Quote from: Chato1977 on November 30, 2023, 08:27:01 AM

As long as Bitcoin is alive then altcoin will continue to survive.

Altcoin must be for trading as its fast moving nature not like in Bitcoin that mostly stays slow in movement .

That's what most people use them for, apart from a few altcoins that are the top ones, like ETH, all other altcoins are used for short-term or mid-term trading because of their highly volatile nature and when an asset is highly volatile, they carry a lot of risks if they are held for a long time since you never know when it drops its value significantly and don't even give you a window to be able to sell your holdings which can cause you losses or you will have to wait a long time for the coin to regain value so that you can sell your assets.

Altcoins can be a great way to earn quick profits, and people often consider this fact while trading altcoins despite the risks involved because if you can get about 10% gain in a single day from an altcoin, you can't ask for more than that from a financial market considering your capital is high enough and 10% of it is good money.