Altcoin provides more long-term profits - page 10.

ballerin and giroud

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Quote from: owmivmen on January 19, 2020, 09:51:47 AM

many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.

If you have a thinking like this why you don't choose bitcoin only as your investment? You will have more comfortable when you use bitcoin as your investment place because you will be tormented when you choose an altcoin. Bitcoin price up then the altcoin price will goes up as well and it is otherwise when the price is going down.

And actually I'm really dissagree with what you say, have you see the event of IEO? give me the coin who launched their project through an IEO which still have a high price until this time or at lesst its presale price, I think there is no. The project IEO is really suitable to choose short term investment because you will be benefited to sell the coin when it being traded on the exchange.

target

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As long as prices goes up and you have picked the supported ones, you are safe to invest to that altcoin. Though altcoins these days are purged since the days were the scams were de-listed, its still not safe to invest any of these altcoins. There are still scam ones left from trying to survive for another cycle.

Quote from: key4co.in on January 19, 2020, 10:51:30 AM

Most altcoins to me provide short to mid term profits, not long term comparatively. It's a good thing OP pointed out that Bitcoin influence on altcoin is still very obvious until now, which is the more receive why a wise man will have a considerable portion of his portfolio in BTC. Just very few altcoins give more long term benefits when you hold.

Most of the investors will still pick BTC or at least keep mBTC to their wallets if they don't have 1.

key4co.in

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Most altcoins to me provide short to mid term profits, not long term comparatively. It's a good thing OP pointed out that Bitcoin influence on altcoin is still very obvious until now, which is the more receive why a wise man will have a considerable portion of his portfolio in BTC. Just very few altcoins give more long term benefits when you hold.

duuuuude

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With altcoins jokes are bad because it's like a lottery where you can make good money or vice versa. At least at the moment I see no reason in buying altcoins, with the exception of some. Bitcoin looks much more stable and attractive for investment.

anjiitem

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Quote from: owmivmen on January 19, 2020, 09:51:47 AM

many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.

Bitcoin has a big influence on the price of altcoin because often we see when the price of bitcoin decreases, altcoin prices will also slowly go down and when bitcoin prices start to rise, slowly also the price of altcoin will increase and it is true that you say investing in altcoin is arguably cheaper and has a great opportunity to make a profit but what is important is how we can find opportunities from the coin and determine the right point to buy it and hold it for a long period of time.

DaMut

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higher risk equal to higher gain, it applies in every aspect of life including cryptocurrency. altcoin has less value than bitcoin even though some of them have a real usage than bitcoin(some altcoin cover up a different industry) making the probability for it to get a greater gain is high(a chance for it to go higher from where it is, not exceeding bitcoin). but we need to remember, cryptocurrency is not legal yet. everything can happen and the market is highly manipulated. causing the price to be unstable and there is a high chance for an unstable altcoin to go out of the competition.

dimonstration

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Dimon69

It depends on what altcoin, as their price varies in bitcoin condition. However top altcoins were good to consider in long term as long as we will be able to invest in project that are actively involved in developing their product. Though I still into just trading alt in these days than holding longer like before.

sockpuppet1911

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Quote from: owmivmen on January 19, 2020, 09:51:47 AM

many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.

The fundamentals of altcoins differ so much from each other, that it's very dangerous to put them under same investment umbrella. They aren't similar with each other.

Xardasim

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It is true, Bitcoin is in a ''heavy state''. Namely, its effectiveness is very weak compared to altcoins. Although altcoins can be affected by listening on the exchange, this is of no importance to Bitcoin. On the contrary, the exchange may increase its own rating through Bitcoin. But power is also in Bitcoin, and it is always necessary to invest by considering it.

owmivmen

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Quote from: rdluffy on January 19, 2020, 10:05:55 AM

You can gain more money on altcoins, for sure, but you can lose money quickly too
You have to be careful about buying any altcoin, if you really want to buy alts, it's better to do a lot of research because there are a lot of devs who only want to sell everything and exit the coin

With time, I learned to trust more in BTC and only in a few alts

I only chose bitcoin which is able to enter the top 10 on the CMC site. that's what makes me confident in my investment. Thank you for giving an opinion about the risks of holding altcoin.

albrots

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Quote from: owmivmen on January 19, 2020, 09:51:47 AM

many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.

Every trade is sure to contain risks, if not profit Yes loss, but be grateful when we invest in altcoins, I think it will not take much harm. When you're reminded of a fast turnaround, it depends on your own method. As example, we buy BNB or yesterday is booming bsv, this is one type of altcoin that is if categorized as long term investment is not suitable because vulnerable economic slump, but do not wrong when we adjust the volume The money we spend and follow the trading volume of the coin is guaranteed you will get profit, the more capital the more profit and the greater the risk of loss. With regards to this long-term investment we are talking altcoin which is indeed a bullish turnover price is relatively slow and it's already a regular risk.

owmivmen

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Quote from: celakkenyang on January 19, 2020, 10:05:16 AM

in my opinion there are risks besides things that are beneficial. You might see the percentage increase in altcoin is greater than bitcoin but if the position where the crypto price drops you will see the biggest percentage decrease in altcoin. Considerations before choosing and using crypto.

Thank you for reminding. I accumulated it right when I saw the comparison of the percentage increase and decrease through the CMC site. I am not worried if at any time the price of altcoin will drop because altcoin follows the trend of how bitcoin has increased or decreased. I know bitcoin is limited so I'm just waiting for the best time and monent when bitcoin will be expensive.

mr_random

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The higher correlation rate is the first reason why the investors are in disbelief. The altcoins have the better ROI compared to the BTC, I prefer to hold the altcoins in order to build a solid altcoin portfolio.

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Quote from: owmivmen on January 19, 2020, 09:51:47 AM

many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.

you are right, you can invest in altcoin and get something out of it easy. but the problem lies on choosing which alt. very few alts can give you a profit for long term investments. most of the alts are in the declining stage esp those without usage in crypto market and most of them are.
when it comes to bitcoin, the profit might not be big but you are sure that they will still be in the market. most alts die in few months. it's your call anyway when it comes to actual spending of your money.

rdluffy

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You can gain more money on altcoins, for sure, but you can lose money quickly too
You have to be careful about buying any altcoin, if you really want to buy alts, it's better to do a lot of research because there are a lot of devs who only want to sell everything and exit the coin

With time, I learned to trust more in BTC and only in a few alts

celakkenyang

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in my opinion there are risks besides things that are beneficial. You might see the percentage increase in altcoin is greater than bitcoin but if the position where the crypto price drops you will see the biggest percentage decrease in altcoin. Considerations before choosing and using crypto.

owmivmen

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many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.

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