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Topic: Bitcoin or altcoins (Read 2207 times)

sr. member
Activity: 1484
Merit: 254
April 08, 2022, 11:11:23 AM
For now I prefer altcoins over bitcoin, this is because the big profit opportunities from altcoins are better than bitcoin, especially new projects that carry the concept of defi and provide APY of up to thousands of percent per year so that it makes me not hesitate to make altcoins as the first choice.
member
Activity: 266
Merit: 10
April 07, 2022, 02:43:54 PM
When you increase the market capitalization of Bitcoin by buying it, you will certainly affect it less than if you use altcoins, due to the difference in market capitalization. So you will influence the price of an altcoin more than Bitcoin and a better idea if you want to hold bitcoin you want a more stable and reliable cryptocurrency. That is the most sincere advice I give you and note that any investment is risky, if you invest with a small amount of capital the risk will be small but if you invest a large amount, the risk is small. The risks are very high, so always hone your market knowledge and skills to be a smart investor.
member
Activity: 177
Merit: 14
April 07, 2022, 02:37:43 PM
In this world many people make large money when cryptocurrency first comes and everything go 1000x but now it is not possible because there are many thousand cryptocurrency in running. Bitcoin is also a coin like altocoins. It will be difficult to choose between BTC and altocoins nobody knows what is coming up next. We should understand the project and then invest. Thank you
full member
Activity: 462
Merit: 100
April 07, 2022, 11:37:03 AM
I have been watching this market for a long time.

It seems that in the early part of a bull market, Bitcoin goes up faster than altcoins (ie Bitcoin dominance goes up.)  In the late part of a bull market, Bitcoin still goes up but altcoins go up even better (ie Bitcoin dominance goes down.)

In a bear market, altcoins fall faster than Bitcoin (ie Bitcoin dominance recovers somewhat but has to wait for the next bull market to go really high.)

So, it would seem the correct play is to buy altcoins at this point, and then convert them into Bitcoin (or sell) when you see the bull market ending?

Any thoughts?

[I used to post as BobK71, and am using a new account after some logistical mixup.]
I want to say my personal opinion Bitcoin is the mother of the coin I have to learn to hear lots of pair but BTC pair trading is too profitable cause all trading pair depends on BTC so Bitcoin and altcoin both need to depend on the situation. Nowadays blockchain-related token is very important I think for trade altcoin.
newbie
Activity: 39
Merit: 0
April 07, 2022, 09:37:47 AM
Altcoin are crypto currency other than Bitcoin. So far,  Bitcoin has the largest value in the crypto world. Even though some Altcoin could experience significant increase,we can't compare them to Bitcoin.
 Also we should not neglect the fact that Altcoin can lose Value within a short period of time or even turn out to be fake. It one's decision on either of the coin s/he chooses to invest in but the most crucial part is that before you invest in any coin,you should first make your research and be sure you have a better understanding of the coin, you want to invest in.
full member
Activity: 608
Merit: 154
April 07, 2022, 05:24:57 AM
altcoin or bitcoin were worthed to hold in our bag,both of them have good future as long term assets. no matter what happen in daily volatility but if we talk year growth cryptocurrency still showing good return.
Isn't obvious to what i said? diversification is always the best  way to deal market in crypto because we knew how this changing day by day and time after time so best  to Buy bitcoin but also buy altcoin in this sense we are ready no matter what happen in market because if bitcoin fell then at least we have chances to gain from our altcoin though there is no  assurance this to happen because coin will pump and dump depend on the support and depend on how we are buying the currency .
We know how this market moves, we know that alts only follow btc. Are you sure you know that too? Because, why you are still diversifying your funds to altcoins? When btc goes down alts will also follow. The only way to gain more profit is when you maxed out 100 percent of your investment on one coin and that is bitcoin.

People always have a full support with bitcoin but it is normal for someone to sell their bitcoins because they also want to earn a profit but this does not mean that they lose the support for bitcoin. They still support it because they still have a bitcoin left with them and they can buy a btc again once its value drop.
hero member
Activity: 770
Merit: 573
Leading Crypto Sports Betting & Casino Platform
April 06, 2022, 07:23:08 AM
Bitcoin is considered the king of crypto. And everyone else is the same boy. But new conditions and new discoveries will have to be made in the world. So we do not have to assume that nothing else can come in the future to compete with Bitcoin .This is our fault. Seeing is believing. When it comes to choosing between Bitcoin and Altcoin, you can both choose and invest in both.

Yeah mate, you're correct, both of them can do the jerk.
Reasons you should invest in Bitcoin is coz, they are the most prefared and higher currency at the moment, they have sure been the best to hurdle despite the fluctuations of it's price.
Altcoin, reasons are coz you also watch them grow when Bitcoin fall, if you want higher profit I suggest you invest a fifty fifty percent of your income in both Altcoin and Bitcoin.
Wait for it as you'll sure get what you want outta them both.
member
Activity: 1232
Merit: 12
April 06, 2022, 06:47:08 AM
The portion I currently have is 40% bitcoin and 60% altcoins. A safe choice for the long term of course bitcoin, but I never recommend holding it forever it's better to have a clear target because when we are already profitable then we should sell and enjoy the results of the profit, the price will continue to rise but sometimes it takes a long time to skyrocket like now.
sr. member
Activity: 1526
Merit: 255
April 06, 2022, 03:56:36 AM
Bitcoin is considered the king of crypto. And everyone else is the same boy. But new conditions and new discoveries will have to be made in the world. So we do not have to assume that nothing else can come in the future to compete with Bitcoin .This is our fault. Seeing is believing. When it comes to choosing between Bitcoin and Altcoin, you can both choose and invest in both.

I think this depends on our goals, if we focus on the short term (less than a year) then choosing altcoins is a better thing, the chance of altcoins to go up 2x even 10x or more in a year is easier to achieve than bitcoin which is currently stable with a percentage increase or insignificant decrease.
copper member
Activity: 603
Merit: 1
jaimini patel
April 06, 2022, 03:22:28 AM
Bitcoin is considered the king of crypto. And everyone else is the same boy. But new conditions and new discoveries will have to be made in the world. So we do not have to assume that nothing else can come in the future to compete with Bitcoin .This is our fault. Seeing is believing. When it comes to choosing between Bitcoin and Altcoin, you can both choose and invest in both.
full member
Activity: 561
Merit: 101
https://imgur.com/cUCkVsv
April 05, 2022, 04:02:42 PM
Bitcoin is king of all coins. If bitcoins price will be affecte.it affect the all coins. So bitcoins important of all coins. Bitcoin is any time to chang. It not easy to Gus's the price. It any time to up and down. So altcoin movement depends on bitcoin movement. Bitcoin is important of all coins. Bitcoin is frist coin of the all coin. That the reason bitcoins will be affecte altcoin also affect.
rby
hero member
Activity: 742
Merit: 611
Brotherhood is love
April 05, 2022, 01:34:49 PM
Altcoin movement depends on bitcoin movement. There is no movement that alcoin makes without bitcoin first making it. If it is rising and falling in both cases it is simultaneous. While the movements show very well in altcoins is because of low market cap. You can see an altcoin do x100 but bitcoin cannot do this in a short time. It is possible for the altcoin to crash back to where it was when bitcoin dip because it has a fragile support unlike bitcoin whose support is stronger at any time.
During first phase of bull, invest in altcoins, cash out and rebuy btc for bull second phase.
legendary
Activity: 2282
Merit: 1696
Top Crypto Casino
April 04, 2022, 10:26:09 AM
I have been watching this market for a long time.

It seems that in the early part of a bull market, Bitcoin goes up faster than altcoins (ie Bitcoin dominance goes up.)  In the late part of a bull market, Bitcoin still goes up but altcoins go up even better (ie Bitcoin dominance goes down.)

In a bear market, altcoins fall faster than Bitcoin (ie Bitcoin dominance recovers somewhat but has to wait for the next bull market to go really high.)

So, it would seem the correct play is to buy altcoins at this point, and then convert them into Bitcoin (or sell) when you see the bull market ending?

Any thoughts?

[I used to post as BobK71, and am using a new account after some logistical mixup.]

Bitcoin can be thought of as an index of the cryptocurrency market.  

Bitcoin is the world's first cryptocurrency.  Bitcoin is the most capitalized cryptocurrency.  Bitcoin has a very good chance of becoming the world's reserve currency.  

In this case, it will be included as an integral part in the gold and foreign exchange reserves of central banks.  

Altcoins are essentially experimental laboratories for testing various software and financial technologies.  

This is the difference between bitcoins and altcoins.  

This difference determines the dynamics of their market rates.
full member
Activity: 1974
Merit: 147
April 04, 2022, 10:25:13 AM
Quote
bitcoin for now being the best for me. I always choose to invest in bitcoin, because bitcoin has a very good history and there has never been any fraud in bitcoin. in altcoins i invest there too, some altcoins look good like ETH and BNB for now. I chose these two altcoins to observe the percentage gain comparison with bitcoin.

I agree with you, bitcoin still remain the king among other cryptocurrencies which is very easy for someone to make a huge amount of profits from bitcoin investment. Many people just like bitcoin for the good they have experienced from bitcoin investment, that made them to believe that bitcoin is more favorable than other coins in the community.

Those coins are very good but you cannot use them to compare bitcoin that has moved to $46,000 to allow investors to make a good choice. Ethereum and binance will give you good income but bitcoin income will be more bigger than those coins.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
April 04, 2022, 10:17:07 AM
I prefer altcoins than Bitcoin because potential altcoins can give high return. On the other hand, Bitcoin is more secure and trustworthy. If you want to invest on altcoins then you can choose top 50 coins from CoinMarketCap. I hope you'll get your desire profit.

But bitcoin is the one enjoying and gaining price as Ukrainians are getting massive donations and support through it with the war on. Although I know that there were few altcoin addresses given out for donations to Ukraine but the one for bitcoin has caused its price to rise. If I have to choose between bitcoin and altcoins at this time I will go for bitcoin.
I have seen recently that some altcoins are doing wonderfully well even as bitcoin is going up and ranging. Altcoin like Ethereum is really on a bull move when looking at the chart. Even with all these altcoin gaining momentum, I am very certain that without Bitcoin potential bull move, they'll will remain stagnant because of the force of attraction that is pulling them as Bitcoin moves. For me, I'll prepare Bitcoin cause it is the major factor that keep all these altcoins in a moving progression.
legendary
Activity: 2982
Merit: 1028
April 04, 2022, 09:56:48 AM
Sometimes, when I think about difference between Bitcoin and altcoins, I like to draw parallels to originals car spare parts and alternative spare parts. Alternative parts have different price categories, from low budget to premium, they can have different quality. But no matter what kind of spare parts you use, using original are always better. Even though alternative premium spare parts can "work" longer.
That is a great analogy, and following it I believe that when non-original parts are used they have an effect that can damage the most important parts of the vehicle. In other words, why risk buying altcoins that have a low price that is likely to go down even more and sometimes not go up any more when you can invest in Bitcoin that is totally guaranteed to go up in price and at any price? moment, but I know that it will go up much more than $70k and seeing the history each new ATH is much juicier than the previous one, this should be reason enough to merit the good risk.


A great analogy indeed, original is always the top, but it depends on how investors will work with the knowledge

of the asset that they will be using. If you know how to pick the right coin, whatever it is, both Bitcoin and altcoins do have opportunities
to bring a good amount of profits. Though it is not easy and there are many grounds to pick your side between the options that you have and invest your money.

copper member
Activity: 770
Merit: 1
April 04, 2022, 09:37:32 AM
Its up to every investors that where he like to invest. From myside bitcoin now has become a most popular and holded crypto currency in this world. This is going to be always in my portfolio. Now talk about about altocoins. Some altocoins can give better returns from bitcoin like polkadot, BNB. eth many coin you have to search about them analysis. So in my opinion we should have a portfolio of Bitcoin and altocoins mixed.
sr. member
Activity: 1638
Merit: 255
April 03, 2022, 04:19:40 PM
bitcoin for now being the best for me. I always choose to invest in bitcoin, because bitcoin has a very good history and there has never been any fraud in bitcoin. in altcoins i invest there too, some altcoins look good like ETH and BNB for now. I chose these two altcoins to observe the percentage gain comparison with bitcoin.

I admit that Bitcoin is indeed the best so far, although there are many coins that appear, but however Bitcoin is the best asset for investment choices,
it's no wonder that investors trust in Bitcoin is very high. So a lot of people who invest in Bitcoin are much bigger percentage than altcoins,
it's the right thing to do. Not because Bitcoin is the best, then we only focus on investing in Bitcoin without investing in altcoins, that is not
the right decision.

Because after all, successful investors become rich people, because they usually don't just invest in one asset. So what you're doing diversifying is
a good thing, because if we invest in several assets will make the profit that we generate can be maximized. But we still have to be careful in
choosing altcoins for investment, because not all altcoins are worth investing in. It is true that ETH and BNB are so far good choices for investment,
because they are both popular cryptos and are at the top of coinmarketcap rankings. So my advice is that 50% of our capital is invested in Bitcoin,
the remaining 50% can be bought for ETH and BNB. If we want to take a higher risk, maybe we can invest in a new project of around 10%.
Because new projects usually promise very large profits, but because the risks are very high, never use large capital.
full member
Activity: 700
Merit: 102
April 03, 2022, 03:00:22 PM
bitcoin for now being the best for me. I always choose to invest in bitcoin, because bitcoin has a very good history and there has never been any fraud in bitcoin. in altcoins i invest there too, some altcoins look good like ETH and BNB for now. I chose these two altcoins to observe the percentage gain comparison with bitcoin.
legendary
Activity: 2338
Merit: 1838
Leading Crypto Sports Betting & Casino Platform
April 03, 2022, 01:01:46 PM
Sometimes, when I think about difference between Bitcoin and altcoins, I like to draw parallels to originals car spare parts and alternative spare parts. Alternative parts have different price categories, from low budget to premium, they can have different quality. But no matter what kind of spare parts you use, using original are always better. Even though alternative premium spare parts can "work" longer.
That is a great analogy, and following it I believe that when non-original parts are used they have an effect that can damage the most important parts of the vehicle. In other words, why risk buying altcoins that have a low price that is likely to go down even more and sometimes not go up any more when you can invest in Bitcoin that is totally guaranteed to go up in price and at any price? moment, but I know that it will go up much more than $70k and seeing the history each new ATH is much juicier than the previous one, this should be reason enough to merit the good risk.
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