Bitcoin or altcoins

[kendedese]

So far it is true that bitcoin remains the benchmark for most altcoins. but there are some altcoins that are the opposite of bitcoin. So the question now is when will the bull market end? If you have ambitions to collect bitcoins, hold on to the altcoins you own and wait until the percentage drop in the bitcoin price drops below the altcoins you hold. that way the exchange rate against bitcoin will increase.

[CaptainCrapper]

I have been watching this market for a long time.

It seems that in the early part of a bull market, Bitcoin goes up faster than altcoins (ie Bitcoin dominance goes up.)  In the late part of a bull market, Bitcoin still goes up but altcoins go up even better (ie Bitcoin dominance goes down.)

In a bear market, altcoins fall faster than Bitcoin (ie Bitcoin dominance recovers somewhat but has to wait for the
next bull market to go high.)

So, it would seem the correct play is to buy altcoins at this point, and then convert them into Bitcoin (or sell) when you see the bull market ending?

Any thoughts?

[I used to post as BobK71, and am using a new account after some logistical mixup.]

At present who are owners of low amount fund how can he hold BTC so my advice is who have Small amounts of the fund, he can trade or hold alter coin.

[bryant.coleman]

It could be the best time to buy Bitcoin and Ethereum at the same time now. Bitcoin price is not able to resist against $50k resistance level and the price is still stagnant nowadays. But after breaking it, I think that its way will be wide open. While Bitcoin is in such condition, Ethereum price continues to increase interestingly. With Ethereum 2.0, there will not be a big hindrance for it except Bitcoin's movements and I believe that it can double its price at least in a new bull run.

Bitcoin looks attractive at current levels (i.e sub-50K), while ETH went up by a lot recently. Given the issues with high transaction fee and scalability, this increase is not justified IMO. For me, ETH doesn't look as attractive as BTC currently. The same argument goes for some of the other altcoins such as ADA, BNB and SOL. These coins have gone up quite a lot recently and the current valuation is not justified if we take the adoption and acceptability in to account. So compared to all these options, my pick would be Bitcoin.

[Reid]

I always had an easy time selling my altcoins. There is no doubt lingering when I am in the mood to sell them unlike with Bitcoin.
When my wife needs something so expensive but it is a necessity and I have to sell my Bitcoin for it, I have to think like 100 times before I can decide.
I guess that can explain how Bitcoin is still holding despite a bear market. There is always the pressure to sell it because of its possibility to pump again in the short run.

Before (2015-2017) it was easier to handle the buy and sell method of alt to BTC. Now, I wouldn't even dare to touch that field anymore.
I would rather use stablecoins if I want to profit from the volatility of any coin.

[alpamar99]

this is very reasonable because indeed altcoins have a smaller market capitalization and will definitely run more than bitcoin both in increases and decreases because they follow the price of bitcoin because boitcoins are still dominating in crypto so inevitably altcoins must follow bitcoin with a larger market capitalization.
On the other hand, the adoption of altcoins for trading is indeed more lucrative, the profits are greater, but on the other hand the risk is also very high because it is easier to manipulate like pump and dump frequently and cannot be separated from the fomo.
but indeed bitcoin is more promising and most people will choose the same thing to survive here.

[sana54210]

So far it is true that bitcoin remains the benchmark for most altcoins. but there are some altcoins that are the opposite of bitcoin. So the question now is when will the bull market end? If you have ambitions to collect bitcoins, hold on to the altcoins you own and wait until the percentage drop in the bitcoin price drops below the altcoins you hold. that way the exchange rate against bitcoin will increase.

I always believe in that almost every coin goes up together and goes down together as well. I understand that it is not true for some cases but the reality is that we are talking about something that is dangerously risky if you pick the wrong thing since if the whole market moves together the one that drops all by itself will be in a huge trouble.

What does this mean? It means that we are talking about 100 coins going up 5% and then one of them goes down 3%, that is a risky thing, I would not want to hold that coin, that would mean that we could lose all of it eventually. Aside from that if things go up 10% and one coin goes up 100% then I have no problem with that but usually I end up either selling all of it to move to another thing since I believe there will be a correction, or I just sell half and buy something else to grow my portfolio.

[sheenshane]

For a long-term investment, it would be better to pick Bitcoin than altcoin, if you will see the previous market price chart with altcoins and the price of Bitcoin, there's evidence that Bitcoin always leading the market.  And now when it comes to investment, I rather have a large percentage of Bitcoin in my portfolio than in altcoins which is a good investment in a short period of time.

As long as for me, I always pay attention to the investment that has a low risk and only Bitcoin investment potentially has an assurance about this.  It's your money and it's your choice which coins you will take a risk.

[CapGelatik]

For a long-term investment, it would be better to pick Bitcoin than altcoin, if you will see the previous market price chart with altcoins and the price of Bitcoin, there's evidence that Bitcoin always leading the market.  And now when it comes to investment, I rather have a large percentage of Bitcoin in my portfolio than in altcoins which is a good investment in a short period of time.

As long as for me, I always pay attention to the investment that has a low risk and only Bitcoin investment potentially has an assurance about this.  It's your money and it's your choice which coins you will take a risk.

Apart from Bitcoin I think there are some altcoins that are good for long-term investments,
like Ethereum and BNB both are top altcoins and I believe they are suitable for long term investment,
these three coins are top coins and it seems they have low risk

[Yatsan]

Acquiring both Bitcoin and Altcoins are beneficial instead of focusing into just one crypto which is Bitcoin. Instead of focusing your budget allocation into one, why not diversify it, assuring that the altcoins you would choose are worthy for investment and for long term purposes. Bitcoin is already given to be a good crypto since many people are really wanting to own even a part of it for good. Having Altcoins on the other hand gives you vast opportunities of acquiring profit from different sources since they do have different market behavior and are potential for growth if you would be having those good altcoins.

[Natalim]

Acquiring both Bitcoin and Altcoins are beneficial instead of focusing into just one crypto which is Bitcoin. Instead of focusing your budget allocation into one, why not diversify it, assuring that the altcoins you would choose are worthy for investment and for long term purposes. Bitcoin is already given to be a good crypto since many people are really wanting to own even a part of it for good. Having Altcoins on the other hand gives you vast opportunities of acquiring profit from different sources since they do have different market behavior and are potential for growth if you would be having those good altcoins.

Exactly. You will never be in wrong investments if you diversify your portfolio into bitcoin and altcoins. Of course you should also see to it that you have those potential altcoins that will recover anytime their value dump. With bitcoin, its always been profitable so definitely it will be more profitable becomes even higher.

Having altcoins and bitcoin will definitely create huge profits in the long run. Just like bitcoin and ethereum that are perfect pair for investments ands definitely very bullish by this time so if you can have them both and hodl them for long, then you will experience the best kind of profits once both of them will have their own bullish season. 

[ethereumhunter]

The altcoin can tempt to invest in various altcoin because the profit we can take will be bigger. But if we can not get the right coin to buy, we will not have that chance instead we will just hold the coin without knowing when the price can increase. Buying altcoin when the price is low can be a good choice but you need to find the right altcoin. And after the coin can increase higher, you can convert it into bitcoin and hold it until the bitcoin price can increase. That can give you a chance to make a big profit and once you can do that, you just need to rinse and repeat and hopefully, the market still moves good to give you the next profit.

[kryptqnick]

If the question is about investment, Bitcoin is a safer bet, and it indeed tends to go higher and drop lower than most good altcoins. However, Ethereum is doing very well in 2021, so there isn't much of an advantage with investing in Bitcoin rather than Ethereum anymore. It's also easy to simply diversify and invest in both, so why choose?
If we're talking about Bitcoin and the prospects of it being adopted as money, I think it will need altcoins desperately because the network won't be able to deal with the load if people start using Bitcoin for everyday transactions. Sharing the load with altcoins can help make the plan of using cryptos as money realistic, making the fees and waiting time lower for everyone.

[Kittygalore]

Acquiring both Bitcoin and Altcoins are beneficial instead of focusing into just one crypto which is Bitcoin. Instead of focusing your budget allocation into one, why not diversify it, assuring that the altcoins you would choose are worthy for investment and for long term purposes. Bitcoin is already given to be a good crypto since many people are really wanting to own even a part of it for good. Having Altcoins on the other hand gives you vast opportunities of acquiring profit from different sources since they do have different market behavior and are potential for growth if you would be having those good altcoins.

That depends, if you're new, you might want to focus on bitcoin first and try to grow your capital there and hopefully it happens and if it does happen, that's when you start to slowly diversify and continue making more money because it's true that altcoins can make a lot of money too and you don't want to miss out on that.

[Lubang Bawah]

In investing we must always divide into many places, for now my investment portion is 24% bitcoin and 74% altcoins. if I buy bitcoin then I will make it for long-term investment (more than a year), because many companies continue to actively develop bitcoin then I really believe that the price of bitcoin can reach $100k this year, while I hold altcoins because I think altcoins are easier to get 100x profit in the short term (less than a year).

[OrangeII]

I've tried this trick. at the beginning of the bull market, the price of bitcoin will increase, but at the end of the bull market, the price of altcoins also increases, even higher and some altcoins can reach their ATH. this makes the price of altcoins in BTC pairs also increase. however, the value of 1 bitcoin remains 1 bitcoin, whether it's a bull market or a bear market. But the price of altcoins is different, it could be 500 coins for 1 bitcoin, but when the price is pumped, it turns into 250 coins for 1 bitcoin. when we sell it at the end of the bull market on the bitcoin pair, then we make a profit.

I once tried this trick using ethereum. I wait for some moment. Unfortunately, it was very difficult to determine when the bull market ended, and when I sold the ethereum I made a profit, it's just that the price of ethereum became higher than before. This happened at the end of 2020.

however, I suggest that if you hold bitcoins, then focus on collecting them. because it is very difficult to hold altcoins when the market is bear. well, the drop is sometimes very deep, and frustrating for some people. however, if you are patient, and aware of the risks, it can be a good way.

[suryana]

Maybe I myself choose bitcoin to invest long term. Seeing bitcoin is an established coin and has proven its stability over the years. While Altcoins dominate not all the time..sometimes it is unstable and sometimes if the price of bitcoin is going down it drops much deeper.

[Zanab247]

I still prefer to invest with bitcoin than altcoin because there is still hope that it will definitely get to $70k before the half of this month. Bitcoin don't take a long time before it can pump compared to altcoin that make many users to fell in love with bitcoin pump during pandemic.
Many bitcoin users are still happy about the profit they are making from their investment.

[swiftbits]

I also saw some traders showing possible price movement of ETH & BTC, it shows almost similar patterns, but it is predicted that ETH stays longer on its higher price than BTC. Most altcoins are susceptible to the bitcoin crash, maybe because of their lower market cap.  If I choose, I will pick Bitcoin and Ethereum due to their strong grasp and influence in the market. Cryptocurrencies are not exclusive, and I see how it becomes more adopted and accepted by the locals, it is now competing against traditional finance. It only shows the great potential as a store of value.

[Kusman]

The market has been really interesting recently. Because Bitcoin is having a big difficulty in continuing to increase now and it is stuck around $47k. $50k resistance level is really strong seemingly. While Bitcoin is in this situation, interestingly there are many altcoins which are on the rise. Ethereum is the one that has drawn my attention the most lately. Normally, the movements of Bitcoin price would directly affect the rest of the coins in the same way.

So, I chose to give a chance for altcoins like ETH and BNB. But my biggest investment is still in Bitcoin. 

[The Cryptovator]

I lost a lot from altcoin, so I don't believe anymore in that. I think not only me, but many more people have also lost the same like me. Especially if you invest in shitcoin then means you are gambling with your funds. And as we know most people on gambling have been losing. To be honest almost 98% of altcoin is useless. There is no use expect trading on the exchange, so from it we can't expect much. Investing in Bitcoin means you aren't going to lose Bitcoin. Doesn't matter the price, it would pump or dump at any time. But if you bought one Bitcoin means still you will have one Bitcoin. Anytime would recover price even after drop. But if you hold shitcoin and in case dump it, means you lost Bitcoin or USDT since we evaluate altcoin price in USDT or Bitcoin. So think about what is best for you.