Buy only bitcoin or take chances in altcoin casino?

[kamblepatry09]

[snip]

I prefer BTC, cause Altcoin market is depended on the price of bitcoin.
Current Bitcoin market is on a bull flag and it is sure price will not fall before next halving,
so it is better to hold Bitcoin for a long time, I think it will not disappoint us.

But don’t forget mate because alt coins can grow more than what bitcoin can give in a short period of time so still diversification is the best way to handle our investments here

Yes, Altcoins may able to grow more but trading alt coin is really painful and anxious. The future of Altcoin is uncertain. Bitcoin is better if you want to do risk free trading.

[bbc.reporter]

The thread title is apt.

Bitcoin is an investment.

Altcoins are gambling.

However, that was not the question on the poll.

In anycase, it appears many of everyone who replied will not pass the bitcoin maximalist purity test hehehe.

[KTChampions]

When we are investing in altcoin here is a huge chance of risk compared to Bitcoin, that's why everybody suggests us to invest in Bitcoin instead of altcoins. People who invested 1000$ when the price of Bitcoin was around 3200$, now their profit will be around 7200$.

How did you calculate that?
Bitcoin made x3 from that level. So the net profit is $ 2,000 (a little more but not important).
Perhaps you mixed something up when switching from natural numbers to percentages and vice versa.

[kapalmabur]

When we are investing in altcoin here is a huge chance of risk compared to Bitcoin, that's why everybody suggests us to invest in Bitcoin instead of altcoins. People who invested 1000$ when the price of Bitcoin was around 3200$, now their profit will be around 7200$.

How did you calculate that?
Bitcoin made x3 from that level. So the net profit is $ 2,000 (a little more but not important).
Perhaps you mixed something up when switching from natural numbers to percentages and vice versa.

Maybe she's sleepy, if calculated indeed net profit earned about $2000, because that invested only $1000, maybe you want to say $10000? Obviously if you invest $10000, you can now have a profit of $7000 more

[pacman7331]

I would like to play with altcoins too. If you only buy and hold the bitcoin then you will feel what great things you missed! There are many potential altcoins in the market! Even many altcoins can give you profit than Bitcoin. That's why my strategy is to buy bitcoin by 60% of your total money and other 40% split into various good altcoins!

[bbc.reporter]

[snip]

I prefer BTC, cause Altcoin market is depended on the price of bitcoin.
Current Bitcoin market is on a bull flag and it is sure price will not fall before next halving,
so it is better to hold Bitcoin for a long time, I think it will not disappoint us.

But don’t forget mate because alt coins can grow more than what bitcoin can give in a short period of time so still diversification is the best way to handle our investments here

Yes, Altcoins may able to grow more but trading alt coin is really painful and anxious. The future of Altcoin is uncertain. Bitcoin is better if you want to do risk free trading.

There is no risk free trading, however. Also, Bitcoin is used most as a speculative investment with its own high risk and high volatility.

[KTChampions]

When we are investing in altcoin here is a huge chance of risk compared to Bitcoin, that's why everybody suggests us to invest in Bitcoin instead of altcoins. People who invested 1000$ when the price of Bitcoin was around 3200$, now their profit will be around 7200$.

How did you calculate that?
Bitcoin made x3 from that level. So the net profit is $ 2,000 (a little more but not important).
Perhaps you mixed something up when switching from natural numbers to percentages and vice versa.

Maybe she's sleepy, if calculated indeed net profit earned about $2000, because that invested only $1000, maybe you want to say $10000? Obviously if you invest $10000, you can now have a profit of $7000 more

I think this is not a typo, namely a mistake. The person who invested $ 10,000 in bitcoin at a price of $ 3200 now has a net profit of about 20,000. This is very different from 7,000.
But in any case, individual segments are not proof of anything. For comparison, we need to take more extensive statistical indicators.

[Dr.Osh]

I would like to play with altcoins too. If you only buy and hold the bitcoin then you will feel what great things you missed! There are many potential altcoins in the market! Even many altcoins can give you profit than Bitcoin. That's why my strategy is to buy bitcoin by 60% of your total money and other 40% split into various good altcoins!

shortcomings withholding altcoin are happening right now. it can make you have fewer assets. in bitcoin pairs, sometimes the price of an altcoin is rapidly decreasing, like now. however, if you stick to it, it might make your assets grow more. so when the price of a bitcoin pump, I think the price of altcoin also will not be silent and will rise. it makes you get a greater profit than when you hold bitcoin.

[tbterryboy]

Altcoins and bitcoin is not the only option you could follow. You could definitely go for a better or at least less riskier option with stocks or gold or real estate so that you could know what you are doing is still not as risky as losing all of your money. Bitcoin once dropped 80% in price from $20k to $3k, you wouldn't want that to happen again for your portfolio.

However, if you are strictly crypto person I would say just simply divide them equally, go buy 50% bitcoin and 50% altcoin, buy top altcoins with your 50% and with the last 10% of that 50% you should buy risky stuff and gamble on what you want to do. That is the most logical and most suggested method for everyone that has been said millions of times so far. Never go full bitcoin or full altcoin.