Bitcoin Forum

So, from my last topic, I talked about alts even those that are for short term and how exchanges (like the one I mentioned Binance and Bitget) listing some alts could give you 60% and above chances in earning than getting rugged or getting a better chance to avoid shitcoins.
 If you read below, you would understand this topic better and how talked about TIA as a reference and how well it did when it got listed.

https://bitcointalk.org/index.php?topic=5472568.msg63092909#msg63092909

Another alts that did well this week, if you check your CMC you see that most of them were listed and if you go over Twitter you see the happiness of those who did earlier or traded them earlier

 SATS (Token) - Currently the most actively traded BRC-20 token, with a 24-hour on-chain trading volume of approximately US$5.2 million.

GROK (Token) - GROK is a memecoin named after the artificial intelligence model GROK, developed by Elon Musk's company XAI. It currently enjoys significant hype on-chain. Despite recent instances of FUD, the project confidently burned tokens worth nearly US$3 million. Over the past two days, its price experienced a significant rebound, at one point surging by 60%, reaching a market cap of US$66 million.

RATS (Token) - A BSC replica of the BRC-20 token, rats. Token trading began in the early hours of today and the contract shows no apparent risks. Its 24-hour trading volume reached US$29.3 million, with significant price fluctuations.

Some could be a meme coin By now we should all know what to do, Know the alts to trade for the short term, and long term and hold for the long term. We are here for Profits

BTC is always the king.

Hence I forget, one good Alts that has been doing well is SOL. They will be airdropping some wallets by next week. You can read more and make good use of this information

If alt coins are to be traded, they should consider the risk of price fluctuations and unfortunate events. Also, you should have a basic understanding of the current readiness status of an alt coin and possible changes. Also, you must take the time to familiarize yourself with each trade and learn if you want to learn and improve yourself. All alt coins in the market except Bitcoin are risky. You do short term trading more long term trading is totally risky which is fear of losing money. Dogecoin, Shiba Inu, Pepe Coin Meme coins or cryptocurrencies currently in the market can be useful for you in trading but carries the highest risk. The value of these coins tends to go up and down depending on the field. When interested and motivated to start trading, the most important thing is to observe yourself and trade with humor. Allows you to arrange yourself through which good profit and education can be obtained.

Altcoins are important because every market needs competition to overdo their competitors or market leaders by providing better technology or services which will attract the crowd but I am saddened to saw we look at crypto just as an investment and fails to utilise what it has to offer and even Altcoin developers are also just showcasing about APY instead of what it has to offer.

Another issue with Altcoins are it's volatility which makes bitcoin looks less volatile. But altcoin's volatility is a boon for experienced day traders and Bane for naive investors.

Altcoins needs to focus more on development than marketing it's APY. I am aligned about your thoughts on Solona but skeptical about other coins which you have mentioned as it's too early to comment on them.

I can't find any grok token that had 66 million marketcap. But overall everything you said is just misleading data. Because valuating your burn 50% supply burn when you hold majority tokens doesn't mean anything. It's just least you can do. It doesn't cost to dev $3 million when liquidity is just enough to buy a happy meal with large fries.

I can make a token worth noobgrok and while holding 99% of the supply, i could burn millions dollars worth it, even if it had only only $100 in liquidity and trading volume of one dollar per day.

In short: that's a scam.

We should channel our focus on a prominent project and not just anyhow projects, we ought to apply precautionary means to stay safe from the scams and dumps of projects. The market is filled with volatility and there's absolutely no holding back when it comes to dealings with the market. We are open to new investments and projects daily in the market but we just have to stick to good plans and solid development, because that's one of the means to stay put and exploit our chances of milking the system massively. There are numerous activities for one to engage in when it comes to cryptocurrency.

Altcoins are here to serve as an alternative to Bitcoin and we can see its value by giving a good service that Bitcoin can’t give and right now there’s a lot of good altcoins that helps cryptomarket to be on a good spot. What you can do right now is to look for a good project to invest with because not all altcoins are worth to invest since some are just a hyped project especially with the meme tokens so be careful and know how to manage your risk.

Altcoins serve its purpose and they deliver a great product and services that the market can’t afford to decline it.
Good altcoins always be the priority to many and the current up trend is an indication that many are still supporting altcoins. There is no doubt about Bitcoin of course but if there’s a way for you to get good altcoins then better to grab it too. Yes SOL is doing great right now, better to take advantage of the airdrop and know how to qualify.

More like if you don't have the capacity to invest in Bitcoin, there are other alternative coins you can invest in that are of lesser amount, but you need to be very careful so you don't fall into a scam. But then there are lots of profitable altcoins out there in the market, you just have to do your research on which of them to invest in, considering the volatility that's involved.

The fact that the team uses this name already suggests that they are scammers and are trying to mislead investors so that they believe that this coin is somehow connected with Elon Musk. Therefore, it is necessary to stay away from such meme coins, and then you will be able to preserve your money.

What's your conclusion, then? You have been mentioning all of altcoins that have been performing so well during the pre bull market season. The important of altcoin to give us easy profit when the bullish market has come.
Mostly of meme coins were scam coin. It might be pumped but it will be dumped crazily later. None knew when the scammer who was issuing the meme coin will be dumping it to make millions of money from the traders.
Altcoin was just giving alternative way to invest and avoid the congested blockchain when bitcoin got many traffics. I don't see an important point other than it.

Cheap tx, more explorations into the DEFI and various services and that's it.

  I also believe that altcoins have made significant contributions to the crypto market; without them, many people throughout the world would not have received financial assistance, at least not as much as I have. indeed.

  The more purchasing you do, the better, because you can at least measure the technique you should use because it is also in the crypto area. Another thing: whether others admit it or not, it nevertheless contributes to the growth of technical breakthroughs.

Yes if you are into altcoin and at the same time you love bitcoin then youll grind on altcoin and keeps trading it on bitcoin. All earnings on altcoins converted into bitcoin is a wise move. Its always like that when you are trying to grind for more bitcoin. Some bitcoin maxi prefers buy and hold but for traders a mixture with alts is more benefitting. Imagine Saylor also engaging with other coins?

Alts work well on the basis that they are a short-term investment and a golden opportunity to buy more Bitcoin, but they mean a huge loss if you are greedy or try to bet that the price will increase after reaching ATH or think about selling at a point close to that. The rule says to withdraw your profits whenever It came true. You should not try to withdraw them to the wallets because sometimes your coins may be burned or you may not be able to deposit them again or even forget about them.

Altcoins are more risky to invest in and if you can take the risk, find a good project through your research it can give you good ROI. Saying that most altcoins that are doing well are meme coins  currently. Except a few that have created an ecosystem around themselves or those that started this trend I doubt taking a risk on a new one could be that fruitful. It is better  to wait for the next bull run to get a good return on existing projects that are already hyped.

I don't understand its importance here.As we all understand, the truth is that the market is mainly influenced by bitcoin, so altcoins fluctuate at this stage also due to the impact of news related to bitcoin. Many people have been hotly discussing BRC20, I think there have been some topics that have emerged, but to me, the current hype is still related to some low quality content about memes, and they are not the basis. The investment base to me simply sees it as a fomo event. Actually, altcoins are always important, they bring directions to solve problems, but if you are too fomo to follow trends and are not aware of the things that are built like infrastructure, then altcoins are a potentially risky place.

Well I think the big reason we needs for there to be alts in the competition of Bitcoin. And they can store value and we can have them if Bitcoin price goes down and alt coins go up we can sell them.
Alt coins are faster to send than Bitcoin. We can use alt for smart contracts and other functions too that Bitcoin can not do.

I've never been into altcoins, since I started my journey into cryptocurrency, it has always been bitcoin for me. Reading OP's hype of altcoins, was gradually getting my attention, because I like the way he was explaining the altcoin market current updates. Suddenly I scrolled down to your comments and now you have deflated my interest in considering giving a short at  altcoins again.

Guess I'm back to where I was , focusing only on bitcoin, with it's considerable risks, compared to how I hear altcoins, can just disappear and die, in the shortest time. Eventually I'll start my journey in altcoins, but it'll be a top altcoin, not any new hyped projects in the market.

From my findings I know that altcoins can be profitable in a short time, like bitcoin trading, only that it's like gambling, where there's chances of losing your investment too. Difference is that altcoins can disappear but bitcoin doesn't.

Yeah a truly good initiative when you relate it to short term trade because I feel thats the only way you can be successful in acquiring some profits on some altcoins out there in the crypto space. Although altcoins still add diversity to the crypto industry as not everyone would be sole stuck on one coins and I will relate this to the scenerio that is happening with Bitcoin now in terms of the high rate as many people do swap to other altcoins to either complete their transaction as they are much less fee for the sending of these altcoins compare to Bitcoin for now due to the increase fee hike.

Bitcoin is always the king, while altcoins are there to support us through various ways.
Altcoin gives more profit than bitcoin in many occasions because some altcoins do give 10x returns of investment but they very risk to associate with due to lack of trust and their centralized system and structure.

All your coins are absolutely new and working on current brc 20 trend. Trading in all these coin is very risky. When any token launch at the start then some team members and early presale and private sell investors will sell tokens in large volume and token price could dump more than our expectations. Investing in such coins can give profit but why we take risk on new coins when low risk coins are available.


I am using Solona wallet for some days and eligible for some airdrop. Which airdrop you are talking about. I saw many Solona projects are reactive once again with Solona trend. I hope this coin will again touch ATH.

I think there are many reasons why altcoins are important for us to play a role and invest for the purpose ofmaking profits..
We can't just keep holding Bitcoin alone even though it has much influence in the crypto market. It is good when we invest in different crypto projects so that we can earn more at the same time. If we have the eye of investing in projects that has high possibility of going like 100x to 1000x, we might make more profits from such kind of projects than ever.

Alt is important to promote tokenized open economy. Previously most of the startup project was funded by big investors who provide development funds by having a big amount of share of a startup company. Crypto let start-up project to raise fund from the open community where big and small investors has the similar chance to invest in new project. Now a companies share can be traded openly in the form of token.

For trading and investment there are lots of coins but it does not mean that we will hold all type of coin. The token which you have selected may give you profit during Bull run but I think its very risky to put money into new coins. Taking risk is easy but if we have bitcoin and altcoins like Ethereum then there is no need to put money into new coins. And you are saying that some of them are meme so meme will even enhance your risk of losing money because altcoins can give you huge profit but when it falls then directly go to zero therefore try to invest in bitcoin so the money which these coins will offer you Bitcoin's profit will be more than this.

There is a risk if you go in and choose a new coin, but if it has been analyzed properly, I think the potential will have been minimized a little. Well, for price increases, usually many people also follow the direction of the movement of the parent coin, namely BTC. However, I also don't understand whether new coins that have been listed on CMC have that type of movement too. if yes. There's no reason to buy and invest there.

altcoins are important because its one way to get your BTC from you when you use them to buy alts. altcoins will only have some importance when it has a good usecase and its protocol becomes useful for users like Monero or Eth. other than that, alts will just be usefult ot grab your BTC from your wallet.

Tokens mentioned like SATS, GROK, and RATS have seen significant trading volumes and price changes, showing market interest. It is critical to distinguish between meme coins and truly viable ventures, and diligent research can help avoid dangers. While Bitcoin remains a safe bet, a deliberate approach to discovering new altcoins can boost total portfolio development.

It is very risky to hold altcoins in the long term, the exception to which is only ETH. And if I see that some altcoin in my wallet has increased its value by 50-100 percent, then I just fix my profit by selling it completely and wait for the next opportunity to buy again when the price drops.

Among the list, what I only know is Bitcoin and Solana.
I agree with Solana, it seems among the top market-cap altcoins, Solana is the biggest gainer this time. We have a lot of factor but I am curious why even Solana did pump hard these days, their TVL on their Decentralized Finance (DeFi) platforms are extremely low compared to other layer-2 networks competitors.

Im glad you did your findings yourself and I believe you would understand more about how to use these alts. Although I understand what the other user meant, let's not forget that we can do alot more on research before investing in any alt that's why I made mention of using an exchange in one of my earlier posts on how to navigate shitcoins, altcoins, meme coins and scam coins. Even as most people do call all alts a scam, there are real ones that do well like BGB which recently reached its ATH then you would see SOL, AGIX, INJ and many more

All I'm saying is keep doing your research you will find out more and how to use them well

I doubt that is the reason why alts are important though. You're  missing the point that these Cex are there so we could easily trade them. And again, Binance usually list most alts late giving others who bought in other exchanges leverage to arbitrage

I think for me, right now what is important are those altcoins that are not centralized because they will give lots of boost for the financial revolution that we are aiming for throughout this year. it's just sad that most people are not really excited to invest in those coins because they don't have as much support as other altcoins have. Right now we are in need of those altcoins because the governments and the banks are making some moves to make bitcoins under their total control by introducing laws one after another.

One thing is certain, their government can't control Bitcoin. This is not XRP they would want to know every move of the transactions. I mean that's what they signed up for but yes, they're a couple of good coins that are not centralised most of which are also listed on exchanges

I would say that Altcoin was created to make it balance in the cryptocurrency world.  Even though BTC can be easily manipulated, people can choose what to invest in since there are a lot of altcoins and they have differences in their value.

A lot of people would invest in Altcoins since it is much cheaper than BTC and can hoard as much as they want and wait until the value rises up.

Agree on the first thing that you said. A crypto exchange can mostly composed of altcoins. If they are not invented, crypto trading won't burst like this and people will end up hodling their BTC only. The reason why I find it hard to agree on the second one that you said, is because there are people who are losing money on those pump and dump coins. Those coins are a poison to the overall crypto.

Other than the first one, altcoins are also important because they can supply the missing features of BTC. Take note, I'm only referring to the legit and useful altcoins. As many of them are just a junk and scam. Would there ever be a time that all people will wake up and not support them? Sigh :-\.

Many new investors make the mistake of investing in new altcoins or altcoins that are rising quickly to ride the wave and get some profits. Still, they eventually lose money because of FOMO and investing in projects that don't have any fundamental value but are just pump-and-dump projects where investors who buy during the rise will have to incur losses since developers will dump their holdings when the price reaches the peak and the price collapses after that.

So, people should rather look for trustworthy tokens and coins for taking profits because it doesn't matter if the profit you are getting isn't very high as long as your capital is safe, less profit is better than not losing your own money, that's what I believe in and that's what I always recommend to others as well.

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From your topic and the content of the op all are okay. And I will make my comment base these two items. Let me start from the topic. Everyone has different reasons of investing in altcoins. Your topic look like a question asked by someone in the gambling section that "why people gamble" and the two answers are almost the same but they are not the same.

Now the reason why people consistently gamble is because they want to regain their loss and for Altcoins investors, they are investing in it because they believe that one day the coin will make them Smile. Like those who invested in Ethereum early and hodled it till now will be very happy to hodle the altcoin from the onset. And because of the appreciating nature of altcoins make them to be important in the cryptocurrency ecosystem space.

I would also add myself a TFS token this alts season, it's just the thing to use for the Fairspin Cash Giving Day tournament. This is a limited time event that runs until December 1. You can win money while doing what you love to do - playing games. Take advantage of this opportunity and try to win some money for future investments 

I wish I could have gotten in on the action. My friend managed to get a small prize of 50$, I think I will be lucky in the new tournament too

You can't judge all altcoins because of one misleading shilling post. There are decent altcoins out there, and then there these kind of scams, they are not comparable.
And there are always going to be lying involved when people are trying to sell their visions or bags they are holding.

And yes, most altcoins are going nowhere or even solve anything, but that doesn't mean they are all scams even if 99% of them are purely made for eventual rug pulling reasons.

To have competence and to have better knowledge about cryptocurrency. Whenever there is something new in the market we can see more similar things reaching the market following it. Same as that we've got altcoins as a support system. Things never grow, if there is no competence. In that way altcoins serve as a competing asset.

All altcoins aren't good for investment. We need to know the right one and make the best out of it. There are good number of altcoins that have provided good profit for the investors. With altcoins we can't trust much, for which we need to consider it for short term and book our profit and with the profit we need to go for further investment. This method will not disturb our capital.

I disagree with BTC can be easily manipulated since the market capitalization is already high enough that I don't think even investment firm with hundred of millions would easily influence the market, its always unified movement of reacting against the news that caused the market to change direction.

but I do agree the fact that altcoin as its name implies alternate coin, can be alternative for those with lower investing money so that they could invest and get quite the profit because most of the value and market cap of these coins in general aren't as high as bitcoin, even ethereum is hardly following bitcoin therefore quite good investment options for the little guy aside from the fact that there are many scams.

It depends on the person trying to manipulate bitcoin, it is true that those holding fiat will need a massive amount of it to do so, and the closer we get to the halving the greater this number will become, but for a whale holding bitcoin this is not a problem, as it does not matter to them if bitcoin skyrockets, since the number of coins on their wallet will not change.

Still it seems to me that at least for the time being there is not much of an interest in trying to manipulate the price of bitcoin and instead whales want to support it, as if the price of bitcoin is already high when a bitcoin ETF gets approved then their profits will grow considerably once we get a confirmation that this has happened.

Thanks for telling about alts and how can we make money from them. I like that you gave examples like TIA SATS GROK and RATS. These coins get a lot of hype when they listed. But thing is that alt are important because their prices are low and some coins have potential to grow and can hit 3x 5x and 10x or more. Therefore we should accumulate some of the coins.

Like we have an example of SOL coin it has already done 4x from its low price in bear season.
But the main thing is that we should choose a coin with a proper research we should take a look on the purpose on team on their structure on community of any coin. If we make a proper research so you will be able to select a good coin and can get better profit.

First of all, I am against the idea of seeing cryptocurrencies and their future only based on the trading perspective, and imagine if Bitcoin was only for investment then we wouldn't be witnessing this amount of growth in such a short term compared to traditional assets so the users see it as revolutionary to other assets also it gives returns though.

It's true that altcoin listed on Binance will give returns of 60% or any amount but it won't even last for a month and if that is the only goal of an altcoin then it better not be existing in the first place.

I'm responding based on the important of altcoins, so therefore I believe that altcoins is important based on its something that makes the market of cryptocurrencies to be competitive and without the numerous altcoins that is in existence I believe that one particular coin wouldn't directly and officially make  the market of cryptocurrency to be valid, because is due to existence of bitcoin that wouldn't have make cryptocurrency to be well developed interest for investment

Some altcoins in the market are just made to make money and run while others are made to have use in the community and the future, while it is dangerous to invest in coins that are just new, you have to remember what altcoins you really need to invest and not just coins that you see catchy names, you have to dig deeper if it has future if you really want to invest on unknown coins well you really need to be a risk taker and prepare for the worse, but everything has risk since the price is volatile.

Why alt is important for me it is simply because the altcoin is part of the cryptocurrency ecosystem. Bitcoin has always been the king that paved the way to another coin. take the example of Ethereum from one single coin like this there are so many applications that evolve every day.

From the Ethereum alone born another chain called Layer 2 completes the function of layer 1. Crypto is growing and altcoin is gonna be part of it.

I don't like seeing this token move very strangely, if it goes up quickly, the recovery takes up to 15 days, even more, if it goes in, you have to calculate from the highest rise and then it goes up again, what is the average recovery period.


And one indicator of the growth of the digital currency world is seeing significant growth in altcoins.

That's true, but we can also choose investments with relatively lower risk by choosing bitcoin or large altcoins such as ETH and BNB. Investment is like two blades, if you only chase profits and ignore risks you can lose everything. I mean the profits from investing in large altcoins are smaller and take longer, but the risks are also relatively lower. but if you choose to invest in new altcoins maybe you can get big profits in a short time, but the risk you accept is much greater and you can lose everything because of your ambition to make big profits in a short time.

Despite the appreciation you've made, still you admit that Bitcoin is still the best option among cryptocurrencies.
And based on the list that you have, those pump and price rallies are not actually the factor to think about and consider that those projects are worth investing in, they are just made with hype and turn into a scam later. Because for me, old altcoins have more potential than these new sets of projects - replicas, clones, etc. Honestly, the majority of these new projects are made to just ruin the market, not to help it grow.

I do agree that bitcoin is the king could be the most important part to take away from this. I mean we are talking about a situation where it would make sense for people to make some money based on bitcoins guarantee. I get that bitcoin may not have a guarantee in the end, but it is still quite good and should be considered a good deal. I get that we are looking into something that should be a little bit risker to make more profit, but to me bitcoin does have a "guarantee" that it will go up and nothing else does.

This is why I believe that we should keep investing into it. The problem is that we are talking about a situation where we could make some profit from bitcoin or end up risking it all and lose all our money with some alts.

In case of investment we can invest in Altcoins as well as Bitcoin. In case of investment in Altcoins one must check the market. No wrong coin can be invested then maybe you will face loss. I have always preferred to invest in Bitcoin. I once invested in Altcoins Mim Coin. Mim Coin was pretty good even though not that much profit.

It seems like you're only considering the importance of Altcoins in terms of profit rather than delving into their underlying platform and real use case—how they contribute to the long-term development of this market. If you only look at profit, I think Altcoins may or may not matter; there are countless other Altcoins to replace them.

However, if you consider the platform and practical applications, it's a different story. Take Ethereum, for example. Imagine what would happen if there were no Ethereum one day—the impact on the market at this moment is something you can probably imagine if Ethereum were to collapse. In my opinion, that's the real significance of an Altcoin, not just how much its price increases.

You have a point but realistically most people only care about how something may benefit them, so while a coin like ethereum has been essential as it has allowed the birth of many other coins, which have also become influential on their own right, they do not care as the profits that can be had with ethereum are not as high as what you could have gotten before.

This is in fact very similar to what we see with bitcoin as well, in which many newbies decide to ignore it, even if it is the best coin on the market and the one that allowed it to exist to begin with.