more risk we should accept time consuming process of earning.

Altcoins are also profitable but they are not trustable and bitcoin gives you more secure and sure profit if you keep it for longer time. Some time people prefer altcoins due to quick profit but they fail to get so because they choose wrong coins therefore don't rush towards quick profit but rush towards trustable profit.

Y3shot

full member

Activity: 560

Merit: 161

Quote from: |MINER| on March 02, 2024, 12:33:20 PM

Investing in altcoins is very risky.No one wants to invest in it for a long time and also wants to hold.Because there are many records that many people have lost everything by investing in altcoins for a long time.It is used for quick profit.That is, investing for a short period of time and withdrawing in a short period of time.Investing in Earth Coin for a long period of time is absolutely unwise.Any profit from altcoin investment should be withdrawn.In this case more profit may cause more loss.I see no reason to invest in altcoins other than quick profit.

Even with how altcoins are very risky some people still make mistakes in investing with the amount that they can't afford to lose which is bad. Altcoins been very risky should be the main reason why people needs to be very careful and know the right amount that will be good for the investment. Investing in altcoins it is possible for one to lose all the money that is why it is important to use the amount that one can afford to lose.

bastian466

sr. member

Activity: 1372

Merit: 251

PredX - AI-Powered Prediction Market

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

Topic: Quick profit is the only reason why we invest in Altcoins - page 2. (Read 1127 times)