Bitcoin vs Altcoins?

[Mauser]

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?

In my opinion you are doing the right thing, keep buying Bitcoin with the DCA method. The price level of bitcoin at the moment makes a lot of sense and over time your bitcoin holdings will grow. I am also using the DCA method and think it's the best approach. Don't sell your bitcoins into altcoins, that's way to risky. There is no guarantee that an altcoin is actually going to make 25 or 50x return. You could also lose all your money. Bitcoins is a much more safe investment that should be part of any crypto portfolio. If you really want to invest in altcoins then you could reduce your new bitcoin purchase and split it between some other coins. But do keep holding the bitcoins you already own.

[Cryptmuster]

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.

Altcoins can show more growth, but at the same time they contain more risks, and in the pursuit of big profits, you can even lose your money. Remember how it happened in the last bull market, first bitcoin began to grow and only then altcoins began to grow after it after a while. This is one of the reasons why it would be worth staying in bitcoin, but of course it's up to you, maybe you will choose the altcoin that will be well pumped, as it happens with some altcoins now.

[worldofcoins]

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.

The value's downfall started somewhere around feb-april, now it's the best time to buy bitcoin before it's too late and 60k resistance becomes new support in a few 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.

I think it can hit somewhere around 120-150 k USD in the next 2-3 years with a market cap of around 1.5 trillion, again it's the best time to buy bitcoin- 19k USD is undervalued bitcoin.

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'd say bitcoin for longterm, I've seen most of the alt coins die pretty quickly unless they're given shoutout by a famous person look at the example of DogeCoin, it almost hit 1$/Doge due to Elon musk's hype.

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.

Bitcoin is good for long term while altcoins for short-term.

[BALIK]

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 think depending on your preference, if you like safety then choose bitcoin, the profit will be a bit less, but if you like altcoin, it will be more risky and the profit will be higher. The higher the return, the higher the risk. Or maybe to be more optimal you can also allocate your portfolio 50% bitcoin and 50% altcoin, or 70-30. But it can be said that investing in altcoins is not as simple as you think, it's not about picking any altcoin and just buying at low prices and waiting for the bull season to come to take profits. Things are not so simple, a lot of altcoins have dropped 85%-95% but there is no guarantee they will recover even some will not survive this bear season. So investing in altcoin is very risky, it's not like bitcoin, how much bitcoin can fall doesn't matter but it will always be the first to bounce back.

[Hamza2424]

Ohhh noo, it sounds so dirty dude what are talking about in the title please change it. haha bro I think there is a need for the Proverb to be quoted well, You are comparing the King with the shit. As shitcoin even can't stand to be discussed with the BTC. I think Alts should be whipped and I want too see BTC in top gainer top loser most productive each and every thing you know and I know.
I know many of us like BTC and alts too that was the same case with me but I have just realized noo there should be a balance in between these two terms as holding BTC cant be compared but trading Alts is not bad too.

[Piesel]

I use to be so much into altcoin at the beginning of my crypto journey and I was deeply rooted in several projects' development but along the line, I lost my appetite for altcoins since there can go from 100 to 0 in a matter of seconds.

Many risk their money on altcoin for short-term bases, but that is if you can make the right pick and be able to pull out when the market is in an uptrend direction before losing everything looking for maximum profits that may never come.

[_BlackStar]

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.

No one knows for sure, everyone will probably shoot one from the corner of his room. The future of bitcoin is still very good, actually you should cultivate optimism about it if you really invest in it. 20x - 50x from now will definitely be difficult even in the next 2-3 years, but since bitcoin price is uncontrollable it is possible to achieve it in the future.

Advice for you: Be a wise bitcoin holder. You may need to take profit at price x by selling it while you can buy again in the next phase of the decline. Accumulation and DCA are great, but of course I think that strategy is for those who have a steady monthly income.

[uneng]

I use to be so much into altcoin at the beginning of my crypto journey and I was deeply rooted in several projects' development but along the line, I lost my appetite for altcoins since there can go from 100 to 0 in a matter of seconds.

Many risk their money on altcoin for short-term bases, but that is if you can make the right pick and be able to pull out when the market is in an uptrend direction before losing everything looking for maximum profits that may never come.

That is why it is much better to invest in bitcoin. Btc price has a lower potential when compared to altcoins, but it is still a very decent potential we don't find in other investments among traditional markets.

I imagine bitcoin can hit 100,000$ on the next bullish season which may take 3 years yet, what means it is already 500% profit return over currently investments. Who does need more than that? To persue altcoins for higher percentage profit seems pure greed after making this comparison.

[indah rezqi]

Btc price has a lower potential when compared to altcoins, but it is still a very decent potential we don't find in other investments among traditional markets.

I don't agree, it's basically a wrong assumption.
I understand what you mean, but potential is not measured by how many times the profit you get from the investment. Bitcoin is still the best compared to altcoin, if you believe bitcoin has lower potential than bitcoin then maybe you have bet a lot on altcoin memes.

To persue altcoins for higher percentage profit seems pure greed after making this comparison.

Of course, especially on altcoin that don't have the real use cases, that is real greed.

[Vaskiy]

Ohhh noo, it sounds so dirty dude what are talking about in the title please change it. haha bro I think there is a need for the Proverb to be quoted well, You are comparing the King with the shit. As shitcoin even can't stand to be discussed with the BTC. I think Alts should be whipped and I want too see BTC in top gainer top loser most productive each and every thing you know and I know.
I know many of us like BTC and alts too that was the same case with me but I have just realized noo there should be a balance in between these two terms as holding BTC cant be compared but trading Alts is not bad too.

Holding altcoins too is good. Here it matters, when we choose the right altcoin. We've got the king, whom will be the king forever. We've got soldiers, without them it is hard to safeguard the kingdom, which means the cryptomarket. For some purpose altcoins got emerged and they're doing it. Trading altcoins is good and there are altcoins that have the potential to give good returns. Always stay on the top order is good. Altcoins are good for trading, and having a diversified portfolio is always a better choice.

[BinarySumo]

Bitcoin  would be a safer investment because of their adoption. Moreover, altcoins are very risky. But I have invested in some Altcoins and they have the potential of yielding better ROI. I guess it's your call. Do not invest without doing proper research.

[pooya87]

Bitcoin  would be a safer investment because of their adoption. Moreover, altcoins are very risky. But I have invested in some Altcoins and they have the potential of yielding better ROI. I guess it's your call. Do not invest without doing proper research.

You can also go on a gambling site, make some bets on dice rolls and make better ROI but that doesn't mean it is a good idea to do so.
That's pretty much the summary of the altcoin market, specially the token market. People are making bets on short term prices of these useless coins/tokens and cash their "chips" out if their bet succeeds for a profit. Calling it an "investment" is wrong.

[YellowWitty1]

If we see in terms ROI, then Altcoins have a better scope than Bitcoin.  However, they are extremely risky. If you want stability, then you should consider Bitcoin as it is widely adopted..

[wmaurik]

Bitcoin  would be a safer investment because of their adoption. Moreover, altcoins are very risky. But I have invested in some Altcoins and they have the potential of yielding better ROI. I guess it's your call. Do not invest without doing proper research.

It's actually not difficult to understand this because every altcoin is a cryptocurrency that is not Bitcoin. Because Bitcoin will still be Bitcoin and it will never be the same as any altcoin. So you have to know that this is different and if Bitcoin is compared to altcoins, it is clear that the loser is the altcoin because Bitcoin will always win with so many enthusiasts and others that altcoins don't have.

But I don't understand your decision to invest in altcoins, even though you yourself already know that Bitcoin is a very safe investment for everyone with a certain duration.
Why don't you even choose Bitcoin in this case mate?

[savetheFORUM]

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.

That is why bitcoin is the king and at the top, but when people are talking about altcoins do not imagine the lowest of the lows, ethereum and bnb are altcoins as well and they do nearly as well as bitcoin does. Sure there could be some small differences, but when you check the price volatility, they are not really that much different from it. Don't get me wrong bitcoin is still the best, I still think it is better than any other coin out there.

But, the difference between eth/bnb versus all those out of top 100 coins that are mainly either a scam or a failure is vast as well and we shouldn't lump them all together into one word and call them all altcoin together.

[eddie.gouws]

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.

When it comes to Bitcoin vs altcoins, there are a few things to consider. First, let's start with the basics: what are Bitcoin and altcoins?

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Altcoins are cryptocurrencies that are based on the Bitcoin protocol but have additional features or algorithms that differentiate them from Bitcoin.

So, what are the benefits of using Bitcoin over altcoins? Well, for one thing, Bitcoin is more widely accepted than most altcoins. In addition, because Bitcoin is the first and most well-known cryptocurrency, it has greater liquidity - meaning that you can buy and sell it more easily than other coins.

[_BlackStar]

If we see in terms ROI, then Altcoins have a better scope than Bitcoin.  However, they are extremely risky. If you want stability, then you should consider Bitcoin as it is widely adopted.

One of the reasons why bitcoin is better than altcoin is its innovation. You might expect some altcoin to have real use cases and be adopted as means of payment, but you should be aware that most altcoin are centralized. You also can't just compare the two in terms of price, people expect innovation to be better than just the price. So the best choice is bitcoin if you really want to value privacy over most altcoin.

I'm admit that altcoin can generate decent returns for their investors, but that in the long term the risk is far greater than the potential one would expect. After all, bitcoin is not a stable asset as you say, it is a highly volatile asset So you have to understand the risks.

[Bitstar_coin]

Altcoins are not good to hold for long time because altcoin can buy off you in the process of holding it so if actually you want to work on for a long time the best country is Bitcoin because bitcoin cannot buy and the value can only depreciate but when bullish market come bitcoin rise again but some altcoins there project just end on the way so it is not good for someone to buy altcoin and hold for long time

I will partially disagree, btc no doubt is the best coin to hold but there is nothing wrong with little diversification of your portfolio with a few good alts. I don't need to go in details about alts like eth, bnb, sol, dot, ada, avax, ltc, egld, and so on are alts which am pretty sure still trading above the price they where initially launched! and not only that most of these alts have been around for some years now and still going strong, the perception that alts are not good for long term mostly applies to shitcoins that have no significant beside pump and dump. Those type of alts are not able to recover even when the bull market season occurs.  so if there are alts that shows some element of potential, i feel it is worth a try.

[ajiz138]

Altcoins are not good to hold for long time because altcoin can buy off you in the process of holding it so if actually you want to work on for a long time the best country is Bitcoin because bitcoin cannot buy and the value can only depreciate but when bullish market come bitcoin rise again but some altcoins there project just end on the way so it is not good for someone to buy altcoin and hold for long time

I will partially disagree, btc no doubt is the best coin to hold but there is nothing wrong with little diversification of your portfolio with a few good alts. I don't need to go in details about alts like eth, bnb, sol, dot, ada, avax, ltc, egld, and so on are alts which am pretty sure still trading above the price they where initially launched! and not only that most of these alts have been around for some years now and still going strong, the perception that alts are not good for long term mostly applies to shitcoins that have no significant beside pump and dump. Those type of alts are not able to recover even when the bull market season occurs.  so if there are alts that shows some element of potential, i feel it is worth a try.

As long as an altcoin with a top 10 rating maybe it can be reconsidered by everyone, I still haven't done that myself and it's all on Bitcoin as one of the ones in my wallet, so every coin has a good prospect if they are able to last more as long as with top ranking but the rest is below that I will not glance back.
The fact that altcoins are still a lot of interest because the pump is always big, while it is different from Bitcoin which is slow with it, but as for other differences, I myself Bitcoin is the only coin to choose.

[Smartvirus]

Altcoins in contrast to bitcoin @OP, you must be a very clever person.
Most altcoins happens to be pump and dump and they never rise after they've hit the depth. Haven't invested in a few altcoin myself, I wouldn't advice it. The most you could do for the sake of diversification of your crypto portfolio is to maybe own a few altcoins but hold majority of your crypto portfolio in bitcoin. It's not an investment advice though but, that's what goes for me and I think it could go for you too @Op.

Most of the altcoin growths today are dependent on bitcoin, very few follow different parts but I tell you this, bitcoin  could double or triple in value in a few years and that's for sure. The ATH as we have it now is more than double the previous and so, there are still chances of reaping some good profit off a good bitcoin investment.