Is it worth buying other cryptocurrencies other than bitcoin?

[Ararbermas]

It's worth it mate, but make sure before you buy you will make research because that's the most important to avoid scam. Wherein don't just buy because you see a good testimonial and someone's saying it's a good project than other trusted projects in the market. Because mostly new projects nowadays is paying for promoters so be aware and make you own research instead, for example if it's listed already in any reliable exchanges, and the volume is more important as well and the total of holder.
So remember this thing. Make TA as well in the chart of the coin to assure you are in the right timing when it comes buying wherein in order to make good profits afterwards..

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[leea-1334]

if you want to buy coins other than bitcoin then I suggest you to look at the conditions of the exchange, when the conditions of the exchange place are red because many coins have collapsed then it is definitely the right moment to buy altcoins that have potential and have high trading volume, while if it returns green then you can sell it for a profit.

Or maybe just ignore the exchanges other than the ones who've been around for a long time? I am talking about Bittrex, and Binance, for those not really into Coinbase and stuff (or like me who cannot even really access those types of exchanges because of location).

I think coins themselves are not really good on whichever exchanges but yeah, if they list on Coinbase,,, they will probably be around for a while.

[viananda2525]

if we talk about profit potency from altcoin and compared with bitcoin , actually they have same rate. either bitcoin or altcoin were profitable for us as long as we bought it on correct level.  Cryptocurrency have thousands coin now , and only less than 5% were good project and have strong support from community . Its be our own task to find this project to earn multiply profits.

[Alert31]

Of course Yes. Investing in different cryptocurrency including bitcoin is a good idea if you want to have a good return. But it is all depends on what altcoins you are going to buy and how long you are going to invest on it? If you want to hold for long term, I think Ethereum, XRP, BNB, and LTC are good. But much better to make your own research and study about such coins before buying. Bitcoin alone can't give you huge profit if you have just small capital. Investing is risky and in order to gain profit, you should take the risk.

[Renampun]

To be honest..there are hundreds of potential crypto tokens/coins that can benefit you apart from Bitcoin...

but Bitcoin is more recommended. last year was the moment when all cryptocurrencies fell and if we compare this year, almost all cryptocurrencies have increased in price by 5x-20x. I currently hold several altcoins such as ethereum, bnb, trx and matic because I believe in their potential for the next few years.

[Kasabus]

If you only rely on bitcoin, of course it will be difficult to profit in the short term, altcoins always promise a bigger profit than bitcoin, bitcoin will be difficult to reach 10x price but altcoins are easy to reach 10x even in a month.

What altcoin can reach 10x in one month? try to mention it and after that try to see the price of Bitcoin in 2019 until early 2021, whether the price of Bitcoin has reached 10x or even 20x, because only people who just woke up say that, because Altcoins will only pump well if Bitcoin market is in good shape, you can see an example now where the average Altcoin is declining while Bitcoin is experiencing a decline in the market, so wash your face and see what happens in the market before you say such things.

Altcoins are only profitable if they have bigger utility case in their community but if the altcoins you are holding are just an ordinary coin without high potentials to increase its value in the future, then you will not really bound to make good profits.

However, bitcoins are always profitable no matter how dump its value, it will always come up surging with new heights. This comes the advantage of bitcoin, it will always recover even how low its value. So most of the investors prefer to invest in bitcoin because even if its quite expensive compared to altcoins, the returns will always worth the wait.

[seleme]

You can invest as much as you want in altcoins but be careful with money management before deciding on the ratio per coin. At least 20% of the investment portfolio has to be promising altcoins and you should check the profitability of the investments every month for changing it. Instead of going all-in BTC, I prefer to divide risks based on the future potential that is different in each case.

There are hundreds of alternative cryptocurrencies, whichever you will invest is your decision. After making a concrete investment decisions, buy the planned altcoins in small steps so you can change your portfolio if something goes wrong on short term basis. Unless you are looking for small gains on capital go to invest in small marketcap altcoin for getting higher return on the investment.

[leea-1334]

To be honest..there are hundreds of potential crypto tokens/coins that can benefit you apart from Bitcoin...

but Bitcoin is more recommended. last year was the moment when all cryptocurrencies fell and if we compare this year, almost all cryptocurrencies have increased in price by 5x-20x. I currently hold several altcoins such as ethereum, bnb, trx and matic because I believe in their potential for the next few years.

Said this before so many times. Potential is easy. Every single thing you create has potential, even if you just woke up one day and randomly put out a coin. Potential is not what you look at but achievement. If there is no product, no accomplishment,,, just a coin? Just some cheap tokenomics? Then you have nothing BUT potential.

[Sled]

well, sometimes I buy coins because of the utility. For example, I often buy coins on a CEX to reduce the fees from my withdrawals. besides BTC and ETH, you can see how useful BNB can be, and currently Binance is developing a BSC that will most likely drive the price of BNB even higher. however, it's worth buying the coin because of its utility . it's just, always do deep research, because the example I use is a coin that I think is equivalent to Ethereum.

It is a need to look at the utility case of the coin which is highly recommended. I honestly don't spend a lot of time in the market digging which coin is profitable and has huge potentials in the future because it was clear and obvious that the leading altcoins are worth buying. Instead of digging more, I'd rather invest in those top altcoins ETH and BNB as an example.

[Samurai trieng]

In my opinion, there are still very good cryptocurrencies to invest in besides BTC, namely Ethereum and Binance, these two altcoins have criteria that are very suitable for long-term investments, because they have a very qualified potential and prospects in cryptocurrencies, a proof that ETH and BNB are ranked an 2nd and 3rd highest altcoin in CMC and still holding up today,

[isaac_clarke22]

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It would be just a pump and dump of a social group/circle that could do that although describing it as a social circle seems small to even manipulate price of something big. It won't happen to Bitcoin due to how expensive it is right now plus the market value.
Could happen for newer projects though.

[Maslate]

We can't deny that many altcoins are more profitable than Bitcoins but if we are talking about investing for a long-term goal, that we need to choose those on the top 10 altcoins. But for me, I share my capital most on Bitcoin compared to altcoins and I'd never spread my funds to many altcoins as I was just currently holding BTC and ETH while the market is not really a good position. But when bullish has come, it is best to invest in new projects as these will mostly pump more than what we expect, x1000 or even more because of hypes and this is not happening to the old coins even in Bitcoin.

[aioc]

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 technology behind the project and the utility is of utmost importance because it's what wise investors will be looking at before they invest their money, the news can come later but the developers should focus long term so the project can build support and community it will eventually get in the market and have a good spot there.

[_MrTuyul404]

Bitcoin is still the cryptocurrency with the most fantastic value. However, besides that there are still various other alternatives that you can use to invest.

[speedforce]

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?

Theres Bitcoin Maximalist and Bitcoin Minimalist in this crypto space, im as Bitcoin Minimalist believe altcoin have a better opportunity for being adapted as Payment Processor. So, instead of putting most of my portfolio to Bitcoin i put my investment on Altcoin that have tech and strong community.

[caryoscar]

In addition to Bitcoin, the digital currencies I currently hold include Sushi and Monero, especially XMR.
I have held it for a long time, because XMR is the leader of the anonymous currency family, and Monero is an independent virtual currency. It is not a branch of Bitcoin, and it circumvents Bitcoin's design flaws and becomes more private and decentralized.
Monero is positioned to realize anonymous digital currency payment and transfer.
This year, my price is almost US$211, but it is still more than US$200. Although I regret that I did not sell at a high point, it does not affect my long-term holding.

[HexaNK]

In my opinion, there are still very good cryptocurrencies to invest in besides BTC, namely Ethereum and Binance, these two altcoins have criteria that are very suitable for long-term investments, because they have a very qualified potential and prospects in cryptocurrencies, a proof that ETH and BNB are ranked an 2nd and 3rd highest altcoin in CMC and still holding up today,

[criket]

Theres Bitcoin Maximalist and Bitcoin Minimalist in this crypto space, im as Bitcoin Minimalist believe altcoin have a better opportunity for being adapted as Payment Processor. So, instead of putting most of my portfolio to Bitcoin i put my investment on Altcoin that have tech and strong community.

returns from altcoins are indeed greater. Moreover, altcoin ownership can use smaller capital. Of course, it will be more interesting.
but for those who have big capital, relying on the little hype that bitcoin creates in the market alone can make big profits. but we know how risky both are. altcoins and bitcoins have the same risk.

[Tahsin Kabir Kollol]

You can definitely buy other cryptocurrencies instead of Bitcoin in the hope of making more profit. A look at the coinmarketcap shows that some ultra coins suddenly go up and make several times the profit. However, in the case of long-term investment, all this cryptocurrency is not really a good idea. As Bitcoin is one of the most popular and accepted types of cryptocurrency, it is a medium for long-term investment even though it has a low return on investment. So while investing in other cryptocurrencies is more profitable, Bitcoin will be a relatively safe investment medium considering its acceptability, market volume and security.

[Dump3er]

You can definitely buy other cryptocurrencies instead of Bitcoin in the hope of making more profit. A look at the coinmarketcap shows that some ultra coins suddenly go up and make several times the profit. However, in the case of long-term investment, all this cryptocurrency is not really a good idea. As Bitcoin is one of the most popular and accepted types of cryptocurrency, it is a medium for long-term investment even though it has a low return on investment. So while investing in other cryptocurrencies is more profitable, Bitcoin will be a relatively safe investment medium considering its acceptability, market volume and security.

You can do that bu if you want to get involved you should invest some time to really understand what you are dealing with!