Bitcoin Forum

First, some context: I am in no way a Bitcoin maximalist — I think there's some value outside of Bitcoin, but ultimately BTC is my 'main' crypto holding and every profit I make with altcoins has always been exchanged back into BTC.

In crypto bull markets, the common opinion is that in a full-blown bull market, pretty much everything goes up unison. This is based on crypto's general performance back in the last bull market of 2017.

The thing is, people seem to expect the same thing in this cycle. Do I think it will be the same whereas pretty much everything goes up? I don't think so. Capital and attention are too spread out and too diluted.

Compared to 2017 — as if we didn't have so many coins/tokens already back then, we have far more coins and tokens now; we're talking huge multiples more coins/tokens. Money will be too spread out this cycle that price pumps will likely be heavily suppressed.

I and a lot of people here frequently say that BTC is the better pick for the masses(which has always been true), but regardless, I'm usually only like 10% BTC overall most of the time because I like risk and I have been historically successful with picking altcoins. But this cycle? I have far fewer altcoin holdings and am more concentrated on BTC as the r/r has gotten worse with altcoins, and I think a lot of people will be disappointed — regardless if we generally continue to go up or not.

Will there still be altcoins that will achieve huge multiples? There will always be such altcoins.

Will I be right? Maybe, maybe not. Time will tell.

---

EDIT 1:

---

EDIT 2:

Few days ago we argued about some kind of percentage of altcoins that are decent and the in decent ones, where you said over 50% where decent. Of course I took a tour on your platform and I happened to me amazed with the huge number of Airdrops for coins/tokens but that kept me wondering so how many do one need to participate on? with the number of coins/token I'm confused where to go and this is one of the main reasons I have always stocked with bitcoin, causing less stress for myself.

Regardless, anyone can pick altcoins (shitcoins) and make it out with them but the current situation of this bull run in my opinion is a good reason that people should concentrate more on bitcoin, having at least 85 -90 % of their assets in bitcoin, than spread their attention in what may not end well. the 2017 bullrun is definitely different from 2024.

The cycle that has always been the path that bitcoin and other cryptocurrencies trail on have changed recently, but only those that have experienced and seen how the previous cycles took place, made some profits from them through potentials they’ve seen in some tokens can really understand it. We are all focus on the bull run and expect most of the tokens (altcoins) to do some multiples like before but the truth is everyone in the market have learnt a lot and are +1 smarter.

Those that lost more money the last time in investing in shit projects don’t longer do that. Everyone have come to realize how the market works and they don’t just put money where they won’t be profitable. The bull run will come but the expectations shouldn’t be high like before on those altcoins. As for bitcoin, it can still be dependable on if you want some profits and not be at loss totally at the time of bull run. Not everyone that preaches bitcoin are its maximalist, but it’s always consider better amongst the rest which is just the fact about it.

There really is some profit outside bitcoin however these altcoins are just way too volatile and risky than bitcoin so it is more difficult to reach your target profit while also making sure that you are not losing anything.
Exactly. There are way too many subsections under altcoins now all with different purposes. In one blockchain alone, there are so many projects associated so it is harder now to penetrate through the market.

Here will come the important decision of choosing the right altcoin because not all altcoins will feel an increase in price.

The problem is to find the alts that will make good multipliers this cycle. Just because you have had good results in the past does not guarantee future results, and in any case you seem to know more about it than the average buyer of alts.

Concentrating on Bitcoin as I do is because it provides a mix of profitability and security. It is not going to do x100 this cycle as some altcoins will, but it has almost no risk of going to zero, as such alts do. Apart from an ethical issue, I prefer to support a decentralized mechanism than a centralized alts.

This thread is specifically about spot coin/token portfolio allocation, not airdrop farming, but yea airdrops have a different risk:reward profile as compared to buying coins/tokens for your portfolio.

And yea, it's quite a lot, but I personally do this full time so I'm not really that overwhelmed. You don't need to participate in everything just like how you don't need to buy every hot altcoin in existence.

The concept of bitcoin/altcoin is similar to different views of religion and different types of governments.

Each one person has their own view on crypto and they are free to create something new from it and thus the emergence of altcoins. But time has shown us that each and every altcoin is not worth putting your money in. On the other hand bitcoin has out performed itself and is essentially enough to cover the needs.

Year by year have passed, I have watched from 2015, and it all cycles back, altcoins suck and bitcoin dominates.

Hence it is good enough to keep a little bit on altcoins but keeping the maximum in bitcoin.

Year after year there are more and more altcoin choices, but this also makes us divide our portfolios more widely and the risk will no longer be as guaranteed as before in terms of returns. Some of the projects currently being built are only limited to games so that Bitcoin remains the main choice to be on a safe path in terms of risk. I agree that currently there are fewer altcoin holdings, it is difficult to choose, but if you want to go deeper and focus on seeking profits then we are already faced with the altcoin trend cycle of AI, Game, DeFi, Layer2 etc. Even that is not easy without in-depth research.

As a result, I, who don't really like risk, and decided to stay in Bitcoin in the long term. Leaving more of my finances in Bitcoin, because the results have been proven over the years to never disappoint.

There are countless projects popping up everywhere whether it's in ETH, SOL, or other L2s of different main chains. We should remember that the value of such projects is given by the ones who hold on to it and the demand of the certain project. There would always be altcoins that would rise in price and it's up to the person investing to look out for this.

Another thing to consider is that the coins in the cryptocurrency space are affected by BTC prices. So whether or not a coin goes up or down, the majority are following the trend of BTC.

I agree that we will see it as time continues.

Right now there are big expectations from ETH ETF, for example.
But Bitcoin bull run is also here and I also think that, no matter what other coins people are speculating on, this year is still about trying to squeeze as much gains as possible from (the expected) Bitcoin price rise.
So for now, indeed, it's all about stacking sats.


There's only one thing I don't agree with you, OP. And that's the placing of this topic under Bitcoin Discussion. Imho it's more worthy to Speculation..

There are new changes, I start trading maybe the same as yours in 2015. New altcoins dominate with new projects. Some Altcoins used to always be able to survive and come back beyond the ATH that was ever created. But right now it seems difficult, probably because of the many new Altcoins created. Keeping most of it on Bitcoin is good enough, but we have to have more patience. Bitcoin is quite different from Altcoins, but so far it has been very promising. This condition is also what makes me want to continue to increase the amount of BTC by trading BTC Altcoin pairs instead of multiplying Altcoins. Right now I'm waiting for Bitcoin to reach a new price better, hopefully that happens because we've already reached a new ATH but it hasn't met my target yet. Hopefully this Bitcoin Price cycle will not change.

The bull Run may be suppressed  for most altcoins because money is far spread into many altcoins, that's what you said and you are very correct but definitely there are some altcoins that will pump but because of too many altcoins that are already looking so promising, it will be a  difficult to easily know the coin that can follow the trend of the bull market. I am just trying my luck on too many altcoins.

Altcoins is just for making money, while Bitcoin is for store of value, that's why most people suggest to invest in Bitcoin because it will not disappoint you in the future.

Since choosing the right altcoins is as hard as trading, where only 5%-10% people are successful, that's why people should focus on real life job that have higher chance to be successful than "gambling" (altcoins and trading).

There's always be someone who're successful in "something", just like gambling. Most people know casino has house edge and it's bad for someone that want to make money on there, but there's always a person can beat the house, the thing is it might be only 1 from 100,000 gamblers.

BTC>There is no second best —Saylor.

says the guy(saylor) that promotes another network(lightning)

As everyone knows, at certain times altcoins boom, and when they do that they gain a lot more than Bitcoin because they are tiny. But anytime the market goes sideways or down, altcoins often lose all of their gains while Bitcoin stays at a decent price.

After Bitcoin broke out of the bear market early last year and pumped, there was the normal half-year sideways / slightly down action for bitcoin, but many altcoins lost an enormous amount of their value and went back down to around where they were at the bottom of the market.

And now again, while Bitcoin is consolidating and accumulating for a few months, staying in the $60,000s, many altcoins have lost a ton of value.

Basically, altcoins are ONLY good when the market is actually pumping hard. As soon as the market stops pumping altcoins start dropping like rocks even as Bitcoin is steady. This is why altcoins are very dangerous. You can make tons of gains in a few months with them, but if you are still in them when the pump ends literally all your gains can be washed out while Bitcoin goes sideways. You can be waiting many months for altcoins to get back to where they were, and when they do Bitcoin will be far higher than it was at that previous point. Long term all altcoins go to zero against Bitcoin.

This is why it is best just to stay away from altcoins entirely.

And yes in 2017 altcoins were a lot more successful in that year than they are these days because that was the ultimate retail FOMO bull market. The whole world heard about Bitcoin for the first time and the retail market expanded several times over in the course of just that year. People were FOMOing into not just Bitcoin but everything. Ever since then, or specifically since 2018 when the world (people who had first heard about bitcoin in 2017) experienced their first crypto bear market, people have felt burned by bitcoin and crypto because they panic sold and loss money, or those who didn't get in are too scared to ever get in because "it always crashes". So ever since then, and continuing into the future, retail FOMO is much less intense than that first time people were hearing about bitcoin and crypto and seeing everyone get rich quick. Much more subdued retail FOMO means altcoins have far less interest and when there is a bout of altcoin FOMO it doesn't last long. In 2021 there was a few months of retail FOMO from Musk followers some of whom got into Bitcoin but most just poured money into meme tokens and most of those people will never get their money back. Retail FOMO is gonna get smaller and smaller every cycle. But institutional adoption and TradFi adoptoin is just getting started and will grow much larger, and those participants are going to be mostly interested in Bitcoin, somewhat interested in Ethereum, and have very little interest in any other crypto.

Best to just stay out of altcoins entirely and stick with Bitcoin, or at most if you do trading, briefly trade altcoins for a few weeks once a pump starts and then get out before the pump ends and they crash.

Their is always a reason why they always ask people to stick to bitcoin since bitcoin is like the king and also the one that drives the market for for years we know how bitcoin operates. And no matter how bad the market is bitcoin will always survives and one thing have noticed about bitcoin is how it recovers and other altcoins have to wait for bitcoin to recover before other altcoins follows so for me is still bitcoin for sure.

And if any other person wants to give a try on altcoins is also not a bad ideas but as for me I will continue to go fully on bitcoin. And will continue to accumulate until my goal is meet and continue that way. History is only made reference to because their won't be assurance that what happened previously will happen again. Yeah bitcoin is more secured. Alts can actually go zero ftx  is still one of the examples so when deciding we should know what we are going for.

Yeah, there will always be such altcoins that will achieve huge multiples, but for me, i don't know how big the numbers were previously. Did just a few altcoins achieve this, but so many people then forgot about the majority that failed and started telling success stories with the few that succeeded.

Altcoins are very tricky and i try to stay away from them, even if i know that a few of them can achieve very high prices, but what if all of the ones i buy fail. BTC is just the best choice, for almost every reason.

Hmm well to be honest the reason why the flow of the money is heavily spread this time around is because of new investors coming into the market who are mostly into cryptocurrencies or tokens that can give them huge returns in less time which isn't the case with Bitcoin.
We know that Bitcoin is the best among all the cryptocurrencies existing in the market, but we can't deny the fact that it isn't the best option when it comes to quick profits due to its extremely high value, and when the value of an asset gets this high, it tends to have a slower pace gaining or losing value which is the case with Bitcoin.

So it's natural for people to invest their money in altcoins since they are running behind short term profits and aren't into safety of their funds, mostly.

Or better say the concept of all currencies and this is why Bitcoin and Altcoins are created because Satoshi Nakamoto (the creator of first crypto, Bitcoin) seem to disagree on what Banks' own currency called Fiats has to offer. After the creation of Bitcoin, there are still Devs, or people who seem to disagree with it and that is why Altcoins are born.

It is easy to express their opinions by creating a crypto here because of its nature, or the technology that it is using called the Blockchain. Even though there are plenty of Altcoins, indeed that not all of them are worth it and that is why Bitcoin still continues to dominate even if it's only a single cryptocurrency.

OP, having maximum Bitcoin never guarantees you that you'll end up with the most efficient returns but it supports the newbies with reliability that they won't end up in a rug pull.

Good to hear about past picks, but TBH this is my first ever entry in this cycle as mentioned previously for 3 to 4 years crypto was a part-time learning domain for me, still I'm not a pro but I can pick some strategies and coins to invest and I've tried different thing many were not working some were good enough to make me happy, but currently I'm 70% in Bitcoin, and I'm waiting for a good time to balance my holding with a 50% BTC 25% ETH and the rest in different alts. My portfolio is not so big but yup I'm hopeful to make it big at the end of the cycle.

There's a huge potential in alt coins but due to super crazy trends, I'm a bit confused so still holding Bitcoins as a guarantee of stability.

I don't believe in the potential that so many people see and talk about in altcoins, i consider them to be very risky and only a few provide huge multiples, while most others fail. When i diversify, i buy BTC and things like real estate or gold, i don't really diversify into the altcoin market and i will recommend newbies to do the same, but each to their own.

The issue here is that very often when people think about altcoins they think about the meme coin that pumped 100x and how some people became rich with a small investment, but at least to me, a healthier way to think about them is to average down their growth, so even if a coin out of a hundred made such huge move, the average growth of altcoins will be a negative number, as a great deal of them disappear and many others never experiment any kind of significant growth, showing that on average altcoins are an awful bet.

I like the fact that you made it clear about it being a probability. This is where many fails especially in the period where all hopes are surging high concerning Bitcoin and crypto-currency in general. It's best to easy the nerves of many so as not to create breathing grounds to panic buys.

Let's not be carried away at this time. There has been many activities especially with the new way of mining (tapping Mobile devices) recently many popular by  Notcoin Many has tilted towards that direction.and all this could be a big fluke. But with history the early birds to a trend has the largest cake but yet nothing is promised.

With a maximum bitcoin holding I will say you have a safer landing or a softer landing. In the upcoming bull run I don’t think see bitcoin going way above 3 from the current halving. But Atleast a 2x is kind of likely. Should he not go that far you have your funds in an assets that wouldn’t devalue which is there is no way it is going to a zero. But with Altcoins you are definitely taking a huge risk.

Altcoins has OP said has been far too spread and this means demand wouldn’t be concentrated on most of them. If you look at even the narratives thrown around you will see many divergence. May had there narratives around AI tokens right now the likes of RWA and GameFI coins/tokens are now been considered which wasn’t the case in the past halvings.

My portfolio segmentation is just as pretty as yours, maximum bitcoin and few of the top ten cryptocurrencies as the rest of the main bag. Others can be treated as pure gamble.


I am sure you haven’t heard his latest video after Ethereum got its ETF approved. You should do before affirming for him

There are still a few profitable altcoins that can be found but if we talk about security and risk, that is really the usual concern by most.
That is why BTC is highly recommended, although it was not a high multiplier in terms of profit gain but it surely won't disappoint us. Those who suffer losses from investing in bitcoin are probably for another reason, mismanaging funds and panic selling.

I invest more in bitcoin than altcoins and I don't see any problem with it. It is just how we look into every opportunity that the marker gives us. But if we are investing for the long-term, we should choose bitcoin.

The interesting thing is that Bitcoin has already reached a certain level from which x2 or x3 will take a much longer time. If we take this into consideration, is it not, then, worth it to risk on altcoins today more than the previous years? The catch, however, is that it was much easier back then to make gains from altcoins. Today, it's much harder.

I also used to risk on altcoins. I've made money. I've made Sats. But I think I would have been more profitable had I focused only on Bitcoin. I was into it when Bitcoin still had so much potential in terms of price growth. I got the wrong timing. I lacked foresight, just like many of us, and failed to concentrate on it while it was still so cheap.

While hitting that x100 prospect today is like looking for a needle in a haystack, since Bitcoin can hardly even double, will it be a reasonable venture? Today, I'm lazier in terms of altcoin hunting. I'm also a little bit contented of what I've reached so far. It seems I'm already good adding a few more Sats every now and then.

Yes, but investing has never been about having the most returns anyway; it's making bets with great risk:reward profiles.


Yep. People were totally underestimating how hard it is to pick the right altcoins back then, and it is even significantly harder now.

The problem with most people is they want to just get rich off bitcoin/crypto. Whereas the best thing to do for most people is to just have a normal job/business and use the earnings to stack bitcoin to boost their wealth.

Because the problem at the moment is there's a lot of scams than profitable altcoins right now that's the reason its hard to decide nor trust on which altcoins we are going since we don't know if their projects will continue to prosper and can able to give us good possible returns. That's why same for other people I usually go with bitcoin since from this coin I don't have any worries to experience any rug pull and can able to let it stay on my wallet then aim to sell it for long term.

But if you have chance to gather altcoin thru airdrops then gain profit then its good since we have extra funds which we maybe could afford to lose on altcoins then try our luck their or just continue to accumulate bitcoin then let your participation on airdrops dictate if you can earn something with those alts.

They need to know that bitcoin is not easy quick reach schemes that's why they should never rely on it and your right just use this coin for investment since if they gain profit then provably with that they can boost their wealthy by the help of their bitcoin earnings.

there are altcoins and there are also bitcoins, but of course there are many who like bitcoin, but there are also many who like altcoins and of course there are quite a few who get big profits from altcoins. However, many of the profits from Altcoins are also used to buy BTC and it seems like what you are doing is a good thing because BTC is a valuable asset and so far no one has been disappointed with Bitcoin while holding it in the long term.

It is certain that when compared with the past such as 2017, the number of Altcoins can still be said to be small, so it is not surprising that the price always rises high at that time and lasts for quite a long time. but in my opinion now we definitely have to be careful because buying Altcoins now has to be really calculated and of course the price is not what it used to be because now the price is always being pushed down because there are so many Altcoins now. Yes, of course in this case it depends on us who chooses.

Yes, I agree with what you did. The point is that Bitcoin is currently the safest and of course altcoins don't necessarily guarantee us big profits because of the big risks, but Bitcoin has so far provided many benefits for those who are patient.

I have never been one to state what percentage of a person's income, investment or crypto holdings should be in Bitcoin, but I have always maintained that more percentage of crypto holdings should be in Bitcoin. I can't give a number because there's no definite percentage of how much of it should be in Bitcoin and how much should be in altcoins. Each person has to do what is best for them, but what we can agree on is that more concentration should be on Bitcoin.

Like OP said, there are just too many coins and tokens out there, you can't even keep track of half of them if you wanted to. It's as if more tokens are introduced every single day. This may in turn make it impossible for every coin to grow during the bull run because the people will diversify their investments which would affect altcoins generally.

Honestly this just made me second guess myself lol. The thing is I have been an altcoin fanatic ever since I made bank back in 2020, but historically I made millions thanks to the bitcoin ATH back in 2016. This bull season I was thinking of doing the same thing, invest a couple on bitcoin just to keep my foot on the door and I don't lose out too much cause bitcoin, and then most of my assets are diversified to whatever is the hot shit in the bull season. This year I'm putting my bets on RWA cause I just like the concept of having a "collateral" which will make sure projects just can't run away whenever, but I might pull out or invest more on bitcoin from here on out. Altcoins are risky and taking that risk when the whole market's diluted as you're saying just do not make sense at least for me.

It's not even the scam or not-scam argument — even if everything is legitimate(it's obviously not), it's just the simple fact that there are so many more altcoins today that everything is diluted.


What specifically doesn't make sense in your opinion? Never said that altcoins weren't risky.

I buy into your idea as I could notice some fact in it, back then in 2017 the numbers then and now aver very much different and  that is something we cannot make disparities about, if the market experience a massive bull run and is to push everything up along most definitely the investment into other Altcoins that would have helped them move with the wave has literally be spread amongst other new coins,/tokens been introduced in the market a d so the chances that this works as it should becomes slim or more likely the profits gets less than expected because the pool is now bigger and the investment ahs generally been splitted across board. Bitcoin still remains the best pick and stable for most crypto investment and for that reason I see Altcoins as gambling so I make sure to major in bit coin alone.

There are been times whereby we see some altcoins performing than bitcoin could attempt to, but that doesn't mean that the way they have taken to rise to such expect they wont still take same in coming down, the fear of missing out is what people are being scared with some of these altcoins, bitcoin market cap alone is far fetched compared to all altcoins we have, we may not be able to predict on what the future can have to offer us but we can also uses what we have now in predicting against the future offers, bitcoin is what we have now and we cant expect any other for now except there be such which can beat the market volume and capitalization of bitcoin.

Indeed there is no second best, even the king of altcoins is nothing compared to bitcoin its market cap and price is not upto half of that of Bitcoin. Hence Bitcoin has over performed and dusted all cryptocurrency. Most investors compare Bitcoin with tokens and meme coins but they forget that most of those project only last for a short duration of time compared to bitcoin that has lasted for over a decade now.

While you are right, going down 100%-ish is also near impossible for bitcoin while it is quite possible for most alts, there are only just a very few alts that people can say won't go away, whereas most others could just be gone. This means that when you invest into bitcoin, you may not get rich overnight, but you could make a lot of money from it.

Plus, we are talking about all time high not getting broken by 10x, but you could always make 10x from bitcoin as well. How? Well just last year or the year before that I think, we bottomed at around 15-16k, that means if we reach 150k that would be 10x return from the bottom. So if you end up finding the bottom and invest accordingly, then you are going to be fine in the end.

That is a fact. Although many investors want to compare any other coins to bitcoin, it is still impossible for a new coin or other existing coins to match the power of bitcoin. But although bitcoin is the sure thing, we can also take advantage of the other cryptocurrency out there, especially those coins that have the potential to give us profit. I get that focusing solely on bitcoin can be beneficial and is the right thing to do if you want to secure some good profits, but in order to have incomes or profits while going long-term for bitcoin, you will need those altcoins, meme coins, or even shitcoins if you know how to do so. For me, I majorly focus on bitcoin, but if there's a chance that I see other coins with a good chance of profit, I will take a risk with them, and so far, I only have a few losses when it comes to meme coins and shit coins.

Dang! I was one of them, I am really thinking the same this because I experienced the 2017 parabolic run we did where everything just went up and since last year, I have been expecting to happen it again.
I'm just glad that the majority of my bag is in Bitcoin, and I just realized, I should've put it all in Bitcoin because I computed, I should've gained more if it's on Bitcoin.
Anyways, lesson learned, this time I improved compared to 2017.

Update: Quite lucky with the timing. I started the first batch of my shorts(L2s) on the 28th of May, while at the same time having an equal amount of longs with majors(BTC/ETH/SOL, mostly BTC. only have a smaller amount of ETH and SOL as a bet on the ETFs).

As of today, the L2s are down bigly while the majors are just down slightly(except for SOL). Up quite a good amount; will continue holding my position.

https://i.ibb.co/cCQ5CVF/image.png

I have also noticed that during these two last years, the altcoins are not getting much attention, some of them will never recover from their peaks. This next year we might see a shift in the altcoins behaviour

When you talk of a shift, do you mean a positive or negative one?

As far as i know, altcoins have always had the problems you talked about, a few of them pump and dump, and from there they do not rise again. Now that there are more altcoins with every passing moment, it becomes even more difficult to get lucky and find the ones that will generate you any profit, that's why a lot of people rightly say that investing in altcoins is similar to gambling.

These values outside bitcoin are very unpredicted to know if it will come and very risky. Normally the value of is unpredicted but it is certain that value can be obtained at anytime, but in altcoins I think it is different.  Their is no much different between altcoins and gamble,  I think with the experience I have with altcoins I don't think anything will make me to take altcoins serious for me to invest my money because values in altcoins are no certain, it is very possible to even lose all money in invested in altcoins. 

Bitcoin is always the home of value, no matter how people try to get this value outside bitcoin at the end they still turn back to bitcoin to look for good value.

Altcoins investment will only be right and profitable if you are investing in the right coins. But even so, it’s still hard to chose the right altcoins these days as every new project that is born in the market claims that they are legit and profitable, when in reality altcoins in general are not that profitable anymore these days.

That’s why it’s not surprising to see people shifting into bitcoin and invest into bitcoin at a maximum level. Although diversification is still the best option, but you can always invest in bitcoin and outside cryptocurrency like stocks and real estate, there are still high probability that you will end up successful.

There's nothing wrong in diversifying in alts, from my personal experience as I already said Bitcoin is the name of reliability in this volatile market on the same time alts are something where you can try your luck based on your strong analysis and I've seen and made some decent returns form the alts, yup there's high risk but as an investor, you should know no risk no return high risk high potential return.

I have to agree that it’s quite difficult to achieve good profits with altcoins, that sometimes you tend to think that it’s more than luck like gambling than real investing. But if you eventually hit the right coins and invest in it, rest assured that you will make some decent profits that would sometimes exceed your bitcoin expected profits. However, this is rare to happen now as most of the new altcoins that are out in the market have turned into fake ones, thus sticking into bitcoin is what the majority are doing in order to avoid more losses from altcoins.

I stand to be corrected but I don’t think the Altcoins attention will ever die off as long as there is this narrative that with cryptocurrency you can get a 10x 100x and more. Many people have definitely come to realization that this pump will never be experienced in bitcoin in a short time so they will definitely move over to alts. Yes many Altcoins can continue to rug pull people will just simply move from one end to another.
Let’s take a look at the most risky category which is the memecoins, there are many rugs they yet the number of tokens created in this category is Over a million in a week. Many feel they can get the right one by moving over them. One thing that I am certain the Altcoins will lose is the little domaince they have now. Bitcoin can close the dominance date value to something like 60% if the FUDs around Altcoins continue

I think, Bitcoin investment is the best investment that gives investors hope of making a huge amount of income when bullish season arise in the market which many investors has experienced the favourable of Bitcoin in their investment. Converting your altcoins to Bitcoin before you can trade in the market, I think is a good strategy that will allow you to maintain a good income in the market, because whenever the price of Bitcoin is increasing in the market other cryptocurrencies price will be increasing too which it always bring a high  income to those that have the opportunity to hold at the moment. I don't think, I will allow altcoins to draw my attention away from Bitcoin investment, because I have seen many reason to remain in Bitcoin investment to continue increasing income.

Yes it's actually true that their is always an alt coin or meme coin that is going to do 100x or even 1000x for you, but how are you going to know the right pick? Bro, to tell you the truth, the higher rate at which various coins are in the market today, it's very clear that most of this developer just came for the money, they actually don't give a f**k of what's happening to their coin, they are more interested in the money, and during this upcoming bull run, just as the op has rightfully said, not every coin will rise, some will even deep further, because, once the money of investors are spread across all asset, their is a very high possibilities that not every coin that investors will invest into, and they will definitely shrink in value during the bull run and even more, after the bull season.

So it's very important to focus mainly on Bitcoin because it's actually the real deal, because once you invest into Bitcoin, you are very much certain that when the bull season comes, you are definitely going to reap what you sow earlier, and you will definitely be rewarded, but for those people that loves to gamble, my advice to you all is that, if you must gamble, gamble like only 10% or any amount you can afford to lose on any shit coin or alt coin, so that even though it doesn't goes your way, you actually wouldn't be brothered by the loss you may have.

You're not the only one with a deteriorating attitude towards altcoins. Most likely, this reaction is widespread among the crypto community. Lately, one can only read news about projects going down one after another, and also tends to shave hamsters all the time. Only a small number of those who have something from alts. This has become the norm in recent years. It's already taken for granted. If the process continues at the same pace, we will all rely only on those projects that are in the top 10 list.

we all already know that even in a bull run not all altcoins will be successful. Especially now that bitcoin’s performance
is not doing so good, once it comes back up there’s still no guarantee that one coin will rise by the time bitcoin does.

betting on new altcoins has its advantages but it is true that it will be harder to see those new projects bloom but i
think if you choose carefully you can make some good profit.

I'm not also into altcoin, but from what I understand, it's going to be cyclical. From the get go, ICO-IEO-IDO and what is the next hype, for sure there are investors who are going to make money x100 or even higher and we have seen this already.

But the thing is that it's risky for us, specially if in the beginning, we fell in love with Bitcoin and that is the only coins that really give us good profits. Some might divert, but for sure it will only be in the top 10 or top 20 altcoins. I have nothing against those who take risk, but for some, not worth it and so we can only stay with Bitcoin.

Update: so far so good as the trade is going well. Long majors(+TON), short L2s, and a few L1s that are pretty dead in terms of activity.

Currently up 200% ish. Will my trade continue to go well? Maybe, maybe not. Let's see.

List is sorted by position size.

Obviously, red = short, green = long.

https://i.ibb.co/NVxhspv/image.png

Investing in altcoins is like gambling only if you are investing with your eyes closed and without doing proper research about the project you have chosen. I know that the market is highly saturated and new projects have taken the market by storm, but if someone does proper research about all the newly launched altcoins and their projects, they can determine which ones have the highest potential to generate good profit.

Most people consider meme coins altcoins and invest in them, and when they lose money, they say investing in altcoins is like gambling, I mean, did you even know that meme coins are something completely different? Yes, they have the characteristics of an altcoin because they are created as them, but most of them don't have proper projects backing them up.

Have you asked yourself how do you affirm that an altcoin is the right one to invest in? I do not know much but the little I know and I have come to realize is that only Bitcoin has been 90% confirmed to be the right cryptocurrency to invest in not minding the investment risk in general. All investment has risk but some investments are bound to bring profit and Bitcoin is one asset I know so well that so many have invested in that has brought profit to investors for years now.

It is preferrable to invest in Bitcoin aggressively than investing in altcoin at all. One can give you profit in the long run and has the tendency to dump and degrade to zero in value. Which would you prefer?

As the crypto industry is fast growing, so are things gradually changing and investors in the Industry are becoming more aware with their choices of investment portfolio and this bull run more like a utility case bull market because likely majority of the cryptos that we saw did well last bull market are very far away from their ATH and may not see their ATH again, but Bitcoin has done incredibly well in terms of recovery and also creating a new all time high, This reason alone is attractive to investors let alone many problems that Bitcoin has come to solve, I'm only holding about 3 altcoins in my portfolio and more exposed to Bitcoin.

Memecoins are for fun at least what this website  (https://coingape.com/education/meme-coin-vs-altcoins/#:~:text=Altcoins%20are%20all%20the%20alternative%20cryptocurrencies%20to%20Bitcoin.,than%20Bitcoin%20%28BTC%29%20and%20Ethereum%20%28ETH%29%2C%20as%20altcoins.)thinks it is. I agree with your point that without proper research investing in altcoins is like gambling but I also agree with the Z-tight as well. Because some projects are so good to be true that its difficult to differentiate if they will give us profit or not. I am not speaking out of my experience because I don't have much with alts or meme coins yet but till now I have read a lot about these two.

I have seen a lot of videos on Instagram where people are sharing there success stories of making millions from meme coins. I think meme coins are risky but they might be the last option for those who either want to gain it all or lose it all because I also read in this forum's gambling section that gambling also require research for example a person who have good knowledge about support have better chances to win gambling in sports or that's bet? Bet is also gambling or isn't.

Even in 2017, it wasn't all in unison. Top currencies largely followed the trend, but there were always tons of currencies living through their own pump-and-dump schemes or simply being outliers for other reasons. And then we had 2021, which I don't remember well in terms of Bitcoin-altcoins correlation because I stopped paying attention to altcoins at that point.
Another thing that will be different is the profits, of course. In 2017, BTC went from $1k to $20k. But the market capitalization is already very high, so it's much harder for Bitcoin to grow on a similar scale, and even a 2x profit would be impressive at this point. As for altcoins, perhaps some of them still have a chance of significant multipliers, but finding them won't be easy.

I can guarantee you that the long term value of the altcoins will drop, maybe this is the highest they will ever go. So if you have not cashed out and want to watch them like an experiment, by all means do so.

Just that there have been many other sore traders who tried to do the same and got burnt. The same people keep saying that they would have made much more had they invested only in bitcoin.

The key to making money from altcoins is to get in early and get out early before the doom hits. Bitcoin will always be the opposite, long term gains.

No matter how likely these listed coins(or most altcoins in general) are to drop, there are absolutely no guarantees. If it was guaranteed, then people would've been successful with shorting things. But alas, it's a lot more complicated than it looks. There's a reason why I had longs on BTC/ETH/SOL/TON — and it's to act as a hedge if everything goes up.