Why I am focousing more on $ALTS than Bitcoin

[milewilda]

Basically it's all depends on which one can be more beneficial at this time Bitcoin or a best performing altcoin if I see a suitable altcoin which can give me more profit than btc so I would definitely invest on it to make some good amount of profit after all it can be wise decision to pick that way where you find more benefits.

Yeah. When you are a trader then you must want to know how to make more profit. For this the trader wants to take advantage of every opportunity. Since, DeFi hype has been created in the altcoin market which is why the coins of DeFi projects are being pumped.

Traders now have the opportunity to make quick profits from DeFi project coins. If you are an experienced trader then you can get good results in any market. I have seen a lot of traders who prefer to trade in that trend when it starts. And most of the time their decisions are right.

All varies on how you do handle out yourself but there are really people who do really just stick out with BTC no matter what and dont consider altcoin investment as an another option for them to make money.
For those people who do risk out will definitely have that chance on gaining profit even more if the said situation would really go as planned.We didnt even expect that DeFi did really make this kind of buzz
or trend in the market and for those who indeed consider on positioning themselves before this trend happened then they are the ones who do really make out some serious profits.
Its just a matter on how you do look into the market and do really mix up with some gamble if you do willing to risk or not since we know that outcomes wont really be that precise from time to time.

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[goaldigger]

Basically it's all depends on which one can be more beneficial at this time Bitcoin or a best performing altcoin if I see a suitable altcoin which can give me more profit than btc so I would definitely invest on it to make some good amount of profit after all it can be wise decision to pick that way where you find more benefits.

Besides that, when that person chooses altcoin as his way to make a profit, he will analyze before he decides, so he can find that the potential altcoin. It is not easy because we know that many altcoins out there, and if we are making a mistake choosing the altcoin, we will not be able to make a profit. But some people select bitcoin and altcoin to make a profit.

We can choose both and invest on what is more profitable, its easy to choose bitcoin but looking for a profitable altcoins is quiet not easy and you have to know your target price to buy and sell on altcoins considering the number of altcoins, it takes time as well. I have no favoritism, and I trade on most of the opportunity to make money in the market whether its bitcoin or altcoins, it doesn’t matter as long as I get reach the target.

[coinporch]

Bitcoin has gone up in a few months, and the dominance of bitcoin has also gone up high,
and it's time for altcoins to show that altcoin is a worthy investment, altcoin season is coming, don't miss it.

but, in my opinion this altcoins seasons will be different with the past, because in this season only a solid and reliable altcoins project will going to the moon
and shitcoins will dead soon buddy

[terciduk123]

Investing in the right few Altcoins is more profitable than Bitcoin. like the current DeFi trend, the prices of some DeFi tokens have multiplied. but if we choose the wrong Altcoin in investing, then we can lose our money. so even though Altcoins look more profitable, don't put all our money in one place.

[Reatim]

Well I would look for the ALTS MARKET CAP closely now, as it's the major indication of BTC continues uptrend. According to this projection it's not even the beginning of our upward wave I wrote on weekends.

Let's wait the fixation above 12k$ & Alts Market Cap outflow.

are you referring to DEFI project here since they are the one who's on top of growth now like Chainlink?
i Think yeah they are going higher now and the ROI is really amazing but my question is would all this may long ?of will dump after a while?

I know how High the value of Bitcoin and Ethereum now but at least those 2 are tried and tested already that making a comeback after the fall,but those altcoins specially the pumping now haven't even proven their capacity to make others trust them aside from this recently High Movements.

[Iyeman]

The DEFI has also brought a lot of contribution for the altcoins to eat the bitcoin dominance. you can see the latest report that has already published on some sites and it says that if defi has already reached more than 6 billion on the total funds that were still getting locked.

it's also boosting the total mcap that has already achieved by altcoin too. im all in altcoin too.

[Btc_1856]

Well I would look for the ALTS MARKET CAP closely now, as it's the major indication of BTC continues uptrend. According to this projection it's not even the beginning of our upward wave I wrote on weekends.

Let's wait the fixation above 12k$ & Alts Market Cap outflow.

The market off altcoins has been presenting significant growth over the past weeks and while bitcoin has grown as well it has lost several points when it comes to its dominance so it is clear that the current growth in the market is altcoin driven, so you are not wrong when you say that you are putting more attention to altcoins than bitcoin, just remember that the market moves in cycles and just as altcoins can outperform bitcoin there are very long cycles in which bitcoin is the one that outperforms altcoins.

yes that's why focussing on altcoin is make chance to make more profit than keep our money bitcoin where the movement is slowed than altcoin.
but still keep an eye on bitcoin and place the profit in bitcoin

You are right, everyone is investing in altcoins in order to increase their value in Bitcoin, once the attacking prices start recovering and in the same way, there is a huge risk involved in it. So we should always carefully invest in potential altcoins otherwise we might lose more value.

[Andrews193]

Bitcoin and altcoins have good combination of holding or trading it because you can get more profit if you do this.
But many people are focusing to the altcoins which is cheaper value compared to the bitcoin because alts will give to them a high value.

Bitcoin is giving them too profit but not a huge than what possibility altcoins holder/trader will be get .

Exactly, altcoins right now have a lot of new names with quite a low value but in return, they deserve to invest when the resources behind are huge, and with such great resources, they can easily scale and raise funds and achieve bigger prices in just a short time while bitcoin could be said to be in a phase of saturation, its potential was already at a level that everyone could estimate. People's estimates suggest that profits will only be relative to bitcoin but altcoins will be a bigger source of profits when they're too new and too hard to predict their potential

[Yamifoud]

Well, seeing those charts means that we have a good trend for altcoins and provide an exciting moment this time than Bitcoin has. But we can't deny that this trend never takes so long and being potential all the way unlike that Bitcoin have. I'm not actually skipping into altcoin because I also invest some of it just like ETH and BNB but I spend more than half of my capital into Bitcoin for I know that it deserves to be trusted.

These amazing trends will soon change, the resistance might it stronger than Bitcoin but we are considering how it takes for a long-term market position and I know that Bitcoin looks better than these altcoins.

[leea-1334]

At least keep a portion in BTC, and have fun with all the projects that moon lately where you can make huge amount of profit.

No matter what you are doing, you should not forget to hold bitcoin because it is still valuable and it can go up high again. Anyway, I'm also monitoring the alt market especially the DeFi projects because many investors are coming into this new platform and we have to join that hype to earn as well. Some old altcoins was able to pump as well, so you should look into it and see if you still have that tokens, time to sell maybe.

Sounds like good advice to me,,, and one I sort of tell people too. Altcoins is gambling, let us face it. Put 1% in it I would say, no more than 2%. Of course I put about 10% and growing in ETH/XMR/LTC but these are very old projects I know will not dump.

[Roidz]

Although we cannot predict the future of crypto, but if we invest money in bitcoin is a fairly safe alternative than investing large amounts of money in alternative coins projects, which currently seem to be a way for scammers to gain profit, but of course outside There are still many alt coins projects that can give us an advantage, but in this case maybe only 20% of the projects are really real, so we must always be careful and careful in choosing the Alts coin project so as not to become a victim of a fraudulent project.

[Captain Corporate]

 I understand that some people think "bitcoin can't do x100 in the near future, whereas my altcoins can" and they might be right, there were and will always be some coins that will be x100 one day, of course %99+ of them will not be x100 but if you are super lucky you can find that one that makes that huge profit for you, whereas bitcoin could never be x100 any time soon, maaaaaybe in a decade or more but nowhere soon.

 However you have to understand people who also invest into bitcoin wants to make that %10-20 profit over the possibility that your altcoin could go down, bitcoin can't go down too much, it could always go down but I doubt it could ever be %90+ loss, even on the worst ever it went from 20k to 3k but if you waited a bit it moved back over 10k once again, while some alts that went down same period are still down %90+

 So the people who invest into altcoins and invest ICO's and defi's and so forth want huge wins, the people who invest into bitcoin and ethereum wants regular returns that are realistic but more possible.

[Mahanton]

At least keep a portion in BTC, and have fun with all the projects that moon lately where you can make huge amount of profit.

No matter what you are doing, you should not forget to hold bitcoin because it is still valuable and it can go up high again. Anyway, I'm also monitoring the alt market especially the DeFi projects because many investors are coming into this new platform and we have to join that hype to earn as well. Some old altcoins was able to pump as well, so you should look into it and see if you still have that tokens, time to sell maybe.

Sounds like good advice to me,,, and one I sort of tell people too. Altcoins is gambling, let us face it. Put 1% in it I would say, no more than 2%. Of course I put about 10% and growing in ETH/XMR/LTC but these are very old projects I know will not dump.

Im not really that much into such belief that those top coins will not dump yet we know on how unpredictable the market is and yes everything would really be a gamble even with BTC or altcoin neither of the two.
Some people can really take up the risk and they do test it out if it really do works for them or not.We cant say that they arent aware on the risk but we know the probabilities on making big money if
those alts would really make a run.Its a matter of choice and preference though because some do only stick with the current best coins in the market but some do really focuses out into other alternatives.
It depends as long you do make profits.

[TeraBite]

of course the process of increasing altcoin is higher than bitcoin other than that the capital is smaller hence more investors trade in altcoins than bitcoin

The investor or the traders trade the altcoin pair bitcoin or altcoin pair stable coins, and they convert their profit into bitcoin, so when bitcoin increase so high, they will sell their bitcoin and get the money that they can withdraw to their banks. We see that the chance to make a profit from the altcoin is wide open, and while bitcoin price does not increase so high, we can try to trade altcoin pair bitcoin. I am sure that we can profit in bitcoin so that we can hold the bitcoin until the price increases.

Big players always use altcoins to grow their bitcoins that is the best way to do this as there is big potential in this tiny market. But it is tricky to pick the right coin for accumulation if we entered on the top than it will bring big trouble and ended with loss. Bitcoin is always a safe asset if someone don't feel comfortable than better avoid trading.

[bittick]

isn't it to be expected when so many alts are emerging every day and the flow of cash are going to them because they are trying to reach the people that don't really know bitcoin much. bitcoin dominance will definitely become less and less then the market are flooded with so many alts. but that doesn't mean bad thing. If the cash flow to alts is huge just as huge as bitcoin's then our market will be more mature and have bigger capital which means bigger liquidation!

[kotajikikox]

of course the process of increasing altcoin is higher than bitcoin other than that the capital is smaller hence more investors trade in altcoins than bitcoin

If what you are saying is true then why still Bitcoin covering the majority of market cap?why Bitcoin still holds 60%+ of the capitalization if investors are really into altcoins?sometimes Logic is enough to understand what the means of our words.

isn't it to be expected when so many alts are emerging every day and the flow of cash are going to them because they are trying to reach the people that don't really know bitcoin much. bitcoin dominance will definitely become less and less then the market are flooded with so many alts.

thats the fact but the truth is not,Bitcoin still the favorite and holds the highest funds inside the crypto market.

[Bezobraznike]

of course the process of increasing altcoin is higher than bitcoin other than that the capital is smaller hence more investors trade in altcoins than bitcoin

If what you are saying is true then why still Bitcoin covering the majority of market cap?why Bitcoin still holds 60%+ of the capitalization if investors are really into altcoins?sometimes Logic is enough to understand what the means of our words.

isn't it to be expected when so many alts are emerging every day and the flow of cash are going to them because they are trying to reach the people that don't really know bitcoin much. bitcoin dominance will definitely become less and less then the market are flooded with so many alts.

thats the fact but the truth is not,Bitcoin still the favorite and holds the highest funds inside the crypto market.

   Bitcoin is the first in many ways, and I believe it will hold the throne for many more
years. But as Udidrone says, some alt-coins are emerging and gaining value and
popularity, we can't deny that, and it's on us to use that opportunity for our own advantages, it's join the train and make profit or let others to do that. I invest in
Bitcoin and alt-coins I find great.

[Dessy88]

Investors can really take risks but it is not possible to say that they are not aware of the risks because i do a lot of research before investing myself because even a lot of good tokens fall off suddenly. Where the top currency bitcoin falls other tokens are more likely. However as long as a token is pumped and dumped small traders will jump for profits with confidence. Many investors are convinced that the value of Bitcoin is declining because they believe that this declining value will not last long.

[sempak]

What I've observe is that if Bitcoin goes down the other altcoins are going down as well most of it but not all I think it's because its most paired in bitcoin. If you are going to focus on altcoins that's fine just depends on the altcoins you are going to choose it's better to choose an alt coin that has a high volume and liquidity rather than some shit coins that can be worthless anytime.

[Silberman]

@OP maybe you can be more specific about which ALTS you mean because currently there are more than 6000 Altcoins in circulation.

focusing on Bitcoin or on Alts is equally beneficial. In essence, you must be sure of the crypto asset you choose, always sell it when it is made a profit.

It's obvious that because of the DeFi hype all of the altcoins that are somehow related to that field are growing up in value really quickly even if many of those projects are scams or bad projects so I do not really recommend investing in them, and if you are going to take the risk anyway at least invest a very small amount of your money, that way if you get lucky and the coin grows a lot you still earn a significant amount of money but if the coin crashes and disappears you only lose a small amount of money.