Quick profit is the only reason why we invest in Altcoins - page 3.

xandriel

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Quote from: Hypnosis00 on March 08, 2024, 08:15:59 AM

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in Earth Coin for a long period of time is absolutely unwise.Any profit from altcoin investment should be withdrawn.In this case more profit may cause more loss.I see no reason to invest in altcoins other than quick profit.

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.

I see that some altcoins can still survive through 2-3 seasons. As far as I remember, there are still 7-8 other coins except for BTC and ETH that have been alive from 2014 until now.

Hypnosis00

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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in Earth Coin for a long period of time is absolutely unwise.Any profit from altcoin investment should be withdrawn.In this case more profit may cause more loss.I see no reason to invest in altcoins other than quick profit.

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.

rodskee

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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.

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.

strunberg

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

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.

wxa7115

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Quote from: Sophokles on March 03, 2024, 06:29:45 AM

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.

Sophokles

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Quote from: MFahad on March 03, 2024, 06:25:17 AM

4. https://bitcointalksearch.org/topic/m.63748006

Quote from: snowpega on March 02, 2024, 11:38:40 AM

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.

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4. https://bitcointalksearch.org/topic/m.63748006

Quote from: snowpega on March 02, 2024, 11:38:40 AM

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.

Sophokles

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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.

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.

Dailyscript

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Quote from: Huppercase on March 02, 2024, 02:37:20 PM

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.

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.

You seem to understand how most of these altcoins work and what some of them have done in the past. Truly, Solana has been one altcoin that has high potential during these periods. However, i can still relate to its huge and quick profits at the same time. This is because altcoin pumps can give you massive profits and also massive losses, whatever comes your way. The main reason i empathize with quick profit is that alcohols are not to be invested in for so long. I can't imagine an investor holding an altcoin for a decade, but you can do that with bitcoin. I see altcoins as something that, if you want to hold a maximum of 1 year, is very okay. If you trust the altcoin so much, you can extend it to 2 years.

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.

Huppercase

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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.

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.

niall51

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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.

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

|MINER|

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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.

snowpega

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

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.

Xampeuu

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Quote from: MFahad on March 02, 2024, 10:48:58 AM

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

Quote from: God bless u on March 02, 2024, 04:46:06 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.

Bitcoin is good to invest solo but some traders don't have so much money to Invest because investing in Bitcoin is valuable when the investment amount is high otherwise it'll be time waste to hold on for so long and get a very little profit on that.Thats why daily trading options leaves us with investing in altcoins where market research and good strategy can give us daily profits instead of waiting for too long.

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.

Bitcoin is a good choice if long term holding is concerned but it's never a good choice if you're a day trader and you depend on trading from an earning point of view. Bitcoins give you profits after investing a huge amount in it and it also requires a lot of patience to have a successful trade.
While daily traders neither have a lot of money to Invest nor they have so much patience because their daily life depends upon their profits so the alternative is altcoins. Traders should get the top skills to judge a coin and its market value as well as its capability to perform well.High skills means high profits.

Both altcoins and bitcoin have their respective advantages and disadvantages, therefore we should be wise in investing in them. It is true that if we invest in Bitcoin, the level of security is higher, but the profit percentage is smaller, so large capital is needed to be able to make large profits in nominal terms. This is in contrast to investing in altcoins where the risk is greater but has a greater percentage of profit too.

Dr. Strange

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The only goal of investing in altcoins is to make money quickly. If this is the case, then your thinking is completely wrong because the work you do in a hurry or fast will backfire on you, so you always have to work to come slowly. However, if you want to invest in altcoins, be careful because investing in altcoins is the most risky, but there are many coins that can give you good profits in the future.

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

Quote from: God bless u on March 02, 2024, 04:46:06 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.

Bitcoin is good to invest solo but some traders don't have so much money to Invest because investing in Bitcoin is valuable when the investment amount is high otherwise it'll be time waste to hold on for so long and get a very little profit on that.Thats why daily trading options leaves us with investing in altcoins where market research and good strategy can give us daily profits instead of waiting for too long.

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.

Bitcoin is a good choice if long term holding is concerned but it's never a good choice if you're a day trader and you depend on trading from an earning point of view. Bitcoins give you profits after investing a huge amount in it and it also requires a lot of patience to have a successful trade.
While daily traders neither have a lot of money to Invest nor they have so much patience because their daily life depends upon their profits so the alternative is altcoins. Traders should get the top skills to judge a coin and its market value as well as its capability to perform well.High skills means high profits.

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Quote from: God bless u on March 02, 2024, 04:46:06 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.

Bitcoin is good to invest solo but some traders don't have so much money to Invest because investing in Bitcoin is valuable when the investment amount is high otherwise it'll be time waste to hold on for so long and get a very little profit on that.Thats why daily trading options leaves us with investing in altcoins where market research and good strategy can give us daily profits instead of waiting for too long.

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.

mvdheuvel1983

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Quote from: strunberg on March 02, 2024, 04:19:21 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.

I agree with you. There is no other reason someone would choose to invest in altcoins other than getting big profits. I think big profits are more appropriate than quick profits. I think meme coins and buying coins in the early selling stage will give you a quick profit. I personally trade altcoins and take profits and invest them in Bitcoin. I think Bitcoin is still the best for storing your funds.

Apart from having investments in cryptocurrency be it bitcoin or alt coins, the primary reason for venturing into business is for profit making isn't it? Most people invest in altcoin to save their money even though it is very risky but they do this hoping to get a better reward of their money when there is a bull run so most times they don't invest to get quick money because most times investors buy altcoins they hold for a very long time hoping for a bull run so I think for some one who is looking forward to getting quick money, they can't invest in altcoin to hold for a long time

Moreno233

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The truth is that you are right somehow in this heading because many altcoins tend to die with time. So many coins that got listed in exchanges are now worthless, imagine holding such altcoin, it can be a terrible experience.

For me the right way is to invest when you consider best time and wait for the pump to convert your altcoins to Bitcoin or stable coin. I don't have confidence in holding altcoins because I don't want to lose everything which is very common with altcoins holders. I love the fast profit some altcoins can give but that is not enough reason for me to hold for long. Although there will be some exception like those backed by solid team with track record in the cryptocurrency industry

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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.

It's a very strategic approach to invest in Bitcoin so that the coin gets hype and many altcoins get hype as well.Investors use this technique to get profits from both sides, from Bitcoin and from altcoins as well. They distribute the portfolios so well that they get the profit from both sides.The long term profits comes from the Bitcoins and smaller profits from different altcoins combine together to give a bigger profit altogether.

Bitcoin is good to invest solo but some traders don't have so much money to Invest because investing in Bitcoin is valuable when the investment amount is high otherwise it'll be time waste to hold on for so long and get a very little profit on that.Thats why daily trading options leaves us with investing in altcoins where market research and good strategy can give us daily profits instead of waiting for too long.

Topic: Quick profit is the only reason why we invest in Altcoins - page 3. (Read 1127 times)