80% Are in Altcoins Hoping For Huge Gains

A recent cryptocurrency poll on Twitter reveals that the reason the overwhelming majority of people are buying altcoins is to make huge returns in the range of 10x to 100x. In other words, altcoin investors are more interested in the quick gains rather than the utility of the cryptocurrencies.

80 Percent Want “Mad Gainz”

Earlier in April, Cryptopotato reported that 47 percent of traders hold more than 60 percent of their portfolio in Altcoins. At the time, this seemed fairly reasonable, given that altcoins were temporarily blossoming.

While the April’s poll didn’t really reveal the reason for their involvement in the altcoin market, a more recent one does so perfectly.

Your reason for buying alts?

— Crypto₿ull (@CryptoBull) May 15, 2019

As seen from the results of more than…

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