Post
Topic
Board Altcoin Discussion
Re: What's your reason for buying altcoins?
by
GowithMi_GMAT
on 03/03/2022, 13:09:32 UTC
~snip~

Now cryptocurrency market rise and a lot of investors will have opportunity to earn money on investment in cryptocurrency.
A lot of new projects will appear and investors will have a big choice of different projects.
It is very important to check everything to evaluate the prospects of the project.

The main reason to buy altcoin is its price growth.
People buy altcoin to earn money on the price growth.
But it is necessary to create demand in an altcoin. The more demand the higher price of an altcoin.

A lot of people invest in altcoins because their ROI is sometimes higher than Bitcoin itself but many of them don't aware of their risk tho. Well, it's acceptable if Altcoins we invest in are top altcoins but if we invest in new altcoins we should be careful from choosing them because many of them will end scam and don't forget that we should use our money that we can afford to lose.

In addition to investing because of ROI, it should be underlined that ordinary people also tend to think investing in cryptocurrencies can result in a redistribution of wealth in no time. so it's not surprising if someone who comes to the world of cryptocurrency often experiences losses because they only see it from one side and without thinking about the risks that will be accepted. Regardless,I always recommend using "beginner" cold money before investing in altcoins and don't forget to research the project further.