What's your reason for buying altcoins?

[hichamito37]

We know that the most suitable investment in cryptocurrency is Bitcoin investment. Investing bitcoin reduces the risk, and the whole cryptocurrency depends on BTC. However, knowing this, why we are investing in altcoins? The main reason is that many of us can not afford to buy Bitcoin as much as we want. Ultimately we have to choose altcoins to get more by investing a little.

Most of us buy altcoins because we expect to get big returns from investing in altcoins. Bitcoin is a safe and risk-reducing investment, but because bitcoin has increased in value thousands of times, many people think that investing in bitcoin will not be able to bring big returns, so many new investors chose altcoins over bitcoin.

Besides, we also need to diversify our investment portfolio, bitcoin is suitable for long-term holding and altcoin is more suitable for short-term profit.

[Innerpumper]

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?

Buying and holding it means that the coin is indeed a lot of interest, but to hold it means we see the potential of the project is very worth holding on to because it will generate far more profit than what is invested normally will hold it in the long term.


I don't believe that it will happen in the near future, the proof is that currently bitcoin is still no. 1 and is still the price mecca for all coins, but in the long run it may happen as technology advances will create amazing coins.

[FiPi]

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

Now all market falls and many people lose their interest for investing.
But the best time to buy all assets is during the fall of the market.
Because investors will have the best price.

Cryptocurrency market falls because all markets falls and situation in the world is very unstable too.
A lot depend how the world crysis will develop and how long it will last.

[fzkto]

I believe the bitcoin will always stay as the prime crypto currency. The altcoins mostly these days are new projects which are mostly a gamble. Since most of the people believe that buying shit coins at low value in large numbers will help you to earn greater profits if there is major value fluctuations.
However these coin might not survive in long run and investing in these coin in nothing more than a gamble

In principle, I agree with you that almost all altcoins are shitcoins. But if you have patience, you can make money from them. I think bitcoin has much less growth potential than for example DOT or LTC. The bitcoin train left those who wanted to make big profits. But there are other ways left in this wild casino. If you are lucky, you will get good profits.

[Ahli38]

We know that the most suitable investment in cryptocurrency is Bitcoin investment. Investing bitcoin reduces the risk, and the whole cryptocurrency depends on BTC. However, knowing this, why we are investing in altcoins? The main reason is that many of us can not afford to buy Bitcoin as much as we want. Ultimately we have to choose altcoins to get more by investing a little.

Yes, it's true that altcoins always follow bitcoin. then you are right that it is safer to invest in bitcoin. but there are so many reasons why people buy altcoins. like myself who expect bigger profits from altcoins. namely in short-term trading (scalping). because I feel that altcoins are more suitable for short and medium-term trading because of higher fluctuations so it is easy to profit from scalping results and for the long term bitcoin should be the choice because it has minimal risk and has undoubted potential.

[amihada]

My goal is to buy alcoin to make big profits I buy coin eth and I will keep coin eth in the long term I have a feeling that coin eth will rise and those who hold coin eth will make big profits.

[DeFi Doge]

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

Cryptocurrency market falls because all markets falls and situation in the world is very unstable too.
A lot depend how the world crysis will develop and how long it will last.

The condition of cryptocurrency market depends a lot of economical situation in the world.
When all market falls many people stop investing in all assets including cryptocurrency.

[maartenhaha]

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

Cryptocurrency market falls because all markets falls and situation in the world is very unstable too.
A lot depend how the world crysis will develop and how long it will last.

The condition of cryptocurrency market depends a lot of economical situation in the world.
When all market falls many people stop investing in all assets including cryptocurrency.

I don't think the crypto market has any effect on the world market, as yesterday during the pandemic season all markets fell, even the world market went down, but the crypto market on the other hand was getting better and better.

[LUCKMCFLY]

At the moment I'm not buying alts, but I think the main reason to do so is because altcoins have lost a lot of value and it's a good time to buy them very cheaply and that's almost praying that BTC doesn't fall anymore, quite the opposite that goes up to generate a good 2x, 3x or more, this to recover investment and later change everything to BTC to continue earning more money, but of course as I said before, it is risky and represents putting a lot in danger, it is already the decision of each person to do it or not, although I would expect a little more due to the fundamentals that are currently happening.

[bangjoe]

Buying and investing in altcoins definitely the first thing to think about is wanting to get something that can be profitable, I can't avoid that. Henceforth I hold altcoins that have good long term potential besides bitcoin. But in some altcoins I do it in the near term, in other words to invest in the short term.

[Fomo_Chronicles]

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

The condition of cryptocurrency market depends a lot of economical situation in the world.
When all market falls many people stop investing in all assets including cryptocurrency.

Now all markets are connected too much.
Economical situation in the world is very unstable and many people lost their jobs.
They simply do not have money for investments.

[GOGE.Co]

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

Now all markets are connected too much.
Economical situation in the world is very unstable and many people lost their jobs.
They simply do not have money for investments.

Cryptocurrency market depends lot on the economical situation in the world.
Now all market falls and many people stopped investing because they don not have any money at all.

[inery_blockchain]

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

Cryptocurrency market depends lot on the economical situation in the world.
Now all market falls and many people stopped investing because they don not have any money at all.

Many cryptocurrency market started to restore may be it just correction of the market but the situation in the world do not change.
Too many economical and political problems.

[mm2543363580]

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

Cryptocurrency market depends lot on the economical situation in the world.
Now all market falls and many people stopped investing because they don not have any money at all.

Many cryptocurrency market started to restore may be it just correction of the market but the situation in the world do not change.
Too many economical and political problems.

I wish to have a secure future and buy the things i want.
I feel I am already ready to bitcoin world - but then again there are so many gurus, from whom one can get a help and act like a pro in market.
However if I get a chance -I will buy Tesla- the new and latest iphone and a beautiful home in country.

[NewRanger]

Buying and investing in altcoins definitely the first thing to think about is wanting to get something that can be profitable, I can't avoid that. Henceforth I hold altcoins that have good long term potential besides bitcoin. But in some altcoins I do it in the near term, in other words to invest in the short term.

buy and hold altcoin that have regular demand on their ecosystem. layer 1 coins will be first on our investment , dot bnb eth solana will be first choice how they have demand for transaction fee. with regular demand as basic fundamental price could steady or even rise with the growth on ecosystem.

[InpulseX]

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

Many cryptocurrency market started to restore may be it just correction of the market but the situation in the world do not change.
Too many economical and political problems.

It is hard to say what is now restore of the market or just the temporary recovery.
Only time can show how long will be the fall for the market and when the real recovery will start.

[udidrone]

Buying and investing in altcoins definitely the first thing to think about is wanting to get something that can be profitable, I can't avoid that. Henceforth I hold altcoins that have good long term potential besides bitcoin. But in some altcoins I do it in the near term, in other words to invest in the short term.

buy and hold altcoin that have regular demand on their ecosystem. layer 1 coins will be first on our investment , dot bnb eth solana will be first choice how they have demand for transaction fee. with regular demand as basic fundamental price could steady or even rise with the growth on ecosystem.

Entering the 2nd quarter of this year altcoins continue to experience drastic declines, ethereum, binance coin, solana, and polkadot, all following bitcoin's sharp decline. This is a good time for the short term, before entering the 3rd quarter it is expected to experience a slight upward movement. I chose the 2 coins above, ethereum and binance coins, solana and poldokadot I'm still not interested, because the chances are very slim.

[BuNga_cute]

Buying and investing in altcoins definitely the first thing to think about is wanting to get something that can be profitable, I can't avoid that. Henceforth I hold altcoins that have good long term potential besides bitcoin. But in some altcoins I do it in the near term, in other words to invest in the short term.

buy and hold altcoin that have regular demand on their ecosystem. layer 1 coins will be first on our investment , dot bnb eth solana will be first choice how they have demand for transaction fee. with regular demand as basic fundamental price could steady or even rise with the growth on ecosystem.

Entering the 2nd quarter of this year altcoins continue to experience drastic declines, ethereum, binance coin, solana, and polkadot, all following bitcoin's sharp decline. This is a good time for the short term, before entering the 3rd quarter it is expected to experience a slight upward movement. I chose the 2 coins above, ethereum and binance coins, solana and poldokadot I'm still not interested, because the chances are very slim.

Even though now the price of Bitcoin has started to look up by about 6% compared to a week ago, the movement of altcoins still doesn't look up.
This means that as you said there is still an opportunity for us to buy altcoins at low prices, but because we are still in a bear market,
it is safest to buy top altcoins. Because usually the top altcoins can always recover, even though the price has fallen very drastically right now.
That's because the top altcoins have a high enough demand, so the risk is lower than investing in new projects. Regarding your choice of only
choosing to invest in ETH and BNB it is very understandable, because only ETH and BNB are the best compared to other top altcoins. And I made
the same decision as you, for now only invest in ETH and BNB, because in my opinion only the ETH and BNB development team can be trusted
in the current bad market situation.

[kamvreto]

Buying and investing in altcoins definitely the first thing to think about is wanting to get something that can be profitable, I can't avoid that. Henceforth I hold altcoins that have good long term potential besides bitcoin. But in some altcoins I do it in the near term, in other words to invest in the short term.

buy and hold altcoin that have regular demand on their ecosystem. layer 1 coins will be first on our investment , dot bnb eth solana will be first choice how they have demand for transaction fee. with regular demand as basic fundamental price could steady or even rise with the growth on ecosystem.

Entering the 2nd quarter of this year altcoins continue to experience drastic declines, ethereum, binance coin, solana, and polkadot, all following bitcoin's sharp decline. This is a good time for the short term, before entering the 3rd quarter it is expected to experience a slight upward movement. I chose the 2 coins above, ethereum and binance coins, solana and poldokadot I'm still not interested, because the chances are very slim.

Even though now the price of Bitcoin has started to look up by about 6% compared to a week ago, the movement of altcoins still doesn't look up.
This means that as you said there is still an opportunity for us to buy altcoins at low prices, but because we are still in a bear market,
it is safest to buy top altcoins. Because usually the top altcoins can always recover, even though the price has fallen very drastically right now.
That's because the top altcoins have a high enough demand, so the risk is lower than investing in new projects. Regarding your choice of only
choosing to invest in ETH and BNB it is very understandable, because only ETH and BNB are the best compared to other top altcoins. And I made
the same decision as you, for now only invest in ETH and BNB, because in my opinion only the ETH and BNB development team can be trusted
in the current bad market situation.

A safe choice to buy ETH and BNB, but the risk of the price going down even more will be very large, seeing Bitcoin is unstable and tends to be in a bearish state. The top altcoins do have the highest demand and many are starting to come in and wait for prices to get lower. Choosing what altcoin you want to invest in is a personal decision and must be prepared with risks. need to do some research first.

[d3nz]

Buying and investing in altcoins definitely the first thing to think about is wanting to get something that can be profitable, I can't avoid that. Henceforth I hold altcoins that have good long term potential besides bitcoin. But in some altcoins I do it in the near term, in other words to invest in the short term.

buy and hold altcoin that have regular demand on their ecosystem. layer 1 coins will be first on our investment , dot bnb eth solana will be first choice how they have demand for transaction fee. with regular demand as basic fundamental price could steady or even rise with the growth on ecosystem.

Entering the 2nd quarter of this year altcoins continue to experience drastic declines, ethereum, binance coin, solana, and polkadot, all following bitcoin's sharp decline. This is a good time for the short term, before entering the 3rd quarter it is expected to experience a slight upward movement. I chose the 2 coins above, ethereum and binance coins, solana and poldokadot I'm still not interested, because the chances are very slim.

Even though now the price of Bitcoin has started to look up by about 6% compared to a week ago, the movement of altcoins still doesn't look up.
This means that as you said there is still an opportunity for us to buy altcoins at low prices, but because we are still in a bear market,
it is safest to buy top altcoins. Because usually the top altcoins can always recover, even though the price has fallen very drastically right now.
That's because the top altcoins have a high enough demand, so the risk is lower than investing in new projects. Regarding your choice of only
choosing to invest in ETH and BNB it is very understandable, because only ETH and BNB are the best compared to other top altcoins. And I made
the same decision as you, for now only invest in ETH and BNB, because in my opinion only the ETH and BNB development team can be trusted
in the current bad market situation.

A safe choice to buy ETH and BNB, but the risk of the price going down even more will be very large, seeing Bitcoin is unstable and tends to be in a bearish state. The top altcoins do have the highest demand and many are starting to come in and wait for prices to get lower. Choosing what altcoin you want to invest in is a personal decision and must be prepared with risks. need to do some research first.

ETH and BNB is really a good choice but there are lot of altcoins that have the potential to increase their value in the future and much cheaper. As of the market cycle today, it is not the right time to buy now which I think we will be in bear market and the best thing to do now is to wait until the value of other altcoins are in dipped and take advantage of the market.

What's your reason for buying altcoins?

Since you can buy them in cheap price which uou will have more shares than BTC like HOT, VET, and other altcoins that are on top 20.