why people are always interested in altcoins

[CapGelatik]

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?

for some people investing in altcoins, almost all of them have the same reason as you, which is to wait for the highest price or what we often call Go to the Moon!, this is where the climax of investing in altcoins is. but another reason because investing in altcoins does not require a large fee and can be adjusted to the unit price of the altcoin invested, by having a little capital we can get some good and potential altcoins.

With so many people becoming a millionaire after investing in memecoins, it's logical that there are people wanting to follow what has been achieved in the past. And all they do is just wait for the bull market. They didn't even expect to get that much but because of the hype and memecoins added to big exchanges, many will really believe it could also happen to them. You could say it's not just BTC that will make people richer with just 1k of investment. All it needs is the right timing.

investment with limited capital or small capital, we better put it in the form of Altcoins, in my opinion, that way we can wait for the right time to release it when the market fluctuates in a better direction. I think it's easier to get profits by buying lots of quality altcoins for now

Yeah that's a good suggestion and I think the key is that we need to find altcoins that are really viable and have potential,
always do your research before investing in altcoins,
because with that at least it can minimize the risk and that's important.

[zaki12]

investment with limited capital or small capital, we better put it in the form of Altcoins, in my opinion, that way we can wait for the right time to release it when the market fluctuates in a better direction. I think it's easier to get profits by buying lots of quality altcoins for now

Yes, I agree with you, the reason everyone chooses altcoins is because the profit percentage is higher compared to Bitcoin. Because Bitcoin is too expensive, if the capital is small, the profit we can get is also small, maybe that is the main factor compared to Atlcoin, there are many choices and we can look for Atlcoin that has strong fundamentals to invest.

However, if you want to invest long-term, bitcoin is still the top choice. Looking for short-term profits, altcoins may be the right choice because we take advantage of every fluctuation as an advantage. Because every altcoin also has a strong character.

[Ibrahim60]

investment with limited capital or small capital, we better put it in the form of Altcoins, in my opinion, that way we can wait for the right time to release it when the market fluctuates in a better direction. I think it's easier to get profits by buying lots of quality altcoins for now

Yes, I agree with you, the reason everyone chooses altcoins is because the profit percentage is higher compared to Bitcoin. Because Bitcoin is too expensive, if the capital is small, the profit we can get is also small, maybe that is the main factor compared to Atlcoin, there are many choices and we can look for Atlcoin that has strong fundamentals to invest.

However, if you want to invest long-term, bitcoin is still the top choice. Looking for short-term profits, altcoins may be the right choice because we take advantage of every fluctuation as an advantage. Because every altcoin also has a strong character.

It is definitely true that people invest in altcoins for higer profit but there is high risks also. Profit rate in Bitcoin may be lower than altcoins but Bitcoin is safe as investment. There are a lot of hype altcoins which can be causes of losing your capital. It is good idea to find out potential altcoins which have strong community support, bright future and price is also low.

[el kaka22]

I think one of the main points is that they believe they can somehow contribute to the conversation. I cannot really change anything about bitcoin itself, nor about ethereum or bnb or ada or avax or matic whatever. But if I can find something small, something that is just starting out or even haven't been released yet, then I could be in their chat and talking about what type of direction it should take, and maybe I won't be cared and they will do whatever they want to do but at least I would have some sort of understanding about it.

This is why I believe that we should be focusing a bit more towards the control part of it, and why people like to feel so important and why that matters for altcoin world.

[Moeda]

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?

One of the reasons as you mentioned, the high pump, but it's certain coins that haven't received attention from investors, the goal is to attract investors in these coins to come and invest. But another reason is small capital. If our capital is small, then investing in Bitcoin, the amount of Bitcoin we hold is very small, and this looks less attractive to us. But if we invest in altcoins, of course the amount we get is in large quantities. Our balance looks interesting. But if we have more capital then Bitcoin is the right choice. At least Bitcoin is not less than 0.1 BTC

[Rengga Jati]

Yes, I agree with you, the reason everyone chooses altcoins is because the profit percentage is higher compared to Bitcoin. Because Bitcoin is too expensive, if the capital is small, the profit we can get is also small, maybe that is the main factor compared to Atlcoin, there are many choices and we can look for Atlcoin that has strong fundamentals to invest.

And this is for short-term investment probably, or if everyone is able to utilize the hype moment, they can really get very high profits from the cycle of pump and dump, the condition of hype projects becomes the golden moment for the people to buy altcoin in very low price and then sell the coins in the rising price because of hype. taking profits at the right time is the key because, after that, most of the hype altcoins will fall down and never rise up again. that is why this kind of investment is actually very risky for the newbies and I suggest you not to do this if you are not able to analyze the right time to buy and sell seriously

[nakamura12]

Because many of the altcoins are new which people have a chance to earn profit when it is fully running. Most people want altcoins for a chance for profit when they missed the bullrun before and didn't want to wait for another that's why they want to find another altcoins where they can earn profit when there are other things that they can do to earn profit.

[Abiky]

Only bitcoin can be trusted to be the one avoiding inflation, not any altcoin. So with that logic you should always buy Bitcoin and not altcoins. Altcoins may bring your profits over the short term but there can only be that much and not more. In the long run they are going to go down and you will suffer for your decision.

Human nature of being greedy is fed by altcoins, there is not doubt about this. But even then we have to be careful about newly launched altcoins.

Truly people are more interested in Bitcoin but fear buying it because of its large buying price to get a whole number of Bitcoin.

Bitcoin is the real deal. The rest of the altcoins being traded on the market are "pure junk" (with the exception of ETH and a few old coins). People only invest in altcoins with the hopes of "striking" it rich someday (especially when they've missed the Bitcoin train). Some people get lucky investing in alts, while others don't. It's a much riskier bet than investing in Bitcoin itself. After all, altcoins are known to be extremely-volatile at times.

I'd diversify my portofolio just to minimize as much risks of loss as possible. As long as you don't turn greedy, nothing else matters. Just my thoughts

[Bazzu]

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?

for some people investing in altcoins, almost all of them have the same reason as you, which is to wait for the highest price or what we often call Go to the Moon!, this is where the climax of investing in altcoins is. but another reason because investing in altcoins does not require a large fee and can be adjusted to the unit price of the altcoin invested, by having a little capital we can get some good and potential altcoins.

With so many people becoming a millionaire after investing in memecoins, it's logical that there are people wanting to follow what has been achieved in the past. And all they do is just wait for the bull market. They didn't even expect to get that much but because of the hype and memecoins added to big exchanges, many will really believe it could also happen to them. You could say it's not just BTC that will make people richer with just 1k of investment. All it needs is the right timing.

investment with limited capital or small capital, we better put it in the form of Altcoins, in my opinion, that way we can wait for the right time to release it when the market fluctuates in a better direction. I think it's easier to get profits by buying lots of quality altcoins for now

Yeah that's a good suggestion and I think the key is that we need to find altcoins that are really viable and have potential,
always do your research before investing in altcoins,
because with that at least it can minimize the risk and that's important.

I agree with your opinion, indeed we have to be able to choose the right altcoin because if we can't choose it will make us experience big losses, because altcoins are different from bitcoin. that's why many people who invest in altcoins only use a little money because they see the risk. but the unique thing about investing in altcoins is that even with a little capital, our can get a lot of profit. because the altcoin price pump when it goes up the price is very good.

[wajik-tempe]

People are often interested in altcoins because they offer the potential for profit and offer an opportunity for investment diversification. The crypto market is known for its volatility, and many investors see the rise of altcoins as a chance to make significant gains in a short amount of time.
It's important to keep in mind that investing in altcoins can be risky, as many of them are still in the early stages of development and have a higher level of uncertainty and volatility compared to established cryptocurrencies like Bitcoin

[tygeade]

People are often interested in altcoins because they offer the potential for profit and offer an opportunity for investment diversification. The crypto market is known for its volatility, and many investors see the rise of altcoins as a chance to make significant gains in a short amount of time.
It's important to keep in mind that investing in altcoins can be risky, as many of them are still in the early stages of development and have a higher level of uncertainty and volatility compared to established cryptocurrencies like Bitcoin

Diversification is something you do with crypto and other assets, not within crypto. If you have 50% bitcoin and 50% altcoins, then it is not a true diversification, it's still diversification inside crypto itself, so it works and that's not a bad thing, you should do that and I am doing it too.

However, you shouldn't invest 100% into bitcoin, that means you are not really diversified at all. I personally prefer that if we could end up with a good return, then the best way to have a good return would be having multiple assets and one of the ways is to diversify your crypto and also diversify your assets all together so that nothing is too big.

[bakasabo]

I think no one has ever mention the variety of altcoins vs bitcoin here. A person can create a Bitcoin wallet online and store only one cryptocurrency there. When a person can create BSC or ETH wallet online and store thousands of different altcoins there. A person has more options for investment, he is more flexible. A person hear about profitability of Bitcoin and he is not surprised already. But when he hears how might profitable a new altcoin is, he is more concerned about making an investment. Because he wants to be among first to invest, an early investor, to try to buy at low price. With Bitcoin you can be first one to mine or invest, first one to hold already.

[yazher]

Those people are willing to gamble with their money in order to earn multiple amounts of money than bitcoins if their investment was right and also they need to learn their lesson due to the fact of lots of influencers on Youtube promoting multiple altcoins. When they realized their mistakes, they will surely return back to investing in bitcoins or quit any engagement in the crypto industry. Most of the time, influencers drive them to invest in some shitcoins and when you are lazy enough not to do your own research concerning your investment, you likely fall into their traps.

[Shobhikhan_007]

Because altcoins can makes huge profits. 
For example

I brought RNDR when it's 0.2$ couple of months ago. Today it's 2$ worth. I got easily 1800$ 

[d3nz]

Those people are willing to gamble with their money in order to earn multiple amounts of money than bitcoins if their investment was right and also they need to learn their lesson due to the fact of lots of influencers on Youtube promoting multiple altcoins. When they realized their mistakes, they will surely return back to investing in bitcoins or quit any engagement in the crypto industry. Most of the time, influencers drive them to invest in some shitcoins and when you are lazy enough not to do your own research concerning your investment, you likely fall into their traps.

There is a huge difference between the value of BTC and altcoins, and of course, people will buy much cheaper crypto and they will gain large sums of assets and the value will go much higher in the future. Investing in BTC is risky the same as an altcoin.

And investing in sh*t coin is much riskier but worth it if you the value sky-rocket if some whales add volume on it.

[inthelongrun]

There are also a lot of promising altcoins although Ethereum seems to be the only one that is consistent for many years. Despite the risk, there are too many people like me that are willing to risk on some altcoins at the top or even the low market cap coins for the reason that they might do a x10 to x100 during a bullish season. It's been proven anyways, only that the chances are also slim, especially for the low-cap coins. We really need effort to do research and only risk a small amount of our overall portfolio.

[iv4n]

Because altcoins can makes huge profits. 
...

Yes, they can make huge profits. Ethereum, Monero, BNB, and many others are good examples of how much alts can actually rise. And it's not over, these coins have the potential to go even higher. I guess each of us made some profit with alts, some a lot some less, but everyone caught at least one.

But besides making a profit I really like to use and explore some new projects and their coins. I am not a pure investor who thinks only about the profit, I like to support some projects simply by using it.

[Argoo]

My main reason is bitcoin will not give me another chance to make bunch of money. You need lots of fund to make money from bitcoin while you can do that even with small amounts of money through altcoins. These days people were massively seeking profit from investing their money into the altcoins. i think that you shall aware that if the fact that if these days altcoins can give you more than bitcoin. Even if you were not a part of early adopters and you can still make like a few hundreds percents in less than a month which is good.

Altcoins have a wide variety of useful features and therefore potential investors hope for a good return on their investments. In addition, some altcoins in the first stage grow very quickly in price. There is a big risk of losing your investment, but also a big profit if the project is successful. Bitcoin already has a very high price and its further price growth in this regard causes certain problems. Therefore, there will always be interest in altcoins.

[@sriyan]

Because most of the altcoins come up with good use cases. Also, all the altcoins are following the bitcoin trend. If you know about the money circle, then you will realize this.

The money Cycle means how the money is going from bitcoin to shitcoins.

Money Cycle:

 1. First institutional investors investing in bitcoins. If they have some profits, then it transfers to the altcoins.
 2. If they have some profits on altcoins, then they will transfer that money to shitcoins. Likewise, it goes until the shitcoins.

my Other point is the percentage of profits in altcoins higher than the percentage of profits in bitcoins. So every investor trying to get big profits. So they are investing in altcoins. The major disadvantage of altcoins is they are not decentralized like bitcoins.

[cozytrade]

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?

for some people investing in altcoins, almost all of them have the same reason as you, which is to wait for the highest price or what we often call Go to the Moon!, this is where the climax of investing in altcoins is. but another reason because investing in altcoins does not require a large fee and can be adjusted to the unit price of the altcoin invested, by having a little capital we can get some good and potential altcoins.

With so many people becoming a millionaire after investing in memecoins, it's logical that there are people wanting to follow what has been achieved in the past. And all they do is just wait for the bull market. They didn't even expect to get that much but because of the hype and memecoins added to big exchanges, many will really believe it could also happen to them. You could say it's not just BTC that will make people richer with just 1k of investment. All it needs is the right timing.

investment with limited capital or small capital, we better put it in the form of Altcoins, in my opinion, that way we can wait for the right time to release it when the market fluctuates in a better direction. I think it's easier to get profits by buying lots of quality altcoins for now

Yeah that's a good suggestion and I think the key is that we need to find altcoins that are really viable and have potential,
always do your research before investing in altcoins,
because with that at least it can minimize the risk and that's important.

If you invest in Altcoins, you have to invest with risk. No matter how ambitious you are, you can never say that you can make a profit by investing. But you have to have a good idea to invest in Altcoins, then you can make money by investing.  I have seen most of the people lose money by investing in Altcoins in the first place. So we should be careful before investing.