Why are people interested in investing in altcoins rather than Bitcoin?

[benalexis12]

Recently I have heard from some newbies that they are more interested in investing in altcoin than Bitcoin. They think that investing in altcoins will make them more profitable. So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?

It's just for me, and I observed that if you invest in Bitcoin for the long term or during this bull run that we are waiting for, it is only possible that it will only increase 5x during this entire bull season. For example, if you have $100 to sell now, your capital will only be multiplied by 5x.

But if you invest in altcoins, you can get more profit than that, especially if you invest in meme coins, if you are sure that you will follow the rise of Bitcoin when it also rallies in the market in the future. This is the only thing I have seen that is actually attainable, in my opinion.

[Abiky]

Simple, they want to maximize the profit, with Bitcoin they need to hold for few years in order to make a lot profit.

There are no other reasons behind that because cryptocurrency are essentially useful when it comes to anonymity, decentralization and offer a service in digital world. But, there are many offline project that create their own native token for crowdfunding, a way for foreigners to donate or participate the project.

Of course. Altcoins bring "easy money". Especially "meme" coins. Most people these days want to "get rich quick", so they will choose altcoins on top of Bitcoin. Even if 99% of the altcoins are centralized and unreliable "shitcoins". No matter how big altcoins grow, they will never be able to beat Bitcoin. It's not about what shiny-new features a coin has, or how profitable it is. But rather, how useful and reliable it is. BTC may be slow and expensive at times, but it's the best cryptocurrency in the world in terms of decentralization and censorship-resistance. It's also the one with the highest merchant adoption in the world.

Those who want a solid long-term investment, will choose BTC over alts anytime. It's even better than Gold. With how quick the crypto market moves, I wouldn't be surprised if new altcoins replace existing ones in the future. Lets carry on, shall we?

[Naufalradit]

I think currently people are more inclined to invest in altcoins because they think the value of altcoins is still below bitcoin. but not everyone thinks like that. and of course, people who have been familiar with the world of crypto for a long time will actually prefer bitcoin as a form of investment.

[TastyChillySauce00]

I think currently people are more inclined to invest in altcoins because they think the value of altcoins is still below bitcoin. but not everyone thinks like that. and of course, people who have been familiar with the world of crypto for a long time will actually prefer bitcoin as a form of investment.

actually, so many of people prefer investing in BTC because they consider it as legit crypto and the other as just some scam which honestly fair enough judgement considering so many altcoin ended up as a shitty coin after a while.

the people with big money will always stick with BTC though at the end of the day, no risk of getting rugged or delisting, it's just pure risk of volatility only that's why even institutional investors and fund management are allocating some portion of their investment portfolio to bitcoin because they understand the risk and how liquid bitcoin market is.

so the statement that many people are interested in investing altcoin isn't really true, even BTC dominance is significantly higher than alts combined.

[Godday]

Recently I have heard from some newbies that they are more interested in investing in altcoin than Bitcoin. They think that investing in altcoins will make them more profitable. So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?

Altcoin is more profitable but also riskier. Saving in Bitcoin will secure your money and it is almost impossible for Bitcoin value to go to 0. But saving in altcoin you risk losing half or even 99% of your money if there is a rugpull on your altcoin. And if you are lucky you can get altcoin with profit up to 100% in a few months. This is the same as what happened to Manta, Render, Worldcoin, Meme Project and several other altcoins.

[kbhutto]

Investing in bitcoin and altcoins is equally profitable, but for beginners it is easier to understand altcoins than bitcoin. as the price of bitcoin is too expensive, it cannot be reached by beginners apart from depending on certain altcoins, it is not as imagined that investing in altcoins will make bigger profits without being good at reset methods and strong analysis. Investing in any form of coin can make a profit as long as you don't rush and panic in taking action.

[CK485]

Recently I have heard from some newbies that they are more interested in investing in altcoin than Bitcoin. They think that investing in altcoins will make them more profitable. So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?

Basically, Bitcoin or altcoin are almost the same, you can invest in them depending on your insight in understanding them, in making decisions, but for beginners, altcoins are definitely their choice, because they show great potential in price growth that can be chosen depending on market developments, even though there are risks when choosing them.

[Abiky]

actually, so many of people prefer investing in BTC because they consider it as legit crypto and the other as just some scam which honestly fair enough judgement considering so many altcoin ended up as a shitty coin after a while.

the people with big money will always stick with BTC though at the end of the day, no risk of getting rugged or delisting, it's just pure risk of volatility only that's why even institutional investors and fund management are allocating some portion of their investment portfolio to bitcoin because they understand the risk and how liquid bitcoin market is.

so the statement that many people are interested in investing altcoin isn't really true, even BTC dominance is significantly higher than alts combined.

That is a fact. Most people get into Bitcoin before trying out altcoins. It's the most trusted cryptocurrency in the world. Still, we can't deny that people hold altcoins more than Bitcoin. Altcoins are inexpensive and full of shiny-new features. Of course, they're are much more volatile than BTC itself. You can easily lose all of your money if you're careless.

For each, their own coin of choice. One thing is certain, and that is no other cryptocurrency can outmatch the level of security/reliability/decentralization as Bitcoin. Most altcoins will die, while BTC will grow bigger and stronger than ever. Who knows what surprises we'll find in the future?

[KingsDen]

Recently I have heard from some newbies that they are more interested in investing in altcoin than Bitcoin. They think that investing in altcoins will make them more profitable. So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?

• Altcoins can be more profitable but when on the wrong lane, it will drain you faster.
• Altcoins are here today, but there's no guarantee they will be there tomorrow.
• Investing in some altcoins is like gambling, you stake what you can afford to lose.
• Ofcourse in gambling, you lose as much as you can win.
• Investing in bitcoin will not make you a sudden rich guy, but it can make you live comfortably.
• The choice to invest in altcoins or bitcoin is majorly influenced by the first information newbies get when they arrive the industry.

[Hyphen(-)]

Recently I have heard from some newbies that they are more interested in investing in altcoin than Bitcoin. They think that investing in altcoins will make them more profitable. So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?

Bitcoin is profitable especially when you invest in it for a very long period of time; while if you are looking for quick profit, alt coin investment will be the Best Buy the risk is high because the chances of losing your money is very high because of uncertainty and market volatility.

New projects are even more profitable than already existing altcoins but the risk is also higher because being an early investor is not an easy decision to make but if it favors you, you can make 10-50X above the amount you invested. The button line here is that invest the money you can afford to lose.

[Issa56]

Recently I have heard from some newbies that they are more interested in investing in altcoin than Bitcoin. They think that investing in altcoins will make them more profitable. So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?

The main reason why people invest in altcoin is because they believe it can give them quick profit. I don’t know why most people do have that kind of mindset. Altcoins can give profits, but the risk is just too high because altcoins can fail at any moment. When we invest in bitcoin, we can get similar profits that we can get from altcoins, and when we invest in bitcoin, as long as we can hold, then we will be making profit without panicking that the project will crash at any moment. All that can happen to bitcoin is for the price to drop, and if we can hold, then it’s going to bounce back with time.
 
So people that think it’s only altcoins that will give them profits are wrong, most of them lack proper knowledge about investment, and they are always looking for quick money, which most of them do end up losing.

[wheelz1200]

Recently I have heard from some newbies that they are more interested in investing in altcoin than Bitcoin. They think that investing in altcoins will make them more profitable. So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?

They do it because they are looking "to get rich" and think one of these alts will have a huge run.  It's also physiological in that ypu can buy some of these alts for pennies or less than pennies so they can buy a lot of coins.  It's all relative but there truly is a theory that alts are cheaper.  Also greed.  Greed drives the entire meme market

[X-ray]

They do it because they are looking "to get rich" and think one of these alts will have a huge run.  It's also physiological in that ypu can buy some of these alts for pennies or less than pennies so they can buy a lot of coins.  It's all relative but there truly is a theory that alts are cheaper.  Also greed.  Greed drives the entire meme market

Also the fact that there has been history of some low cap alts suddenly turns into multi billion market cap coin is what motivated them the most.
so many people actually looking for that kind of hidden gem and since such coin are quite frequent in the bullish market, people invests more and the market of alts become much more active with good gains and the cycle will be endless.

but I think the idea that bitcoin market cap is already too high that the volatility is low might also be huge contributor to the fact that there are many people who seeks volatility to profit off and alt serve exactly just that.
it all comes down to get rich quick scheme at the end of the day.

[Krishna1942]

May be they are looking for high returns on their investments even bitcoin giving consistent returns in longterm the percentage is small when compared with trending coins.

[beerlover]

They do it because they are looking "to get rich" and think one of these alts will have a huge run.  It's also physiological in that ypu can buy some of these alts for pennies or less than pennies so they can buy a lot of coins.  It's all relative but there truly is a theory that alts are cheaper.  Also greed.  Greed drives the entire meme market

Also the fact that there has been history of some low cap alts suddenly turns into multi billion market cap coin is what motivated them the most.
so many people actually looking for that kind of hidden gem and since such coin are quite frequent in the bullish market, people invests more and the market of alts become much more active with good gains and the cycle will be endless.

but I think the idea that bitcoin market cap is already too high that the volatility is low might also be huge contributor to the fact that there are many people who seeks volatility to profit off and alt serve exactly just that.
it all comes down to get rich quick scheme at the end of the day.

Which is a very very rare thing and yet people still think that it is possible for the ones they pick to become like that. I mean we know that it happens once every few thousand projects, which is why its such a low chance for it to go up like that, and we avoid it and carefully calculate our investments, and yet these people do not know that, or maybe know it but willing to take the risk and they end up with a lot of mistakes, which there is no need to do any of that.

I feel like its clear for all of us that bitcoin is the one to go, but even if we pick altcoins then we pick strong good coins, whereas these people pick stuff that may do 100x or crash and burn. If the chances were 50-50% then I would say it worths it, but the chances are mostly 0.001% to 99.999% so that is why there is no reason for me to take this type of risk, it doesn't make sense and there are some situations that caused this to be a very different situation without a doubt.