Bitcoin vs Altcoins?

[Wexnident]

You're investing in Bitcoin for stability anyway, not for the increased gains. Compared to people who invested early on in Bitcoin and had to shoulder bigger risks, people like us right now who know Bitcoin is pretty stable as a long-term investment have higher confidence levels imo and has consistently brought good results which leads to pretty small (but still good) gains in the long term.

Altcoins today are like the Bitcoins of the early age in terms of risk, they do indeed bring bigger returns but they also bring about bigger risks. I wouldn't really look for altcoins in the long term, some good coins can probably get 10x, 20x or more, but they only last pretty short and never really happen after that point.

[Kakmakr]

Well, Alt coins are very broad.... you literally talking about 1000s of Alt coins and many of them are pump&dump schemes and shitcoins. So choosing the Alt coin that might yield a 20x or 50x return on your investment... is like searching for a needle in a haystack.

Bitcoin has shown that it can give huge profits in the long term, but most people are greedy and they are looking for quick ROI ...over short periods. (mostly because they want to have liquidity with their investment capital) 

[pooya87]

Altcoin profit is only huge in short term (during the pumps) not in the long term (due to the dumps). In comparison bitcoin will always be a lot more profitable because it doesn't get dumped the same way altcoins do. That's because of the pump and dump nature of the altcoins. In short term you could see 1000% pump where for instance price of a shitcoin goes from 100 satoshi to 1100 satoshi, this means a massive profit during that pump. But the problem with altcoins is that they follow that up with a massive dump where that same price goes back down from 1100 satoshi to 100 satoshi in best case scenario and in worse case it goes down lower to 10 satoshi (lower than the initial price). Any subsequent pump is going to always be smaller (eg. from 10 to 50 or 400% instead of the previous 1000%) and never go back to the peak.

But in comparison bitcoin price is always going up regardless of its short term swings. Take 2013 for example, price goes to $1200 but falls down to $150. But it recovers back to $1200 and continues rising and reaches $20,000. The next time there is a drop it is to a higher low of $3200 and it also recovers that by going back up to $20,000 again and will continue rising after that too.

This is all based on one simple fact: bitcoin is useful in real world while altcoins aren't.

[Esther C]

I first got into crypto in February this year however did not start investing in Bitcoin until June after the crash as I felt it was too expensive until then.

I have been DCA now since June and my average buy is £17,100 and I have 6% of a Bitcoin which I know is not much but I have been taking it slow and feel it is slowly growing whilst buying at these lower prices.

I watched a clip on Youtube earlier saying how Bitcoin is great however it is limited in terms of profit potential and it got me thinking if I should keep DCA into Bitcoin or sell it all and put into Altcoins that are likely to return much more over the next 2-3 years.

I mean how high can Bitcoin realistically go in the next 2-3 years? £150k maybe which would be less then 10x compared to other altcoins that can 20-50x when the bull run returns.

Just wondering if everyone invests in Bitcoin or is it worth just focusing on strong altcoins that can 20-50x in the next few years?

I know I have got into Bitcoin at a good price but just feel while altcoins are currently 85-95% down from all time high may be better making the most of that rather then being safe with Bitcoin and not seeing much return.

Bitcoins are better for investing while Altcoins are good for day trading but mind you, they can be really volatile and risky.

[samuraijin]

No one forces anyone to hold Bitcoin or Altcoins, because that's their business with whatever asset they choose, at least I can appreciate they want to have Bitcoin or Altcoin, at least everyone understands the risks of these two assets, but bitcoin assets more promising than assets for Altcoins, because the risk of losing or being valuable or not in the future depends on the situation, but if anyone holds Bitcoin then they will become billionaires in the future, because here we all know that bitcoin assets are superior to assets Altcoins, because Altcoins are still dependent on Bitcoin..

[ethereumhunter]

If we compare bitcoin and altcoins, I choose bitcoin because the profit potential can be greater than altcoins. But I also use altcoins as an additional investment in addition to using bitcoins as the main investment. For me, investing in altcoins would be a short to medium term investment, while bitcoin would be a long term investment. And if we look at the historical movement of bitcoin, the price will usually start to increase in the 3rd year after the halving so after the halving to year 2 or 3, it will be a position to buy and hold bitcoin. While altcoins will be in between, before or after the halving to increase again or even some new altcoins will be able to increase in a year or two. Maybe I'm wrong but at least that's what I got.

[AicecreaME]

I'd go to Bitcoin as always if you wanted a sure profit in the long run. Altcoins that can give you profits in the long run is very very hard to find, most of them are just shitcoins, if you want to be a bag holder of those things, it is your choice. Based on my experience, no matter how good their goals are, in the end, they are the winners and investors are left hanging with their broken promises.

Bitcoin is a sleeping giant when the market is bearish, but you could assure yourself that when the bull market comes, you'll see a great return.

[MainIbem]

Well I would still want you to go into more research concerning crypto's and bitcoin maybe you are just taking it for a lighter note, because i can't still believe if those who have been in cryptospace for the past 4 to 6 years would for any way trying to go into altcoin investment after what happened those years and today were most of altcoin dip down 80% and never came back again. Those altcoin that goes 10x, 20x even 50x sometimes can be considered as pumped and dumped so if you got engaged with such coin what could be your fate at that point, would you come back lamenting those coin? No because you always think of the benefits aspect without considering the risk involved and as a matter of fact is somehow dangerous to venture into only altcoin rather than bitcoin.
you can make your portfolio to be 70% btc and 30% altcoin to minimized the risk involved.

[Bazzu]

Yes, there are altcoins that can really give you huge profit in the next bull run. But the problem is that it's hard to find which one of them. And as others have said, the risk on altcoin investing is high as compare to bitcoin.

And that's why majority here put their money on the line for BTC and then diversify their portfolio with several altcoins, those solid and not shitcoin and meme coin. The question is, would you take that risk or would you rather play it safe but still get a good profit and steady profit and not complicate things in your end?

I agree with your opinion, friend, indeed, investing in altcoins has a very high risk, and I used to invest in altcoins and I experienced big losses, so in my opinion investing in bitcoin is better because the risk is not too high. Indeed, investing in altcoins if the profit is very large, but if you lose it will result in a very large loss as well.

[CageMabok]

I agree with your opinion, friend, indeed, investing in altcoins has a very high risk, and I used to invest in altcoins and I experienced big losses, so in my opinion investing in bitcoin is better because the risk is not too high. Indeed, investing in altcoins if the profit is very large, but if you lose it will result in a very large loss as well.

Actually, Bitcoin is the same if you have bought at a high price last year for investment, because you know what the highest price of Bitcoin was last year and the price of Bitcoin at this time? Just because Bitcoin is always more suitable for investment in the long term, it's definitely not wrong if you want to prefer Bitcoin in terms of investment over altcoins. Moreover, the future of Bitcoin is also much better than altcoins which can sometimes be deleted by certain exchanges if there is no more trading volume.

[Hispo]

Allow me to share some of my personal experience.
Since I got into Bitcoin and started to hold some Satoshis I felt tempted to swap some of my satoshis for altcoins which were very attractive at the moment and seemed to have a use case and a reliable team behind, I am not talking about Ethereum or Monero, I am talking about tokens which I doubt anyone here in this thread have ever read about, related to NFT's, Opensea, etc.

While I was deciding whether to put money in those tokens or not the prices continued to increase more, so I ended up not buying in, because I thought of the commissions of the transactions and the fact I was late to get a good position, also there was some laziness.

In the end, almost 100% of the times I was seriously thinking to buy those tokens they ended up losing a lot of their value in a few months, about 80-90%. Sure, Bitcoin has also lost some value these last months but there is a big difference between the future those tokens may have in comparison to the future of Bitcoin.

In the end OP, a handful of satoshis are worth more than a million of a shitcoin. That is the lesson I learnt.

And while you can risk some money in altcoins if you want, I would recommend you to stick to Bitcoin (perhaps some top 15 altcoins) if you want to sleep better.

Just my opinion. 

[Yamifoud]

Just wondering if everyone invests in Bitcoin or is it worth just focusing on strong altcoins that can 20-50x in the next few years?

It was not advisable to keep and invest in Bitcoin alone but to spread our funds. Yet, I put a huge amount into Bitcoin considering its profitability and we know that this project is the most trusted coin in the market where we can assure ROI. And for the huge number of altcoins now in the market, I consider those in the top 10. Maybe I was wrong but I neglect to buy new coins considering scam issues that mostly happen to them. As I bought these coins, I'd never thought about 20-50x, what I just need is to have a favorable profit when the time has come to sell them.

[pooya87]

Just wondering if everyone invests in Bitcoin or is it worth just focusing on strong altcoins that can 20-50x in the next few years?

It was not advisable to keep and invest in Bitcoin alone but to spread our funds. Yet, I put a huge amount into Bitcoin considering its profitability and we know that this project is the most trusted coin in the market where we can assure ROI. And for the huge number of altcoins now in the market, I consider those in the top 10. Maybe I was wrong but I neglect to buy new coins considering scam issues that mostly happen to them. As I bought these coins, I'd never thought about 20-50x, what I just need is to have a favorable profit when the time has come to sell them.

The problem is that altcoins don't go up 20x-50x in a few years, they do that in a few days or weeks when they are getting pumped. Bagholding them for years hoping that some day someone comes along and pumps them that much is not going to end well as the history suggests.

[ajiz138]

What we know is that altcoins provide quite large profits in multiples, especially during the altcoin season (most people say) I know you will be tempted by the rapid increase in altcoins between 10x-100x but if you have entered then big risks will await you usually altcoins will be thrown away 90% of the market price which suffers a lot but I say altcoins will not give profits all the time and Bitcoin is better as a good tool where this one coin becomes long term stability.

It doesn't matter if you choose it too and convert it to altcoin it's your responsibility to make an even more valuable experience in altcoin, but I always remind altcoins will still be shitcoins that's my view and no longer in my portfolio.

I am more comfortable with the practice of DCA and Buy Dips, this is my solution to prevent from going to altcoins again, I see what I felt before focusing more on Bitcoin.

[Davidvictorson]

Just wondering if everyone invests in Bitcoin or is it worth just focusing on strong altcoins that can 20-50x in the next few years?

Dear newbies, no matter what you think, listened to or watched on YouTube, altcoins will do you dirty stay away from it. Sure we know how altcoins can 100x like crazy in a short time but never forget that what goes up must come down. And newbies easily freak out when price drops and will sell everything in their portfolio in the twinkle of an eye and they will end up selling at a loss. One thing newbies forget is that altcoins can quickly go to zero. The best strategy is to stick with bitcoin. Buying and holding for a long time comes with peace of mind.

Image source: https://twitter.com/Ashcryptoreal/status/1580454115334770688

[TheUltraElite]

Bitcoins are better for investing while Altcoins are good for day trading but mind you, they can be really volatile and risky.

It can be the other way round, whatever suits you and give your profit.

If you are an experienced day trader you can make money on both bitcoin and altcoins, so you are only half correct. But it is true that both altcoins and bitcoin are volatile and risky, but that is again true for any other speculative market like stocks, metals etc. So you have to make the decision of watchig the older charts and observing for how long an altcoin actually is able to make a mark on the market. Most of the newly launched ones get washed away in one year while others have been running for quite some time.

In this manner, you can make a decision on which altcoins to buy when you are done buying bitcoin. Your first choice should be bitcoin though.

[kamvreto]

Bitcoin and altcoins are both profitable if managed properly. Bitcoin can be used for the long term, if you get a good price you just need to hold it and sell when the price target you have set is reached. and to get into altcoins that have fallen to -90% you need to research whether the altcoin has strong development or not for the future, don't just enter, you need to take it into account. Altcoins will indeed provide great returns if they are able to hit their highs again. Bitcoin and altcoins are a great combination, take every opportunity and invest what you can afford to lose.

[kryptqnick]

There are too many altcoins, it's a big market out there. With tha majority of them, a person can lose a lot of money. Even some that used to be in the top eventually moved down, some crashed significantly. Bitcoin is the most likely coin to recover, to grow. You're right that realistic returns with Bitcoin in the next couple of years are up to 10x and that probably some altcoins will go beyond that. But those are pretty good returns, and it's at a much lower risk than with altcoins. Plus, it's much less time-consuming because you focus on one coin and you already know which one.

[salad daging]

Just wondering if everyone invests in Bitcoin or is it worth just focusing on strong altcoins that can 20-50x in the next few years?

Dear newbies, no matter what you think, listened to or watched on YouTube, altcoins will do you dirty stay away from it. Sure we know how altcoins can 100x like crazy in a short time but never forget that what goes up must come down. And newbies easily freak out when price drops and will sell everything in their portfolio in the twinkle of an eye and they will end up selling at a loss. One thing newbies forget is that altcoins can quickly go to zero. The best strategy is to stick with bitcoin. Buying and holding for a long time comes with peace of mind.

Image source: https://twitter.com/Ashcryptoreal/status/1580454115334770688

It needs to be realized that beginners should no longer be involved in investing in altcoins because they just want a crazy increase of 100x expecting a very fast profit even though from panic that's what makes them suffer more after knowing the price dropped drastically and selling cheaper what they bought before, so I don't want them to just be lulled by others like Youtube who might be able to tempt them, but what we felt before was suffering and regret due to trusting in altcoins too much. The example you show in the picture of the LUNA coin really has no value.

I wonder how hard it is to invest in Bitcoin and then hold it? Are they not strong enough to hold on too long and want to go faster with altcoins? I can't help but think if there are thoughts like this, of course I respect their decision but we always recommend the best compared to altcoins.

Bitcoin should be one of the coins that is stored for a long time, it will earn a good profit in the next 4-5 years, the same thing they invest in other assets but Bitcoin is more real even though there is no physical.

[aylabadia05]

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Bitcoin is for me the best investment option. While Altcoins are full of uncertainty. But I would not advise you to deposit everything to invest in Bitcoin.

If you don't like to take risks and don't have too much experience choosing altcoins, then it wouldn't be a bad idea to invest everything in bitcoin. And if you can hold bitcoin for a long time like 5 years or 10 years, i believe that the ROI that bitcoin brings will not be inferior to what altcoins give you.
Invest all in bticoin, I mean here we are just talking about investing in crypto, not about putting all assets in crypto without outside investments, what that shouldn't be.

Placing everything on Bitcoin is a good idea outside the context of placing all money to invest in crypto.
Personally, I still survive to buy and hold, but not with the hold you mean. I hold with a certain target. It could be that within 1 year my target on Bitcoin has been achieved, so I will do a new planning regarding the next long -term investment on Bitcoin.

Regarding investment in Altcoin, I am still trying to convince myself not to be traveled anymore. I think it's enough time there, except for the type of altcoin like Ethereum.