Is it worth buying other cryptocurrencies other than bitcoin?

[ReiMomo]

Obviously yes and no doubt about it. We have best coins in the market with large volume and best projects. Analyse and pick the best coins which value is less than a dollar I would say. Just split your investment into best coins across. We have doge, Matic, Woo, Xrp, Xlm, Eth and etc. Yes keep yourselves updated on updates of the coin you invested. 

[King Khaizan]

bitcoin is the king of all coins, but don't put other coins aside, especially ethereum which of course has its own advantages.

now you can learn from your mistakes in the past that made you miss many opportunities, and start with your enthusiasm and good and measurable investment goals, because investing is not enough with assumptions but keep learning and looking for accurate references to achieve your goals.

I recommend you to invest in the top coins on the exchange first.

[Ryder Kudrow]

You can get benefits by buying and investing in any cryptocurrency. Compared with other cryptocurrencies, Bitcoin has a long development time, a large transaction volume, and is more secure. Long-term investment in Bitcoin is a good choice. You can also choose to diversify your investment and allocate funds to invest in a variety of cryptocurrencies. Even if the price of one currency you invests drops and you lose, you may also profit from the other currencies you invest in, which can reduce your risk of loss.

[goolesby]

The thing to watch out for is security. Check if the exchange offers two-factor authentication (2FA) security which is standard security.
Then, look at the type of 2FA used, there is Google authenticator, Authy and Yubikey. Each exchange has a different level of security, for example exchanges such as Remitano, which is famous for its peer to peer system, already uses Google Authenticator security to increase user account security and minimize account hacks.

[koang]

The technology on offer and use cases are the main factors to consider when investing in crypto.
Only coins that have technology that can be implemented in the real world will actually survive and be adopted by the wider community.
And Ethereum is an example of an Altcoin that has these two criteria.

[Hobo66]

You can buy bitcoin with small price too. Its not necessary to buy 1 bitcoin. Similarly Eth can also be purchased in small quantity like 0.1 Eth almost 260$ .
Bitcoin and etherium is always best choice to invest but there are many top coins you can invest to get maximum profit like ADA Cardano which can prove better coin in future. Similarly XRP which releasing smart payments system. Research on it and i hope you will find your answer.

[LUCKMCFLY]

It is always good to have BTC investment, but also in highs, normally when BTC goes into a bullish trend the alts follow that same direction, causing them to rise enormously, now the trend so BTC goes down, there are certain alts that are rising in price, such is the case of these:

Bitcoin (BTC) price has recovered from its recent $37,500 low and the digital asset's run back toward the $40,000 mark spurred bullish activity from many altcoins.

Data from Cointelegraph Markets Pro and TradingView shows that the top gainers over the past 24-hours are XYO Network (XYO), Saffron Finance (SFI) and Quant (QNT).

Source: https://cointelegraph.com/news/altcoins-and-defi-tokens-push-higher-as-bitcoin-price-falters-at-40k

Of the entire list that is here, the token that I have seen the most with a higher success rate is AXIE, because through the game it is gaining many more followers, apart from combining speculators + gamers, caombination is explosive, because it is synonymous with movement of a lot of money.

[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?

For me yes it is worth buying other cryptocurrencies, but make sure you research about what you want to buy because most other cryptocurrencies have no value nor future, you will surely lose your money if that happens. You can always buy those altcoins and search them in the coinmarketcap. Etherium is one worth to buy if you want to invest in a long term and make good profits for a long term.

[Boomber]

Of course it's worth it if you choose the right altcoin, because the price can definitely increase higher than increases in the price of Bitcoin, so you can definitely get a bigger profit from Bitcoin if altcoin that you invest is successful, but of course the risk of investing in altcoin is definitely more bigger than Bitcoin, so if you don't dare to take the risk, then it's better for you to invest in Bitcoin, because investing in Bitcoin is safer than you investing in altcoin (less risk).

[Marvell1]

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.

Not only you, I think many people have lost the opportunity to buy bitcoin at a cheaper price.You don't worry, with bitcoin it's never too late.Bitcoin is a long-term investment and bitcoin will increase a lot in the future.Now you can buy bitcoins any time you can.

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 is as popular as it is today because btc is the first cryptocurrency with blockchain technology.BTC offers superior utility to fiat and banking.So before deciding to buy a coin consider the practical utility it can bring.

[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?

First, how long does the coin last in the market. Second, the benefits of the coin.
I think, to buy coins, Bitcoin is enough to be the main choice in the crypto space. If you can't afford it because of expensive reasons, I think you can buy it according to the current financial capabilities available. Coins other than BTC in my opinion are also worth buying like ETH and BNB.

What do you mean by saying if you can't afford it? You can also buy fractions of a Bitcoin, that is no problem at all. By now more and more people start calculating in fractions like mBTC anyway because Bitcoin is way too expensive to calculate things in whole Bitcoins. That was also the intention Nakamoto had in mind when he allowed for a pretty big divisibility of Bitcoin. Other coins can make sense if they complement your portfolio somehow. I don't think it makes much sense to hold Bitcoin + Litecoin because they are very similar except for some minor parameters that have been changed.

I'm just saying if you can't afford to buy Bitcoin because of expensive reasons, then you can buy it according to your current financial capabilities. Am I wrong?
My answer is quite simple actually in this post thread, namely the things I consider before buying coins. And my best choice is BTC. Because I know, that the purpose of the birth of Altcoins in the crypto space is also good.
Sorry if I misunderstood what you meant. (Hero Member) please enlighten me.

Hm ok you put it in a way such that there might be a reason why people can't afford Bitcoin at all, but that does make no sense as there is the divisibility where you could theoretically buy tiniest fraction of a bitcoin. Anyway, as you said making sure to at least participate a little bit in this innovative technology makes a lot of sense as there is plenty of room for it to grow.

[hamba laeh]

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 is a digital currency that is trusted all over the world so that bitcoin is becoming popular and used as a long-term investment tool. so it's very natural that you only know bitcoin and ethereum before entering this forum, because you only listen to news about bitcoin, so you don't know about altcoins. and to buy altcoins it is very important for us to follow and know about the technology of the project and what it has to offer, the use of tokens or other news.

[Dragonfund]

still worth it as long as you buy the right project and have development on that project apart from just listing on the exchange.
usually projects like this take a while to develop but will be safe.

I'm not sure about development part but I still think right exchange usually helps projects too. I have realised that when projects get listed on top exchange such as Okex, Binance and Coinbase always have a way of attracting masses irrespective of what they have to give to the everyone and crypto entirely. Shiba for example, the day it got listed on Binance exchange, the whole Ethereum chain became the busiest so far in it history. That's what exchange adds to this project when are in right place.

[Dump3er]

In my opinion, besides Bitcoin, altcoins are very worth buying such as ETH, BNB, TRX, LTC. many people switch to buying altcoins when the price of Bitcoin experiences a high price increase. My advice, a more important factor to consider before buying another cryptocurrency is that the concept offered by the development team is really promising in the future. Ethereum example. One of the reasons it is worth investing in Ethereum is the increasing use of Blockchain technology. Ethereum has introduced dApps and smart contracts that allow users to conduct transactions without intermediaries. This attracts more and more successful crypto traders. This is because blockchain technology facilitates online payments, loan distribution, and commodity trading.

I understand most of your list but why would you have BTC and LTC within one and the same portfolio? Isn't Litecoin doing the exact same thing as Bitcoin? And what about Tron? Is Tron able to compete with Ethereum and Binance Smart Chain? To me it more and more seems that Tron will have an extremely hard time in establishing itself as a viable platform against the others. It may surely pump regardless, that is true, but from a technical point of view where is the sweet spot for Tron here?

[avarnet]

If I was going to buy coins for global technology development projects in the future so that the crypto market would be crowded, so that one day the coins I bought could go up due to the development of today's mass technology, and the tokens are beneficial for all people and the investment is not in vain so that it makes the price these coins can be expensive and many fans

[Plinteng]

You can invest as much as you want in altcoins but be careful with money management before deciding on the ratio per coin.
and 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.

[Devifajarina]

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 want to make a true and profitable investment, you have to do everything, for example project technology, use of tokens and news. These three things must be met, to see if the coin is in good condition or not.

Bitcoin is an investment that uses large capital, almost generally this is not done by the lower middle class, even today many lower middle class people are starting to try to invest in Ethereum, besides the price is not too expensive, the condition of ethereum itself tends to be stable and profitable for bought.

[roosbit]

Of course, you are not restricted to investing in bitcoin only. The only thing you will need to be on the look out for is shitcoins and scam projects were you could lose your invested money.

About the worthiness of other coins, well bitcoin is number one coin but its gains are not as flexible as how altcoins react on the  market. Afaik altcoins have better returns than bitcoin because their price is much lower and people are easily attracted to them for investment.

[harapan]

Just like me you also missed your chance to bag some cheap Ethereum, buying other coins isn't a bad idea if you ask me though, cause I the crypto space it's always good to diversify your portfolio, it's good to have other coins but just remember to make sure bitcoin has the highest share, cause bitcoin sets the trend for other coins, altcoin won't pump if bitcoin doesn't make any move upward, also buy reputable coins not shitcoins.

[tanjiran]

to increase profit opportunities, it is indeed better to divide your assets into several parts in altcoins as well. but it should really be noted that the altcoin you choose has good potential, such as strong fundamental support, and a good ecosystem. The current altcoins are eth and bnb, both of which are showing good progress. moreover eth started implementing his plans towards ethereum 2.0