What's your reason for buying altcoins? - page 5.

Ahli38

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Quote from: BobK71 on May 23, 2022, 02:54:52 AM

We know that the most suitable investment in cryptocurrency is Bitcoin investment. Investing bitcoin reduces the risk, and the whole cryptocurrency depends on BTC. However, knowing this, why we are investing in altcoins? The main reason is that many of us can not afford to buy Bitcoin as much as we want. Ultimately we have to choose altcoins to get more by investing a little.

Yes, it's true that altcoins always follow bitcoin. then you are right that it is safer to invest in bitcoin. but there are so many reasons why people buy altcoins. like myself who expect bigger profits from altcoins. namely in short-term trading (scalping). because I feel that altcoins are more suitable for short and medium-term trading because of higher fluctuations so it is easy to profit from scalping results and for the long term bitcoin should be the choice because it has minimal risk and has undoubted potential.

fzkto

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Quote from: amishmanish on May 23, 2022, 12:54:13 PM

I believe the bitcoin will always stay as the prime crypto currency. The altcoins mostly these days are new projects which are mostly a gamble. Since most of the people believe that buying shit coins at low value in large numbers will help you to earn greater profits if there is major value fluctuations.
However these coin might not survive in long run and investing in these coin in nothing more than a gamble

In principle, I agree with you that almost all altcoins are shitcoins. But if you have patience, you can make money from them. I think bitcoin has much less growth potential than for example DOT or LTC. The bitcoin train left those who wanted to make big profits. But there are other ways left in this wild casino. If you are lucky, you will get good profits.

FiPi

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Quote from: Earn_Finance on May 25, 2022, 03:36:55 AM

Quote from: 100xcoin on May 20, 2022, 05:14:36 AM

The most important for new altcoins is to check how they are useful for people and what opportunities and tools for people they offer.
Now Anonymous Trading is popular and in demand like that https://medium.com/@test566566566/what-is-anonymous-trading-and-why-do-traders-need-it-fd9f72d6f75

Now all market falls and many people lose their interest for investing.
But the best time to buy all assets is during the fall of the market.
Because investors will have the best price.

Cryptocurrency market falls because all markets falls and situation in the world is very unstable too.
A lot depend how the world crysis will develop and how long it will last.

Innerpumper

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Quote from: dragonvslinux on December 16, 2021, 06:31:59 AM

But what is your reason for buying and holding these coins? What type of profits (fiat/btc/eth/other) are you hoping to achieve and have you already taken profits?

Do you genuinely believe any of your altcoins can genuinely surpass Bitcoin or Ethereum's market values in near future?

Buying and holding it means that the coin is indeed a lot of interest, but to hold it means we see the potential of the project is very worth holding on to because it will generate far more profit than what is invested normally will hold it in the long term.

I don't believe that it will happen in the near future, the proof is that currently bitcoin is still no. 1 and is still the price mecca for all coins, but in the long run it may happen as technology advances will create amazing coins.

hichamito37

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Quote from: BobK71 on May 23, 2022, 02:54:52 AM

We know that the most suitable investment in cryptocurrency is Bitcoin investment. Investing bitcoin reduces the risk, and the whole cryptocurrency depends on BTC. However, knowing this, why we are investing in altcoins? The main reason is that many of us can not afford to buy Bitcoin as much as we want. Ultimately we have to choose altcoins to get more by investing a little.

Most of us buy altcoins because we expect to get big returns from investing in altcoins. Bitcoin is a safe and risk-reducing investment, but because bitcoin has increased in value thousands of times, many people think that investing in bitcoin will not be able to bring big returns, so many new investors chose altcoins over bitcoin.

Besides, we also need to diversify our investment portfolio, bitcoin is suitable for long-term holding and altcoin is more suitable for short-term profit.

Ahli38

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I bought an altcoin and invested in it of course because I wanted a quick profit, that is my dollar could double. and I don't like long term investments in altcoins. I only trade short and medium term. buy when the upside potential appears. and selling at the height of the hype. because for long term investment i choose bitcoin which i trust.
The reason I can't hold long-term the altcoins I hold is because of past experiences. and even now I see a new lesson from the tragedy of terra luna.

mr_enoc

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I buy some good coins or altcoins because i believe that i will earn more from altcoins. There are times that altcoins price is rising too much. So, as an investor i will probably invest and take a risk in order to earn more.

Earn_Finance

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Quote from: CryptoArena_Official on May 24, 2022, 10:18:14 AM

Quote from: 100xcoin on May 20, 2022, 05:14:36 AM

The most important for new altcoins is to check how they are useful for people and what opportunities and tools for people they offer.
Now Anonymous Trading is popular and in demand like that https://medium.com/@test566566566/what-is-anonymous-trading-and-why-do-traders-need-it-fd9f72d6f75

The price of altcoins depends on demand in them.
But during the fall of the market the price of cryptocurrency falls and demand in altcoins falls too.
That is why it is important to check everything not to lose money during the fall of the market because such investments are very risky.

Now all market falls and many people lose their interest for investing.
But the best time to buy all assets is during the fall of the market.
Because investors will have the best price.

Furious 7

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Quote from: whiteblue on May 24, 2022, 10:38:53 AM

Quote from: CryptoArena_Official on May 24, 2022, 10:18:14 AM

The price of altcoins depends on demand in them.
But during the fall of the market the price of cryptocurrency falls and demand in altcoins falls too.
That is why it is important to check everything not to lose money during the fall of the market because such investments are very risky.

However, the movement of altcoins will greatly affect the bitcoin market without exception, but if the bitcoin market is relatively stable then altcoins will have the opportunity to increase based on the big news of each coin.

hm, I think it's the opposite of the movement of bitcoin that really makes the market of alt fall apart, it depends on the movement of bitcoin itself. when they move well enough then maybe they can put a large enough altcoin to provide profits but on the other hand when bitcoin is corrected it will make altcoins go crazy and fire.
this is a natural thing considering bitcoin can be said to be the core there because indeed if we make an analogy in the caste system then bitcoin is the king now

whiteblue

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Quote from: CryptoArena_Official on May 24, 2022, 10:18:14 AM

The price of altcoins depends on demand in them.
But during the fall of the market the price of cryptocurrency falls and demand in altcoins falls too.
That is why it is important to check everything not to lose money during the fall of the market because such investments are very risky.

However, the movement of altcoins will greatly affect the bitcoin market without exception, but if the bitcoin market is relatively stable then altcoins will have the opportunity to increase based on the big news of each coin.

CryptoArena_Official

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Quote from: Coinmaster2.5 on May 23, 2022, 01:31:01 PM

Quote from: 100xcoin on May 20, 2022, 05:14:36 AM

The most important for new altcoins is to check how they are useful for people and what opportunities and tools for people they offer.
Now Anonymous Trading is popular and in demand like that https://medium.com/@test566566566/what-is-anonymous-trading-and-why-do-traders-need-it-fd9f72d6f75

Now all markets falls and it is possible to buy new and prospective altcoins for the best price.
But the most important is to find this prospective altcoins and evaluate their potential.

The price of altcoins depends on demand in them.
But during the fall of the market the price of cryptocurrency falls and demand in altcoins falls too.
That is why it is important to check everything not to lose money during the fall of the market because such investments are very risky.

GelesFinance

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Altcoins must be bought for profit and for support of important global projects

Abiky

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Quote from: uelque on May 23, 2022, 07:09:03 AM

I think one of the main reasons why we people buy altcoins is that majority of altcoins are still cheap and at their early stages. And there are higher chances of getting a large amount of profit after a few months or years if the project is really good. And also, we have to accept that some altcoins are also providing solutions to real-world problems that can be very beneficial to us humans. That is why altcoins are not just coins that are in the market, they are here bringing in value just like bitcoin. So who would not invest in altcoins as well? I actually love altcoin because a lot of them have the potential to bring value to the world and not just by the profit I can make by investing in them.

Yes. Many people buy altcoins with the purpose of enriching themselves in the least time possible. But not all that glitters is Gold. With what happened with LUNA lately, I'd be careful putting all of my life savings on altcoins. Only a select few altcoins like ETH and BNB are worth it because of their proven track record of development and innovation. But the rest would be a gamble due to their extremely unpredictable nature.

Bitcoin is the main mover of the market, so if it goes up, so will the rest of the other cryptocurrencies on the market. Diversifying your investment into more than one cryptocurrency will help you minimize as much risks as possible. As long as you play your cards right, you'd be on a road towards non-stop financial success. Just my opinion

Coinmaster2.5

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Quote from: Clime_Finance on May 22, 2022, 04:43:53 PM

Quote from: 100xcoin on May 20, 2022, 05:14:36 AM

The most important for new altcoins is to check how they are useful for people and what opportunities and tools for people they offer.
Now Anonymous Trading is popular and in demand like that https://medium.com/@test566566566/what-is-anonymous-trading-and-why-do-traders-need-it-fd9f72d6f75

Many altcoins grow in price even more that Bitcoin.
Bitcoin is overvalued that is why many people are looking for new and prospective for investment projects to invest in them on pre-sale stage.

Now all markets falls and it is possible to buy new and prospective altcoins for the best price.
But the most important is to find this prospective altcoins and evaluate their potential.

Jocuserious

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Very cool! There are many people who bought altcoins for making profits of coming bear market but i thinking this is bad reason. Because btc not now show new ATH so if again dumping start then all altcoins price will deep much. I don’t think which felling i face now because i habe been hold many death coin and I'm looking at them now.

amishmanish

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I believe the bitcoin will always stay as the prime crypto currency. The altcoins mostly these days are new projects which are mostly a gamble. Since most of the people believe that buying shit coins at low value in large numbers will help you to earn greater profits if there is major value fluctuations.
However these coin might not survive in long run and investing in these coin in nothing more than a gamble

amihada

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Everyone buys alcoins for the purpose of making a profit, now is a great opportunity to invest in alcoins such as ethereum coins and bnb coins because the prices are cheap, I'm sure if you buy now you will benefit in the future.

BitKongy

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There is one common reason why people invest in altcoins, it's either to become a future whale or to make bigger profits for personal reasons or to have more Bitcoin, I as a person engaging in both, I want more Bitcoin and also more profits to proclaim myself fit to be called a successful man.

RussianEnglishTranslation

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It's simple really. Large caps may be safer investments because they are more widely adopted but the industry as a whole is new, so it's completely possible that BTC and ETH are no longer in the top 10 a decade from now. Take a look at the dot com boom. Some websites like pets.com are no longer around, some are, like Amazon. You can make more by investing in the next amazon right now than by investing in a top 10 project, although the risk is higher. This is one reason why I invest in new L1 chains, like $CNDL and $HBAR. Candle Chain specifically is designed to host metaverse DApps. Hedera is partnered with several of the world's largest banking and tech companies, so that has a bright future as well.

JangoUnchained

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I have many altcoins that I am looking into presently but I still don't have the gut to buy them because this isn't just the right time to do so, I will buy when the market is in a hard state for crypto projects to survive and this will reveal which which project is far superior over others.

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