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. 
Topic: Is it worth buying other cryptocurrencies other than bitcoin? - page 9. (Read 5768 times)
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 think most of us have a goal of making a profit that is why we are investing in cryptocurrency or bitcoin, the technology is just a perk of bitcoin and cryptocurrency but not really the reason why we are buying it.
There is a part of it since we buy cryptocurrency that has great technology like faster transactions, high security, etc. but the main goal of it is to make a profit with the reason of its utility or we believed that it could be useful in the future.
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.
It is a long lived sentiment that BTC and ETH are the best of all. Obviously that is a for reason and it's true in many sense. They are the oldest player and also with some function or utility which makes them the unique. Of course it is always worth buying other crypto's because many of them are coming up as great ideas and innovations which are true to the current world. You know we have virtual debit card processors to having gift cards and stuff in the form of crypto currencies. Many tech giants are focusing on the crypto exchangers too, having perfect instrument model and what not. These are emerging projects, while some of them already rooted the base perfectly.
So yeah, its more than logical to keep diversifying your portfolio. That way you also minimise the risk of loosing money on one bet itself.
So yeah, its more than logical to keep diversifying your portfolio. That way you also minimise the risk of loosing money on one bet itself.
Before you get into investing in crypto? it would be better if you first learn the system used in Crypto, then if you want to invest in coins other than Bitcoin of course you also learn some crypto assets that have been listed on the marketcap there all information about crypto assets has been provided, so don't be wrong in invest in crypto because all assets only you will control.
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?
You will find a lot of users in here that are bitcoin enthusiasts and also bitcoin evangelists and are saying that bitcoin is the only legit cryptocurrency and every other cryptocurrency except from bitcoin is a sh*itcoin. I disagree with this statement i mean why would someone say that Ethereum is a sh*it coin in 2021 anymore? There are so many projects that are running on the Ethereum Blockchain already and everyday there are new projects emerging. The whole hype with the Defi projects could only develop because Ethereum has the smart contract functionality that makes those Defi features like yield farming and staking even possible.
I always looke at the whitepaper of the project, the team, the use-case and also the tokenomics. If all those 4 points look good to me i may invest into that project.
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?
You actually do not need to stuck yourself on those popular cryptocurrencies, there are still some other crypto that can be worth to invest with. You should try diversifying since that has became the trend nowadays considering the success of many altcoins other than Ethereum and Bitcoin. There's nothing wrong with investing on other altcoins as long as it is worth it and it has the potentially of become successful in the near future as well. Keep on finding and make sure you will pick the best and only the best so that your time wouldn't be wasted and your money will keep on growing.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?
You actually do not need to stuck yourself on those popular cryptocurrencies, there are still some other crypto that can be worth to invest with. You should try diversifying since that has became the trend nowadays considering the success of many altcoins other than Ethereum and Bitcoin. There's nothing wrong with investing on other altcoins as long as it is worth it and it has the potentially of become successful in the near future as well. Keep on finding and make sure you will pick the best and only the best so that your time wouldn't be wasted and your money will keep on growing.
Every time I see this type of question, my only answer is to check the coin's credibility which can be done through doing some simple research about the coin itself that you are eyeing. First, you need to check the community first whether it gives a good vibe, gives good criticism, etc., etc., and not just a whole bunch of people shilling the project without any reason or overly exaggerating things. Second would then be to check the type of developers the coin has and the partners; whether they are good at what they do or not like management of community, marketing and the project as a whole. Third would be the usefulness of the concept or the usecase level of the coin. If all these are good, then it will be a nice investment.
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 there is possibility of bull season in the upcoming months, than you can buy ethereum or other top alts which are having huge fanbase and potential to grow more. As bitcoin took bullish rally, ethereum and other alts also pumped a lot and few alts created a new ATH in this current bull season. So, it'll depend on the market condition as well as the fundamentals of those alts. So it's better to understand FA as well as TA for doing trades on any alts. 
I think it's even better than just saving bitcoin, because bitcoin is the first version of the cryptocurrency, and altcoins are the further versions, it could be that you get a lot of profit like storing bitcoin for the last 5 years, because the coins you buy are still strong enough to be developed.
Yes, that's true, but pay attention first by buying other cryptocurrencies besides bitcoin, and observe it before buying other cryptocurrencies, because the cryptocurrencies that will be purchased do not necessarily happen like bitcoin is happening now.
And hope that the next altcoin will develop like bitcoin.
I think it's even better than just saving bitcoin, because bitcoin is the first version of the cryptocurrency, and altcoins are the further versions, it could be that you get a lot of profit like storing bitcoin for the last 5 years, because the coins you buy are still strong enough to be developed.
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 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.
There's a time that I invest more in altcoins because it's very quick to make a profit on new coins than Bitcoin, Bitcoin is great but it's not the only fish in the sea that's worth having, there are hundreds of coins in the market and if you limit yourself to only investing in Bitcoin you are limiting your knowledge and profit.
I totally agree with you. Some of the biggest profits I have made in cryptocurrency were from some other good Altcoins that I have invested in over the years. I believe that Bitcoin is great to have in your portfolio but as you mentioned there are many good Alts projects we can invest in to make good profits, crypto is an investment and you most definitely want profits from your investments. I'm like you several times have profited from investing in altcoins, so it's not only Bitcoin that can give us profit. But there are also many altcoins
that can give us profit, the problem is that the number of altcoins is very large and not all of them can give us profit. In fact most of them are
shitcoins that will cost us money. Therefore, if we want to decide to invest in altcoins, we must do research and analysis first, so that we don't
choose the wrong altcoins for investment. Usually the top 10 altcoins are safe to buy and can generate profits if we are patient waiting for the price to rise.
It all depends on your acceptable risks and investment time frame
...So there is more fast profit to be made with altcoins hypothetically. But you also have to factor in the risks of buying an unpopular crypto: it can make you lose way more than you would with Bitcoin.
By investing in altcoins, an investor gets a greater profit than by investing in BTC. But this rule only works for the bull market. As the market becomes bearish, the value of altcoins loses 80-90% of the maximum, while the price of BTC falls by 40-50%. But it is necessary to trade altcoins, at least in order to buy more BTC.
if only for profit, all coins are worth buying. but if it's for long term investment, not all coins are good enough to buy. only coins that rank up and have real use are worth buying. Coins like ethereum or BNB are among the coins besides bitcoin that are very viable in the long run. but it must be remembered that not all top ranked coins are good, there are some coins that are just speculation to develop like meme coins. better to miss such coins, you will only regret it later.
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 mean Ethereum or other coins in the top of the list by market capitalization, it's not worth it. Bitcoin tends to rise higher and to fall less significantly than Ethereum and others. But given that Bitcoin is #1, it's also already worth lots of money, and imagining it going 3x over a short period of time is unbelievable. At the same time, there are always shitcoins that easily do this. So there is more fast profit to be made with altcoins hypothetically. But you also have to factor in the risks of buying an unpopular crypto: it can make you lose way more than you would with Bitcoin. 
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.
You can always buy just parts of Bitcoin if you want to. Like 0.01BTC and it may still be worth more someday when you keep it.
Altcoins, yes, there is always a possibility for profit on that field and in fact I am also one who bought altcoins sometime ago up until now.
Use case, team behind it and how good their marketing strategy is, better look at those details twice so that you can lower the risk.
Even with how sweet the words that will come out of their team, you should not believe it but use it as where your point of research will be.
If your instincts tell you it's a 50/50 chance then your research can lower that to 20-40 percent. It's an important part before investing.
Altcoins, yes, there is always a possibility for profit on that field and in fact I am also one who bought altcoins sometime ago up until now.
Use case, team behind it and how good their marketing strategy is, better look at those details twice so that you can lower the risk.
Even with how sweet the words that will come out of their team, you should not believe it but use it as where your point of research will be.
If your instincts tell you it's a 50/50 chance then your research can lower that to 20-40 percent. It's an important part before investing.
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.
Finding the right assets is the hardest thing to do while investing to this market,
Yes there are many available coins that you can divert your money aside from Bitcoin, especially if you only have a small amount to spare for your investment, using other popular crypto which cheaper than Bitcoin might bring same or more profits if you pick the right one and you really follow the development of that project.
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