Bitcoin vs Altcoins - page 7. | Bitcointalksearch.org

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Quote from: goldkingcoiner on November 20, 2023, 11:41:35 PM

I would not even go as far as to compare Bitcoin with altcoins, lol...

Because it does not worth to compare them as no reason to compare Diamond and Coal.

Quote

I admit to trading altcoins to leverage my Bitcoin sometimes but I deeply believe that the only reliable and trustworthy store of value is Bitcoin.

Altcoins only less risky in bull market and when Bitcoin starts to show signals of a bear market, it's time to cash out all altcoins and don't touch them for about next 2 years. Why next 2 years but not shorter? Because a Bitcoin bear market usually last 2 years and the third year will be time for warm up and recovery before a next bull run.

We are counting down to the next halving and next bull market.

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Quote from: Palazodeen on November 18, 2023, 01:09:41 PM

The cryptocurrency landscape is gradually taking a new turn and am loving it already. It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

TAO, KAS, BGB, TIA among other numerous altcoins are among those that have recorded ATH recently even as BTC struggle to hold up the $36,500 resistance.

Among other altcoins that have been impressive are ORDI, SATS, VMPX, WOJAK and PEPE1.

Fortunately there is an ongoing event for new users on Bitget where there is $10,000 prize pool in the latest Hotcoins season 5 edition.

As we look forward to the anticipated bullrun come 2024, what altcoins are you holding and why do you think they will bring more returns compared to others?

I would not even go as far as to compare Bitcoin with altcoins, lol...

I admit to trading altcoins to leverage my Bitcoin sometimes but I deeply believe that the only reliable and trustworthy store of value is Bitcoin.

But altcoins have fascinating functions which the blockchain of Bitcoin does not support. DeFi being the most interesting one. And if you go by that popularity as a reason for investment then at least pick only from the most popular altcoins which rank in the very top on coinmarketcap. The lower in rank you go, the riskier the investment becomes, not only because the project might be bad but because of low liquidity, you might never be able to retrade your BTC back (or at least a part).

All the altcoins you have mentioned, are considered by myself as extremely risky. I would keep away.

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Quote from: Palazodeen on November 18, 2023, 01:09:41 PM

As we look forward to the anticipated bullrun come 2024, what altcoins are you holding and why do you think they will bring more returns compared to others?

Holding Shiba Inu for a long time when this type of coin was hyped, I ignore it because altcoins can never be compared to Bitcoin, even though the coins you mentioned reached the latest ath even though Bitcoin is still at a price that is not too high then it is not a guarantee that the altcoin will reach its latest ath again when the market enters the bull run period, I actually predict that many will be trapped in the altcoin and forced to sell because its movement in the bullish period will not be comparable to the movement of Bitcoin because during bullish times it is Bitcoin holders who will enjoy profits while there are only a few altcoins and unfortunately no one can correctly guess which altcoin can provide profits at that time.

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Quote from: YUriy1991 on November 20, 2023, 09:54:00 PM

Quote from: Palazodeen on November 19, 2023, 01:29:18 PM

You are certainly among the few that understand my perspective. ETH is an altcoin with newly $300M mcap and some people still think less of it. As a matter of fact, ETH started the 2020 bullrun before BTC followed up and we might see a repeat of it in the next bullrun but it might not start with ETH this time. There are several altcoins with good utility and fundamentals but perhaps we are too sentimental to see it because of our interest in BTC. No doubt no altcoins can contend with BTC but we should also remember BTC didn't just became big overnight. There was a time when many people doubted it and wouldn't buy it despite been less than $1. People categorizing altcoins as shitcoins obviously don't know anything imo because shitcoins are memecoin that follow hypes unlike tokens like ETH, KAS, BGB, SOL and some unique altcoins that have amazing utility

What you need to know is that price is not a benchmark for saying that a project is very fundamental. You know how speculative this market is, both now and in the future. There is a lot of speculation going on so for altcoins don't be too optimistic in seeing things. Whether you admit it or not, the most optimistic is none other than BTC.

This is a market rife with manipulation, so looking at the temporary value of some altcoins and assuming they are good is a pretty naive way of thinking. I remember before Luna collapsed, its capitalization at its peak was more than 40 billion USD, but it collapsed quickly in just 2 weeks and swept away everything of investors. Therefore, do not look at the capitalization of a project to evaluate its quality and future.

I don't object or hate people who invest in altcoins because they are actually more profitable than bitcoin these days. But we should only consider them as short-term speculation, never believe that they will be the future, will be applied in practice...They are suitable for speculation and should be avoided once profitable.

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Quote from: Palazodeen on November 19, 2023, 01:29:18 PM

You are certainly among the few that understand my perspective. ETH is an altcoin with newly $300M mcap and some people still think less of it. As a matter of fact, ETH started the 2020 bullrun before BTC followed up and we might see a repeat of it in the next bullrun but it might not start with ETH this time. There are several altcoins with good utility and fundamentals but perhaps we are too sentimental to see it because of our interest in BTC. No doubt no altcoins can contend with BTC but we should also remember BTC didn't just became big overnight. There was a time when many people doubted it and wouldn't buy it despite been less than $1. People categorizing altcoins as shitcoins obviously don't know anything imo because shitcoins are memecoin that follow hypes unlike tokens like ETH, KAS, BGB, SOL and some unique altcoins that have amazing utility

What you need to know is that price is not a benchmark for saying that a project is very fundamental. You know how speculative this market is, both now and in the future. There is a lot of speculation going on so for altcoins don't be too optimistic in seeing things. Whether you admit it or not, the most optimistic is none other than BTC.

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Bitcoin is the king among other cryptocurrencies in the market, and you need to use Bitcoin price to determine what will happen in other altcoins price in the future. I have invested in Bitcoin when the price was around $23,542 which I have hope that I will achieve something altcoins cannot give to me when the bullish season appear, because I have tested altcoins that made me to believe that whenever the price of Bitcoin is rising other cryptocurrencies price will be rising too. I think, Ethereum and XRP are the two altcoins I used little money to purchased few months ago, and I will release the altcoins when the price hit higher any moment from now but I will not touch the Bitcoin till 2025.

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Quote from: Palazodeen on November 18, 2023, 01:09:41 PM

The cryptocurrency landscape is gradually taking a new turn and am loving it already. It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

TAO, KAS, BGB, TIA among other numerous altcoins are among those that have recorded ATH recently even as BTC struggle to hold up the $36,500 resistance.

Among other altcoins that have been impressive are ORDI, SATS, VMPX, WOJAK and PEPE1.

Fortunately there is an ongoing event for new users on Bitget where there is $10,000 prize pool in the latest Hotcoins season 5 edition.

As we look forward to the anticipated bullrun come 2024, what altcoins are you holding and why do you think they will bring more returns compared to others?

First of all altcoin cannot be compared with Bitcoin, because the characteristics of Bitcoin make it stand out among all cryptocurrencies. Bitcoin is on the support of 36500, if it goes down from here there is no problem, but this is another opportunity for all of us to buy Bitcoin at low price. People who have capital are happy when the price of Bitcoin goes down because it gives them the opportunity to make new investments.All the coins you mentioned are currently giving good returns, but you need to do proper research on them, because there are some that have no future.

There is no doubt that we are all waiting for the bull season, because those who bought at a good price in the bear season are likely to get a good profit in the next season. I have half of my capital in bitcoin, while also investing in altcoins including some top cryptocurrencies and some newer cryptocurrencies, and I am sure it can give a good profit in the future, because their team is active, bringing new updates and doing different partnerships,So they have more chance of profit.However, out of all these I think Bitcoin is the best investment.

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Quote from: oktana on November 18, 2023, 01:44:45 PM

Quote from: NeuroticFish on November 18, 2023, 01:29:17 PM

Quote from: Palazodeen on November 18, 2023, 01:09:41 PM

among other numerous altcoins are among those that have recorded ATH recently even as BTC struggle to hold up the $36,500 resistance

Altcoins are good and profitable for the few who understands them and, much more important, who know when to sell them.
On the long term most altcoins simply go down and a few better ones may remain profitable against dollar, but, by far, no match for Bitcoin.

So yeah, I agree with the previous answer: are you joking, right?
And even more: if you want to ask about altcoins, please do so in the altcoins related part of the forum, not here.

Very true. Knowing when to sell an Altcoin is the main deal. One of the challenges with the Altcoin ecosystem is that there is this constant creation of new cryptocurrencies and it makes it more difficult for people to know which is more reliable or let’s say “safer”. There are alts that have and will make it over the years but as time passes many will be shaken off back into the dust. Bitcoin on the other hand is just one and hence its uniqueness. It’s less likely to fail you unlike these alts.

This is also the reason why it is hard to believe in New project now that will surely progress because
of everything in the world has already in existing here in cryptospace so what are the new one that they can offer? this is the
problem when we already reached the system and the competition only runs if who can serve better and not because they are unique .

Safe investing is still exist but for ranking coins New project offers best return but the
assurance is what we need and we can only have them having investing in older coins that have proven their worth all these years.

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Quote from: OcTradism on November 20, 2023, 09:02:06 PM

Quote from: kawetsriyanto on November 20, 2023, 04:51:32 PM

It is just proven that altcoins have a higher risk. Sure, not all altcoins are bad, but no doubt that investing in altcoins will be riskier. If we choose random altcoins carelessly, the worse scenario that we can get is that we lose all our money because the altcoins are scams. Meanwhile if we hold Bitcoin, we can be confident that Bitcoin will always exist in crypto space.

People can know about risk or can not know about risk of altcoins but a bigger fact is they see altcoins are more attractive and more promising than Bitcoin to help them increasing their portfolio value.

With this thinking, they easily ignore risk of altcoins and invest in altcoins. After that first step, investing money in altcoins, they will stuck more in altcoins and it's hard for them to stop. They are lucky if they choose altcoins like Ethereum, Dogecoin to invest because with those altcoins, they got bigger portfolio value if they hold those altcoins.

They are unlucky or can be called stupid, if they invested in other altcoins that are now dead or even died years ago.

If investors want something safe or safest in cryptocurrency market, it's Bitcoin. Not safest but safe, it is Ethereum.

Actually, if we talk about technology, a coin that brings real convenience and practical applications, bitcoin is the top candidate. And since it is a decentralized currency created with a clear purpose and the demand for it will always be there, it is truly the safest coin. But if we are here for profit then we can consider investing in altcoins as we all see that altcoins are giving better returns despite having greater risks. In investing, if you want high profits, you must accept high risks. Besides ETH, I see ADA, XRP...all are altcoins that can bring us significant profits. But as I said, it has greater risk than bitcoin so we need to consider carefully.

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Quote from: kawetsriyanto on November 20, 2023, 04:51:32 PM

It is just proven that altcoins have a higher risk. Sure, not all altcoins are bad, but no doubt that investing in altcoins will be riskier. If we choose random altcoins carelessly, the worse scenario that we can get is that we lose all our money because the altcoins are scams. Meanwhile if we hold Bitcoin, we can be confident that Bitcoin will always exist in crypto space.

People can know about risk or can not know about risk of altcoins but a bigger fact is they see altcoins are more attractive and more promising than Bitcoin to help them increasing their portfolio value.

With this thinking, they easily ignore risk of altcoins and invest in altcoins. After that first step, investing money in altcoins, they will stuck more in altcoins and it's hard for them to stop. They are lucky if they choose altcoins like Ethereum, Dogecoin to invest because with those altcoins, they got bigger portfolio value if they hold those altcoins.

They are unlucky or can be called stupid, if they invested in other altcoins that are now dead or even died years ago.

If investors want something safe or safest in cryptocurrency market, it's Bitcoin. Not safest but safe, it is Ethereum.

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Quote from: gunhell16 on November 20, 2023, 04:37:32 PM

You know, dude, whether altcoins or bitcoin have the same risk and both are volatile as well, so don't say that it's not good to invest in altcoins

I don't think so. Bitcoin and altcoin have a seriously different level of the risks. When you hold Bitcoin, it should last a long time with no doubt. Since it was created several years ago, there is no issue that proves Bitcoin to disappear. While for altcoins, we already many times that altcoins can disappear or delisted from exchanges.

Quote from: gunhell16 on November 20, 2023, 04:37:32 PM

There are some altcoins that are often used by scammers to prey on investors here in crypto, but that does not mean that altcoins are bad; they are not.

It is just proven that altcoins have a higher risk. Sure, not all altcoins are bad, but no doubt that investing in altcoins will be riskier. If we choose random altcoins carelessly, the worse scenario that we can get is that we lose all our money because the altcoins are scams. Meanwhile if we hold Bitcoin, we can be confident that Bitcoin will always exist in crypto space.

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Quote from: Palazodeen on November 18, 2023, 01:09:41 PM

The cryptocurrency landscape is gradually taking a new turn and am loving it already. It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

TAO, KAS, BGB, TIA among other numerous altcoins are among those that have recorded ATH recently even as BTC struggle to hold up the $36,500 resistance.

Among other altcoins that have been impressive are ORDI, SATS, VMPX, WOJAK and PEPE1.

Fortunately there is an ongoing event for new users on Bitget where there is $10,000 prize pool in the latest Hotcoins season 5 edition.

As we look forward to the anticipated bullrun come 2024, what altcoins are you holding and why do you think they will bring more returns compared to others?

For now, I still don't see altcoins that have high potentials to grow and could be an asset for long term hodling, except for Ethereum that has established his value for years now. I'm more on focused on bitcoin accumulation most especially that the market is looking more positive due to the incoming bull run by next year.

Bitcoin still dominates the market until this time, and no existing altcoins that can beat Bitcoin for now. But to be honest, I'm open for altcoin investments in the future as long as I can prove the worth of these coins, and as long as they're not into pump and dump scheme just like majority of the altcoins in the market.

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Quote from: Out of mind on November 19, 2023, 11:30:36 AM

I think altcoin should never be used for investment as it can be a scam any time. We have seen many altcoins turn into scams in the past, especially good projects like Luna FTX etc died. If we use and invest Bitcoin, it will be the best and safest coin for us and the most to earn money. I will never invest in altcoins because I believe they can be scammed at any time except for some coins. But for BNB and ETH good investment it is likely to be a scam and their future will be good so if you invest here you will have no fear of loss. And the best thing is Bitcoin where you have security of your money by investing, and it is possible to earn a good amount of money from it in the future, so BTC is the suitable investment coin.

You know, dude, whether altcoins or bitcoin have the same risk and both are volatile as well, so don't say that it's not good to invest in altcoins; it's not because you think FTX is dead because what happened here is the same with all altcoins. I think that your view and belief are wrong.

There are some altcoins that are often used by scammers to prey on investors here in crypto, but that does not mean that altcoins are bad; they are not. I hope that sometime we will adjust what we say in the forum so that the other will not be deceiving to those who still have zero knowledge of cryptocurrency and Bitcoin. Because for me, altcoins and bitcoin are both good; we just need to know how to look for legitimate coins in this business.

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Quote from: philipma1957 on November 18, 2023, 06:45:43 PM

~snip~
Why isn't it about Bitcoin's

the title is BTC vs altcoin's

So it is at least 50% BTC and since BTC is more than 50% of the market cap I think 54-56% it is mostly about btc.

It's because the same of the older topics that I have seen moved in the altcoin discussions. But it is staying here so I guess mod have already decided to keep it here on this section.

Quote from: Palazodeen on November 19, 2023, 02:41:30 PM

Not all altcoins are pump and dump token, many do really have real world use cases while some have perculiar function they perform I their ecosystem.

That's true that many of these altcoins are not the typical ones that we know of. It's okay to be a Bitcoin maximalist and we're all agreeing with any argument that will be with against altcoins. I am for the tip to say for the newbies to invest only in Bitcoin first and if they want to continue going on and want some alts, they should never stop learning and researching.

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Quote from: lombok on November 19, 2023, 08:07:14 AM

Quote from: Latviand on November 19, 2023, 07:23:35 AM

From what I can understand from this is that altcoin can't recover at all whenever the bear season for crypto arrives and that bitcoin's the only one that can recover. The part about most altcoins being only created to do a pump and dump scheme is both a curse and a blessing because as you've said you can make profits out of it if you know how to get into them at such an early stage that you can buy at their so-called Genesis and then wait a bit for them to go high but the problem with this is that not all altcoins are like these but then again this is what makes altcoin still in existence. I wouldn't say that they're equally profitable because you're more likely to lose money when you invest in altcoins hoping to hit the one that's going to pump and then dump.

Correct. Not all altcoins are able to return to the highest price/ath they have made, but there are also some that are able to create a new ath. Unfortunately, most traders or investors think that all altcoins will be able to rise again after experiencing a sharp decline during the bearish season, but what happened did not match expectations.
In contrast to Bitcoin which is very capable and optimistic in terms of price recovery until it recorded the latest ATH. In altcoins, if investors or traders do not buy altcoins at the base/bottom price then the profit generated is not much, and even that requires research, complex analysis and the selection of the altcoin itself. If it ends up being a scam, it will only waste time and money.

Why is ETH, SOL and even XRP recovering despite the fact that the bullrun is not even here. I think you just have to wait for the next bullrun to see what happens. Incase you dont know, altcoins are what have kept the crypto industry afloat because most people can't afford to buy BTC and if the 49% of the total mcap belonging to altcoins available in the space is removed, BTC will trade at less than $5,000. Not all altcoins are pump and dump token, many do really have real world use cases while some have perculiar function they perform I their ecosystem.

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Quote from: CageMabok on November 19, 2023, 01:49:55 PM

Quote from: WillyAp on November 19, 2023, 12:23:04 PM

Not all alt coins are the same, have a look at LTC.
exchanges are often hacked anyway and some are even set up to fraud once the price goes down.

What is there to look for in LTC other than the price chart running very similar to Bitcoin's chart in the market? I only see price stability and stability in LTC even though LTC is not a stable altcoin, but LTC could be an additional option for those who like altcoins after choosing Bitcoin. Because for me Bitcoin remains the first choice before choosing an altcoin to make trades in the short term or long term and currently everyone can also see the price increase that is occurring in LTC, as well as Bitcoin which is currently moving upwards towards $37K again.

No one is contesting the superiority of BTC but the information is that some altcoins too have build up to some certain level and doesn't really depend on BTC price action 💯%. A simple example is XRP that moved from $0.47 to $0.8 a couple of weeks ago while BTC remained stagnant. With an mcap of over $30B not to talk of ETH with mcap of $237B, I think some altcoins deserve some respect. The next bullrun will prove a point and am damn sure it's going to surprise many. Until then, let's continue to Hodl some prospective altcoins in addition to BTC while not forgetting the potential of exchange token like BGB that has been bullish and performing really well.

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Quote from: Mpamaegbu on November 19, 2023, 11:38:42 AM

Quote from: Palazodeen on November 18, 2023, 01:09:41 PM

It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

Yes, I can understand from what angle you're saying this as that dominance is now around 51% as against 75% to 80% we used to have it less than a seven years ago. However, at 51% Bitcoin is still dusting the rest of the pack of cryptos with ETH coming a distant second with around 17% market dominance according to CMC data.

For those who want to invest in altcoins, make your pick from altcoins with use cases. Don't pick randomly based on price. Also, remember that altcoins often pump after Bitcoin is done pumping as investors will cash out of Bitcoin and move their profit to alts. In my speculation, I guess later part of 2025 is going to be another altcoin memorable period. That's the period I want to see alts pump rea
l hard.

You can be sure the dominance will continue to drop until around 30%. FYI BTC is also subject to some form of speculations as you can see what happened when the fake news of the Black rock spot ETF approval hit the space. Recall BTC also hit a record ATH of $68k back in 2021 and those that bought at the peak of it haven't recovered from the loss as well. I totally understand everyone's perspective about Bitcoin dominance and I also advocate for users to Hodl more BTC than any other altcoins but we cant relegate other altcoins like ETH, XRP even exchange tokens like BNB and BGB that has specific use cases and have been constantly growing over time.

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Quote from: CageMabok on November 19, 2023, 01:49:55 PM

What is there to look for in LTC other than the price chart running very similar to Bitcoin's chart in the market?

Crypto was invented to shut out the middle-men
What most people love in Crypto is the raise of value, thus they are after FIAT.

LTC is the coin which is fast, does not cost an arm to pass from one wallet to another and has a high network activity.
Sure its is not a store of value. But you won't find store of value in Whitepapers either.

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Quote from: WillyAp on November 19, 2023, 12:23:04 PM

Not all alt coins are the same, have a look at LTC.
exchanges are often hacked anyway and some are even set up to fraud once the price goes down.

What is there to look for in LTC other than the price chart running very similar to Bitcoin's chart in the market? I only see price stability and stability in LTC even though LTC is not a stable altcoin, but LTC could be an additional option for those who like altcoins after choosing Bitcoin. Because for me Bitcoin remains the first choice before choosing an altcoin to make trades in the short term or long term and currently everyone can also see the price increase that is occurring in LTC, as well as Bitcoin which is currently moving upwards towards $37K again.

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Quote from: jeraldskie11 on November 18, 2023, 04:24:23 PM

Quote from: Palazodeen on November 18, 2023, 01:09:41 PM

The cryptocurrency landscape is gradually taking a new turn and am loving it already. It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

TAO, KAS, BGB, TIA among other numerous altcoins are among those that have recorded ATH recently even as BTC struggle to hold up the $36,500 resistance.

Among other altcoins that have been impressive are ORDI, SATS, VMPX, WOJAK and PEPE1.

Fortunately there is an ongoing event for new users on Bitget where there is $10,000 prize pool in the latest Hotcoins season 5 edition.

As we look forward to the anticipated bullrun come 2024, what altcoins are you holding and why do you think they will bring more returns compared to others?

If you want a bigger return in crypto, you have to invest in alts. There are lots who multiply it's price in just a couple of months. You have to do a screening since not all alts are good to invest. Avoid to good to be true projects or the projects that has the very low marketcap, it's so volatile and don't have enough strong support where if whales going sell their assets, it dumps so much. For safety investing without looking for instant big return, preferable to go with Bitcoin.

You are certainly among the few that understand my perspective. ETH is an altcoin with newly $300M mcap and some people still think less of it. As a matter of fact, ETH started the 2020 bullrun before BTC followed up and we might see a repeat of it in the next bullrun but it might not start with ETH this time. There are several altcoins with good utility and fundamentals but perhaps we are too sentimental to see it because of our interest in BTC. No doubt no altcoins can contend with BTC but we should also remember BTC didn't just became big overnight. There was a time when many people doubted it and wouldn't buy it despite been less than $1. People categorizing altcoins as shitcoins obviously don't know anything imo because shitcoins are memecoin that follow hypes unlike tokens like ETH, KAS, BGB, SOL and some unique altcoins that have amazing utility

Topic: Bitcoin vs Altcoins - page 7. (Read 1522 times)