Topic: Bitcoin vs Altcoins? (Read 1045 times)

As for the highest amount of investment in the crypto space, it is clear that Bitcoin has a much higher volume than any altcoin every year so Bitcoin can always be at the top for a long time. And for the future I think it will be too, because the first thing that many people in the crypto space recognize is Bitcoin, not altcoins.
Also from various other things, Bitcoin is still far superior to altcoins, so there will be no gap for any altcoin to win against Bitcoin.

It doesn't take time for Bitcoin to increase in value, but once the price of altcoin drops, it takes a long time to increase. Bitcoin pumped the highest amount compared to the altcoin and it plays the highest role in the cryptocurrency world. Due to which Bitcoin has the highest ranking in the market. And is bitcoin the highest amount of investment compared to altcoin.

If we agree that coins are software, flaws are normal. Show me a computer game that had no bugs when it was released.
You seem to focus on centralization a lot. Centralized alts = shit, decentralized alts = mostly shit, but there are some gems. Is that it?

Of course, it's your idea, and I'm telling you now that it's the right idea. It is good for every investor to diversify their portfolio, unlike some that are extremists about Bitcoin. It's all about making money, and Bitcoin and Altcoins have their peculiarities and seasons, one should learn how to outsmart them and maximize their earning potential rather than sticking to one alone.

Having about 50% investment in Bitcoin and the rest of about 50% in Altcoins is a very good plan.

I have the same logic, even though I invest into ETH and BNB as well for token reasons because I like the idea that they are the father of some projects and many tokens are listed on their chain, which could give them power so I have nearly 30% of my coins in eth and bnb, I still hold 50%+ in bitcoin because I believe that no matter what happens to the market, bitcoin will always be strong and will always worth something. That’s my understanding of bitcoin, and how I think it will play out in the future for sure.

This is of course just my idea, doesn't mean that it will be a right idea, maybe I am wrong and other coins will go up more, but I feel more safe this way.

Bitcoin not even comparable to Altcoins , though it can be considered as investment coins also but Bitcoin si too strong to be compared to altcoins.

And I am always supporting Bitcoin against all altcoins so just INVEST IN BITCOIN now matter what happens.

I may have holding some altcoins But BITCOIN IS ALWAYS MY FIRST CHOICE ..

Ok. That makes sense. But I still think that the risks are the same. ETH or BNB are as centralized as BSV is. The only difference is that higher number of people have accepted that BSV is a shitcoin compared to those others.

Any altcoin that has an actual use case and has some innovations instead of doing the same thing as was done years ago.
Unfortunately any altcoin I have ever analyzed has had some flaws, some bigger than others but if I wanted to mention one altcoin that is not a shitcoin and has some actual utility I would say Monero.

There is what we call diversification in crypto, I want to believe you already know what that means.?
Now, you can try to apply that in your strategy, you don't have to go all in on Bitcoin and you don't have to go all in on altcoins, share your portfolio between the two, but make sure you have a higher portfolio on Bitcoin since it's  the safest, altcoins do have a better return on investments, but also do not rule out the fact that they are highly risky and can swallow your money in just a matter of seconds, take what happened to Terra Luna as a point of reference, alot of altcoins have come and gone, but bitcoin remains and still standing strong.

So my advice is, if you are in need of quick profit and must buy altcoins, make sure you have a higher percentage of bitcoin in your portfolio.

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I know I have got into Bitcoin at a good price but just feel while altcoins are currently 85-95% down from all time high may be better making the most of that rather then being safe with Bitcoin and not seeing much return.

I will partially disagree, btc no doubt is the best coin to hold but there is nothing wrong with little diversification of your portfolio with a few good alts. I don't need to go in details about alts like eth, bnb, sol, dot, ada, avax, ltc, egld, and so on are alts which am pretty sure still trading above the price they where initially launched! and not only that most of these alts have been around for some years now and still going strong, the perception that alts are not good for long term mostly applies to shitcoins that have no significant beside pump and dump. Those type of alts are not able to recover even when the bull market season occurs.  so if there are alts that shows some element of potential, i feel it is worth a try.

Altcoins are not good to hold for long time because altcoin can buy off you in the process of holding it so if actually you want to work on for a long time the best country is Bitcoin because bitcoin cannot buy and the value can only depreciate but when bullish market come bitcoin rise again but some altcoins there project just end on the way so it is not good for someone to buy altcoin and hold for long time

If we see in terms ROI, then Altcoins have a better scope than Bitcoin.  However, they are extremely risky. If you want stability, then you should consider Bitcoin as it is widely adopted.

I first got into crypto in February this year however did not start investing in Bitcoin until June after the crash as I felt it was too expensive until then.

I have been DCA now since June and my average buy is £17,100 and I have 6% of a Bitcoin which I know is not much but I have been taking it slow and feel it is slowly growing whilst buying at these lower prices.

I watched a clip on Youtube earlier saying how Bitcoin is great however it is limited in terms of profit potential and it got me thinking if I should keep DCA into Bitcoin or sell it all and put into Altcoins that are likely to return much more over the next 2-3 years.

I mean how high can Bitcoin realistically go in the next 2-3 years? £150k maybe which would be less then 10x compared to other altcoins that can 20-50x when the bull run returns.

Just wondering if everyone invests in Bitcoin or is it worth just focusing on strong altcoins that can 20-50x in the next few years?

I know I have got into Bitcoin at a good price but just feel while altcoins are currently 85-95% down from all time high may be better making the most of that rather then being safe with Bitcoin and not seeing much return.

Altcoin profit is only huge in short term (during the pumps) not in the long term (due to the dumps). In comparison bitcoin will always be a lot more profitable because it doesn't get dumped the same way altcoins do. That's because of the pump and dump nature of the altcoins. In short term you could see 1000% pump where for instance price of a shitcoin goes from 100 satoshi to 1100 satoshi, this means a massive profit during that pump. But the problem with altcoins is that they follow that up with a massive dump where that same price goes back down from 1100 satoshi to 100 satoshi in best case scenario and in worse case it goes down lower to 10 satoshi (lower than the initial price). Any subsequent pump is going to always be smaller (eg. from 10 to 50 or 400% instead of the previous 1000%) and never go back to the peak.

But in comparison bitcoin price is always going up regardless of its short term swings. Take 2013 for example, price goes to $1200 but falls down to $150. But it recovers back to $1200 and continues rising and reaches $20,000. The next time there is a drop it is to a higher low of $3200 and it also recovers that by going back up to $20,000 again and will continue rising after that too.

This is all based on one simple fact: bitcoin is useful in real world while altcoins aren't.

Bitcoin  would be a safer investment because of their adoption. Moreover, altcoins are very risky. But I have invested in some Altcoins and they have the potential of yielding better ROI. I guess it's your call. Do not invest without doing proper research.