Topic: Small Investors are losing Bitcoin by Investing in Altcoins? - page 3. (Read 902 times)
I don't think if you invest in good altcoin you would lose much compare to bitcoin. Assuming you invest into a good altcoin with about $100 at the price of 0.08 per token. The token been given to you is about 10,000. Let's just be hopeful that bitcoin halving skyrocketed bitcoin way more than $50k. Do you think the good altcoin you invested in would still remain that 0.08 per token? Won't the price of the altcoin skyrocket to about $2?
I agree with your opinion. Look at the price history of cryptocurencies from 2018 to now, BTC just lost a half of value. If you by 1 BTC at 19000 USD/BTC in 2018, now your asset is only half left. But in this time, you buy altcoin, you can lose 70-80%.
BTC is the most safety in currency if you invest, for me
BTC is the most safety in currency if you invest, for me
It is a common fact that most of the altcoins are effected by Bitcoin directly. Bitcoin is the most popular cryptocurrency all over the world and it has a huge demand. That is why when the price of bitcoin drops down then all the altcoin lost their sathosi and when bitcoin moves high then altcoin can not move with bitcoin price. Because of that, the investor of altcoins lost their bitcoin.
Your topic is right when it comes to investing.I have a lot of personal experience.In this way I myself have faced many losses.Besides, the big problem is.
That is when the price of Bitcoin goes up.The price of alter coins then dropped.It is very similar to the threat of loss.
You were right mate,same as mine I used to be a small investor before but my money have been gone because I always thought that if bitcoins value rises up altcoins will follow and it is very wrong concept.That is why I have stopped doing it.That is when the price of Bitcoin goes up.The price of alter coins then dropped.It is very similar to the threat of loss.
The decision to invest in bitcoin or altcoin is an absolute decision for investors. Everyone must have a different view, can not be forced. Profit and loss is only the person concerned who understands the details.
Bitcoin and altcoin have their own advantages, both of which have different trends, what we need to understand is knowing when is the right moment to invest with bitcoin and altcoin.
Most of the time, the traders who relied with other's opinions and keep following those so called experts losses their investment. The very use of your own DYOR is very important as placing your position is really important, timing and understanding how the flow will bring you good chances in choosing the right project to invest your money.Bitcoin and altcoin have their own advantages, both of which have different trends, what we need to understand is knowing when is the right moment to invest with bitcoin and altcoin.
This is what I feel right now, I just regretted when I was ignored to buy bitcoin because I fell bitcoin price was already high. If I'm not mistaken at that time bitcoin's price has risen to $8700 before halving even happened so as I find another coin and I choose ETH as an alternative.
But I was wrong, I mean I made a wrong decision to buy ethereum. Because if I force myself to buy bitcoin at $8700 I can still have a profit if I sold them at $10.000, I didn't do that honestly. But now I am loosing money, I bought ETH when its price $215 and hold them until now. As you may know ETH price has declined and now its price only $190.
But I was wrong, I mean I made a wrong decision to buy ethereum. Because if I force myself to buy bitcoin at $8700 I can still have a profit if I sold them at $10.000, I didn't do that honestly. But now I am loosing money, I bought ETH when its price $215 and hold them until now. As you may know ETH price has declined and now its price only $190.
Your topic is right when it comes to investing.I have a lot of personal experience.In this way I myself have faced many losses.Besides, the big problem is.
That is when the price of Bitcoin goes up.The price of alter coins then dropped.It is very similar to the threat of loss.
You were right mate,same as mine I used to be a small investor before but my money have been gone because I always thought that if bitcoins value rises up altcoins will follow and it is very wrong concept.That is why I have stopped doing it. That is when the price of Bitcoin goes up.The price of alter coins then dropped.It is very similar to the threat of loss.
Your topic is right when it comes to investing.I have a lot of personal experience.In this way I myself have faced many losses.Besides, the big problem is.
That is when the price of Bitcoin goes up.The price of alter coins then dropped.It is very similar to the threat of loss.
That is when the price of Bitcoin goes up.The price of alter coins then dropped.It is very similar to the threat of loss.
-snip-We understand the risk here, but there is an opportunity to fill the bag because there is a big discount on alt, if alt season comes then it will be very profitable. All of this is only a prediction, so we have to really do the analysis.
There are indeed many opportunities to fill bags with some cheap Altcoin. But choosing Altcoin should not be arbitrary, it must choose Altcoin which is really developed and the developer is always active to update the technology that is owned. Analysis is really very necessary to choose the best. Without doing the analysis it will be very risky, because a lot of Altcoin is abandoned and not developed anymore. 
You can buy 8000 tokens in 1 USD when price of bitcoin is 8000 USD but if bitcoin price will rise to 16000 USD then you can buy 16000 tokens in same price. Now all token price does not move according to BTC price,it will drop 20-30% without any sign of drop, but when you will compare with bitcoin you will find that you are in loss.
I don't think this is a fair calculation. Bitcoin and altcoin have different price changes. If we always compare like that, then we will not take advantage of the opportunity. Doesn't bitcoin and altcoin have their advantages? they also move according to their own ways. We also have to understand the trends, currently, the dominance of bitcoin is very large. It is true that the increase in BTC is not always followed by an increase in alt, on the contrary, if the BTC goes down then the alt goes down. We understand the risk here, but there is an opportunity to fill the bag because there is a big discount on alt, if alt season comes then it will be very profitable. All of this is only a prediction, so we have to really do the analysis.
Investing in altcoins is considered fairly risky in 2020.
Most of the popular ICO/ITOs in 2017 and 2018 (at the peak of all the hype) have almost been dissolved with investors losing almost everything.
I personally invested in this company called JET8 Foundation (issued J8T tokens) where the project team cashed out the capital funds and left the token to die. If you check coinmarketcap and other exchanges it is listed on, the ROI states -98.7%.
That's the investment change to date.
Thus far only the super popular and hyped-up projects like DIGIX, TRON, XRP, EOS, etc that are considered doing well.
Thread carefully when investing in altcoins. Don't believe all the hype that is created by others unless it is by a trustworthy team with sound tokenomics.
Most of the popular ICO/ITOs in 2017 and 2018 (at the peak of all the hype) have almost been dissolved with investors losing almost everything.
I personally invested in this company called JET8 Foundation (issued J8T tokens) where the project team cashed out the capital funds and left the token to die. If you check coinmarketcap and other exchanges it is listed on, the ROI states -98.7%.
That's the investment change to date.
Thus far only the super popular and hyped-up projects like DIGIX, TRON, XRP, EOS, etc that are considered doing well.
Thread carefully when investing in altcoins. Don't believe all the hype that is created by others unless it is by a trustworthy team with sound tokenomics.
I have been in crypto for some years now, mostly hodling since short trading is risky, and if i have had all my investment on bitcoin instead of a wide portafolio, i would be in a better position right now, because if you intented to have it in a long term, nothing has been better than btc. Also a few times i ignored the signals (like with LTC) and didnt sell at ATH, some altcoins can grow incredible fast in a shorter period of time compared with BTC but they do not tend to stay there.
Read this post and its true how small investor are losing bitcoin by investing in other coins.
https://cryptomaa.com/btc/how-small-investors-are-losing-bitcoin-by-investing-in-altcoins/
https://cryptomaa.com/btc/how-small-investors-are-losing-bitcoin-by-investing-in-altcoins/
It is quite a known fact that bitcoin gives more of a huge return in cryptocurrency investments and trading, however, just like you said, lots of newbies do think bitcoin is more of complicated than most altcoin and let's not forget the fact that altcoins are more subjective to pump and dump action and coin like that do give a huge return too
~
Most of the time, the traders who relied with other's opinions and keep following those so called experts losses their investment. The very use of your own DYOR is very important as placing your position is really important, timing and understanding how the flow will bring you good chances in choosing the right project to invest your money.
This is one of the fatal mistakes. In investing and trading, we must have confidence and strong analysis. At least we have anticipatory steps when market movements do not match predictions. Don't force yourself when you don't understand something about an ecosystem, it will increase the risk. Unfortunately, many do not pay attention to this and become greedy to immediately benefit, so look for shortcuts by following the opinions of others.Most of the time, the traders who relied with other's opinions and keep following those so called experts losses their investment. The very use of your own DYOR is very important as placing your position is really important, timing and understanding how the flow will bring you good chances in choosing the right project to invest your money.
Bitcoin and altcoin are equally profitable. Smart and calculating investors will certainly consider well what to invest. As long as there are opportunities, both of them can be used.
Some altcoins are meant to be a short term investment because there are no guarantee how much they may last and some projects just losses interest and demand so in the end that altcoin is unable to continue due to the competitive market and some altcoins only has repetitive features compared to BTC.
I'm have invested a few bucks on different coins already and I have joined different bounty campaigns and received tokens that have value fortunately.
Base on my experience, most of the time altcoins tend to lose their value in mid to long term especially when it is a new token but when altcoin season comes they will go up more than Bitcoin and some of them even double or triple its price. Overall, it will depend on how long you can hold your coin and what coin are you are holding because if you are holding coins like ETH or LTC or XRP then you aren't losing. I also think that one reason why investors tend to lose some BTC when they invest in altcoins is the fact that most of the altcoin's price are based on BTC's price.
Base on my experience, most of the time altcoins tend to lose their value in mid to long term especially when it is a new token but when altcoin season comes they will go up more than Bitcoin and some of them even double or triple its price. Overall, it will depend on how long you can hold your coin and what coin are you are holding because if you are holding coins like ETH or LTC or XRP then you aren't losing. I also think that one reason why investors tend to lose some BTC when they invest in altcoins is the fact that most of the altcoin's price are based on BTC's price.
I would not be so categorical about altcoins. Many of them brought a few to their first investors, and some tens of X profit relative to what was invested in them and this is in Bitcoins. But in the altcoin market, you need a very serious coin analysis.
This is exactly what happens. And many do not understand this by spreading their investments on useless assets.
Profit in altcoin is only possible in short-run, for the long run Bitcoin is the only right asset to invest.
Many investors don't research to find the coin, but they only follow what other people suggest in social media. That makes them lose their bitcoin by investing in altcoin, and that make them hold the altcoin for a long time or cut loss the altcoin right away when the price is down. Maybe the altcoin is for the short term investing, and bitcoin will be the long term investing. But still, they need to search for the coin to invest in an altcoin.
Some altcoins rise more than bitcoin, but most rise less.
In general, the lower you go down the market cap list on CMC, the more risk there is in buying the coin.
Some alts can get you 1000% returns in a matter of days, Bitcoin won't do that.
But Bitcoin has a solid use case, and is the best bet for increasing your money. Some alts, thinking of ETH in particular, have a rock-solid use case, great development etc, but many do not. There are a lot of low cap alts out there where investing is little more than gambling.
In general, the lower you go down the market cap list on CMC, the more risk there is in buying the coin.
Some alts can get you 1000% returns in a matter of days, Bitcoin won't do that.
But Bitcoin has a solid use case, and is the best bet for increasing your money. Some alts, thinking of ETH in particular, have a rock-solid use case, great development etc, but many do not. There are a lot of low cap alts out there where investing is little more than gambling.
Jump to: