Is it worth buying other cryptocurrencies other than bitcoin?

[Magicalking]

I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

[hugeblack]

There is a difference between buying a currency and investing in its currency. Investment is always a bet on the future. There is nothing better than betting on technology or buying. It is linked to achieving a profitable profit. When you achieve that profit, you can withdraw your money (short-term investment)
In general, we are in an early adoption stage and these prices may be very low in the future. Buy using the average dollar price strategy when you have a surplus of money. In any case, keeping Bitcoin is better than cash.

[Tytanowy Janusz]

I couldn't afford to buy 1btc so I didn't buy

You could buy 0.5BTC, 0.1 BTC or even 0,00000001BTC=0,00015$ = 0,015 cents (@15k price) - minimal investment in bitcoin! How dare you to say that bitcoin is "the only genuine crypto currency" if you don't even know that it is divisible and you can invest as much as you want, no matter how high BTC price is.

Back to your question. If your knowledge about crypto is that small, and you did not improve it in last 7 months (last time BTC was @15k 7 months ago) you should avoid any altcoin. Mostly because 99% of them are scam, useless or dead projects. There are no more than 10 good alts out of 10 000 listed on coinmarketcap and all of them are overpriced right now if we entered bear market (all TA indicators call bear market now)

[cabron]

There are certainly good tokens to invest like ETH which if you just bought some while the price was $200 at that time of discovery, you could have multiplied many times your capital if you hold for long term. It could happen to any project today that you think has good utility for their token. It however takes time. 

The reason some of us suggest BTC is it's great for storing value and it's best for trading particularly in BTC/USD pair due to its volatility.

[Magicalking]

There is a difference between buying a currency and investing in its currency. Investment is always a bet on the future. There is nothing better than betting on technology or buying. It is linked to achieving a profitable profit. When you achieve that profit, you can withdraw your money (short-term investment)
In general, we are in an early adoption stage and these prices may be very low in the future. Buy using the average dollar price strategy when you have a surplus of money. In any case, keeping Bitcoin is better than cash.

My concern is for the long term. I'd like to buy and store for a long time. I'm not interested in quick profits but for the long term gains.
I also think believing in the technology would generate more returns. But some coins or project have good tech but poor marketing so they are not known

[Mpamaegbu]

I couldn't afford to buy 1btc so I didn't buy any...

That was a big mistake you made. You should've bought the much your finances could've afforded you. You would've been on a double profit at the current price if you actually bought at $15k.

So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

It's best to buy on the technology and usecase the token has to offer. In fact, that's the only option there should be. News is hype and may not last long to sustain a project. It's crowd mentality, don't go that way. Always consider the programme and functionality of the token you want to buy. Doing that will make you not be in panic whenever its price crashes.

[wxa7115]

I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

The fundamentals of a coin are always the most important, many people let themselves be deceived by hype thinking it is the most important thing for new coins to gain money, and it is if you are looking for fast variations on the price on the short term, but there is just one small problem with that, it is impossible to predict which coin will go through incredible hype and produce gigantic profits, and if you choose this path then you are basically gambling with your money with the difference you are not getting any fun out of it.

So concentrate on the fundamentals and once you do you will notice there are only a few projects that are good and that are at an early enough stage for you to invest.

[tranthidung]

I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

The answer is Bitcoin is the best ever.

• Messari.io screener
• Click on Customize, remove check from unused indicators. It's better when you narrow down the list of indicators, to see % Down from ATH (All time high)
• Even Bitcoin set its new all time high in May, many altcoins have yet reclaimed their 2017 or 2018 all time highs.
• Even so, Bitcoin still has less % Down from ATH compares to many other cryptocurrencies

You can use Dollar cost averaging or Satoshi cost averaging tables

• Satoshi cost averaging
• Dollar cost averaging

[gurunanakji777]

Bitcoin is the king of all cryptocurrencies. Strong community of any coin plays a major role to drive the value of the coin. You should not repent that you missed the chance most of the forum members are like this at first they also ignore the crypto market Genuity but later most of them realize they missed a good earning opportunity. At present, I like Trx, Cardanao, Ethereum, and Binance because these all are product-based and the probabilities of growth are quite higher than many other coins.

[Silver80]

the fact of the game of investors may be, but that is not the main factor if the coin already has its own fundamentals, this is proven when Elon toyed with the coin but it returned to its pre-crisis price

[Natsuu]

IT is a common misconception to believe that BTC is the only one legit coin in crypto as I have known few people in my experience who also believe so.

In buying other coins aside from BTC or ETH, you can consider buying from the other well known coins such as BNB, XRP, Uni, or etc. Or as you said, consider their offerings and just 100% believed what you feel if they're scam or not. cause now you will be taking the high risk in crypto 

[tsaroz]

It's a popular opinion but diversifying your portfolio would have more benefits than harm. There are many reason why diversifying would be more rewarding and less risky than just holding bitcoin and it's not just due to profit. Their might be different circumstances both with the market and yourself that may make bitcoin only investment seem like a bad idea. Even with diversified coins, it better to diversify how and how long you hold them.

[BitcoinPanther]

So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

The most important factor I believe is the real life use case of the cryptocurrency before buying it.  But many don't mind it and just buy for profit's sake.  I do buy for mix reason.  The use case and the profitability of the coin in short, medium and long term.  Mixing these stuff won't hurt but instead would give us diversity and the possibility of maximum profit if that is the end goal.

[isaac_clarke22]

~

There are different views so get used to "members who believe different".
Important factor to consider is if the coin even has a practical use. There are many copy paste or should I say carbon copy of coins that are just simply almost clone of another existing coin.
This is why I start from the top of the popular coins before going down to the pit of where many shitcoins exist.

[nakamura12]

My guess is that you didn't do more research and that made you think that bitcoin can only be bought if it's 1 btc only. If you have known that there is smaller amount of bitcoins having it's own unit name like satoshi and mbtc then you would have earn profit. It really made sense that you only heard bitcoin and eth then never done any research. Choose crypto that you think suits your requirements like faster transactions, widely used and more except shit coins which cannot survive long term.

[Fivestar4everMVP]

I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

well, its the technology behind the coin that brings utility, so buying the coin because of the technology is same as buying the coin because of the utility, and to answer the question in the topic, it's highly worth it, I mean, aside bitcoin and Ethereum, when you visit coinmarketcap, you sure will find thousands of other coins that are super successful and have made its early investors super rich, so this is to say that making money in crypto does not end with bitcoin and Ethereum, there are several other projects out there that are highly promising and can bring a lot of money to its investors if discovered early, so it's worth it to invest in other coins other than bitcoin and Ethereum.

[tabas]

You buy bitcoin and ethereum for your peace of mind. There are projects that are hyping their technology and news but they don't have anything to offer for real.
A project can have all of those that you're asking but in real life, they have zero case and use.

[Dread Pirate Roberts]

I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

Ethereum is not an ordinary coin. many projects under ethereum smart contract . and also BSC also related to ethereum smart contract. For me if the plan was going to hold for a long time then i choose coin that will impact many projects or many aspects. at least the coin does have an impact on many people. there is few coin that have their own smart contract . such polkadot . ada . eos .

[ChiBitCTy]

Just an FYI you're going to get a lot of stupid answers in this section of the forum and after reading what most people have been writing in this thread, that statement is holding true.  So are there coins worth buying other than bitcoin? Yes.  Not all coins are alike either.  Ethereum is NOT a bitcoin competitor.  Ethereum is a smart contract based platform that is made for creating apps , NFTs etc.  It's main purpose is not that of a digital form of payment for normal goods and services.  Monero is another very legitimate altcoin that is different than bitcoin.  Monero, unlike bitcoin, is a fully anonymous coins.  It's the best anonymous coin out there as well (there are others such as Zcash for example).  There are a lot of other coins you can of course speculate on, but most coins are garbage.  Sure they may pump a little here and there but the majority solve no real world issue, have no true purpose other than to make somebody rich.  When evaluating a coin that is what you have to ask yourself.  What real world issue is it solving? Is it able to be used in todays world, right now?  What is it's primary function?  Who is the developer team behind it and do they have a good track record? etc.  

You mention not being able to afford either bitcoin or ethereum, but remember you can buy fractional shares.  Though if money was/is tight I commend you on not spending money on something you don't fully understand or believe to be high risk.  

[reza7777]

Because technology of the project, its usability and what it has to offer are important things you need to look at before buying a coin and again buying a coin other than bitcoin is worth it, as long as it is still at the top