What's your reason for buying altcoins?

[n0trub]

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?

My reason to buy altcoins is to make profit. They usually have wilder fluctuations in price, than Bitcoin itself. But I wouldn't take them as a serious investment (except for Ethereum) simply because they can instantly "disappear" in a blink of an eye. I don't believe any other cryptocurrency will be able to surpass both Bitcoin and Ethereum, because these two have first mover advantage. Not only that, but they're the most decentralized cryptocurrencies in the world. Other coins may be faster and cheaper to use, but they lack security & reliability. It's why most investors trust BTC and ETH more than anything else.

I've already placed my vote, and was not surprised to see the majority voted for the same thing (choosing alts for profit). After all, most people are into crypto to become rich quick. What ultimately matters is the usability of any given cryptocurrency. As long as the cryptocurrency you're investing into provides real use cases to the mainstream world, nothing else matters. Remember, it's not about hype but rather "concrete results". You'll be on a road towards non-stop success if you play your cards right. Just my thoughts Grin

[mmoRRiss]

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 have more in ETH in my wallet then BTC. I believe ETH will reach $6,000 in the next 3-6 months, as he recovers from the January flash crash, but we can see that the price is growing, therefore I try to retain every token that generates ETH. The cryptocurrency market is nearing the end of a four-year pricing cycle. I'm keeping on to ReFi because of their rewards, and I'm optimistic about the ETH price right now. Altcoins still hold a lot of my faith. Although Altcoins did not perform as well as expected last year, investors continue to flock to NFTs and the Metaverse. We'll have to see how cryptocurrencies do this year, but I've noticed a lot of interest in the Metaverse. I'm investing in certain gamefi companies like ENGN and Aragon, and they have a good business model.

[dbc23]

Lately I meet a group of friends who told me the invest in altcoin to make profit so they can increase their Bitcoin holdings. And at some a valid reason with them. They said their strategy was quite simple since the couldn't vouche for any altcoin they kept their profits minimal and avoid projects that has had massive profits already so the get the early profit from new projects take the profit off and invest in Bitcoin.

[LUCKMCFLY]

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?

Metaverse projects can make a difference in future, many think otherwise, but i am always thought positive about them. Being involved in the early stages of a game project that has the potential to affect the industry. Companies are investing billions of dollars in metaverse and blockchain gaming projects, implying that the decentralized gaming sector will expand this year. I heard, and decided to follow ENGN concepts since they create the game around blockchain functions; the game can now be built using traditional gaming mechanics, and ENGN can be applied to bridge the gap in the game.

The only reason why you could buy altcoins right now is because they are actually at a very good price, they are cheap, and it is best to buy when you don't need that investment money but it is left there as if it were a savings, just that the savings will pay off when the BTC begins to give its bullish run, because every altcoin is dependent on BTC, at that time it will not have to wait because I am sure that it will grow in price, obviously if the currency is worth it, if not it is very difficult for them to put a recovery the altcoin.

[Imran232]

My vote is to go to the moon. Look, I believe that bitcoin is the world's best coin, but our problem is its price. Let me explain. First of all, we are not that rich to buy a whole bitcoin. I buy $100 worth of bitcoin at a price of $38K. If the price goes up to $76K, my amount will be $200 and I will get $1K when the bitcoin price reaches $380K. For a low-class investor to get 10–50x profit from bitcoin is really tough. That is why we invest a lot in altcoins and we invest in bitcoin too. Because altcoin is undervalued, we can obtain a large quantity for a small sum of money. easy to get 10 to 100x. That is my opinion; others might be different. Thank you.

[$anounimus$]

I vote for fiat/dollar profits because the majority of exchange volumes are now extremely vulnerable to corrections, and alt-coin fundamentals are becoming increasingly important. For example, When news broke that the Russian central bank sought to ban bitcoin, for example, crypto was still sideways and going up when the news broke, but the next day it smashed down hard.

[GOGE.Co]

The ability to earn money attracts a lot of people to the cryptocurrency industry. Many altcoins grow in price even more than Bitcoin.
That is why people prefer to buy altcoins to have maximum profit.
But many things depends on how useful altcoin is. For example appear altcoins that help to save money during shipping, trip or vocation https://www.facebook.com/permalink.php?story_fbid=102517842352379&id=101007292503434

There are a lot of new altcoins that appear every day, but a lot depends on how useful is the altcoin and how people will use it in the future.
That is why it is very important to evaluate the future potential of altcoin before investing not to lose money on the investment.

Some altcoins will allow earning much profit. But not all altcoins will be able to survive during the fall of the market.
Only the best altcoins that are really useful for people will be able to survive.
Also, a lot depends on how long will be a fall in the market.

[Predict_Vision]

The ability to earn money attracts a lot of people to the cryptocurrency industry. Many altcoins grow in price even more than Bitcoin.
That is why people prefer to buy altcoins to have maximum profit.
But many things depends on how useful altcoin is. For example appear altcoins that help to save money during shipping, trip or vocation https://www.facebook.com/permalink.php?story_fbid=102517842352379&id=101007292503434

Some altcoins will allow earning much profit. But not all altcoins will be able to survive during the fall of the market.
Only the best altcoins that are really useful for people will be able to survive.
Also, a lot depends on how long will be a fall in the market.

The reason to buy altcoins is to earn money on investment because the price of altcoins rises.
Now cryptocurrency market restored and many people trust cryptocurrency.
The economical and political situation in the world is difficult and many people prefer to use cryptocurrency.

[juanda]

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 invest in bitcoin because in my opinion bitcoin is the only best coin of all time. and this is indisputable. so I keep trying to collect as many satoshi as possible, and hope that someday with the scarcity of bitcoins and the increasing price, then I have some bitcoins in the future. this is not just a goal but this is my ideals future.

[LastKiss]

~snip~

Now cryptocurrency market rise and a lot of investors will have opportunity to earn money on investment in cryptocurrency.
A lot of new projects will appear and investors will have a big choice of different projects.
It is very important to check everything to evaluate the prospects of the project.

The main reason to buy altcoin is its price growth.
People buy altcoin to earn money on the price growth.
But it is necessary to create demand in an altcoin. The more demand the higher price of an altcoin.

A lot of people invest in altcoins because their ROI is sometimes higher than Bitcoin itself but many of them don't aware of their risk tho. Well, it's acceptable if Altcoins we invest in are top altcoins but if we invest in new altcoins we should be careful from choosing them because many of them will end scam and don't forget that we should use our money that we can afford to lose.

[GowithMi_GMAT]

~snip~

Now cryptocurrency market rise and a lot of investors will have opportunity to earn money on investment in cryptocurrency.
A lot of new projects will appear and investors will have a big choice of different projects.
It is very important to check everything to evaluate the prospects of the project.

The main reason to buy altcoin is its price growth.
People buy altcoin to earn money on the price growth.
But it is necessary to create demand in an altcoin. The more demand the higher price of an altcoin.

A lot of people invest in altcoins because their ROI is sometimes higher than Bitcoin itself but many of them don't aware of their risk tho. Well, it's acceptable if Altcoins we invest in are top altcoins but if we invest in new altcoins we should be careful from choosing them because many of them will end scam and don't forget that we should use our money that we can afford to lose.

In addition to investing because of ROI, it should be underlined that ordinary people also tend to think investing in cryptocurrencies can result in a redistribution of wealth in no time. so it's not surprising if someone who comes to the world of cryptocurrency often experiences losses because they only see it from one side and without thinking about the risks that will be accepted. Regardless,I always recommend using "beginner" cold money before investing in altcoins and don't forget to research the project further.

[LUCKMCFLY]

the reason I buy altcoins is to get fiat profits and why in altcoins because if I invest in bitcoin my capital is only a little for bitcoins which are too expensive so I choose altcoins that are still cheap and I think with a low price I will get a big profit.

One of the things by which you can make profits is with altcoins, because if you look at it, right now if the war develops completely it is difficult for it to rise in price, in fact it is very likely that BTC will fall even more , but the moment the market recovers, or the BTC recovers and is on an upward trend, that is when the benefits of altcoins will be seen. As you think, it is the best, but you have to have the stomach to resist as long as it takes until BTC rises in price. Here you have to have an investor-style thinking, not extract the money from the investment until you see benefits, you can apply the principles that Warren Buffet teaches in his books, which are fully applicable to the crypto market.

[MCVXYZ]

As of now Im trying to get more and more helium and deeper network cryptocurrencies. When I check helium network on the map it becomes bigger and bigger everyday,they have such a structure of rewards that people want to use these hotspots,therefore i think price will be much more than now.

[Yurkov]

The main reason why we invest in cryptocurrencies is to earn as much as possible on it.
I invest in new and cheap altcoins with the hope that in a few years, or maybe even in a few months, their price will shoot to the moon and thanks to this I will earn on Lambo. 

[strunberg]

The main reason why we invest in cryptocurrencies is to earn as much as possible on it.
I invest in new and cheap altcoins with the hope that in a few years, or maybe even in a few months, their price will shoot to the moon and thanks to this I will earn on Lambo. 

it is common reason investors coming year, hype that describe we can be rich man only in several days or month was be main reason. and actually its proven to some people , they get their lambo or maybe having land as assets.

The reason I buy and hold bitcoin is to chase fiat and BTC profits expecting the altcoins I own to the moon.
I only believe that the altcoins I own will increase many times in value but not if they exceed the market value of Bitcoin or Ethereum.

pick altcoin with strong fundamental  as long term investment if we believe to its future feature that attract alot investors. several project with solid team and roadmap will getting stronger in several months or year. bitcoin as main cryptocurrency market have special attention and recognized as market mover.

[Oneandpure]

~snip~

Now cryptocurrency market rise and a lot of investors will have opportunity to earn money on investment in cryptocurrency.
A lot of new projects will appear and investors will have a big choice of different projects.
It is very important to check everything to evaluate the prospects of the project.

The main reason to buy altcoin is its price growth.
People buy altcoin to earn money on the price growth.
But it is necessary to create demand in an altcoin. The more demand the higher price of an altcoin.

A lot of people invest in altcoins because their ROI is sometimes higher than Bitcoin itself but many of them don't aware of their risk tho. Well, it's acceptable if Altcoins we invest in are top altcoins but if we invest in new altcoins we should be careful from choosing them because many of them will end scam and don't forget that we should use our money that we can afford to lose.

In addition to investing because of ROI, it should be underlined that ordinary people also tend to think investing in cryptocurrencies can result in a redistribution of wealth in no time. so it's not surprising if someone who comes to the world of cryptocurrency often experiences losses because they only see it from one side and without thinking about the risks that will be accepted. Regardless,I always recommend using "beginner" cold money before investing in altcoins and don't forget to research the project further.

One decision and reason only about investing or buying altcoin is ROI or how possible to get much profit every trading altcoin time, but some time have trader or investor not really smart how to earn profit because panic time buy several altcoin on the top price and make them keep as an long term holder. I think need most good technical way how to be smart trader and keep consistent with getting ROI or profit every time buying altcoin.

[NewRanger]

The main reason why we invest in cryptocurrencies is to earn as much as possible on it.
I invest in new and cheap altcoins with the hope that in a few years, or maybe even in a few months, their price will shoot to the moon and thanks to this I will earn on Lambo. 

all of have same dream why investing in crypto market.hope and faith to be rich person be main purpose and goal involving in crypto. moroever we see alot altcoin soar with unrational return only in few days or even hours. speculation in new coins now rising since it used as main strategy to earn money fastly without care with risk itself.

[Bertyda]

The ability to earn money attracts a lot of people to the cryptocurrency industry. Many altcoins grow in price even more than Bitcoin.
That is why people prefer to buy altcoins to have maximum profit.
But many things depends on how useful altcoin is. For example appear altcoins that help to save money during shipping, trip or vocation https://www.facebook.com/permalink.php?story_fbid=102517842352379&id=101007292503434

Cryptocurrency continue to be very ustable and unpredictable.
It is hard to say if cryptocurrency market will continue to rise, but many people believe that cryptocurrency market will rise.

The main reason that people to buy altcoin is to earn money.
Now many altcoins allows different opportunities that allow people to earn money.
Many altcoins are use now for investement opportunities.
More and more people prefer cryptocurrency than fiat.

[developeron29]

Some of them have superior returns. My mantra is to invest in alts, make profits and stack more sats with those profits
https://everycoinprice.com/?symbol=AXS&interval=1year&exchange=0

[swogerino]

The main reason why we invest in cryptocurrencies is to earn as much as possible on it.
I invest in new and cheap altcoins with the hope that in a few years, or maybe even in a few months, their price will shoot to the moon and thanks to this I will earn on Lambo. 

it is common reason investors coming year, hype that describe we can be rich man only in several days or month was be main reason. and actually its proven to some people , they get their lambo or maybe having land as assets.

The reason I buy and hold bitcoin is to chase fiat and BTC profits expecting the altcoins I own to the moon.
I only believe that the altcoins I own will increase many times in value but not if they exceed the market value of Bitcoin or Ethereum.

pick altcoin with strong fundamental  as long term investment if we believe to its future feature that attract alot investors. several project with solid team and roadmap will getting stronger in several months or year. bitcoin as main cryptocurrency market have special attention and recognized as market mover.

I have seen the roadmap of FUN token and it promises a lot and so it did since April last year but the price of such altcoin is just 0.01 Cent and its all time was 0.19 Cent.They have implemented a Dplay casino,you can use FUN also to buy or pay for trips through some website I forgot the name now,also many other plans they say that are in place for 2022 yet the price is not moving at all.What I want to say is that even having strong fundamentals backing it up not always is converted to a higher price for such altcoin.