why people are always interested in altcoins - page 18.

2girls

sr. member

Activity: 1002

Merit: 254

Tontogether | Save Smart & Win Big

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

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

.
Yes the one of my reason to buy altcoin is high pumping but it is also high riskey
And my other reasons for buying Altcoins are:

Higher potential returns
Lower market caps
Greater innovation potential
Diversification

Psynthax

hero member

Activity: 2296

Merit: 504

Quote from: naikturun on March 17, 2023, 09:33:59 AM

because there are still many opportunities in a project where it is possible to give a high ROI if entered at the right time, I once participated in a move to earn STEPN project, and I got quite a high profit because I joined at the start.

greed, it's just matter of finding the right time to invest so that we could get the most out of it, there has been many histories of investing in altcoins and turning out to be life changing decision I think that's the main motivation that makes many invest in altcoins, because how it has the chance of turning your life around within shorter time.

trendcoin

legendary

Activity: 2184

Merit: 1131

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?

Yes, we think pretty much the same things, and I'm sure pretty much everyone here is thinking the same thing. Unfortunately, when it comes to making money, we cannot control our impulses and make mistakes like this. I don't have any altcoins at the moment, but when I open tradingview, I first look at Bitcoin and then immediately look at altcoins. I don't know how much longer I can endure this. Even if I don't make this mistake today, I might tomorrow or the next day.

carrie_white

full member

Activity: 784

Merit: 101

why are people interested in altcoins? of course the reason is because of the profit that can be obtained from investing in altcoins, when the market is experiencing a bull run, it's not just bitcoin whose price is rising, but many altcoins whose increases are even higher than bitcoin, but of course keep in mind high risk high return

naikturun

sr. member

Activity: 1190

Merit: 267

Undeads.com - P2E Runner Game

because there are still many opportunities in a project where it is possible to give a high ROI if entered at the right time, I once participated in a move to earn STEPN project, and I got quite a high profit because I joined at the start.

rhodelmabanal

full member

Activity: 1044

Merit: 103

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 think it is all because altcoins can give us a big profit when we are lucky on the particular altcoin that we choose many investors afraid to invest in altcoin because it is really risky me my self already experienced being scammed but im not stopping on investing altcoins because i know altcoins can make us rich if we choose the best.

Gayong88

member

Activity: 1540

Merit: 22

Yes, Market always provides various options for its users. for Altcoins or alternative cryptocurrencies always offer investors the opportunity to diversify their portfolio and potentially earn higher returns than traditional investments without having to invest in Bitcoin which can be very expensive.

In terms of reasons to buy altcoins, they can vary from person to person. Some may be attracted to the technology or use cases of certain altcoins e.g. The potential for high returns as a speculative investment opportunity. However, other people may see altcoins as a way to support certain projects or communities, of course, you have to be smart too, especially in seeing the fundamentals and the concepts going forward.

Dave1

hero member

Activity: 1302

Merit: 522

Quote from: Pterosaur on March 17, 2023, 04:14:07 AM

The end game is always Bitcoin, altcoin brings more dollars but they end game is to use the fund to buy more Bitcoin, there are only a few altcoins that are worth holding even when we are no more in a bull market, like Ethereum and Bnb, my wallet consists of more altcoins than bitcoin but I did this just for the profit, I plan to use the profit to acquire more Bitcoin.

Of course, all roads lead to Bitcoin no doubt about that.

But altcoins should have offer us better option as far as investment goes, there are like x100 altcoin return in the past. It's just hard to pick it up early and invest and keep holding until the bull run. So that could be the answer, people are still going for altcoins to have that gamble to get a good returns that bitcoin can't even get even in it's height of an all time high.

Pterosaur

member

Activity: 207

Merit: 12

Syntrum.com

The end game is always Bitcoin, altcoin brings more dollars but they end game is to use the fund to buy more Bitcoin, there are only a few altcoins that are worth holding even when we are no more in a bull market, like Ethereum and Bnb, my wallet consists of more altcoins than bitcoin but I did this just for the profit, I plan to use the profit to acquire more Bitcoin.

someone703

full member

Activity: 928

Merit: 101

Remember theory is only relative when we go into practice. I could make tons of profitable altcoins that only I could see,
but they were short-term deposits or later used to accumulate more BTC.
Anyway, I prefer BTC over altcoins in my portfolio, but the utilities or features needed to move the altcoin market are working.

slashz9

full member

Activity: 1554

Merit: 101

in my opinion altcoin can make a huge profit or income after you buy it, but it has a big risky too.
bitcoin will never make 2-5x in few month, but altcoin can make it in only 1 month.
so that the different, and also bitcoin already has a big marketcap,that too is a reason.

Pelana vreo

member

Activity: 744

Merit: 10

Syntrum.com

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?

Your opinion is almost the same as mine, I am interested in altcoins because the price is low, in 2018 I bought ETH and sold it in 2020, then I also invested in Dogecoin, but I sold it too fast and failed to get high profits when ATH was reached.

borovichok

hero member

Activity: 1148

Merit: 518

Quote from: Bay_Harbour_Butcher on March 16, 2023, 09:01:21 PM

In my opinion, altcoins have their own charm, it doesn't mean that investing in altcoins doesn't have risks, instead altcoins have big risks, but it's also worth the profit, because the movement of altcoins is much more volatile than bitcoin, so think carefully before buying altcoins

The altcoins are my main area of market speculation because I've made enough money from them, such as when I bagged them sooner than their bull season. Shiba Inu is also a part of the project that served me well and GMT made me smile. However, there are risks involved with investing in altcoins because not all of them have a reliable roadmap. While Bitcoin is a top coin, not all traders choose it because of the high volatility it adds to the market. As a result, altcoins are informed of daily routine daily because they are numerous in the space and each token has a seasonal dump and pump period.

Bay_Harbour_Butcher

full member

Activity: 728

Merit: 101

In my opinion, altcoins have their own charm, it doesn't mean that investing in altcoins doesn't have risks, instead altcoins have big risks, but it's also worth the profit, because the movement of altcoins is much more volatile than bitcoin, so think carefully before buying altcoins

abel1337

legendary

Activity: 2464

Merit: 1145

FOCUS

Quote from: bitkanu on March 16, 2023, 07:29:32 PM

despite all of the arguments im gonna say it that the main reason many are interested in altcoin because it could quite literally make you rich overnight, what else is there reason more valid than this, just with the prospect of investing short term you could already flip your money and gain thousand percents returns even with small capital which isn't quite possible enough with the other alternatives.

Possible but it's not easy as you think. There are many wonderful stories about people who invested on certain altcoins and got rich overnight. Those are fairy stories which is accommodated by a ton of luck. Those who tried doing this kind of fairy tail and risking all the way are mostly didn't succeed knowing the risk they put their money into. Of course you the token involved in this insanely high gains overnight is sh*tcoins which involved a lot of risk having it given that there could be a high chance that it will not rise in value. Not everybody has altcoin just because of this reason, There are some who are long term on certain altcoins which is safer than risking it on sh*tcoins.

Vaskiy

legendary

Activity: 2618

Merit: 1105

Tontogether | Save Smart & Win Big

Quote from: bitkanu on March 16, 2023, 07:29:32 PM

despite all of the arguments im gonna say it that the main reason many are interested in altcoin because it could quite literally make you rich overnight, what else is there reason more valid than this, just with the prospect of investing short term you could already flip your money and gain thousand percents returns even with small capital which isn't quite possible enough with the other alternatives.

It can make you rich overnight as well as go homeless in the same night. With altcoin investment the ROI is quite high than bitcoin at times. This doesn't work all the time as well as it works with specific altcoins. Here we need to be lucky or esle we should have the mind to keep on adding more and more different altcoins to our portfolio.

Always people want to have a diversified portfolio than holding bitcoin. Same as bitcoin, the top altcoins on the market can be trusted, but things like FTX could happen which is the riskier part.

bitkanu

hero member

Activity: 2184

Merit: 513

Moonbet.io | Web3 Casino

despite all of the arguments im gonna say it that the main reason many are interested in altcoin because it could quite literally make you rich overnight, what else is there reason more valid than this, just with the prospect of investing short term you could already flip your money and gain thousand percents returns even with small capital which isn't quite possible enough with the other alternatives.

kawetsriyanto

legendary

Activity: 2226

Merit: 1086

Free Bitcoins Every Hour!

Quote from: AakZaki on February 24, 2023, 03:09:37 AM

going up fast and down very fast too, altcoins like that are just altcoins used for pump and dump then they will disappear and be abandoned. A lot of meme coins have been hype with very fast returns but then rugpull. Instead of expecting ROI, the project just gets abandoned and dies slowly. The risk of altcoins like that is indeed very high, out of 100% who join, maybe only about 20% can succeed and make a profit. If you really want to get into altcoins, it's better to enter the top altcoins, but if you want to try a higher risk with big profits, a new project that is currently hype might be an option, but at your own risk.

Altcoins are always a high risk, that's why altcoins aren't recommended for investment if you don't have enough experience in crypto. Yep, the prices are easy to increase if there are the hypes, but it is easy to free fall once the hypes have gone. The perfect example is indeed meme coins, they rely on the hype to increase. But they have no strong fundamentals, they will easily lose value after the hype is over. It is the disadvantage of meme coins, but it is the chance to gain big profits, too. It is up to you to take the risk or not on such altcoins, but I agree that it is better to choose top altcoins. The top altcoins have more stable prices, they can continue to increase their values because they have strong fundamentals. For long-term investment, top altcoins should be the best option, kindly avoid meme coins or new altcoins with weak fundamentals.

cryptoresearcher2

newbie

Activity: 11

Merit: 0

Quote from: Ojima-ojo on March 16, 2023, 03:18:13 PM

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?

If you already stated that you like buying altcoin there is no need to ask any further questions about other opinions about altcoins because when it comes to altcoins it is better to do your own research and don't rely on the advice of others because most mainstream streamers are just influencers who are getting paid to promote coins.

And since you already mentioned how suitable it is to invest in Bitcoin instead of altcoin even though some investors consider altcoin to give high profits in short term compared to bitcoin which requires a long-term goal, the risk between BTC vs altcoins is high.

BTC is the most suitable for a long-term investment with stability, altcoin, on the other hand, is highly volatile and easily pumped and dumped so everyone needs to be careful with altcoins and it's not suitable at all unless you want to gamble with your money.

you are correct there is a huge money talks influencer culture that is cancerous in crypto.
I feel like it used to be less so in the past something really changed in the last Bullrun, all twitter accounts that mention a project are basically paid in the back end, very few are legit doing it because they like the crypto project.

Ojima-ojo

sr. member

Activity: 700

Merit: 429

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?

If you already stated that you like buying altcoin there is no need to ask any further questions about other opinions about altcoins because when it comes to altcoins it is better to do your own research and don't rely on the advice of others because most mainstream streamers are just influencers who are getting paid to promote coins.

And since you already mentioned how suitable it is to invest in Bitcoin instead of altcoin even though some investors consider altcoin to give high profits in short term compared to bitcoin which requires a long-term goal, the risk between BTC vs altcoins is high.

BTC is the most suitable for a long-term investment with stability, altcoin, on the other hand, is highly volatile and easily pumped and dumped so everyone needs to be careful with altcoins and it's not suitable at all unless you want to gamble with your money.

Topic: why people are always interested in altcoins - page 18. (Read 4150 times)