What's your reason for buying altcoins?

[mm2543363580]

My reason to buy and hold cryptocurrencies is certainly profit, now I work in an office with a monthly salary of around $ 550 per month, my life needs are around $ 450 and I invest around $ 50 per month, the opportunity for big profits can only be obtained from cryptocurrencies, especially if we are lucky with Invest Doge or Shiba who rose thousands of percent in a year certainly made me not hesitate to make Cryptocurrencies as the main investment.

Mine too - I just want profit. Want to have some money so that I can buy whatever I want.
I face severe anxiety when my bank account is running out of money. That is so much trouble for me - I have sleepless nights unless I work day and night to refill my account.

[wmaurik]

Mine too - I just want profit. Want to have some money so that I can buy whatever I want.
I face severe anxiety when my bank account is running out of money. That is so much trouble for me - I have sleepless nights unless I work day and night to refill my account.

There is no need to worry about that, because the fortune has already been arranged, although everyone must always try as hard as possible to earn money so that they can live comfortably. But believe me that each of us does not need to be too anxious in dealing with such things because you will not starve to death as long as you are willing and able to try to earn money through work.

[udidrone]

especially if we are lucky with Invest Doge or Shiba who rose thousands of percent in a year certainly made me not hesitate to make Cryptocurrencies as the main investment.

Yes, the fact that the cryptocurrency industry is such a huge place for investment today, coupled with the presence of influential people in the world in the cryptocurrency industry, has made cryptocurrencies increasingly known to the world and attracted the attention of many people. The new thing I discovered after some influential people entered the crypto industry, the market is being played, right? for example Elon Musk. Whatever he says about altcoins, it will affect the coin in the market.

[RussianEnglishTranslation]

My reason to buy and hold cryptocurrencies is certainly profit, now I work in an office with a monthly salary of around $ 550 per month, my life needs are around $ 450 and I invest around $ 50 per month, the opportunity for big profits can only be obtained from cryptocurrencies, especially if we are lucky with Invest Doge or Shiba who rose thousands of percent in a year certainly made me not hesitate to make Cryptocurrencies as the main investment.

Doge and Shiba have no real world utility though, they are dog coins. People chased pets.com too, and if you look at the history books, you will see that that crashed and burned too. Dog coins are one of the reasons why regulators can't wait to clamp down on crypto, because it looks like a ponzi/greater fool theory tulip market. Stop treating crypto like a casino and invest in real projects with utility, like IOTA, XLM, and CNDL.

[smartaction]

Altcoin prices fluctuate a lot in a short time.  Due to which it is more profitable to trade with Altcoin.And even if you hold Altcoin, you are likely to get several times the profit in less time.  Although there is a lot of potential for loss. But good profits can be made by trading consciously. that's why  I invested in Altcoin

[SAWACrypto]

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

Fall of the market is the best time to buy assets. But many people panic and continue to sell crypto.
It is necessary to have experience and carefully check all information before investing.
Many people now monitor the market to buy tokens of new and prospective projects to have more profit from investing.

When one people punic another buy crypto assets for the best price.
But nobody knows how long the fall of the market will last.

[altixz]

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

When one people punic another buy crypto assets for the best price.
But nobody knows how long the fall of the market will last.

Fall can continue long time. And it is very difficult to say how long will be a fall and what is the best time to buy crypto assets.
When market falls a lot of people panic and lose money.

[brat111111]

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

Fall can continue long time. And it is very difficult to say how long will be a fall and what is the best time to buy crypto assets.
When market falls a lot of people panic and lose money.

Many people are waiting for the rise of the market but it is very difficult to say when it will be a rise.
The rise of the market and the condition of the market depends on economical situation in the world.

[Artik_Finance]

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 people are waiting for the rise of the market but it is very difficult to say when it will be a rise.
The rise of the market and the condition of the market depends on economical situation in the world.

During the rise of the market altcoins rise in price even more than bitcoin, that is why many people prefer to invest in altcoins to have more profit.
But during the fall of the market altcoins fall in price even more than bitcoin.

[nimogsm]

Now I think many people buy because the prices are very attractive.Again, I think those who take in any case are very careful now because the market is still very unstable.It is even possible to earn money on short positions.

[Smitty Werben Man Jensen]

Now I think many people buy because the prices are very attractive.Again, I think those who take in any case are very careful now because the market is still very unstable.It is even possible to earn money on short positions.

Keep doing research and make sure the decision is well considered,
because in the midst of an unstable market condition like this, it is certainly quite difficult to make the right decision,
so it's important at least to minimize the risk

[Bertyda]

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

During the rise of the market altcoins rise in price even more than bitcoin, that is why many people prefer to invest in altcoins to have more profit.
But during the fall of the market altcoins fall in price even more than bitcoin.

It is hard to say when it will be rise of the market but the economic and political situation in the world is very difficult and it is hard to say when it will change.

[kak uli]

My own goal is to invest in altcoins or buy them when the price is cheap is to make a profit when the altcoin experiences an increase in the market.
if for a long time the altcoin has no sign of an increase then I let the altcoin become my wallet collection until the high price I get

[Bitcoin2009]

Altcoins provide a good opportunity for big profits in a short time, if we invest in ethereum or BNB it will be difficult to profit 100%, even though we invest in shitcoins but with a special strategy we can profit hundreds of percent in a month or even less.

[LUCKMCFLY]

As the Bitcoin market declines, so does the ALT market.Bitcoin market has come ALT coin market is more dumping so we have started to invest more in ALT coins We know the market will be much better one day and ALT will be pumping coins.Especially me LTC,BNB, Solana Bought and invested.

I agree, for me the reason to buy altcoins at this time is because we are entering the metaverse, if the metaverse is successful, I know it will be, because I have had my eye on Matic and Solana, in other threads I have mentioned these options, the reason is simple, the fees that can be generated there are very cheap and those who have these two currencies will have a great probability of increasing enormously, in addition to the networks that they have through Polygon and Solana are very effective, in that sense I think there can be a good move given that my assumptions are correct.

[cryptoexchanger.org]

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

It is hard to say when it will be rise of the market but the economic and political situation in the world is very difficult and it is hard to say when it will change.

Bitcoin is the most stable cryptocurrency, that is why the adoption of bitcoin increase in spite the fall of the market.

[wheelz1200]

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?

For the most part I'd say that 99.999% of the people buying altcoins is merely greed/profits.  Trying to trade for more Satoshi would be my vote, or even their local fiat.  Alts are a gble and gambling is merely to get more money than you started with, quickly.  Sad because most people only end up losing because they don't understand how quick crypto markets change and how bad they get annihilated.

[Dragonbite]

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

Bitcoin is the most stable cryptocurrency, that is why the adoption of bitcoin increase in spite the fall of the market.

The dominance of bitcoin continue to grow.
During the fall of the market altcoins falls in price even more then Bitcoin.

[FlamingFingers]

Altcoins are more easier to make more money from, because the rate at which they move is far different from bitcoin, just like today, ftm had done 102% just in a day, its totally impossible for bitcoin to do 50% not to mention 100% just in a single day, by buying altcoin it's a win win situation that's why lots of people tends to go for altcoins

[Delightcrypto1]

I have so many reason for buying altcoin, most of it is that I don't have the huge capital to invest in btc or ETH since am a novice or new in cryptocurrency investment. So from the knowledge gather from this industry I am able to discover some good coins that give me huge profit and late may trigger me to invest in big project like btc and ETH.