Topic: Why do you still Invest in the potential heartbreakingly AltCoins? (Read 594 times)

Yes, big altcoins can also provide big profits, but not as big as new altcoins. getting 2x or 3x profits from big altcoins takes quite a long time, and maybe you have to wait for the bull run that occur every few years. but in the new altcoin you can get 10x profits or even more in a short time and don't need to wait for the bull run.

To search for profits is natural and it is something that all investors do, but where to look for those opportunities is the problem, those that have experimented the ups and downs this market can create, have decided to stick to the best coins on the market, coins like bitcoin, ethereum or solana, but there are many other investors that want to obtain massive profits in a matter of months, and since this is not possible anymore with those coins, they invest in new altcoins thinking this is the road they have to take to achieve the success they want, a mistaken decision but a very common one.

Yes and I think even though we get a pump when we are lucky, it is only temporary but if we buy the right coin, it is a good decision, but when we get caught in a shitcoin, it may be a disaster for us. Well, this is where the project fundamentals speak and are important when we want to accumulate our assets.

And in fact, most of them lack knowledge when starting to trade in the crypto market, especially when the hype is high, so it is easy for them to experience losses, especially without knowledge we will only spend our money on useless things.

Even this big altcoins are can give high profit like you said. This is why some investors invest in new altcoin as they believe they have the potential of giving huge profit within a short time.

Higher risk means high rewards. Lthough I'm not a fan of putting that much to a risky yoken, I still acknowledge those who does. It is either they have high risk appetite or they just believe on things or the project itself, and that simply subjective. If you, yourself, is not on the same mindset then you're free to avoid these tokens 'coz there are other options in the first place in particular with major tokens of the market which are considered to be less risky. My acknowledgement is because I saw some of my friends who earned 200x from a 'trashy' token. However, it won't be a waste if they earned profit from it right? Some tokens are needing years before it blows, although not all, but the chnce would be always there. Also, you won't put that much of money if you don't know what you are engaging yourself with, right?
It is possible but depends on how you view 'quick' and short period of time. If it is 2 months then yes it is possible. Saw this with some meme tokens recently but ofcourse, knowing how those altcoins move in general, increase won't be that long therefore you should know when to pull things out, and that is with urgency if you don't want to suffer from loss. Let's be straight, altcoins are more volatile but still, it means that higher profit is there but obviously, with high risks involved.

the reason is because they want big profits in a short time. if they choose to invest in big altcoins like ETH BNB and SOL it is impossible to get big profits in a short time. In essence, they don't understand the risks of the investments they make and they only see the opportunities for profit that they will get.

I believe that it would be the smartest decision as well, looks like we are going to just get better at it and we should be considering that as the most important one. I believe that people are reacting to it like it is the biggest deal, but it is not that important to find an altcoin to make the most amount of money, I think it is quite fine to just invest into bitcoin and go with that, I think that doesn't really change much of the situation.

I hope that people could change to a point where it is going to be all that complicated, it is a lot better and we should probably just focus on bitcoin as a single coin more than we invest into anything else. I am not saying don't look at alts, just not marry any one of them at all.

Some people get scammed by investing in scam coins and they think that investing in all alt coins is a scam. Investing in trusted alt coins like BnB and Ethereum is risk free. And if we are wrong  If we invest in any scam coins then we will have the risk of losing all our money. Before investing we have to think carefully before investing but we can be successful by investing. Due to our small mistakes while investing all our money will be at risk.

Many have a bad experience with alt coins.  This is because many people invest in scam alt coins instead of investing in trusted alt coins and suffer losses.  Not all alt coins are scams.  Before investing in alt coins, one should know and know well before investing.  Also Ethereum, BnB, solana are not risky to invest in and they are trusted.  Anyone who wants to invest in alt coins can invest in them.  Others cannot be guaranteed.

please tell me where there is a place without competition? Even our work or business is full of competition.
Likewise with crypto, as time goes on more and more new altcoins will emerge and competition will get tougher. We as investors are required to be careful in investing. My advice is to do research before investing and try to choose the most popular altcoins such as ETH and BNB.

People keep investing in this coins hoping that it might be a profitable asset but they keeps failing, that's why I always say that no matter how promising an altcoin looks, it can never be compared with bitcoin.
They altcoin I can advice people to invest in is those ones following Bitcoin as it keeps pumping up, example of these coin are Ethereum and BNB, these aforementioned coins has shown a high level of appreciation with the help of bitcoin, generally altcoin is just an imitator, people just create this coins to see if it will be liked and circulate as Bitcoin but to no avail. Bitcoin remains the only digital asset that brings joy to the people in a long term.

Good topic, I'm Really interested in the comment section and would love to see why people have keen interest in altcoins despite knowing the risk involved.

80% of people that invest in altcoin only do for quick profits or for the reason that they are looking for an alternative to bitcoin since they feel bitcoin is too far gone to invest in.

Whole others are here cause they want diversifying into other crypto which is such a bad idea to me cause having bitcoin is good enough and all other AltCoins are just copy, so why invest in a copy and the original when diversifying should be in other areas or types of asset like properties, stock and bond that would give you a better sence of safety.

You can invest in whatever pleases you. If you think altcoins gives you heartbreak and not reliable then invest on btc which is the most reliable digital currency on earth.
I don't know what experience you have with altcoins investment but I can tell you that the best time to hold altcoins is now, sell at peak and wait for the right time. Reason why most people often get rekt by altcoins is buying at the top and holding it into the bear market.

It is like a political party or a sport club thing at this point. Some people go into a community, get friends there, for real there are telegram and discord places for the community of a project to get together and in those places people chat everyday and make friends, and they grow in stature there too because the longer you are there and the more you chat there the more attention you will get and this will make you like the project more.

Now, imagine about a project, some coin somewhere, which has a telegram group where over hundreds of people, maybe thousands, know you and like you and respect you, suddenly it doesn't matter if that project is profitable or not right? This is why it is such a risk, and people just hang onto these projects.

Some people like to invest in new projects. but old altcoins may indeed minimize risk, we know some people prefer to invest in new altcoins for certain reasons. Of course, it is riskier but we see some of the altcoin investors making a profit. Still, it doesn't cover the risks, but everyone who invests in crypto still has to be brave enough to take risks.
I avoid advising someone in choosing their investment assets. let everyone come up with their approach to building their investments.

Dear, I would not suggest you to invest in any of the altcoin projects but in my view, you are somehow wrong here because not all the altcoins projects are scamming or shit. Although investing in altcoins is very picky part one has to conduct good research before investing in the altcoins if one does not have good information about how to conduct good research one may have to face some problems investing in altcoins I am saying this because some altcoins includes big risk over the investor funds.

Now you may wonder why I am saying you are somehow wrong because Ethereum is also an altcoin along with this Solana is also an altcoin these are strong projects with a strong ecosystem. Dear must conduct research before making a thread on this kind of discussion that may be a good thing for you. Actually some altcoin has strong community and strong ecosystem which seem to be a good project that can perform well in the long term or sometimes in short term. DYOR!

I'm sure everyone invests in altcoins because there are so many altcoins that have the opportunity to grow and develop in the future. But here we are not here to advise each other, but to share information with each other. and I think Altcoins have given many people a huge advantage. and my advice is to choose old altcoins that have proven capable of surviving and continuing to grow from year to year.

Being a bitcoin maxi won't hurt you at all but there are investors that realizes that there are quicker gains with altcoins.
You can decide what to invest and bear the losses and enjoy the profits later on. Because you are the one who's going to choose and pick your investments and you're also the one to decide when you'll sell them in profit or in cut losses.

In reality, not all altcoins are bad. If it is possible to buy some top and good potential coins then I must say that Altcoins can also be the best way to invest. Although there is no better investment medium than Bitcoin, those who want to invest in altcoins can definitely make a decision. There are many altcoins in the market not all of which are good coins. The investor must take investment decision carefully or else his investment may be lost. If you invest by doing market analysis, there is a possibility of getting good returns in the long term if not in the short term.

Why? Because there's a higher growth potential with smaller marketcaps and smaller marketcaps tend to be more volatile, so higher gains can be achieved in shorter time frame. And it's not like all altcoins are the same.

It's like asking "Why are you buying these other stocks? Why aren't you buying only microsoft stocks when it has the highest marketcap?" Maybe people see better future or short time future with other coins.

Some of the young people are only in this for meme value, buying meme coins because why not? Bitcoin was the outsider fringe money against the suits for a long time. Now when suits are buying it, it's the meme tokens that are money against the suit. Obviously suits don't want it or buy it, because they think it's dumb and that's the point. They also thought bitcoin was stupid and a scam at some point. Some still do.

And don't pretend bitcoin doesn't have any risk. Richer you got with it, higher risk you took. And early in bitcoin, risk was insanely high. Why people didn't buy microsoft or apple then? Why they risked it and bought btc?

Not all altcoins lack reputation and reliability.. just look at the top ten altcoins that have proven their success, such as eth, bnb, solana, ada and others. I believe these are what other investors are seeking,,not just profit, but the chance for an altcoin to emulate the success of the top ten. That's why they continue to invest in altcoins.

If I were to advise others about altcoin investments, I always stress the importance of DYOR (do your own research).

There is no investment that has no risk, so we shouldn't make it look like altcoins are bad investments. There are risks in investing in bitcoin, just like in altcoin. The only difference is that altcoins have a higher risk in terms of trust and potential, and they are sometimes manipulated by central authorities. Most people invest in the stock market, where there is a lot of manipulation, yet every day we see new investors trooping into the stock exchange market. Bitcoin is rising in the bull run so will altcoins rise in the bull run.

Yes I totally agree with you if you say that ethereum is considered as the most reliable altcoin to invest on, reason is because I have been seen a lot of people investing on ethereum that's to show how trusted and secured it is and is obvious that ethereum has a better future so haven't known this I think I will be investing on ethereum this time.

Altcoins isn't reputable? Reliable? Why are you generalizing all of altcoins?
Most of the altcoins might be like that, but some are trustworthy and have been there for a long time hence, they're considered safer altcoins to invest your money with compared to some altcoins. Some altcoins out there are considered "established" enough.

I think we will all agree if I say that Ethereum is considered a reliable altcoin to invest your money with because it has been the top altcoin for a long time in terms of market cap.

Investors love to gamble therefore, they want to test their luck. There are some investors out there hoping that they might earn huge money if they will invest into altcoins, especially those low market cap ones.

The large number of altcoins that have appeared indicates that crypto is increasingly popular and continues to grow, although on the negative side, competition is getting tougher and more and more projects are failing because they are unable to compete. but you don't need to think about this because all you have to do is do research to find quality projects that are worth investing in.

With the exception of ethereum and some stable coins, I do not really bother to look at altcoins anymore, the time needed just to find a coin that may seem to have some potential is so high, and the potential rewards so low, that I prefer to do something else with my time, I will acknowledge that when I was starting out I was more interested in altcoins, but over the years I have seen thousands of coins disappearing, so I have almost no excitement left in me for altcoins any longer.

I agree that taking risks is something we need to do during altcoin investment, we can't be always right but if we are in profit overall then we are doing a good job. I realize that it is not that easy of a decision to do something like this, and it would require a steel emotional endurance for people who can invest and see their investment go down, but if we can somehow endure it then we can make a profit as well.

I have seen people who make a lot of loss, and I have seen people who make a lot of profit as well, there is really no correct answer on this. Without testing out yourself, you will never know if you are one of those who made a profit, or if you are one of those who made a loss, so it is not an easy decision.

Of the thousands of altcoins on the market, most are risky. Yes there are still some alt coins, from which there is a good chance to earn money.  There is also another special factor that is the price of altcoins, many people are still involved in investing in altcoins due to the low prices. I think some of the best altcoins worth considering as an investment are Ethereum, BNB, Litecoin, Solana among the top alt coins. These coins are well known and old coins in the market. I think atleast you won't lose money if you invest in mentioned coins instead of investing in crap altcoins.

The problem is that people were aware of the potential risk in making investment in any altcoin, but the need for money as profits on investment is what many keeps hunting after in looking out for any new project that they may believe in its potentials for rising fast and from there they make an investment that turns into loss on them, though its not something bad to take risk on investment as not everyone of them is loosing like that, some are still earing and making their profits but few investors.

We invest because we've strong hope for tomorrow, everything we're doing currently is for the future. The market doesn't follow the trends or predictions of pro traders 100%. It do follows more often and the huge manipulation of most top whales in the space. Altcoins will continue to dominate the crypto space with Bitcoin because these projects are promising and most of them end up not running the long bullish run. Easily spotting the altcoins that will do well and the ones that will become a failed projects is definitely something we should ask.

People intend to invest in altcoins for quick money, having the mindset of altcoin in a negative form doesn't mean every investor will think so. Some investors has gained profit from investing so people like this will always have the mindset to win more, not all altcoins will serve as ponzi scheme but it's very rare researching for quality coin with potential.
As a friend, I can't stop a fellow investor from investing due to the popularity random altcoins has gained due to hype, I don't think it's best to stop an investor.

The majority of those who invest in altcoin do so with the mindset of making quick returns on their investment and the expected huge profits returned are expected within a short period which looks much like gambling and that is why, altcoin investment is perceived to be a gamble in some statement because the majority of them I just subject to pump and dump mechanism that affects most of it investors and some are total scams which just promised investors without delivering on they promises.


The best investment approach is to choose bitcoin as your primary investment tool and with a long-term mindset, and also take the time to study the market and know which altcoin you can gamble on if you wish to do so because by taking the path of altcoin you should know that it's a high-risk investment.

Altcoins are good for investment and now a days there success is more higher then ever even meme coins are going to be successful as the market is higher in price today. All these changes are because of bitcoin enhancement and in case of altcoins if someone is afraid of investment then there is an easy way to invest in tested and top altcoins instead of new and unknown coins.

You will know better that most of the altcoins are now in state of increasing, Ethereum, BNB, pepe, matic, Solana etc are all giving us positive news that Bull season has been initiated. I am not giving any advise to other but in my opinion we should take this risk because you can only be successful if you search well, choose well and then use your knowledge to get profit.

Just because altcoins are risky, it doesn't mean they don't deserve investments. The market is full of great altcoins and not all of them are bad or scams or cause loss of assets. Besides, even though Bitcoin is the best investment option available in the market, one cannot invest all their capital in it and diversification is the best thing there are trusted altcoins in the market as well like Ethereum.
So you can't say that altcoins are not reputable just because some projects are bad or cause people losses. One bad occurring shouldn't be the base for calling or considering all things in that line bad.

Every investment comes with it shares of gain and lost the choice of investment is solely dependent on individual it is your decision, altcoin for me now no but however I have friends that does that and the major serious thing I observed is that the are often monitoring the market causing some kind of emotional unrest, some projects has paid out well while some didn't is actually a two way thing loss or gain but however there is not rest of mind. Altcons are not generally bad only when you make a wrong choice of projects that it seems to be bad, but it is not an easy task being certain about a project that has good potential, and sometimes is more like try and error.

I don't list altcoins for people to invest but if they feel like investing then I only give them advice to watch closely because we have lots of wolves in sheep clothing as altcoins. At first they may look promising but after a while, they begin to portray their original form as shitcoins, most especially those short term altcoins. They say a wise man look and learn, and try as much as possible not to be the victim. We cannot tell the future and that is why there is a 99% probability that we might fail with our analysis and predictions. So the best way is to stay away or used little amount to invest that won't get you emotional unbalanced if the coin turns out to be a shitcoin.

But I hope you're aware that you as an active AltCoin Investor can be a source of research for someone else? Unless you choose to keep your knowledge all by yourself and watch people drown in the pit at when you can be of helped. With all Said, what if the person walks up to you, are you just pushing him away? I guess not instead you'd clear him up with your best of knowledge definitely by your experiences then let him take decisions by himself

If you know nothing about risk then you must not be an investors because risk is part of profiting , remember that there are tons of currencies in the market , there are good project that dominate the market, there are slow moving , there are waiting for the jump and there are scam project.

those are given and its your  choice where to invest and how much to afford losing , remember that only risk what you can lose.

In a market dependent on Altcoin hype, the altcoins that are hyped are very profitable for that time, but it is very difficult to know which coin will ever be hyped because there are thousands of altcoins in the market.  So an altcoin is never a potential or fiduciary coin. Investing in altcoins is risky but like gambling if you invest in one of the altcoin hype and sell it at the right time it can give you a lot of profit so investing in altcoins must take a lot of risk. and on the altcoins you should invest such a amount that you are afford to loss like gambling concept

If you're part of the team for sure you'll still market your project despite of being not good, but for me why advise to anyone to invest on a project that is not worth it at all? an why do you need to listen to any advise where you for yourself know how to analyze the project?

Altcoins are good but not all, just choose the right investment with you and you can be ok. Also, the risk is high in crypto market and its not just about altcoins.

I seriously dont understand what you are trying to bring out with this thread. You already dicredit altcoins and you still wonder why people are still buying into it even with what we are still seeing in the present market. These are the distracting topics in the bull market I avoid so much when the OP is also investing into altcoins

Thats why you need to be very careful while Investing in  altcoins rather the Bitcoin because there coins are generally very volatile and it requires a very high skill set to get profits out on your investments.Investing in Bitcoin is pretty easy because it doesn't require much skills as the brokers in the market take care of your investment while protecting theirs.

But while investing in altcoins you need to have a good background as well as good knowledge of the crypto world. Heartbreaks will not be a part of your life if you have a good sense of market research. So first learn then earn.

The appeal of altcoins lies in their high risk-reward potential. As long as I invest within my risk tolerance, I believe the potential gains outweigh the risks. However, I wouldn't necessarily recommend altcoins for everyone. It's crucial to understand the inherent risks involved before investing. While there's a chance of discovering hidden gems, altcoins are generally more volatile than established cryptocurrencies. Ultimately, if altcoins fit your risk tolerance and you're comfortable with the volatility, then they could be a viable investment option.

I don't invest in altcoins unreasonably and not all altcoins are bullshit although they are just distractions from the real deal bitcoin which would well exceed and is more garantee  to give you more returns than any altcoin in the future.

Most altcoins are scammers deployed missiles to steak your funds, very little projects do well In the altcoins space cause they solve no problem and are just ponzi schemes created to profits only their hidden investors.

Well, most times we invest in altcoins just for quick profit, we know that altcoins are not reliable because of their centralized nature but we still gamble just for quick profit.

The risk is worth taking in some projects that we have good knowledge about the project’s road map and the project’s aim and the project’s potential because the higher your risk the greater the reward.

I like investing in altcoins because I feel like they give quick return, while I also invest in Bitcoin to save for the future.

That’s the problem you don’t know which coin is dumping or eating the dust among them, some of these coins are mostly tokens. One thing I always say it do not treat any money on altcoin as investment, rather it’s a gamble and at gambling you will only do use an amount you can afford to lose. There is no other reason to buy Altcoins other than it is more volatile than bitcoin and has a chance to increase higher in price than bitcoin, another reason to buy a particular coin could be for cheap transaction fee and the spend for the transaction to be completed.

Have you seen good altcoins? You can easily tell if it’s a good investment or not.
Not all altcoins are good yes but there’s still a good opportunity here to make money and that is why many are still investing with altcoins. Just choose a good project because you don’t have to sacrifice your money for the failed projects, altcoins are good for their own purpose, analyze well.

I wouldn't advise anyone with tussles. Why would I give someone to give an advise if we're not agreeing with our arguments. If he wants to hear me out then let me hear him out too.

But if he doesn't obliged me to give my idea then I wouldn't do that. Much better to just remove that term and just ask if you're willing to give advises to anyone even if they're not asking for it.

Did I understood it wrongly? Maybe. But it's best to give the advises to the people whether in altcoins or bitcoins that are happy to hear you out without any issue.

I believe that in life, risks is involved in almost every aspect of our life and without taking on risks, we risk being progressive in our life. One of my fav quotes of all time is the one about scared money not making any money. I could remember in the last bull run, majority of my money were in stablecoins because my risk appetite was at an all time low. Did I make money? Obviously not. If anything, I even lost money chasing 20% APY from anchor protocol on Luna ecosystem then using UST.

My primary goal for the current bull is building a portfolio that would consist of BTC, ETH and some promising alts because I feel like that would be where the real winners will be especially in the AI, Depin, RWA categories.

When you are a crypto investor, you can't ignore the potential risk of investment. Most of the time, I advise investing in Bitcoin for various reasons. But for quick money and multiplying our funds, sometimes we take risks with altcoin. Investing in altcoins is extremely risky, but sometimes it will give us big returns. Because often we see a few altcoins even become 10 within a day. So this is kind of a shortcut to making money from crypto. But there is a high risk of losing your funds. Same way they pump, and same way they could dump as well. I still invest in altcoins because, without taking risks, we can't gain. 

Even though bitcoin is not the most reliable investment, the reality is that many people or investors lose money when investing in altcoins, especially in new altcoins.
However, there are also those who make huge profits from altcoins. I think it all depends on how smart they are in doing thorough research and doing good analysis to profit from altcoins. And I think there are still many altcoins that are good and profitable, especially the old and oldest altcoins because of their footprint and also doing it in the long term. And there are also many altcoins that follow Bitcoin's movements, so it all depends on the habits and intelligence involved to make good profits. And besides that, having altcoins doesn't mean not having Bitcoin because altcoins are an alternative way to earn profits besides Bitcoin if you do it well.

I am not a big fan of altcoins and I don't have them in my portfolio. But I have friends who make good profits from altcoins and I moat times admire them for their courage and determination.

It would have been nice if you categorized the altcoins. For instance, a coin like PEPE is not on the same level as Ethereum or BNB, but both can be called altcoins. So, investing in the top 5 or top 10 altcoins might not be as risky as it is if you invest in random meme coins.

Despite the risk, altcoins still have the ability to do 50x 100x etc which bitcoin might not do for now.

I will not give such an advice but if the person believes in gambling, they can take the risk and could also be successful.

Some major altcoins are down over 90% from their ATH vs BTC and are a great investment since they have a strong user base and are not going to go away soon. This is why you "still Invest in the potential heartbreaking AltCoins"

Why do people invest in altcoins, despite knowing the risks involved that they're most likely gambling their capital, the answer is simple, more profits on the short term. Most altcoins, especially new projects can give you 10x to 100x profit on your investment capital, on a short term, but why it's a gamble is because you can lose your investment capital as well, if you buy a scam project. But it's not all the altcoins that are scam or will not have the potentials to last for long term, there are top altcoins that have proven their reputations in the crypto space, despite their pumps and dips, they're still worthy to hodle for the long term, they follow Bitcoin bull seasons to give their investors good profits that is worth their wait.

- you're just talking about opinions without actually talking about what's going on in the space, accepting the risk because they were also ready for it when they saw a big profit-making opportunity. Suppose you bought ETH, what do you think about the opportunity? Your conclusion is more misleading about investment perception, because investing is a risk/return balance.

- I do not intend and have never advised anyone to buy and hold any altcoin, just speculating on prices and contributing opinions, as well as encouraging everyone to do their own research and be responsible with their investment.

Of course I can still confidently advise people to invest in altcoins but I will be very specific that it should be just any altcoin. The reason why people know the dangers of these “heartbreaking” altcoins and still invest in them is because it gives that likelihood of getting them rich over night. Just like these memecoins, they can take you from zero to hero in even an hour or less. So people risk their money on that probability and sometimes it works sometimes it doesn’t. Just have an open mind when investing in such altcoins. Be ready to bear the loss even before you invest it.

First of all, you should know that any investment has risks, even with bitcoin.

With altcoins, the volatility is much greater but also comes with great opportunities, and the investment is decided by you without dependence or direction from outside. Just because you don't make a profit from altcoins doesn't mean other people are the same as you, and vice versa, no matter how knowledgeable you are about investing, you'll get the same results. You should be open to receive and accept all situations that occur during the investment process.

depending on the type of altcoin, i think altcoins like ethereum, solana, and bnb, are quite good to invest in. these altcoins have a reputation and have the potential to increase in the future, so it doesn't matter if you want to invest in altcoins, but make sure that the altcoins have a good reputation so that the investment you make will not be in vain.

Survival for the fittest is true for all not only altcoin. Even a superior tech and asset class take over bitcoin one day. Altcoin market evolve around the necessity of the community. When the community faces any problem with the existing system then the developer came with a new project with new solution. Community abandon the old one and embrace the new one.

There are some of them that are worth holding and that is why they are reputable. And those that are taking risks in variety of altcoins is trying their luck because of the market right now. If you are aware of things like hit or miss, that is what is happening right now. If they happen to invest to an altcoin that suddenly pumped during this bull run, that's it and they are out. Someone who is going to hold it for so long will miss the value of it.

You definitely can't lump all altcoins together.  There's a huge difference between shady here today, gone tomorrow operations versus legit projects trying to solve real-world issues with new technologies. 

Some altcoins seem sketchy, I wont lie and  you've gotta navigate that jungle carefully or risk getting scammed.  But others have real potential as investments - like finding a diamond in the rough! Sure, they tend to be higher risk than more mainstream cryptos.  But with more risk comes more possible rewards right?

I think instead of writing off all altcoins, it pays to do your research.  Find the ones with strong developer teams and backers that are in it for the long haul.  Dogecoin surprised people by sticking around and growing.  And Ethereum gave birth to a whole ecosystem of apps and tokens on its network.  So, If you're willing to dig, there are some exciting altcoin projects with big ideas.

Why? The profit. You can gain lots of profit with altcoins in a short amount of time compared to bitcoin where it is generally recommended to invest in for the long-term. People who are in need of quick profit resorts to altcoin no matter how risky it is. Plus, if you get lucky with an altcoin it generates so much profit especially if you found the altcoin during its early stages.

There is only one reason why people still prefer to invest into Altcoin despite being aware that only very few of Altcoins succeeds amounts pool of hundreds of Altcoin which fails and even if it's successful it can eat up your portfolio anytime like we have seen with Luna and FTX but still people invest into Altcoin only for higher profit. Yes, the profit which one can get from Altcoin is much more than Bitcoin and that's the sole reason why people still risk it all for Altcoin. But, I have stopped thinking like that and majority of my portfolio is covered by Bitcoin.

The reason people still invest in altcoins is because they feel they can get quick profit from altcoins despite how risky altcoins are, and many have lose good amount of money in choosing the altcoins. Even if altcoins are risky to invest it doesn't mean people will not want to invest in it. But it is important when investing in altcoins people should always have in mind to invest with the amount they can afford to lose because it is much risky to expect profits.

Well with a proper due diligence and researched you could break that mindset on investing on some altcoins. Yes bitcoin is good one but if you likely invested on some potential altcoins then you are good to earn more than what can Bitcoin offers. Yes its risky and highly volatile but thats where you need some expertise on timing and execution. Like sell if it hits your target and dont be greedy.

The truth is in the altcoins you are probably going to meet a coin that can reward you massively, that's one major reason people invest in them but the difference is that we only invest (gamble) with what we can afford to lose, so at that we don't long bother whether it works or not but at least out of 10 Altcoins one should at least cover the expenses of the rest and so on.

But mind you, give financial advise is not my thing because if the person fails in anyway it turns out that you will be blamed for that and can even brake relationships so I don't attempt.

I don’t give anyone advice on what to invest and what not to invest on you need do your own personal research in other to be able to make the right choice on what you need to invest on and what you don’t need to invest on.

Personally I have few Altcoin which I have my money invested on and the reason why I choose to invest in them is because I saw something which make them worth my investment like their use case, where they are heading to what can contribute to the value of the coin and the people behind the project and many other things I scan through first before making move on any investment.

AltCoin doesn't sound reputable and reliable because it is like the jungle requiring only the fittest to survive and you must be smart, vigilant and awake in the market if you must not be left heartbroken with its flexibility potnetials to lost of asset funds.
We all knows about this so tell us, why do you still take that risk of investing in AltCoins?
With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?