why people are always interested in altcoins

[icalical]

Because some people saw other people actually getting rich overnight by buying altcoin, though finding those kind of altcoin is just like looking for a needle in the hay, other than that, Bitcoin price is already so high, so people just looking for some cheap coin

[woksy]

No it’s not the same
Holding Bitcoin is a must have but I hunt for technology and promising project
I found NeonLink, they have lots of stuff to come out and I expect them to grow
The same thing I expect from the other project that I’m in
I look for perspective altcoin that has a use case to it, see?
Alt coins are more fun and cool if it comes to researching and creativity
You never know will it be web3 gaming, NFT collection or like NeonLink both plus many other things
You just look for a fun good looking perspective project
Some ppl don’t wanna research, they choose Bitcoin, cuz it’s safer

[judaspriest]

Altcoins and Bitcoin are indeed very different in making profits for investors, for old investors Bitcoin is indeed very meaningful,
because it has got a profit ROI of x1000000?. while there are still many altcoins that haven't reached 100x or even 2x,
that's why investors are now more concerned with investing in altcoins than in bitcoin.

[Boomber]

Because some people saw other people actually getting rich overnight by buying altcoin, though finding those kind of altcoin is just like looking for a needle in the hay, other than that, Bitcoin price is already so high, so people just looking for some cheap coin

that's right, that's why there are still many people who invest in altcoin and choose to take risks compared to investing in Bitcoin, because only altcoin can give us a big profit compared to investing in Bitcoin, but of course the risk is also bigger than investing in Bitcoin, therefore if we want to invest in altcoin, then we must be prepared for the risks and of course don't forget to DYOR before investing in altcoin.

[VFalcon]

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?

I invest in altcoins like BNB, NEAR, and TFS for several reasons. Firstly, the potential for higher returns is enticing. Altcoins have historically shown impressive price increases, and I hope to capitalize on these upward trends. Secondly, altcoins often represent innovative blockchain projects with unique features and use cases. By investing in these projects, I support their development and aim to be part of the technological advancements they bring. Lastly, the pumping and volatility in altcoin markets can present exciting opportunities for short-term gains. However, I do acknowledge the risks involved and carefully research and assess each altcoin before investing.

[Fredomago]

Because some people saw other people actually getting rich overnight by buying altcoin, though finding those kind of altcoin is just like looking for a needle in the hay, other than that, Bitcoin price is already so high, so people just looking for some cheap coin

that's right, that's why there are still many people who invest in altcoin and choose to take risks compared to investing in Bitcoin, because only altcoin can give us a big profit compared to investing in Bitcoin, but of course the risk is also bigger than investing in Bitcoin, therefore if we want to invest in altcoin, then we must be prepared for the risks and of course don't forget to DYOR before investing in altcoin.

People who thinks that crypto is the quick way to richness, they are looking at this investment as place where they can pick an alt coin and it will pump so high and give them huge amount of profits. Not realizing that the amount of risk that they are taking is really something that can scam them and lead them to lose their money.

Not generalizing though, there are still alts that may give you decent profits, just do your DYOR and set a proper expectation to avoid
any panic or fears when the market is not favoring your position.

[Abiky]

Quick profits from altcoins can be tempting, almost hypnotic. Yet, it's dangerous. Profitability from altcoins isn't a surefire outcome, it's more akin to rolling the dice, and the house, unfortunately, has a way of winning more often than not.

Comparing Bitcoin with altcoins is like comparing gold with fool's gold. Bitcoin, by virtue of its first-mover advantage, and well-established network, provides a relatively safer harbor in the tumultuous sea of cryptocurrency. Yes, the gains may not be as spectacularly meteoric as some altcoins, but the risk of total loss is significantly lower.

Altcoins, especially meme coins and those without concrete roadmaps or use cases, are wild cards. They're akin to hot potatoes, with people trying to pass them on before they get burnt. The euphoria of making a quick buck often blinds investors to the inherent risks involved. Crypto-millionaires might have been minted from altcoins, but let's not forget those who have been wiped out.

Altcoins are a means to get rich quick if hype pumps market prices all the way to the moon. While that is a fact, they can also make you poor in an instant if you don't invest wisely. Just like you said, altcoins are just a gamble. Bitcoin is a better choice due to its low-risk, low-reward ratio.

If you want to be smart, invest in an altcoin within its early days of launch. That because an altcoin's price usually pumps massively due to FOMO. If you buy and sell at the right time, you can earn some decent profits along the way. Those profits can be used to buy more BTC and build your way towards non-stop success. Who knows how far altcoins will go? Just my thoughts

[krava22]

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?

I invest in altcoins like BNB, NEAR, and TFS for several reasons. Firstly, the potential for higher returns is enticing. Altcoins have historically shown impressive price increases, and I hope to capitalize on these upward trends. Secondly, altcoins often represent innovative blockchain projects with unique features and use cases. By investing in these projects, I support their development and aim to be part of the technological advancements they bring. Lastly, the pumping and volatility in altcoin markets can present exciting opportunities for short-term gains. However, I do acknowledge the risks involved and carefully research and assess each altcoin before investing.

I agree with u. Altcoins like NEAR, and TFS offer higher returns, support innovative blockchain projects, and present exciting short-term opportunities. I acknowledge the risks and conduct thorough research before investing. But I'm not sure about BNB, I do not think that in the future token will be able to consistently give pluses, although this is my opinion

[TheSpiral]

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?

Old and experience users love to hold btc and they have big parts of portfolio consist of BTC while new users believe that altcoins can give more Profit than btc and more than half portfolio to they using for holding altcoins. Altcoins pumping is high but dumping is same because of low cap. The reason for buying altcoins for me is same like you and i love to take risk . i am holding altcoins more than btc and i hope it will give me more profit than btc

[JeffBrad12]

Because some people saw other people actually getting rich overnight by buying altcoin, though finding those kind of altcoin is just like looking for a needle in the hay, other than that, Bitcoin price is already so high, so people just looking for some cheap coin

that's right, that's why there are still many people who invest in altcoin and choose to take risks compared to investing in Bitcoin, because only altcoin can give us a big profit compared to investing in Bitcoin, but of course the risk is also bigger than investing in Bitcoin, therefore if we want to invest in altcoin, then we must be prepared for the risks and of course don't forget to DYOR before investing in altcoin.

People who thinks that crypto is the quick way to richness, they are looking at this investment as place where they can pick an alt coin and it will pump so high and give them huge amount of profits. Not realizing that the amount of risk that they are taking is really something that can scam them and lead them to lose their money.

Not generalizing though, there are still alts that may give you decent profits, just do your DYOR and set a proper expectation to avoid
any panic or fears when the market is not favoring your position.

well unfortunately many are investing in cryptocurrencies definitely for that sole reason, that is a get rich quick scheme, you can see it from the fact that there are many that invest in meme coins.
those that invest in meme coins are massive, with market capitalization that's just humongous and also the trading volume that is huge.
it's easy to deduct the fact that there are so many people that actually interested to investment that's rather speculative in nature and also make them rich quick.
it's no wonder that there are many that losses money along the way because they are greedy.

[jossiel]

Old and experience users love to hold btc and they have big parts of portfolio consist of BTC while new users believe that altcoins can give more Profit than btc and more than half portfolio to they using for holding altcoins. Altcoins pumping is high but dumping is same because of low cap. The reason for buying altcoins for me is same like you and i love to take risk . i am holding altcoins more than btc and i hope it will give me more profit than btc

That is so true.

We've been tested by time and saw what's best to do with our portfolios and how's the allocation gonna be. We believed that having more btc is the best for each portfolios.

And that is because bitcoin has been the king of this market and will protect our money and far from pump and dump unlike the unusual altcoins that we do see in the market.

[timoshani]

The interest in Altcoins is because – it's always new and can be quite profitable. Altcoins are very diverse. Now many areas have been invented where you can use this or that token. In addition, the crypt is convenient. But one minus regarding risks. Because of them, too, people are interested in Altcoins in order to find some kind of token more promising.

[BaeSuzy]

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.

[WalkerIVIV]

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.

[Fredomago]

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.

Quick scheme and willing to take that big risk, but once being scammed they will cry out and call the entire market as scam venue for investment, that's very common in terms of those who are practicing this style of investment, but for me, the chance of making money is always open for each investors and traders who will take time in doing research and properly understand if how the market works and what are the things that will bring good pump to a certain project.

Knowing the grounds will give you an idea if your interest in a certain project will manifest a good outcome after you place
your investment.

Taking time to completely know the basic and continue enhancing your knowledge, that interest can be converted to a successful
investment and trade.

[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.

[lobo13hf]

if you see many altcoins chart in coinmarketcap then you can easily figure out why many are so interested in this.
their chart usually lasts about a year with really high all time high and then went downhill ever since, it means its good for investment short term and could flip money relatively easy.

[BatonNakroshil]

My reason to buy is passion and a will to earn more by pushing my fav project with the community
I see new projects like NeonLink and I simply want them to grow to reach highs
You see a great team, amazing product and you wanna know If people will join them
You see a new upcoming trend and you wanna be right about it... I think I invest cuz I believe in technology and defi future

[Chainsmokers]

Try to see how much the ROI of Bitcoin according to coinmarketcap.
If you have looked at it then you will see 63020303% ROI since the all time low to 2023, isn't that an amazing ROI?
and of course the risk to buy at $ 30k is also very high, we will not know what the future of bitcoin will be, and I don't think anyone will be able to predict it,
so altcoins are a good choice to buy without high risk, although we are advised to stay alert.

[Abiky]

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