Topic: BTC or altcoin - page 6. (Read 4143 times)

When talking about long term investing in crypto of course I believe almost everyone will be referring to Bitcoin,
it was unquestionably worth it surely the low risk was the right reason,
for altcoins the most important thing is to choose the right coin.

I don't know whether you are here for the technology or for the opportunity to make money. I am attracted to the second option. Bitcoin is of course a good thing and one should definitely have some bitcoin with a long-term perspective. But now altcoins attract me more because they have been falling for almost two years. I think a good bull run is coming soon and it would be foolish not to take advantage of it.

I agree with your perspective. Bitcoin's decentralized network, built on blockchain technology, gives it unparalleled resilience and makes it highly unlikely for Bitcoin to ever truly die. The decentralized nature of Bitcoin means that it is not controlled by any single entity or government, ensuring its survival even in the face of regulatory challenges.

While altcoins may offer certain advantages such as faster transaction speeds, lower fees, and additional features like smart contracts, Bitcoin's position as the king of the market remains unchallenged. Bitcoin's first-mover advantage, widespread adoption, and recognition as a store of value have solidified its position as the most prominent and influential cryptocurrency.

Bitcoin's longevity and continued relevance are further supported by its large and active community of developers, miners, and enthusiasts who are constantly working on improving the network and addressing any challenges that may arise. The resilience and strength of this community contribute to the ongoing success and dominance of Bitcoin.

It's important to acknowledge the unique characteristics and strengths of both Bitcoin and altcoins, as they serve different purposes within the cryptocurrency ecosystem. While altcoins provide innovative solutions and technological advancements, Bitcoin's enduring presence and established market position make it a cornerstone of the crypto space.

In conclusion, while altcoins may offer certain advantages and innovations, Bitcoin's decentralized nature, widespread adoption, and established market dominance ensure its relevance and long-term survival. It continues to hold a significant place in the crypto market, and its influence is likely to endure for years to come.

I don't think bitcoin will ever die. It is impossible because the network is decentralised. It is only possible if the death of the internet worldwide happens, which is also unlikely. Bitcoin can be compared with altcoins in terms of transaction speed and fees, smart contracts and other things that bitcoin does not have but altcoins do. But of course bitcoin is the king of the market.

I think it's obvious that Bitcoin is the king of crypto and there's no doubt about it,
So far it's been impossible for altcoins to beat Bitcoin,
indeed if Bitcoin dies then everything will also experience the same thing.

don't compare btc or altcoin. btc of course the number one coin. anything else is just supporting crypto market to be useful, adoptable, cheaper, faster and easy to use for average guy. in fact the store of value is on Bitcoin. we can call it like gold in digital world. sometimes people comparing it to alt is just does not make any sense at all. if bitcoin die, all altcoin are need to prepared for their graveyard too 

If you are choosing Bitcoin as a long-term investment, it is a wise decision for you.By the way, there are many coins in the market,but Bitcoin is the only cryptocurrency where we feel satisfaction after investment.There are a lot of coins in the market right now, some of which can be very good and profitable,but before investing in alcoins you need complete information and complete research and investigation about this project.Then you can select some good and best projects.If there's one cryptocurrency we all trust the most without research and information, it's Bitcoin.So whenever there is an opportunity to invest in Bitcoin,Such an opportunity should not be missed.At the current price, it is a great time to invest in Bitcoin for the long term.

when it comes to these question it always heavily depends, how long you are willing to invest and how much money you got.
only suit it to your preference only then you will score massive profits instead of just getting too fixated on something.

also to add, if someone have relatively low capital to invest then maybe altcoin will be more beneficial in the long run since the capital will be multiplied rather easily than investing in bitcoin.

Hopefully the Bitcoin price can stay at the $30k level this weekend, because this level for Bitcoin is important to maintain its bullishness,
and in my opinion it is very likely that it will survive I'm sure.
If you see that in the past few days Bitcoin has gone up and hasn't been corrected, so the accumulation zone is likely to be Bitcoin at the $30k level.

Yes, regarding high risk and high profit, I don't think that applies to meme coins,
as long as there is an opportunity of course traders will use it to make a profit,
what is clear is that investing in either Bitcoin or altcoins will be profitable.

then it just depends on the preference at the end of the day whether the investors are seeking for faster returns then altcoin is the right choice, if they are looking for
investment that could be used for long term then it's bitcoin since honestly with altcoin it's always hit and miss, you know when investing in altcoin
if we don't sell at the right time the value will plummets, if we just too early and not patient enough then we will get really bad price point to dump our coin
it just matter of preference i guess and each choice have their own advantages.

High risk = high profit is what traders and investors use here,
I'm sure many traders and investors also choose altcoins for them to invest in,
especially now that 90% of altcoins are at their bottom price, so it would be a shame if they didn't buy them,
to be honest I personally would prefer an altcoin.

Not only in altcoins, but we also can get high profits by investing in Bitcoin. But surely we need a bigger capital when we invest in Bitcoin. We can't expect to get big profits if we only invest $100 in Bitcoin. You can expect earning of thousands dollars if you invest in Bitcoin above $1000 as well. So, the amount of money to get depends on how much capital we used in our investments.

Anyway, investing in Bitcoin has a risk, too. Basically, investing in any crypto coin is high risk. And there is no guarantee for profits although we invest in Bitcoin. It depends on the strategy we use, how good our knowledge is.

If you want to get high profits and are willing to take risks, I suggest choosing altcoins,
but if you don't want to take risks, then my advice is to choose bitcoin,
because bitcoin is still very safe for investment.

Every Crypto Investor does the same, they keep bitcoins as the main digital investment asset compared to others and they use them in the long term. Altcoins are not too bad either, there are some investors who choose Altcoins to invest as their second investment or trade. If they include long-term investment in Altcoins, of course they choose Ethereum or Bnb.

Yup.

You're doing the right thing of making bitcoin as a top choice. It's the majority's top choice but we still see people that are not making it as their top priority in investing on this market.

But that's fine if that's what they think because it's not gonna be our loss and gain but it's gonna be theirs. So, no matter what will be the choices that we've got, be it btc or altcoin, just to make known of your choices and decisions.

i think there are plenty of implementation of blockchain but i guess most of them still face problem of scalability, even blockchain based game can be said that they are utilizing the blockchain for their operational yet they struggled with the scalability issues many blockchains are facing.

I think btc is my top choice, in the sense that I'm investing for the long term for my future children so that with the characteristics of bitcoin I choose it as the main investment in cryptocurrency. That's not to rule out altcoins, but there are also some that are worth investing in. to be honest for now I use cryptocurrencies only to make a profit. no need to analyze bitcoin to detail, whenever we have money then that's the right time to buy

You know, There are almost no big business use blockchain for their oprational process. Because blockchain technology is still in beta. The only real usecase in crypto is the security as a store of value, it is easy to send, easy to keep and hold and self custody. So i will say BTC will be better place for investment then any other coin. It is most secure and decentralized network in the world