Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 8.

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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.

Thank you for a very promising idea. But what if I try to make it even better?

Global trend of almost all the altcoins is decreasing. Let’s just follow it right now, there is no need to wait for its short-term break during the next bull run. So, if I have 1 BTC, I can use it as a collateral for 0.5 BTC worth of altcoins and short them. Sooner or later they will be cheaper than now.

Probably, it’s worth choosing altcoins which are not at their ATL right now.

SeriouslyGiveaway

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Quote from: Jawhead999 on August 27, 2023, 12:01:35 AM

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.

I just mentioned that I'll borrow 30k USD when BTC surpasses its peak, not right now. Investing in Altcoins at the moment is quite challenging, but when the bull run cycle arrives, most Altcoins tend to experience some degree of growth. Choosing Altcoins won't be too difficult, I believe. Even in the top 10 Altcoins, there are still options. If you're concerned about making the wrong choice, you can consider those top Altcoins, and the risk of losing money is almost negligible, unless unless you get hacked. Grin

Blitzboy

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Quote from: GigaBit on August 27, 2023, 11:32:27 PM

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

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.

Your idea is good but such a decision may hurt you until the bitcoin bull session starts. If you buy 1 BTC now for $26k and think the bull run is about to start, if you borrow and then invest in altcoins, if for some reason the market goes down again or stays in the same position for a long time, you will have to pay a lot of money as interest. So I think holding to Bitcoin for the long term with whatever money you have, can give you the opportunity to make huge money with less risk over a period of time. If you want to invest in altcoins with a small amount of money possible from your own funds, it can be risky. Since there is a huge investment potential in Bitcoin, it would not seem logical to choose any other platform other than Bitcoin.

I appreciate your cautious attitude, but let me start by telling you the truth. You're mistaking Bitcoin for some sort of old stock when its not. Bitcoin is the wave of the future, and sometimes you have to be brave to ride it. So you're saying to play it safe and hold onto Bitcoin, huh? Saying we should have continued using horse-drawn carriages when the vehicle was invented is absurd.

The forces of supply and demand govern the market. The finite supply of bitcoin? Right there, you have a recipe for value appreciation! Indeed, there are risks associated with altcoins, but this is true of every asset. Diversification is essential to risk management, keep in mind. Even if its a golden Bitcoin basket, you shouldnt put all your eggs in one basket. Lets be creative, flexible, and willing to take calculated chances. That is how development occurs.

Dr.Bitcoin_Strange

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yeah, OP Your strategy sounds pretty cool, but with Bitcoin at $69k and you loaning about $30k from cross-margin, that means you are taking out about 43% from your asset. For me, it's an ugly, bad idea; you don't need to take as much as 43%; rather, 14.5% seems a bit okay. The reason I said this is because most altcoin investments have really ended badly (unpredictably) for many investors. So, what if after you have taken so much loan out on your 1 BTC (from the margin) and the altcoins you invested that money in were not profitable? That's going to be a total mess. Instead, I will suggest that one should rather invest that amount in some other asset that is not cryptocurrency-related. Also, there is one risk you forgot to mention, which is to leave a whole 1 BTC on the centralised exchange. Even if someone wants to carry out your strategy, I would not advise the person to deposit all their Bitcoin to the margin wallet in any CEX; rather, you can just deposit the amount you want to use for the collateral.

GigaBit

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

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.

Your idea is good but such a decision may hurt you until the bitcoin bull session starts. If you buy 1 BTC now for $26k and think the bull run is about to start, if you borrow and then invest in altcoins, if for some reason the market goes down again or stays in the same position for a long time, you will have to pay a lot of money as interest. So I think holding to Bitcoin for the long term with whatever money you have, can give you the opportunity to make huge money with less risk over a period of time. If you want to invest in altcoins with a small amount of money possible from your own funds, it can be risky. Since there is a huge investment potential in Bitcoin, it would not seem logical to choose any other platform other than Bitcoin.

traderethereum

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Not many people can have $26,000 and are willing to use it as an initial investment in bitcoin.
Most people will start with a small amount of money, trying to learn it first and see the situation when they can buy again.
But if it is a bitcoin or altcoin investment, I still recommend investing in Bitcoin as the main investment while altcoins as an additional investment.
For when to sell the bitcoin, you can determine the next highest price, then sell it and switch to altcoins, but there are risks because you have to choose the altcoin, even though it's not easy.
But you can analyze the list of the top 50 coins, so there are not too many choices.

Afnan_faizah

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I think BTC is still the best choice. Although altcoin maybe give us bigger opportunity to gain profit but not all altcoins are good also there is no guarantee. but if you really want to buy altcoin maybe popular altcoin can be good choice. Maybe Eth, BNB, Tron, Ftm, or some new popular meme coin are good but there is no guarantee, it is just my opinion.

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Quote from: Sexylizzy2813 on August 27, 2023, 02:35:11 PM

I'm surprised you asked that, OP since we all know that altcoins have more room to grow but a higher chance for failure using it to compare with Bitcoin is for me not a wise decision. I see altcoins as a pump and dump and even though they've got greater potential for offering reward for investment, they are still not upto par in my ratings of them. But it would be weird if I begin to make decisions for you based on my sentiments so it's best to take that decision by yourself.

Assuming that altcoins are a pump-and-dump scheme that is not entirely the case with some of the top altcoins.
You should look at Ethereum which is the king of altcoins and always follows Bitcoin.

I like both Bitcoin and Ethereum because they have clear developments and strong communities.
Altcoins do not always provide a high chance of failure, just look at what Altcoins you hold.
If you hold untrusted memecoins and altcoins it will be more risky to lose.

Bitcoin is the main investment and there is no doubt about it, while Altcoins such as Ethereum are second optional for long-term and short-term investments.

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Quote from: m2017 on August 27, 2023, 09:22:51 AM

I read OP's post and, you know, some thoughts immediately arose.

- Why be greedy? Bitcoin shows a very high yield compared to other investment instruments. I understand that there is never a lot of money, but all these additional actions with a loan and investing in altcoins create unnecessary risks. I would say unreasonably high.

Altcoins give higher yields than Bitcoin if the person is lucky but I do not think it is worth taking the risk of picking these altcoins since the majority of the newly launched crypto projects do not offer innovations instead are here to milk investors of their money.

Quote

- Why borrow? If at some stage of your scheme something goes wrong, then your entire ingenious scheme will collapse, but the debt will still have to be repaid. There has long been an opinion in the BTC-community that you should never invest in crypto with borrowed money. This also applies to your situation.

I also discourage the thought of borrowing money to invest in cryptocurrency, although with the performance of Bitcoin during the bull run, it is no doubt that it has a higher chance of profit success but investing it on altcoin, it would probably be devastating.

Agbe

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Op the matter what, bitcoin is the king in the crypto world. So investing in Bitcoin is the best. Yes many are still thinking where to invest whether bitcoin or altcoins. The best asset to invest in for the up coming bull market is bitcoin and bitcoin alone. When you look well, the bull that is coming is not even for any other cryptocurrencies but for only bitcoin and the altcoins can only follow the trend of bitcoin so what is the need for investing in altcoins.

Sexylizzy2813

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I'm surprised you asked that, OP since we all know that altcoins have more room to grow but a higher chance for failure using it to compare with Bitcoin is for me not a wise decision. I see altcoins as a pump and dump and even though they've got greater potential for offering reward for investment, they are still not upto par in my ratings of them. But it would be weird if I begin to make decisions for you based on my sentiments so it's best to take that decision by yourself.

Faisal2202

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You are forgetting about interest rates and the risk involved in this process. Because no one says BTC will really exceed $70k, the number definitely says that BTC has more potential, as I just replied to a post in which the OP said BTC has the potential to cross $170,000, but still, nothing is for sure in crypto, so do not make decisions that could ruin you and do not play out of your league too.

But if you have enough funds to back your things up and your life will not be effected by the downfall of your plan, then you should really follow this plan, as this plan has more benefits and gains than just holding the BTC. But to be honest, I am against margin as we have to pay interest, and that's something I do not encourage people to pay.

Due to many reasons, I discourage interest, but I still like your plan. The risk is still high, so be careful with it. And are you just sharing it here or are you also going to follow it too? If you are really going to follow it, then I would love to see the outcomes once the BTC reaches ATH.

Plus, I did not mention the fact that how ALT's coin investment will turn out might be one that could cost you a lot.

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

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.

You only assume that Altcoin will continue to pump right after you manage to get profit from Bitcoin by hitting the previous peak. The calculation is very exaggerated since the only potential growth of Bitcoin that time will be only small since it pumps along with Bitcoin and there’s a low chance that Altcoin extend further it pump after Bitcoin slow down.

Using cross margin is not a bad idea but doing it while most of the token is already pump hard will give the chance to liquidate your hard earned capital since you use it as collateral.

panganib999

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I say you should diversify. Sometimes putting all your eggs in one basket's bound to cause you less profit in the long run, and more losses in the process as it forces you to play around a single asset, whereas diversifying your portfolio could literally allow you to rake in profits from different assets and all that. It's a simple concept but it works wonders. So in the case of investing on bitcoin only or on altcoins, the actual best option is a choice between the two. You might wanna do that if you want to maximize profits in the bull season.

nakamura12

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The amount of money you expected might not happen and if you choose altcoins then the chance of earning that profit may decrease especially if the altcoin that you chose may not be a good altcoin. If you decided to pick altcoins instead of Bitcoin then I recommend that you should buy the altcoin that is included in the top 10. What I mean is that altcoins that isn't in too leaderboard may not be profitable or you can see any promises that it will boom during bullrun.

Bananington

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It is clear if the person does this kind of post as explained all because of a supposed bull run approaching. It is okay to expect such, it is only wrong to be confused as to which invesment would be more profitable than the other.
I would go with BTC, firstly before considering other options because of its track record of being profitable during a bull run cycle for once.

Ultegra134

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Quote from: pooya87 on August 27, 2023, 08:00:39 AM

Quote from: KiaKia on August 27, 2023, 02:09:23 AM

and the best advice is to never put all your eggs into one basket.

The only part of your post I disagree with is this.
Diversification in my books is when you buy "assets" that are not related to each other. Meaning if one dumped the others won't follow. We all know that this is not true about altcoins, each time bitcoin makes a move they get dumped. That makes them terrible for diversification.

Not putting all the eggs in one basket in my opinion should be investing in bitcoin then in things like gold, stocks, real estate, etc. that aren't linked to bitcoin or vice versa.

That's correct; all coins, including Bitcoin, are correlated to each other; when Bitcoin crashes, the rest follow. Thus, this rule can't exactly be applied word for word. However, it does apply in cases such as Terra, XRP, or Fantom, all of which were coins that were dumped for a variety of reasons that weren't directly associated with a market crash. So, diversification helps you avoid losing money on coins that fail over the course of their lifetime. I don't see how diversification in altcoins could lower the risk; certainly established ones such as Ethereum and BNB are safer options, but that doesn't change what has been mentioned earlier.

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Quote from: Wimex on August 27, 2023, 10:20:55 AM

Now if my income is good enough, I would choose to do what you indicate, because I agree that it is better to play it safe where you put your capital, real estate and gold...especially gold...they are options that can provide security, I would definitely go these roads.

I didn't recommend that people invest in those assets because they are safe in themselves, not at all, there is risk in investing in any asset, i was talking about the notion of "never put your eggs in one basket" or "diversify with your money", which i obviously agree with, but what i disagree on is buying BTC and alts to achieve that. These are assets that are obviously related to one another, doing things the right way would be investing in BTC and another asset that is unrelated, like Gold for example.

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Quote from: DeathAngel on August 27, 2023, 08:31:28 AM

It depends what your risk tolerance is & how much capital you have to invest. For me personally I would advise bitcoin only, I was an early adopter though so I am in a different position maybe. You can make more money in certain alts but you are playing the altcoin roulette then aren’t you. You are just as likely to get rugged or something. If you buy bitcoin now you could make 5 or 6 x your money in the bull run. If you buy the right alts you could do a lot more than 5 or 6 x. It depends how much risk you are comfortable with though.

Going with Bitcoin is safer than buying and accumulating the altcoins. The main reason for this is that we know that bitcoin will reach its all time high in the next cycle but we cannot say with certainty about altcoins. Also, there are so many altcoins, and we never know if the altcoins we invest in, may not perform as expected or may not be available by the time we have the next bull season.

There are many altcoins that perform well in one bull cycle but are nowhere to be found in the next bull cycle. Due to this, we should invest the majority of our portfolio in bitcoin and only risk a small percentage by accumulating good altcoins.

Wimex

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Quote from: Z-tight on August 27, 2023, 07:15:37 AM

Quote from: ImThour on August 27, 2023, 12:57:45 AM

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.

Never put your eggs is one basket is correct, but i don't think that idea should apply to diversifying into BTC and Altcoins, it is more logical to put those 'eggs' into other investments that aren't intrinsic to crypto, investments like Real Estate, Gold, etc.

Altcoins are 'wild' and if you haven't invested in them before, i may advice you to forget about that option. There are seasoned altcoin investors, Cheesy

who know how to sell fast when it comes to the point of dumping, if you buy with them when the alts pump and help them pump the price the more, when it begins to dump, they will dump or sell on you before you know what's happening, leaving you with worthless coins. Cheesy

Some big businessmen and traders say that sometimes you have to take risks to win and this can be true to a certain extent and in certain circumstances, but with digital currencies I think we can see it differently... when we talk about risk, we can focus on this issue, as the availability to risk investing in these, the problem comes when you have to decide which of them, since the arrival of bitcoin many other versions of this called Alcoins have come out that have tried to improve the characteristics of the original but many of these projects have failed, so if we take this into account, it could be said that for many the best option is bitcoin, and it is with the only currency, which personally I would dare to choose for this bullish cycle and for any other time...

Quote

Never put your eggs is one basket is correct, but i don't think that idea should apply to diversifying into BTC and Altcoins, it is more logical to put those 'eggs' into other investments that aren't intrinsic to crypto, investments like Real Estate, Gold, etc.

Now if my income is good enough, I would choose to do what you indicate, because I agree that it is better to play it safe where you put your capital, real estate and gold...especially gold...they are options that can provide security, I would definitely go these roads.

Topic: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 8. (Read 1445 times)