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Topic: why people are always interested in altcoins - page 6. (Read 4345 times)

sr. member
Activity: 462
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The great city of God 🔥
For myself, why I am more interested in altcoins is very simple because I believe altcoins will experience an increase in price following Bitcoin, which increases in value over time, try to research from the first time they were created until now what can be learned from their journey, thereby growing the feeling of wanting to invest if we see growth over time. However, not all altcoins grow, sometimes some don't move at all, so you also have to be smart in choosing them
Yes one really need to be smart, not all altcoin are thesame consedring there market cap and the total supply if this factors are not considers one will eventually fall into rugpul. People always mistake bitcoin for some useless altcoin. Expecialy all this altcoin that Bear the the logo of bitcoin Making it look as if they have promising future like bitcoin. If you are not careful you fall to the wrong hands of scam project.
full member
Activity: 434
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Duelbits.com
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?
Generally the reason people invest in cryptocurrency is for profit and the believe it has better ROI when compared in percentage with that generated by others. The further quest for a higher and quicker profit had got people just like you to invest in altcoins because it's believed the volatility there is much when compared to that which is with Bitcoin and that's basically the primary reason although there may be other preferences too.
full member
Activity: 826
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Tontogether | Save Smart & Win Big
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?
Actually people trusted on BTC too much even it's not pump like the other alt coins but BTC is more safe from these coins specially we should focus on BTC up and down price from the past it's never be finish but on the other hand if we see altcoin it has some time 200 percent pump but suddenly it will down as well as if they give profit suddenly they give loss so in my opinion BTC investment is good investment at all
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CRYPTO WEB3 NEOBANK
Many people interest to invest in altcoins because Altcoins are cheaper than Bitcoin. Some of them start investing with small amount and altcoins are the fastest way to gain profit and loss in short time.


Many are interested if they see the value of their assets reaching thousands or even millions. So, it's natural for you to say that. On the other hand, if you buy BTC you only get 0.00 so much. If you already have funds, for example $18,000, you can only get 0.5 BTC... Wink

Yes. That's right, you have to be selective in choosing Altcoins if you don't lose money in a short time.
sr. member
Activity: 770
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Many people interest to invest in altcoins because Altcoins are cheaper than Bitcoin. Some of them start investing with small amount and altcoins are the fastest way to gain profit and loss in short time.

When we only have a fairly small amount of capital and intend to increase our capital in a short time then perhaps entering altcoins is indeed the best thing. Altcoins do have big risks. But Altcoins also have just as much potential. It's just that when entering an altcoin project we have to be the first to enter. There is a term that says buying during an issue and selling during an event.

Even though I focus on investing in Bitcoin, I also still invest a small portion in altcoins. Especially altcoins that seem to have a level of popularity or will see a trend that has the potential to be bullruned later, such as coins in the Artificial Intelligence category and others. It's just that when investing in altcoins we have to be observant in scanning information so that we don't miss a moment of increase or something like that.
sr. member
Activity: 1372
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PredX - AI-Powered Prediction Market
For myself, why I am more interested in altcoins is very simple because I believe altcoins will experience an increase in price following Bitcoin, which increases in value over time, try to research from the first time they were created until now what can be learned from their journey, thereby growing the feeling of wanting to invest if we see growth over time. However, not all altcoins grow, sometimes some don't move at all, so you also have to be smart in choosing them
full member
Activity: 1366
Merit: 107
SOL.BIOKRIPT.COM
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 reason I invest in altcoins is to potentially discover a standout project, a gem akin to Bitcoin, poised for future success. I consistently conduct research and investigations when I encounter intriguing altcoins. My motivation stems from missing the early days of Bitcoin, as I only became aware of it in 2017. I hold the belief that more legitimate projects in altcoins will emerge as gems, paralleling the success of Bitcoin.
sr. member
Activity: 554
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Many people interest to invest in altcoins because Altcoins are cheaper than Bitcoin. Some of them start investing with small amount and altcoins are the fastest way to gain profit and loss in short time.
legendary
Activity: 2996
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Leading Crypto Sports Betting & Casino Platform
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?

  That means there is still a real risk in Bitcoin, and that is the volatility that it has. That's why it is called a volatile asset. The only difference is that the volatility is higher in cryptocurrencies that are not in the top 30 in the market.

  Actually, even the others that are in the top 31–50 altcoins can still keep up with the Bitcoin rally; it really depends on the DYOR that each individual crypto enthusiast will do. They take risks because there are high chances that we can earn a lot if we choose the right crypto assets.
Of course, a low-rank market cap means low liquidity. if we buy/sell some asset that has low liquidity, the price will get more volatile.
People will research different things and will buy different crypto but what makes them different is how they manage to gain more users and we can expect more profit when holding it

By the knowledge and understanding that you cater during your trading investment, you will be able to locate good assets that have good market movements, all have that same desire when investing, they all wanted to earn and from that point of view, there's always a risk that accompanies your investment. Positioning or finding the right coin/asset is not as easy as it is, you need to look for each factor that affects the community and the development of the project that you use for your investment.

You need to work with your knowledge to have that confidence with whatever alt project you pick for your holdings, both long and short trades always need good assessment to earn benefits.
full member
Activity: 826
Merit: 117
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?

  That means there is still a real risk in Bitcoin, and that is the volatility that it has. That's why it is called a volatile asset. The only difference is that the volatility is higher in cryptocurrencies that are not in the top 30 in the market.

  Actually, even the others that are in the top 31–50 altcoins can still keep up with the Bitcoin rally; it really depends on the DYOR that each individual crypto enthusiast will do. They take risks because there are high chances that we can earn a lot if we choose the right crypto assets.
Of course, a low-rank market cap means low liquidity. if we buy/sell some asset that has low liquidity, the price will get more volatile.
People will research different things and will buy different crypto but what makes them different is how they manage to gain more users and we can expect more profit when holding it
member
Activity: 560
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Eloncoin.org - Mars, here we come!
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?

  That means there is still a real risk in Bitcoin, and that is the volatility that it has. That's why it is called a volatile asset. The only difference is that the volatility is higher in cryptocurrencies that are not in the top 30 in the market.

  Actually, even the others that are in the top 31–50 altcoins can still keep up with the Bitcoin rally; it really depends on the DYOR that each individual crypto enthusiast will do. They take risks because there are high chances that we can earn a lot if we choose the right crypto assets.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
The reason why people are interested in buying altcoins Is the same reason why you are fascinated by them, high profit on a short term. There are many altcoins to choose from but very few has reputation that is close to bitcoin. You should be careful about the altcoin that you choose to invest in because most of them floats pump, gather momentum and fades, eventually dies with investors funds. The profit is high, so is the risks.

My advice is if you want to invest in altcoins, go for a reputable one that has stood the test of time like bitcoin, example is Ethereum. I won't take the chances at quick profit to risk my money on just any altcoin that looks promising, because from people's experiences, it's not a very good investment discussion.

Altcoins are usually more profitable than Bitcoin because of their wild fluctuations in market price. New cryptocurrency projects usually implement experimental features not found on Bitcoin itself. Developers can put such features to the test without harming/affecting BTC in any way. Considering that BTC is open source, don't expect altcoins to disappear anytime soon. Even the first altcoin ever created (Namecoin) is still around with us. NMC may not be as popular as other coins, but its core Blockchain network is still alive and running.

The good thing about altcoins is that they reduce the burden on the main Bitcoin blockchain. More coins = less network load for BTC. Would you imagine Bitcoin being the only cryptocurrency in the world? It wouldn't be able to meet the demands of everyday people (due to being unable to scale to billions of people worldwide). Lets hope things stay the way they are right now for the sake of Bitcoin and Blockchain tech as a whole. Just my opinion Smiley
hero member
Activity: 994
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PredX - AI-Powered Prediction Market
Now people have become very interested in altcoins. Because many entrants into altcoins have managed to change their fortunes in a short period of time. In particular, there are ample opportunities to get into altcoins, even with a very small amount of money. With the opportunity to invest in altcoins with a small amount of money, now people are giving more importance to investing in altcoins with the hope of higher returns. But sometimes something different happens in altcoins where only investors are affected. There are some altcoin scam sites, it is never possible to profit by investing in those scam sites. To be self-sustainable by investing in altcoins, you need to choose a good side of altcoins or a legitimate project.
sr. member
Activity: 462
Merit: 355
The great city of God 🔥
Actually most people are always interested in some altcoin is because of the profit they can make within the shortest period of time. In as much as bitcoin is the father of Crypto currency I think many people have took advantage of altcoins pump. If you are pretty lucky to hold an altcoin and it boom I think you can take the advantage of it and make alot of bucks. Who knows maybe you might use the profit made to invest on bitcoin. I think many people were lucky to hold altcoin till it changed there Life thats why people diversify there potfolio. Just like Hunter will set trap for animal to fall in.
hero member
Activity: 3080
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First, they find Bitcoin as expensive already and that discourages them in investing on it. And the actual name of altcoins, is an alternative to Bitcoin and that's what they think suits them. Despite that many of the choices that they can get with it, that makes them more confident investing on it.

Out of 100% I invested 10% in Altcoins and 90% in Bitcoin. Bitcoin is the best investment for me.
People that likes to invest in altcoins should never forget to put to their stash and part of Bitcoin. But the mistake they do is they wholly get into the altcoins without investing back to Bitcoin. Yours is a good percentage mate.
sr. member
Activity: 532
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and I want to ask everyone what is your  for buying altcoins, is the reason the same as mine?
Just as you can get quick profits by investing in altcoins, you can face losses if you invest in altcoins without understanding the market. Many have profited from investing in altcoins, while many have suffered losses. Those who can analyze the market well can earn good profits. I once invested in altcoins for a quick profit, but ended up losing. I prefer to invest in Bitcoin. But apart from investing in Bitcoin I have also invested some amount in Altcoins. Out of 100% I invested 10% in Altcoins and 90% in Bitcoin. Bitcoin is the best investment for me.
sr. member
Activity: 1456
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Eloncoin.org - Mars, here we come!
People wants to buy altcoins more because they hope for higher gain and they think that may be this single altcoin can can their future. Altcoins possess the power to alter the fortune of holders because sometimes huge pump occurs and the holded altcoins move higher but sometimes the condition is totally different like an altcoins goes down forever.
Bitcoin can give you sure profit but altcoins are that asset which a person buy in worth of 10$ or 20$ and if the price goes up then there is a possibility that this mentioned percentage can be double of the invested amount and buyer will be in profit. Bitcoin is successful than altcoins but people think differently may be for them huge and quick return is only possible with altcoins therefore they usually buy altcoins.
sr. member
Activity: 434
Merit: 350
I don't know for all people but most of the one i have come across are only interested in buying altcoins caused of the profit they can make from it. People were  heavily into altcoins in my country during the last bullrun cause everything at that time turns out to be very profitable but as soon as the bear market kick in none of them are interested in buying or selling any altcoin again cause of the losses at that time, Only a few use it as an easier transaction of money across the globe and are still into it till now.
Buying alt coins when the market starts a bull run earns good profits.When you see the bullrun in the market, everyone becomes interested in buying altcoins.Many people want to invest in alt coins but I don't want to invest in these coins at present.Those who want to earn more at Short time can invest alt coins.I see some of my friends got good by investing in alt coin for limited time but seeing them I was also investing in alt coins but it was opposite for me.There are many people whose preferred coins to invest in are various alt coins.I don't focus on alt coins to invest right now I just want to invest in Bitcoin.
sr. member
Activity: 1680
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Eloncoin.org - Mars, here we come!
Profit! What else? Bitcoin has opened the route for altcoins and now there are many of them created on a daily basis, even as I write. When people see these new altcoins, they remember the story of Bitcoin, how it was undermined but it eventually kept growing from nothing to tens of thousands of dollars. It is no wonder I meet people who firmly advise me to buy an altcoin they just discovered because, for some reason, they think that it will be their own "Bitcoin" since they missed out. Today when people are advertising some new altcoins, they sometimes pitch the idea that it could blow up like Bitcoin.
full member
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People are often interested in altcoins because they represent alternative cryptocurrencies to Bitcoin. Investors seek potential higher returns, diverse blockchain use cases, and innovative technologies associated with specific altcoins.Additionally, the allure of early adoption and the possibility of discovering the next breakthrough project motivates individuals to explore altcoins.
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