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

[jerry0]

A while back when i asked this question about trading such as buying altcoins... such as buy an altcoin for $1 and buy say $1000 of it.  Let say btc was around $1000.  So it cost 1 btc to buy 1000 of that altcoin.  Let say price of altcoin went to $2.  You double your money.  Now if you were to sell the altcoin, you can't go directly to usd or usdt.  You need to sell for btc first.  Then people mentioned, you want to have more btc than you originally started with when you trade for altcoin.  At first that didn't make sense to me because I thought... well if altcoin goes up in price and you sell, you make profit.  Then people say well if btc went from $1000 to $3000 during the time your altcoin went from $1 to $2, you actually lose because when you sell your altcoin for btc, you are getting less btc than you put in... which would be less than 1 btc.  Such as you would only get 0.667 btc etc.  But I said well btc is worth more now.  But the point i made was well you now have $2000 fiat as oppose to $1000 fiat earlier.  Then people say well had you just kept the 1 btc, its now $3000 usd.  I said i get that... but you still make money here because you traded.



Now I said well what if the altcoin actually dropped in price from $1 to $0.50.  Then you sell it.  Well here you lost because you bought at 1 dollar, sold at 50 cent so you lose 1/2 your investment.  But say btc dropped 90% during this time from $1000 to $100.  Here... you started with 1btc... but now have 5 btc.  Obviously this is an extreme example but you understand my point.  Here, you lose usd value because 5 btc is worth only $500 if btc is 100 dollars.  But people say here this is good because you now have more btc than you started with.  Several people mention the goal of trading altcoin is to accumulate btc.  Is that true or false?



I mean i thought trading was always to get more fiat than you started with.  I completely understand the you want to have more btc than you put in part.  That makes sense.  But if you had a choice, aren't you suppose to choose you want fiat profit as oppose to btc accumulation?  Because its like some people seem to suggest, they rather lose money on an altcoin trade when they sell it back to btc... if they finish with more btc than they started with before the altcoin trade.  Thoughts on this?



But in general when you are investing in altcoins and trying to find that 5x, 10x, 50x etc... is your goal suppose to be accumulate more btc?  Or to get profit in terms of usd value?



Obviously you prefer both and you prefer investing in alt coins if both btc and alts do well but alts do much better than btc.  But if you only invest in alts, do you want altcoins to skyrocket and btc plummet?  That way you get back much more btc than you started with?  I always thought goal is to get more fiat when trading altcoins because you think it will do good.

[1714734075]

1714734075

[pishite]

Of course I want more bitcoins. But the main goal of users is to make a profit with the withdrawal of coins in fiat currency. For many people, this is a kind of income. Many invest in altcoins in the hope of getting at least double the profit.

[Stanlo]

A part of me wants more bitcoin and another part of me is more interested in having huge amount in fiat I guess I will have to make both happen slowly and steadily

[Ken_terrance]

Sorry I'm more interested in fiat so my aim is to make huge profits investing in coins and tokens and withdraw to fiat,maybe when I have enough fiat in my bank account I will start holding bitcoin

[beachbummer]

If you're interested in earning fiat, you can trade in cryptos that are paired with fiat stablecoins like USDT, USDC, TUSD, etc. For example, some of the popular fiat pairs in Binance are BTC/USDT, BNB/USDT and ETH/USDT.

Otherwise if you prefer to earn BTC, then just trade in crypto BTC pairs, of which some popular ones are BNB/BTC, ETH/BTC and XRP/BTC.

[Peterdav]

For me the purpose of investing in alts is to make more BTC, and after that will make more money. Basically the end of the purpose is money.

[fuer44]

this way, it is true if your calculation is how many altcoins you have with the price, then converted to btc, then you will find a number of btc ... then when the altcoin goes down, the conversion to btc will decrease, don't you mean that ?

yes, it is indeed reduced, but right between the conversion of coins to dollars does not change right? still the same. for example etherum = $ 100, has 5 etherum when btc costs $ 1000 then etherum to btc is 10 btc. then the etherum price falls, automatically the conversion to btc will decrease, but conversion to dollars will still be the same. if it drops $ 0.1, that's the result.

[Nihal6443]

Fiat is still a main method for transection every body compares cryto from fiat that is why everyone loke to have fiat at the end. Combination of fiat and Crypto will be a good choice currently one IEO that is moozicore is usin both method in there app.
Fiat or the token for payment, since logically the world isnt that far to use crypto as payment, i think still 99% will use fiat. So even that side is bound to the project but it gives customers the option to join crypto and buy token on exchanges from selling people.
If people use the fiat way, 10% of those fiat will be send to the exchange and buy back from investors and burn those token away.
You can check more
https://tokensale.moozicore.com

[aimata27]

A while back when i asked this question about trading such as buying altcoins... such as buy an altcoin for $1 and buy say $1000 of it.  Let say btc was around $1000.  So it cost 1 btc to buy 1000 of that altcoin.  Let say price of altcoin went to $2.  You double your money.  Now if you were to sell the altcoin, you can't go directly to usd or usdt.  You need to sell for btc first.  Then people mentioned, you want to have more btc than you originally started with when you trade for altcoin.  At first that didn't make sense to me because I thought... well if altcoin goes up in price and you sell, you make profit.  Then people say well if btc went from $1000 to $3000 during the time your altcoin went from $1 to $2, you actually lose because when you sell your altcoin for btc, you are getting less btc than you put in... which would be less than 1 btc.  Such as you would only get 0.667 btc etc.  But I said well btc is worth more now.  But the point i made was well you now have $2000 fiat as oppose to $1000 fiat earlier.  Then people say well had you just kept the 1 btc, its now $3000 usd.  I said i get that... but you still make money here because you traded.



Now I said well what if the altcoin actually dropped in price from $1 to $0.50.  Then you sell it.  Well here you lost because you bought at 1 dollar, sold at 50 cent so you lose 1/2 your investment.  But say btc dropped 90% during this time from $1000 to $100.  Here... you started with 1btc... but now have 5 btc.  Obviously this is an extreme example but you understand my point.  Here, you lose usd value because 5 btc is worth only $500 if btc is 100 dollars.  But people say here this is good because you now have more btc than you started with.  Several people mention the goal of trading altcoin is to accumulate btc.  Is that true or false?



I mean i thought trading was always to get more fiat than you started with.  I completely understand the you want to have more btc than you put in part.  That makes sense.  But if you had a choice, aren't you suppose to choose you want fiat profit as oppose to btc accumulation?  Because its like some people seem to suggest, they rather lose money on an altcoin trade when they sell it back to btc... if they finish with more btc than they started with before the altcoin trade.  Thoughts on this?



But in general when you are investing in altcoins and trying to find that 5x, 10x, 50x etc... is your goal suppose to be accumulate more btc?  Or to get profit in terms of usd value?



Obviously you prefer both and you prefer investing in alt coins if both btc and alts do well but alts do much better than btc.  But if you only invest in alts, do you want altcoins to skyrocket and btc plummet?  That way you get back much more btc than you started with?  I always thought goal is to get more fiat when trading altcoins because you think it will do good.

Well, I think most of the people out there that are investing on cryptocurrencies are there to make fiat and not to make Bitcoin or any other altcoins because in the end they'll convert their crypto into fiat.

[Rengga Jati]

The purpose of investment altcoins will be different from person to person. However, in general, BTC is a goal of converting altcoins to. But, of course, investing in altcoins is a long-term investment that may take around at least 2 years. And of course, only certain altcoins are worth investing.

[BitcoinPanther]

This is simple. I invested on alts because of a simple logic. To make a bigger profit since they are low in price but high possibility to multiply. But the main goal is to strengthen my investment for BTC for my long term investment since Bitcoin will eventually grow when the right time comes.
I also get some of my profit to convert it into fiat when really needed but as much as possible, I have a separate money in growing my BTC investment and money producing profit also for personal daily needs. Diversification of Funds is the key.

[ElmedoRator]

Of course it is profit, or it can be called work. I am more interested in fiat (USD) than bitcoin because its value never changes. The strong fluctuation of bcc is only for those who dare to dare to do it. Alt has low value and strong growth in a short time, btc for me as a means of exchanging from altcoin to fiat

[bartolo]

It depends on each person and with what you invest. Usually, if you have BTC and you invest part of it in alts, you will want to get more BTC, whereas if you invest in altcoins with fiat money, you will want to get more fiat money. Anyway, you have to do what you consider appropriate and follow your own ideas and not what anyone tells you.

[chocopapaya]

It depends on your goals really.
Most people say accumulate more btc because they plan to cash out in one big swoop.
For example, they might target when btc reaches $20k or something then sell everything off.
This is actually really hard to do.
Not because btc won't go up that high (it will), but because people are greedy.
When they reach their goals, they just keep on hodling or trading thinking it can go up even more.

But, if you want immediate fiat income, then your goal would be to get fiat.
This is best achieved with consistent buy low sell high trading strategies using a stable coin.
For example, use USDT to buy a coin when it dips 3%, sell for 5% higher.
Evey month or three months you cash your USDT out to real fiat.

[(o)(o)ilikeboobs(o)(o)]

After some mistake in the past, now, to me, nothing better than cashout, fiat money is still the thing that bitcoin still not (Yet) could replace
I invest in anything that bring back to me fiat money, not any cryptocurrency
That's my experience

[@prashant]

It depend on your interest if you are a crypto trader or long term investor than asset(i.e btc) will be your goal ,your main focus will be to increase the btc amount rather than focusing on fiat but if you are in crypto market just to get profit than fiat will be your goal. Generally big holder consider btc as main focus and they have created a trend to focus on btc only but for new trader they can focus on fiat.

[ariyzt]

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

[poornamelessme]

End purpose for most will be fiat. But the purpose of trading alts for most is to accumulate more btc, wait for btc to go up, then sell btc for fiat.

The idea is that investing in alts will be more profitable than simply investing in btc. I'm sure everyone knows how many alts did the 10x or 100x thing ... btc going up 10-100x from here is very unlikely. An alt with a lower marketcap may be unlikely to increase that much, but at least it's possible.

[Ucy]

Having more or less bitcoin than you started with would've been more beneficial if most goods and services are priced in bitcoin instead of fiat currencies and if prices of goods and services remain constant in their btc values despite the fluctuating price of bitcoin.
So what should matter more is the fiat value of your altcoins  not the bitcoin value

[kalstarzz]

the goal most people invest in alt is to multiply their bitcoin, for the purpose of increasing fiat money it is the ultimate goal. and actually not all have that purpose, some have the purpose of making it easier for all transactions on all fronts, and this goal is very rarely found.