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Author Topic: We should start looking into Altcoins  (Read 477 times)
Adreman23
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December 02, 2023, 12:42:51 PM
 #61

While historical patterns show Bitcoin pumps often followed by altcoin pumps, it's crucial to acknowledge the inherent risk. Making informed decisions involves understanding when and which altcoin to leverage. Mistakes can happen, such as anticipating the end of a Bitcoin pump, investing in an altcoin, only to see Bitcoin continue its rise, causing the altcoin to decline.

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December 02, 2023, 01:05:49 PM
 #62

While historical patterns show Bitcoin pumps often followed by altcoin pumps, it's crucial to acknowledge the inherent risk. Making informed decisions involves understanding when and which altcoin to leverage. Mistakes can happen, such as anticipating the end of a Bitcoin pump, investing in an altcoin, only to see Bitcoin continue its rise, causing the altcoin to decline.
If you look at the charts of altcoins and bitcoin, you can see that bitcoin grew first, and altcoins started to grow a bit later. But there are some coins that have shown very good growth, such as solana. Even Ripple was able to grow despite their difficulties. I think that soon the other altcoins will start to grow too.
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December 02, 2023, 01:19:00 PM
 #63

Another two-liner without coming up with a conclusion is why anyone should look into altcoins without providing reasons. I somehow do not understand why should anyone create a topic just for creating a topic without putting any reason to the argument.

Coming back to the topic obviously, everyone who cannot afford to buy 1 BTC or 0.5 BTC should look into alternate options. I agree we should look into coins/tokens that can make us rich.

Writing a two-liner for the mods to come here and delete this topic, which eventually won't happen  Grin

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December 02, 2023, 04:23:50 PM
 #64

The Liquidity pouring into BTC will eventually start pouring into top altcoins and we can already see it happening with likes of $SOL , LINK , $INJ etc making massive moves !

The obvious play here is to learn and leverage on top altcoins to buy

Indeed, the liquidity that flows into Bitcoin may subsequently be distributed to the top altcoins, and coins such as $SOL, LINK, $INJ, and others may see significant growth. This is because investors, having profited from Bitcoin, may decide to diversify their portfolio by investing in other promising assets.
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December 02, 2023, 05:41:37 PM
 #65

How can we see it happening when it "eventually" starts pouring to the top altcoins? What's your evidence for it?

Does a 2.1% rise in price (at the time of posting) of SOL mean that it came from BTC, of the volume?
Does a 1.5% rise in price (at the time of posting) of LINK mean that it came from BTC, of the volume?

It's hard to determine where it came from and we need to verify it at times. It's best that you find ways to show why it is happening and if it already happened.

I think if I could speaking directly to what op is saying is that he is trying to figure out that the increase in bitcoin this moment is what giving those coin listed a positive movement, and like I sense to be whenever the market terms to Green all top coin that follows the directions of bitcoin also gain more energy to change in price.
There's nothing much affecting those coin he speaking in particular just a little but still that shouldn't mean we won't look into reputable coin other than those he listed we can as well acquire more BTC at this moment because the price currently shows a good signal that BTC will hit unpredictable price.

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December 02, 2023, 06:06:46 PM
 #66

There is no certainty that it will happen, even though if we assume it will happen for sure still we don't know what coin so we need to choose multiple coins and hope that the surge in BTC prices will reflect on them too. It isn't smart in my opinion. If you feel bitcoin is moving then the better choice is to invest in bitcoin and hold it until it reaches your goal price.

You should never invest in crypto just because the bitcoin is bullish and if you really want to take the risk then its purely gamble and odds are pretty less on your side.

Surge in bitcoin can cause surge in altcoins but don't forget that all altcoins are not going to increase in price because in such circumstances there will be more coins releasing for getting cash because all originated coins are not trusted but some of them become scam after gathering of money from people. Investigation under such condition is must therefore choose those coins which are older like Ethereum and bitcoin.

Bitcoin investment can be done easily as there is a clear history in front of us which suggests that no other coin can ever take place of bitcoin. Altcoins are risky investment but as bitcoin will increase so trustworthy altcoins can also move according to such effects therefore hold altcoins like Ethereum and Link.



 

 

 

 

 

 


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December 02, 2023, 06:14:21 PM
 #67

Don't compare bitcoin and altcoins because the only safetyfull and high return profits investment in bitcoin. Another think your investment is very expensive safety in bitcoin but if you want buy altcoins then you should start buy from starting of bull run. So no need to mention a coin because here in different investors community who like different coin.

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December 02, 2023, 06:57:13 PM
 #68

While historical patterns show Bitcoin pumps often followed by altcoin pumps, it's crucial to acknowledge the inherent risk. Making informed decisions involves understanding when and which altcoin to leverage. Mistakes can happen, such as anticipating the end of a Bitcoin pump, investing in an altcoin, only to see Bitcoin continue its rise, causing the altcoin to decline.
Altcoins are very profitable and one of the ways we can make profits from the is when we invest in them. Altcoins can give more profits than investing in Bitcoin. We don't need to underestimate any project or coin because we don't know what could happen next in the market wonwe must be ready to buy and hold for when the right time comes for us to make profits from the market.
There are people that had made huge profits from altcoins than Bitcoin so we don't need to be blind ignoring the opportunity we might get investing in altcoins.
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December 03, 2023, 10:19:19 PM
 #69

While historical patterns show Bitcoin pumps often followed by altcoin pumps, it's crucial to acknowledge the inherent risk. Making informed decisions involves understanding when and which altcoin to leverage. Mistakes can happen, such as anticipating the end of a Bitcoin pump, investing in an altcoin, only to see Bitcoin continue its rise, causing the altcoin to decline.
Altcoins are very profitable and one of the ways we can make profits from the is when we invest in them. Altcoins can give more profits than investing in Bitcoin. We don't need to underestimate any project or coin because we don't know what could happen next in the market wonwe must be ready to buy and hold for when the right time comes for us to make profits from the market.
There are people that had made huge profits from altcoins than Bitcoin so we don't need to be blind ignoring the opportunity we might get investing in altcoins.
However you cannot blindly ignore the risks of investing in those coins either, it is true that there are many people that have made way more money with altcoins than what they could have made with bitcoin, but we must not forget there is way more people that lost everything or most of their capital, and their losses are so severe that it will take nothing short of a miracle for them to recover the money they have lost, and this means that unless you are completely sure about your strategy and the altcoin in which you invested then it may be a better idea to be more cautious when investing in those coins.



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December 03, 2023, 11:43:35 PM
 #70

The Liquidity pouring into BTC will eventually start pouring into top altcoins and we can already see it happening with likes of $SOL , LINK , $INJ etc making massive moves !

The obvious play here is to learn and leverage on top altcoins to buy
For long term? Why will you only hunt if the price has started to rise? Is it because you are worried when the price drops more than this? Hmmm, actually for some of the top altcoins, we were able to pay them in installments from the really bearish period at that time because the prices were still really down. but for now it has started to rise. If you want, just do it, but make sure it is a top koi that really has potential. Although there are no guarantees, some coins seem to be worth it. Like ETH, BNB, Matic, SOL, ADA and XRP. But this is not financial and investment advice. DYOR so you don't regret it. But actually, focus also on Bitcoin because this is the main thing

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December 04, 2023, 05:36:52 AM
 #71

How can we see it happening when it "eventually" starts pouring to the top altcoins? What's your evidence for it?

Does a 2.1% rise in price (at the time of posting) of SOL mean that it came from BTC, of the volume?
Does a 1.5% rise in price (at the time of posting) of LINK mean that it came from BTC, of the volume?

It's hard to determine where it came from and we need to verify it at times. It's best that you find ways to show why it is happening and if it already happened.

I think if I could speaking directly to what op is saying is that he is trying to figure out that the increase in bitcoin this moment is what giving those coin listed a positive movement, and like I sense to be whenever the market terms to Green all top coin that follows the directions of bitcoin also gain more energy to change in price.
There's nothing much affecting those coin he speaking in particular just a little but still that shouldn't mean we won't look into reputable coin other than those he listed we can as well acquire more BTC at this moment because the price currently shows a good signal that BTC will hit unpredictable price.
It should be considered that a lot of altcoins are being driven up because of their exchange rates with BTC. It's more likely to increase in price and that's a good thing for us in general. Quantifying on the other hand would be even more problematic.  Shocked

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