When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？
I think all coins have the opportunity to go up, indeed not all coins are able to be at the maximum number, but each coin has more value for investment lovers, even investing in altcoins does not require such a large capital.
These are the factors why altcoins continue to be created, firstly to open up opportunities for coins with high selling values, secondly to stabilize the market so that they do not continue to be manipulated by the powerful and thirdly to make it easier for beginners to invest.
This reason is quite logical in my opinion, it is impossible for altcoins to be made in many versions if they do not stabilize the market, without their presence it is certain that the price of BTS and Ethereum may be very high in purchase value.
I agree with you, Altcoins are the right option in the midst of increasing Bitcoin prices, altcoins are also an investment with less risk, compared to investing in Btc, especially for beginners who have not fully mastered the Crypto world.
Currently there are so many Altcoins in the market, making it easier for people to decide where to invest, but investing in altcoins requires proper analysis, so that our investment is not in vain and to analyze altcoins is not so difficult, we just have to study the market and price movements.
What you say that altcoins are market balancing is very appropriate for my thinking, because the higher value of BTS and Ethereum makes people think twice about investing, but the presence of other coins that are cheaper makes people have the opportunity to invest
Hopefully the presence of altcoins really makes it an option for everyone, even though the selling price is not that high, at least when people invest they can benefit and this advantage can be used for other investments.