Why are altcoins important?

[Vincom]

Yes altcoins can give you high profits than Bitcoin when they do very well and don't scam but the problem is that alot of altcoins are scamming their investors therefore it becomes difficult to identify which altcoins is real and not a scam. The altcoin that are very popular and listed on big exchange for their IEO won't give you a big profit unless you have large amounts of investment money to put in buying the coins from the day they launched but alot of investors don't have that kind of amount.

Therefore they buy unpopular coins with little money and they hope for them to become popular and give them profit but alot of them fail and others scam therefore investing in altcoins to make money become difficult for many but regardless of all this, altcoins are every important in the market as they help in doing things Bitcoin can't do. They help to give us bigger profit that it'll be hard to get from investing in Bitcoin.

High profitability is just one aspect of the value of Altcoins.

I believe Altcoins are truly important in the crypto market because they come with technologies with (high speed, low cost, smart contracts) to meet user needs or promote on social media (memecoins). Most importantly, Altcoins help make the crypto market more vibrant, give investors more choices, and allow money to flow between BTC and Altcoins to create stronger growth and longer uptrends.

After the advent of Altcoins, the market has seen many narratives such as Layer 1-2-3, DeFi, GameFi, SocialFi, NFT, Metaverse, RWA, DePIN... these are things that BTC cannot create on its own. Crypto is just one side of the coin, the other side is blockchain technology, and I believe that new potential projects that are launched will actually be widely adopted in the future to bring more value to society.

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[Tahid12]

Op you are right from your point of view. I already invested with a lots of altcoins and most of them turned into scam or dead coin right now. But yeah, many altcoins also gave me profit to. So I can't ingore the whole altcoins sector. Rather it will be wise to select good altcoins which have less possibility to scam and more possibility to generate profit for you. Otherwise you'll be scam by altcoins. So be conscious before investment

If you have gained profit from altcoins and your profit is greater than your loss then its okay you are in profit so forget about the loss. There is also a way to make identification about altcoins nature but for it your experience and knowledge will work better.
There are unlimited coins in crypto market but we have not to choose all of them as there is a huge percentage of scam projects so invest with great care and give time to experimentation.

actually people know this fact that they should only investing top potential altcoins which can be considered most safe and secured (although can't guarantee 100%). But these bring lower return at the end as these are already pumped a lot to gain top position.that is why instead of those top potential altcoins, people also interested in low rank altcoins and shitcoins. That's why you will see someone is Trading a shitcoin no matter if that coin is rank 10000th. If they lost, they lost but sometimes they gained huge profit that make him rich. And nowadays people are searching for such altcoins. That's why memecoin and many shitcoin get popularity and many potential altcoins are underated. Whatever it is advised to choose altcoin wisely

[skaliente]

Scam, death both have in altcoins market so why you want investing altcoins?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion? 

Hoosat Network's Coin Supply and Distribution
The Hoosat Network has a transparent and predictable monetary policy designed to ensure long-term sustainability. Here's a breakdown of the key points:

Total Coin Supply: The maximum supply of Hoosat coins is capped at around 17.1 billion. This finite supply helps control inflation and maintain the value of the coin over time.

Fair Distribution: There is a 360-block pre-mining phase, which equals 100,224,000 HTN, constituting 0.58% of the potential max supply. The total max supply is 17,185,510,833.03 coins if we assume 1 block per second.

Locked Premine funds: There is a locking period of 20 million per year, which means the premined funds last at least 5 years. If the locking period is required to be broken, it will be put to a community vote.

Regular Halving: The block reward for mining new coins will be subsidized every year. This process gradually reduces the rate at which new coins are introduced into the network, further contributing to coin scarcity and stability.

Long-Term Sustainability: With a total subsidy cycle of over 65 years, the issuance of new coins will reach zero in 115 years, ensuring a predictable and sustainable long-term supply.

Blockchain launched: The network was launched for public access on 8th March 2024, at 14:00 UTC.

Block Rewards: Assuming a block production rate of 31,536,000 blocks per year, the block rewards will follow a predictable subsidy schedule. You can find more detailed information about the specific block reward schedule on the next page's table.


Tokenomics of the project is amazing and in any case we will reap success with this.

[Zanab247]

If you are into altcoins short term hodlers, you will enjoy altcoins investment because it will allow you to make a good profits that will encouraging you to remain in altcoins short term investment.

Do you know, there are some altcoins you can invest now and hodl, once their price begin to pump,you can use the period to sell to accumulate your profits despite the profit will not be big like those into long term hodling.

But if you want to go into long term investment, I will advise you to make ETH and BNB and it will help you to achieve what you want because they always pump whenever BTC price is pumping from the market.