Topic: Is it worth buying other cryptocurrencies other than bitcoin? - page 6. (Read 5768 times)
We can't deny that many altcoins are more profitable than Bitcoins but if we are talking about investing for a long-term goal, that we need to choose those on the top 10 altcoins. But for me, I share my capital most on Bitcoin compared to altcoins and I'd never spread my funds to many altcoins as I was just currently holding BTC and ETH while the market is not really a good position. But when bullish has come, it is best to invest in new projects as these will mostly pump more than what we expect, x1000 or even more because of hypes and this is not happening to the old coins even in Bitcoin.
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It would be just a pump and dump of a social group/circle that could do that although describing it as a social circle seems small to even manipulate price of something big. It won't happen to Bitcoin due to how expensive it is right now plus the market value.Could happen for newer projects though.
In my opinion, there are still very good cryptocurrencies to invest in besides BTC, namely Ethereum and Binance, these two altcoins have criteria that are very suitable for long-term investments, because they have a very qualified potential and prospects in cryptocurrencies, a proof that ETH and BNB are ranked an 2nd and 3rd highest altcoin in CMC and still holding up today,
well, sometimes I buy coins because of the utility. For example, I often buy coins on a CEX to reduce the fees from my withdrawals. besides BTC and ETH, you can see how useful BNB can be, and currently Binance is developing a BSC that will most likely drive the price of BNB even higher. however, it's worth buying the coin because of its utility . it's just, always do deep research, because the example I use is a coin that I think is equivalent to Ethereum.
It is a need to look at the utility case of the coin which is highly recommended. I honestly don't spend a lot of time in the market digging which coin is profitable and has huge potentials in the future because it was clear and obvious that the leading altcoins are worth buying. Instead of digging more, I'd rather invest in those top altcoins ETH and BNB as an example. 
To be honest..there are hundreds of potential crypto tokens/coins that can benefit you apart from Bitcoin...
but Bitcoin is more recommended. last year was the moment when all cryptocurrencies fell and if we compare this year, almost all cryptocurrencies have increased in price by 5x-20x. I currently hold several altcoins such as ethereum, bnb, trx and matic because I believe in their potential for the next few years.
but Bitcoin is more recommended. last year was the moment when all cryptocurrencies fell and if we compare this year, almost all cryptocurrencies have increased in price by 5x-20x. I currently hold several altcoins such as ethereum, bnb, trx and matic because I believe in their potential for the next few years.
Said this before so many times. Potential is easy. Every single thing you create has potential, even if you just woke up one day and randomly put out a coin. Potential is not what you look at but achievement. If there is no product, no accomplishment,,, just a coin? Just some cheap tokenomics? Then you have nothing BUT potential.
You can invest as much as you want in altcoins but be careful with money management before deciding on the ratio per coin. At least 20% of the investment portfolio has to be promising altcoins and you should check the profitability of the investments every month for changing it. Instead of going all-in BTC, I prefer to divide risks based on the future potential that is different in each case.
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.
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 you only rely on bitcoin, of course it will be difficult to profit in the short term, altcoins always promise a bigger profit than bitcoin, bitcoin will be difficult to reach 10x price but altcoins are easy to reach 10x even in a month.
What altcoin can reach 10x in one month? try to mention it and after that try to see the price of Bitcoin in 2019 until early 2021, whether the price of Bitcoin has reached 10x or even 20x, because only people who just woke up say that, because Altcoins will only pump well if Bitcoin market is in good shape, you can see an example now where the average Altcoin is declining while Bitcoin is experiencing a decline in the market, so wash your face and see what happens in the market before you say such things. 
However, bitcoins are always profitable no matter how dump its value, it will always come up surging with new heights. This comes the advantage of bitcoin, it will always recover even how low its value. So most of the investors prefer to invest in bitcoin because even if its quite expensive compared to altcoins, the returns will always worth the wait.
To be honest..there are hundreds of potential crypto tokens/coins that can benefit you apart from Bitcoin...
but Bitcoin is more recommended. last year was the moment when all cryptocurrencies fell and if we compare this year, almost all cryptocurrencies have increased in price by 5x-20x. I currently hold several altcoins such as ethereum, bnb, trx and matic because I believe in their potential for the next few years.
but Bitcoin is more recommended. last year was the moment when all cryptocurrencies fell and if we compare this year, almost all cryptocurrencies have increased in price by 5x-20x. I currently hold several altcoins such as ethereum, bnb, trx and matic because I believe in their potential for the next few years.
Of course Yes. Investing in different cryptocurrency including bitcoin is a good idea if you want to have a good return. But it is all depends on what altcoins you are going to buy and how long you are going to invest on it? If you want to hold for long term, I think Ethereum, XRP, BNB, and LTC are good. But much better to make your own research and study about such coins before buying. Bitcoin alone can't give you huge profit if you have just small capital. Investing is risky and in order to gain profit, you should take the risk.
if we talk about profit potency from altcoin and compared with bitcoin , actually they have same rate. either bitcoin or altcoin were profitable for us as long as we bought it on correct level. Cryptocurrency have thousands coin now , and only less than 5% were good project and have strong support from community . Its be our own task to find this project to earn multiply profits.
if you want to buy coins other than bitcoin then I suggest you to look at the conditions of the exchange, when the conditions of the exchange place are red because many coins have collapsed then it is definitely the right moment to buy altcoins that have potential and have high trading volume, while if it returns green then you can sell it for a profit.
Or maybe just ignore the exchanges other than the ones who've been around for a long time? I am talking about Bittrex, and Binance, for those not really into Coinbase and stuff (or like me who cannot even really access those types of exchanges because of location).
I think coins themselves are not really good on whichever exchanges but yeah, if they list on Coinbase,,, they will probably be around for a while.
It's worth it mate, but make sure before you buy you will make research because that's the most important to avoid scam. Wherein don't just buy because you see a good testimonial and someone's saying it's a good project than other trusted projects in the market. Because mostly new projects nowadays is paying for promoters so be aware and make you own research instead, for example if it's listed already in any reliable exchanges, and the volume is more important as well and the total of holder.
So remember this thing. Make TA as well in the chart of the coin to assure you are in the right timing when it comes buying wherein in order to make good profits afterwards..
So remember this thing. Make TA as well in the chart of the coin to assure you are in the right timing when it comes buying wherein in order to make good profits afterwards..
There are many factors to consider when buying cryptocurrency, such as the application functions brought by the currency, global or market circulation, currency popularity, user consensus, security audits, etc. You can buy cryptocurrency without considering a single factor. I think The most important point of cryptocurrency is consensus, but consensus is based on the application landing and circulation or rarity, and it is very safe to pass audits, just as everyone is optimistic that Bitcoin can reach a height of 60,000 US dollars is the source of users. Consensus and confidence in future appreciation. If you are optimistic about the future and development of Bitcoin, I think this is a good opportunity.
Of course, it's worth it, many other coins that have good prospects to invest. it's just that BTC is the highest coin and the prospects are also good, so if there is the capital it would be better to invest in BTC. as far as I know, other coins besides BTC are currently stable and good for short-term investments. can be seen in the market to choose a good coin. if we want to invest we must be able to observe the market well so we can also choose good coins. at the moment the market is unstable and that makes the market a bit chaotic but calm that's not a bad thing. the most important thing right now is to learn to manage our assets properly.
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?
Diversification works in crypto during a bull market because altcoins pump harder than bitcoin, but in a bear market you are better off just loading up on BTC because for the same reasons altcoins drop harder than bitcoin. So before you decide to buy other coins, you have to research if we are currently in a bull or bear market.
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?
This probably means you didn't do your research properly. So you shouldn't be investing on anything if you haven't. Bitcoin and ethereum are two different platforms with different use case. Almost every (other than those shitcoins and clone coins) crypto currency was made with different use cases. You can't compare any of those. To answer your question, yes it is worth investing depending on why you are investing. Is it because you want to use their platform? Or is it because you want to make profit?The term investing by itself explains what his intentions are given the context information I guess? He obviously talks about investing for profit. Platform usage seems to not be part of his considerations. Sure you could say you invest in a cinema ticket and get joy in return, but when we talk about investing here I am quite confident we all know what is meant, don't we?
Altcoins are a good thing just like bitcoin, when you look at the current prices bitcoin and ethereum, almost everyone says it's too late to buy bitcoin or ethereum when they think price is cheap, you will repeat this again when the bitcoin price is $100k, or the ethereum price is $15k, we are not too late because of the opportunity to profit 10x could happen again.
We can't predict the market to be 100% accurate. but some people have to think realistically. the market has reached such a long and very strong rally. the dump happened but the market still looks strong. we're not at the bottom yet, so the potential for many predictions is bound to lead to a deeper decline. we don't know how the market will get ATH again in such a short time. which I believe the market can still benefit from short-term trading and investment. In addition to Bitcoin, there are many other good currencies, but not altcoins are worth investing in.
The coins next to Bitcoin are altcoins. Maybe you are thinking about stable coins, not cryptocurrencies.Quote
You can first understand the situation of altcoins. Some altcoins are deceptive. If you invest, the most important thing is that you have enough funds and patience to choose a better altcoin. A short-term decline does not make much sense. do not worry. Investing in anything is risky, so be sure to keep your mindset.
Definitely, right. The majority of the altcoins are worthless and risky for investment but despite this situation, many were still able to manage and find good investment among the thousand shitcoins. They are making a profit and that happens because they conduct research, explore the market and trust the project they invest in. But if we are not sure what we are doing, what we invest, that surely would end at loss and frustration.
Bitcoin is the best investment currency. It has withstood various suppression tests and has been around for the longest time. Bitcoin's perfect technology has been recognized by many people and can profit from it, and it is relatively safe. Recently, various altcoins have continued to appear, and some people have made a lot of profits, but not all altcoins can bring benefits. Before investing in altcoins, you must first research them to reduce the risk of loss. You can choose to diversify your investment and invest money in multiple currencies to reduce the instability of future returns.
In addition to Bitcoin, there are many other good currencies, but not altcoins are worth investing in. You can first understand the situation of altcoins. Some altcoins are deceptive. If you invest, the most important thing is that you have enough funds and patience to choose a better altcoin. A short-term decline does not make much sense. do not worry. Investing in anything is risky, so be sure to keep your mindset.
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