Topic: What's your reason for buying altcoins? - page 8. (Read 2898 times)
My vote is to go to the moon. Look, I believe that bitcoin is the world's best coin, but our problem is its price. Let me explain. First of all, we are not that rich to buy a whole bitcoin. I buy $100 worth of bitcoin at a price of $38K. If the price goes up to $76K, my amount will be $200 and I will get $1K when the bitcoin price reaches $380K. For a low-class investor to get 10–50x profit from bitcoin is really tough. That is why we invest a lot in altcoins and we invest in bitcoin too. Because altcoin is undervalued, we can obtain a large quantity for a small sum of money. easy to get 10 to 100x. That is my opinion; others might be different. Thank you.
Please vote in the poll and explain your reasoning below...
Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.
Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.
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?
Metaverse projects can make a difference in future, many think otherwise, but i am always thought positive about them. Being involved in the early stages of a game project that has the potential to affect the industry. Companies are investing billions of dollars in metaverse and blockchain gaming projects, implying that the decentralized gaming sector will expand this year. I heard, and decided to follow ENGN concepts since they create the game around blockchain functions; the game can now be built using traditional gaming mechanics, and ENGN can be applied to bridge the gap in the game.Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.
Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.
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?
The only reason why you could buy altcoins right now is because they are actually at a very good price, they are cheap, and it is best to buy when you don't need that investment money but it is left there as if it were a savings, just that the savings will pay off when the BTC begins to give its bullish run, because every altcoin is dependent on BTC, at that time it will not have to wait because I am sure that it will grow in price, obviously if the currency is worth it, if not it is very difficult for them to put a recovery the altcoin.
Lately I meet a group of friends who told me the invest in altcoin to make profit so they can increase their Bitcoin holdings. And at some a valid reason with them. They said their strategy was quite simple since the couldn't vouche for any altcoin they kept their profits minimal and avoid projects that has had massive profits already so the get the early profit from new projects take the profit off and invest in Bitcoin.
Please vote in the poll and explain your reasoning below...
Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.
Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.
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?
Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.
Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.
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?
I have more in ETH in my wallet then BTC. I believe ETH will reach $6,000 in the next 3-6 months, as he recovers from the January flash crash, but we can see that the price is growing, therefore I try to retain every token that generates ETH. The cryptocurrency market is nearing the end of a four-year pricing cycle. I'm keeping on to ReFi because of their rewards, and I'm optimistic about the ETH price right now. Altcoins still hold a lot of my faith. Although Altcoins did not perform as well as expected last year, investors continue to flock to NFTs and the Metaverse. We'll have to see how cryptocurrencies do this year, but I've noticed a lot of interest in the Metaverse. I'm investing in certain gamefi companies like ENGN and Aragon, and they have a good business model.
Please vote in the poll and explain your reasoning below...
Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.
Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.
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?
Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.
Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.
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?
My reason to buy altcoins is to make profit. They usually have wilder fluctuations in price, than Bitcoin itself. But I wouldn't take them as a serious investment (except for Ethereum) simply because they can instantly "disappear" in a blink of an eye. I don't believe any other cryptocurrency will be able to surpass both Bitcoin and Ethereum, because these two have first mover advantage. Not only that, but they're the most decentralized cryptocurrencies in the world. Other coins may be faster and cheaper to use, but they lack security & reliability. It's why most investors trust BTC and ETH more than anything else.
I've already placed my vote, and was not surprised to see the majority voted for the same thing (choosing alts for profit). After all, most people are into crypto to become rich quick. What ultimately matters is the usability of any given cryptocurrency. As long as the cryptocurrency you're investing into provides real use cases to the mainstream world, nothing else matters. Remember, it's not about hype but rather "concrete results". You'll be on a road towards non-stop success if you play your cards right. Just my thoughts Grin
My major reason for buying altcoin is to earn from the anticipated increase in value and the altcoin. I'm personally in the cryptocurrency space to earn and all my strategies are focused in this light. I believe that the early adopters of a project has the privilege of buying at a lesser value and as more persons are coming to the project, the value keeps increasing.
Very interesting sir, the biggest reason I buy and hold coins/tokens is basically for investment and get a definite profit, but to exceed the market value of BTC and ETH in my opinion it takes a long time, and if I see news on social media and etc. there are still many who say the 2022 bull run is not over yet, hopefully, it's true and crypto prices continue to improve which in these few weeks is very vulnerable to a correction.
The reason I buy altcoins is because I hope to get big profits like the success story of the buyer who bought $120 Shiba Inu 15 months ago and now he is earning hundreds of thousands of dollars in profit, of course the opportunity for big profits from cryptocurrencies can still happen because there are many projects that look promising like Metaverse which is now trending in various media.
Most of us buy altcoins or even shitcoins for the sole purpose of making a high profit, although they also come with high risks. Apart from metaverse projects, web3.0, defi2.0 projects, especially MetaFi (a new trending concept introduced by binance recently). I think they will thrive the next time. This is an upcoming trend that will help cash flow into the market, boosting the market's recovery. Honestly, we are all looking for real opportunities to change ourselves or our lives by seeking profits. But always remember that it is only when bitcoin starts a bull run that altcoins stand a chance. So don't miss a beat for diversified portfolio, always hold btc first
Some “wen moon” people always forget this important thing.
)
Just earn profit only my reason why have to buy altcoin, but many time loss not profit only but also all my fund for capital to buy altcoin have drop price, but this risk when investing with cryptocurrency and almost investment have two side profit and loss. If not looks ready with loss better put money on the bank only or saving under your billow. I think buy altcoin have easy earn much profit than bitcoin still waiting on bitcoin condition but altcoin can reach higher price than bitcoin. But when bitcoin starts with bad condition choose altcoin have big risk can drop twice than bitcoin price and loss above 50% will show on our eyes.Some “wen moon” people always forget this important thing.
)The ability to earn money attracts a lot of people to the cryptocurrency industry. Many altcoins grow in price even more than Bitcoin.
That is why people prefer to buy altcoins to have maximum profit.
But many things depends on how useful altcoin is. For example appear altcoins that help to save money during shipping, trip or vocation https://www.facebook.com/permalink.php?story_fbid=102517842352379&id=101007292503434
Honestly, we are all looking for real opportunities to change ourselves or our lives by seeking profits. But always remember that it is only when bitcoin starts a bull run that altcoins stand a chance. So don't miss a beat for diversified portfolio, always hold btc first
Some “wen moon” people always forget this important thing.)
Just earn profit only my reason why have to buy altcoin, but many time loss not profit only but also all my fund for capital to buy altcoin have drop price, but this risk when investing with cryptocurrency and almost investment have two side profit and loss. If not looks ready with loss better put money on the bank only or saving under your billow. I think buy altcoin have easy earn much profit than bitcoin still waiting on bitcoin condition but altcoin can reach higher price than bitcoin. But when bitcoin starts with bad condition choose altcoin have big risk can drop twice than bitcoin price and loss above 50% will show on our eyes. Some “wen moon” people always forget this important thing.
)
It's the hope for most altcoins.
People are buying altcoins because they could move more than bitcoin. And that's the reason why many are into it. I have bitcoin and I have altcoins too.
I'm just balancing my portfolio and I know that bitcoin is much powerful in the market as it moves everything up and down. As you buy altcoins, make sure that you also buy bitcoin.
People are buying altcoins because they could move more than bitcoin. And that's the reason why many are into it. I have bitcoin and I have altcoins too.
I'm just balancing my portfolio and I know that bitcoin is much powerful in the market as it moves everything up and down. As you buy altcoins, make sure that you also buy bitcoin.
Of course. Altcoins are very useful for moving money across chains at a fraction of the cost. You can simply convert Bitcoin to altcoins or vice versa for peace of mind. Considering that altcoins are much more volatile than Bitcoin itself, they're a great way to make profit within a short amount of time (if you play your cards right). I'd "stick" with tried-and-tested altcoins that are not driven by hype but the number of use cases (mainstream adoption/demand) they provide. If you choose the right altcoins, you'll be able to use the profit to buy more Bitcoin. I'm pretty sure most people buy altcoins for profit.
Ultimately, it's all about Bitcoin. As long as you have Bitcoin in your portfolio, nothing else matters. Just my opinion
Please vote in the poll and explain your reasoning below...
Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.
Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.
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?
Metaverse projects can make a difference in future, many think otherwise, but i am always thought positive about them. Being involved in the early stages of a game project that has the potential to affect the industry. Companies are investing billions of dollars in metaverse and blockchain gaming projects, implying that the decentralized gaming sector will expand this year. I heard, and decided to follow ENGN concepts since they create the game around blockchain functions; the game can now be built using traditional gaming mechanics, and ENGN can be applied to bridge the gap in the game. Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.
Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.
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?
in fact, it will not exceed bitcoin. it's just, I know that we expect the altcoins we choose and hold on to will have very high prices in the future.
after all, our purpose in buying altcoins is largely because of their potential and their huge profits. Very few people buy altcoins with the intention of using the main function of the coin. Anyway, personally, I own an altcoin and hope the price will go up.
It's the hope for most altcoins.after all, our purpose in buying altcoins is largely because of their potential and their huge profits. Very few people buy altcoins with the intention of using the main function of the coin. Anyway, personally, I own an altcoin and hope the price will go up.
People are buying altcoins because they could move more than bitcoin. And that's the reason why many are into it. I have bitcoin and I have altcoins too.
I'm just balancing my portfolio and I know that bitcoin is much powerful in the market as it moves everything up and down. As you buy altcoins, make sure that you also buy bitcoin.
Honestly, we are all looking for real opportunities to change ourselves or our lives by seeking profits. But always remember that it is only when bitcoin starts a bull run that altcoins stand a chance. So don't miss a beat for diversified portfolio, always hold btc first
Some “wen moon” people always forget this important thing.)
I still remember that "To the Moon" in 2017, and boy was it something that was starting to bother me. For me, the only reason for the altcois to start taking their bullish turn is that BTC rises in price and is put in a new ATH, which is something that we cannot rule out, but for now the market is a bit strange, with a lot of uncertainty In fact, the whales have tested price levels to see how the offer behaves, trying to push the price to $43-$45k, but we have seen that there are many bears, so it is somewhat difficult to eliminate the offer, since as long as there is a lot of supply, it will be difficult for btc to rise and, consequently, altcoins to rise.Some “wen moon” people always forget this important thing.
)Honestly, we are all looking for real opportunities to change ourselves or our lives by seeking profits. But always remember that it is only when bitcoin starts a bull run that altcoins stand a chance. So don't miss a beat for diversified portfolio, always hold btc first
Some “wen moon” people always forget this important thing.)
I still remember that "To the Moon" in 2017, and boy was it something that was starting to bother me. For me, the only reason for the altcois to start taking their bullish turn is that BTC rises in price and is put in a new ATH, which is something that we cannot rule out, but for now the market is a bit strange, with a lot of uncertainty In fact, the whales have tested price levels to see how the offer behaves, trying to push the price to $43-$45k, but we have seen that there are many bears, so it is somewhat difficult to eliminate the offer, since as long as there is a lot of supply, it will be difficult for btc to rise and, consequently, altcoins to rise.Some “wen moon” people always forget this important thing.
)
Honestly, we are all looking for real opportunities to change ourselves or our lives by seeking profits. But always remember that it is only when bitcoin starts a bull run that altcoins stand a chance. So don't miss a beat for diversified portfolio, always hold btc first
Some “wen moon” people always forget this important thing.)
Some “wen moon” people always forget this important thing.
) 
I'm not sure the coins I hold can exceed BTC later at least the coins I have can be useful in the long term and give me passive income every month from staking and farming is more than enough
Well for me the main reason why I keep on buying altcoins is because I know that if I diversify my portfolio with potential altcoins it can give me a very good amount of profit and I know that once that the market is in good condition all my altcoins will pump massively.
The reason of buying altcoins is simply means to make a profits after a short period of holding
We are all having the same reason and that's for the profit and the difference is just the period or how long we're going to hold it.therefor everything that is involved with finance is know as business, buying alt-coin is a business that can brings profits or loose after a short, or long time returns investment.
Not everyone who goes for short term period goes into a loss and that's the same as long term and vice versa.But if you've made a profit out of the best period that you can, never forget to look back with that experience because it'll eventually help you when you're looking for a reason why you should buy at lows.
I used to buy bitcoin when it was cheap and the transactions were also a lot cheaper than what it is today. But now the price is a lot higher than ever before and the same goes to the transaction fees involved, so I shifted to other coin and tokens which are cheaper now but are speculated to rise exponentially in the future like the Metaverse tokens and the coins based on binance smart chain instead of buying tokens on Ethereum chain.
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