Bitcoin Forum

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

it is inconvenient to use bitcoin, 2 hours transaction

Bitcoin being the first crypto coin to exist had a lot of mistakes which some of this altcoins tried to address, bitcoin was initially created to solve money transfer issues which comes with hefty fees and delays that some times take more than a week for the person on the receiving end to get it, bitcoin promised to solve all this issues which it sure did, but not fully, cus along the line, as more people began to discover and use bitcoin, the network became too congested which caused transaction fee to go extremely high and transaction with low fees gets stuck in the blockchain for weeks without confirmation, this issue gave birth to some of the altcoins we see and use today, and bitcoin itself has been shifted from being a coin for day to day transactions to a store of value, this means people are buying and holding it as investment, and this is why it's highly valued today.

Altcoins are the solution when the Bitcoin network starts to run into problems. From this, Ethereum emerged with a network development that was considered a solution. When the Altcoin named Ethereum managed to attract many people, then another Altcoin appeared with the main goal in my opinion being positive to solve the problem.

You can make the transaction instantly and it may get confirmed in the next 10 minutes itself if you have used the highest fee, and in 30 minutes if you have used the recommend fee or it may take few weeks if you have used too low value.

@OP, greed drives the people to create such projects and investing on them as well.

Well, this is very simple. Altcoins should be an alternative to BTC, whether for sending or receiving coins, anonymous use or even storing value, Altcoins were created for this purpose. Nowadays there are many alternatives so people end up getting confused, if you don't look for financial results, it's easy to filter the Altcoin list. Most people see this market as a financial opportunity, which ends up creating more confusion and requiring more research.

True, now many Altcoins have been born to deal with the problems of cryptocurrency users in general, but if we examine in general, the concept is almost the same even though the name is different, such as the example between ETH and BNB, where both of them are developing their respective networks, namely ERC20 (ETH) and BSC (BNB).

There are bitcoin maximalist, and there are investors who played on both market, nothing is wrong with that.

As far as profit making, altcoins returns could be higher, obviously as the price of bitcoin can't be afford by average joe and there are investors that chooses altcoin and they can invest and play around and in return could make tons of profits.

I agree that it is a messy market, but it is free, open to everyone and trading is 365/24/7, so nothing can be done here. It's either you win or lose depending on your trading strategy.

Not all bitcoin folks are happy to invest in altcoins. If you haven't heard of those types of investors, they are the bitcoin maximalists. They don't have any intention of investing in altcoins and they're all good at owning bitcoin only.

Bitcoin is a cryptocurrency and if you're thinking about what you should do with altcoins. You take note of them whether you like to ignore them or not.

It becomes more popular whenever a big wave comes. Coders just probably want a piece of the pie and there are always those who will use the storm for their advantage.
ICO, that happened when bitcoin surged. IEO, DeFi and NFT. It's not that they helped Bitcoin be on the spotlight but it's because of them that Bitcoin is being seen more by the public as the best way to invest rather than risking high with newly minted coins. Where there is money, thieves and scammers are going at the same direction.

altcoin is just an option for everyone who really want to earn profits despite of the situation.. That's why some investors seeking for a new investment when bitcoin is struggling in the market because on that way even small profit is okay at least there's an income..  Indeed there are some good project nowadays that promising even trusted crypto in the market are not.  All i can say is it depends if you really don't want to miss the opportunity to earn even the market isn't fine. Because market is full of opportunities so it depends on you how to manage it.

We can still allocate assets to cryptocurrencies without a problem and we can choose to invest in bitcoin or altcoin. But you should use bitcoin for your main investment and use altcoin for a secondary investment. Bitcoin can work as a short and long-term investment but altcoin will be good for a short-term investment. If you see the altcoin start moves to the high price, that will be the sign for you to sell your altcoin and wait for the next downtrend to buy the altcoin again. The altcoin can give you a profit besides bitcoin, so if you have potential altcoin, you can expect to profit from the altcoin.

I agree with you. I would also personally choose Bitcoin as a main investment then make altcoin a secondary choice for investment. Of course, in choosing what altcoin to invest with, I must research on what is the coin that has the most potential of producing profit so I could maximize the opportunity. Some might see the crypto industry as messy because of the numerous coins and projects existing and being introduce, but this is just a diversification that also present diverse opportunities.

The total coins/tokens on coinmarketcap currently reach 10800, this makes us confused, every day there are dozens of new coins listed on coinmarketcap, the ease of making coins makes anyone free to make coins, of course this must be immediately regulated with strict regulations.

Maybe for the altcoin, you can select the top 50-100 altcoin list not to feel it is too wide to analyze. You can get more than 3 potential altcoins that you can select to buy but always analyze before deciding. Yes, we need to diversify our investment and have bitcoin, but altcoin can also profit, so I am sure we can get additional profit by selecting the right altcoin. When we can have more than 5 potential altcoin lists, that will give us more profit later.

People are attracted to new things and things that can make them earn money easily so investing in new coin is what they do. It's actually not that messy if you do know where to look and if you chose to ignore scam coins.

Few altcoins solve real problems but most of them are mainly to grab BTC from traders. So if you still want to invest in altcoins, you better pick the right ones because you don't wanna experience what Mark Cuban had just recently. I've joined bounty for altcoins before and tried to hold them thinking they are going to have good values in the next few years but with BTC drop a little, the altcoins I've held quickly dumped it all leaving me pennies.

If you have the chance to sell while you are profiting through them, sell the coins.

It all depends on personal preference based on various research that what our own should be done. If you look at the recent big drop in the markets, altcoins have taken a greater hit than Bitcoin. Most of them are having such a huge drop, it's not a surprise though cause they all have a lower market cap. Nevertheless, Personally, I rather allocate my funds to stable coins and watch how the market move/reacts, then I decided whether there is an altcoin that is worth buying for.

You don't need to panic and overdo it, you just observe the market carefully, towards new altcoins, need knowledge, research and information about current crypto, considering the number of altcoins that have sprung up.

You do what you believe in, don't be influenced by what other people say about something new (Altcoins), it's times like this that one must analyze carefully which ones are good and bad, Thus you will have a principle for yourself in judging.

Altcoins are rampant and more and more new Altcoins are born every day, Some are shit coins and some are useful coins.
Basically Altcoins are born to solve problems on Bitcoin or on popular Altcoins that have existed before. But there are also those born for personal gain and defrauding investors.

The development of Bitcoin has brought a lot of benefits. People will see the value and there will be new altcoins constantly being issued.
The short-term rate of return of altcoins is relatively high, and people will choose to invest in altcoins for better and higher profits. However, the investment risk of altcoins is very high. Before investing, it is necessary to conduct market analysis and observe market price changes before deciding whether to invest.

you can, because you are free to make the decision to buy altcoins or not. but the problem now is that the altcoin market is too messy. too many altcoins have been released with no definite purpose. no real use. and all that only makes altcoins seen as shitcoins. that's why many think it's more profitable to focus on bitcoin than try their luck by buying one of the altcoins.

I invest not only in Bitcoin but also with several altcoins. The reason is that we can't just put a hundred eggs in one basket and that we need to spread for security assurance (or at least). We don't just close our door and focus on a single investment, as once you are spreading to more coins, that will also give you a chance to gain more, that is my market perspective.

We can't clean this mess so easy nor we have a chance as the scammer will create hundreds or thousands of fake projects just to scam innocent individuals. It needs market regulation but to ask who will be taking charge of this? The government?

but the potential altcoins that are in the top market are very helpful for good market adoption. especially for a new altcoin market asset which of course creates good hype for the crypto market.
all need each other in the crypto market. old bitcoins and altcoins also need new assets to make market movements interesting. most of the top market asset holders are holders waiting for bull momentum to come. while new altcoins are very attractive for short trades.

Well said. I think that all of these coins that are now currently existing, and those that will exist in the coming days, will help and balance the movements in the market. And I could not agree more that although many coins are attractive for short trades especially with such hypes accompanying its growth, caution must be observed.

Most of them are.

I agree that some of them are useful because they are making their coins to be useful with such platforms that they create. In that case, they create the coin useful through incentivizing it and making it as the sole token to be used for their made platform dedicated for it.

But they'll never be able to beat bitcoin.

- The regulation of the market is relatively lax while investor demand for projects is great, they love to feel the projects in their hands rise to the moon and that also becomes an opportunity for many altcoin scams to jump in. But that's just a small part, some of the rest is just no promise of the future, we shouldn't lump them with scams. Produce more altcoins, the benefits are also on the side of investors when the smell of danger will stimulate the instincts of old altcoins, we will have two opportunities from new and old projects

I think the altcoins that are rampant now in the market are SLP, AXS, and DPET, because I saw that 3 ago only their price value in binance
exchange platform was extremely impressive. I witnessed how they moved fast they are very volatile actually. Aside from these two, these are only example of the altcoins that are rampant. And probably, they are rampant because they are a huge community supporting the crytpocurrency business here in this industry.

Bitcoin was created only as a peer-to-peer payment system as an alternative to the existing fiat money payment system. But in recent years, new opportunities for cryptocurrency began to appear en masse, and therefore altcoins with various specific functions appeared and the cryptocurrency began to develop further. Therefore, now we have about 10,800 different types of altcoins. Of course, many of them are useless, duplicate or simply fraudulent, but the process of their development generally continues. Bitcoin alone would not have been able to cope with such a variety of functions, so altcoins will continue to grow and develop quantitatively and qualitatively.

That is one truth known to us, people that are not so invested with bitcoin think this was the easiest way to make money off bitcoins success by providing cheaper alternatives to btc with altcoins...but truth be said we have a long way to altcoins too struggle to make the numbers let's not be deceived
 

Why altcoins are rampant in the market? It's too obvious because Altcoins is the dominant number in the crypto Industry they are tons of altcoins in the market nowadays. Let me remind you that any other coins/tokens aside from Bitcoin are called Altcoins that's why it was very rampant because they are too many. Anyway, the truth is we cannot restrict any developer to create another altcoin because the market is open that's why altcoins are flourishing so much. On another aspect, I believe it is not messy because it only shows that the crypto industry is continued to develop further.

I'm not worried about this rampant of altcoins. Ethereum 2.0 was launched. What was the purpose? Ethereum demand is much higher but Ethereum is slow, the same time BSC, Tron show us the future. New technology, TPS, and features we need even though we don't care if old altcoins died in this bullrun. Another point of view is "Choice". We all don't like to use the same blockchain because we have different views.

Altcoins are here to stay because they give the opportunity to all those investors who do not have so much economic capacity. Altcoins allow that with a small amount of money you can access the world of crypto and grow from that first investment. I started with a very promising currency like DIVI, because really their project and their community are very accessible and they really make crypto very easy for everyone.

Depends. If I personally want to allocate it, then I will choose Altcoins that I think are good, such as Ethereum and BNB. Only for these two Altcoins (Ethereum and BNB) I dare to do even though no one can predict market conditions with certainty.

allocating assets to cryptocurrencies is very important using the perfect pattern or translating alcoins with the right predictions, the extent to which we are able to know the alcoins themselves, lest we buy alcoins that are unstable in the market
Concretely, we must know and be able to analyze all the alcoins we want to allocate, lest we be fooled by cheap prices but we cannot use them in the specified time period, finally our assets survive and we cannot use them on other coins whose prices are rising and stable in the market. market

Some altcoins have a relatively stable value even though the price of BTC is falling. That is why it is called an alternative coin from BTC. The ups and downs of the crypto market made many people panic and the market became even more chaotic with many people selling low priced crypto. Therefore investing in crypto can be profitable and also risky if we can't manage it properly. It is important for us to be able to choose good coins and also manage them well in order to avoid big losses.

There is a limit to that as well, you can't just suddenly realize there is a coin, you need to see it exist from somewhere, it could be some other people it could be twitter it could be news it could be anything basically but you should be able to know that it exists and that is what makes it good.

I personally believe that we are in a situation where if you do not check anything at all then how could you learn about a new coin? That is why you should "listen" to what others are saying but not in the sense that you should do what they are telling you to do, you should only listen to these people about which coins exist and learn about them, then you could take that information and then do your own research on top of that, that is how you could make a profit and get richer.

Understandably it is not going to be easy to not get tricked into believing a coin is awesome, but if you just learn it exists from others and then study yourself you could get something good.

Simply because there is money to be made from creating tokens. I have been part of many projects and I can tell you that it is a risky business, the money is there in "revenue" because it is almost guaranteed that you will make money from creating a new token if you have the capital for it, if you can spend 50k dollars on creating a new token (which you do not need to, it could be as cheap as few thousand dollars) then that means you could make it back if you are a bit of lucky and if you are reaaaallly lucky you could make millions of dollars from it.

That is why I really doubt that people will stop making new altcoins, it is going to be constantly more and more and that is why I think there are thousands of them in total. It is not something we could just simply ignore that easily, we just have to accept that people will try to find the quickest methods to make money and abuse it.

Go the year of Ethereum launched, but now Ethereum blockchain can't handle all of our expectations of its limitations. We should be ready to accept new technology for our future. I like this current situation because so many altcoins are making hard competitors in the crypto world.

What unique use cases are there for the Altcoin? try to explain in full so that people can know any actual developments because now knowing the developments on each Altcoin is also a bit difficult.

As if the earlier cryptocurrency was creating their own  :D, majority of the cryptocurrencies in the market are a fork of Bitcoin and all they did is to change some updates in the name and the rest is copied from the Bitcoin code and still some of the coins are a billion dollar market. Right now the token market is the trend and anyone even without the slightest skills to edit the code and have no resources to spend money to maintain a network created tokens  :D.

There's always a freedom in the crypto market. It's either you chose to stay and invest in bitcoin and altcoins or just stick to bitcoin and stay away from altcoins.

Neither way, both of them are profitable. Altcoins may be rampant these days because most of the old tokens have succeeded and end up a great value so developers create new altcoins that are also promising to grow in the market. But unfortunately, some of then were not able to sustain their value and end up being undervalued while others have even become dead coins.

Well, beyond the top 5 altcoins rank in the CMC are consider me as high-risk altcoins. We should look forward to the leading coin like bitcoin, ethereum, and BNB, they are the most promising altcoin as far as this moment. There are various altcoins that there is no real use, they are just pumped and dump altcoins which are a must to avoid. I agree that there some altcoin has no development and it seems like it will good if you will choose carefully or stick on bitcoin investment not on the altcoin.

We can still make a buy with those altcoins but we sure that it has a working product as that will be the credit to say that this will have a fortune and we make a profit from them. It could really find risky but honestly, they more profitable than those on the top coins in the market. We ask why? That is because they are usually involved in market manipulation and if we are lucky enough to take the ride with the whales, it is a big reward waiting for us.

The long-term development of Bitcoin has brought many benefits, and then many people started to create altcoins for self-interest. Altcoins have relatively high profits in the short term, and many investors who want to quickly gain profits will choose altcoins. However, investing in altcoins carries a high level of risk and should be invested with caution.

Your problem is seeing I think you will soon realize as you are exposed to this market over many stages and still be able to profit effectively. Controlling capital and allocating them in this market is also not too difficult, I think like this, first, just research where you are in this field, and you will be yourself. I know what to do with my money. Whether it is BTC or altcoins, if we have a clear plan and a reasonable rate, I think there is nothing complicated, whether it is or not, you are just complicating things yourself.

Dunno why my previous reply was deleted as doing something to your asset during such messy market is gonna be a problem when it didn't pay off.
You can still allocate assets, but I would not recommend any even those assets that are appreciating like land.

And yes, there are many scammers. That is a whole lot of another risk to consider.

Bitcoin is still the reliable crypto to invest in at the moment and proven to be profitable either for short or long term hodling.

On the other side altcoins are increasing in number as well. Some of them were created to solve real problem and can be an alternative to bitcoin while majority are shitcoins relying on hype especially the meme tokens.

If you're considering to invest in alts make sure to DYOR because its risky compared to bitcoin. If you already profit dont be greedy just sell immediately then buy back once the price plunged.

Bitcoin is not only the market, there are altcoins that are worth investing, and have control in the market, they bring additional innovation to the industry and this is one of the reasons why so many investors are coming in and so many niches are creating their own token for their community and the market.

Some alt coins have utilities that Bitcoin doesn't have or not developed yet. ALGO/WAX has a great space for NFTs and VET is a great place for supply chain management.
Some "alt coins" are really shit-coins looking to just at the money/quick buck.
DYOR like always. I like some Alt coins like VET, ALGO, ADA. I am looking at BYG as well. $BYG (Black Eye Galaxy) is a decentralized NFT token. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking.

they are both coins of the exchange platform. with their own blockchain development, of course, momentum could be choosing KCS.
but if it's a little longer, I'm afraid the plan could go wrong as ethereum could get its adoption back. the update which is being planned despite the delay I don't think it will hinder the interest of new projects that want to use the ethereum blockchain network.

Now, during the fall of the cryptocurrency market, it is very important to attract attention to yourself so that people notice the project. Here is an example of how to attract attention to yourself - https://dragonbite.medium.com/dragonbite-announces-uniswap-ido-with-a-ferrari-8beebe4f0f13

This is a complicated matter, but I don't want to dwell on it, almost 11k altcoins that are officially on the exchanges i think is a good opportunity because we can profit from messed altcoins.

Cryptocurrency provides investors with high profits and people see the profitability in the crypto market, so many altcoins will be issued. The cost of new altcoins will be very low when they first appear, and many people will choose altcoins to obtain high profits through low investment. But high-profit investments in the short term also have high risks, so investment must be done with risk management.

Why we are swimming in so many types and kind of altcoins in the market today? Simple. people wanted to have a slice of the cryptocurrency market and sometimes they are even creating their own markets too...with the main aim of getting the money they are dreaming about while at the same time pretend that they are introducing the next big thing to the slice bread. Now, it can be greed, of course. of course, there can be some exemptions to this rule from time to time when we see something that is really innovative and even a game-change...finding the real gems can be so difficult though. 

It's also not wrong if we support the growth and increase in altcoin prices, but before investing in altcoins it is especially important to pay attention or analyze it in the growth of the altcoin, if it has the potential to become an altcoin with large growth then the best choice is to become an investor in altcoins only. because usually greater profits are obtained in altcoins when compared to profits in bitcoin. well,, my experience is like that

Freedom and ease of making crypto certainly makes anyone interested in making coins, the dream of getting thousands of percent profit in a short time is certainly a promising opportunity because crypto doesn't need big capital, this is what makes the market rampant.

profits was difficult to earn if we invest our money into shit project like most launched recently. Don't ever imagine we could easily earn profit in short time because price move extremely, especially in new project that recently launched. most of investors will quit if they earn profit no matter  how much is it. If we come lately , we will get rekted and suffered loss.

Altcoins have many utilities to meet the close needs of users.  Similar to bitcoin, altcoins also rely on those characteristics to speculate.  Bitcoin going up will pull altcoins up, so the allocation of funds to stacks should be shaped according to your plan, remember bitcoin goes down, altcoins will be pulled down but when bitcoin goes up, not all  all go up!  Hope you will have a good strategy to grow your profits properly.

Because they wanted to make money and that is why scam people, that is the reality nowadays.

Developers make their own coins for the sake that they can generate a profit out of investors who think that they can make a living from their investment. But somehow, the result is very disappointing and everyone who experiences this will certainly be thinking of leaving.

As more coins join the market, it could spread out inventors money and make a new coin or existing coin have as quick gains in the past.
I like to look into projects I think will take off because I like the case use. I am really excited for Black Eye Galaxy ($BYG). NFT/planet owning game that you can actually get returns on planets/resources you own in game.  The person that originally found the NFT also earns 40% of the revenue if sold.

Now the cryptocurrency market is falling and it is very difficult to attract attention to cryptocurrencies, as many people have lost money and become disillusioned with cryptocurrencies.

This is what you must remember , That Bitcoin will be nothing if there are no altcoins and the competition is reigning because Bitcoin is increasing and the value is also increasing .

That is how market goes, maybe there are some shitcoins going Stupid but make sure that some altcoins are also making good act towards the use for the people.
there are some chances that you will make this best when the altcoins are already goes in demand in the future.

People just look for an alternative to doing things, something they can grasp financially/tech or something they value over because it makes it easier for them.

And people got incentives for making alternatives to bitcoin. Money.

Although it is good in the kucoin market it is very difficult to say for sure because the currencies are competing in the crypto market. You can see BNB and Ethereum if there are a lot of altcoins in the market these are at the top of the currency competition.

I'm doing that, I invest in Bitcoin and I also invest in altcoins, and it's the right thing to do because you are not putting all your eggs in one basket if you want to make a profit in the market, diversification is the key and checking the right coins to invest I don't believe that only Bitcoin is the only profitable coin in the market, the market is very wide.

The real reason for the existence of tens of thousands of different altcoins is that it takes just $20 or $30 in investment to create a new coin. If you have a good idea and you know how to advertise, then you don't need any funds from your end. You can just start an ICO, and as long as the soft-cap is kept at reasonable levels, you will be able to attract funds. Now there is no guarantee that the promoters will continue with the development or not. Because they are not investing any of their money in to the project.

A lot of developers who churned out shit altcoins does so to make quick money many of them are pump and dump recall the huge number of altcoins that once thrived when bitcoin hits ATH in 2017 are now worthless probably because of abandonment or lack of development and inability to follow their roadmap by their developers of course they must have earned huge profits before or after their ICOs thus not interested in the project again, with the exception of few altcoins that are well managed by their developers and thriving well in the market, this is also as a result of non regulations of crypto market where every Tom, Dick and Harry just clone a major altcoin and enters the market in a bid to collect investors funds and disappear into thin air without any trace, it so disappointing seeing a lots of altcoins that does not merit to be in the market being manipulated by few whales in a bid to deceive some unsuspecting investors to buy those coins and later dump it.

Altcoins are rampant in the market because there are still many who want to try their luck in the market. no one can stop the crypto market because the crypto market can't be regulated, dozens of new altcoins appear and dozens more die every day. the market is very tough and only altcoins that have quality can feel the market.

basically this altcoin is an alternative when bitcoin is having problems and it is trusted or not altcoin is indeed a solution because besides the price is more affordable because we know that bitcoin has become prima donna and the price can be said to be quite expensive even though now there is a decline, bitcoin is still very difficult to achieve and Alatcoin has become one of the targets for small traders and I also think that altcoins are promising in terms of future prospects. but that doesn't mean everything in altcoins is promising and only a few that I feel are reliable and I still believe in ethereum bnb and cardano too. and this is where we have to really think and do research for this because now there are not only a lot of trash tokens but also a lot of coins that become shitcoins because there are so many coins in circulation. Even I myself may not all know about the names of the coins that exist today

As more coins join the market, it could spread out inventors money and make a new coin or existing coin not have as quick gains in the past.
It is all about investing in project after you do your research and only invest what you can lose. I like to look into projects I think will take off because I like the case use. I am really excited for Black Eye Galaxy ($BYG). NFT/planet owning game that you can actually get returns on planets/resources you own in game.

Many people want to try their luck in the crypto world by creating new projects, they do fundraising. Therefore altcoins become rampant and new projects
keep popping up. But in the end many projects die and don't last long, because indeed most of the new altcoins circulating do not have a clear function
and are only a copycat of the previous altcoins. So be careful in choosing altcoins for investment, choose ones that are quality and have strong fundamentals.

During the fall of the market, attention to cryptocurrencies falls significantly. Therefore, the Ferrari California prize will attract attention to the project. This is a very serious and expensive prize.

fake developers now try another chance to scam our money by creating shit project. there are soo many useless project that actually shoud not got attention from investors because they just duplicate existing project without any new developtment. while we find this project better to avoid and come to major coins only.

We can't do anything with altcoins, there is no ban on creating new coins/tokens. Good projects will attract users and will survive. The garbage project will of course soon market layoffs. Anyway, the crypto market is flooded with scam projects, low quality projects,... and has no limits. Your job is to find high quality projects. It's not that simple!

That is a very hard job and that is why I do not care about checking which one is which, who cares about the current situation when I can simply focus on what I have at my hand, the top coins are already great so why should I be worried about which new coin is good and which coin is bad, because I know the top ones and the good ones so that is something good for me.

So there is nothing to check and see about the new tokens, it is just very boring to keep doing the same "will this be a gem or will this be a shitcoin" type of thing, it just doesn't make sense to me. Which is why anyone who puts their risk into those things will end up with many many many losses but then at the end of the day maaaybe they will end up with something good, why would I risk so much money to get maybe a small chance of making a good return? I rather go get more btc and eth.

They became so rampant because of doubts, most people who've encountered failures of altcoins projects are hesitant to trust another new altcoins. Most often, they're confident on old and trending coins rather choosing new ones. Top and in demand coins has the highest chance for profit making, so there's a guarantee for returns of investment on our money.

Those coins that were created during hype or bull run are the real "shit" coins. They are made just to scam people. More like to pump and then dump. Don't invest in those altcoins. The crypto currency market is a free market. So you really can't stop them no matter how hard you try. The best you can do is just avoid them. If you invest and try to get lucky, you will be encouraging more scammers to make more shitty coins. But all altcoins aren't shit coins. There are some good ones out there. You just need to find it out.

right, this is a free market, where every day many new projects are launched, but indeed only a few projects will survive and have a solid new community. many projects are without a real product, and end up falling into hype circles. therefore we must be careful in investing in new projects

These altcoins is very important in order to make the market more productive. Without it, trading activities will not be active just like what we've seen todays popular coins to soar higher. Btc exchange would become in demand because of those coins that exchanges and convert on a desired tokens they wanted to invest using bitcoin.

Well Did your own research is the best word to answer your questions. There is a lot altcoins out there with many scam and also good project that are hidden. The best thing is try to read and do your own research before investing on coins with low cap, i do recommend if you are not risk taker  its best to invest only in ETH and btc but if you seek for bigger profit you might wanna find coin below top 100 which have a low value and good potential. Once again Did your own research.

In the free market we have many options to attract one of the potential altcoins, the altcoin market also has a good impact in the free market as a support to maintain the main market, but many new altcoin projects are only created by scammers to market hype to deceive many investors.

Regardless of how messy you might think the market is, People will choose to invest in what they believe I the best option that will make them the most profits be it in the long run or short term. Crypto space is a free space and even more altcoins will be created but this doesn't take away the fact that just like every other market, for example, the Automobile market. there are many brands but you chose what is first, what is affordable, and will work for you within that range and so is crypto. So no matter how many Altcoins are being put in the market, people will only invest in what they feel is worth it for them. 

Ethereum arose with an organization improvement that was viewed as an answer. At the point when the Altcoin named Ethereum figured out how to draw in numerous individuals, then, at that point another Altcoin showed up with the primary objective as I would see it being positive to tackle the issue. A great many people consider this to be as a monetary chance, which winds up making more disarray and requiring more examination.

that's where each individual must be good at choosing what they want to invest, even though with altcoins we have many options to invest but don't go without research and just follow the fomo that is happening.
There have been many victims of shitcoin so don't let ignorance ruin your finances.

when investing we definitely think about profits, but not a few people understand that investing has the right formula, if not then the investment we do is just investing without calculation, in this case there are lots of choices in altcoins actually for us to invest, but because of limitations knowledge makes us always lose money when investing, it's good we need to change the mainset that something easy doesn't mean it has to be done in a hurry, here we need to learn that what we want to invest is the right pattern, so that our investment is not in vain and a waste of time, there are many references that we need to study properly so that our investment does not suffer losses

If that right formula that you said will work, then may I have to know that so I can make a profit as well.
I don't find any formula and market calculations, what we gonna do is to choose the right coin to invest in. Due to the massive increase of altcoins in the market, it finds too hard to trust new projects as most of them are fake or some are a tool to scam.

It definitely needs to search and study the project we want to join as one requirement. if just jump on the market knowing nothing about it because of attractive offering, it is to expect that you end up losing your money.

One of the first questions I ask myself when I look at any new crypto is "does it have a use case/utility?" If this question cannot be answered, then I move on. I am not saying I wouldn't come back to it later if I see new news or learn something new, but I like my tokens/coins that have use cases. What do you think of Black Eye Galaxy ($BYG)? Upcoming NFT token that can be used "in-game" for collecting planets which the collector can use to stake or mine and get returns.

Potential, use case, team, and a lot more. I'm into gaming, who would believe that you can now earn on your game play. That's why I'm heavily invested in axie, also AnRKey X - the future of DeFi and NFT competitive and Social gaming platform (https://anrkeyx.io/landing)

Therefore it is very important when we want to decide on investment in new projects to do research properly. In order to avoid shit projects that
really want to deceive investors for personal gain. Therefore, it is not surprising that many projects end in scams, if we have difficulty distinguishing
real projects with fake projects, we should avoid investing in new projects. It is better to choose investments in old projects that have been proven
to have good quality.

You don't have to like bitcoin. If you got a preferred altcoin, that's your choice. But it's still going to be the biggest cryptocurrency at all in terms of its status today.
If you like that coin and you're earning passive income on it monthly, how much are you making?

I do accept the fact that the entire altcoin market is a bit messy as there are thousands of projects in the market and not every project will run for a long time and if you are investing in this huge market you need to be careful as an investors as you need to look for the transparency of the project and the team behind it and even if everything is fine then you need to check their projects technical aspect whether they can deliver before investing.

Well other altcoin, offers much cheaper Gas Fee and Faster Transactions.
In a world where competition exists. Even a big name for its self, like bitcoin. Will always be challenged with another with more advance services and better offers.
Market will be messy but exchanges are keeping there hands full to make it organize.

it is undeniable that the bullish trend that had occurred some time ago made a lot of new people come to take advantage as well. Unfortunately the desire for instant profit is not matched by the desire to learn first, many of my friends want to get profits immediately because they see the price increase so fast, I have warned them to study first, but many are ignorant so they buy at the top, and stuck to date, while the market did not recover quickly.
Cryptocurrency does offer many advantages but we also have to have a basic knowledge and not join randomly. let alone join just because of the fomo and hype, it's not a profit but it can be a loss. To be able to adapt and gain profit, we must understand the battlefield we will face.

I'm not really satisfied that they will create because of such a goal. Gas fee can be changed, it moves high and low, and creating hundreds of altcoins is not a solution to this. This is not all about market competition but this is certainly all about how people taking advantage of the market. In fact, these new altcoins had to contribute nothing to the community, they are useless, and they are just helping people not to trust crypto due to their unreliable purposes.

Because they got a taste of bitcoin, and they all want to share a piece of the pie, and because everyone can have their own coin, some new tokens are great, but there are also a lot of scammers who need to know before investing in each coin, don’t invest blindly, don’t invest all your money, and give yourself an escape route,

You can argue with that but they will still exist though. They were just created to steal BTC from users by forking coins but since it becomes reasonable already due to blockchain being opensource, they can create tokens or use blockchain whatever their purpose is. Then there is the birth of  ETH and so are tokenization platforms we now know that build this industry in the process.

A million coins to come in the future I guess some of the coins we knew today may actually disappear or got a high value that only the rich could afford.

Those who enter in to the cryptocurrency market are not ideologically motivated users. They are motivated by the historical bull run by Bitcoin, where it went from $0.001 in 2010 to $62,000 in 2021. Those who are investing now want the same amount of returns. That is not possible with Bitcoin, because it is having a market cap of $600 billion now. You can't expect the prices to further go up by another 1,000x, because the total global wealth is only $400 trillion. And that is the reason why a lot of people go for the altcoins. Many investors hope that some of these altcoins will repeat the past bull run from Bitcoin.

And they believe that it works? I don't think so and I'm sure that they will fail only.
It was time that most of the investors now are matured and educated already, we are already aware of this scam trick and they can never be successful.

Knowing which one is legit is a part of the game but as we know, olds coins are much more reliable than these new projects. If I have to invest, I simply ignore them but rather look at the coins that are already proven and tested.

Yes, I totally agree with you, if we think that way, these coins are like plants and in the end the strong tree will survive and the loser will be eroded and exhausted.
apart from all that because I think that being a coin is rampant now, there are lots of scanners and hype scattered everywhere. they created an obscure project that eventually became a sh*tcoin.
and from here we have to be smart in choosing even though for example there are lots of coins but of course we have our own assessment of that so we don't get trapped in sh*tcoins, coins that are very rampant and have become like mushrooms.

It's rampant because there are buyers and supporters and it's profitable for holders, honestly, with Bitcoin alone, I don't think it can promote Cryptocurrency adoption, the technology must move and developers are always offering new technology and algorithms in the Cryptocurrency industry so people from all industry can adopt Cryptocurrency and integrate it on their system.

The most influential factor is how easy it is to create a coin/token project, moreover the means for promotion are now easier because of social media, and this is our biggest problem, namely the presence of a regulatory board like a central bank.

Depends what the alt coins is built on or if it is its own blockchain.
NANO has 0 tx fees (an exchange might have a withdraw fee).
ALGO, XLM, XRP and VET all have low transaction fees.
Even a token on the BSC has low fees (usually). $BYG is a token I am looking at. It has some series gains lately and actual utility in the Black Eye Galaxy NFT game coming out soon.

In one way bitcoin is made by an anonymous person or team, and this is the best advantage of it. It can't be rekt or destroyed or hacked. So you can invest in bitcoin freely irrespective of these fear.
When it comes to altcoins it's just one type of illusion. They got the concept of blockchain and using it to make money. The projects pointing out the cons of bitcoin and blockchain like high fees, energy consumption in mining, transaction time etc to attract people by solving these by their project.
You can invest by seeing that if the project got legit investment form established authenticated companies because when they invest in there have some legal deals. Though it's also not safe 100%.

The market continues to fall, so the number of participants participating in airdrop is decreasing and it is becoming increasingly difficult to attract people.

It would be simply amazing if altcoins did not evolve and flourish. Bitcoin is just a universal coin, without any specific functions, which are developing in different directions in altcoins. Therefore, altcoins have a lot of useful and necessary functions for people. Of course, many altcoins are useless and fraudulent. However, this does not change anything, since the market itself will discard all unnecessary and leave only promising altcoins. Therefore, everything is fine with altcoins. There is no other way of their rapid development yet.

no its not only for the profit but early altcoins and some new altcoins have been created to offer something that can help btc and its users   and this altcoins that are useful can have a good value and can stay long.
  this is why many are investing on them including the btc investors  . there are altcoins that are useless and all you can do is ignore them and they will die easily.

most people are like that they do, they are looking for alternatives to do something that can be profitable, either by buying several altcoins that have the potential to get big profits, so they use those profits to invest in bitcoin or ethereum and bnb. mnenurt it is a very good Alternative

It does. They saw the value of bitcoin and created their own altcoin plus there is a trend of a coin like dogecoin and shiba inu token. Other crypto?, I didn't hear much jf there's a trend but still people uses it mostly in gambling.

The purpose of Altcoins according to my short knowledge is just to make things easier. This means that when people cannot afford to buy Bitcoin because it is expensive, then Altcoins are another option for people to invest. What is happening now is that many people make the wrong decisions when buying coins.

Bitcoin has experienced a very rapid increase in price. Bitcoin is getting tremendous attention from the public. This moment is used by people to create new altcoins with the sole purpose of gaining personal gain. Many modes of fraud are in the name of altcoins so caution is required when entering into new altcoin investments. My advice is to be careful when investing in altcoins. Among altcoins, there may be scam coins, which only attract users to invest through private sales, or presale discounts. Scam coins can use a website that stands out or boasts a large community to create the effect that other people will feel scared if they miss the moment.

As you can see on the coinmarketcap list over 10,933 coins are being competing to make the best coin next to bitcoin. And we all know only few coins will survive over the years which have its real used coin. It comes to the point that altcoins are best alternative investments coin when value of bitcoin is really expensive.

with the high price of bitcoin and its dramatic increase, so many new projects appear to take advantage of this moment, so with a busy market, they gather investors to enrich themselves, because many of those projects end up being scams and taking investors' money away, or many undeveloped projects, to the detriment of investors. actually even though it's a new project but it has the products needed, I think it's worth investing too

Maybe the altcoin can be pumped because from one side we see that the altcoin has a lot of promotions and makes it attract investors' attention so that later the altcoin is famous and many investors want to invest so that the way the altcoin has a lot of demand so that it becomes high in value, then we intend If you want to buy or develop the cryptocurrency, we must take part in its promotion. So when bitcoin is cheap, investors will also return to altcoins.

Because everyone can see the strength of bitcoin is already profitable, and everyone can issue coins, but just because everyone can issue coins, there are many other coins on the market, but also because everyone can issue coins, there are many swindlers in the market, we must pay attention when investing, do not be received.

This is why you should only look for altcoins that have real products and project, afaik altcoins usually have to serve different purpose than btc, most of altcoins acts like stock where if the project gets popular  it will increase in price as well, so to say, altcoin usually are fundamentally different than btc although some might have more or less the same purpose. I personally prefer to invest in altcoin with real product nowadays

When the market falls, all people leave the market. But cryptocurrencies are a useful technology and there are many useful and necessary projects that appear on the market. These projects should continue to develop.

I would not even look at coins that are beyond 100 if I am going to invest, if you are going to invest it's important that you look at the volume and the exchange where is traded, it should be on top of exchange and they have a product that they can offer to the community and a platform, that will contribute to the enhancement of Cryptocurrency.

Yes, that's true, but all of that has not been legalized in the crypto market assets that are currently happening.
and what is rampant now in the market, it's not a serious thing for those who want to invest for long-term projects or future projects, and it's best to understand in advance what you want to invest, before it's too late, and the coins that are rampant right now not necessarily official.

When the market falls, there will be fewer participants, so the chances of winning a Ferrari California will be greater.

Supposedly the token generation fee can be used by competent people in the blockchain field but in the free market everyone can meet the token generation fee so many new scam projects, more and more new scam projects are added so you have to be careful to analyze the project before investing.

I preferred most in the top altcoins in the market rather than wasting my time searching for new projects. The number of altcoins keeps growing almost everyday but look, the majority of them are worthless and shameful projects. I don't how this be going to happen but I feel that it helps to destroy the market image and even to give fear for the community that they will just only lose their money of they will invest.

I think all coins have the opportunity to go up, indeed not all coins are able to be at the maximum number, but each coin has more value for investment lovers, even investing in altcoins does not require such a large capital.

These are the factors why altcoins continue to be created, firstly to open up opportunities for coins with high selling values, secondly to stabilize the market so that they do not continue to be manipulated by the powerful and thirdly to make it easier for beginners to invest.

This reason is quite logical in my opinion, it is impossible for altcoins to be made in many versions if they do not stabilize the market, without their presence it is certain that the price of BTS and Ethereum may be very high in purchase value.

I don't agree with you. You can buy a fraction of a bitcoin, so if you can only afford $100 of BTC, then buy $100 of BTC if you believe in the crypto.
Alt coins, in my opinion, try to solve an issue that BTC cannot do or is to expensive to do. Healthy competition is also great.
ADA is trying to compete with ETH with smart contracts. One might fail, both or both will continue to grow.
I am looking at new projects like BYG that actually have use in the upcoming decentralized NFT "game" Black Eye Galaxy. Holding assets in Black Eye Galaxy can actually bring you high gains. Those are the type of projects I look at. Projects I can understand and see how they work. You should check them out.

I honestly still cannot believe that after all these years,,, people still believe in this "BTC is too expensive to buy nonsense". Ok, fine, yes if you want to buy tiny amounts lower than $100 it is quite difficult to find exchanges who will do this without charging you crazy fees to withdraw BUT it is still possible with P2P.

Altcoins the costs are actually the same when people realize it. Slippage is horror.

I think this gets lost with a lot of new investors, the whole DYOR research thing. I lot of people made a lot of money with GME/AMC/DOGE, but also a lot of people lost a lot of money.
New investors don't know how to DYOR properly, I didn't when I started.
What do you think about an upcoming project like Black Eye Galaxy? I am personally excited that I can own a planet and make returns on it in several ways. Have you looked into that project? I am curious your opinion.

When people make a profit investing in Bitcoin and reinvest in Altcoins, to me that's great.
Investing in Cryptocurrencies nowadays, I think it's good to do not in large amounts. Choose Altcoins that have good potential when investing in Altcoins.

One of the main reasons why we have lots of altcoin out there is the fact that scammers are trying to capitalize on the fact lots of new people joining crypto do fall easily for them, majority of the altcoins in the market has no future plans, most especially the meme and lending coins, so its no surprise seeing them being rampant

Investing in the short term in my opinion is a good thing to do when market conditions are messy. Choose coins that can get a little profit when we sell them again, such as Doge coins or other good coins to buy.

The main thing is that the prize was won and people would actually get a Ferrari California. Although during the fall of the market, the popularity of cryptocurrencies decreases.

Altcoins are an alternative for people who have little money, besides competing altcoins offer many advantages. so on that basis why many teams develop altcoins and can be crowded in the market

I believe I said this before in this discussion or one on the site. I think a lot of new investors could get burnt with the GME/AMC/DOGE boom.
I hope they find cool projects like Black Eye Galaxy to invest in. I am excited about this as I have always wanted to own a planet and now is my chance. Also being able to get returns is massive!

You should not judge and generalized all these alts. First is that many alternative coins are used and have utility that determine their prices. Some of this alt coins are even richer in feature compare to Bitcoin. I know many projects are coming out scam after being successful and that's where our investigative instinct should appear.

Investors have a sound plan.
When they see bitcoin is going through a significant setback/change, then they take a real step by joining an altcoin. because the current ETH type of coin continues to struggle to outperform bitcoin.

Although you are right to an extent but at the same time, I do not totally agree with you. In the crypto space nowadays, it is evidently clear that a lot of scammers are around who creates different tokens with no real value but at the same time, there are a lot of projects which are created and of course have good use case hence the reason they keep growing while lasting long term. To back this up, the top 100 coins and tokens on coinmarketcap is a good proof that even though there are useless altcoins, there are still few that are worthwhile.
Also, people who bet that a particular altcoin will explode are people who are looking for those to dump on, and this usually happens with useless tokens; already built projects have no time for such act, instead the team pays more attention on their goals in order to attract more investors.
So in a nut shell, go for good projects and overlook those seeking to scam users through flooding the social media channels with their promotions.

The solid top market cap coins will always struggle to outperform each other and that's because they have a monumental market cap which makes it harder for the value to rise too much unless there are some new updates or developments happening in the project.

That is why a lot of traders and investors look towards new coins because there are lots of hidden gems and if you can find and invest in them early, you can make an unbelievable amount of money. The problem though, as we all know, is that a lot of scams and deceptive tokens do exist in the market in cohesion so it's near impossible to find the right ones.

With the increasing benefits of Bitcoin, more and more investors are entering the crypto market. Bitcoin has been developed for a long time, and its price fluctuations in the future will become smaller and smaller, compared with the profit it brought to investors when it was first created. Many investors will now choose altcoins with lower investment costs that appear in the market to make short-term profits.
Bitcoin is highly secure because it is recognized by the market and has a high degree of consensus. As altcoins are still growing, and many of them are explorations and experiments in new areas of the industry, there are great risks and the possibility of failure is extremely high. So from the perspective of asset allocation, even if we are optimistic about the future of altcoins, we can only allocate a small amount of funds.

Haven't heard about the project anywhere and I am not accusing you but looks like a promotion more than an investigation to me.

I feel there are following reasons for the altcoins market to get bigger and even more stronger despite so many dead coins:

1- New coins bring a fresh possibility for investors to earn bigger returns
2- Pump and dump schemes are there which lures the investors
3- After what happened with doge, people follow various influencers on social media and hope they can find the next doge

I am not offended. Everyone should be careful when getting random internet strangers giving "advice."
I have done my "DYOR" as they say. I think Black Eye Galaxy has a sold project idea, team and they are moving forward. I have invested some of the side money into it and if it does fail, the so be it. I don't think it is a rug pull at all, but I could be wrong. I am very interested in where the project is going and where it can go. You should check out the roadmap:
https://blackeyegalaxy.medium.com/roadmap-more-detailed-jul-aug-55d0eb5368dd

We definitely should take benefits from them as long as it’s possible. Of course, it is difficult to find not a scam for long term holding, personally I do in the following way:
First of all, I investigate the idea of the altcoin’s project and its docs, then I overview the team members and I also check if any “whales” are going to invest in it. Secondly, I find out about marketing campaigns and social media. Also I get know if there is a big community and there are many people who trust it and want to invest.

In my own opinion, we need to invest on old coins rather than new coins. Most of the time when btc is in high value, all coins also rise up and defend on btc. We need to be aware, because thats the time newly coins promoted and do there job to make there token valuable or turn into shitcoins. I think if we really like to invest in others coins, prefer on those mature coins running in the market for more than 3 years and up and have a good reputation in the cryptomarket.

what you are doing is very detailed so as not to make mistakes that result in losses. but is what you do almost certainly will work too? does not guarantee that, but of course it is a step that needs to be appreciated. because there is no other way we should do as much detail as possible to avoid fraud, but now many are smarter than what we think, because they have indeed made it a field for making a living by continuing keep on deceiving for he own benefit

To my mind some altcoins also worth investing in them for a long term, so I stick to the strategy of buying BNB, Matic and some other altcoins that I believe in, together with BTC and ETH on a regular bases, no matter if they are growing or falling at that moment. But I am choosing very carefully. First of all, I open the coinmarketcap top-100 list and then I investigate altcoins from this list that are not on peaks now.

Altcoins that are high quality usually indeed have a product to offer and these product offer real utilization for the coin so its not right for people to undermine Altcoins.
The rampant release of Altcoins is nothing but just a normal phenomenon where people trying to make their own coin while also offering product but the market will select which coin deserve to have value. It's not a problem for altcoin to be consistently released.

Some wants to invest in Bitcoin rather than in Altcoins because they have enough courage for long term investment. Some choose to invest in Altcoins because they also have enough courage for short term or long term goal depends on what altcoins they have. There are altcoins that went into x100 faster increase than Btc. So, the alternative investment is sometimes good.

I divide all altcoins into two groups: “hype” coins that I can trade and fundamental currencies. By hype altcoins I mean something useless, but something that is being pumped by authoritative channels. On the other hand, fundamental currencies I hold and regularly buy more, especially on drawdowns. Under such currencies I see good ideas, strong communities and caring teams.

When they saw the opportunity on what creating altcoins would give, they rush to learn how to create one. every single one of them has their own vision and their aim is to make an innovative payment system that will lead their own project to success. But everything change when the scammers join the caravan and created their own altcoins too. People's trust has been dramatically subsided until only a few people are willing to try those new coins that have been emerged lately. Right now, the focus are on the top altcoins because they are already proved that they can last longer than what the others expected and those new coins have only a few investors that will support them for now until they will prove something.

We need to become technically strategic in the market to which we belong. I'd sometimes make a buy order for hypes coins but once I've gained a profit from them and seeing it started to dump, I have no longer to invest them back. Why? it was to know that these kinds of coins won't recover shortly but usually, they will sink on the deep and have less chance to recover.

The wisest thing to do is to invest those coins that are worthy enough for our trust. Because even we wait for how many years, we can still expect possible returns unlike what these hyped coins can do for us.

What do you think of Black Eye Galaxy ($BYG)? It actually has utility token in the upcoming game. It has some hype around it and some serious gains in the last few days. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking. After a new planet is discovered it will be sold on the marketplace. The person that originally found it earns 40% of the revenue while another 10% goes to his civilization.

The cost of Bitcoin is already quite high now. Investors with small deposits should diversify their investments, paying attention to the opportunities presented to them by strong altcoins. Not forgetting the risks of course.

bitcoin is a store of value and has no means of allowing project to develop in the blockchain. i think it is just financial investment. so ethereum and other new blockchain projects sieze the opportunity to introduce platform where developers can build and create alternative decentralized projects to promote the blockchain business. these are the game changers.

Which altcoin are you referring? if you have top altcoins like Ethereum and BNb then there is nothing you need to worry about because both coins have a good market cap in the crypto market
if you mean a new coin such as a newly listed coin on coinmarketcup, then choose an altcoin that already has technology that can be used and wait for some updates from the development team

You should stick more to Bitcoin and less on altcoins provided that altcoins nowaday will just die before they are being launch at their ICO.I think if you want to invest in Altcoins, just invest what you can lose

Such altcoins are usually made by people who want to make a big profit instantly, as well as the person who buys them, they support the coin for a while, when the price is above, they sell it and forget about the coin, so those who buy at the end will be very losing. It would be better to choose a major coin to invest in.

It's not overwhelming, but I find it to be a true reflection of the influence it is having on real life. Viewed in this field it is necessary to consider it as a combination of technology and finance, and the emergence of such a field will always create an attraction to exploit it, but more does not mean that it will be good. Perhaps this period will still be seen as people's access to this market. Until we understand it better, the selectivity of the good will create a market that is truly harmonious in all respects.

The supply will be there only if there is demand. There are enough number of users available to purchase these coins, and that is the reason why we witness the listing of hundreds of new coins every week. A section of the cryptocurrency users don't have the patience to wait for 3-4 years to get profits. Mostly they are the ones who invest in these coins, hoping for a return of 10x or 20x in a matter of few months. In some cases they may get lucky and may be able to sell their coins when the pump is going on. But in a majority of the cases, it will be the promoters who remain as the sole beneficiaries.