Quick profit is the only reason why we invest in Altcoins - page 4.

strunberg

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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.

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.

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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.

I rarely invest in altcoins for the long term, except for the top established ones. This is because most altcoins are new and inherently risky, and my risk tolerance is moderate. However, established top altcoins have a proven track record, making them potentially more suitable for long-term investment strategies. While investing in altcoins offers the potential for higher returns, it also carries significant risk.

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Quote from: jasonjm on February 24, 2024, 09:05:38 AM

I don't think everyone who invested in Altcoins is looking to make a quick profit; some believe in the project fundamentals as well. The ultimate objective of the majority of investors indeed is to earn quick money. Investment in altcoins is high risk, and many retail investors have lost their money. There are coins priced at over $250 a few years ago, but their value is under $10 now. Every day, new projects are entering the market, and those old projects are a dead horse except for a few. Altcoins are high-risk, high-profit investments.

I don't hold old random projects, i am buying old top alctoins and those have huge potential and if holding 1-2 years then good profits is definitely possible.
Altcoins investment too risk, in early stage it's going at peak but after certain time mostly going dead. Top potential altcoin is still promising from new projects.

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Quote from: Ever-young on February 18, 2024, 09:17:16 PM

Some reason why most people invest in Altcoins can’t be far from the profit but we can’t say profit is all they see as to why they buy and use Altcoins, Bitcoin is not only being hold by those who want to use and keep it we store of value they are also being hold for long time in other to enjoy the profit that will come with it.

If we are to talk about the privacy their are also some Altcoins which are privacy coins like the monero it’s a good option for anyone who want to hide their privacy, another reason why other can invest in Altcoin is for cheap and fast transaction, look at what was happening in time of bitcoin network congestion the pressure was moving to Altcoins which where used for as alternative for transactions just as they are supposed to be Altcoin (alternative coins).

I totally agree with you, one reason why I have heard some alt like Monero is for a privacy based ground, I cherish privacy to an extent that I wouldn't like to anyone to know any of my steps and since monero provides me that I went for it.

No, it quite the truth that op speaks it it doesn't practically apply to every one, this Altcoins are alternative to bitcoin incase anyone wants to do something with a digital currency and hence he or she couldn't afford Bitcoin then alternatives will be the option.

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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.

Many do not invest in the Crypto market to have a quick profit, it is those that are not ready to be patient and want to be earning at fast pace that would end up seeing profits then seeing loses. We need to be patient for us to make money in the market without stress.
We can make post of money in the Crypto market if we are ready to be patient and hold alhas price keeps going bull.
Just like we have seen the price of Bitcoin going bull allowing the altcoins too to go bull.

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Quote from: Sayeds56 on February 25, 2024, 09:25:00 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.

Certainly, while your perspective might be true for some high risk altcoins, such as Doge, Siba Inu and Pepe coins. However, it is importantl to note that there is a large amount of altcoin managed by experienced and professional teams, like Solana, ADA, Polkadot and Uniswap, could be considered for holding for long term investment to generate significant potential profit over an extended period.

Without a doubt there are some good altcoins out there, however their number is often thought to be much higher than what reality may indicate, after all even if you could name 100 good altcoins, there are tens of thousands of them, so less than 1% of all the altcoins that exist are any good.

Assuming there were 100 good altcoins in existence right now, something that is doubtful, making the investment on those coins an incredibly risky proposition no matter how much I think about it.

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Quote from: mvdheuvel1983 on February 25, 2024, 02:05:17 AM

The primary reason for choosing any investment is to maximize profit profit but when it comes to choosing any investment that is related to cryptocurrency ( Bitcoin or altcoin investment, the main aim is also to make profit but it is always a risk that is profit attached, you profit of there is a rise in the project but most times the reverse is always the case. To op, yes most investors invest in altcoin for profit making but it takes a great risk to make profit in cryptocurrency investment especially altcoin investment.

There's no quick profit in crypto industry. The market price of altcoins are indeed showing higher volatility compared to Bitcoin but that also means higher risk, meaning no easy profit will be earned. Altcoins are just as fine as Bitcoin, when it comes on investments, especially the big names in this industry. Well, Bitcoin indeed seems to have a more stable market price but volatility is volatility. Whenever the market price of Bitcoin is increasing, altcoins prices in the first place follows, just with a higher rate but that will never guarantee an easy and quick profit.

The reason why investors are also hooked with altcoins is simple; as an alternative, as the name suggest. Bitcoin's market price is seasonal, therefore, in order to generate profit efficiently (as supposed to), then investors are diversifying to altcoins, to also spread the risk from this industry's price volatility. Yes, to earn more profit, but with no certainty of course.

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Quote from: Sayeds56 on February 25, 2024, 09:25:00 AM

Certainly, while your perspective might be true for some high risk altcoins, such as Doge, Siba Inu and Pepe coins. However, it is importantl to note that there is a large amount of altcoin managed by experienced and professional teams, like Solana, ADA, Polkadot and Uniswap, could be considered for holding for long term investment to generate significant potential profit over an extended period.

The potential altcoin assets you mentioned are indeed good for investment. but not for those who want quick profits. those who think about quick profits will switch to new altcoins or memecoins with faster movements. of course, it also increases the risk. If you choose the wrong asset, it can trap your capital or you can even lose all your money. So be wise when choosing new tokens for your investment. Don't put in large amounts of money; try to be more selective.

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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.

Certainly, while your perspective might be true for some high risk altcoins, such as Doge, Siba Inu and Pepe coins. However, it is importantl to note that there is a large amount of altcoin managed by experienced and professional teams, like Solana, ADA, Polkadot and Uniswap, could be considered for holding for long term investment to generate significant potential profit over an extended period.

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Quote from: wxa7115 on February 25, 2024, 01:45:05 AM

Quote from: justdimin on February 25, 2024, 12:21:55 AM

Quote from: sulendra12 on February 21, 2024, 02:55:57 PM

It's always been like this, when there is a quick money making and whenever they see someone posted their results in the internet with big profit then people would definitely try to do the same and we can't deny that because sometimes it's so easy to get profit when the right day comes. But, it could be a double edged sword if not treated it carefully, it just better to do research first on every thing you do especially on trading.

One of the biggest mistakes most newbie traders make is that they get easily influenced by things they see on social media without trying to do their research and fact-checking whether things that are being posted and said are possible and if possible, how can one achieve such results?

They start believing that people who are posting profit screenshots on social media platforms are always earning money from trading and they think it's very easy, they can do it as well. They watch a few tutorials about trading and then start making trades. Most newbies venture directly into futures market which is extremely risky and is never recommended for traders with no trading knowledge and experience.

Newbie traders decide to participate in an extremely competitive market with no experience or skills, what could possibly go wrong? Everything, of course.

They read those stories in social media about people like them making a fortune and they immediately think they can achieve the same results, but for every success story and dream come true, there are hundreds of nightmare stories of people that lost everything in a matter of days or even hours, and that now have no idea how to remedy the situation in which they put themselves in.

New traders who do not have sufficient knowledge and enter this very competitive market are traders who are very reckless and careless, this will be closer to the risks involved.
And what you see on social media about people who are successful in making money in this industry through trading, is not as easy as you imagine and see. And who knows how many losses they experienced without realizing it and not announcing it to the public, until they managed to make money.
Even though trading is almost the same as gambling, you also need sufficient knowledge and experience to make money and be successful.

mvdheuvel1983

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The primary reason for choosing any investment is to maximize profit profit but when it comes to choosing any investment that is related to cryptocurrency ( Bitcoin or altcoin investment, the main aim is also to make profit but it is always a risk that is profit attached, you profit of there is a rise in the project but most times the reverse is always the case. To op, yes most investors invest in altcoin for profit making but it takes a great risk to make profit in cryptocurrency investment especially altcoin investment.

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Quote from: justdimin on February 25, 2024, 12:21:55 AM

Quote from: sulendra12 on February 21, 2024, 02:55:57 PM

It's always been like this, when there is a quick money making and whenever they see someone posted their results in the internet with big profit then people would definitely try to do the same and we can't deny that because sometimes it's so easy to get profit when the right day comes. But, it could be a double edged sword if not treated it carefully, it just better to do research first on every thing you do especially on trading.

One of the biggest mistakes most newbie traders make is that they get easily influenced by things they see on social media without trying to do their research and fact-checking whether things that are being posted and said are possible and if possible, how can one achieve such results?

They start believing that people who are posting profit screenshots on social media platforms are always earning money from trading and they think it's very easy, they can do it as well. They watch a few tutorials about trading and then start making trades. Most newbies venture directly into futures market which is extremely risky and is never recommended for traders with no trading knowledge and experience.

Newbie traders decide to participate in an extremely competitive market with no experience or skills, what could possibly go wrong? Everything, of course.

They read those stories in social media about people like them making a fortune and they immediately think they can achieve the same results, but for every success story and dream come true, there are hundreds of nightmare stories of people that lost everything in a matter of days or even hours, and that now have no idea how to remedy the situation in which they put themselves in.

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Quote from: sulendra12 on February 21, 2024, 02:55:57 PM

It's always been like this, when there is a quick money making and whenever they see someone posted their results in the internet with big profit then people would definitely try to do the same and we can't deny that because sometimes it's so easy to get profit when the right day comes. But, it could be a double edged sword if not treated it carefully, it just better to do research first on every thing you do especially on trading.

One of the biggest mistakes most newbie traders make is that they get easily influenced by things they see on social media without trying to do their research and fact-checking whether things that are being posted and said are possible and if possible, how can one achieve such results?

They start believing that people who are posting profit screenshots on social media platforms are always earning money from trading and they think it's very easy, they can do it as well. They watch a few tutorials about trading and then start making trades. Most newbies venture directly into futures market which is extremely risky and is never recommended for traders with no trading knowledge and experience.

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Yes, most investors who save their money in the form of altcoins are definitely looking for profits. I think this is an aspect of all investments. After all, the goal of investing is to make a profit, whether fast or slow. In fact, when we buy gold, or anything with investment purposes, the goal is profit. hold it in the short or long term or the person's choice. So, I would also say that chances are, most of the people holding altcoins right now are expecting quick and big profits.

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Quote from: God bless u on February 24, 2024, 12:48:52 PM

Quote from: samcrypto on February 24, 2024, 10:37:52 AM

If that's the case, why many are still losing their money investing with the Altcoins?
Let's stop that thinking about making quick profit with cryptocurrency because it's not easy at all, not unless luck always on your side which I think it's not possible too. Investing with the altcoins always bear a big risk, and that quick profit is not ideal with your risky investment, that can be consider as gambling actually. Analyze the trend, and invest with enough time and analysis you can do better if you will make your time frame longer.

Altcoins are indeed risky and no one can say that it's easy earning quick profit from altcoins. However, someone who understands the market well and knows how to trade properly, and takes action after careful consideration can make things work for themselves.
You can't get into altcoins without having enough knowledge about the market and its movements and expect that you will get some quick profit because you will most likely get yourself burned. People say that altcoins are good for quick profit only because they are more volatile than Bitcoin in short term, but this doesn't mean there is no risk in it at all.

Many newbie investors start their journey in the crypto industry by investing in any altcoin project. Sometimes they make a profit sometimes they don't, and finally they realize that there are other crypto currencies that they can also invest in that have a high potential for a good return. They saw how other people were making huge profits from them, and they tried to learn about all those new projects and develop their own strategies. In terms of profit people invest in bitcoin also to make quick profit and altcoin is no exception.

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Quote from: GreatArkansas on February 18, 2024, 09:21:09 PM

I don't think that "quick profit" is the best term here, maybe high-risk high reward.

We all know how altcoins are volatile and risky since most altcoins out there are scams or just want to steal money from people.
It's essential for investors to conduct thorough research, consider the risks involved and have clear strategy while dealing with altcoins.

Its balance quit profit and get high risk when investing in altcoin, difference with bitcoin can't moving up or down more than 10% to 40% in daily day or weekly but with altcoin easily raise up and down drastically.
But if want get quick rich by trading in altcoin we have prepare for high risk later when altcoin price suddenly dropping and difficult get back to the higher price.

The trader have each strategies when investing in altcoin and not interested for bitcoin investment, get small capital and difficult to earn huge amount when investing in bitcoin and make of them interested for investing in altcoin and has promising to earn much profitable in short term than bitcoin need long term.

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Quote from: samcrypto on February 24, 2024, 10:37:52 AM

If that's the case, why many are still losing their money investing with the Altcoins?
Let's stop that thinking about making quick profit with cryptocurrency because it's not easy at all, not unless luck always on your side which I think it's not possible too. Investing with the altcoins always bear a big risk, and that quick profit is not ideal with your risky investment, that can be consider as gambling actually. Analyze the trend, and invest with enough time and analysis you can do better if you will make your time frame longer.

Altcoins are indeed risky and no one can say that it's easy earning quick profit from altcoins. However, someone who understands the market well and knows how to trade properly, and takes action after careful consideration can make things work for themselves.
You can't get into altcoins without having enough knowledge about the market and its movements and expect that you will get some quick profit because you will most likely get yourself burned. People say that altcoins are good for quick profit only because they are more volatile than Bitcoin in short term, but this doesn't mean there is no risk in it at all.

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

Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin.

Well, that's how the market works. Bitcoin goes up, so do altcoins and vice-versa. Is it a bad thing that the market turns out to be like that?

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

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.

Store of value? Did Satoshi say that Bitcoin is a store of value? No, but investors did. Are altcoins being unsafe? Probably most of the altcoins, but don't generalize to the point that even those top market cap altcoins are considered unsafe to invest as well. Can't be used for P2P transactions? If I bought Ethereum for you, using our fiat currency and you accepted it, isn't that called a P2P transaction? Can't be trusted to hold for too long? Completely disagree with this. I've been holding Ethereum for quite some time, and I don't see any problems holding it for a long time. I can also say that Bitcoin can't be trusted to hold for long-term, but I'd be a hypocrite if I said that because I've been holding too as well.

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.

Some investors believe in some altcoin projects thus, they're investing, and holding into it. Yes, quick profit is one of the reasons why we invest in altcoins, and that's the main goal of an investor, right? To make a profit. We invest to make profit whether it would be altcoins, or Bitcoins or whatever asset it is.

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Knowing the fact that not all atlcoins will rise as bitcoin price rises so I will think other reasons are involved.
Although everyone have their different reasons for investing and the most common reason is for profit making but regardless no one have full assurance of making profit 100%, before choosing a project you must have something attached like the community development and your resource must be able to afford buying the project. With all this development and excitement some altcoins can still serve as a ponzi scheme and projects attach to ponzi scheme will not rise when the price of bitcoin rise. In as much as we want profit we should also take time to research and invest.

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If that's the case, why many are still losing their money investing with the Altcoins?
Let's stop that thinking about making quick profit with cryptocurrency because it's not easy at all, not unless luck always on your side which I think it's not possible too. Investing with the altcoins always bear a big risk, and that quick profit is not ideal with your risky investment, that can be consider as gambling actually. Analyze the trend, and invest with enough time and analysis you can do better if you will make your time frame longer.

Topic: Quick profit is the only reason why we invest in Altcoins - page 4. (Read 1127 times)