Topic: Bitcoin or altcoin? - page 5. (Read 2420 times)

Investing in crypto is always risky. I think bitcoin is always a better investment than altcoin because bitcoin will pump one day for sure. So Bitcoin is always a good coin for long term investment. On the other hand in altcoins there is no guarantee that the altcoins you purchase will definitely pump.

Your idea if diversification does not hold water in this very context. According to you, you said that is it good to diversify incase something happens to bitcoin you will not regret. Can you give me an example of what will happen to bitcoin that will not affect alcoins?
Unless you are saying investments outside cryptocurrency in order to diversify. But if it is inside the cryptocurrency, if bitcoin bleeds, every other cryptocurrency will bleed more. Unless you want to involve in all these pump and dump schemes.

The more the better as always because it could really give out that kind of chance on easy recovery if ever one of your investment had fallen its price but in overall we do know that recovery is inevitable
specially with Bitcoin.It might not be assurance for some altcoins but at least you do have the options on making some switch up.So as an investor then it would really be depending on you
whether you would really be considering altcoins or not into your portfolio then it would really be your choice because this do matters on someones consideration.
So if you do want to have both and as long you do have the money then go ahead and buy both things.

It is always best to diversify.  Putting your egg in one basket isn't and advice of a financial expert.  So why limit ourselves to 1 option when an opportunity presents us with many others?  We should take advantage of the opportunity because it sometimes knocks only once.  Bitcoin is valuable but diversifying is as valuable.  This may save us when things goes unfavorable with Bitcoin.  We should always have a backup that is what everyone advises us.

Bitcoin all the way. It is the one coin that I believe will survive no matter what. Not everyone thinks like that, many people believe that there would be a flip and they are going to end up seeing bitcoin not do that great and its going to be other coins that go above it.

However, I believe that we haven't seen anything that would go up. Like I said before, it has to be something other than crypto, it has to be a better thing, some altcoin will not pass bitcoin if you ask me, but if you find something that is bigger and better, it could end up going above bitcoin. I do not know what it is, but it has to be something much easier and better to use as well.

  someone said to me that altcoins are like the penny stocks of the cryptocurrency industry. They are dirt-cheap, with high profit implications, but are most of the time doomed to fail given their weak nature and the fact that some of them are just there for memes. I am not saying that altcoins are bad, in fact I would argue that without altcoins the cryptocurrency industry wouldn't advance and progress to its current state. It's just that you need to be very meticulous in choosing which altcoins you are to invest because trusting a failing coin is the biggest mistake you can make. Altcoins are good for their own rights, so is bitcoin and ethereum.

It is important to note that cryptocurrency is a highly speculative and volatile market, and the value of any particular cryptocurrency can fluctuate significantly over time. As a beginner, it is important to do your own research and carefully consider the features and risks of any cryptocurrency before making a decision.

In terms of decentralization, it is true that Bitcoin has struggled with centralization in the past, with a small number of miners and mining pools controlling a large portion of the network's computing power. However, there are ongoing efforts to address this issue and increase decentralization in the Bitcoin network.

On the other hand, many altcoins claim to be decentralized but may actually be more centralized than they appear. It is important to carefully evaluate the features and structure of any altcoin before making an investment decision. PoS (Proof of Stake) and PoW (Proof of Work) are two different mechanisms used by cryptocurrencies to achieve consensus and secure the network. PoW systems, such as the one used by Bitcoin, require miners to perform computational work to create new blocks and earn rewards. PoS systems, on the other hand, allow users to "stake" their coins to validate transactions and earn rewards. PoS systems may be more susceptible to centralization than PoW systems, but this will depend on the specific implementation of the system.

for the long term. I'm not interested in altcoins. except for a few. and based on my analysis, which is a beginner and doesn't have much experience. I see Bitcoin alone really struggling to stay decentralized and against being centralized. whereas altcoins most of them pretend to be decentralized but in reality are close to centralized. but I don't know what's next. but for me altcoins that use the POS system are close to centralized. although there are still altcoins with a PoW system. but still I am not sure to hold it long term. but I'm not a hypocrite if I hold some just for speculation and see potential in the near future and not for the long term.

few satoshi? It is better invest in a good altcoin then investing in bitcoin only for few satoshi. Casue when bitcoin starts rally then altts will gain more then btc. So then he can buy more satoshi with his profit.

You look cool because you have a part of the crypto king, namely Bitcoin, yes, even though it's only a small part, but we are together with people who have thousands of Bitcoins.

The tragedy of Luna and FTX this year is certainly an example that should make us wary of Altcoins. Yes, although not all Altcoins are like FTX and LUNA, that view is the same view that I instilled in myself when LUNA fell first, and in the end, I also lost to the FTX incident.

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Never mind, don't put yourself in a position where one day you're going to get stressed out investing in Altcoins, I'm also lucky I didn't go crazy when that happened.

If we come into a long-term investment, Bitcoin is really the best option to take over altcoins, even ETH. But if we aim for just short-term, altcoins seem to become ideal due to hypes where a big chance of multiplying your money many times than Bitcoin.
Yes, it really matters on time and it also matters in which altcoins we choose to invest. A wise investor won't just invest in Bitcoin alone but also having altcoins together. And I think that was advisable, though.

Means just throw away your words "we do not convince people to follow Bitcoin", because obviously you want people to choose the right track, the right side, and that is Bitcoin.

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Great! That means we should agree to disagree, right?

We are not convincing people to follow Bitcoin, but the fact is that Bitcoin has answered everyone's doubts, so investing in Bitcoin is much better and able to maintain its value compared to Altcoins.
After all, we must admit to the truth, that the bitcoin revolution has reached the stage of perfect asset retention, when compared to other investment models. Then there is no harm in forcing people to choose better, rather than blocking access to more promising paths.

Agree to be involved in the discussion, but not when confronted with a specific question. I mean, if someone asks me to choose Bitcoin or Altcoin in an ongoing investment, then my answer is still Bitcoin.
It doesn't take much time to give this answer, after all Bitcoin really is a value keeping investment and will continue to look perfect to me.

You need to ask yourself why many of the good altcoins we have in the market had crashed following the trendy pattern of Bitcoin. We LL that there are so.e altcoins in the market that are very good and have a great team but we need to check it out if they can stand on there own. Holding large amount of Bitcoin will be very profitable than holding many of the altcoins we see in the crypto market. It is just a matter of time when the price of Bitcoin will good bull again and anyone holding Bitcoin would smile more because the profits would be massive.

I agree with this. even though in this case it needs to be realized that Cryptocurrency is an object and what is wrong is a handful of people who abuse this, but interestingly the current stigma seems to corner all as if this is indeed not a good thing to do.
But indeed, when looking at it from a different perspective, especially for people who don't like Crypto, it seems that this kind of thing doesn't apply because it really doesn't really matter what is being denied at this time, it will only make people who don't like Crypto even more make boundaries, and I personally prefer to laugh at this because that's when they say crypto is a scam. no matter how strong our argument is, they obviously won't really care about it so I also do the same thing because I don't really care about their argument that says crypto is a scam.

There is just some distrust of altcoins due to the fact that some projects stop developing and they are simply abandoned. But I think the project needs to be studied in great detail before making any hasty conclusions about it. And once again, I will probably repeat, as I have already written about it, that altcoins are the main engine of the entire cryptocurrency industry.

Bitcoin is not a cryptocurrency?, if it is not a cryptocurrency, then what is it in this crypto market? It's surprising that more and more people are starting to separate bitcoin from crypto after the crash of FTX and Lunc. And cryptocurrencies are not scams, scams are just human behavior, all things like Luna, FTX are just tools that people use to scam each other. No one will scam you if you are not greedy, don't blame crypto or the scammers out there if you don't intend to be greedy.

Of course, and no one will deny that having a few bitcoins is much more valuable than many altcoins, even though those altcoins can provide hundreds of percent gains but can also provide losses until their value is to be ashes.

I would probably be more confident in advising people I know to buy bitcoin rather than altcoins although I would still have to tell them the risks involved e.g. if they are only considering storing it in the short term but if they are considering the long term then the risk should be told about is hacking if they don't store it in a private wallet that has access to Private Key.

Bitcoin investment is more profitable interms of trading volume and returned, but it can not be compared to altcoins which fluctuate the most, this week they're massively on the bullish run while next week, they're currently dumping. It's never predictable but if one invest with good promising altcoins, profits will definitely be made. Investors who invested in FTT or Luna, is not their fault that they invested in the wrong coin, rather it's coincidence because these things happens, it's crypto, and what should always come to your mind is either you are for the profits or loss.

Yeah, I'm sure Bitcoin is the best and many people say the same thing. But in this case we cannot force others to follow what we want.

Well here we go. So you agree that the answer is it depends, right?