Topic: Bitcoin vs Altcoins? - page 4. (Read 1062 times)

The problem is that altcoins don't go up 20x-50x in a few years, they do that in a few days or weeks when they are getting pumped. Bagholding them for years hoping that some day someone comes along and pumps them that much is not going to end well as the history suggests.

It was not advisable to keep and invest in Bitcoin alone but to spread our funds. Yet, I put a huge amount into Bitcoin considering its profitability and we know that this project is the most trusted coin in the market where we can assure ROI. And for the huge number of altcoins now in the market, I consider those in the top 10. Maybe I was wrong but I neglect to buy new coins considering scam issues that mostly happen to them. As I bought these coins, I'd never thought about 20-50x, what I just need is to have a favorable profit when the time has come to sell them.

Allow me to share some of my personal experience.
Since I got into Bitcoin and started to hold some Satoshis I felt tempted to swap some of my satoshis for altcoins which were very attractive at the moment and seemed to have a use case and a reliable team behind, I am not talking about Ethereum or Monero, I am talking about tokens which I doubt anyone here in this thread have ever read about, related to NFT's, Opensea, etc.

While I was deciding whether to put money in those tokens or not the prices continued to increase more, so I ended up not buying in, because I thought of the commissions of the transactions and the fact I was late to get a good position, also there was some laziness.

In the end, almost 100% of the times I was seriously thinking to buy those tokens they ended up losing a lot of their value in a few months, about 80-90%. Sure, Bitcoin has also lost some value these last months but there is a big difference between the future those tokens may have in comparison to the future of Bitcoin.

In the end OP, a handful of satoshis are worth more than a million of a shitcoin. That is the lesson I learnt.

And while you can risk some money in altcoins if you want, I would recommend you to stick to Bitcoin (perhaps some top 15 altcoins) if you want to sleep better.

Just my opinion. 

Actually, Bitcoin is the same if you have bought at a high price last year for investment, because you know what the highest price of Bitcoin was last year and the price of Bitcoin at this time? Just because Bitcoin is always more suitable for investment in the long term, it's definitely not wrong if you want to prefer Bitcoin in terms of investment over altcoins. Moreover, the future of Bitcoin is also much better than altcoins which can sometimes be deleted by certain exchanges if there is no more trading volume.

I agree with your opinion, friend, indeed, investing in altcoins has a very high risk, and I used to invest in altcoins and I experienced big losses, so in my opinion investing in bitcoin is better because the risk is not too high. Indeed, investing in altcoins if the profit is very large, but if you lose it will result in a very large loss as well.

Well I would still want you to go into more research concerning crypto's and bitcoin maybe you are just taking it for a lighter note, because i can't still believe if those who have been in cryptospace for the past 4 to 6 years would for any way trying to go into altcoin investment after what happened those years and today were most of altcoin dip down 80% and never came back again. Those altcoin that goes 10x, 20x even 50x sometimes can be considered as pumped and dumped so if you got engaged with such coin what could be your fate at that point, would you come back lamenting those coin? No because you always think of the benefits aspect without considering the risk involved and as a matter of fact is somehow dangerous to venture into only altcoin rather than bitcoin.
you can make your portfolio to be 70% btc and 30% altcoin to minimized the risk involved.

I'd go to Bitcoin as always if you wanted a sure profit in the long run. Altcoins that can give you profits in the long run is very very hard to find, most of them are just shitcoins, if you want to be a bag holder of those things, it is your choice. Based on my experience, no matter how good their goals are, in the end, they are the winners and investors are left hanging with their broken promises.

Bitcoin is a sleeping giant when the market is bearish, but you could assure yourself that when the bull market comes, you'll see a great return.

If we compare bitcoin and altcoins, I choose bitcoin because the profit potential can be greater than altcoins. But I also use altcoins as an additional investment in addition to using bitcoins as the main investment. For me, investing in altcoins would be a short to medium term investment, while bitcoin would be a long term investment. And if we look at the historical movement of bitcoin, the price will usually start to increase in the 3rd year after the halving so after the halving to year 2 or 3, it will be a position to buy and hold bitcoin. While altcoins will be in between, before or after the halving to increase again or even some new altcoins will be able to increase in a year or two. Maybe I'm wrong but at least that's what I got.

No one forces anyone to hold Bitcoin or Altcoins, because that's their business with whatever asset they choose, at least I can appreciate they want to have Bitcoin or Altcoin, at least everyone understands the risks of these two assets, but bitcoin assets more promising than assets for Altcoins, because the risk of losing or being valuable or not in the future depends on the situation, but if anyone holds Bitcoin then they will become billionaires in the future, because here we all know that bitcoin assets are superior to assets Altcoins, because Altcoins are still dependent on Bitcoin..

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

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.

Well, Alt coins are very broad.... you literally talking about 1000s of Alt coins and many of them are pump&dump schemes and shitcoins. So choosing the Alt coin that might yield a 20x or 50x return on your investment... is like searching for a needle in a haystack.

Bitcoin has shown that it can give huge profits in the long term, but most people are greedy and they are looking for quick ROI ...over short periods. (mostly because they want to have liquidity with their investment capital) 

You're investing in Bitcoin for stability anyway, not for the increased gains. Compared to people who invested early on in Bitcoin and had to shoulder bigger risks, people like us right now who know Bitcoin is pretty stable as a long-term investment have higher confidence levels imo and has consistently brought good results which leads to pretty small (but still good) gains in the long term.

Altcoins today are like the Bitcoins of the early age in terms of risk, they do indeed bring bigger returns but they also bring about bigger risks. I wouldn't really look for altcoins in the long term, some good coins can probably get 10x, 20x or more, but they only last pretty short and never really happen after that point.

It is your decision, we know there will be altcoins which will outperform bitcoin, the question is if you have the skill to pick the altcoins which will do this? If you have the skill then by all means buy those altcoins, hold them and enjoy your profits.

But if you do not have this skill, and if you cannot do it you do not have to worry as you are not alone on this, then it is too risky to pick that strategy and you will obtain a better outcome by just buying bitcoin.

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 don't disagree with altcoins at all. But be careful with the altcoins you select, I highly suggest buying high market cap altcoins, and avoiding mid to small marketcap altcoins.
And another thing is, Bitcoin is already proven over time, since the beginning, Bitcoin never disappoint us. So for me, always have Bitcoin in your bag, even you can say that the ROI is very low for Bitcoin now, but as long as you are safe, it's ok.

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.

Problems with altcoins are: You can get high ROIs with them, higher than with Bitcoin in a few weeks, a few months; but when the trend is broken, you will lose more with altcoins. Another problem with altcoin investors is: they believe too much in altcoins and they hesitate to cut loss, to exit early. Therefore, when they get loss with altcoins, it should be -50%, -90% or even higher.

Bitcoin and altcoins have correlation in market capital flow that moves around between Bitcoin and altcoins. It is reason we have Bitcoin season and altcoin season.

In terms of potential ROI, especially if you are looking at the short term, I have to admit that at this point in time certain altcoins are definitely better than Bitcoin. But, as I've always been saying, it's like finding a needle in a haystack. How many altcoins do we have now? How many of them have the potential to x10?

Good luck hitting the right target. I'm not saying it's not possible, but I guess the possibility of you ending up having several dead altcoins in your wallet is much higher than you ending up picking the best ones.

I'm not discouraging you, by the way. It's always better to explore further and do research.

It is true that altcoins can be better than bitcoin, which can yield 20 times, 50 times or even 100 times profits but the problem is that we never know and are certain which alts will do it. We focus on the top 10 altcoins to reduce risk but they are not as safe as bitcoin offers. Do you remember Luna? being one of the top 10 coins with a market cap of $60 billion and collapsing in less than 2 weeks, it can be said that Luna reminded us of the fact that not every top coin is safe. In all market cycles, you can see the only thing is bitcoin is always on top, it always bounces back every down cycle, and the rest is still uncertain.