Investing in Alts instead of Bitcoin for far greater returns (or losses)

slaman29

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Quote from: SlimShadyMmp on February 07, 2020, 12:36:43 AM

BTC most of the time determines the prices of other altcoins though there is some slight resistance i really dont think is that much so i will advice you watch the market closely and get out as soon as you take much better profit

It doesn't determine alt price, but it does determine how well they'll perform. Bitcoin can't say for example if XRP can be $100, but it can lead to XRP gaining a certain percentage of price. Also, if Bitcoin does really well, more exchanges are likely to open up even more token pairs with BTC to improve liquidity, hence make trading of it available (and impact demand).

Samthehero

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Alts have a much higher beta than Bitcoin. You may lose the house betting on some alts.

patz22

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Currently, BTC is dominating the market and it is pumping, longers are winning it for now but who knows if this is just a bull trap though when it comes to altcoins since they are bleeding or pumping little by little, it is also good to take the risk since possibly it can be a bull run for the whole market though it is really hard to choose with a lot of coins in the market.

Febo

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Quote from: SlimShadyMmp on February 07, 2020, 12:36:43 AM

BTC most of the time determines the prices of other altcoins though there is some slight resistance i really dont think is that much so i will advice you watch the market closely and get out as soon as you take much better profit

Not always. In 2019 Bitcoin almost doubled in price, while most of alts stayed the same or even lost value. It will for sure not be same in 2020. Every coin have some own flows. Yes some are more connected to Bitcoin some are way off. Coins without any use case will slowly go towards zero no matter what.

jacafbiz

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I believe BTC will still give a decent to good return again this year also I have a feeling all these Bitcoin forks will outperform it and we can see that. I have been saying this since January that people need to watch out for these forks because they are very easy to pump their prices and they will also want to claim legitimacy because this i the first halving some of them will experience affect fork

ElephantPro

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Quote from: posi on February 07, 2020, 10:52:25 AM

Quote from: ElephantPro on February 06, 2020, 08:15:39 PM

My portfolio consists of Bitcoin + what I'm willing to lose on shit coins. I mean if one of them goes 1,000x, that's the dream.

There's a chance for some good altcoin to get the x1000 you said but that occasion will be determined by the outcome result of the upcoming bitcoin halving and i believe accumulating more of the coin which will determine what will happen in the market is the safer way to invest.

I mean yeah. Bitcoin is still king.

posi

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Quote from: ElephantPro on February 06, 2020, 08:15:39 PM

My portfolio consists of Bitcoin + what I'm willing to lose on shit coins. I mean if one of them goes 1,000x, that's the dream.

There's a chance for some good altcoin to get the x1000 you said but that occasion will be determined by the outcome result of the upcoming bitcoin halving and i believe accumulating more of the coin which will determine what will happen in the market is the safer way to invest.

SquallLeonhart

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Finding those small coins that doesn't normally rank well but has a potential to go up because of the team is always a great challenge and brings a lot of profit tho. I understand some people could be scared of it but the reality is if a coin is listed at a low place but has a team that works constantly on it and has the money to do so, nobody could deny the fact that people would be able to find a diamond in the rough neither.

All you have to do is find a coin that has a good team, good developers, good marketing, good community and a great roadmap that just hasn't started deploying what they said they are working on. Its like going into a pharma company and buying stocks before it creates a new drug that will help people out in a sickness which would profit them.

Samayuki

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Quote from: Hairynipples on January 21, 2020, 03:01:14 AM

At the risk of going against what most Crypto investors suggest, I've decided to keep the majority of my portfolio consisting of projects from the top 20 Alts (apart from BSV and BCH which are shitcoins) working on the assumption that many of them are down by a far greater percentage in the last few years than bitcoin which has actually gone up

I'm well aware its a gamble but I'm prepared to run the risk of either making insanely large profits or losing my $2K investment especially after watching the markets the last few days, Alt prices have gone up and down faster than a hookers knickers Grin

Your thoughts peeps? am I stupid, brave, a pathological gambler or a combination of the the three?

I hope you are fully aware that those two coins you called shitcoin are among the most profitable altcoins presently? BSV and BCH have already give investors good profits, i still would go with BCH because the coin can easily reach 1500$ if bitcoin keeps growing, don't condemn a coin because they are forks of bitcoin, they can do better than popular altcoins

carlisle1

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Quote from: SlimShadyMmp on February 07, 2020, 12:36:43 AM

BTC most of the time determines the prices of other altcoins though there is some slight resistance i really dont think is that much so i will advice you watch the market closely and get out as soon as you take much better profit

but the problem with BTC investing is the longer of waiting not like in some altcoins that can be determined the profit in just few hours.
this is why DayTraders usually look for altcoin that might Pump in a certain occasion ,and Bitcoin remains as for long term investing when people can take a year or more before tasting their income.
this is why i choose Bitcoin because i have no time for daytrading and also i am willing to take years as this is just my extra money and not that important to mine.not unless there is emergency that i will be needing to withdraw for important reason.

SlimShadyMmp

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BTC most of the time determines the prices of other altcoins though there is some slight resistance i really dont think is that much so i will advice you watch the market closely and get out as soon as you take much better profit

Hairynipples

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Quote from: sana54210 on February 06, 2020, 03:27:03 AM

There is a fine line between being a gambler and risking stuff and being an idiot. If you keep all your money on fiat or btc, you will do not bad, but you will not do INSANELY good neither, there will not be any 10x going on at all on your portfolio.

If you buy the 754th biggest coin which will definitely be a shit coin, you will have a chance to make 10x but at the same time have the same chance to go bankrupt as well, which is a very risky in between zone.

But, if you make a portfolio of the top 20, that means they are both good, but also have a chance to go up as well, that is why its both a decent level of risk but decent level of potential reward as well, I agree that buying the top 20 with exception of some bad ones in there would be the best idea.

Just an update on my portfolio, I sold my bitcoin holdings a few days ago and went 100% all in on Alts specifically Eth,BNB,ADA,NEO,EOS,TRX and BTT.

So far in the last few days my portfolio is up by a far greater percentage than if I'd just held BTC, so fingers crossed Alt season is finally upon us

I personally think I'm far more likely to make a decent profit from Alts at least in the short term, I'm not averse to selling them at a profit for BTC though.

ElephantPro

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My portfolio consists of Bitcoin + what I'm willing to lose on shit coins. I mean if one of them goes 1,000x, that's the dream.

roaringunknown

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Great to see adoption happening on TemTum’s blockchain

Currently an average of 30,000 non exchange transactions per day and increasing - it took bitcoin over three years to hit the same milestone

The future looks promising as more and more companies and national state test out temtums blockchain

source for Bitcoin stat - https://www.blockchain.com/charts/n-transactions?timespan=all

KTChampions

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If such investments are made only with the aim of increasing the volatility and the speed rate of getting profit/loss, then I think there is a simpler option: use margin trading on bitcoin. This is a more understandable and less manipulated asset than most altcoins, so this option is very attractive. Most exchanges provide this opportunity (margin trading) now.

sana54210

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There is a fine line between being a gambler and risking stuff and being an idiot. If you keep all your money on fiat or btc, you will do not bad, but you will not do INSANELY good neither, there will not be any 10x going on at all on your portfolio.

If you buy the 754th biggest coin which will definitely be a shit coin, you will have a chance to make 10x but at the same time have the same chance to go bankrupt as well, which is a very risky in between zone.

But, if you make a portfolio of the top 20, that means they are both good, but also have a chance to go up as well, that is why its both a decent level of risk but decent level of potential reward as well, I agree that buying the top 20 with exception of some bad ones in there would be the best idea.

brokenrecords

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Great to see the TEM/BTC pairing has more volume than the Ripple (XRP), Hashgraph (HBAR), Tron (TRX), ZCASH (ZEC) BTC pairings - and its only been listed just over a week !

milewilda

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Quote from: Hairynipples on January 21, 2020, 03:01:14 AM

At the risk of going against what most Crypto investors suggest, I've decided to keep the majority of my portfolio consisting of projects from the top 20 Alts (apart from BSV and BCH which are shitcoins) working on the assumption that many of them are down by a far greater percentage in the last few years than bitcoin which has actually gone up

I'm well aware its a gamble but I'm prepared to run the risk of either making insanely large profits or losing my $2K investment especially after watching the markets the last few days, Alt prices have gone up and down faster than a hookers knickers Grin

Your thoughts peeps? am I stupid, brave, a pathological gambler or a combination of the the three?

A gambler and also a risk-taker.If you do really aim on making profits then you do need to risk and i do completely say a gamble if you do put up your money in various low ranking coins
but since you do talks or mentioned about top 20 then i say that you had done a considerable step.Its a matter of risk and yes, the rate of increase and decrease would be much painful or
rewarding since alt prices are still low.It do only have 2 outcomes either rise or down and the fact im more happy to hear that BCH and BSV are shitcoins. lol

cablelavish

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Quote from: TemTum on January 28, 2020, 01:31:22 AM

Temtum has gone 3x since it’s launch on coinall nearly a year ago, with the price steady and rising it might be one of the less risky alts out there but certainly has room to grow - much like bitcoin did in the early days

Can't wait to see Tem go to the moon!
Rumors on telegram of a national currency in their plans!

justdimin

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Honestly, it doesn't matter what you invest into in this life, most of the time its only the life that will show how much you were right and how much you were wrong. It could be bitcoin, it could be altcoins, it could be stocks, it could be gold or it could be doing your own business and putting capital into it, doesn't matter what it is, in the end if you are right or wrong will only be told by time.

Most of the time if you invest into something that has been successful so far, you will see your profit back and then some, it may take some time, just after you bought it it may fall and make you lose unrealized money but if you wait just enough you will make a profit, sometimes rarely they just fail after years of being good.

Bitcoin has been successful so far, if you invest into it, no matter if it falls right afterwards, you will eventually profit, even people who bought at 20k one day will profit, altcoins however you have to pick very careful or you will not really reach that level.

Topic: Investing in Alts instead of Bitcoin for far greater returns (or losses) (Read 1505 times)