why people are always interested in altcoins

Rusmus

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Quote from: Kgdktac on January 26, 2023, 08:20:33 PM

Why people are always interested in altcoins?

Some people believe that they have the potential to increase in value over time, similar to how Bitcoin has risen in value since its creation.

Others may be drawn to the technology or features of a specific altcoin, such as faster transaction times or increased privacy.

Additionally, some people may buy altcoins as a way to diversify their investment portfolio, similar to how they might invest in different stocks or other assets.
I hope this helps

I agree with you. Also because you can star from small amount For example, I described my own experience

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Miles2006

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Quote from: bitzizzix on March 18, 2024, 10:27:54 AM

Quote from: yazher on March 13, 2024, 07:41:22 AM

Honestly speaking, altcoins sometimes give more profit than bitcoins when it is not at the time of bitcoin halving season because there are lots of opportunities in altcoins if you only knew. But at the same time, this is not some easy kind of investment where you just need to buy certain recommended altcoins and wait for them to spike its price, it doesn't work that way, man. rather it needs a tremendous amount of research where you need to sacrifice lots of time to experience and learn to distinguish the real new emerging potential altcoins from fake ones.

That's right, investing in altcoins can sometimes be more profitable if the altcoin becomes popular and also has a solid and strong team. However, choosing the right and best altcoin that will provide big profits can be very complicated because of the large selection of altcoins in circulation and also the risks involved.
Therefore, expertise is needed in conducting thorough research and analysis to find altcoins that have profitable potential and also to avoid altcoins that have the potential to be fraudulent.

The major reason why an altcoin get so popular all of sudden might be strange, I think people in charge with the community project intentionally pump these coins to attract investors attention and all with the hype during the early stage but might dumb at the end, some coins are meant for short term not the long term and I strongly believe just few altcoins will yield profit during the long term plan so let's not get confused with newly tokens, newly tokens are mostly for the get rich quick scheme and still might be a ponzi scheme project so it's advisable to choose wisely.

bitzizzix

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Quote from: yazher on March 13, 2024, 07:41:22 AM

Honestly speaking, altcoins sometimes give more profit than bitcoins when it is not at the time of bitcoin halving season because there are lots of opportunities in altcoins if you only knew. But at the same time, this is not some easy kind of investment where you just need to buy certain recommended altcoins and wait for them to spike its price, it doesn't work that way, man. rather it needs a tremendous amount of research where you need to sacrifice lots of time to experience and learn to distinguish the real new emerging potential altcoins from fake ones.

That's right, investing in altcoins can sometimes be more profitable if the altcoin becomes popular and also has a solid and strong team. However, choosing the right and best altcoin that will provide big profits can be very complicated because of the large selection of altcoins in circulation and also the risks involved.
Therefore, expertise is needed in conducting thorough research and analysis to find altcoins that have profitable potential and also to avoid altcoins that have the potential to be fraudulent.

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Quote from: colinistheman on March 18, 2024, 09:39:14 AM

The reason for buying altcoin compared to the bitcoin is the trader can use the less money to inverse in the altcoin,but with the same money the portion of the bitcoin get by the trader will be very low.But the altcoin also allow the trader to buy with low dollars and get good returns in the bull run.Because of this reason many people use to buy the altcoin at the bull run.The small pump in the bitcoin also allow the traders to get profit from the altcoin by the reflection of the bull market in the flow of the altcoin price.The trader should spend some time to learn about that coin before buying that particular coin using their hard earned money.

To be honest, I also often choose altcoins because they are cheap, and I hope the price increase can be more than 2x. However, sometimes I don't hold altcoins long term, especially new altcoins. Bitcoin may still be the main choice if the investment is large enough and in the long term. However, for the short term, and hoping for high increases, altcoins are always an option. In fact, people choose meme coins because of the price increase which can be many times the initial price.

colinistheman

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The reason for buying altcoin compared to the bitcoin is the trader can use the less money to inverse in the altcoin,but with the same money the portion of the bitcoin get by the trader will be very low.But the altcoin also allow the trader to buy with low dollars and get good returns in the bull run.Because of this reason many people use to buy the altcoin at the bull run.The small pump in the bitcoin also allow the traders to get profit from the altcoin by the reflection of the bull market in the flow of the altcoin price.The trader should spend some time to learn about that coin before buying that particular coin using their hard earned money.

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Quote from: tengui on March 17, 2024, 02:22:23 AM

filling most of your portfolio with bitcoin is the right choice. Honestly, I don't have a specific reason why I invest in altcoins. Most of my altcoin portfolio is filled with ETH and BNB and I don't have a particular reason why I chose them. Maybe the reason is the same as most people, namely because they are the most popular altcoins.

People are very interested in buying and holding altcoins in the market if we knowntye benefits that are attached to it. We can make fast money from the market especially during launching of many of the altcoins in the market.
Those that knows how to select good altcoins in the market would have more opportunities to buy good projects that would bring more profits to them than a normal person that is in the market just to buy and sell.

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Quote from: Y3shot on March 17, 2024, 02:02:25 AM

Quote from: GxSTxV on January 15, 2024, 09:16:55 AM

For beginners in crypto world, their only goal is to gain much profit from investing a little. As a conclusion for your question why people are interested in altcoins, I would say the main reason why is money and profit, then other things comes out for transactions or gaming, shopping and many other features a token or coin can have and make a user interested in buying it.
In your case you want to invest just a little and gain much more than investing in bitcoin as a les volatile cryptocurrency, I believe it’s the same thing for every. Their interest on altcoins in about making money from smaller capitals, and I wouldn’t say it’s a bad thing unless you have to chose a trusted and legitimate project to creat their token and you invest in it with confidence.

The main reason why people are too interested to invest in altcoins is because of profit, their some altcoins thst good profit can be gained it it is not for altcoins, because of the profit that is why people are interested I altcoins, they believe I they buy low they can sell when the coin gains value. Despite that altcoins are very risky people still don't care on how they invest in altcoins, they just allow greed to control them to buy as much altcoins as they can.

If you have come across one of my topics, i said that the reason people invest in altcoins is because of quick profits, and i stand by that. They do not believe in the project, but they believe in 100x, 1000x, and even more. Unlike bitcoin, for which there are investors who are willing to hold it for a decade, have you seen anyone who is willing to hold his altcoin for a decade? Altcoins have low potential in the long run, and no one trusts them so much to keep there money in them.

tengui

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filling most of your portfolio with bitcoin is the right choice. Honestly, I don't have a specific reason why I invest in altcoins. Most of my altcoin portfolio is filled with ETH and BNB and I don't have a particular reason why I chose them. Maybe the reason is the same as most people, namely because they are the most popular altcoins.

Y3shot

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Quote from: GxSTxV on January 15, 2024, 09:16:55 AM

For beginners in crypto world, their only goal is to gain much profit from investing a little. As a conclusion for your question why people are interested in altcoins, I would say the main reason why is money and profit, then other things comes out for transactions or gaming, shopping and many other features a token or coin can have and make a user interested in buying it.
In your case you want to invest just a little and gain much more than investing in bitcoin as a les volatile cryptocurrency, I believe it’s the same thing for every. Their interest on altcoins in about making money from smaller capitals, and I wouldn’t say it’s a bad thing unless you have to chose a trusted and legitimate project to creat their token and you invest in it with confidence.

The main reason why people are too interested to invest in altcoins is because of profit, their some altcoins thst good profit can be gained it it is not for altcoins, because of the profit that is why people are interested I altcoins, they believe I they buy low they can sell when the coin gains value. Despite that altcoins are very risky people still don't care on how they invest in altcoins, they just allow greed to control them to buy as much altcoins as they can.

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Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

as we know, many people suggest investing in bitcoin because the risk is not too high.
but if we look at the market there are lots of people buying altcoins, and to be honest I also like to buy altcoins but there aren't many of them, and it's still my biggest investment in bitcoin. and to be honest even though investing in altcoins is risky but I always want to buy and the reason is because of the high pumping..
and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?

Yup, I feel the same. I'm drawn to the potential rewards of high-risk investments. Besides, I frequently collect altcoins through airdrops or bounties, so it doesn't hurt as much when their value drops since I didn't invest my own money. However, when I do buy altcoins, I stick to a top 10 and might occasionally try small amounts of intriguing new ones. The key is to always use money you're prepared to lose, as altcoin investing is highly risky.

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Quote from: DOH! on January 26, 2023, 10:23:36 PM

Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?

I think the simple reason for all the investments in altcoins has the same goal and nuance to find big profits with minimal funding. Bitcoin is no exception, but between a small and risky investment fund compared to a large investment fund with little risk. It is a choice or launch portfolio in the right way.

Though that's a good point you have there, people are interested in altcoin for quick money and possibly because of so diversification too, many people feel that crypto investment is all about quick money and this people tends to make a big mistake in the long run, they may lose their money because of unsatisfiable wants.
Your financial decisions should be based on your investigations about such investment, people like free things and that's why they enter into problems sometimes, to me when ever I come across free airdrops what comes to my mind is how the owners of the project make there own money, is it by traffic or is there any other way round.

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Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

as we know, many people suggest investing in bitcoin because the risk is not too high.
but if we look at the market there are lots of people buying altcoins, and to be honest I also like to buy altcoins but there aren't many of them, and it's still my biggest investment in bitcoin. and to be honest even though investing in altcoins is risky but I always want to buy and the reason is because of the high pumping..
and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?

maybe I'm the same as you who want to get more profit from altcoins but it's true that altcoins can multiply our money up to 10x or more but basically buying bitcoins is to maintain our wealth and buying altcoins to build our wealth but both have their own risks. the reason I bought altcoins I'm still in my wealth building phase this is not financial advice I'm just sharing what I do stick to your own research

yazher

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Honestly speaking, altcoins sometimes give more profit than bitcoins when it is not at the time of bitcoin halving season because there are lots of opportunities in altcoins if you only knew. But at the same time, this is not some easy kind of investment where you just need to buy certain recommended altcoins and wait for them to spike its price, it doesn't work that way, man. rather it needs a tremendous amount of research where you need to sacrifice lots of time to experience and learn to distinguish the real new emerging potential altcoins from fake ones.

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Quote from: Tmoonz on March 13, 2024, 03:39:26 AM

Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

as we know, many people suggest investing in bitcoin because the risk is not too high.
but if we look at the market there are lots of people buying altcoins, and to be honest I also like to buy altcoins but there aren't many of them, and it's still my biggest investment in bitcoin. and to be honest even though investing in altcoins is risky but I always want to buy and the reason is because of the high pumping..
and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?

In as much investment in Bitcoin is less risky compared to altcoins the truth is that Bitcoin is best for a long term perspective, but when it comes to altcoins it tend to be cheaper and quick maximization of profits instead of waiting for a longer investment plan in Bitcoin, but it is always advisable to have a portfolio in Bitcoin and limit your altcoins involvement in other to also grow a Bitcoin asset because altcoins have a higher risk when compared to Bitcoin coin.

If you are really that loving to stick with less risky investment then Bitcoin would be your best shot in compared into those meme or shitcoins out there. The only thing that gives out with those shit or meme coins is that
you could potentially make yourself that being a millionaire once you do hit up the right spot and this is where people would really be tending to look at and try out to catch out and this is something that they would really be
trying out to do so. Lots have busted out and there are people who do become a millionaire but of course only a few would be making that huge profits. Those losers are the ones who do make those profitable traders become millionaires. When making investment then you should really be having that good financial management and risks taking factor.

You wont really be able to survive this unpredictable space if you are really that making yourself that impulsive. Always be having that kind of self control and discipline
when it comes to investment. Dont make yourself that impulsive on which be careless on choosing up on which coin you are investing.

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There could be many reasons for people to show some interest in altcoins. Altcoins are cheaper compared to Bitcoin and suppose you have $200 in investment, which option will you choose, I will go for Altcoins. Some people believe in the technology a project is offering. You can increase your profit margins more quickly in altcoins investment than BTC (for some cases) because they are more suitable for short-term investment. Look at the recent price hike of meme coins, if a person has invested a couple of hundred dollars, he could have made a couple of thousands of dollars within a couple of months. These are the possible reasons why people are interested in altcoins.

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Quote from: Tahid12 on March 12, 2024, 04:41:50 PM

People who would like to have secure income then they do invest in Bitcoin. But most of people newly come in crypto market when they saw a memecoin turn to 10x or 20x within night.

Maybe this is the reason why a lot of people take a look at bitcoin
and immediately think that it is dead or it is not gonna be generating any
profits anymore just because it does not constantly rise up for huge numbers every single night

But if we take a look at bitcoin right now, even though many people doubted it it has reached a completely new ath and people are speculating that it might
even go higher

Anyway it is just a matter of need, I think. If people can not be patient and immediately want to have returns then altcoins will be the choice for them

Tmoonz

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Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

as we know, many people suggest investing in bitcoin because the risk is not too high.
but if we look at the market there are lots of people buying altcoins, and to be honest I also like to buy altcoins but there aren't many of them, and it's still my biggest investment in bitcoin. and to be honest even though investing in altcoins is risky but I always want to buy and the reason is because of the high pumping..
and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?

In as much investment in Bitcoin is less risky compared to altcoins the truth is that Bitcoin is best for a long term perspective, but when it comes to altcoins it tend to be cheaper and quick maximization of profits instead of waiting for a longer investment plan in Bitcoin, but it is always advisable to have a portfolio in Bitcoin and limit your altcoins involvement in other to also grow a Bitcoin asset because altcoins have a higher risk when compared to Bitcoin coin.

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Quote from: dlightag on January 16, 2024, 04:36:22 PM

The major reason why people invest in alt-coins is because of high pump within a short period of time and is also have the high risk to invest on, while Bitcoin price moved gradually with a less risk involved. In other words the higher the risk the more profits and losses involved in the cryptocurrency market.

well, one of the reasons why people are buying altcoins more often is because of this. The high level of fluctuation, and the price which tends to be affordable, makes people tend to buy altcoins to take advantage of this moment. This can be seen in meme coins too, where basically these coins do not have advantages in their function or are without clarity, but people still buy them because the potential for making a profit is still very high.

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People who would like to have secure income then they do invest in Bitcoin. But most of people newly come in crypto market when they saw a memecoin turn to 10x or 20x within night. That's why they come in market and buy memecoin or shitcoin, than bitcoin. Yeah, money is the main reason and that's why people come in Crypto market. And Bitcoin is safe but slow profit generator, while altcoins are risky but fast profit generator. that's why people always feel more interested with altcoin than Bitcoin

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Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?

The main reason is that they like temporary practical profits as you said above due to high pumps that keep happening one after another where many traders make short trades to take advantage of daily volatility to make profits. Yes. they try to speculate their money into currently trending hot projects like meme coins. For this, Myabe it is just my assumption, currently many projects are migrating to the BSC platform, even though we know that each coin has a different purpose, but they are all built on blockchain technology.

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