Is it worth buying other cryptocurrencies other than bitcoin?

[Rengga Jati]

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

You don't need to buy 1BTC at once, you can buy any amount that you can afford although it is only around $50.
And about Ethereum, this is the altcoin, alternative coins. there are so many altcoins. But yeah, if we are a beginner, better to think very carefully and learn at first smartly before investing.
Bitcoin is the king of crypto, and there are also some promising altcoins such as Ethereu. we can also see the rising price of ETH following BTC.

I am personally trading and investing BTC, but also trading and investing some on altcoins (but of curse top coins to minimize the risks).

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[Woodie]

Yes and there are several good coins out there, which by the way also perform better than the number one coin.

Just remember not to buy any coin that comes your way becausewe have a handfulof shitcoins, you need to do some research  and look at some charts if you can and also see were this coin is listed and you will get a worthy altcoin to invest in.

[smyslov]

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 are not buying other coins then you are losing an opportunity to gain more profits from other coins, it's highly advisable to not put all your eggs in one basket, yes Bitcoin is good but it's not profitable at all times and there are times that other coins are profitable while Bitcoin is dipping and besides exploring some coins gives you knowledge on how far the technology have gone.

[leatutz]

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.

We all do our best research on bitcoin before investing in any altcoins. You shouldn't forget about the probability of altcoins which altcoins numbers are 10k. As numbers are high, chances are also high. I also believe in altcoins chances because of so much profit. I can mention so many names, but we're all lucky to choose Rabbit coins.

[gundala]

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.

altcoins can be a very good alternative for profit, we can take advantage of market volatility with altcoins to maximize profits. If btc is effective for the long term, then altcoins can be used for short to medium term investments. just look at there are many projects that can achieve profits of up to hundreds of percent in just a short time. what is needed is carefulness in choosing a project, and also luck. By dividing the portfolio, it can increase profit opportunities and reduce risk because we don't put eggs in one basket.

[Saisher]

Good question OP I think only 20% or less of all investors that are buying based on utility and tokenomics most crypto buyers are for speculations and quick profit thats what I can see especially newbies in crypto they really dont care about its uses, fundamentals etc,  they are looking if they can profit 100x in just 5 days lol.

I agree many investors want quick profit and they are going to pick a short term project that will likely give them profit than projects that will take some time for them to yield profit, but it's the long term profit that will guaranty your profit, these short term projects that are considered high risk are very risky especially those on the decentralized markets where liquidity providers can pull out liquidity, and will leave you a worthless coin.

[TimeTeller]

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.

altcoins can be a very good alternative for profit, we can take advantage of market volatility with altcoins to maximize profits. If btc is effective for the long term, then altcoins can be used for short to medium term investments. just look at there are many projects that can achieve profits of up to hundreds of percent in just a short time. what is needed is carefulness in choosing a project, and also luck. By dividing the portfolio, it can increase profit opportunities and reduce risk because we don't put eggs in one basket.

Diversifying your portfolio is indeed a smart choice when it comes to investments.
However, one should really assess each coin that he wants to get involved with.
Aside from btc, of course, there are other alts that are worth looking at.
Just take for example ETH or BNB, which for me are very worthy to consider to be included in your portfolio.
Make sure that they have strong use case and active development. And you need to keep up with their updates.
Because if a project is quiet for very long time, that's not a very good sign as they may have abandoned the project already.

[adzino]

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 probably means you didn't do your research properly. So you shouldn't be investing on anything if you haven't. Bitcoin and ethereum are two different platforms with different use case. Almost every (other than those shitcoins and clone coins) crypto currency was made with different use cases. You can't compare any of those. To answer your question, yes it is worth investing depending on why you are investing. Is it because you want to use their platform? Or is it because you want to make profit?

[kramchers]

In my own perception, nowadays there are a lot of altcoins in the market that has a potentials to increase in the future.
Although, I cannot deny also that there are a lot of shit coins pretending to be a potentials but the truth is not. Meaning, in this way of
happening now in the market it really needs a research to avoid high risk.

[nhaila]

Bitcoin the best online cryptocurrencies which is very much important for long periods investment but some others coins also have a good protential possibilities for long periods investment. Ripple, dogecoin and binance coin also have good profits possibilities.

[mhine07]

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 buy bitcoin then, you gain big profits now and also etherium if you buy it when its price is low, you gain big profits also now. But as you say that you cannot afford bitcoin then because its price is high maybe you consider to buy a little amount of it, you can also benefit in gaining profits not that big but surely your money will be back. Considering that bitcoin is the best in cryptocurrency world there are also altcpins out there that is worth buying for you to gain profits, you can go to the coinmarketcap for you to chose the top altcoins that is good to invest with your money.

[ARTURVH]

For investing purpose in its currency.it is worth buying other cryptocurrencies other than bitcoin .  But firstly make sure that you have bought bitcoin first before altcoin.

[Kiley33]

In addition to Bitcoin, there are many other good currencies, but not altcoins are worth investing in. You can first understand the situation of altcoins. Some altcoins are deceptive. If you invest, the most important thing is that you have enough funds and patience to choose a better altcoin. A short-term decline does not make much sense. do not worry. Investing in anything is risky, so be sure to keep your mindset.

[BETTYUI]

Bitcoin is the best investment currency. It has withstood various suppression tests and has been around for the longest time. Bitcoin's perfect technology has been recognized by many people and can profit from it, and it is relatively safe.  Recently, various altcoins have continued to appear, and some people have made a lot of profits, but not all altcoins can bring benefits. Before investing in altcoins, you must first research them to reduce the risk of loss. You can choose to diversify your investment and invest money in multiple currencies to reduce the instability of future returns.

[Kelvinid]

In addition to Bitcoin, there are many other good currencies, but not altcoins are worth investing in.

The coins next to Bitcoin are altcoins. Maybe you are thinking about stable coins, not cryptocurrencies.

You can first understand the situation of altcoins. Some altcoins are deceptive. If you invest, the most important thing is that you have enough funds and patience to choose a better altcoin. A short-term decline does not make much sense. do not worry. Investing in anything is risky, so be sure to keep your mindset.

Definitely, right. The majority of the altcoins are worthless and risky for investment but despite this situation, many were still able to manage and find good investment among the thousand shitcoins. They are making a profit and that happens because they conduct research, explore the market and trust the project they invest in.

But if we are not sure what we are doing, what we invest, that surely would end at loss and frustration.

[HanaTenun]

Altcoins are a good thing just like bitcoin, when you look at the current prices bitcoin and ethereum, almost everyone says it's too late to buy bitcoin or ethereum when they think price is cheap, you will repeat this again when the bitcoin price is $100k, or the ethereum price is $15k, we are not too late because of the opportunity to profit 10x could happen again.

We can't predict the market to be 100% accurate. but some people have to think realistically. the market has reached such a long and very strong rally. the dump happened but the market still looks strong. we're not at the bottom yet, so the potential for many predictions is bound to lead to a deeper decline. we don't know how the market will get ATH again in such a short time. which I believe the market can still benefit from short-term trading and investment.

[Dump3er]

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 probably means you didn't do your research properly. So you shouldn't be investing on anything if you haven't. Bitcoin and ethereum are two different platforms with different use case. Almost every (other than those shitcoins and clone coins) crypto currency was made with different use cases. You can't compare any of those. To answer your question, yes it is worth investing depending on why you are investing. Is it because you want to use their platform? Or is it because you want to make profit?

The term investing by itself explains what his intentions are given the context information I guess? He obviously talks about investing for profit. Platform usage seems to not be part of his considerations. Sure you could say you invest in a cinema ticket and get joy in return, but when we talk about investing here I am quite confident we all know what is meant, don't we?

[Lee_Mire]

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?

Diversification works in crypto during a bull market because altcoins pump harder than bitcoin, but in a bear market you are better off just loading up on BTC because for the same reasons altcoins drop harder than bitcoin. So before you decide to buy other coins, you have to research if we are currently in a bull or bear market.

[sherenikaw]

Of course, it's worth it, many other coins that have good prospects to invest. it's just that BTC is the highest coin and the prospects are also good, so if there is the capital it would be better to invest in BTC. as far as I know, other coins besides BTC are currently stable and good for short-term investments. can be seen in the market to choose a good coin. if we want to invest we must be able to observe the market well so we can also choose good coins. at the moment the market is unstable and that makes the market a bit chaotic but calm that's not a bad thing. the most important thing right now is to learn to manage our assets properly.

[Tina H]

There are many factors to consider when buying cryptocurrency, such as the application functions brought by the currency, global or market circulation, currency popularity, user consensus, security audits, etc. You can buy cryptocurrency without considering a single factor. I think The most important point of cryptocurrency is consensus, but consensus is based on the application landing and circulation or rarity, and it is very safe to pass audits, just as everyone is optimistic that Bitcoin can reach a height of 60,000 US dollars is the source of users. Consensus and confidence in future appreciation. If you are optimistic about the future and development of Bitcoin, I think this is a good opportunity.