Topic: Stop chasing the "next" bitcoin - page 2. (Read 1407 times)
There are good projects out there and there are promising ones but at the end of the day, we still end up looking at the price of Bitcoin. Nothing wrong with spreading your investment with other coins but invest heavily in Bitcoin. I say 60% or 70% to Bitcoin and 30% goes to alts or other tokens.
Lol, this is so true. I urge everyone to really put the majority of your investments on bitcoin to avoid getting REKT in the future. Well, you can still invest on some altcoin but at least the your portfolio should be like more than half on bitcoin, just saying.
This is quite true because we already knew that a lot of founders who have made another cryptocurrency brands their platform that it will be the next Bitcoin. We cannot blame the founders if this is what they want and due to uncontrollable instances, their plans wont just fit in the right way. Bitcoin is bitcoin and other Alternate Cryptocurrencies are there because of Bitcoin. What we can do is invest on different Alternate Cryptocurrencies that also has values but do not invest all of your money in a single Crypto.
The OP is absolutely correct. There was a time when we regarded Ethereum as Bitcoin 2.0. But a few years later, we understand that it is not the technology, but the brand name which matters. Ethereum is more advanced than Bitcoin, as far as the technology is considered. But then, it is not the original cryptocurrency that was invented by Satoshi Nakamoto.
How is Ethereum more advanced than bitcoin, no one saw ETH as the bitcoin 2.0, the people who have no idea what it is might have had that idea and the price of bitcoin is not about the brand value it is more of speculative platform and an investment platform right now and once the scaling issues are sorted and the lightning network are well established then we will see the real value of bitcoin as a global transaction platform. The OP is absolutely correct. There was a time when we regarded Ethereum as Bitcoin 2.0. But a few years later, we understand that it is not the technology, but the brand name which matters. Ethereum is more advanced than Bitcoin, as far as the technology is considered. But then, it is not the original cryptocurrency that was invented by Satoshi Nakamoto.
Therefore, most people prefer to work with Bitcoins, although they do not refuse from holding alts. As I have noticed, successful traders and good investors have 70-60% of BTC, and the rest is reliable altcoins.
When you are here long enough you will realized that is true, that is no need to look for another number 1 coin
But altcoins have their value, it can co-exist with BTC
Only in altcoins you can make 100x your investment and it's not to hard
There is great altcoins, it's not necessary to say that to you guys
And most important, BTC can incorporate new technologys of suceed altcoins, in a safe way, because it's already tested
But altcoins have their value, it can co-exist with BTC
Only in altcoins you can make 100x your investment and it's not to hard
There is great altcoins, it's not necessary to say that to you guys
And most important, BTC can incorporate new technologys of suceed altcoins, in a safe way, because it's already tested
Lol, this is so true. I urge everyone to really put the majority of your investments on bitcoin to avoid getting REKT in the future. Well, you can still invest on some altcoin but at least the your portfolio should be like more than half on bitcoin, just saying.
True, since we already saw what Bitcoin has been through in the market and it's the only coin which is very reliable in terms of growth.
The OP is absolutely correct. There was a time when we regarded Ethereum as Bitcoin 2.0. But a few years later, we understand that it is not the technology, but the brand name which matters. Ethereum is more advanced than Bitcoin, as far as the technology is considered. But then, it is not the original cryptocurrency that was invented by Satoshi Nakamoto.
It's true that there is unlikely to be any other coin that will overtake BTC in terms of price and also how well-known it is, but there are plenty of good/leading altcoins in the market that are performing well. As a trader it may be wise not to put all your eggs in a basket - diversifying your portfolio is still important and it would not hurt to follow top altcoins in the market as well. This week as Bitcoin grew to $8,900, we also saw coins like BSV and BNB performing well against BTC - good to do proper research and invest in other coins as well. On the other hand, while smaller coins may not reach the level of BTC, it's also important to look at the project behind those coins and how they're being incorporated into a bigger ecosystem of processes/frameworks e.g. in data processing, payment processes, or industries such as retail, banking and even real estate. While the prices of these coins may never reach the level of BTC's, the potential for the usage/mass adoption of smaller coins is also something to look at.
Because blockchain and cryptocurrency is a young technology, people are constantly looking for the next big thing in the market, some people are lucky to find one or two coins with good potential, but many people are victims of a scam because there are so many scammers are now victimizing cryptocurrency investors.
Even one or two coins dont make a difference. Thousands of coins on coinmarketcap are just copy-cats from bitcoin trying to make themselves look big by using something new and claiming itself to be the second to bitcoin, while such things dont actually exist. What the world needs is bitcoin and bitcoin only, nothing else is needed. But there are trader who like to speculate on altcoins prices because they are pretty vibrant market and easy to lose money in.You are absolutely correct, as bitcoin and crypto markets generally increasing again, new players are joining in and looking for information.
New players coming in is a good thing. But let them enter altcoins and that new money will never be coming into bitcoin again. 
Stop chasing other cryptocurrency to be the next bitcoin. They never become bitcoin since btc is the most valuable cryptocurrency in the world and no one can compete with bitcoin even bitcoin cash whom said that they have capabilities to surpass bitcoin cannot surpass until now. Maybe, they can overtake bitcoin when it goes move down severely.
there are a lot of space for growth in cryptocurrency and consider that to be more benefiting for trailblazing projects with outstanding idea that can attract fiat and cryptocurrency exchange. Interestingly, experience in this space can give better idea of the neglected demands in the space. I will consider most top 100 coin on CMC that were consistent throughout the bear market to have enjoyed this.
The coins that you are invest in should be chosen according to the degree of risk you can accept. If you cannot accept risks, put all your money in top1 or top-3 coins, and even if they start to drop, you will have a plenty of time to get out. If you can afford some risk, add top-50 and to-100 coin, and if you're willing to take maximum risks, add any coin that you believe has a great potential, team, and technology, and bring benefits to people. There's always a big chance you get rekt with altcoins, but do you remember December 2017? There were massive gains, x5-x100, and the luckiest holders were gilded.
Yes I agree with you. We need to stop chasing the next bitcoin but I think this ascertainment is quite obvious. Experienced traders or even newbies know that it's actually impossible that any of altcoins will be as impactful as bitcoin. Maybe in the really distant future, but not now. Equally, it doesn't mean that altcoins are nonsense. There are a lot of valuable ones. I recommend trading alcoins which are still developing.
I agree with you. If you Chase for the next then there is also a chance of being fall down of price. Crypto world is changing in every minute, even in every second. So, from my point of view, if you had the chance to take out your money then you should. Even you can take out and invest in other crypto currency.
Because blockchain and cryptocurrency is a young technology, people are constantly looking for the next big thing in the market, some people are lucky to find one or two coins with good potential, but many people are victims of a scam because there are so many scammers are now victimizing cryptocurrency investors.
You are absolutely correct, as bitcoin and crypto markets generally increasing again, new players are joining in and looking for information.
Because blockchain and cryptocurrency is a young technology, people are constantly looking for the next big thing in the market, some people are lucky to find one or two coins with good potential, but many people are victims of a scam because there are so many scammers are now victimizing cryptocurrency investors.
i am hundred percent agreed with this, most of the people are gambling to make some alts on their porfolio because they are still believing that it can give a huge profit but the key is on bitcoin itself just have patience.
The situation with the bear market made people realize one mistake that they had been overlooking even if they knew it was wrong. They moved their view from bitcoin to different alts and now ICO holders are suffering because many ICOs are forcing investors to accept a KYC being done - thats literally a scam and investors are being forced because otherwise they lose ownership of their own coins which they bought at their own expense. This is why there is a need of regulation in the ICO market or people should just stop investing in those schemes. Most are just pump and dumps for short periods and dont ever end up doing anything fruitful.
i am hundred percent agreed with this, most of the people are gambling to make some alts on their porfolio because they are still believing that it can give a huge profit but the key is on bitcoin itself just have patience.
The situation with the bear market made people realize one mistake that they had been overlooking even if they knew it was wrong. They moved their view from bitcoin to different alts and now ICO holders are suffering because many ICOs are forcing investors to accept a KYC being done - thats literally a scam and investors are being forced because otherwise they lose ownership of their own coins which they bought at their own expense. This is why there is a need of regulation in the ICO market or people should just stop investing in those schemes. Most are just pump and dumps for short periods and dont ever end up doing anything fruitful.
Will people stop chasing the next bitcoins as ICOs keep promising of providing the new bitcoin to johny just come into crypto investors? Almost all crypto projects are prototype on previous coins so reinventing the wheel is the norm now and people still believe there is going to be a new bitcoin for them to turn billionaires overnight.
i am hundred percent agreed with this, most of the people are gambling to make some alts on their porfolio because they are still believing that it can give a huge profit but the key is on bitcoin itself just have patience.
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