Is it WORTH investing ALTS RIGHT NOW?

[DimitrisLodirogas]

Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!

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[DimitrisLodirogas]

Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!

!!!!! I'm sorry! I should post this topic to alt speculation and can't delete so, ...)

[mk4]

You know what, there's always money to be made with altcoins whether you're a bitcoin maximalist or not. It's just that you need to actually pick the right altcoins to put your money in to make a decent profit in the short/mid/long term, which is the most difficult part. You think you can make money this way? Go ahead. Just remember that most people aren't capable of making good trading decisions especially with cryptocurrencies(that are very VERY volatile).

[DdmrDdmr]

<...>
!!!!! I'm sorry! I should post this topic to alt speculation and can't delete so, ...)

You can move the topic yourself if you wish. At the bottom left of the Screen you’ll find a Move Topic link, that once pressed, lets you move the thread to another board (selectable from a list).

[Deathwing]

Most of the alts are dominated by Bitcoin, which in layman's terms mean that unless BTC sees a vigorous move on the graph, those alts are mostly stagnant. If you are looking for long-term profit. You can definitely go with Ethereum. It is possibly the most trusted and reputable coin other than Bitcoin that's available right now. With the future updates coming to Ethereum (Ethereum 2.0 - you can look it up) there will be a definite switch from "Mining" to "Staking" which will lower the token generation to an absolute minimum. It is speculated that this should increase the price. However, it's all speculation. Bitcoin is probably the most guaranteed investment (although this is similar to stocks, nothing is guaranteed.) So in the end, everything is your call. But I keep some of my investment in ETH while the rest is in Bitcoin.

[akamit]

Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!

The best practice is to divide your total capital and invest in several coins/tokens, it minimizes risks.

Altcoin prices in BTC market are pretty low however you should stick with the top 25s or if you want to take a little bit risk then it could be the top 50s imo.
Some traders checks for the all-time high for a coin ever reached, but I prefer all-time low a coin ever reached with my trading strategy. If you can find a coin/token which is in support then it can be a good investment.

Btc is always the first choice, but I don't like a sudden spike and when it is by $1k or $2k I don't like it even more. I believe in steady growth. For you, I won't be saying anything about BTC investment because of its volatility.

Maybe 50% BTC and 50% other coins (10% each or 5% each) could be a good move... add your research... BTC investment should be for long term planning.

Probably this thread belongs to altcoin discussion.

[CryptopreneurBrainboss]

About investing in altcoins in general, here's my view; Altcoiners, don't give up yet. Bitcoin can't do it alone. About Investing in altcoin now, well before you take that decisions you should understand that bitcoin currently, is the most safest investment and it's the coins currently getting all the attention even when few selective altcoins gain prices they get overshadowed by the success of bitcoin.

Irrespective of how I love altcoins, I don't think it's time yet (speakings on a general note) and this are just my personal opinions, they might be wrong so don't consider them a financial advice. For the next few months leading to the halving D-date, bitcoin will still be domination the space so Irrespective.of the altcoin you pick interest in gaining dollar value, the profitability of the satoshi value can't be gauranted so it would had been a better choice to hold bitcoin in tge first place. Don't think bitcoin will be giving room for altcoins anytime soon (on a general note) but few selective ones would still be getting a fair share of the market volume.

[dothebeats]

I'm currently diversified to the teeth although I'm still a solid bitcoin bull. People telling you that there isn't money to be made on alts are telling you otherwise, considering that the altcoin market always gets on its feet no matter how hard bitcoin gets punched on the gut. Just a tip: don't dwell on the top performers for altcoins and instead, find some good, new projects wherein there is still money to be made, even if it's just a couple percent. That's the name of the game right now for altcoins and not the old pump-and-dump ICO shizz that has plagued it before the 2017 bull run of bitcoin.

[Bightening]

Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!

For Bitcoin, it’s a good idea. With Altcoins I’ll suggest you focus on tokens with a use case in the current market. I am talking about exchange tokens. With a little bullish trend, exchange tokens do well as more people go to trade there and have to minimize fees by holding exchange tokens.

[bassbity]

If you have a double capital, it's better to buy BTC and hold it, because the prospect of bitcoin is very clear especially with the many predictions that will make bitcoin jump.
The rest of you can explore altcoin that has good potential instead of just choosing randomly, look for altcoin that is really good on the market and do daily trading even for a little as long as every day.

[DimitrisLodirogas]

<...>
!!!!! I'm sorry! I should post this topic to alt speculation and can't delete so, ...)

You can move the topic yourself if you wish. At the bottom left of the Screen you’ll find a Move Topic link, that once pressed, lets you move the thread to another board (selectable from a list).

Didn't know that! Lesson of the day, thank you!

[DimitrisLodirogas]

Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!

The best practice is to divide your total capital and invest in several coins/tokens, it minimizes risks.

Altcoin prices in BTC market are pretty low however you should stick with the top 25s or if you want to take a little bit risk then it could be the top 50s imo.
Some traders checks for the all-time high for a coin ever reached, but I prefer all-time low a coin ever reached with my trading strategy. If you can find a coin/token which is in support then it can be a good investment.

Btc is always the first choice, but I don't like a sudden spike and when it is by $1k or $2k I don't like it even more. I believe in steady growth. For you, I won't be saying anything about BTC investment because of its volatility.

Maybe 50% BTC and 50% other coins (10% each or 5% each) could be a good move... add your research... BTC investment should be for long term planning.

Probably this thread belongs to altcoin discussion.

All time low strategy seams really reasonable and thoughtful. Will probably do something similar like 50% BTC and then spreading the rest across top 25. Am i getting things wrong or is it crucial for projects to climb among top 50 to even be considered as a viable option to invest?

Did quote myself and wrote i missed the group. Will relink the topic to alt discussion! Thank you!

[JeromeTash]

Diversifying is the best thing you can do buddy. The biggest mistakes people usually make is putting all eggs in one basket when HODLing. So i would advise you to buy some BTC and then use the rest of the money to buy a few alts with great potential

[TheUltraElite]

Considering events from last week and bullish BTC movement.

Thats the main thing. With bitcoin being bullish alts are also being bullish. But here comes the concept of reading older charts. If you see the bearish time of bitcoin then the alts were also being very poor. Nobody would even thing of buying them at that time, but now every other social media is asking for tips on which altcoin to buy.

My point is that, dont go FOMO on altcoins. If you are bullish about a specific one then buy it, but at the proper price, not at the all time high price under impulse.

Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)

It is always smarter to buy BTC over alts. But this is not the correct price to buy that is ~9k USD. Buying point would have been ~7k USD, unless you have any bullish indicator showing above 9k, I would expect a crash coming soon in bitcoin price. Overall buy bitcoin at its support levels where falling down is less likely.

[Theb]

Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!

There's no straight answer for your question especially when Bitcoin and Altcoins aren't moving unanimously all of the time. If you visit coinmarketcap frequently you will sometimes see that Bitcoin is the only one in green and the rest of the market is in a bloodbath sometimes it's the other way around and the only thing in red is Bitcoin (this is sometimes called the alt season). With that kind of market you will get a general perspective that even traders who are already in the market are venturing onto other coins to take profit that's why we see alts going down while BTC is going up or vice versa because even them are offloading position just to take profit onto other cryptocurrencies in the market.

[Herbert2020]

Diversifying is the best thing you can do buddy. The biggest mistakes people usually make is putting all eggs in one basket when HODLing. So i would advise you to buy some BTC and then use the rest of the money to buy a few alts with great potential

an even bigger mistake that people make is buying a lot of altcoins, bag holding them and calling that diversification!!!

why do we diversify? is it not to be safe and continue making profit in case one of our investment tanked?
so lets look at the cryptocurrency market. when you buy bitcoin and altcoins and call that diversification, this is what happens to you: bitcoin drops 10% for instance, altcoins drop 10% to 30%. so tell me, what exactly did your diversification do for you?

[barnes13]

When you talk about investing in cryptocurrency I think so far it's still not too late for that. Because it has good potential in the future, especially with the use of technology each of them has and develops. But if this case is altcoin, you have to look at it from the fundamental side as well and make no mistake in choosing a project that you invest in. As long as the project has good development and innovation then it's very worth it to invest on it. If coupled with the good news we have heard lately, I'm very confident that the price of Bitcoin will continue to soar followed by altcoin.

[erickastella]

yes in my opinion, now is the right time for a bitcoin investment because a lot of good news has emerged, therefore if you want to invest in bitcoin then choose the long term because of the minimal risk.

[Wexnident]

All time low strategy seams really reasonable and thoughtful. Will probably do something similar like 50% BTC and then spreading the rest across top 25. Am i getting things wrong or is it crucial for projects to climb among top 50 to even be considered as a viable option to invest?

Did quote myself and wrote i missed the group. Will relink the topic to alt discussion! Thank you!

Not really. Its just top 50 projects are 100% assured that they could provide you with something in return. Investing with anything lower than top 50 or even top 100 could sometimes come with risks of you being scammed after all. Plus there's also the profitability in which the top 50 is the best choice.
If you do invest in an altcoin relatively unknown and it pops off, the return would be pretty insansw but that pretty much requires luck and a lot of research.
Your plans pretty good. You can start with eth or xrp first to get used to the market though.

[target]

Altcoins are starting to gain, I think there are whales also collecting altcoins right now so its a good time to also stash few of the coins that you think are going to also experience bulls. I have bought some and with just the right amount I could probably earn 5 digits when the coins moon to 0.10USD. Its risky but worth when you see good results to this action.