Topic: Bitcoin or Altcoin hold, sell or trade?? (Read 1120 times)

If you are not sure to invest in meme coins, you are better to avoid them. Meme coins are very risky coins, it is very tricky to invest in this coin. Although Doge or SHIB looks increasing their prices constantly now. No guarantee this positive trend to stay a long time. Meme coin price mostly relies on the hype, the price decrease drastically if they are no longer hyped. So, I suggest to not invest in meme coins for a long term holding. Even if you want to try to invest in meme coins, you are better to choose the short term investment. But it is my own perspective. 

DWYOR

of all the cryptos, bitcoin has always been the best. therefore, many people say that bitcoin has less risk than other altcoins. the method you mentioned is also a safe method, but why people choose other methods, it's because they think that choosing other methods, or altcoins in trading can make their assets grow faster. This is because altcoin price growth is faster than bitcoin prices. for example, the price of an altcoin is $ 1, it will be easier to reach $ 1.5 or $ 2, and by investing $ 100, you can quickly increase 50% or 100% of your assets. the risk is the opposite, the price can also easily go down. therefore, if you want to invest long term choose bitcoin, if you want fast, then altcoin is the choice.
however, everyone has their own way, personally I prefer both depending on the conditions.

I thought of investing in SHIB and Doge coins. But I have no idea if investing in them will be a profit or a loss. That's why I invest very little in meme coins. But this time I hope to invest in meme coins for a long time.  A good amount of profit can be made within a few years. The price of meme coins will increase only when the Bitcoin market is much better.

Altcoins really has a  big run meaning youll gain massive profit there with just short period of time that is why a lot of investor really wanting to invest in altcoins but again problem is that mostly altcoins will die like they will not last a year which again not promising on the long run except those top altcoins that is why others too invest in Bitcoin it make take few years but again it is somewhat sure profit youll gain

In my experience alt coins are the best for short-time benefit, don't hold to for a long time, they will lose its value. However, bitcoin is the only coin you should hold. Don't wait you will earn on that tomorrow but you will in the future

Do you invest in meme coins (Doge, SHIB), too?
I don't say meme coins are totally bad, but it is riskier than any other coins. I personally prefer to invest in fundamental altcoins such as ETH, BNB, ADA, MATIC, SOL, or XLM.

If you invest for a long term holding, you don't need to worry about the price at the end of this year. Unless you have the intention to sell your coin in the early of next year, you can keep calm whatever the price is. Altcoins prices mostly follow the price of Bitcoin, I'm sure it will increase significantly after BTC halving in the next year. I assume we have almost the same target that selling the coins on bullrun season. But we don't know when the big bullish to come whether it is in 2024 or 2025.

There are many people who do that and sell all the altcoins they own to invest into bitcoin, there are many reasons why people do this and most of us probably already understand how bitcoin reached ATH in its four year journey. Bitcoin is becoming more fundamental to hold and even though many people are holding ETH or BNB, when we want to make big profits it is better to hold bitcoin until it reaches the next ATH.

In August bitcoin was around $29 and I guess the price to reach was only $30 like the previous month. So the consideration for accumulation is still pretty good and maybe gradually we can also take some entries in positions in the next month, as that's how the four year cycle gets closer and I prefer to hold while collecting.

I split my deposit and try in every bear market to determine for myself a few altcoins that I will accumulate. Almost always, the altcoins I choose give more growth than bitcoin, but I always invest in altcoins less than in bitcoin, because I understand the risks that come with them. Therefore, there is no single right decision, you can buy bitcoin, altcoins, hold and trade, the most important thing is to find those coins that can bring you profit.

We all are hoping for the market to balance so that we can make some profits from it especially for those of us that had invested in different projects for us to make good profits from the market when the price of thsoe coins finally goes bullish. This is one of the ways to earn massively from the market if we can be patient enough and hold the right cions that will give us the kind of profits we are looking for
 We can either buy or trade Bitcoin with other coins pairs to maximize our opportunity if only we know how to trade very well and earn from the market.

Indeed it is so, Bitcoin is the King currency, I am not going to debate that it is the only currency you trust because I am also like that, for me, without bitcoin, altcoins would not exist, in fact, thanks to Bitcoin, they exist and have life all altcoins, for me when talking about bitcoin and alts, everyone does not know, but Bitcoin has a life of its own and that means that all technology always exists, in fact the most relevant altcoins, those that are in the top3 are those that have a behavior very similar to bitcoin, we just have to look at the behavior of ETH, it is a faithful copy of bitcoin, because it is the model, one could not say less about the other altcoins, the other altcoins do not have so much history If we look at Bitcoin, it is more than 10 years old and that makes it a market leader.

When we see new altcoins, you see that they need to go through many stages of the market, here bitcoin has gone through the stages of accumulation and distribution, apart from we have seen throughout history that when an omeda reaches its first stage of distribution, it will never go back it rises, here in Bitcoin that does not happen, many enemies of bitcoin have criticized it for it, but bitcoin has always come out ahead, for me it is digital gold without a doubt, because we have seen that some economists have tried to say that bitcoin It's a bubble, but the main characteristic of bubbles is that when they reach their bullish trend stage, when they fall into accumulation again, they don't go beyond that, they just stay lost, getting lost, and that's where all the investors go. , then it is classified as a bubble, but in this case it is not like that, bitco was about to reach $2k in 2019 and there many investors took advantage of buying and buying, intelligent people by the way, at that moment bitcoin rose and did not I heard what a price under $10k is and now unless it is predicted that it can at least reach $150k, nothing wrong, although I would say that it will reach $200k.

Everyone has different views but I will not deny that bitcoin is what I will trust, nothing else, not for fear of altcoin scams because there are still many altcoins that survive in the market for a long time, but I am here more pursuing bitcoin ownership more than other coins.

Actually many are diversified in other coins, there are also those who put 1 basket, namely in bitcoin, this is not wrong because I myself am in bitcoin as an asset that is invested long-term.

Speaking of August or the end of the year now I'm not sure there will be bullish coming.

There are two things I will list below that make you experience this scenario,

1. Buying at the wrong time, though there is no best time for buying any crypto, buying in the less-risk zones or strong demand zones can save you.

2. Impatient: expecting the coin/crypto to start rising immediately after you hit the buy button, the market doesn't work that way because the market has to turn, shake out and liquidate the weak hands before heading in its direction and if you are not a holder, Obviously you get shaken out by the short-term price manipulation.



 

Bitcoin is the best crypto currency to hold for a long period of time which is definitely profitable to trade. But I think it is not good at all to hold altcoins for future because many times altcoins turn into scams. In that case it will be better for us if we invest Bitcoin and hold it for long time. Investing in Bitcoin is certainly promising, but there are some alert coins that are likely to lead to losses in the future. However, there are some altcoins that should be invested in those coins that can be profitable in the future without the risk of losing money. Since it is better to hold for a long period of time and gives better profit, investing in Bitcoin will be the best and wisest thing to do. Before starting a trade it is definitely better to know which one will be best for long term future. In this case, of course, the analysis of various aspects of the market, including Bitcoin, can be understood as to which coin will give profits in the future.

Yes, I have invested in some of the coins you mentioned. I have invested in Bitcoin as well as Bnb and Ethereum. Hopefully by the end of this year if the Bitcoin market is good, all  The price of altcoin will increase. The price of bitcoin depends on it and the price of altcoins will increase. However, if I wait for a long time in the coins that I have invested in, there is a chance to make good amount of money. It is better to wait for a long time to invest, it will result in loss of money Chances are very low.

If I will be in charge, I will sell my altcoins and leave the bitcoin. and all those money we expexted I will convert it into bitcoin and I will be ready for bullish season, finally ber month is coming and we need to hoard more. But if the altcoin he was saying eth, bnb etc then maybe leave them alone too. Many traders will go on hiatus this month because of that urban myth that they don't want to spend during August.

I also think so about this.
But I want to be firm that if it's about Bitcoin then Holding it long term is best. And if it is about Altcoins then trading them is the best. I don't know where I read about this. But yes, the most profitable thing about Altcoins is to trade them and store them in the long term, of course not good. Because some altcoins even end up scam and lose price. Then Altcoin for the short term is the most appropriate. And for the long term only on Bitcoin.

oh yes in altcoins maybe ETH should be excluded from other altcoins. because it looks like ETH even though it's an altcoin but this one also seems worth it for the long term.

In my honest opinion, it's good to hold Bitcoin when you have a lot of capital to buy Bitcoin, but if you only hold a little bit of Bitcoin, maybe in my advice it's better to look for or choose another crypto that also has potential can provide a good profit in the future.
And one of the examples I am referring to is Ethereum, Bnb, Matic, Shibdao, Solana, Dogecoin, and Shiba inu or others, they will definitely give you a higher percentage of income compared to Bitcoin.

The two concepts are available if they can be used correctly and appropriately to achieve the end result for profit. Trading is not easy to do if one does not have the ability to learn it and there are many risks too when trading is not carried out according to the right knowledge. That's why many people choose to invest compared to traders, because even though both have a level of risk, most people are more prepared for investment than trading. When you are involved in day trading there may be a lot of potential that can be utilized for the short term, even if you choose an altcoin and the consequences when you are able to learn the journey of the coin.

But for investing we can make one decision in the long term, namely indeed bitcoin until it reaches the next ATH. Decisions from the two available models can be taken if one can be responsible for his choice and I myself prefer to take an investment approach compared to trading, because you don't need to be too bothered to think about it and even if you occasionally try trading maybe only when you have confidence in the conditions ongoing market.

Holding is best policy. If anyone buy and hold Bitcoin and top altcoin he will be must profited there has no doubt. Some moment holding, some times Sell and some times trade is good. I think all are need to good feedback from crypto currency market. Now bear market running. I think now many altcoin huge down. Now time for buy. We saw when bitcoin price down 10% then altcoin price down 20%-30%. So if anyone buy Altcoin he will be huge profited. In future bull session when bitcoin price will increase then altcoin price will increase huge there has no doubt. I recently bought some altcoin for long time hold. I think from this Altcoin investment i will anle to free from financial crisis.

All coins will give you profit if you can trade by understanding the market but reliability is one thing which I don't find in ALT coins. To me Bitcoin is one of the most reliable coins but I don't trust ALT coins at all because there are already some good ALT coins scams which is why I avoid investing in ALT coins now. Some ALT coins are good for short term trading but ALT coins will never be the best coin for long term investment. Whether we are investing or trading we look for security and reliability of money first. Because if there is no security of money then there is no point in investing in those platforms no matter how much profit there is. Bitcoin seems to me to be the best coin considering security of money or other aspects.