why people are always interested in altcoins - page 28.

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Re: why people are always interested in altcoins

Profit.

Altcoins especially the low market cap ones tend to move faster than those altcoins at the top as they are easier to be pumped and dumped by the whales. People don't want to be bored and investing in Bitcoin might be boring for some as it moves slower than altcoin thus, they preferring to invest into altcoins than Bitcoin as their price move faster. Higher risk = higher rewards.

We've seen many altcoins that just went up and now at the top out of nowhere. Coins like Polkadot, ICP, Solana etc. Altcoins are way riskier than Bitcoin, but can give you higher profits than Bitcoin and that's the reason why people are always interested in investing into altcoins. Profitability.

Strongkored

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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 main reason why many still continue to buy altcoins and put them in their portfolios is because it also provides big profits and sometimes profits can be obtained in a shorter period compared to holding Bitcoin but the risk is very comparable to what will be obtained because we who own altcoins can see the assets become worthless and throw away the money we invested.

cryptoaddictchie

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Because if you pick a right altcoin the potential of profits is higher than bitcoin buy the problem here is the risk since its gonna be much harder if the project ha a slow wuality approach or doesnt have any much edge. Bitcoin is known to be establish which lacks on certain altcoins especially some shitcoins out there.

julerz12

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Most probably because the amount money you need to get into those alts are significantly low while it promises good ROI.
If I remember correctly some $SHIB OGs only bought their holdings for a couple of hundreds worth of dollars and turned it into millions worth when that shitcoin pumped.
Although, this isn't always the case as thousands of alts/shitcoins are also prone to drastic decline in value especially when the hype for it is over and people started dumping whatever they can into the market.

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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?

Many years ago when the firsts altcoins were created those which supported them actually believed on the altcoins in which they were invested and thought they had a chance to bring the market forward, but as the years went by this is no longer the case and the main reason to invest in altcoins evolved and it became on speculation, traders are looking to invest in assets which outperform bitcoin, and while rare there are altcoins which can do it and this generates a lot of interest on them.

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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?

I think the simple reason for all the investments in altcoins has the same goal and nuance to find big profits with minimal funding. Bitcoin is no exception, but between a small and risky investment fund compared to a large investment fund with little risk. It is a choice or launch portfolio in the right way.

Kgdktac

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Why people are always interested in altcoins?

Some people believe that they have the potential to increase in value over time, similar to how Bitcoin has risen in value since its creation.

Others may be drawn to the technology or features of a specific altcoin, such as faster transaction times or increased privacy.

Additionally, some people may buy altcoins as a way to diversify their investment portfolio, similar to how they might invest in different stocks or other assets.
I hope this helps

bittraffic

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It's for profit just as the reason you want to buy. During the bull market, it's not just BTC that is going up. The altcoins are also rising and if you believe some altcoins will have adoption like ETH or BNB then it's your option to buy.

Just like gambling, however, high risk and high rewards. You invest so you gamble your way because there are also altcoins that don't move an inch. Picking the top ones is what they advice.

Stella Mese

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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?

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