Topic: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 10. (Read 1445 times)

I am never going to be one of those that believe that altcoins are not worth investing your money on, because altcoins play a big part on my journey to success in the past years, the only thing here is understanding the difference between altcoins and Bitcoin investment, and the best advice is to never put all your eggs into one basket.

Altcoins investment Facts.

1. Most altcoins don't ever see a new all time high again, once they do well in a bull market it's over for them.

2. Most altcoins won't survive in a bear market, before a new bull market gets here they would have died.

3. It's only in altcoins space that scams exists, there are many new projects that are showing up only to take peoples money and exit liquidity on the investors.

4. New altcoins brings the biggest ROI but they are also the most risky investment, if they go down they go down hard and fast.

Bitcoin investment Facts.

1. There is no reason to be scared of scam when investing in Bitcoin, it isn't a smart contract enabled project like Ethereum.

2. Bitcoin always makes a new all time high.

3. You only lose if you sell your Bitcoin, unlike altcoins that can go down and never go up while you holding them.

4. You need good amount of money invested in Bitcoin to make better ROI, Compared to altcoins, investing only 100$ in a good alt can bring you better ROI than investing 100$ in Bitcoin.

@SeriouslyGiveaway (OP):
if you are looking for the "casino chance", I would advise you to focus on altcoins.
a generic coin (likewise a memecoin) is more likely to make a higher rally than bitcoin in a given period.

if, on the other hand, you try to buy to get a "value back", or you have not set a specific time frame, you should point to buy bitcoin or at least for a coin that you can use in some way (for example by staking it, paying for services, etc...)

Bitcoin for the win. Bitcoin for me is safer. If you go with altcoins, there's a bunch of altcoins right now and some of them could stay until the bull run but the gains you will get are not sure, but with Bitcoin, you can guarantee and even if it is small, it's safe, you know it is safe at the beginning.
Another choice is diversify but highly suggest to have huge percentage of Bitcon.

I don't think you can find an accurate answer of when to move from Bitcoin to altcoin. The crypto market is dynamic and the occurrence in past bull runs may be different from the expected one. Another problem will also be how to identify the altcoin that will give your targeted profit. The worth of many of these altcoins can disappear in no time. Don't also forget that during the bull run, there are high rates of scam airdrops targeting to reap off unsuspected investors.

It is not good to put all your eggs in one basket but it is better to put all of them in a dependable one than to face the risk of losing them when it is put in uncertain ones. If you are not experienced in such smart investment moves, Bitcoin is the surest asset to hold. The profit from Bitcoin might not be as big as altcoin, but at least you are sure that your investment is safe.

Never have all your eggs in one basket. So with this reference, I can say you should prefer to keep your money invested in some solid projects including Bitcoin. Ethereum is a safe choice.
You need to your own research for this. Just do not invest for 10x or stuff, invest in the technology or the target of the project. See how you can use the coin, and what the devs are working on.
Just do not invest in any random project which promises and does nothing.

Referring to altcoins as "assets" makes no sense since at best they are a worse version of penny stocks which are garbage stocks from garbage companies 99% of which have no future whatsoever. Altcoins are the same, majority of them are absolutely useless and they are all created for pump and dumps which are risky to get involved in.

In any case, during the "bull cycles" if anyone wants to touch altcoins they should firs prepare themselves for the concept of pumps and dumps otherwise they will be dumped on and become bag-holders. It is of paramount importance to know when to sell altcoins and how to do it quickly.

This is why we always suggest newcomers to stick to bitcoin alone.

After all this is full of expectation, there's no such smart investment in altcoins, you're only hope the token you invested will going to 10x in bull season.

Assuming the bull season will happen in the next 2 years, if you borrow $30,000 now, you will pay $30,000 + interest rate. Most likely they will use floating interest rate than flat interest rate, so you will pay more especially you borrow for long term.

What if it goes wrong? assuming you will need to pay $35,000 and you lose everything in altcoins, you're use the profit in Bitcoin investment to cover up your mistake.

Many people in the crypto market are still uncertain about which type of asset to hold onto for the upcoming growth cycle of the crypto market: Bitcoin or Altcoins. Additionally, they're wondering when to catch the bottom or exit at the peak. As we know from previous cycles, Bitcoin tends to rise first, attracting the influx of funds, followed by new funds flowing into Altcoins. However, holding onto Bitcoin might not yield substantial profits, and determining the right time to switch from Bitcoin to Altcoin for maximizing gains during the growth season remains a challenge.

Now, I'd like to share a method that I have been using and find quite effective, hoping to share it and receive feedback from you all:

• First, I establish from the outset that BTC is solely for holding, not for selling. When BTC surpasses its peak and an Altcoin wave is on the horizon, all you need to do is put your BTC into cross margin and borrow USDT (not exceeding 50% of your capital) to invest in Altcoins.
• For instance, if you currently have $26,000, you could invest in 1 BTC and hold it from now on. Hold it until BTC surpasses its previous peak of $69,000, which would mean your asset is now worth $69,000. At this point, place the value of 1 BTC into Cross Margin and borrow $30,000 to invest in Altcoins. Borrow only $30,000 or even less, not more. This way, you can continue holding onto that 1 BTC as it climbs to $100,000 or $150,000, while also having $30,000 to invest in Altcoins. With the $30,000 borrowed, smart investment in Altcoins can potentially turn your initial asset into $300,000. You could sell the original 1 BTC that you held onto for $100,000 or $150,000. The combined profit from BTC and Altcoins could amount to around $400,000 - $450,000. After repaying the $30,000 borrowed from the exchange, you'd be left with $370,000 - $420,000.

In summary: Starting with an initial investment of $26,000, you could potentially make $370,000 - $420,000.

In previous cycles, I often found myself struggling to find the answer to the question of "when to sell BTC and switch to Altcoins." BTC is meant to be held, not sold, and even more importantly, never sold for Altcoins. Simply hold onto BTC and when there's an Altcoin wave, use your BTC as collateral to borrow funds for Altcoin investments (ensuring borrowing remains under 30% of your capital). Now, with the increasing choices offered by the DeFi market compared to past cycles, this method proves quite effective for the strategy of using BTC as collateral to borrow USD for Altcoin investments.