Topic: Bitcoin vs Altcoins? - page 2. (Read 1045 times)

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..

You can also go on a gambling site, make some bets on dice rolls and make better ROI but that doesn't mean it is a good idea to do so.
That's pretty much the summary of the altcoin market, specially the token market. People are making bets on short term prices of these useless coins/tokens and cash their "chips" out if their bet succeeds for a profit. Calling it an "investment" is wrong.

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.

Holding altcoins too is good. Here it matters, when we choose the right altcoin. We've got the king, whom will be the king forever. We've got soldiers, without them it is hard to safeguard the kingdom, which means the cryptomarket. For some purpose altcoins got emerged and they're doing it. Trading altcoins is good and there are altcoins that have the potential to give good returns. Always stay on the top order is good. Altcoins are good for trading, and having a diversified portfolio is always a better choice.

I don't agree, it's basically a wrong assumption.
I understand what you mean, but potential is not measured by how many times the profit you get from the investment. Bitcoin is still the best compared to altcoin, if you believe bitcoin has lower potential than bitcoin then maybe you have bet a lot on altcoin memes.

Of course, especially on altcoin that don't have the real use cases, that is real greed.

That is why it is much better to invest in bitcoin. Btc price has a lower potential when compared to altcoins, but it is still a very decent potential we don't find in other investments among traditional markets.

I imagine bitcoin can hit 100,000$ on the next bullish season which may take 3 years yet, what means it is already 500% profit return over currently investments. Who does need more than that? To persue altcoins for higher percentage profit seems pure greed after making this comparison.

No one knows for sure, everyone will probably shoot one from the corner of his room. The future of bitcoin is still very good, actually you should cultivate optimism about it if you really invest in it. 20x - 50x from now will definitely be difficult even in the next 2-3 years, but since bitcoin price is uncontrollable it is possible to achieve it in the future.

Advice for you: Be a wise bitcoin holder. You may need to take profit at price x by selling it while you can buy again in the next phase of the decline. Accumulation and DCA are great, but of course I think that strategy is for those who have a steady monthly income.

I use to be so much into altcoin at the beginning of my crypto journey and I was deeply rooted in several projects' development but along the line, I lost my appetite for altcoins since there can go from 100 to 0 in a matter of seconds.

Many risk their money on altcoin for short-term bases, but that is if you can make the right pick and be able to pull out when the market is in an uptrend direction before losing everything looking for maximum profits that may never come.

Ohhh noo, it sounds so dirty dude what are talking about in the title please change it. haha bro I think there is a need for the Proverb to be quoted well, You are comparing the King with the shit. As shitcoin even can't stand to be discussed with the BTC. I think Alts should be whipped and I want too see BTC in top gainer top loser most productive each and every thing you know and I know.
I know many of us like BTC and alts too that was the same case with me but I have just realized noo there should be a balance in between these two terms as holding BTC cant be compared but trading Alts is not bad too.

I think depending on your preference, if you like safety then choose bitcoin, the profit will be a bit less, but if you like altcoin, it will be more risky and the profit will be higher. The higher the return, the higher the risk. Or maybe to be more optimal you can also allocate your portfolio 50% bitcoin and 50% altcoin, or 70-30. But it can be said that investing in altcoins is not as simple as you think, it's not about picking any altcoin and just buying at low prices and waiting for the bull season to come to take profits. Things are not so simple, a lot of altcoins have dropped 85%-95% but there is no guarantee they will recover even some will not survive this bear season. So investing in altcoin is very risky, it's not like bitcoin, how much bitcoin can fall doesn't matter but it will always be the first to bounce back.

The value's downfall started somewhere around feb-april, now it's the best time to buy bitcoin before it's too late and 60k resistance becomes new support in a few years.



I think it can hit somewhere around 120-150 k USD in the next 2-3 years with a market cap of around 1.5 trillion, again it's the best time to buy bitcoin- 19k USD is undervalued bitcoin.


I'd say bitcoin for longterm, I've seen most of the alt coins die pretty quickly unless they're given shoutout by a famous person look at the example of DogeCoin, it almost hit 1$/Doge due to Elon musk's hype.


Bitcoin is good for long term while altcoins for short-term.

Altcoins can show more growth, but at the same time they contain more risks, and in the pursuit of big profits, you can even lose your money. Remember how it happened in the last bull market, first bitcoin began to grow and only then altcoins began to grow after it after a while. This is one of the reasons why it would be worth staying in bitcoin, but of course it's up to you, maybe you will choose the altcoin that will be well pumped, as it happens with some altcoins now.

In my opinion you are doing the right thing, keep buying Bitcoin with the DCA method. The price level of bitcoin at the moment makes a lot of sense and over time your bitcoin holdings will grow. I am also using the DCA method and think it's the best approach. Don't sell your bitcoins into altcoins, that's way to risky. There is no guarantee that an altcoin is actually going to make 25 or 50x return. You could also lose all your money. Bitcoins is a much more safe investment that should be part of any crypto portfolio. If you really want to invest in altcoins then you could reduce your new bitcoin purchase and split it between some other coins. But do keep holding the bitcoins you already own.

Altcoins giving more profit is all a relative idea - they will give you profit if
1. you bought at a lower price
2. an exchange exists that has that coin listed and has a decent volume
3. you time your sell price to a higher price than buy price.

All these reasons also exist for bitcoin, but you can clearly see that the second point is almost always true and the other two are negotiable for bitcoin. This is not always the case for altcoins.

Also the chance that you bought an altcoin when it was down in the dumps, and that specific altcoin is going 400x during a bull market is pretty low, because firstly nobody buys shitcoins when they are down and with a thousand other shitcoins on CMC/CG, you would be puzzled to make the decision of which one to buy, given your capital is limited.

Bitcoin is number one and I know that disagreement is healthy at times, and I still disagree with you to generalize altcoins. I insist some altcoins are even performing better than BTC, I don't let anything blind me despite holding, trading and using BTC for my regular online payments. Altcoins have also helped me a lot far more than BTC in earning, so it will be unfair for anyone to collective downgrade them. My plight is that we should be sensitive with what we express so that we don't misguide some people.

This does not stop the fact that Bitcoin will always be the best and most reliable, but I won't accept that others are totally useless as you indicated in your first post.

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.

As you said altcoins are not as good as bitcoin offers then I think there is no need to look deeper into altcoins. We all know that investing in altcoins is much riskier than bitcoin, so invest in altcoins only if we are sure that it will yield better returns than bitcoin. The bull season is always considered as the best time to invest in altcoins, down season like now really shouldn't do so, if you still want to invest then you should be aware of the risks you face. My advice is to only invest a small fraction in altcoins even top altcoins, and focus on bitcoin until the bull market comes.

You can disagree with me all you want but the hard data is saying that altcoins come and go while Bitcoin stays. Except for a handful of altcoins, majority of them are already either dead or dying. In terms of HODLing, you cannot compare Bitcoin with any altcoin. Yes, DOGE rallied, XRP pumped, SHIB became popular all of a sudden, but would you HODL them the way you HODL Bitcoin? That, to me, is suicide. And even if the likes of Ethereum remains strong, just take a look at how much an ETH was worth in BTC years ago and compare it today. That would tell you that HODLing Bitcoin was still better.


They're fine to trade and keep for a short time. HODL for a long time? I doubt. ETH? 5 years ago, 1 ETH was around 0.14BTC. Today, with all the hype of the Merge and talks of flippening, it is only worth 0.06BTC. Don't mind their prices in dollars. It only misleads you. BNB? I wouldn't trust my money on a centralized coin whose network got hacked and was shut down shortly after.


Every single altcoin is riding on Bitcoin's popularity. To a certain extent, they're free riders. So you don't keep them. You use them. You take advantage of them. And that's so that your value in Bitcoin increases. Now you know the drill. You don't pledge loyalty to a shitcoin. All roads lead to Bitcoin.

Depends on what is that altcoin you are talking about. If that alt is shady then yes, they are not worthy for long term investing but if that alts are the common alts that we know i.e eth and bnb then these coins are fine to hodl for a long time. A good entry point is usually done when the coins value is dumping or when the market is in bear phase and for the exit point, it's when their price are pumping or when the market is in bull phase.

Alts aren't created to help btc increase its value but btc is actually the one that helps alts to increase their value. Now you know the drill. We shouldn't invest more in alts but we should put more money in btc so that alts can benefit as well.

This is also felt by many people, the constraint of investing in bitcoin because it involves an expensive price.
But don't worry, I have a way to speed up your desire to buy bitcoin, all you have to do is monitor market conditions, buy in small quantities that you think are sufficient, when bitcoin is at a standard price, then sell in the near future when bitcoin experience improvement and do it over and over again until you have enough capital, but the concept must be consistent.

This is correct and do it consistently until your target is achieved, I have been doing this for the past year.
growth delay is better, but has a degree of stability, so that your investment space can work, people who have little capital must have a way to get around it.

Limited profits are caused by a small authorized capital when you start investing, and Altcoins are more volatile you need to know, start learning consistency, preferably small but can increase slowly.
All decisions are yours?

Depending on the market reaction and the yearly cycle that will occur, the math can shift in the investment formula.
The concept of investing is not as easy as people say and it's the same with Altcoins you mean if a bull run occurs.

This question is still relative, if many already know how bitcoin works and can provide benefits, then the answer must be choosing bitcoin.
And also there is nothing wrong if people prefer Altcoins, it's just a matter of taste and financial ability to take a role in Bitcoin and Altcoins.
But if you ask me, the definitive answer is bitcoin.

Try both at the same time, but make sure the altcoin you are aiming for has the strength to stay in the market.
As a reference for decision making, you will not be able to avoid bitcoin for now and in the future, because bitcoin is more promising than altcoins, although both have a degree of risk involved.
Just look at the growth of bitcoin to date, Many people, companies and groups have made bitcoin a promising asset and investment.
Then where were you when the three people I mentioned earlier had successfully invested in Bitcoin. Personally I've increased my investment in bitcoin, although slowly and adjusting the capital I have.