Buy only bitcoin or take chances in altcoin casino?

[duff_lesterny]

There is different type of altcoins even if we can indeed speak about casino.

However, we can look at some parameters:

- How old is the coin?
- Was it attach overtime and how did it evolved to prevent such attack again?
- Does it have an active development community?
- Does it play the marketing part at 100% in order to attract people or is it reinforcing it's technology foundation to make sure it will stay overtime?

Bitcoin is a reference. 50% in the portfolio is great. Then you can probably put 5% here and there. I would keep 10-20% for highly undervalued coins such as Feathercoin for instance.

[Barbut]

There is different type of altcoins even if we can indeed speak about casino.

However, we can look at some parameters:

- How old is the coin?
- Was it attach overtime and how did it evolved to prevent such attack again?
- Does it have an active development community?
- Does it play the marketing part at 100% in order to attract people or is it reinforcing it's technology foundation to make sure it will stay overtime?

Bitcoin is a reference. 50% in the portfolio is great. Then you can probably put 5% here and there. I would keep 10-20% for highly undervalued coins such as Feathercoin for instance.

I agree with you man, 50% in Bitcoins is great for every portfolio. We can't deny the existence of some altcoins, and their potentially great future. I have around 10-20% in some undervalued coins, with the price under 10c and market cap lower than 10 million. Who knows what the future holds, the crypto market is changing all the time, making progress, upgrade, I wouldn't be surprised if we see some changes in the top 10 in the next few years!

[palle11]

I think that bitcoin is going to make more gains than altcoins. Despite that it cost more to buy one bitcoin but altcoins can be cheap and most of them get dumped back. Bitcoin investment seem to be a better one than many investment in altcoins.

[el kaka22]

Honestly, the undervalued coins are sometimes so low that you can literally buy 100 dollars and own probably 1% of the whole market, that is what I like about them so much. Of course, with this new ICO bs and other stuff the owners have like 40% of all coins and they can also print whenever they want etc etc which causes the coin to be really low value, however if you look at the old ones that weren't done with ICO but done by just developing and releasing, some of them are really low value and you can buy a bunch of them and just hold it aside to make as much of the market as you can by yourself.

I personally hold a couple like that and I am waiting on them to go up but if they won't go up, that is still fine because I didn't really invested too much money into them anyway so it's fine.

[Lucius]

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

I really don't see why this would happen, given the current price of ETH ($269) vs BTC ($10 240), which means you can buy 38+ ETH for one BTC. While there is always a chance that BTC will not succeed in the future, I believe that then all other altcoins will disappear in that case.

Altcoins are just as OP title is saying casino, 99% of them have neither, nor will they ever have any purpose. Their purpose is pump & dump, they do not serve as a means of payment or as a store of value.

On the other hand, BTC has a practical application, it is fully decentralized, has limited supply and the greatest chance of becoming something of a serious player. There will always be those who will go with less resistance (read cheaper option), and invest in ETH, LTC, or BTC clones - let them gamble, their money, their risk.

[shield132]

I would say for profit purposes, altcoin(s) will win but the question is, can you guess which altcoin will have the massive gains? In 2017 ripple had the most amazing rise, from 0.006$ it went up to 3$. But we have to agree with that almost all altcoin follows to bitcoin's price movement and this means bitcoin is leader.
High risk = high reward. If you are a person who likes doing a lot of research and taking high risks, then personally I would stick altcoins. I have no idea why some people ignore altcoins because there is very high profit potential in them, not only profit but some of them are really innovative.
And if you are going to just follow the wave of hope of rises and halving, then stick with bitcoin.

[Dr.Osh]

I think that bitcoin is going to make more gains than altcoins. Despite that it cost more to buy one bitcoin but altcoins can be cheap and most of them get dumped back. Bitcoin investment seem to be a better one than many investment in altcoins.

it's true that investing in bitcoin is a sure thing, and quite good compared to investing in altcoin, it's just not for the top altcoin. the current development of the price of an altcoin is also quite good, I currently hold more ethereum than bitcoin. if you hold 0.1 bitcoin, then it can only be 0.1 bitcoin, whereas when you hold 0.1 bitcoin in the form of altcoin, it is likely that the amount can increase at this time. ethereum is one example of altcoin rising today.

[pgbit]

Investing all money in one coin is not a good idea, altcoins are not useless, Bitcoin needs altcoins too. So, if you really support the crypto idea, you should appreciate good potential altcoins too. Look at the altcoins market now, most of the coins are getting a green signal and increasing in price. So, I would diversify my investment in various altcoins too.

[KTChampions]

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/

Nothing new has happened in this area - bitcoin is a more reliable investment, but less profitable in a growing market. Altcoins are a more risky investment, but also more profitable in a growing market.
In fact, if you believe in growth, but want to make a reliable investment, you can invest part of the funds in bitcoin, and part in altcoins.

[Kelvinid]

Investing all money in one coin is not a good idea, altcoins are not useless, Bitcoin needs altcoins too. So, if you really support the crypto idea, you should appreciate good potential altcoins too. Look at the altcoins market now, most of the coins are getting a green signal and increasing in price. So, I would diversify my investment in various altcoins too.

That only be good if you choose the right/potential altcoins but if you are investing those altcoins that don't have market volume, you'll just losing your money. Bitcoin remains unbeatable in the market in terms of profit gaining, altcoins will only be profitable if the market grows just like today. If you are planning to diversify your portfolio more into altcoins, you better have to begin it now before it will skyrocket.

In fact, I'm looking for that also but I'm not going to buy those on the top altcoins instead of considering in the bottom that has already been performing well in previous years coz this there is a big chance that it moves high back again as it did before.

[vintages]

For me, I think Bitcoin will always be leading.
From my perceptive, I feel that altcoins won't do much if the price of Bitcoin remains stagnant. In most case for an altcoin to break a price barrel, there will be a rise in the price of Bitcoin.
There I suggest anyone who is buying or investing in any altcoins should at least invest in some Satoshi. Its a safer alternative.

[adzino]

Altcoin casino? I guess you are comparing investment with gambling. You shouldn't though. You have far more control on your investment money compared to gambling money.
Anyway, if you want to make steady and slow profit with less risk to carry, then yeah, just invest on bitcoin and keep holding it. But, if you are looking for some quick profit (and also quick losses!), then invest on altcoins. Remember, you will be risk level will be very high and chances are you will be losing you investment within few days.

[eaLiTy]

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

I am not seeing a situation like this even in the distant future.

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).

If you invest in BTCitcoin well before the fork then you have already taken the risk to invest in the long run which means you hold major forks and if that is the case there is nothing to worry and despite saying that only BTCitcoin will come out on top rather than any other alt coin in the market.

[jackg]

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

I am not seeing a situation like this even in the distant future.

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).

If you invest in BTCitcoin well before the fork then you have already taken the risk to invest in the long run which means you hold major forks and if that is the case there is nothing to worry and despite saying that only BTCitcoin will come out on top rather than any other alt coin in the market.

Were dealing with a very volatile market. Eth has overtaken bitcoin in price according to coinbase in the past (I thik it was coinbase anyway).

The point being: what if another, much better currency comes out that can threaten the post of bitcoin. Bitcoin is high in price because its secure and well known, if another currency can do both of those but be more user friendly the there's a chance it can take over.

Some forks won't be held by you such as newly created coins, I doubt a chain split would cause much competition in the network yet at least...

[coolcoinz]

Altcoins are a gamble, you're right about that. The best part about it is that they do not go up and down, some of them go only down with small insignificant pumps along the way and the whole altcoin community is trying to catch those pumps and sell with a profit. That's why you mostly lose with alts. Bitcoiners aim at long term investment and holding while altcoiners treat their coins like shit and really want to be in fiat or BTC and are greedy.
I say buy BTC.

[kamblepatry09]

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.

[KTChampions]

Altcoin casino? I guess you are comparing investment with gambling. You shouldn't though. You have far more control on your investment money compared to gambling money.
Anyway, if you want to make steady and slow profit with less risk to carry, then yeah, just invest on bitcoin and keep holding it. But, if you are looking for some quick profit (and also quick losses!), then invest on altcoins. Remember, you will be risk level will be very high and chances are you will be losing you investment within few days.

But if you look at the events of the last week, then it is obvious that if crypto as a whole grows, then the main altcoin (ETH) grows faster than bitcoin. If we expect the start of a large bull market, then it is best to invest in ETH and some other altcoins.

[carlisle1]

For me, I think Bitcoin will always be leading.
From my perceptive, I feel that altcoins won't do much if the price of Bitcoin remains stagnant. In most case for an altcoin to break a price barrel, there will be a rise in the price of Bitcoin.
There I suggest anyone who is buying or investing in any altcoins should at least invest in some Satoshi. Its a safer alternative.

There is no doubt that bitcoin must be on the top of list because no coins that can assure as profit specially if we can Keep it for a long time.

I have my bitcoin more than other currency in my folio.

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

[Oasisman]

I think that bitcoin is going to make more gains than altcoins. Despite that it cost more to buy one bitcoin but altcoins can be cheap and most of them get dumped back. Bitcoin investment seem to be a better one than many investment in altcoins.

Obviously Bitcoin can make good and lesser risk returns than any other alts in the market. The only thing that hinders most of the investors to put all their money on BTC, is because Bitcoin is way too far expensive than all of the alts in the market. Investing in alts isn't that bad, but the risks level is higher than Bitcoin's.

[coin_1122]

I think that bitcoin is going to make more gains than altcoins. Despite that it cost more to buy one bitcoin but altcoins can be cheap and most of them get dumped back. Bitcoin investment seem to be a better one than many investment in altcoins.

Obviously Bitcoin can make good and lesser risk returns than any other alts in the market. The only thing that hinders most of the investors to put all their money on BTC, is because Bitcoin is way too far expensive than all of the alts in the market. Investing in alts isn't that bad, but the risks level is higher than Bitcoin's.

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$, now their profit will be around 7200$.