Post
Topic
Board Altcoin Discussion
Re: why people are always interested in altcoins
by
cozytrade
on 09/02/2023, 00:56:37 UTC
as we know, many people suggest investing in bitcoin because the risk is not too high.
but if we look at the market there are lots of people buying altcoins, and to be honest I also like to buy altcoins but there aren't many of them, and it's still my biggest investment in bitcoin. and to be honest even though investing in altcoins is risky but I always want to buy and the reason is because of the high pumping..
and I want to ask everyone what is your  for buying altcoins, is the reason the same as mine?
for some people investing in altcoins, almost all of them have the same reason as you, which is to wait for the highest price or what we often call Go to the Moon!, this is where the climax of investing in altcoins is. but another reason because investing in altcoins does not require a large fee and can be adjusted to the unit price of the altcoin invested, by having a little capital we can get some good and potential altcoins.

With so many people becoming a millionaire after investing in memecoins, it's logical that there are people wanting to follow what has been achieved in the past. And all they do is just wait for the bull market. They didn't even expect to get that much but because of the hype and memecoins added to big exchanges, many will really believe it could also happen to them. You could say it's not just BTC that will make people richer with just 1k of investment. All it needs is the right timing.

investment with limited capital or small capital, we better put it in the form of Altcoins, in my opinion, that way we can wait for the right time to release it when the market fluctuates in a better direction. I think it's easier to get profits by buying lots of quality altcoins for now
Yeah that's a good suggestion and I think the key is that we need to find altcoins that are really viable and have potential,
always do your research before investing in altcoins,
because with that at least it can minimize the risk and that's important.
If you invest in Altcoins, you have to invest with risk. No matter how ambitious you are, you can never say that you can make a profit by investing. But you have to have a good idea to invest in Altcoins, then you can make money by investing.  I have seen most of the people lose money by investing in Altcoins in the first place. So we should be careful before investing.