For a long-term investment, it would be better to pick Bitcoin than altcoin, if you will see the previous market price chart with altcoins and the price of Bitcoin, there's evidence that Bitcoin always leading the market. And now when it comes to investment, I rather have a large percentage of Bitcoin in my portfolio than in altcoins which is a good investment in a short period of time.
As long as for me, I always pay attention to the investment that has a low risk and only Bitcoin investment potentially has an assurance about this. It's your money and it's your choice which coins you will take a risk.
Topic: Bitcoin or altcoins - page 17. (Read 2295 times)
So far it is true that bitcoin remains the benchmark for most altcoins. but there are some altcoins that are the opposite of bitcoin. So the question now is when will the bull market end? If you have ambitions to collect bitcoins, hold on to the altcoins you own and wait until the percentage drop in the bitcoin price drops below the altcoins you hold. that way the exchange rate against bitcoin will increase.
I always believe in that almost every coin goes up together and goes down together as well. I understand that it is not true for some cases but the reality is that we are talking about something that is dangerously risky if you pick the wrong thing since if the whole market moves together the one that drops all by itself will be in a huge trouble.What does this mean? It means that we are talking about 100 coins going up 5% and then one of them goes down 3%, that is a risky thing, I would not want to hold that coin, that would mean that we could lose all of it eventually. Aside from that if things go up 10% and one coin goes up 100% then I have no problem with that but usually I end up either selling all of it to move to another thing since I believe there will be a correction, or I just sell half and buy something else to grow my portfolio.
this is very reasonable because indeed altcoins have a smaller market capitalization and will definitely run more than bitcoin both in increases and decreases because they follow the price of bitcoin because boitcoins are still dominating in crypto so inevitably altcoins must follow bitcoin with a larger market capitalization.
On the other hand, the adoption of altcoins for trading is indeed more lucrative, the profits are greater, but on the other hand the risk is also very high because it is easier to manipulate like pump and dump frequently and cannot be separated from the fomo.
but indeed bitcoin is more promising and most people will choose the same thing to survive here.
On the other hand, the adoption of altcoins for trading is indeed more lucrative, the profits are greater, but on the other hand the risk is also very high because it is easier to manipulate like pump and dump frequently and cannot be separated from the fomo.
but indeed bitcoin is more promising and most people will choose the same thing to survive here.
Both of them will be a good bargain for your venture and you can put 50/50 on them for assurance profit in the future and surely will of course. Bitcoin will always be dominant no matter what, if you thinking it's late to have bitcoin, then it's never too late because bitcoin will increase price every year. On altcoins too just pick good projects that will have a great future for a long run and find hidden gems while it's cheap as for now.
Of course this depends on the investment objective, if it is short term then altcoins are more profitable, I've bought new listed coins and I can profit up to 400% within a week, because I'm worried the price will drop so I immediately sell it, currently my biggest portfolio is 92% for 12 altcoins and 8% for bitcoins.
I always had an easy time selling my altcoins. There is no doubt lingering when I am in the mood to sell them unlike with Bitcoin.
When my wife needs something so expensive but it is a necessity and I have to sell my Bitcoin for it, I have to think like 100 times before I can decide.
I guess that can explain how Bitcoin is still holding despite a bear market. There is always the pressure to sell it because of its possibility to pump again in the short run.
Before (2015-2017) it was easier to handle the buy and sell method of alt to BTC. Now, I wouldn't even dare to touch that field anymore.
I would rather use stablecoins if I want to profit from the volatility of any coin.
When my wife needs something so expensive but it is a necessity and I have to sell my Bitcoin for it, I have to think like 100 times before I can decide.
I guess that can explain how Bitcoin is still holding despite a bear market. There is always the pressure to sell it because of its possibility to pump again in the short run.
Before (2015-2017) it was easier to handle the buy and sell method of alt to BTC. Now, I wouldn't even dare to touch that field anymore.
I would rather use stablecoins if I want to profit from the volatility of any coin.
It could be the best time to buy Bitcoin and Ethereum at the same time now. Bitcoin price is not able to resist against $50k resistance level and the price is still stagnant nowadays. But after breaking it, I think that its way will be wide open. While Bitcoin is in such condition, Ethereum price continues to increase interestingly. With Ethereum 2.0, there will not be a big hindrance for it except Bitcoin's movements and I believe that it can double its price at least in a new bull run.
Bitcoin looks attractive at current levels (i.e sub-50K), while ETH went up by a lot recently. Given the issues with high transaction fee and scalability, this increase is not justified IMO. For me, ETH doesn't look as attractive as BTC currently. The same argument goes for some of the other altcoins such as ADA, BNB and SOL. These coins have gone up quite a lot recently and the current valuation is not justified if we take the adoption and acceptability in to account. So compared to all these options, my pick would be Bitcoin.
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 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.]
At present who are owners of low amount fund how can he hold BTC so my advice is who have Small amounts of the fund, he can trade or hold alter coin. 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 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.]
So far it is true that bitcoin remains the benchmark for most altcoins. but there are some altcoins that are the opposite of bitcoin. So the question now is when will the bull market end? If you have ambitions to collect bitcoins, hold on to the altcoins you own and wait until the percentage drop in the bitcoin price drops below the altcoins you hold. that way the exchange rate against bitcoin will increase.
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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.]
It seems to be a good idea but the question here is "do you know when is the end of the bull market?"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.]
Well, we are just basing our next moves just by how cryptos are moving in the past but predicting the future is a different thing
. I agree though that altcoins tend to move faster compare to Bitcoins because they have a lower market cap therefore, it's price is affected heavily towards either up or down. I think it would be just better if you will just sell your altcoin holdings immediately as long as you got some profit on it. Converting it into Bitcoin might be better but don't forget that altcoins are moving similar with Bitcoin does. Its just that altcoins tend to move faster compare to Bitcoin. Selling and converting it into cash would be better at least for me to secure the profits unless you have other options after you convert it into Bitcoin like trading it again.
If you feel hard to choose the altcoin, bitcoin will be the best choice to buy as you can confuse to select which altcoin can increase later even if you buy ethereum or bnb as the top altcoin right now. It is right if altcoin falls faster than bitcoin and will go deeper than bitcoin because the altcoin price will follow bitcoin moves. But still, if you buy ethereum at the downtrend, that could be a good choice. But sometimes, ethereum will not go down deeper if the bitcoin price down.
Now, you can buy both bitcoin and altcoin simultaneously, but be careful if you want to buy altcoin because you will get tempted to buy the altcoin below the top 10 coins list.
Now, you can buy both bitcoin and altcoin simultaneously, but be careful if you want to buy altcoin because you will get tempted to buy the altcoin below the top 10 coins list.
Both of them will be a good bargain for your venture and you can put 50/50 on them for assurance profit in the future and surely will of course. Bitcoin will always be dominant no matter what, if you thinking it's late to have bitcoin, then it's never too late because bitcoin will increase price every year. On altcoins too just pick good projects that will have a great future for a long run and find hidden gems while it's cheap as for now.
It could be the best time to buy Bitcoin and Ethereum at the same time now. Bitcoin price is not able to resist against $50k resistance level and the price is still stagnant nowadays. But after breaking it, I think that its way will be wide open. While Bitcoin is in such condition, Ethereum price continues to increase interestingly. With Ethereum 2.0, there will not be a big hindrance for it except Bitcoin's movements and I believe that it can double its price at least in a new bull run.
Bitcoin and altcoin are in high demand the price of altcoin increases depending on the price of bitcoin. Many companies are joining the crypto market due to the rising price of bitcoin the use of their transactions is increasing as the price of bitcoin rises to pump up their projects bitcoin is now the best coin on the market bitcoin is the first choice for all users. The rise in the price of bitcoin has increased the demand for bitcoin this currency is more popular than other coins after bitcoin ethereum took the place of altcoin.
My first choice would be Bitcoin because of being a HODLer. I think that it is the most profitable coin in the market in the long run now. But I'm not saying that the rest of the coins are bad. My second choice would be Ethereum definitely. I'm saying Ethereum before BNB because I believe that Ethereum has a brighter future. Because BNB is dependent fully on Binance exchange. But Ethereum is not in such condition. And the developers are continuing to improve Ethereum also. It might even have a potential to dethrone Bitcoin in the future, who knows?
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?
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?
While the analysis looks pretty much correct, I can't tell for sure that this pattern always takes place and, even if it would do, it's imho pretty hard to pinpoint good moments when this switches should take place.
I don't know if anybody can tell for sure whether this is a good moment or not. And they also shouldn't; it's your money and your risk.
I'll only add that even if you are willing to play (with fire) like this, you should keep at least half of your crypto assets in bitcoin, just to not fall that bad if something goes wrong.
Could be a good strategy, but we all know how altcoin market is very volatile, so this is not a sure fire to make money whether bitcoin is on a bull run or not.
Wise investors just move their assets around, bitcoin->altcoin but those are more experience kind of traders. Not saying that you are not, but it could complicate things for you. So it's better to really try it with small portions and then see how it goes. If it fits your strategy then good.
Wise investors just move their assets around, bitcoin->altcoin but those are more experience kind of traders. Not saying that you are not, but it could complicate things for you. So it's better to really try it with small portions and then see how it goes. If it fits your strategy then good.
But how do you exactly know that the bull run has ended because there's some times when there's a temporary dip that many thought was the end of the run but the prices starts going up again. I could get behind with your strategy in buying, nothing wrong with that as it's actually a really good one.
That surely is usually the case. But the question is, how sure are you that the "late part" of a bull market is actually to come in the near future? Also assuming that you could actually accurately time the end of the bull market.
See, things like this sounds so easy in hindsight, when you can already see what has happened in the past. But predicting future prices is a different beast.
See, things like this sounds so easy in hindsight, when you can already see what has happened in the past. But predicting future prices is a different beast.
This is if you are confident that the altcoins will break their ATH when the next bull run cycles again. If not just abandon the altcoin and move to an altcoin that has been ranking above. Or simply trade BTC.
The tl;dr is that take profit every time the bull market is about to take a nosedive and then buy back when it hit the sediment under that troubled waters.
Bitcoin increasing much more than altcoins during bull runs is to be expected, it has a much larger market cap than altcoins. This also is the reason as to why altcoins look much more severely beat down everytime bear season comes in. Since bitcoin has a much larger market cap, resistance is at a higher point which makes it so that bitcoin can weather much more severe dumps compared to altcoins. Truth be told, without bitcoin altcoins wouldn't even be a thing, so it's not like altcoins are at a big disadvantage with bitcoin being around.
Altcoins are dependent on Bitcoin's movements actually. Most of the time, every altcoin price increases or decreases being parallel to Bitcoin. Sometimes, we witnessed Ethereum price to increase but Bitcoin didn't. And sometimes, we saw that meme coins boomed while the market was in a bad condition in general. The choice is yours. If you are aiming to HODL, then the best option is Bitcoin I believe. Otherwise, you can give a chance for credible altcoins like Ethereum.
Exactly, rarely do I see an altcoin increasing in value dramatically in the midst of bitcoin dropping in value either due to a dump or because of bear season as most of them fall down the same time as bitcoin. A good example is DOGE flourishing amidst the bitcoin dump where it reached an astronomical value courtesy of Elon Musk shilling DOGE in his twitter page. But as the market recovers we can see more altcoins increasing in value once again, that's for sure. Jump to: