better invest and hold Bitcoin or Altcoin? - page 2.

hamdun

newbie

Activity: 144

Merit: 0

Quote from: kevinzxz on February 24, 2018, 02:42:03 AM

I am very confused with the current market, because when the price of Bitcoin down most Altcoin prices go down too, but when the price of Bitcoin increases only a few Altcoin that increases the price, but some are actually declining because the price of Bitcoin increases, so what affects the price Altcoin? and better invest in Bitcoin or Altcoin? please make your opinion and the reason.

Better to invest in bitcoin, because stronger bitcoin and risk of bitcoin failure is very small. And for altcoin, if you want to invest better choose a strong altcoin, because it is more likely to benefit and less risk of failure.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: kevinzxz on February 24, 2018, 02:42:03 AM

I am very confused with the current market, because when the price of Bitcoin down most Altcoin prices go down too, but when the price of Bitcoin increases only a few Altcoin that increases the price, but some are actually declining because the price of Bitcoin increases, so what affects the price Altcoin? and better invest in Bitcoin or Altcoin? please make your opinion and the reason.

When bitcoin makes a rapid movement whether it's up or down, altcoins are always affected. When bitcoin goes down, it is expected that altcoins would go down as well because people would want to secure their funds by selling their coins. If ever it goes up rapidly, some people would want to take advantage of the price of bitcoin because it has more volume so it cannot easily crash that's why they would buy more bitcoin and they would sell their altcoins in exchange of bitcoin. Altcoins shine when bitcoin is moving sideways. It would be better to invest both in altcoins and bitcoin and trade it. Just always practice trading until such time you will know where you are good at and you can eventually manage your emotions.

sourish

full member

Activity: 532

Merit: 114

It cannot or should not be an either/or situation. Like someone mentioned earlier you have to portion out your investments. Bitcoin is a great long term coin, as for altcoins, do your research and invest wisely, dont just limit yourself to bitcoin just because you find it determining or affecting resultant prices.

Wyne

full member

Activity: 531

Merit: 102

Quote from: kevinzxz on February 24, 2018, 02:42:03 AM

I am very confused with the current market, because when the price of Bitcoin down most Altcoin prices go down too, but when the price of Bitcoin increases only a few Altcoin that increases the price, but some are actually declining because the price of Bitcoin increases, so what affects the price Altcoin? and better invest in Bitcoin or Altcoin? please make your opinion and the reason.

Instead of being confused, I suggest you to just divide your investment in bitcoin and altcoin. It is normal in cryptoworld when bitcoin value decreases, some altcoin also decreases its value. This is because all other atcoin is based on bitcoin. It is just a domino effect. The good thing about dividing your crypto is when you lose the latter, you still have a backup so you will not became empty handed. More variety of coins possession, more chances of earning and less chance of suffer losses.

mak lessoh

newbie

Activity: 181

Merit: 0

Quote from: kevinzxz on February 24, 2018, 02:42:03 AM

I am very confused with the current market, because when the price of Bitcoin down most Altcoin prices go down too, but when the price of Bitcoin increases only a few Altcoin that increases the price, but some are actually declining because the price of Bitcoin increases, so what affects the price Altcoin? and better invest in Bitcoin or Altcoin? please make your opinion and the reason.

I never hold altcoin for fear of losing, I do trading on altcoin just for income, I personally invest in bitcoin and hold it until now

mpufatzis

full member

Activity: 840

Merit: 128

They say, it is not wise to keep all the eggs in the same basket. You can say the same about investments.
If you want to be a holder, I would suggest to divide your portfolio into many parts and buy more than 2 or 3 good coins and keep them safe in your off-line wallet.
If you intent to be a day trader i think you can buy more, in order to get advantage of the volatility of their price.
It is not an easy task and soon you'll find out that not all people can to be traders.

kevinzxz

full member

Activity: 1470

Merit: 105

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I am very confused with the current market, because when the price of Bitcoin down most Altcoin prices go down too, but when the price of Bitcoin increases only a few Altcoin that increases the price, but some are actually declining because the price of Bitcoin increases, so what affects the price Altcoin? and better invest in Bitcoin or Altcoin? please make your opinion and the reason.

Topic: better invest and hold Bitcoin or Altcoin? - page 2. (Read 164 times)