Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 5.

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Quote from: tjtonmoy on September 08, 2023, 05:37:58 AM

I don't like altcoins anymore. I used to be in altcoin in the past but when I realized what kind of shit they are, I switched to Bitcoin. And I am serious about it. I know I won't make higher profits if I only stick to Bitcoin. But that doesn't matter. What profits I will make from Bitcoin is more than enough for me.
Choosing altcoins is a gamble. Either it will be a successful one or it will fail. And the profit-making thing is optional. It may follow the sentiment and pump in price or I won't be able to do it even once.
Also, the fact that altcoins have fewer use cases, and for that, after a huge pump in price, if it falls, it may never go up again. Even after hodling for years. Once it's gone, it's gone. So it is hard to compete with others and choose the right time to sell.

Why take that risk when I can just rely on BTC? I can sell in portions in different price ranges. That will maximize the profit and also I won't regret selling early or late.

Talk about altcoins, we are talking about gambling rather than investing, as these projects thrive on hype only to eventually dissipate. Altcoins don't have any technology or utility, it's all just pump and dump. However, if an individual possesses a proclivity for gambling and revels risks to potentially substantial rewards, then exploring altcoins might align with their personal inclinations and choices.

Bitcoin will remain a safer investment than altcoins. But I also don't hate someone investing in altcoins because they're investing with their own money. We have no right to intervene or teach them anything because we cannot help them.

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Quote from: Questat on September 08, 2023, 07:00:49 AM

Not really I'm going off to altcoins but for some reason, it's going to be on limitation.
I have some altcoins that invested in the past years and I bought them because it looked very promising but suddenly the market has changed and the developers have gone. It is a losing experience that taught me something about how to be careful in choosing altcoins as it not only look very promising but most importantly is that it have a use case. Now, only ETH and BNB had left on me while disregarding those coins that I had before because it was hopeless already.

The experience was very valuable and I have experienced it too so I decided not to save many Altcoins anymore to avoid something like this happening again, I don't even save any Altcoins for now.
But for BNB and ETH I think it's a good choice and I consider it the same as Bitcoin so I decided to just hold Bitcoin.
The movements of the two Altcoins always follow the price of Bitcoin, so I think it's the same, just the percentage of profit is different if the price increases.

Quote from: DanWalker on September 07, 2023, 11:21:16 PM

My investment view is to focus 70% of capital on bitcoin, the remaining 30% is evenly distributed to altcoins, be it topcoins or some low-cap coins. Never let altcoins take up the majority of your investment portfolio, it is more like gambling than investing because altcoins are quite risky.

Saying that all altcoins are scams and not worth investing in is wrong because many altcoins also give very good returns, but there is nothing wrong with someone investing only in bitcoin and saying no to altcoins. It all depends on the taste of each person, no one is wrong.

Allocating a little for the possibility of big profits I don't think is a bad thing as long as it doesn't interfere with investment plans in Bitcoin or other top coins.
If someone says that a low cap coin is a fraud I will not refute it because of the many coins there are only a few that can be promising, the rest will pass you by.

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Not really I'm going off to altcoins but for some reason, it's going to be on limitation.
I have some altcoins that invested in the past years and I bought them because it looked very promising but suddenly the market has changed and the developers have gone. It is a losing experience that taught me something about how to be careful in choosing altcoins as it not only look very promising but most importantly is that it have a use case. Now, only ETH and BNB had left on me while disregarding those coins that I had before because it was hopeless already.

tjtonmoy

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I don't like altcoins anymore. I used to be in altcoin in the past but when I realized what kind of shit they are, I switched to Bitcoin. And I am serious about it. I know I won't make higher profits if I only stick to Bitcoin. But that doesn't matter. What profits I will make from Bitcoin is more than enough for me.
Choosing altcoins is a gamble. Either it will be a successful one or it will fail. And the profit-making thing is optional. It may follow the sentiment and pump in price or I won't be able to do it even once.
Also, the fact that altcoins have fewer use cases, and for that, after a huge pump in price, if it falls, it may never go up again. Even after hodling for years. Once it's gone, it's gone. So it is hard to compete with others and choose the right time to sell.

Why take that risk when I can just rely on BTC? I can sell in portions in different price ranges. That will maximize the profit and also I won't regret selling early or late.

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Quote from: xSkylarx on September 07, 2023, 11:10:27 PM

Quote from: Texac on September 07, 2023, 10:39:44 PM

Quote from: Bitcoin_people on September 07, 2023, 09:12:47 PM

There is no need to go into Altcoin investment as there are chances of scams most of the time. If you want to make a smart investment, it is definitely better to invest in Bitcoin, in which case Altcoin can never be a smart investment. We think that now is a good time to invest as the price of various coins including Bitcoin market has decreased. If we invest from this bear market then surely it is a bull market and we will expect huge amount of profit. And if you invest from Bitcoin current time then you have to invest from $26k dollars. Although there won't be much profit now, if you wait until the bull market, you will more than double your profit. And if you invest the same amount of money in altcoin then surely there is a possibility of losing money in future. That is why you must invest wisely in the field of investment.

Many people always say that all altcoins are scams but do you see that ETH or BNB are more profitable than bitcoin during the 2021 bull season? and I bet you that ETH's increase in the upcoming bull season will also be more significant than bitcoin's. bitcoin is safer, that is undeniably, but not necessarily bad if we invest in altcoins. just because you don't know enough to profit from altcoins doesn't mean everyone else is like you. smart investments are those that bring the highest returns, not just one thing.

Others haven't experienced it for sure, which is why they are saying it, but those who said it said that they only want those new release coins to invest in because it's cheaper than having ETH and BNB, and that is where they get scammed.

But having both Bitcoin and altcoins is good as you diversify your investment, but be cautious, and it is better to only invest in top altcoins like BNB, ETH, and XRP.

My investment view is to focus 70% of capital on bitcoin, the remaining 30% is evenly distributed to altcoins, be it topcoins or some low-cap coins. Never let altcoins take up the majority of your investment portfolio, it is more like gambling than investing because altcoins are quite risky.

Saying that all altcoins are scams and not worth investing in is wrong because many altcoins also give very good returns, but there is nothing wrong with someone investing only in bitcoin and saying no to altcoins. It all depends on the taste of each person, no one is wrong.

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Quote from: Texac on September 07, 2023, 10:39:44 PM

Quote from: Bitcoin_people on September 07, 2023, 09:12:47 PM

There is no need to go into Altcoin investment as there are chances of scams most of the time. If you want to make a smart investment, it is definitely better to invest in Bitcoin, in which case Altcoin can never be a smart investment. We think that now is a good time to invest as the price of various coins including Bitcoin market has decreased. If we invest from this bear market then surely it is a bull market and we will expect huge amount of profit. And if you invest from Bitcoin current time then you have to invest from $26k dollars. Although there won't be much profit now, if you wait until the bull market, you will more than double your profit. And if you invest the same amount of money in altcoin then surely there is a possibility of losing money in future. That is why you must invest wisely in the field of investment.

Many people always say that all altcoins are scams but do you see that ETH or BNB are more profitable than bitcoin during the 2021 bull season? and I bet you that ETH's increase in the upcoming bull season will also be more significant than bitcoin's. bitcoin is safer, that is undeniably, but not necessarily bad if we invest in altcoins. just because you don't know enough to profit from altcoins doesn't mean everyone else is like you. smart investments are those that bring the highest returns, not just one thing.

Others haven't experienced it for sure, which is why they are saying it, but those who said it said that they only want those new release coins to invest in because it's cheaper than having ETH and BNB, and that is where they get scammed.

But having both Bitcoin and altcoins is good as you diversify your investment, but be cautious, and it is better to only invest in top altcoins like BNB, ETH, and XRP.

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Quote from: Bitcoin_people on September 07, 2023, 09:12:47 PM

There is no need to go into Altcoin investment as there are chances of scams most of the time. If you want to make a smart investment, it is definitely better to invest in Bitcoin, in which case Altcoin can never be a smart investment. We think that now is a good time to invest as the price of various coins including Bitcoin market has decreased. If we invest from this bear market then surely it is a bull market and we will expect huge amount of profit. And if you invest from Bitcoin current time then you have to invest from $26k dollars. Although there won't be much profit now, if you wait until the bull market, you will more than double your profit. And if you invest the same amount of money in altcoin then surely there is a possibility of losing money in future. That is why you must invest wisely in the field of investment.

Many people always say that all altcoins are scams but do you see that ETH or BNB are more profitable than bitcoin during the 2021 bull season? and I bet you that ETH's increase in the upcoming bull season will also be more significant than bitcoin's. bitcoin is safer, that is undeniably, but not necessarily bad if we invest in altcoins. just because you don't know enough to profit from altcoins doesn't mean everyone else is like you. smart investments are those that bring the highest returns, not just one thing.

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There is no need to go into Altcoin investment as there are chances of scams most of the time. If you want to make a smart investment, it is definitely better to invest in Bitcoin, in which case Altcoin can never be a smart investment. We think that now is a good time to invest as the price of various coins including Bitcoin market has decreased. If we invest from this bear market then surely it is a bull market and we will expect huge amount of profit. And if you invest from Bitcoin current time then you have to invest from $26k dollars. Although there won't be much profit now, if you wait until the bull market, you will more than double your profit. And if you invest the same amount of money in altcoin then surely there is a possibility of losing money in future. That is why you must invest wisely in the field of investment.

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Quote from: legendbtc on September 03, 2023, 04:08:32 AM

But one thing we should not deny is that investing in altcoins is very risky but the profits it brings us are not small, if not their profits are many times greater than bitcoin brings.

Both Bitcoin and altcoins are risky, no crypto coin is really safe. But it is true that altcoins is riskier because its volatility is higher. However, higher volatility enables bigger profits. People who expect for bigger profits, probably interested in altcoins.

Quote from: legendbtc on September 03, 2023, 04:08:32 AM

I understand that investing in bitcoin is safe but don't ignore altcoins either, especially during bull season when most of them will go crazy in price. High risk, high profit, depending on each person's thinking, I have made a lot of profit from altcoins in 2021 so there is no reason to ignore it.

Bitcoin isn't totally safe, it has a risk too. Who can guarantee the same pattern of bullrun season will repeat? No one knows how the next bullish season to happen. Although the price skyrocket in the previous bullrun seasons, it is not impossible if it may not repeat again due to many factors. Regarding the potential of altcoins, it is almost the same as Bitcoin. The price of altcoins can skyrocket if Bitcoin can increase its value significantly. If the price of Bitcoin can't increase much, I doubt if there will be big altcoin season.

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Quote from: romero121 on September 07, 2023, 06:21:32 PM

Altcoins follow the bitcoin price movement. This means when the bitcoin turns bullish we'll be able to experience it on the altcoins. Only the percentage of rise varies. At times the profiting out of the altcoins used to be much higher in percentage against the profit from bitcoin. As most of the people suggested bitcoin gives the assurance of profit as well as gives a risk free investment access whereas altcoins aren't the same.

In all means a diversified investment will keep you on the right track. With diversified investment it is possible to overcome the profit/loss as we'll be able to compensate one with the other. Going all in one will make this a risky task. Even if one prefer to invest on altcoins, the choice should be on the leading altcoins or the best in the market. Trying with new ones is risky, and some gives good return out of luck.

It can be said that luck plays an important role in all our victories, but making big profits from altcoins is not entirely determined by luck but depends on your knowledge and analytical ability. Don't assume that investing in low-cap coins is just luck. I have seen a few people who specialize in investing in memes, and low cap coins and they make a lot of profit from them, it is not luck but their ability.

Bitcoin or altcoin both have the potential to bring profits, the choice of which depends on the ability of each person, those who do not have enough skills and knowledge should stay away from altcoins.

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Altcoins follow the bitcoin price movement. This means when the bitcoin turns bullish we'll be able to experience it on the altcoins. Only the percentage of rise varies. At times the profiting out of the altcoins used to be much higher in percentage against the profit from bitcoin. As most of the people suggested bitcoin gives the assurance of profit as well as gives a risk free investment access whereas altcoins aren't the same.

In all means a diversified investment will keep you on the right track. With diversified investment it is possible to overcome the profit/loss as we'll be able to compensate one with the other. Going all in one will make this a risky task. Even if one prefer to invest on altcoins, the choice should be on the leading altcoins or the best in the market. Trying with new ones is risky, and some gives good return out of luck.

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Quote from: fruktik on September 07, 2023, 03:16:47 AM

No one recommends messing with alts. The risks of losing all funds overnight are too high. I agree with you that in the process of investing, diversification is simply indispensable. In the crypto direction, this is especially true.
But many still do not understand this approach and invest all their capital in one asset. What does this lead to? Already wrote above.

Some individuals recommend it, reading through this thread and you'll see many individuals asking the op to invest in alts while they know the risk that altcoins investment has. We have to learn from other experience as many individual that have invested in altcoins are filled with regrets as they lost money. Only few individual benefits from altcoins and these are the set of individual that were the first to find the altcoins and invested before it became popular.

Bitcoin gives everyone profits equally, nobody is dumping bitcoin on you like how altcoins are been dumped on late investors. You can't get scammed investing in Bitcoin so it's always better to invest in Bitcoin instead of been under the risk of losing everything to a scam altcoins.

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After bitcoin is now the centralized coin so are you willing to risk or not? Bitcoin we can say is one of the safe havens, and altcoins are not. The main difference is the possible profit and risk. In bitcoin even though huge investment you have but the market does not move a huge wave just a small profit you gain every day unlike the altcoins getting the ride with the bitcoin when the bitcoin moves there's a large percentage of increase in their part. Another thing is people want to risk in altcoins because of this possible large earning profit also we can include the shitcoins they are willing to risk everything just to get instant profit.

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For me, because the market is still uncertain until now, I mean it's still a bearish and very red market currently, I wouldn't buy any altcoin, I will just hold and slowly compounding my Bitcoin. With bearish market, buying altcoin is way to risky in my opinion, later on if the market has shown a promising bull run, only then I would buy some altcoins.

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Quote from: SeriouslyGiveaway on August 26, 2023, 11:13:33 PM

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.

What happens if the bear dip hits first and then you're suddenly faced with a margin call, meaning you have to add more bitcoins to the loan?

It's a good strategy (for traders - not for regular people as it is very likely they will mess up somewhere down the road) if you know which altcoins to capitalize on, but like I said, it is more suited for people who pay close attention to the crypto markets.

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A fine simulation, but calculating based on the best-case scenario alone would set expectations too high. I opt to maintain a rational and sensible mindset, as everyone possesses varying levels of luck.

If I indeed possess 1 BTC right now, which is equivalent to $25,700, I would hold onto it until the next bull run materializes. I'm willing to wait for up to 2 years to ensure that the ATH after the halving genuinely occurs.

At a price of $80k, I find it a more reasonable figure for the next bull run, even though the ATH may surpass that. I'd be content if it truly reaches the $80k target. I might decide to sell it all.

Then, I'd purchase some top 10 altcoins with the 15% profit I gain from BTC, perhaps around $5k to $10k. Ensuring the arrival of the ALT season to find a selling point that could yield +50% to +100% is satisfactory for me.

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The cryptocurrency market is so wide that we have Bitcoin as number one, Ethereum coin and other alt-coins followed, so investment has to deal with spreading with a solid project or top 100 coins listed in Coin market cap (CMC) while waiting for the next bull run market.

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Quote from: Nrcewker on September 03, 2023, 04:36:35 AM

If you always diversify your investments, then it will be great for you on long run. You need not have to rely on particular one asset. If you ask me Bitcoins or alts, then I will definitely say Bitcoins. It’s because the marketcap of the coin is high and unlike other alts, it’s limited in numbers. Hence it is very rare. So there is high chances that if demand increases to buy the coin during bull run, then the price will go up. Moreover if you want, you can buy few alts too, for backup purpose.

No one recommends messing with alts. The risks of losing all funds overnight are too high. I agree with you that in the process of investing, diversification is simply indispensable. In the crypto direction, this is especially true.
But many still do not understand this approach and invest all their capital in one asset. What does this lead to? Already wrote above.

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Quote from: Nrcewker on September 03, 2023, 04:36:35 AM

If you always diversify your investments, then it will be great for you on long run. You need not have to rely on particular one asset. If you ask me Bitcoins or alts, then I will definitely say Bitcoins. It’s because the marketcap of the coin is high and unlike other alts, it’s limited in numbers. Hence it is very rare. So there is high chances that if demand increases to buy the coin during bull run, then the price will go up. Moreover if you want, you can buy few alts too, for backup purpose.

Bitcoin definitely has limited supply compared to popular alts like Ethereum which has unlimited supply. Its fair to say that crypto market stands on the shoulders of bitcoin and we haven't seen till date any bull run that is initiated by alt. That's why it's better to place your capital into bitcoin since its more safe there if compared with Alts.
I bought a popular emerging Alt few days back since there were speculation that it has so many unique features and it will go high. Now 3 months after my investment that alt is down and so is my investment.

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Quote from: Sim_card on September 03, 2023, 07:54:27 AM

Quote from: blckhawk on September 03, 2023, 03:41:29 AM

30k is a scary amount to invest in altcoins even if you know that an altcoin boom is coming in the horizon, I've learned my lesson about altcoins last season so I don't want to repeat the same mistakes, I'm better off just waiting for my bitcoin to grow and hopefully sell it at a favorable price and then hopefully get in quickly to it. OP's plan is feasible and attractive to follow but that will be the possible scenario if all the stuff that OP mentioned exactly happened and we know that the cryptocurrency market is a volatile market and you will never know what's going to happen even if you are good at market analysis.

Investing in altcoins shouldn't be done with much money but only the amount that you can afford to loss. Altcoins can be hype by the dev and the price will pump 100X and before you know it,you that invested at that time becomes the loser because in no time,it will turn to zero,leaving you frustrated. It is better to invest in bitcoin and hodli for long and get profit from it during the bull run. Than to invest in some altcoins that would give you sleepless night. The most valuable cryptocurrency is bit coin and the rest are duplicates.

I can feel your enthusiasm. Bitcoin is the ONE, its true. The original. That said, not all alts are garbage.

Although some altcoins may be unstable and appear to be "duplicates" alone, innovation necessitates trial and error. Some of these alternative currencies offer innovative technologies and use cases that have the potential to revolutionise certain sectors. Additionally, variety is essential.

Even if the basket is adorned with the Bitcoin logo, its always a good idea to conduct extensive research and spread your investments out. Let's support Bitcoin, but not at the price of other possible cutting-edge technologies.

Topic: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 5. (Read 1445 times)