What's your reason for buying altcoins?

[Mosharafhh]

Only reason for altcoin holding is make much profit than fiat holding. Altcoin grow very soon with their usecases and also polpularity. There is so many altcoins which made 1000x in just few days if you think politely about your future then you also know about the main reason in altcoin investment! Also now a days buying bitcoin is too much costly for a new small investor altcoin is perfect on that also

[budz0425]

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.

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?

I voted for Fiat currencies, my reason is the volatility. I'm afraid to lose so much if the token becomes less valuable. unlike fiat currencies that is stable

[imamb]

Only reason for altcoin holding is make much profit than fiat holding. Altcoin grow very soon with their usecases and also polpularity. There is so many altcoins which made 1000x in just few days if you think politely about your future then you also know about the main reason in altcoin investment! Also now a days buying bitcoin is too much costly for a new small investor altcoin is perfect on that also

the thing that has always been everyone's hope is waiting for the 1000x coin increase, but all about patience to be a success, many people don't accept the process. for me it's all about experiences that will change from our attitude to problems that can be faced. the risk that must be accepted can accept.?

[Darktongue]

Here we should talk about chances because Bitcoin price was on the bull run in the first quarter. I don't find any reason to buy Bitcoin. So the big chances or percentage goes for flat currency or stable coins. In a simple or historical way, Bitcoin won't cross the last ATH. Almost 1 year has passed since Bitcoin's price is stuck in one place where we can make some profit from Bitcoin, but profit expectations must be low.

[Crytpo-Guy]

Alt coins brings you more profits than Bitcoin. Bitcoin is more like a stable coin, its pumping rate is slow compare to those alt coins which makes 100x in a day. They don't even wait for a year before running to 1000x as the case may be. Investing in Bitcoin is not risky because of it's large market cap and trading volume. Many alt coins pump and dump. Not all alt coins are listed on Top exchanges like binance. I would urge you to start the crypto space with alt coins, their gains are massive.

[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

Investments in altcoins more profitable then investment in Bitcoin, but they are more risky too.
It is very important to check everything before investing to evaluate the future potential of the coin.
Not all the coins will be able to survive during the fall of the market.

It is very important to evaluate the potential of altcoins not to lose money on investments.
Now all altcoins will be able to bring profit.
Not all altcoins will be able to survive during the fall of the market.
That is why it is very important to check everything befor investment not to lose money.

[Erumo]

No one has ever mentions such simple reason as availability. It is easier to buy altcoins than Bitcoin. Alts are cheaper. Blockchains that they are created on charges lower fees than Bitcoin and are quicker. With altcoins, you can buy an alt on dex that is worth 1 satoshi and get it for free (if you get crypto for transaction from faucet). With bitcoin you can buy 1 satoshi, but you will pay exchange trading and withdrawal fee.

[ZaMRoneY]

I feel like Buying BTC and ETH feels much safer to most of us due to the impossibility of them disappearing over night but as for many alt coins like they can easily go 90% over a small course of time but it works both ways and if you DYOR you might stumble upon a hidden gem that has a high risk and high reward scenario that's worth risking. Even tho i mostly hold only BTC and ETH i got 25% of my portfolio spread between 2 Gaming/metaverse coins $ENGN and $Lunafi both play big role in the future of Metaverse/Gaming. Any thoughts about them?

[BitTraderCute]

A lot of depends how useful is altcoin and does it have any practical use.
Now many people have cryptocurrency and they want to spend their cryptocurrency for trips, vocations and for shoping and to receive different discounts in cryptocurrency.

unfortunately very rare we met those utility in our real life. so far i am only know StormX which i could use for having trip, paying bill on online marketplace. most of utility from crypto project used in cryptocurrency market ecosystem only and few of them could to pay our daily needs bill.

It is very important to evaluate the potential of altcoins not to lose money on investments.
Now all altcoins will be able to bring profit.
Not all altcoins will be able to survive during the fall of the market.

only altcoin with real utility in crypto ecosystem will survive for long time no matter what market condition.

[Ureung jameun]

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 bought bitcoin with the excuse of waiting for the altcoin to go to the moon. and this has really given me a big advantage. and i have enjoyed it with dogecoin, although dogecoin is considered a coin meme but for me dogecoin is an amazing altcoin and able to go to the moon. and for the next altcoin I'm looking forward to is Solona because I'm sure solona will go to the moon although not in the near future.

[SaveOurSea]

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 bought bitcoin with the excuse of waiting for the altcoin to go to the moon. and this has really given me a big advantage. and i have enjoyed it with dogecoin, although dogecoin is considered a coin meme but for me dogecoin is an amazing altcoin and able to go to the moon. and for the next altcoin I'm looking forward to is Solona because I'm sure solona will go to the moon although not in the near future.

I respect your opinion about dogecoin and I think we are free to say,
but if we talk meme coin it is not a good coin for long term investment and holding it too long it will be risky,
so don't get your hopes up on the meme coin that it's going to the moon

[DeathAngel]

My one & only reason for dabbling with alts is to get more bitcoin. I can’t be any clearer or honest than that. There is very low utility & very small future success for most alts but if I can manipulate them to help me gain more bitcoin then easy work.

[Abiky]

My one & only reason for dabbling with alts is to get more bitcoin. I can’t be any clearer or honest than that. There is very low utility & very small future success for most alts but if I can manipulate them to help me gain more bitcoin then easy work.

I think most people who are into altcoins do basically the same thing as you do. They usually "play" with alts to get more Bitcoin in return. After all, there's a wide array of coins with attractive rewards that can't be beat. "De-Fi" and PoS is where the money is, so buying and "hodling" altcoins in the long run will leave you with plenty of BTC in your wallet.

Considering that 90% of altcoins are pure speculation, it's easy to make money with any altcoin than Bitcoin itself. Look at how DOGE went from being worth nothing to something since the start of 2021. Ultimately, a very small number of altcoins will survive while the rest will go all the way down the drain. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my opinion

[SUPERSAIAN]

I usually buy alt coins to go to the moon. If I had a little patience, I would have gone to the moon many times, I have always made mistakes, but each time I had the chance to learn something new. I already have a few investments to go to the moon. In fact, the best thing in the long run is to look at the satoshi earnings and hodl btc with most of the earnings. I have to go to the moon first

[lepbagong]

obviously because altcoins have a lot of value variations available and can be adjusted to the funds we have, which is impossible for us to do with bitcoin. holding an altcoin can someday increase it by converting it into bitcoin, so it will become more valuable.
although it may not be easy to find an altcoin that can provide huge profits if it is not an altcoin that is indeed in the best ranking position in CMC.
because to look for altcoins in new projects, although very profitable but indeed also with no small risk that can happen SCAM, so it must remain wise in applying to buy altcoins.

[Dr.Osh]

My one & only reason for dabbling with alts is to get more bitcoin. I can’t be any clearer or honest than that. There is very low utility & very small future success for most alts but if I can manipulate them to help me gain more bitcoin then easy work.

Well, maybe most of us are like that, especially when it comes to new altcoins. however, the main goal is to multiply the main assets. New altcoins are used to support our main coin, because sometimes new altcoins have a high price increase potential, but if the project is not so good, the price will decrease over time. it's the same as the coin I've been holding up until now. initially this coin went up to $60, and it made me think it could go as high as $100. however, the quality is getting worse and worse, and I'm stuck at $1 to $2. well, it hurts, but because of that, I also feel that buying new altcoins sometimes we use to back up the main asset.

[100xcoin]

My one & only reason for dabbling with alts is to get more bitcoin. I can’t be any clearer or honest than that. There is very low utility & very small future success for most alts but if I can manipulate them to help me gain more bitcoin then easy work.

The most important for new altcoins is to check how they are useful for people and what opportunities and tools for people they offer.
Now Anonymous Trading is popular and in demand like that https://medium.com/@test566566566/what-is-anonymous-trading-and-why-do-traders-need-it-fd9f72d6f75

[d3nz]

My one & only reason for dabbling with alts is to get more bitcoin. I can’t be any clearer or honest than that. There is very low utility & very small future success for most alts but if I can manipulate them to help me gain more bitcoin then easy work.

Well, maybe most of us are like that, especially when it comes to new altcoins. however, the main goal is to multiply the main assets. New altcoins are used to support our main coin, because sometimes new altcoins have a high price increase potential, but if the project is not so good, the price will decrease over time. it's the same as the coin I've been holding up until now. initially this coin went up to $60, and it made me think it could go as high as $100. however, the quality is getting worse and worse, and I'm stuck at $1 to $2. well, it hurts, but because of that, I also feel that buying new altcoins sometimes we use to back up the main asset.

It really depends on what altcoin you are holding, the amount of token you have, and the price on the market. Holding altcoins is like keeping a gem bucket, the longer duration you are holding the more the price is increasing just like DOGE it jumps much higher after it got a tweeted by Elon muck and trend on market.

This bear market needs to be taken advantage of, and we never know if the altcoin you are doubt to buy has potential in the future. You really just need to check first if the altcoin you are buying is not just a pump and dump scheme, but also the supply and marketcap.

[19Nov16]

Some of the altcoins that I have bought but I'm not patient and selling cheap are Ethereum, BNB, Doge, Solana and so on, if I sell 50% of 3 coins namely ETH, BNB and Doge at this time I can get about $ 200k, but things This is an important lesson for me to buy and hold Altcoins.

[strunberg]

Some of the altcoins that I have bought but I'm not patient and selling cheap are Ethereum, BNB, Doge, Solana and so on, if I sell 50% of 3 coins namely ETH, BNB and Doge at this time I can get about $ 200k, but things This is an important lesson for me to buy and hold Altcoins.

never greedy with profits given in market , if we ony get small amount be gratefull because other traders maybe suffered loss. for long term eth bnb and doge was good assets.alot demand created in their ecosystem and make as sustainable blockchain platform.