Bitcoin Forum

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

Well i wouldn't say everyone

But i can say majority would say yes
Dev/builder/revolutionarist might only account for <10% i guess

Out of maybe 10 friend of mine who invested in crypto
Theres only like 1 really know what blockchain is

Everyone is for pocket money to invest and I am also for English bappy in that case if you don't invest then you won't get it you have to get profit.  But you will see that if you invest in Bitcoin at the current price it will increase in price.  After half an hour your condition market is getting re-energised, market seems to continue like this now you can invest in these tokens.  However, at the current rate of growth, it seems that the price of Bitcoin will go away soon.

Some reason why most people invest in Altcoins can’t be far from the profit but we can’t say profit is all they see as to why they buy and use Altcoins, Bitcoin is not only being hold by those who want to use and keep it we store of value they are also being hold for long time in other to enjoy the profit that will come with it.

If we are to talk about the privacy their are also some Altcoins which are privacy coins like the monero it’s a good option for anyone who want to hide their privacy, another reason why other can invest in Altcoin is for cheap and fast transaction, look at what was happening in time of bitcoin network congestion the pressure was moving to Altcoins which where used for as alternative for transactions just as they are supposed to be Altcoin (alternative coins).

I don't think that "quick profit" is the best term here, maybe high-risk high reward.

We all know how altcoins are volatile and risky since most altcoins out there are scams or just want to steal money from people.
It's essential for investors to conduct thorough research, consider the risks involved and have clear strategy while dealing with altcoins.

I have not seen anyone getting quick profits by investing in altcoins unless they have invested in the early stages. The risk is very high when anyone invests in a new altcoin project and if the project makes an impact then only the profits can be gained. So, the higher the risk the higher the profit but it cannot be a quick profit as it takes time in the bull market too.

I still doubt that investing in alt coins can make quick profits. I have seen many people who invested in various alt coins but they never achieved success rather failed.I have been an alt coin investor myself but once I invested in a coin I almost lost more than half of my money from that coin. Lol  ;D

If someone makes a quick profit from Alt coin, they are lucky to do so, as far as I can see, no one has yet made a quick profit investing in alt coins. Many people also say or think that various new alt coins come into the cryptocurrency market which increase in price when they think that they can earn high profits by investing in them.Investing in them is much more risky for everyone.

This was not always the case especially at the early stages of this market, back then when bitcoin was still the only cryptocurrency in existence, enthusiasts were willing to invest in new coins, not because they were after material gain, they simply wanted to see how far the idea of the blockchain could go.

So they joined hands with some developers that were around back in those days and gave them the money to develop their projects, eventually some of them became successful and they made a lot of money, which is what eventually fueled icos, NFTs, meme coins and all the many different bubbles we saw since.

Well some altcoin holders love the platform they are using like for example on gaming but we cant deny that mosr or majority of altcoin holders are after profits. What other reason could it be if its not for gains? But some prefer to use the blockchain to enhance their wants or needs on their gaming apetite like some spend really for blockchain coins to use for in game items or anything that upgrades inside the game.

Not necessarily quick profit but to be specific, to allow more risk for potentially more reward(or loss lol); at least for me that is. Other people like to think they're doing it for "diversification" but the diversification provided by alts are very very small as they get heavily affected by BTC's movement anyway.

I think that investors that buys altcoins for quick profits are the ones that buys new projects, because buying them is gambling, they can give the investors many times their ROI, or the project can be dead on arrival or won't survive to reach long term. I wouldn't categorize top altcoins like Ethereum, BNB and Solana, as altcoins that we invest in for short term profit purposes, because they're altcoins that have stood the test of time in the crypto market, and they have proven to have the potentials of hodling for a long term. This is why I advice investors that wants to buy new projects to invest the amount that they can afford to loose, because they're very risky.

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Why call it as a Quick profiting when you can just invest and wait for some time? project that promising you easy money will surely scam or not going anywhere into  so try not to be lured by false profiteering in shitcoins .
correct mate and that is the point of not believing in this thread asking to make quick profit because the eager you wanted to earn easy money is the more chances of you losing yours.

I will be more correcting here because most of what you said is wrong. First, Bitcoin and altcoins are crypto assets, either of them can initiate the move in the market. But often, it's Bitcoin that initiates the move, and by its most relevant remark in the industry, we should not expect less. Nonetheless, altcoins are not as useless as you make them look, and Bitcoin is not without its losing season as well. If you bought Bitcoin in 2021, will you be smiling in 2022? That is it, none of them are immune from the bearish season, so the store of value you attributed is not so appropriate, investors can only manage their portfolio better to avoid losses.

Again, how they will help you store the value is still a function of the type of coin/token you are talking about. A lot of them have values now, they are linked to good projects nowadays and such projects are such that we can physically see. So if one can hold on to such coins/tokens these days, they might be better than it was before. But still, one has to be careful and use the charts for guidance, as risk is involved.

Lastly, you are wrong about the P2P remark. Many altcoins have their P2P and I've used at least 3 of them in the past.

There are lots of benefits or advantages altcoins have over bitcoin.

One would be their lower transaction fees and faster transaction times. I have seen lots of businesses that offer services or products to be paid in altcoins instead of bitcoin because if they were to pay in bitcoin, it would take them forever and not to mention the incredibly high transaction fees.

Second would be since altcoins are relatively cheaper, some investors invest their money in hopes of making huge profits. Some investors are trying to catch the ‘next bitcoin’ of course that is quite difficult to catch because no altcoin, not even ethereum, has reached the success that bitcoin has.

There are lots of types of altcoins that cater specifically to different kinds of people hence i know a lot of people who actually prefer using altcoins than bitcoin especially for everyday transactions

Aside for quick profit I think the gaining potential is the other main reason why people keep investing on altcoin despite volatility. Every crypto trader and investors always dream to experience same profitability of Bitcoin investment during early days that’s why many keep looking for that gem coin that can good that kind of profit opportunity even if the project is high risk.

Therefore it’s not about quick profit rather due to profit potential it can possibly give once the project become discovered which we already witnessed that tons of them become successful like BNB, ETH, Doge and many more that started from almost zero price.

Aside from the belief of the technology and use case that they have, it's also how profitable they are as what they believe.

There are comparisons for the gains that they make in Bitcoin and also in altcoins. But if it's about with the assurance, no doubt that you can sleep well while holding Bitcoin.

Whilst for the volatility of most altcoins, they can fly by night and be gone by tomorrow in terms of liquidity. This applies to those projects that are unknown but as with the established ones, it's about the ups and dumps.

I can't deny that people invest on altcoins especially new projects to make quick money but there are certain altcoins that long lasting for years like monero, ethereum, Litecoin which definitely possible only when there is enough community support.

People who buy new projects either a whale or influenced by someone because they have been told that it will be a next big thing so they have a delusion of they missed to invest in Bitcoin so they feel it's good to take the risk with xyz coins.

It's challenging to expect ‘quick profit’ when investing in altcoins because not everyone actually profits from it. Most of the time, the majority end up losing because out of the hundreds of new altcoins emerging, only a few or almost none succeed. Even investing in older altcoins may not guarantee immediate profit since their prices sometimes drop right after purchase. Perhaps only a handful of individuals manage to achieve quick profits, not the majority.

We know that money will not reproduce by itself. The world of cryptocurrency is very tempting. There are many methods that can be used to gain profits. One of them is bitcoin which continues to rise every year. Apart from that, the presence of new coins and tokens is also give an attraction, where they can participate in project development and buy coins or tokens at low prices and then selling them when published at a higher price. In other way, trading and mining can also be a source of income for investors, not to mention other rewards that can be obtained from airdrops and bounties, which will certainly make the crypto world even more popular. I Think this is the reason why investor dive into crypto.

Of course, where there are benefits, there must be different risks. Crypto requires people to have enough knowledge so they can prevent their losses. Without adequate knowledge, entering the world of crypto is like entering a spider's web, and the possibility of losing everything is greater.

Its just not the quick profit as long term on good projects will make much more profit

Apart from short profits, perhaps some altcoin investors think about the price fluctuations of altcoins. it can be like pump then dump and then pump again. Such market situations are normal for altcoins with a fairly large market community.
not without risk, but they take advantage of such asset price movements for greater profits. they take risks and that is what they bet on for profit. There is nothing that will provide benefits in a short time, everything is in the process of in-depth analysis.

First off, I think you posted in a hurry without cross-checking your syntax and spellings. However, your position and disposition to this whole investment thing is well understood.

Yes, it's different reasons (strokes) for different folks while they invested or are investing in whatever asset they like. We expect quite alright that whenever Bitcoin has a rally, altcoins follow suit thereafter. Sadly, we didn't experience that in the last Bitcoin move in 2021. Altcoins didn't go on a bull run to the best of my perspicacity. I know we aren't going to miss that rally this circle and that's why the whole industry is excited and gearing up.

Another reason investors put their money into altcoins is the simple logic of quantity. With a little cash they can easily get enough quantities of some alts and they expect that any zero in price that's cancelled already puts them in massive profit. So, the ROI factor is always there. Bitcoin won't give the type of ROI altcoins give within a short period of time.

We all came here for the profit, and I can say that many are into short profits because they are just following the hype.
There's still risk though and you should be more careful if you are going to play short, the greedy you become the higher the risk you are attracting. Altcoins are here to stay and good projects will continue to offer a good service, I don't think they are just for a quick profit because the top altcoins have their own network that can actually benefit the crypto market.

there are some who will say yes and some who won't.
because when there is an intention to invest in altcoins, of course, people who really understand.
about altcoins and how the profits and losses are.
if just to put curiosity alone mending undo the intention, to invest in altcoins.

Nothing's assured eitherway so I guess this is not true. Indeed due to higher volatility with altcoins' market price, it could generate 'quick' profit however to the same reason, it may also trigger sudden loss. Keep in mind that not all altcoins are having 100% recovery on its market value, especially the newly listed ones.  You might take the courage to invest with new projects because of high chances for profit however same thing could happen with sudden declines on its value. Analogy is that it could go from 0 to 100 in a few days or weeks but can also go 100 to zero in a single day. You may engage with short term investments in altcoin but always mind the risk concerning price changes out of nowhere. This simply proves that there's no such thing as easy and quick way to earn profit in this industry. It will always depend on how the investor will minimize the risk present in this industry in general.

And the question is will all the altcoins will for suit and bitcoin price soar up to the sky? And if yes then it ought time you have to check all the altcoins to see if all are moving up. Investors of Altcoins only select the quality coins to invest and not anyhow coins in the ecosystem. Quick profit in cryptocurrency is the one making some people to be disappointed so if you are investing in altcoins don't think of harvesting in in a short period of time but keep it for years and see how the project and improve.

And don't invest heavily at the first two years in the project but invest what you can loss and it will not pain  you if anything happens to the project. Then when you discovered that it is good to invest more then you can top more.

I don't know about others but I only invest in altcoins that has a potential future. If the tech behind the coin is good only then I move forward to "invest" in it.
These investments are long term and apart from that there are few short term trades that I take to make quick profits.
So you are partially correct but for long term I go for coins only after looking at it's developments.

Quick profit is one reason for investing in alts despite of fact that btc is more secure and accepted anywhere. The other reason is get high profit which is not possible in btc Investment. BTC marketcap already surpassed 1 trillion which is high and now new investors couldn't get big profit just like those who invented before 2015. New altcoins gives opportunity to enter in early stage before trend and  when any coins/token enter in trending zone we gets 10x in just matter of 10 days. I am not talking about meme coins. Any coins which are low risk and have a real yse case such as TIA(Calestia) ,Mavia and so many other example which pumped 10x nearly. some altcoins have cheap fee to transfer such as ltc,trx, matic,bnb and used for payment purpose.

I wouldn’t say quick profit is the reason investors put their money into Altcoins as your title depicts. Cryptocurrency is not a quick money scheme and with altcoins you can’t be so sure that you’ll make money when you invest in them instantly. Some investors keep their money in some alt coins because of the potential they have for such coins in the future which they are willing to risk without minding the implications of it. Some investors can as well be viewing all cryptocurrencies as the same and on the same risk level, comparing them with bitcoin in terms of volatility also. These type of investors are mostly lucky during bull run and not instantly when they just invest.

You say "everyday transactions", but this is only relevant for native tokens/coins of a anything chain in particular or stablecoins in general. They are not always convenient for getting quick benefits. But project tokens, regardless of the chain, are already more interesting for investment in order to obtain quick profits. For example, buy and sell $PIXEL within a couple of hours after listing and forget about it forever.

I think if anyone has made quick profits from altcoins then he is the supremely lucky person. I've yet to see anyone make a profit investing in altcoins in a short amount of time. Most of the times I have seen a new coin enter the market and the coin shows up quickly, I have seen many people invest in such new projects hoping to make quick profits and lose their money in a quick period of time. It is possible to get good profits from altcoins, it is better to invest in established coins in the market rather than go for quick profit coins. I think currently established top alt coins will guarantee more potential profit than new coins.

There is no other reason than making profit in a short term. The curiousity to make massive profit has made many look for the alternative to bitcoin which is altcoin or shitcoin as a form of investment. Just like some people chose gambling as a means of trying to make a fortune from it. Which is very difficult.  One thing is certain about cryptocurrency, there is no shortcuts to success. For you to succeed in cryptocurrency, you must buy a Coin with good potential like bitcoin or etherium which has a long term duration of making profit. Rather than investing on a short term project which is pump and dump. Sometimes some people are lucky to have purchased a shitcoin that pumps so high and they sell of an make alot of bucks and that doesn't mean that it is common. Out of every 1000 coin baught I believe 4 or 6 has tendency to push higher. So it implies that the chances of buying a coin that will blow you up is very slim.

When asked to choose alt coins for quick profit many will say "yes" and many will say "no". I think most people's answer when it comes to investing in alt coins will be "no". Investors in altcoin prefer to invest only in promising altcoins. .

When a new altcoin hits the market, people tend to invest in those coins. I am talking about a new alt coin called Dymension (DYM) Coin. When this coin was listed on various exchanges, its price crossed around $10, but now it has dropped down to $7. When the price of this coin crossed 10 dollars those who invested in this coin after seeing the high value of this coin today but they are in loss. We all should do a detailed analysis of the project or coin we are going to invest in before investing otherwise our losses will be more than our gains

OP don't generalize it, you can say most people because as talking to you I have not invested any dime in altcoin before now, though people take altcoin investment as a diversification in cryptocurrency industry, but must of those coin they invest still depend on Bitcoin to make appreciative movement, though am aware that some altcoin has the tendency of hitting high but the truth is that it can only happen during the bullrun and this bullrun is mainly concentrated in bitcoin, at this period everything about crypto looks very interesting to an extend that people might be tempted to invest in a scam project because of the drive for profit, but let's be warned there are many high speculated coin in the space and the more investors troop in for investment, the more dangerous it becomes for them.

Focusing on opportunities without accepting reality with risks is what will lead to mistakes in investing. With altcoins, they are also simulating and explaining features and applying them to life more, so price increases will also accompany the market development process.

In the past, I also prioritized altcoins, but when I realized that money was being diverted from people's pockets, choosing altcoins only accounted for a small part of the investment in crypto, perhaps the fast standard of some people. They are measuring on a limited scale and calculating profits on that range, but a little wider, it must be admitted that bitcoin also brings fast and safe profits. So if you look at it from a general perspective, each individual will have their own choice. As long as they are ready to accept everything, investing can be kept simple and comfortable.

It's not always a quick profit when you invest in altcoins because they don't always go up very quickly unless or until Bitcoin goes up quickly as you said but when the bull run is around the corner, people mostly invest in Bitcoin and just as a high-risk, high-reward method, they might throw some bucks on a few altcoins just to try their luck and see if they get good returns on their investments and they generally only invest what they know their Bitcoin investment will cover even if their invested altcoins fail to provide.

So, it's more like a higher risk being taken to get a reward that is comparatively higher than the invested amount would generally generate.

Short-term trading on Altcoins which can provide profits but has high risks is of course done by many people because they follow the hype about certain types of coins.  Although there are also those that can be used as short-term trading, but the profits are only small.  As you said, potential Altcoins are more suitable as long-term investments to minimize risk and of course you can get bigger profits later.

The altcoin market is floded with lots of shit project and scam project and as an investor looking for some clean project to get those profits from can be quite difficult also alt coins are very unpredictable and they are not good asset to store value since most of them have no real world usage and are dependent on bitcoin to have value themselves.

We can't write off all the alt coins some are good like monero that offers more privacy for users, Ethereum is good but I can't keep up with their gas fees, solana had the most complicated blockchain and seem to be cefi more than a defi although no real prove for my statement, but over the years it has still given good profits to investors.

I may agree with you. But what you have said so far has proven the fact that Altcoins can only be an alternate option to what Bitcoin had to offer. There is nothing new in what the so called altcoins has brought, bitcoin has solve almost all the solution of digital currencies. And that is the reason i say an investor or crypto enthusiast cannot depend in altcoin for a long period of time.

You gave an instance of when the price of Bitcoin transaction fees was high and people start switching to other options especially business owners who recieve through cryptocurrency. Now that the trauma is over everyone  has moved back to using bitcoin. Altcoins are unique because they are always available when you need them and you can have multiple choices when you want to invest in them.

Absolutely, "high-risk, high-reward" more accurately captures the essence of altcoin investments. While the inherent volatility and the prevalence of scams within the altcoin market have made it difficult to trust, it doesn't change that Altcoins can be very profitable if you're willing to risk it. People invest in Altcoins to find genuine opportunities for significant returns while safeguarding their investments against potential pitfalls.
It's not a fair statement to say that people solely invest in these coins for a quick turnover, though. There are coins out there that really do have good growth potential. For example,  Ethereum has been on a mostly steady growth incline since 2021. There are others out there as well.

If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

The price of bitcoin will go more higher but those who are investing now will have little profit as compared to those who already have bought bitcoin when the price was 15k$, 17k$ and even 22k$. There is no issue for those who are now buying bitcoin because halving is near and price will go more higher in future so one can easily take profit during or after halving.

Just buying and selling of bitcoin does not means that you will get profit but the time of selling and buying is also important to understand and if one have no idea about pump and dump price and Don't know that at which price it is better to buy bitcoin then profit for him will become difficult.

I am having a hard time to understand your point. Most who people who holds ANY crypto including bitcoin are doing it most likely, because they are expecting growth. Even times of hiding money into crypto as an use case are fading away because of regulations. Smart contracts can turn out to be essential part of the web in he future but i believe it when i see it.

Unless you are buying and selling something with it, you are holding it because you hope it will go up. Or because you pay less fees then with bank transactions. And about those transactions, what an earth do you mean by "cant be used for p2p transactions". How do you think cryptocurrencies work? As most of them are build only for that.

It's always been like this, when there is a quick money making and whenever they see someone posted their results in the internet with big profit then people would definitely try to do the same and we can't deny that because sometimes it's so easy to get profit when the right day comes. But, it could be a double edged sword if not treated it carefully, it just better to do research first on every thing you do especially on trading.

There's no better days than pay days it comes with happinessand smiles. The time generated here would have been would cancel. In trading, we seem to have made our mistakes in the system, I'm focused on getting every single profits because rate have made everyone showing concerns. Trading is complex, we shouldn't realized it because there are numerous sectors of trading in the system. Earning money everyday should be our targets, I've never backing from doing what we give me money.

Quite realistic, because not all altcoins can last long. We have even seen a lot of altcoins being delisted quite quickly from exchanges. Even though at the beginning of the listing, they were very hyped with very significant price increases. And this is the danger, because after all, this type of coin will not easily survive if it doesn't have a really good quality team and project to survive various crypto market competitors. So it's true that we should only invest in altcoins for short-term profits and not for long-term. Unless the altcoin has entered the top list and they also have very good sustainability fundamentals. That's why we have to be able to choose which altcoins have that opportunity.

Almost all of crypto investors are there for the making of profit and that's why they are invested in crypto and this doesn't exempt bitcoin hodlers as much as it on altcoins investors. But the difference between those invested in bitcoin is that they do this with a long term investment plan unlike altcoins 99% of the investors are in to hit and run ASAP that's why we find it hard to see most of these new generation coins surviving after a little period of launching, as it get launched and makes it maiden rise almost all investors invested in it take profits and capital and the next result is an imminent dump

That's the realest answer and all is about the profit. Forget about the technology and potential, all of us share common interest in investing into altcoins and that's about the profit. There's no need for us to have some other reasons just because we're supporting a project or not but in the end, it's all about the money matters and the profits that we can make. So with that, it's realizing that many investors don't really invest because they see it as something good in the future but as long as they can make money from it, that's where everyone is investing.

There is this concept of Bitcoin as a paradigm and that it have surpassed the stage of making huge profit has of before when it all started so developers who saw the opportunity of Bitcoin dash down to copy the Bitcoin code and created coins that people who missed Bitcoin when it was just a dollar or below could probably still be opportuned to achieve such success as those who invested in Bitcoin in the early stage.

Do the concept of Altcoins is to fill up the Gapps that Bitcoin have created and creating more opportunities for people to make more profit. but what is really distorting the goal is the rate at which people create their own Altcoins just to build up the hype and run away with the funds.

If it's quick profit, most investors would be doing what we call turn over in business, that is, it's better they will be making 100 dollar everyday, than waiting to make 500 dollar for a week, so why am I saying This, no, it's not because of quick profit, it's because of higher reward, so it quite normal that we as a person care more of our pocket, so sometimes we forget to take precautions of how risky it is to invest in alt and meme coin, because the rewards attached to it is very good and sometimes it is a risk worth taking.

Aside quick profits there can be several reasons for investing in altcoins, many of the altcoin have features and real life applications that might be an individual interest in solving a specific real life problem making it stand out from Bitcoin or having same functionalities in certain features and can serve as an alternative to Bitcoin.
An individual can decide to invest in altcoin with the sole reason of being a part of the project early adoption with conviction of the project making advancement such that they will become a beneficiary if the project finally become successful irrespective of the time frame.

Making quick profit from altcoins has also be a reason why many lost  their hard earned money.  And this mindset of making money quick is a big problem to beginners. Some altcoins are profitable if invested but having so much expectation to make money from altcoins can make one to lose mich. Altcoins are very really risky to invest and are very unpredictable which you can't tell if you are investing a scam project.

This is a necessary cycle for a beginner, lose your first deposit. If this mistake does not teach you anything, it is better not to invest in cryptocurrency. Many people can really give money to scammers or invest in a dead project after hearing about it from youtube. But with time comes experience and patience, which will eventually bring profit.

Of course people do. Even after missing the initial launch, most investors get caught still buying Altcoins long after its launch (because they see its ability to still make them money quickly)

Quick profit is definitely a fact for the majority of people who invest in Altcoins, but it isn’t the case for everyone because there are still people who invest their money because they believe and support the technology. Of course they’ll want profit but they see the uniqueness in the project and don’t usually feel rush for quick profit.

The Bitcoin halving is fast approaching and it always makes a great impact in the cryptocurrency market after halving has been taken place, in which as Bitcoin start moving on uptrend trading candles, others alt-coins follow pumping as the case may be. Because Bitcoin is the driven force of cryptocurrency market.

Profit is the motivation of every investments. The search is for higher profit with least risk, the sweetest spot on the graph.
Crypto is no longer a rise and rise only sector. We've seen some metrics that may restrict the use and price of a coin. For most it's the transaction per second and the amount of fee you are paying for a transaction.
This is why bitcoin rising to 1M or 1.5M could be possible but it's hard to believe it would go crazy like 5M with it's current technology. i.e. no one expects to get x10 with bitcoin.
But for altcoins that are new with modern techs, x10 are seen even without a bull and a price rise as high as x100 are still a possibility.

It seems like the most common reason is because buying altcoins is the easiest way to double our Bitcoins, although this all has to be done with great care because it could turn out that the altcoins turn to ashes and make our Bitcoins decrease, but if you can choose the right altcoin then it will increase big chance that we will get Bitcoin and when Bitcoin reaches its latest ath, our profits will increase even more.
And other reasons such as believing that altcoins have potential but the end goal is to get big profits, while those who like peace of mind will choose to buy Bitcoin directly and store it with using DCA or other methods that their believe will give good way to increase their investment in Bitcoin.

I don't think everyone who invested in Altcoins is looking to make a quick profit; some believe in the project fundamentals as well. The ultimate objective of the majority of investors indeed is to earn quick money. Investment in altcoins is high risk, and many retail investors have lost their money. There are coins priced at over $250 a few years ago, but their value is under $10 now. Every day, new projects are entering the market, and those old projects are a dead horse except for a few. Altcoins are high-risk, high-profit investments.

Those Investors who invests in bitcoin don't invests in that platform just to put smiles on their faces that they have assets in the bitcoin industry and it is applicable in all sorts of investment sectors. They primarily gets on the bitcoin investment to make profits and so if after analysing at the industry and you finds out the profits would come only when you could hold and hodl your coin or a long time with the potential of less risk to loose. This is just how bitcoin is programed and as for AltCoins, it is a technological system of crytop investment which has a potential to lost of investors funds if holding and hodling for a long time goal. While the strategy of managing investors risks involves a short term investment due to the weak and high rate of its volatilities.
It is all about making profits that is all concerned in all ramifications of investment so if you have a system that can offer you a quick income as a desire then chase after it and if you wants a long time based on making profits and it is also to your desires then go for it as desires.
It is just all about making the money in profit levels so, there is every reason why Investors would Invest on the AltCoins in as much it gives the profits.

It is proven that when it comes to sweet and quick gains, altcoins are the ones who give them profits and gains faster. Even without considering the high risk that these projects may be scam projects or fail in the future,. There are investors bound by greed to make so much money that they wouldn't make any inquiries or research and would instead invest in pump and dump tokens.

If you feel they are interested in the fundamentals and future of the project, why do they not stick to these projects for long?

If that's the case, why many are still losing their money investing with the Altcoins?
Let's stop that thinking about making quick profit with cryptocurrency because it's not easy at all, not unless luck always on your side which I think it's not possible too. Investing with the altcoins always bear a big risk, and that quick profit is not ideal with your risky investment, that can be consider as gambling actually. Analyze the trend, and invest with enough time and analysis you can do better if you will make your time frame longer.

Knowing the fact that not all atlcoins will rise as bitcoin price rises so I will think other reasons are involved.
Although everyone have their  different reasons for investing and the most common reason is for profit making but regardless no one have  full assurance of making profit 100%, before choosing a project you must have something attached like the community development and your resource must be able to afford buying the project. With all this development and excitement some altcoins can still serve as a ponzi scheme and projects attach to ponzi scheme will not rise when the price of bitcoin rise. In as much as we want profit we should also take time to research and invest.

Well, that's how the market works. Bitcoin goes up, so do altcoins and vice-versa. Is it a bad thing that the market turns out to be like that?

Store of value? Did Satoshi say that Bitcoin is a store of value? No, but investors did. Are altcoins being unsafe? Probably most of the altcoins, but don't generalize to the point that even those top market cap altcoins are considered unsafe to invest as well. Can't be used for P2P transactions? If I bought Ethereum for you, using our fiat currency and you accepted it, isn't that called a P2P transaction? Can't be trusted to hold for too long? Completely disagree with this. I've been holding Ethereum for quite some time, and I don't see any problems holding it for a long time. I can also say that Bitcoin can't be trusted to hold for long-term, but I'd be a hypocrite if I said that because I've been holding too as well.

Some investors believe in some altcoin projects thus, they're investing, and holding into it. Yes, quick profit is one of the reasons why we invest in altcoins, and that's the main goal of an investor, right? To make a profit. We invest to make profit whether it would be altcoins, or Bitcoins or whatever asset it is.

Altcoins are indeed risky and no one can say that it's easy earning quick profit from altcoins. However, someone who understands the market well and knows how to trade properly, and takes action after careful consideration can make things work for themselves.
You can't get into altcoins without having enough knowledge about the market and its movements and expect that you will get some quick profit because you will most likely get yourself burned. People say that altcoins are good for quick profit only because they are more volatile than Bitcoin in short term, but this doesn't mean there is no risk in it at all.

Its balance quit profit and get high risk when investing in altcoin, difference with bitcoin can't moving up or down more than 10% to 40% in daily day or weekly but with altcoin easily raise up and down drastically.
But if want get quick rich by trading in altcoin we have prepare for high risk later when altcoin price suddenly dropping and difficult get back to the higher price.

The trader have each strategies when investing in altcoin and not interested for bitcoin investment, get small capital and difficult to earn huge amount when investing in bitcoin and make of them interested for investing in altcoin and has promising to earn much profitable in short term than bitcoin need long term.

Many newbie investors start their journey in the crypto industry by investing in any altcoin project. Sometimes they make a profit sometimes they don't, and finally they realize that there are other crypto currencies that they can also invest in that have a high potential for a good return. They saw how other people were making huge profits from them, and they tried to learn about all those new projects and develop their own strategies. In terms of profit people invest in bitcoin also to make quick profit and altcoin is no exception.

Yes, most investors who save their money in the form of altcoins are definitely looking for profits. I think this is an aspect of all investments. After all, the goal of investing is to make a profit, whether fast or slow. In fact, when we buy gold, or anything with investment purposes, the goal is profit. hold it in the short or long term or the person's choice. So, I would also say that chances are, most of the people holding altcoins right now are expecting quick and big profits.

One of the biggest mistakes most newbie traders make is that they get easily influenced by things they see on social media without trying to do their research and fact-checking whether things that are being posted and said are possible and if possible, how can one achieve such results?

They start believing that people who are posting profit screenshots on social media platforms are always earning money from trading and they think it's very easy, they can do it as well. They watch a few tutorials about trading and then start making trades. Most newbies venture directly into futures market which is extremely risky and is never recommended for traders with no trading knowledge and experience.

Newbie traders decide to participate in an extremely competitive market with no experience or skills, what could possibly go wrong? Everything, of course.

They read those stories in social media about people like them making a fortune and they immediately think they can achieve the same results, but for every success story and dream come true, there are hundreds of nightmare stories of people that lost everything in a matter of days or even hours, and that now have no idea how to remedy the situation in which they put themselves in.

The primary reason for choosing any investment is to maximize profit profit but when it comes to choosing any investment that is related to cryptocurrency ( Bitcoin or altcoin investment, the main aim is also to make profit but it is always a risk that is profit attached, you profit of there is a rise in the project but most times the reverse is always the case. To op, yes most investors invest in altcoin for profit making but it takes a great risk to make profit in cryptocurrency investment especially altcoin investment.

New traders who do not have sufficient knowledge and enter this very competitive market are traders who are very reckless and careless, this will be closer to the risks involved.
And what you see on social media about people who are successful in making money in this industry through trading, is not as easy as you imagine and see. And who knows how many losses they experienced without realizing it and not announcing it to the public, until they managed to make money.
Even though trading is almost the same as gambling, you also need sufficient knowledge and experience to make money and be successful.

Certainly, while your perspective might be true for some high risk altcoins, such as Doge, Siba Inu and Pepe coins. However, it is importantl to note that there is a large amount of altcoin managed by experienced and professional teams, like Solana, ADA, Polkadot and Uniswap, could be considered for  holding for long term investment to generate significant potential profit over an extended period.

The potential altcoin assets you mentioned are indeed good for investment. but not for those who want quick profits. those who think about quick profits will switch to new altcoins or memecoins with faster movements. of course, it also increases the risk. If you choose the wrong asset, it can trap your capital or you can even lose all your money. So be wise when choosing new tokens for your investment. Don't put in large amounts of money; try to be more selective.

There's no quick profit in crypto industry. The market price of altcoins are indeed showing higher volatility compared to Bitcoin but that also means higher risk, meaning no easy profit will be earned. Altcoins are just as fine as Bitcoin, when it comes on investments, especially the big names in this industry.  Well, Bitcoin indeed seems to have a more stable market price but volatility is volatility. Whenever the market price of Bitcoin is increasing, altcoins prices in the first place follows, just with a higher rate but that will never guarantee an easy and quick profit.

The reason why investors are also hooked with altcoins is simple; as an alternative, as the name suggest. Bitcoin's market price is seasonal, therefore, in order to generate profit efficiently (as supposed to), then investors are diversifying to altcoins, to also spread the risk from this industry's price volatility. Yes, to earn more profit, but with no certainty of course.

Without a doubt there are some good altcoins out there, however their number is often thought to be much higher than what reality may indicate, after all even if you could name 100 good altcoins, there are tens of thousands of them, so less than 1% of all the altcoins that exist are any good.

Assuming there were 100 good altcoins in existence right now, something that is doubtful, making the investment on those coins an incredibly risky proposition no matter how much I think about it.

Many do not invest in the Crypto market to have a quick profit, it is those that are not ready to be patient and want to be earning at fast pace that would end up seeing profits then seeing loses. We need to be patient for us to make money in the market without stress.
We can make post of money in the Crypto market if we are ready to be patient and hold alhas price keeps going bull.
Just like we have seen the price of Bitcoin going bull allowing the altcoins too to go bull.

I totally agree with you, one reason why I have heard some alt like Monero is for a privacy based ground, I cherish privacy to an extent that I wouldn't like to anyone to know any of my steps and since monero provides me that I went for it.

No, it quite the truth that op speaks it it doesn't practically apply to every one, this Altcoins are alternative to bitcoin incase anyone wants to do something with a digital currency and hence he or she couldn't afford Bitcoin then alternatives will be the option.

I don't hold old random projects, i am buying old top alctoins and those have huge potential and if holding 1-2 years then good profits is definitely possible.
Altcoins investment too risk, in early stage it's going at peak but after certain time mostly going dead. Top potential altcoin is still promising from new projects.

I rarely invest in altcoins for the long term, except for the top established ones. This is because most altcoins are new and inherently risky, and my risk tolerance is moderate. However, established top altcoins have a proven track record, making them potentially more suitable for long-term investment strategies. While investing in altcoins offers the potential for higher returns, it also carries significant risk.

I agree with you. There is no other reason someone would choose to invest in altcoins other than getting big profits. I think big profits are more appropriate than quick profits. I think meme coins and buying coins in the early selling stage will give you a quick profit. I personally trade altcoins and take profits and invest them in Bitcoin. I think Bitcoin is still the best for storing your funds.

It's a very strategic approach to invest in Bitcoin so that the coin gets hype and many altcoins get hype as well.Investors use this technique to get profits from both sides, from Bitcoin and from altcoins as well. They distribute the portfolios so well that they get the profit from both sides.The long term profits comes from the Bitcoins and smaller profits from different altcoins combine together to give a bigger profit altogether.

Bitcoin is good to invest solo but some traders don't have so much money to Invest because investing in Bitcoin is valuable when the investment amount is high otherwise it'll be time waste to hold on for so long and get a very little profit on that.Thats why daily trading options leaves us with investing in altcoins where market research and good strategy can give us daily profits instead of waiting for too long.

The truth is that you are right somehow in this heading because many altcoins tend to die with time. So many coins that got listed in exchanges are now worthless, imagine holding such altcoin, it can be a terrible experience.

For me the right way is to invest when you consider best time and wait for the pump to convert your altcoins to Bitcoin or stable coin. I don't have confidence in holding altcoins because I don't want to lose everything which is very common with altcoins holders. I love the fast profit some altcoins can give but that is not enough reason for me to hold for long. Although there will be some exception like those backed by solid team with track record in the cryptocurrency industry

Apart from having investments in cryptocurrency be it bitcoin or alt coins, the primary reason for venturing into business is for profit making isn't it? Most people invest in altcoin to save their money even though it is very risky but they do this hoping to get a better reward of their money when there is a bull run so most times they don't invest to get quick money because most times investors buy altcoins they hold for a very long time hoping for a bull run so I think for some one who is looking forward to getting quick money, they can't invest in altcoin to hold for a long time

Undoubtedly Bitcoin is good and also safe investment than altcoins, It’s a high expensive coin so mostly people not interested to buying it, because profit will be low and time consuming, so that they're going to invest in altcoins to get early profit, but altcoins is quite risky and also high profits. But i think Bitcoin is the best to long term holding.

Bitcoin is a good choice if long term holding is concerned but it's never a good choice if you're a day trader and you depend on trading from an earning point of view. Bitcoins give you profits after investing a huge amount in it and it also requires a lot of patience to have a successful trade.
While daily traders neither have a lot of money to Invest nor they have so much patience because their daily life depends upon their profits so the alternative is altcoins. Traders should get the top skills to judge a coin and its market value as well as its capability to perform well.High skills means high profits.

The only goal of investing in altcoins is to make money quickly. If this is the case, then your thinking is completely wrong because the work you do in a hurry or fast will backfire on you, so you always have to work to come slowly. However, if you want to invest in altcoins, be careful because investing in altcoins is the most risky, but there are many coins that can give you good profits in the future.

Both altcoins and bitcoin have their respective advantages and disadvantages, therefore we should be wise in investing in them. It is true that if we invest in Bitcoin, the level of security is higher, but the profit percentage is smaller, so large capital is needed to be able to make large profits in nominal terms. This is in contrast to investing in altcoins where the risk is greater but has a greater percentage of profit too.

Many of the Altcoin projects have strong use cases and good ecosystems that interact investors interest investing in altcoins. Bitcoin has always been the kind of all digital currency and always be the first recommendation for investing in the crypto space but we should also try our luck with altcoin as well. Investing in altcoins is a very picky choice we have to conduct good research before investing in any of the altcoins. The best thing is that we should our majority funds in Bitcoin and the minority of our funds in altcoins which have strong use cases, and good ecosystems, the team is working actively and dedicated.

These are some points that need to be kept in mind before investing in any of the altcoins. Many of the altcoins are shit projects that why we have to be attentive before investing in altcoins. Besides this there is no quick profit we can gain in a short frame we have to hold to have good profits. if there will be any scenario getting quick profit so it can be future tranding which has a very high risk to the investors funds.

Investing in altcoins is very risky.No one wants to invest in it for a long time and also wants to hold.Because there are many records that many people have lost everything by investing in altcoins for a long time.It is used for quick profit.That is, investing for a short period of time and withdrawing in a short period of time.Investing in Earth Coin for a long period of time is absolutely unwise.Any profit from altcoin investment should be withdrawn.In this case more profit may cause more loss.I see no reason to invest in altcoins other than quick profit.

maybe one of the reasons you should put your money in altcoins is the very significant increase in altcoins, it is very easy to make our money multiply 3-10x, in contrast to bitcoin, which only increases slowly. For now, building wealth, altcoins are very suitable, but if you want to maintain our assets or wealth, then buy bitcoins

Instead of quick profit, what if we use "huge profit"? Some altcoins since they last pumped in the last bull run and crash, they have not pump yet and that's in between the space of nothing less than 3-4 years. Coins like Solana had an incredible run back then but everything crash, one of the worst moments for many investors and people that didn't invest because it sent bad message about crypto but today, it's one of the coins that has had a good recovery after all the drama.

Altcoins can give you 10x without doing much work, they can print you more than you can expect and this profits are big but subjective to your capital, this is the main reason why I think a lot of investors like altcoins. The Bitcoin return is great as well but because it's little in return due to it growth and that's why many don't like to put money into it like altcoins especially the ones with low market caps.

You seem to understand how most of these altcoins work and what some of them have done in the past. Truly, Solana has been one altcoin that has high potential during these periods. However, i can still relate to its huge and quick profits at the same time. This is because altcoin pumps can give you massive profits and also massive losses, whatever comes your way. The main reason i empathize with quick profit is that alcohols are not to be invested in for so long. I can't imagine an investor holding an altcoin for a decade, but you can do that with bitcoin. I see altcoins as something that, if you want to hold a maximum of 1 year, is very okay. If you trust the altcoin so much, you can extend it to 2 years.

If altcoins can give you 10x bitcoin, they can give you 20x without much stress as well. Its better you tell me that altcoin can give me 1000x to 10000x. Yes, that is a fucking significant pump i can bet on.

I think that is the reason op called it a quick profit scheme. In the long run very few altcoin survive the market because of their less flexibility and for not being adaptive to any market changes. Its not like they don't want it but most of them has limitation and either they have to add new features or stop the project. In most cases altcoin developer wanted to start a new project.

4. https://bitcointalk.org/index.php?topic=5485628.msg63748006#msg63748006


Altcoins are useful and highly profitable, there is no doubt about that, but as you said, they carry a lot of risks. It is a fact that when there are high rewards in something, there are high risks involved, and this applies to altcoins as well because if you risk your money in them, you tend to get good returns on your investment and this is the reason why altcoins are so much popular among traders.
Some people do buy and hold altcoins for long term, but the number of such investors isn't very high because most will buy altcoins for day trading and scalping so that they can get some quick profits and sell them and then buy another one and do the same.

Investing in gold even can be risky if you don't know about the market and have no experience of doing it. With the right knowledge and strategy even the riskier investment can be considered safe. The most important part is to have a strategy for your investment even its not very good. Having bad plan is better than having no plan at all. At least you will learn from your mistake.

The issue with gold is that it moves very slowly, not only when compared to bitcoin but even the stock market, so gold is better suited to be a store of wealth, meaning that if you are already happy with the level of wealth you have achieved then it makes sense to invest in gold.

But if this is not the case and you still want to increase it, then an asset like bitcoin seems like a better option, after all, bitcoin probably grew more during the last months than what gold has grown during the last decade.

I do not think so. The only reason why someone would put their money in altcoins at the risk of losing their money is because they want a big return that you won't get if you put it in BTC. BTC gives you the security of your assets as it is almost impossible to lose their value. This is not the same as altcoins that can die. You can see the history on Coinmarketcap that 90% of altcoins from 2018 until now how many projects are still surviving? I think it's less than 10%. Altcoins can bring a good narrative that can be implemented from market needs such as AI and RWA technology which are the current narrative. But we don't know when that token will die and be replaced by a new token in the same or different narrative.

What can be the reason for this? majority of Altcoin investors wanted to make easy money
lol though there are others that uses altcoins to be their long term holding not like in bitcoin supporters
that majority of us are for long term and we will keep that in mind lol.

Investing in altcoins carries some risks just like Bitcoin as well. But there is one reason why Bitcoin is still on the lead because of its high potential long-term.
Bitcoin is the best choice when investing in the long-term while these altcoins are considered for short-term deals. We have given options and we choose where we think it fits our risk appetite. I don't consider all altcoins to be profitable or let us say it give us profit in a short period. No, it says for the short-term knowing that these coins never last long as they just dump and mostly die after the price surge aside ETH. That is why we should never have missed the chance to sell our altcoins during the bull season as we can never expect it to rally back in the future.

I see that some altcoins can still survive through 2-3 seasons. As far as I remember, there are still 7-8 other coins except for BTC and ETH that have been alive from 2014 until now.

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

Even with how altcoins are very risky some people still make mistakes in investing with the amount that they can't afford to lose which is bad. Altcoins been very risky should be the main reason why people needs to be very careful and know the right amount that will be good for the investment.  Investing in altcoins it is possible for one to lose all the money that is why it is important to use the amount that one can afford to lose.

There is no doubt that bitcoin is one of the best investment opportunity but when see its price then they get afraid but I think if we invest it in altcoins then it become risky for us so instead of taking more risk we should accept time consuming process of earning.

Altcoins are also profitable but they are not trustable and bitcoin gives you more secure and sure profit if you keep it for longer time. Some time people prefer altcoins due to quick profit but they fail to get so because they choose wrong coins therefore don't rush towards quick profit but rush towards trustable profit.

This is people's believe about altcoin but most people or newbie has forgotten how risky it may be. Altcoin may be Lambo or nothing (labalaba). Only few altcoin do well just as we think while others end up as a scam project. Getting to know real altcoin involves an intensive research and which most people are too lazy to do.

I think I'm a good example of the lazy people who would rather not invest in this shitcoins (alt-altcoins) instead I would better stick to one that has being doing good already.

Since there are millions of Altcoins in the crypto space it's very difficult to find a trust worthy project that one could invest in. I have been trying to find good Altcoins but it's not working so I don't bother myself anymore.

The major reason i ever thought of investing in altcoin was the fact that Bitcoin can not longer give the quantity of profit like it gave to it's early investors and as such new coins /tokens are coming up and performing almost the same but although they are scams plus but at least before it vanishes we would make profits from it.

People who are lazy about doing research are those who put their hopes in it like gambling, just guessing. The nature of altcoins is like that, sometimes they are undervalued, sometimes they make you rich. Just imagine if we got into the trending altcoin early it might change our lifestyle

Not always investing in altcoins always brings quick profits. Personally, I have invested in ethereum and BNB, and it took quite a long time to be able to provide good profits.
However, depending on the type of altcoin we have, if we choose a meme coin, or an altcoin that is not popular, then it could be said that people are exploiting the altcoin for short-term profits. However, if it is a popular altcoin, it may be a long-term investment option. I chose to invest in altcoins because I felt the price was quite cheap, and the potential was also high. If I can make a profit in the short term, then that is a good profit. If not, then I will hold on to it long term.

Of course the quick gain is the main reason but for me it is not the only one i am also attracted by what this fantastic world represents that is freedom, yes financial freedom the elimination of intermediaries, banks and the absolute control of one's assets/ values ​​no one can block/seize your altcoins that is practically impossible

Totally agree, I've got the same reason for investing in altcoins but rather than quick profit, I invest in altcoins because I hope that when I make a profit out of it, I can put in more money into my bitcoin investment which I've been doing all these years, a little investing on an altcoin and hope that a profit will come my way and when it does, I always try to put as much of the profit into bitcoin while satisfying my profit taking urges and buying stuff that I don't need. That's the thing with NFTs too, you don't want to be caught holding one in your possession, you've got to sell it as quickly as possible because they've got no utility besides being just a JPEG that anyone can just copy paste, there are outliers that would be giving you a profit though if you hodl long enough but are you really risking the wait when there's a small profit that's ready to be taken right then and there?

I think investors invest in altcoins because of the hype and utility. So far these are the only two reasons that are my reasons for investing in altcoins. for example I invest in ETH and BNB because of the utility these two altcoins have. and I also often invest in altcoins that are currently hyped in the hope that the price will rise and I will make a profit.

It would be a lie to say no when you invest in altcoins and don't expect x10 or higher returns. But sometimes, I still invest in some altcoins for fun, to play their game and buy stuff, but it's a small amount and not worth much.  8)

I agree partially with you, and yes, if it is for short-term investment, altcoins could be reliable, but for long-term investment, they are not reliable. Not even Bitcoin is reliable with more than 2 years of investment investment delay, otherwise, you will see your profits slipping through your fingers again.

Cryptocurrency as a whole has its good and bad days, we should endeavour to outsmart the industry during the good days of the bullish season, and get to liquidate our assets during the bad days which is the bearish season. You do not expect the person who bought many coins/tokens at a higher price that has not recorded a /25 comeback to be happy. This means that they will have to wait for over x25 multiple returns before they can even hit their breakeven level not to talk of earning returns from their investment.

Many of the altcoins would never hit their ATH again, that's the bitter truth, or should I say it could take decades for them to achieve that again. Therefore, being smart about this as explained above is the way out.

makes sense and investing in old and experienced altcoins can be the best solution, for example choosing the top 20 altcoins listed on coinmarketca and it is still the main problem faced to be able to distinguish which of the many altcoins can be trusted. To be honest, I'm still having trouble solving that problem. therefore I invest more in old altcoins

Buying altcoin to play games! GameFi project requires their users to buy tokens from the open market to access their game? I didn't know that as i have always seen, all of those games are free to access and the only usecase of their token is in their marketplace where items and upgradeable things can be purchased. Its not new for investors to buy a token for fun. I have heard about some people who bought some token just for fun which turned into fortune later on.

Although I prefer to stay with coins/ tokens that has been performing in the last few years but its still also a good idea to wager with new coins that is only dependant on your research, if you're convinced enough to take the risk then you can stake an amount that you can afford to lose.

If one keeps betting around newly introduced coins he or she could fall into a coin that will do so well and can pay off all other losses. For instance I have a free $100 dollar i can decide to split them $10 dollar each to a coin I'm excited and believe in hence one could be in a good profit.

Above is just a rational thinking of me but i only stick to already known coins.

There is huge profits to make investing in altcoins and we don't have to miss this opportunity rather than sticking to only Bitcoin.
We need to be aware and ready to invest in altcoins because this is the only way we could make reasonable profit from the market without any panic although there are bad projects that could take our money if we are nut careful investing in altcoins without diligent research about the team and how far the project could go.

I used to play an RPG NFT Game just for fun, using some profit from Bitcoin to buy stuff like weapons and armor. I used 80% of the tokens just to upgrade my character. Suddenly, the token increased by x70. Lol, I feel so regretful; if I hadn't bought all that stuff, I could have had a lot of money.

When it comes to investing in altcoins, there are many people who think that way because they don't see any success for the upcoming years with the altcoins they invested their money with, that's why they always make short-term investments and they are quick to sell their crypto as soon as the price reaches their desired price. Some others are keen and motivated to hold their altcoins no matter what the others said about their investment and they don't seem care to what the event in the crypto market whether the price gets down or not moving at all because they have a high aspiration for their long-term investment.

However, huge profits can be made for those who are lucky enough to invest their money in new altcoins smoothly. Well, the main problem that has not been resolved is how we can distinguish which altcoins are good to invest in that promise multiple profits. because not everyone has that skill

Are you trying to say some bitcoin Investors are shareholders and invested their funds to pump the speculations and brings forth value to the AltCoins of today? I wouldn't being doubt if you say yes because since bitcoinehas been the first existing Crypto currencies in existence just as your earlier said, it was in doubt by some individuals that the development might not be a trusted one but only those investors who know about the reality potentials of bitcoin technology would have the strong mindsets to ignore what people may say about the development when a new AltCoin is introduced and only then the bitcoin Investors could have guts to Invest their funds to those newly introduced AltCoins with an analogical logarithms paving a way determine the potentials of the coins.

BTC is safe investment considering to invest in altcoins, everyone trust it blindly, but if it’s a big coin so mostly people’s don’t want to buy it, And another thing is BTC will musy profitable only who guys are able tightly hold it for the long term. Altcoins is highly risky coin but it’s can also give you big profits. So, i think we shouldn’t compare with BTC & altcoins.

It takes very in-depth research to find out whether this altcoin will make you rich or simply double your money there. because there have been so many altcoins that have collapsed due to developers not being strong enough to maintain their projects. or even it seems like the altcoin and the project are good but instead it's a scam.

The primary or initial reason why most people invest is for profit making first, then come other reason(s). Though there are people that do not like keeping money in Bank because of bank wahala and EFCC problem. There is an amount of money you will have keeping it in bank will be a very risky option and in that situation the only best option is to look for where to invest it, so that you won't be questioned because I have seen alot of people been questioned, not only questioned they freezed there account because of the amount of money in their bank account.

Firstly that is what always comes to cryptocurrency investors in mind of buying alt-coins and hold before Bitcoin halving or after Bitcoin halving the Bull Run session we start that as Bitcoin make a move, other alt-coins we actually make a move by price increase which is normal thing based on the previous history of Bitcoin session of Bull Run market and the only way to make it in cryptocurrency is to apply patience of holding formula.

they are investors and of course, like you and i want ROI. a quick profit in investing and the good thing about altcoin investing is that even the smallest amount you got can become the biggest profit maker in the bull run.

however, a few religiously believe in the cause of the altcoin. before Bitcoin was further debated by its size and some other issues, the community was very devoted to decentralization and some even were making BTC as the power for the revolution against the empire.

The main reason why most people invest in altcoins is to make quick profit, altcoins is only good for short term investment that is why most of the investors like investing in altcoins so as to make profit in a short term investment but I think the future of altcoins is very hard to predict. Investing in altcoins sometimes is very risky for me that is why I always avoid them, I'm not even a lover of altcoins, I only go for coin that can profit me in the future.

it's true that i invest in altcoins to make a profit, but not a quick profit. i believe in the potential of the altcoins that i invest in, so i think that when i put my money there, there is potential that in the future i can make a profit, but i'm not looking for quick profits from that. because i think that when you are looking for quick profits from an altcoin, what will happen is that you can get scammed since there are many altcoins that offer fast profits in a short time, and i don't want to be an investor like that.

You have said well and it was said, those who are eager to get quick rich always fall into scammers hands and be scammed. And if op want to make money there are two type of investment and they are short term investment and long term investment. The short investment is not for bit profit because the accumulated profit will not big because it will be a short period while the long term investment will generate huge amount of profit but you have to wait patiently for years to come and that is where "buy the dip and hodle" statement come to play.

Maybe for others or those who day trade would agree to this, but those who are investing on airdrops, test net or other types of way to earn, I don't think that they would agree to the term quick profit since they need to wait for uncertain time in order to take profit.
And those who trade maybe they could pull the QUICK profit, but the risk of those alts dropping down is also there so it isn't that easy.

Not everyone will consider quick profits from investing in altcoins, many out there with alcoins become losses and are deceived in the hope of big payouts even though that is all a fad.
If you want to make big and fast profits, you must be prepared to face the risks that will occur.

Is just like this saying that many are called but few are chosen, those investors who prefer to invest in altcoins for short term investment  must of them always succeed why most investors also end up losing in the process. However if you want to go into altcoin investment you must be ready to bare the risk that is involved, I'm pretty sure that those investors who are going into altcoin investment knows about the risk that is involved so even if they experience lose in the market is not going to affect them in anyway because that's what they agreed on.

In this period, it was actually BTC is the one that people are looking forward to because it had its halving event this year and people expect that it will pumped up. I only feel sorry for them because I am sure they are disappointed when they see that BTC dumped instead of pumped right after the halving was done.

There are still altcoins that are capable on the things that you mentioned there OP and this is the reason on why people buy them. If it's only about earning a quick profit, BTC is the ones that can do this better and not the altcoins. This is the reason why knowledge is important so that we will know the truth about some things.

Yes, everyone is in a hurry, investing is not a child's play, but it is better to invest wisely. There are a lot of altcoins and there is a high chance of falling into the pit. People's greed is high, so people invest in projects that provide quick profits and later get scammed, thousands of alt coins are born to create a trap for fraud. If you invest without caution, the fraud cycles will continue to grow and take advantage. If we want to invest in altcoins along with bitcoin investment, then it is better to invest in the top alt coins that are seen as bitcoin increases, but the profit is low, but there is assurance that something will be obtained from it in the future.

for every investment you definitely want to get added value. wherever they will make an investment if they have good opportunities in the future. So in my opinion, investors are not only investing in Bitcoin, but they are also investing in altcoins which have the potential to grow in the future. because everyone doesn't want their money to be lost in vain because of carelessness in investing.