Too scared to go for altcoins? - page 2.

posi

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Quote from: shollyen on May 06, 2020, 07:09:34 PM

Quote from: leatutz on May 06, 2020, 05:41:15 PM

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

For this situation you can think that this all Bitcoin fork is good profits, when we will talking about long term there will be a problem. To earn some profits in this Halving time you can make investment in this fork coin but not for long time. Without top coin I won't suggest all of this fork coin.

Some of them are already top coins without any doubt, but I still believe that everyone should know what he/she wants. Investing in bitcoin does not mean you are going to profit from it, let alone the forks of bitcoin. Bitcoin Cash has really grown, but I do not know much about other and most times, whenever there is an upward movement in the market trend, it tends to grow at a significant are and on its own, it is quite very responsive. Yet, every investor should choose coins based on the personal perception or conviction they have about it and not what people are saying.

Investing in scam coin because they are bitcoin fork is not a good judgment of an investor because these coin creator planned was to use the fork strategy to make investors believe their coin worth investing their money.
Speaking of bitcoin cash significant grow in price, it was an act of price manipulation played by Roger right from the coin existence and as Leatutz advised i will say seize the chance of the coin now that is green and dump when the time is right.

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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.

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.

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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.

TheClownSong

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Among Bitcoin forks, I trust BCH (Bitcoin Cash) more than others because I trust investors more. In addition, not many Bitcoin Forks are listed on large exchangers and Bitcoin Cash (BCH) is a Bitcoin fork that listings on almost all exchangers

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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.

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.

iv4n

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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.

And those coins are forked, not too much glory in that! I like many alts, I gamble with many alts, have fun staking them, voting, or just keeping them for the future. There're good alts, who denies that is crazy, and many of them are doing a great job in last few years, yes the price doesn't reflect that, but rewards will come if they continue with doing things on the top level!

Quote from: @baoli on May 07, 2020, 03:53:59 AM

Most of the Fork you mentioned were developed to compete with Bitcoin. When Bitcoin cash came out the promoters talked so low of Bitcoin itself but necwe achieved their aim. Fork price could go down and not all time high again.

And that's why most of them will fail, they didn't try to offer something better, they just made a copy of bitcoin and made tons of cash in very short time! I had some profit from these forks, but that doesn't mean that I have to like them!

nreal

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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.

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

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

Quote from: Sativanaka on May 06, 2020, 07:42:00 PM

IMO those are the worst coins to invest, try to look for coins with better developers, more activity in their github... besides many other thing, like monetary policy.
Those forks are dead coins.

Agreed. These are pointless forks with no real use-case. It's all about trying to grab some money through association with the bitcoin name.
If you want a good alt, then look for one with a real use-case. Ethereum obviously being a good example.

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Quote from: Mighty_crypt on May 07, 2020, 02:21:00 AM

People don't like Bitcoin forks that much but believe there are few good ones out there, even Zcash fork 'Zclassic' is a very good altcoin that changed the life of my friend in 2017, no doubt some forks are scam but the popular ones aren't, dyor

Speaking of success in 2017, indeed, almost the average person working at crypto in 2017 experienced sudden glory, regardless of whether or not Bitcoin Forks are in use, but in 2017 Bitcoin also increased after Halving in 2016. This also you must understand.

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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

Altcoins are not bad like what others think. There might be shitcoins existing but it cant deny the fact that alts are profitable investment as well though its quite risky compared to bitcoin. If ever I have a capital to invest I will rather choose a top coins and will allocate big portion to bitcoin.

rdewilde

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No coin can ever be like the king, which is Bitcoin, therefore if it isn't Bitcoin that means we are to chose from the whole lot of altcoins out there. In my own opinion, I see these altcoins as same with others, that is, just as I have my reservations about some other types of altcoins in the same way I have my reservations on these Bitcoin forks; a good number of them are hardly heard of. Nevertheless, apart from Bitcoin my other preferred and best altcoins are Ethereum, Stellar, ADA, and BNB.

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Most of the Fork you mentioned were developed to compete with Bitcoin. When Bitcoin cash came out the promoters talked so low of Bitcoin itself but necwe achieved their aim. Fork price could go down and not all time high again.

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Quote from: ancafe on May 06, 2020, 10:40:00 PM

Quote from: xSkylarx on May 06, 2020, 07:33:54 PM

I honestly haven't invested in any fork coins yet and I consider the as an altcoin not as a part of Bitcoin itself since they are derived from the idea and concept of BTC itself. In terms of speed and transaction fee I believe someone already said it XRP would be the most ideal.

seeing that prices sometimes go up so high, it makes me interested to invest too. however, to be honest I also did not invest in coins from the fork bitcoin. however, so far I have only focused on ethereum. sometimes I see that the price increase that occurs in the forks of bitcoin is very high, but the price increase does not last long.

These are just big pumps made by those who control this market, the price will quickly go up but it will quickly collapse soon after. If you invest only for profit, you can track and invest in it, but for long-term investment, I believe you should choose Bitcoin and ETH.

DarkDays

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If you're buying cryptocurrencies based on the fact that they're undergoing a forced scarcity boosting event, then you will soon realize what a pleb you are.

Just because something gets rarer, doesn't mean people will suddenly want it, or that it has any utility.

Bitcoin Diamond and Bitcoin Private.... Really? These cryptocurrencies are barely used by anybody now, and I can't imagine that will somehow change when they become twice as hard to get.

In general, I'd stay away from any cryptocurrency that aims to artificially reduce its circulating supply. These cheap tricks don't usually lead to price improvement.

Barring BTC, of course.

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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

Mighty_crypt

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People don't like Bitcoin forks that much but believe there are few good ones out there, even Zcash fork 'Zclassic' is a very good altcoin that changed the life of my friend in 2017, no doubt some forks are scam but the popular ones aren't, dyor

totoy4741

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They're might be a good choice since like you said they have taken out from bitcoin it does not necessasrily mean that you have to count out some of the altcoins that are performing better than them not only coin value but in other over all aspects as well. Still your choice and everyone is entitle to make their choice and decide for themselves.

Teawhalee

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Bitcoin forks offering better performance that Bitcoin is very surprising to hear. However, everyone's opinion is respected. For the profit I trade Bitcoin forks . For low capital traders , some of the forks are good for quick profit in an uptrend and very bad in downtrend. You need to trade with care.

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

These coins have their use cases and they offer better performance compare to their king ( Bitcoin ) and their team are very active as well

I have done a well research and the bitcoin forks you listed are one of the worst performing and ones without any development. They are not anywhere comparable to popular bitcoin fork like bitcoincash let alone bitcoin. If you are going to diversify your investment away form bitcoin, do it on proper alts than a bitcoin wannabe. Go 75% on bitcoin and give 25% to coins that are not SHA256.

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Quote from: xSkylarx on May 06, 2020, 07:33:54 PM

I honestly haven't invested in any fork coins yet and I consider the as an altcoin not as a part of Bitcoin itself since they are derived from the idea and concept of BTC itself. In terms of speed and transaction fee I believe someone already said it XRP would be the most ideal.

seeing that prices sometimes go up so high, it makes me interested to invest too. however, to be honest I also did not invest in coins from the fork bitcoin. however, so far I have only focused on ethereum. sometimes I see that the price increase that occurs in the forks of bitcoin is very high, but the price increase does not last long.

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