Topic: Stop chasing the "next" bitcoin - page 5. (Read 1407 times)
I think every year is always the same, choose crypto quality, buy when it's cheap don't sell when prices don't match, sell when it's expensive, This causes when a demand makes a significant price increase like now, especially because bitcoin will soon enter the next period of supply reduction or halving day. For this reason, investors seem to need to determine the investment strategy in this virtual currency.
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.
There is only one Bitcoin and there will be no next. Yes it is not bad to invest on some altcoins but thhe majority of investment should be in bitcoin. We all know that altcoin fluctuations mostly ride wih bitcoin.
Obviously there is only one Bitcoin.
Any forks and other cryptocurrencies saying that they are Bitcoin is just an altcoin and not Bitcoin. It is not bad to invest on other cryptos as long as the majority of it is on Bitcoin since you will really regret it if you will not be investing on Bitcoin quickly.
Its really tempting of course, most of the people are happy with greens and just lose their mind when the market is bearing or bulling, greed corrupts and influences market actions greatly and if you want to be winner in crypto. Give yourself some time to actually understand whats really going with the market and take actions based on your knowledge, people are anticipating a great recovery but it doesnt make sense in such a short timeframe
Hahaha chasing the next bitcoin is what got me Rekt in my first investments in cryptocurrencies. Now I believe even before the next bitcoin can have a chance to make me profit on investment. Bitcoin would have made me enough already. My new portfolio is 70% bitcoin at any point in time now because nothing compares to Bitcoin
The reason people go after such statements is the pump that made bitcoin's price what it is and so called "brand name" associated with bitcoin. No other coin out there can beat it and believe it or not people who are making shitcoins are actually envious of that. They want their own coin to be the next bitcoin and so they keep on saying this to everyone they meet, whether it be social media or it is real life.These guys will make you buy their shitcoins and dump on your face when the pump happens so you are the one who is going to at a loss. Complete waste of time and money.
Bitcoin will still be the most important, and it is very unlikely that bitcoin will be replaced by other coins, personally I trust Bitcoin more than others.
Once a newbie enters in this vast market is that one thing that is good for them they automatically switch to it without knowing the full details about the project unless they do have their own advisor. Bitcoin is the future and no one else that's why i accumulate more Bitcoin than altcoins in my portfolio.
Definitely, there wouldn't be a second btc but that does not mean no coin can be ery successful. For me, I would always want to give good projects the benefits of the doubt. We have seen some growing very well and many getting millions of dollars from them. However, to expect that any new coin will be moure success or even as successful as btc is an erroneous
Hahaha chasing the next bitcoin is what got me Rekt in my first investments in cryptocurrencies. Now I believe even before the next bitcoin can have a chance to make me profit on investment. Bitcoin would have made me enough already. My new portfolio is 70% bitcoin at any point in time now because nothing compares to Bitcoin
This is some kind of greed that drives people. Some people saw how BTC grew from almost nothing to $5.5k and they want to believe that with a help of this breakthrough technology he will become rich with their $1 of their pocket money investments. But it is pretty obvious that BTC won't make a fast x100+ so they are searching for something, that would become a new super global currency that is still able to bring them huge profits.
Well, I agree that greed could work that way; however, I think, one other factor is the reality that these people just don't have enough knowledge to see which coins have a good and better chance of making it big as opposed to those that seem good at the moment, but in the end, would just drown in the competition that is very tight in the cryptocurrency market. Also, I think that as more and more coins are emerging, it has been becoming difficult to evaluate which ones are okay from the one that are not, the reality of the matter is, every coins has a chance, whether the factors will converge to help it grow is what remains to be seen, thus making it difficult to judge.
The OP may be right about his opinion, but the topic is highly arguable. Even with the worst market condition, some still managed to get hefty profits investing in altcoins. You can't really ask someone to stop doing something that fills up their bags. I think the OP just wants to emphasize how risky it is to invest in other coins other than bitcoin. But for me, a diversified portfolio is always better than only having bitcoin. Risk is always a factor when investing, we need to accept that, and mitigating it should be our top priority.
I totally agree that 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, like for example FuturoCoin as somebody said here before. I recommend trading alcoins which are still developing.
I totally agree. Bitcoin will live for a very long time. And no wonder he is called the father of all coins. Therefore, it is just necessary to transfer the main part of tokens to Bitcoin
Bitcoin will remain the top coins, there will be no “the next bitcoin” because investors will not allow that. I don’t know why there’s a project still insisting that they are the next bitcoin, they are just hyping their coin which is not good for the investors.
In fact, the market is full of failed projects that in their moments promised to be "the next bitcoin", "the bitcoin killer", "the future of the crypto market", etc., etc.
And it is also for this reason that there are so many apprentices of traders with great losses along the way, because they did not learn that bitcoin is the undeniable king and they looked for a substitute when its power and dominion is still manifest.
And it is also for this reason that there are so many apprentices of traders with great losses along the way, because they did not learn that bitcoin is the undeniable king and they looked for a substitute when its power and dominion is still manifest.
People are investing to these new crypto hoping that it would turn like Bitcoin or be the next Bitcoin.
I agree that we have to stop chasing the next Bitcoin because the more we invested the more we lose .
We have to wake up and stop aiming for the next Bitcoin we already have the original why wouldn't we be contented by it?
I agree that we have to stop chasing the next Bitcoin because the more we invested the more we lose .
We have to wake up and stop aiming for the next Bitcoin we already have the original why wouldn't we be contented by it?
Yes this is right. We should always have bitcoin in our wallets and do not forget it. Some people are just hoping for the next bitcoin cause they wanted to invest in it in a cheap value. We should focus on what we have right now and that is bitcoin we should always support it.
It is very difficult to chase another "Bitcoin" or believe one that competes, because the reason is very clear, there will always be speculation in the market, and this is made up of many investors, which, despite the bitcoin does not have support or sustenance as Stock Market shares, bitcoin has its Blockchain technology.
There are many Altcoins that have tried to have the same Bitcoin story, but have not had any success, in fact they have gotten that they are not listed in some Exchanges, since 2009, Bitcoin came out, has gone through the main ones stages of the speculative market, have been fulfilled as in the Stock Market, with the difference that the Bitcoin market is much more volatile, but can hardly pursue another titan like Bitcoin.
There are many Altcoins that have tried to have the same Bitcoin story, but have not had any success, in fact they have gotten that they are not listed in some Exchanges, since 2009, Bitcoin came out, has gone through the main ones stages of the speculative market, have been fulfilled as in the Stock Market, with the difference that the Bitcoin market is much more volatile, but can hardly pursue another titan like Bitcoin.
I agree, but it is difficult to change opinion among people when BTC became so friendly, popular and profitable. They will be constantly looking for some similar cost-effective crypto, there are plenty of others coins which are good too but users will compare them to BTC anyways...
There will be other coins which might be attractive but you cannot compare it to bitcoin, the main reason why people are looking for new coins to invest when the price is low and to make a fortune when the price moves higher, those days are over and the good coins are already in the market with specific functions and the chances to make a fortune is not possible at this time.
Don't see the access of a Bitcoiner to start chasing another Next Bitcoin, but there is one; most important thing in the world of cryptocurrency that shade an investors as they invest. Diversification of portfolio doesn't necessary means that, they are chasing after next Bitcoin rather they are extra extremely careful with their investments in the world of cryptocurrency.
If you keep chasing the next Bitcoin,you will end up doing or having nothing because there will always be next Bitcoin and that's how instability will put you into confusion, zero level and regret will just be the thinking point
Bitcoin itself is really profitable even without the help of other altcoins but its better if you have both as investments. I guess people are just experimenting and take chances if they put all of their money in altcoins. Thats what trading is all about anyway.
We all are in experimenting for something to know which areas will be more profitable and to look for altcoins is our other options to think.We don't need to look for another bitcoin cause we have found it already, in fact, we've been together for many years. It is better to chase for potential altcoins rather than have another Bitcoin.
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