Topic: Is it worth buying other cryptocurrencies other than bitcoin? (Read 5768 times)
Of course you have to invest not only in Bitcoin in cryptocurrencies, many other coin choices are also good, with close observation i am sure you will find other coin that is good to invest in. For me personally, I also invest in BNB, Cardano and some other coins in ERC20 to maximize my profit. So, observe carefully, do it casually and don't be in a hurry. Good luck for your investment!
In my opinion, besides Bitcoin, altcoins are very worth buying such as ETH, BNB, TRX, LTC. many people switch to buying altcoins when the price of Bitcoin experiences a high price increase. My advice, a more important factor to consider before buying another cryptocurrency is that the concept offered by the development team is really promising in the future. Ethereum example. One of the reasons it is worth investing in Ethereum is the increasing use of Blockchain technology. Ethereum has introduced dApps and smart contracts that allow users to conduct transactions without intermediaries. This attracts more and more successful crypto traders. This is because blockchain technology facilitates online payments, loan distribution, and commodity trading.
There Is So Many other Projects and Coins except btc and ethereum but btc and ethereum on top and therie is big difference between buying and investment if you want to investment in any project then you must be reserach first that the project is real and fundamentally strong and has a strong and good team and a good vision in long run , be aware from scam projects there are 99% scam projects running.
I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?
I am an investor by which I study the project very well. Utility coins are my best ones and I hold it for years specially when it is in its early age. I am also expanding my portfolio and still searching for gems. Another thing is that Top 100 coins have the most potential for profit.
Information continues to evolve, every day we will receive updates of information that is important to know because this information may have something to do with the decisions you want to make when investing. For example, when you want to invest in Altcoins, of course you have to know the current market conditions or what industry can now provide greater profit opportunities.
When you have invested a certain amount of funds, monitoring investment performance should be done regularly, monitoring its development from day to day. So that you immediately know if there is a value that drops or is experiencing a loss. In addition, monitoring is also carried out for the purpose of finding the right investment opportunities in order to avoid the risk of loss.
When you have invested a certain amount of funds, monitoring investment performance should be done regularly, monitoring its development from day to day. So that you immediately know if there is a value that drops or is experiencing a loss. In addition, monitoring is also carried out for the purpose of finding the right investment opportunities in order to avoid the risk of loss.
For long term investment bitcoin is great coin. Hodl will bring out a great result . But for short term and trade you can divide your full amount and use it in another good coins as like xrp, matic , ETH and many other coin having a big market cap . It's totally depand on your mind .
of course worth it. currently in cryptocurrencies other than bitcoin there are still many potential altcoins, for example ethereum and BNB you can use as purchase options. don't be afraid to lose because it has been tested on the crypto market and the price is lower than bitcoin
some people believe that bitcoin is the only genuine cryptocurrency but owing a little of it now costs so much and will take a longer time to make a meaningful profit. other coins apart from bitcoin are called altcoin and we have a good number of them with quality product and problem solving solution while the price is very affordable for maximum profit. all you need to do is make research about them and hop in on anyone that suits your interest.
I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?
Bitcoin is more like a precious asset, it is digital gold. It does not have what the innovative Ethereum is, such as smart contracts, the creation of tokens, decentralized applications (Dapps) and the (POS) that it will very soon have.
To invest in a cryptocurrency there must be innovation, uses in real life, developments, a verified team and partners.
Just like me you also missed your chance to bag some cheap Ethereum, buying other coins isn't a bad idea if you ask me though, cause I the crypto space it's always good to diversify your portfolio, it's good to have other coins but just remember to make sure bitcoin has the highest share, cause bitcoin sets the trend for other coins, altcoin won't pump if bitcoin doesn't make any move upward, also buy reputable coins not shitcoins.
In my case I choose to invest in altcoins because the price of bitcoin for me is too costly and I admit that I can't afford to have my 1 bitcoin but so far investing in altcoins was also worth it. I'd still wanted and yeah my ultimate dream is to have even a 1 BTC in my wallet but it seems that it would take for a long time before I can get it. There are also many altcoins today that doing great in the market but of course all we have to do is to make our own research and see what altcoins have a great future ahead.
I think it's worth buying because there are many quality altcoins projects with warm community support. Investing in altcoins is also a way to increase your wealth quickly. Of course, you should only invest a part of the asset and have a suitable strategy because altcoins have a very large fluctuation range along with potential risks inside the source code.
to increase profit opportunities, it is indeed better to divide your assets into several parts in altcoins as well.
Yep, diversifying is a proper way to improve the chance to gain bigger profits. Altcoins can increase more significantly than Bitcoin, sometimes it is just in a short time. Many people have gained millions of dollars from altcoins just for several months. But altcoins also have a bigger risk, the price can drop more severely than Bitcoin. Even some altcoins can be dead coins that have no value anymore. It can happen if we choose altcoins carelessly, no research/analysis.
to increase profit opportunities, it is indeed better to divide your assets into several parts in altcoins as well. but it should really be noted that the altcoin you choose has good potential, such as strong fundamental support, and a good ecosystem. The current altcoins are eth and bnb, both of which are showing good progress. moreover eth started implementing his plans towards ethereum 2.0
Just like me you also missed your chance to bag some cheap Ethereum, buying other coins isn't a bad idea if you ask me though, cause I the crypto space it's always good to diversify your portfolio, it's good to have other coins but just remember to make sure bitcoin has the highest share, cause bitcoin sets the trend for other coins, altcoin won't pump if bitcoin doesn't make any move upward, also buy reputable coins not shitcoins.
Of course, you are not restricted to investing in bitcoin only. The only thing you will need to be on the look out for is shitcoins and scam projects were you could lose your invested money.
About the worthiness of other coins, well bitcoin is number one coin but its gains are not as flexible as how altcoins react on the market. Afaik altcoins have better returns than bitcoin because their price is much lower and people are easily attracted to them for investment.
About the worthiness of other coins, well bitcoin is number one coin but its gains are not as flexible as how altcoins react on the market. Afaik altcoins have better returns than bitcoin because their price is much lower and people are easily attracted to them for investment.
I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?
If you want to make a true and profitable investment, you have to do everything, for example project technology, use of tokens and news. These three things must be met, to see if the coin is in good condition or not.
Bitcoin is an investment that uses large capital, almost generally this is not done by the lower middle class, even today many lower middle class people are starting to try to invest in Ethereum, besides the price is not too expensive, the condition of ethereum itself tends to be stable and profitable for bought.
You can invest as much as you want in altcoins but be careful with money management before deciding on the ratio per coin.
and There are hundreds of alternative cryptocurrencies, whichever you will invest is your decision. After making a concrete investment decisions, buy the planned altcoins in small steps so you can change your portfolio if something goes wrong on short term basis. Unless you are looking for small gains on capital go to invest in small marketcap altcoin for getting higher return on the investment.
and There are hundreds of alternative cryptocurrencies, whichever you will invest is your decision. After making a concrete investment decisions, buy the planned altcoins in small steps so you can change your portfolio if something goes wrong on short term basis. Unless you are looking for small gains on capital go to invest in small marketcap altcoin for getting higher return on the investment.
If I was going to buy coins for global technology development projects in the future so that the crypto market would be crowded, so that one day the coins I bought could go up due to the development of today's mass technology, and the tokens are beneficial for all people and the investment is not in vain so that it makes the price these coins can be expensive and many fans
In my opinion, besides Bitcoin, altcoins are very worth buying such as ETH, BNB, TRX, LTC. many people switch to buying altcoins when the price of Bitcoin experiences a high price increase. My advice, a more important factor to consider before buying another cryptocurrency is that the concept offered by the development team is really promising in the future. Ethereum example. One of the reasons it is worth investing in Ethereum is the increasing use of Blockchain technology. Ethereum has introduced dApps and smart contracts that allow users to conduct transactions without intermediaries. This attracts more and more successful crypto traders. This is because blockchain technology facilitates online payments, loan distribution, and commodity trading.
I understand most of your list but why would you have BTC and LTC within one and the same portfolio? Isn't Litecoin doing the exact same thing as Bitcoin? And what about Tron? Is Tron able to compete with Ethereum and Binance Smart Chain? To me it more and more seems that Tron will have an extremely hard time in establishing itself as a viable platform against the others. It may surely pump regardless, that is true, but from a technical point of view where is the sweet spot for Tron here?
still worth it as long as you buy the right project and have development on that project apart from just listing on the exchange.
usually projects like this take a while to develop but will be safe.
usually projects like this take a while to develop but will be safe.
I'm not sure about development part but I still think right exchange usually helps projects too. I have realised that when projects get listed on top exchange such as Okex, Binance and Coinbase always have a way of attracting masses irrespective of what they have to give to the everyone and crypto entirely. Shiba for example, the day it got listed on Binance exchange, the whole Ethereum chain became the busiest so far in it history. That's what exchange adds to this project when are in right place.
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