poodle63
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March 28, 2021, 07:19:52 AM |
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Coin with lower market cap usually can bring more profit due to its volatility but also carries a really high risk, that's why it's obvious that alt could bring you more profit but tbh the profit gained from investing to bitcoin is already very high if you invested from a year ago, so whether people gonna choose to invest to alt or bitcoin doesn't matter that much in my opinion but it's just if you want to add risk percentage to your portfolio like significantly then alt is the way to go, though I'd always prefer to keep the risk at bay.
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sadewa69
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March 28, 2021, 07:25:36 AM |
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Some people I see, when they just hear about bitcoin and hear the story of bitcoin, they think that the new altcoin is also potentially like bitcoin, even if it's a trash coin. however, depending on the person, if he or she chooses a popular coin, then they will likely choose bitcoin or ethereum, whereas, for those who don't do the research, they will choose a new altcoin, even choosing an altcoin that has little potential thinking that the potential of the coin is like bitcoin.
that's because he saw the marketing of the altcoin project. some of the advertisements made by shitcoin are very interesting and report that their project will be huge in a few years. of course, those who do not know crypto very well will think that a new project has good potential like bitcoin. but maybe you can tell him to be more careful in investing. it's to maintain how he can avoid the risk of scammers.
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prehisto
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March 28, 2021, 09:58:33 AM |
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That is '' no brainer'' bitcoin can not increase in price as fast as altcoins.
If you take a look at the new coins, amount of them is absolutley crazy now. Coins are coming out every few hours, seriously. Most of them do not do ICO, presale, nothing. They just make website, telegram and launch them on pancake swap or uniswap. Most of them do not have real case usage are just a meme coin . In any case the returns on most of them are staggring and in the same time very risky.
In short, altcoins are geenrated huge returns daily, while BTC is relatively slow and stable.
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Natsuu
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March 28, 2021, 10:02:56 AM |
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Summarizing about most of the comments
Altcoins with low market cap - High Risk, High income
BTC and ETH - Median Risk, Low income
But do not settle as BTC still moves like a bubble that may pop anytime.
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bakasabo
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March 29, 2021, 08:22:14 AM |
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I think that new people will either buy Bitcoin or buy scam altcoin.
If you ask a newbie about cryptocurrency, he will quickly name Bitcoin and that is it. Newbies only know and hear that with Bitcoin you can earn quick and easy. And this "quick and easy" is what makes them lose money. They barely tries to make a research of they intend to buy, and they dont even know that they must read something about what they are buying.
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michellee
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March 29, 2021, 08:33:03 AM |
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And for sure new people will know Bitcoin first before they'll know any alternative coins, unless someone point them to alt projects and they just blindly follow those people who teach them to invest, a very mistake that most new people did when trying to look for good investment, It's Bitcoin that will provide good opportunities and with wide usages, Bitcoin is not just investment but also a system where they can use it in most time dealing online.
Bitcoin is too popular than the other coins, and when people discuss crypto, they will mostly discuss bitcoin, which can make other people curious. If they invest in bitcoin blindly and only follow people who they do not know for sure, they will lose their money because they do not learn by themselves. Even if they want to invest in bitcoin, they need to find how to buy bitcoin at the right time, although they can invest at any price they want. If they can use bitcoin with the right, they will have a chance to make a profit. Both Bitcoin and Altcoins are good to buy, they may differ in some part but still we can gain profit having them both. What matters is that you know the process, what coins are mostly bought by people in order for you not to worry. While bitcoin is already known in cryptocurrency world with high value. We all know that the higher the value itself the higher money you need in order to have it. Surely you will not regret investing it.
Most new people can not accept the process because they want to make money fast. That is why many of them fail in the middle of the way, and they do not want to go back to the crypto because they think that crypto scams them. If they can learn more about bitcoin, they will see that bitcoin is the best investment now, and if they can invest in bitcoin with the right, they can make money in the future. Some coins may give even more growth than Bitcoin because Bitcoin is already overvalued. But it must be simple to buy and sell coins. It is good that there are services like https://www.koinal.io/ that allow simple to buy and sell crypto by bank card. The more simple to buy crypto the more people use it ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) The booming of bitcoin gives people more ways to buy bitcoin and I am sure people will find what services will fit them. Bitcoin can still increase while altcoin will increase too. I am sure that many potential altcoins will have the new ATH again. But I do not use the services as you mention.
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TopTort777
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March 29, 2021, 08:36:39 AM |
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What do you think about Cardano? How it is prospective?
Wow! I'm amazed. I'm amazed that you did not mention moss in your post and tried to shill that! Cardano is a great altcoin. ADA simply broke in like a hurricane in cryptocurrency top. And I think it does not opened its full potential yet. I would not recommend to go all-in in ADA, but having this altcoin in portfolio is a must. While the price goes here and there, you can catch a good price and become a holder for 6-12 months. I'm sure you will multiply investments 2 times minimum.
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kaya11
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March 29, 2021, 08:55:13 AM |
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It's always a question of speculation if we buy Bitcoin or if we buy Altcoin. For a profitable buy, we need to know what new people will buy.
Bitcoin is already well known but also trusted. Not many new people will discover it but people will buy more constantly because it's trusted. Altcoins are not very well known (except Ethereum) but also not very trusted. Many new people will discover it but will be hesistant to buy because it's not very trusted.
For a prediction, which one new people will buy more, we can only guess. What is your opinion, which one will bring uns more profits? Altcoins or Bitcoin?
For the people with no knowledge and planning to make a fortune, they'll definitely buy bitcoin. It's the first coin, and they will feel safe in it. Altcoin buys are which are recent projects will be a big risk if they have no experience at all. They'll just be food in here and people will take advantage of them. For thr meantime they invest in bitcoin and should learn about everything else, or they will suffer consequences if they jump into altcoins immediately.
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Blessings3
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March 29, 2021, 09:12:18 AM |
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In my opinion it's altcoins, but in needs more research and study that that certain project is reliable and can be trusted.
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blockman
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March 29, 2021, 09:21:38 AM |
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Bitcoin. Talk to someone who doesn't even know what crypto is or just heard of it and they'll tell you that they might be familiar with bitcoin. It's the most common cryptocurrencies and they're not going to look at any altcoins in the market unless they've got experience with bitcoin. But if they find it expensive and they're aware that they can still go along with the market then they might choose altcoin as the second option.
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777Jolami
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March 29, 2021, 09:25:59 AM |
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For a prediction, which one new people will buy more, we can only guess. What is your opinion, which one will bring uns more profits? Altcoins or Bitcoin?
I have 3 years in the crypto market. Not much time, but quite enough to find the best. Go with bitcoin if you're not worried about active spending. If time is pumped, altcoins can also achieve big dreams. for example, if bitcoin generates 52k% then ETH also makes 60k% of profits until now. and BNB is creating the wind for the new trend.
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Anonylz
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March 29, 2021, 09:27:18 AM |
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The first recommendation to new joiners to crypto are btc and eth since like you said already has a track record and trusted by all, now as a newbie, it will be hard to know which alts to buy alongside with the already known btc & eth, and that's when app like cmc comes into to play for those who understand how it works, and for those who don't, well asking friends who are also into crypto or ask in forum like this will gives some closure on what to do, in any case, better to stick with some of the highly talked about alts with good potentials to be on a somewhat safe side.
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Pamadar
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March 29, 2021, 09:45:08 AM |
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The first recommendation to new joiners to crypto are btc and eth since like you said already has a track record and trusted by all, now as a newbie, it will be hard to know which alts to buy alongside with the already known btc & eth, and that's when app like cmc comes into to play for those who understand how it works, and for those who don't, well asking friends who are also into crypto or ask in forum like this will gives some closure on what to do, in any case, better to stick with some of the highly talked about alts with good potentials to be on a somewhat safe side.
Better to keep on track with this market before taking your side, there are lots of crypto and it's not bitcoin alone, this misconception needs to understand well, newbies are always prone to scam so advising them to stick with bitcoin while still in the process of learning more deeper might help them to stay on a much lesser risk.
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lobo13hf
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March 29, 2021, 05:34:33 PM |
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if bitcoin generates 52k% then ETH also makes 60k% of profits until now. and BNB is creating the wind for the new trend.
That's the point mate, when bitcoin gets pumped and almost whole of market will give a bullish reaction. The majority of new people were only betting on the trusted coins and that's why they were not able getting huge profit from the market. BNB is on another level as the coin with so many usability compared with another coin in the same tier. The new people will be buying bitcoin and they will be putting small amount of their money to be used on the new project. Bitcoin is good but the small fish will always pick the secondary coin that has less value than bitcoin.
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bitgov
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March 29, 2021, 10:29:42 PM |
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It's always best to have a diversified portfolio with bitcoin and altcoins. Bitcoin must be your first choice of investment, as its trusted for over a decade. Put some of your money in solid alt coins like eth, polkadot etc. If you have a portfolio of different crypto then you will be getting profit all the time.
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ingiltere
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March 29, 2021, 10:39:21 PM |
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There are two sides of this question. How new people pick coins when they decide to invest? And which coins would make higher gains for new people that don't have enough Bitcoin to invest? For the first part, people usually follow others and wherever the hype is around people will go that way. Too many influencers are in this business and they can shill whatever coin they hold to new people. This is very dangerous though. On another part, new people want to make higher profits, so they have to choose coins with lower marketcap value. This one is obviously hard to pick and too risky.
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Yatsan
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March 29, 2021, 10:42:48 PM |
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On practicality and being street wise, many people are getting more profitable on having Altcoins into their portfolio compared to Bitcoin because at first, they will be having such coin at its base price that still do have lots of potential to grow in the near future. Since you are having it while it is cheap and you know its potential to grow, then more profit is expected compared to Bitcoin having already an expensive price if you tend to start up by this moment that it is on the top. But you do not need to choose among Bitcoin and Altcoins if you can just have them both and that will make you more profitable combining those two instead of just dominating your portfolio with only Bitcoin or only Altcoins. Better to have them both.
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