why people are always interested in altcoins - page 10.

Psynthax

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Quote from: newdevices on June 25, 2023, 02:23:55 PM

The answer is easy, the only thing is that altcoins have a lower price than Bitcoin,
yes you can say 90% of altcoins have a low ROI, so to invest safely, of course, altcoins are the second choice after bitcoin,
some even make it the first choice, just like me who choose altcoins to be the first choice of investment.

altcoins might have lower price though it usually have higher ROI than bitcoin honestly.
so saying it has lower ROI is wrong, after all you would rarely see bitcoin multiplying its current value to hundred folds but altcoins could just do that.

Freddie Boyer

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Quote from: Tomcolor on June 23, 2023, 03:51:13 PM

Because of profits.
If you want profits by investing in crypto then you should must be taken altcoins. I think altcoins without you haven’t any work from crypto market. Since when i was coming in the crypto market that was my target invest then profits.

Not only that, some people might like to see a small pump and keep getting interested, joining in and getting stuck, because they are not paying enough attention and hoping to go up again. This is the lack of a less fundamental Altcoin coin for me. I myself like the bright and resistant onslaught. Yes. of course. Currently, many altcoins are still cheap, but it will take a long time before they grow big.

fzkto

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Quote from: nesty on June 29, 2023, 08:50:08 AM

People are always interested in altcoins is because it is driven by the potential for high profit and the unique features they offer in the cryptocurrency market. Altcoins are not regulated by governments or financial institutions, making them a more decentralized and potentially profitable investment opportunity. Altcoin often have unique features or use cases that differentiate them from well known cryptocurrency like bitcoin or ethereum. This can make them more appealing to investors who are looking for better opportunities in the cryptocurrency market. Altcoins can also be highly volatile and have significant risks. It is crucial for investors to do their own research and understand the potential risks before investing in any altcoin.

Sec has recently had complaints about some altcoins, which has had a negative impact on the value of these coins. Therefore, the issue of control is a matter of time. It is enough to get a delist from most exchanges and the future of the project will be in doubt. You may be right about decentralisation, but the main factor here is investors who own a lot of coins who can also manipulate the price.

Agbe

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

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

Op then if I may ask what is your reason of buying altcoins? Even though 90% of people buy altcoins for one reason, the remaining % will buy for another reason. Not all are for profit or for gain purpose. Some of them are just to test the token if they are legit and that is why those people bought only very small fraction of unit of it. While some but to know the value of the coin. Some buy it to play game or for gambling.

jacafbiz

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People buy Altcoins because they miss out on Bitcoin, why do you want to buy a big-cap project when all you have is $100? There are more than 10,000 Altcoins in this space though most of them are scams, if you find a real one with a serious team it can be a life changing opportunity for you, just look at the recent Pepe coin and Meme coin pump, some people turn $100 to millions of Dollar, Bitcoin can't give you this level of return on your investment. People will continue to bet on Altcoins because Bitcoin is now for the big boys and can only give a conservative returns

nesty

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People are always interested in altcoins is because it is driven by the potential for high profit and the unique features they offer in the cryptocurrency market. Altcoins are not regulated by governments or financial institutions, making them a more decentralized and potentially profitable investment opportunity. Altcoin often have unique features or use cases that differentiate them from well known cryptocurrency like bitcoin or ethereum. This can make them more appealing to investors who are looking for better opportunities in the cryptocurrency market. Altcoins can also be highly volatile and have significant risks. It is crucial for investors to do their own research and understand the potential risks before investing in any altcoin.

newdevices

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The answer is easy, the only thing is that altcoins have a lower price than Bitcoin,
yes you can say 90% of altcoins have a low ROI, so to invest safely, of course, altcoins are the second choice after bitcoin,
some even make it the first choice, just like me who choose altcoins to be the first choice of investment.

Dr.Osh

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Quote from: WalkerIVIV on June 23, 2023, 10:45:31 AM

Quote from: BaeSuzy on June 23, 2023, 10:26:33 AM

It cannot be denied most of people who invest on altcoins is looking for a big PUMP and the another reason is there is so many altcoins who really has the good value, good product/service thats why we interested to put our money into that.

I think as you said the answer is quite obvious its just altcoins give more opportunity to turn around the money we invested to become some massive amount at the cost of losing it.
yet many are still interested in it anyway, kinda speaks the fact that majority of people are really interested in get rich quick scheme.

well, it's all because of the money. because altcoins have a cheaper price than bitcoin, there are still many people who try to take advantage of altcoins to get short profits. In addition, there are still many people who use altcoins because of the volatile prices that these altcoins have, even coins that have become scams like Terra, and many more. However, maybe there are still quite a lot of people who are interested in altcoins because of their future functions, or because of their development, however, I think the most interesting thing is because of their fast volatility, low price, and also the huge potential to increase profits.

southerngentuk

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People are constantly exploring and looking for new things, and so are traders who want to find new profitable investment opportunities outside of traditional assets such as gold, deposits, stocks, etc. Furthermore, the most basic theory in investing is portfolio diversification. New cryptocurrencies are in the early stages of development, and no one can predict which will be the most widely used cryptocurrency in the future. So, holding some more popular altcoins besides Bitcoin will keep you in the game of the future. Altcoins create excitement in the cryptocurrency market, and speculators can find countless short-term speculation opportunities from the strong price fluctuations of Altcoins.

Abiky

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Quote from: BaeSuzy on June 23, 2023, 10:26:33 AM

It cannot be denied most of people who invest on altcoins is looking for a big PUMP and the another reason is there is so many altcoins who really has the good value, good product/service thats why we interested to put our money into that.

It's all about the money. Not because people truly believe in the technology. Altcoins are often cheaper than Bitcoin itself, making them a great way to explore the world of crypto without "breaking the bank" (especially "meme" coins). While there are zillions of altcoins being traded across exchanges, only a small few will survive for a very long time. That's because the vast majority of altcoin projects are hyped without bringing any real use cases to the world. You need to be careful not to fall into the trap, and lose all of your money in a "blink of an eye".

By diversifying your investment between prominent altcoins and Bitcoin itself, you could minimize losses in the long run. No one can predict the future, especially when crypto behaves in many strange and bizarre ways. Who knows how far altcoins will go? Just my thoughts Grin

Chainsmokers

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Try to see how much the ROI of Bitcoin according to coinmarketcap.
If you have looked at it then you will see 63020303% ROI since the all time low to 2023, isn't that an amazing ROI?
and of course the risk to buy at $ 30k is also very high, we will not know what the future of bitcoin will be, and I don't think anyone will be able to predict it,
so altcoins are a good choice to buy without high risk, although we are advised to stay alert.

BatonNakroshil

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My reason to buy is passion and a will to earn more by pushing my fav project with the community
I see new projects like NeonLink and I simply want them to grow to reach highs
You see a great team, amazing product and you wanna know If people will join them
You see a new upcoming trend and you wanna be right about it... I think I invest cuz I believe in technology and defi future

lobo13hf

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if you see many altcoins chart in coinmarketcap then you can easily figure out why many are so interested in this.
their chart usually lasts about a year with really high all time high and then went downhill ever since, it means its good for investment short term and could flip money relatively easy.

Tomcolor

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Because of profits.
If you want profits by investing in crypto then you should must be taken altcoins. I think altcoins without you haven’t any work from crypto market. Since when i was coming in the crypto market that was my target invest then profits.

Fredomago

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Quote from: WalkerIVIV on June 23, 2023, 10:45:31 AM

Quote from: BaeSuzy on June 23, 2023, 10:26:33 AM

It cannot be denied most of people who invest on altcoins is looking for a big PUMP and the another reason is there is so many altcoins who really has the good value, good product/service thats why we interested to put our money into that.

I think as you said the answer is quite obvious its just altcoins give more opportunity to turn around the money we invested to become some massive amount at the cost of losing it.
yet many are still interested in it anyway, kinda speaks the fact that majority of people are really interested in get rich quick scheme.

Quick scheme and willing to take that big risk, but once being scammed they will cry out and call the entire market as scam venue for investment, that's very common in terms of those who are practicing this style of investment, but for me, the chance of making money is always open for each investors and traders who will take time in doing research and properly understand if how the market works and what are the things that will bring good pump to a certain project.

Knowing the grounds will give you an idea if your interest in a certain project will manifest a good outcome after you place
your investment.

Taking time to completely know the basic and continue enhancing your knowledge, that interest can be converted to a successful
investment and trade.

WalkerIVIV

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Quote from: BaeSuzy on June 23, 2023, 10:26:33 AM

It cannot be denied most of people who invest on altcoins is looking for a big PUMP and the another reason is there is so many altcoins who really has the good value, good product/service thats why we interested to put our money into that.

I think as you said the answer is quite obvious its just altcoins give more opportunity to turn around the money we invested to become some massive amount at the cost of losing it.
yet many are still interested in it anyway, kinda speaks the fact that majority of people are really interested in get rich quick scheme.

BaeSuzy

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It cannot be denied most of people who invest on altcoins is looking for a big PUMP and the another reason is there is so many altcoins who really has the good value, good product/service thats why we interested to put our money into that.

timoshani

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The interest in Altcoins is because – it's always new and can be quite profitable. Altcoins are very diverse. Now many areas have been invented where you can use this or that token. In addition, the crypt is convenient. But one minus regarding risks. Because of them, too, people are interested in Altcoins in order to find some kind of token more promising.

jossiel

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Quote from: TheSpiral on June 14, 2023, 03:16:12 PM

Old and experience users love to hold btc and they have big parts of portfolio consist of BTC while new users believe that altcoins can give more Profit than btc and more than half portfolio to they using for holding altcoins. Altcoins pumping is high but dumping is same because of low cap. The reason for buying altcoins for me is same like you and i love to take risk . i am holding altcoins more than btc and i hope it will give me more profit than btc

That is so true.

We've been tested by time and saw what's best to do with our portfolios and how's the allocation gonna be. We believed that having more btc is the best for each portfolios.

And that is because bitcoin has been the king of this market and will protect our money and far from pump and dump unlike the unusual altcoins that we do see in the market.

JeffBrad12

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Quote from: Fredomago on June 13, 2023, 04:20:32 PM

Quote from: Boomber on June 13, 2023, 09:28:11 AM

Quote from: icalical on June 12, 2023, 12:48:18 PM

Because some people saw other people actually getting rich overnight by buying altcoin, though finding those kind of altcoin is just like looking for a needle in the hay, other than that, Bitcoin price is already so high, so people just looking for some cheap coin

that's right, that's why there are still many people who invest in altcoin and choose to take risks compared to investing in Bitcoin, because only altcoin can give us a big profit compared to investing in Bitcoin, but of course the risk is also bigger than investing in Bitcoin, therefore if we want to invest in altcoin, then we must be prepared for the risks and of course don't forget to DYOR before investing in altcoin.

People who thinks that crypto is the quick way to richness, they are looking at this investment as place where they can pick an alt coin and it will pump so high and give them huge amount of profits. Not realizing that the amount of risk that they are taking is really something that can scam them and lead them to lose their money.

Not generalizing though, there are still alts that may give you decent profits, just do your DYOR and set a proper expectation to avoid
any panic or fears when the market is not favoring your position.

well unfortunately many are investing in cryptocurrencies definitely for that sole reason, that is a get rich quick scheme, you can see it from the fact that there are many that invest in meme coins.
those that invest in meme coins are massive, with market capitalization that's just humongous and also the trading volume that is huge.
it's easy to deduct the fact that there are so many people that actually interested to investment that's rather speculative in nature and also make them rich quick.
it's no wonder that there are many that losses money along the way because they are greedy.

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