Quick profit is the only reason why we invest in Altcoins - page 5.

Dailyscript

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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.

It is proven that when it comes to sweet and quick gains, altcoins are the ones who give them profits and gains faster. Even without considering the high risk that these projects may be scam projects or fail in the future,. There are investors bound by greed to make so much money that they wouldn't make any inquiries or research and would instead invest in pump and dump tokens.

If you feel they are interested in the fundamentals and future of the project, why do they not stick to these projects for long?

AVE5

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Those Investors who invests in bitcoin don't invests in that platform just to put smiles on their faces that they have assets in the bitcoin industry and it is applicable in all sorts of investment sectors. They primarily gets on the bitcoin investment to make profits and so if after analysing at the industry and you finds out the profits would come only when you could hold and hodl your coin or a long time with the potential of less risk to loose. This is just how bitcoin is programed and as for AltCoins, it is a technological system of crytop investment which has a potential to lost of investors funds if holding and hodling for a long time goal. While the strategy of managing investors risks involves a short term investment due to the weak and high rate of its volatilities.
It is all about making profits that is all concerned in all ramifications of investment so if you have a system that can offer you a quick income as a desire then chase after it and if you wants a long time based on making profits and it is also to your desires then go for it as desires.
It is just all about making the money in profit levels so, there is every reason why Investors would Invest on the AltCoins in as much it gives the profits.

jasonjm

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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.

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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 seems like the most common reason is because buying altcoins is the easiest way to double our Bitcoins, although this all has to be done with great care because it could turn out that the altcoins turn to ashes and make our Bitcoins decrease, but if you can choose the right altcoin then it will increase big chance that we will get Bitcoin and when Bitcoin reaches its latest ath, our profits will increase even more.
And other reasons such as believing that altcoins have potential but the end goal is to get big profits, while those who like peace of mind will choose to buy Bitcoin directly and store it with using DCA or other methods that their believe will give good way to increase their investment in Bitcoin.

tsaroz

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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.

Profit is the motivation of every investments. The search is for higher profit with least risk, the sweetest spot on the graph.
Crypto is no longer a rise and rise only sector. We've seen some metrics that may restrict the use and price of a coin. For most it's the transaction per second and the amount of fee you are paying for a transaction.
This is why bitcoin rising to 1M or 1.5M could be possible but it's hard to believe it would go crazy like 5M with it's current technology. i.e. no one expects to get x10 with bitcoin.
But for altcoins that are new with modern techs, x10 are seen even without a bull and a price rise as high as x100 are still a possibility.

dlightag

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The Bitcoin halving is fast approaching and it always makes a great impact in the cryptocurrency market after halving has been taken place, in which as Bitcoin start moving on uptrend trading candles, others alt-coins follow pumping as the case may be. Because Bitcoin is the driven force of cryptocurrency market.

oktana

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Quote from: Bureau on February 18, 2024, 11:37:36 PM

I have not seen anyone getting quick profits by investing in altcoins unless they have invested in the early stages.
~~~

Of course people do. Even after missing the initial launch, most investors get caught still buying Altcoins long after its launch (because they see its ability to still make them money quickly)

Quick profit is definitely a fact for the majority of people who invest in Altcoins, but it isn’t the case for everyone because there are still people who invest their money because they believe and support the technology. Of course they’ll want profit but they see the uniqueness in the project and don’t usually feel rush for quick profit.

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Quote from: Y3shot on February 23, 2024, 02:33:46 PM

Making quick profit from altcoins has also be a reason why many lost their hard earned money. And this mindset of making money quick is a big problem to beginners. Some altcoins are profitable if invested but having so much expectation to make money from altcoins can make one to lose mich. Altcoins are very really risky to invest and are very unpredictable which you can't tell if you are investing a scam project.

This is a necessary cycle for a beginner, lose your first deposit. If this mistake does not teach you anything, it is better not to invest in cryptocurrency. Many people can really give money to scammers or invest in a dead project after hearing about it from youtube. But with time comes experience and patience, which will eventually bring profit.

Y3shot

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Making quick profit from altcoins has also be a reason why many lost their hard earned money. And this mindset of making money quick is a big problem to beginners. Some altcoins are profitable if invested but having so much expectation to make money from altcoins can make one to lose mich. Altcoins are very really risky to invest and are very unpredictable which you can't tell if you are investing a scam project.

Tmoonz

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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.

Aside quick profits there can be several reasons for investing in altcoins, many of the altcoin have features and real life applications that might be an individual interest in solving a specific real life problem making it stand out from Bitcoin or having same functionalities in certain features and can serve as an alternative to Bitcoin.
An individual can decide to invest in altcoin with the sole reason of being a part of the project early adoption with conviction of the project making advancement such that they will become a beneficiary if the project finally become successful irrespective of the time frame.

Barikui1

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If it's quick profit, most investors would be doing what we call turn over in business, that is, it's better they will be making 100 dollar everyday, than waiting to make 500 dollar for a week, so why am I saying This, no, it's not because of quick profit, it's because of higher reward, so it quite normal that we as a person care more of our pocket, so sometimes we forget to take precautions of how risky it is to invest in alt and meme coin, because the rewards attached to it is very good and sometimes it is a risk worth taking.

Churchillvv

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There is this concept of Bitcoin as a paradigm and that it have surpassed the stage of making huge profit has of before when it all started so developers who saw the opportunity of Bitcoin dash down to copy the Bitcoin code and created coins that people who missed Bitcoin when it was just a dollar or below could probably still be opportuned to achieve such success as those who invested in Bitcoin in the early stage.

Do the concept of Altcoins is to fill up the Gapps that Bitcoin have created and creating more opportunities for people to make more profit. but what is really distorting the goal is the rate at which people create their own Altcoins just to build up the hype and run away with the funds.

batang_bitcoin

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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.

That's the realest answer and all is about the profit. Forget about the technology and potential, all of us share common interest in investing into altcoins and that's about the profit. There's no need for us to have some other reasons just because we're supporting a project or not but in the end, it's all about the money matters and the profits that we can make. So with that, it's realizing that many investors don't really invest because they see it as something good in the future but as long as they can make money from it, that's where everyone is investing.

letteredhub

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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

Rengga Jati

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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.

Belarge

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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.

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.

sulendra12

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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.

o48o

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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 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.

AnonBitCoiner

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Quote from: BD Technical on February 18, 2024, 09:11:58 PM

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.

R100K-Martin-Lunger

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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.

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.
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

Topic: Quick profit is the only reason why we invest in Altcoins - page 5. (Read 1127 times)