Topic: Bitcoin vs Altcoins - page 5. (Read 1522 times)

A lot of people thinks like you and look for the safe way to go with altcoins, and as you mentioned, ETH is one of those good options. But i like more the high-risk options, those shitcoins who can bump 1000% in 24h. Is hard to chase them but if you ride the right wave then you will find a fast way to multiply your cryptos. But remember, high risk can make us lose big too. So, play it smart.

If you already know the history of Bitcoin and the greater support for Bitcoin from the Bitcoin community itself, why do you even say Altcoins could be an interesting way to make quick profits? Even though the potential of altcoins themselves is no better than the potential that Bitcoin has shown to everyone through the market. So I wouldn't think any altcoin could be better than Bitcoin, even though altcoins can create opportunities for quick profits, they also have opportunities for losses that are also much faster.

Talking about guaranteed price increases, there is always no accurate certainty, but if you have seen and felt how Bitcoin develops and increases through a four-year cycle. You should also be aware that Bitcoin still has the opportunity and guarantee of price increases in each cycle, although not in a timely manner, because shifts in predictions definitely occur through conditions and situations that are always different in each cycle. So don't focus too much on altcoins if you are truly aware of the goodness of Bitcoin that you have seen with your own eyes.

Altcoins can be an attractive way to make a quick profit, but the risk of loss is very high. If you are looking for a safe and long-term investment, Bitcoin is the better choice. Bitcoin is a cryptocurrency with a history of stable performance and is supported by a strong community. Bitcoin also has a much larger market capitalization than any altcoin, which makes it less volatile.

Of course, there is no guarantee that Bitcoin will continue to increase in price in the future. However, Bitcoin is a much safer investment than altcoins for those looking to invest for the long term.

When talking about investing in altcoins, ETH might be the safest option but I don't think BNB is still a safe and secure option for us. I think you also know about the recent news of CZ, you should reconsider choosing BNB as the altcoin you will buy.

Additionally, investing in altcoins is not as bad as many people are saying. If we are careful in our research and selection, finding hidden gems is not too difficult . As I see it, too many people are adopting the outdated mindset of only investing in bitcoin and staying away from altcoins . Meanwhile, altcoins are bringing good profits in the market.

I would never compare bitcoin to altcoins. Since Bitcoin halving will happen in 2024, it is likely that Bullran will start in 2024 or 2025. Bitcoin halving will happen next year, right now I think Bitcoin should be invested. I am not much interested in investing in alt coins. Because investing in altcoins can expect high profits quickly but carries high risks. I will keep 90% of my investment in Bitcoin and think it is appropriate to invest in Bitcoin as well as 10% in Altcoins. I will invest some amount in BNB and ETH among altcoins.

If you're thinking of investing in altcoins instead of Bitcoin, you might be wrong. Bitcoin is the only safe place to invest and by investing here you may not get profit in short time but after long time you will get double profit for sure. But it would be best if you invest some of your money in altcoin and hold the rest in bitcoin. Although I would say invest 75% bitcoin and 25% altcoin it will be the best investment and if you take this approach you can earn a lot of profit. Investing in altcoins should definitely be done in those coins that will provide future profits, no scams, invest in high volume coins, but you can stay in the risk-free and safe category.

Those who are called leaders are still leaders and cannot be dropped in class. At first glance, BTC seems expensive to own, but in terms of quality, it is very proven here. But if Atcoins especially untested if the price goes down, we will always be in an uncomfortable position and that is the fundamental difference.

Thank you for your response @Dr.Osh, which matches my initial understanding.

We can both make money if we invest in Bitcoin or altcoins. And it all depends on the kind of altcoins we put our money into that will determine how much we are going to make. Cryptocurrency market is volatile and we need to invest what we know we can afford to lose. This is one of the information that is always given to newbies so that they will not be too greedy emotional and out their money in a projects that might end up becoming rug pull. Bitcoin is more safer than the altcoins market but we can as well make more profits from the market than Bitcoin which also depends on the kind of altcoins we put our money into to make profits.

I'm holding polygon now and, am trying to add BNB to it so that I will have something good to earn when the price increase higher in the market because their teams are good team and they are capable to make the coins price to favour their customers. Since the old CEO of binance has be resigned, it will give their customers opportunity to earn well in this season because he will act in a way people will like to invest more in BNB.

BTC is good for long hodling, because the more you hodl it long the more you have the opportunity to earn huge amount of money from it, but I prefer altcoins because am use to short term hodling based on some family issues I love to solve immediately it come up.

I also invest a small portion in altcoins, but 60/40 is quite risky for me, I wouldn't do it, but if that's your plan then you should go for it as long as you know what you're doing with your money.

But I still want to remind you again, high profits come with high risks. Even the top altcoins don't guarantee you anything like bitcoin guarantees you. Don't forget the story of Luna when it was also one of the top 10 altcoins in 2021 but it only took 2 weeks to return to the starting point and thousands of investors lost heavily.

I guess we are still people who are too optimistic about market analysis because every analysis is a guess and there's no way it will be accurate.
Having said that, the 2024 market is guaranteed to impact the altcoin market but not every altcoin will join the train and those that always follow the Bitcoin market trend will be positively impacted.
In addition, there's the possibility that most crypto that has nothing to offer will survive the next year's market.

There is no such thing as accurate analysis or predictions, of course you still need to follow the market direction. But whether 2024 altcoin prices are guaranteed to rise, no one knows for sure. The main factor is that if demand remains the same as today then in 2024 it will increase by 50%. And if demand soars, the market will respond to rise higher. The next question is whether demand remains or even decreases. If interest in altcoins decreases by 50% then altcoins will not go anywhere. What other factors make demand increase or decrease? Yes, of course market sentiment because it is difficult for altcoins to separate themselves from sentiment. Where negative sentiment will make prices fall and positive sentiment will make prices rise.

It's normal to see to few altcoins reach ATM especially when the price of Bitcoin start a bullish sentiment that is not the reason to downgrade Bitcoin occasionally some altcoins do hit ATM this would absolutely continue in as much as there are new investors into the project and the project serve as a solution to a problem, therefore  before TAO, KAS, BGB, TIA etc you mentioned reached ATM there are other altcoin that had achieve that feat with reference to charts of all the altcoins in Binance, however investors of those altcoins should count themselves very lucky because there are plenty of shit altcoins in the crypto market who got some investors too unfortunately ended up as failure.

@Op Those who hold altcoins must face losses. But altcoins are most likely to be wiped out if they hold on for a long time. Holding an altcoin will make investors gain for a while, and for the most part end up with a loss. 

But the longer you hold bitcoins, the more you will benefit. Because the price of Bitcoin always shows signs of upward movement. Bitcoin halving in 2024 will lead to a rapid price increase due to which many are holding on to Bitcoin. If you hold Bitcoin for a long time, the risk will be much lower and the benefit will be higher. I would recommend keeping bitcoins away because I have held bitcoins myself for a long time. Bitcoin, the real people's currency, is loved by everyone these days.

  Very hard to say in such an unregulated environment like crypto ecosystem but making use of the available tool, we look at the Cryptocurrencies that have a strong background, working and existing product, real world applicable usecase, strong and experience team. Coins like Ripple, ethereum, veil, litecoin, bnb etc can survive any ugly crypto condition. Remember always DYOR.
   Ripple Lab’s XRP token is among the top digital currencies in terms of market capitalization, and its popularity continues to grow among investors. It’s one of the most affordable altcoins, and the growing adoption of the Ripple network by banks for high-speed, low-cost international payments means XRP, the network’s native currency, has great potential. Litecoin’s strong following also gives it a lot of potential. Its affordable price relative to bitcoin and Ether makes it one of the most accessible major altcoins. Litecoin also has great potential as a medium of exchange considering its adoption as a payment option by many businesses, including furniture retailer Overstock.

There is no comparison between bitcoin and altcoins and also there is no competition of bitcoin with other coins because btc occupy a top position in all cryptocurrency coin hence it is termed as king in cryptocurrency world. As a king order to follow his role same bitcoin do because whenever changes occur in market then the reason behind this is the change in bitcoin worth.

Everyone will heard that through altcoins alteration there is no impacts on bitcoin even some altcoins lost from cryptocurrency world but bitcoin is ineffective. If bitcoin goes in dip or boost in price then definitely altcoins will follow this similar trend so altcoins can never get the position of bitcoin.

Indeed, investing in Bitcoin alone is safe, but by choosing altcoins we will get bigger profits. for me it would probably be bigger to allocate to altcoins with a division of 60% for bitcoin and 40% for altcoins which I would diversify into several top altcoins, and a little capital for new altcoins which I think have good prospects, so I hope they are still in safe category, even though you dare to speculate with higher risks

Altcoins investors are mostly short term and majority of Bitcoin investors and long term because they know that way they optimize the profitability they can get out of Bitcoin ant to a very far extent it's got some solid and sustainable frame which can be trusted as compared to certain Altcoins which could possibly come up with issues in the nearest future and in some cases they even get dumped. But with Bitcoin you get some level of certainty with how well your investment is safe especially in the long term even if we know not everything last for ever but there's some credibility with Bitcoin.

And that's why Bitcoin remains the top coin and been followed by others, this is due to the credibility it has gotten over the years resulting from it's consistency shown over the years and that's why it's always possible to see Bitcoin investors who don't have altcoins but most altcoins investors mostly add Bitcoin to their portfolio.

well, I think, bitcoin and altcoins are not comparable. In fact, no matter how good we talk about altcoins, in the end altcoins will follow in Bitcoin's footsteps. We know that currently ethereum is the best altcoin that has high volume, and has benefits that are very widely used. However, as good as ethereum is, it is not enough compared to bitcoin, and in fact ethereum is still related to following bitcoin.
However, the potential of altcoins is quite good when the crypto is in a bull market, in fact, many of us include popular and unpopular altcoins in their portfolios instead of bitcoin. However, that alone is not enough to compare bitcoin and altcoins. I'm pretty sure that almost all crypto holders have altcoins in their wallets, but try to make bitcoin a priority.

What you said made me flash back on how people fake it here, I think people have started to wake up and be wise. They have started viewing Bitcoin and altcoins as investment opportunities rather than pitching them together as rivals where they would support one and invest in it and shun others and also advise people to shun them. Strangely, most of these people misleading others are actually investing in altcoins but would be saying in the forum that it's all Bitcoin alone, but in practice, they might have more percentage of altcoins than Bitcoin in their wallets, they only faked it.

But for people like us who always advice rightly and tell it to their face what's to be done rightly is now making people know how to invest rightly. Fine, Bitcoin is still the best of them all, nevertheless, the size is heavy already and where some altcoins might be earning you 10 times easily, Bitcoin might still only double it for you. So as a smart investor, why not invest a certain amount in Bitcoins and invest the rest in altcoins so that you take advantage of the two? A 30% investment in Bitcoin and a 70% investment in altcoin can't be a bad idea in my thinking. But one must be very careful as well because it's not all coins/tokens that are worth the investment. Just find the right project that is popular and reasonable enough, and investigate the performance, community and projects behind them before committing your money.