What's your reason for buying altcoins?

[topbitcoin]

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?

Usually what i see from buying coins is average USD profit. Because if must count in BTC, ETH and other coins, usually my coin will be back to fiat. And then if want to buy coin again i will start to fiat / USDT because nowadays there are a lot of coins which have pair with USDT not like in past which mostly in BTC or ETH.

[Farma]

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.

I think, the principles we have in holding altcoins, are pretty much the same. well, logically, why should we hold altcoins if we are not sure that the coins we have will go to the moon, or become something popular?
well, the purpose of people buying altcoins, despite the benefits, it's very clear that people are targeting profit there, and hope the coins they hold on to the moon.

[ahmia39]

For something new and instant savings with altcoins, a fairly easy way to put some unused assets into altcoins is the right way.  We can reap this if we put it in the right market in order to get the accumulated profit.

Altcoin selection also needs to be considered because not all Altcoins can have the same potential and can have the same price movement in the market, so it's not just arbitrary in choosing it too, and for savings issues and the like, I think it's more to each individual's needs.

[SlimShadyMmp]

Going to the moon is a very good idea obviously but the truth is more fiat dollar taking profit thing is way much better than wait for the moon because seriously market dumps can takeaway your profits and leave you hanging and maybe even take a serious loss

[KaliLinux]

For something new and instant savings with altcoins, a fairly easy way to put some unused assets into altcoins is the right way.  We can reap this if we put it in the right market in order to get the accumulated profit.

Altcoin selection also needs to be considered because not all Altcoins can have the same potential and can have the same price movement in the market, so it's not just arbitrary in choosing it too, and for savings issues and the like, I think it's more to each individual's needs.

Exactly, I believe even though I don't know if there are Altcoins that can do what Bitcoin has done from its creation till now in terms of percentage gains, I do however believe that there are good Alts you can invest in that can still make you good profits from staking to launchpads

[smartaction]

Altcoin is much profitable then bitcoin and Ethereum. All altcoins have possibility to pump more then 100% in one day but bitcoin or altcoin haven’t this chance. but here altcoin investment is must risky. Even then i like Altcoin investment coz of my little money.

[coinsycrip09]

Altcoin is much profitable then bitcoin and Ethereum. All altcoins have possibility to pump more then 100% in one day but bitcoin or altcoin haven’t this chance. but here altcoin investment is must risky. Even then i like Altcoin investment coz of my little money.

yes, altcoins will indeed be very profitable in some market conditions even the profits will exceed 100%. but the risk of loss will also be the same.

even if the amount of my money is small, i will still choose ethereum or bitcoin. I realize market conditions are unpredictable, sometimes i also choose to keep some new altcoins. but that's very rarely I do.

[fadil46]

Altcoin is much profitable then bitcoin and Ethereum. All altcoins have possibility to pump more then 100% in one day but bitcoin or altcoin haven’t this chance. but here altcoin investment is must risky. Even then i like Altcoin investment coz of my little money.

If you like Altcoins for a lack of money, then you immediately love Bitcoin, just because you don't have enough money to buy them right now. So there's no need to deny that here where you say Altcoins are much better than Bitcoin in terms of price movement.
You need to know that any Altcoin will not be able to pump much when Bitcoin starts to crash in the market, you can see the evidence for yourself in the market, both when Bitcoin is increasing and when Bitcoin is declining.

[benny89]

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[Henrobakkara]

Altcoin is much profitable then bitcoin and Ethereum. All altcoins have possibility to pump more then 100% in one day but bitcoin or altcoin haven’t this chance. but here altcoin investment is must risky. Even then i like Altcoin investment coz of my little money.

Are you saying Bitcoin or Ethereum? anyways, I too believe that you can make just as good profits from investing in Altcoins if you do not have enough funds for investment in Bitcoin and Ethereum and this is the main reason I too like some specific Altcoins investments and not just any Altcoin.

[blockman]

For all possible profits, it can be fiat, for conversion into bitcoin or ether, or any other cryptocurrencies that I think are valuable. After seeing the great bull run that made a lot of altcoins move up. I think that it's not that late to hold a few altcoins that I think will be growing that much when another bull run comes. Well, if it didn't go well that's just normal and fine to me. But if this bet goes in and becomes profitable, I'll convert it to fiat if I need some cash but mostly in bitcoin and a few in ETH.

[trendcoin]

My primary goal is to increase the amount of Bitcoin. But I trade for Alts/Usdt profit. Because Alts/Btc graphics are very unstable. It is not easy to evaluate them correctly. They cause too many errors. So, the best way for me is to trade Alts/Usdt. In addition, I don't think there is a coin that can surpass Bitcoin in the near or far future.

[letyouearn]

Altcoins are much more risky and volatile than Bitcoin, but the potential profit one can easily get here is really huge sometimes. So, no wonder that people are trying their luck on this market

[Abiky]

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.

Altcoins are only good for making money. But at the end of the day, they're simply "copies" of the original cryptocurrency (which is Bitcoin). Even smart contract platforms like Ethereum and BSC are based on Bitcoin's blockchain technology. There needs to be originality in order to beat the "Father of all Cryptocurrencies". Considering that most (if not all) altcoins depend on Bitcoin to survive, tells us that Bitcoin is what it's all about. We should take advantage when altcoins' prices pump to buy more Bitcoin (instead of selling BTC for alts).

I wouldn't advise anyone to sell for Fiat (unless you need the money right away) as it greatly defeats the whole purpose of crypto/Blockchain tech. Who knows how long altcoins will last? Just my thoughts

[kojektea]

Just taking a little dollar profit from trading now, bear market makes it difficult for me to choose good coins to hold for longer, I guess I'm lucky because lately bitcoin price has been going up. I can take profit quickly.

[Ngemmeng]

Just taking a little dollar profit from trading now, bear market makes it difficult for me to choose good coins to hold for longer, I guess I'm lucky because lately bitcoin price has been going up. I can take profit quickly.

Why are you confused? should be in a down market situation like now is the right time to buy (especially if stored for a longer time).
why don't you choose potential coins like ETH, BNB and MATIC ? This altcoin is very promising if stored for a long time because it is proven that the longer the price of this altcoin continues to increase.

[Nagin]

I invest in alt Coins because they are very low at this time while bitcoin is very, very high. And altcoin, give us a good profit when it's pump. So specially Metaverse and web 3.0 token, which is very good for investment. It can easily give us from 5 x to 10 x. While if we invest in bitcoin it, forgive us only 20% to 50% So this why I invested on altcoins

[fadil46]

A lot of lesser known altcoins have very few people participating in them and thus either has most people buying or most people selling. That is actually how you see those rapid crazy 100% gain and 100% loss charts: if everyone is buying...of course the price goes up.

Variations in buying coins are always in the market so that everyone who buys it always happens at different times and also on different coins so it is not easy to increase the price in the market because now the choice of coins is increasing and everyone is not buying at the same time.

[ahmia39]

Exactly, I believe even though I don't know if there are Altcoins that can do what Bitcoin has done from its creation till now in terms of percentage gains, I do however believe that there are good Alts you can invest in that can still make you good profits from staking to launchpads

For good Altcoins, it is clear that there are and I also always choose the best according to my personal analysis for now so there is no need to rely on advice from many people if it is only to choose Altcoins, because the target goal is also very clear, namely a decent profit.

[Pujangga]

My main reason is that I want to make a big profit and immediately buy a new car, currently I work in an office with a monthly salary of around $ 400, the necessities of living alone including room rent are around $ 350, this is what makes it difficult for me to save so cryptocurrencies are the hope to realize a lot Case.