BTC or altcoin - page 24. | Bitcointalksearch.org

LastKiss

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Quote from: Spacebar96 on December 08, 2022, 01:21:00 AM

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

Bitcoin will be better, go for the long term I suggest and keep earning from what you already did, after that you can always DCA to Bitcoin and leave it until the next bull run probably we can expect that around next year. Don't waste your money on shitcoin or whatever it is. If you insist on investing in altcoins just look for top altcoins and do some research before that.

retreat

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Quote from: Sang Prabu on December 15, 2022, 02:19:51 AM

Of course this depends on someone, for those who like big profits and in a short time then the best thing is invest in altcoins, as we know that altcoins fluctuations are very high, even altcoins that are still new can skyrocket 100% in a day, of course we also have to understand Because the price of drops can also occur faster at Altcoins.

Stop saying that altcoins will give you big profits, between Bitcoin and Altcoins, neither of them will guarantee that you will get big profits when investing in them. Cryptocurrency was not created to be a digital asset that gives people big profits when people invest in it, this is a digital asset for transactions, investing in crypto is very risky and no one can guarantee that the value of your assets will remain the same now or tomorrow. What's more, what you say looks more like a gamble than an investment.

Chato1977

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Quote from: lienfaye on December 14, 2022, 11:43:41 PM

Quote from: Spacebar96 on December 08, 2022, 01:21:00 AM

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

If you're willing to hold for long term then Bitcoin is the good option because it's a reliable coin and less risky. However don't expect to gain like x10 or more of your initial investment since it's only possible in alts that didn't reach yet their all time high, though this kind of coin is hard to find.

that is practicality , the question does not stand closely because he don't wanna lose but he seems to be confused to what is really to invest for.

Quote

So it's up to you on what you prefer. Is it to invest in Bitcoin which is already proven to be profitable if you invest but it might take time before you can gain? Or alts such as ETH, BNB or a hidden gem that have high risk compared to Bitcoin but can possibly give you huge profit? DYOR to have a better understanding before you invest.

maybe adding more bitcoin and some small altcoins for complete investment portfolio with diversified one .

Tony116

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Quote from: Paul Pogba on December 14, 2022, 08:29:42 PM

For now my biggest portion is altcoins, I check about 92% and bitcoin is only about 8%, in my opinion for bigger profits only if we hold altcoins, the opportunity to profit 100% is easier than bitcoin, this is because most altcoins prices are still cheap, Moreover, some of the altcoins that I hold still cost under $ 1 so that I have the opportunity to profit hundreds or even thousands of percent.

Too risky when your portfolio is full of altcoins, if things were that easy, I think people would invest in altcoins and not need bitcoins. Investing in altcoins can give good returns, but you can also lose your entire fortune when investing in altcoins, altcoins cannot guarantee your safety. As you said, you are investing in altcoins under 1 dollar, it proves you are investing mainly in shitcoin, even no top coin. You should keep in mind that shitcoin under $1 doesn't mean it can go to $10 or $100, you need a thorough analysis as well as its supply.
I can only wish you success with your venture capital investment.

ethereumhunter

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If your altcoin is an altcoin that has the potential to increase, you can still hope that one day your altcoin will increase again when the altcoin season returns to the market. But if the altcoins are mostly coins or tokens that are meaningless or difficult to upgrade, you will find it difficult to sell your altcoins because you also won't know when your altcoins will increase even though the altcoin season has come to the market. But you can still hope that the altcoin you hold can increase, even though you don't know if the altcoin is good.

Sang Prabu

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Of course this depends on someone, for those who like big profits and in a short time then the best thing is invest in altcoins, as we know that altcoins fluctuations are very high, even altcoins that are still new can skyrocket 100% in a day, of course we also have to understand Because the price of drops can also occur faster at Altcoins.

lienfaye

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Quote from: Spacebar96 on December 08, 2022, 01:21:00 AM

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

If you're willing to hold for long term then Bitcoin is the good option because it's a reliable coin and less risky. However don't expect to gain like x10 or more of your initial investment since it's only possible in alts that didn't reach yet their all time high, though this kind of coin is hard to find.

So it's up to you on what you prefer. Is it to invest in Bitcoin which is already proven to be profitable if you invest but it might take time before you can gain? Or alts such as ETH, BNB or a hidden gem that have high risk compared to Bitcoin but can possibly give you huge profit? DYOR to have a better understanding before you invest.

Paul Pogba

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For now my biggest portion is altcoins, I check about 92% and bitcoin is only about 8%, in my opinion for bigger profits only if we hold altcoins, the opportunity to profit 100% is easier than bitcoin, this is because most altcoins prices are still cheap, Moreover, some of the altcoins that I hold still cost under $ 1 so that I have the opportunity to profit hundreds or even thousands of percent.

irsykes

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investing now I think is not a problem because the decline in altcoins is already above -50% like bitcoin is already in a downward position. imagine if the bull season comes to exceed last year's ATH price of 69k$ maybe next year's ATH will be higher than 69k$. coin owned from now there will be a 100% increase in the upcoming bull season

Rana590

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If we think about current stage, then this is risky time to invest in cryptocurrency. But it is true that high risk bear high profit also. If you have enough knowledge and experience in crypto then go for Bitcoin because there is low risk compare to altcoins. Market is not stable and if you think to invest on altcoins, it can be a cause of losing your valuable assets.

tvplus006

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Quote from: Spacebar96 on December 08, 2022, 01:21:00 AM

...What replacement coins would you recommend?

It all depends on what kind of knowledge you have about cryptocurrency. If you are a beginner and don't know anything, then you should focus on investing in bitcoin and Ethereum. Investing in altcoins will be very risky for you, as it requires knowledge to conduct a comprehensive analysis.

Dave1

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Quote from: o48o on December 13, 2022, 06:53:52 PM

Right now it's really hard to predict altcoin movement. We should be in the bottom but if we are not you can still lose like 50% with altcoins.

Majority of the altcoins have lost like -90% from it's last all time high, so they might have reached the bottom already but we can't be certain as 2023 will still be bearish for us.

Quote from: o48o on December 13, 2022, 06:53:52 PM

I would like to suggest ETH and MATIC but it's hard to predict when fundamentals have changed so much. I mean ETH has a bright future as a platform but that doesn't automatically mean it would be worth a ton. Fees could be cut to be fraction of current costs and with that so would the price.

ETH yeah why not, still solid fundamentals and the top altcoin. Not sure about Matic, hasn't proved itself so I wouldn't put my money and if I have to choose, ADA or BNB for me.

Obviously, majority though should be into Bitcoin like 60% of our portfolio.

Chato1977

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Quote from: Spacebar96 on December 08, 2022, 01:21:00 AM

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

never choose option about Bitcoin mate , because you cannot find another safer and secure currency in crypto than this, yes there are some good promises from altcoins but the stability and the security will never be the same as bitcoin trust me when i said that.

o48o

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Right now it's really hard to predict altcoin movement. We should be in the bottom but if we are not you can still lose like 50% with altcoins.
I would like to suggest ETH and MATIC but it's hard to predict when fundamentals have changed so much. I mean ETH has a bright future as a platform but that doesn't automatically mean it would be worth a ton. Fees could be cut to be fraction of current costs and with that so would the price.

fatcatcoin

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I would say bet on ETH on BNB, they have lots of capabilities that trump BTC, smart contracts allow for so much potential its insane.
example the whole creation of DEXs on chain is a revolutionary technology and a change to how markets work.
illiquid shitcoins can now be traded on a dex without huge pitfalls, I remember trying to trade shitcoins on cryptopia before it went under and illiquid markets are a pain now with LP pools you can trade stuff that was untradable back in the day!

ven7net

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Quote from: Spacebar96 on December 08, 2022, 01:21:00 AM

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

As for investments in crypto-currencies, here you need to turn to the history of the market development, that is, to see how the price of a particular crypto-currency grew earlier. This is me hinting at BTC, that is, investing in BTC, as history has shown, was super profitable. As for other cryptocurrencies or altcoins, you can also follow the same path, that is, track the history of, for example, ETH or LTC and other top altcoins, and choose the best ones in your opinion. This is with regard to investments for the medium and long term. As for short-term investments in cryptocurrencies, it can probably be coins or tokens of new promising projects, such as gaming or related to the metaverse and NFT, but here it is important to understand that there is a high risk of losing funds, which means that the choice must be clear and informed.

piebeyb

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your money play at your own risk always do research before investing in crypto that is the main point in investing, don't ask anyone because basically not all have the same mentality, if you want to invest better choose bitcoin for the long term and for altcoins that promise you being able to choose Dogecoin might be your reference, but research first about bitcoin and dogecoin before buying, hope it helps Wink

Xinarae*

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Quote from: raidarksword on December 09, 2022, 01:06:11 AM

It could be both, depends on your specifications on how you put your venture with but definitely I would go to BTC hence this is the buy zone of bitcoin right now due to bad market sentiments. Some altcoins are worth it too, any top 10 on CMC is nice to buy and hold too.

Yes bitcoin is the best among bitcoin and altcoins the demand for bitcoin in the market is huge and the value of altcoins increases depending on the price of this currency. Despite the bad situation in the market, the demand for bitcoin is high if the price goes down if you wait patiently it will rise to the top.

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Quote from: Spacebar96 on December 08, 2022, 01:21:00 AM

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

If you hodl your money 2 to 5+ years than go for Bitcoin, Because Bitcoin is best option for long term investment without any doubt.

For short term invest go for altcoin like Matic,Tron,BNB etc.

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Quote from: Spacebar96 on December 08, 2022, 01:21:00 AM

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

If you want to get a large return in the long term, then bitcoin is very worthy of being used as an investment goal because so far bitcoin has been proven to be able to have a higher value in the long term, especially when halvings occur which usually when halving can make bitcoin prices rise to the highest level As we have seen in previous years after the reduction in the supply of bitcoins, feel free to buy bitcoins with the amount of funds you have earned because now is a good time to buy some bitcoins at a discount and then hold onto them.

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