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Topic: Stop chasing the "next" bitcoin - page 3. (Read 1407 times)

full member
Activity: 504
Merit: 127
Match365> be a part of 150BTC inviting bonus
May 19, 2019, 08:37:22 AM
This is why I put all of my investments on bitcoin(MOST OF THEM Wink). I believe in bitcoin and mostly only at top 10 of altcoins. Probably 70% of my investments was on bitcoin and 30% for my favorite alts.
hero member
Activity: 2842
Merit: 772
May 19, 2019, 08:25:57 AM
Just think about this, bitcoin is the top performing asset this 2019, even outpacing oil and stocksl. So if that is not enough proof for others to invest in bitcoin and stop chase the 'next' bitcoin, then I don't know what to say anymore.  Grin
member
Activity: 322
Merit: 20
Donating 10% to charity
May 19, 2019, 07:14:39 AM
As a matter of fact it's not wrong to invest in alternate cryptocurrencies infact there are many who actually proved to be worth to invest it .

I personally don't invest in any other leaving Bitcoins.

Infact it's a personal choice therefore , it depends on the user because Bitcoin is meant for long term holding in my view , also alternative cryptocurrencies provides an excellent choice for exchanging when the price is high , they make excellent trade pairs.

They have some uses too , let's not forget about it.

I mean, you are right. I want to add though that even when they have their uses not all those uses will stay because they are not really necessary even when some people see it that way.

I personally only like Bitcoin and Ethereum and the others i don't really see the appealing of them. I have a long term mindset and that is the way i'm going to always see things.
legendary
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
May 19, 2019, 06:35:12 AM
There is only one bitcoin. If you want to invest in cryptocurrencies you would be smart to look at the utility and applications of the coin you are involved with.

If people can find better alternate coin where they think that investing in that crypto will yield them better profits than they can invest in that as well because  if research done proper and future holds good then one can stay invested in such coins .

Well, that's correct, I believe major investors are not only investing in bitcoin but they also invest in altcoins.
The reason is because they also believe that altcoins has a big future, the crypto market will be getting bigger and bigger as more altcoins
will be created and even if bitcoin will remain the king or the most dominant coin in the market, altcoins still has plenty of room to grow.

I think mayor investors invest only in altcoins they really believe in with regard to the future - altcoins which are different from BTC, altcoins that have other features or possibilities. Altcoins that are innovative.

Altcoins that are that different from Bitcoin might have a future as long as they're innovative. Altcoins which are similair as BTC might have future if they have a solid history and community - which is the reason I think many new BTC-"copies" are doomed to fail.

Overall, for me it's clear that I should stay true to Bitcoin for a huge part of my total worth. A small percentage of my wallets will be in altcoins, most of it is in BTC and will always be.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
May 19, 2019, 05:46:59 AM
There is only one bitcoin. If you want to invest in cryptocurrencies you would be smart to look at the utility and applications of the coin you are involved with.

If people can find better alternate coin where they think that investing in that crypto will yield them better profits than they can invest in that as well because  if research done proper and future holds good then one can stay invested in such coins .

Well, that's correct, I believe major investors are not only investing in bitcoin but they also invest in altcoins.
The reason is because they also believe that altcoins has a big future, the crypto market will be getting bigger and bigger as more altcoins
will be created and even if bitcoin will remain the king or the most dominant coin in the market, altcoins still has plenty of room to grow.
sr. member
Activity: 1512
Merit: 316
May 19, 2019, 02:35:17 AM
There is only one bitcoin. If you want to invest in cryptocurrencies you would be smart to look at the utility and applications of the coin you are involved with.

If people can find better alternate coin where they think that investing in that crypto will yield them better profits than they can invest in that as well because  if research done proper and future holds good then one can stay invested in such coins .
hero member
Activity: 1890
Merit: 831
May 19, 2019, 02:31:40 AM
As a matter of fact it's not wrong to invest in alternate cryptocurrencies infact there are many who actually proved to be worth to invest it .

I personally don't invest in any other leaving Bitcoins.

Infact it's a personal choice therefore , it depends on the user because Bitcoin is meant for long term holding in my view , also alternative cryptocurrencies provides an excellent choice for exchanging when the price is high , they make excellent trade pairs.

They have some uses too , let's not forget about it.
newbie
Activity: 78
Merit: 0
May 19, 2019, 01:58:19 AM
Actually I agree that there is no cryptocurrency that is better than bitcoin, I think investing in tokens for the long term is risky, but not why for short-term investments. I always convert all my tokens to btc so I'm always safe. Smiley
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
May 19, 2019, 01:11:53 AM
snip-
But we have nay-sayers like in any successful project. People are there to call it bad when and where they can using whatever logic they can think of even if that logic is flawed one. Alt coiners are the one group of people who tend to call bitcoin bad but again forget who their forerunners are and whom they are piggybacking on.

Then we have no-coiners who have been fed with the capitalistic mode of economy. All these things are a part of life and we have to live with the same. Better not to waste time on them but focus on your own trading skills and how to increase your stock.

Stop promoting bitcoin named altcoins please. The original bitcoin is the OG.
newbie
Activity: 76
Merit: 0
May 17, 2019, 03:37:03 AM
Agree with you and I have to say that there won't be any other coins that can be the next bitcoin because bitcoin is bitcoin Grin
hero member
Activity: 1302
Merit: 540
May 17, 2019, 03:02:07 AM
There is a lot of propaganda going on against Bitcoin, dished out by the altcoin lovers. The most vocal argument is that at $8,000 per coin, Bitcoin is too expensive compared to the other currencies such as Litecoin ($90 per coin) and Ethereum ($250 per coin). But these propagandists try to hide the fact that Bitcoin is infinitely divisible, and anyone who want to invest in Bitcoin has the option of purchasing small amounts, such as 0.01 BTC or even 0.001 BTC. Also, rather than saying that the exchange rate is $8,000 per coin, we can say that the price is $0.00008 per Satoshi.

Reality wise, those alts supporters will do their best in order to get some share from bitcoin popularity and do things that they can to make sure that
the alts community will not be forgotten while the rally for bitcoin is already moving forward, chasing the price will continue to be the tough decision to
make while investing, you need to make a good stand in case your investment is not moving favorable for you.
newbie
Activity: 81
Merit: 0
May 17, 2019, 01:01:32 AM
They can judge anything about the next bitcoin, there is no other coin that can be the next bitcoin because Bitcoin is Bitcoin Grin, and make sure that after you invest in coins, make sure it's tried and trusted like Bitcoin.  Smiley
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
May 17, 2019, 12:23:36 AM
There is a lot of propaganda going on against Bitcoin, dished out by the altcoin lovers. The most vocal argument is that at $8,000 per coin, Bitcoin is too expensive compared to the other currencies such as Litecoin ($90 per coin) and Ethereum ($250 per coin). But these propagandists try to hide the fact that Bitcoin is infinitely divisible, and anyone who want to invest in Bitcoin has the option of purchasing small amounts, such as 0.01 BTC or even 0.001 BTC. Also, rather than saying that the exchange rate is $8,000 per coin, we can say that the price is $0.00008 per Satoshi.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
May 16, 2019, 10:47:32 PM
I think that the fantasy of people looking for a class of underdog cryptocurrency who made them rich is no more than that a "fantasy" and like you said the best way to avoid get rekt is investing in BTC.
You are right about the fantasy part. Its what every broke newbie trader wants to get in their trial of trading. They dont want to be a professional in trading but just try their hand. So they seek out some guru and they tell the wannabe some cheap shitcoins to buy when the so called advisor dumps their load of shitcoins on the market or even better does an OTC deal with this poor guy.

They tell them that the coin will be huge in future, exactly what that person was willing to hear and so they fall for this trap very easily.
sr. member
Activity: 910
Merit: 252
May 15, 2019, 03:18:59 AM


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.
You said it the word even lots of my good crypto currency friends told me to bag half of my holding with bitcoin were i didnt do in last bearish market . I had hope in some of major alt coins like Ehtereum , NEO , XEM, EOS, ADA . But now i realise that i could have convert some of that into bitcoin would be safer.
hero member
Activity: 1246
Merit: 588
May 14, 2019, 11:04:03 PM
Well, I still do prefer bitcoin than a sh*tcoin, It's the ignorance that killing the people , that is how life goes tho there are a lot of people who would love to take risks not even thinking where would that take them and mostly it's the poor people (hopping that their luck will come but more likely ended up swimming on  mud)

Yet still this can be a common sense if you do not want to chase the "next" bitcoin then better yet stay away from the other "next" sh*tcoins as well.
member
Activity: 1021
Merit: 12
May 14, 2019, 10:58:55 PM
Right, some people feel that is an advantage if it can chase bitcoins, such as forks, etc. And maybe this is very danger, when you have to sell her then you will suffer a big loss.
full member
Activity: 322
Merit: 101
May 14, 2019, 10:48:15 PM
most of them aren't really at fault. they are just poor newcomers who entered a big market and were suddenly bombarded by a huge wave of advertisement which were promising them riches beyond their wildest dreams so they ended up buying a ton of useless tokens which have been continuously losing value

That's right, therefore the newcomers must learn about crypto to those who are experienced. Most of them are reluctant to learn, they are only tempted by the lure of "get rich quickly" but it is only a dream without experience. Especially after yesterday's 2018, a lot of ushered in useless shitcoin.

Many people got victim of scam ico in 2018, due to which people have got scam and lost trust in ICO. We should remember that we should not invest too much on new coins and our portfolio should be 80% of Bitcoin /  top 20 cmc altcoins.
full member
Activity: 1177
Merit: 102
May 13, 2019, 11:12:28 PM
Ahh I think it should not be dependent on investing in other people indexes. Unfortunately, I'm forced to say that you must be expert for investment. If you want you can target Bitcoin more for investment. But to make all the information dependent, you must learn a lot.
sr. member
Activity: 652
Merit: 257
May 13, 2019, 07:30:28 PM
There is only one bitcoin. If you want to invest in cryptocurrencies you would be smart to look at the utility and applications of the coin you are involved with.
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