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Topic: Is it worth buying other cryptocurrencies other than bitcoin? - page 8. (Read 5734 times)

hero member
Activity: 2814
Merit: 518

 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'll buy coins because of the following consideration...
*Market history
*Volume
*Exchanger
*Feedback

I don't rely on the news because most of them are scripted and nonsense. What I did is to analyze the market trend, a lot of things can be changed around and manipulation is one factor.
If you have Bitcoin and Ethereum that will be a good choice.

full member
Activity: 1638
Merit: 122
you dont need to collect money equivalent to what price the 1 btc has because that was hard and it will be hard for btc to go down deep .
what you need to do is buy what you can afford . having some btc is better than not having any .
 btc is the most important coin in crypto and there are less complaints with btc than in eth . its important to buy a coin because of its technology or utility and not because the coin is in the news because its being hyped .
member
Activity: 126
Merit: 19
Bitcoin is the king of encryption and is widely recognized. If you invest and hold it for a long time, Bitcoin will be the best choice. When investing in altcoins other than Bitcoin, you must first understand and choose a currency that is more reliable and has long-term development. In order to reduce investment risks, you can choose to diversify your investment.
full member
Activity: 854
Merit: 100
Everything you said is very important, before i decide to invest on something i will do research about everything that coin i want to buy. So everything factor is very important for me.
hero member
Activity: 2184
Merit: 585
You own the pen
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 kind of question has an obvious answer depends on how you look at the other cryptocurrencies that are top on the cryptomarket. However, most of them if you invest right now have only a little amount of return if they ever increase their price in these few months. unlike the one that has only emerge which has some promising roadmap and a legit developer can give you a huge amount of income if you are just persistent and patient to hold it for years. Just like those current top altcoins in the crypto market, they started from zero to something highly valued.
full member
Activity: 2086
Merit: 193
before buying a coin other than bitcoin I recommend doing research first of the coin you want to buy so you can avoid buying the wrong coin and it will only keep you stuck at high prices because after buying there is a dump, in my opinion other coins that still have potential to make a profit if bought and stored for the long term are BNB and Ethereum.
This should be your normal practice every time you deal with the market, you do analyze before investing. The answer to OP is yes but it depends on the altcoins you are looking for. We should not focus on Bitcoin alone because there are so many opportunities beyond that coin so don’t limit yourself buying one coin. Deal with the legit altcoins, do invest the money you afford to lose and you’re good to go just remember the first step, analyze.
member
Activity: 177
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My Dream Comes True
Because of both. I bought because it has strong technical and fundamental. From year to year a lot of Shitcoin has sprung up and does not have a clear usecase, only being used as a pump and dump coin . Therefore when you want to invest for the long term, then see from all sides, USECASE Utility fundamental community etc.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
bitcoin or altcoin are worth to buy if we collect the correct coins in our bag.  most of major altcoin are good long term investment if strong to hold it and not panic when market suddenly crash. the thing that make our portofolio bad was our mentality when facing uncertain market, we were panic and sold everyhing meanwhile our bag full of good project.
Not most of the altcoins are good to hold. If you're saying that most of them are then you're just putting trashes in your bag with all of those. There are worthy altcoins but they're not all of them. It's good to have bitcoin and if you want to diversify with some altcoins.
Then you have to choose what are the best of them all and you don't have to add all of them because only a few of them are worth to hold, specially if you're long term.
full member
Activity: 899
Merit: 101
bitcoin or altcoin are worth to buy if we collect the correct coins in our bag.  most of major altcoin are good long term investment if strong to hold it and not panic when market suddenly crash. the thing that make our portofolio bad was our mentality when facing uncertain market, we were panic and sold everyhing meanwhile our bag full of good project.
sr. member
Activity: 1149
Merit: 347
It's normal to miss opportunities when starting something. Certainly, the BTC is the first option for everything that it's and has shown so far. Altcoins involve a greater risk, although several projects have technology, some applications and strong communities, even so, compared to BTC, they can't detach themselves from the price movements that occur with BTC. You would need to do some research and study and understand that applications are not always synonymous with success, one of the main factors is the user base ie the community.
member
Activity: 1764
Merit: 10
There are a huge number of top cryptocurrencies that bring excellent income, as well as investing in bitcoin, so I constantly invest in various altcoins to get profit and lately I have invested the most in ethereum, bnb, link, polkadot and solana, as I actively checking these cryptocurrencies and I see that the developers of these cryptocurrencies are constantly developing their technologies and capabilities, and therefore I just wait for the cryptocurrencies in which I invested my money to start growing in price in order to fix the profit.
sr. member
Activity: 1079
Merit: 352
My view on altscoin is something like this:

if these alts can make me money I will buy it, even if it has a name of a poo or something.

Doesn't matter if you want to buy bitcoin only, but why just buy bitcoin when you can buy and sell alts and sell for more bitcoin!?

full member
Activity: 378
Merit: 135
they are looking if they can profit 100x in just 5 days lol.
Shit coins do have some crazy pump, they are easily manipulated by whales. One I can remember is goatcoin which made x500 or so before dumping drastically. Buying shitocoins is a greater risk than investing in Bitcoin or eth
legendary
Activity: 2492
Merit: 1145
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Bitcoin actually is the best for investment here in this field of business. But I think it is only good for the individuals who have a big capital and motivated for the long term, but for the traders who is not in the middle class type of people, buying cryptocurrency is very suitable for them like me.
I agree, crypto market needs so many different segments to cater to different classes, rich people can come with perfect products like bitcoin and poor and middle people can come to altcoins, expiry date won't be long and risky but save quite a lot of money, even some rich people choose altcoins to limit the risky cost of repairing expensive products like bitcoin. Altcoins are also not a completely inferior product, they just lack a reputable establishment and are relatively diverse, users may not know the right choice but when determined well, they will definitely participate in the long term.
I disagree that bitcoin is for big capital people, its long term project and it will make you profit in the long run. I do agree that there is a good amount of money to be made on altcoins if you are brand new to it but then there is the fact that bitcoin will be more safe investment as well. So, just keep your money in bitcoin and wait a decade if you have to and you have a ton of money.

I am not saying altcoins do not make more money, when you look at the top returns its always altcoins and if you can find one that will give you that type of return you can make a lot more money, and people who are not wealthy look into those because they need to make a lot more money and 2x is not enough to be rich. However do not forget that people who are looking into those are also the people who may find some shitcoins as well, which is why altcoins are riskier, whereas bitcoin is at least guaranteed.
Bitcoin is for everyone and even how small the amount is, They deserve to hold some of it. It's true that bitcoin is a good long-term investment and there are very good altcoins that can match bitcoin potential in terms of investment. But day by day new coins are coming and there are many coins that are becoming less and less valuable because of how weak their foundation is. We should avoid that kind of altcoins if we want to invest in an altcoin that is on par with bitcoin. ETH is a very good choice in my opinion if you want a worthy altcoin.

Risk-taking on shitcoins is out of the line, Quick rich schemes are the ones we should avoid in this crypto space.
member
Activity: 633
Merit: 10
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?
technology that developted by dev team should be our concer, did this technology overcome the problems that occur in previous project or not? usually new project want to make previous project perfect by developting some feature and also build ecosystem in crypto market so its native token will have usecase or utility. Without this factors we could called it as shit projects.
full member
Activity: 1540
Merit: 102
I always liked ethereum because since my beginig in crypto in 2017 i've seen many good projects and tokens in the ethereum network and i ve seen how powerfull it is on top of that its utilities aside from being an investment asset i think the main reason to choose a currency is the technology and usecases.
sr. member
Activity: 2534
Merit: 332
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There is some token like Dogecoin which doesn't have a utility but still able to get a good market price in the market so I think there is a lot of reasons why we buy other coins. Bitcoin technology is already old but still top 1 cryptocurrency until today.
I would say Dogecoin has utility unlike other coins with unlimited coins in circulation, if you doubt the meaning of the world, just check multiple gamble sites and can you see Dogecoin accepted as a currency to gamble, that alone is more than enough to determine its utility unlike other coins in the market, where the only purpose is to trade or expect a pump and dump.
This is so true!

Majority had been saying that Dogecoin is a shit one? They havent realized that it does really have that utility and it wont be accepted nor be used if it was shit on the first place.

The only thing happens is that when this meme coin had gained much hype and interest then those coin creators do make out even more shitty ones which doesnt really have relevance at all.

Buying alts is diversification and of course you would be needing to spot out on which one would be worth not just those pump and dumps.
hero member
Activity: 2828
Merit: 611
Bitcoin actually is the best for investment here in this field of business. But I think it is only good for the individuals who have a big capital and motivated for the long term, but for the traders who is not in the middle class type of people, buying cryptocurrency is very suitable for them like me.
I agree, crypto market needs so many different segments to cater to different classes, rich people can come with perfect products like bitcoin and poor and middle people can come to altcoins, expiry date won't be long and risky but save quite a lot of money, even some rich people choose altcoins to limit the risky cost of repairing expensive products like bitcoin. Altcoins are also not a completely inferior product, they just lack a reputable establishment and are relatively diverse, users may not know the right choice but when determined well, they will definitely participate in the long term.
I disagree that bitcoin is for big capital people, its long term project and it will make you profit in the long run. I do agree that there is a good amount of money to be made on altcoins if you are brand new to it but then there is the fact that bitcoin will be more safe investment as well. So, just keep your money in bitcoin and wait a decade if you have to and you have a ton of money.

I am not saying altcoins do not make more money, when you look at the top returns its always altcoins and if you can find one that will give you that type of return you can make a lot more money, and people who are not wealthy look into those because they need to make a lot more money and 2x is not enough to be rich. However do not forget that people who are looking into those are also the people who may find some shitcoins as well, which is why altcoins are riskier, whereas bitcoin is at least guaranteed.
hero member
Activity: 2828
Merit: 611
Bitcoin actually is the best for investment here in this field of business. But I think it is only good for the individuals who have a big capital and motivated for the long term, but for the traders who is not in the middle class type of people, buying cryptocurrency is very suitable for them like me.
I agree, crypto market needs so many different segments to cater to different classes, rich people can come with perfect products like bitcoin and poor and middle people can come to altcoins, expiry date won't be long and risky but save quite a lot of money, even some rich people choose altcoins to limit the risky cost of repairing expensive products like bitcoin. Altcoins are also not a completely inferior product, they just lack a reputable establishment and are relatively diverse, users may not know the right choice but when determined well, they will definitely participate in the long term.
I disagree that bitcoin is for big capital people, its long term project and it will make you profit in the long run. I do agree that there is a good amount of money to be made on altcoins if you are brand new to it but then there is the fact that bitcoin will be more safe investment as well. So, just keep your money in bitcoin and wait a decade if you have to and you have a ton of money.

I am not saying altcoins do not make more money, when you look at the top returns its always altcoins and if you can find one that will give you that type of return you can make a lot more money, and people who are not wealthy look into those because they need to make a lot more money and 2x is not enough to be rich. However do not forget that people who are looking into those are also the people who may find some shitcoins as well, which is why altcoins are riskier, whereas bitcoin is at least guaranteed.
full member
Activity: 1302
Merit: 115
Pepemo.vip
If you are considering a long-term investment, you should look at the quality of the project. I am a little impatient and therefore make daily decisions.
I am completely driven by the news and I continue to do so. If you don't like to follow the market, you can invest in projects on a long-term basis  Undecided
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