Buy only bitcoin or take chances in altcoin casino? - page 2.

KTChampions

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Quote from: bbc.reporter on February 07, 2020, 09:10:12 PM

A simple poll to know if every person in this speculation subforum has a similar attitude in trading and investment as they had on 2016 and 2017.

The bullish sentiment is back, and traders have been placing their allocations on their favorite blockchain projects. The question on most investor’s minds is which coin will have the biggest payoff? Is it Bitcoin, the largest coin by market cap, or smaller cap Altcoins?

Read in full https://bitcoinist.com/bitcoin-vs-altcoins-which-will-make-you-more-money-in-2020/

Nothing new has happened in this area - bitcoin is a more reliable investment, but less profitable in a growing market. Altcoins are a more risky investment, but also more profitable in a growing market.
In fact, if you believe in growth, but want to make a reliable investment, you can invest part of the funds in bitcoin, and part in altcoins.

pgbit

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Investing all money in one coin is not a good idea, altcoins are not useless, Bitcoin needs altcoins too. So, if you really support the crypto idea, you should appreciate good potential altcoins too. Look at the altcoins market now, most of the coins are getting a green signal and increasing in price. So, I would diversify my investment in various altcoins too.

Dr.Osh

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Quote from: palle11 on February 12, 2020, 06:09:47 PM

I think that bitcoin is going to make more gains than altcoins. Despite that it cost more to buy one bitcoin but altcoins can be cheap and most of them get dumped back. Bitcoin investment seem to be a better one than many investment in altcoins.

it's true that investing in bitcoin is a sure thing, and quite good compared to investing in altcoin, it's just not for the top altcoin. the current development of the price of an altcoin is also quite good, I currently hold more ethereum than bitcoin. if you hold 0.1 bitcoin, then it can only be 0.1 bitcoin, whereas when you hold 0.1 bitcoin in the form of altcoin, it is likely that the amount can increase at this time. ethereum is one example of altcoin rising today.

shield132

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I would say for profit purposes, altcoin(s) will win but the question is, can you guess which altcoin will have the massive gains? In 2017 ripple had the most amazing rise, from 0.006$ it went up to 3$. But we have to agree with that almost all altcoin follows to bitcoin's price movement and this means bitcoin is leader.
High risk = high reward. If you are a person who likes doing a lot of research and taking high risks, then personally I would stick altcoins. I have no idea why some people ignore altcoins because there is very high profit potential in them, not only profit but some of them are really innovative.
And if you are going to just follow the wave of hope of rises and halving, then stick with bitcoin.

Lucius

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Quote from: jackg on February 07, 2020, 09:22:46 PM

If for example in a few years, 5btc becomes worth 1 eth them you'll still have 1 eth from now...

I really don't see why this would happen, given the current price of ETH ($269) vs BTC ($10 240), which means you can buy 38+ ETH for one BTC. While there is always a chance that BTC will not succeed in the future, I believe that then all other altcoins will disappear in that case.

Altcoins are just as OP title is saying casino, 99% of them have neither, nor will they ever have any purpose. Their purpose is pump & dump, they do not serve as a means of payment or as a store of value.

On the other hand, BTC has a practical application, it is fully decentralized, has limited supply and the greatest chance of becoming something of a serious player. There will always be those who will go with less resistance (read cheaper option), and invest in ETH, LTC, or BTC clones - let them gamble, their money, their risk.

el kaka22

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Honestly, the undervalued coins are sometimes so low that you can literally buy 100 dollars and own probably 1% of the whole market, that is what I like about them so much. Of course, with this new ICO bs and other stuff the owners have like 40% of all coins and they can also print whenever they want etc etc which causes the coin to be really low value, however if you look at the old ones that weren't done with ICO but done by just developing and releasing, some of them are really low value and you can buy a bunch of them and just hold it aside to make as much of the market as you can by yourself.

I personally hold a couple like that and I am waiting on them to go up but if they won't go up, that is still fine because I didn't really invested too much money into them anyway so it's fine.

palle11

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I think that bitcoin is going to make more gains than altcoins. Despite that it cost more to buy one bitcoin but altcoins can be cheap and most of them get dumped back. Bitcoin investment seem to be a better one than many investment in altcoins.

Barbut

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Quote from: duff_lesterny on February 12, 2020, 02:42:55 AM

There is different type of altcoins even if we can indeed speak about casino.

However, we can look at some parameters:

- How old is the coin?
- Was it attach overtime and how did it evolved to prevent such attack again?
- Does it have an active development community?
- Does it play the marketing part at 100% in order to attract people or is it reinforcing it's technology foundation to make sure it will stay overtime?

Bitcoin is a reference. 50% in the portfolio is great. Then you can probably put 5% here and there. I would keep 10-20% for highly undervalued coins such as Feathercoin for instance.

I agree with you man, 50% in Bitcoins is great for every portfolio. We can't deny the existence of some altcoins, and their potentially great future. I have around 10-20% in some undervalued coins, with the price under 10c and market cap lower than 10 million. Who knows what the future holds, the crypto market is changing all the time, making progress, upgrade, I wouldn't be surprised if we see some changes in the top 10 in the next few years!

duff_lesterny

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There is different type of altcoins even if we can indeed speak about casino.

However, we can look at some parameters:

- How old is the coin?
- Was it attach overtime and how did it evolved to prevent such attack again?
- Does it have an active development community?
- Does it play the marketing part at 100% in order to attract people or is it reinforcing it's technology foundation to make sure it will stay overtime?

Bitcoin is a reference. 50% in the portfolio is great. Then you can probably put 5% here and there. I would keep 10-20% for highly undervalued coins such as Feathercoin for instance.

Baoo

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Buying Bitcoin is pretty necessary especially if you want to play safe and secure your money, you will certainly get an acceptable profit specifically in a medium and long term ( more than 3-4 months ) due to the halving event will be after 90 days I would guess but taking the risk with a plan is essential IMO, try to pick some altcoins especially who have a good characterstics, but I don't advise you in order to waste all your budget on these altcoins, maybe 30% if possible.

Stedsm

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Currently, I'm putting my watch on the coins which were launched on the Binance platform through their IEO feature. I believe there are still some coins waiting to get to their purchase values and should definitely rise due to this fact alone. On other hand, if I had BTC, I'd definitely refrain from investing in some single-digit Satoshi coins (trust me, Pundi X is my all-time favorite project but I got fucked by the same project as the value didn't rise but crashed hardly and made me lose around 1.5 BTC which I made through it only). You have some better choices available and I still see Waves to be waving hard once again towards its top.

exstasie

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If you do "diversify" your long term BTC investment into altcoins, just remember to actually take profits after significant uptrends on those ALT/BTC pairs. Too many altcoin investors buy into altcoin season and just go full retard, refusing to sell, turning themselves into future long term bagholders.

To succeed, you need to do the opposite: constantly bank altcoin profits while the gains are easy, and then only long term hodl BTC.

Believe me when I say, you really don't want you capital locked into a multi-year shitcoin bear market. The drawdowns aren't worth the risk at all. If you're just going to ride altcoins down 95%-99% over the long term, you're better off holding BTC.

The Sceptical Chymist

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Quote from: jackg on February 07, 2020, 09:22:46 PM

I'd suggest diversification at least among the major coins.

I tend to agree with that, though I'm mostly for holding bitcoin exclusively. There are some altcoins I like, but there aren't many and they generally don't represent any of the top 15 on coinmarketcap. Being able to stake Tezos from a Ledger is appealing to me, for example. That's the only coin in the top 10 that appeals to me, and I think those rankings are misleading anyway.

Altcoins have come roaring back--at least just somewhat, but that's probably because bitcoin itself has been up significantly. I do get the sense that they'll be the first to crash if the market takes a dive, and they'll probably fall much more than bitcoin. The altcoin market really is like a casino, and I'm sort of averse to gambling.

FanEagle

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Of course, it would be bitcoins to have the biggest payoff. People usually have huge expectations from bitcoins rather than any altcoins because altcoins possessing lower market caps can even be manipulated by big whales which would never be a good reason for the investors to invest into those altcoins. No doubt that there are some extremely profitable altcoins which might even have a significant growth but mostly, such altcoins move along with bitcoins with might first make bitcoins experience a pump which would then be followed by such altcoins.

Altcoins which I think would have a better price growth are XRP, ADA, EOS, BNB, TRX. I have my hands on these coins which made me dig for some TA but I would not personally like to diversify my investment in several other coins. I would like to keep my portfolio bad with minimum but potential coins.

sunsilk

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Quote from: carlfebz2 on February 08, 2020, 03:17:17 PM

Quote from: sunsilk on February 08, 2020, 06:20:15 AM

Bitcoin is more of a safe haven so whether you will diversify with the altcoins, you can still recover if ever the coin you choose becomes part of your loss. I'm still in the recovery process with my alts and learned the lesson there but I think, I'll determine how long I'll be with alts.

Still, at the end of it, I'll remain bullish and long term for bitcoin but I'm ok to turn in for some alts just for playing(trading) it.

Its not bad to always have this kind of consideration if we do talk about alternatives. Diversifying is always been a good option yet this do lessen out the
risk on getting wrecked 100% yet we know we do still have the chance on recovery on other coins we've putted on.

The thing or concern here is that you should target those good or top rank ones rather than considering on putting a shot on low cap/priced coins
hoping for some whale pump.This isnt ideal and also riskier.

Overall, Bitcoin would be the heavily favorite when it comes to long term aspects.

It's good to diversify as long as your choices are considerable and you know how to adapt the moves of the market. But if you're just investing to any kind of altcoin and you have no idea how long you will hold them and then you're more focused on it, I think that's a bad idea.

Hold a certain amount of bitcoin and start your plan there, how long you will hold it and at what price you're willing to dispose it. While in altcoins, you should be aware that you the risk there is much higher than bitcoins.

adaseb

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Basically it all boils down to what risk and reward you are willing to take. Basically Bitcoin is a much safer and higher probability trade because it has the highest chances of being around in a few years and going up in value however keep in mind that the gains won't be exponential. We probably won't get a 100x move unlike some coins like Ripple which had a 140x in over a year.

However with those alts keep in mind that many right now are at over 90% losses from all time high while Bitcoin is only 50% from all time high. I think the best approach is to own a portion of each, some Bitcoin and some alts in case they go big. One issue is that many alts right now, especially the large caps like BCH or LTC aren't really cheap to begin with. They were best to buy in a bear market and not now.

posi

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Quote from: jackg on February 07, 2020, 09:22:46 PM

I'd suggest diversification at least among the major coins.

If for example in a few years, 5btc becomes worth 1 eth them you'll still have 1 eth from now...

A lot of this depends on how much risk you're willing to take and also how likely you think bitcoin is to come out on top over the years (not just in 2020).

Diversification is good but you understand that it does not work for every body because some people dont really have the knowledge to manage or select the appropriate altcoin 3 or more coins.
I believe the best and safe haven coin is still bitcoin since it halving is also coming.

jhonjhon

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Though bitcoin is on top of all the coins but I would still go with taking chances on other major altcoins because who knows they'll have their chance in the future and some altcoins now like eth are doing good with the trend and it is trying to catch up so maybe in the future they will cost a fortune to if I have enough money to divide it to altcoins and bitcoins then i'll go for it.

beerlover

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At first I thought about "casino" as in literally casino, like buy altcoins and go gamble with it on a casino and I was confused why these were two options which are totally different from each other. To everyone who assumed the same way the way I assumed, normally what OP is trying ask is the fact that "would you buy bitcoin which is guaranteed or risk it with lower altcoins with a higher chance?".

I personally think you could divide your portfolio a lot in order to make both of it work together, for example lets say you are going to invest 10 thousand dollars right? You can put 5 thousand dollars into bitcoin, 2000 dollars to ethereum, 1000 dollars to xrp, 500 to dash, 500 to stellar and continue like that for all coins you like. That way you would be heavily into bitcoin but also have smaller coins as well.

judaspriest

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C O M B O

up to you, my advice is to buy ALtcoin and Bitcoin, because this year it will be interesting, Bitcoin halving, Ethereum 2.0 and the high dominance of bitcoin may drop at any time

Topic: Buy only bitcoin or take chances in altcoin casino? - page 2. (Read 425 times)