Post
Topic
Board Altcoin Discussion
Re: Why are altcoins important?
by
Freddie Boyer
on 18/01/2025, 03:56:05 UTC
ETH is an altcoin. I hope you know that? So, do you still have that generalization of how shitty altcoins are? Well, imagine all the tokens and even coins that were (and are still) birthed through the ETH contract which has deepened this cryptocurrency industry. Without ETH, this industry wouldn't have gone this competitive. Yes, I know many will argue that the preponderance of altcoins paved way for the many cases of scam in the industry. That's not entirely true. Left with only Bitcoin, I'm cocksure scam in the industry will still exist.

Again, I can bet you that many of those who bad mouth altcoins still have them in their wallets. Altcoins aren't that bad to invest in. It's just that investors should be meticulous while picking ones to invest in. On the short run, altcoins give better ROI than Bitcoin and I guess that's why they keep attracting investments.

Exactly sir. Besides BTC is called Altcoin and exactly as you said that can make the crypto world busy they print through the ETH network and to be selective must be if not prepared our investment ideals will not reach the level of financial freedoom and that is what everyone wants to have enough money and be able to relax and spend time with those we love without being burdened with money anymore.