Topic: Altcoins are better bet now! (Read 362 times)

While you are thinking that investing in Bitcoin is not safe, hope you know the risk behind altcoin investment???

How many altcoins has existed for long and more profitable than Bitcoin investment ?
Most of these projects depend on Bitcoin price movements, and the rate at which Bitcoin price has moved is massive and more profitable than altcoins that do give up along the way due to centralization.
For better investment and security of your investment, hold as much Bitcoin as possible.

Yes, ETH, BSC, and SOL chains have done well and are still doing really well, but I don’t know of the Lumoz chain you are talking about, and perhaps, you are advertising for them.

Noobs truly don't understand how the market works. They believe that altcoins are better just because they rise at a faster rate than Bitcoin. But I've learned that "what goes around, comes around". Alts usually fall harder than BTC after a prolonged bullish period. That's a fact. This is due to the lower liquidity and smaller market cap surrounding major altcoins. Those sitting below the top 20 ranks in market cap are even worse. And don't let me get started on "meme" coins.

If you want something that truly holds value over time, choose BTC instead. But if you want to gamble, choose altcoins. Despite the inherent risks of holding altcoins, they prove to be a great way for "experimenting" with Blockchain tech without "breaking the bank". If you're lucky, you can strike it rich by holding a popular altcoin in your wallet. Early adopters/investors benefit the most from doing this. The crypto market behaves in many strange and bizarre ways, so expect the unexpected.

It's actually funny and not that too surprising seeing this coming from a newbie, if investing in Bitcoin is more riskier as you cluelessly said, then what type of risk and it gravity alt coin and meme coin carries?
Or you think that Bitcoin can't go up further?
See let me make this clear too you, we are still in the early days of Bitcoin and the adoption rate is still very low comparing to the world population and it has gone up this far, don't you think that as times passes by and more people start investing in it and adopting it as means of payment, don't you think it can do up to 10 to 20x of it current price?

To cut the story short bro, Bitcoin can go as high as one million dollars in the future, so it's still very cheap right now, unlike alt and shit coin alike that falls more than they rise, and they are way more risky than you can ever imagined, the earlier you understand this, the better.

Small market caps can be deceptive, because so called market cap is at least on small scales basically fictitious.

For well over a decade now I have found with small market caps it makes more sense to set them up "backward" as it were:

Instead of looking at a recent sale or at the highest buy offer or even some average or depth-adjusted derivative of such things simply have a "treasury" of assets for each coin or token and divide the total value of that "treasury" by the number minted / number in existence to come up with a "valuation" for the thing.

This is along the lines of a "fundamental value" one might calculate for a corporation's shares, basically add up all the company's assets and divide by the number of shares.

I know another valuation method looks instead at earnings, but consider what happened when the penny-stock people dove into the mainstream stock-market: in mainstream a lot of companies' shares had been valued based on earnings, whereas the penny-stock folk looked at "fundamentals" and realised that many many of those companies in those days owned a whole lot of real-estate, worth a lot, so the penny-stock folk bought up a controlling interest of shares in such companies and broke them up, basically putting the real-estate into their own hands or into holding companies set up to rent the real-estate, leaving the earnings-valued companies to rent the real-estate rather than own it.

So there are presumably pros and cons to both approaches to valuation and maybe separating into earnings companies who rent from holding companies might even have helped sort out whether for a given enterprise its earnings or its actual holdings counted for more overall.

A nice side-effect of the "treasuries" system of valuation is that in order for a coin or token to show up on market cap based aggregator sites' lists of assets it also needs to build its buy-side on exchanges, since ultimately it tends to be the visible buy-side that results in a good valuation on such sites; but historically it became clear that one cannot count such buy-sides on third-party exchanges as part of an asset's "treasury" from which to calculate a valuation because lets face it, such buy-sides so often vanish as exchanges fly by night, take the classic "sorry we got hacked" exit-strategy, or who knows maybe in a few cases even actually do get hacked.

So each asset also needs to have "slush funds", funds it can use to build buy-sides on exchanges as well as for day to day operations, over and above its actual official "treasury" from which we can calculate its value per coin token share etc (instance).

Heck so far it has not even been necessary to include the value of "fully owned subsidiaries" into an asset's "official treasury", so the valuations obtained by this "treasuries system" should actually by design be an under-estimation of the values. It also does not take into account all kinds of "game assets" such as planets, deathstars, goldpieces, armies, navies, nations, magic swords, whatever.

Basically we treat what we can actually secure into an official "treasury" as if it were the market cap, and compute price from that instead of computing market cap from current prices on exchanges, because basically the markets are stupefyingly "inefficient" so moment to moment prices on spot markets are extremely unreliable guides especially at small market caps.


-MarkM-

Not fully convinced about this to be fair, I can see why people may think like that, but I have to say it is not really that easy at all, it has a lot of differences and we should be careful about it. I get that it may sound like that, but in reality it has nothing to do with it.

I believe we need to consider this to be a growing issue and altcoins are always too vague term. Bitcoin is great, and I will keep on investing into altcoin, and I can understand people who invest into some good high ranked strong support coins, but altcoin also includes some small 10 million marketcap tiny project as well, which I think should not be a big deal at all. I believe we need to consider this to be a growing problem that could make a difference.

On the contrary. Investing in altcoins is much riskier than investing in Bitcoin. Trust me, I know. Altcoins have higher fluctuations in market price (volatility) than Bitcoin. They go up when BTC goes up. But sometimes, they go down all of a sudden, leaving you with "nothing" in return. Especially "meme" coins. Investing in these is just like gambling.

If you want to play it safe, choose an altcoin such as Ethereum or Litecoin. Coins such as Solana and TON are full of hype. It is what it is. Do your own research, and you'll see what I'm talking about.

I believe in what you said, because basically Satoshi's main goal of creating Bitcoin to become a digital currency and an alternative to fiat currencies such as the dollar and with its limited supply Bitcoin has the potential to make the price higher than the previous price.
What is the next bitcoin price according to your analysis?

Investing in altcoins is still a good alternative to Bitcoin since their are so many that has good bullish movement and could earn some profits for investors. I will not mention some of these altcoins that are good to hold but anyone that is interested can go to coinmarketcap and take a look at thousands of altcoins that are still good to hold and could make you some profits. Altcoins are better now and as the price of Bitcoin keeps going bull, we would keep seeing altcoins creating their own higher highs ascending while investors keep making profits.

Yea, while aiming for a long term investment in crypto, Bitcoin is highly recommendable because it has a high possibility of reproducing a new all time high during every bull season but out of the majority of altcoins, only a few do well during bull season and anyone investing in altcoins should be careful about the kind of coin they invest on for a long time holding.

The important thing is you don't play with new coins because you don't know if that coin can increase in some term or it will just exist for shortly. If you can analyze and research, you will finds the right altcoins which can gives you the profit besides Bitcoin. But it is not easy to finds the right altcoins as from all of the altcoins, not many of them can increase. Maybe it is a bit gamble if you don't know which coins to choose so the key is not to use more than you can afford. Some people are willing to play with meme tokens because they thinks that with a small capital, they can buy a million of amount. You should not be like that especially if you don't research because there is no guarantee that the token can increase.

by buying altcoins there are risks that will be faced, but sometimes it can be luck that will be obtained, everyone needs to try with the abilities they have, by buying potential altcoins and that becomes a choice for them with the hope that maybe their dreams will come true, even so, bitcoin remains the choice of most of them.

If not that people have the intention of trying to make quick money it would be better to just do a long time investment, buy bitcoin and just abandon it there, instead of just investing in altcoin thay there faith is unknown I don't even know why people will choose altcoin over bitcoin, I think it's the kind of mentality that people have that is why because no matter how the price of bitcoin gets worse it will still bounce back look at what happened then in the market, early this year and now the price of bitcoin have eventually bounced back better than the initia ATH.

And that is one of the reasons that even if anyone will invest in bitcoin it will be better for them to invest more in bitcoin than in altcoin so we just have to make a smart decision so as not to lose a great opportunity and even if anyone is investing in those altcoin it as to be a well know coin even if its prospects is not assured but we learn every day so more of bitcoin than altcoin.

Since the price of Bitcoin is 100k dollars, I don't think it's a bad investment choice, if you're already buying Bitcoin, you shouldn't have such a concern.
Altcoins are promising, but because of the current time.
After the increase in the price of Bitcoin, there was movement in altcoins, there may be more, it's good to choose a good coin, without making too much gambling moves.
Without taking too many positions, if you think you've made a good choice, you just need to wait for the moment to come.

..Or just buy SOL, ETH, BNB - and be a golden hands man.
 

If you are a long term investor and not a get rich quick one, it is never risky to buy bitcoin, because even if you buy and the price falls, you only have to be patient and hodl your coins. That being said, i cannot say the same for altcoins, most of them are pump and dump coins, they dump and disappear, the real risk is in investing in altcoins, though if you are ready to "gamble", you can go ahead and buy many altcoins and hope that one or more will do well.

You can't go wrong with Bitcoin, although the majority thinks its riskier. Still, many are going for it because they are looking more at the current price. I still bet on Bitcoin; in fact, I've still kept buying.
After Bitcoin reaches its all-time high, the altcoins follow; even tokens that are not moving are now experiencing a significant increase. My bets are Solana, BSC, and TON, and they are still good even though the price is not moving.

You are making sense my friend, Bitcoin is so expensive now, buying it is a big risk, and for what gain? Peanut!

It's better to look elsewhere if you've not bought it at a reasonable price or wait for it to make a long-term correction over the year to be able to buy an inexpensive Bitcoin again. At this point, most altcoins are still very underpriced, it won't hurt to focus your search on them so that more money can be made. But still, altcoins are so volatile and deceptive, a very good one struck at the right price is advised.

Your concerns in the short term, Bitcoin or Altcoin will still have high risk if you do not plan your investment well. If you place your investment in the long term, there may be no problem with the current situation. You can choose Bitcoin or some good altcoins that you currently have.
All assets can be corrected very deeply, even the best altcoin you choose is very likely to experience a deeper decline than what Bitcoin experienced.

Maybe they think about altcoin is safe to buy now its because Bitcoin is done with its pump. Some think about altcoin season may follow after that, this is why to many people are searching for good alts to acquire then speculate for a good pump to come. But actually if they think buying bitcoin now is risky then maybe they are in wrong side for thinking that way. People could still acquire bitcoin at current price since for sure that bitcoin pump would never stop there. If they afraid to acquire then maybe they would miss those possible good pumps that might happen in future. But I understand on where they came from since maybe they aim for short term profits and afraid that bitcoin would never give that on short period of time.

But if they aim for long term for sure they would never say about those things and will just continue to accumulate despite of the price currently showing up on the market.

Investment always come with a risk, my friend, probably if you are talking about trading or making short run investment, your claim might be right. Nevertheless, comparing Bitcoin as one single entity to Altcoin is not apple to apple, put in mind that there are a lot of Altcoins out there, we have to pick one as a case to do a comparative study. Then, I'm not sure why you mentioned that Altcoin is generally safer than Bitcoin, can you provide us with more context?


That's why you need to provide us on how you got the decision in choosing Lumoz Token compared to Bitcoin (since the main subject on this topic is Bitcoin and Altcoin).
I humbly just want to know everyone's opinion, don't take this as an attack.