Is it worth buying other cryptocurrencies other than bitcoin?

[panjay]

My view on altscoin is something like this:

if these alts can make me money I will buy it, even if it has a name of a poo or something.

Doesn't matter if you want to buy bitcoin only, but why just buy bitcoin when you can buy and sell alts and sell for more bitcoin!?

[trauchot]

There are a huge number of top cryptocurrencies that bring excellent income, as well as investing in bitcoin, so I constantly invest in various altcoins to get profit and lately I have invested the most in ethereum, bnb, link, polkadot and solana, as I actively checking these cryptocurrencies and I see that the developers of these cryptocurrencies are constantly developing their technologies and capabilities, and therefore I just wait for the cryptocurrencies in which I invested my money to start growing in price in order to fix the profit.

[Mihawk]

It's normal to miss opportunities when starting something. Certainly, the BTC is the first option for everything that it's and has shown so far. Altcoins involve a greater risk, although several projects have technology, some applications and strong communities, even so, compared to BTC, they can't detach themselves from the price movements that occur with BTC. You would need to do some research and study and understand that applications are not always synonymous with success, one of the main factors is the user base ie the community.

[BitTraderCute]

bitcoin or altcoin are worth to buy if we collect the correct coins in our bag.  most of major altcoin are good long term investment if strong to hold it and not panic when market suddenly crash. the thing that make our portofolio bad was our mentality when facing uncertain market, we were panic and sold everyhing meanwhile our bag full of good project.

[tabas]

bitcoin or altcoin are worth to buy if we collect the correct coins in our bag.  most of major altcoin are good long term investment if strong to hold it and not panic when market suddenly crash. the thing that make our portofolio bad was our mentality when facing uncertain market, we were panic and sold everyhing meanwhile our bag full of good project.

Not most of the altcoins are good to hold. If you're saying that most of them are then you're just putting trashes in your bag with all of those. There are worthy altcoins but they're not all of them. It's good to have bitcoin and if you want to diversify with some altcoins.
Then you have to choose what are the best of them all and you don't have to add all of them because only a few of them are worth to hold, specially if you're long term.

[flyeers309]

Because of both. I bought because it has strong technical and fundamental. From year to year a lot of Shitcoin has sprung up and does not have a clear usecase, only being used as a pump and dump coin . Therefore when you want to invest for the long term, then see from all sides, USECASE Utility fundamental community etc.

[Johnyz]

before buying a coin other than bitcoin I recommend doing research first of the coin you want to buy so you can avoid buying the wrong coin and it will only keep you stuck at high prices because after buying there is a dump, in my opinion other coins that still have potential to make a profit if bought and stored for the long term are BNB and Ethereum.

This should be your normal practice every time you deal with the market, you do analyze before investing. The answer to OP is yes but it depends on the altcoins you are looking for. We should not focus on Bitcoin alone because there are so many opportunities beyond that coin so don’t limit yourself buying one coin. Deal with the legit altcoins, do invest the money you afford to lose and you’re good to go just remember the first step, analyze.

[yazher]

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?

This kind of question has an obvious answer depends on how you look at the other cryptocurrencies that are top on the cryptomarket. However, most of them if you invest right now have only a little amount of return if they ever increase their price in these few months. unlike the one that has only emerge which has some promising roadmap and a legit developer can give you a huge amount of income if you are just persistent and patient to hold it for years. Just like those current top altcoins in the crypto market, they started from zero to something highly valued.

[BaeSuzy]

Everything you said is very important, before i decide to invest on something i will do research about everything that coin i want to buy. So everything factor is very important for me.

[Liamttw]

Bitcoin is the king of encryption and is widely recognized. If you invest and hold it for a long time, Bitcoin will be the best choice. When investing in altcoins other than Bitcoin, you must first understand and choose a currency that is more reliable and has long-term development. In order to reduce investment risks, you can choose to diversify your investment.

[imstillthebest]

you dont need to collect money equivalent to what price the 1 btc has because that was hard and it will be hard for btc to go down deep .
what you need to do is buy what you can afford . having some btc is better than not having any .
 btc is the most important coin in crypto and there are less complaints with btc than in eth . its important to buy a coin because of its technology or utility and not because the coin is in the news because its being hyped .

[Yamifoud]

 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'll buy coins because of the following consideration...
*Market history
*Volume
*Exchanger
*Feedback

I don't rely on the news because most of them are scripted and nonsense. What I did is to analyze the market trend, a lot of things can be changed around and manipulation is one factor.
If you have Bitcoin and Ethereum that will be a good choice.

[tvplus006]

Bitcoin is the king of encryption and is widely recognized. If you invest and hold it for a long time, Bitcoin will be the best choice. When investing in altcoins other than Bitcoin, you must first understand and choose a currency that is more reliable and has long-term development. In order to reduce investment risks, you can choose to diversify your investment.

If you have set yourself the task of making money on the crypt, then it will be difficult for you to achieve such a goal without trading altcoins. It is the increased volatility of altcoins that gives us the opportunity to increase our deposit by tens of percent, while the price of BTC changes by 3-5%.

[btcltcdigger]

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?

For long term investments, best approach would be to check the fundamentals.
FA is what determines your long term investments, while TA is what could determine short term ones

[tersek]

Yes of course, yesterday I bought RABBIT tokens for a few dollars and now the profit is more than 1000%. So in my opinion buying cryptocurrencies other than Bitcoin is still worth it. The point is to learn in advance the token you want to buy and its future prospects.

[Teknisi88]

Each cryptocurrency has advantages and disadvantages.
One of the advantages of Bitcoin is its nature as a crypto currency, with an increasingly sophisticated Hash Rate (level of complexity of cryptographic algorithms), public trust is also increasingly guaranteed to avoid risks such as counterfeiting.
Then if we look at the drawbacks of Bitcoin, it is speculative (in terms of value). Its value is determined by the number of people or business units that accept Bitcoin. If more and more people use it, its value will continue to increase. On the other hand, if it is less, the implication is that the selling price will fall.
Likewise with other cryptos such as ETH, XRP, BCH, LTC and so on.
So before buying Cryptocurrencies, it would be nice if we first learned about the crypto.

[bakasabo]

If a person likes to risk, have appropriate trading analytics skills, then why not buy altcoins, as they can make someone more wealthy in a period of time, shorten than Bitcoin will need. I have divided crypto in two parts for myself. Bitcoin - it will take long period of time to become richer. Altcoins - becoming richer wont take much time, but it is way more risky. For me it is stability versus time. And you cant choose both options. Everyone chooses his own path.

[KaliLinux]

Yes of cause. When I started cryptocurrency trading I actually started trading more Altcoins than Bitcoin but the only thing was we first needed to buy Bitcoin to now buy the Altcoins because it wasn't like now that we have even Fiat buy options. Altcoins are good to buy too but you must know which ones so that you don't get hung up.

[fvb]

Of course, the purchase is based on the utility of the token. The team behind the project, as well as the technology and development prospects of the coin. All top coins are great long term investment. And personally, I think that it is very promising to have the first ten or more cryptocurrencies from the coinmarketcap list in your portfolio.

[chanler]

if you don't have enough capital to buy BTC then you can buy 0.5 BTC or buy other cryptos that do have good prospects because there are also many good coins to invest besides BTC. You can choose long term investment or short term investment. if you really want a long-term investment then you have to be more patient to wait until the price is high. I suggest if you want to try investing then you can choose short-term investments. choose a coin that is good and stable enough in the market so that it can minimize losses. investing in crypto can be profitable if we can be patient and more careful in making decisions to sell assets owned.