Buy only bitcoin or take chances in altcoin casino?

[andamarina]

Bitcoin i would say, but also there might have been a lot of altcoins and many deserve a good research and invest on them, maybe buy both but more money to go on bitcoin.

[1714969155]

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[1714969155]

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[Yamifoud]

A simple poll to know if every person in this speculation subforum has a similar attitude in trading and investment as they had on 2016 and 2017.



The bullish sentiment is back, and traders have been placing their allocations on their favorite blockchain projects. The question on most investor’s minds is which coin will have the biggest payoff? Is it Bitcoin, the largest coin by market cap, or smaller cap Altcoins?

Read in full https://bitcoinist.com/bitcoin-vs-altcoins-which-will-make-you-more-money-in-2020/

Altcoin could somehow have a chance and to be more profitable than of Bitcoin "if they are going to the moon". But the question is, are they still have that looks without hypes? And the answer is they don't have. Altcoins still relying on Bitcoin's future and its trend, if Bitcoin will rise the more it become profitable. We live in this thing for many years and altcoins never meant to have many achievements than Bitcoin.

[JimboToronto]

The thread title is apt.

Bitcoin is an investment.

Altcoins are gambling.

[criza]

I'd suggest diversification at least among the major coins.

If for example in a few years, 5btc becomes worth 1 eth them you'll still have 1 eth from now...

A lot of this depends on how much risk you're willing to take and also how likely you think bitcoin is to come out on top over the years (not just in 2020).

I agree, diversification in investments is a good strategy when dealing with Crypto currency because, these coins changes its price over-time based on its standing in the market.

Even though, that the standing of Bitcoin for now in the market is in a sure pump, you could still invest in other coins to gain advantage and secure your money more and avoid total loss in the end when your goal doesn't go as planned.

[fortunecrypto]

A simple poll to know if every person in this speculation subforum has a similar attitude in trading and investment as they had on 2016 and 2017.



The bullish sentiment is back, and traders have been placing their allocations on their favorite blockchain projects. The question on most investor’s minds is which coin will have the biggest payoff? Is it Bitcoin, the largest coin by market cap, or smaller cap Altcoins?

Read in full https://bitcoinist.com/bitcoin-vs-altcoins-which-will-make-you-more-money-in-2020/

Majority will prefer Bitcoin because it is it's year, but there's a huge profit to be investing in the right altcoins, altcoins are here to stay even though the market dominance belongs to Bitcoin, there are a lot of innovation these altcoins are introducing to the community, they will also have their time to shine.

[rdluffy]

Why not enjoy both of the worlds? 

I have my largest portion of portfolio based on BTC, but I have some altcoins too, but only the top altcoins, like ETH, XMR etc
I prefer not to invest on unknown altcoins because there is a lot of bad projects and I don't have a lot of time to research, I have to do my regular job everyday, so I'm satisfied with my strategy

[hatshepsut93]

Majority will prefer Bitcoin because it is it's year, but there's a huge profit to be investing in the right altcoins, altcoins are here to stay even though the market dominance belongs to Bitcoin, there are a lot of innovation these altcoins are introducing to the community, they will also have their time to shine.

Altcoins are not here to stay, hundreds of altcoins have already died, hundreds have lost almost all their value, and thousands more are just waiting for it to happen. Yes, the phenomenon of altcoins will exist for a long time, but individual coins will not, and this makes investing in alts extremely risky. Risk in itself is always a part of investment, so we should ask if there's enough reward to justify the risk? I believe the answer is no, it's not 2017 anymore, very few altcoins will moon, so the average expected value of altcoin investments likely to be negative (at least relative to Bitcoin).

[plvbob0070]

Why not enjoy both of the worlds? 

I have my largest portion of portfolio based on BTC, but I have some altcoins too, but only the top altcoins, like ETH, XMR etc
I prefer not to invest on unknown altcoins because there is a lot of bad projects and I don't have a lot of time to research, I have to do my regular job everyday, so I'm satisfied with my strategy

Same with you, having a huge portion of bitcoin in our portfolio might be a good option and it seems other members here also have this kind of portfolio. We all aware that bitcoin is a very valuable cryptocurrency that's why some people only stick with this investment. But, we should still diversify our investment to different good cryptocurrencies. Investing in a unknown altcoins will gonna waste your time and money so it's better to avoid it, just focus on the good altcoins. And, if ever you don't have enough time to do research maybe it's better to stick on the altcoins that you know because investing in a new project gives you a hard time like you need to check their background, website, the team behind the project and many more. Lastly, just keep on investing in bitcoin but not also forget to invest in the top altcoin just like what you have mentioned.

[pooya87]

The question on most investor’s minds is which coin will have the biggest payoff? Is it Bitcoin, the largest coin by market cap, or smaller cap Altcoins?[/i]

the question is already answered hundreds of time by the market itself and the answer can be found by simply looking at the history (that is charts) and it has nothing to do with market cap since that is just an arbitrary number that can easily be manipulated by altcoins.

in short:
there is nothing that can compete with altcoins in short term since they are garbage pump and dumps that can be pumped thousands of percentage in a short time like half a day! there is literary no asset in the whole world that can be pumped like that in such a short time. but at the same time it is a pump so there will be a dump right after it.
but when it comes to long term, since bitcoin is the only cryptocurrency with actual utilities and real adoption in real world not just on exchanges, it has the long term potential and will continue growing no matter what happens in short term. in other words when bitcoin price rises it won't come down.

[judaspriest]

up to you, my advice is to buy ALtcoin and Bitcoin, because this year it will be interesting, Bitcoin halving, Ethereum 2.0 and the high dominance of bitcoin may drop at any time

[beerlover]

At first I thought about "casino" as in literally casino, like buy altcoins and go gamble with it on a casino and I was confused why these were two options which are totally different from each other. To everyone who assumed the same way the way I assumed, normally what OP is trying ask is the fact that "would you buy bitcoin which is guaranteed or risk it with lower altcoins with a higher chance?".

I personally think you could divide your portfolio a lot in order to make both of it work together, for example lets say you are going to invest 10 thousand dollars right? You can put 5 thousand dollars into bitcoin, 2000 dollars to ethereum, 1000 dollars to xrp, 500 to dash, 500 to stellar and continue like that for all coins you like. That way you would be heavily into bitcoin but also have smaller coins as well.

[jhonjhon]

Though bitcoin is on top of all the coins but I would still go with taking chances on other major altcoins because who knows they'll have their chance in the future and some altcoins now like eth are doing good with the trend and it is trying to catch up so maybe in the future they will cost a fortune to if I have enough money to divide it to altcoins and bitcoins then i'll go for it.

[posi]

I'd suggest diversification at least among the major coins.

If for example in a few years, 5btc becomes worth 1 eth them you'll still have 1 eth from now...

A lot of this depends on how much risk you're willing to take and also how likely you think bitcoin is to come out on top over the years (not just in 2020).

Diversification is good but you understand that it does not work for every body because some people dont really have the knowledge to manage or select the appropriate altcoin 3 or more coins.
I believe the best and safe haven coin is still bitcoin since it halving is also coming.

[adaseb]

Basically it all boils down to what risk and reward you are willing to take. Basically Bitcoin is a much safer and higher probability trade because it has the highest chances of being around in a few years and going up in value however keep in mind that the gains won't be exponential. We probably won't get a 100x move unlike some coins like Ripple which had a 140x in over a year.

However with those alts keep in mind that many right now are at over 90% losses from all time high while Bitcoin is only 50% from all time high. I think the best approach is to own a portion of each, some Bitcoin and some alts in case they go big. One issue is that many alts right now, especially the large caps like BCH or LTC aren't really cheap to begin with. They were best to buy in a bear market and not now.

[sunsilk]

Bitcoin is more of a safe haven so whether you will diversify with the altcoins, you can still recover if ever the coin you choose becomes part of your loss. I'm still in the recovery process with my alts and learned the lesson there but I think, I'll determine how long I'll be with alts.

Still, at the end of it, I'll remain bullish and long term for bitcoin but I'm ok to turn in for some alts just for playing(trading) it.

Its not bad to always have this kind of consideration if we do talk about alternatives. Diversifying is always been a good option yet this do lessen out the
risk on getting wrecked 100% yet we know we do still have the chance on recovery on other coins we've putted on.

The thing or concern here is that you should target those good or top rank ones rather than considering on putting a shot on low cap/priced coins
hoping for some whale pump.This isnt ideal and also riskier.

Overall, Bitcoin would be the heavily favorite when it comes to long term aspects.

It's good to diversify as long as your choices are considerable and you know how to adapt the moves of the market. But if you're just investing to any kind of altcoin and you have no idea how long you will hold them and then you're more focused on it, I think that's a bad idea.

Hold a certain amount of bitcoin and start your plan there, how long you will hold it and at what price you're willing to dispose it. While in altcoins, you should be aware that you the risk there is much higher than bitcoins.

[FanEagle]

Of course, it would be bitcoins to have the biggest payoff. People usually have huge expectations from bitcoins rather than any altcoins because altcoins possessing lower market caps can even be manipulated by big whales which would never be a good reason for the investors to invest into those altcoins. No doubt that there are some extremely profitable altcoins which might even have a significant growth but mostly, such altcoins move along with bitcoins with might first make bitcoins experience a pump which would then be followed by such altcoins.

Altcoins which I think would have a better price growth are XRP, ADA, EOS, BNB, TRX. I have my hands on these coins which made me dig for some TA but I would not personally like to diversify my investment in several other coins. I would like to keep my portfolio bad with minimum but potential coins.

[The Sceptical Chymist]

I'd suggest diversification at least among the major coins.

I tend to agree with that, though I'm mostly for holding bitcoin exclusively.  There are some altcoins I like, but there aren't many and they generally don't represent any of the top 15 on coinmarketcap.  Being able to stake Tezos from a Ledger is appealing to me, for example.  That's the only coin in the top 10 that appeals to me, and I think those rankings are misleading anyway.

Altcoins have come roaring back--at least just somewhat, but that's probably because bitcoin itself has been up significantly.  I do get the sense that they'll be the first to crash if the market takes a dive, and they'll probably fall much more than bitcoin.  The altcoin market really is like a casino, and I'm sort of averse to gambling.

[exstasie]

If you do "diversify" your long term BTC investment into altcoins, just remember to actually take profits after significant uptrends on those ALT/BTC pairs. Too many altcoin investors buy into altcoin season and just go full retard, refusing to sell, turning themselves into future long term bagholders.

To succeed, you need to do the opposite: constantly bank altcoin profits while the gains are easy, and then only long term hodl BTC.

Believe me when I say, you really don't want you capital locked into a multi-year shitcoin bear market. The drawdowns aren't worth the risk at all. If you're just going to ride altcoins down 95%-99% over the long term, you're better off holding BTC.

[Stedsm]

Currently, I'm putting my watch on the coins which were launched on the Binance platform through their IEO feature. I believe there are still some coins waiting to get to their purchase values and should definitely rise due to this fact alone. On other hand, if I had BTC, I'd definitely refrain from investing in some single-digit Satoshi coins (trust me, Pundi X is my all-time favorite project but I got fucked by the same project as the value didn't rise but crashed hardly and made me lose around 1.5 BTC which I made through it only). You have some better choices available and I still see Waves to be waving hard once again towards its top.

[Baoo]

Buying Bitcoin is pretty necessary especially if you want to play safe and secure your money, you will certainly get an acceptable profit specifically in a medium and long term ( more than 3-4 months ) due to the halving event will be after 90 days I would guess but taking the risk with a plan is essential IMO, try to pick some altcoins especially who have a good characterstics, but I don't advise you in order to waste all your budget on these altcoins, maybe 30% if possible.