Topic: What encourages you to invest in any altcoin? - page 37. (Read 7229 times)
Look, most of the altcoins are trading at very low prices compared to bitcoin, that means there is a huge potential for growth if you invest your money in it. For example, there are lot of altcoins which is trading near to 1$. If you invest in one of them, and in future if that technology succeed, there is a good chance that, the price could reach 100$ multiplying your investment 100 times. But imagine you invested in bitcoin now, its price is already at 4000$ if in the unlikely event that everything went well, then its price could reach a maximum 10000$ within 2 year, your gain? just around 2X
I am a crypto enthusiastic and i know a 90% of people here on bitcointalk are as well.
There are a lot of altcoins in the market today. What should one look out for before investing in any altcoin
There are a lot of altcoins in the market today. What should one look out for before investing in any altcoin
Basically what you should be looking before you invest in any altcoins is the number of volume in the market. As we all know, if the volume decreases due to a number of people buying the price may potentially increase. But then again, having a low set of volume means that there is also a threat on its existence in the market. To answer your question, alternative coins or 'altcoins' are relatively good alternatives for you to earn short/long-term
profit depending on which coin you choose. I recommend that you should check the link that I will provide below as it shows the hierarchy of cryptocurrencies in the market. Also, it shows the present value of these coins and real-time volatility that may help you with your decisions when investing.
Link: https://coincap.io/
I will find iut the white paper first and find out the details of the coins. Then I will find out the team members of the coins and to see if they have the ability to make it a good one.
To be honest, Being in crypto and having the chance to invest on coins gave me a better income than my actual job. And I might actually considering an early retirement and be a full trader. 3 yrs of working and I have an equal income of my 4 mos in crypto. Thats insane!
What encourage me most in investing altcoins is its potential for huge and fast growth, altcoins are known to increase as much as 100x in one day, although much more risky due to the fact that there are those coins which just vanish in mid air. I think the key here is study carefully the coin you want to put your money into. For me, I just want to to work in high risk high rewards project, I just like to gamble.
I'm in the game for quick gains, so the potential for price to pump is the most important to me.
Project and Team mostly, but lets not forget that alt coins can jump 400% percent over a week which big coins like Eth and Bitcoin can't do anymore.
Agree. The team is the most important one. You also need to know something about the products. 
I try to find altcoins that are trying to solve a problem or are significantly improving something that already exists. Then I look at the people/team behind it. How many people are working on it full time? How much experience do they have? Are they active on Github? Are they focused on not only development, but also marketing and creating business partnerships?
I agree with your opinion, altacoin promising project in investing, most of his team of experienced people, and whitepaper is also good that if according to my thinking 
Most of the altcoins have promising projects and products that encourages me to invest on different altcoins. Aside from being backed by well known people in the technology industry.
various reasons. It depends on alts. Some of them give a decent passive income, MNX is first that comes to mind, others have transaction techniques that surpass bitcoin - XLM (Stellar) and ADA ( Cardano) are good examples - and as such may become the standarts. But many, just to be on the safe side.
It encourages me to invest because work is not that hard and there are many people who are trying this kind of thing so i can say that this is not a scam
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If I want to invest in altcoins then it will surely be an altcoins with a working product and good team to execute a brilliant roadmap.
I'm looking to undervalued coins and when it growth very much I sell it
I try to find altcoins that are trying to solve a problem or are significantly improving something that already exists.
A good team, a good whitepaper, good partnerships with real companies. A community support behind the project.
Mass adoption, a good marketing. All affects me positively about a project. I like this specifications.
Mass adoption, a good marketing. All affects me positively about a project. I like this specifications.
First of all, a promising project encourages me to invest in any altcoin. Mostly I check the uniqueness of the project behind the coin, the rank and also if development is still in active development. My advice to do some research about project and team. Read white paper several times. There are a lot of scam altcoins so you need a lot of expirience to find the good one. But this expirience will come to you only after a lot of time reading and learning. All comes with experience. Be patient. Good luck! 
check and see what the Team and Project offer. What their development roadmap is and if this particular project benefits the community.
The trend of bitcoin is one of the reason which encourages to invest in altcoin. Since most of the altcoins trend depends based on bitcoin growth, I have personal craze buying altcoins like Dogecoin, Stellar and Cardano. These mentioned altcoins price is also less than $1 and have good potential to grow also encourages to invest.
It's my friends who make a lot of money from altcoin that encourages me. Seing them living the ideal life makes me envy and makes me want to do altcoins to earn just like them. And that envious ambitions makes me where I am now. I also earn just like them . And I am talking about about 7 digits here. I have not earned that much i my job. Turn negatives to positive. Envy is not bad at all as long as you are doing the right thing.
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