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Author Topic: why people are always interested in altcoins  (Read 4151 times)
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December 13, 2023, 12:56:09 PM
 #481

Those things that generate income are always interesting. There are many altcoin options, the choice is yours. But you need to be as confident as possible in your choice, mistakes in the altcoin market can really lead to significant financial losses. Invest only what you can afford to lose.
The reason why people develops fast interest on altcoin is because they believe they can make quick gains in investing altcoins.  Human as the nature of making money quick , since altcoin is a short term investment people will want to invest to make quick gains. This mentality of making quick money has really led people in going into wrong investments that didn't last that all money was lost. It is important people needs to find out more about a coin before going intoit for investment.
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December 13, 2023, 03:11:28 PM
 #482

Those things that generate income are always interesting. There are many altcoin options, the choice is yours. But you need to be as confident as possible in your choice, mistakes in the altcoin market can really lead to significant financial losses. Invest only what you can afford to lose.

Confidence comes with selected coins if a person choose good coin but once a person do mistake then he will be in doubt about every decision. Follow the suggestions of successful traders because they have experience and they know about coins well but if you follow suggestions suggested by everyone then there is a possibility that very soon you will leave crypto market due to loss of large amount of revenue.

You would hear about BNB, Apecoins and Etheruem so choose these altcoins as your investment choice. Generation of income through altcoins is not much easy and people often select those coins which provide huge return once in life but remember that you cannot earn always with same coin as others earn.

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December 13, 2023, 05:06:09 PM
 #483

Bitcoin is the first choice for investment. And second choice is eth. If we see the chart of bitcoin, when it is pumping 5%. On the other hand, the altcoins are pumping 10%-20% and it is more profitable more than btc and eth. That's way, I also invest in altcoins.

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December 13, 2023, 07:52:37 PM
 #484

High returns in altcoins have attracted people. Investors have become more interested in altcoins to earn good profits despite the high risk involved in investing in artcoins. There are also opportunities to invest very small amounts of money in altcoins. That is why people are always ready to invest in altcoins regardless of the high risk involved. Experienced investors understand which altcoins are worth investing in. But new entrants to altcoins don't quite know which altcoins to invest in. Altcoin investing is like gambling if you choose the wrong altcoins you will lose all your money in no time. So I think, must do proper analysis before investing in altcoins to keep money safe.

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December 13, 2023, 08:26:47 PM
 #485

The reason why people develops fast interest on altcoin is because they believe they can make quick gains in investing altcoins.  Human as the nature of making money quick , since altcoin is a short term investment people will want to invest to make quick gains. This mentality of making quick money has really led people in going into wrong investments that didn't last that all money was lost. It is important people needs to find out more about a coin before going intoit for investment.
Investing in wrong projects will see the end of joyful moments an bring terrible events. Altcoins ruled the market and they don't have season because they follow the appropriate steps of bitcoin which is entirely the top project in the market. I've seen altcoins put smile on the face of top whales in the space and it will continue to triggered more joy and enjoyable moments. Who doesn't like earning fast cool cash from the market? Answer me, who? Absolutely nobody, you know why, it's because entering into the market, the first thing that comes to the mind is ensuring to accumulate more profits.

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December 14, 2023, 12:06:47 AM
 #486

High returns in altcoins have attracted people. Investors have become more interested in altcoins to earn good profits despite the high risk involved in investing in artcoins. There are also opportunities to invest very small amounts of money in altcoins. That is why people are always ready to invest in altcoins regardless of the high risk involved. Experienced investors understand which altcoins are worth investing in. But new entrants to altcoins don't quite know which altcoins to invest in. Altcoin investing is like gambling if you choose the wrong altcoins you will lose all your money in no time. So I think, must do proper analysis before investing in altcoins to keep money safe.
I think learning to distinguish a good coin is fairly easy, eitherway if someone really do want to avoid the possibility of getting scammed they could just stick with investing on whatever available there in the big platforms like binance and coinbase, but the thing is that, with doing that they missed opportunity of making big profit from investing at the very early phase which honestly also have a risk of losing money because early phase is definitely the phase where the project is very volatile it could be successful or turning out to be a massive failure.
regardless I think,we can agree that the reason people are so interested in altcoin mainly is because the profit just surpass the major coin like bitcoin and ethereum with smaller capital, thats why people are so interested in it even go as far as following and investing the coin that gets heavily manipulated and also trying to profit off some random meme coin just for the sake of turning life around which might make them lose all their money instead.
if its altcoin, just judge based on fundamental and utilities and you will get best of the best.

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December 20, 2023, 01:06:49 PM
 #487

The reason why people develops fast interest on altcoin is because they believe they can make quick gains in investing altcoins.  Human as the nature of making money quick , since altcoin is a short term investment people will want to invest to make quick gains. This mentality of making quick money has really led people in going into wrong investments that didn't last that all money was lost. It is important people needs to find out more about a coin before going intoit for investment.
Investing in wrong projects will see the end of joyful moments an bring terrible events. Altcoins ruled the market and they don't have season because they follow the appropriate steps of bitcoin which is entirely the top project in the market. I've seen altcoins put smile on the face of top whales in the space and it will continue to triggered more joy and enjoyable moments. Who doesn't like earning fast cool cash from the market? Answer me, who? Absolutely nobody, you know why, it's because entering into the market, the first thing that comes to the mind is ensuring to accumulate more profits.

As it is the intention why you are entiring the market, it's all about profits, no one in the right mind that will say that they are investing or trading because they wanted to lose their money right? It's just the same with any other investment, alt coin is being supported by investors and traders as they are seeing opportunity to earn money.

That desire keeps them to find right project to invest their money, some may succeed but the percentage will always small compared to those who will going to lose, as you mentioned, whale is always around and they always have the upper hand.

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December 20, 2023, 01:09:08 PM
 #488

Probably because of the diversity of the altcoins I guess.  Grin
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December 20, 2023, 11:45:26 PM
 #489

This is the reality, even though in a moment that we all know that altcoins is too risky but still we will buy cause one thing for sure that once the price will go up then profit is on the way. Anyways we can see many people around the globe who are aiming to have altcoins even though they failed before but still they will buy altcoins. But their main investment is Bitcoin cause we all know how Bitcoin work less risky and good profit in the future.

R


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December 20, 2023, 11:49:15 PM
 #490

Probably because of the diversity of the altcoins I guess.  Grin
the diversity can be a factor but definitely not that big of a factor its mainly because it suited for smaller capital to starts out and to get quite good profit so that they can later can invest in something like bitcoin.
arguably, the volatility is also the thing that many people favor since they can be getting some good profit out of it. by just simply taking advantage of the volatility.

This is the reality, even though in a moment that we all know that altcoins is too risky but still we will buy cause one thing for sure that once the price will go up then profit is on the way. Anyways we can see many people around the globe who are aiming to have altcoins even though they failed before but still they will buy altcoins. But their main investment is Bitcoin cause we all know how Bitcoin work less risky and good profit in the future.
the fact that the investment risky which equats to more volatility only means more opportunity for some people, you know if the market is stagnating people are making less and less profit but with volatility they will have more chance but of course at the end of the day there's no guarantee that they would instead always kept profitting off the volatility, maybe are the one who lose who knows.
but the point being with these altcoin in general is that they are volatile and usually priced so low its more interesting for many people compared with major coins.

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odunybiz
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December 21, 2023, 11:51:10 PM
 #491

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?

Reason why people may buy altcoin includes:
👉👉 Ignorance
Ignorance make some people to buy altcoin. They believe they can't have such huge money to buy just 1 BTC. They never know you can buy as low as you can avoid.
👉👉Pumping
They believe altcoin can be pumped anytime. And most time it comes with a very surprising pump where it may go ×100 within few minutes.
👉👉 Ability to buy much coin with little dollar
You can get thousands of some altcoin with little dollar you have.

But for me, what prompt me most time to buy altcoin is the expected pump.

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December 22, 2023, 07:49:35 AM
 #492

This is the reality, even though in a moment that we all know that altcoins is too risky but still we will buy cause one thing for sure that once the price will go up then profit is on the way. Anyways we can see many people around the globe who are aiming to have altcoins even though they failed before but still they will buy altcoins. But their main investment is Bitcoin cause we all know how Bitcoin work less risky and good profit in the future.

Yeah, even how risky it is there are always people who will love taking that risk, and when luck come and back them up profits will take place, we can't remove that fact that there are many investors who still loves playing with alts and they are interested with profits that this venue will provide for them. Not an easy task though but always have that time to study and learn the fundamentals before diving to any investment from this market.

Keep in mind that both bull and bear seasons are present and they give opportunity to every investors who can take the risk.

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Volimack
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December 22, 2023, 10:28:31 AM
 #493

Bitcoin is the first choice for investment. And second choice is eth. If we see the chart of bitcoin, when it is pumping 5%. On the other hand, the altcoins are pumping 10%-20% and it is more profitable more than btc and eth. That's way, I also invest in altcoins.
Yeah there are risks in the altcoin market it is a good idea to invest in btc and eth then other altcoins. My first choice for investment is btc and eth as these currencies are a little less risky. The first and most well known cryptocurrency with a market capitalization. It has a limited supply, high liquidity Ethereum is the second largest cryptocurrency by market capitalization with the highest market capitalization.

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OrangeII
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December 22, 2023, 12:22:46 PM
 #494

This is the reality, even though in a moment that we all know that altcoins is too risky but still we will buy cause one thing for sure that once the price will go up then profit is on the way. Anyways we can see many people around the globe who are aiming to have altcoins even though they failed before but still they will buy altcoins. But their main investment is Bitcoin cause we all know how Bitcoin work less risky and good profit in the future.
Yes, there are still many advantages that can be obtained from altcoins, such as their low price and high potential for increases. In fact, people still buy meme coins that don't have clear prospects, because the upside potential is high, and the price is cheap. For example, we buy a coin at a price of $0.01 for $50. When the price of the coin rises to $0.02, then we have got an asset worth $100. and a price increase from $0.01 to $0.02 looks very likely.


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GlacierBIT
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December 22, 2023, 12:56:17 PM
 #495

Bitcoin is the first choice for investment. And second choice is eth. If we see the chart of bitcoin, when it is pumping 5%. On the other hand, the altcoins are pumping 10%-20% and it is more profitable more than btc and eth. That's way, I also invest in altcoins.
Yeah there are risks in the altcoin market it is a good idea to invest in btc and eth then other altcoins. My first choice for investment is btc and eth as these currencies are a little less risky. The first and most well known cryptocurrency with a market capitalization. It has a limited supply, high liquidity Ethereum is the second largest cryptocurrency by market capitalization with the highest market capitalization.
You should always make a choice with extreme caution, Ethereum is the easiest in this regard. The trust base of this crypt is at the highest level, you do not need to study it in detail, the main thing is to understand all the trading mechanisms, invest only when you think that the currency will grow.

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December 23, 2023, 04:00:42 AM
 #496

You should always make a choice with extreme caution, Ethereum is the easiest in this regard. The trust base of this crypt is at the highest level, you do not need to study it in detail, the main thing is to understand all the trading mechanisms, invest only when you think that the currency will grow.

The crypto market is not in your favour always therefore evaluate your abilities and search well before investment and trading because there are so many individuals who enters into crypto market with lack of knowledge but they failed to get success and now they are taking laon to recover their losses but unfortunately the time is over.

Ethereum is the base through which altcoins are trusted more otherwise every other altcoin possess some risk so choose the best altcoins otherwise you will regret to choose new altcoins without investigations. Some time people know all the things about trading but they selected wrong coin due to which they loss money so study is not limited to learn rules only but identification about coin is also must.



 

 

 

 

 

 


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December 23, 2023, 10:53:25 AM
 #497

Bitcoin is the first choice for investment. And second choice is eth. If we see the chart of bitcoin, when it is pumping 5%. On the other hand, the altcoins are pumping 10%-20% and it is more profitable more than btc and eth. That's way, I also invest in altcoins.
Yeah there are risks in the altcoin market it is a good idea to invest in btc and eth then other altcoins. My first choice for investment is btc and eth as these currencies are a little less risky. The first and most well known cryptocurrency with a market capitalization. It has a limited supply, high liquidity Ethereum is the second largest cryptocurrency by market capitalization with the highest market capitalization.
Altcoins are coin that you can gamble  with, to invest just a small amount of money that if it get lose it won't cause any hard feeling. Bitcoin and eth are investment better, they might be slow to bring profit but it is safe to invest on this coin than some altcoins which they are much unpredictable in the market , they can be much profitable but may not last long in the market. Altcoins are not what people needs to depend on much or as main investment.
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December 23, 2023, 11:01:28 AM
 #498

As has been said by other members. What makes Altcoins attractive even though Bitcoin is better is that they often offer higher returns than Bitcoin. We often see news about several altcoins that can provide returns of up to 10 times a year. Even though there are many risks in altcoins such as projects being abandoned by their developers, this still does not diminish someone's enthusiasm for trying their luck in altcoins.

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EarnOnVictor
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December 23, 2023, 11:11:39 AM
 #499

Bitcoin is the first choice for investment. And second choice is eth. If we see the chart of bitcoin, when it is pumping 5%. On the other hand, the altcoins are pumping 10%-20% and it is more profitable more than btc and eth. That's way, I also invest in altcoins.
Yeah there are risks in the altcoin market it is a good idea to invest in btc and eth then other altcoins. My first choice for investment is btc and eth as these currencies are a little less risky. The first and most well known cryptocurrency with a market capitalization. It has a limited supply, high liquidity Ethereum is the second largest cryptocurrency by market capitalization with the highest market capitalization.
Altcoins are coin that you can gamble  with, to invest just a small amount of money that if it get lose it won't cause any hard feeling. Bitcoin and eth are investment better, they might be slow to bring profit but it is safe to invest on this coin than some altcoins which they are much unpredictable in the market , they can be much profitable but may not last long in the market. Altcoins are not what people needs to depend on much or as main investment.
If you lose in altcoins, it won't cause hard(hurt) feelings? I guess you do not mean that because altcoins are even more dangerous than Bitcoin, they are such that are more volatile in which you can lose huge amounts of money in very little time. This is even with a small amount of money, it doesn't make any difference when the money loses a huge size of it very fast. This is unlike bitcoin which might drop and still will not give you any heart attack. But the beauty of altcoins is that they can earn for you more just as they can make you lose more. If you invest in the right projects, you might be shocked that in just a month, you have earned more than x10 of your investment in some of them. This is real and people enjoy it every day. This is why people do not often care about the reliability of the coin/token when it comes to projects at times, or the assurance that the coin/token could survive for long just like Bitcoin. But for the money and the little moment they can get to maximize their profits, they will definitely give it a try. It is good that it is working for many.

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Y3shot
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December 24, 2023, 10:35:40 AM
 #500


Investing in wrong projects will see the end of joyful moments an bring terrible events. Altcoins ruled the market and they don't have season because they follow the appropriate steps of bitcoin which is entirely the top project in the market. I've seen altcoins put smile on the face of top whales in the space and it will continue to triggered more joy and enjoyable moments. Who doesn't like earning fast cool cash from the market? Answer me, who? Absolutely nobody, you know why, it's because entering into the market, the first thing that comes to the mind is ensuring to accumulate more profits.
Altcoins have really fetch people cool money,  it is fast in profits but risky expecially when you go into the wrong one. So many coin people invested but ended to be failed investment which they lose all they invested , not all Altcoins are the same . Sometimes you can be lucky to invest in the one that will give you good profits and sometimes you can end up investing on the wrong one, that is why people needs to be careful with the amount of money they pump in to invest Altcoins.
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