Why are altcoins important? - page 19.

Silberman

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Quote from: Jocuserious on July 04, 2023, 04:08:03 AM

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?

In theory altcoins should have many different functions, for example bitcoin has become such an important and influential project that it cannot longer test new features as it did on the past, so altcoins were supposed to be the perfect environment in which ideas could be tested against the real world and we could see if they worked or not, but when the majority of altcoins are copies of other coins and the majority of them are created by scammers, then as expected the enthusiasm over altcoins has been decreasing among the senior members of the community.

@sriyan

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Quote from: Jocuserious on July 04, 2023, 04:08:03 AM

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?

When it comes to the altcoins, I will divide that into coins and tokens. The tokens will die fast. But you can get good profits from the coins. My favorite altcoins are OP, ARB, and ETH. If you want good profits from the crypto market, you should get the profits and exit the market at the correct time.

omgitsmehehe

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We have the Altcoins seasons, where these coins hits their All time high price, we just need to have good entries in the market. Altcoins are important because of the massive pump and dips it triggered, only the smart traders and investors are opportune to generate profits from these altcoins. I've lost counts on the times Altcoins saved me and my portfolio during the period bitcoin and Ethereum crashes significantly, I thought all hope were lost, I just forget that I bagged GMT which pump massively and tend to raise up my portfolio from liquidation.

el kaka22

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How would we have improvements then? Crypto world is filled with alts that are not needed I agree with that, but there has been some alts that improved the blockchain world. All those ICO's and IEO's back in the day started a rush, and now the most recent one was DeFi and NFT for example, or metaverse, or play to earn, those were all improvements on what we already had.

This is why it is quite near impossible to have a bitcoin without having alts as well. Those things improve the blockchain world and what can be done with it and you need to accept that we need some of them otherwise it's just not going to work. I know that people are not excited about it as much as they could be, but we need to accept the terrible ones along with the good ones in order to continue.

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Quote from: 2girls on July 05, 2023, 11:59:07 AM

Quote from: Jocuserious on July 04, 2023, 04:08:03 AM

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?

Totally agree with you that both scam and coin extinction in altcoin in crypto currency market cannot be denied. People want to invest in altcoins because the rate of return is very good. Altcoins don't require much waiting, you can get a good profit in a short period of time.Altcoins are a great option for small investors because the prices of altcoins are much lower than Bitcoin.

Apart from all these there are good and strong projects in Altcoins which gave huge profits to people in the last bull season. At present there are still good and excellent projects in crypt currency that have the potential to give a good profit in the future.

Small investors are usually called hamsters. Such people read the news on Twitter, where they listen to the advice of various "experts" and buy bad projects, which results in losing their deposits. If you are new to this market and want to invest in altcoins, you need to pay attention not to ads but to old projects that have been successful for a long time.

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Quote from: Jocuserious on July 04, 2023, 04:08:03 AM

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?

Totally agree with you that both scam and coin extinction in altcoin in crypto currency market cannot be denied. People want to invest in altcoins because the rate of return is very good. Altcoins don't require much waiting, you can get a good profit in a short period of time.Altcoins are a great option for small investors because the prices of altcoins are much lower than Bitcoin.

Apart from all these there are good and strong projects in Altcoins which gave huge profits to people in the last bull season. At present there are still good and excellent projects in crypt currency that have the potential to give a good profit in the future.

asriloni

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Quote from: nicolas222 on July 05, 2023, 05:41:18 AM

It is true that some altcoins are scams but it cannot be generalized, for most altcoins it is true it is better to adopt a short strategy to make fast money but there are also solid, serious projects with excellent growth over time that are worth investing in

People with common sense will able to make differentiate between the scam token and non scam token. The fact that if so many altcoins are exists in the market but many of them being made for money grabber only.
I can't deny that if developers are using altcoins as a way to get money as fast as possible. This is also making the token can also be used as a way to get money through listing it and then dump it.
So many trusted tokens can also dead anytime. People shall have learned a lot from luna and various legit tokens that destroyed in a short time.
There are so many aspects that must be used to determine that.

danherbias07

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I have the same strategy, buy and run fast after profits. But the purpose is different, it's not for revenge because I am an investor too after buying it, but that is just the way it is when it comes to altcoins.
They have a higher risk than most popular coins in the market so you just have to be wise and just be satisfied even if the profits ain't that high. Last a couple of years if I remember the date right, I bought Shiba Inu and doubled my money in the process in just a small amount of time. Afterward, the price increased more due to the hype, it tripled and more but I never went back just to ride it again because that will be a risky move. I got over it and looked for a new investment that would luckily have the same ending.
There will be mistakes in timing the right selling point but as long as there's profit be happy with it. Move on, create something new.

nicolas222

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It is true that some altcoins are scams but it cannot be generalized, for most altcoins it is true it is better to adopt a short strategy to make fast money but there are also solid, serious projects with excellent growth over time that are worth investing in

QueenVera

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Quote from: Jocuserious on July 04, 2023, 04:08:03 AM

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?

Altcoins are very important in the market because they give us an alternative to investing in the cryptocurency market than just investing in bitcoin. Some days Bitcoin loses its high volatility as there's no movement in the price that gives investor good profits but altcoins can give good profits in those months and that's why they're important.
Altcoins also bring many things to the industry like how Ethereum brought smart contract that has been used in building many decentralized applications and other altcoins has things they're working on that Bitcoin can't do. Bitcoin is only a currency but altcoins have different functions that make the industry very interesting.
Stablecoin which is also an altcoins helps us in keeping the profits we have made from the market very secured. Without stablecoin it would had been hard to keep profits we made. Many exchange could have found it difficult to get approval to use fiat currency but with stablecoin that are on the blockchain, it makes it easier for them.

yazher

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Let's be honest here, some altcoins are really helpful for the current crypto market to pump but this is not the case for some others that are used to scam people especially those pump-and-dump coins that are only created to be like that and their owners leave it once they already get some enough money from their victims. But the worse side effect has been causing the right altcoins to slowly get some potential investors right now because of their pasts experiences with altcoins.

Apocollapse

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It's important because each coin has their own purpose and utility, although 99% of the altcoins are purely garbage coins.

The real altcoins that has a purpose and utility are Monero as a privacy coin and DAI as a decentralized stablecoin, the rest are just copycat, centralized and have nothing to contribute except make the developer rich.

Someone can make some good profit through altcoins, but it pretty much like gambling.

$crypto$

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Quote from: Jocuserious on July 04, 2023, 04:08:03 AM

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?

What we know is that not all altcoins are bad from any coin can still generate profits if you are right in analyzing the coin you choose, so many of them invest in altcoins because of the greater profit, of course there is a high risk in it so there are still many who dare to do this.

At its core do not be greedy when the target to sell has been reached then immediately act for the profit, even sometimes there are still many who ignore the profit that has been set they want a higher increase and this is usually more trapped when the price drops and they do not dare to sell, but when the decline is 50% they make sales because of panic and it is a mistake where trading is not with the right calculation.

landheer

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In my opinion, altcoins are indeed important for those who want to get rich quickly, but investing in altcoins will also be the best solution if you want to become poor quickly.

and usually people will invest in altcoins because they want to get rich quick and want to get lots of profits.
but as long as we can analyze and predict well, of course, there's nothing wrong with investing in altcoins. in fact, if we are good at analyzing altcoins and buying them, of course we will have the potential to become very rich

and with altcoins, of course, it will make bitcoin even more popular because the safest investment is still in bitcoin. so in the end, people will choose bitcoin as their investment vehicle.

nesty

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Quote from: Jocuserious on July 04, 2023, 04:08:03 AM

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?

That is really the strategy for altcoins nowadays buy dip and then sell if the price increases to be able to generate profit. A lot of investors do take advantage of the dip and dump it once it hit their target price. If the scenario of most investors the altcoin project will tend to end as scam. But of course there are also altcoin projects that has a good potential in the market with a clear timeline and very good support. It is better to do a research first before investing to any altcoin so that you will not regret your investment.

khiholangkang

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Quote from: martinex on July 04, 2023, 04:18:12 AM

I don't really like altcoins, especially new coins, meme classes, or hype coins. However, many argue for Altcoins, especially the newer projects, that they can experience rapid price growth, providing the potential opportunity for significant investment ROI and I'm also surprised it has always been able to attract so much interest from both investors and developers.

Like and dislike is indeed subjective, according to each side of the view, a good choice for you to choose not, because there will be no risks that overshadow you.
I cannot deny because it is a fact, those who enter earlier will definitely benefit from the new Altcoin, especially if that project have been waiting in many large markets to trade, you will get a very high ROI, but yes usually the name Altcoin We know that a big risk always overshadowing, so the potential for profit is after the potential of the riot, we must be aware of such a situation.
Naturally, if there are many people who are interested, because price fluctuations are very tempting.

If we have benefited from Altcoin, don't be too greedy and hope to get another increase, it usually becomes chaotic, it's better to sell fast when you have benefited, especially on projects that rely on hype media, not on the potential of utility and the future of the ecosystem network.

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Quote from: paid2 on July 04, 2023, 08:31:05 AM

I'm not an altcoin holder, and I don't like them much personally.

However, I do recognize their quality in attracting new investors to the market, and for some of them, in trying to solve real-life problems.

But the question is, have altcoins done more good than harm to the crypto ecosystem? For every thousand investors and new crypto enthusiasts that altcoins have brought in, how many have they disgusted with scams, rug pulls and other shenanigans?

They're important, because they represent a huge financial volume. But for me, their greatest quality is to demonstrate day after day how solid, useful and self-sufficient Bitcoin is.

I can't even count the number of messages I've read on the internet saying: "I got into cryptos for a get-rich-quick scheme with some altcoins, after failures and disappointments I'm now all-in BTC". Many don't understand how altcoins work. Those who make money, make altcoins useful because they earn profit with them, those who lose money, make them useful because sometimes it directs them to BTC.

It's nuanced, as always, ETH is not a stupid memecoin, and don't offer the same possibilities. So I think some alts can be important, while others are just losses for everyone (except for their dubious developers who get rich on the backs of investors, examples are numerous on the BSC chain).

Altcoins have brought variety and confused the crypto environment. They've attracted investors, but at what cost? Scams and broken dreams might occasionally overshadow the initial interest and financial influx. Bitcoin, in its quiet strength, has weathered criticism and upheavals. It's the digital gold standard, whereas cryptocurrencies are volatile, risky derivatives. Still, grouping altcoins is unfair. ETH and others are helping blockchain development. In altcoins, the visionary-voracious line is thin. Educated investors should follow the Bitcoin beacon through this muddy terrain.

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Quote from: NNRR on July 04, 2023, 11:29:45 AM

Before investing any money in alt coin you should think twice and invest because you can face more loss than the profit that alt coin can give you so in my opinion if you invest in any alt coin you should take profit as soon as possible. Get out of the coin and wait again when the price goes down and buy again. If you follow this method you can make a lot of profit from Alt.

There are many ways or strategies that can be done on the Altcoins that you have, this only depends on how well you study the graphs that appear on the coins that you have. if you study maybe you can deal with it and make more big profits later. but I still have a lot to learn in this world to continue to grow in the future to be better.

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Quote from: Jocuserious

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?

Altcoins are good in long term, and it will help you to have hope of achieving something special when the price of that particular coins increase higher to your satisfaction before you can sell to make a good profits. Buy altcoins when the price is low and hold until the price increase higher before you can visit the market which will help you to enjoy the benefits of altcoins than to buy low and sell fast in the market which is not advisable to investors. Most of the important skills every investors need to have is patient, because once you can apply patient in your holding, it will be difficult for your to miss your reward in future.

Bazzu

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investing in altcoins is of course something fun for those who are always lucky and always get big profits, and in my opinion investing in altcoins is something high risk but most people always focus on profits without thinking about losses which are of course at risk of big losses.

but in my opinion investing in altcoins even though it is high risk of course we can do it as long as we have to read the news and buy it when altcoin prices are still cheap. but of course you have to be prepared for the risk.

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