why people are always interested in altcoins - page 26.

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: Yatsan on January 27, 2023, 06:26:56 PM

One reason is lower market value which gives an impression especilly to new ones that it would generate bigger profit not knowing that buying a certain amount of Bitcoin would still be equivalent to another certain altcoin. The only difference is higher rate of increase on the market price of altcoins which are often higher than the big names in this company.Higher risk means higher profit so I guess the same principle applies; Bitcoin having a not so big of an increase but is having the biggest tendency to do so no matter what, while, any kind of altcoin which are not following the increase in n instant,will only have an increase if the name or the project itself created.

Not only that people are inspired by the returns of the altcoins but at the same time they are tempted to buy alts as they are so cheap and they think they can accumulate more alts and make more profit. While this might be true but we should know that the risk involved in altcoins is way higher than in bitcoin.
The altcoin may give you 5x 10x returns but it can even go to zero. With bitcoin may may get less ROI but we know that in the long run we will never be in a loss.

TelolettOm

hero member

Activity: 2086

Merit: 553

Leading Crypto Sports Betting & Casino Platform

Quote from: AakZaki on January 27, 2023, 04:44:19 PM

Bitcoins are for long term only and altcoins are for short term trades.

It depends on the situation. In my opinion, Bitcoin or altcoins can be short-term or long-term.
If you only target small profits, you can use Bitcoin for a short-term holding. Just imagine when you bought BTC at $17k, you can get profits now since it is already $23k+. But if you target bigger profits, you can hold for a longer time, probably until the bullrun season. Well, it is also applied on altcoins, but it is for the top altcoins only.

Quote from: AakZaki on January 27, 2023, 04:44:19 PM

People choosing Altcoins should be familiar with the character of each altcoin, and it is safer to be with the top altcoins and developments that are clear for the future. Don't just choose altcoins based on other people's stories.

Of course, people are brave to invest in altcoins because they know well altcoins.
I don't think top altcoins are safe enough, you must know what is happening with XRP. Although it is one of the top altcoins, the price decreased much because of the case with SEC.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

One reason is lower market value which gives an impression especilly to new ones that it would generate bigger profit not knowing that buying a certain amount of Bitcoin would still be equivalent to another certain altcoin. The only difference is higher rate of increase on the market price of altcoins which are often higher than the big names in this company.Higher risk means higher profit so I guess the same principle applies; Bitcoin having a not so big of an increase but is having the biggest tendency to do so no matter what, while, any kind of altcoin which are not following the increase in n instant,will only have an increase if the name or the project itself created.

lobo13hf

hero member

Activity: 2268

Merit: 507

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.

lalabotax

full member

Activity: 1582

Merit: 132

BK8 - Most Trusted Gambling Platform

Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

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

This is for those people who are willing to make long-term investments. Exactly Bitcoin is the best choice for investment, with fewer risks, and the one that will give a bright future for investment, always Bitcoin. We trust in Bitcoin so much because of how this crypto has been doing so far.

Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

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..

It may be more to their interest because of the hype so they are compelled to buy altcoins in the hope of getting very high profits based on the sweet promises from the team and their promotions. Or on the other hand, because they carry out trading activities, where altcoins prices tend to be cheaper, they can buy more altcoins. So their chance to take profits in a short short time may be high. What's more, usually people who play in futures trading also choose to do it with altcoins. Though it does have a greater risk.

Jackl87

sr. member

Activity: 1722

Merit: 269

Quote from: AakZaki on January 27, 2023, 04:44:19 PM

Bitcoins are for long term only and altcoins are for short term trades. The top altcoins with high volume will pay off a lot when we know how to exploit them. Every fluctuation can be used as an advantage. High risk but also with high returns.
People choosing Altcoins should be familiar with the character of each altcoin, and it is safer to be with the top altcoins and developments that are clear for the future. Don't just choose altcoins based on other people's stories.

I don't really agree with the statement, that Bitcoin is only for a longterm investment and i also strongly disagree that altcoins are only good for a short term investment strategy. Yes it is true, that you can generate higher profits while daytrading altcoins because the price fluctuations of altcoin projects are usually significantly higher than the fluctuation of altcoin.
It is also true though, that there are already dozens of very good and strong altcoin projects out there that should still do very well in the next 5 or 10 years and that are very much suitable for a longterm hold. I think that many of those altcoin projects have a higher grow potential than Bitcoin but of course the risk is also higher here to pick the wrong project.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: Cling18 on January 27, 2023, 12:10:45 PM

Bitcoin is a good and profitable option but altcoins could also be a good source of profit specifically the potential coins. They are also volatile but we can take advantage of them and earn from them in the long run. We can't rely on Bitcoin only because altcoins also offer an opportunity for us to earn. There will also be a big risk but good altcoins especially the top coins that are well-established are worth the risk.

Bitcoins are for long term only and altcoins are for short term trades. The top altcoins with high volume will pay off a lot when we know how to exploit them. Every fluctuation can be used as an advantage. High risk but also with high returns.
People choosing Altcoins should be familiar with the character of each altcoin, and it is safer to be with the top altcoins and developments that are clear for the future. Don't just choose altcoins based on other people's stories.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: Stella Mese on January 26, 2023, 07:32:08 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?

Well, there is only one reason why they still risking their money for buying altcoins and that is they believe that these coins can make them rich instantly. You can really imagine earning 1000x profit because of the developers who have said it? It is really tempting as I can see and this is what happens to most newbies. And if you also have this kind of experience before there is no reason why you stop it. Might we call it gambling but can't deny that many investors gain a huge profit from hyped projects.

jostorres

hero member

Activity: 2562

Merit: 586

Quote from: Stella Mese on January 26, 2023, 07:32:08 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?

The first reason everyone trade altcoins is the profit percentage which is higher compared to Bitcoin, unless you have a high capital. Your profit depends on your capital and the price of the coins/tokens you are trading. So with a smaller capital, it is more wise to trade altcoins to gain higher profits if you are a short term trader. Altcoins may get you chances to maximize your holding of bitcoin whereas bitcoin holding will help you to maximize your USD holding.

In short, with altcoin investment you may get chances to earn more BTC but with BTC investment, we cannot earn more BTC which might be one of the reasons why people always prefer to have altcoins in their portfolio.

kawetsriyanto

legendary

Activity: 2422

Merit: 1140

duelbits.com

Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

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

Investing in crypto coins is a high risk. It includes investing in Bitcoin, too. But it is true that investing in altcoins is riskier than Bitcoin because of some fundamental factors.

Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

~~ 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..

Actually, we have the same reasons, it is about the chance to get bigger profits. Cheesy

Everybody knows that altcoins are more volatile than Bitcoin. That's why it can increase more significantly than Bitcoin when there are pumps. But investing in altcoins is riskier, many altcoins are just hyped coins and have no strong fundamentals. Those weak coins can disappear or can drop their values severely at any time. So, be careful to choose altcoins to invest in!!

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: crzy on January 27, 2023, 03:47:49 PM

Bitcoin can’t handle everything and there’s a lot of good altcoins that can give more profit to you compare if you only focus with Bitcoin. Most of the altcoins serve its purpose and they are too good for this, many deal with them for the purpose of profit and that’s a good investment strategy. Cryptomarket offers a lot of opportunity and possibilities, you just have to create a good strategy, diversify your investments and make profit out of it.

This is true, many are interested with altcoins because sometimes its more profitable compare to Bitcoin and it happened already with some of the altcoins during the bull trend. Altcoins are good as well especially for the short term goal of the investors, I honestly prefer Altcoins for my trading while Bitcoin as my holdings. We have to diversify always, and grab every opportunity as much as possible because this market can offer a lot of options.

crzy

full member

Activity: 2128

Merit: 180

Bitcoin can’t handle everything and there’s a lot of good altcoins that can give more profit to you compare if you only focus with Bitcoin. Most of the altcoins serve its purpose and they are too good for this, many deal with them for the purpose of profit and that’s a good investment strategy. Cryptomarket offers a lot of opportunity and possibilities, you just have to create a good strategy, diversify your investments and make profit out of it.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: Xxmodded on January 27, 2023, 08:20:41 AM

Possible huge profit I think reason why many people priority investing in altcoin than bitcoin, I don't sure with manipulation or hype with altcoin but low budget and huge profit earn this main reason why altcoin is priority for investing. Don't forget with altcoin have huge risk, actually huge return will having huge risk due many time altcoin price drop drastically.

Talking about long term investing in altcoin have huge potential profit after seeing many altcoin price drop under $1 last several years and today have been reached above $50 until $100. But many time wrong choose when investing in altcoin after few days price pump and lately drop drastically until potential delist on market.

Aren't these people aware that BTC has the potential to pump up to $100k, $500k or even $1m? There are several threads about this before, so why will they believe on something which are risky and not guaranteed? Hmm. He is right that manipulations can happen most of the times in altcoins and tokens especially if that was a small coin or also a centralized one.

There are people who are after these manipulations thinking they can be rich instantly so they invest but those manipulators are much more wiser than them. This why many of those who invest on a pump and dump coins have lost a lot of money. If there is a good coin for long term then that would only be Bitcoin not altcoin.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: DeathAngel on January 27, 2023, 09:12:45 AM

People buy altcoins because they’re a lot cheaper than bitcoin & even though it’s a lot more risky to buy & hold centralised alts, they can bring bigger returns than bitcoin. It’s not something that I am particularly comfortable doing but some people risk it all in alts.

I find that avid altcoin investors are very interested in fiat profits which is different to a lot of bitcoin only investors. Many of the latter believe bitcoin could become very important in the world of finance, maybe a means of moving money for global trade or even the world reserve currency in years to come. I don’t think for example, Shib investors think that’s possible with their token.

Do your own research & be careful out there.

I think it is quite controversial topic. After all we are talking about something that could bring in a lot of trouble to people if they keep doing it, and that is why I believe that we are not going to see so much of it praised here, because only like one out of a thousand projects end up with a profit if you want to invest into altcoins. Look at how many coins and tokens out there, over tens of thousands of them, and look at how many actually made money for the investors.

This is why many people prefer bitcoin, because we know that one will go up, maybe not 100x, but it will go up. So, either you pick something that will go up a little, or you pick something that may go 100x or bust. That's a big risk and nobody could suggest it.

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: Stella Mese on January 26, 2023, 07:32:08 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?

In my experience and what i see, there are many reasons people buy altcoins.
Diversifying their portfolio and they don't want to miss the high pump opportunity that is happening to some altcoins.

Then there are also newbie who are just trying to get to know cryptocurrencies and they try to invest or trade with altcoins that are still affordable.
Beginners sometimes do a lot to practice before they try to invest or trade with Bitcoins.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: Stella Mese on January 26, 2023, 07:32:08 PM

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

Personally, I don't rely on massive pumps when investing in altcoins. I look for the unique features and benefits they guarantee to holders, while also checking their backgrounds, history, who is partnering with them, what are their plans for the future. If we invest in an altcoin solely for its speculative purpose, we will be gambling, so I don't consider it an investment anymore. A minimum or predictability and expectations are needed when making an investment, even inside crypto market, which is well known for its volatile nature.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

On this, I've a friend who has invested so much in this industry but has stylishly left Bitcoin out despite my emphasis to him that Bitcoin was a must have. In his conception – Bitcoin doesn't give me much profit as altcoins do. He's right. The major thing that makes a lot of people invest in Bitcoin is because it's the most guaranteed coin not to scam or disappear into thin air. If you talk of ROI, just give it to credible alts (one has to be extremely lucky to get such anyway). Take for instance, invest the same cash it will cost you to buy 1 BTC into an alt like BNB or Shiba. By the time Bitcoin moves $5k, go figure out what any of those Alts will be.

visionE2

full member

Activity: 616

Merit: 118

the key is diversification, it is important to have altcoins in your portfolio, but it is also highly recommended to have altcoins that have strong fundamentals with great potential as well. If you succeed in implementing it, it will make you profitable, because there are so many Atlcoins that don't last long. If you are unsure about investing in Atlcoin, my advice is don't buy Altcoins. Bitcoin is the smartest choice.

MinoRaiola

legendary

Activity: 2310

Merit: 1848

So longer you are in crypto, more altcoins you has seen come and go. For many it is gambling: Who will find the new jewel? Who has been there from the beginning? And the control of the portfolio and the prices increases is no longer so extremely possible with bitcoin… in the short term. An investment in a coin that one finds interesting is secondary. Managing a portfolio like a collector, is also a nice occupation for many.

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: Stella Mese on January 26, 2023, 07:32:08 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?

Simple reasons, altcoins are much cheaper and the profits will be much greater if you'll be lucky enough to ride the wave and to be patient waiting for it. Same as bitcoin, altcoins are also good for holding long-term but let's say like 5 years before you start on thinking if you'll sell some part of it or you will continue to hold as you got some feeling that it will still increase up to 10x in the coming future. Just a disclaimer, not all altcoins are profitable.

Topic: why people are always interested in altcoins - page 26. (Read 4345 times)