Quick profit is the only reason why we invest in Altcoins

[Dailyscript]

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

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[puremage111]

Well i wouldn't say everyone

But i can say majority would say yes
Dev/builder/revolutionarist might only account for <10% i guess

Out of maybe 10 friend of mine who invested in crypto
Theres only like 1 really know what blockchain is

[BD Technical]

Everyone is for pocket money to invest and I am also for English bappy in that case if you don't invest then you won't get it you have to get profit.  But you will see that if you invest in Bitcoin at the current price it will increase in price.  After half an hour your condition market is getting re-energised, market seems to continue like this now you can invest in these tokens.  However, at the current rate of growth, it seems that the price of Bitcoin will go away soon.

[Ever-young]

Some reason why most people invest in Altcoins can’t be far from the profit but we can’t say profit is all they see as to why they buy and use Altcoins, Bitcoin is not only being hold by those who want to use and keep it we store of value they are also being hold for long time in other to enjoy the profit that will come with it.

If we are to talk about the privacy their are also some Altcoins which are privacy coins like the monero it’s a good option for anyone who want to hide their privacy, another reason why other can invest in Altcoin is for cheap and fast transaction, look at what was happening in time of bitcoin network congestion the pressure was moving to Altcoins which where used for as alternative for transactions just as they are supposed to be Altcoin (alternative coins).

[GreatArkansas]

I don't think that "quick profit" is the best term here, maybe high-risk high reward.

We all know how altcoins are volatile and risky since most altcoins out there are scams or just want to steal money from people.
It's essential for investors to conduct thorough research, consider the risks involved and have clear strategy while dealing with altcoins.

[Bureau]

I have not seen anyone getting quick profits by investing in altcoins unless they have invested in the early stages. The risk is very high when anyone invests in a new altcoin project and if the project makes an impact then only the profits can be gained. So, the higher the risk the higher the profit but it cannot be a quick profit as it takes time in the bull market too.

[cryptoWODL]

I still doubt that investing in alt coins can make quick profits. I have seen many people who invested in various alt coins but they never achieved success rather failed.I have been an alt coin investor myself but once I invested in a coin I almost lost more than half of my money from that coin. Lol  

If someone makes a quick profit from Alt coin, they are lucky to do so, as far as I can see, no one has yet made a quick profit investing in alt coins. Many people also say or think that various new alt coins come into the cryptocurrency market which increase in price when they think that they can earn high profits by investing in them.Investing in them is much more risky for everyone.

[wxa7115]

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

This was not always the case especially at the early stages of this market, back then when bitcoin was still the only cryptocurrency in existence, enthusiasts were willing to invest in new coins, not because they were after material gain, they simply wanted to see how far the idea of the blockchain could go.

So they joined hands with some developers that were around back in those days and gave them the money to develop their projects, eventually some of them became successful and they made a lot of money, which is what eventually fueled icos, NFTs, meme coins and all the many different bubbles we saw since.

[cryptoaddictchie]

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

Well some altcoin holders love the platform they are using like for example on gaming but we cant deny that mosr or majority of altcoin holders are after profits. What other reason could it be if its not for gains? But some prefer to use the blockchain to enhance their wants or needs on their gaming apetite like some spend really for blockchain coins to use for in game items or anything that upgrades inside the game.

[mk4]

Not necessarily quick profit but to be specific, to allow more risk for potentially more reward(or loss lol); at least for me that is. Other people like to think they're doing it for "diversification" but the diversification provided by alts are very very small as they get heavily affected by BTC's movement anyway.

[Kelward]

I think that investors that buys altcoins for quick profits are the ones that buys new projects, because buying them is gambling, they can give the investors many times their ROI, or the project can be dead on arrival or won't survive to reach long term. I wouldn't categorize top altcoins like Ethereum, BNB and Solana, as altcoins that we invest in for short term profit purposes, because they're altcoins that have stood the test of time in the crypto market, and they have proven to have the potentials of hodling for a long term. This is why I advice investors that wants to buy new projects to invest the amount that they can afford to loose, because they're very risky.

[Reatim]

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

]
Why call it as a Quick profiting when you can just invest and wait for some time? project that promising you easy money will surely scam or not going anywhere into  so try not to be lured by false profiteering in shitcoins .

Not necessarily quick profit but to be specific, to allow more risk for potentially more reward(or loss lol); at least for me that is. Other people like to think they're doing it for "diversification" but the diversification provided by alts are very very small as they get heavily affected by BTC's movement anyway.

correct mate and that is the point of not believing in this thread asking to make quick profit because the eager you wanted to earn easy money is the more chances of you losing yours.

[EarnOnVictor]

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

I will be more correcting here because most of what you said is wrong. First, Bitcoin and altcoins are crypto assets, either of them can initiate the move in the market. But often, it's Bitcoin that initiates the move, and by its most relevant remark in the industry, we should not expect less. Nonetheless, altcoins are not as useless as you make them look, and Bitcoin is not without its losing season as well. If you bought Bitcoin in 2021, will you be smiling in 2022? That is it, none of them are immune from the bearish season, so the store of value you attributed is not so appropriate, investors can only manage their portfolio better to avoid losses.

Again, how they will help you store the value is still a function of the type of coin/token you are talking about. A lot of them have values now, they are linked to good projects nowadays and such projects are such that we can physically see. So if one can hold on to such coins/tokens these days, they might be better than it was before. But still, one has to be careful and use the charts for guidance, as risk is involved.

Lastly, you are wrong about the P2P remark. Many altcoins have their P2P and I've used at least 3 of them in the past.

[btc78]

There are lots of benefits or advantages altcoins have over bitcoin.

One would be their lower transaction fees and faster transaction times. I have seen lots of businesses that offer services or products to be paid in altcoins instead of bitcoin because if they were to pay in bitcoin, it would take them forever and not to mention the incredibly high transaction fees.

Second would be since altcoins are relatively cheaper, some investors invest their money in hopes of making huge profits. Some investors are trying to catch the ‘next bitcoin’ of course that is quite difficult to catch because no altcoin, not even ethereum, has reached the success that bitcoin has.

There are lots of types of altcoins that cater specifically to different kinds of people hence i know a lot of people who actually prefer using altcoins than bitcoin especially for everyday transactions

[AbuBhakar]

If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

Aside for quick profit I think the gaining potential is the other main reason why people keep investing on altcoin despite volatility. Every crypto trader and investors always dream to experience same profitability of Bitcoin investment during early days that’s why many keep looking for that gem coin that can good that kind of profit opportunity even if the project is high risk.

Therefore it’s not about quick profit rather due to profit potential it can possibly give once the project become discovered which we already witnessed that tons of them become successful like BNB, ETH, Doge and many more that started from almost zero price.

[sunsilk]

Aside from the belief of the technology and use case that they have, it's also how profitable they are as what they believe.

There are comparisons for the gains that they make in Bitcoin and also in altcoins. But if it's about with the assurance, no doubt that you can sleep well while holding Bitcoin.

Whilst for the volatility of most altcoins, they can fly by night and be gone by tomorrow in terms of liquidity. This applies to those projects that are unknown but as with the established ones, it's about the ups and dumps.

[jrrsparkles]

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

I can't deny that people invest on altcoins especially new projects to make quick money but there are certain altcoins that long lasting for years like monero, ethereum, Litecoin which definitely possible only when there is enough community support.

People who buy new projects either a whale or influenced by someone because they have been told that it will be a next big thing so they have a delusion of they missed to invest in Bitcoin so they feel it's good to take the risk with xyz coins.

[Adreman23]

It's challenging to expect ‘quick profit’ when investing in altcoins because not everyone actually profits from it. Most of the time, the majority end up losing because out of the hundreds of new altcoins emerging, only a few or almost none succeed. Even investing in older altcoins may not guarantee immediate profit since their prices sometimes drop right after purchase. Perhaps only a handful of individuals manage to achieve quick profits, not the majority.

[husencoe]

We know that money will not reproduce by itself. The world of cryptocurrency is very tempting. There are many methods that can be used to gain profits. One of them is bitcoin which continues to rise every year. Apart from that, the presence of new coins and tokens is also give an attraction, where they can participate in project development and buy coins or tokens at low prices and then selling them when published at a higher price. In other way, trading and mining can also be a source of income for investors, not to mention other rewards that can be obtained from airdrops and bounties, which will certainly make the crypto world even more popular. I Think this is the reason why investor dive into crypto.

Of course, where there are benefits, there must be different risks. Crypto requires people to have enough knowledge so they can prevent their losses. Without adequate knowledge, entering the world of crypto is like entering a spider's web, and the possibility of losing everything is greater.

[ItsaWhale]

Investing in Altcoins had been what so many invested have been looking at these period. Believing that bitcoin's bull run will surely influence the price of the altcoins and hive them massive gains. Literally if bitcoin rises altcoins follow suit but this is the only reason i see that makes potential investors to invest in Bitcoin. There is no other interest as they feel its unsafe to store value or wealth, cant be used for p2p transactions and it cant be trusted to hodl for long. If you think there is any other reasons that makes investors put their money in altcoins feel free to share. I would love to know.

Its just not the quick profit as long term on good projects will make much more profit