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Author Topic: is it stupid to buy alts with bitcoin now ??  (Read 930 times)
SenSeiSoKo
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January 23, 2018, 03:37:39 AM
 #41

No its not stupid because alts can be good or not good so it is not stupid at all maybe there are altcoins which are better or not but there are high risks too... some bitcoin is good and should be Hold but alts are good too
The_Dark_Knight
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January 23, 2018, 04:58:53 AM
 #42

It is ironic, because since January the 4th (when this guy posted this) i made more than x3 of my entire portfolio until the last four days when everything go down by more than 30%..

But yes, maybe this is true, but altcoins are being extremely profitable right now.

Just look at the charts of all the altcoins, they all have been super bullish
Don't buy altcoins now. All of them are pumped and will come down once bitcoin makes its next run.
ETFs, Futures and upgrades are in store for BTC in 2018.. so far that's what we know of. BTC will pump guaranteed and altcoiners will dump to take profits and get into BTC for the rise.
While bitcoin is the most profitable investment ever in the world of cryptocurrencies, it went from zero to an all time high close to 20,000, the truth is that  for most people wanting to get profits by trading or investing it does not make sense to invest in bitcoin, the profits are in altcoins, you just have to look at the previous year BTC was close to 1000 and it closed at 13500 a 13.5x increase while ETH went from 8 dollars to 750 dollars a 93.75x increase.
Bybox
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January 23, 2018, 05:01:50 AM
 #43

It depends on what altcoins you would like to buy because when Bitcoin price recover some altcoins will follow. While other altcoins will not recover with Bitcoin. It is therefore very difficult to predict which one you should buy when the Bitcoin price is low.
IMAR
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January 23, 2018, 05:49:31 AM
 #44

I don't think it stupid to buy Alts now with Bitcoin as long you know the Alts you are buying. You have to study the project and the background of the company. If you knew its legit and the project has huge supporters and it is valuable, then go ahead.
grchina
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January 23, 2018, 06:07:16 AM
 #45

Probably it is as many altcoins had pump in the december and are close to their all time highes compared to bitcoin,we saw what happen when bitcoin went on a bull run and we would be off much better if we held our bitcoin then investing in altcoins.I would much rather have and trade only those altcoins that i can sell directly to $ like neo and etc
Ingoats
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January 23, 2018, 06:22:14 AM
 #46

With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars  Tongue
I think it is, since Bitcoin's market value at this moment is falling and we all know that its market price will eventually. It is more advisable to invest with the use of fiat since Bitcoin is a better investment than Altcoin, but this is only based on my perceptions as an investor. But if you are sure that it is reslly a profitable investment, you are free to do so since that is your money in the first place.
Marioboro
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January 23, 2018, 07:45:06 AM
 #47

is it better to do long trades rather than day trade? or would you suggest doing both at the same time for maximum profits?
jilsaya
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January 23, 2018, 08:07:02 AM
 #48

It depends on the altcoins you want to buy. If you choose some solid project, I think you can make more than if you are just holding bitcoin. But make sure to spread your investment. I think ETH, Waves, NEO are some really safe bets, ELIX and PRL are also some nice opportunities imo.
But make sure to research your projects and only invest in those that you see useful long term.
mpeis007
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January 23, 2018, 08:29:29 AM
 #49

It depends on the altcoins you want to buy. If you choose some solid project, I think you can make more than if you are just holding bitcoin. But make sure to spread your investment. I think ETH, Waves, NEO are some really safe bets, ELIX and PRL are also some nice opportunities imo.
But make sure to research your projects and only invest in those that you see useful long term.
Due to recent market dips you can get lesser known, lower cap coins with potential for 50-70% off their ATH prices so those (especially the ones that had the bad luck to be released in the market after January with all that was going on) are prime candidates to pick up and have better returns in comparison to the heavy hitter coins when the market cap is bullish but in a reserved way.
n0ne
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January 23, 2018, 08:52:50 AM
 #50

Everything is purely on one's own decision. At present the market is unpredictable to cent percent and so never go on anyone's decision. If you prefer altcoins would profit good, then move towards it and if not stay on bitcoin. The end result can be found only when the market becomes stable moving towards growth.

kualalumpur
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January 23, 2018, 08:57:24 AM
 #51

Everything is purely on one's own decision. At present the market is unpredictable to cent percent and so never go on anyone's decision. If you prefer altcoins would profit good, then move towards it and if not stay on bitcoin. The end result can be found only when the market becomes stable moving towards growth.

yeah, market is very unpredictable at the moment... I wonder when the market will stabilize...

I think there are a lot of new altcoins that have the potential to x10, or maybe x100... while I'm not sure BTC will had a x10 in the near future...

when the bitcoin goes up the Alt follows it.

Yeah, and at this time, BTC is very fluctuative in price, alts had the sampe impact, I really hope market will stabilize soon
yua_na
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January 23, 2018, 09:00:11 AM
 #52

Its more like smart person if you buy altcoin when the market bear like this. But dont forget to average. Dont do all in..at this situation we need a good strategies for daily trade. Because we are in the bear market. I hope im wrong and if i am wrong bitcoin could goes to $100k the end of this year.
semarmesem195
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January 23, 2018, 01:54:45 PM
 #53

With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars  Tongue



I just think very much in pity, if Bitcoin is already held for a long time and now the price is being crashed so people are choosing to exchange their Bitcoin into Altcoin because it sees a significant price difference. I am just a little bit wondering it will not be disappointed when we see bitcoin prices will soar again?
Yeah .. everyone has hope with what they have in order to get better results, but if the opportunity is actually making us lose, then is not it better to ignore it.
For example if you have 10 Btc and you will swap some into Alts (eg 4Btc to Alts), then you still have 6 Btc and 4 Alts by comparison Btc : Alts = 10 : 1.
Well .. If price Btc and Alts down simultaneously (down 10%) then it is better to have Bitcoin than Altcoins.

This is just my assumption. Do not take it too seriously.

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whirlcoin
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January 23, 2018, 02:13:22 PM
 #54

I don't think is a stupidity because altcoins can give us good profits in short term so it is a right thing to do now in my opinion.But not the altcoin which is rising now won't last too longer so it is very important thing to find out which coin is gonna make that quick bump, probably no one knows so its just like gambling the person who is lucky enough will get the right coin.
But I am not jumping from bitcoin to altcoin because I still have hope on bitcoin price and it will recover soon from the current price crash.
Pasnik
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January 23, 2018, 02:26:11 PM
 #55

Buying alts is not stupid because there are more bitcoin users that are into buying and selling altcoins. Also, we couldnt say it's stupid when in fact you can earn profit in altcoin. It can make happen ofcourse when you choose the worth altcoin that has the potential to become huge the price.

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sehoon
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January 23, 2018, 09:34:37 PM
 #56

No. As long as you buy the best altcoins and earn a profit in the future, that's good. And also, with bitcoin's value right now you can buy a lot of small altcoins. You'll become a millionaire if you invest in the right coins.

Loveydovey04
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January 23, 2018, 10:23:11 PM
 #57

For me buying alts is also taking chances and risks. You must be very good in studying the quality, background of that alts could have  a big potential in the market because some ready do have good potentials and if you are lucky enough it could give a good return. Why not? It is your bitcoin you alone can decide on what to do with it.

5ensei
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January 23, 2018, 10:33:57 PM
 #58

This is a tricky one. I would say buying alts is a better investment because both are going to rise and if you pick the correct alt then it will rise faster than bitcoin. The trend of alts falling when bitcoin rises is under normal conditions, but now the market is in freefall so in this situation both bitcoin and alts will rise at the same time as more cash gets pumped into the cryptosphere. Bitcoin however, is never a bad investment at any time Wink

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January 23, 2018, 10:43:06 PM
 #59

At a time when Bitcoin's rates have fallen sharply, Altcoins will also suffer. You should invest in Bitcoin and Altcoins at that time because the price of the cryptos will increase rapidly over the next few weeks. The coins you should spend in are BTC, ETH, USDT because they are the most stable coins and will quickly rise when the market recovers.

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January 23, 2018, 10:49:40 PM
 #60

Nope, i just received a payment of 0.10 BTC a few hours ago and i used all that money to buy Quantstamp  Grin Grin

I am feeling so glad about that.. I really enjoy buying altcoins, it is like a hobby for me, seriously, i think that i am a little bit addicted to buy them.
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