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Author Topic: Satoshis or lots of alts  (Read 123 times)
Gloverwrt (OP)
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September 21, 2018, 09:08:16 AM
 #1

So often these days we see people complaining about the price of bitcoin and how they missed the train. And they choose to go for alts and speculations with lower value and lower market cap.

Which matters most, Quality or Quantity?

You can invest in bitcoin with very little money, and you'd be getting a quantity of satoshis. That same amount could give you loads of cheaper coins.
Bitcoin is unlikely to suddenly jump and go 2 or 3X but it's a stable currency and a valid investments for the long-term.
The lower alts and speculations are cheaper and with their low market cap they can easily jump in price. But they are less stable and prone to sharp drops. Unsuitable for long term investments.

I think a few satoshis is a better buy when you have limited capital. Or you could go for cheaper coins high on the rankings on CMC. This gives you stability.
You can also risk a small percent of your capital in speculations and ICOs. And try making profits from trading.
Be flexible on cryptocurrency and always note that your priority is protecting your investments and then maximizing profits.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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newmillennialkingdom
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September 21, 2018, 09:30:54 AM
 #2

So often these days we see people complaining about the price of bitcoin and how they missed the train. And they choose to go for alts and speculations with lower value and lower market cap.

Which matters most, Quality or Quantity?

You can invest in bitcoin with very little money, and you'd be getting a quantity of satoshis. That same amount could give you loads of cheaper coins.
Bitcoin is unlikely to suddenly jump and go 2 or 3X but it's a stable currency and a valid investments for the long-term.
The lower alts and speculations are cheaper and with their low market cap they can easily jump in price. But they are less stable and prone to sharp drops. Unsuitable for long term investments.

I think a few satoshis is a better buy when you have limited capital. Or you could go for cheaper coins high on the rankings on CMC. This gives you stability.
You can also risk a small percent of your capital in speculations and ICOs. And try making profits from trading.
Be flexible on cryptocurrency and always note that your priority is protecting your investments and then maximizing profits.

even though im a planner i still take advice from the smarter experts all over the web. i heard besides that alt coins or new ones are dangerous and only bitcoin litecoin etc...which has been doing well are more trusted. so to sum it all up dont waste your time because as that saying goes "time is money"
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September 21, 2018, 09:34:13 AM
 #3

Most ICOs are scams and most altcoins don't have a working product or a feasible route to getting one. Spending your money on these projects is simply gambling - they aren't worth anything, let alone the millions of dollars some are valued at. You are relying on future newbies to sell to in order to make a profit.

Bitcoin, on the other hand, is a working product and is used in the real world. Its price is based on growth and adoption, not pure speculation. It's the best bet, rather than throwing away your money on some scam.

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September 21, 2018, 10:26:57 AM
 #4

So often these days we see people complaining about the price of bitcoin and how they missed the train. And they choose to go for alts and speculations with lower value and lower market cap.

Which matters most, Quality or Quantity?

Not complaining about the price. Who are those people complaining btw? Newbie investors?

You can invest in bitcoin with very little money, and you'd be getting a quantity of satoshis. That same amount could give you loads of cheaper coins.
Bitcoin is unlikely to suddenly jump and go 2 or 3X but it's a stable currency and a valid investments for the long-term.
The lower alts and speculations are cheaper and with their low market cap they can easily jump in price. But they are less stable and prone to sharp drops. Unsuitable for long term investments.

I think a few satoshis is a better buy when you have limited capital. Or you could go for cheaper coins high on the rankings on CMC. This gives you stability.
You can also risk a small percent of your capital in speculations and ICOs. And try making profits from trading.
Be flexible on cryptocurrency and always note that your priority is protecting your investments and then maximizing profits.

Have you noticed that altcoins have suffered worst than bitcoin? Ethereum alone has dropped 85% from its all-time-high and the price continues to plummet. Shitcoins has nothing to offer because they don't have real usage and no fundamentals to back them up. They are purely for dump-and-dump scheme and you will be trap along the way. ICO's? Nah, mostly are scams, I would rather stick to bitcoin market now, price seems to be stable and few spikes to get some profit if you are flexible and knows how to day trade. If you lack experienced day trading, then just purchase them and hold for long term. Don't make things complicated for you.

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Gloverwrt (OP)
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September 21, 2018, 10:41:36 AM
 #5

Most ICOs are scams and most altcoins don't have a working product or a feasible route to getting one.

That's true "most" are. But there's a possibility of stumbling on one. Or rather researching effectively and making a good guess.



Have you noticed that altcoins have suffered worst than bitcoin? Ethereum alone has dropped 85% from its all-time-high and the price continues to plummet. Shitcoins has nothing to offer because they don't have real usage and no fundamentals to back them up. They are purely for dump-and-dump scheme and you will be trap along the way. ICO's? Nah, mostly are scams, I would rather stick to bitcoin market now, price seems to be stable and few spikes to get some profit if you are flexible and knows how to day trade. If you lack experienced day trading, then just purchase them and hold for long term. Don't make things complicated for you.

Good strategy, it's less stressful, and you just need basic knowledge and don't have to be an expert. I think altcoins high on the ranking on CMC are also good. Like ETH, XRP, etc.
Most ICOs also accept them in exchange for their currencies.


For me it's only for price growth in terms of %...
I prefer low marketcap coins because as I just wrote in another thread I regret I did not get bought coins like litecoin,vertcoin or viacoin when they were very very low in 2015...

For those three coins there are a hundred you would have regretted buying.
ICOs is a gamble.
As you said, research is key.
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September 21, 2018, 10:48:02 AM
 #6

Many peeps make their money through trading, whether we like it or not alts are here to stay. It's good to hold a bit of both, then when some very good alts go up, you can trade again and grow your Bitcoin. Some alts will go up a higher percentage rate than Bitcoin over the medium term, so then when you sell an alt for x 10 higher than you bought but Bitcoin has moved up say x 2, you will be better off. You just need to do your homework. Of course, very new icos and coins are even riskier because we don't know yet if they are scams or not, but some good projects, like Pundix which has a working product, I think are also good to invest in, alongside growing your BTC stash. For newibies though, best to just buy Bitcoin and hold.


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