Topic: Is it worth buying other cryptocurrencies other than bitcoin? - page 10. (Read 5757 times)

I did buy altcoins cause i think its offer more yield than investing on bitcoin. If you take a big picture ETH perform more in 2021 than bitcoin. Before buying its true you need to do a research and i do think fudamental of the project is the main factor that make the price perform well.

Of course, because there are many top cryptocurrencies besides Bitcoin, which are also very popular in all over the world, and most importantly, these cryptocurrencies are constantly developing rapidly and bring good profit to their investors, so you should study the cryptocurrency market and top cryptocurrencies in this market in order to decide later in which top cryptocurrencies it is best to invest, and of course you can, for example, study such top cryptocurrencies like ethereum, binance coin and polkadot.

Perhaps, you can consider buying the coin is for the investment factor because now, the usage of the coin in real life is not yet implemented because of waiting for the government's approval. If you use the investment term, you only need to invest in bitcoin and leave it in your wallet without doing anything.

You do not lose yet, and you still have much time to invest in bitcoin as the price still below $40k, and the price can go down if the correction comes. You can invest in the other coins if you want, and ethereum will be the next coin that can be your investment. You can buy from a small part if you do not have much money. We buy bitcoin using that way, and we still did that until now. That is a solution for people who don't have much money but want to accumulate more bitcoin from time to time.

Of course it's worth it, because there are many good coins besides bitcoin. Altcoins like ethereum, bnb, cardano, polkadot and other big coins are good investments besides btc. when btc goes up, the altcoins that I mentioned earlier also increase. so it would be a worthy investment besides bitcoin.

It is still a matter of risk. Investing in Bitcoin is less risky, but Bitcoin is unlikely to be X10 in a short time.Investment in altcoin is high risk, but there is a possibility of X10 in a short time.If you buy for HODL, bitcoin can be said to have little risk, while altcoin has the risk of becoming zero.

Of course, it is worth buying cryptocurrencies other than bitcoin although bitcoin is the king of the crypto marke there are many currencies that are of good value ethereum BNB, the best of all altcoins after bitcoin has low risk and is profitable for long term investments like bitcoin. Advances in blockchain technology are adding new projects that will improve quality.

some people may like to trade and invest in multiple assets. but some people like BTC completely. storing and trading BTC with large capital must be very profitable.
but I myself prefer altcoins to BTC. but I also don't put my investment in many altcoin assets. only slightly. while for this season, only BNB, LTC, and LINK I manage in my wallet.
but to buy now, no big deal. bitcoin still controls the market today. and altcoin momentum is slowly building up.

Of course, I think you should spilt your investment to different coin not just on Bitcoin sometimes you would be able to earn much more on altcoins rather on Bitcoin sometimes when the Bitcoin pumps the altcoin's price were left behind and after some time it will pump, it depends how you handle or what strategy you are doing in your investment but in my opinion buying other coins rather than Bitcoin is really worth it.

Of course, there are many other high value cryptocurrencies besides bitcoin, these altcoins use blockchain technology that can be implemented in the real world, it's just that bitcoin is the first cryptocurrency in the world and is still the price reference for other altcoins. Examples of altcoins that are currently on the rise are ETH, BNB, SOL and Matic.

I buy depends on the market situation, I buy because it’s cheap and I buy because of it’s hype. You have to know how this market works and know that, if you are too focus on one cryptocurrency, you are missing a lot of things. When it comes to a new project, you must consider everything because not all are worth investing, they are new that means the risk are high as well.

You must have a your strong reasons why you are interested in the cryptocurrency. I like my privacy and decentralization, but what kind of technology do you like? I mailed "Play store" and so many places to accept crypto payment. Crypto payments are more reliable and faster than others. You can take the Ethereum and Binance coin opportunity, if you are interested in a single number. Now don't miss the next opportunity, if you have enough knowledge.

definitely the answer to your question is a simple one:

buy on the wave

I'll explain better:

in the past the wave was ICO, then the wave was DEFI and now the wave is NFT (Non-fungible token)

Note that even altcoins that had dog names increased a lot in prices and are not useful projects for society, but as elon musk supports dogecoin then it became fashionable to create dog altcoins and people followed the wave of dog altcoins

Because technology of the project, its usability and what it has to offer are important things you need to look at before buying a coin and again buying a coin other than bitcoin is worth it, as long as it is still at the top

Just an FYI you're going to get a lot of stupid answers in this section of the forum and after reading what most people have been writing in this thread, that statement is holding true.  So are there coins worth buying other than bitcoin? Yes.  Not all coins are alike either.  Ethereum is NOT a bitcoin competitor.  Ethereum is a smart contract based platform that is made for creating apps , NFTs etc.  It's main purpose is not that of a digital form of payment for normal goods and services.  Monero is another very legitimate altcoin that is different than bitcoin.  Monero, unlike bitcoin, is a fully anonymous coins.  It's the best anonymous coin out there as well (there are others such as Zcash for example).  There are a lot of other coins you can of course speculate on, but most coins are garbage.  Sure they may pump a little here and there but the majority solve no real world issue, have no true purpose other than to make somebody rich.  When evaluating a coin that is what you have to ask yourself.  What real world issue is it solving? Is it able to be used in todays world, right now?  What is it's primary function?  Who is the developer team behind it and do they have a good track record? etc.  

You mention not being able to afford either bitcoin or ethereum, but remember you can buy fractional shares.  Though if money was/is tight I commend you on not spending money on something you don't fully understand or believe to be high risk.  

Ethereum is not an ordinary coin. many projects under ethereum smart contract . and also BSC also related to ethereum smart contract. For me if the plan was going to hold for a long time then i choose coin that will impact many projects or many aspects. at least the coin does have an impact on many people. there is few coin that have their own smart contract . such polkadot . ada . eos .

You buy bitcoin and ethereum for your peace of mind. There are projects that are hyping their technology and news but they don't have anything to offer for real.
A project can have all of those that you're asking but in real life, they have zero case and use.

well, its the technology behind the coin that brings utility, so buying the coin because of the technology is same as buying the coin because of the utility, and to answer the question in the topic, it's highly worth it, I mean, aside bitcoin and Ethereum, when you visit coinmarketcap, you sure will find thousands of other coins that are super successful and have made its early investors super rich, so this is to say that making money in crypto does not end with bitcoin and Ethereum, there are several other projects out there that are highly promising and can bring a lot of money to its investors if discovered early, so it's worth it to invest in other coins other than bitcoin and Ethereum.

My guess is that you didn't do more research and that made you think that bitcoin can only be bought if it's 1 btc only. If you have known that there is smaller amount of bitcoins having it's own unit name like satoshi and mbtc then you would have earn profit. It really made sense that you only heard bitcoin and eth then never done any research. Choose crypto that you think suits your requirements like faster transactions, widely used and more except shit coins which cannot survive long term.

There are different views so get used to "members who believe different".
Important factor to consider is if the coin even has a practical use. There are many copy paste or should I say carbon copy of coins that are just simply almost clone of another existing coin.
This is why I start from the top of the popular coins before going down to the pit of where many shitcoins exist.

The most important factor I believe is the real life use case of the cryptocurrency before buying it.  But many don't mind it and just buy for profit's sake.  I do buy for mix reason.  The use case and the profitability of the coin in short, medium and long term.  Mixing these stuff won't hurt but instead would give us diversity and the possibility of maximum profit if that is the end goal.