Is it worth buying other cryptocurrencies other than bitcoin?

[Slow death]

definitely the answer to your question is a simple one:

buy on the wave

I'll explain better:

in the past the wave was ICO, then the wave was DEFI and now the wave is NFT (Non-fungible token)

Note that even altcoins that had dog names increased a lot in prices and are not useful projects for society, but as elon musk supports dogecoin then it became fashionable to create dog altcoins and people followed the wave of dog altcoins

[Darktongue]

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?

You must have a your strong reasons why you are interested in the cryptocurrency. I like my privacy and decentralization, but what kind of technology do you like? I mailed "Play store" and so many places to accept crypto payment. Crypto payments are more reliable and faster than others. You can take the Ethereum and Binance coin opportunity, if you are interested in a single number. Now don't miss the next opportunity, if you have enough knowledge.

[crzy]

I buy depends on the market situation, I buy because it’s cheap and I buy because of it’s hype. You have to know how this market works and know that, if you are too focus on one cryptocurrency, you are missing a lot of things. When it comes to a new project, you must consider everything because not all are worth investing, they are new that means the risk are high as well.

[kurniawan05]

Of course, there are many other high value cryptocurrencies besides bitcoin, these altcoins use blockchain technology that can be implemented in the real world, it's just that bitcoin is the first cryptocurrency in the world and is still the price reference for other altcoins. Examples of altcoins that are currently on the rise are ETH, BNB, SOL and Matic.

[RokokGudangGaram]

Of course, I think you should spilt your investment to different coin not just on Bitcoin sometimes you would be able to earn much more on altcoins rather on Bitcoin sometimes when the Bitcoin pumps the altcoin's price were left behind and after some time it will pump, it depends how you handle or what strategy you are doing in your investment but in my opinion buying other coins rather than Bitcoin is really worth it.

[junkerr]

some people may like to trade and invest in multiple assets. but some people like BTC completely. storing and trading BTC with large capital must be very profitable.
but I myself prefer altcoins to BTC. but I also don't put my investment in many altcoin assets. only slightly. while for this season, only BNB, LTC, and LINK I manage in my wallet.
but to buy now, no big deal. bitcoin still controls the market today. and altcoin momentum is slowly building up.

[Xinarae*]

Of course, it is worth buying cryptocurrencies other than bitcoin although bitcoin is the king of the crypto marke there are many currencies that are of good value ethereum BNB, the best of all altcoins after bitcoin has low risk and is profitable for long term investments like bitcoin. Advances in blockchain technology are adding new projects that will improve quality.

[laohe628]

It is still a matter of risk. Investing in Bitcoin is less risky, but Bitcoin is unlikely to be X10 in a short time.Investment in altcoin is high risk, but there is a possibility of X10 in a short time.If you buy for HODL, bitcoin can be said to have little risk, while altcoin has the risk of becoming zero.

[sulis sudibyo]

Of course it's worth it, because there are many good coins besides bitcoin. Altcoins like ethereum, bnb, cardano, polkadot and other big coins are good investments besides btc. when btc goes up, the altcoins that I mentioned earlier also increase. so it would be a worthy investment besides bitcoin.

[maydna]

Perhaps, you can consider buying the coin is for the investment factor because now, the usage of the coin in real life is not yet implemented because of waiting for the government's approval. If you use the investment term, you only need to invest in bitcoin and leave it in your wallet without doing anything.

You do not lose yet, and you still have much time to invest in bitcoin as the price still below $40k, and the price can go down if the correction comes. You can invest in the other coins if you want, and ethereum will be the next coin that can be your investment. You can buy from a small part if you do not have much money. We buy bitcoin using that way, and we still did that until now. That is a solution for people who don't have much money but want to accumulate more bitcoin from time to time.

[trauchot]

Of course, because there are many top cryptocurrencies besides Bitcoin, which are also very popular in all over the world, and most importantly, these cryptocurrencies are constantly developing rapidly and bring good profit to their investors, so you should study the cryptocurrency market and top cryptocurrencies in this market in order to decide later in which top cryptocurrencies it is best to invest, and of course you can, for example, study such top cryptocurrencies like ethereum, binance coin and polkadot.

[indrakusumaindra]

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?

I did buy altcoins cause i think its offer more yield than investing on bitcoin. If you take a big picture ETH perform more in 2021 than bitcoin. Before buying its true you need to do a research and i do think fudamental of the project is the main factor that make the price perform well.

[Pamadar]

Of course, because there are many top cryptocurrencies besides Bitcoin, which are also very popular in all over the world, and most importantly, these cryptocurrencies are constantly developing rapidly and bring good profit to their investors, so you should study the cryptocurrency market and top cryptocurrencies in this market in order to decide later in which top cryptocurrencies it is best to invest, and of course you can, for example, study such top cryptocurrencies like ethereum, binance coin and polkadot.

Finding the right assets is the hardest thing to do while investing to this market,

Yes there are many available coins that you can divert your money aside from Bitcoin, especially if you only have a small amount to spare for your investment, using other popular crypto which cheaper than Bitcoin might bring same or more profits if you pick the right one and you really follow the development of that project.

[danherbias07]

You can always buy just parts of Bitcoin if you want to. Like 0.01BTC and it may still be worth more someday when you keep it.
Altcoins, yes, there is always a possibility for profit on that field and in fact I am also one who bought altcoins sometime ago up until now.

Use case, team behind it and how good their marketing strategy is, better look at those details twice so that you can lower the risk.
Even with how sweet the words that will come out of their team, you should not believe it but use it as where your point of research will be.
If your instincts tell you it's a 50/50 chance then your research can lower that to 20-40 percent. It's an important part before investing.

[ILuckyGuyI]

The technology used in a project is one of the factors affecting the choice of people of course. If the project seems really innovative and aims to solve a real-world problem, I start trusting it more than others honestly. So, you shouldn't just think of investing into Bitcoin. You can also do a good research about various projects and give them a chance too.

[kryptqnick]

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?

If you mean Ethereum or other coins in the top of the list by market capitalization, it's not worth it. Bitcoin tends to rise higher and to fall less significantly than Ethereum and others. But given that Bitcoin is #1, it's also already worth lots of money, and imagining it going 3x over a short period of time is unbelievable. At the same time, there are always shitcoins that easily do this. So there is more fast profit to be made with altcoins hypothetically. But you also have to factor in the risks of buying an unpopular crypto: it can make you lose way more than you would with Bitcoin.

[accounting 181293]

if only for profit, all coins are worth buying. but if it's for long term investment, not all coins are good enough to buy. only coins that rank up and have real use are worth buying. Coins like ethereum or BNB are among the coins besides bitcoin that are very viable in the long run. but it must be remembered that not all top ranked coins are good, there are some coins that are just speculation to develop like meme coins. better to miss such coins, you will only regret it later.

[tvplus006]

...So there is more fast profit to be made with altcoins hypothetically. But you also have to factor in the risks of buying an unpopular crypto: it can make you lose way more than you would with Bitcoin.

By investing in altcoins, an investor gets a greater profit than by investing in BTC. But this rule only works for the bull market. As the market becomes bearish, the value of altcoins loses 80-90% of the maximum, while the price of BTC falls by 40-50%. But it is necessary to trade altcoins, at least in order to buy more BTC.

[Pito001]

It all depends on your acceptable risks and investment time frame

[Shasha80]

There's a time that I invest more in altcoins because it's very quick to make a profit on new coins than Bitcoin, Bitcoin is great but it's not the only fish in the sea that's worth having, there are hundreds of coins in the market and if you limit yourself to only investing in Bitcoin you are limiting your knowledge and profit.

I totally agree with you. Some of the biggest profits I have made in cryptocurrency were from some other good Altcoins that I have invested in over the years. I believe that Bitcoin is great to have in your portfolio but as you mentioned there are many good Alts projects we can invest in to make good profits, crypto is an investment and you most definitely want profits from your investments.

I'm like you several times have profited from investing in altcoins, so it's not only Bitcoin that can give us profit. But there are also many altcoins
that can give us profit, the problem is that the number of altcoins is very large and not all of them can give us profit. In fact most of them are
shitcoins that will cost us money. Therefore, if we want to decide to invest in altcoins, we must do research and analysis first, so that we don't
choose the wrong altcoins for investment. Usually the top 10 altcoins are safe to buy and can generate profits if we are patient waiting for the price to rise.