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Author Topic: Bitcoin Vs Altcoin  (Read 533 times)
Ridwan Fauzi
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October 27, 2020, 11:32:56 PM
 #41

Are you sure that altcoin have less risk than bitcoin? Take a look with the DiFe price right now and compare with the price when it just launched? Most of them just dump in several days and I doubt their price will come back to their all time high.

Different with bitcoin, although its price just dump to $3500 but I'm really sure that bitcoin can back to its all time high because I look to its community and even most people now who just come to crypto will choose bitcoin as the first intention.
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October 27, 2020, 11:52:48 PM
 #42

Bitcoin and altcoins will not always go together, look now, Bitcoin has gone up, and Altcoins are now down,
Ethereum, Xrp, Ltc and other altcoins are suffering the same fate, but don't worry,
if Bitcoin is sideways, then altcoin season will appear, hold there is a good choice.
It is indeed will not always the same trend. When bitcoin pump, altcoin will have it's time to increase. We observe people always expect both have the same trend but the market is volatile so price movement is may increase and decline. So, imo, those top coins will have it's time to increase its value in the market.
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October 27, 2020, 11:58:03 PM
 #43

Bitcoin dominance makes Altcoins to bow for any movement up or down. Besides, all altcoins are pegged against BTC and this also have effect on almost all of them. Home this will change in the near future

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October 27, 2020, 11:59:40 PM
 #44

If you compare the two, of course Bitcoin is far profitable than altcoins. So it is risky to invest in altcoins, just look at the movement of
Bitcoin compared to altcoins. Bitcoin is safer because it recovers quickly, while altcoins are rising very slowly. It's true that some altcoins
have made a bigger profit than Bitcoin, especially some of the DeFi coins that are hype this year. But the risk is also quite large, because
some DeFi coins after the pump is dumped directly are quite deep and have not recovered until now.

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October 28, 2020, 12:11:39 AM
 #45

I think its still better to invest in bitcoin if you want to gain and earn more profit knowing that bitcoin as of the moment are having its slow bull run which  I think will continue happening. Also, there are several speculations that it the bullish run of it will continue until third quarter next year which they are expecting to happening due to the trend of bitcoin bull run every 4 years. Altcoins such as ethereum, ripple and elrond on the other hand is I think good to invest with also.

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October 28, 2020, 12:23:13 AM
 #46

Bitcoin and altcoins will not always go together, look now, Bitcoin has gone up, and Altcoins are now down,
Ethereum, Xrp, Ltc and other altcoins are suffering the same fate, but don't worry,
if Bitcoin is sideways, then altcoin season will appear, hold there is a good choice.
It is indeed will not always the same trend. When bitcoin pump, altcoin will have it's time to increase. We observe people always expect both have the same trend but the market is volatile so price movement is may increase and decline. So, imo, those top coins will have it's time to increase its value in the market.
If you are watching correlation between the major coins and bitcoin. Those major coins will have the same pattern as bitcoin but sometimes it will be also having the opposite trend than bitcoin.
Both were always correlated from one to each other.
It's not always about the momentum. The increase can happen anytime but this time bitcoin was pushing the whole of market.

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October 28, 2020, 02:07:49 AM
 #47

~~

you tried to explain that Bitcoin is a rather lower risk investment than altcoins, and that is probably the fact, but one should bear in mind that there are different altcoins, and take longer period to draw conclusions
at the moment, Bitcoin is in the best position to grow, since there is a tone of positive news, but if you look at six month chart, most altcoins provided better return compared to Bitcoin, at the moment part of that profit is going back to Bitcoin, and will be back to altcoins after some time and Bitcoin rise in the meantime

of course, one should draw his own conclusions, and do research before investment, this is not a financial advise in any mean
If he can invest bitcoin from a few months ago and still hold it until now, he will make a big profit if he sells right now. With bitcoin price still increase, the risk of losing his money value will reduce, and the profit will become bigger. Some altcoin is also increased, but not many of the altcoin can increase this time because that altcoin needs more time to pull up the price to the high price.

But we will see another rally from bitcoin and altcoin because the price will not just stop at a price now. We can suggest other people, but we can not force them to follow our suggestion because they need to research themselves before they decide.

I think its still better to invest in bitcoin if you want to gain and earn more profit knowing that bitcoin as of the moment are having its slow bull run which  I think will continue happening. Also, there are several speculations that it the bullish run of it will continue until third quarter next year which they are expecting to happening due to the trend of bitcoin bull run every 4 years. Altcoins such as ethereum, ripple and elrond on the other hand is I think good to invest with also.
Yes, but if he wants to diversify the investing in crypto, he can invest in altcoin too. The bull run for bitcoin happens again, and I hope that bitcoin price can increase so high and break $14k. Ethereum, Ripple, and other altcoins try to survive and try to rise from the low price to the high price. But still, it needs time to see that will happen.

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October 28, 2020, 02:26:44 AM
 #48

Actually I am seeing different because altcoins also grow as bitcoin did. Some of the altcoins are being paired with bitcoin and that if bitcoin rises its market then so does the altcoins no doubt about it. This base on my observation to eth crypto. This crypto had good market price before however bitcoin market crashes and all altcoins did same thing happen to eth. But ETH now slowly recovering aftee bitcoin did and same as other altcoins and that is why I had mention that I am actually seeing different as what OP had observe.
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October 28, 2020, 02:55:40 AM
 #49

Altcoins actually carry the same amount of risk as bitcoin. as long as it's an unstable cryptocurrency, I think the risks remain the same. for now, bitcoin and altcoin users seem to be the same, because if they are using altcoins, then they are likely using bitcoin too.
In terms of price, it is not always when the price of bitcoin rises that the price of altcoin goes up, as it is today. bitcoin price went up quite high, but the altcoin price didn't go up or even go down. I feel that when the price of bitcoin goes down, the price of the altcoin will experience a big drop. yeah, but there were a few moments when bitcoin prices went up, altcoin prices followed after that, and this is what I hope to happen for now.

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October 28, 2020, 03:14:08 AM
 #50

~snip~
Not the same, altcoins always carry greater risk.
let's say news that the team stopped doing development, then the holder thinks the altcoin has no prospects in the future. And the biggest threat if the team suddenly locks large coins.

Bitcoin has long been abandoned satoshi without any further development to date, and you can see for yourself the volatility and trading volume of bitcoin over the years.

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October 28, 2020, 04:32:14 AM
 #51

Bitcoin pumped the there is massive dump shown in the Altcoins. whether the Bitcoin is now stable and mostly Altcoin are recovering with slow rate but atleast they recover. I think the mostly an altcoins are recovered on their previous rate in 1-4 days or maybe big pump also. I want to know your thoughts about this Bitcoin versus and altcoin. I know that Bitcoin shows the massive pump and dump at the same time but are looking altcoin give higher profit because they are less risk. What's your thought about this?

If you're looking at the fiat value then bitcoin is a better choice. But if you want to earn more btc, then I prefer altcoin. I remember when eth was almost at 0.1btc each and just last year ltc reached 0.014 each (correct me if i'm mistaken), just imagine if you bought 10 pcs of that at a lower price per bitcoin then sold it at that price. How much btc can you earn.
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October 28, 2020, 05:21:08 AM
 #52

Bitcoin and altcoins will not always go together, look now, Bitcoin has gone up, and Altcoins are now down,
Ethereum, Xrp, Ltc and other altcoins are suffering the same fate, but don't worry,
if Bitcoin is sideways, then altcoin season will appear, hold there is a good choice.

You will see that when btc goes up for some days this altcoin might fall but sooner this will start rising as well and that is why when btc rises thus many altcoins as well keep rising. Also having both like btc and other altcoin is better choice as you get to diversify your risk as well and have some altcoins too in your portfolio for long term.

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October 28, 2020, 06:30:40 AM
 #53

Bitcoin pumped the there is massive dump shown in the Altcoins. whether the Bitcoin is now stable and mostly Altcoin are recovering with slow rate but atleast they recover. I think the mostly an altcoins are recovered on their previous rate in 1-4 days or maybe big pump also. I want to know your thoughts about this Bitcoin versus and altcoin. I know that Bitcoin shows the massive pump and dump at the same time but are looking altcoin give higher profit because they are less risk. What's your thought about this?
How do you describe that altcoin has less bump and dump compared to Bitcoin?

Go to coinmarket cap and see top gainers and losers in the last 24 hours,and everything will be altcoins, basically the useless tokens which are bumped by whales.

Altcoins are more risky to hold,that is the real fact.
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October 28, 2020, 06:32:15 AM
 #54

Bitcoin pumped the there is massive dump shown in the Altcoins. whether the Bitcoin is now stable and mostly Altcoin are recovering with slow rate but atleast they recover. I think the mostly an altcoins are recovered on their previous rate in 1-4 days or maybe big pump also. I want to know your thoughts about this Bitcoin versus and altcoin. I know that Bitcoin shows the massive pump and dump at the same time but are looking altcoin give higher profit because they are less risk. What's your thought about this?
Bitcoin always dominates the all crypto market. Its dominance is always at high. The dominance of altcoins can rise or falls with their pumps or dumps but dominance increase with altcoin pumps does not last long.

Your statement is not correct because there is no guarentee that bitcoin rise results in altcoin rises. No guarentee that bitcoin fall results in altcoins fall. These two are positive correlations between bitcoin and altcoins. The negative correlation between them is when bitcoin rise and altcoins fall. With bitcoin and altcoins on the market, you can see all these three kind of price movements.

Bitcoin is the coin you can get more safe when you invest and if you want to get profit.

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October 28, 2020, 06:35:49 AM
 #55

Bitcoin pumped the there is massive dump shown in the Altcoins. whether the Bitcoin is now stable and mostly Altcoin are recovering with slow rate but atleast they recover. I think the mostly an altcoins are recovered on their previous rate in 1-4 days or maybe big pump also. I want to know your thoughts about this Bitcoin versus and altcoin. I know that Bitcoin shows the massive pump and dump at the same time but are looking altcoin give higher profit because they are less risk. What's your thought about this?
I don't see anything but simple correction, now bitcoin is pushing towards 14k, still think that bullrun isn't here yet? Think again, I belief that PayPal have huge effect on crypto market this time, it was a rumour a year ago but now that the news came from PayPal itself changes everything, it's always bitcoin for start and later altcoins will follow, just hold your ground people

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October 28, 2020, 07:38:43 AM
 #56

As happened since yesterday when the price of bitcoin has increased, but there are only a few altcoins that have followed the price of bitcoin. Even though they usually do the same thing, what happens is that altcoins go down because bitcoin prices go up. So bitcoin is still the best choice for now.
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October 28, 2020, 07:46:35 AM
 #57

Now bitcoin price increases and altcoins decrease in BTC pair but you can see the USD value most the cases remains same. This may happen temporarily when Bitcoin price raises. If Bitcoin price becomes stable, altcoins price have chance to raise. Although, i am altcoin investor but i belive strongly that only Bitcoin is safe for investment where altcoin is risky.
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October 28, 2020, 07:47:24 AM
 #58

I don't think altcoins are low risk, i would say they are unpredictable. What is really fundamentally reliable is that is BTC and ETH

I vouch for your opinion as altcoins in fact are more riskier than bitcoin with ETH being an exception as it takes ages for altcoin to recover from a massive dump wherein bitcoin does bounce back on top, most of the panic sellers ends up losing capital when altcoin slumps which is not the case with bitcoin. I would prefer bitcoin over altcoins
anyy day.

Exactly, even the pump of altcoins happen only if there is a change in BTC price which means they are still dependent on BTC, Alts on the other hand are usually a lot more volatile and risky they are not as secure as BTC.

If anyone plan to invest in Alts, please do your own research and be aware because it is not a safe haven like BTC.









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October 28, 2020, 08:12:31 AM
 #59

Bitcoin, of course, wants to reach new heights, and I think soon Bitcoin will already reach 20k$, but altcoins are also growing in price, but they are growing much slower, so investing in altcoins is good option, and best of all, we need to invest only in the top altcoins, and so I think that altcoins will also show good growth by the end of this year.
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October 28, 2020, 11:17:48 AM
 #60

Bitcoin, of course, wants to reach new heights, and I think soon Bitcoin will already reach 20k$, but altcoins are also growing in price, but they are growing much slower, so investing in altcoins is good option, and best of all, we need to invest only in the top altcoins, and so I think that altcoins will also show good growth by the end of this year.
$ 20,000 no longer seems such a large and impossible amount for 1 Bitcoin.
This is only 2020, the introduction of Bitcoin into large systems is just beginning, then it will only get bigger and better, I wonder what rate will be the highest for one coin.
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