Bitcoin vs Altcoins? - page 3. | Bitcointalksearch.org

Rikafip

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Quote from: qwertyup23 on October 15, 2022, 10:13:25 AM

It all depends on what you need but I highly recommend to diversify your investments for maximum profit

That in majority of cases means maximum risk and loss and not the maximum profit. Keep in mind that OP is still relatively new to crypto (started investing ~7 months ago) so I doubt that he has enough experience to sell altcoins in time.

Quote from: qwertyup23 on October 15, 2022, 10:13:25 AM

While this may be the case, diversifying and investing in both BTC and altcoins is the preferred method in order to maximize your profits and minimize your losses.

Imho that's not a real diversification because all those alts still depend on bitcoin price so you might as well keep it in bitcoin and minimize the risk. On the other hand, real diversification is if you invest in something that's not closely related to crypto, like gold or even better land.

qwertyup23

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It all depends on what you need but I highly recommend to diversify your investments for maximum profit.

Personally, BTC is the way to go due to its inflationary nature. While there may be lots of altcoins in the market, the fact still remains that BTC is the reigning cryptocurrency in the market with its price higher than every altcoin present. With this in mind, the potential and opportunity of doubling your money is quite higher compared to some altcoins.

While this may be the case, diversifying and investing in both BTC and altcoins is the preferred method in order to maximize your profits and minimize your losses.

pawanjain

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Quote from: JamesDaniel90 on October 13, 2022, 01:54:38 PM

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.

I know it might be really confusing as to what to do in order to grow our portfolio to the max.
But if I were in your place I would do both. As in diversify my investment into bitcoin as well as the altcoins.
The problem with altcoin is that not all of them are worth our precious money. Many of them just dont return enough profits.
So we have to be wise when choosing which altcoin to invest in. Once done, you can diversify your investment into both.
The percentage really depends on you and I have personally done 40% BTC and 60% altcoins.

adzino

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Quote from: JamesDaniel90 on October 13, 2022, 01:54:38 PM

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.

Not all altcoins are going to give you a 20-50x return. You need to find a good altcoin that has potential and they are very rare to find. You will most likely end up investing in a "bad" altcoin and lose everything.

Investing in Bitcoin is less riskier when compared to altcoins. Sure, bitcoin might not give you more returns than some altcoins, but look at the charts. When the market tanks, the altcoin performs the worst. Go back few days and see what happened. When bitcoin went down by 5%, altcoin went down up to 15%!

agustina2

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Quote from: JamesDaniel90 on October 13, 2022, 01:54:38 PM

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?

Strong altcoins that can 20-50x in the next few years? Can we really determine what altcoins are these?

Not wrong to invest in those altcoins but don't expect a 20-50x increase at those as it might give you disappointments. You can have a test to see the result although you need several years to see it.

Much better to focus mostly your funds on Bitcoin and do some DCA.

EarnOnVictor

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Quote from: Darker45 on October 13, 2022, 10:56:33 PM

Altcoins are not something you should stick and be loyal to. We have to be reminded that they come and go. They're usually short-lived. So they should only be treated as milking cows. When playing with altcoins, good entry and exit points should be well-plotted in advance. By the time a good profit is achieved, altcoins should be dumped as quickly as they're acquired. They shouldn't stay in wallets for long. After all, they're only there so that your Bitcoin value increases. Bitcoin is still the ultimate goal.

I disagree with you about this, like I always tell people, we should not be so extreme about BTC, we should be very careful about that as we have alternatives that have come to stay. Like the traditional markets, there are many assets to choose from, and so is the situation between Bitcoin and altcoins, it depends on what the investors and traders want.

We should also differentiate between altcoins, there are more performing ones, and once you know how to deal with them, they could perform better than Bitcoin in HODL and other trading investments.

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Quote from: pooya87 on October 15, 2022, 02:09:12 AM

ETH and BNB are both considered shitcoins so you should have included them in the last category not a separate one above that. In fact both of these coins are more centralized than all the other altcoins, for example BNB is 100% controlled by Binance and can be shut down, frozen, reversed, ... if Binance owners decided to or a government ordered them to.

That part about centralization is true, but at lest when compared to stuff like doge or shiba, you're buying a coin backed by something. In case of ETH those are smart contracts built by it, so other coins depend on its health. In case of BNB you're pretty much buying Binance stock. I think both these options are better than actual shitcoins like bitcoin sv so I wouldn't put them in the same basket.

Which altcoins aren't shitcoins in your opinion?

pooya87

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Quote from: darkangel11 on October 14, 2022, 07:18:13 PM

You want to be safe, you buy gold.
You want some risk in your life, you buy Apple stock or Coca Cola like Warren.
You want some more risk, you buy tech stocks.
More risk? Get Bitcoin.
Even more? Get ETH or BNB.
Want to go crazy? Buy some shitcoins,

ETH and BNB are both considered shitcoins so you should have included them in the last category not a separate one above that. In fact both of these coins are more centralized than all the other altcoins, for example BNB is 100% controlled by Binance and can be shut down, frozen, reversed, ... if Binance owners decided to or a government ordered them to.

Daltonik

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Quote from: JamesDaniel90 on October 13, 2022, 01:54:38 PM

<...>
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.

With altcoins, you can both earn quickly and lose your funds quickly, if you keep funds in bitcoin and expect for a long period, then it makes no sense to sell it in the hope of getting an early benefit from buying altcoins. To do this, you do not need to sell your bitcoin, just instead of your regular purchase of bitcoin, try to use your free funds to invest in some promising project and just wait for the exit point, and later check what came of it.

traderethereum

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Quote from: Zanab247 on October 14, 2022, 11:39:35 PM

Since Bitcoin still remain the king among other cryptocurrencies, it will be favourable to invest a huge amount of capital on Bitcoin in this bear season, and invest little on altcoins, because whenever Bitcoin price is rising in the market, altcoins price will be rising too, and whenever the price of Bitcoin is dumping in the market, altcoins price will be dumping, show that Bitcoin teams are more stronger than altcoins teams in the community. I guess, you will not regret making Bitcoin your first choice, because the price of Bitcoin will surely pump higher than others cryptocurrencies for their investors to earn well.

So bitcoin is still the best investment in crypto and the choice of many people to try to get big profits.
But altcoins can also be an investment option but not for the long term because altcoins will be more volatile in price than bitcoin.
In addition, altcoins also follow bitcoin as the leader, which makes many altcoins fall sharply if bitcoin experiences a decline like now.
But it's okay if some people make altcoins their main investment because they think with so many altcoins on the market, they can get bigger profits than investing in bitcoin.

Zanab247

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Since Bitcoin still remain the king among other cryptocurrencies, it will be favourable to invest a huge amount of capital on Bitcoin in this bear season, and invest little on altcoins, because whenever Bitcoin price is rising in the market, altcoins price will be rising too, and whenever the price of Bitcoin is dumping in the market, altcoins price will be dumping, show that Bitcoin teams are more stronger than altcoins teams in the community. I guess, you will not regret making Bitcoin your first choice, because the price of Bitcoin will surely pump higher than others cryptocurrencies for their investors to earn well.

Sarah Azhari

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Quote from: darkangel11 on October 14, 2022, 07:18:13 PM

For me it's very simple.
Altcoins follow bitcoin but bitcoin doesn't follow altcoins, which means that if you put money in bitcoin and it goes down in price your potential altcoin investment would lose you money too, but your altcoin investment can go down on its own as well, even when bitcoin is pumping. Altcoins are just additional risk in an already risky environment.

I just tell my friend about it, if you want to follow, follow bitcoin also not only altcoin because the price is paired with bitcoin. but if he wants the risk, that system always follows what they invest, the more you bought the more you got risk and profit. And bitcoin has become like gold now.

darkangel11

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For me it's very simple.
Altcoins follow bitcoin but bitcoin doesn't follow altcoins, which means that if you put money in bitcoin and it goes down in price your potential altcoin investment would lose you money too, but your altcoin investment can go down on its own as well, even when bitcoin is pumping. Altcoins are just additional risk in an already risky environment.

You want to be safe, you buy gold.
You want some risk in your life, you buy Apple stock or Coca Cola like Warren.
You want some more risk, you buy tech stocks.
More risk? Get Bitcoin.
Even more? Get ETH or BNB.
Want to go crazy? Buy some shitcoins, but don't come crying later. I personally know people who were buying game credists in 2018 for 3-4 USD. Check the price now. I also know a guy who bought HEX for 0.2 USD, it went to 0.5 and I told him to dump it because it's a shitcoin but he was swearing to me that it's going to 1 USD Now it's closer to 0.01 USD than it is to 1.

When you think you lost a lot of money because Bitcoin went down 50%, think of those people who thought altcoins were better. Some of these guys are between -90 and -100%

aylabadia05

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Quote from: Tony116 on October 13, 2022, 10:38:22 PM

Quote from: aylabadia05 on October 13, 2022, 09:19:32 PM

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Bitcoin is for me the best investment option. While Altcoins are full of uncertainty. But I would not advise you to deposit everything to invest in Bitcoin.

If you don't like to take risks and don't have too much experience choosing altcoins, then it wouldn't be a bad idea to invest everything in bitcoin. And if you can hold bitcoin for a long time like 5 years or 10 years, i believe that the ROI that bitcoin brings will not be inferior to what altcoins give you.
Invest all in bticoin, I mean here we are just talking about investing in crypto, not about putting all assets in crypto without outside investments, what that shouldn't be.

Placing everything on Bitcoin is a good idea outside the context of placing all money to invest in crypto.
Personally, I still survive to buy and hold, but not with the hold you mean. I hold with a certain target. It could be that within 1 year my target on Bitcoin has been achieved, so I will do a new planning regarding the next long -term investment on Bitcoin.

Regarding investment in Altcoin, I am still trying to convince myself not to be traveled anymore. I think it's enough time there, except for the type of altcoin like Ethereum.

salad daging

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Quote from: Davidvictorson on October 14, 2022, 11:42:21 AM

Quote from: JamesDaniel90 on October 13, 2022, 01:54:38 PM

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?

Dear newbies, no matter what you think, listened to or watched on YouTube, altcoins will do you dirty stay away from it. Sure we know how altcoins can 100x like crazy in a short time but never forget that what goes up must come down. And newbies easily freak out when price drops and will sell everything in their portfolio in the twinkle of an eye and they will end up selling at a loss. One thing newbies forget is that altcoins can quickly go to zero. The best strategy is to stick with bitcoin. Buying and holding for a long time comes with peace of mind.

Image source: https://twitter.com/Ashcryptoreal/status/1580454115334770688

It needs to be realized that beginners should no longer be involved in investing in altcoins because they just want a crazy increase of 100x expecting a very fast profit even though from panic that's what makes them suffer more after knowing the price dropped drastically and selling cheaper what they bought before, so I don't want them to just be lulled by others like Youtube who might be able to tempt them, but what we felt before was suffering and regret due to trusting in altcoins too much. The example you show in the picture of the LUNA coin really has no value.

I wonder how hard it is to invest in Bitcoin and then hold it? Are they not strong enough to hold on too long and want to go faster with altcoins? I can't help but think if there are thoughts like this, of course I respect their decision but we always recommend the best compared to altcoins.

Bitcoin should be one of the coins that is stored for a long time, it will earn a good profit in the next 4-5 years, the same thing they invest in other assets but Bitcoin is more real even though there is no physical.

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There are too many altcoins, it's a big market out there. With tha majority of them, a person can lose a lot of money. Even some that used to be in the top eventually moved down, some crashed significantly. Bitcoin is the most likely coin to recover, to grow. You're right that realistic returns with Bitcoin in the next couple of years are up to 10x and that probably some altcoins will go beyond that. But those are pretty good returns, and it's at a much lower risk than with altcoins. Plus, it's much less time-consuming because you focus on one coin and you already know which one.

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Bitcoin and altcoins are both profitable if managed properly. Bitcoin can be used for the long term, if you get a good price you just need to hold it and sell when the price target you have set is reached. and to get into altcoins that have fallen to -90% you need to research whether the altcoin has strong development or not for the future, don't just enter, you need to take it into account. Altcoins will indeed provide great returns if they are able to hit their highs again. Bitcoin and altcoins are a great combination, take every opportunity and invest what you can afford to lose.

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Quote from: Esther C on October 14, 2022, 01:41:57 AM

Bitcoins are better for investing while Altcoins are good for day trading but mind you, they can be really volatile and risky.

It can be the other way round, whatever suits you and give your profit.

If you are an experienced day trader you can make money on both bitcoin and altcoins, so you are only half correct. But it is true that both altcoins and bitcoin are volatile and risky, but that is again true for any other speculative market like stocks, metals etc. So you have to make the decision of watchig the older charts and observing for how long an altcoin actually is able to make a mark on the market. Most of the newly launched ones get washed away in one year while others have been running for quite some time.

In this manner, you can make a decision on which altcoins to buy when you are done buying bitcoin. Your first choice should be bitcoin though.

Davidvictorson

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Quote from: JamesDaniel90 on October 13, 2022, 01:54:38 PM

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?

Dear newbies, no matter what you think, listened to or watched on YouTube, altcoins will do you dirty stay away from it. Sure we know how altcoins can 100x like crazy in a short time but never forget that what goes up must come down. And newbies easily freak out when price drops and will sell everything in their portfolio in the twinkle of an eye and they will end up selling at a loss. One thing newbies forget is that altcoins can quickly go to zero. The best strategy is to stick with bitcoin. Buying and holding for a long time comes with peace of mind.

Image source: https://twitter.com/Ashcryptoreal/status/1580454115334770688

ajiz138

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What we know is that altcoins provide quite large profits in multiples, especially during the altcoin season (most people say) I know you will be tempted by the rapid increase in altcoins between 10x-100x but if you have entered then big risks will await you usually altcoins will be thrown away 90% of the market price which suffers a lot but I say altcoins will not give profits all the time and Bitcoin is better as a good tool where this one coin becomes long term stability.

It doesn't matter if you choose it too and convert it to altcoin it's your responsibility to make an even more valuable experience in altcoin, but I always remind altcoins will still be shitcoins that's my view and no longer in my portfolio.

I am more comfortable with the practice of DCA and Buy Dips, this is my solution to prevent from going to altcoins again, I see what I felt before focusing more on Bitcoin.

Topic: Bitcoin vs Altcoins? - page 3. (Read 1062 times)