Bitcoin or altcoins

[jaysabi]

It's riskier to invest in altcoins, because it's easier to manipulate their price.

This is just my own opinion, but I believe that the majority of the world wants Bitcoin and will get rid of their altcoins in a bear market to be wealth assured.

This is certainly true for the lesser altcoins, but many of the largest alts trade pretty closely to how bitcoin trades.  This is because so much of the worth of these alts comes directly from btc:alt conversion rates, and arbitragers keep the spreads largely in line.  So whatever bitcoin is trading up or down, the alts generally tend to mimic.

[Kimonoe]

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.

right, altcoins for new projects with low market capitalization will have their own trends, because they are easier to manipulate, but also I see they are still dependent on bitcoin movements that can affect their market movements. for long term, maybe i prefer to invest in bitcoin

[Kong Hey Pakboy]

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.

This could work but you also have to be careful which altcoin you're going to buy because the altcoin that you've bought might not make a profit. Plus, if they're only starting from investing in cryptocurrency, they should probably start with bitcoin and slowly diversify as they make more money while invested in bitcoin.

[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.

This could work but you also have to be careful which altcoin you're going to buy because the altcoin that you've bought might not make a profit. Plus, if they're only starting from investing in cryptocurrency, they should probably start with bitcoin and slowly diversify as they make more money while invested in bitcoin.

There are over 10,000 altcoins, so stay awake. Investment always comes with risks, being careful in investing is a good virtue. I have seen many altcoins increase in value tens to hundreds of times, so can't miss this good money-making opportunity.

[zanezane]

That could probably work, converting your altcoins into bitcoin when they go up in value but that's problematic though as it means that you're banking on the belief that those altcoins that you have invested into are going to go up in value. Better to have a split in your investment if possible because you don't know if you're investment is going to pay off until it happens.

[dark1234]

I'm more interested in both because if we convert to bitcoin then sometimes it's wrong, because some altcoins are more prospective in terms of profitability with minimal capital but if we play with high enough capital then bitcoin is the right thing to say

[Mason.Minner]

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.

For quick and big profits, you may consider investing in altcoins but if you want to be 100% safe in your investments, then your best option is bitcoin only.

[Ibrahim60]

I will choose Bitcoin. Because I have not enough time to follow the market and the price. I don't have enough time to do day trading. I am a long time investor. Because of it I choose Bitcoin. And i know that Bitcoin is best for long time investment. I don't need to follow the market in everyday. I am investing my money on Bitcoin and wait for the good price and then i sell them. After that I'm waiting for the DIP. When price decrease then i buy Bitcoin and hold them for good price again.

[Taskford]

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.

For quick and big profits, you may consider investing in altcoins but if you want to be 100% safe in your investments, then your best option is bitcoin only.

Bitcoin is not a safe option rather a good choice to invest on since remember the price still so volatile and the chances to lose is so high, we see so many people lose their wealth when suddenly bitcoin drops especially bear season occur on certain months on the ecosystem. Maybe we need to learn on how to manage the risk first so that we will not get caught on false expectation.

[qwertyup23]

It actually depends on your goal as an investor. Generally, BTCs are more volatile compared to other altcoins due to its price dominance on the market. With lots of influence affecting its price, some people take advantage of it by short or long-term investment. But personally, I would suggest diversifying your investments by investing into both.

As someone who invested to BTC, I prefer to invest them long term due to the potential forks that will happen 3-4 years from now. Though the top 10 altcoins in the market somehow follow the trend of BTC, I would still suggest investing on the latter.

[ziyaaa]

You can prefer Bitcoin and altcoins at the same time now I believe. Not only Bitcoin but also altcoins like Ethereum (especially) and BNB are also on the rise now. It is your choice to decide which one of them you will invest into the most. It feels like Bitcoin can double its price even in this year if we get a new bull market. Or maybe it can achieve this level in 2022. You can think of investing into Ethereum also as it is increasing very quickly these days.

[Oceat]

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.

For quick and big profits, you may consider investing in altcoins but if you want to be 100% safe in your investments, then your best option is bitcoin only.

Bitcoin is not a safe option rather a good choice to invest on since remember the price still so volatile and the chances to lose is so high, we see so many people lose their wealth when suddenly bitcoin drops especially bear season occur on certain months on the ecosystem. Maybe we need to learn on how to manage the risk first so that we will not get caught on false expectation.

To make sure your investment will be worth it, you shouldn't just invest in Bitcoin alone. Make your money move always that doesn't rely only on Bitcoin because for instance. What if Bitcoin dump that even a single altcoin would surpass its price then what would you do? That's why I'm saying this to diversify most of your Bitcoin and this way you can at least minimize the risk. Anyway, this is just for worst case scenario since I know there's no altcoins would ever surpass the price of Bitcoin, ever.

Don't think every investment is safe as if there's no risk of it at all. That's not how it works when it comes to investment.

[tygeade]

Why not both? I have around 30-35% of my portfolio in bitcoin, around 20% on ethereum and the rest is other altcoins, and I have been quite happy with the results so far, I do not get why we have to pick one.

If you do not have enough cash to invest into all of them then the best course of action would be just to put it all on bitcoin and wait until you have a lot of money to go into others, but even with 1000 dollars you can still distribute like 500 bucks to bitcoin, 250 bucks to ethereum and other 250 into other stuff, go to Binance and they have selection of coins and you can use your 1000 dollars to slice it up to many different coins and keep it there. That's of course just what I think and I could be wrong, maybe best way is to invest into just one, and I could be wrong.

[Sir Legend]

I'm more interested in both because if we convert to bitcoin then sometimes it's wrong, because some altcoins are more prospective in terms of profitability with minimal capital but if we play with high enough capital then bitcoin is the right thing to say

Right, choosing both is a better thing, currently there are many choices of altcoins because they are supported by large companies, by dividing the investment portion, we have the opportunity to get big profits, I think we need a long time to get 10x profit with bitcoin, but with altcoins then for profit 100x easier.

[Mikayla Buckley]

The first choice is Bitcoin. Will do short-term altcoins.
Long-term Bitcoin is king.
You can match the investment plan according to your own money. Don't invest all your money. It is recommended that you invest a quarter of your salary each time.

[Snappycoco]

I think its too late for bitcoin that's why I go for alts. Im a small trader trying to find those 1000% gains which is probably not attainable with BTC as of the moment. I know the risks behind it but still rewards are much more looking up to than the risks of loss.

[jaberwock]

I'm more interested in both because if we convert to bitcoin then sometimes it's wrong, because some altcoins are more prospective in terms of profitability with minimal capital but if we play with high enough capital then bitcoin is the right thing to say

Right, choosing both is a better thing, currently there are many choices of altcoins because they are supported by large companies, by dividing the investment portion, we have the opportunity to get big profits, I think we need a long time to get 10x profit with bitcoin, but with altcoins then for profit 100x easier.

That is the thing about the current crypto situation, there are times when we made profits in the past without help from anyone else however nowadays there are companies going in. It means that there are even projects that get investment from big companies as well, can you imagine how centralized it is? Project creators gets investment from huge hedge funds and investors with the promise of making more money back to them, how are they going to make that money?

This is the problem with the current system but it is making everyone a profit and that is why nobody makes a noise about it. I personally feel like there is a good chance we will have a huge crash, because centralization is horrible and leads to death of coins, yet we are seeing way too many centralized currencies.

[CapGelatik]

I'm more interested in both because if we convert to bitcoin then sometimes it's wrong, because some altcoins are more prospective in terms of profitability with minimal capital but if we play with high enough capital then bitcoin is the right thing to say

Right, choosing both is a better thing, currently there are many choices of altcoins because they are supported by large companies, by dividing the investment portion, we have the opportunity to get big profits, I think we need a long time to get 10x profit with bitcoin, but with altcoins then for profit 100x easier.

Before investing in altcoins we need to do research first and analyze them,
it's important because there are a lot of coins and to minimize the risk too,
that way we can choose the right coin for investment

[blockman]

I think its too late for bitcoin that's why I go for alts.

It's never too late to buy bitcoin. And that has been said too when it has dipped to $3k and then went up to $10k and also $20k and so on. But you see, that it's never too late.

Im a small trader trying to find those 1000% gains which is probably not attainable with BTC as of the moment. I know the risks behind it but still rewards are much more looking up to than the risks of loss.

That's sort of difficult to assess, the goal of looking to those with 1000% gain is hard than you can ever imagine. But if you know the risk about it and you're doing fine with that strategy of yours then good luck with your alts based portfolio without having bitcoin.

[nurilham]

I think its too late for bitcoin that's why I go for alts.

You are wrong. Never too late if you really want to invest in Bitcoin, especially for the long term. Even today is the right time to buy because the price of Bitcoin has dropped significantly. People already wait for this time to buy more before the next jump of Bitcoin price. If you missed the chance to buy previously, now is your time.

Im a small trader trying to find those 1000% gains which is probably not attainable with BTC as of the moment.

Don't forget that the risk is also as big as the potential profits you can get. You are possible to gain 1000%, but you also can lose all your funds. Especially for new altcoins, it has a chance to be dead coins. It means the token to have no value anymore. While Bitcoin, the price won't be zero, it is proven for years.