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Topic: why people are always interested in altcoins - page 16. (Read 4351 times)

sr. member
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Investing in Bitcoin is low risk. On the other hand, investing in Altcoins is very risky. But still people are willing to invest in altcoins. Because people like to get hidden gems. Some altcoins pump 100% or more during a bullrun and this acts as a triggering factor to invest in altcoins.
hero member
Activity: 798
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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?

Everybody buys altcoins because of the promising future they have, only a few  truely goes for the product that this altcoins have to offer, the Rest are just there to profits from been in early.

You aren't alone, we all are here for the money. Bitcoin is gold but altcoins are diamonds and the more you have the higher your chances of pickings the right altcoins that'll receive the attention to pump.

Altcoins has more potential than Bitcoin and that's why we all invest in them. Many fail to reach that potential because of so many reasons but the few that finally reaches that potential, they make lots of investors rich.
member
Activity: 199
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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?
Because we all know that Bitcoin is one of the most suitable coins to invest in, but considering its price and other factors, many of us are not interested in investing in bitcoin. If there are good altcoins to invest in and if there is no tendency to deceive investors then investing in a few altcoins will be very profitable. Investing in altcoins as the Bitcoin bull market begins can quickly become profitable. But it is very important to remember about risks before investing.
full member
Activity: 546
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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?

If you have bought bitcoin in 2021 when the price was around 60k, you will understand better that bitcoin has high risk but it is less riskier when you compare them with Altcoins that can make you overnight and send you to the less priviledge with a single miss step. I like altcoins because of their high return and that is why you see people shill them to each other but nobody like the downside of them, so you must be very careful when yo buy them and exit when you have gather your profit, don't wait until you hit a particular zone because it is possible that price may never come again.
sr. member
Activity: 770
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what makes me interested in Altcoins is because it's only in altcoins that can make us have multiple profits in a not too long period of time. but the risks taken are indeed comparable to the opportunities or potential that we get. it's just that we have to be careful in analyzing. we must first analyze the fundamentals of the altcoin project that we are going to enter. some Layer 1 and 2 altcoin projects have very good potential sometimes. but there are also many layer 1 projects that end up failing. I personally always see who supports behind the ongoing project. and the project that I'm in is a project that if there are people with a good reputation behind the project.
sr. member
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There are lot of numbers of people who always needs high profits in returns probably 10x to 30x and i from what i understand mostly they are looking for a means of getting involved with such projects making them dive into any altcoin they found out without doing much investigation about those projects.Usually people gets enticed with higher ROI which is  mostly common with altcoin project,sometimes it comes to reality while most of them fails along the way.
hero member
Activity: 2366
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It's hard to make 100x gain from Bitcoin or Ethereum and 100x is enough to change someone's life for good, imagine investing a thousand dollars in an altcoin and the altcoins just shoot over the roof doing 100x that's 100k in dollars, this is the dream of every altcoin investors, but also altcoin has the most massive damage, all your money can go near zero.

You can still gain this profit in Bitcoin, but it takes time, like a year or so, by holding it, which is safer, but it is not like altcoins, where if you find a promising coin and invest in it, you can be doubling or more your profit because once it's listed on an exchange, you'll make massive profit on it within a week or a month, but again, the risks are high, which is why people loved it more.
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It's hard to make 100x gain from Bitcoin or Ethereum and 100x is enough to change someone's life for good, imagine investing a thousand dollars in an altcoin and the altcoins just shoot over the roof doing 100x that's 100k in dollars, this is the dream of every altcoin investors, but also altcoin has the most massive damage, all your money can go near zero.
sr. member
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There are many altcoins which have a strong fundamental and they are Ethereum, Litecoin and many more. These coins are doing good in the market and that's why people are interested in altcoins but we should choose top altcoins and avoid memecoins, newly launched altcoins. Though some memecoins doing good but not all are good to invest.
I agree that Altcoins can be a good source of profit if you invest wisely and choose the right coins to put your money into. However, the market has been unpredictable lately, so I'm not trading as much as I used to. I plan to buy more alts, such as ETH and SOL, and a few other coins that I see good potential in for the near future.

It's worth noting that investing in Altcoins can yield both significant gains and losses in the short term, which is why some investors are drawn to them. Even with a small investment, you can potentially earn a lot  Smiley
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Altcoins are where the real gains are been made, a 50$ can fetch you over 5,000$, and 1000$ in the right altcoin can fech you over 70,000$ easily, so there is no way people won't have more interest in altcoins to maximize their gains, many altcoins are a bad investment but you need to research to find the right projects with right fundamental and potential.
full member
Activity: 1526
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When it comes to investing, there is no better investment than Bitcoin. But despite knowing this, the main reason we have an attraction towards altcoins because there is an attempt to earn large amounts with relatively little investment. But the risk is very high. Investing in bitcoins can lead to losses but after a certain period of time they definitely will get all time high but in alt coins there is no such possibility. However, even if the top coins are highly trusted, there is a risk of being scammed. An investor has to decide what he wants to do.
If you invest small the risk will also be small but if you keep on doing the same thing and all you will get are mostly failures, the losses can still add up and looks huge if you total them all. If only those money are being put in Bitcoin that should already gave us a good income. Those altcoin risk takers needs to realize this and they must switch on Bitcoin now if they don't want to waste time and money.

A Bitcoin investor can only lose if they don't equipped their selves with knowledge. All time high doesn't only happen in Bitcoin but it's also possible in altcoin, most especially if that altcoin is legit. Top alts can collapse and some turned into a scam but I think the probability is low. This is still part of the risk when investing.
bitcoin is indeed the best for investing, if we have large funds of course bitcoin is the main choice for investing, but for those who have small funds and not enough for diversification, while wanting big profits, I think altcoins are the choice to maximize profits. sometimes many speculators choose new projects to invest in, even though they lead to gambling, but many people buy them, as long as they have good knowledge, I don't think it's too dangerous to invest in cryptocurrency
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There are many altcoins which have a strong fundamental and they are Ethereum, Litecoin and many more. These coins are doing good in the market and that's why people are interested in altcoins but we should choose top altcoins and avoid memecoins, newly launched altcoins. Though some memecoins doing good but not all are good to invest.
hero member
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When it comes to investing, there is no better investment than Bitcoin. But despite knowing this, the main reason we have an attraction towards altcoins because there is an attempt to earn large amounts with relatively little investment. But the risk is very high. Investing in bitcoins can lead to losses but after a certain period of time they definitely will get all time high but in alt coins there is no such possibility. However, even if the top coins are highly trusted, there is a risk of being scammed. An investor has to decide what he wants to do.
If you invest small the risk will also be small but if you keep on doing the same thing and all you will get are mostly failures, the losses can still add up and looks huge if you total them all. If only those money are being put in Bitcoin that should already gave us a good income. Those altcoin risk takers needs to realize this and they must switch on Bitcoin now if they don't want to waste time and money.

A Bitcoin investor can only lose if they don't equipped their selves with knowledge. All time high doesn't only happen in Bitcoin but it's also possible in altcoin, most especially if that altcoin is legit. Top alts can collapse and some turned into a scam but I think the probability is low. This is still part of the risk when investing.
sr. member
Activity: 1274
Merit: 457
Vave.com - Crypto Casino
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?
Altcoin investing is mostly due to the high volatility that may occur and the fact that one can buy large amounts for small amounts. That wouldn't be possible with Bitcoin as the numbers are already on the high side and it would be difficult to buy a large amount as the value is much higher than most altcoins.
Alt coin investment is also done for short time trading if you have less funds. Moreover, many meme coin hunters invest here. However, most of the scamming, crashing and other unwanted events are done through alt coins.  So people always avoid investment in altcoin because of the fear of losing their funds and choose Bitcoin for a safe investment.
member
Activity: 199
Merit: 59
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?
Altcoin investing is mostly due to the high volatility that may occur and the fact that one can buy large amounts for small amounts. That wouldn't be possible with Bitcoin as the numbers are already on the high side and it would be difficult to buy a large amount as the value is much higher than most altcoins.
hero member
Activity: 1498
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The reason behind the investment in altcoins is the same, all people are aware of the things that it provides high return but forget about the things that altcoins have no surety sometime altcoins fails to give you profit therefore it is to be noted that bitcoin also provides you higher return and through investment in Bitcoin you will have no fear about its dying. So whenever bitcoin become dump there is a hope that one day it will increase in worth and your money will recover once more but in the case of other altcoins we have no such surety. So people interested in altcoins because of its huge return but actually they prefer higher return and ignore about its risk.
hero member
Activity: 2128
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Leading Crypto Sports Betting & Casino Platform
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?
When it comes to investing, there is no better investment than Bitcoin. But despite knowing this, the main reason we have an attraction towards altcoins because there is an attempt to earn large amounts with relatively little investment. But the risk is very high. Investing in bitcoins can lead to losses but after a certain period of time they definitely will get all time high but in alt coins there is no such possibility. However, even if the top coins are highly trusted, there is a risk of being scammed. An investor has to decide what he wants to do.
sr. member
Activity: 1274
Merit: 457
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I don't have enough capital to invest in bitcoin, so I invest in alcoin, one of my favorite alcoins is the ethereum coin and the bnb coin, these two coins I still hold, I plan that after I release alcoin, I will switch to investing in bitcoin.
Your cause is One of the reasons for people using alt-coins.  I used to do that when there was a small amount। Of investment fund. Moreover, I think many people invest in alt-coin because of greed. But I think all smart people invest in Bitcoin. Currently I am only focusing on bitcoin for all of my investment because of it's securities after seeing this bear market and some incident.
hero member
Activity: 2268
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maybe the reason people prefer altcoins over bitcoin is that altcoins can go up to hundreds of percent compared to bitcoin maybe the risk of altcoins is very high compared to bitcoin which has a very low risk but altcoins can go up very drastically for example doge coin and other coins.
that's always the primary reason, it's better for short term investment but the downsides it's also carries risk of making you lose all your money instantly.
it's definitely suited for those seeking volatility for speculation.
sr. member
Activity: 1188
Merit: 251
maybe the reason people prefer altcoins over bitcoin is that altcoins can go up to hundreds of percent compared to bitcoin maybe the risk of altcoins is very high compared to bitcoin which has a very low risk but altcoins can go up very drastically for example doge coin and other coins.
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