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Author Topic: I am not investing in Bitcoin, I am staying with Altcoins  (Read 1491 times)
Apostlekin$$$
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January 03, 2021, 09:11:31 AM
 #101

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.
Well be prepared because bitcoin is definitely going over 35,000$ this time around, millions of eyes are on bitcoin right now and I don't see any sign of stopping, the ATH of Bitcoin will be bigger than that of 2017 bullrun, the fact is I only believe in Ethereum more than most altcoins right now, altcoin season may be different too

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January 03, 2021, 09:55:38 AM
 #102

This is not the right strategy to investing only in altcoins but you should invest in Bitcoin and Ethereum also. This because Bitcoin is the true global currency and is the pioneer in the digital currency concept. So, this is your misfortune that you are not an investor of Bitcoin. I have also much investment in altcoins but a little bit of my corpus is also invested in Bitcoin.

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January 03, 2021, 10:22:05 AM
 #103

This is not the right strategy to investing only in altcoins but you should invest in Bitcoin and Ethereum also. This because Bitcoin is the true global currency and is the pioneer in the digital currency concept. So, this is your misfortune that you are not an investor of Bitcoin. I have also much investment in altcoins but a little bit of my corpus is also invested in Bitcoin.
Exactly, not investing in bitcoin isn't a good choice. He thinks bitcoin is too volatile and the bubble will explode, but he doesn't think altcoins will drop dramatically when bitcoin explodes. Altcoin is not safer than bitcoin, it is still important to invest in the right time.
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January 03, 2021, 10:41:46 AM
 #104

This is not the right strategy to investing only in altcoins but you should invest in Bitcoin and Ethereum also. This because Bitcoin is the true global currency and is the pioneer in the digital currency concept. So, this is your misfortune that you are not an investor of Bitcoin. I have also much investment in altcoins but a little bit of my corpus is also invested in Bitcoin.
Exactly, not investing in bitcoin isn't a good choice. He thinks bitcoin is too volatile and the bubble will explode, but he doesn't think altcoins will drop dramatically when bitcoin explodes. Altcoin is not safer than bitcoin, it is still important to invest in the right time.

Currently, altcoins follow the Bitcoin's bullish trend (at least some of them). But, regardless of that, I still think that Bitcoin investment is safer than in altcoins. Just look at what's happening with Ripple!
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January 03, 2021, 11:14:49 AM
 #105

It's your right to choose to invest in altcoins over Bitcoin, but the reason you choose altcoins is because it is safe in my opinion wrong thinking.
Because altcoins always follow Bitcoin's price movements, then from the first time Bitcoin can be used for trading until now it has always
dominated the market. So it should be based on that investment in Bitcoin is much safer. It is true Bitcoin is very volatile, but if we do the analysis
correctly and always use the stop-loss feature, investing in Bitcoin should be safer.

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January 04, 2021, 10:15:23 PM
 #106

of course all choices from yourself which investment to choose, I personally if I want to invest in a coin will choose a coin that is already established and the price is not yet very high not only bitcoin one of the established coins but there is ethereum, Ethereum movement is pretty fast right now and will continue to pump if bull run still occurs

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January 05, 2021, 12:26:12 PM
 #107

investing in bitcoin or altcoin for me is the same thing, I have no difference between that,
because bitcoin and altcoin are also part of crypto currency, and of course everything will work,
it's just that you choose the right altcoin? or not

Bitcoin is the market leader and altcoins are driven with the rise and fall of bitcoin. As bitcoin rises, altcoins rise and vice versa. So, for me investing in bitcoin and altcoins both make more sense than just depending upon a single section. Its everyone's choice as to what they prefer and their risk appetite and investing style.

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January 05, 2021, 02:42:18 PM
 #108

It is nearly the equivalent in the event that you can benefit from bitcoin in light of the fact that you can sell your bitcoin when bitcoin develops or hold it at another significant expense. You contributed at a modest cost and who knows those altcoins you contributed becomes stiction sometime in the future. I am not happy with them holding for quite a while, presumably in a brief timeframe yet at the same time, my resource zeroed in on bitcoin which is useful for venture despite the fact that we realize that it is unstable and delicate with regards to dealing with our resource.
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January 05, 2021, 03:12:40 PM
 #109



Choosing the altcoins to invest in will make a difference. If you chose TRON then you are most likely going to suffer the most. But if you wanna avoid all the doubts just take BTC and nothing else. It's volatile indeed but this volatility is also the one that makes its price lucrative. It's also easy to cash out if you needed the money. For altcoins, you will have to trade it to BTC.

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January 05, 2021, 05:12:27 PM
 #110

I guess you know that most of the alts are following Bitcoin price both in bull and bear runs? The only logic to invest in alts instead of Bitcoin is when you found a cool new project and you think this project will gain quicker than Bitcoin.

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January 05, 2021, 07:39:59 PM
 #111

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.

in few conditions i agree with you,
but in my opinion bitcoin is the safest investments in this crypto world if we comparing with all kind of altcoins my friend

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January 06, 2021, 03:51:40 AM
 #112

I think this depends on your own opinion, but for me personally, this time for me bitcoin is still the top choice. Let's look at the fact that the need to use bitcoin as an asset becomes clearer and clearer, and before the news over time, it helps me to have more faith in bitcoin.

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January 06, 2021, 05:01:14 AM
 #113

I think this depends on your own opinion, but for me personally, this time for me bitcoin is still the top choice. Let's look at the fact that the need to use bitcoin as an asset becomes clearer and clearer, and before the news over time, it helps me to have more faith in bitcoin.
At this point, everyone is turning their attention to bitcoin, but alt season is also very much awaited. I think it will not start yet although bitcoin multi-gain has been amazing for the past time, so choosing and buying coins other than bitcoin would also be a good option for you to increase your money.

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January 06, 2021, 02:10:10 PM
 #114

It is nearly the equivalent in the event that you can benefit from bitcoin in light of the fact that you can sell your bitcoin when bitcoin develops or hold it at another significant expense. You contributed at a modest cost and who knows those altcoins you contributed becomes stiction sometime in the future. I am not happy with them holding for quite a while, presumably in a brief timeframe yet at the same time, my resource zeroed in on bitcoin which is useful for venture despite the fact that we realize that it is unstable and delicate with regards to dealing with our resource.

That is a LOT to ask about altcoins, to say "who knows?" is being naive. ETH is probably one of the very few alts that do well and continue to progress and develop,,, but they have 20x more resources and the best developers out there, with tons of use cases and users. There really is no other alt that competes, except in small use cases like Doge, LTC and XMR.

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edandrada
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January 08, 2021, 06:46:01 PM
 #115

same as me.

ive lost more than 50% btc in this bull run. most of altcoin decrease half of its btc calue in this 30 day period
acener
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January 08, 2021, 09:23:03 PM
 #116

I wonder if OP really keep his words on staying with alts and not investing in BTC .

Bitcoin is great for investing, but buying 1 bitcoin at the current price of around $40k is of course impossible, especially for someone like me who only has small funds. So I will also run choosing altcoins as a long-term investment alternative. Because this year has been predicted to be an altseason.
When investing in crypto we don't really need to buy a whole coin that is why it have a smaller units for someone like us who couldn't afford it,
For me it is better to have those small portion of BTC(Sats,Bits,mBits) rather than having some huge amount or whole amounts of shitcoins.

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January 08, 2021, 10:23:48 PM
 #117

Bitcoin is great for investing, but buying 1 bitcoin at the current price of around $40k is of course impossible,
Are you a newcomer in crypto, mate?
We don't need to buy 1 Bitcoin to invest, you can buy as many as you can. Even you only have $10, you still can buy the Bitcoin. However, don't buy blindly of without analysis first! I suggest you buy once the Bitcoin is in the correction time. So, you will get a cheaper price and it is a safer way to buy than force yourself to buy in the rising time.

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newdevices
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January 08, 2021, 11:42:26 PM
 #118

Bitcoin is great for investing, but buying 1 bitcoin at the current price of around $40k is of course impossible, especially for someone like me who only has small funds. So I will also run choosing altcoins as a long-term investment alternative. Because this year has been predicted to be an altseason.
You don't have to buy 1 Bitcoin to invest in it, just a few is enough, maybe $ 1000 or $ 500 is enough,
indeed the profit you get will be more pronounced if you want to buy altcoins, because currently altcoins have not experienced a good increase
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January 09, 2021, 01:00:09 AM
 #119

I agree with you, but be careful what alts you are staying with. It should be huge like Bitcoin. The best options can be seen from the top 20 of coinmarketcap. After Bitcoin make its new all time high, may be its 100k or $50 or whatever. Alts pairs in ALTS/BTC will start to rise.

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.
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January 09, 2021, 02:04:19 AM
 #120

90% of my portfolio is now in Alts and my investments in ADA,BNB,LINK,AVAX and DOT have been far more profitable overall in recent months than BTC  Grin

I don't feel comfortable buying ETH or BTC at their current prices as I think we'll see a retrace at some point in the short term.
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