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Author Topic: Bitcoin Vs Altcoin  (Read 533 times)
Boov
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October 28, 2020, 11:30:11 AM
 #61

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.
E
Its exactly what was happening in the market now. Bitcoin price movement has a big impact on the price movement of altcoins too. For me altcoin and bitcoin were both risky but the mere fact that taking risk in bitcoin was more worth it than altcoin because of its attractable and amazing market value. Well aside from it, bitcoin were probably the dominant crypto in the digital market which you would never doubt has a good project that projected on this crypto coin.
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Bitcoin Seller
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October 29, 2020, 06:55:06 PM
 #62

invest in altcoins is always a risk and I will not surprise if in long time (few years) close to 95% of altcoins will be just worthless.
I don't think there is the possibility for achieve more than bitcoin itself.
No one want store the last hype, but just a recognized system for storing value /medium of payment. Bitcoin can offer all of these solutions.

Unfortunately, this is true. Do you remember how popular Dash was and how many investors used to buy it? Now, when this altcoin is down, a rare investor hopes for its further growth. Meanwhile, Bitcoin value is constantly going up (I do not mean only BTC price).
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October 29, 2020, 07:52:33 PM
 #63

Altcoins, and the companies behind the projects are very vulnerable to regulation, Bitcoin is not. Bitcoin is the far better investment . Altcoins can make you more money than Bitcoin, it's true, it's just a lot riskier, and you could lose everything in an instant.
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October 29, 2020, 08:22:45 PM
 #64

$ 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.

I think that our life will not be enough to find out what the maximum price of bitcoin will be) In the following years, the price of bitcoin will only increase, and this is primarily due to the fact that the number of coins will only decrease due to their loss. In addition, a very large number of coins are on the wallets and their owners do not want to part with them.

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October 29, 2020, 11:02:03 PM
 #65

Altcoins, and the companies behind the projects are very vulnerable to regulation, Bitcoin is not. Bitcoin is the far better investment . Altcoins can make you more money than Bitcoin, it's true, it's just a lot riskier, and you could lose everything in an instant.
it is one of the features of bitcoin. even though it is pseudonymous and it is not known exactly who built bitcoin, bitcoin still exists and dominates crypto today. because time has shown. Strong altcoins like ethereum also need time to gain strong market power. so the key is in a quality product and enough time to prove that strength, a strong market will be formed.

while a lot of new projects are emerging nowadays, I think it's like fast food. must be enjoyed immediately, otherwise the taste will decrease.

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October 29, 2020, 11:29:42 PM
 #66

btc or altcoin all carry the same risks. differences in price occur because of differences in coin supply and interest demand. altcoin features are even more complete than btc. but never mind, because BTC is not bad. so choose coins according to your needs and abilities.

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October 30, 2020, 05:07:20 AM
 #67

The fact is Bitcoin is king and will not be replaced by any altcoin. Bitcoin has the brand name, and all of the institutions behind it. Bitcoin cannot be stopped so far most safest investment you can make over it. Bitcoin is most trusted while altcoins fails completely make you realize safety.

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Rafiqul123
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October 30, 2020, 05:35:17 AM
 #68

Bitcoin is the father of cryptocurrency and Altcoin is the child of cryptocurrency.
 Looking at Coinmarketcap, it is understood that the trading volume is Bitcoin 60% to 70% and the rest is Altcoin volume.
 If Bitcoin was not made, Altcoin would not be made.
 Bitcoin has given birth to cryptocurrency today and cryptocurrency is spreading all over the world day by day.
 However, it is also weak Bitcoin without Altcoin.
 So Bitcoin and Bitcoin are more about friendship than war.
 This is an opinion based on my personal experience.
 Thanks.
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October 30, 2020, 07:08:40 AM
 #69

The fact is Bitcoin is king and will not be replaced by any altcoin. Bitcoin has the brand name, and all of the institutions behind it. Bitcoin cannot be stopped so far most safest investment you can make over it. Bitcoin is most trusted while altcoins fails completely make you realize safety.
Bitcoin has a high reputation compared to Altcoins.  The "Bitcoin" brand is very well known and millions of people have recognized it so Bitcoin is a much better investment than Altcoins..  The price of Altcoins is inseparable from the role of the Bitcoin price, if Bitcoin is bullish then other Altcoins will definitely follow it.  but for now, you are given the freedom to invest in both (Bitcoin or Altcoins) because many Altcoins are also able to provide greater profits than Bitcoin (if you are lucky)..

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October 30, 2020, 07:15:40 AM
 #70

If you are having trouble deciding on where to invest why not try to invest in both Bitcoin and alt-coin don't just focus on single investment,
Try to have spread out your investment so it wouldn't hurt so much if one or two of them drops down for sure some of them would rise up to recover some of your lost or maybe even give profit to you.
But if you would invest in both BTC and alt-coin then go with the veterans don't invest in new alt-coins if you want to hold it.
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October 30, 2020, 07:40:34 AM
 #71

btc or altcoin all carry the same risks. differences in price occur because of differences in coin supply and interest demand. altcoin features are even more complete than btc. but never mind, because BTC is not bad. so choose coins according to your needs and abilities.
If it's investement, i'll preffer bitcoin. not say that altcoin are bad, but need more comperhensive research to invest on altcoins. it's also will depends on your strategy how you invest and how you make a profit

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October 30, 2020, 08:08:11 AM
 #72

The whole market is volatile, bitcoin price has a reverse effect on altcoin price. Whenever bitcoin price pumps, the opposite happens to the altcoin market. What I think about is that most altcoin holders are dumping their altcoin to buy bitcoin, once the price becomes stable, people sell their bitcoin profit and buy their altcoins back at a lower price. So, both have an opposite effect on each other, but this is not the case some time.
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October 30, 2020, 10:34:12 AM
 #73

Bitcoin is going stable after a steady growth but the Altcoins are still in a sleeping mood, whatever the growth saw in various altcoins that only pump and dump. So, do not take the chance for the holding of longer for the altcoins but you should take your profit at this peak.
There is no chance that I am gonna be letting my coins go especially that I have lost so much with them. I think I am gonna hold still untill the market for alts to fully recover, and even get profits from it then time for me to release them. I am actually staking pancake and bake which are affected so much by massive dump from alts.
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October 30, 2020, 10:58:51 AM
 #74

The whole market is volatile, bitcoin price has a reverse effect on altcoin price. Whenever bitcoin price pumps, the opposite happens to the altcoin market. What I think about is that most altcoin holders are dumping their altcoin to buy bitcoin, once the price becomes stable, people sell their bitcoin profit and buy their altcoins back at a lower price. So, both have an opposite effect on each other, but this is not the case some time.
2017 -  the entire crypto market is in the bullish together.
2018 - the same scenario but they all are dumping together
2019 - they are also started to recover together as well

But this year 2020, it looks different, they run in the opposite direction. Bitcoin dumps but altcoins pump and vice versa. This is to say that the market is really unpredictable, it could be one day we are reaching to $15k for BTC or it drops back to $10k again. The same thing that might happen to some altcoins, they'll go down today but not sure about tomorrow, that seems surprising everyday.

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October 30, 2020, 11:08:28 AM
 #75

The fact is Bitcoin is king and will not be replaced by any altcoin. Bitcoin has the brand name, and all of the institutions behind it. Bitcoin cannot be stopped so far most safest investment you can make over it. Bitcoin is most trusted while altcoins fails completely make you realize safety.

Good afternoon!  What are altcoins? 

Bitcoin maximalists believe that altcoins are an experimental laboratory for researching cryptocurrency technologies.  These technologies will be used to improve the bitcoin code. 

Bitcoin is a very conservative cryptocurrency.  It should be the best (in terms of technology). 

Large capitalization of altcoins ... Large number of transactions ... Large number of users.  In fact, this is research and development work.  The goal is to improve technology (cryptographic and financial).

This is the bitcoin maximalist position.☺

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October 30, 2020, 12:20:10 PM
 #76

I will obviously invest in Bitcoin because of the low risk, and Bitcoin is the benchmark for all coins just as USD which ruled paper other money.

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October 30, 2020, 12:45:18 PM
 #77

Bitcoin is going stable after a steady growth but the Altcoins are still in a sleeping mood, whatever the growth saw in various altcoins that only pump and dump. So, do not take the chance for the holding of longer for the altcoins but you should take your profit at this peak.
There is no chance that I am gonna be letting my coins go especially that I have lost so much with them. I think I am gonna hold still untill the market for alts to fully recover, and even get profits from it then time for me to release them. I am actually staking pancake and bake which are affected so much by massive dump from alts.

it is like you are looking at daily charts, some altcoins are still above BTC, looking at YTD yield, and yeah, Bitcoin had better October than most altcoins, but that is just one month, you should look at broader picture, and at broader picture most coins from top 10 outperformed BTC, with ETH included, in YTD yield
so, anyone could have their one position on this one, and momentum is currently with BTC, but altcoins are not down, except some that are hyped with DeFi, some of these would hardly ever recover
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October 30, 2020, 01:35:48 PM
 #78

~ 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?
Most of the time bitcoin and altcoins price flows together. But recently bitcoin price showing good movement while altcoins staying at same position even going down. As a crypto user bitcoin is my first choice always. Altcoins price pump and dump massively at the same time, not bitcoin. And those are risky. Bitcoin is a safe platform for investor. So I can't agree with you at this point. OP, you should increase your English skill. It's hard to read and realise your post.

R


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ADLANE33
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October 30, 2020, 01:59:11 PM
 #79

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's domination is still very strong right now, but I believe its only for a while.
Fees are getting higher, transactions are getting slower, usability isn't getting wider.
Altcoins on the other hand are getting constantly updated
NoG-NoG
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October 30, 2020, 02:13:46 PM
 #80

Regarding which is better to invest with now that the market is having a very good time on either bitcoin or altcoins I would definitely chooses bitcoin as being shown by its dominance in the market and how it really boost up other cryptos as well which it the very best in terms of investment.
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