it IS important to make profit, preferably a big one, on your investment. but it IS also important to take reasonable risks with your money. and investing in altcoins may seem to be giving a lot of profit but also it will expose you to a lot of risks. the unpredictability of the altcoin pump and dumps makes it 20 times riskier to invest in them instead of bitcoin.
but if you are willing to take the risks and accept that there is a chance of losing 90% of your investment then invest in altcoins and you also have the possibility to increase it by 1000% in a week!
Topic: Will Bitcoin double your investment or Altcoins? (Read 151 times)
Last year DMD Diamond performed better than Bitcoin, and so did a number of other altcoins. People should definitely consider altcoins as part of the portfolio. One issue with altcoins is that they often rise and fall with Bitcoin, so you just want to make sure you never actually *need* the money, or you could be selling off at a serious loss. If you can sell at a high, your gains could be exponential.
It is important to double our investment or at least make significant profits in a given period of time taking advantage of the crypto-volatility.
With the high volatility as well as the price of BTC, not many would like to trade it for profits. Since the value is very high it is imporatant for many to hodl. However, what one must realize is the fact that the amount of profits that they would be making through BTC investment may not be doubled as in case of Altcoins.
With a price of $8500 around for each BTC now, let us assume you invest and leave it untouched for the next 6 months just closely watching the markets. Post 6 months period if the value shoots like the last quarter of 2017 to about let us say $17000, we can consider that we have made a 100% profit and doubled our money in a span of 6 months. But practically this may take a year or this may happen next year!
But if we take a moment and think then we can really see that the Altcoins which have a far lesser value attached to them and have perhaps a slightly greater volatility or at least as much as that of BTC. In such a situation, say you put $1000 to buy a coin like NEM at a rate of 0.6$ per coin, then you may perhaps find that you can actually sell your coins when its price hits the 1.2$ mark or even if it shoots to 1.8$ as it had happened recently in January.
This actually will give you 3000$ which is a 200% profit. Now, this peak may not happen everyday but you must watch the market carefully because this happens 'frequently'. Consider you invest all your 8500$ (that you would invest in BTC) into NEM or any other good Altcoin or a combination of coins, and if this kind of a 200% or even a 100% profit is made in 2-3 months, which is certainly possible, then you would end up making the same profits that you would make in BTC that too in 2-3 months. You can collect your profits and re-invest back into the market the initial $8500.
What I wish to suggest is that if you have the intention of selling or making money, it is important that you consider Altcoin seriously, because the risk is lesser and profits greater. BTC is for those who can afford to pump in a lot of money and for those who wish to INVEST rather than make definitive profits in a certain period of time.
With the high volatility as well as the price of BTC, not many would like to trade it for profits. Since the value is very high it is imporatant for many to hodl. However, what one must realize is the fact that the amount of profits that they would be making through BTC investment may not be doubled as in case of Altcoins.
With a price of $8500 around for each BTC now, let us assume you invest and leave it untouched for the next 6 months just closely watching the markets. Post 6 months period if the value shoots like the last quarter of 2017 to about let us say $17000, we can consider that we have made a 100% profit and doubled our money in a span of 6 months. But practically this may take a year or this may happen next year!
But if we take a moment and think then we can really see that the Altcoins which have a far lesser value attached to them and have perhaps a slightly greater volatility or at least as much as that of BTC. In such a situation, say you put $1000 to buy a coin like NEM at a rate of 0.6$ per coin, then you may perhaps find that you can actually sell your coins when its price hits the 1.2$ mark or even if it shoots to 1.8$ as it had happened recently in January.
This actually will give you 3000$ which is a 200% profit. Now, this peak may not happen everyday but you must watch the market carefully because this happens 'frequently'. Consider you invest all your 8500$ (that you would invest in BTC) into NEM or any other good Altcoin or a combination of coins, and if this kind of a 200% or even a 100% profit is made in 2-3 months, which is certainly possible, then you would end up making the same profits that you would make in BTC that too in 2-3 months. You can collect your profits and re-invest back into the market the initial $8500.
What I wish to suggest is that if you have the intention of selling or making money, it is important that you consider Altcoin seriously, because the risk is lesser and profits greater. BTC is for those who can afford to pump in a lot of money and for those who wish to INVEST rather than make definitive profits in a certain period of time.
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