Post
Topic
Board Altcoin Discussion
Re: What's your reason for buying altcoins?
by
Lee_Bronco
on 22/03/2022, 20:52:46 UTC
Please vote in the poll and explain your reasoning below...

Mid-way though Bitcoin's 2017 bull-run, Coinbase, the largest crypto exchange at the time, only offered the choice of three coins - BTC, ETH & LTC - before Binance even existed. Ethereum and Litecoin outperformed Bitcoin that year, especially after many new users saw their values had already increased much more than Bitcoin had, while only being given 3 investment choices.

Since May 2021 altcoin's market share has been around 60% of the total crypto market, confirming that the majority of investors are drawn towards altcoins rather than Bitcoin these days. Coinbase now has over 100 different altcoins, while the largest exchange now offers a choice of over 400 options. The days of turning to shady exchanges like Bittrex, Yobit and Cryptopia have long since passed.

But what is your reason for buying and holding these coins? What type of profits (fiat/btc/eth/other) are you hoping to achieve and have you already taken profits?

Do you genuinely believe any of your altcoins can genuinely surpass Bitcoin or Ethereum's market values in near future?


U haven't found a reason to but any Alt-Coins so here are my reasons for not buying, the good ones has a higher price tag, the Alt-Coins I could at least buy and hold on to aren't legit to my thoughts, many Alt-Coins out now maynhas a scam White paper and they are looking at achieving unrealistic expectations/goals set for themselves, I still stand to be correct ok this one but I think Alt-Coins is for a shorter time for buying and holding and also not to be bought at first with irreplaceable capital, be smart, when you are buying or selling on crypto-currency