What's your reason for buying altcoins?

[dragonvslinux]

Please vote in the poll and explain your reasoning below...

Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.

Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.

But what is your reason for buying and holding these coins? What type of profits (fiat/btc/eth/other) are you hoping to achieve and have you already taken profits?

Do you genuinely believe any of your altcoins can genuinely surpass Bitcoin or Ethereum's market values in near future?

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[Jackl87]

Please vote in the poll and explain your reasoning below...

I voted for FIAT profits. I mainly invest into new and upcoming projects and for that i am part of 2 launchpads. Even though i can only invest small amounts, because (i am no crypto Veteran that has a few BTC or Eth laying around from a few years ago and therefore every crypto investment that i make comes from my Bank account), i am still in the profit zone at the moment, even though my portfolio is like 80% down from it's ATH from back in may this year.

[aioc]

Do you genuinely believe any of your altcoins can genuinely surpass Bitcoin or Ethereum's market values in near future?

No, I don't believe any of the coins I'm holding right now can surpass what Bitcoin has achieved although they have a good chance with Ethereum, I'm holding altcoins because of their potential to help the industry to grow, they have a platform that can contribute to the adoption of Cryptocurrency and of course profit, the market is dynamic and always changing but none of the coin or token in existence right now can beat Bitcoin's dominance in the market.

[MadeMen]

We have several altcoin in the market and that's an avenue for diversification of portfolio. The altcoin market has grown over the years to include the good, bad and ugly projects. Though we have many more altcoin projects that are not to be trusted, I still see the market to be growing speedily.

[cryptomaniac_xxx]

I voted for "For fiat/dollar profits".

I think this is the foremost reasons why investors are in crypto in the first place, only few are really for the technology, everyone wanted to double their money in fiat/dollar value.

So if our altcoins goes to the moon then definitely I will sell it to get my fiat profits and it's up to me whether to reinvest it into altcoins ore go to BTC.

[gurunanakji777]

No, I don't have any coin that will surpass the BTC or Ethereum in the future but we can expect a good profit. I would say bitcoin is not cheap to buy and expect a 100X that is illogical as we all know So the reason is quite clear it is not affordable for small investors so we opt out of cheap Altcoins that can be easily afford to buy and hold for good profit but profit depends on the potential of the project even we can not expect every altcoin will outperform and we will easily earn profit so the R&D is also important before buying any coin.

[dbc23]

For other profits so as to get a well structured portfolio. Btc for me is strictly for a long time hold but for altcoins I hold based on the news and once I notice a retracement I quickly pullout then wait to buy more or better still switch to other projects that looks reliable. Some altcoins such as they regular meme coin and some NFT projects looks somehow like gambling so holding for too long might be a bit risky

[RiskySanchez]

It's simple that altcoins offer more attractive offerings than Bitcoin, such as Metaverse and NFT technologies. to get even faster profits by following the IDO which clearly gives 1000% profit, you can check the results of the IDO on binance, namely coin voxel. all investors know that high risk high return that is makes altcoins look sexy

[rhomelmabini]

Well, if you're into the macro level of things you should reason out for Bitcoin or satoshi profit, more like increasing your Bitcoin balance sheet. This isn't a weird thing but it is what it is. Most huge investors will definitely go into increasing their Bitcoin holdings and that's a fact. There comes a time when alts outperformed Bitcoin and that's the opportunity to increase your Bitcoin portfolio before the Bitcoin value flips again.

[takngantuk]

But what is your reason for buying and holding these coins? What type of profits (fiat/btc/eth/other) are you hoping to achieve and have you already taken profits?

The only reason is profit. I believe the coins I hold still have potential and the price will increase. every profit I make, I always withdraw to FIAT. and only a small part of which I bought into other altcoins.

Do you genuinely believe any of your altcoins can genuinely surpass Bitcoin or Ethereum's market values in near future?

no and it's highly unlikely that would happen. I still believe that bitcoin is the greatest coin of all time. so it's impossible for any of the coins in my portfolio to surpass bitcoin. that also applies to ethereum, and the big altcoins that are in the top5.

[marilynmanson21]

Do you genuinely believe any of your altcoins can genuinely surpass Bitcoin or Ethereum's market values in near future?

i'm not sure the altcoins I keep will surpass ETH and btc , but it gives me profit in the short and long term i'm quite happy because what i'm after from buying/storing altcoins is for the profit of getting fiat

[marcous]

It's simple that altcoins offer more attractive offerings than Bitcoin, such as Metaverse and NFT technologies. to get even faster profits by following the IDO which clearly gives 1000% profit, you can check the results of the IDO on binance, namely coin voxel. all investors know that high risk high return that is makes altcoins look sexy

All of that is always balanced with risk when the offer can be very large, so it's still not fair to say that Altcoins can be better than Bitcoin, even though it's very clear that Bitcoin doesn't offer a lot of profit but the risk is not too high, so it's all very balanced

[Yamifoud]

That I guess, the majority will invest altcoins for a profit, the same thing why I've risked a few bucks on them. And besides, altcoins just exist because people are buying and supporting their projects. Even rich people are investing just for that sake.
In fact, we sometimes notice that altcoins are even more profiting than Bitcoin and this is why people are still buying some and I do believe that it was still a good investment.

[Nahl]

I votes for fiat/dollar profit because my main reason while trade and hold the particular coins is for profit purposes but so far i didn't see any altcoins can surpassed bitcoin in the future and indeed i have several altcoins to hold but i never consider them as the replacement of bitcoin or Eth especially for long term investment i will more confident to hold bitcoin or Eth than other altcoins

[fadil46]

The only reason is profit. I believe the coins I hold still have potential and the price will increase. every profit I make, I always withdraw to FIAT. and only a small part of which I bought into other altcoins.

It's just a way of working that you can do and other people do because it's a strategy for each individual or for everyone, so as long as you are very confident in the coins you already hold, then it's not a problem that you should think about.

[super bako]

It's simple that altcoins offer more attractive offerings than Bitcoin, such as Metaverse and NFT technologies. to get even faster profits by following the IDO which clearly gives 1000% profit, you can check the results of the IDO on binance, namely coin voxel. all investors know that high risk high return that is makes altcoins look sexy

indeed to become an IDO participant is a good solution. many people get money quickly join IDO. of the many IDO projects the extraordinary thing is that the increase can reach 10x. of the capital we have multiplied by the significant increase. although sometimes there is a gradual distribution that's not a problem of course.?

[Republikcoin.com]

indeed to become an IDO participant is a good solution. many people get money quickly join IDO. of the many IDO projects the extraordinary thing is that the increase can reach 10x. of the capital we have multiplied by the significant increase. although sometimes there is a gradual distribution that's not a problem of course.?

As long as everything is still willing to be paid on time even though its implementation is gradual it is already very good and extraordinary, so I think that kind of thing is not a problem to continue to follow because taking advantage of a good moment is a very good strategy because it is an opportunity that already exists now

[batako]

To go to the moon to get fiat profits in huge amounts thats the main reason. I regreted cuz I dont hold my coins from before 2017 tightly. I sold them when I was satisfy enough with the profits I got. If and only if I still hold them till now, I might be retired already 

[Balmain]

I marked it as Satoshi in the survey, and I chose this because it was the right one. Normally I get profit by looking at fiat currency. I think increasing the number of Satoshi is a system that can be more profitable in the long run. When I buy a coin, I always have a goal and I get profit from the coin I bought, if I don't get it, keep going.

[Little Mouse]

To go to the moon. I have invested for some quick fiat profits. Have made some great return since January 2021 but down a lot now. Still 2x from the initial investment though.

Do you genuinely believe any of your altcoins can genuinely surpass Bitcoin or Ethereum's market values in near future?

I don’t think anything cab surpass bitcoin. Because it has the most cost of production, it's the most immature chain, it's the most decentralized chain. I'm not sure about Ethereum though. There might be some changes. A great project solving all the issues on Ethereum may come into the 2nd place but I can't see one till now.
However, enjin, a token on Ethereum has a huge potential in my opinion. It deserves to be on top 10 while it's still in 60+ position when I saw last time.