Topic: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 9. (Read 1445 times)

I hope the alt coin shit dies and that market cap pours in BTC. I really don't expect much more from altcoins than a few flair ups or Elon comes out like the Doge incident. So many it's stupid and diluted.

I quietly went by but the new EDX exchange (big boys) seemed to breath some interest in Litecoin and Bitcoincash. They utilize "The exchange offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash"

https://en.wikipedia.org/wiki/EDX_Markets

I will be sticking with what the big boys do going forward.

Considering the past information, altcoin investment is mostly unreliable. You assume yourself taking a big risk when you get into it. The best thing to do is to invest in bitcoin thinking about the prior bull runs. There is high tendency of making profit at the end of the day, than taking a big risk of altcoin investment and being uncertain.

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.

- 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.

- Do I understand correctly that by placing btc in the cross margin, you lose control of bitcoin? This is another weak point in this scheme. Never, under any circumstances, give your BTC for safekeeping to others.

- Why don't you like "just hodl"?

I disagree with your approach. OP, Altcoins are not trustworthy at all, and the fact that you would be borrowing money and using some of your bitcoin as collateral is the dumbest thing you could possibly do. What if things don't work out as planned? You'll have to use your bitcoins to settle the loan.  Many altcoins appear to have potential during a bull run, but we all know how risky investing in them can be. Since you are considering investing up to $30,000 into altcoins, that means you will be investing in a lot of altcoins, increasing the possibility that you will invest in a scam project. Don't be fooled by the term "bull run"—you still need to be cautious as you always are. Scammers are aware that during bull runs it is easy to draw in enough victims because many individuals will be in search of the perfect investment.

Altcoins are promising and can generate huge profits but can’t be fully reliant on them and you would need a different approach if you want to be more efficient.

Look, I've made some difficult choices in my time. And the same holds true when it comes to the world of crypto. You have a promising strategy, but as any effective leader would tell you, there is no one-size-fits-all solution here.

Your strategy for using BTC as a stronghold and then leveraging it for alternative cryptocurrencies? This demonstrates innovative thought. However, it is essential to recall the market's unpredictability. It is similar to attempting to anticipate what Joe Biden will say next.

If you have the resources, why not hedge your bets? Divide this investment. While BTC has proven its worth in gold (or should I say Bitcoin? ), alternative cryptocurrencies have demonstrated considerable promise. And regarding borrowing, remember that it is not free money. Be cautious, diligent, and above all, never invest money you cannot afford to lose.

Stop talking Altcoins here, we prefer you to ask "what needs to be prepared for the upcoming Bitcoin Bull Run cycle". Bitcoin is always at the forefront under any circumstances, small recent corrections can be added to your investment agenda to welcome the arrival of the Bull Run.
If you are full of confidence in the upcoming cycle, immediately do something that can bring profit when the Bull Run arrives. Bitcoin has proven to be able to survive even though there was turmoil in the market, we always believe Bitcoin will be able to break the previous ATH to set a new record in the next few years.

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.

I also agree with you because crypto is not like forex. I believe with Bitcoin dominance because that is what I have seen in the market. Everytime the price of Bitcoin goes up, alts will follow. No matter how strong the currency pair is, it's still get affected especially if there's a massive dump in Bitcoin.

Aside from that, o maximize earning, diversification is the key because those high volatility alts has a potential to make its price quadruple or more. And you don't exactly know which alt is it.

The strategy from @OP is only for people who already have a lot of experience in investing in crypto. But if anyone asks what to choose for the next bull run cycle, Bitcoin will be the answer. However, they can still invest in altcoins for the short and medium term to maximize their profits in crypto.

But it will not be easy if they want to invest in altcoins because they have to look for potential coins to increase. It will take a while to determine, depending on your skills in analyzing each coin. And don't borrow money from other place to invest in crypto because we don't know when our investment will start increasing.

But don't forget to give a bigger portion in Bitcoin and make Bitcoin your main investment. And investing in altcoins as an additional investment that can provide additional profit as well.

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.

It's based on your investment,if you had huge money like 1k-2k dollar for the investment.The better option for your investment will be Bitcoin,If you are investing like less than 500$.The better option will be the altcoin,Ethereum and ADA will be the better option.Since the investment is low, it's better to keep your investment in ADA.The ADA is the good and solid project,the price ADA will reach some good value after the bull run in 2024.

It's going to be unfair to say go with bitcoin when the crypto markets have quite a vast number of coins (altcoins) to choose from..which means keep an open mind and invest in both as a way to diversify your portfolio should be the perfect strategy.

Btw bitcoin will not always be the coin with the best ROI, so if it's catching coins with decent ROI diversification is the name of the game.

If your strategy is to catch the low or peak of the market,  then you are better off learning some technical analysis to buy  some bitcoin once all requirements are met.

It seems that this question is upside down, doesn't it? because it should be when to sell Altcoin and switch to Bitcoin. But keep in mind that Bitcoin cycles cannot be equated with altcoins which are easier to manipulate quickly. Even when the Altcoin bull market will turn things around 180 degrees. Therefore I did not include a budget for any altcoins. My goal is quite simple where the Bitcoin handle is the ultimate safest peak of pump and dump manipulation activity. Do you think we humans are perfect? who can endure beyond our means. I mean running bulls come and still Hodl? don't sell it at all, even if it's only 1%, then where is the beauty of investing in Bitcoin if you don't enjoy what we should feel because it's gotten to the point where anyone will take advantage first rather than just watching it. .

I understand your point: Bitcoin cannot multiply itself in value as it used to in the past. It's currently trending at $26,000, and a new ATH would get you to $70,000, yielding approximately $40,000 to $45,000 at most. It's funny how we're talking about thousands of dollars like they're peanuts. However, if your strategy is that simple and efficient, why doesn't everyone do it? I'm not trying to be offensive by any means, but no established altcoin, such as Ethereum, BNB, Polkadot, or many others, is going to go x10 in value either.

You're mostly referring to pump and dump coins, or generally those that are hyped and are extremely volatile from the moment they're listed. Although it sounds like a great idea, it is not as simple as that, not to mention how risky it would be to invest $25,000 in altcoins that you may not be familiar with. The concept that Polkadot, for instance, or any other low-priced altcoin is more likely to double, triple, or quadruple in value is completely false because that would require billions in order to reach the necessary market cap and ultimately the price we're discussing.

It’s indeed an amazing strategy but you can’t always get it right you know, what if you miss the timing, because like we all know, timing is everything, just take for instance you buy your 1BTC and then right after you buy it and expecting the market to surpass its previous peak and then you get the opposite and it comes crashing down for another couple of years and not even getting close to the previous peak?

Or let’s assume it does exceed the previous peak and then you use it as a collateral to borrow what, 30% of your money to invest it in the Altcoin without actually knowing it’s already in the dumping stage and then you throw all that money into it and  everything goes all bazaar and comes crashing down on your face and you loose your 30% leaving you with little or nothing and then coincidentally BTC takes a left turn due to one reason or the other and the price starts dropping and then the exchange takes back the 30%. What exactly are you gonna be left with?

I do believe it’s an amazing strategy but I also think it’s a 50/50 thing, it’s not a 100% sure it’s gonna go as planned, something could go wrong along the way which could amount to a loss. I just think whatever investment strategy you choose to employ, you should weigh the risks  as well as the success possibilities

Amongst all the cryptocurrencies today, bitcoin is the only coin that has the higher tendency of recovering back its normal price after a period of volatility which is expected at the time of bull run. This does not give a guarantee that there is still a maximum return on investment when you buy bitcoin but the risk will be minimal when you buy and hold bitcoin for the bull run.

Altcoins are known to always shoot up at the time of bull run, so people will like to take advantage of that not knowing that they are actually taking a big risk in their investment. Altcoins have little or no confidence to bounce back after experiencing a volatile market. Most of them leave the market if they cannot cope with the market. It is not an ideal investment but can be taken by measuring the level of risk you’re intending to undertake with investing in them.

You are actually right especially the quote "never put all your eggs in one basket" which I apply to myself. But if we're talking about investment such as Bitcoin and Altcoin, it would be the best to invest at coins that are really have the potential to reach x10 in the next years like Bitcoin. Cause I think putting some eggs in altcoins could be consider as quick-flip due to it's value it's too random so it wouldn't be a good idea to invest at it with a long term idea. I have loss some funds and profit as well in altcoins like the meme coins due to FOMO. Researching at some projects is actually good, cause having an alternative investment is still a good idea in case one's failed. You won't loss funds if you're planning to hodl it for long. But some coins couldn't even last years and could reach below $1.

OP, your post is extremely optimistic  . It just doesn't catch the possible downsides of crypto investing in which the inverse can happen. However to answer your thread - I'd personally go with bitcoin if I was a noobie which I am.  Being burnt on buying anything outside of the top 20 coins has been historically painful

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, 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.

The fact that Bitcoin gives everyone the guarantee that it is the best investment option in cryptocurrency doesn't mean it would give you handsome returns in the upcoming bull market. I think if you invest in the new-age blockchain projects or the ones improving the existent blockchain the returns on your investment would be good. For example, projects like Matic, DOT, Solana, and others are very cheap at the moment. During Bull Run, you can easily expect them to generate a 2x or even 5x return.

Another good investment if you can take a risk is shitcoins. There are many in the market, but some are being constantly promoted by a billionaire. If you invest in them, you might gain up to 10x return on your investment. IMO you should have everything in your portfolio for you to gain good profit in the next bull market.