Topic: Why alt is important - page 3. (Read 408 times)

I don't understand its importance here.As we all understand, the truth is that the market is mainly influenced by bitcoin, so altcoins fluctuate at this stage also due to the impact of news related to bitcoin. Many people have been hotly discussing BRC20, I think there have been some topics that have emerged, but to me, the current hype is still related to some low quality content about memes, and they are not the basis. The investment base to me simply sees it as a fomo event. Actually, altcoins are always important, they bring directions to solve problems, but if you are too fomo to follow trends and are not aware of the things that are built like infrastructure, then altcoins are a potentially risky place.

Altcoins are more risky to invest in and if you can take the risk, find a good project through your research it can give you good ROI. Saying that most altcoins that are doing well are meme coins  currently. Except a few that have created an ecosystem around themselves or those that started this trend I doubt taking a risk on a new one could be that fruitful. It is better  to wait for the next bull run to get a good return on existing projects that are already hyped.

Alts work well on the basis that they are a short-term investment and a golden opportunity to buy more Bitcoin, but they mean a huge loss if you are greedy or try to bet that the price will increase after reaching ATH or think about selling at a point close to that. The rule says to withdraw your profits whenever It came true. You should not try to withdraw them to the wallets because sometimes your coins may be burned or you may not be able to deposit them again or even forget about them.

Yes if you are into altcoin and at the same time you love bitcoin then youll grind on altcoin and keeps trading it on bitcoin. All earnings on altcoins converted into bitcoin is a wise move. Its always like that when you are trying to grind for more bitcoin. Some bitcoin maxi prefers buy and hold but for traders a mixture with alts is more benefitting. Imagine Saylor also engaging with other coins?

  I also believe that altcoins have made significant contributions to the crypto market; without them, many people throughout the world would not have received financial assistance, at least not as much as I have. indeed.

  The more purchasing you do, the better, because you can at least measure the technique you should use because it is also in the crypto area. Another thing: whether others admit it or not, it nevertheless contributes to the growth of technical breakthroughs.

What's your conclusion, then? You have been mentioning all of altcoins that have been performing so well during the pre bull market season. The important of altcoin to give us easy profit when the bullish market has come.
Mostly of meme coins were scam coin. It might be pumped but it will be dumped crazily later. None knew when the scammer who was issuing the meme coin will be dumping it to make millions of money from the traders.
Altcoin was just giving alternative way to invest and avoid the congested blockchain when bitcoin got many traffics. I don't see an important point other than it.

Cheap tx, more explorations into the DEFI and various services and that's it.

The fact that the team uses this name already suggests that they are scammers and are trying to mislead investors so that they believe that this coin is somehow connected with Elon Musk. Therefore, it is necessary to stay away from such meme coins, and then you will be able to preserve your money.

More like if you don't have the capacity to invest in Bitcoin, there are other alternative coins you can invest in that are of lesser amount, but you need to be very careful so you don't fall into a scam. But then there are lots of profitable altcoins out there in the market, you just have to do your research on which of them to invest in, considering the volatility that's involved.

Altcoins serve its purpose and they deliver a great product and services that the market can’t afford to decline it.
Good altcoins always be the priority to many and the current up trend is an indication that many are still supporting altcoins. There is no doubt about Bitcoin of course but if there’s a way for you to get good altcoins then better to grab it too. Yes SOL is doing great right now, better to take advantage of the airdrop and know how to qualify.

Altcoins are here to serve as an alternative to Bitcoin and we can see its value by giving a good service that Bitcoin can’t give and right now there’s a lot of good altcoins that helps cryptomarket to be on a good spot. What you can do right now is to look for a good project to invest with because not all altcoins are worth to invest since some are just a hyped project especially with the meme tokens so be careful and know how to manage your risk.

We should channel our focus on a prominent project and not just anyhow projects, we ought to apply precautionary means to stay safe from the scams and dumps of projects. The market is filled with volatility and there's absolutely no holding back when it comes to dealings with the market. We are open to new investments and projects daily in the market but we just have to stick to good plans and solid development, because that's one of the means to stay put and exploit our chances of milking the system massively. There are numerous activities for one to engage in when it comes to cryptocurrency.

I can't find any grok token that had 66 million marketcap. But overall everything you said is just misleading data. Because valuating your burn 50% supply burn when you hold majority tokens doesn't mean anything. It's just least you can do. It doesn't cost to dev $3 million when liquidity is just enough to buy a happy meal with large fries.

I can make a token worth noobgrok and while holding 99% of the supply, i could burn millions dollars worth it, even if it had only only $100 in liquidity and trading volume of one dollar per day.

In short: that's a scam.

Altcoins are important because every market needs competition to overdo their competitors or market leaders by providing better technology or services which will attract the crowd but I am saddened to saw we look at crypto just as an investment and fails to utilise what it has to offer and even Altcoin developers are also just showcasing about APY instead of what it has to offer.

Another issue with Altcoins are it's volatility which makes bitcoin looks less volatile. But altcoin's volatility is a boon for experienced day traders and Bane for naive investors.

Altcoins needs to focus more on development than marketing it's APY. I am aligned about your thoughts on Solona but skeptical about other coins which you have mentioned as it's too early to comment on them.

If alt coins are to be traded, they should consider the risk of price fluctuations and unfortunate events. Also, you should have a basic understanding of the current readiness status of an alt coin and possible changes. Also, you must take the time to familiarize yourself with each trade and learn if you want to learn and improve yourself. All alt coins in the market except Bitcoin are risky. You do short term trading more long term trading is totally risky which is fear of losing money. Dogecoin, Shiba Inu, Pepe Coin Meme coins or cryptocurrencies currently in the market can be useful for you in trading but carries the highest risk. The value of these coins tends to go up and down depending on the field. When interested and motivated to start trading, the most important thing is to observe yourself and trade with humor. Allows you to arrange yourself through which good profit and education can be obtained.

So, from my last topic, I talked about alts even those that are for short term and how exchanges (like the one I mentioned Binance and Bitget) listing some alts could give you 60% and above chances in earning than getting rugged or getting a better chance to avoid shitcoins.
 If you read below, you would understand this topic better and how talked about TIA as a reference and how well it did when it got listed.

https://bitcointalksearch.org/topic/m.63092909

Another alts that did well this week, if you check your CMC you see that most of them were listed and if you go over Twitter you see the happiness of those who did earlier or traded them earlier

 SATS (Token) - Currently the most actively traded BRC-20 token, with a 24-hour on-chain trading volume of approximately US$5.2 million.

GROK (Token) - GROK is a memecoin named after the artificial intelligence model GROK, developed by Elon Musk's company XAI. It currently enjoys significant hype on-chain. Despite recent instances of FUD, the project confidently burned tokens worth nearly US$3 million. Over the past two days, its price experienced a significant rebound, at one point surging by 60%, reaching a market cap of US$66 million.

RATS (Token) - A BSC replica of the BRC-20 token, rats. Token trading began in the early hours of today and the contract shows no apparent risks. Its 24-hour trading volume reached US$29.3 million, with significant price fluctuations.

Some could be a meme coin By now we should all know what to do, Know the alts to trade for the short term, and long term and hold for the long term. We are here for Profits

BTC is always the king.

Hence I forget, one good Alts that has been doing well is SOL. They will be airdropping some wallets by next week. You can read more and make good use of this information