Topic: What's your reason for buying altcoins? - page 15. (Read 2904 times)

I don't know how to react to the op post, especially asking what type of profit you hope to get! Really? What does it matter what kind of profit, the bottom line is you are making something out of your investment which is the number one goal of many investors,
In case @op is new to alts investment, you can't compare investing $100 on alts same as investing $100 on btc, the former has high profit opportunity than the latter. That simple.

Because I am sure alt coin investment in not bad because from other trend alt trend give us a great profit So when bitcoin dump alt dump too much so better to took some alt for huge profit

now altcoins - it is actions from big companies, like metaverse projects, and it is perspective for future, also altcoins gives x10, x100 profit, but it is high risk

Yes to be able to surpass or beat Bitcoin so far is very difficult but even so I see Ethereum has the potential to do that in the future,
Of course we also have to follow its development and we'll see later,
what is clear in crypto is difficult to predict

I have investments in altcoins, not distrust in the altcoins I have but I am sure especially at this time that no one altcoins I own can surpass Bitcoin that's a hard things, while to surpass ETH is possible but it is very unlikely to happen in this year or in short term.

I bought altcoins for simple reason, and the reason is that I can easily grow or multiply my earnings here as long as I have an idea
for what I am buying a coins here in the cryptocurrency, just make sure the coins has a potentials to give profit and has a good at least
in terms of market here in this business world of crypto.

The main reason I invest in some of the altcoins is to look for projects with a solid team that has innovative ideas on how to solve real-world issues. There are a ton of coins out there that offer nothing more than a bunch of empty promises just to pump and dump over and over again. There are others that have a solid team behind them with a real marketing strategy and follow through on their roadmap. Those are the ones I like to put my money behind.

I have bought or mined altcoin for the same reason I have mined and bought bitcoin.

The process had been the same every time. I come to know about bitcoin. read the whitepaper and decided whether it is of value. Mined it. Then mined more and bought it at opportune moment or some time were forced as old exchanges closed on me. I usually don't buy POS unless there is an arbitrage opportunity. For example, when it was not possible to mine bitcoin anymore with cpu / gpu I used my cpu / gpu s to mine altcoins. Even at that time I expanded my cpu farm and gpu farm during the whole of 2016-2019 until GPU shortage made the price go to moon. When 1 altcoin is not mineable anymore I used the GPUs to mine the next alt coin depending on the objective of the alt coin. When bitcoin was not possible to mine by gpu I bought asics. Similarly when altcoins were not mineable anymore I bought asics. I am not influenced by Elon to buy a particular alt coin. Because i don't think elon has as much understanding of crypto as I have just like I don't have his vision in electric vehicle and space voyage. I respect him hold tesla stock for long time but I do not blindly follow him. Actually when he tweets about a failed alt coin that may be the time to sell it. If I had one of those coins then I would evaluate selling it after Elon tweets about such a shit coin. I basically buy an altcoin that has a promise which bitcoin did not have or may be bitcoin did have that promise but the feature is bit compromised in case of bitcoin but is implemented better in that altcoin. I rarely ever buy a coin without mining it, holding a personal wallet and doing some real transaction with it just to validate the use case.

 

^ I'm not usually used to buying altcoin. Most of the time I buy Bitcoin when the price of Bitcoin is low. If a new project is launched and it seems profitable, I sometimes participate in their token sale. I think the main reason for investing in altcoin is the low capability of investment. If you have $100 to invest, you can make very little profit by investing in Bitcoin at such a high price, because you can't buy a full Bitcoin, you have to buy a fraction. but with a small investment in altcoin, the profit is higher because you can buy a lot of full coins at a low price. .

^ For those who wanted and seek profit in a short period of time, altcoins are the best place. But don't forget the risk that was there, it will always be in the altcoins because they are usually in hype which is there is no real use but they pumped because of the hype or have been manipulated.
Trusting and investing altcoins it seems like you are gambling your money, though it's not that a high risk but for sure you will have a loss once it will dump with prior notice. If you are an expert in fundamental analysis, good for you to risk your money in an altcoin.

I voted for Satoshi for one reason that Bitcoin is able to achieve great profits in the long run due to the economic feasibility that it has enjoyed since its inception to this day.!!
I would also like to point out that people who invest in companies may see their investment cut drastically by a newly created stock market, which is why I think it’s best for traders and investors alike to get ahead of the curve now while they still can!!!

All this does not mean that altcoins cannot generate better revenue, on the contrary, we have seen many projects that have been very successful and can achieve more in the future. However, for now, I prefer Bitcoin to all. I may have a different opinion in the future. This is just an impression!!

I don't think any altcoins have potential to overcome bitcoin price for the next decade at least. As I see, people who invest in altcoins mainly aim faster profit percentage, although it's not a guarantee, because bitcoin has the same potential of surprising the market just like we saw during the last bull run which pushed it to a new ATH.

Personally, I buy and like altcoins which offer extra benefita besides speculative profit opportunities. I mean altcoins which have a real use, like some NFTs and some tokens which offer benefits inside crypto platforms, such as FUN token.

Ethereum is also a must as a safe currency to hold money when dealing outside exchanges, inside ETH platform, since bitcoin isn't an alternative.

To seek for a PROFIT is what we aim for why investing altcoins. But because so many worthless altcoins exist in the market today, that is why most of the people here investing and sharing huge funds into Bitcoin. Well, that was supposed to happen and that was what I did also for funds protections. Altcoins are indeed the 2nd option to people's whitelist, I actually buy a few altcoins when I know that I was having a chance to make a profit but felt not to risk new projects as they are mostly scams and worthless.

Investing in this project shoudn't be focused on this you just wrote or you might be drawn to a wrong investment that is just end you in losses. Avoid any project calming to out perform Bitcoin and those projects that calm to be ethereum killers in the past are no where to be found now. The new smart contract related projects doing so well don't call themselves ethereum killers instead they understand that there has to be other alternative and that's the solution they're providing.

Investing in altcoins should be focused on the technology this project are developing and as they pose an even greater chance of having more return of investment although coming with it high risk as well. Investing in altcoin for me is just to have other source of generating cash flow for my other investment which has to be securing as much Bitcoin as possible due to its finite nature and potential it holds to disrupt the financial system and other real estate investment.

In addition to researching the price history, you can check the altcoin's market health through its trade volume. Simply put, when more people trade higher amounts of an altcoin in the market, that altcoin is in good shape. It's even better if people find actual use in that altcoin.

I'm sure many coins have the potential to surpass ethereum and bitcoin from their price. But history says that bitcoin will never be replaced because bitcoin is the beginning of its own cryptocurrency. Before we get to know other coins we must always learn about bitcoin first.

There are lots of reasons to look at:

- Bitcoin is considered as can't be touched nowadays by an ordinary investor although they can buy at a fraction
- There are altcoins that are worth investing in long term like ETH, BNB, KCS
- Some altcoins are getting hyped and with the right timing, we can profit from it whether it's a new coin or meme coin

Buying altcoins should always be part of our activity. Don't just stick with Bitcoin as there are valuable altcoins to choose from.

Most people want high profits and I guess, that's normal for every person.
But one also should look at things realistically, because if you have high hopes and you didn't achieve it, you may get disappointed and depressed.
Some are buying cheap alts because it seems that you have large stash of coins, but we should assess if they have possibility to increase its value.
Because a lot of cheap coins will just continue to go down up until the dev team abandon the project, which you will be holding worthless coins.

I buy my altcoins in order to get fiat/dollar profits, this is the main reason why I invest in altcoins, in addition, I buy altcoins because of the high price of bitcoin, which is difficult to buy. The prices of most altcoins are good and we can buy them without sacrificing huge capital so I have Many altcoins that I eagerly await to give me good profits with the advent of 2022.

I don't know why more people are voting for the shake of altcoins go to the moon.
For me personally, I the reason is to get profits in fiat. Yeah I cannot ignore that profits are the first reasons why I ma trading altcoins. I don't expect too much that the altcoins will really go to the moon or not because we cannot  know about this. Moreover many new altcoin projects are only pump and dump, and they only promise the chance of go to the moon, but not know when this will exactly happen. I  personally will take profits in fiat when the price has reached the target.