Topic: Quick profit is the only reason why we invest in Altcoins - page 5. (Read 903 times)
Almost all of crypto investors are there for the making of profit and that's why they are invested in crypto and this doesn't exempt bitcoin hodlers as much as it on altcoins investors. But the difference between those invested in bitcoin is that they do this with a long term investment plan unlike altcoins 99% of the investors are in to hit and run ASAP that's why we find it hard to see most of these new generation coins surviving after a little period of launching, as it get launched and makes it maiden rise almost all investors invested in it take profits and capital and the next result is an imminent dump
Quite realistic, because not all altcoins can last long. We have even seen a lot of altcoins being delisted quite quickly from exchanges. Even though at the beginning of the listing, they were very hyped with very significant price increases. And this is the danger, because after all, this type of coin will not easily survive if it doesn't have a really good quality team and project to survive various crypto market competitors. So it's true that we should only invest in altcoins for short-term profits and not for long-term. Unless the altcoin has entered the top list and they also have very good sustainability fundamentals. That's why we have to be able to choose which altcoins have that opportunity.
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.
There's no better days than pay days it comes with happinessand smiles. The time generated here would have been would cancel. In trading, we seem to have made our mistakes in the system, I'm focused on getting every single profits because rate have made everyone showing concerns. Trading is complex, we shouldn't realized it because there are numerous sectors of trading in the system. Earning money everyday should be our targets, I've never backing from doing what we give me money. 
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.
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 am having a hard time to understand your point. Most who people who holds ANY crypto including bitcoin are doing it most likely, because they are expecting growth. Even times of hiding money into crypto as an use case are fading away because of regulations. Smart contracts can turn out to be essential part of the web in he future but i believe it when i see it. Unless you are buying and selling something with it, you are holding it because you hope it will go up. Or because you pay less fees then with bank transactions. And about those transactions, what an earth do you mean by "cant be used for p2p transactions". How do you think cryptocurrencies work? As most of them are build only for that.
Everyone is for pocket money to invest and I am also for English bappy in that case if you don't invest then you won't get it you have to get profit. But you will see that if you invest in Bitcoin at the current price it will increase in price. After half an hour your condition market is getting re-energised, market seems to continue like this now you can invest in these tokens. However, at the current rate of growth, it seems that the price of Bitcoin will go away soon.
The price of bitcoin will go more higher but those who are investing now will have little profit as compared to those who already have bought bitcoin when the price was 15k$, 17k$ and even 22k$. There is no issue for those who are now buying bitcoin because halving is near and price will go more higher in future so one can easily take profit during or after halving.
Just buying and selling of bitcoin does not means that you will get profit but the time of selling and buying is also important to understand and if one have no idea about pump and dump price and Don't know that at which price it is better to buy bitcoin then profit for him will become difficult.
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.
Absolutely, "high-risk, high-reward" more accurately captures the essence of altcoin investments. While the inherent volatility and the prevalence of scams within the altcoin market have made it difficult to trust, it doesn't change that Altcoins can be very profitable if you're willing to risk it. People invest in Altcoins to find genuine opportunities for significant returns while safeguarding their investments against potential pitfalls.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.
It's not a fair statement to say that people solely invest in these coins for a quick turnover, though. There are coins out there that really do have good growth potential. For example, Ethereum has been on a mostly steady growth incline since 2021. There are others out there as well.
If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG
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 may agree with you. But what you have said so far has proven the fact that Altcoins can only be an alternate option to what Bitcoin had to offer. There is nothing new in what the so called altcoins has brought, bitcoin has solve almost all the solution of digital currencies. And that is the reason i say an investor or crypto enthusiast cannot depend in altcoin for a long period of time.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).
You gave an instance of when the price of Bitcoin transaction fees was high and people start switching to other options especially business owners who recieve through cryptocurrency. Now that the trauma is over everyone has moved back to using bitcoin. Altcoins are unique because they are always available when you need them and you can have multiple choices when you want to invest in them.
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.
The altcoin market is floded with lots of shit project and scam project and as an investor looking for some clean project to get those profits from can be quite difficult also alt coins are very unpredictable and they are not good asset to store value since most of them have no real world usage and are dependent on bitcoin to have value themselves.
We can't write off all the alt coins some are good like monero that offers more privacy for users, Ethereum is good but I can't keep up with their gas fees, solana had the most complicated blockchain and seem to be cefi more than a defi although no real prove for my statement, but over the years it has still given good profits to investors.
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 don't know about others but I only invest in altcoins that has a potential future. If the tech behind the coin is good only then I move forward to "invest" in it.
These investments are long term and apart from that there are few short term trades that I take to make quick profits.
So you are partially correct but for long term I go for coins only after looking at it's developments.
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 not always a quick profit when you invest in altcoins because they don't always go up very quickly unless or until Bitcoin goes up quickly as you said but when the bull run is around the corner, people mostly invest in Bitcoin and just as a high-risk, high-reward method, they might throw some bucks on a few altcoins just to try their luck and see if they get good returns on their investments and they generally only invest what they know their Bitcoin investment will cover even if their invested altcoins fail to provide.So, it's more like a higher risk being taken to get a reward that is comparatively higher than the invested amount would generally generate.
Focusing on opportunities without accepting reality with risks is what will lead to mistakes in investing. With altcoins, they are also simulating and explaining features and applying them to life more, so price increases will also accompany the market development process.
In the past, I also prioritized altcoins, but when I realized that money was being diverted from people's pockets, choosing altcoins only accounted for a small part of the investment in crypto, perhaps the fast standard of some people. They are measuring on a limited scale and calculating profits on that range, but a little wider, it must be admitted that bitcoin also brings fast and safe profits. So if you look at it from a general perspective, each individual will have their own choice. As long as they are ready to accept everything, investing can be kept simple and comfortable.
In the past, I also prioritized altcoins, but when I realized that money was being diverted from people's pockets, choosing altcoins only accounted for a small part of the investment in crypto, perhaps the fast standard of some people. They are measuring on a limited scale and calculating profits on that range, but a little wider, it must be admitted that bitcoin also brings fast and safe profits. So if you look at it from a general perspective, each individual will have their own choice. As long as they are ready to accept everything, investing can be kept simple and comfortable.
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.
OP don't generalize it, you can say most people because as talking to you I have not invested any dime in altcoin before now, though people take altcoin investment as a diversification in cryptocurrency industry, but must of those coin they invest still depend on Bitcoin to make appreciative movement, though am aware that some altcoin has the tendency of hitting high but the truth is that it can only happen during the bullrun and this bullrun is mainly concentrated in bitcoin, at this period everything about crypto looks very interesting to an extend that people might be tempted to invest in a scam project because of the drive for profit, but let's be warned there are many high speculated coin in the space and the more investors troop in for investment, the more dangerous it becomes for them.
When asked to choose alt coins for quick profit many will say "yes" and many will say "no". I think most people's answer when it comes to investing in alt coins will be "no". Investors in altcoin prefer to invest only in promising altcoins. .
When a new altcoin hits the market, people tend to invest in those coins. I am talking about a new alt coin called Dymension (DYM) Coin. When this coin was listed on various exchanges, its price crossed around $10, but now it has dropped down to $7. When the price of this coin crossed 10 dollars those who invested in this coin after seeing the high value of this coin today but they are in loss. We all should do a detailed analysis of the project or coin we are going to invest in before investing otherwise our losses will be more than our gains
When a new altcoin hits the market, people tend to invest in those coins. I am talking about a new alt coin called Dymension (DYM) Coin. When this coin was listed on various exchanges, its price crossed around $10, but now it has dropped down to $7. When the price of this coin crossed 10 dollars those who invested in this coin after seeing the high value of this coin today but they are in loss. We all should do a detailed analysis of the project or coin we are going to invest in before investing otherwise our losses will be more than our gains
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.
There is no other reason than making profit in a short term. The curiousity to make massive profit has made many look for the alternative to bitcoin which is altcoin or shitcoin as a form of investment. Just like some people chose gambling as a means of trying to make a fortune from it. Which is very difficult. One thing is certain about cryptocurrency, there is no shortcuts to success. For you to succeed in cryptocurrency, you must buy a Coin with good potential like bitcoin or etherium which has a long term duration of making profit. Rather than investing on a short term project which is pump and dump. Sometimes some people are lucky to have purchased a shitcoin that pumps so high and they sell of an make alot of bucks and that doesn't mean that it is common. Out of every 1000 coin baught I believe 4 or 6 has tendency to push higher. So it implies that the chances of buying a coin that will blow you up is very slim.
I think if anyone has made quick profits from altcoins then he is the supremely lucky person. I've yet to see anyone make a profit investing in altcoins in a short amount of time. Most of the times I have seen a new coin enter the market and the coin shows up quickly, I have seen many people invest in such new projects hoping to make quick profits and lose their money in a quick period of time. It is possible to get good profits from altcoins, it is better to invest in established coins in the market rather than go for quick profit coins. I think currently established top alt coins will guarantee more potential profit than new coins.
There are lots of benefits or advantages altcoins have over bitcoin.
One would be their lower transaction fees and faster transaction times. I have seen lots of businesses that offer services or products to be paid in altcoins instead of bitcoin because if they were to pay in bitcoin, it would take them forever and not to mention the incredibly high transaction fees.
Second would be since altcoins are relatively cheaper, some investors invest their money in hopes of making huge profits. Some investors are trying to catch the ‘next bitcoin’ of course that is quite difficult to catch because no altcoin, not even ethereum, has reached the success that bitcoin has.
There are lots of types of altcoins that cater specifically to different kinds of people hence i know a lot of people who actually prefer using altcoins than bitcoin especially for everyday transactions
You say "everyday transactions", but this is only relevant for native tokens/coins of a anything chain in particular or stablecoins in general. They are not always convenient for getting quick benefits. But project tokens, regardless of the chain, are already more interesting for investment in order to obtain quick profits. For example, buy and sell $PIXEL within a couple of hours after listing and forget about it forever.One would be their lower transaction fees and faster transaction times. I have seen lots of businesses that offer services or products to be paid in altcoins instead of bitcoin because if they were to pay in bitcoin, it would take them forever and not to mention the incredibly high transaction fees.
Second would be since altcoins are relatively cheaper, some investors invest their money in hopes of making huge profits. Some investors are trying to catch the ‘next bitcoin’ of course that is quite difficult to catch because no altcoin, not even ethereum, has reached the success that bitcoin has.
There are lots of types of altcoins that cater specifically to different kinds of people hence i know a lot of people who actually prefer using altcoins than bitcoin especially for everyday transactions
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 wouldn’t say quick profit is the reason investors put their money into Altcoins as your title depicts. Cryptocurrency is not a quick money scheme and with altcoins you can’t be so sure that you’ll make money when you invest in them instantly. Some investors keep their money in some alt coins because of the potential they have for such coins in the future which they are willing to risk without minding the implications of it. Some investors can as well be viewing all cryptocurrencies as the same and on the same risk level, comparing them with bitcoin in terms of volatility also. These type of investors are mostly lucky during bull run and not instantly when they just invest.
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.
Quick profit is one reason for investing in alts despite of fact that btc is more secure and accepted anywhere. The other reason is get high profit which is not possible in btc Investment. BTC marketcap already surpassed 1 trillion which is high and now new investors couldn't get big profit just like those who invented before 2015. New altcoins gives opportunity to enter in early stage before trend and when any coins/token enter in trending zone we gets 10x in just matter of 10 days. I am not talking about meme coins. Any coins which are low risk and have a real yse case such as TIA(Calestia) ,Mavia and so many other example which pumped 10x nearly. some altcoins have cheap fee to transfer such as ltc,trx, matic,bnb and used for payment purpose.
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 don't know about others but I only invest in altcoins that has a potential future. If the tech behind the coin is good only then I move forward to "invest" in it.
These investments are long term and apart from that there are few short term trades that I take to make quick profits.
So you are partially correct but for long term I go for coins only after looking at it's developments.
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