Stop chasing the "next" bitcoin

[Bitzec]

Ooo man  ... where you been earlier last  year before that one

[Duzter]

When something gains importance, we can more things with a name similar to the original getting into existence. Here very few among that has shown good growth which are forked from the main chain. Same time there are lot of scams with similar names. We need to be clear and should make people understand if you find someone next to us is gonna get into some traps.

[adzino]

I have known people who were chasing the "next" bitcoin but unfortunately failed miserably! They even tried to convince me to go after the coins but failed to do so. Why chase the next bitcoin when there is still the original bitcoin who true value is yet to be seen? Like OP suggested, invest at least half of your investment on bitcoin while spreading out rest of the investment on other alt coins.

[jossiel]

I'm sure that many will be hit by this image, they keep on chasing the 'next' king and those altcoins that can kick bitcoin out of its throne. They never understand on how big the dominance of bitcoin on the crypto market.

All they say is 'when moon', 'when lambo' like the old days. But I guess, people are learning from most of the experience now because many altcoins are stumbling and going close to the bottom that has never been expected by these investors who prefer to hop mostly in alts.

[Rooster101]

There is only one bitcoin for me and I don't believe they can be able to clone the original because nothing beat the original. Some new coins that developed with more advanced technology and innovation are claiming to be the next bitcoin but they always follow the price movements of the original coin. But I'm not closing my mind on investing in some altcoins because many of them are also profitable.

[hatshepsut93]

It's so true, and not only about cryptocurrencies, but other crypto assets like tokens amd such. People think that they have missed the train with Bitcoin and that they have to invest in something fresh, but actually they are hurting themselves by taking unnecessary risk and ending up with low expected value trades. If you look at the charts, Bitcoin tends to outperform altcoin in the long run, BTC price of alts steadily decreases over time, which means that alts are not good for hodling. Instead they should only be used for short-term speculation.

[misterj]

Lol, this is so true. I urge everyone to really put the majority of your investments on bitcoin to avoid getting REKT in the future. Well, you can still invest on some altcoin but at least the your portfolio should be like more than half on bitcoin, just saying.

What you've stated is kind of opposite. However, it is probable that bitcoin will really get you rekt because as our technology upgrades, the possibility of the application of bitcoin will increase. To that end, if I were to diversify my portfolio, I will put 80 percent of my investments to bitcoin.

[TimeBits]

Lol, this is so true. I urge everyone to really put the majority of your investments on bitcoin to avoid getting REKT in the future. Well, you can still invest on some altcoin but at least the your portfolio should be like more than half on bitcoin, just saying.

nah, put it in land you actually own something then that you can call your own.
Why would I use msdos or windows 95 when I can use windows 10.

[Deylandra]

it's going to take a while but I think another coin will eventually surpass bitcoin.

[sheenshane]

it's going to take a while but I think another coin will eventually surpass bitcoin.

Still, no doubt and we trust bitcoin.
That is definitely proven, people are looking for a cryptocurrency that has the potential to become the next bitcoin is because they want their money to be multiplied as bitcoin's stuff.

Bitcoin was just a half pizza with = thousands of bitcoin and they believe that another coin would also become the same as the bitcoin.  That is the moment where they are very greedy to invest their finance in different altcoins. The reason why alt coins called altcoins is because Bitcoin will always be the primary coin in the crypto space.

[okala]

it's going to take a while but I think another coin will eventually surpass bitcoin.

We are not talking about coin that will surpass bitcoin in price, but advising investors not to put all they money in bitcoin because we are always warn not to put all our money in any business let always invest what we can lose that is the message since bitcoin is a highly volatile investment.

[LogitechMouse]

most of them aren't really at fault. they are just poor newcomers who entered a big market and were suddenly bombarded by a huge wave of advertisement which were promising them riches beyond their wildest dreams so they ended up buying a ton of useless tokens which have been continuously losing value

This is the problem for most newcomers here in crypto world. They are just easy to hypnotize by these stupid advertisements telling that if you invest in here, you will get a huge amount of money in a month or the like.

In my portfolio, around 60-70% of my total holdings is Bitcoin. I bought some coins that I know will bloom in the long run but that is a small percentage only compare to Bitcoin. Its ok to buy altcoin but do some in deep research to prevent being scammed.

[EdenHazard]

it's going to take a while but I think another coin will eventually surpass bitcoin.

We are not talking about coin that will surpass bitcoin in price, but advising investors not to put all they money in bitcoin because we are always warn not to put all our money in any business let always invest what we can lose that is the message since bitcoin is a highly volatile investment.

It's a good suggestion maybe, but when I was invested my money in cryoptocurrency since 2015 ago I just believe bitcoin will not give you a regreted feel when the price high and you bought it at the lower price. I don't believe altcoin maybe, because there are many manipulation or pump and dump that can be happen anytime. Moreover, with altcoin that still have a lower price you just need 1% to get profit that you wanted.

[Kakmakr]

The thing is, people saw how many Bitcoin millionaires were created from early investors that invested small amounts and became millionaires in the end. They want to try to re-create the same scenario by investing early in "unknown" Alt coins, in the hope that they might invest in a Alt coin that would achieve the same level of success as Bitcoin in the future.  

We have been in the Alt coin scene for many years and the only millionaires that were created, was "Pump n dump" coins that was created for that specific purpose.  

[btc_angela]

The thing is, people saw how many Bitcoin millionaires were created from early investors that invested small amounts and became millionaires in the end. They want to try to re-create the same scenario by investing early in "unknown" Alt coins, in the hope that they might invest in a Alt coin that would achieve the same level of success as Bitcoin in the future.  

We have been in the Alt coin scene for many years and the only millionaires that were created, was "Pump n dump" coins that was created for that specific purpose.  

I agree, those pumpers, or the people behind the group usually is the only guy that can be millionaire. Although there are a lot of coins. that when xxxx% in 2017 as compare to bitcoin, it didn't reached the amount of gains that bitcoin maximalist got when they invested early and their portfolio is only bitcoins.

[Pursuer]

sometimes there are people who don't ever want to learn from other people's mistakes unless they experience things for themselves. it is like wanting to touch something hot and be burnt on your own before you realize that hot things burn although everyone else is telling you so.
in this case I say let them lose money to a bunch of these ICO scams and all the other types of altcoin pump and dumps then they will learn it the hard way themselves and come back.

[electronicash]

if you stop chasing the next big thing in crypto, you will really miss them too just like how they missed ETH. come to think of it if you have hundred thousands of ETH now when you have bought eth while the price is less than a dollar.  there are coins right now that has potential to rise up like EOS, so why forbid yourself not to get at least for your profit.

right now you need at least $5800 to buy 1 BTC, can you afford it? if not then just go to the cheaper coins which likely going to also make you richer later.

[Pursuer]

if you stop chasing the next big thing in crypto, you will really miss them too just like how they missed ETH. come to think of it if you have hundred thousands of ETH now when you have bought eth while the price is less than a dollar.

I wonder if you would say the same thing in the near future when you start feeling what having "unlimited supply" really means and whether you still wish to bag hold your "hundreds of thousands of ETH" when it is worth $1 again.

right now you need at least $5800 to buy 1 BTC, can you afford it? if not then just go to the cheaper coins which likely going to also make you richer later.

nobody is forcing you to buy 1 whole bitcoin

[izanagi narukami]

For me, bitcoin still worth to invest although the value already consider as high.
And for alternative option, you can try to invest on top 5 on coincapmarket.

But again, this is cryptocurrency and anything can happen so make sure that you've prepare the worst , first !

[pawanjain]

most of them aren't really at fault. they are just poor newcomers who entered a big market and were suddenly bombarded by a huge wave of advertisement which were promising them riches beyond their wildest dreams so they ended up buying a ton of useless tokens which have been continuously losing value

I Don't really agree with the "Most" part. Although I believe there are "Some/Few" people who got into the sinking ship, most of the people just thought it would be beneficial to invest in the shitload of tokens.
All those shitcoins in Yobit which get pumped daily shows us that there are huge number of people who still take part in the pump and dump and eventually lose their coins.
It's just the greed that drives them to their catastrophic fate. This is the sole reason why bitcoin should be the major part of your investments. I would consider investing 70% of my investment into bitcoin while the rest 30%  into top major altcoins.