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Author Topic: Bitcoin or altcoins  (Read 2222 times)
CaptainCrapper
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April 07, 2022, 03:37:03 PM
 #341

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.]
I want to say my personal opinion Bitcoin is the mother of the coin I have to learn to hear lots of pair but BTC pair trading is too profitable cause all trading pair depends on BTC so Bitcoin and altcoin both need to depend on the situation. Nowadays blockchain-related token is very important I think for trade altcoin.
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April 07, 2022, 06:37:43 PM
 #342

In this world many people make large money when cryptocurrency first comes and everything go 1000x but now it is not possible because there are many thousand cryptocurrency in running. Bitcoin is also a coin like altocoins. It will be difficult to choose between BTC and altocoins nobody knows what is coming up next. We should understand the project and then invest. Thank you

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April 07, 2022, 06:43:54 PM
 #343

When you increase the market capitalization of Bitcoin by buying it, you will certainly affect it less than if you use altcoins, due to the difference in market capitalization. So you will influence the price of an altcoin more than Bitcoin and a better idea if you want to hold bitcoin you want a more stable and reliable cryptocurrency. That is the most sincere advice I give you and note that any investment is risky, if you invest with a small amount of capital the risk will be small but if you invest a large amount, the risk is small. The risks are very high, so always hone your market knowledge and skills to be a smart investor.
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April 08, 2022, 03:11:23 PM
 #344

For now I prefer altcoins over bitcoin, this is because the big profit opportunities from altcoins are better than bitcoin, especially new projects that carry the concept of defi and provide APY of up to thousands of percent per year so that it makes me not hesitate to make altcoins as the first choice.


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