Why are altcoins important? - page 2.

AVE5

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Quote from: sunsilk on July 04, 2023, 05:13:01 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?

Most altcoins are best for short term and a few might be considered good for long term. But that's where the debate starts because everyone has their own taste of altcoins.

Many are the ones that looks at it as their ticket to lottery and likely to give them the best profits that they can think of for a very short period of time.

But little did they know, that's gonna butcher them when the altcoin they've chosen is mostly a pump and dump.

Actually most Investors who Invests in AltCoins are premium risk takers and prettily be assumed to be a convention of trying a luck if they can secure a goal of making profit in a very short time but feels unfortunate when beginners or inexperience Investors fails to understand that it's not encouraging for long term holding and can actually dump just after a sudden pump.

Kavelj22

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Quote from: Maestro75 on June 10, 2024, 11:19:23 AM

Quote from: Kavelj22 on March 22, 2024, 06:21:23 PM

Although I do not trust most of the altcoins projects on the market, I am convinced of the importance of these projects to some extent. Many may share a bad perception about altcoins because the huge number of scam projects and how much risky are those investments.
Altcoins are an important component of the cryptocurrency ecosystem as it's offering a wide range of advantages like: offering diversity of innovation which will surely can be accessible for a wider audience/the potential to generate high returns from trading or long-term hodl/enabling startup projects that are promoting decentralization which will enable growing new communities.

We do not have to trust everything. We have to do our research and investigation before investing in any. Altcoins are important. They have helped many of us enjoy cryptocurrency and that is why many more are interested in it. It can not all be bitcoin. The scam in altcoin projects you mentioned is what happens anywhere there is a crowd or rush for something. Rush will exist if something has something that makes it attractive. Altcoin is attractive and that is why there is rush.

Almost only because they represent investment opportunities for those who dream of easy profits. Other than that, can you mention to me altcoins that have benefits or importance in any of our daily uses? Personally, I find only a very small number of these currencies useful, and they hardly exceed five or six cryptocurrencies, while the market currently has more than 22 thousand cryptocurrencies at a rate that exceeds the number of classic currencies that have been issued throughout all of human history. Many projects collapse because no one cares about them and not because they are scams, for example, or suspicious in any sense. Any cryptocurrency is supposed to be integrated within a specific concept and have functional effectiveness, but most of these currencies are launched even before a model of the product with which they were designed is launched.

I prefer to advise staying away from most of these currencies and using them with caution because they do not provide any guarantees, whether on the investment or usage level.

Sayeds56

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Quote from: Maestro75 on June 10, 2024, 11:19:23 AM

We do not have to trust everything. We have to do our research and investigation before investing in any. Altcoins are important. They have helped many of us enjoy cryptocurrency and that is why many more are interested in it. It can not all be bitcoin. The scam in altcoin projects you mentioned is what happens anywhere there is a crowd or rush for something. Rush will exist if something has something that makes it attractive. Altcoin is attractive and that is why there is rush.

Certainly, we need to conduct through research and due diligence before we trust any altcoin because there are thousands of tokens listed on coinmarketcap with almost zero value. On the other hand there are well established altcoins such as Ethereum. BNB, LTC, DOT, ADA have consistently proven their legitimacy and potential. These projects have the potential to deliver exceptional performance and high yield in the anticipated bullish market.

JeffBrad12

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Majority of members above were only focusing on the financial benefit from altcoins. They forgot that if altcoins provide more usabilities to the crypto.

It's starting with

1. AI
2. Scalable (fast payment)
3. Passive income (staking)
4. P2E

Many more.

Altcoins are really helpful for people to avoid a non sense transactions fees from bitcoin blockchain. Thanks to vitalik and his team that brought smartcontract blockchain to the public as a further development from bitcoin blockchain. Altcoin is really helpful in everything.
You can easily to use it for various purposes at this moment. The further growth by altcoins have provided it more ability to give the holders more benefit instead of only using crypto as a store of value like what bitcoin did.

Many people saw altcoins as a very important part from cryptocurrency. Just like when btc transaction cost non sense fees for a small user like me. Altcoins came with a solution to send my money with 0.0001 USD tx fees.

pancakebirb

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Yes,Everyone has their own perception and in my opinion every crypto investor has some assets in altcoins. For me personally, I own some of the top altcoin assets and of course I believe that altcoins can provide good profits.

Maestro75

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Quote from: Kavelj22 on March 22, 2024, 06:21:23 PM

Although I do not trust most of the altcoins projects on the market, I am convinced of the importance of these projects to some extent. Many may share a bad perception about altcoins because the huge number of scam projects and how much risky are those investments.
Altcoins are an important component of the cryptocurrency ecosystem as it's offering a wide range of advantages like: offering diversity of innovation which will surely can be accessible for a wider audience/the potential to generate high returns from trading or long-term hodl/enabling startup projects that are promoting decentralization which will enable growing new communities.

We do not have to trust everything. We have to do our research and investigation before investing in any. Altcoins are important. They have helped many of us enjoy cryptocurrency and that is why many more are interested in it. It can not all be bitcoin. The scam in altcoin projects you mentioned is what happens anywhere there is a crowd or rush for something. Rush will exist if something has something that makes it attractive. Altcoin is attractive and that is why there is rush.

Sayeds56

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Quote from: Stalker22 on June 09, 2024, 01:59:37 PM

Market cap is more like a popularity contest than any real promise of worth. With thousands of altcoins to pick from, most are empty promises or downright frauds and even if a buncha folks toss money at something, whos to say it will pan out. Ill give you that some altcoins might make good, but big communities dont always mean true usefulness in the real world. PEPE, for example? Come on. You cant seriously think that meme coin is worth over $5 billion.

You are absolutely correct that market capitalization is not indicator of intrinsic value, utility or promise for future for any digital asset, instead it is often seen as measure of popularity or to some extent reflects the market sentiment. This sentiment in my opinion is important because markets often operate on emotions and herd mentality, with fundamentals analysis often coming later. Meme coins are good examples' in this regard. The price of meme coins like PEPE and others driven by market sentiment despite lacking any real life use case.

Stalker22

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Quote from: Sayeds56 on June 09, 2024, 01:38:59 PM

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?

Please keep in mind that around 50% of the total market capitalization of all cryptocurrencies consist of altcoins, indicating that these projects have significant communities and investors in such altcoin projects. While it is true that there are bad actors in alcoin sector but it is not fair to label all altcoins as shit or worthless coins. For instance, Ethereum is also an altcoin which holds around $64 billion on its ecosystem. This indicates its leading role in crypto landscape due to its strong real life use case.

Market cap is more like a popularity contest than any real promise of worth. With thousands of altcoins to pick from, most are empty promises or downright frauds and even if a buncha folks toss money at something, whos to say it will pan out. Ill give you that some altcoins might make good, but big communities dont always mean true usefulness in the real world. PEPE, for example? Come on. You cant seriously think that meme coin is worth over $5 billion.

Sayeds56

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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?

Please keep in mind that around 50% of the total market capitalization of all cryptocurrencies consist of altcoins, indicating that these projects have significant communities and investors in such altcoin projects. While it is true that there are bad actors in alcoin sector but it is not fair to label all altcoins as shit or worthless coins. For instance, Ethereum is also an altcoin which holds around $64 billion on its ecosystem. This indicates its leading role in crypto landscape due to its strong real life use case.

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Quote from: hamba laeh on June 09, 2024, 01:00:41 PM

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?

why don't you give reasons if you don't like altcoins?? because I think everyone must have altcoins other than bitcoin, except meme coins and hype coins. and in my opinion there is no altcoin scam because there is only people's carelessness that makes them lose in alctoins scam. because there are so many altcoin choices that you can invest in in the crypto market which have the potential to develop in the future.

You are right dude but I don't understand when you say it's people's carelessness that makes them lose in alt and generalizing it that people who makes loss in alt are all careless however, if that's what you are insinuating I don't agree with you completely because loss sometimes it's like an accident and I don't think merely look at some alt that one can be able to know which is one good and which is bad though sometimes you can but if it's that easy I think people won't have being making loss.

hamba laeh

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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?

why don't you give reasons if you don't like altcoins?? because I think everyone must have altcoins other than bitcoin, except meme coins and hype coins. and in my opinion there is no altcoin scam because there is only people's carelessness that makes them lose in alctoins scam. because there are so many altcoin choices that you can invest in in the crypto market which have the potential to develop in the future.

laijsica

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Quote from: Essential10 on May 04, 2024, 01:05:42 AM

Quote from: Kristiyana on May 03, 2024, 04:41:58 PM

In my Own opinion I think one of the importance of altcoins is that it makes Investor's to get quick profit from their investment, secondly is good for short term investment, this are the few importance I know about altcoins, I don't know about other people. I will like to get your opinions about the important of altcoins, though I'm not a lover of altcoin just want to give an instance.

Those who are not interested in long-term projects like Bitcoin are mainly investing in altcoins, and many are also investing in altcoins because of their cheap prices. You should exercise caution when investing in alt coins that promise very quick returns, as such investments often carry a high level of risk. While it is possible to make quick profits in altcoins, there is also the possibility of losses. But there are a number of altcoins like Ethereum, BNB, Solana which are suitable for long term investment like Bitcoin.

Altcoins can be a good medium for those investors whose long-term investment horizon is relatively low. Some currencies may give very good returns in short time interval in which case observation and price history must be known before investing. The big advantage of investing in altcoins is that its price is much lower than Bitcoin, that's why many small investors are interested in investing here.Despite the high risk some small investors may prefer to keep their investments in alternative currencies.

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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 a general term for every cryptocurrency excluding Bitcoin and it's not a good idea to generalize the experience in a particular coin to all of them. It's like being sent an inferior product by an instagram shop and calling the whole online business worthless and scam.
There are coins that die, are scam, don't work, can't keep up competition. That's why investors needs to be cautious and attentive when choosing a coin. They should build a diverse portfolio that includes different genres of coins. They should also occasionally reanalyze and readjust their holdings.

Nazmul012

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Right. Altcoins are important. If there's no altcoins, the there will only bitcoin where People would normally trade with it like other stock markets. Scammers weren't bring new ico, ieo, ido and 50% marketcap could deducted from whole crypto industry. I think because of altcoins, more people are coming here and crypto market is getting bigger. So altcoins plays significant contribution for crypto industry. And if we stake on right altcoins, then it is possible to take huge benefits from altcoins investment

AnonBitCoiner

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Quote from: Essential10 on May 04, 2024, 01:05:42 AM

Those who are not interested in long-term projects like Bitcoin are mainly investing in altcoins, and many are also investing in altcoins because of their cheap prices. You should exercise caution when investing in alt coins that promise very quick returns, as such investments often carry a high level of risk. While it is possible to make quick profits in altcoins, there is also the possibility of losses. But there are a number of altcoins like Ethereum, BNB, Solana which are suitable for long term investment like Bitcoin.

This is the reason why most of the people are interested in altcoins investment as they cannot wait longer and find a quick way to make profit from new altcoins. Such people are taking risks by investing in new coins but they don't invest in Bitcoin while I will always say that if someone doesn't have any experience then they should not dive directly into new altcoins investment.

Bitcoin price is very low so if someone invests now and in a few months it pumps to reach 70k$ then you can get a quick profit from Bitcoin too. You should keep in mind that your investment is for a longer time but it will be better if you sell when you have profit so your profit will be more than expected.

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Quote from: Kristiyana on May 03, 2024, 04:41:58 PM

In my Own opinion I think one of the importance of altcoins is that it makes Investor's to get quick profit from their investment, secondly is good for short term investment, this are the few importance I know about altcoins, I don't know about other people. I will like to get your opinions about the important of altcoins, though I'm not a lover of altcoin just want to give an instance.

Those who are not interested in long-term projects like Bitcoin are mainly investing in altcoins, and many are also investing in altcoins because of their cheap prices. You should exercise caution when investing in alt coins that promise very quick returns, as such investments often carry a high level of risk. While it is possible to make quick profits in altcoins, there is also the possibility of losses. But there are a number of altcoins like Ethereum, BNB, Solana which are suitable for long term investment like Bitcoin.

DiMarxist

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Quote from: Kristiyana on May 03, 2024, 04:41:58 PM

In my Own opinion I think one of the importance of altcoins is that it makes Investor's to get quick profit from their investment, secondly is good for short term investment, this are the few importance I know about altcoins, I don't know about other people. I will like to get your opinions about the important of altcoins, though I'm not a lover of altcoin just want to give an instance.

Yes your are right and it is important for those who are interested in it and using altcoins. Most people make quick money from altcoins while some invest in it because the price is low and the transaction fee is low so many buy altcoins and convert it to a y of the major coins in the cryptocurrency. Remember not not everyone likes altcoins because the risk I'm altcoins is much more than bitcoin and Ethereum or Solana.

Kristiyana

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In my Own opinion I think one of the importance of altcoins is that it makes Investor's to get quick profit from their investment, secondly is good for short term investment, this are the few importance I know about altcoins, I don't know about other people. I will like to get your opinions about the important of altcoins, though I'm not a lover of altcoin just want to give an instance.

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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.

If you don't like altcoins, does that mean you only like Bitcoin? Well, that's your choice, but there are more opportunities in top altcoins and new crypto projects. Louder earners in altcoins, actually.

I actually get the majority of my earnings from altcoins, except for the bitcoin that is paid to me in the signature campaign. Then that is also the reality that I see in most people here in the crypto community.

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Quote from: Belarge on April 11, 2024, 11:52:36 PM

Quote from: Tahid12 on April 11, 2024, 06:58:49 PM

Op you are right from your point of view. I already invested with a lots of altcoins and most of them turned into scam or dead coin right now. But yeah, many altcoins also gave me profit to. So I can't ingore the whole altcoins sector.

Always be conscious whenever you're infront of altcoins because they have the tendency of pumping high and also dumping heavily. Altcoins, not all of them are promising, we know the projects that will make terrible moves and end up being shareable.

true that's why we should invest with good and top coins cause these altcoins don't pump and dump so heavily like so called shitcoins. But as an investor, i love experiment. I already invested with good and potential altcoins to become safe when its come to profit. But apart from that, i also invest in new altcoins and memeocin with little money. Lots of altcoins scam but some altcoins pump a lot and recoverd all loss and can bring some profit too. Cause If everyone buying old, then who'll buy new altcoins?. Although i don't advise anyone to follow my step. This step is for them who have good amount of money and like to explore new altcoins.

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