Investing in Alts instead of Bitcoin for far greater returns (or losses) - page 2.

GucciBoy

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Quote from: RealMalatesta on January 27, 2020, 01:49:50 PM

Aren't we all taking a bit of a risk here? Wasn't bitcoin essentially build around people who took risks as well? I am not saying you should do it, if you feel you would be doing something too risky maybe this is not for you however what people are doing is not weird, it is what bitcoin was build upon.

When Satoshi Nakomoto first created bitcoin, only a handful of people knew about it, with time it got wider audience and even started to worth some money and one day it went to 3 dollars per bitcoin, people were really shocked but wanted a taste of it, nowadays that bitcoin worths close to 9 thousand and was once 20 thousand dollars each. Top 20 is not the bad horrible coins, sure there are some like bch and bsv or even xrp if you ask me that are scammy and shady but the legit ones are actually trustworthy coins that worths the risks.

Any cryptocurrency is a "risk", BTC included. I believe use case, and tech is the most important thing to look after when deciding which project you want to throw your money at.
There are so many useless, vaporware projects out there that shouldn't have any value, yet does.

Been eyeing Blocknet for a while, and believe it's one of the hidden gems out there, due to their DEX platform. As a node owner (Requiring 5000 BLOCK), you'll be able to profit from DEX trading fees through your node. Once DEX's becomes the industry standard, you'll be able to make a boatload of money off fees, including their decentralized oracle network (Read up on the XRouter, and XBridge tech for more info on that).

All this combined provides 3 income streams as a node owner:

Block Rewards
DEX Fees
Oracle Fees

adroitful_one

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Quote from: DDante on January 28, 2020, 03:32:14 AM

Quote from: Hairynipples on January 21, 2020, 04:01:14 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?

You are on the safer side since you invest in top 20 altcoins but still why exclude bitcoin? Taking out profits from time to time can make you double your bitcoin in no time, just look how bitcoin is pumping between 9k and 8k, buying low and selling high will bring better profit in short time

Or another thing you could do that will possibly work out pretty well is just hold Bitcoin until you make a pretty decent profit, then trade the Bitcoin for whatever altcoins you want to hold. I think as more people start cashing in their profits from holding Bitcoin for this last little while, we should start seeing more of them investing in altcoins and the price of those should start going up. I don't have any charts to back it up, it's just a theory I have. Seems logical to me that people will start looking for other investment opportunities whenever they cash out their Bitcoin profits.

BigBos

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Quote from: FanEagle on January 28, 2020, 10:05:40 AM

You might actually find yourself in profits if you are having intentions to hold coins for long term. There are few coins which are on few satoshi at the current market but they might show you huge growth in the coming markets. Also choosing top 20 coins to diversify your investment is a good concept to keep yourself away from the scam coins which could easily be manipulated by the big whales.

Moreover, as you mentioned BSV and BCH as shitcoins, I would suggest you to consider their graphs once. Even those coins(shitcoins according to you) have made an immense growth and they might even be beneficial from the top 5 coins from the coinmarketcap. You can actually follow the trend by adding some of your own research and I am sure you would soon see your $2000 growing.

holding 20 types of a top altcoin is pretty good, it's just that it's difficult to control. even more so if each coin has a small asset value. however, I would rather focus on a few altcoins than 20 types, or you can focus on ethereum. however, at this time the development of altcoin which is approaching bitcoin is ethereum. so, maybe it's better to have several altcoins with fantastic asset values than to have lots of altcoins but their value is small.

FanEagle

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You might actually find yourself in profits if you are having intentions to hold coins for long term. There are few coins which are on few satoshi at the current market but they might show you huge growth in the coming markets. Also choosing top 20 coins to diversify your investment is a good concept to keep yourself away from the scam coins which could easily be manipulated by the big whales.

Moreover, as you mentioned BSV and BCH as shitcoins, I would suggest you to consider their graphs once. Even those coins(shitcoins according to you) have made an immense growth and they might even be beneficial from the top 5 coins from the coinmarketcap. You can actually follow the trend by adding some of your own research and I am sure you would soon see your $2000 growing.

slaman29

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Quote from: RealMalatesta on January 27, 2020, 01:49:50 PM

Aren't we all taking a bit of a risk here? Wasn't bitcoin essentially build around people who took risks as well? I am not saying you should do it, if you feel you would be doing something too risky maybe this is not for you however what people are doing is not weird, it is what bitcoin was build upon.

When Satoshi Nakomoto first created bitcoin, only a handful of people knew about it, with time it got wider audience and even started to worth some money and one day it went to 3 dollars per bitcoin, people were really shocked but wanted a taste of it, nowadays that bitcoin worths close to 9 thousand and was once 20 thousand dollars each. Top 20 is not the bad horrible coins, sure there are some like bch and bsv or even xrp if you ask me that are scammy and shady but the legit ones are actually trustworthy coins that worths the risks.

I think Bitcoin was a huge huge risk that's for sure but it was also built by people who understood the true risk of fiat and probably even got burnt by fiat and wanted a way to control their own money. They knew they would be successful in that, they didn't know if their circle of money would also be accepted by others. Alts yes, the same risk, but very different motivations.

TopT3ns

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I think investing in bitcoin can provide benefits in the future because because of the growing growth of the year it will make the price very expensive because it will be increasingly difficult to get bitcoin so the price of bitcoin will be more expensive, so I think you should be able to take advantage of the bitcoin price movements to be able to get many advantages in bitcoin.

DDante

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Quote from: Hairynipples on January 21, 2020, 04:01:14 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?

You are on the safer side since you invest in top 20 altcoins but still why exclude bitcoin? Taking out profits from time to time can make you double your bitcoin in no time, just look how bitcoin is pumping between 9k and 8k, buying low and selling high will bring better profit in short time

TemTum

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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

RealMalatesta

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Aren't we all taking a bit of a risk here? Wasn't bitcoin essentially build around people who took risks as well? I am not saying you should do it, if you feel you would be doing something too risky maybe this is not for you however what people are doing is not weird, it is what bitcoin was build upon.

When Satoshi Nakomoto first created bitcoin, only a handful of people knew about it, with time it got wider audience and even started to worth some money and one day it went to 3 dollars per bitcoin, people were really shocked but wanted a taste of it, nowadays that bitcoin worths close to 9 thousand and was once 20 thousand dollars each. Top 20 is not the bad horrible coins, sure there are some like bch and bsv or even xrp if you ask me that are scammy and shady but the legit ones are actually trustworthy coins that worths the risks.

wozzek23

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Quote from: Pelunize12 on January 27, 2020, 04:12:49 AM

Quote from: Santri on January 25, 2020, 04:18:21 AM

actually you are not stupid because putting money on lots of altcoin but this is too dangerous, maybe you can have a lot of money if altcoin also pumps in 2020 but if altcoin only has prices like now or more down then you will regret it. if I were you I would still choose bitcoin as the largest portfolio

altcoin has greater risk and reward. I think as long as we have strategy to do with alt, it is not wrong
We must know what we are doing in investing. Bcz we can evaluate if there is mistake happened
Actually, no matter the price up or down. Bcz in crypto can take long and short position. The matter is how we predict the price well and using money management

High volatility of the markets opens doors for a lot of investors to make quick profits from the ups and downs. There are chances to lose those amount we invested but if we can afford to make huge research about the coin we are investing into than we would never face any loss.

You should have the ability to understand the technical analysis and also to dig some background research about the coin to find out their product, actual demand for their product, accumulation of big whales, etc. Also as you mentioned, we can surely have profits from the bear markets too and thanks to leverage trading but never assume leverage trading as the easiest trading. There are huge risks hidden in leverage trading too.

Pelunize12

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Quote from: Santri on January 25, 2020, 04:18:21 AM

actually you are not stupid because putting money on lots of altcoin but this is too dangerous, maybe you can have a lot of money if altcoin also pumps in 2020 but if altcoin only has prices like now or more down then you will regret it. if I were you I would still choose bitcoin as the largest portfolio

altcoin has greater risk and reward. I think as long as we have strategy to do with alt, it is not wrong
We must know what we are doing in investing. Bcz we can evaluate if there is mistake happened
Actually, no matter the price up or down. Bcz in crypto can take long and short position. The matter is how we predict the price well and using money management

adroitful_one

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Quote from: johnwest on January 25, 2020, 01:05:57 PM

Investing alts is not always profitable and if you are planning to hold for a longer time then it is never a good idea. Holding more than 80% of your portfolio in Bitcoin is always preferred. Alts may give you a higher profit but dont forget that it can go down anytime and you will never get back your investment.

No, but as people start to cash in their profits from holding Bitcoins, they'll start to look at other places to make a little bit of profit from. Most of them will invest in other top coins and that will help the price of altcoins out tremendously. I think as we get over $10,000, we'll start seeing people cashing out their profits from holding Bitcoin for the last while and buying into other coins to try and match that profit.

BigBos

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Quote from: Hairynipples on January 21, 2020, 04:01:14 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?

20 altcoin is too much, and we don't know whether the percentage will be even or not. more filtering among the 20 altcoins and holding back better, that's only advice, you can take it, and you can skip it. so far, I've only held bitcoin and ethereum. I focused on the two coins because I think this year, an increase in the price of altcoin will make these two coins rise. however, I think you need to include BCH and BCH SV in your portfolio. This month the two coins that you consider junk have a greater percentage than the other coins, even bitcoin.

Viscore

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You are BRAVE, based on the trends in the last 5 years, investing in altcoins is more profitable than investing in bitcoin.
True that you are talking a higher risk than investing with bitcoin, but the amount of profit would be enormous if every you succeed, the good thing is you can afford to lsoe your $2000 and you let go of it.

choosing the top 20 in the market is a wise choice IMO, you are clever enough because when times that market turns into bullish, those major altcoins will always lead the way.

some facts.

https://qz.com/1169000/ripple-was-the-best-performing-cryptocurrency-of-2017-beating-bitcoin/

kateycoin

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I'm still invest in bitcoin but of course we can see that some altcoin that have a great value that will good to invest. It depends also in the situation of the crypto market. Also we know that all is most focusing in bitcoin price than to alts so some investors still choosing bitcoin to invest.

sockpuppet1911

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Quote from: Hairynipples on January 21, 2020, 04:01:14 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?

Possibly all 3, but aren't we all. Most likely outcome will be that you don't lose much in dollars but you lose a lot against btc value unless there will be insane alt season from out of the blue. But i think that's still far away so there might be a pump but that might as well be a lot less in btc pair.

Hairynipples

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Quote from: nekonyun on January 26, 2020, 02:25:10 PM

your decision is good and brave, I myself also hold altcoin top coinmarketcap which has cheap prices such as, xrp, bat, eos, xlm because altcoin top coinmarketcap will not die unlike shitcoin which every day trading volume decreases and finally shitcoin die

You and I are on the same page

I too only invested in top Alts from the top 13 at CMC with real use cases such as ETH,BNB,TRX,EOS and ADA.

nekonyun

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your decision is good and brave, I myself also hold altcoin top coinmarketcap which has cheap prices such as, xrp, bat, eos, xlm because altcoin top coinmarketcap will not die unlike shitcoin which every day trading volume decreases and finally shitcoin die

julius caesar

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If the main goal of your investing is to have a secured income for a future, you better go to bitcoin since it is a long term investment unlike altcoins that increases its price for a short period of time. Also, the altcoin price is having a hard time to recover when the price of it goes down unlike bitcoin since it has a help coming from its trusted investors. So I would suggest that go to bitcoin or split your investment into bitcoin and altcoin.

Onuohakk

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Investing in top altcoin is a good tactics. Assuming you've much of altcoin token in your portfolio, like about 30,000 tokens. And the bull run starts. It happens that each of the altcoin goes above 80x as the profit. What exactly will be your stories.
It's not about investing mostly on bitcoin, but at times you gat to channel your investment to top altcoin

Topic: Investing in Alts instead of Bitcoin for far greater returns (or losses) - page 2. (Read 1490 times)