One big argument people will give you is that if you buy an asic, and BTC crashed, you are left with a paperweight. On the other hand, if you buy GPUs, and the altcoin you are mining crashes, you can switch coin. Or even if the entire market crashes, you can still sell the gear and make some of the money back.
There is also the fact that you can start mining altcoins with your gaming rig. Starting to mine slowly 1 GPU at a time. You don't have to start with buying a $3000 machine.
And finally, while BTC is a coin meant to be used as a currency, not all altcoins are the same. Many have a purpose, application, goal for the future. Alot of people simply believe in the projects and mine to support them.
thanks for the reply Troy
*** And finally, while BTC is a coin meant to be used as a currency, not all altcoins are the same. Many have a purpose, application, goal for the future. Alot of people simply believe in the projects and mine to support them.
thats a good point and a fair one ... believing in the projects and supporting them does interest me ... profit does aswell though
i bought one M3 on order ... still very much interested in alt coins and i think i missing atrick somewhere
lots of folk on the forum seem to play there cards tight to there chest with their mining activities