Why I am focousing more on $ALTS than Bitcoin

CuriousGeorge

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Quote from: didzi on January 17, 2021, 06:00:25 PM

Quote from: devollito on January 17, 2021, 05:39:42 AM

Bitcoin marketcap going down because the buying power decrease and many people still need market movement especially for daily trader. It will back to bitcoin in the long term. Only few altcoin with strong fundamental development and use case will survive.

of course in long term people will choose bitcoin, but in short or medium term, i think altcoins is a good choice too my friend
because by investing in altcoins we can increase our bitcoin amount right ? an this investing in altcoins from many way to get more bitcoin

The bitcoin being flooded with so many institutional investors and these investors gave no choice for the small buyers to shift into the altcoins.
As long as you are investing in the legit altcoins and you can also get more bitcoin when you are able taking the decent profit from your investment. That's how altcoin trade was working.

Mkmanik

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Quote from: mirakal on January 18, 2021, 09:56:01 AM

Quote from: Mkmanik on January 18, 2021, 07:17:14 AM

Bitcoin made a new all-time high, So people moving their profit bitcoin to the altcoin. so why at altcoin I am very bullish. especially on the Defi project, People are very interested now in the Defi project. also at altcoin, people can easily gain 10x or more profit. So right now, Investment altcoin is very suitable to make some easy money. but don't forget to HOLD bitcoin a minimum of 50% of your total investment. because an altcoin is also very risky

I'm very much interested on De-Fi projects, but since you said about "people can easily gain 10x or more profit".. can you site an example of a De-Fi projects that has already made investors profitable that high?

yes. You can check chainlink project for that. Take a look here https://coinmarketcap.com/currencies/chainlink/ Chainlink holder made a huge profit and its Defi project. Also adding a photo for better understand

jaberwock

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Quote from: Mahdirakib on January 18, 2021, 01:09:43 PM

Bitcoin price fixation didn't happen after $12k. Actually btc price rally started from there and bitcion marketcap dominance have increased enough since then. It was staying above 70% for a good period of time. Though it has dropped under that percentage in recent few days and altcoins marketcap increasing now. I think bitcion price really will start again soon, like before. And alts willl move slowly behind it.

Alts actually do not move slow, they do increase in fiat a lot faster as well, it is the public that has alts in bitcoin form that are upset about the situation. Let's assume that you have 1 bitcoin that worths 10 thousand dollars, and instead you buy altcoins with it, a year later your altcoins worth 0.5 bitcoins but 100k dollars, would you be upset about it?

Basically people want to see altcoins to worth the amount they used to worth, but looking at ETH for example, it was 130-140 dollars a year ago, now over 1k, did bitcoin have the same type of increase? It didn't, that is what I am talking about as real increase.

People think alts are not doing well because most of them dropped in bitcoin price, and many believe "if I kept bitcoin instead of alt, I would have been richer" but they do not realize that they got richer anyway, so whats the purpose of this complaint when you are already richer.

Mahdirakib

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Bitcoin price fixation didn't happen after $12k. Actually btc price rally started from there and bitcion marketcap dominance have increased enough since then. It was staying above 70% for a good period of time. Though it has dropped under that percentage in recent few days and altcoins marketcap increasing now. I think bitcion price really will start again soon, like before. And alts willl move slowly behind it.

mirakal

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Quote from: Mkmanik on January 18, 2021, 07:17:14 AM

Bitcoin made a new all-time high, So people moving their profit bitcoin to the altcoin. so why at altcoin I am very bullish. especially on the Defi project, People are very interested now in the Defi project. also at altcoin, people can easily gain 10x or more profit. So right now, Investment altcoin is very suitable to make some easy money. but don't forget to HOLD bitcoin a minimum of 50% of your total investment. because an altcoin is also very risky

I'm very much interested on De-Fi projects, but since you said about "people can easily gain 10x or more profit".. can you site an example of a De-Fi projects that has already made investors profitable that high?

Mkmanik

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Bitcoin made a new all-time high, So people moving their profit bitcoin to the altcoin. so why at altcoin I am very bullish. especially on the Defi project, People are very interested now in the Defi project. also at altcoin, people can easily gain 10x or more profit. So right now, Investment altcoin is very suitable to make some easy money. but don't forget to HOLD bitcoin a minimum of 50% of your total investment. because an altcoin is also very risky

asriloni

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Quote from: devollito on January 17, 2021, 05:39:42 AM

Bitcoin marketcap going down because the buying power decrease and many people still need market movement especially for daily trader. It will back to bitcoin in the long term. Only few altcoin with strong fundamental development and use case will survive.

People will be always having money to buy bitcoin and more institutional investors mean more money will be going to the bitcoin.
You must see how many institutional investors that already joined in bitcoin. It's not only the retail investors that bought bitcoin but the company and some communities started to consider bitcoin as a potential investment for the future.
Even so many pension funds are going to the bitcoin too.

didzi

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Quote from: devollito on January 17, 2021, 05:39:42 AM

Bitcoin marketcap going down because the buying power decrease and many people still need market movement especially for daily trader. It will back to bitcoin in the long term. Only few altcoin with strong fundamental development and use case will survive.

of course in long term people will choose bitcoin, but in short or medium term, i think altcoins is a good choice too my friend
because by investing in altcoins we can increase our bitcoin amount right ? an this investing in altcoins from many way to get more bitcoin

Roidz

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Bitcoin's rise in recent times has had a positive impact on altcoin prices, this is because there are several altcoins that are derivatives of bitcoin and of course not everyone can afford to buy bitcoin so that altcoins can be an alternative investment that is the same as bitcoin and one of the reasons many people choose altcoins today is that the price of bitcoin is too high so that in the end traders and investors will shift to other crypto assets and these assets are altcoins.

devollito

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Bitcoin marketcap going down because the buying power decrease and many people still need market movement especially for daily trader. It will back to bitcoin in the long term. Only few altcoin with strong fundamental development and use case will survive.

cryptonx

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focusing on altcoins is good idea, because by investing in altcoins we can earn more bitcoin right ?
but the fact, a lot of people didn't know how to choose the right alt, because most of people want to find a hidden gems, they want to make a huge profit with small money and its sounds really easy but for sure its hard to do

Renampun

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you don't have to be too idealistic. the point is if it gives you a profit then put more focus there...
I also realized that many people don't really like Bitcoin but prefer Altcoins. some traders are even more profitable on Altcoins than Bitcoin. just focus on your choice.

seramania

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for me it is not a problem if you focus more on altcoins, but my advice is on altcoins that are in the top 10 coinmarketcap. because it can provide profit. but, don't forget bitcoin because I think bitcoin also definitely provides profit, it's just that you can adjust the pattern both between bitcoin and altcoin will definitely be successful

Drahzar

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Quote from: taunitsed on January 14, 2021, 05:19:44 PM

this very depends on your personal skills and strategy. i do my best in hodling BTC and trading hyped defi like polkadot, uni. and i'm researching new dex projects to go in.

btw, i'm watching just now an interesting stablecoin dex - xsigma. good financial model, and they have nice rewards for LPs

taunitsed

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this very depends on your personal skills and strategy. i do my best in hodling BTC and trading hyped defi like polkadot, uni. and i'm researching new dex projects to go in.

Crypto_lion

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I think it's pretty clear that if you wanna risk more then you can go and invest in altcoin where the rewards can also be high. Bitcoin is a relatively safe investment in crypto which gives decent returns too.

X-ray

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Quote from: Desscount on August 29, 2020, 09:42:40 AM

Quote from: Chainsmokers on August 29, 2020, 04:41:53 AM

profit is the main choice of many who invest in altcoins compared to bitcoin other than that the difference in price is very high, it is difficult to get big profits in a short and long time, I also choose altcoins from bitcoin and I prefer investing in new altcoins very good in my opinion because can get big profits in a short time

New altcoins in my opinion are very risky, even though now there are many new altcoins that are showing good performance but not necessarily the new altcoins that will come again are the same, beware! crypto currencies are cruel

it's not only risky but it's a gambling especially for the Y family token as these tokens have no purpose at all. That reminds me with the bitcoin fork trends that happened a few years ago. My friend has already trapped by YFIB and that was a crap coin for sure.

Silberman

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Quote from: Captain Corporate on August 27, 2020, 04:14:16 AM

There will always be times when bitcoin gets super amount of attention after a while and when bitcoin reaches to a whole new cap people will move towards the altcoins and when those do reach a new cap they will move towards whatever is the riskiest, back in the day it was ICO after that it was IEO and nowadays iti s DeFi projects and so forth. That is why I believe this is an endless circle and people will keep doing that forever.

Isn't there some people who are only using usdt/btc and nothing else? Sure there are. There are also people who only invest into new stuff as well, go into high leverage stuff, go into ICO or DeFi or whatever stuff. There are people who only focus on just one of them, but in reality those are small numbered, regular big portion of people go check out absolutely everything all together but the difference between them is that some of them do it in turns and some of them do it at the same time.

I don't think this is an endless circle and I think that for one reason only and that is that we have not an endless amount of money in the market, despite the huge amount of money moving in the market of cryptocurrencies every single day the amount it moves is limited and even if whales and expert traders can move the market as they wish the number of people that they can manipulate decreases with each passing year as people realize that they have been losing money in the markets for all of that time or they run out of cash, and while it is true that every single year new investors join this market at the same time the level of those investors is increasing and they are not so easily deceived as people were back then.

Roidz

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Quote from: Desscount on August 29, 2020, 09:42:40 AM

New altcoins in my opinion are very risky, even though now there are many new altcoins that are showing good performance but not necessarily the new altcoins that will come again are the same, beware! crypto currencies are cruel

Actually there are several new alt coins that in my opinion are potential enough to be traded such as DIA, wazirX coin and so on, but as a trader, of course we have to be ready with all the risks that exist if you try your luck at new alt coins at this time because new alt coins may not will last a long time in its development like some other alt coins that has now become scam coins, before trading, we should really know all aspects about these alt coins so that we can make the right decisions before trading, not all alt coins are cruel if you are reliable at doing make the right market predictions.😁

Desscount

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Quote from: Chainsmokers on August 29, 2020, 04:41:53 AM

profit is the main choice of many who invest in altcoins compared to bitcoin other than that the difference in price is very high, it is difficult to get big profits in a short and long time, I also choose altcoins from bitcoin and I prefer investing in new altcoins very good in my opinion because can get big profits in a short time

New altcoins in my opinion are very risky, even though now there are many new altcoins that are showing good performance but not necessarily the new altcoins that will come again are the same, beware! crypto currencies are cruel

Topic: Why I am focousing more on $ALTS than Bitcoin (Read 830 times)