Do we really need to hold altcoins

[Iyanu14]

Someone told me it is better to hold btc rather than altcoins that she doesn't see any reason why people hold altcoin. She noticed altcoins rely heavily on btc that whenever btc fall they also fall with btc. What is your take on this?

[udayantha11]

from my 1 year experience on the crypto currency. i always keep alt only. alt is very good investment compare to btc. if we need to invest on btc , we have invest lot of. but in alt we can start with little money. if you find potential alts you are rich.
these days my picks are

PRL
ZIL
SENC

[panjay]

if you someone who likes to just invest, bitcoin will be the king today and almost in the future. So throw your money at alts riskier than BTC. But if you someone who wants to get more BTC, you should trading ALTS. I mean alts by design is to make more BTC. well, dyor and this not an investment advice.

[Mt. Dempo]

I have only been in the crypto for a few months, during which time I see that bitcoin is still an indicator and can affects other alt, whether it will go up or down. I am also not good at researching and choosing an investment, therefore I only hold the bitcoin and alt popular (top 10 alt in cmc).

[Ridwan Fauzi]

For an investment you are free to choose bitcoin and altcoin because that will be worth. I'm not going to decide that this good coin or that coin is not good, it just makes me a fool. But that make me a strange is, someone who come and investing in cryptocurrency they just choose bitcoin only for an investment, they just altcoin only for an investment I mean they didn't choose bitcoin. But I have a confidence for those people who came to this world they will have invested on altcoin and bitcoin.

[MadGamer]

From the thousands of coins and tokens that exists, probably 5-10 that are usable for a specific reason and no, CoinMarketCap is not an indicator of how useful a coin is. For example, Bitcoin is a must to hold while BitcoinCash is simply a shitty fork regardless of its current price. Ripple is centralized and It's unlikely to go anywhere in the near future and so on..

[Nekrasova]

Alt  is very Good Investment, so it is good to hold

[Pearls Before Swine]

probably 5-10 that are usable for a specific reason

I'd say it's even less than that.  Bitcoin itself barely gets used for anything that resembles real commerce.

ETH?  Never owned it, and I'm not sure what it's good for other than ICOs
LTC?   It's always been silver to bitcoin's gold, but does anyone really spend it?  Doubt it.
DOGE?  Nope.  Nobody spends it and very few places take it, and you can't earn it.

And there are a whole bunch of similar coins of varying popularity.  What they all have in common is that people buy and sell them for the sake of doing so, and they serve no economic purpose.

No, you don't need to hold altcoins unless you want to be one of the cool kids.

[Vanester2014]

It depends on you if you realy want to hold your altcoins no ones bother you about that. If your see that you already earn a good profit then why not, the main reason why i am holding my altcoins since i dont have  a good profit yet so i will hold it and patiently wait for a good chance to sell in higher price as i can earn a good profit.

[HALLASTERA]

I think only 2% of all altcoins grew up in the proportion altcoin/btc. I think you must hold some of them for get more profit than in bitcoin. In my portfolio one, two stable altcoins and bitcoins.

[Arroware]

my opinion Altcoin price depends on bitcoin price, for me both also very good we get better income, moreover you can do trading for me You will more easily make money in a short time. if for me want to hold bitcoin in long term very good us by waiting for higher price.

[ICO Lancer]

Someone told me it is better to hold btc rather than altcoins that she doesn't see any reason why people hold altcoin. She noticed altcoins rely heavily on btc that whenever btc fall they also fall with btc. What is your take on this?

Depends on the altcoin of course. I think the top 10 or so coins are definitely worth holding.

The more small and volatile coins, you might try trading those or shorting

[Xclusive5]

I respect her opinion but what I see is that there are some altcoins that have more usage than bitcoin and they have the potential to grow in the future. My conclusion is that its ideal to hold bitcoin and other good altcoins.

[Red-Apple]

nobody can deny the fact that if bitcoin falls, altcoin will fall too and some of them  will fall even bigger.

so the real question is why do some people think if they hold altcoins they are diversifying? diversification is true only when you are investing in something that does not rely on the same thing you have already invested in.

on top of it investing for long term is only good if you are investing in something that has a real future not speculative one. altcoins are pure speculation and because of that their future is very risky.

[mylyn2327]

It depends on you it's your own free will wether you don't want or invest in alts. There's many potential altcoins so for me it's okay to hold alts, I myself holding alts and I can say it's worth holding for.

[kier010]

Someone told me it is better to hold btc rather than altcoins that she doesn't see any reason why people hold altcoin. She noticed altcoins rely heavily on btc that whenever btc fall they also fall with btc. What is your take on this?

we don't really need to hold coins but because we want to earn profit we want to hold altcoins. well it is true that altcoins are dependent to bitcoin but there are altcoins that give you more profit by holding them. altcoins give more options which can give you more profit if you choose the right one.

[Btcalimie]

Someone told me it is better to hold btc rather than altcoins that she doesn't see any reason why people hold altcoin. She noticed altcoins rely heavily on btc that whenever btc fall they also fall with btc. What is your take on this?

Yes, you are right but I think altcoin can give you multiple times of profit even if it relies on BTC.

[sunX3]

I think if you really believe in the altcoin and the project, then yes, hodl.

If not, then you can try to trade and exchange for more profit.

[deghpulsa]

it is true alt price depends on bitcoin, if you have a lot of money you can use it for bitcoin investment but if you have little money, you can use it to buy altcoin and if you want a long term investment then dogecoin is a good investment and has great potential with very low price less than one dollar.

[liivii]

It all depends because for me altcoins have two categories, those major coins that is good for long term holding like what we do to bitcoin while the other altcoins are just for day trading. By separating those altcoins you will know which are belong to major coins and they are ethereum, bitcoin cash and other known altcoins that are on top of the market as of today. And if you are a day trader I know you have idea what are those coins that's good just for short term investment and not for holding for a long time.