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Author Topic: After years in this space...I am now a BTC/ETH maximalist (Both are important)  (Read 1211 times)
Omega Weapon
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December 14, 2019, 02:23:00 AM
 #61

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.
That may seem to be a good idea but personally I am against it, my goal as an investor is not only to make money like everyone else but my goal is also to make money in such a way that it doesn't take me a lot of effort to do so, and taking that into consideration that means that the more coins that I hold the more difficult it becomes to monitor all of those coins and to be able to tell what direction each coin is going to take during the next months or years, and I personally do not want to be watching the market all the time to make some profits.
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December 14, 2019, 03:24:18 AM
 #62

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.
That may seem to be a good idea but personally I am against it, my goal as an investor is not only to make money like everyone else but my goal is also to make money in such a way that it doesn't take me a lot of effort to do so, and taking that into consideration that means that the more coins that I hold the more difficult it becomes to monitor all of those coins and to be able to tell what direction each coin is going to take during the next months or years, and I personally do not want to be watching the market all the time to make some profits.

Five to ten coins all in all is not really a hassle to monitor especially if these coins are the top coins. If you have Bitcoin, Ethereum, Litecoin, and Monero, for example, there is not really a high demand to keep yourself monitored every minute of the day. You are aware after all that these projects will not fall easily. They are the corner stones in cryptocurrency. There is nothing to fear if a week passes by and you have not checked on what is new to each one of them.
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December 14, 2019, 03:34:09 AM
 #63

Those coins bitcoin and btc have different purpose while btc is for currency, ethereum are different, we see the value and the purpose ethereum at the moment has some issues, while btc is working on the lightning network I think the most trusted is bitcoin, while ethereum chain is being use for other coins creation and more

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December 14, 2019, 05:28:03 AM
 #64

Despite different opinions, I believe that in cryptocurrency we need not only Bitcoin and ethereum. The current cryptocurrency is still far from perfect and it needs to develop further. This process so far is going well through the appearance and functioning of many cryptocurrencies, as well as the disappearance of their useless types. Of course, in the end, most altcoins can leave the market. But it will be natural selection. Let new coins and tokens appear for now. Perhaps we can thus come to something new and more perfect.
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December 14, 2019, 05:55:21 AM
 #65

What makes me interested in using other altcoins including ETH is a relatively cheap fee for each transaction.
Sometimes there are times when bitcoin has a large transaction fee, at the same time I will convert it to another altcoin to outsmart the transaction fee.
I think it's quite helpful, on the other hand I see that ETH has a good market and support from various parties that are very positive.

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December 14, 2019, 06:15:20 AM
 #66

What makes me interested in using other altcoins including ETH is a relatively cheap fee for each transaction.
Sometimes there are times when bitcoin has a large transaction fee, at the same time I will convert it to another altcoin to outsmart the transaction fee.
I think it's quite helpful, on the other hand I see that ETH has a good market and support from various parties that are very positive.

This is one way to tell if you are a maximalist in terms of using bitcoin and ethereum or not. In other way, it is also better to maximize the cryptocurrency as a whole in a sense that we are utilizing not just bitcoin and ethereum but also the stable coins that are out in the market. In this case, whenever a huge loss is on our side, we are backed by the stable coins to save our funds. In addition, we should also take care of the transaction fees that we are paying, when we are to trade amounts, it is better to trade larger amount to maximize the transaction fees that we are paying.
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December 14, 2019, 06:33:39 AM
 #67

I believed ethereum should be more useful in smart contract applications ie dapp whose utilization in elections, chain supplies, medicine etc yields  positive results while Bitcoin is more of digital currency and as a store of value the OP had expressed  his choice of adopting the two coins with respect to other altcoins.

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December 14, 2019, 07:30:42 AM
 #68

What makes me interested in using other altcoins including ETH is a relatively cheap fee for each transaction.
Sometimes there are times when bitcoin has a large transaction fee, at the same time I will convert it to another altcoin to outsmart the transaction fee.
I think it's quite helpful, on the other hand I see that ETH has a good market and support from various parties that are very positive.

The reason why bitcoin has a large transaction fee because it is well know cryptocurrency around the world. Those altcoins are just an alternative for bitcoin so that the fees are cheap compared to btc. But there are some ways like what you've said, CONVERTING.

ETH an altcoin, it can grow on its own and this coin has a very large potential of developing. If you want to invest for an altcoin, choose ETH.

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December 14, 2019, 08:31:53 AM
 #69

In a real sense, Ethetrum is really a potential currency in the current situation, I also think both Bitcoin and Ethereum are very important in order to maintain a good pace in this cryptocurrency world, Obviously, bitcoin is the best among the other cryptocurrency but you have to pick out another supplementary currency which could be used as a backup plan, so Ethereum could be the one on this purpose, in terms of credibility and acceptability, for me Etehreum is the most potential crypto here, so if you want to make money from this platform then Ethereum would be a good option.

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December 14, 2019, 08:42:18 AM
 #70

Keeping ethereum aside with bitcoin is a good strategy if you are planning to invest in altcoins. Adding few other altcoins like NEO, TRON, LITECOIN, BNB can also be a good investment strategy, as they are all available at a discounted price. One may buy few of them for altcoin season that may come in the future.

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December 14, 2019, 10:36:34 AM
 #71

I've been in this space since 2014. I have always been a Bitcoin Maximalist.  Than 2017 happened, and it was hard not to chase altcoins.  After the hype died down, and the dust settled, I realized that there is room to be a BITCOIN/ETHEREUM Maximalist.  Every other project is a "me too," or a clone, or redundant, or vaporware.  The only two blockchains we need right now are Bitcoin and Ethereum...and we need BOTH! Not just Bitcoin anymore.

I love Bitcoin...LOVE it!  But when it really comes down to it, I use Ethereum in actual, practical use cases.  I recently bought something in USDC...which utilizes Ethereum.  Stablescoins, ICOs, IEOs, SEOs, Defi will be built on Ethereum.

I have fallen in love with Ethereum as hard as Bitcoin, and I see value in both.  Ethereum is extremely elegant, and may end up being more important in this space than Bitcoin one day.  It is the foundation of the Defi movement.

So there can be a category of people who consider themselves BTC/ETH Maximalists.

Right now, they maybe top 1 and 2 in the rankings but it doesn't mean that they are the king as the demand will always depend to it's uses and whether the demand is being accepted by the government or not. Every hurdles will affect the demand of any coins like btc, eth and other top coins/tokens.

I also consider both as the most important coins right now but due to high transaction fees in btc, I tried other coins as alternative to send a small amounts. I always see things fairly and I cannot devote myself to btc and ethereum only so I cannot say that I am a btc/eth maximalist.

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December 14, 2019, 11:28:04 AM
 #72

i dont care about the other coin, as long as it can be eth or btc, i will do it. i have target when do something, so when i get token and the price so low, i will wait until it reach the target, but it doesnt mean im collecting token, although in a fact i have many coin in my wallet.
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December 14, 2019, 11:41:33 AM
 #73

Keeping ethereum aside with bitcoin is a good strategy if you are planning to invest in altcoins. Adding few other altcoins like NEO, TRON, LITECOIN, BNB can also be a good investment strategy, as they are all available at a discounted price. One may buy few of them for altcoin season that may come in the future.

Ethereum is a great combination with bitcoin or other altcoins. all investors has ethereum for back up and lessen their transaction fee's. it is also help us to not fear of too much dumping in altcoins because we know that there is ethereum that can be change immediately if there are problems. ethereum prices are not that totally dropping so we can sure that our funds are not that high risk.

Watch out for this SPACE!
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December 14, 2019, 01:02:30 PM
 #74

Under 2017 bitcoin and ethereum look like have connected where bitcoin with higher price ethereum can potential to be on higher price too, but today when bitcoin can raise above $7k ethereum look weakness with lower price today about $144, how come ethereum and bitcoin have far away price not the same like three years ago when ethereum can up more than above $1k.
The main difference is that the hype behind ETH is over, there were tons of projects coming along and we all thought that the market is going to flourish with the help of the ETH network but instead all the shitty and scam projects who stole billions of dollars were the true highlight and what do you expect, that is the main difference and so we saw similar prices of ETH alongside bitcoin but after that bitcoin just left the station Cheesy .
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December 14, 2019, 01:16:59 PM
 #75


So there can be a category of people who consider themselves BTC/ETH Maximalists.

I am one of them and we are many in this community, I love these two coins that sometimes i think that I only need these two coins to hodl and I will be ok, but we need to increase our portfolio and not to put all our eggs in one basket, so I still include some coins in my portfolio, but Bitcoin and Ethereum are two coins that makes the bulk of my portfolio.
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December 14, 2019, 01:19:12 PM
 #76

I love Bitcoin...LOVE it!  But when it really comes down to it, I use Ethereum in actual, practical use cases.  I recently bought something in USDC...which utilizes Ethereum.  Stablescoins, ICOs, IEOs, SEOs, Defi will be built on Ethereum.
If you fall in love so hard with Ethereum explain me more about it, why?
I mean Bitcoin have value, limited supply etc. Its stable, reliable and future-optimistic.

Then we have ethereum, with hacks, dao rollback, creator deciding to roll back transactions thousands of people or even more because of one hacker, no limited supply, questionable use-cases. I would like to hear im wrong somewhere.
Give me 3 good use cases of Ethereum where Bitcoin can't do them ( im not talking about margin hyper super loan posivite trading negative crazy options)


If he truly loves Ethereum he should also put an effort to love the alts on its network, without them the Ethereum network would not be as t is right now, I mean it is mostly used as a transaction gas, an payments to send another coin. If it isn't made for that then I guess it is no different than other alts.

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December 14, 2019, 02:52:01 PM
 #77

In the past I bought a lot of popular altcoins of the season, and in a long term I lost money with then
Altcoins is a shortcut to gain money, but you have to be well informed and take quick actions to gain

For now I have my portfolio based on 5 cryptos, and obviously BTC is the first one with 55%, followed by ETH with 15%, the another ones are XMR, LTC and ETC

I don't want to buy coins only based on news, fomo, or the popular altcoin of the month

And you are right to focus on these 2 coins

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Kambal2000
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December 14, 2019, 03:49:52 PM
 #78

In the past I bought a lot of popular altcoins of the season, and in a long term I lost money with then
Altcoins is a shortcut to gain money, but you have to be well informed and take quick actions to gain

For now I have my portfolio based on 5 cryptos, and obviously BTC is the first one with 55%, followed by ETH with 15%, the another ones are XMR, LTC and ETC

I don't want to buy coins only based on news, fomo, or the popular altcoin of the month

And you are right to focus on these 2 coins

For a couple of years too, I learned that I need to buy altcoins at deep especially if bounty hunters already sold their tokens, so I am watching out that way as this was what my common friends are doing then they are waiting for the buy back from the team, or another set of investors to buy and then they are selling, at a year it's good but now it is not advisable anymore so I managed to invest only in BTC/ETH too.
shoreno
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December 14, 2019, 04:02:13 PM
 #79

there is no so called short cuts on  not even btc because both alts and btc take too long to grow  . you know that you bought seasonal alts ? but why didnt you dispose them too early ? seasonal means they are only going to perform that specific month  ( whether a month or two  ) and after that they wont become active again  but good thing that you learn from your mistakes and your now only picking good coins  which was btc and eth  but these two coins are still somehow based on the news  , fomo , an other factors  .
pragna
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December 15, 2019, 04:34:57 AM
 #80

From my first of working i am in love of ETH because ETH team has strong planning and platform yet. In 2018 we saw ETH team's strong work behind market when ETH down into position 3 in CMC market. I had hope about Waves but now weaves position are 64. This is only bad team work. So when we compare everything in market ETH is best after BTC.
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