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Author Topic: why people are always interested in altcoins  (Read 4151 times)
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November 21, 2023, 11:05:38 AM
 #441

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?

  That means there is still a real risk in Bitcoin, and that is the volatility that it has. That's why it is called a volatile asset. The only difference is that the volatility is higher in cryptocurrencies that are not in the top 30 in the market.

  Actually, even the others that are in the top 31–50 altcoins can still keep up with the Bitcoin rally; it really depends on the DYOR that each individual crypto enthusiast will do. They take risks because there are high chances that we can earn a lot if we choose the right crypto assets.
Of course, a low-rank market cap means low liquidity. if we buy/sell some asset that has low liquidity, the price will get more volatile.
People will research different things and will buy different crypto but what makes them different is how they manage to gain more users and we can expect more profit when holding it

By the knowledge and understanding that you cater during your trading investment, you will be able to locate good assets that have good market movements, all have that same desire when investing, they all wanted to earn and from that point of view, there's always a risk that accompanies your investment. Positioning or finding the right coin/asset is not as easy as it is, you need to look for each factor that affects the community and the development of the project that you use for your investment.

You need to work with your knowledge to have that confidence with whatever alt project you pick for your holdings, both long and short trades always need good assessment to earn benefits.

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November 22, 2023, 12:11:02 AM
 #442

Many people interest to invest in altcoins because Altcoins are cheaper than Bitcoin. Some of them start investing with small amount and altcoins are the fastest way to gain profit and loss in short time.
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November 22, 2023, 03:14:59 AM
 #443

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?
The reason I invest in altcoins is to potentially discover a standout project, a gem akin to Bitcoin, poised for future success. I consistently conduct research and investigations when I encounter intriguing altcoins. My motivation stems from missing the early days of Bitcoin, as I only became aware of it in 2017. I hold the belief that more legitimate projects in altcoins will emerge as gems, paralleling the success of Bitcoin.

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November 22, 2023, 04:14:17 AM
 #444

For myself, why I am more interested in altcoins is very simple because I believe altcoins will experience an increase in price following Bitcoin, which increases in value over time, try to research from the first time they were created until now what can be learned from their journey, thereby growing the feeling of wanting to invest if we see growth over time. However, not all altcoins grow, sometimes some don't move at all, so you also have to be smart in choosing them

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November 22, 2023, 05:40:18 AM
 #445

Many people interest to invest in altcoins because Altcoins are cheaper than Bitcoin. Some of them start investing with small amount and altcoins are the fastest way to gain profit and loss in short time.

When we only have a fairly small amount of capital and intend to increase our capital in a short time then perhaps entering altcoins is indeed the best thing. Altcoins do have big risks. But Altcoins also have just as much potential. It's just that when entering an altcoin project we have to be the first to enter. There is a term that says buying during an issue and selling during an event.

Even though I focus on investing in Bitcoin, I also still invest a small portion in altcoins. Especially altcoins that seem to have a level of popularity or will see a trend that has the potential to be bullruned later, such as coins in the Artificial Intelligence category and others. It's just that when investing in altcoins we have to be observant in scanning information so that we don't miss a moment of increase or something like that.
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November 22, 2023, 06:16:29 AM
 #446

Many people interest to invest in altcoins because Altcoins are cheaper than Bitcoin. Some of them start investing with small amount and altcoins are the fastest way to gain profit and loss in short time.


Many are interested if they see the value of their assets reaching thousands or even millions. So, it's natural for you to say that. On the other hand, if you buy BTC you only get 0.00 so much. If you already have funds, for example $18,000, you can only get 0.5 BTC... Wink

Yes. That's right, you have to be selective in choosing Altcoins if you don't lose money in a short time.

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November 22, 2023, 06:25:48 AM
 #447

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?
Actually people trusted on BTC too much even it's not pump like the other alt coins but BTC is more safe from these coins specially we should focus on BTC up and down price from the past it's never be finish but on the other hand if we see altcoin it has some time 200 percent pump but suddenly it will down as well as if they give profit suddenly they give loss so in my opinion BTC investment is good investment at all

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November 22, 2023, 10:25:10 AM
 #448

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?
Generally the reason people invest in cryptocurrency is for profit and the believe it has better ROI when compared in percentage with that generated by others. The further quest for a higher and quicker profit had got people just like you to invest in altcoins because it's believed the volatility there is much when compared to that which is with Bitcoin and that's basically the primary reason although there may be other preferences too.

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November 22, 2023, 12:28:25 PM
 #449

For myself, why I am more interested in altcoins is very simple because I believe altcoins will experience an increase in price following Bitcoin, which increases in value over time, try to research from the first time they were created until now what can be learned from their journey, thereby growing the feeling of wanting to invest if we see growth over time. However, not all altcoins grow, sometimes some don't move at all, so you also have to be smart in choosing them
Yes one really need to be smart, not all altcoin are thesame consedring there market cap and the total supply if this factors are not considers one will eventually fall into rugpul. People always mistake bitcoin for some useless altcoin. Expecialy all this altcoin that Bear the the logo of bitcoin Making it look as if they have promising future like bitcoin. If you are not careful you fall to the wrong hands of scam project.

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November 22, 2023, 06:26:12 PM
 #450

For myself, why I am more interested in altcoins is very simple because I believe altcoins will experience an increase in price following Bitcoin, which increases in value over time, try to research from the first time they were created until now what can be learned from their journey, thereby growing the feeling of wanting to invest if we see growth over time. However, not all altcoins grow, sometimes some don't move at all, so you also have to be smart in choosing them
Yes one really need to be smart, not all altcoin are thesame consedring there market cap and the total supply if this factors are not considers one will eventually fall into rugpul. People always mistake bitcoin for some useless altcoin. Expecialy all this altcoin that Bear the the logo of bitcoin Making it look as if they have promising future like bitcoin. If you are not careful you fall to the wrong hands of scam project.
We can actually improve and manage this skill by diligently reading in the sense of looking for real information, now everything is sophisticated, everything is presented completely and neatly. For example, if you want to find the top altcoins, you can search on CoinMarketcap and CoinGecko if you are confused about finding the right altcoin that is worth investing in, to prevent wrong choices

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November 30, 2023, 09:21:48 AM
 #451

By the knowledge and understanding that you cater during your trading investment, you will be able to locate good assets that have good market movements, all have that same desire when investing, they all wanted to earn and from that point of view, there's always a risk that accompanies your investment. Positioning or finding the right coin/asset is not as easy as it is, you need to look for each factor that affects the community and the development of the project that you use for your investment.

You need to work with your knowledge to have that confidence with whatever alt project you pick for your holdings, both long and short trades always need good assessment to earn benefits.
That's right, is not as easy as we speak because we need to spend more time to research and know the trend.
There will be some risk that we still can lose money, it's importain to set some limit such as how much we are willing to risk it.
It's been 6 years i know about crypto, i saw so many altcoin fall and many replace their place.
I believe trend is the most valuable factor in crypto right now
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November 30, 2023, 10:37:07 AM
Last edit: November 30, 2023, 10:47:58 AM by Sayeds56
 #452

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?

It is true that there is growing trend to invest in alscoins compared to Bitcoin and Ethereum, while it is known fact that altscoins are very risky, but they also present potential of higher reward. The alts are generally perceived as cheaper and  affordable for wide range of investors. The examples are Pepe and Shaiba Inu, those can be purchase millions of coins in $10 or slight higher. The satisfaction of owning huge quantity even though their value is not substantial adds to the appeal to these alternative coins.









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Blitzboy
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November 30, 2023, 12:03:41 PM
 #453

Many people interest to invest in altcoins because Altcoins are cheaper than Bitcoin. Some of them start investing with small amount and altcoins are the fastest way to gain profit and loss in short time.

When we only have a fairly small amount of capital and intend to increase our capital in a short time then perhaps entering altcoins is indeed the best thing. Altcoins do have big risks. But Altcoins also have just as much potential. It's just that when entering an altcoin project we have to be the first to enter. There is a term that says buying during an issue and selling during an event.

Even though I focus on investing in Bitcoin, I also still invest a small portion in altcoins. Especially altcoins that seem to have a level of popularity or will see a trend that has the potential to be bullruned later, such as coins in the Artificial Intelligence category and others. It's just that when investing in altcoins we have to be observant in scanning information so that we don't miss a moment of increase or something like that.
Altcoin diversification is a high-risk, high-reward game. Its important to remember that altcoins vary. Your investment in "trendy" altcoins, especially in AI, sounds smart, but its risky. Why? Because market trends are volatile, whats trendy today may be outdated tomorrow. Beginning with altcoins can be lucrative, but timing the market is notoriously difficult. The "buy on rumors, sell on news" rule isnt universal. Altcoins can rise or fall in hours. Bitcoin is the crypto world's foundation, thus your focus is right. Less volatile and long-lasting. Keeping one foot in Bitcoin is essential while dabbling in altcoins. Cryptocurrency values caution as much as courage.

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puloweh555
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November 30, 2023, 01:51:19 PM
 #454

Many people interest to invest in altcoins because Altcoins are cheaper than Bitcoin. Some of them start investing with small amount and altcoins are the fastest way to gain profit and loss in short time.

Secondly, it is true that many people invest in altcoins for these two reasons. But the reason makes sense because altcoins can make profits in a short time even though the risks are too high but people like challenges. Those who already understand altcoins will definitely benefit. For those who only follow the hype, they will suffer losses from altcoins. In essence, altcoins can be profitable if we have the right strategy.

BTC prices are more expensive than altcoins but actually this is not a serious problem because we can also buy BTC even though BTC prices are expensive by using gradual purchases (DCA). It's just that many beginners don't understand and don't know the benefits of DCA, so they switch to altcoins which are more affordable.
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November 30, 2023, 06:03:03 PM
 #455

maybe the main reason why people choose altcoins as an investment, is because altcoins can provide profits for them because the aim of investment is to make a profit, but for me not all altcoins have the not potential to generate profits, therefore we have to really choose altcoins which is right, besides that altcoins focus on the AI ecosystem like InQubeta is doing currently.

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November 30, 2023, 06:10:55 PM
 #456

The decision to invest in Bitcoin or altcoins depends on each investor's individual strategies and risk preferences. None of these options are universally “right” or “wrong.” With altcoins, there are chances to get rich with smaller investment amounts. After all, there were many cases where new altcons soared to the moon
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November 30, 2023, 06:34:11 PM
 #457

maybe the main reason why people choose altcoins as an investment, is because altcoins can provide profits for them because the aim of investment is to make a profit, but for me not all altcoins have the not potential to generate profits, therefore we have to really choose altcoins which is right, besides that altcoins focus on the AI ecosystem like InQubeta is doing currently.

Most of newbie and investors with low fund are investing in the altcoins rather than bitcoin. You will never hear that Microstrategy have bought any altcoins.. All big investors know the value of btc and risk and this is the reason they only buy btc. newbie attraction towards altcoins is high because most of them comes to Crypto space by watching video or social platform. All influencers advertising altcoins which is the reason most people buying and preferring altcoins..

People also low fund holder where they think that altcoins will give them quick profit in short time. They think that small fund will not enough for buying btc which is super rated now.

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November 30, 2023, 06:39:29 PM
 #458

OP if you think you will get more profit from alt coin investment than bitcoin investment then you definitely can. I will tell you of course you can invest in alt coin. But don't invest in wrong alt coin then your capital will be lost. Bitcoin is as risky as investing Similarly, alt coin can face losses if you can't invest at the right time.

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November 30, 2023, 08:09:55 PM
 #459

I think the major reason people get involved in altcoins investment is because of their returns, though most newbies tend to get this wrong thinking that all altcoins are worth investing in, since their price is very low compared to that of Bitcoin. Just as mr puloweh555 said earlier, with the help of DCA you can actually use this strategy to invest little by little until your able to accumulate a whole bitcoin, more or less based on your decision. Then another I know that boosts the adoption of altcoins are trend, this generation we live in now, is easily influence by trend not considering some factors, what ever has population and adoption will surely trend for a while until another one takes its place. We often see some project that trend for a while and then crashes to price zero, but most investors ignores the risk associated and majority of the time,  they come out successful.
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November 30, 2023, 09:45:52 PM
 #460

maybe the main reason why people choose altcoins as an investment, is because altcoins can provide profits for them because the aim of investment is to make a profit,
Of course, people choose altcoins because it can give people some profits. If people can't get profits, they will never invest in altcoins.  Cheesy
Actually, people know that some altcoins can increase their price very significantly. It sometimes can increase more than a hundred percent (100%+) if there is a big hype on the altcoins. But we must understand that it also can decrease very significantly, too. It even can disappear or delisted on exchanges.

but for me not all altcoins have the not potential to generate profits, therefore we have to really choose altcoins which is right,
There are too many scam coins although there are still some potential altcoins.
Sure, we must invest in the right altcoins to get profits. But it is not easy to determine which altcoins have good potential. However, if we look at the market caps and the popularity of the altcoins, top altcoins are the most recommended for investment.


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