What's your reason for buying altcoins?

[Vaskiy]

There are altcoins that perform good than top altcoins and even bitcoin. What I mean is the growth, and this can be a hype or sometimes be a manipulated one. To enjoy the profit one needs to be lucky and very few get an opportunity. A fine example is the Shiba, none gave consideration but things changed all of the sudden and now it is one among the highly valued altcoin in the market though it is a memecoin.

[gurunanakji777]

I don't think as of now any Altcoin will surpass Bitcoin in near future nowadays Ethereum is also getting stronger so I believe the real competition is between both of them. I buy altcoins because I can't afford to buy bitcoin as it's very costly to buy so I prefer low-value high potential altcoins if they rise they can give me much more profit than BTC or Ethereum in terms of percentage but the fact is most of the Altcoins diminish in long term still trying my luck and I have trust on my own analysis.

[ahmia39]

The reason I bought altcoins is because of fiat, my goal in buying altcoins is to make a profit, so when it comes to the technology in it, I don't really understand it and I just need to understand the basics, the most important thing is profit.

Profit is indeed the final thing that is always prioritized by everyone and also it is always the ultimate goal for everyone, so this issue of profit always has to do with the initial decision before being taken as the main step for everyone.

[Farma]

because of its potential to the moon. we don't buy altcoins just because we like them, but we need to see the potential of their development and their demands and needs. if the development from year to year is quite good, and the market demand is also very large, then it becomes an interest for investors to buy the coin, especially if its use is very widely used. because of all its advantages, its potential to the moon is huge, and many people are becoming interested in buying it.

[panukurap]

I prefer to buy altcoins because I prefer to do day trading rather than HOLD coins. Indeed, this sounds a little strange, yes, but I am still learning to control my emotions well, therefore I am not too brave to take steps for HOLD. Indeed, many say that the benefits of HOLD will be much more, therefore I will study more deeply. So far, the profits I get from daily trading have met my needs and even more than enough. Moreover, I get them in the near term so that when there is an urgent need, I don't have to worry about making money.

[adiebitsler]

I choose fiat profits and also expect the altcoins I hold will go to the moon, it may seem selfish but that's one of the reasons I hold altcoins instead of having to invest in a bank.

Indeed, no one recommends investing in a bank , so as long as you want to hold your altcoins for profit, I don't think it will be wrong and it's not a greedy thing that you have to tell many people, because it is a very natural thing.

[bitbollo]

I don't think there is an altcoin capable of replacing the role of bitcoin as the "gold standard in the crypto sector" .

Some altcoins have a specific use in certain situations (in the past it was very common use dogecoin between two exchanges since fees was of 1 dogecoin and not 0.0001 btc) and it's more comfortable than bitcoin .
In the end, the only real currency that matters, and the only reference currency is always bitcoin.
All price are based in bitcoin. All exchanges accept bitcoin and all people using crypto will accept always bitcoin.

This preamble, to say that all the exchanges I make or trade have in mind the idea of accumulating as many satoshi as possible and not looking for the "new bitcoin" which is just a chimera.

There are too many unique and unrepeatable aspects behind bitcoin. As soon as these aspects are realized (it is not easy and at least for me it took time) it becomes clear the strategic importance of this crypto currency which "is here to stay" and to become an economic point of reference at every level.

[Ngewex Yuk]

The main reason of course is to want to get big profits and be able to have passive income, I believe with altcoins then I will be successful like many people's stories, this is easier than investing in other places that take a long time for big profits, some altcoins that I save for the long term are MATIC, BNB, Crypto.com and so on.

[Sled]

The main reason of course is to want to get big profits and be able to have passive income, I believe with altcoins then I will be successful like many people's stories, this is easier than investing in other places that take a long time for big profits, some altcoins that I save for the long term are MATIC, BNB, Crypto.com and so on.

Well, never think about easy investment as crypto never fits that. Maybe you would say it was a risky investment.
Of course, people who invest in Altcoins (or even Bitcoin) have one reason I think and that is to make a profit. Do some say they fail and lose their money when investing in crypto? That eventually gonna happen who never know what they are doing as choosing the most promising coins is highly appreciated in order to reach our goal.

[DeathAngel]

My portfolio is very low on alts. I am heavily in bitcoin & am less interested in alts. I have to be honest though, my reason for buying & owning alts is because you can make really high returns which I mostly always convert to bitcoin or fiat. I don’t believe in alts long term, I wait for them to pump & then I dump.

[Ten98]

I'm sure to buy altcoins because I see a lot nowadays that there are many altcoin developers who always try hard to build their fundamentals well. Although bitcoin always has a big influence on the ups and downs of altcoins, many altcoin projects are growing day by day. holder that the altcoin is going to the moon.

That means that what remains to be seen is Bitcoin and that can also help everyone in deciding what Altcoin they should choose so there is less chance of getting lost because not all Altcoins can be good to choose in the current conditions.

[fvb]

Voted in your poll. I will explain why I buy altcoins. Everyone is doing it for profit in the future. Profit from this received and I hope that in the future I will also receive. To the question that altcoin can surpass bitcoin in value, I will answer no.

[Maestro75]

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

I do not know if overtaking bitcoin market value will be possible but I know it will not be long before another altcoin overtakes Ethereum. ETH does not look strong to remain the second player to bitcoin convincingly for years to come and this will not take long before it is exposed. Three years ago am sure no one believed BNB will ever be in the third position it got to before USDT chased it down to 4th position where it is presently. Yes I believe this will change.

[iv4n]

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

I do not know if overtaking bitcoin market value will be possible but I know it will not be long before another altcoin overtakes Ethereum. ETH does not look strong to remain the second player to bitcoin convincingly for years to come and this will not take long before it is exposed. Three years ago am sure no one believed BNB will ever be in the third position it got to before USDT chased it down to 4th position where it is presently. Yes I believe this will change.

I think the same as Maestro, Ethereum doesn't look strong to be second! Discussions here are pointing in other directions, at least for us who are long enough in crypto, there are better platforms! I think the world will find out about them soon, and like some of us here moved from Ethereum the same will do many others!
Crypto is still young, I think we will see many changes in the future! At least take a look at the top 10 list in the last 10 years, and except Bitcoin, in the first place, everything else is different!

[Synerggy]

It's near impossible for any altcoin to beat what BTC have achieved so far but at the same time altcoins brings more profits than BTC, I would definitely hold for long term so as to make better profits out of the altcoins.

[gabbie2010]

Voted in your poll. I will explain why I buy altcoins. Everyone is doing it for profit in the future. Profit from this received and I hope that in the future I will also receive. To the question that altcoin can surpass bitcoin in value, I will answer no.

The sole reason and purpose of buying Altcoins is for it to moon massively in the future and cash out, so many Altcoins had pumped and trended well in the past e.g BNB , Solana, Dot, AXS, Luna etc did exceedingly well, investors of those Altcoins must have earned huge profits infact some of those Altcoins will still pump massively in the nearest future a big plus for it hodlers, more of these Altcoins are still coming up though there are numerous altcoins in the market it's up to every new investors to dig deep and make some thorough research and invest in potential ones.

[LUCKMCFLY]

I bought altcoins compared to bitcoin because I saw the possibility to skyrocket greater than hold bitcoin, as we know that the price of bitcoin is already expensive while currently many altcoins are very cheap even if we invest only $ 10 then the opportunity to get big profits because new coins are usually will burn or pump big.

It's actually the same, bitcoin and altcoins have the same potential. On the other hand, some altcoins are following the trend of bitcoin. But it comes back to ourselves, where is the most comfortable place to invest, because both of them have promising ones. But when it comes to the long term, I think I would prefer bitcoin.

My reason for buying altcoins at the moment is that the price is very low, and the truth is that it is good to buy coins like solana, matic, because they are coins that can go up at any moment, of course depending on the behavior of BTC, however in I am currently buying these altcoins for the simple reason that I know that the NFT games of the metaverses will go to the Polygon network and to the Solana network, thanks to the low fees offered by these networks. When we see other reasons like being a fan of a currency or something like that for being enthusiastic, I respect and admire it a lot, but right now I look a lot at what the market numbers represent, and how much profitability it can offer in the long term with really strong currencies.

[nimogsm]

It's near impossible for any altcoin to beat what BTC have achieved so far but at the same time altcoins brings more profits than BTC, I would definitely hold for long term so as to make better profits out of the altcoins.

I hold the same opinion, it is very unlikely that anyone will be able to overtake bitcoin in terms of capitalization from altcoins.What is their advantage for me personally is that for a smaller amount you can get more benefits in a shorter period of time.Bitcoin likes longer distances.

[bimbimabimanyu]

the main reason why i buy altcoins is for fiat/dollar profit. Another joy is that I can feel how it feels when I see significant movement in my portfolio in the form of Altcoins. I'm not lying that I really felt the sensation. when I invest in Altcoin A with capital = $500 only in a certain time I can earn $300. whereas if I invest in BTC with capital = $ 500 then it will take me a long time to make a profit with minimal capital.
Although I agree that BTC is more suitable for the long term and can also minimize the risk of loss in investment. I hold BTC only for long term, I don't care to invest in BTC until it drops around -50% of initial capital, I don't consider it a loss because my main goal in BTC is only for long term while my main goal in Altcoins is just for fun.

[bhadz]

It's near impossible for any altcoin to beat what BTC have achieved so far but at the same time altcoins brings more profits than BTC, I would definitely hold for long term so as to make better profits out of the altcoins.

Just don't think about an altcoin will beat bitcoin. If it's possible, it will take forever for them to beat it. But if there's the sense of investing into alts, you should choose what you think is the best that you can see.
Some altcoins are just good to be avoided because they don't have concrete plans of developing it for the long term. And later, you're going to see those projects that are worth it because they're continuous in development.