Too scared to go for altcoins? | Bitcointalksearch.org

key4co.in

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Quote from: Balladtony77 on February 12, 2020, 01:42:57 AM

Here is my own investment advice but not to be taken very seriously because anything can happen in crypto space...

1. Bitcoin Gold
2. Bitcoin Diamond
3. Bitcoin Cash
4. Lightening Bitcoin
5. Bitcoin Private

I seriously can't hold any other bitcoin fork aside BCH, even though currently I'm not holding it for long term. I observed you mentioned mostly Bitcoin forks, the fact that a coin is forked from BTC doesn't mean it must be a long term project. Aside ETH which occupies a bulk of my portfolio, I'm holding LINK and a few other alts i consider gems.

cryptoknightt

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for now it is better to buy bitcoin because in a few days there will be halving btc, so people will focus on btc.
but in my opinion if btc goes up then alt will also go up, so you should buy alt too but it applies to well-known ones like the top 50 cmc only.
or it might affect many altcoins.

Davian144

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Quote from: pakhitheboss on May 07, 2020, 08:23:23 AM

Altcoins depend on Bitcoin for their Fiat value it has been proven many times. There are some which are basically Bitcoin forks but half of them have already died and only few are left. Hence it is foolish to compare Bitcoin with Bitcoin fork coins or altcoins.

If you want to know how many coins were forked from Bitcoin just google this keyword "Bitcoin forked coins" and you will get the list.

Thank you for giving keywords to search on Google for "Bitcoin forked coins", but I don't think someone would look stupid if they started comparing Bitcoin with fork coins, because the comparison is also done to look for more knowledge in the field of Bitcoin and what the other.

miningguru

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Quote from: Script3d on May 07, 2020, 06:41:41 AM

Quote from: TopT3ns on May 07, 2020, 06:20:12 AM

Quote from: nreal on May 07, 2020, 05:03:56 AM

I never care about these coins, I have no sympathy for them. They succeeded in the past thanks to the glory of bitcoin, they rely on the name "bitcoin" to survive.

altcoin will always provide a very high risk, therefore trading on altcoin is just people who are brave and are ready if they are stuck at high prices, but behind it all altcoin can provide a lot of benefits because the price of altcoin which is still very cheap will provide altcoin price movements are very fast and can provide many benefits for those who can take advantage of price movements.

whereas if only trading on bitcoin the profit will be very long because the price of bitcoin that is already too expensive will make it difficult to raise the price of bitcoin.

The risk would be even higher if you invest on a altcoin with a bitcoin name on it. Huge profits doesn't come with low risk, you need to take huge risk if you want huge profits. You can still make a good amount with bitcoin if you have a huge capital.

Without risk, it is impossible to make profits, the altcoin will give good profit if we choose them wisely. Choosing the right coin when the market is in a downtrend and it will help the coin to recover the coin very quickly. Researching and choosing the right coin will help us to make a good profit.

LuciferMorningstar

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You have a point in those Bitcoin fork could have a chance in the wave of Bitcoin halving. But in terms of altcoins, those are very unimpressed with nothing new or interesting about them. I disagree with your advice that newbies too scared of altcoins to invest in those coins.

2february

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do not want to take a high risk, so I personally prefer altcoin only top like ETH, XRP, EOS & BNB. I don't think this is a bad choice.

ahyadinnn

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Quote from: zaim7413 on May 09, 2020, 04:47:27 AM

Quote from: mynadira on May 07, 2020, 04:06:10 PM

when you store assets in the form of altcoin with a very large amount then it will give you a very high risk, you should have altcoin not too much enough 1-2 types of altcoin that is very potential alone is very enough.

Yes, and this is a very good suggestion for crypto beginners or beginners who want to trade, because those who are experienced will certainly consider the risks when storing assets in any form, including in the form of USDT.

if you choose the top coin I think the level of risk will be able to be controlled rather than choosing a new coin, for that beginners are advised to buy the top coin and always follow the development of the coin they buy so as not to miss the moment of rising prices

nicecrypto

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It requires for you to know the altcoins to put your money on, there are few good alts in the market still, just don't invest in new altcoins or new projects, most of them are scams, bnb, okb, neo, link and some other few still worth investing on,
All this project have a good support from the team and have use case that can create a demand.

Ken_terrance

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I'm not scared to go for altcoin, I know the difference between top altcoins and new altcoins but things have changed since last bullrun in 2017, Bitcoin is the only coin surging since 2018 till date, only very few altcoins surge in value, it seem that altcoins can only surge higher if Bitcoin hits a new ATH

zaim7413

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Quote from: mynadira on May 07, 2020, 04:06:10 PM

when you store assets in the form of altcoin with a very large amount then it will give you a very high risk, you should have altcoin not too much enough 1-2 types of altcoin that is very potential alone is very enough.

Yes, and this is a very good suggestion for crypto beginners or beginners who want to trade, because those who are experienced will certainly consider the risks when storing assets in any form, including in the form of USDT.

Gab20

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Quote from: pikkie on May 07, 2020, 04:20:39 PM

Quote from: mynadira on May 07, 2020, 04:06:10 PM

Quote from: ?? on ??

There is no need to be scared if you are holding or looking to hold good alts, regarding your list of btc forks although i do not like them much but still if i had to pick one i would have picked bch only. Personally i like quality alts like ada, icx, neo, link, xlm etc and i think with the bull trend gaining momentum later this year alts will boom too.

when you store assets in the form of altcoin with a very large amount then it will give you a very high risk, you should have altcoin not too much enough 1-2 types of altcoin that is very potential alone is very enough.

indeed in altcoin will only provide a very high risk but you must know that from altcoin the benefits are very fast and can get a lot of profits when prices go up therefore at least take advantage of trading on altcoin as well as possible and must be patient.

It is only good for the courageous. Those who do not have the courage to invest in altcoins then to shy away from it and if they are forced or coerced to invest, they might lose due to fear.
One of the easiest, but the riskiest way of man=king profit is through altcoins. There are some of the altcoins that you can never predict their end. In fact, some of them disappear without notice.

pikkie

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Quote from: mynadira on May 07, 2020, 04:06:10 PM

Quote from: ?? on ??

There is no need to be scared if you are holding or looking to hold good alts, regarding your list of btc forks although i do not like them much but still if i had to pick one i would have picked bch only. Personally i like quality alts like ada, icx, neo, link, xlm etc and i think with the bull trend gaining momentum later this year alts will boom too.

when you store assets in the form of altcoin with a very large amount then it will give you a very high risk, you should have altcoin not too much enough 1-2 types of altcoin that is very potential alone is very enough.

indeed in altcoin will only provide a very high risk but you must know that from altcoin the benefits are very fast and can get a lot of profits when prices go up therefore at least take advantage of trading on altcoin as well as possible and must be patient.

mynadira

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Quote from: ?? on ??

There is no need to be scared if you are holding or looking to hold good alts, regarding your list of btc forks although i do not like them much but still if i had to pick one i would have picked bch only. Personally i like quality alts like ada, icx, neo, link, xlm etc and i think with the bull trend gaining momentum later this year alts will boom too.

when you store assets in the form of altcoin with a very large amount then it will give you a very high risk, you should have altcoin not too much enough 1-2 types of altcoin that is very potential alone is very enough.

bearexin

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Quote from: prof7bit on May 07, 2020, 02:41:08 AM

It's some kind of horror how Altcoins fell in relation to Bitcoin. I don’t understand what is happening, because Altcoins are also attractive for investing. But for now, I will choose Bitcoin! Cool

That is the risk you are taking when you are becoming an altcoin trader. If you purely trade on stuff that are more certain like treasure bonds you are not going to make a lot of money, you are going to get a small amount but sure amount of money, if you trade stocks you are going to make more money if you are lucky but there is risk involved so you could lose as well, even warren buffet lost money some years.

When you trade bitcoins you are going to probably make more money but there is even more risk, you could make x2 in a year or even x3 in a year but you could lose 50% of your money as well. When you go down to altcoins it is getting even riskier, you could make like x100 from it if you are super lucky, but could destroy all of your money as well. So it goes from more secure but low to more risky but more profits, all depending on how much risky you want to take.

Ifemini

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Quote from: Balladtony77 on February 12, 2020, 01:42:57 AM

Here is my own investment advice but not to be taken very seriously because anything can happen in crypto space...

I think the best altcoins you can invest on in crypto space are bitcoin forks, they are very responsive to bitcoin movement and their All Time High is very good too, one for thing is these coins have their halving coming this very year as well

1. Bitcoin Gold
2. Bitcoin Diamond
3. Bitcoin Cash
4. Lightening Bitcoin
5. Bitcoin Private

These coins have their use cases and they offer better performance compare to their king ( Bitcoin ) and their team are very active as well, looking at the past chart of Jan 2018 these coins ATH are massive, buying now means buying at extremely cheap price, they are jumpy, active , responsive to Bitcoin Movement and their Halving is happening this 2020 as well.

Please do not hesitate to do your own research and go through their whitepapers, these are no new projects, they have proven their existence already, thank you

I think you have offered fair and considerate alternatives, and it is very commendable, The truth still remains that bitcoin gold, bitcoin diamond, bitcoin cash, bitcoin private and lightening bitcoin are altcoins indirectly; the only use case i am aware of is that they are btc forks.

Cheap price is encouraging truly, but always do your own research, because when everyone buys the bottom; there are turn of events.

magnum cyber

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no need to be afraid as long as you hold the top altcoin or who have been listed in the top 10 on CMC. there you can find good investment options such as Ethereum, eos, tron, binececoin, stellar etc. less risk of loss compared to altcoin fork or altcoin which is difficult to develop.

TitanGEL

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Quote from: matchi2011 on May 07, 2020, 06:51:54 AM

Quote from: nreal on May 07, 2020, 05:03:56 AM

I never care about these coins, I have no sympathy for them. They succeeded in the past thanks to the glory of bitcoin, they rely on the name "bitcoin" to survive.

The bull run brings a lots of hypes to each Alts who rides up most of the time, Bitcoin start the rally and once investors already gained huge amount of money they will find diversion and start hyping each coins that they've seen potentials. It's tough to follow since artificial movements can be created by big bagholders to trapped newbies and those who are not paying attention with rightful information.

I do not follow recommendations especially when it comes to altcoins, there are many shitcoins around the market and we can lose huge amount of money if we are mistakenly invest in a coin that have no value and that is why the risks can be lessen if we will invest in altcoins that have good volume where we can say that entering and exiting in a trade is not hard like those shitcoins that have wide spread in bids and asks lot.

pakhitheboss

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Quote from: Davian144 on May 07, 2020, 07:50:08 AM

Quote from: nreal on May 07, 2020, 05:03:56 AM

I never care about these coins, I have no sympathy for them. They succeeded in the past thanks to the glory of bitcoin, they rely on the name "bitcoin" to survive.

It seems like you have a different judgment about this, because there are some coins that come from Bitcoin forks, so it looks like a good breed and they are basically not bad, and it's not just using the name Bitcoin.

Altcoins depend on Bitcoin for their Fiat value it has been proven many times. There are some which are basically Bitcoin forks but half of them have already died and only few are left. Hence it is foolish to compare Bitcoin with Bitcoin fork coins or altcoins.

If you want to know how many coins were forked from Bitcoin just google this keyword "Bitcoin forked coins" and you will get the list.

Davian144

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Quote from: nreal on May 07, 2020, 05:03:56 AM

I never care about these coins, I have no sympathy for them. They succeeded in the past thanks to the glory of bitcoin, they rely on the name "bitcoin" to survive.

It seems like you have a different judgment about this, because there are some coins that come from Bitcoin forks, so it looks like a good breed and they are basically not bad, and it's not just using the name Bitcoin.

bitcoin31

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I don' t like the coin who is came from the fork because if I compared the other altcoins compared to the fork coin other is more potential.

Just like ethereum it is more potential even the coin have name of the bitcoin and I think it is not scared to invest to the altcoins as long as it is potential and for sure it will rise.

Topic: Too scared to go for altcoins? (Read 945 times)