Investing in Alts instead of Bitcoin for far greater returns (or losses) - page 4.

wheelz1200

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Quote from: DosManos on January 23, 2020, 05:58:13 PM

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?

well you are right.. why?
because many altcouns are at very low lvl in BTC pair
means you can double and triple your BTC easily
and if you want even make x10
i invest in altcoins and selling every time i double the worth of BTC then moving to the next altcoin or buying back the same altcoin when it goes down again

That sounds real simple but in reality most people go broke with this strategy. It's easy in a bull market like 2017 but those same people probably went belly up in 2018 or 19. Investing in alts is always a gamble meaning the bottom can always fall out and you could lose it all just like with any other gamble.

DosManos

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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?

well you are right.. why?
because many altcouns are at very low lvl in BTC pair
means you can double and triple your BTC easily
and if you want even make x10
i invest in altcoins and selling every time i double the worth of BTC then moving to the next altcoin or buying back the same altcoin when it goes down again

enhu

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With just a cent move of a price, you can either lose or win a big profit from an altcoin, having millions TRX in your account and the price just went 0.03$, you already doubled your money but needs the waiting. That's a good option but still with BTC you can have the assurance that you can make money with the ups and downs.

wheelz1200

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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?

Right or wrong it's a gamble. You inherently are stating yourself you believe more in bitcoin but just think these will go up a lot quicker than bitcoin will based on the amount of losses they took. That's a gamble, stupid nah people gamble on sports and everything else all the time this is no different. Good luck to you.

Hairynipples

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Quote from: lienfaye on January 23, 2020, 09:27:02 AM

Quote from: Hairynipples on January 23, 2020, 05:16:07 AM

Quote from: lienfaye on January 23, 2020, 04:33:26 AM

Though altcoins are not showing improvement somehow the current state is a good timing to invest since majority of alts are declining.

Its always good to diversify your investment so if the other didnt turn out well you have another to turn on to. This year bitcoin is quite popular due to halving so some of us chose btc over alts.

I've only invested in top Alts, ETH,BNB,EOS,TRX and ADA at the moment as I think they all have the potential to bring decent returns in the mid term

Well its a good choice but did you conduct a research before investing in these coins? Having your own understanding in each coin is important to have an idea on how these coins will perform in the coming days. The good thing about well established coins are you dont have to worry that it will lose value or be delisted in exchanges since it has a purpose and use cases unlike new coins that popping nowadays.

I did indeed do my research on the coins I invested in

The criteria I looked at were total supply, market cap, trading volume, roadmap and past and future development as well as any potential drama such as the problems plaguing BSV and craig wright.

I never have and never will invested in any of the BTC hard forks.

I also looked at price movement in the last 12 months and by how much of a percentage the various Alts had gone up or down.

For example, Ada, EOS and tron have slowly gone up in the last 3 months whereas ETH and BNB have gone down by a small amount.

bgaf

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I do have some altcoins but It doesn't include fork coins of bitcoin. Risking is one way to show how brave and your courage can be test. Likewise, I can also bought a lot of alts but Im being safe and only buy top 10 coins from the market with have a pretty good marketcap such as binance, and ether. Of course my biggest portfolio is btc. I dont want to wager lower than those coins since it is very risky and I'm not a full blown soldier but a moderate to average risk taker.

DDante

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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?

If you are ready for such risk i think you should look into new altcoins, they are far cheaper than top altcoins, the only top altcoins that are still cheap now is Tron and Chainlink, look at new projects from binance like origin protocol or celer network, all the best

BChydro

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Quote from: lienfaye on January 23, 2020, 04:33:26 AM

Though altcoins are not showing improvement somehow the current state is a good timing to invest since majority of alts are declining.

Its always good to diversify your investment so if the other didnt turn out well you have another to turn on to. This year bitcoin is quite popular due to halving so some of us chose btc over alts.

You can only trust a few alts in the market that have the potential to rally and the forks of bitcoin might rally as they are also halving along with bitcoin and we can expect a good rally in bitcoin and that can be the case with the bitcoin forks too, we have not seen how those will have an impact in the market yet as this will be first time we are witnessing that after the fork debates and lets all see how those coins will perform.

@OP Investing in a low valuation coin is always profitable but you need to find the perfect coin that can rally when the market goes higher.

[email protected]

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all investments depend on assets and moments. even though we have the best assets at the moment but if we are not at the best market moment then we will wait for a long time to be able to return our money or make a profit. even many beginners in the crypto market immediately panic when their assets decline.

BitcoinHunt3r

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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?

If i have brave maybe i will do something like you, because i think altcoin can give more returns if pumped than bitcoin and it also have bigger risk too. Maybe as long you really know what coin you invested, make research about it and confident you will be ok.

lienfaye

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Quote from: Hairynipples on January 23, 2020, 05:16:07 AM

Quote from: lienfaye on January 23, 2020, 04:33:26 AM

Though altcoins are not showing improvement somehow the current state is a good timing to invest since majority of alts are declining.

Its always good to diversify your investment so if the other didnt turn out well you have another to turn on to. This year bitcoin is quite popular due to halving so some of us chose btc over alts.

I've only invested in top Alts, ETH,BNB,EOS,TRX and ADA at the moment as I think they all have the potential to bring decent returns in the mid term

Well its a good choice but did you conduct a research before investing in these coins? Having your own understanding in each coin is important to have an idea on how these coins will perform in the coming days. The good thing about well established coins are you dont have to worry that it will lose value or be delisted in exchanges since it has a purpose and use cases unlike new coins that popping nowadays.

Naficopa

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Quote from: Hypnosis00 on January 22, 2020, 11:01:13 AM

Quote from: Naficopa on January 22, 2020, 10:35:47 AM

I also think quite often lately that Altcoins prices have fallen much more than Bitcoin price, so they should have more potential for price increases.
However, the increasing dominance of Bitcoin on the market tells me that this is not the time for Altcoins. If I had to decide how to call an investment in alts now, then at this point I would call it gambling.

It seems to hard for altcoins to recover quickly, they are dump so much that they couldn't make it for a short period of time. I believe that 2020 is another potential year for altcoins but can't deny also that 6months may not enough for the market recovery. And so, we don't need to expect a lot this year...may Bitcoin price have its strike but may not for altcoins (even ETH).

I fully agree. There is a chance that if Ethereum hardfork succeeds, the ETH price will start rising, but the other Altcoins have a much more difficult situation. If the bear market lasts a few months longer, I'm sure that even Altcoins from top 200 will have a problem of recover losses, and those from further positions will never rise again.

sovie

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I would say it's good to invest in alt coins provided bitcoin still make major portion of your portfolio. Choose alt coins wisely as many go for altcoins that are cheap and bear heavy loses. Alt coins like eth , Ltc are good for investment.

ultrloa

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Quote from: reallester on January 23, 2020, 07:10:42 AM

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?

You are right because going by what majority traders say, majority have accrued drastic profits just for holding or trading altcoins. Profits that trading btc or holding would not have given them. Just like you said, holding or trading these altcoins is a big risk. But one have to be prepared to take it. Even btc is risk on it's own.

Sometimes there's lapses if we just go on what is suggested since we should make sure that the crypto pointed out is great and have potential, and we should look the time of prediction and suggestion since the manipulation movement is fast and might we will end up left behind when the pump and dump scheme quickly happens.

LouVandetta

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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 personally think that is one of a smart move you got there. No all people are like you nowadays. I have a few other altcoins as well in my portfolio. And just a bit of btc in there. Well, the price of bitcoin keeps going down, so, I'm holding most of my assets, because most of the others are following bitcoin's.

As long as you already know the risk and you don't go beyond your limit on your investment, you should be fine, even if there's a chance of losses.

dodgrad

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The risk is that we don't know for sure if the bear market is over. At this point, we could definitely find a few altcoins that fell to the bottom and have great potential for growth. However, if the bear market lasts a few more months, it may turn out that Altcoin, which now has very good possibility to growth, will be dead in a few months.

reallester

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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?

You are right because going by what majority traders say, majority have accrued drastic profits just for holding or trading altcoins. Profits that trading btc or holding would not have given them. Just like you said, holding or trading these altcoins is a big risk. But one have to be prepared to take it. Even btc is risk on it's own.

kapalmabur

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Quote from: inanilujimi on January 23, 2020, 12:14:41 AM

while you are aware of the risk you are taking in my opinion is not a problem because we are investing to get profits or minimize losses received.
the higher the risk taken the greater the opportunity for profit, that's the choice when entering the crypto market.

good if you are aware of these risks, I'm sure you can manage risk, here I will give advice, buy Altcoin, don't be haphazard, you can get stuck for a long time and if the fundamentals of the project are weak, to predict the future is very difficult, there are several projects what you should see before investing are Waves, BTT, Ferrum, Ethereum, and ATOM, maybe this is partly, there are still many more

Hairynipples

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Quote from: lienfaye on January 23, 2020, 04:33:26 AM

Though altcoins are not showing improvement somehow the current state is a good timing to invest since majority of alts are declining.

Its always good to diversify your investment so if the other didnt turn out well you have another to turn on to. This year bitcoin is quite popular due to halving so some of us chose btc over alts.

I've only invested in top Alts, ETH,BNB,EOS,TRX and ADA at the moment as I think they all have the potential to bring decent returns in the mid term

Stanlo

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The higher the risk the higher the profit but i'm not ready to go for that, i'm better off with bitcoin investment than playing risky games with altcoins unless they are top altcoins only

Topic: Investing in Alts instead of Bitcoin for far greater returns (or losses) - page 4. (Read 1505 times)