Bitcoin Forum

Hi,

Currently I only have $1000 to invest, so I was think that I would put 50% of this in Bitcoin and the rest in Alt-coins. But then I thought that it would be a waste. Whereas Bitcoin maybe could 2x-3x in the distant future, if I do enough research and find good alt-coins they could 5x-10x. I really want to own bitcoin but I feel like it would be a stupid investment decision to jump on to bitcoin at this moment with this amount of capital. I plan to start invest $1000 every month starting 1 month from now, and when I have enough money to buy 1-3 BTC I will buy some.

The ROI looks to be greater in alt-coins right now, so should I just focus on those for now? I'm looking into Waves, ICN, STRAT, GNT. I will miss out on free BCC if I go this route, would it be worth it to buy BTC for $500? Just so you know I'm a long term investor. I want to hold for at minimum 6-12 months at a time. What do you recommend me to do?

 Before I would invest in altcoins, I would first buy bitcoins for the 1000$, place them into my wallet with my private key before August 1st. There are only a few days so I would collect first a few free BCC and then invest in altcoins or even ICO coins.

It is better if you will go all in onto bitcoin now rather than altcoin to get some free BCC, then after that just continue your plan of investing long term on altcoins. If you really want to gain more profit of a 1000$, you should maximize your stash first by getting some freebies after the fork, then go invest onto alts afterwards but still I don't think it is wise to go all in on them.

Thank you!

Yes, the rationell and logical way would be to go all in on BTC, but my main concern is that the prices of all of these Altcoins will skyrocket after Aug 1, lol. Well, if they do then BTC will skyrocket as well, so i guess I can only win in that situation.

Would you recommend me to wait or buy BTC today, will the price drop in the coming next days? Also my ledger S is arriving tomorrow, would I still get the BCC if I put my BTC in my ledger? And what is a private key that everyone is talking about?

The obvious thing to do if you just come into bitcoin is to invest into bitcoin, it's only upon deeper learning you come to realise there is a whole altcoin world in play.

True that if you invest in bitcoin the movement is not going to be amazing, if you invest in the altcoin world depending on the altcoin you are in there is the chance that the increase and decrease could be tremendous and therefor earning you more bitcoin.

It is all a gamble, the choice is yours but which ever way you go please make sure you do a decent amount of research on the coin you will be investing in.

You should buy as soon as possible so that btc are at least on July, 31. in your wallet. You will get then bcc automaticly.
Here are more infos bitcoincash.org

I have asked this question to myself when I started to get into crypto and came to the conclusion that holding solid altcoin projects seem to give better returns :)

I already have money funded in my exchange account. All I'm waiting for is for my Ledger S to arrive tomorrow.

Yes, a long-term investment have the best profits, of course if you are not a professional trader.

each investment have risks, i suggest to buy some btc before 1 August, as a long term holder, the price shouldn't be concer much, only time can tell you who will survive last

Thank you for your advice!

Yes I always make sure that what I'm putting my money into is actually real. When I research alt-coins I look at the team; who are they? What are their backgrounds. I look at their white paper, I try to image what solution this their project can bring to the world and so on. I would never put my money into a pump&dump for a quit buck.

I think it is quite risky to buy only Alt Coins. Looks at historical snapshots from Coinmarketcap and see how many old Alt Coins have died. Keep at least some Bitcoins no matter what you decide to do.

Than you all for your advice! I'm going to be buying 100% BTC before 1 Aug and let the dust settle. In the meantime I will do even more research into the Altcoins of my liking and wait for the right time to buy. I will then resume my plan of holding 50% in BTC and put the rest into alt coins.

Bitcoin is safe compared with the most of altcoins. I think you have to diversify your portfolio as much as you can. But it should be better to leave 30%-50% in BTC. Also, be very careful in choosing the coins to invest! And good luck!  :)

yes but only on the strong altcoin, don't invest blindly on everything that is really a bad strategy, but you can aim at certain altcoin that are not on the top, but have the potential to be there oen day, it's a difficult to know, but it can be done by looking at the roadmap and the dev activity

It is not wise to only invest in altcoins because they are more volatile than bitcoin and you can easily lose money there if you will not invest in real or legit cryptocurrency. If you want to be safe and wise then you will invest in the strongest cryptocurrency and that is bitcoin and the rest will be diversified into altcoins to minimize the risk of having a loss.

I do not think it is wise to only invest into alt coins. Though some altcoins can make 5x-10x profit, I think you will face the 5x-10x risk. Alt coin is a high risk and high payback investment, so it is wise to put some of your money in it and prepare for the loss of these money.

Actually, that would  be retarded.

No matter whether you made decision to go fully for altcoin investment, the first step will be buying bitcoin as there is hardly any direct exchange which let you buy coins for USD. So once you own bitcoins, better wait for 1st August as only 3-4 days left, what's wrong to get some free bcc. Well after that, it is good to invest completely in altcoins. I believe altcoins can give much more return than btc.

We are know with a type can make money with high profit always accompanying the risk not small. So, don't putting our funds to any type investment online is best choice, after take profit should withdraw to FIAT every month can help we interesting more in this job.

I always thought that it is not good to put all money into one or another. Why can't you just diversify my friend? you can do like %20 bitcoin and %80 altcoins. It would be better.

Investing in altcoins alone wouldn't be that much beneficial. Although altcoin calues are good this time. There could be possible circumstance that could make it stop rising. It would be better to keep some or place it to any other investments.

Many altcoins have outperformed BTC during the last 4 years in terms of % gains and I don't think it will be much different in the next 4 years. That said, many alts have also disappeared completely. So the answer of your questions lies in the selection of altcoins that you are going to make. My biggest alt positions entering 2018 will be IOTA and Tezos.

I believe that some altcoins will be 10x or more than but they will not be Bitcoin. I'm 50% Btc 25% altcoins 25% fiat. I think it's nice mix :)

As with any kind of investment, you have to diversify. Investing in cryptocurrencies ONLY is already very risky... And leaving out the main coin makes it even riskier. My two cents: invest in different coins (including btc and eth, the biggest ones) but also invest some of your money in safer places outside of the crypto world (depends a lot which country you're from)

I guess it's better to invest more in bitcoin since despite the erratic status of it's value, it is still more established compared to some other altcoins and it had somehow proven its worth thru the years. Although i am not saying it's not good to invest in altcoins since some of it are doing a good job but it depends in whick altcoin you're investing to. It's a risk, a gamble. Though it's not bad to invest in both and if wver you do, just try to observe the changes so you'll know what to do next.

Its always wise to invest in altcoins as long as you know what you are entering. Many altcoins are scam scheme so you must take care of your funds.

To reduce the rate of risk occurring, you can search the altcoin information you want to invest. A little tips to choose altcoin that has high trade volume.

Investing in altcoin is indeed a very fun, Because this is very profitable for the short term.

Indeed it is very good to share your money in Bitcoin and Altcoin, If you want quick profit then choose altcoin.
Bitcoin is perfect for long-term investments

Yeah just like now that the correction is approaching I convert 70℅ of my bitcoin into some potential altcoins like eth, waves and ltc just to be safe and have a good return of investment. Better than to be safe than sorry, I think its the wisest move so far. Don't put all your investment into altcoin, I mean leave some btc into your wallet as the price now is so good.

I agree with you, because I'm sure bitcoin is still more stable than altcoin, my experienced 2 years ago when I buying bitcoin at the price of $ 350, and I still  keep it and proved this year the price increased and i believe the price will be increase again. But there is nothing wrong with investing in altcoin because many of the altcoins are popular and may be able to co-exist with bitcoin.

In my opinion,  i dont consider investing in bitcoin as being a wise move,  the value of bitcoin is high which means that the risk is high as well. Rather earn bitcoin than to invest in it. The best thing you can do in my opinion,  is to invest in altcoins and ICOs. Although there is risk involved in every investment,  but this kind of investment will benefit you in a long run,  and the risk is very low. You can even consider investing in ethereum since the value fell,  and who knows maybe the value will go up within a month and start reaching new all time highs.

In my case no I don't think it is wise for you to only invest in altcoins, divide your capital and invest also in bitcoin. In that way if the altcoins are down at least you still have other coins and bitcoin to balance your profits.

Investing in top tier altcoins generates good returns,
however investing in low volume coins gives more profit but on the other hand, its more risky as well

You must do maximum diversifying to low risks. Invest only in alt coins is not good idea. Spread your investment in coins, which you trust more, maybe top 10-20.

Yes for me it is not good investing only in altcoins. Just be practical dont stick to one it is much better to divide it.