Topic: Why are altcoins important? (Read 3296 times)

I would not be surprised if in the mainstream world exchanges (marketplaces) that have an actual interest in the goods they trade are deprecated, indeed even regulated to be so possibly; but it has always seemed to me in this field that one of the really big problems with exchanges is precisely their lack of interest in the projects that merely by listing they supposedly "support".

I do not actually know why other DMDers tell folk looking for someone to contact about a listing "you do not need our permission, you are free to list it or not as you choose" but for me at least listings whose only interest is fees, and therefore volume rather than sheer size and depth of the buy-side order-book if not both sides of the order-book, seem as likely to be harmful as helpful.

The DMD team does of course like to point out that every sell is a corresponding buy and vice-versa and of course that is absolutely correct, but as I have also learned over the years takers are takers whichever side they are taking from, and volume is a measure of taking.

Volume is the destruction of offers, the taking of them.

I think some usages of "liquidity" sometimes is a/the unit more important than volume, because who really cares whether it takes moments or years to get for your goods what one considers them to be worth, unless of course one's offered goods are not in the first place what you can afford to lose, which I am fairly sure almost everyone here is well aware is precisely what such goods supposedly ought to be?

So in usages where what we mean by liquidity is basically the total order-book of offers that are still in place despite volume's destruction (taking) of offers, liquidity seems to be what one wants, and if the exchanges were actually interested in the things they list it ought also to be what they want and which thinking about it I just realised maybe is a form of "total volume locked": the amount of value tied up in offers that at a given moment have not yet been taken.

I wonder how Amazon would be doing if it were always sold out of every good it trades in?

And also all on back-order so all its buy-side asset ("money") also sold out?

That would be highest possible volume but maybe not for long.

Maybe a marketplace that isn't eager to add your wares to its offerings isn't really worth driving your wagon to and setting your stall up at in the first place?


-MarkM-

I think it's a choice, sir. Some are happy to take bigger risks and some are willing to play it safe, especially altcoins. I don't think it's wrong for users, exchange owners are also wrong because they enrich the wrong developers.

They should check the tokens that will be listed on their exchanges, don't just display an attractive white paper, list it immediately, then the token owner also sells and lowers the price periodically significantly, the ones who lose are still the exchange users. Finally, the coin is delisted from the exchange but goes home with victory by bringing home tens of thousands of dollars from buyers.

I totally agree.
Big alts are here to stay and they are not a bad investment at all, they can accompany BTC in your portfolio well, in my opinion.
New alts or shitcoins - yeah, those are to avoid, though, when I see numbers on dextools on Pochita, for example, I wonder what people think when they gamble thousands of dollars

You are mistaken here, if we are talking about altcoins, we are also talking about Ethereum, SOL, BNB etc, are they bad projects? So it depends on what you are targeting as altcoins, you should only avoid shitcoins and not altcoins, this is why you need to DYOR.

Nothing should be scaring you not to hold your altcoin positions for at least 2 years if you are smart with your investment during the bullish season. Once you buy the dip and inexpensive coin/token, why the fear? Above all, let your higher timeframe charts guide you instead of random advice.

Well, if you bought SOL approximately two years ago and got a hold of it or accumulated more of it, you would be in profit
The question is how much skin you have in the game and faith in the big alts. Of course, new ones would be sharp on newbies and most of them will die down, but big alts are there to stay for investment.

Would have made much sense you had mentioned or listed those many altcoins that can provide or has been providing big profits for it's users/investors. From what I can say about altcoins is that not so many are doing great, maybe just a few have been able to live beyond a five year lifespan and still gains value for it's users but about 98% are just pump and dump shits. You can do your research and still get burnt especially with these newly developed altcoins projects that don't have what it takes to survive any sudden market downturn.

I suspect that is not necessarily correct.

Consider the case where one acts akin to a kind of market-making bot.

("Mad John" allusional  aside: Organic Peripherals, of which humans are an example, are a type of bot frequently encountered in the wild...)

Place a column of evenly (in price) spaced sell offers ascending, ideally, from the lowest possible price to way beyond "stratospheric" prices.

("Mad John" allusional  aside: Ah the times I have awoken after placing sell offers up not merely to three times as high as I imagined the price would or could go but three times that, to find myself priced out of the game by its ascent way beyond even that level... Which, by the way would seem to cast doubt upon any accusations of uncanny prognosticatory abilities having been involved... And shewing that despite twice-over (3X each time) hindsight a lesson not at the time having yet sunk in fully... To think, I could be in Monero to this day had I gotten enough of it fast enough, or merely spread my sell offers thinly enough, to have not had it skyrocket out of my sell-column's reach... Man what a bowl of cornflakes that were but where were we man oh yeah...)

Place a column of evenly (in price) spaced buy offers ascending, ideally, from the lowest price the platform offers.

If "supporting" the sell-side coin, build one's buy-side at least twice as dense as one's sell-side so that upon putting proceeds of sells back on buy side one does not accidentally build the buy side up past the halfway point of the buyers' buys (as when they buy a column of equally sized in sell side units offers the average price they just paid is halfway up that column of "their buys").

Presto, hindsight required only in guessing upfront that only piling sell offers nine times as high as highest price imagined to be feasible was found, historically - empirically - to not always have been high enough.

-MarkM-

Therefore, in my opinion, it would be better if you have money and want to invest in crypto, you should choose bitcoin, or eth and bnb if you want to buy altcoins. It is difficult to find another project that can provide security for the value of your assets as well as Bitcoin or ETH and BNB. And altcoins will still be needed because if there were no altcoins I think Bitcoin would not be in its current position.

I do agree because even with less money you can always invest in bitcoin. I think you would still profit hugely even if you buy at its current price where bitcoin is not the cheapest anymore.

Though of course many people are still hoping for that 0 to 100 kind of story. I don’t think any altcoin will be able to survive and thrive the way bitcoin was able to do. We are seeing something one of a kind in the form of bitcoin.

Investing in altcoins on average happens like that if we are selective, events like the ones you describe can happen at any time. Even though fundamental altcoins still exist, there are still those who want to speculate on buying new ones and trying their luck that they will rise several times as much. Personally, I'm clear and historically it has been proven to perform well.

It doesn't really matter whether you have more or less money. What matters most is what kind of coin you are investing in and expecting a profit from it. See, even though all coins promise you profit, you cannot profit from all coins, you have to choose some coins where the amount of risk is very low. If you want to invest from alt coins then you should prefer investment from top level coins where your risk will be very low and you can expect profit in a future.

Yes and the coins developers has been using the pumping enticement as techniques to attract investors that the more you keep holding is the more profits you a liable to make just as the potential long term holding coins are. And on no course would the promoters tell you the reality fact that they're only good for long term because they tends to scam you away at the coins dumps. Although there're still AltCoins good for long term holdings but rarely to be trusted upon.

Altcoins are not worth investing in in the long term. If you look at the list of altcoins on coingecko or coinmaketcap and you can try to compare altcoins from a few years ago to today. I'm sure there will be a shift and there are even some coins in the top 10 coinsecko or coinmaketcap that have entered 100 and are no longer worth investing in.

by investing in altcoins you need to analyze it first and that is very important because it can reveal vital imformation, and provide benefits to users once you understand how altcoin offer is stable and declining it is very important and used as a guide to collect profits from the results we get.

There is a good saying, it is difficult to find a needle in a haystack, it is true and there are many aspects that need to be researched and taken into account. I know it's not easy. If it were easy, I would probably be a billionaire by now, by betting my money on every new altcoin project but the reality is not what we expected it's like gambling

For people who don't have a lot of money, altcoins are a good choice as a short-term investment to make a profit. But not all altcoins are promising and can provide profits. Therefore, we must be wise in choosing altcoins to invest in so that we can avoid potential big risks and losing our money.

It's easy enough to say when talking about buying when it's cheap and selling when it's expensive or buying when the price is dipped and selling when the price is above, what a beautiful poem sentence for dreamers in broad daylight, the fact is that finding and finding projects that can provide huge profits is very difficult, we need time and need a lot of reset results and compare them to make a judgment that an altcoins project has the potential to have extraordinary adoption in the market.

profits in altcoins are indeed very large and can even be thousands of times when indeed a project experiences adoption and hype in the market but we will be very difficult to find fragrant in a haystack, altcoins are very important for the growth of this portfolio and industry, but with far greater risks.

They think that investing in altcoins can provide big profits. This can happen if we choose the right coin. The strategy of buying when it goes down and selling when it goes up is a common thing that many people have done to make a profit with a very large number of altcoins making it difficult for us. to choose which coin will provide big profits when the bull comes later

Even though not all altcoins can give you profits, in general altcoins are the ones that can make a difference in your life, where you can make big profits both in the long term and in the short term, even altcoins can color in the world of crypto, where there are so many altcoins that have created various kinds of networks that can make it easier for us to transact.

I think there are so many altcoins that can provide big profits, that's why altcoins are so important and so valuable for crypto users, but you need to know that not all altcoins can provide the best, therefore we have to do research and research before choosing and starting to invest with altcoins,