Is it worth buying other cryptocurrencies other than bitcoin? - page 2.

hamba laeh

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Quote from: Magicalking on July 03, 2021, 10:48:08 AM

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 a digital currency that is trusted all over the world so that bitcoin is becoming popular and used as a long-term investment tool. so it's very natural that you only know bitcoin and ethereum before entering this forum, because you only listen to news about bitcoin, so you don't know about altcoins. and to buy altcoins it is very important for us to follow and know about the technology of the project and what it has to offer, the use of tokens or other news.

Dump3er

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Quote from: anandaijun on July 31, 2021, 05:44:27 AM

Quote from: Dump3er on July 28, 2021, 10:42:19 AM

Quote from: anandaijun on July 28, 2021, 05:37:57 AM

Quote from: Magicalking on July 03, 2021, 10:48:08 AM

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?

First, how long does the coin last in the market. Second, the benefits of the coin.
I think, to buy coins, Bitcoin is enough to be the main choice in the crypto space. If you can't afford it because of expensive reasons, I think you can buy it according to the current financial capabilities available. Coins other than BTC in my opinion are also worth buying like ETH and BNB.

What do you mean by saying if you can't afford it? You can also buy fractions of a Bitcoin, that is no problem at all. By now more and more people start calculating in fractions like mBTC anyway because Bitcoin is way too expensive to calculate things in whole Bitcoins. That was also the intention Nakamoto had in mind when he allowed for a pretty big divisibility of Bitcoin. Other coins can make sense if they complement your portfolio somehow. I don't think it makes much sense to hold Bitcoin + Litecoin because they are very similar except for some minor parameters that have been changed.

I'm just saying if you can't afford to buy Bitcoin because of expensive reasons, then you can buy it according to your current financial capabilities. Am I wrong?
My answer is quite simple actually in this post thread, namely the things I consider before buying coins. And my best choice is BTC. Because I know, that the purpose of the birth of Altcoins in the crypto space is also good.
Sorry if I misunderstood what you meant. (Hero Member) please enlighten me.

Hm ok you put it in a way such that there might be a reason why people can't afford Bitcoin at all, but that does make no sense as there is the divisibility where you could theoretically buy tiniest fraction of a bitcoin. Anyway, as you said making sure to at least participate a little bit in this innovative technology makes a lot of sense as there is plenty of room for it to grow.

Marvell1

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Quote from: Magicalking on July 03, 2021, 10:48:08 AM

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.

Not only you, I think many people have lost the opportunity to buy bitcoin at a cheaper price.You don't worry, with bitcoin it's never too late.Bitcoin is a long-term investment and bitcoin will increase a lot in the future.Now you can buy bitcoins any time you can.

Quote from: Magicalking on July 03, 2021, 10:48:08 AM

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 as popular as it is today because btc is the first cryptocurrency with blockchain technology.BTC offers superior utility to fiat and banking.So before deciding to buy a coin consider the practical utility it can bring.

Boomber

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Of course it's worth it if you choose the right altcoin, because the price can definitely increase higher than increases in the price of Bitcoin, so you can definitely get a bigger profit from Bitcoin if altcoin that you invest is successful, but of course the risk of investing in altcoin is definitely more bigger than Bitcoin, so if you don't dare to take the risk, then it's better for you to invest in Bitcoin, because investing in Bitcoin is safer than you investing in altcoin (less risk).

mhine07

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Quote from: Magicalking on July 03, 2021, 10:48:08 AM

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?

For me yes it is worth buying other cryptocurrencies, but make sure you research about what you want to buy because most other cryptocurrencies have no value nor future, you will surely lose your money if that happens. You can always buy those altcoins and search them in the coinmarketcap. Etherium is one worth to buy if you want to invest in a long term and make good profits for a long term.

LUCKMCFLY

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It is always good to have BTC investment, but also in highs, normally when BTC goes into a bullish trend the alts follow that same direction, causing them to rise enormously, now the trend so BTC goes down, there are certain alts that are rising in price, such is the case of these:

Quote

Bitcoin (BTC) price has recovered from its recent $37,500 low and the digital asset's run back toward the $40,000 mark spurred bullish activity from many altcoins.

Data from Cointelegraph Markets Pro and TradingView shows that the top gainers over the past 24-hours are XYO Network (XYO), Saffron Finance (SFI) and Quant (QNT).

Source: https://cointelegraph.com/news/altcoins-and-defi-tokens-push-higher-as-bitcoin-price-falters-at-40k

Of the entire list that is here, the token that I have seen the most with a higher success rate is AXIE, because through the game it is gaining many more followers, apart from combining speculators + gamers, caombination is explosive, because it is synonymous with movement of a lot of money.

Hobo66

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You can buy bitcoin with small price too. Its not necessary to buy 1 bitcoin. Similarly Eth can also be purchased in small quantity like 0.1 Eth almost 260$ .
Bitcoin and etherium is always best choice to invest but there are many top coins you can invest to get maximum profit like ADA Cardano which can prove better coin in future. Similarly XRP which releasing smart payments system. Research on it and i hope you will find your answer.

koang

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The technology on offer and use cases are the main factors to consider when investing in crypto.
Only coins that have technology that can be implemented in the real world will actually survive and be adopted by the wider community.
And Ethereum is an example of an Altcoin that has these two criteria.

goolesby

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The thing to watch out for is security. Check if the exchange offers two-factor authentication (2FA) security which is standard security.
Then, look at the type of 2FA used, there is Google authenticator, Authy and Yubikey. Each exchange has a different level of security, for example exchanges such as Remitano, which is famous for its peer to peer system, already uses Google Authenticator security to increase user account security and minimize account hacks.

Ryder Kudrow

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You can get benefits by buying and investing in any cryptocurrency. Compared with other cryptocurrencies, Bitcoin has a long development time, a large transaction volume, and is more secure. Long-term investment in Bitcoin is a good choice. You can also choose to diversify your investment and allocate funds to invest in a variety of cryptocurrencies. Even if the price of one currency you invests drops and you lose, you may also profit from the other currencies you invest in, which can reduce your risk of loss.

King Khaizan

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bitcoin is the king of all coins, but don't put other coins aside, especially ethereum which of course has its own advantages.

now you can learn from your mistakes in the past that made you miss many opportunities, and start with your enthusiasm and good and measurable investment goals, because investing is not enough with assumptions but keep learning and looking for accurate references to achieve your goals.

I recommend you to invest in the top coins on the exchange first.

ReiMomo

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Obviously yes and no doubt about it. We have best coins in the market with large volume and best projects. Analyse and pick the best coins which value is less than a dollar I would say. Just split your investment into best coins across. We have doge, Matic, Woo, Xrp, Xlm, Eth and etc. Yes keep yourselves updated on updates of the coin you invested.

Ever-young

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"You can't afford it"? It is not a must that you must buy 1 btc, btc is divisible and as such you can buy with as little as you can afford. The same fund you intend to use and buy other crypto can also be use to buy btc.

armanhusni

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The technology used in a project is one of the factors affecting the choice of people of course. If the project seems really innovative and aims to solve a real-world problem, I start trusting it more than others honestly. So, you shouldn't just think of investing into Bitcoin. You can also do a good research about various projects and give them a chance too.

anandaijun

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Quote from: Dump3er on July 28, 2021, 10:42:19 AM

Quote from: anandaijun on July 28, 2021, 05:37:57 AM

Quote from: Magicalking on July 03, 2021, 10:48:08 AM

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?

First, how long does the coin last in the market. Second, the benefits of the coin.
I think, to buy coins, Bitcoin is enough to be the main choice in the crypto space. If you can't afford it because of expensive reasons, I think you can buy it according to the current financial capabilities available. Coins other than BTC in my opinion are also worth buying like ETH and BNB.

What do you mean by saying if you can't afford it? You can also buy fractions of a Bitcoin, that is no problem at all. By now more and more people start calculating in fractions like mBTC anyway because Bitcoin is way too expensive to calculate things in whole Bitcoins. That was also the intention Nakamoto had in mind when he allowed for a pretty big divisibility of Bitcoin. Other coins can make sense if they complement your portfolio somehow. I don't think it makes much sense to hold Bitcoin + Litecoin because they are very similar except for some minor parameters that have been changed.

I'm just saying if you can't afford to buy Bitcoin because of expensive reasons, then you can buy it according to your current financial capabilities. Am I wrong?
My answer is quite simple actually in this post thread, namely the things I consider before buying coins. And my best choice is BTC. Because I know, that the purpose of the birth of Altcoins in the crypto space is also good.
Sorry if I misunderstood what you meant. (Hero Member) please enlighten me.

Dump3er

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Quote from: anandaijun on July 28, 2021, 05:37:57 AM

Quote from: Magicalking on July 03, 2021, 10:48:08 AM

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?

First, how long does the coin last in the market. Second, the benefits of the coin.
I think, to buy coins, Bitcoin is enough to be the main choice in the crypto space. If you can't afford it because of expensive reasons, I think you can buy it according to the current financial capabilities available. Coins other than BTC in my opinion are also worth buying like ETH and BNB.

What do you mean by saying if you can't afford it? You can also buy fractions of a Bitcoin, that is no problem at all. By now more and more people start calculating in fractions like mBTC anyway because Bitcoin is way too expensive to calculate things in whole Bitcoins. That was also the intention Nakamoto had in mind when he allowed for a pretty big divisibility of Bitcoin. Other coins can make sense if they complement your portfolio somehow. I don't think it makes much sense to hold Bitcoin + Litecoin because they are very similar except for some minor parameters that have been changed.

anandaijun

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Quote from: Magicalking on July 03, 2021, 10:48:08 AM

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?

First, how long does the coin last in the market. Second, the benefits of the coin.
I think, to buy coins, Bitcoin is enough to be the main choice in the crypto space. If you can't afford it because of expensive reasons, I think you can buy it according to the current financial capabilities available. Coins other than BTC in my opinion are also worth buying like ETH and BNB.

oemar bakrie

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if in my opinion before buying tokens other than bitcoin or ethereum I will first see the development of the token and also the interest in the market whether the token has a good long term..
because without it all we will not be able to know in more detail the movement of the token, and also have to often look at the market exchanges that have good movements that I will buy..

Dump3er

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Quote from: pedrillo0 on July 26, 2021, 02:25:38 PM

Quote from: Magicalking on July 03, 2021, 10:48:08 AM

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.

But having a very specific focus on a particular niche can also be similar to a feature so to say. Bitcoin due to its focus on being digital gold for now is better at being digital gold than any other cryptocurrency out there in the moment. Ethereum may be a good investment, but it is meant to be used for a lot of other purposes as well. As a passive income stream as well of course once the whole staking functionality goes live.

Wakate

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I rather buy stable altcoins than to invest my money in Bitcoin only. There is a much profits that can be made by investing in altcoins than Bitcoin. Some altcoin has the possibility to triple double your capital with the space of days which can not happen in Bitcoin because of the high level it has attained. Altcoins like stable coins are very stable and there prices do not fluctuate anyhow like Bitcoin which can give lose or profits within the space of hours with high detriment to one's account. This is why Bitcoin investors should be smart to know when to buy or sell because the market can change value at any given time

Topic: Is it worth buying other cryptocurrencies other than bitcoin? - page 2. (Read 5734 times)