Is it worth buying other cryptocurrencies other than bitcoin?

[geegaw]

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?

Bitcoin actually is the best for investment here in this field of business. But I think it is only good for the individuals who have a big capital and motivated for the long term, but for the traders who is not in the middle class type of people, buying cryptocurrency is very suitable for them like me.

I agree, crypto market needs so many different segments to cater to different classes, rich people can come with perfect products like bitcoin and poor and middle people can come to altcoins, expiry date won't be long and risky but save quite a lot of money, even some rich people choose altcoins to limit the risky cost of repairing expensive products like bitcoin. Altcoins are also not a completely inferior product, they just lack a reputable establishment and are relatively diverse, users may not know the right choice but when determined well, they will definitely participate in the long term.

[Blowon]

I think it's even better than just saving bitcoin, because bitcoin is the first version of the cryptocurrency, and altcoins are the further versions, it could be that you get a lot of profit like storing bitcoin for the last 5 years, because the coins you buy are still strong enough to be developed.

[apa don]

I think it's even better than just saving bitcoin, because bitcoin is the first version of the cryptocurrency, and altcoins are the further versions, it could be that you get a lot of profit like storing bitcoin for the last 5 years, because the coins you buy are still strong enough to be developed.

Yes, that's true, but pay attention first by buying other cryptocurrencies besides bitcoin, and observe it before buying other cryptocurrencies, because the cryptocurrencies that will be purchased do not necessarily happen like bitcoin is happening now.
And hope that the next altcoin will develop like bitcoin.

[Review Master]

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 there is possibility of bull season in the upcoming months, than you can buy ethereum or other top alts which are having huge fanbase and potential to grow more. As bitcoin took bullish rally, ethereum and other alts also pumped a lot and few alts created a new ATH in this current bull season. So, it'll depend on the market condition as well as the fundamentals of those alts. So it's better to understand FA as well as TA for doing trades on any alts. 

[Similificator]

Every time I see this type of question, my only answer is to check the coin's credibility which can be done through doing some simple research about the coin itself that you are eyeing. First, you need to check the community first whether it gives a good vibe, gives good criticism, etc., etc., and not just a whole bunch of people shilling the project without any reason or overly exaggerating things. Second would then be to check the type of developers the coin has and the partners; whether they are good at what they do or not like management of community, marketing and the project as a whole. Third would be the usefulness of the concept or the usecase level of the coin. If all these are good, then it will be a nice investment.

[sapnu]

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 actually do not need to stuck yourself on those popular cryptocurrencies, there are still some other crypto that can be worth to invest with. You should try diversifying since that has became the trend nowadays considering the success of many altcoins other than Ethereum and Bitcoin. There's nothing wrong with investing on other altcoins as long as it is worth it and it has the potentially of become successful in the near future as well. Keep on finding and make sure you will pick the best and only the best so that your time wouldn't be wasted and your money will keep on growing.

[Viscore]

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 actually do not need to stuck yourself on those popular cryptocurrencies, there are still some other crypto that can be worth to invest with. You should try diversifying since that has became the trend nowadays considering the success of many altcoins other than Ethereum and Bitcoin. There's nothing wrong with investing on other altcoins as long as it is worth it and it has the potentially of become successful in the near future as well. Keep on finding and make sure you will pick the best and only the best so that your time wouldn't be wasted and your money will keep on growing.

Diversifying our portfolio would not only mean between ethereum and bitcoin. Of course, other altcoins too could be very profitable in their own unique ways. Altcoins are very risky to invest but if you have chosen those well developed coins with high potentials that will grow more in the future, then you have nothing to worry about. It's better to invest into different coins but make sure to prioritize bitcoin capital over the others.

[Jackl87]

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 will find a lot of users in here that are bitcoin enthusiasts and also bitcoin evangelists and are saying that bitcoin is the only legit cryptocurrency and every other cryptocurrency except from bitcoin is a sh*itcoin. I disagree with this statement i mean why would someone say that Ethereum is a sh*it coin in 2021 anymore? There are so many projects that are running on the Ethereum Blockchain already and everyday there are new projects emerging. The whole hype with the Defi projects could only develop because Ethereum has the smart contract functionality that makes those Defi features like yield farming and staking even possible.
I always looke at the whitepaper of the project, the team, the use-case and also the tokenomics. If all those 4 points look good to me i may invest into that project.

[lousie9]

Before you get into investing in crypto? it would be better if you first learn the system used in Crypto, then if you want to invest in coins other than Bitcoin of course you also learn some crypto assets that have been listed on the marketcap there all information about crypto assets has been provided, so don't be wrong in invest in crypto because all assets only you will control.

[so98nn]

It is a long lived sentiment that BTC and ETH are the best of all. Obviously that is a for reason and it's true in many sense. They are the oldest player and also with some function or utility which makes them the unique. Of course it is always worth buying other crypto's because many of them are coming up as great ideas and innovations which are true to the current world. You know we have virtual debit card processors to having gift cards and stuff in the form of crypto currencies. Many tech giants are focusing on the crypto exchangers too, having perfect instrument model and what not. These are emerging projects, while some of them already rooted the base perfectly.

So yeah, its more than logical to keep diversifying your portfolio. That way you also minimise the risk of loosing money on one bet itself.

[Asuspawer09]

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 think most of us have a goal of making a profit that is why we are investing in cryptocurrency or bitcoin, the technology is just a perk of bitcoin and cryptocurrency but not really the reason why we are buying it.

There is a part of it since we buy cryptocurrency that has great technology like faster transactions, high security, etc. but the main goal of it is to make a profit with the reason of its utility or we believed that it could be useful in the future.

There is some token like Dogecoin which doesn't have a utility but still able to get a good market price in the market so I think there is a lot of reasons why we buy other coins. Bitcoin technology is already old but still top 1 cryptocurrency until today.

[7788bitcoin]

There is some token like Dogecoin which doesn't have a utility but still able to get a good market price in the market so I think there is a lot of reasons why we buy other coins. Bitcoin technology is already old but still top 1 cryptocurrency until today.

I would say Dogecoin has utility unlike other coins with unlimited coins in circulation, if you doubt the meaning of the world, just check multiple gamble sites and can you see Dogecoin accepted as a currency to gamble, that alone is more than enough to determine its utility unlike other coins in the market, where the only purpose is to trade or expect a pump and dump.

[husdemba]

If you are considering a long-term investment, you should look at the quality of the project. I am a little impatient and therefore make daily decisions.
I am completely driven by the news and I continue to do so. If you don't like to follow the market, you can invest in projects on a long-term basis 

[fullhdpixel]

Bitcoin actually is the best for investment here in this field of business. But I think it is only good for the individuals who have a big capital and motivated for the long term, but for the traders who is not in the middle class type of people, buying cryptocurrency is very suitable for them like me.

I agree, crypto market needs so many different segments to cater to different classes, rich people can come with perfect products like bitcoin and poor and middle people can come to altcoins, expiry date won't be long and risky but save quite a lot of money, even some rich people choose altcoins to limit the risky cost of repairing expensive products like bitcoin. Altcoins are also not a completely inferior product, they just lack a reputable establishment and are relatively diverse, users may not know the right choice but when determined well, they will definitely participate in the long term.

I disagree that bitcoin is for big capital people, its long term project and it will make you profit in the long run. I do agree that there is a good amount of money to be made on altcoins if you are brand new to it but then there is the fact that bitcoin will be more safe investment as well. So, just keep your money in bitcoin and wait a decade if you have to and you have a ton of money.

I am not saying altcoins do not make more money, when you look at the top returns its always altcoins and if you can find one that will give you that type of return you can make a lot more money, and people who are not wealthy look into those because they need to make a lot more money and 2x is not enough to be rich. However do not forget that people who are looking into those are also the people who may find some shitcoins as well, which is why altcoins are riskier, whereas bitcoin is at least guaranteed.

[fullhdpixel]

Bitcoin actually is the best for investment here in this field of business. But I think it is only good for the individuals who have a big capital and motivated for the long term, but for the traders who is not in the middle class type of people, buying cryptocurrency is very suitable for them like me.

I agree, crypto market needs so many different segments to cater to different classes, rich people can come with perfect products like bitcoin and poor and middle people can come to altcoins, expiry date won't be long and risky but save quite a lot of money, even some rich people choose altcoins to limit the risky cost of repairing expensive products like bitcoin. Altcoins are also not a completely inferior product, they just lack a reputable establishment and are relatively diverse, users may not know the right choice but when determined well, they will definitely participate in the long term.

I disagree that bitcoin is for big capital people, its long term project and it will make you profit in the long run. I do agree that there is a good amount of money to be made on altcoins if you are brand new to it but then there is the fact that bitcoin will be more safe investment as well. So, just keep your money in bitcoin and wait a decade if you have to and you have a ton of money.

I am not saying altcoins do not make more money, when you look at the top returns its always altcoins and if you can find one that will give you that type of return you can make a lot more money, and people who are not wealthy look into those because they need to make a lot more money and 2x is not enough to be rich. However do not forget that people who are looking into those are also the people who may find some shitcoins as well, which is why altcoins are riskier, whereas bitcoin is at least guaranteed.

[Hamphser]

There is some token like Dogecoin which doesn't have a utility but still able to get a good market price in the market so I think there is a lot of reasons why we buy other coins. Bitcoin technology is already old but still top 1 cryptocurrency until today.

I would say Dogecoin has utility unlike other coins with unlimited coins in circulation, if you doubt the meaning of the world, just check multiple gamble sites and can you see Dogecoin accepted as a currency to gamble, that alone is more than enough to determine its utility unlike other coins in the market, where the only purpose is to trade or expect a pump and dump.

This is so true!

Majority had been saying that Dogecoin is a shit one? They havent realized that it does really have that utility and it wont be accepted nor be used if it was shit on the first place.

The only thing happens is that when this meme coin had gained much hype and interest then those coin creators do make out even more shitty ones which doesnt really have relevance at all.

Buying alts is diversification and of course you would be needing to spot out on which one would be worth not just those pump and dumps.

[Ratash]

I always liked ethereum because since my beginig in crypto in 2017 i've seen many good projects and tokens in the ethereum network and i ve seen how powerfull it is on top of that its utilities aside from being an investment asset i think the main reason to choose a currency is the technology and usecases.

[Helpme_please]

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?

technology that developted by dev team should be our concer, did this technology overcome the problems that occur in previous project or not? usually new project want to make previous project perfect by developting some feature and also build ecosystem in crypto market so its native token will have usecase or utility. Without this factors we could called it as shit projects.

[abel1337]

Bitcoin actually is the best for investment here in this field of business. But I think it is only good for the individuals who have a big capital and motivated for the long term, but for the traders who is not in the middle class type of people, buying cryptocurrency is very suitable for them like me.

I agree, crypto market needs so many different segments to cater to different classes, rich people can come with perfect products like bitcoin and poor and middle people can come to altcoins, expiry date won't be long and risky but save quite a lot of money, even some rich people choose altcoins to limit the risky cost of repairing expensive products like bitcoin. Altcoins are also not a completely inferior product, they just lack a reputable establishment and are relatively diverse, users may not know the right choice but when determined well, they will definitely participate in the long term.

I disagree that bitcoin is for big capital people, its long term project and it will make you profit in the long run. I do agree that there is a good amount of money to be made on altcoins if you are brand new to it but then there is the fact that bitcoin will be more safe investment as well. So, just keep your money in bitcoin and wait a decade if you have to and you have a ton of money.

I am not saying altcoins do not make more money, when you look at the top returns its always altcoins and if you can find one that will give you that type of return you can make a lot more money, and people who are not wealthy look into those because they need to make a lot more money and 2x is not enough to be rich. However do not forget that people who are looking into those are also the people who may find some shitcoins as well, which is why altcoins are riskier, whereas bitcoin is at least guaranteed.

Bitcoin is for everyone and even how small the amount is, They deserve to hold some of it. It's true that bitcoin is a good long-term investment and there are very good altcoins that can match bitcoin potential in terms of investment. But day by day new coins are coming and there are many coins that are becoming less and less valuable because of how weak their foundation is. We should avoid that kind of altcoins if we want to invest in an altcoin that is on par with bitcoin. ETH is a very good choice in my opinion if you want a worthy altcoin.

Risk-taking on shitcoins is out of the line, Quick rich schemes are the ones we should avoid in this crypto space.

[Magicalking]

they are looking if they can profit 100x in just 5 days lol.

Shit coins do have some crazy pump, they are easily manipulated by whales. One I can remember is goatcoin which made x500 or so before dumping drastically. Buying shitocoins is a greater risk than investing in Bitcoin or eth