Bitcoin Forum

I never followed ALT coins' progress and I was wonderng if at this point, is it any good to start getting into ALTs now? Is it anything better or equal to BTC or greater? What you guys say?

I suggest you to research a little
You can track the prices and charts on https://coinmarketcap.com

You can compare BTC and Alts

If you want to invest some money on alts, please, research and study first

Do not follow comments like: "it's time to invest on XXX coin", or "invest on YYY coin and be rich", a lot of people invest in coins and try to make another people buy the same coin to rise the price

There are some altcoins the had risen up to more than  100% so it must be true. I'm not surprise those who sees the coin to have good potential will always buy back the coins that made them richer. Those coins also have a considerable usecase in the  future and supported by big companies and the community. I'd be excluding the BSV even when it had  gone up.

Tactically yes but not all altcoins where pumped in the month of May, 2019. The must pumped (Altcoin) shitcoin was that of the Bitcoin SV, which skyrocketed with almost 101% but look scamming. Altcoins aren't profitable in general, but do due diligence before acquiring them to avoid regret.

Yes there are some altcoins which grow last month and you can check on cmc or another website who provide statistic, but to get a profit this month investing on altcoins can be hard because not all months are the same.

Yes, thank you for the tip. I really intend to learn more about alts first. I've been hodling btc for a while now, And I'm not too eager to jump on the next hot coin. I just want to know more about it since I've been following some threads advising it has gone up in value.

I used to watch this sort of information using Cointracking. You do not need to register to access the charts and stats, and there is one that I particularly like which is the view provided by this link: https://cointracking.info/coin_trends.php.

The page site provides a list that you may sort by price trend (increase/decrease) over a certain period of time (1h/24h/7d/30d). For example, you can sort by price increase over the last 30 days.
Unfortunately, you cannot apply filters such as a complementary marketcap minimum, which you will need to also take into consideration (the information is shown on the list though), alongside with abrupt up and down patterns due to pump and dumps. You can click on the chart hyperlink to get a more detailed version of any chart.

2019 is an interesting year for LTC, and considering the halving of it this year, it is worth to observe Litecoin anyway.

I think not at all altcoin will be more than bitcoin in this month.
If you want to buy or invest for altcoin in this month, maybe you can track for deeper that XXX coin before you execute it.

And about altcoin price higher than bitcoin, You don't need to wait for the end of this month. Because in the last year, I see one of XXX coin more and more higher than bitcoin. You can check it in CMC or another site like that.
 

Well, it is very hard to monitor altcoins today especially when that altcoin is not popular or you haven't held any of it. If you are a hodler of altcoins for sure you will monitor it daily or weekly. Bitcoin has risen a large amount this month and of course, altcoins followed. But some of the altcoins right now increased by 200% to 300% after the rise of bitcoin so I believe alt coins had a bigger rise than BTC without checking the last year's chart.
Bitcoin is the mother coin of almost all of the token in the market that's why they are following what is the status of the btc and also depending on it.

Even during the bear market, people can still take advantage of the altcoin's price behavior.

It's just that, what altcoins should be considered.

Honestly, that was a tough thing to know and you can't just follow other's recommendations because of an obvious reason that we all have a different approach. They might successful trading a certain coin but it doesn't mean we can have the same result.

Now to answer the question, there's no such thing as bad timing to get started on ALTS. It's on your own hands how to properly managed it along the way.

If you're talking about assurance, Bitcoin is still the best choice. It depends on what you believe is more profitable. There are also potential altcoins which are worth holding but if you will observe, Bitcoin is soaring high these days and it could go even higher so if you want a sure profit, you better invest with Bitcoin. 

Not all altcoins are having a bigger rise this year.
Most of them are dropping down and some are actually losing their value. Only top coins are increasing and not every altcoin have the potential to rise better when the bull market runs.
It's still best to invest with Bitcoin because the changes are visible.

Btc dominance has been on an increase daily, major alts I've been following have all kept a downward movement. Take sometime to track some alts of your interest and see their progress. May was a bad month for alts in Btc pair.

It's actually dizzying the amount of alts out there and not even 10% of all those are gaining value in the past couple of months despite some alts soaring as high as 200%. I noticed most of the most popular once have even decreased in demand and value. so maybe yeah, I'd rather stick to btc for a while and calculate and learn more about alts I might decide on getting.

It looks like it.

1. Create ScamCoin and pre-mine 1000.

2. Now sell one to your best friend for $1000  = Current marketcap $100,000.00!

3. Next have your friend sell it back to you for $2000 = current marketcap $200,000.00 = 100% growth per day!

Now I have a coin that blows bitcoin out of the water on paper. Of course it is actually worthless, but if I can convince a few people otherwise I can sell my pre-mined coins and just walk away from the project. Remember that the "problem" most alts are trying to solve is the problem of you having money that a scammer wants.

Interesting breakdown of what's behind the scene. I don't know how it works with alts but, you seem like you've orchestrated something like this lmao jk

My opinion is that Altcoins are capable of becoming an honest and competitive Bitcoin. yes, and it’s time to show how important the power of the idea that the ico projects offer, and not just the crazy mining.

In the real sense no alt can compete with Bitcoin although in Bull run most alts triple in their prices more than Btc can double but at the end Btc still dominates every alt.

It is not so difficult to monitor altcoins if you do not have over a hundred of them in your portfolio. As for their growth this May, Bitcoin showed better activity, which was a bit unusual. I guess, in June, alts will be faster.

There is something in it.
Some of the altcoins that I had a good growth a year ago. Much better than this year. Perhaps then many investors believed in altcoins enough to buy. This year, everything is different: people only believe in the biggest coins.

Yes that was true for altcoin like binance coin/ BNB with IEO project, bnb is best altcoin this year i think with use on IEO and some people say it can replace ethereum, may be in several years.

altcoin hasn't experienced an increase that exceeds bitcoin in May because bitcoin is rising rapidly and altcoin is very slow, only a few altcoins have gone up pretty well but not exceeding the speed of bitcoin. but indeed it is undeniable that the increase in bitcoin makes the altcoin also rise in fiat.

Not to understate the meaning of many altcoins that are good and move positively, but if it can and like Bitcoin, for now it seems that it is still far from expectations, because after all all altcoins still depend on the movement of the value of bitcoin and not and cannot move own.

it all depends on the altcoin because every day there are altcoins that can reach 100% price increase in a day.
but keep in mind that this is only the hype made by the altcoin, and what I know is that there are no altcoins that are better than bitcoin.

There is no one will give you an idea to choose an altcoin who will give you a profit and also there is no one who will give a high confident that BTC is the promising place to investing. But if you learn more about management risk when you have an intend to invest I'm sure you will find a lot of people who says don't store your money in one place.

This strategy has been done by me when I started to invest and thus far I have been felt the result of the strategy. I can still get a profit when one of my investment place fall because I choose another to store my money. Maybe you can learn about this strategy, but I just give a suggestion when you choose investment in cryptocurrency store a half in your capital in Bitcoin and the rest you can share on the several altcoins. And remember there is no instant profit, if you have intention to get a huge profit set your mind to choose long term investment.

I agree with you on that, it will be impossible for any altcoins technology to ever be able to stand with that of bitcoin, I believe that we all know Ethereum came as second to bitcoin, and when Ethereum came, they came as though they have a better solution more than bitcoin, but till date, no matter the market strategy being used by Ethereum, they have still not been able to reach bitcoin in everything.

Most of the altcoins we see reach 100 percent at one point is because they are still very low in value and they have low market cap, but in general, no altcoins has ever increase as much bitcoin has, even any one doubting is to even check CMC, they will see that bitcoin increase since it was created is quite higher than  every other cons that may exist in the market.

We all must be ready that after 12. September a lot of altcoin will go down, because from this date it will be prohibited for americans to trade on Binance and a lot of coin have their most trading volume on Binance...

Yobit shitcoins are pumped for attracting more traders and telegram pump-dump groups are promoting their service on the social media pages. After buying the cheap coins, they make a fake buy volume on the small exchanges, start to announce the date of the pump on specific exchange and Bingo. They start to sell the new traders who late to the party. Sad story but it is true in most pump-dump coin groups.

Do you think this factor will have a big impact on cryptocurrencies in General?

It is so stupid to think it this way. Just like China did to cryptocurrency 2 years ago. What happened afterward? nothing. It's a huge factor for those who used that platform(because you are not able to do any transaction). But for the overall situation? it does not have that much impact. Some coins might get burned in the process, but it does not mean everything will turn into chaos because of this.

Sometimes, it seems that the crypto market has its own rules: it never follows any rules. Therefore, crypto trading is a good business for only those people, who are as flexible as the cryptocurrencies. If you invest in one token, it does not mean that you should work with it only. Invest and trade depending on the market trends, and it will bring you good results.

Investing and trading are different boundaries than simply following the market. Sometimes flash crash can erase all winning on single price movement but the crypto markets are more sensitive to the price volatility. The crypto market liquidations can be a real market maker orders if you check the related sites for following the latest million $ worth short/long Bitcoin liquidations.

When he is asking about last May is he referring to May 2019 or May 2018?

Since he wrote this in June 2019, I am assuming he was referring to May 2018.

Either way May 2018 had a big alt run. BTC went from $6K to almost $10K but alt coins like BCH had a huge rally. Basically if I recall BCH almost topped out at $2000 from like $500 a few weeks prior.

And after that every started to turn red again, including BTC. It was basically the perfect time to short or sell because a nasty bear market begun.