What's your reason for buying altcoins?

[Strongkored]

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

I have investments in altcoins, not distrust in the altcoins I have but I am sure especially at this time that no one altcoins I own can surpass Bitcoin that's a hard things, while to surpass ETH is possible but it is very unlikely to happen in this year or in short term.

[globalpain]

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

I have investments in altcoins, not distrust in the altcoins I have but I am sure especially at this time that no one altcoins I own can surpass Bitcoin that's a hard things, while to surpass ETH is possible but it is very unlikely to happen in this year or in short term.

Yes to be able to surpass or beat Bitcoin so far is very difficult but even so I see Ethereum has the potential to do that in the future,
Of course we also have to follow its development and we'll see later,
what is clear in crypto is difficult to predict

[prosperoustop]

now altcoins - it is actions from big companies, like metaverse projects, and it is perspective for future, also altcoins gives x10, x100 profit, but it is high risk

[TheListener]

Because I am sure alt coin investment in not bad because from other trend alt trend give us a great profit So when bitcoin dump alt dump too much so better to took some alt for huge profit

[pealr12]

I don't know how to react to the op post, especially asking what type of profit you hope to get! Really? What does it matter what kind of profit, the bottom line is you are making something out of your investment which is the number one goal of many investors,
In case @op is new to alts investment, you can't compare investing $100 on alts same as investing $100 on btc, the former has high profit opportunity than the latter. That simple.

[MarjorieZimmermanGinger]

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?

I don't believe that altcoins can surpass bitcoin at any time, but what makes me interested in altcoins is because of the many available coins that we can use for investment, bitcoin has a very high selling value, almost 60% of people can't afford to invest in it, so people -people have to take other steps, in order to take advantage of investing in altcoins, this is what influences altcoins to continue to be driven to successful development.

[aryana42]

Fiat profit is my top choice. The purpose of investing in projects with the aim of delivering more in the future than the current investment value. Spending part time constantly monitoring market conditions and wisely reviewing Altcoin development issues so as not to make wrong decisions. And speaking Alt is far from likely to surpass the price of bitcoin.

[RealMalatesta]

Fiat profit is my top choice. The purpose of investing in projects with the aim of delivering more in the future than the current investment value. Spending part time constantly monitoring market conditions and wisely reviewing Altcoin development issues so as not to make wrong decisions. And speaking Alt is far from likely to surpass the price of bitcoin.

I am from a country where there are a lot of restrictions to buy or sell cryptocurrencies hence I never target fiat profits. I am always investing/collecting altcoins with the aim of maximizing my bitcoin stash. This is the reason I am always preparing to calculate my profit or loss only in btc values. When you are believing in to the stronger future for bitcoins then you will try to maximize your bitcoin holding in all possible opportunities and for me altcoin investments must be one of them.

Honestly I never plan of any long term holding for any of altcoins as I never believe into any promises; this way I will always rush for encashing altcoins into bitcoins and so far it helped me in better way.

[Coyster]

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

In my own opinion, I don't think so, no coin can do that, with Bitcoin there is a real use case and it's heading for mass adoption. Having said that, I believe quite a lot of investors buy altcoins cause it can give returns in the short term, that's why it's referred to as short term investment, many altcoins pump and dump, thus if you're lucky to buy it and then it pumps, that'll give good ROI, and many Investors go through this strategy, that's cause they do not have the patience to wait in the Bitcoin network for long term returns, they want to make profit a little time after they have Invested.

[Luqman]

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?

I choose altcoin investment because altcoins can increase very significantly. The volatility in altcoins mostly is bigger than in Bitcoin. Everybody must know that some altcoins could increase above 100% or even above 1000% in a short time. It cannot happen in Bitcoin, Bitcoin needs a long time to increase above 100%.

When I take profits, I prefer to convert them to fiats. At the end of bullish day, I dream to collect all profits in fiats. It makes me easy to count how much the profits got during the bullish season.

[nakamura12]

I would say that the reason I am buying altcoins is for transferring of the funds or to sell to fiat as it doesn't cost much in transaction fee. Some altcoins doesn't need much fee and especially at this kind of time where we are hit with the typhoon rai. So, using the lowest transaction fee would be beneficial to me. Internet is also a problem here so fast confirmation would also be good.

[ipanks]

My reason for buying altcoins is to increase my bitcoin and usdt simultaneously because some altcoins can jump higher in the usdt pair. So that will make sense if I am trying to buy many good altcoins that can increase someday, whether it will increase in a short time or longer. In the last bull trend, my altcoins give me a big profit so that is why I will still buy many good coins because, with that, I can make more bitcoin.

[Reid]

No, I don't believe that. What I do believe is we should just take advantage of the altcoins in the market. Buy them, wait for the hype for the price to go up  and then withdraw it for USD. Now it depends on the investor of what coin he prefer next to buy it back. He could use all those profits to buy Bitcoin or Ethereum and let it stay or just buy another altcoin and do the same thing until you are satisfied.
It may not be an easy task but it could work if done on the right method. My preferred strategy is buying it in Bitcoin whenever a dump happens.

[nitin8263]

Altcoins is the best strategy to make your portfolio high because if you buy the best altcoin then that Altcoin will give you much higher return if you compare with BTC.

[WannaCry]

there are some reasons why I am buying altcoins, those reasons are also in the poll. But my main reason is to stock up for the future.
Regarding this - Do you genuinely believe any of your altcoins can genuinely surpass Bitcoin or Ethereum's market values in near future? i do not believe that

[tvplus006]

Most traders who buy altcoins expect a large profit from them, which amounts to hundreds of percent and which cannot be expected from BTC in the short term. In the future, everyone distributes the profit differently, which is sent either to fiat or to buy top coins, such as BTC and ETH, for the hodl.

[yayayo]

Most traders who buy altcoins expect a large profit from them, which amounts to hundreds of percent and which cannot be expected from BTC in the short term. In the future, everyone distributes the profit differently, which is sent either to fiat or to buy top coins, such as BTC and ETH, for the hodl.

That’s right, and that would also include me, those who buy altcoins who’s after gaining profit from such and stretching every opportunity there is to multiply it. And this is also an influence of the saying that we must diversify our crypto portfolio,  which I believe to be my safety plan.

ya.ya.yo!

[Coyster]

Altcoins is the best strategy to make your portfolio high because if you buy the best altcoin then that Altcoin will give you much higher return if you compare with BTC.

Mind you that this is not always the case, altcoins are soaked with risks cause many of them are pump and dump coins, and if you're unlucky, they'll dump when you buy them and you'll lose your funds, what altcoins are good for is short term investment, when you put your funds in when the price is low, you immediately withdraw when it pumps, it's very risky cause it's almost impossible to predict, though people do make profits that way, but many more people incur losses and it is what it is. Bitcoin is by far a more better option, especially if you're looking at the long term return/profits, it's not a pump and dump coin, so you can be rest assured that it wouldn't just dump/plunge and stay down, it'll always rise back up till you eventually make profit.

[tulusikhlas]

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?

The dominance of bitcoin in the market is so strong, the possibility of surpassing it is so small, it can even be said to be non-existent. Even so, alternative coins can be another option to enter in it. For example, when bitcoin is experiencing a correction. In altcoins there are also other interesting offers, so don't just focus on one point. Judging from its development I can say, owning altcoins is something that must be, as our long-term asset.

[Den3892]

Personally, I buy tokens and keep them for hold to make a profit in the future. When buying, I analyze, first of all, the project itself and its idea. If I see that this project solves a specific problem and has possible directions of development. Then I bet on it. Also analyzing the main parameters, capitalization. team and tokonomics. For example, I hold the Near Protocol token, because I see the potential for possible development in various aspects, for example, cooperation with different blockchains that is already taking place, and against the background of this possible news, the token  itself will grow strongly. Therefore, I think it is important to take into account the possible ways of development!