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Author Topic: Altcoins or Bitcoin?  (Read 2099 times)
AicecreaME
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November 17, 2019, 03:36:17 PM
 #41

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?

I'm holding both altcoins and bitcoin, it is good to be more flexible to have a lot of choices to gain more profits in the long run, though I don't hold BCH. The reason why I don't focus on bitcoin is because of what I've experienced in 2017, I only join signature campaigns who pays bitcoin then when I've tried altcoin signature campaigns, I figured out that I could earn more in altcoin bounties, so I went full time on joining bounties after one another.

I just switched back to bitcoin signature campaign when a lot of scams happened in ICOs.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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November 17, 2019, 07:48:18 PM
 #42

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?
I personally think that it's best to always diversify, Bitcoin is the most used and trusted currency, however, there some altcoins out there with massive potential, you just need to research very well and invest wisely

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November 17, 2019, 08:08:00 PM
 #43


Unless you are a die hard fan of a coin, you are going to put all your eggs there in one basket but thats the most risky thing to do incrypto since altcoins are usually going to be dumped. If you haven't notice yet, most of the altcoins since the bear market being in the early 2018, their value is less -90%. I pay the price for being a hardcore fan and this is why I'm sticking to BTC most of the funds I have.

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November 17, 2019, 10:03:35 PM
 #44

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?



I continue support holding multiple crypto I choose the most potential altcoins came from the top, I have lsmall amount amount of ethereum and ripple that I believe they bring for me the good profits in the future, but so far we knows a alot of people are contrate investing and bitcoin to get earn.


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November 17, 2019, 11:06:57 PM
 #45

~snip~

I have a criterion, at this moment it is better to have Bitcoin, any movement would have a variation in the FIAT currency, be it dollar, euro ... taking into account that now the market is with high volatility samples, since we are in the possible beginning of the bullish trend phase (according to Wyckoff's theory), when confirming the bullish trend, it is good to buy altcoins but at the time that Bitcoin performs the correction, because the altcoins would be much cheaper, it would be the ideal time to buy altcoins, because when bitcoin follows its trend, altcoins increase in price, causing their value to multiply, either x2, x3, x4 ...

Already after having a good profit, it is good to pass it to Bitcoin, because the satoshis would increase and the Law of Supply and Demand would be fulfilled, where the higher the Demand and the Lower Supply, the price increases, as was the case in December from 2017 and early 2018, when the entire market, including alternative currencies, were in green, I consider this to be the best stage to buy alternative currencies and change them quickly after having achieved a significant profit, the ideal is to start the Stage Distribution , which already has a new ATH bitcoin.

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November 17, 2019, 11:56:36 PM
 #46

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?



I continue support holding multiple crypto I choose the most potential altcoins came from the top, I have lsmall amount amount of ethereum and ripple that I believe they bring for me the good profits in the future, but so far we knows a alot of people are contrate investing and bitcoin to get earn.



Yes. I would rather choose to focus more on my bitcoin portfolio because it has higher chances to earn huge profits. But to be more practical, having a multiple portfolio for bitcoin and altcoins might give us more security in earning good profits compared to focusing only in one investment.

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November 18, 2019, 12:47:38 AM
Last edit: November 18, 2019, 03:26:52 AM by leowonderful
 #47

You might reap huge gains with altcoins, but many alts just don't ever take off and especially investing in newer alts can be much more risky than simply putting money into Bitcoin through a single buy or dollar cost averaging and holding the money over time. Crypto's risky overall, and it's very possible you could lose money even just holding Bitcoin, but Bitcoin's definitely the safest option at the moment and I would suggest investing most of what you've set aside for crypto investing into Bitcoin and then altcoins next if you really want to put money into alts.
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November 18, 2019, 12:59:07 AM
 #48

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?
For the mean time, I think it's better to have 100% Bitcoin portfolio for me because the december month is near thus there could be a lot of surprise and Bitcoin could be overwhelmed at that time and if that happens your money in Bitcoin could increase or gain decent value in a short period of time. This december month seems to be bullish month. Better to buy back some altcoins by next year IMO once the market becomes bearish.
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November 18, 2019, 03:24:39 AM
 #49

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?
I'll be diversifying my portfolio. So my chance of gains would not focus only in one opportunity. Alot of hodlers, I supposed, do the same thing they diversify their hodlings into different alts particularly they pick among the top 10 for assurance of the gain somehow. Picking up one crypto for you to hold isn't recommended here and in addition not a smart move though.

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November 18, 2019, 03:25:15 AM
 #50

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November 18, 2019, 03:54:11 AM
 #51

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?

Holding a multiple crypto portfolio is most preferable. You don't have to focus on a single coin only. That is a poorly-created and very risky portfolio for me. I will have to repeat this although this has been repeatedly said by many here. Do not put your eggs in a single basket. Whatever happens to any single coin, if your portfolio is a mixture of different good coins, its total value will not plunge. In doing that, you are managing your risk pretty well. If you are risking your entire portfolio in one coin only, it will only take a bad decision of that coin and your entire portfolio is gone.

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November 18, 2019, 06:12:08 AM
 #52

For me, Only Bitcoin could be the best for the holding purpose, You know that Bitcoin growth is huge in comparison to the other cryptocurrency so if you can hold Bitcoin only then it might bring back to you a good result in the coming days, I think this is the best time to hold Bitcoin because we are passing almost the end of this year, we have seen in the previous years that the price increase at this moment, but multiple holding is not a bad thinking because who knows which platform will click, so two or more option should have always so that we can make up and minimize our losing option. so multiple holding should be the best

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November 18, 2019, 07:02:06 AM
 #53

When i was new here, I only purchase and buy only bitcoin.  Not until I learned how to trade and buy some altcoins mostly ETH and other top 10 in CMC. That was the time I realized that it is better to trade and hold btc and altcoins. Diversifying investment is good to maximize profits as well. As long as we know how to manage a good portfolio, there is a success even you buy more altcoins than btc.
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November 18, 2019, 07:35:41 AM
 #54

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?
You already have two questions here now, but to answer your first sentence, I think that if I am asked to deal with just one cryptocurrency, of course it will still be bitcoin alone, because this is the coin that has more community more and it would be easy to actually trade within this cryptocurrency space than every other coins you see.

If you go to any merchant shop now, before you can get to see any other altcoins, I think that the first coin you will be seeing is actually bitcoin first, then you can see any other coin as an alternative. if I am giving the chance to diversify into at least one altcoin more, I think that the best choice will still be that Ethereum , which we can also see that they are still the two major coin in the market and they have the largest usage and community.
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November 18, 2019, 08:02:31 AM
 #55

When i was new here, I only purchase and buy only bitcoin.  Not until I learned how to trade and buy some altcoins mostly ETH and other top 10 in CMC. That was the time I realized that it is better to trade and hold btc and altcoins. Diversifying investment is good to maximize profits as well. As long as we know how to manage a good portfolio, there is a success even you buy more altcoins than btc.

This is a sign that as we ago along here, we are learning as well as, Bitcoin is the favorite of all crypto users in the world, but, we are also learning and we are meeting a lot of altcoins while we are learning and we are also trying to invest those new altcoins that is entering the market. But so far now, still people prefer Bitcoin over altcoins, altcoins are just an alternative way of earning for those who wanted to earn more.

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November 18, 2019, 09:38:11 AM
 #56

When i was new here, I only purchase and buy only bitcoin.  Not until I learned how to trade and buy some altcoins mostly ETH and other top 10 in CMC. That was the time I realized that it is better to trade and hold btc and altcoins. Diversifying investment is good to maximize profits as well. As long as we know how to manage a good portfolio, there is a success even you buy more altcoins than btc.
You have had the same experience as me during that time. Now things are different and we have added a lot of experience in investing so avoid a lot of big losses in this market. I think the capital allocation and asset management should always be the top priority when participating because without the plan, it will be difficult for you to make money here. I personally only invest in new coins this year and always consider carefully before making investment decisions.

However, some coins make me lose money but there are some coins that help me to make a high profit so in any situation you need to be calm and not panic when market turns red.

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November 18, 2019, 09:52:27 AM
 #57

100% btc portfolio is only for passive general holders, I'm sure the majority will also consider altcoin, especially for traders and investment practitioners.

diversification is useful for maximizing short-term profits, and with general knowledge one day can be totally converted to bitcoin when the bull's momentum has been confirmed naturally.



 

 

 

 

 

 


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November 18, 2019, 12:07:43 PM
 #58

I prefer bitcoin portfolio with a little of other altcoins. I'm confident with bitcoin for it has proven over years of its outstanding performance. All other altcoins are still promising. Its better also to have it in time that its price is still very affordable. Indeed, its really best to have it all but more of bitcoin to have many options in case one fails.

Inkdatar
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November 18, 2019, 12:55:38 PM
 #59

I prefer bitcoin portfolio with a little of other altcoins. I'm confident with bitcoin for it has proven over years of its outstanding performance. All other altcoins are still promising. Its better also to have it in time that its price is still very affordable. Indeed, its really best to have it all but more of bitcoin to have many options in case one fails.
This is I prefer invest in bitcoin and some altcoin. At this current stage my top investment is in bitcoin and some altcoins which I believe price could soaring high once the market is in bull run. Diversify portfolio is indeed a good option but never invests in an altcoin that is not profitable in the long run.
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November 18, 2019, 02:53:47 PM
 #60

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?

It all depends on the psychotype of the investor. I read an article on neuronics about conservative investors, it said it was necessary to combine bitcon with altcoins, and bitcon should be about 60%, and everything else altcoins and those that are in the top 50, no further. And if you are an aggressive investor, then of course you can pick up a bunch of promising altos from the top 100 and even 200 and hope that something shoots.  Cheesy

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