Topic: Why are altcoins important? - page 17. (Read 3293 times)
Altcoin important if the altcoin bring something new like litecoin ( faster transactions ), dash ( anonymous ), or ethereum ( smart contract ). If it does not add any new feature or if the feature can be easily added to bitcoin network it means the altcoin is useless.
Altcoins or alternative cryptocurrencies have become important for various reasons.
First they expanded their cryptocurrency holdings outside of Bitcoin to create opportunities for investors and users.
Second alt coins contribute to the overall innovation and advancement of the blockchain and cryptocurrency space.
Altcoins can promote decentralization by offering an alternative to authoritative cryptocurrencies. Altcoins increase overall liquidity and trading volume in the cryptocurrency market.
And another important point is that there are projects on the development of which the community can influence the same bitcoin, a group of people cannot influence it. Any altcoin is a kind of startup with various functions, which attracts various investors. Of course, in recent years there have been a lot of dubious projects, but the crisis in the market quickly cleans them up.First they expanded their cryptocurrency holdings outside of Bitcoin to create opportunities for investors and users.
Second alt coins contribute to the overall innovation and advancement of the blockchain and cryptocurrency space.
Altcoins can promote decentralization by offering an alternative to authoritative cryptocurrencies. Altcoins increase overall liquidity and trading volume in the cryptocurrency market.
The only importace of Altcoin that I’m seeing right now is the use of Blockchain in different industry for a bettr mass adoption since Bitcoin blockchain has a very limited scope and can't handle huge volume of transaction.
Altcoins help Bitcoin on it's scalability issue by sharing the volume of transaction spread on different Blockchain which will flood the Bitcoin network if it's all sent on Bitcoin Blockchain. Although altcoin split the market of Bitcoin, It still helps it to spread crypto in general to increase the user of crypto.
Altcoins or alternative cryptocurrencies have become important for various reasons.
First they expanded their cryptocurrency holdings outside of Bitcoin to create opportunities for investors and users.
Second alt coins contribute to the overall innovation and advancement of the blockchain and cryptocurrency space.
Altcoins can promote decentralization by offering an alternative to authoritative cryptocurrencies. Altcoins increase overall liquidity and trading volume in the cryptocurrency market.
And another important point is that there are projects on the development of which the community can influence the same bitcoin, a group of people cannot influence it. Any altcoin is a kind of startup with various functions, which attracts various investors. Of course, in recent years there have been a lot of dubious projects, but the crisis in the market quickly cleans them up. First they expanded their cryptocurrency holdings outside of Bitcoin to create opportunities for investors and users.
Second alt coins contribute to the overall innovation and advancement of the blockchain and cryptocurrency space.
Altcoins can promote decentralization by offering an alternative to authoritative cryptocurrencies. Altcoins increase overall liquidity and trading volume in the cryptocurrency market.
Basically altcoins market as like important everyone maybe because trade, buy, sell. Do you know crypto market growth now for the altcoins market. There has lot of proof history where many people are now billioner from investing in altcoins. If i want earn money from crypto then definitely i would invest in altcoins but looking some opportunity.
It was not really important but have to think that the crypto space is boring when we are just talking and focusing on Bitcoin alone. Because of the existence of altcoins, the more it attracts investors and hype the market, and we have the option to take. In fact, not all altcoins are worthless so people are buying them because it was also considered as a good investment aside from Bitcoin. That is why I'd stop thinking that altcoins are nothing because they also contribute something to the crypto space and even make traders and investors become profitable.
I never considered "boring" as a reason for it to exist but you could be very correct. I mean my main reason was different, but altcoins does make crypto world more entertaining and that is why I believe that it would be quite entertaining to think about that.The best thing to do in this case would be making sure that we are at a stage where it is going to be quite great to have some fun with them at least . I am not saying that we could end up with a good result right away, but at least we could give it a try for it as well. I hope that the best thing to do in this case would be making a profit the way we should, and that would be looking into alts and maybe we will lose it but it is like gambling so we are having more fun that way.
At CMC you can see a lot of altcoins and that is proof that every time there are new altcoins that come up with new concepts and innovations. So why are altcoins important? because altcoins are proof that crypto has grown and gotten more popular over time. there are many altcoins with high utility and you can use them as an investment vehicle besides bitcoin.
Altcoins or alternative cryptocurrencies have become important for various reasons.
First they expanded their cryptocurrency holdings outside of Bitcoin to create opportunities for investors and users.
Second alt coins contribute to the overall innovation and advancement of the blockchain and cryptocurrency space.
Altcoins can promote decentralization by offering an alternative to authoritative cryptocurrencies. Altcoins increase overall liquidity and trading volume in the cryptocurrency market.
First they expanded their cryptocurrency holdings outside of Bitcoin to create opportunities for investors and users.
Second alt coins contribute to the overall innovation and advancement of the blockchain and cryptocurrency space.
Altcoins can promote decentralization by offering an alternative to authoritative cryptocurrencies. Altcoins increase overall liquidity and trading volume in the cryptocurrency market.
Scam, death both have in altcoins market so why you want investing altcoins?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
It is undeniable that there are so many altcoins projects that are scams, rugpull, death projects, shitcoins and so on that make the crypto world sometimes look down on. But basically, there are also several functions of altcoins, it's just that what needs to be underlined is which altcoins and what they are like. because it is undeniable that we often encounter shit coins that are really hype, making someone suddenly rich or even suddenly poor. And when it comes to choice and how we handle it, we have to be more vigilant and smart in choosing important and suitable altcoins. My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
Scam, death both have in altcoins market so why you want investing altcoins?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
I mean, aren't you curious enough to know about why some investors are more inclined to invest in altcoins instead of bitcoin? Sure, bitcoin should be prioritized as an investment compared to the other coins that are existing the market because it carries more potential and it is already a reputable coin that is trusted by the public for more than a decade now.
But when we say altcoins, it is an alternative for bitcoin especially for the ones that are just looking for a short-term holding and doesn't have that much funds to invest but it can provide more profits than bitcoin but it carries more risks compared to the bitcoin.
Scam, death both have in altcoins market so why you want investing altcoins?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
For these kinds of reasons I actually don't like them and avoid investing in new alternatives. And that's why I prefer bitcoin in my personal opinion to make my investment more safe and secure and to gain better profit. But not all altcoins are scammers or frauds. Atlcoin's top pairs are also not bad for investment. If Bitcoin is profitable for long term investment then these alternative coins work well to gain a good profit in short term. My opinion is that if you have to choose an alternative coin for investment then I would say choose from the top coins like Ethereum, BNB, Litecoin, Polygon etc and tooks these for only short-term. My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
I think for making profits in crypto market we need important altcoins. Because a investors can make profits from altcoins even lot of trader also. There are many top altcoins in crypto market and lot of investors always buy there so altcoins more important for crypto users.
Scam, death both have in altcoins market so why you want investing altcoins?
For me, on the money or greed part, ROI. Because most altcoins are a high chance to get easy money, but they are extremely risky. High risk, high reward.But if you take a look, altcoins are helping Bitcoin on some of cases like Bitcoin don't have any smart contract and Ethereum & other projects have it and Bitcoin is just making his job which is for payment use.
Altcoins have numerous loopholes for manipulating investors to fall victims of misfortunes. Only a few of altcoins prove to be reliable, yet not trusted by multiple traders. However, altcoins generate a good amount of money for the cryptocurrency market, that rarely benefits the market, meaning that it drives potential clients away from the market. Scam projects take these money away, that could have been invested on Bitcoin, ethereum or other strong projects to help the market grow. Investors who don't research carefully about any altcoin shilled to them, are victims of altcoin scam projects. Hence, altcoins can be considered important as it yields some funds to cryptocurrency market.
Altcoins have definitely fail to live up to their reason to be, instead of offering an alternative to bitcoin for the public at large, the only thing that altcoins offer is the ability to try to multiply your money, with terrible odds of this happening of course, so when we think about it only a handful of altcoins offer anything other than that while the rest are completely useless and only scare people away from this market as they give it a bad reputation.
Scam, death both have in altcoins market so why you want investing altcoins?
For me, on the money or greed part, ROI. Because most altcoins are a high chance to get easy money, but they are extremely risky. High risk, high reward.But if you take a look, altcoins are helping Bitcoin on some of cases like Bitcoin don't have any smart contract and Ethereum & other projects have it and Bitcoin is just making his job which is for payment use.
Scam, death both have in altcoins market so why you want investing altcoins?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
People majorly invest in altcoins to make quick profits in shorter period of time. They invest in order to get high profits from small investments. But they forget that with higher profits and returns, high risks and chances of getting scam also comes. I don’t consider altcoins as important but yes it might be important for some other person. Hence at the end of the day it’s completely a person’s choice whether to invest in alts or not.
It was not really important but have to think that the crypto space is boring when we are just talking and focusing on Bitcoin alone. Because of the existence of altcoins, the more it attracts investors and hype the market, and we have the option to take. In fact, not all altcoins are worthless so people are buying them because it was also considered as a good investment aside from Bitcoin. That is why I'd stop thinking that altcoins are nothing because they also contribute something to the crypto space and even make traders and investors become profitable.
Scam, death both have in altcoins market so why you want investing altcoins?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
If we see the complete picture and not only the investments and risks, altcoins have played a great role in the global adoption level of cryptocurrencies and Bitcoin in particular, a lot of projects have spread so widely and introduced cryptocurrencies and Bitcoin to masses which greatly increased the adoption level, we all know that when someone comes to know about cryptocurrencies, it's not possible for them to not know about Bitcoin since it's the king.My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
So even if investments in altcoins can have great risks, they are always an important aspect of the cryptocurrency industry because Bitcoin would never be able to gain this much success if it was alone and there were no altcoins at all, it would reach this place someday but altcoins helped boost the adoption.
Scam, death both have in altcoins market so why you want investing altcoins?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
Being in an altcoin with so many problems as you said doesn't mean they are important. But some people prefer to chase every momentum that happens in the hype of some shitcoin.My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
In addition, the returns from them can also indeed be very large if you can take advantage of the momentum so that with this many want to be in altcoins with such hopes.
But for some who really want to play it safe, of course, they will not touch this, and I might fall into this category because I still feel the level of risk is much greater and I don't want to try something like this too much now even though I was there before.
Altcoins perform good in short time even shitcoin too raise up temporary by hype! But few altcoins are valid for long time frame. Btc always safe, no dead or scam tension, when altcoins have such problem. Even though people buy altcoins cause altcoins give more income, altcoins have ability to multiple your capital overnight, thats why People take risk and buy memecoin as well as shitcoins. Some are gainer and many of them are looser, at the end of day.
I think in the beginning we need to have alternative right? hence the term altcoin, other coins besides the one and only BTC. But as time goes by, speculators became a thing here in the altcoin market. Devs created a lot of hype and meme coins and shit coins to obviously with one goal in mind, - to attract a lot of people in the market itself.
And I say some of them are very successful about that, like in recent months, $Pepe coin in rising, and then we have the whole BRC-20 token. So yeah, just be careful out there, there are a lot of good coins but majority are very bad investments in the long run.
Altcoins perform good in short time even shitcoin too raise up temporary by hype! But few altcoins are valid for long time frame. Btc always safe, no dead or scam tension, when altcoins have such problem. Even though people buy altcoins cause altcoins give more income, altcoins have ability to multiple your capital overnight, thats why People take risk and buy memecoin as well as shitcoins. Some are gainer and many of them are looser, at the end of day.
thats true, it's always coming back with the fact that people are always likes to speculate.the very reason altcoins are really a thing because it has more prospect to hit all time high and hit its peak pricing unlike bitcoin that has been increasing so much since its initial release.
basically its just seeking the same potential to when bitcoin was first introduced.
some people think the risk involved of losing their investment is worth a try, so I guess thats why the market capitalisation of altcoins in general are quite massive.
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