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Author Topic: I am not investing in Bitcoin, I am staying with Altcoins  (Read 1428 times)
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July 28, 2021, 04:17:51 AM
 #201

Not everyone is the same for investing in the crypto market everyone's knowledge and intellect are different so it depends on the individual to invest. Bitcoin and altcoin are both good currencies for investing it is possible to get profit if you can choose the right currency by doing market analysis bitcoin always tops all currencies ethereum is the best of the altcoins from different perspectives. However you can choose other currencies by checking the strategies of the market.
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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July 30, 2021, 07:02:59 AM
 #202

I am not investing in Bitcoin, I am staying with Altcoins

Why I am choosing altcoins is because bitcoin is now too much volatile and there is too much hype regarding Bitcoin, Altcoins will be recovered soon and will be hitting to new highs, but in case of Bitcoin, We are not sure that when this bubble explodes. Since we are not sure, investment in altcoin is only the safest option.
I think you are wrong because most of the altcoin is also very high on volatility, it always depend on the altcoin that you invested, bitcoin is always dominating the market it always goes up and down but altcoin will always follow so in short both bitcoins and altcoins are high on volatility it always matters on selecting and sometimes our profit will depend on our luck.
If comparing certainly all also ensure the Bitcoin is still the best and Altcoin follows it, always Altcoin is affected by the movement of Bitcoin and never altcoin can move alone.
But not Altcoin is not good, there are still many who have very high trading activities. So it is very interesting for investors and daily traders, because it is very profitable.
But I agreed that all factors could not be separated from luck even though we analyzed well, because Crypto was hard to guess.

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July 30, 2021, 07:27:29 AM
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If comparing certainly all also ensure the Bitcoin is still the best and Altcoin follows it, always Altcoin is affected by the movement of Bitcoin and never altcoin can move alone.
But not Altcoin is not good, there are still many who have very high trading activities. So it is very interesting for investors and daily traders, because it is very profitable.
But I agreed that all factors could not be separated from luck even though we analyzed well, because Crypto was hard to guess.

Yes I do believe that bitcoin was still and always the best choice among cryptocurrency, however, the volatility of bitcoin is on the topmost concern of many investors today but I honestly can't deny that the demand of altcoins today is keep on rising especially those altcoins related to the nft games. Yes, NFT is now one of the most trending in cryptocurrency which already proved as a good feature in a certain project especially in games. However, not all altcoin is now doing great but at least there are few that really making history today like AXS, DPET, SLP, SKLL which this tokens were associated with the nft games.
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July 30, 2021, 07:37:35 AM
 #204

I am not investing in Bitcoin, I am staying with Altcoins

Why I am choosing altcoins is because bitcoin is now too much volatile and there is too much hype regarding Bitcoin, Altcoins will be recovered soon and will be hitting to new highs, but in case of Bitcoin, We are not sure that when this bubble explodes. Since we are not sure, investment in altcoin is only the safest option.

Obviously it's your money and you have the right where to invest it nobody can force you to invest in BTC, probably you will have done deep research about investing in altcoins hence you're pretty confident and giving much priority to altcoins over BTC, well best of luck with your investment in altcoins hopefully it will bring benefits for you.
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July 31, 2021, 05:02:13 AM
 #205

I am not investing in Bitcoin, I am staying with Altcoins

Why I am choosing altcoins is because bitcoin is now too much volatile and there is too much hype regarding Bitcoin, Altcoins will be recovered soon and will be hitting to new highs, but in case of Bitcoin, We are not sure that when this bubble explodes. Since we are not sure, investment in altcoin is only the safest option.

Obviously it's your money and you have the right where to invest it nobody can force you to invest in BTC, probably you will have done deep research about investing in altcoins hence you're pretty confident and giving much priority to altcoins over BTC, well best of luck with your investment in altcoins hopefully it will bring benefits for you.
Well, investing in bitcoin today and at its current relatively high price already poses a little more risk than it used to be. Your reasoning has its own logic. However, while investing in it is still safe from the point of view of the safety of our investments and their profitability. There must be several more cycles of significant rise in the price of bitcoin and its fall before the investment risk reaches its redline.
It should always be remembered that the cryptocurrency market is volatile and influenced by various negative news.

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