Quick profit is the only reason why we invest in Altcoins

[arjunmujay]

The reason is that I think they believe in altcoins that they keep for long or short term investments in the hope that it can provide multiple profits from the initial price they bought them by taking advantage of pump price increases or bull runs

There is huge profits to make investing in altcoins and we don't have to miss this opportunity rather than sticking to only Bitcoin.
We need to be aware and ready to invest in altcoins because this is the only way we could make reasonable profit from the market without any panic although there are bad projects that could take our money if we are nut careful investing in altcoins without diligent research about the team and how far the project could go.

However, huge profits can be made for those who are lucky enough to invest their money in new altcoins smoothly. Well, the main problem that has not been resolved is how we can distinguish which altcoins are good to invest in that promise multiple profits. because not everyone has that skill

It takes very in-depth research to find out whether this altcoin will make you rich or simply double your money there. because there have been so many altcoins that have collapsed due to developers not being strong enough to maintain their projects. or even it seems like the altcoin and the project are good but instead it's a scam.

[sotelorene]

The primary or initial reason why most people invest is for profit making first, then come other reason(s). Though there are people that do not like keeping money in Bank because of bank wahala and EFCC problem. There is an amount of money you will have keeping it in bank will be a very risky option and in that situation the only best option is to look for where to invest it, so that you won't be questioned because I have seen alot of people been questioned, not only questioned they freezed there account because of the amount of money in their bank account.

[Magic-Money]

Firstly that is what always comes to cryptocurrency investors in mind of buying alt-coins and hold before Bitcoin halving or after Bitcoin halving the Bull Run session we start that as Bitcoin make a move, other alt-coins we actually make a move by price increase which is normal thing based on the previous history of Bitcoin session of Bull Run market and the only way to make it in cryptocurrency is to apply patience of holding formula.

[electronicash]

The primary or initial reason why most people invest is for profit making first, then come other reason(s). Though there are people that do not like keeping money in Bank because of bank wahala and EFCC problem. There is an amount of money you will have keeping it in bank will be a very risky option and in that situation the only best option is to look for where to invest it, so that you won't be questioned because I have seen alot of people been questioned, not only questioned they freezed there account because of the amount of money in their bank account.

they are investors and of course, like you and i want ROI. a quick profit in investing and the good thing about altcoin investing is that even the smallest amount you got can become the biggest profit maker in the bull run.

however, a few religiously believe in the cause of the altcoin. before Bitcoin was further debated by its size and some other issues, the community was very devoted to decentralization and some even were making BTC as the power for the revolution against the empire.

[Kristiyana]

The main reason why most people invest in altcoins is to make quick profit, altcoins is only good for short term investment that is why most of the investors like investing in altcoins so as to make profit in a short term investment but I think the future of altcoins is very hard to predict. Investing in altcoins sometimes is very risky for me that is why I always avoid them, I'm not even a lover of altcoins, I only go for coin that can profit me in the future.

[moneystery]

it's true that i invest in altcoins to make a profit, but not a quick profit. i believe in the potential of the altcoins that i invest in, so i think that when i put my money there, there is potential that in the future i can make a profit, but i'm not looking for quick profits from that. because i think that when you are looking for quick profits from an altcoin, what will happen is that you can get scammed since there are many altcoins that offer fast profits in a short time, and i don't want to be an investor like that.

[Mate2237]

it's true that i invest in altcoins to make a profit, but not a quick profit. i believe in the potential of the altcoins that i invest in, so i think that when i put my money there, there is potential that in the future i can make a profit, but i'm not looking for quick profits from that. because i think that when you are looking for quick profits from an altcoin, what will happen is that you can get scammed since there are many altcoins that offer fast profits in a short time, and i don't want to be an investor like that.

You have said well and it was said, those who are eager to get quick rich always fall into scammers hands and be scammed. And if op want to make money there are two type of investment and they are short term investment and long term investment. The short investment is not for bit profit because the accumulated profit will not big because it will be a short period while the long term investment will generate huge amount of profit but you have to wait patiently for years to come and that is where "buy the dip and hodle" statement come to play.

[GideonGono]

Maybe for others or those who day trade would agree to this, but those who are investing on airdrops, test net or other types of way to earn, I don't think that they would agree to the term quick profit since they need to wait for uncertain time in order to take profit.
And those who trade maybe they could pull the QUICK profit, but the risk of those alts dropping down is also there so it isn't that easy.

[Asyifiah]

Not everyone will consider quick profits from investing in altcoins, many out there with alcoins become losses and are deceived in the hope of big payouts even though that is all a fad.
If you want to make big and fast profits, you must be prepared to face the risks that will occur.

[Kristiyana]

Not everyone will consider quick profits from investing in altcoins, many out there with alcoins become losses and are deceived in the hope of big payouts even though that is all a fad.
If you want to make big and fast profits, you must be prepared to face the risks that will occur.

Is just like this saying that many are called but few are chosen, those investors who prefer to invest in altcoins for short term investment  must of them always succeed why most investors also end up losing in the process. However if you want to go into altcoin investment you must be ready to bare the risk that is involved, I'm pretty sure that those investors who are going into altcoin investment knows about the risk that is involved so even if they experience lose in the market is not going to affect them in anyway because that's what they agreed on.

[redsun114]

In this period, it was actually BTC is the one that people are looking forward to because it had its halving event this year and people expect that it will pumped up. I only feel sorry for them because I am sure they are disappointed when they see that BTC dumped instead of pumped right after the halving was done.

There are still altcoins that are capable on the things that you mentioned there OP and this is the reason on why people buy them. If it's only about earning a quick profit, BTC is the ones that can do this better and not the altcoins. This is the reason why knowledge is important so that we will know the truth about some things.

[Essential10]

Not everyone will consider quick profits from investing in altcoins, many out there with alcoins become losses and are deceived in the hope of big payouts even though that is all a fad.
If you want to make big and fast profits, you must be prepared to face the risks that will occur.

Yes, everyone is in a hurry, investing is not a child's play, but it is better to invest wisely. There are a lot of altcoins and there is a high chance of falling into the pit. People's greed is high, so people invest in projects that provide quick profits and later get scammed, thousands of alt coins are born to create a trap for fraud. If you invest without caution, the fraud cycles will continue to grow and take advantage. If we want to invest in altcoins along with bitcoin investment, then it is better to invest in the top alt coins that are seen as bitcoin increases, but the profit is low, but there is assurance that something will be obtained from it in the future.

[Wysi]

Altcoins have great time, but the truth is that Bitcoin is still the main driving force, and it holds the key for altcoin rally.

Many Altcoin leaves Bitcoin behind in terms of percentage gains but Altcoins are highly volatile, and this involves greater risks.

During wild price fluctuations like this, traders seek quick profits, but the constant risk of corrections makes trading a more difficult job, especially for beginners.

Other Reasons why traders prefer to invest in Altcoin other than quick profits:

▫️Altcoins have smaller investment market compared to Bitcoin.

▫️Faster and cheap transactions.

[hamba laeh]

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.

for every investment you definitely want to get added value. wherever they will make an investment if they have good opportunities in the future. So in my opinion, investors are not only investing in Bitcoin, but they are also investing in altcoins which have the potential to grow in the future. because everyone doesn't want their money to be lost in vain because of carelessness in investing.

[Huppercase]

Yes, everyone is in a hurry, investing is not a child's play, but it is better to invest wisely. There are a lot of altcoins and there is a high chance of falling into the pit. People's greed is high, so people invest in projects that provide quick profits and later get scammed, thousands of alt coins are born to create a trap for fraud. If you invest without caution, the fraud cycles will continue to grow and take advantage. If we want to invest in altcoins along with bitcoin investment, then it is better to invest in the top alt coins that are seen as bitcoin increases, but the profit is low, but there is assurance that something will be obtained from it in the future.

I disagree though. Everyone want to make money in crypto space but the truth is that some people can wait as many years to see good profits instead of creating a project and get away there profit and exit for once. Though there are some projects that can't beat this allegations, in short the reason why we have many scam projects is because of the emergence of altcoins, most of them are fake and the team behind just push a false narrative just to enrich their pocket.

I remember last 2 years when someone will tell you that NFTs is the next big thing. If you refused to buy, you might be missing something later in the future but as soon as the project blow, they rush anf left the late investors hanging on loss for long till they recover or forever at loss. Not long, the launch brc20 tokens that were used to spam Bitcoin network, just to make it unique they launch it with Bitcoin hype only for that one to die completely. We need to do better in crypto space to be honest.

[Issa56]

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 agree with you, anyone investing in altcoins are just doing it because of money, some of them don’t really have proper knowledge about the altcoin they investing in, they just decide to invest blindly just because they are being recommended to them by people, and they are told the coin will perform well in the future, and they decide to put their money inside. Most people don’t even know the use case or take their time to read about the team of the project which they are investing in, so I agree with you that altcoin investors are doing mainly just because of money.

[martinex]

Is just like this saying that many are called but few are chosen, those investors who prefer to invest in altcoins for short term investment  must of them always succeed why most investors also end up losing in the process. However if you want to go into altcoin investment you must be ready to bare the risk that is involved, I'm pretty sure that those investors who are going into altcoin investment knows about the risk that is involved so even if they experience lose in the market is not going to affect them in anyway because that's what they agreed on.

What we want is not necessarily the same as what usually happens. The factor of wanting to make a quick profit always crosses our minds when we already have some funds in our wallet.

Often happens is rushing to buy and not setting it at the lowest price from the current price. Yes. The most common potential is that the price drops after we place a bid buy. That is what causes the butterfly effect so that we will spend a lot of time looking at market conditions all day even though there are other more important things that we have to complete.

[fikrett]

Is just like this saying that many are called but few are chosen, those investors who prefer to invest in altcoins for short term investment  must of them always succeed why most investors also end up losing in the process. However if you want to go into altcoin investment you must be ready to bare the risk that is involved, I'm pretty sure that those investors who are going into altcoin investment knows about the risk that is involved so even if they experience lose in the market is not going to affect them in anyway because that's what they agreed on.

What we want is not necessarily the same as what usually happens. The factor of wanting to make a quick profit always crosses our minds when we already have some funds in our wallet.

Often happens is rushing to buy and not setting it at the lowest price from the current price. Yes. The most common potential is that the price drops after we place a bid buy. That is what causes the butterfly effect so that we will spend a lot of time looking at market conditions all day even though there are other more important things that we have to complete.

Yeah, some people are losing their minds due to it.
That's why we should do it with the money we are okay to freeze / spend.
Otherwise, you will eat yourself up with the thoughts that your alts are going up and down, when you need just to wait it out.

[Ishicryptic]

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.

Profit is the main driving factor why people invest their money so that they can get returns on their funds in the future, the difference between Bitcoin and altcoins is that Bitcoin is a long term project while most altcoins like memecoins will hype and promise to make you rich overnight. From my research and experience I've come to understand that any business that promises you huge profits on the short term usually carries a lot of risks and most of them are scams so I'm very careful of get rich quick scheme businesses. Unfortunately memecoins are high risk businesses and as much as you can make huge profits on the short term, the chances of losing your funds is greater so before buying memecoins you need to understand that you are gambling your money. A newbie that is not familiar with cryptocurrency should just focus on buying Bitcoin that has built trust before thinking of risking their money in buying altcoins.