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Topic: Why are altcoins important? - page 4. (Read 2828 times)

sr. member
Activity: 854
Merit: 262
Eloncoin.org - Mars, here we come!
January 31, 2024, 06:29:48 PM
Alt coins are the alternative coins of Bitcoin. Bitcoin is the first cryptocurrency of the world. All the other alt coins are developed after bitcoin, that why we are calling it as a altcoins. Altcoin gives more profit then Bitcoin. Because, it is easy to manipulate the price of altcoin, due to low market capitalization.
Altcoin is very important and if they do not exist then we might not know anything about Bitcoin. The emergence of altcoins was in competition with Bitcoin. Some tried but still couldn't meet up. We need to know all these things so that we are not going to attach something that complex to what altcion actually means. There are some people that are still not interested altcoins because they had been brainwashed that they are going to lose money. Those who take risk are the ones that are successful now.
sr. member
Activity: 1386
Merit: 326
Eloncoin.org - Mars, here we come!
January 31, 2024, 10:07:54 AM
I really agree, considering the number of altcoins available on the market, do at least simple research before investing there. If you can't do in-depth research with the altcoin you choose, just choose the top 10 coins on CMC. and surely in the long term you will benefit from this investment. If you are still unsure of the top 10 coins, just choose Ethereum for long-term investment.

Searching about coin is very necessary and one should not follow the advice of others because everyone have different opinions so carefully search if you fail to select good coin then at least choose those coins which are showing profitable outcomes from the past.

Coin like Ethereum, BNB and Solana if you choose then they can give you good profit in long term. Ethereum is the second successful coin after bitcoin so one should not hesitate to buy Ethereum if it is in affordable price. New altcoins cannot be choose easily because they are not guaranteed and they don't show an exact price which are shown through prediction and goes down as quickly as they goes up.
jr. member
Activity: 190
Merit: 1
January 31, 2024, 10:05:49 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
I agree with you.
usually people who are really familiar with bitcoin and alcoins are always careful to pay attention to alcoins so that they don't lose money.
or they don't invest heavily
small capital but fast profit and promising because it is not a long-term investment.
newbie
Activity: 148
Merit: 0
January 31, 2024, 09:27:36 AM
Everyone has their own opinion about it, but as for me if you do your research and well study the ecosystem of the project, you can earn good money investing in projects such as the same Fairspin, a long proven and stable platform. Plus they also have a TFS token with a large APY that can be staking
full member
Activity: 644
Merit: 155
Eloncoin.org - Mars, here we come!
January 30, 2024, 10:50:18 PM
As far as I know altcoins are called hidden gyms. Because altcoins have seasons. Where each coin hits its maximum value. Moreover, each altcoin tries to survive in the market through a specific feature . Investing in altcoins should be done with a lot of research and market analysis . If you invest in altcoins in a smart way, you can earn good money.
Yes,Many investors see altcoins as hidden gems. There are many alt coins that are less known to us but they can give huge profits in the future. Naturally Many alt coins are born and many die in the market. Maximum altcoins are not established in the market except few. I think investing in established altcoins can give double or triple profit in future. If you expect a huge bumper, you need to do a lot of analysis on the coins you want to invest in, but I think choosing such coins is a rare task and you can end up losing your money. Of course you can invest in your top altcoins, hold on and take home your dividends in the future.

I really agree, considering the number of altcoins available on the market, do at least simple research before investing there. If you can't do in-depth research with the altcoin you choose, just choose the top 10 coins on CMC. and surely in the long term you will benefit from this investment. If you are still unsure of the top 10 coins, just choose Ethereum for long-term investment.
member
Activity: 210
Merit: 39
January 30, 2024, 09:12:24 PM
As far as I know altcoins are called hidden gyms. Because altcoins have seasons. Where each coin hits its maximum value. Moreover, each altcoin tries to survive in the market through a specific feature . Investing in altcoins should be done with a lot of research and market analysis . If you invest in altcoins in a smart way, you can earn good money.
Yes,Many investors see altcoins as hidden gems. There are many alt coins that are less known to us but they can give huge profits in the future. Naturally Many alt coins are born and many die in the market. Maximum altcoins are not established in the market except few. I think investing in established altcoins can give double or triple profit in future. If you expect a huge bumper, you need to do a lot of analysis on the coins you want to invest in, but I think choosing such coins is a rare task and you can end up losing your money. Of course you can invest in your top altcoins, hold on and take home your dividends in the future.
hero member
Activity: 2282
Merit: 532
Sugars.zone | DatingFi - Earn for Posting
January 30, 2024, 06:45:24 PM
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 you want to make a profit in altcoin investment you have to make sure that you purchase when the price is low and hold for long time so that whenever the market Rises you make a profit that is why many people who invest in altcoin always exercise a patient knowing that with a short time the coin mighty rise in order to give a profit for long-term investment
As said, when our focus is on altcoins, we should be prepared to invest when the price is down and watch the market carefully to experience the best outcome out of the investment. With altcoins, we were able to experience fluctuation, but that was not to the extent of a clear bullish move. There used to be a separate altcoin season, during which we could watch the bounce of the majority of the altcoins. We need to be prepared for the altcoin season to cultivate the profit and re-invest once again when the price drops to the bottom, which is a cyclical process.
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
January 30, 2024, 04:32:16 PM
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 you want to make a profit in altcoin investment you have to make sure that you purchase when the price is low and hold for long time so that whenever the market Rises you make a profit that is why many people who invest in altcoin always exercise a patient knowing that with a short time the coin mighty rise in order to give a profit for long-term investment
full member
Activity: 326
Merit: 135
January 30, 2024, 12:55:47 PM
As far as I know altcoins are called hidden gyms. Because altcoins have seasons. Where each coin hits its maximum value. Moreover, each altcoin tries to survive in the market through a specific feature . Investing in altcoins should be done with a lot of research and market analysis . If you invest in altcoins in a smart way, you can earn good money.
hero member
Activity: 700
Merit: 577
Eloncoin.org - Mars, here we come!
January 30, 2024, 12:08:16 PM
There is no doubt that the most appropriate long-term investment for altcoins is ethereum. me too. Even though it has several other altcoins, ethereum is still a priority compared to it. I usually sell other altcoins during bullruns so they are not long-term investments.
I also thought of that because Ethereum has been in the system for a long time now and it is the second to bitcoin in term of Price and value. So if anyone is investing in Ethereum at least the person will have that confidence that he would not lose instead he will make profit from the investment. And not all the altcoins are good to invest in even though they are top 10 in the list.

One thing we have to know is that time of the bear and the bull market of the coin is paramount. And not all coins are good for long term, some are good for short term but if it is for long term and you wnt to make a huge profit from altcoins then Ethereum is the best to recommend.
sr. member
Activity: 504
Merit: 250
Seabet.io | Crypto-Casino
January 30, 2024, 12:04:38 PM
We work and invest in crypto because of profit so simply speaking crypto is more important to us to make money. Also most investments will be profitable for you if you can buy good currencies before the bull market comes. So you don't need crypto market without altcoins so invest and profit. Here are short time and long time investment tips so choose the best according to your preference list.
member
Activity: 812
Merit: 53
January 30, 2024, 11:22:53 AM
Alt coins are the alternative coins of Bitcoin. Bitcoin is the first cryptocurrency of the world. All the other alt coins are developed after bitcoin, that why we are calling it as a altcoins. Altcoin gives more profit then Bitcoin. Because, it is easy to manipulate the price of altcoin, due to low market capitalization.
jr. member
Activity: 105
Merit: 5
January 30, 2024, 10:46:43 AM
Altcoins are so important, they are the only things keeping that keeps the crypto space market going. Imagine if it was to be only Bitcoin? How many people would be able to afford owning a single unit of Bitcoin. Altcoins came into play and the market was open for new projects and thousands of Altcoins was introduced. Lot of people have made more money from Altcoins than Bitcoin, it has given Bitcoin the run of its life. The best thing that happened to the crypto market space is the introduction of Altcoins every single day.
The real thing in bitcoin from 100% of people 70/80% of people already know bitcoin and they have tried and felt the benefits.
without forgetting that bitcoin is still much loved by people even though alcoin comes with its advantages, some people still survive in bitcoin.
sr. member
Activity: 672
Merit: 265
Blackjack.fun
January 30, 2024, 10:35:46 AM
There is no doubt that the most appropriate long-term investment for altcoins is ethereum. me too. Even though it has several other altcoins, ethereum is still a priority compared to it. I usually sell other altcoins during bullruns so they are not long-term investments.
Most of us probably do the same thing as you. That is, altcoins that have been collected since the bear market will be sold in the bull run market. But personally, I will even sell ETH on the Bullrun market later. although it is only ETH that is the most trustworthy among all altcoins in the long term. But still I can only hold it for the medium term. Because my long-term investment in crypto is only bitcoin. Meanwhile, I think altcoins are only suitable for the short and medium term. But if you are strong enough to hold ETH in the long term then maybe you can get maximum profits. As long as you remain strong even though the bearish market will come again after the bull run market.
member
Activity: 154
Merit: 17
January 30, 2024, 10:20:56 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.
because usually the new coin for its development and growth is good and fast because if I think it will attract a lot of people to invest.
Therefore, most people do not doubt new coins such as meme coins and others.
full member
Activity: 504
Merit: 198
My privacy, my right.
January 30, 2024, 09:53:06 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? 
We know altcoin investment returns are high. Where the profit is high, the risk is also high, but you have to accept everything and proceed with the investment. But if I say from my side I will say I don't invest in all altcoins. Those altcoins which have good exchange and are not in top position I never think to trade with all these altcoins. But I always believe more in the Ethereum market and I definitely buy this Ethereum to hold. Also I don't consider any coin to hold long term but focus on some market trending coins to trade. But it should be the best exchange and top position like ORDI, Exchange Binance.
There is no doubt that the most appropriate long-term investment for altcoins is ethereum. me too. Even though it has several other altcoins, ethereum is still a priority compared to it. I usually sell other altcoins during bullruns so they are not long-term investments.
For long term crypto investment plans altcoins are not a favourite to opt for that's why I don't give priority to altcoins and with the saturated alt projects spread all over the industry it's very challenging and highly risky to invest even for a shortest time as we can't fathom the intentions of the founders of these projects if they are in the market to stay for long as possible or to rug pull and vanish to only heavens knows when and where. Apart from Ethereum which could be slightly considered any other altcoin is a no go to me despite it's been considered as a fast track route to profit making.
full member
Activity: 182
Merit: 120
Cashback 15%
January 30, 2024, 09:50:26 AM
I think you should be more specific with the kind of Altcoins you're referring to, not all altcoins are best when it comes to buy and hold, I can only trust some few altcoins in terms of buy and hold but if you're referring to newly projects then it's very hard to give garanteee if that coin will bring profit in long term. The strategy you mentioned is also good but still depends on the coin, an investor will sell whenever the price has reached an ATH, this is the best decision especially when dealing with altcoins to prevent risk, there's no guarantee that the coin will reach another ATH so why not sell to gain from the market. Altcoins investment needs a smart investor to play along with the market.
hero member
Activity: 616
Merit: 749
January 30, 2024, 09:27:44 AM
Don't be too surprised that despite the many risks that are in altcoins, investors still flood it, and the reason is not far fetched, it's because they want to make many times their ROI on the very shortest time, in the end It'll mean them gambling their capital to either buy legit or scam altcoins. The OP method makes sense, if you decide to go ahead and buy, go in quick and invest, have your target to sale in the peak of price pump, when it reaches your target price, don't be greedy and sale, cash out ASAP, because delay can be dangerous, the more you wait, it can start crumbling down and eventually worth nothing.

Many Investors are greedy, before investing into an altcoin they would have had a target of taking profits when they have made 50% of their investment but as the market continue rising, they'll forget the target they set when they wanted to invest into the altcoin and begins to aim for a bigger percentage. As they're holding, the market will crash and they'll lose. Many investors don't know the difference between bull and bear market, they think the market will continue rising forever.

Altcoins are important to the cryptocurrency market as they give investment variety with difference options of investing into the market. Some investors don't want to invest too much money into Bitcoin as they believe they're already late therefore they're looking for new projects that they can be among the first set of Investors so they can make big profits wehn the project becomes popular and listing to top exchanges.
sr. member
Activity: 756
Merit: 394
January 30, 2024, 08:17:17 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? 
I realized that crypto is also becoming more widely known and more widely adopted after the existence of altcoins. The presence of airdrops in altcoins also indirectly brings more people into crypto projects. So altcoins are very important in the development of crypto adoption itself. Even the unemployed can now have a job and income from crypto trading and investing. As long as they enter with sufficient insight and not just because they want to get rich quickly. Personally, I also started out probably getting to know altcoins and then getting to bitcoin. I forget but maybe it's the other way around. But what is clear is that I feel altcoins are very important. And help BTC adoption become greater. Even altcoins are now included in many things starting from Defi, Games, AI, Biotech and so on. Even asset tokenization will also be carried out in altcoins such as AVAX which seems to have a tokenization event this year with large companies which could also have a positive impact on the crypto market.
full member
Activity: 140
Merit: 63
January 30, 2024, 07:44:54 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? 
Buying the dip is not all about trading because the way you sound, is like selling your altcoin to buy bitcoin and sell to make profit when Bitcoin is on bullrun. But I hope you know that Bitcoin is all about long term investment not a kind of revenge game against altcoin failure.

So when investing in bitcoin you should be able to state clearly the reason for bitcoin investment not for some unnecessary reasons otherwise you will not meet the target of holding for long.
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