Bitcoin or Altcoins? Which is safer or more profitable? - page 7.

bitcoinman93

newbie

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Quote from: Eadefemi on November 15, 2017, 06:22:12 PM

Hello family, I need to take an informed decision on this issue

With the present challenges with the blockchain technology and its present congestion ,

Is it still safe, wise and as profitable as before to start a fresh bitcoin investment?

I'm thinking that investing in a number of the other several altcoins might be much better

Pls I need your thoughts and opinions on this....thanks

Bitcoin has the tendency to be the most stable coin from all crypto. So if you want to invest in crypto space and don't feel like going for a rollercoasters like the other alts, bitcoin is a good choice

malbterxic

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Activity: 224

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Quote from: EXtremeAEX on November 15, 2017, 07:33:21 PM

Long Term: Bitcoins
Short Term: Altcoins

Bitcoins is the first cryptocurrency, and that makes it the most trusted and used amongst all the other altcoins, so its the most safe to get hold of. However, since the price is so high right now, don't expect it to increase tenfold in the next few years as it would be a little unrealistic, but possible though.

Altcoins, or Initial Coin Offerings (ICO), can have potential if researched upon, which makes it more profitable, however, there are many scamcoins revolving about ICOs and altcoins, making it more risky than having Bitcoin.

It is up to you, but if you are new to BTC, I suggest getting some Bitcoin first.

I agree that bitcoin is more stable, but it is important to understand the purpose of investment.
If, for example, a person has a desire to save his funds, bitcoin fits more, if we are talking about multiplying the invested funds in a relatively short period of time, then it is better to choose alts.
But in any case, before buying, everyone should study what will be buying, that would not buy shit or not buy at the peak prices.
But in general ideally distribute risks and invest in different coins.

XCANA

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The profitability of either of them depends on how well you are good in trading crypto currency and the level of your capital. This factors are very important in trading crypto currency and this are the major factors that need to be considered before talking of investment profit.

livingfree

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: djsugar on March 09, 2018, 06:32:10 AM

There is no safe investment in the cryptocurrency market.

I adhere to say that this is true. But for someone that is willing to take risk and does have proof that he can earn real money online, will believe to what he is doing and what he found out. To tell which is safer, bitcoin is the right choice, no reason to say why it is and the answer is very obvious why everyone will say that it is the safest crypto investment and most profitable of all. The only last advice that I can tell you, there are others who are earning well with altcoins but you need to do your own research.

brooklynian

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While altcoins appear to be more profitable, bitcoin is actually safer and with it you can low but consistent profit. Bitcoin is still a relevant investment, it is the source and support of all crypto currency. But nevertheless, now there are more and more technologically advanced altcoins that are also safe and promising. So the choice is yours.

senne

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Bitcoin has always preferred as first choice for safer investments as compared to altcoin. But looking at graphs I think you can also invest in ETH in the coming days, as up and down are nearly equal as compared to Bitcoin and the percentage of drop and rise also seems to nearly equal. So, one who really want to try any coin than Bitcoin can also try ETH under the altcoin market.

MIZANUR5033

member

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In my opinion both of bitcoin and altcoins are very useful to use. There are many altcoins so that if you want to get good amount of benefit then you have to choose some good altcoins and invest into there. Bitcoin is the most successful coin till now and gives the biggest benefits to the people so that people are very positive about this coin. Altcon like ethereum and litecoin are very much useful. Though they doesn’t give us as profit as bitcoin gives but you can get a good total from these coins. Bitcoin is a very expensive coin and many people can not afford to invest into there so that the best solution for them to invest into good altcoins. All of them are very safe but you have to choose the best coin for you to get success.

djsugar

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There is no safe investment in the cryptocurrency market. The best way to earn money is to cash out at the right moment. Every coin reaches its peak and then dips down and settle, so selling the coin at peak is the key.
But for the sake of comparison, if I had to choose between Bitcoin and Altcoin, I would choose the Bitcoin because it is less volatile than the Altcoins and is comparatively safer bet.

setupbounds

hero member

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Quote from: squallw on November 15, 2017, 08:33:04 PM

Bitcoin is safer, if you believe in cripto, you just need to hold your BTC and in a few years you may get huge profit.
Don't be a weak hands, the price sometimes can decrease, just keep calm and hold.

With alt coins you can profit too, but i think it is more risk, if BTC increase too much your alt may decrease.

Bitcoin is by far the most safe investment in online crypto market that one can think of. Never buy bitcoin when its on the hype, always wait for a dip and then get in. buy low and sell high that’s the rule. Also patience is the key factor if you are investing or trading in crypto market.

No patience = loss. Wherever you are in loss, just sit upon your loss and hodl till the price recovers and reaches new all time high. In this way you will always be in profit.

Blackhammer321

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Bitcoin is much safer than the alternative coins since bitcoin ran for over 9 years wherein altcoins will just hype the people and will lose its name afterwards. Bitcoin is also profitable than alternative coins since bitcoin has a high volatility rate and so the chance on getting a profit is high unlike altcoins, you will profit on it if the demand goes high as well as the prices.

Hellas Fos

member

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I think altcoins are more profitable and more risky.
Bitcoin is less profitable and less risky.
In fact, I believe that Bitcoin is the safest option.

hrz

full member

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investing bitcoins is very safe and can also be profitable in the future, other coins are not able to compete with bitcoin prices.

mark1220

member

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For me i think both bitcoin and altcoins for long term investment bitcoin is best for it so you can make it profitable because you can predict its price but if you want short term best is altcoins but choose a altcoin that has a quality so you can be sure that you make a profit from it.

mejalipat

full member

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I think both are profitable but with the current bitcoin price maybe altcoin will be more profitable

setialovers

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I am just vote on pool and I am choosing ethereum. If we want to easily liquidating our asset, I am prefer choosing on bitcoin or ethereum, but if we want to make speculation and want to hold for long time, I am prefer altcoin with selected altcoin and with small amount of my capital

jsscswan

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Activity: 266

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Quote from: Eadefemi on November 15, 2017, 06:22:12 PM

Hello family, I need to take an informed decision on this issue

With the present challenges with the blockchain technology and its present congestion ,

Is it still safe, wise and as profitable as before to start a fresh bitcoin investment?

I'm thinking that investing in a number of the other several altcoins might be much better

Pls I need your thoughts and opinions on this....thanks

Actually if we want to get big profits then there are other alternatives like altcoin investment and not just rely on investing in bitcoin. We can trade altcoin, if you can read market share and altcoin popularity level, I guarantee you can earn big profits with just a short-term investment in altcoin.

PilosopongTacio

jr. member

Activity: 308

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Quote from: Eadefemi on November 15, 2017, 06:22:12 PM

Hello family, I need to take an informed decision on this issue

With the present challenges with the blockchain technology and its present congestion ,

Is it still safe, wise and as profitable as before to start a fresh bitcoin investment?

I'm thinking that investing in a number of the other several altcoins might be much better

Pls I need your thoughts and opinions on this....thanks

I think both.. Its about how you handle your holdings whether its bitcoin or alt coin. Of course bitcoin is much more important because of its long term investment and its well-established reputation for being the most trusted coin of all unlike alt coins which has unstable state and its low price in the coin market.
Youll just have to study and invest on potential alt coins that shows promise and could be profitable in the future.

carodupuis

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Activity: 382

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Quote from: EXtremeAEX on November 15, 2017, 07:33:21 PM

Long Term: Bitcoins
Short Term: Altcoins

Bitcoins is the first cryptocurrency, and that makes it the most trusted and used amongst all the other altcoins, so its the most safe to get hold of. However, since the price is so high right now, don't expect it to increase tenfold in the next few years as it would be a little unrealistic, but possible though.

Altcoins, or Initial Coin Offerings (ICO), can have potential if researched upon, which makes it more profitable, however, there are many scamcoins revolving about ICOs and altcoins, making it more risky than having Bitcoin.

It is up to you, but if you are new to BTC, I suggest getting some Bitcoin first.

I would recommend to stay away from ICO’s as many are just a scam nowadays. And not altcoins are for short them, there are quite many coins that are building for long term and have great potential and vision to connect the outside world with digital assets. Some of great coins that you could surely hold for long term are XRP,NEO,XMR,ETH,LTC and TRX. These are great projects with hard working team working on it and are concentrating for long term rather than short profits. Also do buy some bitcoin and keep aside. Its always good to have some bitcoins.

futurelab

newbie

Activity: 51

Merit: 0

Quote from: kateryana81 on March 08, 2018, 04:35:28 AM

Quote from: Eadefemi on November 15, 2017, 06:22:12 PM

Hello family, I need to take an informed decision on this issue

With the present challenges with the blockchain technology and its present congestion ,

Is it still safe, wise and as profitable as before to start a fresh bitcoin investment?

I'm thinking that investing in a number of the other several altcoins might be much better

Pls I need your thoughts and opinions on this....thanks

Yes, investing in several other altcoins is better than just investing in bitcoin or ethereum. I would suggest you to distribute your investment between bitcoin and 3-5 other altcoins atleast. As bitcoin Is a bit less volatile than the rest of the crypto currencies, I would recommend you to buy 60% bitcoin and hold. With other 40% investment you can buy 3-5 other altcoins which great technology and potential growth in future. Its always better to keep your investment distributed rather than keeping everything in one coin.

I agree this is wise. Always distribute your possibilities to reduce any risk. Depending from the risk (higher risk can represent higher profits but also higher losses) you prefer you could choose this risk status: small, medium, high. Example small could be 70% btc and rest growing altcoins; medium could be 50% btc and rest altcoins; high could be 30% Btc and 70% other altcoins.

kateryana81

sr. member

Activity: 423

Merit: 250

Quote from: Eadefemi on November 15, 2017, 06:22:12 PM

Hello family, I need to take an informed decision on this issue

With the present challenges with the blockchain technology and its present congestion ,

Is it still safe, wise and as profitable as before to start a fresh bitcoin investment?

I'm thinking that investing in a number of the other several altcoins might be much better

Pls I need your thoughts and opinions on this....thanks

Yes, investing in several other altcoins is better than just investing in bitcoin or ethereum. I would suggest you to distribute your investment between bitcoin and 3-5 other altcoins atleast. As bitcoin Is a bit less volatile than the rest of the crypto currencies, I would recommend you to buy 60% bitcoin and hold. With other 40% investment you can buy 3-5 other altcoins which great technology and potential growth in future. Its always better to keep your investment distributed rather than keeping everything in one coin.

Topic: Bitcoin or Altcoins? Which is safer or more profitable? - page 7. (Read 4193 times)