why people are always interested in altcoins

[southerngentuk]

People are constantly exploring and looking for new things, and so are traders who want to find new profitable investment opportunities outside of traditional assets such as gold, deposits, stocks, etc. Furthermore, the most basic theory in investing is portfolio diversification. New cryptocurrencies are in the early stages of development, and no one can predict which will be the most widely used cryptocurrency in the future. So, holding some more popular altcoins besides Bitcoin will keep you in the game of the future. Altcoins create excitement in the cryptocurrency market, and speculators can find countless short-term speculation opportunities from the strong price fluctuations of Altcoins.

[Dr.Osh]

It cannot be denied most of people who invest on altcoins is looking for a big PUMP and the another reason is there is so many altcoins who really has the good value, good product/service thats why we interested to put our money into that.

I think as you said the answer is quite obvious its just altcoins give more opportunity to turn around the money we invested to become some massive amount at the cost of losing it.
yet many are still interested in it anyway, kinda speaks the fact that majority of people are really interested in get rich quick scheme.

well, it's all because of the money. because altcoins have a cheaper price than bitcoin, there are still many people who try to take advantage of altcoins to get short profits. In addition, there are still many people who use altcoins because of the volatile prices that these altcoins have, even coins that have become scams like Terra, and many more. However, maybe there are still quite a lot of people who are interested in altcoins because of their future functions, or because of their development, however, I think the most interesting thing is because of their fast volatility, low price, and also the huge potential to increase profits.

[newdevices]

The answer is easy, the only thing is that altcoins have a lower price than Bitcoin,
yes you can say 90% of altcoins have a low ROI, so to invest safely, of course, altcoins are the second choice after bitcoin,
some even make it the first choice, just like me who choose altcoins to be the first choice of investment.

[nesty]

People are always interested in altcoins is because it is driven by the potential for high profit and the unique features they offer in the cryptocurrency market. Altcoins are not regulated by governments or financial institutions, making them a more decentralized and potentially profitable investment opportunity. Altcoin often have unique features or use cases that differentiate them from well known cryptocurrency like bitcoin or ethereum. This can make them more appealing to investors who are looking for better opportunities in the cryptocurrency market. Altcoins can also be highly volatile and have significant risks. It is crucial for investors to do their own research and understand the potential risks before investing in any altcoin.

[jacafbiz]

People buy Altcoins because they miss out on Bitcoin, why do you want to buy a big-cap project when all you have is $100? There are more than 10,000 Altcoins in this space though most of them are scams, if you find a real one with a serious team it can be a life changing opportunity for you, just look at the recent Pepe coin and Meme coin pump, some people turn $100 to millions of Dollar, Bitcoin can't give you this level of return on your investment. People will continue to bet on Altcoins because Bitcoin is now for the big boys and can only give a conservative returns

[Agbe]

and I want to ask everyone what is your  for buying altcoins, is the reason the same as mine?

Op then if I may ask what is your reason of buying altcoins? Even though 90% of people buy altcoins for one reason, the remaining % will buy for another reason. Not all are for profit or for gain purpose. Some of them are just to test the token if they are legit and that is why those people bought only very small fraction of unit of it. While some but to know the value of the coin. Some buy it to play game or for gambling.

[fzkto]

People are always interested in altcoins is because it is driven by the potential for high profit and the unique features they offer in the cryptocurrency market. Altcoins are not regulated by governments or financial institutions, making them a more decentralized and potentially profitable investment opportunity. Altcoin often have unique features or use cases that differentiate them from well known cryptocurrency like bitcoin or ethereum. This can make them more appealing to investors who are looking for better opportunities in the cryptocurrency market. Altcoins can also be highly volatile and have significant risks. It is crucial for investors to do their own research and understand the potential risks before investing in any altcoin.

Sec has recently had complaints about some altcoins, which has had a negative impact on the value of these coins. Therefore, the issue of control is a matter of time. It is enough to get a delist from most exchanges and the future of the project will be in doubt. You may be right about decentralisation, but the main factor here is investors who own a lot of coins who can also manipulate the price.

[Freddie Boyer]

Because of profits.
If you want profits by investing in crypto then you should must be taken altcoins. I think altcoins without you haven’t any work from crypto market. Since when i was coming in the crypto market that was my target invest then profits.

Not only that, some people might like to see a small pump and keep getting interested, joining in and getting stuck, because they are not paying enough attention and hoping to go up again. This is the lack of a less fundamental Altcoin coin for me. I myself like the bright and resistant onslaught. Yes. of course. Currently, many altcoins are still cheap, but it will take a long time before they grow big.

[Psynthax]

The answer is easy, the only thing is that altcoins have a lower price than Bitcoin,
yes you can say 90% of altcoins have a low ROI, so to invest safely, of course, altcoins are the second choice after bitcoin,
some even make it the first choice, just like me who choose altcoins to be the first choice of investment.

altcoins might have lower price though it usually have higher ROI than bitcoin honestly.
so saying it has lower ROI is wrong, after all you would rarely see bitcoin multiplying its current value to hundred folds but altcoins could just do that.

[v3liana]

There are some really good alt coins and chance of making it big is higher in Alt coins and the another reason is the gambling spirit or the lottery spirit is what's behind this behavior.. On the other side if the table it motivates unscrupulous element to make more scam shitcoins and fakes as well.

[evichi]

Bitcoin is the 1st and the king in the crypto space, so every other cryptocurrency is regarded as altcoins. The altcoin space is the playing ground for numerous innovators in the crypto space. A look at CMC shows that there are over 26000 coins/tokens trading in about 640 exchanges. This huge number creates excitement as well as opportunities for crypto enthusiasts to explore and trade their preferred tokens/coins. IMO, altcoins makes the crypto space exciting as new technologies emerge to disrupt the existing ones - for example, coins with low transaction fee being proffered to coins with high transaction fee, etc. So people will always be interested in altcoins.

[Blitzboy]

It cannot be denied most of people who invest on altcoins is looking for a big PUMP and the another reason is there is so many altcoins who really has the good value, good product/service thats why we interested to put our money into that.

It's all about the money. Not because people truly believe in the technology. Altcoins are often cheaper than Bitcoin itself, making them a great way to explore the world of crypto without "breaking the bank" (especially "meme" coins). While there are zillions of altcoins being traded across exchanges, only a small few will survive for a very long time. That's because the vast majority of altcoin projects are hyped without bringing any real use cases to the world. You need to be careful not to fall into the trap, and lose all of your money in a "blink of an eye".

By diversifying your investment between prominent altcoins and Bitcoin itself, you could minimize losses in the long run. No one can predict the future, especially when crypto behaves in many strange and bizarre ways. Who knows how far altcoins will go? Just my thoughts

You make it sound like they're the gateway drug to the hard stuff (Bitcoin), don't you? But I see a flaw in your analysis. Not every altcoin is a low-cost gamble for those looking to dip their toes in the crypto world. Some of these projects have substantial utility and are driving the forefront of blockchain innovation.

Ever heard of Ethereum or Cardano? They are not merely the poor man's Bitcoin but bring value through smart contracts and decentralized applications. They stand tall in their own right. Dismissing all altcoins as hyped up experiments is a rather narrow view. It's like assuming all that glitters is not gold because you found a glittery plastic bead once.

You're right about one thing though. Diversification can indeed act as a safety net against the volatile crypto market, reducing the risk of financial heartbreak. But let's not spread bitterness against the world of altcoins based on a few bad apples.

[Tomcolor]

Because of profits.
If you want profits by investing in crypto then you should must be taken altcoins. I think altcoins without you haven’t any work from crypto market. Since when i was coming in the crypto market that was my target invest then profits.

Not only that, some people might like to see a small pump and keep getting interested, joining in and getting stuck, because they are not paying enough attention and hoping to go up again. This is the lack of a less fundamental Altcoin coin for me. I myself like the bright and resistant onslaught. Yes. of course. Currently, many altcoins are still cheap, but it will take a long time before they grow big.

If they have many feature in the future then no need to long time for growth. You may know if you want long time invest then you should choice btc or eth because they have pure safety and no scam chance. Otherwise very risk altcoins for long time investment but top altcoins low risk.

[taufik0911]

I can understand many people interest in altcoins and the potential for high pumping. Altcoins have gained popularity among investors due to their potential for significant price movements and the opportunity for higher returns compared to established cryptocurrencies like Bitcoin. Many people are attracted to altcoins because they see them as an opportunity to get in early on a project with promising technology or potential growth.

However, it's important to note that investing in altcoins can be inherently risky. The altcoin market is known for its volatility, and not all projects succeed in the long run. It's crucial to conduct thorough research, evaluate the project's fundamentals, and consider the risks involved before investing in any altcoin.

Everyone has their own reasons for buying altcoins. Some investors may be driven by the potential for high returns, while others may have a particular interest in a project or its underlying technology. It's always beneficial to hear different perspectives and learn from others' experiences in the crypto community.

[siniminomorocomunisakito]

If they have many feature in the future then no need to long time for growth. You may know if you want long time invest then you should choice btc or eth because they have pure safety and no scam chance. Otherwise very risk altcoins for long time investment but top altcoins low risk.

True, the top coin/token in CMC good for reference to take it and  has indeed stood the test of time from market price pressures. I don't deny it. If the BTC that you convey is yes. no more mistake. who doesn't want to have BTC in their wallet. but is there anyone selling their alcoins to turn them into BTC? and what I noticed was that many were selling BTC for the reason of asset diversification. especially when BTC is on the rise.

[Ngemmeng]

Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.

[Smitty Werben Man Jensen]

Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.

Even so, you still need to consider before deciding to buy a new altcoin,
many new altcoins end up being scams so that risk has to be considered,
you need to do your research first and it's important.

[Bolivar_Tony]

Bitcoin is already an established coin and people who benefited are those that invested in bitcoin in the early days, so bitcoin has surpass an average man buy, most people are buying altcoins hoping to get the kind of profit in bitcoin in the future, so altcoin is good but comes with risk

[Zogick]

To be honest, I'm very impressed with what NeonLink has been doing lately. It would be strange not to mention it.

[nesty]

as we know, many people suggest investing in bitcoin because the risk is not too high.
but if we look at the market there are lots of people buying altcoins, and to be honest I also like to buy altcoins but there aren't many of them, and it's still my biggest investment in bitcoin. and to be honest even though investing in altcoins is risky but I always want to buy and the reason is because of the high pumping..
and I want to ask everyone what is your  for buying altcoins, is the reason the same as mine?

People are interested in altcoin is because of the possible pump and profitability they will be able to acquire. I disagree with you investing in bitcoin and other crypto currency is too risky. If you are not equipped enough knowledge you might lose all of your investment. Any investment has a significant risk. We need to do a research first before investing in cryptocurrencies because there are projects that would end up as scam and it is hard to risk your hard earned money. As an investor i like to buy also altcoins because of the possible profit that i will earn in short term. Many altcoins once they are listed the investors tend to pump and then dump the said coins to be able to take profit out of their investment.