Investing in Alts instead of Bitcoin for far greater returns (or losses)

[DDante]

At the risk of going against what most Crypto investors suggest, I've decided to keep the majority of my portfolio consisting of projects from the top 20 Alts (apart from BSV and BCH which are shitcoins) working on the assumption that many of them are down by a far greater percentage in the last few years than bitcoin which has actually gone up

I'm well aware its a gamble but I'm prepared to run the risk of either making insanely large profits or losing my $2K investment especially after watching the markets the last few days, Alt prices have gone up and down faster than a hookers knickers 

Your thoughts peeps? am I stupid, brave, a pathological gambler or a combination of the the three?

You are on the safer side since you invest in top 20 altcoins but still why exclude bitcoin? Taking out profits from time to time can make you double your bitcoin in no time, just look how bitcoin is pumping between 9k and 8k, buying low and selling high will bring better profit in short time

[TopT3ns]

I think investing in bitcoin can provide benefits in the future because because of the growing growth of the year it will make the price very expensive because it will be increasingly difficult to get bitcoin so the price of bitcoin will be more expensive, so I think you should be able to take advantage of the bitcoin price movements to be able to get many advantages in bitcoin.

[slaman29]

Aren't we all taking a bit of a risk here? Wasn't bitcoin essentially build around people who took risks as well? I am not saying you should do it, if you feel you would be doing something too risky maybe this is not for you however what people are doing is not weird, it is what bitcoin was build upon.

When Satoshi Nakomoto first created bitcoin, only a handful of people knew about it, with time it got wider audience and even started to worth some money and one day it went to 3 dollars per bitcoin, people were really shocked but wanted a taste of it, nowadays that bitcoin worths close to 9 thousand and was once 20 thousand dollars each. Top 20 is not the bad horrible coins, sure there are some like bch and bsv or even xrp if you ask me that are scammy and shady but the legit ones are actually trustworthy coins that worths the risks.

I think Bitcoin was a huge huge risk that's for sure but it was also built by people who understood the true risk of fiat and probably even got burnt by fiat and wanted a way to control their own money. They knew they would be successful in that, they didn't know if their circle of money would also be accepted by others. Alts yes, the same risk, but very different motivations.

[FanEagle]

You might actually find yourself in profits if you are having intentions to hold coins for long term. There are few coins which are on few satoshi at the current market but they might show you huge growth in the coming markets. Also choosing top 20 coins to diversify your investment is a good concept to keep yourself away from the scam coins which could easily be manipulated by the big whales.

Moreover, as you mentioned BSV and BCH as shitcoins, I would suggest you to consider their graphs once. Even those coins(shitcoins according to you) have made an immense growth and they might even be beneficial from the top 5 coins from the coinmarketcap. You can actually follow the trend by adding some of your own research and I am sure you would soon see your $2000 growing.

[BigBos]

You might actually find yourself in profits if you are having intentions to hold coins for long term. There are few coins which are on few satoshi at the current market but they might show you huge growth in the coming markets. Also choosing top 20 coins to diversify your investment is a good concept to keep yourself away from the scam coins which could easily be manipulated by the big whales.

Moreover, as you mentioned BSV and BCH as shitcoins, I would suggest you to consider their graphs once. Even those coins(shitcoins according to you) have made an immense growth and they might even be beneficial from the top 5 coins from the coinmarketcap. You can actually follow the trend by adding some of your own research and I am sure you would soon see your $2000 growing.

holding 20 types of a top altcoin is pretty good, it's just that it's difficult to control. even more so if each coin has a small asset value. however, I would rather focus on a few altcoins than 20 types, or you can focus on ethereum. however, at this time the development of altcoin which is approaching bitcoin is ethereum. so, maybe it's better to have several altcoins with fantastic asset values than to have lots of altcoins but their value is small.

[adroitful_one]

At the risk of going against what most Crypto investors suggest, I've decided to keep the majority of my portfolio consisting of projects from the top 20 Alts (apart from BSV and BCH which are shitcoins) working on the assumption that many of them are down by a far greater percentage in the last few years than bitcoin which has actually gone up

I'm well aware its a gamble but I'm prepared to run the risk of either making insanely large profits or losing my $2K investment especially after watching the markets the last few days, Alt prices have gone up and down faster than a hookers knickers 

Your thoughts peeps? am I stupid, brave, a pathological gambler or a combination of the the three?

You are on the safer side since you invest in top 20 altcoins but still why exclude bitcoin? Taking out profits from time to time can make you double your bitcoin in no time, just look how bitcoin is pumping between 9k and 8k, buying low and selling high will bring better profit in short time

Or another thing you could do that will possibly work out pretty well is just hold Bitcoin until you make a pretty decent profit, then trade the Bitcoin for whatever altcoins you want to hold. I think as more people start cashing in their profits from holding Bitcoin for this last little while, we should start seeing more of them investing in altcoins and the price of those should start going up. I don't have any charts to back it up, it's just a theory I have. Seems logical to me that people will start looking for other investment opportunities whenever they cash out their Bitcoin profits.

[GucciBoy]

Aren't we all taking a bit of a risk here? Wasn't bitcoin essentially build around people who took risks as well? I am not saying you should do it, if you feel you would be doing something too risky maybe this is not for you however what people are doing is not weird, it is what bitcoin was build upon.

When Satoshi Nakomoto first created bitcoin, only a handful of people knew about it, with time it got wider audience and even started to worth some money and one day it went to 3 dollars per bitcoin, people were really shocked but wanted a taste of it, nowadays that bitcoin worths close to 9 thousand and was once 20 thousand dollars each. Top 20 is not the bad horrible coins, sure there are some like bch and bsv or even xrp if you ask me that are scammy and shady but the legit ones are actually trustworthy coins that worths the risks.

Any cryptocurrency is a "risk", BTC included. I believe use case, and tech is the most important thing to look after when deciding which project you want to throw your money at.
There are so many useless, vaporware projects out there that shouldn't have any value, yet does.

Been eyeing Blocknet for a while, and believe it's one of the hidden gems out there, due to their DEX platform. As a node owner (Requiring 5000 BLOCK), you'll be able to profit from DEX trading fees through your node. Once DEX's becomes the industry standard, you'll be able to make a boatload of money off fees, including their decentralized oracle network (Read up on the XRouter, and XBridge tech for more info on that).

All this combined provides 3 income streams as a node owner:

Block Rewards
DEX Fees
Oracle Fees

[justdimin]

Honestly, it doesn't matter what you invest into in this life, most of the time its only the life that will show how much you were right and how much you were wrong. It could be bitcoin, it could be altcoins, it could be stocks, it could be gold or it could be doing your own business and putting capital into it, doesn't matter what it is, in the end if you are right or wrong will only be told by time.

Most of the time if you invest into something that has been successful so far, you will see your profit back and then some, it may take some time, just after you bought it it may fall and make you lose unrealized money but if you wait just enough you will make a profit, sometimes rarely they just fail after years of being good.

Bitcoin has been successful so far, if you invest into it, no matter if it falls right afterwards, you will eventually profit, even people who bought at 20k one day will profit, altcoins however you have to pick very careful or you will not really reach that level.

[cablelavish]

Temtum has gone 3x since it’s launch on coinall nearly a year ago, with the price steady and rising it might be one of the less risky alts out there but certainly has room to grow - much like bitcoin did in the early days

Can't wait to see Tem go to the moon!
Rumors on telegram of a national currency in their plans!

[milewilda]

At the risk of going against what most Crypto investors suggest, I've decided to keep the majority of my portfolio consisting of projects from the top 20 Alts (apart from BSV and BCH which are shitcoins) working on the assumption that many of them are down by a far greater percentage in the last few years than bitcoin which has actually gone up

I'm well aware its a gamble but I'm prepared to run the risk of either making insanely large profits or losing my $2K investment especially after watching the markets the last few days, Alt prices have gone up and down faster than a hookers knickers 

Your thoughts peeps? am I stupid, brave, a pathological gambler or a combination of the the three?

A gambler and also a risk-taker.If you do really aim on making profits then you do need to risk and i do completely say a gamble if you do put up your money in various low ranking coins
but since you do talks or mentioned about top 20 then i say that you had done a considerable step.Its a matter of risk and yes, the rate of increase and decrease would be much painful or
rewarding since alt prices are still low.It do only have 2 outcomes either rise or down and the fact im more happy to hear that BCH and BSV are shitcoins. lol

[brokenrecords]

Great to see the TEM/BTC pairing has more volume than the Ripple (XRP), Hashgraph (HBAR), Tron (TRX), ZCASH (ZEC) BTC pairings - and its only been listed just over a week !

[sana54210]

There is a fine line between being a gambler and risking stuff and being an idiot. If you keep all your money on fiat or btc, you will do not bad, but you will not do INSANELY good neither, there will not be any 10x going on at all on your portfolio.

If you buy the 754th biggest coin which will definitely be a shit coin, you will have a chance to make 10x but at the same time have the same chance to go bankrupt as well, which is a very risky in between zone.

But, if you make a portfolio of the top 20, that means they are both good, but also have a chance to go up as well, that is why its both a decent level of risk but decent level of potential reward as well, I agree that buying the top 20 with exception of some bad ones in there would be the best idea.

[KTChampions]

If such investments are made only with the aim of increasing the volatility and the speed rate of getting profit/loss, then I think there is a simpler option: use margin trading on bitcoin. This is a more understandable and less manipulated asset than most altcoins, so this option is very attractive. Most exchanges provide this opportunity (margin trading) now.

[roaringunknown]

Great to see adoption happening on TemTum’s blockchain

Currently an average of 30,000 non exchange transactions per day and increasing - it took bitcoin over three years to hit the same milestone

The future looks promising as more and more companies and national state test out temtums blockchain

source for Bitcoin stat - https://www.blockchain.com/charts/n-transactions?timespan=all

[ElephantPro]

My portfolio consists of Bitcoin + what I'm willing to lose on shit coins. I mean if one of them goes 1,000x, that's the dream.

[Hairynipples]

There is a fine line between being a gambler and risking stuff and being an idiot. If you keep all your money on fiat or btc, you will do not bad, but you will not do INSANELY good neither, there will not be any 10x going on at all on your portfolio.

If you buy the 754th biggest coin which will definitely be a shit coin, you will have a chance to make 10x but at the same time have the same chance to go bankrupt as well, which is a very risky in between zone.

But, if you make a portfolio of the top 20, that means they are both good, but also have a chance to go up as well, that is why its both a decent level of risk but decent level of potential reward as well, I agree that buying the top 20 with exception of some bad ones in there would be the best idea.

Just an update on my portfolio, I sold my bitcoin holdings a few days ago and went 100% all in on Alts specifically Eth,BNB,ADA,NEO,EOS,TRX and BTT.

So far in the last few days my portfolio is up by a far greater percentage than if I'd just held BTC, so fingers crossed Alt season is finally upon us

I personally think I'm far more likely to make a decent profit from Alts at least in the short term, I'm not averse to selling them at a profit for BTC though.

[SlimShadyMmp]

BTC most of the time determines the prices of other altcoins though there is some slight resistance i really dont think is that much so i will advice you watch the market closely and get out as soon as you take much better profit

[carlisle1]

BTC most of the time determines the prices of other altcoins though there is some slight resistance i really dont think is that much so i will advice you watch the market closely and get out as soon as you take much better profit

but the problem with BTC investing is the longer of waiting not like in some altcoins that can be determined the profit in just few hours.
this is why DayTraders usually look for altcoin that might Pump in a certain occasion ,and Bitcoin remains as for long term investing when people can take a year or more before tasting their income.
this is why i choose Bitcoin because i have no time for daytrading and also i am willing to take years as this is just my extra money and not that important to mine.not unless there is emergency that i will be needing to withdraw for important reason.

[Samayuki]

At the risk of going against what most Crypto investors suggest, I've decided to keep the majority of my portfolio consisting of projects from the top 20 Alts (apart from BSV and BCH which are shitcoins) working on the assumption that many of them are down by a far greater percentage in the last few years than bitcoin which has actually gone up

I'm well aware its a gamble but I'm prepared to run the risk of either making insanely large profits or losing my $2K investment especially after watching the markets the last few days, Alt prices have gone up and down faster than a hookers knickers 

Your thoughts peeps? am I stupid, brave, a pathological gambler or a combination of the the three?

I hope you are fully aware that those two coins you called shitcoin are among the most profitable altcoins presently? BSV and BCH have already give investors good profits, i still would go with BCH because the coin can easily reach 1500$ if bitcoin keeps growing, don't condemn a coin because they are forks of bitcoin, they can do better than popular altcoins

[SquallLeonhart]

Finding those small coins that doesn't normally rank well but has a potential to go up because of the team is always a great challenge and brings a lot of profit tho. I understand some people could be scared of it but the reality is if a coin is listed at a low place but has a team that works constantly on it and has the money to do so, nobody could deny the fact that people would be able to find a diamond in the rough neither.

All you have to do is find a coin that has a good team, good developers, good marketing, good community and a great roadmap that just hasn't started deploying what they said they are working on. Its like going into a pharma company and buying stocks before it creates a new drug that will help people out in a sickness which would profit them.