Topic: Experiment , generate more bitcoin by buying TOP 10 alt-coins 2020. (Read 569 times)

I just hope whoever sees this thread, does not misinterpret the information the OP is trying to pass across. Identifying those top altcoins with prospects might be difficult for some. That an altcoin is below the first 100 does not mean it cannot yield huge profit and that it is presently among the first 100 does not mean it will not result in loss.

Most altcoins, except for few do not last long. A lot of them that I have seen tend to make an ATH. So you have to be watchful. Know what the team of such project have in the pipeline because among those outlined milestones set be achieved on the roadmap, one of it will result in ATH.

Check which of it is more convincing and then follow it up. Well, you should not also total rely on that, because some people might be out to spread FUD during such period, in order to cause a plunge. They might and they might not succeed, which is why you need to be vigilant.

Its in accumulation phase , most of the top coins seems performing better then BTC even on a pull back.

what I'm worried about is the price of bitcoin which suddenly dropped and bled, altcoin is still very cheap for a pair on BTC, hopefully altcoin season can come as soon as possible

If Bitcoin continues to move up, I believe that altcoins will lose more value. And we will lose BTC if we move Altcoin to BTC, so in this stage is hold Bitcoin and wait for it to reach a higher level, then we can consider and choose altcoin investment. I also do not believe in altcoin at this stage, if investing Altcoin / USDT then we can choose a few top altcoins to invest in.

perhaps this is what people who manipulate prices in the market are waiting for. note that when everyone stopped believing in growth and said that the price would go even lower - we saw the growth, and now everyone says that the time has come for the bull market and now we need to buy so as not to miss our chance. I think that very soon we will begin to go down again

I do prefer to invest in top-performing altcoins as wells such as Ethereum, Ripple, BNB and more since they already have proven themselves that they are worthy of my investment. Not gonna lie, I am having a doubt to invest in new altcoins the fact that most of it are trash and it is too risky for me to handle, I know the more risk the more profit it will be but still I won't take it. Top-ranked coins because usually as Bitcoins grow up they tend to the same yet they have the largest volume in the entire market thus, there's a high chance for you to earn a high return.

Hopefully, we could make a top run this year not only for Bitcoin but of the entire market. I believe that halving will help a lot with the better market trend this year and keeping more altcoins today is really great. Not really at 100% market assurance but it for sure this year will have made another great story.
We better grab this opportunity before it becomes expensive.

I prefer to focus on top alts now like eth, Tron, litecoin. Seems like we are nearing the bullish trend very soon, because BTC is doing really incredible. For small investors this could probably be the best chance to make use of this market, hopefully the market will gear up and comeback stronger than before.

These massive spikes make me think we starting altseason. But you just knewer know what you can expect around corned in crypto.

yes you are right and i think most investors have done it this way. we can use altcoin for short-term investments and bitcoin for long-term investments. and I think now is the right time to buy the top altcoin because since bitcoin has increased most of the altcoins have also experienced an increase and it's been two weeks the altcoin market has gone green again.

Dollar cost average. Don't put all your buys in at one price.

It's very difficult to time your entry completely perfectly and I don't think even the most professional traders have done that on a consistent basis, let alone having your sells at the exact right time as well.

Diversifying into alts like you said will also be a very good idea, although I think that BTC could outperform most alts after this initial round of altcoin recovery.

Its really hard to guess what is the right time to invest, was trying to catch moment from march 2019. Finally saw opportunity, hope i got bulls-eye ...ha.
Always wanted to get in start in bullmarket, currently so far so good. Its so unpredictable can roll over any minute.

For now, I observe the price of bitcoin and I see it continue slowly and that was good sign to invest. I don't believe on altcoins now and I suggest that it is better for now to hold your bitcoin because if everyone do hold we can gain profit soon.

Interesting point , thank you for reminding . I can always look back purchase done on 13th January 2btc. Think it was around 15k total.
I'm very confident that I will make much more btc on this, but let's wait at least for few months and see. Some Alts looking very strong now.

Agree with your point. Honestly OP, that was not shitcoins at all. Just altcoins with not very good progress and price after Bitcoin fall from its peak. You can make a solid profit by invest in many instead put all eggs in one basket. This is a common strategy but I appreciate your effort, OP.

Based on your list, they are not shitcoin, they are legit altcoins and I am happy that there are still investors who are trusting altcoins to generate profit for them. Let's admit that altcoins investors are slowly dumping their altcoins due to the fact that it dropped 90% or less form its peak price, but the market would certainly rebound and if  we are talking about market, it's the market for all, not only bitcoin.

Currently bitcoin is going up so the other altcoins are also experiencing more increases than bitcoin, I believe more in ETH and TRON because both of them have good missions this year, especially recently, the YouTuber pewdiepie talked about tron ​​in his video, this is news which is remarkable because there could have been an influence on the increase in Tron on the market, because the increase in Tron is now quite good.

actually I have just thought about this. if you buy ethereum, then the increase in price has reached 0.002 BTC for 1 ethereum. while for other altcoins like BCH SV, Dash, and coins that are worth above 20%, it seems that the additions are really quite high. I started thinking about exchanging the bitcoins I had with altcoin, it's just that I didn't want to miss the train when bitcoin reached a high price.

If this was about generating more dollars I would say this could actually be a great experiment. However I am 90% doubting it will generate more bitcoins.

What you are forgetting is that even tho dollar loses it is value and altcoins gain value in dollar terms, bitcoin also gains value in dollar terms as well so it is harder to make more money in bitcoin valuation. Could it happen? Sure it could, that is why it is an experiment to begin with and we will see the results by the end of 2020 and see if it worked or not, however I would say you should follow up with how much dollars you can make as well, that way we can see that even if it doesn't make profit in bitcoin terms, it could potentially make money in dollar terms and that could be a little hope for the people.

I do believe everyone has their own way to choose coins. Im quite confident i will succeed in up 10% already https://www.cryptocompare.com/portfolio-public/?id=461600
Some people hate ETH , but it is the coin where the most development currently going on. It is 10x down from btc from all time high. There is big chance it could go back, and if it does there is no way i would loose any btc.
This is nice post here https://bankless.substack.com/p/the-trillion-dollar-case-for-eth-eb6

Nice strategy and nice pick, I'm sure you have done enough research before experimenting it, I hope your experiment is fruitful, also I want to believe this year would be good for altcoin so it's best for investors to follow some projects and make  their decision of investment.

I will advice people to becareful of some of these Altcoins.

1. Those that have POS
2. Those that most of the coins are still unlocked
3. Those that have no real development in the past months

Looking at the list I can only picked BAT, if the platform continue to grow then it should do well

Well, people buy altcoins because they can earn more bitcoins. I also prefer to buy altcoins now, but not because I think that this is the future of the cryptocurrency world, etc., but because now these projects are better than bitcoin and they will increase in price in relation to bitcoin and I am buying them now to sell later in relation to bitcoin

I really like this kind of a experiment and I am interested in seeing what it will do.

Also like some of the Altcoins you chose, also that you are making a youtube video serie with it!
Definitely going to keep track of this and hope you will do good of course.

You did however chose to explain why you chose  the top 5 coins, but I would like to read why you chose the other 5 as well, since they are less known to me and would like your explanation behind that.

Is this an old method? I am not aware, honestly. Thanks to the OP who raise this topic, I got a new idea. It may be an old method but it is still a great idea, isn't it? although it works more efficiently at a certain time, during bull run as what majority (definitely swing trade), right? I want to, no, I would do this great idea sooner.

I think dividing some capital to buy some altcoin can be better because when the coin price goes up you can get a lot of profit even some top altcoins are cheaper than bitcoin prices meaning that with a little capital to buy altcoin then when the price goes up you can get a lot of profit , and the rest you can use to buy bitcoin.

Everyone has a it's way of making strategy regards in making investment. One of the crypto investment strategies is to buy some of the top altcoins to increase profits but we need to make sure that it will really give as a good profit in return. This usually the percentage increase in altcoin is greater than bitcoin. So that if we really do altcoin we will also get a large profit. But do not close door for other coins that pumping in the market, because there are also many of them that can give you goodness on investing into this kind of coins like the so called Aci coin.

Has anyone found out who Satoshi Nakamoto really is? You you have some points that asian developers have some projects but most of those projects are from china and you can barely see some other asian countries developing really good projects. Wester countires has lesser projects than asian countires but they are topping the list.

Good thinking but what do you think will happen if all altcoind failed to surge right after bitcoin hit a new all time high value? The point here is no one can predict the future, it's better to play safe by including bitcoin in your portfolio, in fact 70% of your holdings should be on bitcoin

Nah, I dont think this will work as most altcoins are useless and might give you some good lose if they cannot comeback from their huge dump. I wouldnt take this risk, I prefer to hold my bitcoins that to risk my funds buying altcins that doesnt have the guarantee to increase in the long run.

This why this is experiment, i have made my portfolio public you can follow the research, im up 0.05BTC   https://www.cryptocompare.com/portfolio-public/?id=461600

In thousands of altcoin that surround with cryptocurrency, most of them are underrated. There are many altcoins are made only to scam people or for listing purposes. That's why they are not good also to be our investment especially if you are the first one to buy that. In cryptocurrency, the more you underrated coin, the more your investment gone.

I refuse to believe you, even if a coin is a shitcoin and many are adopting it nothing bad will happen not to talk of these Chinese coins like you mentioned, bitcoin founder himself is asian right? And most top coins are asian projects, this shows that asian are better at this than other part of the world

This is not a good way at the moment, the current market is focused on bitcoin. Investors are currently selling all altcoins to move to bitcoin, and if you buy altcoin at this point, you will definitely lose if you convert it to BTC afterther. This method is only suitable for altcoin season and currently the altcoin season has not yet appeared and every is still going down every day.

What evidence do you have that altcoins are supported by the Chinese?

There arn't any exchanges in China. Yes, they can buy over the counter or in person - but that applies mainly to bitcoin. There isn't any peer-to-peer network to support altcoins in China.

Everything is risky, it just depends on how you will manage and handle yourself at risk to overcome the possible problems that you may encounter. Some newbies tend to trust and believe something without even analyzing and researching, that's the reason why most of them end up losing their own money because they don't acquire from their own experiences. It isn't bad to risk as long as you know that you can handle the outcomes of your decisions and actions, if you surely know that it is worth the risk because it can be beneficial and profitable.

Bitcoin is the daddy.

Unless that newbie is rich though. He could learn through losses even if that's such a stupid idea of his to not get an advisor or get some finance manager that you mentioned.
Sometimes it becomes like a subjective investment for newbies, and they can't conceptualize what they're gonna invest.
Let's say that they just invest in Bitcoin because it gets higher in price often, like they can't think something else especially the usefulness it brought when paying bills or buying through merchants that accepts it.

To invest in the long run it is better to invest in the highest altcoin or in bitcoin than in new coins which can be said for now many new coins that slowly have no value and disappear and eventually only become junk in the wallet. At the moment I personally have less interest in investing in new coins, although there may be some good coins, but I prefer to invest in the top coins.

That's certain unpredictable if newbies will look for the potentiality of any altcoins, though it had a good platforms shown according to their specific white paper but it doesn't mean we're going to trust 100% because risking your funds is totally a suicide. Even experienced person tend to lose bigger capital of money, how much more those newbies that can't even learn trading more serious. If they'll try to experiment the market trade situations, they should find more time and knowledge in order to acquire all those desirable skills, and never use bigger funds on trading unless they mastered trading completely.

Great alternative, hope your experiment will run well, especially while the market is green. I would also add ZEC and DASH, because those coins were and are still very cheap and could easily outperform such coins as BCH or BSV.

Yes this research has to be long-term, and only use what you do not need in next few moth/years. As Crypto is still very speculative/volatile even for working products.
one day it could be 20% up next day 30% down. In long term i see a lot of use in many projects. You only loose money when you sell at loos. But history has proven when BTC bubble, alts bubble twice as big.

I have more faith in gen2 and gen3 blockchains and utility tokensin 2020 , so that's why i have choosen only one currency Monero.
I cannot choose BTC as in that way i wont generate more BTC...ha 

For new people it is better to start with the amount they can afford to lose. Actually this also applies to people who are not new even to continue to invest with the amount they feel they can bear the losses and can cover these losses slowly. And it is true that for the current project choice, we should pay more attention to how the developer updates and activates the project that is delivered.

You have listed beautiful information about those 10 tokens, But you have left out litecoin.
Litecoin has surged in prices at over 18% in 14 days,

It was 38$ around January 1st, 2020
But today it is 58$ per 1.

Different altcoins to choose from in the crypto sphere
ALways dyor and invest right.

Yes im playing this safe only choosing coins which are in only top 40 in coinmarketcap.
I do believe that if coin would have some fundamentals and value, it would be valued at least in top 50 in bear market. If it is only speculation, coin most likely will loose 99% in bear market and die. But also i can see few which i think are pump and dump coins still available in top 50

It think we are in bull market already, this is the point of whole research. Wanted to do it since march 2019, but could not guess where could be the bottom. I might be wrong now, but most of the alts are at the lowest they have been. Im very confident i will succeed .
So far so good in up 6.5% in one day in btc https://prnt.sc/qnyaop
p. s.
Bitcoin and Alts looking very strong now.

When compared to new coins it is true that the top coins are far superior and potentially but that does not mean that all new coins are bad. If you have observations about potential new coins, investing in them is the right thing to do, but I think for now it's hard to find potential new coins because most of them are slowly disappearing and have no value and it is true that you say that for now it's better to invest in the top coins.

I think the best move is to buy bitcoin first and when bitcoin reach a new big height in value use the bitcoin to buy other altcoins, the bitcoin dominance will start decreasing and altcoins will start surging in price, i think this is the best move

I see altcoin is alternative when bitcoin has negative movement altcoin can recover it. Buying many altcoin is not helping to increase profit or safety because this moment many country try to release their own coin, that bad for crypto user and market. I believe own coin already have regulation and protection, bitcoin lost value and altcoin will dying. We should focus into important think than making review about potential coins. Altcoin will survive if bitcoin has positive movement, we just need to support it by used to make money and promote new/ old project for society education.

This is s game only real players wins. We all come in with this concept but many get rekt. You can only apply this when you're a good trader because any price action on Bitcoin is felt on Altcoins. This works best in a bull market buy wisely some coins will not give you a 10% price increment but can give you a fifty percent loss while holding.

vice versa. if Bitcoin price is down, then altcoin is down too. and altcoin down is greater than Bitcoin.
it means that altcoin has higher risk than Bitcoin, and higher return too

that's why I think more before buying altcoin at this time. the risk is high
moreover if we buy low cap altcoin, it will have highest risk.

Altcoins are good for old projects and are in Coinmarketcap Top Rank. Yet I still doubt a lot of new altcoins are garbage dah does not mean all rubbish only partially become shitcoins. For short-term may be suitable if we stick to the altcoin according to their season. But for the long haul, I feel more at risk if at the time the project dies without cause.

Good point OP i agree with you 100%, many altcoins lose 90 percent of value already, buying them now will bring huge profits and it's a good move to divert the money back into bitcoin, this is better than buying altcoins with very low volumes on exchanges

Probably you should have come up with a better title since generate more bitcoin is itself a favorite scam title like from those ponzi hyips or bitcoin doublers.

I think more bitcoin by buying more altcoin is risky and totally not recommended for newbies or even for experienced people. You can never tell with altcoins.

You are right, lookalike the crypto market is still dependent on Bitcoin. If this increases all other altcoins loud their sounds if BTC drops they massively fall down. I personally feel that Tron will be a good investment for 2020 because they are undervalued and they could be next ETH if it gets proper support from the community. Those who invest in Tron has the possibility of getting a higher return on investment due to its negligible price as of now.

Could be a cool year for that experiment. But you are just basically holding them? Not trying to sell the tops and buy dips or anything like that? And are you selling them exactly after year or hodling indefinetely?

everyone has a different investment strategy. and one of the crypto investment strategies is to buy some of the top altcoins to increase profits. because sometimes when bitcoin goes up, most altcoins will also go up. and usually the percentage increase in altcoin is greater than bitcoin. so that if we really do altcoin we will also get a large profit. I also do this. I hold some of the top altcoins like Litecoin and Ethereum.

I think it will better if you make it in the list order. So, it will be clearer to see what altcoins actually do you think recommended to buy in 2020 according to your own experiment.


However, it is my suggestion, you can consider if you think it is good for you.

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By the way, congratulations, you a Member now. Waiting for your next experiment.  

I would probably look more on the IOTA/XMR side than something like NEO.

XMR is one of the long term holds that you just keep in your portfolio and somewhat forget about it, because it's provided stability but not a lot of volatility in the short term which may be what you're seeking. So if you're expecting short term profits, definitely don't go with XMR. XMR is a long term hedge.

IOTA could potentially shoot through the roof in the context of a potential bull market because of the fact that its market cap is surprisingly small compared to when it first started out and its volume is very low. It has very good fundamentals as well imo with scalability and no fees in mind, but its success depends on the tangle's reliability.

NEO hasn't really performed that much, nor has it really innovated. So that's a no go for me.

And right now some altcoins are overperformed ethereum. I agree about the bitcoin as the main consideration but i will not put the rest into the ethereum. When some people are still considering altcoins as shitcoins but others who were buying it at the bottom price has already made a decent profit. Even the biggest scam coin like BSV gets more than 100% increase in a day and i can't even believe it. BAT is a good coin but it's not so good as another coin which was generated from bitcoin today like bitcoin fork coins.
A wild pump is around us.

I am very scared of buying any altcoins aside Eth and Btc in 2020. But there are some coins that I am keeping a steady observation on, like BAT for instance and some other new projects coming up

You have really done well , like you said it's an experiment, we also await the results. Having done your homework, it's good to take the risk but those funds are too much to make a risk with. You can review that if you are not willing to lose it if things goes other ways . 

And you did what you think it will work in the future. But I hope you already research and analyze each coin before you buy, and not just to see activity because we don't know which coin that will work best for us and give the biggest profit. I think you came to the right time to invest in all of the coins you bought because right now, all coins are at the lowest price and will increase soon if the bull run comes.

Yes, it's not new method though (Old News).
All Top 100 CMC are great to Swing Trade them to make your BTC (Sats) even more, because after all only the king remains the king.

This method will work in bull market, but not in the market where we are now. When Bitcoin falls, altcoin fall more. When Bitcoin grows, altcoin grow more. And this is the reason why this strategy could work and will cumulate you more Bitcoins.

I do not really like investing in alt coins since some of them doesn't really give a good amount of profit at all. If I am going to invest, I would probably go to those altcoin that is on the rank because that is trusted by so many investors and I know that if its price dumps, it can easily recover because of the fact that it has so many consumers.

agree 100% , everyone has to start somewhere. If you are new, play with something you can afford to loose.
My key for investing in project is to see activity( if they have working product,development and main thing users)

Yes most of the shitcoins is used just for speculation, no real value. I think smart contract platforms will do quite well in 2020, its hard to predict which one of them will do the best. My biggest bet is Ethereum if they succeed with network upgrade as they have the most development going on. DeFi is crazy almost 3%eth locked up in DeFi projects.

The problem is, the vast majority of cryptocurrency investors have little to no understanding of market dynamics, nor what constitutes a good versus a bad investment.

Because of this, inexperienced investors could easily be lulled into investing in a low-cap sh*tcoin just because it apparently has a good concept, despite there being no development or spine to the project.

As such, I would actually recommend that newbie investors don't take their financial matters into their own hands. If you're not experienced, don't enter a game where experience is key—it's as simple as that.

With that said, I recommend that new, inexperienced or trigger-happy traders look for an experience crypto finance manager, who can help grow your portfolio without doing the work. 

I agree that these alts are good but i think there are many under rated projects that are just hidden under the cover due to elongated bears but i think they will easily make 50 to 100x in next bull run. Some of such projects in my opinion include power ledger, wepower, amon card, Atlant ATL, Utrust and SNX.

And I still believe most of the alts are shitcoins. Most of them sustained with Chinese people buying them like crazy. As the economic slowdown appears in China, more people would be selling them to have a dinner. NEO makes an instant failure in my analysis. Many exchanges too would suffer and hence, Chinese exchanges tokes too would be a bad choice.
https://edition.cnn.com/2020/01/13/economy/china-2020-economy/index.html

Finally i have made a decision to do this experiment generating more Bitcoins by buying shitcoins . About which i was talking on my video on YouTube in march 2019. So basically my plan was to buy some alt-coins with Bitcoin and in that way generate more Bitcoins. I have made this decision because most of the alt-coins has reached lowest points against BTC in my opinion. And proving by history they usually bounce of it. Another big reason is that Bitcoin halving is due in May 2020. This could spike up Bitcoin price and alt-coins could possible dragged with it. I cannot guarantee i will succeed but i will do an update every month or quarter on YouTube channel how am im doing with this chosen portfolio. I have a good feeling i will succeed, as i am not Bitcoin maximal and shit-coin minimalist. I am quite good at recognizing innovation. Few of my purchased coins potentially could do much better then Bitcoin price in nearest future.

So the plan is to spend 2 BTC and buy 10 alt-coins. 0.2 Bitcoin each alt-coin. I am using binance to purchase these coins and i will add them in my portfolio tracker https://www.cryptocompare.com/portfolio/ . This place is very nice where to track your crypto portfolio from desktop. I do believe 99% alt-coins are scam and will fail in future, but there also will be some who will survive. The reason i think im going to succeed is not only that these projects are useful. But i only need 1 alt-coin to do 10x in bull market against btc and the rest can fail to brake even.

My top 10 alt-coins purchased and the reasons behind it :

Ethereum - By dapp platform stats Ethereum is winning every other gen2-gen3 blockchains which are Tron,Eos etc in every aspect. Built Dapps, new users,existing users,volume and so on. Users and developers are the main key for s block-chain project to succeed. Ethereum has issues yes, there is not much room to grow. But there is constant development going on to increase platforms usability. Another thing is DeFi (decentralized finance) which got very popular in 2019 . Which basically brings banking to block-chain. This new turn on Ethereum is gaining momentum and growing every day. This will be huge in my opinion in 2020.

Chainlink - Chainlink is something unique. Currently Block-chains smart contracts cannot record data on them from outside world, they can do only on chain data. Which is timestamps,block numbers, transaction value. On their own they cannot listen to outside world which is called of chain data. But Chainlink fixes this issue, feeding this information trough decentralized oracles to smart contracts. It really made this utility token very popular in 2019, because of their massive partnership with google cloud. And on top of that they already have working product and it is been used by numerous crypto projects. It currently is looking the biggest contender to fix this issue what block chains has.

Basic attention token ( BAT) - is solving Advertisers and Content creators as myself problem ,what we have currently. For example Google collects about 40-50% add revenue from YouTube adds. Basic attention token ( BAT) solves this issue with their Brave browser. Brave browser allows you to tip your favorite content creators and block companies which collects your privacy data. So how does it work , Advertiser purchases advertisement with BAT tokens which goes to users and content creators. You actually are getting paid to watch adds. So it disables the middle man like google in this case who is taking 50% cut. Technically if Brave browser platform grows, price should increase.
Monero - Monero is a privacy coin. I do believe that privacy coins will be very demanded in future. As block-chains are getting bigger and bigger adoption, eventually governments will crack down on them. And will develop software which will allow them to trace and get user privacy data. This could happen already this year, as recent statements from EU leaders are they need more regulation on Crypto and block-chain. Monero is one of the oldest privacy coin out there. And these events around possibly could spike up Monero price. I don't want to hype it to much, but privacy was one of the main feature why Bitcoin was invented.
Neo - neo is 3rd generation blockchain similar as Ethereum. Neo comes out of China, which is one of the main reasons why im choosing this smart contract platform. Recent statement from Chinese president Xi Jinping that they have to adopt block-chain technology  in their country. This statement made me very bullish on NEO. 3rd generation block-chain platforms really will kick of in 2020, just because the possibilities can be developed on them. I don't really think yet we have figured out what can be deployed on these platforms. We can see that as time goes by, new things are been figured out like DeFi, games, fundraising and many more. Also the price on NEO has drooped about 20x since all time high. And recent volume has been growing on NEO platform. So fingers cross, Neo going to bring us honey.
Cosmos (ATOM)
IOTA (MIOTA)
Synthetix (SNX)
Tezos (XTZ)
Cardano (ADA)

I have gone trough these projects social media channels and looked how active is the community. GitHub, is there any active development on their platform. Also is there any fundamentals and working product behind it. These are the main reasons i have picked these coins for my challenge. This is not any financial advice, i'm just looking to do a challenge/research. Is this a way to increase bitcoin in bull market by buying alt-coins. I'm playing this safe and choosing the coins from top 50 in coin-market cup. Because i do believe if coin is valuable it should at-least have some value in bear market.

video - https://www.youtube.com/watch?v=B4ison44tHk&feature=youtu.be