What is the purpose of investing in alts? Make Fiat Money Or Make More BTC?

[Jating]

Good question. But you have to realised that everyone here is to make more money (admit it or not). So it really up to you, you invest on alts you make a good gain 5x-10x liquidate it, rinse and repeat. So it really boils down to your level of understand here, is bitcoin the best asset to invest your money?

So it really up to the user, but in any case, I would go with bitcoin here, no need to exchange it to fiat, your money will just tank so it's better to re-invest in on bitcoin specially that we are already in a bullish market.

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[zero714309]

I not have enough money to buy btc. I choose simple one and im buy the deepest and cheapest one. My target to get more fiat because it for my daily life. If someday i got more money from my investment in altcoin, i will do both. Keep btc and altcoin, to make fiat and more btc.

[reynald70]

I invest in Altcoin because Altcoin is very much in the exchange market today, and they have their own uniqueness, which has a different price, and when it looks profitable, I will do Arbit. So if successful it will add to my BTC.

[chanler]

Both are possible, it depends on the holders. Personally, my main purpose of investing in altcoins is to earn Fiats. So, when the value rises, then I will sell the altcoins to convert to Fiats. However, sometimes if it is possible and profitable, I convert altcoins to Bitcoin. Then I will hold more Bitcoins for a long term asset.

[rdluffy]

Interest thread
I use altcoins to have more money in fiat, I consider 2 different investments
I have BTC (the most part of my portfolio) and I have some 4 or 5 alts, I trade in USD, and I try to have more BTC and more alts in a long term

These altcoins I have, I trust in a same level as BTC, so it's important to me to keep and try to have more in a long term

[retnoanjani]

That is why there are indicators to analyze the market. With this analysis, we have a defence that is not easily affected by issues that cause panic to sell or buy.
Everyone has their own strategies, techniques, and perspectives in managing capital and profits. Overall, I have the same viewpoint as you, it's easy, the benchmark is the main capital in the form of fiat, so I'm trying to be above BEP or at least the same.

[upyem2k]

What I think about the purpose of investing in altcoins depends on individuals opinions. Some people do it just to avoid major declining in the price of bitcoin and ethereum. Some also do that just to exploit the investment opportunities in the altcoins investment.

[FanEagle]

Why isn't there a third option? Hoping that it will be the norm for currency? I mean I am pretty sure bitcoin will become more of a currency way before any other currency and bitcoin could be used and spent in some places right now (not enough imo) but what if I want to invest into eth and want eth to be the standard payment option globally.

We have usa dollars in america, we have British pounds in UK, we have euro in Europe and yuan in china, maybe I want eth to be the global thing where people all around the world accepts aside from their own national currency.

So, when you go to china you can spend yuan or eth, you go usa and you spend dollars or eth, you go uk than you spend pound or eth. Is that too much to ask right now? I mean surely with enough time it could happen? Maybe not now but in 20 years? Why not.

[bubislav]

Yes indeed BTC is the best to invest. I'm absolutely fond of BTC. That is right, l want more fiat money, that is why I'm investing in altcoins, not all of them. Top altcoins are the best showing in my opinion. l prefer ETH. But when you choose this way don't worry you are certain on the right track, but you have to be patient. It can take a long time to increase the price.

[carrigan]

Both are the purposes of investing in altcoins. Some people may refer to only the form of BTC for converting the altcoins. But some other people also choose fiat as the final choice. But, of course, both will have different sides. When it goes for the BTC, we must be ready for what happened to the price in the future, it can rise or even down to earth. But for fiat, it will be stagnant and will probably be used for offline business or utility. but of course, it will not make big profits enough. Personally, I choose both, some for fiat and some for BTC.

[shulc7]

i'm investing on alts just wanna trading and collecting more BTC , for me alts give more chance to get profit than BTC with my little amount of money. also alts give more variation price than BTC its self

Simply some altcoins can go up faster than Bitcoin. You can really make money exchanging them later for fiat and BTC.

I also think that one of the main intentions for ETH investors, for instance, is to use the token for other purposes, in Smart contracts, for example. Many altcoins projects give tokens' holders different privileges that can be also a reason for investments.

[tsaroz]

This has been the largest question for last couple of years. Before the introduction of stablecoins people jumped from BRC to alts when the price of Bitcoin started to decrease and vice versa when it increases but now people are moving towards stablecoins which is making it hard for allts to gain price.

[TheClownSong]

Both are the purposes of investing in altcoins. Some people may refer to only the form of BTC for converting the altcoins. But some other people also choose fiat as the final choice. But, of course, both will have different sides. When it goes for the BTC, we must be ready for what happened to the price in the future, it can rise or even down to earth. But for fiat, it will be stagnant and will probably be used for offline business or utility. but of course, it will not make big profits enough. Personally, I choose both, some for fiat and some for BTC.

Bitcoin for many people is considered like digital gold and some altcoins are useful for business platforms. People who invest in altcoins because they see the market cannot be dominated only by bitcoin and investors speculate on good altcoins that have large liquidity

[SquallLeonhart]

When people invest in altcoins, their ultimate goal is actually not to sell it immediately, but sell it when altcoins surge, and before altcoins can surge, it means bitcoin must have started consolidating, which makes the price a little but quite stable for a period of time without fluctuating while the altcoins is surging, during this time, many people already know what the value of bitcoin is in USD, and as the altcoins they had invested in surge, there are exchanges, applications that automatically calculate the value of such altcoins in usd.

I guess they must have internally converted it through btc before displaying the usd equivalent. Let’s say I invest during altcoins bear with $100, and then the altcoins season came, and the exchange shows me that my altcoins is now equivalent to $10k, even if I convert it to btc at that moment, because there is little or no much volatility during the consolidation, I still get my $10k when sold through btc.

[mr_random]

The endless discussion starts here. Which one is real money, BTC or USD? After the 20 years, the world will change and the people will not start to accept the USD as real money after they learn about the private shareholders of FED.
Traders usually make trades in order to make more BTC and they sell their Bitcoins for covering their daily life expenses. Altcoins have no real use in the real aka offline world and these coins only belong to the online world.

[Vispilio]

It can be both. If you have a view that a particular altcoin, for a given timeframe, will outperform both fiat and BTC, then that can be a sound motivation for investment.

Since BTC has a much greater marketcap compared to most altcoins, the current limits of money supply in the world dictate that a small cap altcoin has the potential

to make greater percentage gains in comparison...

[jazmuzika217]

I think both. We are investingin alts to make more BTC then eventually we will hold it as a long term investment to make more fiat money as a exchange. To be honest I think all of us are working to earn crypto in any or many ways to have more fiat money to make our life better and to have a continues progress.

[PuertoLibre]

The main purpose is to make money whether it is BTC or USD.  After trading years, it becomes a new standard to see a deep side of the capitalism and human greediness. Altcoins provide the best rate for the risk/reward ratio but investors need to understand the risks before clicking the deposit button the token sale pages. Living in XXI century requires new skills from traders and this century will become a good start fro the cryptocurrencies. Altcoins still have a huge percentage of chance in order to survive with the traditional financial markets.

[Eddyc]

There are good comments here, but for me and in my opinion investing in altcoin means opening doors to new possibilities and dynamics for our daily lives. A clear example is the daily practicality that some altcoins already bring, such as bank transactions, restaurants, and even places that accept altcoin to buy cars and other specific items. However, bitcoin can meet and represent the above requirements, but this can overload the network and altcoins were born to improve this.

[maydna]

I am sure we have different purposes of investing altcoin, but for me, it's because I can make much bitcoin if the altcoin that I invest can increase higher. That is proved in 2017 ago, I can sell many altcoins in my exchanges wallet at the very highest price, and I can collect more bitcoin from the altcoin. And I still want to make more bitcoin from investing the altcoin right now because now is a good time to buy more altcoin at the exchanges and I am sure that I can repeat the process to make much bitcoin and of course, I can sell my bitcoin to make a bigger profit in fiat.