Why altcoins are rampant in the market - page 3.

altixz

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Quote from: Lunafox on July 14, 2021, 12:01:28 PM

Quote from: JackieAinsley on July 12, 2021, 08:22:58 AM

Now, during the fall of the cryptocurrency market, it is very important to attract attention to yourself so that people notice the project. Here is an example of how to attract attention to yourself - https://dragonbite.medium.com/dragonbite-announces-uniswap-ido-with-a-ferrari-8beebe4f0f13

During the fall of the market, attention to cryptocurrencies falls significantly. Therefore, the Ferrari California prize will attract attention to the project. This is a very serious and expensive prize.

When the market falls, there will be fewer participants, so the chances of winning a Ferrari California will be greater.

apa don

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Quote from: mulia sabee on July 17, 2021, 07:16:38 AM

Because everyone can see the strength of bitcoin is already profitable, and everyone can issue coins, but just because everyone can issue coins, there are many other coins on the market, but also because everyone can issue coins, there are many swindlers in the market, we must pay attention when investing, do not be received.

Yes, that's true, but all of that has not been legalized in the crypto market assets that are currently happening.
and what is rampant now in the market, it's not a serious thing for those who want to invest for long-term projects or future projects, and it's best to understand in advance what you want to invest, before it's too late, and the coins that are rampant right now not necessarily official.

Saisher

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Quote from: Bitcoinjheta on July 17, 2021, 03:21:53 AM

As you can see on the coinmarketcap list over 10,933 coins are being competing to make the best coin next to bitcoin. And we all know only few coins will survive over the years which have its real used coin. It comes to the point that altcoins are best alternative investments coin when value of bitcoin is really expensive.

I would not even look at coins that are beyond 100 if I am going to invest, if you are going to invest it's important that you look at the volume and the exchange where is traded, it should be on top of exchange and they have a product that they can offer to the community and a platform, that will contribute to the enhancement of Cryptocurrency.

Iminingpro

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Quote from: Lunafox on July 14, 2021, 12:01:28 PM

Quote from: JackieAinsley on July 12, 2021, 08:22:58 AM

Now, during the fall of the cryptocurrency market, it is very important to attract attention to yourself so that people notice the project. Here is an example of how to attract attention to yourself - https://dragonbite.medium.com/dragonbite-announces-uniswap-ido-with-a-ferrari-8beebe4f0f13

During the fall of the market, attention to cryptocurrencies falls significantly. Therefore, the Ferrari California prize will attract attention to the project. This is a very serious and expensive prize.

When the market falls, all people leave the market. But cryptocurrencies are a useful technology and there are many useful and necessary projects that appear on the market. These projects should continue to develop.

Psynthax

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This is why you should only look for altcoins that have real products and project, afaik altcoins usually have to serve different purpose than btc, most of altcoins acts like stock where if the project gets popular it will increase in price as well, so to say, altcoin usually are fundamentally different than btc although some might have more or less the same purpose. I personally prefer to invest in altcoin with real product nowadays

mulia sabee

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Because everyone can see the strength of bitcoin is already profitable, and everyone can issue coins, but just because everyone can issue coins, there are many other coins on the market, but also because everyone can issue coins, there are many swindlers in the market, we must pay attention when investing, do not be received.

avarnet

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Maybe the altcoin can be pumped because from one side we see that the altcoin has a lot of promotions and makes it attract investors' attention so that later the altcoin is famous and many investors want to invest so that the way the altcoin has a lot of demand so that it becomes high in value, then we intend If you want to buy or develop the cryptocurrency, we must take part in its promotion. So when bitcoin is cheap, investors will also return to altcoins.

horrifiedx1

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Quote from: bots1 on July 17, 2021, 02:30:56 AM

Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

Bitcoin has experienced a very rapid increase in price. Bitcoin is getting tremendous attention from the public. This moment is used by people to create new altcoins with the sole purpose of gaining personal gain. Many modes of fraud are in the name of altcoins so caution is required when entering into new altcoin investments. My advice is to be careful when investing in altcoins. Among altcoins, there may be scam coins, which only attract users to invest through private sales, or presale discounts. Scam coins can use a website that stands out or boasts a large community to create the effect that other people will feel scared if they miss the moment.

with the high price of bitcoin and its dramatic increase, so many new projects appear to take advantage of this moment, so with a busy market, they gather investors to enrich themselves, because many of those projects end up being scams and taking investors' money away, or many undeveloped projects, to the detriment of investors. actually even though it's a new project but it has the products needed, I think it's worth investing too

Bitcoinjheta

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

As you can see on the coinmarketcap list over 10,933 coins are being competing to make the best coin next to bitcoin. And we all know only few coins will survive over the years which have its real used coin. It comes to the point that altcoins are best alternative investments coin when value of bitcoin is really expensive.

bots1

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

Bitcoin has experienced a very rapid increase in price. Bitcoin is getting tremendous attention from the public. This moment is used by people to create new altcoins with the sole purpose of gaining personal gain. Many modes of fraud are in the name of altcoins so caution is required when entering into new altcoin investments. My advice is to be careful when investing in altcoins. Among altcoins, there may be scam coins, which only attract users to invest through private sales, or presale discounts. Scam coins can use a website that stands out or boasts a large community to create the effect that other people will feel scared if they miss the moment.

darahjuang

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The purpose of Altcoins according to my short knowledge is just to make things easier. This means that when people cannot afford to buy Bitcoin because it is expensive, then Altcoins are another option for people to invest. What is happening now is that many people make the wrong decisions when buying coins.

petyang12

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It does. They saw the value of bitcoin and created their own altcoin plus there is a trend of a coin like dogecoin and shiba inu token. Other crypto?, I didn't hear much jf there's a trend but still people uses it mostly in gambling.

kak uli

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Quote from: panjay on July 13, 2021, 10:26:41 AM

People just look for an alternative to doing things, something they can grasp financially/tech or something they value over because it makes it easier for them.

And people got incentives for making alternatives to bitcoin. Money.

most people are like that they do, they are looking for alternatives to do something that can be profitable, either by buying several altcoins that have the potential to get big profits, so they use those profits to invest in bitcoin or ethereum and bnb. mnenurt it is a very good Alternative

imstillthebest

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no its not only for the profit but early altcoins and some new altcoins have been created to offer something that can help btc and its users and this altcoins that are useful can have a good value and can stay long.
this is why many are investing on them including the btc investors . there are altcoins that are useless and all you can do is ignore them and they will die easily.

Argoo

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

It would be simply amazing if altcoins did not evolve and flourish. Bitcoin is just a universal coin, without any specific functions, which are developing in different directions in altcoins. Therefore, altcoins have a lot of useful and necessary functions for people. Of course, many altcoins are useless and fraudulent. However, this does not change anything, since the market itself will discard all unnecessary and leave only promising altcoins. Therefore, everything is fine with altcoins. There is no other way of their rapid development yet.

TmHsHel

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Quote from: Lunafox on July 14, 2021, 12:01:28 PM

Quote from: JackieAinsley on July 12, 2021, 08:22:58 AM

Now, during the fall of the cryptocurrency market, it is very important to attract attention to yourself so that people notice the project. Here is an example of how to attract attention to yourself - https://dragonbite.medium.com/dragonbite-announces-uniswap-ido-with-a-ferrari-8beebe4f0f13

During the fall of the market, attention to cryptocurrencies falls significantly. Therefore, the Ferrari California prize will attract attention to the project. This is a very serious and expensive prize.

The market continues to fall, so the number of participants participating in airdrop is decreasing and it is becoming increasingly difficult to attract people.

Investo20

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In one way bitcoin is made by an anonymous person or team, and this is the best advantage of it. It can't be rekt or destroyed or hacked. So you can invest in bitcoin freely irrespective of these fear.
When it comes to altcoins it's just one type of illusion. They got the concept of blockchain and using it to make money. The projects pointing out the cons of bitcoin and blockchain like high fees, energy consumption in mining, transaction time etc to attract people by solving these by their project.
You can invest by seeing that if the project got legit investment form established authenticated companies because when they invest in there have some legal deals. Though it's also not safe 100%.

CryptoGuy42

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Quote from: JaoBadjap on July 15, 2021, 07:08:32 PM

Well other altcoin, offers much cheaper Gas Fee and Faster Transactions.
In a world where competition exists. Even a big name for its self, like bitcoin. Will always be challenged with another with more advance services and better offers.
Market will be messy but exchanges are keeping there hands full to make it organize.

Depends what the alt coins is built on or if it is its own blockchain.
NANO has 0 tx fees (an exchange might have a withdraw fee).
ALGO, XLM, XRP and VET all have low transaction fees.
Even a token on the BSC has low fees (usually). $BYG is a token I am looking at. It has some series gains lately and actual utility in the Black Eye Galaxy NFT game coming out soon.

Quantum907

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

The most influential factor is how easy it is to create a coin/token project, moreover the means for promotion are now easier because of social media, and this is our biggest problem, namely the presence of a regulatory board like a central bank.

coin-investor

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Quote from: Caldear on July 09, 2021, 04:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

It's rampant because there are buyers and supporters and it's profitable for holders, honestly, with Bitcoin alone, I don't think it can promote Cryptocurrency adoption, the technology must move and developers are always offering new technology and algorithms in the Cryptocurrency industry so people from all industry can adopt Cryptocurrency and integrate it on their system.

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