Topic: why people are always interested in altcoins - page 19. (Read 4345 times)
I think, always the volatility and fluctuation that causes alts in general to attract such massive investments flow, that is because you could grow your investments capital within short amount of time and that could results in hundred folds of your initial investment value sometimes but there are also risk of losing your money which is significantly bigger than investing in coins like bitcoin therefore the reason why so many always gives fewer share of their investment in altcoins in general.
While Bitcoin is often considered a less risky investment, many investors are also drawn to altcoins despite their volatility and potential scams. Altcoins can offer high returns through pumping, which may be a reason why some investors are interested in them. However, it is important to conduct thorough research before investing in altcoins, as they carry a higher level of risk than Bitcoin. Altcoins may also be attractive due to their real-world use cases and potential for long-term growth. Each investor has their reasons for investing in altcoins, and it is important to consider individual risk tolerance and investment goals before investing in any cryptocurrency.
Because the alts have more room for exponential growth, but at the same time for great losses. If you are interested on a GEM I leave you $WOM from Wombat Exchange: a Stable-swap multichain DeFI with low Slippage, Great Yield earnings, and is low on MC (is not even in the top #1000) Is risky but it is having great attention in the social media
basic rule of thumb, when a coin have higher volatility it will certainly could give higher returns, this is what happening with altcoins in general, you're only risk of losing your insignificant dollars but you could have the chance of generating multiple folds of your initial investments, that's why so many are still interested in investing in altcoins despite all the scams that occured in altcoins but the profit outweight the risk so they'd still invest in it regardless, moreover it's usually faster in term of holding.
The desire for a high rate of return when investing in altcoins is part of the PR campaign of the marketers of various projects. Note that each project claims to be better and more modern than the other. But in essence they are all copies of each other. So people invest in altcoins trusting only the advertising, nothing else. No one is interested in a white paper, everyone wants a cool PR campaign. 
basic rule of thumb, when a coin have higher volatility it will certainly could give higher returns, this is what happening with altcoins in general, you're only risk of losing your insignificant dollars but you could have the chance of generating multiple folds of your initial investments, that's why so many are still interested in investing in altcoins despite all the scams that occured in altcoins but the profit outweight the risk so they'd still invest in it regardless, moreover it's usually faster in term of holding.
Appropriate. when you do have a higher risk, the return is commensurate, but we must realize that the conditions will not always be favorable, especially with the many projects in altcoins now, so the risk of loss is clearly much greater if we cannot identify a good project.It's just that if we are lucky, of course, as you said, the return will be far more than expected.
The problem is for people they only see one side only from the benefits but don't think too much about the risk of greater loss which makes them always feel cheated, even though it is the result of what they choose.
basic rule of thumb, when a coin have higher volatility it will certainly could give higher returns, this is what happening with altcoins in general, you're only risk of losing your insignificant dollars but you could have the chance of generating multiple folds of your initial investments, that's why so many are still interested in investing in altcoins despite all the scams that occured in altcoins but the profit outweight the risk so they'd still invest in it regardless, moreover it's usually faster in term of holding.
I think it's because more profits. I got 200 Solana from airdrop. After 6 months SOL price was near 200$ somehow. So basically I got 40000$ easily. but I sold it when it's around 80-85$. As my experience alts are good for make short term profits. But it's too risky.
If you hold it longer, you will make a massive profit. Mostly, this is the reason why they like altcoins. If you get lucky and invest in the right coin, you'll get a lot of profit in just a couple of months. It is more risky with a higher return. Also, most of the project won't last a few years as developers and owners will abandon it or it will just die. Altcoin also has a lot of scams, which are more risky, so you need to check the background of the owner and team behind it.
I agree that altcoins if chosen the good ones and kept for longer will make a person more money than Bitcoin because altcoins are easier to make or to get,either by mining like ZIL,ETHW,ETHF,RTM,DOGE and LTC to name the most well known one from mining but you can also buy them like Baby Doge,Shiba Inu which I think in the longer term will make a lot of people,or better the only people that hold them enough massively rich and I personally also own 30 million Shiba Inu which if they go to just 1 cent I will be having 300.000 dollars and this for me is enough reason to be interested in altcoins and try to add more and more to my portfolio so when the next bull run comes I will see some really great profit.
- Because when you invest in cheap altcoins and the value suddenly increases like what happened to the Shiba Inu, you hit the jackpot and suddenly you become rich if you buy a lot.
It's just that the risk is high, so you need to research carefully before you invest in altcoins, even I gamble on meme coins when I have the extra money in my budget. Because I have nothing to lose and it's only a small amount that can turn into thousands of money.
It's just that the risk is high, so you need to research carefully before you invest in altcoins, even I gamble on meme coins when I have the extra money in my budget. Because I have nothing to lose and it's only a small amount that can turn into thousands of money.
You have a higher chance of striking it rich by investing into altcoins than investing into Bitcoin itself. That's because altcoins are usually hyped by everyday people. But at the same time, they're an extremely-risky investment due to their highly-unpredictable nature. The first type of altcoins to go all the way down the drain are "meme" coins since they lack real use cases to the mainstream world. Then, others will follow if they're unable to deliver as promised.
You can either strike it rich or poor in an instant depending on how your play your cards. People who invest in altcoins are those who missed the Bitcoin train in the early days. There were many stories of early adopters who became rich after BTC went to the moon, so altcoins bring a fresh new opportunity to achieve limitless wealth. I'd diversify my investment into BTC and alts for complete peace of mind. As long as you don't become greedy in the end, nothing should stop you from achieving your dreams in the future. Just my thoughts
I think it's because more profits. I got 200 Solana from airdrop. After 6 months SOL price was near 200$ somehow. So basically I got 40000$ easily. but I sold it when it's around 80-85$. As my experience alts are good for make short term profits. But it's too risky.
If you hold it longer, you will make a massive profit. Mostly, this is the reason why they like altcoins. If you get lucky and invest in the right coin, you'll get a lot of profit in just a couple of months. It is more risky with a higher return. Also, most of the project won't last a few years as developers and owners will abandon it or it will just die. Altcoin also has a lot of scams, which are more risky, so you need to check the background of the owner and team behind it.
Maybe it's the hope that what they missed with Bitcoin (being one of the lucky people who bought some for cents and kept them) will repeat with another blockchain.
I don't think there will be another Bitcoin if we are talking about gains i.e cents then it will go up to $69k. ETH is the only closest thing that we have next to Bitcoin. People can try and invest more on it because maybe there are still more gains that ETH will make.Agreed. It seems almost impossible to invent something that is disruptive in a way that is comparable to Bitcoin hitting a pre-decentralization finance world. Still, you will find people who advertise their altcoin as if it was there to supersede Bitcoin, and who knows, maybe there are people buying into that narrative.
A more realistic way to think about it might be to consider the gain that Bitcoin might still be up to, and compare it to the gain an altcoin might achieve. This might be on par, who knows. Another question would be how many altcoins have even a chance to sustain.
Not everyone were lucky as you to enjoy big profit out of altcoins. It is true that altcoins give high profit and it is possible to see good list of altcoins that have provided better ROI than bitcoin. Same as the profitability the risk is high that in no time the investment can down to zero. Another thing we need to be lucky to receive airdrop as well as choose the right altcoin while investing, because not every altcoin gives such profit as the one mentioned above.
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.
In the hope of profit Alt Coins are invested in some tokens with the hope that they give huge profits, but many investments are lost even though Bitcoin has not pumped much for a long time the percentage is below If Bitcoin pumps big then others are almost like going to the moon Maybe that's why Alt This coin is preferred by investors as it has the possibility of profit as well as the possibility of loss.Alt coin As everything is aligned with Bitcoin, investing in Bitcoin is much less risky.But ALT invests on coins hoping for maximum profit.
I think it's because more profits. I got 200 Solana from airdrop. After 6 months SOL price was near 200$ somehow. So basically I got 40000$ easily. but I sold it when it's around 80-85$. As my experience alts are good for make short term profits. But it's too risky.
Not everyone were lucky as you to enjoy big profit out of altcoins. It is true that altcoins give high profit and it is possible to see good list of altcoins that have provided better ROI than bitcoin. Same as the profitability the risk is high that in no time the investment can down to zero. Another thing we need to be lucky to receive airdrop as well as choose the right altcoin while investing, because not every altcoin gives such profit as the one mentioned above.
I think it's because more profits. I got 200 Solana from airdrop. After 6 months SOL price was near 200$ somehow. So basically I got 40000$ easily. but I sold it when it's around 80-85$. As my experience alts are good for make short term profits. But it's too risky.
Investment in altcoins helps to give very high profits but it is very risky as altcoins are often seen as scams. However, if any potential altcoins can be invested in, it offers a higher return than Bitcoin and other coins. Investing in altcoins is not a bad idea but investing in altcoins alone requires thorough research. Which is not possible for everyone and because of this most of the people invest in altcoins and face huge losses
Altcoins have a very large risk with high profit offers, therefore when you want to buy altcoins you have to consider carefully because you can lose your money, but not all altcoins commit crimes like that. Bitcoin is an alternative to make a good investment and the price is currently very stable and suitable for buying.
It's just that the risk is high, so you need to research carefully before you invest in altcoins, even I gamble on meme coins when I have the extra money in my budget. Because I have nothing to lose and it's only a small amount that can turn into thousands of money.
The probability for this to happen is almost similar with hitting a jackpot in a lottery. Regardless, if you've landed into a legit project, but the chances for it to become popular to give a thoudand folds is as slim as purchasing a lottery ticket.
Well, we do have our own risk appetite, some loves to gamble with altcoins, but some just don't know what they've just bought as they're just following influencers blindly.
Bitcoin is the trust coin and in market over 10 years.But to inverse in Bitcoin,we need to inverse huge to get huge profit.If you consider the altcoin, it will be best for the less amount margin investors.We can start with 10$ as the investment to get more money from it.We can multiple money in altcoin with a certain time period.But it was need of more money in Bitcoin.So most of the people prepare the altcoin then the Bitcoin.
- Because when you invest in cheap altcoins and the value suddenly increases like what happened to the Shiba Inu, you hit the jackpot and suddenly you become rich if you buy a lot.
It's just that the risk is high, so you need to research carefully before you invest in altcoins, even I gamble on meme coins when I have the extra money in my budget. Because I have nothing to lose and it's only a small amount that can turn into thousands of money.
It's just that the risk is high, so you need to research carefully before you invest in altcoins, even I gamble on meme coins when I have the extra money in my budget. Because I have nothing to lose and it's only a small amount that can turn into thousands of money.
~~~ the reason is because of the high pumping..
One of the characteristics of altcoins is their high volatility, which allows individuals to potentially gain large profits instantly, but also exposes them to significant losses in a short amount of time. This high risk profile does not provide any guarantee of experiencing bullish trends all the time, as altcoins can also fall when the altseason comes to an end.Some individuals possess accurate insights and indicators, and are willing to place a large amount of money on their chosen altcoin. However, altcoins are not suitable for speculating or relying on luck. It is unwise to act recklessly with your money.
and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?
I usually buy altcoins with small transaction volumes for specific purposes, such as buying LTC to pay bills. Meanwhile, for altcoins with high transaction volumes like ETH and BNB, I buy just a small amount to hold. 
Investment in altcoins helps to give very high profits but it is very risky as altcoins are often seen as scams. However, if any potential altcoins can be invested in, it offers a higher return than Bitcoin and other coins. Investing in altcoins is not a bad idea but investing in altcoins alone requires thorough research. Which is not possible for everyone and because of this most of the people invest in altcoins and face huge losses
Altcoins have a very large risk with high profit offers, therefore when you want to buy altcoins you have to consider carefully because you can lose your money, but not all altcoins commit crimes like that. Bitcoin is an alternative to make a good investment and the price is currently very stable and suitable for buying.Jump to: