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Author Topic: why people are always interested in altcoins  (Read 4158 times)
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March 17, 2024, 07:02:25 AM
 #541

For beginners in crypto world, their only goal is to gain much profit from investing a little. As a conclusion for your question why people are interested in altcoins, I would say the main reason why is money and profit, then other things comes out for transactions or gaming, shopping and many other features a token or coin can have and make a user interested in buying it.
In your case you want to invest just a little and gain much more than investing in bitcoin as a les volatile cryptocurrency, I believe it’s the same thing for every. Their interest on altcoins in about making money from smaller capitals, and I wouldn’t say it’s a bad thing unless you have to chose a trusted and legitimate project to creat their token and you invest in it with confidence.
The main reason why people are too interested to invest in altcoins is because of profit, their some altcoins thst good profit can be gained it it is not for altcoins,  because of the profit that is why people are interested I altcoins,  they believe I they buy low they can sell when the coin gains value. Despite that altcoins are very risky people still don't care on how they invest in altcoins,  they just allow greed to control them to buy as much altcoins as they can.
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March 17, 2024, 07:22:23 AM
 #542

filling most of your portfolio with bitcoin is the right choice. Honestly, I don't have a specific reason why I invest in altcoins. Most of my altcoin portfolio is filled with ETH and BNB and I don't have a particular reason why I chose them. Maybe the reason is the same as most people, namely because they are the most popular altcoins.

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March 17, 2024, 07:59:16 AM
 #543

For beginners in crypto world, their only goal is to gain much profit from investing a little. As a conclusion for your question why people are interested in altcoins, I would say the main reason why is money and profit, then other things comes out for transactions or gaming, shopping and many other features a token or coin can have and make a user interested in buying it.
In your case you want to invest just a little and gain much more than investing in bitcoin as a les volatile cryptocurrency, I believe it’s the same thing for every. Their interest on altcoins in about making money from smaller capitals, and I wouldn’t say it’s a bad thing unless you have to chose a trusted and legitimate project to creat their token and you invest in it with confidence.
The main reason why people are too interested to invest in altcoins is because of profit, their some altcoins thst good profit can be gained it it is not for altcoins,  because of the profit that is why people are interested I altcoins,  they believe I they buy low they can sell when the coin gains value. Despite that altcoins are very risky people still don't care on how they invest in altcoins,  they just allow greed to control them to buy as much altcoins as they can.
If you have come across one of my topics, i said that the reason people invest in altcoins is because of quick profits, and i stand by that. They do not believe in the project, but they believe in 100x, 1000x, and even more. Unlike bitcoin, for which there are investors who are willing to hold it for a decade, have you seen anyone who is willing to hold his altcoin for a decade? Altcoins have low potential in the long run, and no one trusts them so much to keep there money in them.

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March 17, 2024, 09:59:24 AM
 #544

filling most of your portfolio with bitcoin is the right choice. Honestly, I don't have a specific reason why I invest in altcoins. Most of my altcoin portfolio is filled with ETH and BNB and I don't have a particular reason why I chose them. Maybe the reason is the same as most people, namely because they are the most popular altcoins.
People are very interested in buying and holding altcoins in the market if we knowntye benefits that are attached to it. We can make fast money from the market especially during launching of many of the altcoins in the market.
Those that knows how to select good altcoins in the market would have more opportunities to buy good projects that would bring more profits to them than a normal person that is in the market just to buy and sell.









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March 18, 2024, 02:39:14 PM
 #545

The reason for buying altcoin compared to the bitcoin is the trader can use the less money to inverse in the altcoin,but with the same money the portion of the bitcoin get by the trader will be very low.But the altcoin also allow the trader to buy with low dollars and get good returns in the bull run.Because of this reason many people use to buy the altcoin at the bull run.The small pump in the bitcoin also allow the traders to get profit from the altcoin by the reflection of the bull market in the flow of the altcoin price.The trader should spend some time to learn about that coin before buying that particular coin using their hard earned money.



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March 18, 2024, 03:16:31 PM
 #546

The reason for buying altcoin compared to the bitcoin is the trader can use the less money to inverse in the altcoin,but with the same money the portion of the bitcoin get by the trader will be very low.But the altcoin also allow the trader to buy with low dollars and get good returns in the bull run.Because of this reason many people use to buy the altcoin at the bull run.The small pump in the bitcoin also allow the traders to get profit from the altcoin by the reflection of the bull market in the flow of the altcoin price.The trader should spend some time to learn about that coin before buying that particular coin using their hard earned money.
To be honest, I also often choose altcoins because they are cheap, and I hope the price increase can be more than 2x. However, sometimes I don't hold altcoins long term, especially new altcoins. Bitcoin may still be the main choice if the investment is large enough and in the long term. However, for the short term, and hoping for high increases, altcoins are always an option. In fact, people choose meme coins because of the price increase which can be many times the initial price.


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March 18, 2024, 03:27:54 PM
 #547

Honestly speaking, altcoins sometimes give more profit than bitcoins when it is not at the time of bitcoin halving season because there are lots of opportunities in altcoins if you only knew. But at the same time, this is not some easy kind of investment where you just need to buy certain recommended altcoins and wait for them to spike its price, it doesn't work that way, man. rather it needs a tremendous amount of research where you need to sacrifice lots of time to experience and learn to distinguish the real new emerging potential altcoins from fake ones.
That's right, investing in altcoins can sometimes be more profitable if the altcoin becomes popular and also has a solid and strong team. However, choosing the right and best altcoin that will provide big profits can be very complicated because of the large selection of altcoins in circulation and also the risks involved.
Therefore, expertise is needed in conducting thorough research and analysis to find altcoins that have profitable potential and also to avoid altcoins that have the potential to be fraudulent.

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March 18, 2024, 04:47:07 PM
 #548

Honestly speaking, altcoins sometimes give more profit than bitcoins when it is not at the time of bitcoin halving season because there are lots of opportunities in altcoins if you only knew. But at the same time, this is not some easy kind of investment where you just need to buy certain recommended altcoins and wait for them to spike its price, it doesn't work that way, man. rather it needs a tremendous amount of research where you need to sacrifice lots of time to experience and learn to distinguish the real new emerging potential altcoins from fake ones.
That's right, investing in altcoins can sometimes be more profitable if the altcoin becomes popular and also has a solid and strong team. However, choosing the right and best altcoin that will provide big profits can be very complicated because of the large selection of altcoins in circulation and also the risks involved.
Therefore, expertise is needed in conducting thorough research and analysis to find altcoins that have profitable potential and also to avoid altcoins that have the potential to be fraudulent.
The major reason why an altcoin get so popular all of sudden might be strange, I think people in charge with the community project intentionally pump these coins to attract investors attention and all with the hype during the early stage but might dumb at the end, some coins are meant for short term not the long term and I strongly believe just few altcoins will yield profit during the long term plan so let's not get confused with newly tokens, newly tokens are mostly for the get rich quick scheme and still might be a ponzi scheme project so it's advisable to choose wisely.
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March 18, 2024, 06:34:28 PM
 #549

Why people are always interested in altcoins?

Some people believe that they have the potential to increase in value over time, similar to how Bitcoin has risen in value since its creation.

Others may be drawn to the technology or features of a specific altcoin, such as faster transaction times or increased privacy.

Additionally, some people may buy altcoins as a way to diversify their investment portfolio, similar to how they might invest in different stocks or other assets.
I hope this helps

I agree with you. Also because you can star from small amount For example,  I described my own experience

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