Topic: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 3. (Read 1445 times)

I don't want to make things complicated and look at the high numbers targeted and projected by people.

If they are projecting such high numbers and think it's possible to generate that with altcoins then let them do it on their own. While the Bitcoin folks don't need to do that much and your money is safer from volatility of the market.

Bitcoins or altcoins, both can make money but it's just that it's much safer if we stay on bitcoin and if you're conservative as the others, Bitcoin only.

And if you like to margin and use that much money in there, make sure you know what you're up to.

Exactly, that's what I wanted to bring up. Besides Binance, there are numerous Defi platforms across different networks offering this service. When applied correctly, it's a low-risk method, yet the potential profits can be incredibly impressive.
If we overlook Altcoins, we've pretty much missed over 50% of the opportunities in this market. There's no denying the credibility and safety of Bitcoin, but the profits in Altcoins are something quite crazy in this market. It's not difficult to earn higher profits with a few top Altcoins that are still very safe, like ETH and Link. Have you seen the price growth of Link recently? So, there's no reason to dismiss the entire Altcoin market just because of the negative things people often say about meme coins or scam coins. That's just a small part, not representative of the entire Altcoin market.

Investing in altcoins is not a wise option when we talk about an asset. They are not an asset except a few coins; most of them are just garbage. You can only get profit from altcoins if you are lucky. Mostly people lose their investments in altcoins because of scams. Altcoins are just a waste of time and money.
Bitcoin is the best option to invest. Invest now and exit at the ATH/ set price target. After the BTC bull run, if you are still interested in making some bucks, invest in potential altcoins such as ETH, SOL, etc., because after the BTC bull run, there will surely be an altcoin season.  

Although I do not like margin trading, the strategy of using Bitcoin as collateral for borrowing US dollars for alternative currency investments seems to me a very good idea, especially in terms of not neglecting Bitcoin, but rather using it as a safe guarantee for margin trading for Altcoin. Thank you for the idea.

Everything has risk and what has the potential to bring high profits is higher risk. We need to be aware of that to have effective prevention plans, not to be too enthusiastic and blindly forget the threats that are lurking behind us. Bitcoin is indeed a potential investment but don't worship it too much like our god, it still has its disadvantages, there are still risks and we should always have a plan if something unfortunate happens. I really don't know what people who worship and worship bitcoin gain when they continuously exaggerate it.

They have already told you, it is the bitcoinn, the alts are not safe, if you want something secure you can venture to buy rq bticoin, because it is the most secure it gives, for now for a lifetime, the rest you still have to complicate and possibly lose money Well, buy an alt because it is what we do to make our lives easier that alts make money? Yes, they give it, but just as they give it, they are the most unsafe there is, if you want security, buy bitcoin, there is no loss there, buy the amount you want, because in a while, because you don't know when, it will go up a lot, and if you buy Now you will have more beneficial earnings because if it rises to more than 100 thousand USD you will be grateful.

Absolutely, for the upcoming bull run, consider diversifying your investment across both Bitcoin and carefully selected altcoins. This strategy not only lowers overall risk but also opens the door to capitalize on the potential growth of the altcoin market. A practical approach involves dedicating 70-80% of your portfolio to Bitcoin and allocating 20-30% to promising altcoins. Ensure thorough research, focusing on projects with robust fundamentals when choosing altcoins. Remember, only invest what you're comfortable with.

In response to the strategy of using Bitcoin as collateral to borrow funds for altcoin investments, this can be a risky strategy, but it also has the potential to be very profitable. It is important to carefully consider your own risk tolerance and investment goals before using this strategy.

I would recommend a Human AI approach which involves using a combination of machine learning and human expertise to make investment decisions. This approach can help investors to identify promising altcoins and to make informed decisions about when to buy and sell.

The rebalancing strategy like that of R100K.com involves periodically adjusting your portfolio allocation to maintain a desired asset mix. This can help to ensure that you are not overexposed to any one asset class.

Those who overestimate the risk of all altcoins do not have any analysis of these altcoins, they are only afraid of fluctuations,
even though the top altcoins such as ETH, BNB, SOL, DOGE, etc.
are still quite worth it to buy with the aim of making profits in the upcoming bull run.

Seeing how Altcoin risk is compared to Bitcoin, of course, Bitcoin will have an influence on all existing altcoins,
but we can see what altcoins are able to survive and offset the price of Bitcoin.

I myself still have ETH which I hold for the long term,
and it is my long-term investment for Altcoin and of course, Bitcoin is the main investment.

Consider bitcoin as a component of a diversified portfolio. As they say, dont lay all your eggs in one basket. Distribute your money among several assets (altcoin, gold and stock too). This reduces your overall risk in the event that Bitcoin fails.

Think long-term as well. The cryptocurrency market is new, erratic, and volatile. It takes more than just timing the market to succeed; it takes time. It might be more fruitful to endure the ups and downs rather than attempting to ride the high wave. Recall that in the realm of investments, persistence frequently yields greater returns than hasty profits. Your friend's passing serves as a warning: panic selling frequently results in regrets. Remain composed and avoid letting the hype surrounding cryptocurrencies influence your decisions.

I do not deny that bitcoin is the best coin on the market because not only the profits it brings but also the utilities and practical applications of bitcoin are superior to all altcoins. But is it correct to say that all altcoins are scams and do not bring us profit? ETH, ADA, BNB... and even dogecoin have been bringing thousands of percent profits to many different investors. Not all are scams but they are riskier than bitcoin. You should not exaggerate bitcoin and altcoins more than necessary.

Absolutely agree! Bitcoin has been off the charts for some investors.  Crazy returns compared to regular stocks and all that.  But at the end of the day, nothing is risk-free when it comes to money.  And Bitcoin is notorious for being unpredictable and 

the thing is, you gotta look at Bitcoin, or any investment really knowing that it could make you bank or lose you cash.  I mean, I put a couple hundred in crypto last year and yeah, I made good money.  But a buddy of mine got burned when prices crashed. He was disappointed and sold at a loss, although I advised him not to do so.

So, my point; If you're smart and cautious with crypto you might make out like a bandit. But you could also lose your shirt if you aren't careful. At least that's my take.

You are right, and it is true that Bitcoin is very exciting and has tremendous profit potential, but make sure you understand the risks that come with it, and also have knowledge and understanding of Bitcoin.
Bitcoin can indeed provide big profits, but it also has big risks and no investment is free from risk, and if there were no risks, maybe everyone would not experience losses.
And the general risk of Bitcoin is that high volatility by definition makes Bitcoin risky, apart from regulation, Bitcoin is also still vulnerable to fraud and hackers and other risks.

Bitcoin is considered the best investment in the market because it is quite a safe investment and brings significant profits. But saying that bitcoin is the most profitable and risk-free investment is an exaggeration and a lie. No investment offers high returns without risk, we are bitcoin investors but we need to be realistic. There is no need to lie to deceive others nor does it make bitcoin better. I was once considered a fraud for saying that bitcoin is risk-free and profitable when giving advice to a person. That's unnecessary exaggeration.

A phrase in economics says "all things being equal", meaning that if events turns out as it's supposed to be, without any chance of it going wrong. But in reality we know that it is not easy for every event to go exactly as it was planned. Therefore as the OP plans to borrow with interest to fund his altcoin investment, it's a good profitable decision, but what if it doesn't go as planned, then he might end up being worse off than when he started. From my experience, any business that gives you huge profit in a  short term will also carry huge risks of losing your capital, so for me it's not advisable to borrow capital to fund such businesses.

So I'll advice OP to invest in his preferred altcoin, with his own fund, sale your bitcoin and reinvest it in  altcoin, so it goes as planned, he'll reap the bountiful harvest, if not he'll bear the lose Alone.

As we have a halving year ahead, Bitcoin will be the best investment. Moreover, the best currency to hold Bitcoin is the most profitable in Bitcoin compared to all other altcoins. Most of them turn out to be scams but Bitcoin will never be a scam and it is the most profitable and risk free. Risky investment is altcoin which can lose you money, but if you invest in bitcoin it will give you profit. However Bitcoin is best for long term investment, but altcoin investment is always risky so it is best and wise to invest in Bitcoin for next bull season.

Even though I’m an advocate of diversifying one’s portfolio, I do not agree that holding onto Bitcoin might not yield substantial profits. Unless you’re talking about quick profits, however, over the past years, what cryptocurrency can beat such “substantial profits” offered by Bitcoin? It’s a matter of time for Bitcoin, and for those who want to invest in alts too, be careful because volatility in these Alts can be way more than Bitcoin.

I am also one of those that finds investing in altcoin more profitable than Bitcoin but it is packaged with higher risk.  There are many decent altcoin where we can choose to invest.  Not all altcoins are shitcoins as some of the members here think.  Bitcoin is good if we want to minimize our risk and look for a higher gain than traditional investments.  I agree that in Bitcoin, in order to get 100x we need to wait for a decade or more while 100x in altcoin can possibly happen in just weeks or months if we are lucky but if not we might lose all our investment.  That is the risk of investing in altcoins.

Investing in both is the best approach, IMO.  The funds can be divided according to the person's likings.

There is nothing wrong in altcoins. Why shouldn't you invest in them? in 2020-2021 you could generate a huge profit by investing money in Matic polygon and it was not a shit memecoin, it was a valid coin. BNB was a good option too because that halving was the time of rise for Binance as a trading platform. There are many details that you have to consider because it's not 2016 today when you could 100x your capital in some months via holding bitcoin only.

If you want short term trading with altcoins, you can move your bitcoins into futures and open short or long position while your asset will be calculated in bitcoins. Pros of this method is that if you open short and bitcoin price goes high, in case your short position isn't doing well, your bitcoin's rise will compensate it but cons is that if you open long position but its not going well and bitcoin's price is going down, you'll accelerate go to the way of liquidation.

Let's be specific, which of the altcoins yield more profit than Bitcoin? If I remember correctly, the profits of altcoins are more when you buy at the early stages not when the market is already saturated, so are you suggesting we invest in ICO? If yes, do you realise that more than 98% of token fail? Is that a risk worst taking?

What's the difference between this suggestion and gambling? I don't think it is wise to gamble with money this way when you can simply accumulate Bitcoin and wait for halving that is happening next year.

First and foremost, if you are not sure yet on what to invest aside from bitcoin, better learn first how this market works.
Just reading here will give you better insights on what alts are worth investing, however, you need to assess those suggestions as they are merely their opinions.
Also, better explore the top alts first rather than new alts as the risk is too high for these new alts as they can easily be abandoned without even hitting exchanges.
You can also read in the beginners section and you will read a lot of good insights when it comes to investments.