Bitcoin or altcoins

[ipanks]

Bitcoin will be the first thing we should have and then altcoin because bitcoin can give us a big profit. Some people are trying to buy altcoin first then buy bitcoin because they think that with so many altcoins at the market, they can get huge profits from various coins and that profit can be in bitcoin forms. So that means it will be the same thing because, in the end, they will have bitcoin and be ready to sell at a high price.

But I suggest you buy bitcoin and altcoin to give you a chance to make more profit. It will depend on each people because I am sure that we have a different plan to make a profit.

Buying both of course is something that we must do, bitcoin has always been a measure of the price of altcoins so it is suitable to be the safest and most profitable long-term investment, while altcoins are the best opportunity for big profits in the short term, although today many altcoins continue to skyrocket such as BNB, Cardano and Ethereum.

Indeed. I agree with that. People should know how to use bitcoin and altcoin if they want to use them for their investment. Bitcoin will be a long-term investment and altcoin will be a short-term investment, but Bitcoin can also be a short-term investment depending on how the price moves. When we can use it properly, I am sure our profit will be bigger and we can buy many altcoins to be our short-term investment and not just BNB, Cardano, and Ethereum.

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[Wawa2013]

~

Bitcoin has always dominated the market, so of course the risk of investing in Bitcoin is lower than altcoins. So it is safer to invest in Bitcoin than
altcoins, especially if we are planning a long-term investment, Bitcoin is the best choice. Even altcoins price movements usually follow Bitcoin
price movements. Another advantage of Bitcoin is that if the price falls, it recovers faster than altcoins. Especially for beginners, it is better to focus
on investing in Bitcoin, because making a profit from Bitcoin is indeed easier than investing in altcoins. We just need to be patient waiting for
the Bitcoin price to reach the sell target we want.

The problem here is that when you have something that is low risk, then you usually have low reward with it as well and that is what some people are afraid of. I mean think about it this way, if you have two options, option A is either make 2x profit or lose 50% and option B make 10x profit or lose 90%, then which one would you pick? Many people pick option A which is bitcoin and that is why it is high ranked as well, I understand it and it is certainly something that we should promote, however there are some that pick option B as well, which is basically the option that is altcoins and very risky ones as well.

I have seen people invest into things that looked like scams just so that they could get in, make a ton of money and get out before the scam happens. So, altcoins are not that horrible for some people.

Of the two options you mentioned, I include those who chose option A, because I am not a person who likes to take risks to be able to generate
greater profits. I prefer investing in Bitcoin which is safer, although I know the profits are not great when compared to investing in altcoins.
I also respect people who choose option B, because maybe that person has experience and good analytical skills. So dare to take big risks,
to be able to generate big profits too. In the end everyone has a different decision, whatever decisions we make, we ourselves must bear
the consequences.

[boled]

Bitcoin will be the first thing we should have and then altcoin because bitcoin can give us a big profit. Some people are trying to buy altcoin first then buy bitcoin because they think that with so many altcoins at the market, they can get huge profits from various coins and that profit can be in bitcoin forms. So that means it will be the same thing because, in the end, they will have bitcoin and be ready to sell at a high price.

But I suggest you buy bitcoin and altcoin to give you a chance to make more profit. It will depend on each people because I am sure that we have a different plan to make a profit.

Buying both of course is something that we must do, bitcoin has always been a measure of the price of altcoins so it is suitable to be the safest and most profitable long-term investment, while altcoins are the best opportunity for big profits in the short term, although today many altcoins continue to skyrocket such as BNB, Cardano and Ethereum.

Indeed. I agree with that. People should know how to use bitcoin and altcoin if they want to use them for their investment. Bitcoin will be a long-term investment and altcoin will be a short-term investment, but Bitcoin can also be a short-term investment depending on how the price moves. When we can use it properly, I am sure our profit will be bigger and we can buy many altcoins to be our short-term investment and not just BNB, Cardano, and Ethereum.

At first glance, it looks easy and very sweet, buys and profit. The real problem when we buy Alts is that few people (including me) are not able to analyze the quality of the price of the coin, sometimes we see a coin with such a large community, the development team looks professional and solid and the product service provided looks very good. But many coins like that sometimes trap our emotional game, high volatility and very unstable volume sometimes make our hands itchy to sell so easily when the price looks down sharply, then try to buy back below, but what happens then is the price getting down, and when it decided to leave, the coin bounced.

[dothebeats]

There is no right or wrong play in here given that what you observed isn’t a regular occurrence. Personally what I will do is to just hold altcoins on an amount I am comfortable with, and the rest goes to bitcoin. That’s what I’m currently doing, and is so far doing good in terms of gains and shared risk. You can never correctly predict and time the market, hence why it’s always best to spread your investments across different coins in order to minimize the risks that you might be taking on the volatility of crypto.

[bitzizzix]

I think the risk of investing in bitcoin is easier to measure than altcoins because of its large market cap and lots of good information about the future of bitcoin, and besides its growing popularity because it is more promising which makes it more trustworthy than altcoins.
and I personally do both but prioritize having more bitcoins for the long term and some altcoins for the short or medium term depending on the situation and need if needed, and I do some altcoin purchases just as an alternative when the bitcoin price is already high.

[Shohanur]

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 really 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.]

Both are profitable and you can buy both bitcoin and altcoins. I will suggest you to buy bitcoin more and less amount of altcoins. Bitcoin is more profitable at this time and most trusted. At the time of buying altcoins, you have to aware which altcoins you are buying. Because all the altcoins will not provide you profit and it may the reason of losing your money.

[blockman]

Both are profitable and you can buy both bitcoin and altcoins. I will suggest you to buy bitcoin more and less amount of altcoins. Bitcoin is more profitable at this time and most trusted. At the time of buying altcoins, you have to aware which altcoins you are buying.

From what we can see, bitcoin goes $50k again and this means that whenever bitcoin breaks those prices, there's more attention to it. There are also altcoins that have been flying high and they're also noticeable but we don't know how long they'll stay with their soaring.

Because all the altcoins will not provide you profit and it may the reason of losing your money.

Well, there are altcoins that are providing decent profits not just this time but many times in the past. We can't ignore that Ethereum is doing good and Solana too.

[Viscore]

Both are profitable and you can buy both bitcoin and altcoins. I will suggest you to buy bitcoin more and less amount of altcoins. Bitcoin is more profitable at this time and most trusted. At the time of buying altcoins, you have to aware which altcoins you are buying.

From what we can see, bitcoin goes $50k again and this means that whenever bitcoin breaks those prices, there's more attention to it. There are also altcoins that have been flying high and they're also noticeable but we don't know how long they'll stay with their soaring.

Because all the altcoins will not provide you profit and it may the reason of losing your money.

Well, there are altcoins that are providing decent profits not just this time but many times in the past. We can't ignore that Ethereum is doing good and Solana too.

We can't just ignore altcoins because they also have those well reserved and potential altcoins that can be very profitable in the future. Not just bitcoin alone but also take a look at those coins with high potentials because they can also be our best assets in our portfolio.

For now, i am not just focusing on bitcoin alone but also in ethereum. Since there are also times that we can get huge profits from altcoins because of its own high demand in its platform's utility case. This is not just applied to ethereum but even to solana and bnb since they are definitely in high profits for now.

[Questat]

Don't invest in crypto if you don't put money on bitcoin, bitcoin should own the largest portfolio in your account as the market is heavily relying on bitcoin. Try to observe the market or check the history, there's no time that altcoins had a good pump while bitcoin is dumping, it does not happen as bitcoin owns the biggest dominance in the market, hence, you can't neglect to invest in it if you want to be profitable and a little safer with your investment.

[blockman]

Well, there are altcoins that are providing decent profits not just this time but many times in the past. We can't ignore that Ethereum is doing good and Solana too.

We can't just ignore altcoins because they also have those well reserved and potential altcoins that can be very profitable in the future. Not just bitcoin alone but also take a look at those coins with high potentials because they can also be our best assets in our portfolio.

For now, i am not just focusing on bitcoin alone but also in ethereum. Since there are also times that we can get huge profits from altcoins because of its own high demand in its platform's utility case. This is not just applied to ethereum but even to solana and bnb since they are definitely in high profits for now.

Yes, only some of them and not entirely all of them. It's undeniable that some of them really have skyrocketed and with their news, you can't just ignore how they're doing well. I'm not with most of them nor holding a lot of it but I know that they're also doing good and recognizes them. Although, it's still best to hold bitcoin with a bigger part rather than putting most of your eggs into altcoins. A lot does this because they've seen those gains from altcoins but I'll still do what I know that's best and that's with bitcoin.

[Zilon]

Most altcoin are built upon bitcoin which gives bitcoin an edge and dominance over other altcoins and no matter how fast an altcoin moves in the bullish direction it can't be more profitable than bitcoin. Recently bitcoin is making new highs almost approaching $55,000 which would take several years for other altcoin to meet

[adzino]

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 really 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.]

This is how the market works. When bitcoin is in bull run, the altcoins are green, but they go up slowly. This is because everyone starts to jump into bitcoin. Altcoins at that moment have higher sell pressure since everyone moves into bitcoin. Hence they can't grow as much as bitcoin. But when bitcoin starts to slow down or gets a little less volatile, altcoin starts to grow. This is also because everyone starts to buy back their altcoins (bags) that they have sold for bitcoin. Again, when when bitcoin starts to drop, altcoins drop harder. The reason is the same too. People starts selling their altcoins for buying bitcoins at a cheaper/discounted price.

Why not just hold both for long term? Invest in good altcoins while keeping more than 50% of your investment in bitcoin.

[Hippocrypto]

Still bitcoin is my biggest choice, and altcoins was just a second options on my holdings. Those old days wouldn't be happening again because that's my way of learning. Maybe I failed many times of not choosing Bitcoin, but now this is my strong foundation of success.
Altcoins did some lucky ways to provide me several benefits, but also have shakin my world due to lost opportunities and wrong decisions. That's why I made a strong motivation to stay stronger with bitcoin in the next future gains I'm going to have.

[pergola]

Invest in altcoins to get big profits in the short term, and invest in Bitcoin for the long term to secure wealth.
The history of the cryptocurrency market has seen many altcoins born and die. The endpoint of the money flow will be to Bitcoin and so we see Bitcoin hitting $50k at the moment.

[Ausgewielt]

I watching some altcoins which the bubble are very big. I mean if bear market happen the price of those coin will fall very deep, but it's not a bad thing for contrarian investor like me. Honestly, this one of many reasons why I bought altcoin too. More than 50% of my fund is allocated for btc, and the rest are divided into several altcoin such as ETH, TRX, DASH and etc. Some altcoins has very big potential to get big market share, so in line with company's growth the price of that altcoin will be rise, when all infrastructures are ready for those companies then the price of those altcoin will rise like a rocket. For example is TRX, this coin price is already rise 100% from the lowest point at bearish market, I bought it at very cheap price, today the value is double. I still prefer like to invest in BTC rather than altcoin because altcoin still very depend on the company itself. Government regulations and other economy factors will affect those altcoin.

[macson]

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just like you, i also pay attention to market movements and draw the conclusion that Bitcoin is a very worthy investment when compared to Altcoins.  betting on Altcoins is very high risk when compared to Bitcoin. 

[bekti3]

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just like you, i also pay attention to market movements and draw the conclusion that Bitcoin is a very worthy investment when compared to Altcoins.  betting on Altcoins is very high risk when compared to Bitcoin. 

because this is what is talking about market capitalization, bitcoin and altcoins are actually very difficult to align because we know that most altcoins follow the direction of bitcoin itself.
and speaking of risk, actually both are full of risk but what makes the difference is the market capitalization of bitcoin which is indeed large and altcoin is indeed smaller than bitcoin in this regard.
This is what causes altcoins to be more risky in terms of decline which is indeed a very large decline if this happens, but it is also very profitable if there is an increase because the increase is usually very large too.

[rosenbauer02]

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just like you, i also pay attention to market movements and draw the conclusion that Bitcoin is a very worthy investment when compared to Altcoins.  betting on Altcoins is very high risk when compared to Bitcoin. 

There are altcoins that can be good to invest with but only those altcoins that are existing a long time but hodling bitcoin and even hodling other coins as well is also a good way to do since you have different investments. Not just bitcoin, other coin but also altcoins thta have great use.

[verita1]

After taking a look at the price of bitcoin and the dominance of the market today I could see that we have lost about 1%. Perhaps that percentage has gone to Ethereum because some market connoisseurs estimate that it will reach a new ATH.
In relation to bitcoin, I could say that those who own it and think as a long-term investment are contributing to the higher price of bitcoin, it is also positive for the crypto market, driving the price of other altcoins.
We are waiting for September 7 when El Salvador begins to use bitcoin as legal tender, without a doubt there will be a change in how people see bitcoin in the world.

[TimeTeller]

After taking a look at the price of bitcoin and the dominance of the market today I could see that we have lost about 1%. Perhaps that percentage has gone to Ethereum because some market connoisseurs estimate that it will reach a new ATH.
In relation to bitcoin, I could say that those who own it and think as a long-term investment are contributing to the higher price of bitcoin, it is also positive for the crypto market, driving the price of other altcoins.
We are waiting for September 7 when El Salvador begins to use bitcoin as legal tender, without a doubt there will be a change in how people see bitcoin in the world.

The move of El Salvador is really interesting and am curious as well how it will be received by their general public.
Anyway, the movement of btc and alts most of the time are independent with each other as it depends on the alt that you are talking about.
If it is included in the top alt, more than likely, it may follow btc movement, however, for some new projects or coins with low marketcap, they tend to have their own trend.