Investing in altcoins is a hedge over Bitcoin how true is this?

Sophokles

hero member

Activity: 1190

Merit: 516

Quote from: Obim34 on December 03, 2023, 03:06:19 AM

Just imagining, what would make Bitcoin crash in this kind of state where many people are now indulging into Bitcoin, even countries are now making it as of Legal Tender and even accepting it as part of their currency, I do not see that day coming.
Bitcoin price serves to regulate the price of other cryptocurrency as a bull in Bitcoin leads to a bull in other altcoins and any dip leads to more dip in this Altcoins so anything that leads to wipe out of Bitcoin, no other currency will be spared. Some of this Altcoins totally don't follow the rise and fall in Bitcoin, I would consider them as the shitcoins as they will make wave in the market and then in few seasons die off.
There you will begin to see other cryptocurrencies coming out to claim relevance but it now based on imagination as nothing of such can happen.

There can be anything and not sure how to express this but it is not that hard to manipulate the market. Just think there is a new issue with binance or saylor and a fud being spread in the market that they are going to liquidate their assets in the market. What will happen in this scenario in the market? This will surely have a very bad impact and people can panic to sell off their assets and withdraw their funds to their non custodial wallet. This is crypto market and you should not be so sure about anything in here. Anything can change in a matter of minutes.

Husires

legendary

Activity: 1596

Merit: 1288

Most altcoins derive their value from Bitcoin and stablecoins, and the collapse of the price of Bitcoin will put pressure on stable currencies, and therefore both effects will cause the market to decline, in addition to the fact that most altcoins have limited liquidity compared to Bitcoin, so the decline of Bitcoin will necessarily affect that liquidity, making prices fall sharply.

When you plot the Correlation Between Bitcoin Price and Altcoins you will notice a correlation between them.

Obim34

sr. member

Activity: 224

Merit: 195

Just imagining, what would make Bitcoin crash in this kind of state where many people are now indulging into Bitcoin, even countries are now making it as of Legal Tender and even accepting it as part of their currency, I do not see that day coming.
Bitcoin price serves to regulate the price of other cryptocurrency as a bull in Bitcoin leads to a bull in other altcoins and any dip leads to more dip in this Altcoins so anything that leads to wipe out of Bitcoin, no other currency will be spared. Some of this Altcoins totally don't follow the rise and fall in Bitcoin, I would consider them as the shitcoins as they will make wave in the market and then in few seasons die off.
There you will begin to see other cryptocurrencies coming out to claim relevance but it now based on imagination as nothing of such can happen.

justdimin

hero member

Activity: 3122

Merit: 672

www.Crypto.Games: Multiple coins, multiple games

Quote from: arufox on November 24, 2023, 04:33:50 AM

I think, only meme coins can offer hedging benefits but a broader scope like Defi, meme coins, and privacy cryptocurrencies. All of them can act as safe havens against Bitcoin as their ability to act as a hedge and safe haven varies depending on whether the market is in a bubble or non-bubble period.

Hedging means to reduce risks. So how come it was the meme coin are fit for it when we know that they are very risky? Most DeFi projects are risky as well. Aren't you aware that lots of hacks and scams have occurred on them on the past? And this makes them to be weaker now. As for the privacy crypto, they are also being sued by the SEC. So, I don't think they are a good choice to hedge with our money.

Never heard any crypto to be honest that are being termed as a safe heaven other than Bitcoin. The market of cryptos can move up and down but no it is not a bubble as some people are claiming. If it's a bubble then why it survive this long?

DaNNy001

hero member

Activity: 644

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: Kelward on November 24, 2023, 06:21:04 AM

Quote from: Epaper on November 23, 2023, 06:16:12 AM

Investing in altcoins is a hedge over Bitcoin is not entirely correct. Altcoin prices often have a correlation with Bitcoin prices. If the price of Bitcoin goes down, altcoins also tend to experience a decrease in price. Most of the altcoins are still highly dependent on Bitcoin price movements because Bitcoin is still the dominant cryptocurrency with strong market influence. If Bitcoin suffers a significant decline, altcoins can also be affected by negative market sentiment.

Bitcoin is the first cryptocurrency and it remains the pacesetter for every crypto coin today, this is an undisputable fact in the crypto space. Altcoins are looking to take the advantage of the coming bitcoin ATH and bull run, to also increase their assets with more investors that will be looking for alternative coins to invest and increase their profits. Without bitcoin, I doubt that we can have any significant altcoin bull run, because none can compere to the influence of bitcoin in the crypto market.

Altcoins remain alternatives to bitcoin, and for now bitcoin still dictates the bull and bear runs, for cryptocurrencies.

Bitcoin is still more preferable and everyone in the crypto space is well aware of this and that's why most long term investor that consider buying Bitcoin like also considering altcoins but they only do this only in a period like this when the bull is somehow getting close because most altcoin tend to boost very fast which for these investors is still worth trying as they can edge ofd some profits in short time with their real investment still intact with the supreme coin@bitcoin.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: Samlucky O on November 23, 2023, 09:46:15 PM

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

I think this smaller investors has no potential to make the bitcoin price to crash. Even if bitcoin price doesn't go the way they expected it to be, I don't see that as a possibility of bitcoin crash. Because smaller investors have little amount invested in bitcoin and even if they pull it out, it will not affect anything. If it were to be big holder of bitcoin like micro strategy and some other big investors with higher shears on bitcoin I would have given it a thought. But even if higher adopters pull out from bitcoin I don't even see it crashing. Because the demand of bitcoin is high and if they decide to sell all what dey have in there custody people would gladly buy and stack knowing truewell that bitcoin will still be bullish.

You dont see how important small buyers are to the Bitcoin market as a whole. Small players may not be able to change the market by themselves, but when they work together, they have a lot of power. Think about this: Bitcoin's value isnt just measured by its market capitalization; its also measured by how many people use it and believe it. A domino effect can happen if a lot of small buyers lose faith and pull their money out. This can change how the market feels and could cause prices to drop. You're wrong to think that the market is only affected by what big players like MicroStrategy do. In fact, Bitcoin lives off of the faith of all of its investors, no matter how big or small. Ignoring the possible effect of smaller investors is to miss the point of Bitcoin's decentralized structure.

Kelward

sr. member

Activity: 518

Merit: 317

Quote from: Epaper on November 23, 2023, 06:16:12 AM

Investing in altcoins is a hedge over Bitcoin is not entirely correct. Altcoin prices often have a correlation with Bitcoin prices. If the price of Bitcoin goes down, altcoins also tend to experience a decrease in price. Most of the altcoins are still highly dependent on Bitcoin price movements because Bitcoin is still the dominant cryptocurrency with strong market influence. If Bitcoin suffers a significant decline, altcoins can also be affected by negative market sentiment.

Bitcoin is the first cryptocurrency and it remains the pacesetter for every crypto coin today, this is an undisputable fact in the crypto space. Altcoins are looking to take the advantage of the coming bitcoin ATH and bull run, to also increase their assets with more investors that will be looking for alternative coins to invest and increase their profits. Without bitcoin, I doubt that we can have any significant altcoin bull run, because none can compere to the influence of bitcoin in the crypto market.

Altcoins remain alternatives to bitcoin, and for now bitcoin still dictates the bull and bear runs, for cryptocurrencies.

arufox

full member

Activity: 1119

Merit: 206

Next Generation Web3 Casino

I think, only meme coins can offer hedging benefits but a broader scope like Defi, meme coins, and privacy cryptocurrencies. All of them can act as safe havens against Bitcoin as their ability to act as a hedge and safe haven varies depending on whether the market is in a bubble or non-bubble period.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

It is indeed realistic expectation that altscoins will follow Bitcoin, either it is crash or surge. This aligns with my observations over the years in cryptocurrencies market. Bitcoin's widespread recognition is based on its inherent qualities that make it an outstanding asset and method of payment. It is important to note this popularity and confidence of investors is not result of any advertising campaign.

There are several promising projects like Ethereum, Solana, ADA , DOT and others in altscoins market, hold the potential for strong performance in upcoming bullish market.

Samlucky O

sr. member

Activity: 406

Merit: 303

The great city of God 🔥

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

I think this smaller investors has no potential to make the bitcoin price to crash. Even if bitcoin price doesn't go the way they expected it to be, I don't see that as a possibility of bitcoin crash. Because smaller investors have little amount invested in bitcoin and even if they pull it out, it will not affect anything. If it were to be big holder of bitcoin like micro strategy and some other big investors with higher shears on bitcoin I would have given it a thought. But even if higher adopters pull out from bitcoin I don't even see it crashing. Because the demand of bitcoin is high and if they decide to sell all what dey have in there custody people would gladly buy and stack knowing truewell that bitcoin will still be bullish.

Epaper

full member

Activity: 790

Merit: 112

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Investing in altcoins is a hedge over Bitcoin is not entirely correct. Altcoin prices often have a correlation with Bitcoin prices. If the price of Bitcoin goes down, altcoins also tend to experience a decrease in price. Most of the altcoins are still highly dependent on Bitcoin price movements because Bitcoin is still the dominant cryptocurrency with strong market influence. If Bitcoin suffers a significant decline, altcoins can also be affected by negative market sentiment.

SlimShadyMmp

full member

Activity: 1470

Merit: 103

COMBO 2.0

Sometimes BTC dumps and altcoins dumps too maybe even harder but most of the times when BTC makes a recovery Alts not all can make significant gains on the way up especially the ones that gets their hype right at the time or projects that tends to gets their updates announcement right around recovery

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same

It's an observation I've also come to make too. Whenever Bitcoin dips, alts (most) also dips. Bitcoin activity is a precursor to alts behaviour. If anyone watches closely they should be able to decode all that. Most times I take my cue from Bitcoin to find entry points in alts I'm buying. It's the same pattern that makes alts gain momentum and push into bull rally after Bitcoin must've had its. Investors take out the profit they make during Bitcoin bull and ploy into alts to chase further profit and that gives rise to bullishness in alts. I expect that scenario to come up again when Bitcoin records a new ATH after its halving.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: libert19 on June 24, 2023, 12:02:15 AM

Untrue, hedging with alts won't work as long as Bitcoin is king of market.

And since this is never going to change then we can discard the possibility of using altcoins as a hedge against bitcoin or any other asset, when people think of a hedge they often think on some of the most solid investments you can make, like real estate, gold and now they think of bitcoin as well, altcoins in general are not something we can associate with being a solid investment, and since this is never going to be the case we must forget about this idea of using altcoins in this way.

Rampagoe004

sr. member

Activity: 1568

Merit: 324

https://duelbits.com/

This is something ambiguous. This is true but also not. What we have seen in recent years is that ALtcoin will follow the price of Bitcoin. This happens because of the system and market psychology. Everyone thinks Bitcoin is King. If the king has fallen then psychologically people will sell their altcoins too.
If BTC experiences a price increase, there will be many new investors who will buy BTC and they will definitely buy ALtcoins.

This is how trading in cryptocurrencies works.

libert19

hero member

Activity: 2520

Merit: 952

Untrue, hedging with alts won't work as long as Bitcoin is king of market.

Rengga Jati

hero member

Activity: 2072

Merit: 656

PredX - AI-Powered Prediction Market

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future ....

What happens is just the opposite, the altcoins market usually follows Bitcoin. If Bitcoin falls, then the prices of most altcoins will also fall. There may be some that don't, but the comparison is very small. Most of course will follow the Bitcoin price. We've encountered it many times, both in bearish and bullish. Both in the era of positive trend and negative trend.

Hypnosis00

sr. member

Activity: 2422

Merit: 343

Quote from: Silberman on June 23, 2023, 03:55:15 PM

Quote from: avikz on June 23, 2023, 02:03:25 PM

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

Surely it's a hedge but a bad one! You agree or not, but when Bitcoin drives down, the entire market follows the same trend. So using altcoins as a hedge to Bitcoin is a bad choice which will surely bring financial disaster.

If you really want to hedge, buy gold. It will not give you a huge amount of return but it will surely protect your capital. Gold can be a good hedge for the economic downturn as well without any doubt. Look at its historical data.

True, anything can be used as an hedge to try to protect yourself from a market downturn, but this does not mean the hedge will be any good, and we have historical evidence this is the case for altcoins, altcoins have a high correlation with bitcoin, basically meaning that they follow closely the movements of bitcoin, so if bitcoin goes up altcoins go up and when bitcoin goes down then altcoins go down as well, however the magnitude of the altcoin movements is higher, meaning that when bitcoin goes down and crashes, the crash that altcoins suffer is even greater.

That's the reason why when there is a market crash, people are selling off their altcoins and buying Bitcoin as a scapegoat. We are thinking that Bitcoin would save us from losses if ever we stay in crypto during the bear season as the altcoins crash more than Bitcoin. And this is also the reason why Bitcoin always shows recovery first as the demand had grow faster dues to the switching status of the investors - from altcoins - Bitcoin. Maybe we can say it was the design of the market and if we are in crypto space for many years, we surely know the sentiment of the market.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: avikz on June 23, 2023, 02:03:25 PM

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

Surely it's a hedge but a bad one! You agree or not, but when Bitcoin drives down, the entire market follows the same trend. So using altcoins as a hedge to Bitcoin is a bad choice which will surely bring financial disaster.

If you really want to hedge, buy gold. It will not give you a huge amount of return but it will surely protect your capital. Gold can be a good hedge for the economic downturn as well without any doubt. Look at its historical data.

True, anything can be used as an hedge to try to protect yourself from a market downturn, but this does not mean the hedge will be any good, and we have historical evidence this is the case for altcoins, altcoins have a high correlation with bitcoin, basically meaning that they follow closely the movements of bitcoin, so if bitcoin goes up altcoins go up and when bitcoin goes down then altcoins go down as well, however the magnitude of the altcoin movements is higher, meaning that when bitcoin goes down and crashes, the crash that altcoins suffer is even greater.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

Surely it's a hedge but a bad one! You agree or not, but when Bitcoin drives down, the entire market follows the same trend. So using altcoins as a hedge to Bitcoin is a bad choice which will surely bring financial disaster.

If you really want to hedge, buy gold. It will not give you a huge amount of return but it will surely protect your capital. Gold can be a good hedge for the economic downturn as well without any doubt. Look at its historical data.

Games.Bitcoin

member

Activity: 322

Merit: 11

Tontogether | Save Smart & Win Big

This statement is not true that alt investing on Bitcoin is a hedge. However, the fact that all altcoins are sustained depends on Bitcoin investment. If bitcoin falls no altcoin will survive. But investing in altcoins can be more profitable than investing in Bitcoin. Bitcoin cannot be leveraged 100x. This can cause serious problems in the market. Alt coins will go up a lot if Bitcoin bull runs.

Similarly, during a bear market Bitcoin and altcoin 60% and 99% can be lost or many altcoins become worthless.

zonefloor

hero member

Activity: 1876

Merit: 524

this is entirely due to the fact that the first crypto money was bitcoin and it was the beginning of crypto money technology. For this reason, if things go wrong by bitcoin, the crypto money industry will take a serious hit and there may be no such thing as the crypto money market. Because he is the pioneer. But since people trade based on bitcoin movements and trust bitcoin, I don't think such a situation can happen. The market is completely dependent on bitcoin movements. Although I think that a bad scenario for Bitcoin can only happen if there are serious bans by the states, I do not think that it will be seriously hit even in such a case.

Doan9269

hero member

Activity: 812

Merit: 560

Quote from: Wexnident on May 29, 2023, 09:04:30 AM

I don't think people don't expect alts to follow when Bitcoin crashes, more like there's more room for profit in altcoins than Bitcoin.

Altcoins are nothing than projects full of illusions that people take higher risk to achieve something profitable from while the chances for earnings this income are very low and the risk very high, no ome will in his right state of mimd assume bitcoin to crash since it's an acceptable means of making payments for goods and services, just that it's a decentralized digital currency, which still means other cryptocurrencies may fail but bitcoin will remain.

Quote from: Wexnident on May 29, 2023, 09:04:30 AM

We may say that the crypto market is highly volatile, but Bitcoin isn't really that volatile compared to what it was in the past, or what other altcoins can grow into

Cryptocurrencies in general are very volatile and unpredictable, but the altcoins are more very volatile than expected because they easily effect any chances, if bitcoin go dip a little other cryptocurrencies fall heavily, same thing occurs the opposite direction, but bitcoin always take the lead and more reliable to take for an investment because you won't be scammed and it value will always appreciate.

Wexnident

hero member

Activity: 2576

Merit: 666

I don't take loans, ask for sig if I ever do.

I don't think people don't expect alts to follow when Bitcoin crashes, more like there's more room for profit in altcoins than Bitcoin. We may say that the crypto market is highly volatile, but Bitcoin isn't really that volatile compared to what it was in the past, or what other altcoins can grow into. A 1000% chance of growth is something pretty unrealistic that we'd probably never get to see again in the Bitcoin market, but it isn't exactly impossible with alts, with how some meme coins are even able to get said numbers.

I also highly doubt we'd ever see investors grow doubtful of crypto, since by the time that that's possible, it would've grown to what it was actually intended to be, a currency.

Doan9269

hero member

Activity: 812

Merit: 560

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow

Bitcoin will not crash for bow and if the worst ever happened then expect that altcoins would have not been in existabce over a long time before the crash, bitcoin is what other cryptocurrencies depends on, it's the leading cryptocurrency and the only decentralized digital coin.

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity

Once bitcoin fall a little, other cryptocurrencies fall heavily, in which it has always been the norms over time and same applies to when it rises as well, when bitcoin go dip is not a time to begin to fear about the currency, but a moment to take it believing that after every fall comes a rising.

cryptoaddictchie

legendary

Activity: 2100

Merit: 1321

Fully Regulated Crypto Casino

Not really. Bitcoin is the number 1 marketcap and has been paired too on other altcoins so if in any case bitcoin goes down a lot of projects in alts will be affected that much maybe except to those that dont have pairing on bitcoin since its an independent one but due to market it still being dragged too so Its still dangerous. Alts has more chance to moon but also subject to a heavy loss too compared to bitcoin.

vv181

legendary

Activity: 1932

Merit: 1273

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

note BTC no longer advertise itself but it's high demand rate and value does.

As far as I'm aware of there are no entities that dare to advertise in the name of Bitcoin, most people or entity simply just advocates Bitcoin. Currently, bitcoin awareness and exposure mainly did not come from its demand and value, some also support the use case.

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it.

The growth rate is not a major problem, there is an inherent and intrinsic value like what are the expenses to produce bitcoins. If the demand is still there, it won't be a problem.

yazher

hero member

Activity: 2184

Merit: 585

You own the pen

Quote from: Ojima-ojo on May 28, 2023, 09:47:43 AM

One of the primary features that bitcoin have sustained for long is its stability and continuity and this is what altcoin doesn't have and that stability is what makes bitcoin to be the main chain that propels the entire cryptocurrency market and also to say that Bitcoin is a first and main coin in the entire industry make other coins to depend hugely On it market outlook to determine their price.

Some take the hype in the altcoin market to mean popularity and usability that is sustainable, but then time have exposed a lot of secrets and most of them don't last long before fading off the market.

At the end of the day, Altcoins will be just an altcoin and if no more support from its investors or updates from its owner or any development, it will surely just turn to shitcoins there is no doubt about it because we witnessed such an event throughout the time and the developers are fast to create new altcoins than they improve or develop their project. History always repeats itself and they always do that because they know there are lots of newbie investors waiting to invest in new projects. If only there will be no investors who buy such altcoins before they prove themselves to be legit, the number of newly created altcoins will be greatly subsided but in reality that's not the case right now.

jossiel

hero member

Activity: 2842

Merit: 625

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

There is no other movement for the market aside from that two, it's actually either bullish or bearish and no other than that.

You choose your own self phase of investing on this market. If you think that you don't need Bitcoin on your stash, think again or be firm with that thought of yours.

But if you think that there's a need for you to have at least a bit of it then do it. Most of the Bitcoin maxis don't look at the need of having an altcoin and there goes the bullish folks in Bitcoin but understands that there's a need to diversify even for a bit with some good altcoins.

fat buddah

full member

Activity: 336

Merit: 102

Get Ready to Make money.

Most altcoins just follow Bitcoin, but has a lot more risk. I don't think they can be a hedge over Bitcoin, it can be only the other way around.

Smitty Werben Man Jensen

full member

Activity: 1568

Merit: 100

COMBONetwork

Quote from: MAAManda on May 29, 2023, 02:40:35 AM

Quote from: adaseb on May 29, 2023, 01:26:39 AM

I think investing in Alts is more of a leverage of investing in Bitcoin. Basically Bitcoin won’t do a 100x ever. However some alt coins can. So if you are 100% that the Bitcoin bull run has started you are better off owning alts because they will go up multiples times compared to Bitcoin itself.

I agree with you, investing in altcoins is more profitable than Bitcoin if a bullrun occurs, but do we know exactly when a bullrun will occur? the answer is "No". Therefore, Bitcoin is the only safe haven commodity that's better invested in than altcoins. High risk will result in high losses/profits too, so, be wise in buying coins/tokens in crypto.

It's true Bitcoin is a safe investment and it's beyond doubt and long term it's well worth it,
for altcoins we need to choose correctly and of course always do research before buying,
as much as possible to minimize risk.

MAAManda

hero member

Activity: 1540

Merit: 725

Quote from: adaseb on May 29, 2023, 01:26:39 AM

I think investing in Alts is more of a leverage of investing in Bitcoin. Basically Bitcoin won’t do a 100x ever. However some alt coins can. So if you are 100% that the Bitcoin bull run has started you are better off owning alts because they will go up multiples times compared to Bitcoin itself.

I agree with you, investing in altcoins is more profitable than Bitcoin if a bullrun occurs, but do we know exactly when a bullrun will occur? the answer is "No". Therefore, Bitcoin is the only safe haven commodity that's better invested in than altcoins. High risk will result in high losses/profits too, so, be wise in buying coins/tokens in crypto.

adaseb

legendary

Activity: 3808

Merit: 1723

Up to 300% + 200 FS deposit bonuses

I think investing in Alts is more of a leverage of investing in Bitcoin. Basically Bitcoin won’t do a 100x ever. However some alt coins can. So if you are 100% that the Bitcoin bull run has started you are better off owning alts because they will go up multiples times compared to Bitcoin itself.

The same is true in reverse. During a bear market Bitcoin will lose maybe 80% but alts can lose 99% and then lose another 99% and become worthless.

Promocodeudo

sr. member

Activity: 434

Merit: 254

Quote from: Gallar on May 28, 2023, 08:00:45 AM

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow,

Another coin is in this crypto asset, because it was pioneered by the presence of bitcoin in this world. Therefore now bitcoin remains the best, most qualified, and most in demand, compared to other altcoins. Then if only bitcoin falls down, will other coins fall too. If you look at it from all aspects, I think other coins will definitely fall too. Because if bitcoin falls to the bottom, it is certain that crypto investors will lose confidence in crypto assets. Therefore other coins will also be carried away by this. But that doesn't mean that other altcoins will be completely destroyed and crypto will disappear. But it is certain that the number of people investing and trading in crypto will decrease dramatically. So what is certain is that if bitcoin is destroyed, it is very likely that the crypto world will also slump and it will definitely take a long time to get back up. Because it cannot be denied, bitcoin is the essence of the deepest and most comprehensive cryptocurrency.

Bitcoin Remains the best and always will it be, this coin controls other coin thats why whenever it drops in price some investor that understand it will buy more because they know that it has come to stay and the indistructive native made it so, somany people see this currency in different perspective, just imagine a currency thats not printed anywhere with this level of value and pronouncement, if finally made handy that's to say it will bum more than any other Fiat currency, don't you think that's why Government of different countries don't want to adopt it as a legal tender because the see it as a threat to thei individual wealth, this currency is not controlled by one person it is the collective decision of individuals approved by the system that continue to make this currency a success.

Nwada001

hero member

Activity: 700

Merit: 673

I don't know what gives those people the mind to think so, maybe because they are the creators of all crypto currencies. . Joke apart.
But in as much as we all believe in Bitcoin, the reason is that it has gained our trust more than all other digital currencies because of its true decentralization, and it's also being addressed as the father of all crypto currencies. If Bitcoin breaks down now, like you have said, there is a lot of possibility that every other crypto will fall. This is because a lot of people will lose faith in Bitcoin, and you know what will happen to the entire crypto market: it will be enough to break down the entire market system.

But to some point, I still think most cryptos will struggle to survive because their prices are not really backed by Bitcoin, and the price of Bitcoin only influences it a little. So such coins will try so hard to stand out and take the place of Bitcoin, but trust will never be there; a trust broken is hard to rebuild.
Those are just mere assumptions, which might definitely not come to reality, even if not this century.

Ojima-ojo

hero member

Activity: 826

Merit: 481

One of the primary features that bitcoin have sustained for long is its stability and continuity and this is what altcoin doesn't have and that stability is what makes bitcoin to be the main chain that propels the entire cryptocurrency market and also to say that Bitcoin is a first and main coin in the entire industry make other coins to depend hugely On it market outlook to determine their price.

Some take the hype in the altcoin market to mean popularity and usability that is sustainable, but then time have exposed a lot of secrets and most of them don't last long before fading off the market.

Gallar

sr. member

Activity: 742

Merit: 346

Quote from: Promocodeudo on May 28, 2023, 07:01:48 AM

What makes people think that if Bitcoin crash other coins won't follow,

Another coin is in this crypto asset, because it was pioneered by the presence of bitcoin in this world. Therefore now bitcoin remains the best, most qualified, and most in demand, compared to other altcoins. Then if only bitcoin falls down, will other coins fall too. If you look at it from all aspects, I think other coins will definitely fall too. Because if bitcoin falls to the bottom, it is certain that crypto investors will lose confidence in crypto assets. Therefore other coins will also be carried away by this. But that doesn't mean that other altcoins will be completely destroyed and crypto will disappear. But it is certain that the number of people investing and trading in crypto will decrease dramatically. So what is certain is that if bitcoin is destroyed, it is very likely that the crypto world will also slump and it will definitely take a long time to get back up. Because it cannot be denied, bitcoin is the essence of the deepest and most comprehensive cryptocurrency.

Mate2237

hero member

Activity: 700

Merit: 577

Eloncoin.org - Mars, here we come!

Op it bitcoin that sustain all other altcoins so if bitcoin fall today no altcoins will survive. Why because they will all are the same people. That will the language for human being but so far so good, as the long run of bitcoin in the 14th anniversary in the ecosystem of the blockchain. And the crash of bitcoin and s not practical expected as you put it. It is only you the user of bitcoin can crash out and not bitcoin. Whenever you are tire of the system you are liable to leave and that is you crash out and whenever you have money you can come back again.

Promocodeudo

sr. member

Activity: 434

Merit: 254

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

Topic: Investing in altcoins is a hedge over Bitcoin how true is this? (Read 317 times)