Topic: why people are always interested in altcoins - page 21. (Read 4345 times)
Due to the desire to make high profits, people prefer altcoins, that's all. Some altcoins can carry themselves higher in price, investors think that there is value in this risk. It also has to do with the total volume, if you have a high volume, you can move forward with slower movements in bitcoin by protecting your money, I still think that it would not be possible without altcoins, even if your volume is large.
And why we should hate altcoins OP? Because I'd never find it wrong to consider some potential coins for investment as they are worthy as well.
Because if Bitcoin gives us a profit, some altcoins do as well. It was just we need to choose value altcoins, not those new projects and shitcoins. Yes, they are a lot of them flooded on the market which is why we have to be cautious when choosing them. However, choosing those on the top 10 altcoins in the CMC will somehow give us profit assurance as long as we are patient enough to wait for the price rally.
Because if Bitcoin gives us a profit, some altcoins do as well. It was just we need to choose value altcoins, not those new projects and shitcoins. Yes, they are a lot of them flooded on the market which is why we have to be cautious when choosing them. However, choosing those on the top 10 altcoins in the CMC will somehow give us profit assurance as long as we are patient enough to wait for the price rally.
At last I wrote that it is about the price increases and the higher profit, that is possible. Of course, a loss is also possible, but look at the AI Coins in the last few weeks. Or look at 7d% in this overview: https://coinmarketcap.com/view/ai-big-data/ - The gains are big. This is one of the biggest decisions for Altcoins. Even it can go down a lot on minutes/days, bigger gains = bigger fun.
I think no one has ever mention the variety of altcoins vs bitcoin here. A person can create a Bitcoin wallet online and store only one cryptocurrency there. When a person can create BSC or ETH wallet online and store thousands of different altcoins there. A person has more options for investment, he is more flexible. A person hear about profitability of Bitcoin and he is not surprised already. But when he hears how might profitable a new altcoin is, he is more concerned about making an investment. Because he wants to be among first to invest, an early investor, to try to buy at low price. With Bitcoin you can be first one to mine or invest, first one to hold already.
That's certainly true, mate. There are a plethora of altcoins to choose from, each with their own unique features and economic model. You can earn a lot more profits with altcoins than Bitcoin if you know how to play your cards right. After all, altcoins are proven to be much more volatile than Bitcoin at times. Most people join the altcoin craze with the hopes of becoming rich quick. Since they've missed the Bitcoin train, they see altcoins as an opportunity to achieve large profits in the long run. Not to mention, there are some altcoins that airdrop "free coins" to users of an existing chain (like it was the case with the Bitcoin Cash hard fork).
While altcoin rewards are high, the risks of loss are higher too. You'd need to establish a balance between investing in altcoins and Bitcoin itself for complete peace of mind. If you know what you're doing, altcoins are for you. Otherwise, I'd suggest you only focus on Bitcoin as it's the one cryptocurrency that started it all. Who knows if 99.9% of altcoins die in the future, while BTC remains the "only kid in town"? Just my opinion
I think no one has ever mention the variety of altcoins vs bitcoin here. A person can create a Bitcoin wallet online and store only one cryptocurrency there. When a person can create BSC or ETH wallet online and store thousands of different altcoins there. A person has more options for investment, he is more flexible. A person hear about profitability of Bitcoin and he is not surprised already. But when he hears how might profitable a new altcoin is, he is more concerned about making an investment. Because he wants to be among first to invest, an early investor, to try to buy at low price. With Bitcoin you can be first one to mine or invest, first one to hold already.
That's certainly true, mate. There are a plethora of altcoins to choose from, each with their own unique features and economic model. You can earn a lot more profits with altcoins than Bitcoin if you know how to play your cards right. After all, altcoins are proven to be much more volatile than Bitcoin at times. Most people join the altcoin craze with the hopes of becoming rich quick. Since they've missed the Bitcoin train, they see altcoins as an opportunity to achieve large profits in the long run. Not to mention, there are some altcoins that airdrop "free coins" to users of an existing chain (like it was the case with the Bitcoin Cash hard fork).
While altcoin rewards are high, the risks of loss are higher too. You'd need to establish a balance between investing in altcoins and Bitcoin itself for complete peace of mind. If you know what you're doing, altcoins are for you. Otherwise, I'd suggest you only focus on Bitcoin as it's the one cryptocurrency that started it all. Who knows if 99.9% of altcoins die in the future, while BTC remains the "only kid in town"? Just my opinion
With my post I meant a bit different. It wasnt that people look for what is more or less volatile, compare what gives more or less profit, make decisions about short or long term investment. It was about Bitcoin being old and altcoins being new. Similar to stocks, some people prefer to buy reputed, old stocks like Apple, Microsoft, IBM and etc. While others buy small company stocks, like QUALCOMM that creates parts for devices like smartphones or tablets. Who would in 1991 think that we would have such devices now, and bought QCOM stocks when their prices was 66 cents. QCOM ATH was 2 years ago @ $180 price. People in 1991 could have invested in IBM and buy stocks @ $100, and sell them in 2021 for $130.
I think no one has ever mention the variety of altcoins vs bitcoin here. A person can create a Bitcoin wallet online and store only one cryptocurrency there. When a person can create BSC or ETH wallet online and store thousands of different altcoins there. A person has more options for investment, he is more flexible. A person hear about profitability of Bitcoin and he is not surprised already. But when he hears how might profitable a new altcoin is, he is more concerned about making an investment. Because he wants to be among first to invest, an early investor, to try to buy at low price. With Bitcoin you can be first one to mine or invest, first one to hold already.
That's certainly true, mate. There are a plethora of altcoins to choose from, each with their own unique features and economic model. You can earn a lot more profits with altcoins than Bitcoin if you know how to play your cards right. After all, altcoins are proven to be much more volatile than Bitcoin at times. Most people join the altcoin craze with the hopes of becoming rich quick. Since they've missed the Bitcoin train, they see altcoins as an opportunity to achieve large profits in the long run. Not to mention, there are some altcoins that airdrop "free coins" to users of an existing chain (like it was the case with the Bitcoin Cash hard fork).
While altcoin rewards are high, the risks of loss are higher too. You'd need to establish a balance between investing in altcoins and Bitcoin itself for complete peace of mind. If you know what you're doing, altcoins are for you. Otherwise, I'd suggest you only focus on Bitcoin as it's the one cryptocurrency that started it all. Who knows if 99.9% of altcoins die in the future, while BTC remains the "only kid in town"? Just my opinion
The reason is because the price of altcoins is very low in the market, which it can help both long traders and short term traders to invest a huge amount of money and hope for a bigger reward in future. Those that invested in Ethereum and binance last year when the price decreased more in the market, which even poor people can afford money to buy at the moment to hold because there is a great future ahead of those that invested in those altcoins. Since the price of Bitcoin has increased to $23,231, showed that the price of altcoins will start increasing to allow traders feel positive change in their investment.
altcoins provide greater profits because the percentage increase is greater than bitcoin, but of course we will also bear greater risks, but for favorite altcoins like bnb and eth I don't think there is any concern about keeping them for the long term. moreover, new altcoins that can easily increase by thousands of percent, of course, will provide satisfying returns, but it is not easy to find altcoins like that because there are many of them and of course they have a good roadmap 
The reason is because the price of altcoins is very low in the market, which it can help both long traders and short term traders to invest a huge amount of money and hope for a bigger reward in future. Those that invested in Ethereum and binance last year when the price decreased more in the market, which even poor people can afford money to buy at the moment to hold because there is a great future ahead of those that invested in those altcoins. Since the price of Bitcoin has increased to $23,231, showed that the price of altcoins will start increasing to allow traders feel positive change in their investment.
Because many of the altcoins are new which people have a chance to earn profit when it is fully running. Most people want altcoins for a chance for profit when they missed the bullrun before and didn't want to wait for another that's why they want to find another altcoins where they can earn profit when there are other things that they can do to earn profit.
yes it is because usually people buy new coins and indeed if the project is good and our predictions are correct then big profits can be obtained. but when the prediction is wrong then the loss is obtained. But after getting the profit, they usually run and throw it away. and that is why many people invest in altcoins and mostly for short term.
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?
for some people investing in altcoins, almost all of them have the same reason as you, which is to wait for the highest price or what we often call Go to the Moon!, this is where the climax of investing in altcoins is. but another reason because investing in altcoins does not require a large fee and can be adjusted to the unit price of the altcoin invested, by having a little capital we can get some good and potential altcoins.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?
With so many people becoming a millionaire after investing in memecoins, it's logical that there are people wanting to follow what has been achieved in the past. And all they do is just wait for the bull market. They didn't even expect to get that much but because of the hype and memecoins added to big exchanges, many will really believe it could also happen to them. You could say it's not just BTC that will make people richer with just 1k of investment. All it needs is the right timing.
always do your research before investing in altcoins,
because with that at least it can minimize the risk and that's important.
Because most of the altcoins come up with good use cases. Also, all the altcoins are following the bitcoin trend. If you know about the money circle, then you will realize this.
The money Cycle means how the money is going from bitcoin to shitcoins.
Money Cycle:
1. First institutional investors investing in bitcoins. If they have some profits, then it transfers to the altcoins.
2. If they have some profits on altcoins, then they will transfer that money to shitcoins. Likewise, it goes until the shitcoins.
my Other point is the percentage of profits in altcoins higher than the percentage of profits in bitcoins. So every investor trying to get big profits. So they are investing in altcoins. The major disadvantage of altcoins is they are not decentralized like bitcoins.
The money Cycle means how the money is going from bitcoin to shitcoins.
Money Cycle:
1. First institutional investors investing in bitcoins. If they have some profits, then it transfers to the altcoins.
2. If they have some profits on altcoins, then they will transfer that money to shitcoins. Likewise, it goes until the shitcoins.
my Other point is the percentage of profits in altcoins higher than the percentage of profits in bitcoins. So every investor trying to get big profits. So they are investing in altcoins. The major disadvantage of altcoins is they are not decentralized like bitcoins.
My main reason is bitcoin will not give me another chance to make bunch of money. You need lots of fund to make money from bitcoin while you can do that even with small amounts of money through altcoins. These days people were massively seeking profit from investing their money into the altcoins. i think that you shall aware that if the fact that if these days altcoins can give you more than bitcoin. Even if you were not a part of early adopters and you can still make like a few hundreds percents in less than a month which is good.
Altcoins have a wide variety of useful features and therefore potential investors hope for a good return on their investments. In addition, some altcoins in the first stage grow very quickly in price. There is a big risk of losing your investment, but also a big profit if the project is successful. Bitcoin already has a very high price and its further price growth in this regard causes certain problems. Therefore, there will always be interest in altcoins. 
Because altcoins can makes huge profits.
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Yes, they can make huge profits. Ethereum, Monero, BNB, and many others are good examples of how much alts can actually rise. And it's not over, these coins have the potential to go even higher. I guess each of us made some profit with alts, some a lot some less, but everyone caught at least one.
But besides making a profit I really like to use and explore some new projects and their coins. I am not a pure investor who thinks only about the profit, I like to support some projects simply by using it.
There are also a lot of promising altcoins although Ethereum seems to be the only one that is consistent for many years. Despite the risk, there are too many people like me that are willing to risk on some altcoins at the top or even the low market cap coins for the reason that they might do a x10 to x100 during a bullish season. It's been proven anyways, only that the chances are also slim, especially for the low-cap coins. We really need effort to do research and only risk a small amount of our overall portfolio.
Those people are willing to gamble with their money in order to earn multiple amounts of money than bitcoins if their investment was right and also they need to learn their lesson due to the fact of lots of influencers on Youtube promoting multiple altcoins. When they realized their mistakes, they will surely return back to investing in bitcoins or quit any engagement in the crypto industry. Most of the time, influencers drive them to invest in some shitcoins and when you are lazy enough not to do your own research concerning your investment, you likely fall into their traps.
There is a huge difference between the value of BTC and altcoins, and of course, people will buy much cheaper crypto and they will gain large sums of assets and the value will go much higher in the future. Investing in BTC is risky the same as an altcoin.
And investing in sh*t coin is much riskier but worth it if you the value sky-rocket if some whales add volume on it.
Because altcoins can makes huge profits.
For example
I brought RNDR when it's 0.2$ couple of months ago. Today it's 2$ worth. I got easily 1800$
For example
I brought RNDR when it's 0.2$ couple of months ago. Today it's 2$ worth. I got easily 1800$
Those people are willing to gamble with their money in order to earn multiple amounts of money than bitcoins if their investment was right and also they need to learn their lesson due to the fact of lots of influencers on Youtube promoting multiple altcoins. When they realized their mistakes, they will surely return back to investing in bitcoins or quit any engagement in the crypto industry. Most of the time, influencers drive them to invest in some shitcoins and when you are lazy enough not to do your own research concerning your investment, you likely fall into their traps.
I think no one has ever mention the variety of altcoins vs bitcoin here. A person can create a Bitcoin wallet online and store only one cryptocurrency there. When a person can create BSC or ETH wallet online and store thousands of different altcoins there. A person has more options for investment, he is more flexible. A person hear about profitability of Bitcoin and he is not surprised already. But when he hears how might profitable a new altcoin is, he is more concerned about making an investment. Because he wants to be among first to invest, an early investor, to try to buy at low price. With Bitcoin you can be first one to mine or invest, first one to hold already.
People are often interested in altcoins because they offer the potential for profit and offer an opportunity for investment diversification. The crypto market is known for its volatility, and many investors see the rise of altcoins as a chance to make significant gains in a short amount of time.
It's important to keep in mind that investing in altcoins can be risky, as many of them are still in the early stages of development and have a higher level of uncertainty and volatility compared to established cryptocurrencies like Bitcoin
Diversification is something you do with crypto and other assets, not within crypto. If you have 50% bitcoin and 50% altcoins, then it is not a true diversification, it's still diversification inside crypto itself, so it works and that's not a bad thing, you should do that and I am doing it too.It's important to keep in mind that investing in altcoins can be risky, as many of them are still in the early stages of development and have a higher level of uncertainty and volatility compared to established cryptocurrencies like Bitcoin
However, you shouldn't invest 100% into bitcoin, that means you are not really diversified at all. I personally prefer that if we could end up with a good return, then the best way to have a good return would be having multiple assets and one of the ways is to diversify your crypto and also diversify your assets all together so that nothing is too big.
People are often interested in altcoins because they offer the potential for profit and offer an opportunity for investment diversification. The crypto market is known for its volatility, and many investors see the rise of altcoins as a chance to make significant gains in a short amount of time.
It's important to keep in mind that investing in altcoins can be risky, as many of them are still in the early stages of development and have a higher level of uncertainty and volatility compared to established cryptocurrencies like Bitcoin
It's important to keep in mind that investing in altcoins can be risky, as many of them are still in the early stages of development and have a higher level of uncertainty and volatility compared to established cryptocurrencies like Bitcoin
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