why people are always interested in altcoins - page 11.

TheSpiral

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

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

krava22

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Quote from: VFalcon on June 13, 2023, 09:38:26 AM

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

I invest in altcoins like BNB, NEAR, and TFS for several reasons. Firstly, the potential for higher returns is enticing. Altcoins have historically shown impressive price increases, and I hope to capitalize on these upward trends. Secondly, altcoins often represent innovative blockchain projects with unique features and use cases. By investing in these projects, I support their development and aim to be part of the technological advancements they bring. Lastly, the pumping and volatility in altcoin markets can present exciting opportunities for short-term gains. However, I do acknowledge the risks involved and carefully research and assess each altcoin before investing.

I agree with u. Altcoins like NEAR, and TFS offer higher returns, support innovative blockchain projects, and present exciting short-term opportunities. I acknowledge the risks and conduct thorough research before investing. But I'm not sure about BNB, I do not think that in the future token will be able to consistently give pluses, although this is my opinion

Abiky

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Quote from: Blitzboy on June 10, 2023, 04:39:36 AM

Quick profits from altcoins can be tempting, almost hypnotic. Yet, it's dangerous. Profitability from altcoins isn't a surefire outcome, it's more akin to rolling the dice, and the house, unfortunately, has a way of winning more often than not.

Comparing Bitcoin with altcoins is like comparing gold with fool's gold. Bitcoin, by virtue of its first-mover advantage, and well-established network, provides a relatively safer harbor in the tumultuous sea of cryptocurrency. Yes, the gains may not be as spectacularly meteoric as some altcoins, but the risk of total loss is significantly lower.

Altcoins, especially meme coins and those without concrete roadmaps or use cases, are wild cards. They're akin to hot potatoes, with people trying to pass them on before they get burnt. The euphoria of making a quick buck often blinds investors to the inherent risks involved. Crypto-millionaires might have been minted from altcoins, but let's not forget those who have been wiped out.

Altcoins are a means to get rich quick if hype pumps market prices all the way to the moon. While that is a fact, they can also make you poor in an instant if you don't invest wisely. Just like you said, altcoins are just a gamble. Bitcoin is a better choice due to its low-risk, low-reward ratio.

If you want to be smart, invest in an altcoin within its early days of launch. That because an altcoin's price usually pumps massively due to FOMO. If you buy and sell at the right time, you can earn some decent profits along the way. Those profits can be used to buy more BTC and build your way towards non-stop success. Who knows how far altcoins will go? Just my thoughts Grin

Fredomago

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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.

VFalcon

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

I invest in altcoins like BNB, NEAR, and TFS for several reasons. Firstly, the potential for higher returns is enticing. Altcoins have historically shown impressive price increases, and I hope to capitalize on these upward trends. Secondly, altcoins often represent innovative blockchain projects with unique features and use cases. By investing in these projects, I support their development and aim to be part of the technological advancements they bring. Lastly, the pumping and volatility in altcoin markets can present exciting opportunities for short-term gains. However, I do acknowledge the risks involved and carefully research and assess each altcoin before investing.

Boomber

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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.

judaspriest

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C O M B O

Altcoins and Bitcoin are indeed very different in making profits for investors, for old investors Bitcoin is indeed very meaningful,
because it has got a profit ROI of x1000000?. while there are still many altcoins that haven't reached 100x or even 2x,
that's why investors are now more concerned with investing in altcoins than in bitcoin.

woksy

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No it’s not the same
Holding Bitcoin is a must have but I hunt for technology and promising project
I found NeonLink, they have lots of stuff to come out and I expect them to grow
The same thing I expect from the other project that I’m in
I look for perspective altcoin that has a use case to it, see?
Alt coins are more fun and cool if it comes to researching and creativity
You never know will it be web3 gaming, NFT collection or like NeonLink both plus many other things
You just look for a fun good looking perspective project
Some ppl don’t wanna research, they choose Bitcoin, cuz it’s safer

icalical

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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

cryptodude

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

as we know, many people suggest investing in bitcoin because the risk is not too high.

It is true that everyone who comes to crypto trading knows that investing in bitcoins has a low probability of loss. But kept in mind that cryptocurrency is always risky.
The reason, people are interested in investing in altcoins is the potential for high profits with a small investment. While new to the altCoin market, there are relatively many offers to attract customers. Brings various technologies and features that improve existing current cryptocurrency systems. This innovation attracts investors who believe in the long term potential of projects.
This is very important that altcoins tend to destabilize the market with more ups and downs and are more prone to scams than established crypto currencies like Bitcoin.

Blitzboy

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Quote from: abel1337 on June 09, 2023, 12:34:24 PM

Quote from: so98nn on June 09, 2023, 09:49:53 AM

I am gonna go ahead and say it’s quick profit. Nothing beats the profitability when it comes to investing your hard earned money. But when you are Bitcoin investor since long period of time you would know that Altcoin isn’t the right choice to put your money into. The risk is high, sometime we could see lot of profits in the alts and quicker too but that ain’t guarantee for us. Alts specially those with meme category or has no real roadmap of utility. Those projects are very profitable but are garbage and could either give a lot or take everything from us. Peeps are just trying hard to get more and more from such projects. They are trying their luck I believe.

Well this is true. Majority of altcoin buyers always has the goals for profit, let's say majority of who are on crypto are for profits. It's the truth and we can't deny it. Most of the millionaires on crypto made their fortune thru altcoins. We know how altcoin multiplies like crazy if it has a demand on it. We've seen it many times and there are people who are targeting to getting lucky on altcoins and became rich quickly. The trade off is there's a lot of risk if we compared it to bitcoin but yeah it's how you choose what altcoin you will buy on how much you will profit and how quick you can lose money.

Quick profits from altcoins can be tempting, almost hypnotic. Yet, it's dangerous. Profitability from altcoins isn't a surefire outcome, it's more akin to rolling the dice, and the house, unfortunately, has a way of winning more often than not.

Comparing Bitcoin with altcoins is like comparing gold with fool's gold. Bitcoin, by virtue of its first-mover advantage, and well-established network, provides a relatively safer harbor in the tumultuous sea of cryptocurrency. Yes, the gains may not be as spectacularly meteoric as some altcoins, but the risk of total loss is significantly lower.

Altcoins, especially meme coins and those without concrete roadmaps or use cases, are wild cards. They're akin to hot potatoes, with people trying to pass them on before they get burnt. The euphoria of making a quick buck often blinds investors to the inherent risks involved. Crypto-millionaires might have been minted from altcoins, but let's not forget those who have been wiped out.

Trouvaille

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There is often a high level of speculation in the altcoin market. People hope to earn high returns by buying low-priced altcoins and then selling them when the price rises.

nur rochid

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Quote from: Shamm on June 09, 2023, 12:59:56 PM

Actually we can't say that altcoins will end in the reason. Because altcoins now days have many projects which means they are becoming big. And also we can not deny the fact that altcoin have a good side because once we are investing in a good and trusted or let say legit projects then we can make more profit. But the bad aside of altcoin in my opinion once you will invested in scam sites and projects then you can't have your profit. So you will got loss.

many people like altcoins because they generate big profits, even though they also carry big risks too. however, a satisfying profit seems to cover them from the magnitude of the risk, so that path is taken, especially if you have aspirations to get rich quick. actually it won't be a problem if we have the ability to analyze, but if the analysis is wrong, it can happen that a long wait and a scam project can occur, so losses are inevitable. especially if all the capital is for the altcoin, of course regret will occur

podluznyj

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

I completely agree with you about bitcoin, since it is one of the stable and growing cryptocurrencies today, in principle, there are still quite a few promising altcoins that are worth investing in, but for this it is worth promonitor the market and find promising altcoins for today, there is also ethereum bnb, as for me, is also not inferior to bitcoin and has its own prospects for today, so the choice is for everyone

Shamm

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Actually we can't say that altcoins will end in the reason. Because altcoins now days have many projects which means they are becoming big. And also we can not deny the fact that altcoin have a good side because once we are investing in a good and trusted or let say legit projects then we can make more profit. But the bad aside of altcoin in my opinion once you will invested in scam sites and projects then you can't have your profit. So you will got loss.

abel1337

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FOCUS

Quote from: so98nn on June 09, 2023, 09:49:53 AM

I am gonna go ahead and say it’s quick profit. Nothing beats the profitability when it comes to investing your hard earned money. But when you are Bitcoin investor since long period of time you would know that Altcoin isn’t the right choice to put your money into. The risk is high, sometime we could see lot of profits in the alts and quicker too but that ain’t guarantee for us. Alts specially those with meme category or has no real roadmap of utility. Those projects are very profitable but are garbage and could either give a lot or take everything from us. Peeps are just trying hard to get more and more from such projects. They are trying their luck I believe.

Well this is true. Majority of altcoin buyers always has the goals for profit, let's say majority of who are on crypto are for profits. It's the truth and we can't deny it. Most of the millionaires on crypto made their fortune thru altcoins. We know how altcoin multiplies like crazy if it has a demand on it. We've seen it many times and there are people who are targeting to getting lucky on altcoins and became rich quickly. The trade off is there's a lot of risk if we compared it to bitcoin but yeah it's how you choose what altcoin you will buy on how much you will profit and how quick you can lose money.

so98nn

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I am gonna go ahead and say it’s quick profit. Nothing beats the profitability when it comes to investing your hard earned money. But when you are Bitcoin investor since long period of time you would know that Altcoin isn’t the right choice to put your money into. The risk is high, sometime we could see lot of profits in the alts and quicker too but that ain’t guarantee for us. Alts specially those with meme category or has no real roadmap of utility. Those projects are very profitable but are garbage and could either give a lot or take everything from us. Peeps are just trying hard to get more and more from such projects. They are trying their luck I believe.

fzkto

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Quote from: nesty on June 09, 2023, 04:27:06 AM

People show interest in investing in altcoins because it offers investors the potential for high returns on investment. Many altcoins have experienced significant price increases in recent years, making them an attractive investment opportunity for those looking to make a profit. Altcoins often have a unique features and uses cases that differentiate them from more established crypto currencies like Bitcoin. Some altcoins are designed to be faster than Bitcoin while others have specific applications in industries. Investing in altcoins can also be seen as a way to diversify one's cryptocurrency portfolio. By investing in a variety of altcoins investors can spread their risk and potentially benefit from the success of multiple projects.

I don't know of any such altcoins that have any real use. There are probably only a few such coins - USDT, ETH and probably Monero. The rest of the altcoins are created just to make money. It is not always, or rightly so, few people can make good profits by investing in altcoins. More often than not, people end up losing money.

nesty

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People show interest in investing in altcoins because it offers investors the potential for high returns on investment. Many altcoins have experienced significant price increases in recent years, making them an attractive investment opportunity for those looking to make a profit. Altcoins often have a unique features and uses cases that differentiate them from more established crypto currencies like Bitcoin. Some altcoins are designed to be faster than Bitcoin while others have specific applications in industries. Investing in altcoins can also be seen as a way to diversify one's cryptocurrency portfolio. By investing in a variety of altcoins investors can spread their risk and potentially benefit from the success of multiple projects.

JayTrain

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Investing in altcoins can be enticing due to the potential for quick gains during market rallies. However, it's crucial to approach these investments with caution as they often carry higher risks compared to established cryptocurrencies like Bitcoin.

Topic: why people are always interested in altcoins - page 11. (Read 4150 times)