Altcoins or Bitcoin?

[LUCKMCFLY]

If I newbie I'll choose bitcoin to store my all money that aimed for investing. I won't ever look any altcoin although there are a lot of people who suggest that the altcoin is promising.

But most newbie now when they come to invest in cryptocurrency will find a coins which still have a low value and use their fomo without any know the future of the coins itself. Even, they didn't know to differentiate scam coin, legit coin and shit coin.

As a result they will get a huge loses and even all their money just gone away. If so, the dangerous thing is they won't back again and made a false information who deflating cryptocurrency as a whole. So, I'll choose bitcoin first to spend my money because which I feel so far I really comfortable although there was a crash price came.

I think the same, Bitcoin is undoubtedly the best option, there are many altcooins that if they claim to be promising, but for investment, Bitcoin is better, because it gives benefits in a short time, when compared to the stock market, the Investment movements give profit to the 8 or 10 years, however Bitcoin due to volatility their movements are usually in less time, the bitcoin accumulation stage the first of Bitcoin was from 2014-2017, when comparing 3 years the wait is not much, now Bitcoin At the moment, according to Wyckoff's theory, the accumulation stage has already passed, and this indicates that the market is in the bullish stage, but a possible re-accumulation stage cannot be ruled out, everything is possible and valid, therefore The best in investment is and Bitcoin will always be a thousand times better.

[Triffin]

DYOR, weigh the risks and make a balanced portfolio that consists of multiple things, not only BTC and alts, but also maybe stocks and precious metals.

I guess OP doesn't experience how risky the cryptocurrency is without taking too much precaution when investing a single cryptocurrency. Either 100% bitcoin or altcoin portfolio none of them would matter if one will have a recession you can't do anything for your investment if that's going to happen. Although bitcoin might give you a chance but it would still be better if you do hold more crypto in your portfolio so you can diversify if things go sideways.

Bitcoin holders do not need altcoin to earn big amounts. They are just required to understand bitcoin better and work with it well. If I am not wrong, then it was bitcoin that produced millionaires first and only this coin can return huge profits. Altcoins depend on bitcoin so an altcoin holder should invest in the king of crypto currencies too, if not done already. Above all, trusting your asset is a must.

[ReiMomo]

Why do I need to choose both of them? I can invest those potential altcoins but my top priority is holding Bitcoin. I don't need to choose which one of them because I can accumulate among of them. Bitcoin is for long term holding but in altcoin, I dont hold this for long term purpose because I saw nothing if we hold a long time. Correct DYOR is a must in picking altcoins so you must be careful and researchful as well.

[TinaK]

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 believe it is a confused question from you I don't know what is a problem in it.
if you want to invest and make the profit in a cryptocurrency field you should choose every altcoins in the market tu to trade that coin and make profit out of it.
Then no one is here to help anyone, all the people here to stay to get the name and make the money. So decided based on your mind thought bro.

[wxa7115]

I would go for a diversified portfolio, but baised towards Bitcoin. I would only allot small percentage of my funds to altcoins and not just any altcoin that is too speculative, but only those who serves true purpose such as XRP and ETH. Other than then, mostly all of them are shitcoins and cannot expect more into them. Then I'd go for Bitcoin especially when the price dips and I don't expect it to go lower anymore.

I always see people saying that diversification is a way to protect your portfolio and it isn't true, if you had invested all your money in bitcoin not only you will have made more money than if you had invested all your money in altcoins the risk will be many times lower as well, then I ask myself what is the point of buying a bunch of assets that are not going to grow as fast as bitcoin and that are only going to add more risk to your portfolio?

If you truly want to diversify your portfolio then you need to invest in something other than cryptocurrencies, you can choose stocks, precious metals, government bonds, invest in a business, create your own business or do whatever you want.

[Bagaji]

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?

Investment diversification is very key if you want to play safe as regards your investment capital. Some of us have had a bad experience when you invest your capital in just one coins particularly when you buy at a high rate and you intend to hold for like two years.
I will advise that you use about 50 percent of your capital in buying altcoins and the remaining 50 percent for Bitcoin to be on a safer side.

[wajik-tempe]

I would go for a diversified portfolio, but baised towards Bitcoin. I would only allot small percentage of my funds to altcoins and not just any altcoin that is too speculative, but only those who serves true purpose such as XRP and ETH. Other than then, mostly all of them are shitcoins and cannot expect more into them. Then I'd go for Bitcoin especially when the price dips and I don't expect it to go lower anymore.

I always see people saying that diversification is a way to protect your portfolio and it isn't true, if you had invested all your money in bitcoin not only you will have made more money than if you had invested all your money in altcoins the risk will be many times lower as well, then I ask myself what is the point of buying a bunch of assets that are not going to grow as fast as bitcoin and that are only going to add more risk to your portfolio?

If you truly want to diversify your portfolio then you need to invest in something other than cryptocurrencies, you can choose stocks, precious metals, government bonds, invest in a business, create your own business or do whatever you want.

Seperate investment in many altcoins is lowering the risk of get rekt because we don't know which coin will get much price drop and never comeback so holding just one coin in portofolio is a risky decission. And also diversify to other investment like you mentioned is something else, it cannot be qualify as the same context on this thread.

[Exidous]

Why do I need to choose both of them? I can invest those potential altcoins but my top priority is holding Bitcoin. I don't need to choose which one of them because I can accumulate among of them. Bitcoin is for long term holding but in altcoin, I dont hold this for long term purpose because I saw nothing if we hold a long time. Correct DYOR is a must in picking altcoins so you must be careful and researchful as well.

You need to divide capital appropriately and this needs to have a specific strategy. In my opinion, 80% for Bitcoin and 20% for altcoin because altcoin investment will be much riskier than Bitcoin so in all circumstances, Bitcoin investment is always a priority. In fact, I only invest when that altcoin grows as strongly as Atom or Bnb because these are options that are expected to be very potential in the near future.

[akmal1984]

I support hold bitcoin and altcoin. Both are equally profitable if we buy and sell at the right time. No need to wait for prices to soar too high. Saving just one type of coin is also not good because it is the same as saving fiat money. For the top 10 coins in coin market except stable coins I think are very stable and can bring profit if we really use them.

[Soots]

I am not confident with multiple coin holdings and doesn't advise this strategy to newbies in crypto. That's good to focus with bitcoin all alone, and don't ever hope for other holdings because it may destruct your plans for stable asset. Work out your holdings first, because btc growth has not yet begun to soar.

[Oilacris]

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?

When it comes to investment I do always have this line of word in mind;

"Don't put all of your eggs in one basket" which basically means that its better to diversify our investment and don't focus on single one.

Bitcoin is much more preferred but we know that nothing do last forever guaranteed.So its much better to divide so that you could also divide up the risk just in case.

[MrPiggles]

I support hold bitcoin and altcoin. Both are equally profitable if we buy and sell at the right time. No need to wait for prices to soar too high. Saving just one type of coin is also not good because it is the same as saving fiat money. For the top 10 coins in coin market except stable coins I think are very stable and can bring profit if we really use them.

Before deciding to invest, you should divide the capital appropriately and must know how to manage assets to make the most reasonable choice. Currently the market is still in a downtrend, so there will be a lot of big risks in investment. I think you should hold more Bitcoin and should only spend 10% of total assets to invest altcoin because this year is definitely not a good year for you to make a profit.

[cryptoangel]

I am not confident with multiple coin holdings and doesn't advise this strategy to newbies in crypto. That's good to focus with bitcoin all alone, and don't ever hope for other holdings because it may destruct your plans for stable asset. Work out your holdings first, because btc growth has not yet begun to soar.

May be you are telling your point of you, All the experts are comes in the beginning stage so I follow the small scale investment for both Bitcoin and some altcoins, But I just invest only 1 percentage of my planning and further days it will guide me how to survive on crypto trading. So multiple coins holding is good and we must carefully participate the any coin.

[ofertoss]

I think that bitcoin is definitely the problem of alt coin is that although it may be that you earn more it can make you lose more, besides being very young it does not combine secure currency

[Kocret02]

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?

if holding in 100% in one currency might choose bitcoin as a good option. but we also don't demand the possibility to have several altcoin options such as altcoin at the top 10 cmc that can be used for holding selection

[AliMan]

I would choose bitcoin over altcoins because it has been proven sustainable and strong currency for so many years. Even the value falls down several times, there's always a huge potential to recover of its own. The momentum is reliable to become a growing asset, and although the behavior is volatile, it was catching the interest of many people who learned the crypto economy. Altcoins sometimes good, but in most cases it will crash potentially at nearly zero value.

[Slow death]

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?

I don't know what use of altcoins is increasing, but from what I see a lot of people are complaining about the price of ETH and slow development of ETH, people don't want to settle for the fact that the price of ETH may never go back above $900. eventually no one will use BCH... If we look at the long run we have:

4,843 altcoins, these altcoins are competing with each other, which means they will have to compete a lot and few of them will survive in that market.

A 100% altcoin portfolio? Or a 100% bitcoin portfolio?

100% bitcoin

Or do you support holding multiple crypto coin holding?

altcoins are a big risk

[jets567]

Since anything is possible in crypto space, I will go for multiple holding wherein 70% in Bitcoin and 30% in altcoins. It is given that majority of us are trusting Bitcoin but we never knew what can happen in the future so for me it's still good to hold some strong altcoin to maximize my investment in the long run.

[Barbut]

Since anything is possible in crypto space, I will go for multiple holding wherein 70% in Bitcoin and 30% in altcoins. It is given that majority of us are trusting Bitcoin but we never knew what can happen in the future so for me it's still good to hold some strong altcoin to maximize my investment in the long run.

That's ok, 70% in Bitcoin and 30% in altcoins. I'm for diversification, never hold all your eggs in one basket. Diversifying is good for safety, safety is always important. There is one more good reason for diversifying, some of the altcoins have a promising future, and in time they can make a higher profit for you. Two good reasons to have a portfolio with Bitcoin and some strong altcoins.

[Hypnosis00]

Since anything is possible in crypto space, I will go for multiple holding wherein 70% in Bitcoin and 30% in altcoins. It is given that majority of us are trusting Bitcoin but we never knew what can happen in the future so for me it's still good to hold some strong altcoin to maximize my investment in the long run.

That's ok, 70% in Bitcoin and 30% in altcoins. I'm for diversification, never hold all your eggs in one basket. Diversifying is good for safety, safety is always important. There is one more good reason for diversifying, some of the altcoins have a promising future, and in time they can make a higher profit for you. Two good reasons to have a portfolio with Bitcoin and some strong altcoins.

It does not really need us to keep Bitcoin alone for we haven't an assurance. Bitcoin will always be trusted but somehow we need to take some precautions and taking some options to altcoins. I actually doing this since before and it is quite safe. But of course, we take consideration also when investing altcoin, we have to invest only those who have potentials otherwise, you are just throwing your money.