Topic: why people are always interested in altcoins - page 9. (Read 4345 times)
Altcoins offer high profit potential with little investment. Moreover altcoins fluctuate a lot, which allows investors to earn more profits in a shorter period of time. And during the bull market, the altcoin pumped a lot and the investor was able to get more profit. Investing in Bitcoin requires a large amount of investment but Altcoins can be traded with a small amount of investment. So investors are always interested in altcoins.
Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.
Even so, you still need to consider before deciding to buy a new altcoin,many new altcoins end up being scams so that risk has to be considered,
you need to do your research first and it's important.
That blindness really kills those people who believes that with one good luck it will turn things, if they will manage to pick the new coin that will bring them a huge pump then they will earn a lot, though in the search time frame with the money that they already spent, most of the time, those new projects turn into scam or didn't materialize and unable to bring them the result that they expect.
Research and make sure that you are not doing this trading as same as gambling with luck, but doing it with passion and intention to make good outcome with the right project to support.
I think trading shouldnt be like roulette, where your destiny depends on a spin. Research and a solid grasp of the project should underpin it. Its about building the future, not money.
Crypto trading requires assertiveness. It takes perseverance, patience, and fortitude. Support good ventures, acknowledge the dangers, and be committed to succeed. Its harsh love, but it'll provide long-term advantages.
High risk high return. That's what makes everyone willing to bet on altcoins. An altcoin can give up to 10 times the return in one year. BTC currently can only provide returns maybe around 10-50% in one year.
Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.
Even so, you still need to consider before deciding to buy a new altcoin,many new altcoins end up being scams so that risk has to be considered,
you need to do your research first and it's important.
they also know that high risk also allows high returns,
It is clear that these risks have been carefully considered.
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.
and what is not possible in this crypto. what is certain is that if you have more and more money, if you can, all the coins/tokens listed on the trading platform that we have listed are all there. I used to be like that too. meaning that if one of them goes down someone helps the other coin, for example a small pump. It's also called investment, you have to plant a lot if you want to harvest a lot.
Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.
Even so, you still need to consider before deciding to buy a new altcoin,many new altcoins end up being scams so that risk has to be considered,
you need to do your research first and it's important.
That blindness really kills those people who believes that with one good luck it will turn things, if they will manage to pick the new coin that will bring them a huge pump then they will earn a lot, though in the search time frame with the money that they already spent, most of the time, those new projects turn into scam or didn't materialize and unable to bring them the result that they expect.
Research and make sure that you are not doing this trading as same as gambling with luck, but doing it with passion and intention to make good outcome with the right project to support.
Allot coin is an unforeseeable future. This coin can make you a big man in few days. Again it can make you a fakir in few hours. So it has more ricks. Many people use this method to become big man.
True, it's best to rely less on blind luck than on sound judgment. As you said. It is true that some altcoins can generate huge profits in a short time, but there are no guarantees although in practice there are still people willing to take high levels of risk in the hope of maximizing their profits if we look at every trading platform. BTC the best option.
Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.
Even so, you still need to consider before deciding to buy a new altcoin,many new altcoins end up being scams so that risk has to be considered,
you need to do your research first and it's important.
Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.
Even so, you still need to consider before deciding to buy a new altcoin,many new altcoins end up being scams so that risk has to be considered,
you need to do your research first and it's important.
Yes. they are born almost every day. with various missions and goals. but, if it's clear and fundamental and many of my partners leave this, you can add it to the portfolio. Yes. but previously there was a point as you said we don't forget to do research first and this is important. But for BTC, ETH and BNB I don't think it's needed. it's very clear.
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?
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?
People are interested in altcoin is because of the possible pump and profitability they will be able to acquire. I disagree with you investing in bitcoin and other crypto currency is too risky. If you are not equipped enough knowledge you might lose all of your investment. Any investment has a significant risk. We need to do a research first before investing in cryptocurrencies because there are projects that would end up as scam and it is hard to risk your hard earned money. As an investor i like to buy also altcoins because of the possible profit that i will earn in short term. Many altcoins once they are listed the investors tend to pump and then dump the said coins to be able to take profit out of their investment.
To be honest, I'm very impressed with what NeonLink has been doing lately. It would be strange not to mention it.
Bitcoin is already an established coin and people who benefited are those that invested in bitcoin in the early days, so bitcoin has surpass an average man buy, most people are buying altcoins hoping to get the kind of profit in bitcoin in the future, so altcoin is good but comes with risk
Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.
Even so, you still need to consider before deciding to buy a new altcoin,many new altcoins end up being scams so that risk has to be considered,
you need to do your research first and it's important.
Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.
If they have many feature in the future then no need to long time for growth. You may know if you want long time invest then you should choice btc or eth because they have pure safety and no scam chance. Otherwise very risk altcoins for long time investment but top altcoins low risk.
True, the top coin/token in CMC good for reference to take it and has indeed stood the test of time from market price pressures. I don't deny it. If the BTC that you convey is yes. no more mistake. who doesn't want to have BTC in their wallet. but is there anyone selling their alcoins to turn them into BTC? and what I noticed was that many were selling BTC for the reason of asset diversification. especially when BTC is on the rise.
I can understand many people interest in altcoins and the potential for high pumping. Altcoins have gained popularity among investors due to their potential for significant price movements and the opportunity for higher returns compared to established cryptocurrencies like Bitcoin. Many people are attracted to altcoins because they see them as an opportunity to get in early on a project with promising technology or potential growth.
However, it's important to note that investing in altcoins can be inherently risky. The altcoin market is known for its volatility, and not all projects succeed in the long run. It's crucial to conduct thorough research, evaluate the project's fundamentals, and consider the risks involved before investing in any altcoin.
Everyone has their own reasons for buying altcoins. Some investors may be driven by the potential for high returns, while others may have a particular interest in a project or its underlying technology. It's always beneficial to hear different perspectives and learn from others' experiences in the crypto community.
However, it's important to note that investing in altcoins can be inherently risky. The altcoin market is known for its volatility, and not all projects succeed in the long run. It's crucial to conduct thorough research, evaluate the project's fundamentals, and consider the risks involved before investing in any altcoin.
Everyone has their own reasons for buying altcoins. Some investors may be driven by the potential for high returns, while others may have a particular interest in a project or its underlying technology. It's always beneficial to hear different perspectives and learn from others' experiences in the crypto community.
Because of profits.
If you want profits by investing in crypto then you should must be taken altcoins. I think altcoins without you haven’t any work from crypto market. Since when i was coming in the crypto market that was my target invest then profits.
If you want profits by investing in crypto then you should must be taken altcoins. I think altcoins without you haven’t any work from crypto market. Since when i was coming in the crypto market that was my target invest then profits.
Not only that, some people might like to see a small pump and keep getting interested, joining in and getting stuck, because they are not paying enough attention and hoping to go up again. This is the lack of a less fundamental Altcoin coin for me. I myself like the bright and resistant onslaught. Yes. of course. Currently, many altcoins are still cheap, but it will take a long time before they grow big.
It cannot be denied most of people who invest on altcoins is looking for a big PUMP and the another reason is there is so many altcoins who really has the good value, good product/service thats why we interested to put our money into that.
It's all about the money. Not because people truly believe in the technology. Altcoins are often cheaper than Bitcoin itself, making them a great way to explore the world of crypto without "breaking the bank" (especially "meme" coins). While there are zillions of altcoins being traded across exchanges, only a small few will survive for a very long time. That's because the vast majority of altcoin projects are hyped without bringing any real use cases to the world. You need to be careful not to fall into the trap, and lose all of your money in a "blink of an eye".
By diversifying your investment between prominent altcoins and Bitcoin itself, you could minimize losses in the long run. No one can predict the future, especially when crypto behaves in many strange and bizarre ways. Who knows how far altcoins will go? Just my thoughts
Ever heard of Ethereum or Cardano? They are not merely the poor man's Bitcoin but bring value through smart contracts and decentralized applications. They stand tall in their own right. Dismissing all altcoins as hyped up experiments is a rather narrow view. It's like assuming all that glitters is not gold because you found a glittery plastic bead once.
You're right about one thing though. Diversification can indeed act as a safety net against the volatile crypto market, reducing the risk of financial heartbreak. But let's not spread bitterness against the world of altcoins based on a few bad apples.
Bitcoin is the 1st and the king in the crypto space, so every other cryptocurrency is regarded as altcoins. The altcoin space is the playing ground for numerous innovators in the crypto space. A look at CMC shows that there are over 26000 coins/tokens trading in about 640 exchanges. This huge number creates excitement as well as opportunities for crypto enthusiasts to explore and trade their preferred tokens/coins. IMO, altcoins makes the crypto space exciting as new technologies emerge to disrupt the existing ones - for example, coins with low transaction fee being proffered to coins with high transaction fee, etc. So people will always be interested in altcoins.
There are some really good alt coins and chance of making it big is higher in Alt coins and the another reason is the gambling spirit or the lottery spirit is what's behind this behavior.. On the other side if the table it motivates unscrupulous element to make more scam shitcoins and fakes as well.
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