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.
Topic: Quick profit is the only reason why we invest in Altcoins - page 2. (Read 903 times)
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.
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.
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.
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.
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.
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.
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
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.
Investing in altcoins carries some risks just like Bitcoin as well. But there is one reason why Bitcoin is still on the lead because of its high potential long-term. Bitcoin is the best choice when investing in the long-term while these altcoins are considered for short-term deals. We have given options and we choose where we think it fits our risk appetite. I don't consider all altcoins to be profitable or let us say it give us profit in a short period. No, it says for the short-term knowing that these coins never last long as they just dump and mostly die after the price surge aside ETH. That is why we should never have missed the chance to sell our altcoins during the bull season as we can never expect it to rally back in the future.
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.
Investing in altcoins carries some risks just like Bitcoin as well. But there is one reason why Bitcoin is still on the lead because of its high potential long-term. Bitcoin is the best choice when investing in the long-term while these altcoins are considered for short-term deals. We have given options and we choose where we think it fits our risk appetite. I don't consider all altcoins to be profitable or let us say it give us profit in a short period. No, it says for the short-term knowing that these coins never last long as they just dump and mostly die after the price surge aside ETH. That is why we should never have missed the chance to sell our altcoins during the bull season as we can never expect it to rally back in the future.
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.
What can be the reason for this? majority of Altcoin investors wanted to make easy money lol though there are others that uses altcoins to be their long term holding not like in bitcoin supporters
that majority of us are for long term and we will keep that in mind lol.
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.
I do not think so. The only reason why someone would put their money in altcoins at the risk of losing their money is because they want a big return that you won't get if you put it in BTC. BTC gives you the security of your assets as it is almost impossible to lose their value. This is not the same as altcoins that can die. You can see the history on Coinmarketcap that 90% of altcoins from 2018 until now how many projects are still surviving? I think it's less than 10%. Altcoins can bring a good narrative that can be implemented from market needs such as AI and RWA technology which are the current narrative. But we don't know when that token will die and be replaced by a new token in the same or different narrative.
Investing in gold even can be risky if you don't know about the market and have no experience of doing it. With the right knowledge and strategy even the riskier investment can be considered safe. The most important part is to have a strategy for your investment even its not very good. Having bad plan is better than having no plan at all. At least you will learn from your mistake.
The issue with gold is that it moves very slowly, not only when compared to bitcoin but even the stock market, so gold is better suited to be a store of wealth, meaning that if you are already happy with the level of wealth you have achieved then it makes sense to invest in gold.But if this is not the case and you still want to increase it, then an asset like bitcoin seems like a better option, after all, bitcoin probably grew more during the last months than what gold has grown during the last decade.
4. https://bitcointalksearch.org/topic/m.63748006
Altcoins are useful and highly profitable, there is no doubt about that, but as you said, they carry a lot of risks. It is a fact that when there are high rewards in something, there are high risks involved, and this applies to altcoins as well because if you risk your money in them, you tend to get good returns on your investment and this is the reason why altcoins are so much popular among traders.
Some people do buy and hold altcoins for long term, but the number of such investors isn't very high because most will buy altcoins for day trading and scalping so that they can get some quick profits and sell them and then buy another one and do the same.
These are some points that need to be kept in mind before investing in any of the altcoins. Many of the altcoins are shit projects that why we have to be attentive before investing in altcoins. Besides this there is no quick profit we can gain in a short frame we have to hold to have good profits. if there will be any scenario getting quick profit so it can be future tranding which has a very high risk to the investors funds.
Altcoins are useful and highly profitable, there is no doubt about that, but as you said, they carry a lot of risks. It is a fact that when there are high rewards in something, there are high risks involved, and this applies to altcoins as well because if you risk your money in them, you tend to get good returns on your investment and this is the reason why altcoins are so much popular among traders.
Some people do buy and hold altcoins for long term, but the number of such investors isn't very high because most will buy altcoins for day trading and scalping so that they can get some quick profits and sell them and then buy another one and do the same.
Investing in gold even can be risky if you don't know about the market and have no experience of doing it. With the right knowledge and strategy even the riskier investment can be considered safe. The most important part is to have a strategy for your investment even its not very good. Having bad plan is better than having no plan at all. At least you will learn from your mistake.
4. https://bitcointalksearch.org/topic/m.63748006
Altcoins are useful and highly profitable, there is no doubt about that, but as you said, they carry a lot of risks. It is a fact that when there are high rewards in something, there are high risks involved, and this applies to altcoins as well because if you risk your money in them, you tend to get good returns on your investment and this is the reason why altcoins are so much popular among traders.
Some people do buy and hold altcoins for long term, but the number of such investors isn't very high because most will buy altcoins for day trading and scalping so that they can get some quick profits and sell them and then buy another one and do the same.
These are some points that need to be kept in mind before investing in any of the altcoins. Many of the altcoins are shit projects that why we have to be attentive before investing in altcoins. Besides this there is no quick profit we can gain in a short frame we have to hold to have good profits. if there will be any scenario getting quick profit so it can be future tranding which has a very high risk to the investors funds.
Altcoins are useful and highly profitable, there is no doubt about that, but as you said, they carry a lot of risks. It is a fact that when there are high rewards in something, there are high risks involved, and this applies to altcoins as well because if you risk your money in them, you tend to get good returns on your investment and this is the reason why altcoins are so much popular among traders.
Some people do buy and hold altcoins for long term, but the number of such investors isn't very high because most will buy altcoins for day trading and scalping so that they can get some quick profits and sell them and then buy another one and do the same.
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.
I think that is the reason op called it a quick profit scheme. In the long run very few altcoin survive the market because of their less flexibility and for not being adaptive to any market changes. Its not like they don't want it but most of them has limitation and either they have to add new features or stop the project. In most cases altcoin developer wanted to start a new project.
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.
Instead of quick profit, what if we use "huge profit"? Some altcoins since they last pumped in the last bull run and crash, they have not pump yet and that's in between the space of nothing less than 3-4 years. Coins like Solana had an incredible run back then but everything crash, one of the worst moments for many investors and people that didn't invest because it sent bad message about crypto but today, it's one of the coins that has had a good recovery after all the drama.
Altcoins can give you 10x without doing much work, they can print you more than you can expect and this profits are big but subjective to your capital, this is the main reason why I think a lot of investors like altcoins. The Bitcoin return is great as well but because it's little in return due to it growth and that's why many don't like to put money into it like altcoins especially the ones with low market caps.
If altcoins can give you 10x bitcoin, they can give you 20x without much stress as well. Its better you tell me that altcoin can give me 1000x to 10000x. Yes, that is a fucking significant pump i can bet on.
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.
Instead of quick profit, what if we use "huge profit"? Some altcoins since they last pumped in the last bull run and crash, they have not pump yet and that's in between the space of nothing less than 3-4 years. Coins like Solana had an incredible run back then but everything crash, one of the worst moments for many investors and people that didn't invest because it sent bad message about crypto but today, it's one of the coins that has had a good recovery after all the drama.
Altcoins can give you 10x without doing much work, they can print you more than you can expect and this profits are big but subjective to your capital, this is the main reason why I think a lot of investors like altcoins. The Bitcoin return is great as well but because it's little in return due to it growth and that's why many don't like to put money into it like altcoins especially the ones with low market caps.
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.
maybe one of the reasons you should put your money in altcoins is the very significant increase in altcoins, it is very easy to make our money multiply 3-10x, in contrast to bitcoin, which only increases slowly. For now, building wealth, altcoins are very suitable, but if you want to maintain our assets or wealth, then buy bitcoins
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.
Many of the Altcoin projects have strong use cases and good ecosystems that interact investors interest investing in altcoins. Bitcoin has always been the kind of all digital currency and always be the first recommendation for investing in the crypto space but we should also try our luck with altcoin as well. Investing in altcoins is a very picky choice we have to conduct good research before investing in any of the altcoins. The best thing is that we should our majority funds in Bitcoin and the minority of our funds in altcoins which have strong use cases, and good ecosystems, the team is working actively and dedicated.
These are some points that need to be kept in mind before investing in any of the altcoins. Many of the altcoins are shit projects that why we have to be attentive before investing in altcoins. Besides this there is no quick profit we can gain in a short frame we have to hold to have good profits. if there will be any scenario getting quick profit so it can be future tranding which has a very high risk to the investors funds.
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