ricardobs
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May 07, 2019, 07:15:47 AM |
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IOTA is not a coin to be compared with bitcoin and even we don't have a competitor yet for bitcoin with the thousands of cryptos available.
99% of the people who know what is bitcoin will pick it for now.
Yes, I agree that most of the peoples would choose bitcoins as they might have already heard a lot about bitcoins and might have seen some practical examples who invested into bitcoins in the late 2009 to 2014. But IOTA is also a strong coin which is not yet comparable with bitcoins seeing and comparing their both's volume, market cap, etc. Even there is no such coin which could beat bitcoins at least for now. Maybe in next few years, there will be hundreds of coins crossing $10,000 so we can't know the future but we are sure about the present. Those who know the benefits and markets of IOTA, would buy those and rest may go for bitcoins with the investment in pocket.
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futile-resistance
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May 07, 2019, 09:51:56 AM |
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Why not half BTC and half IOTA? Tough I prefer 8:2…
Honestly I won't pick half on both the cryptos mostly it will bitcoin like you said and remaining funds will goes to altcoins which includes many coins. That's much better plan, $10k is a big capital, even though the allocation is 8:2. it's still too large capital for IOTA. You can split you funds again into several altcoins, moreover there are still many potential altcoins right I would apportion the capital among the top coins to be honest. This makes perfect sense to speculate in Bitcoin and ETH for example if the market value is rising. I would spend a big part of the capital in Bitcoin for sure because the pace at which the coin is gaining value in incredible and this is what every investor would love to see his assets behaving. There could be great profit.
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NavI_027
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May 07, 2019, 10:20:06 AM |
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What kind of question is that? Of course the majority would go for btc since it is more trustworthy than the other one. But anyway, each one of us got their own preference and own reasons why they will pick a certain coin and I respect that . However, preference is not the main criteria of picking a coin so you should be very careful because we are all talking about money here. My advise is to stick with btc or eth only if you are a small investor (the ones who just go for hodling) because you can't handle the pressure of unstable market for sure so to keep safe you must buy the most stable coins in the market. If you are daytrader then I don't see any problem on the coin which you will pick assuming that it wasn't a shitcoin; picking IOTA? That's not a problem knowing the fact that it is the Rank 17 coin based on CMC.
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sakokinak
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May 07, 2019, 02:07:08 PM |
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.... which one you would like to choose if u only have the choice between BTC and IOTA?
Is that the only choice we have? anyway, I'd rather choose bitcoin for sure. Since I do have $10,000 worth of capital then I would rather choose it definitely. The current price last month was $3000 so if given a chance and that history repeats itself then I can buy 3 bitcoin with that amount. But this time, we have to be practical and we should divide our capital in different potential coins. First of all, I would think, if it is really necessary to invest all the sum in the cryptocurrency. probably, the smallest business will bring higher returns than the profit from holding cryptocurrencies.
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TheUltraElite
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May 07, 2019, 02:24:34 PM |
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First of all, I would think, if it is really necessary to invest all the sum in the cryptocurrency. probably, the smallest business will bring higher returns than the profit from holding cryptocurrencies.
No idea what you mean by that and what you are trying to point out by small businesses. In fact the small ICOs if you are referring to those have all gone down with their bigger counterparts as soon as the bear market hit. They are no exception to the bleeding out effect of bitcoin. So the best thing to put your money in would be bitcoin at this moment. Any other shitcoin out there is going to be a waste of time and money. Although you may have some alts being held and not having any worthy price to sell at. All you can do is wait and watch for those. You cannot change those mistaken decisions but you are definitely prevent future ones.
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Indamuck
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May 07, 2019, 02:32:39 PM |
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It all depends on your risk tolerance. I like to gamble on lower tier coins every now and then but I only use a small amount of money. looking back at the historical charts you an see how fast some of these coins can move. They can go 100x in a few days which is pretty crazy.
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Barbut
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May 07, 2019, 04:46:36 PM |
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It all depends on your risk tolerance. I like to gamble on lower tier coins every now and then but I only use a small amount of money. looking back at the historical charts you an see how fast some of these coins can move. They can go 100x in a few days which is pretty crazy.
I agree with you man, its all about how much risk can someone handle. With $10k I would buy some bitcoins, I wouldnt miss opportunity to buy iota too (thats from op choices, btc or iota), and some other good coins too. When you look it from other side it would be more risky to invest in just one coin, in some way you are lowering the risk if you invest in more than one coin. I`m sure that I would diversify, I would split that $10k on more places, on more coins, probably between 3-10 nice investments, in some more in some less.
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pawanjain
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May 07, 2019, 05:44:13 PM |
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.... which one you would like to choose if u only have the choice between BTC and IOTA?
Well if you have a big amount like $10k then instead of putting it all in one basket why not split it between whatever options you have got. What matter is the split percentage. I would split it into 4:1 ratio where 4 would obviously be for BTC. Bitcoin should always be the first preference if the amount you are gonna invest is greater than $1000.
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sammyp
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May 07, 2019, 08:36:05 PM |
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When I hear cryptocurrency, Bitcoin comes to my mind first before I think about all others. It is therefore automatic that I will invest in bitcoin before any other altcoin. Even though I believe in diversifying my investments, bitcoin is always of higher priority,
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prtty2gal2
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May 08, 2019, 07:31:38 AM |
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.... which one you would like to choose if u only have the choice between BTC and IOTA?
BTC is always my first choice whenever I'm buying cryptocurrency, so for sure I'm going to for cryptocurrency first. Judging from the current price of bitcoin, I will buy 1 btc and then use the remaining money out of the $10,000 to invest in IOTA, but not really all of them will be going into IOTA, I will just use part of the remaining money to buy IOTA and other good altcoins like ethereum, neo, xrp and xmr.
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duyduc256
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May 09, 2019, 03:09:43 AM |
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It all depends on your risk tolerance. I like to gamble on lower tier coins every now and then but I only use a small amount of money. looking back at the historical charts you an see how fast some of these coins can move. They can go 100x in a few days which is pretty crazy.
Lower tier coins in this market are a great opportunity for you to make a profit but the risk will be huge if you don't have a clear appreciation of that coin. I think this market always has a lot of surprises and it can easily make us get rich very quickly in just one day but can also take away all your assets in just a few hours so if If you choose the right time to invest then good for you. Everyone wants to earn a profit of 1000% in this market but to do that, you need to have the right consideration and make many suitable choices for your portfolio.
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EMS_REP
Jr. Member
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May 09, 2019, 05:52:01 AM |
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.... which one you would like to choose if u only have the choice between BTC and IOTA?
i will prefer BTC here for long run holding.IOTA is good to but btc is first ever created crypto so i will go with btc.
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DarkIT
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May 09, 2019, 06:22:00 AM |
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When I hear cryptocurrency, Bitcoin comes to my mind first before I think about all others. It is therefore automatic that I will invest in bitcoin before any other altcoin. Even though I believe in diversifying my investments, bitcoin is always of higher priority,
bitcoin is always more advanced than other coins. so, it's common for bitcoin to be owned in a very large number for crypto users. $ 10k is a lot, investing in one thing will certainly be risky. so, I feel that having 5 coins, among the 10 best coins in the coinmarket, will be a pretty good savings for the future.
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Aivaryamal
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May 09, 2019, 06:33:50 AM |
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In this case, I will choose bitcoin for now, as it can be easily used in various fields as a payment system and has many more users, while it is a more reliable investment with a large capitalization
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neonshium
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May 09, 2019, 07:23:06 AM |
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When I hear cryptocurrency, Bitcoin comes to my mind first before I think about all others. It is therefore automatic that I will invest in bitcoin before any other altcoin. Even though I believe in diversifying my investments, bitcoin is always of higher priority,
Same here man. This is purely because Bitcoin is leading the market and is equally profitable for the investors provided the initial cost of investment is down but this is just a simple strategy and not a rule. So yeah, a capital as big as this one would be great in enabling you make some good money in crypto if you speculate in the best coin available out there in the market which I think is Bitcoin, ETH and Binance Coin.
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duyduc256
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May 10, 2019, 03:32:28 AM |
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.... which one you would like to choose if u only have the choice between BTC and IOTA?
BTC is always my first choice whenever I'm buying cryptocurrency, so for sure I'm going to for cryptocurrency first. Judging from the current price of bitcoin, I will buy 1 btc and then use the remaining money out of the $10,000 to invest in IOTA, but not really all of them will be going into IOTA, I will just use part of the remaining money to buy IOTA and other good altcoins like ethereum, neo, xrp and xmr. I like your opinion on this. If I have $10,000, I will still choose risky investments because it will bring very high profits and if that coin grows well, making a profit of more than 300% is entirely possible. There are many altcoin that you can choose right now because its value is very cheap and will definitely increase in price if Bitcoin can reach $10,000 this year.
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redsun114
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May 10, 2019, 08:36:56 AM |
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In this case, I will choose bitcoin for now, as it can be easily used in various fields as a payment system and has many more users, while it is a more reliable investment with a large capitalization
Look into the factors that are taken into consideration or account before an investor makes investment in an asset. Market cap is of course one of them. Others being stability, profitability and lowered risk. If the former three are positive, the later and the last would not bother too much. It is like this market that is so favorable for investment and you could use your big capital to speculate in the best coins to make more money.
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carter34
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May 10, 2019, 09:27:54 AM |
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For the quick ROI, I might go with iota. With that 10,000 , I would get thousands of unit and that means a little increase in price, I would have so much difference in profit. For the short term, Iota can give me some profit but holding in a long term, I will invest in bitcoin.
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GregH37
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May 10, 2019, 10:54:28 AM |
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In this case, I will choose bitcoin for now, as it can be easily used in various fields as a payment system and has many more users, while it is a more reliable investment with a large capitalization
I doubt if anyone will really choose IOTA over Bitcoin if they are left with option of choosing out of the 2 alone, the mistake OP made was not to even compare it with a more competitive coin, IOTA is good project and also strong, but will not stand the system BTC has created that even ethereum is yet to contest with. People like me will strictly dump my fiat and go for BITCOIN, there is nothing more peaceful than to put ones investment into a coin that is the most reliable coin in the cryptocurrency space and a coin that the volatility really makes people earn more profit than any other coin that is available, in the general market.
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yvesp110
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May 10, 2019, 08:16:03 PM |
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For the quick ROI, I might go with iota. With that 10,000 , I would get thousands of unit and that means a little increase in price, I would have so much difference in profit. For the short term, Iota can give me some profit but holding in a long term, I will invest in bitcoin.
I know it is good to hold bitcoin because in bitcoin we will not be worry about falling price trend and when the price will be low we can hold it and wait for the right time to make profit out of it, 10k is not so much for crypto currency specially the bitcoin because I have seen even an imposable price increase in history.
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