Topic: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 6. (Read 1445 times)

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.

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.

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.

Yes, a agree with you that for newbies who intend to invest in crypto, Bitcoin should be their choice, whereas for experience crypto investors who intend to take risk, then altcoin should be their best try, since the truth of the fact is that altcoins are always more volatile compared to Bitcoin, and it will be of more harm for a clueless newbie to jump into it without prior knowledge of knowing how it operates, which as time goes on, likely to gain more knowledgeable about investing in Bitcoin.

Alts depend entirely on bitcoin. 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. 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.

It all depends on your expertise about understanding the market. Some understand bitcoin market well while some are proficient at Alts. For me bitcoin is the primary choice of investment as I find it the controlling agent of crypto market. See if bitcoin is up everything is up and vice versa. Its better to have a ratio of 70:30 between bitcoin and alts. Alts are mostly dependent on bitcoin for there bull runs.

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.

We all have different experiences with our crypto investments, some have been highly profitable on bitcoin while some have been making excellent profits with altcoins. So no one can decide for the other person. However, if we know how to diversify and include them both as our investments, then we will have no problems or missed opportunities in the future. Invest in both of them with caution, and learn to assess from your own experience which one deserves bigger or smaller allocation, so that you can still gain profits from both of them when bullish market happens.

If you're really into Altcoins then you should definitely give enough time to research and testing because many times top 10 altcoins also got devalued without any warning. I would encourage you to study the case of Terra Luna because once that coin was also among the top 10 cryptocurrencies but in a week it lost most of its value and many investors have lost a lot of their investment due to Luna crash.

If you still want to go with the altcoins then I recommend you to stick with the ones that have been doing great for many years. Some people may recommend you to go with Arbitrum or Polygon (MATIC) but I think those are still new in market and both of them can suffer huge value drops. I'm sure that if you diversify your $30k on ETH, BNB, LTC, Doge, and to some extent XRP, then you'll still be safe from losing your capital. The XRP may not get much higher in value but it's the safest among all of those because it will continue to survive in next bull run.

Just do remember that investing even in bitcoin will take some considerations on your end.
It depends on your financial conditions when you get involved with this market.
Assess your situation if you can wait longer before you can sell. Just hold off if you are not ready in this market.
So choosing between bitcoin and alts, relies on how well you know each market and how ready you are in facing the possible hurdles that may come while you are still holding those coins.

In an investment we need to consider the risk, between an altcoin and Bitcoin, it is established that it is way much safe to invest in Bitcoin.  Aside from that, the current situation of the incoming halving of Bitcoin states that the market is about to become bullish, and we know that during the bullish run of Bitcoin in its 4-year cycle, it always happen that it tends to break its all time high which often gives its investors a huge profit.

Borrow only $30,000 or even less, not more.

I like our idea Op it is a very good and low risk strategy for next crypto bull run, but it will work fine for experienced people they have a experience when to borrow and move towards altcoin.