Bitcoin vs Altcoins?

[Fivestar4everMVP]

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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.

There is what we call diversification in crypto, I want to believe you already know what that means.?
Now, you can try to apply that in your strategy, you don't have to go all in on Bitcoin and you don't have to go all in on altcoins, share your portfolio between the two, but make sure you have a higher portfolio on Bitcoin since it's  the safest, altcoins do have a better return on investments, but also do not rule out the fact that they are highly risky and can swallow your money in just a matter of seconds, take what happened to Terra Luna as a point of reference, alot of altcoins have come and gone, but bitcoin remains and still standing strong.

So my advice is, if you are in need of quick profit and must buy altcoins, make sure you have a higher percentage of bitcoin in your portfolio.

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[Myleschetty]

(.......)

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.

There is what we call diversification in crypto, I want to believe you already know what that means.?
Now, you can try to apply that in your strategy, you don't have to go all in on Bitcoin and you don't have to go all in on altcoins, share your portfolio between the two, but make sure you have a higher portfolio on Bitcoin since it's  the safest, altcoins do have a better return on investments, but also do not rule out the fact that they are highly risky and can swallow your money in just a matter of seconds, take what happened to Terra Luna as a point of reference, alot of altcoins have come and gone, but bitcoin remains and still standing strong.

So my advice is, if you are in need of quick profit and must buy altcoins, make sure you have a higher percentage of bitcoin in your portfolio.

Keeping all eggs in a single basket is never a good idea they say and diversification is always a good decision. However, it also has its cons and pros. Which one of them is investors knowing the number of cryptos they can manage very well before diversity into many altcoins.

[darkangel11]

Ok. That makes sense. But I still think that the risks are the same. ETH or BNB are as centralized as BSV is. The only difference is that higher number of people have accepted that BSV is a shitcoin compared to those others.

If we start thinking this way, no coin apart from bitcoin will ever be good enough. I'm somewhat a maximalist myself, but I appreciate that some of these coins are actually filling a niche by providing use cases that bitcoin cannot yet.
For example, when people were mining using fast ASICS they started thinking of coins that can be mined with CPU, then with HDD. The markets bashed most of them into nothing by showing that a different, innovative type of mining a coin doesn't make it useful or valuable, but the attempts were good. Without these "testers" we wouldn't know what works and what does not.

Any altcoin that has an actual use case and has some innovations instead of doing the same thing as was done years ago.
Unfortunately any altcoin I have ever analyzed has had some flaws, some bigger than others but if I wanted to mention one altcoin that is not a shitcoin and has some actual utility I would say Monero.

If we agree that coins are software, flaws are normal. Show me a computer game that had no bugs when it was released.
You seem to focus on centralization a lot. Centralized alts = shit, decentralized alts = mostly shit, but there are some gems. Is that it?
Bitcoin is decentralized but that doesn't mean that every centralized coin is bad, at least that's how I see it. I'd agree to some centralization if it offered enough utility to balance that weakness.
In case of Monero, you can see how good a coin is by the effort the governments put into shutting it down. I hope it survives.

[Popkon6]

Bitcoin is more important than altCoin. Bitcoin is widely used almost all over the world. Bitcoin Legend is a coin whose campaign has spread widely across the world.

If you mention altCoin then any case is lagging. If you want to invest then definitely you should invest in Bitcoin because you will get huge benefits if you invest in Bitcoin.As much benefit as you will get from Bitcoin but you will never get that much benefit from altCoin. No I can say that Bitcoin is worth more than altCoin.

[Chato1977]

Bitcoin not even comparable to Altcoins , though it can be considered as investment coins also but Bitcoin si too strong to be compared to altcoins.

And I am always supporting Bitcoin against all altcoins so just INVEST IN BITCOIN now matter what happens.

I may have holding some altcoins But BITCOIN IS ALWAYS MY FIRST CHOICE ..

[tygeade]

Bitcoin not even comparable to Altcoins , though it can be considered as investment coins also but Bitcoin si too strong to be compared to altcoins.

And I am always supporting Bitcoin against all altcoins so just INVEST IN BITCOIN now matter what happens.

I may have holding some altcoins But BITCOIN IS ALWAYS MY FIRST CHOICE ..

I have the same logic, even though I invest into ETH and BNB as well for token reasons because I like the idea that they are the father of some projects and many tokens are listed on their chain, which could give them power so I have nearly 30% of my coins in eth and bnb, I still hold 50%+ in bitcoin because I believe that no matter what happens to the market, bitcoin will always be strong and will always worth something. That’s my understanding of bitcoin, and how I think it will play out in the future for sure.

This is of course just my idea, doesn't mean that it will be a right idea, maybe I am wrong and other coins will go up more, but I feel more safe this way.

[EarnOnVictor]

Bitcoin not even comparable to Altcoins , though it can be considered as investment coins also but Bitcoin si too strong to be compared to altcoins.

And I am always supporting Bitcoin against all altcoins so just INVEST IN BITCOIN now matter what happens.

I may have holding some altcoins But BITCOIN IS ALWAYS MY FIRST CHOICE ..

I have the same logic, even though I invest into ETH and BNB as well for token reasons because I like the idea that they are the father of some projects and many tokens are listed on their chain, which could give them power so I have nearly 30% of my coins in eth and bnb, I still hold 50%+ in bitcoin because I believe that no matter what happens to the market, bitcoin will always be strong and will always worth something. That’s my understanding of bitcoin, and how I think it will play out in the future for sure.

This is of course just my idea, doesn't mean that it will be a right idea, maybe I am wrong and other coins will go up more, but I feel more safe this way.

Of course, it's your idea, and I'm telling you now that it's the right idea. It is good for every investor to diversify their portfolio, unlike some that are extremists about Bitcoin. It's all about making money, and Bitcoin and Altcoins have their peculiarities and seasons, one should learn how to outsmart them and maximize their earning potential rather than sticking to one alone.

Having about 50% investment in Bitcoin and the rest of about 50% in Altcoins is a very good plan.

[fuguebtc]

Bitcoin not even comparable to Altcoins , though it can be considered as investment coins also but Bitcoin si too strong to be compared to altcoins.

And I am always supporting Bitcoin against all altcoins so just INVEST IN BITCOIN now matter what happens.

I may have holding some altcoins But BITCOIN IS ALWAYS MY FIRST CHOICE ..

I have the same logic, even though I invest into ETH and BNB as well for token reasons because I like the idea that they are the father of some projects and many tokens are listed on their chain, which could give them power so I have nearly 30% of my coins in eth and bnb, I still hold 50%+ in bitcoin because I believe that no matter what happens to the market, bitcoin will always be strong and will always worth something. That’s my understanding of bitcoin, and how I think it will play out in the future for sure.

This is of course just my idea, doesn't mean that it will be a right idea, maybe I am wrong and other coins will go up more, but I feel more safe this way.

Of course, it's your idea, and I'm telling you now that it's the right idea. It is good for every investor to diversify their portfolio, unlike some that are extremists about Bitcoin. It's all about making money, and Bitcoin and Altcoins have their peculiarities and seasons, one should learn how to outsmart them and maximize their earning potential rather than sticking to one alone.

Having about 50% investment in Bitcoin and the rest of about 50% in Altcoins is a very good plan.

I think it's up to each person's opinion, no one is right or wrong here. Bitcoin extremists they have their reasons too because all altcoins depend on bitcoin if bitcoin falls then all falls, if bitcoin dies all dies. But for others, they are still aware of it but they want to diversify into altcoins simply for profit, as you say. Bitcoin is the best but it is unlikely to produce the best returns, a lot of altcoins can give a much better return than bitcoin.

As long as we know what we're doing and what we're going to face, we can invest anywhere. Because we are here to make profits for ourselves, not for others, so just feel free to ignore anyone who doesn't share the same opinion.

[pooya87]

If we agree that coins are software, flaws are normal. Show me a computer game that had no bugs when it was released.
You seem to focus on centralization a lot. Centralized alts = shit, decentralized alts = mostly shit, but there are some gems. Is that it?

The problem is not with being centralized or having bugs. It is about being centralized but be advertised as decentralized, or having serious fundamental bugs in the protocol and still be advertised as secure, or having a mutable blockchain and claim to have safety.

Otherwise the banking system, PayPal, credit card companies, ... and a lot of other things are centralized and we can't call them "shit", not to mention that we use them every day because they don't claim to be what they aren't.

[wmaurik]

It doesn't take time for Bitcoin to increase in value, but once the price of altcoin drops, it takes a long time to increase. Bitcoin pumped the highest amount compared to the altcoin and it plays the highest role in the cryptocurrency world. Due to which Bitcoin has the highest ranking in the market. And is bitcoin the highest amount of investment compared to altcoin.

As for the highest amount of investment in the crypto space, it is clear that Bitcoin has a much higher volume than any altcoin every year so Bitcoin can always be at the top for a long time. And for the future I think it will be too, because the first thing that many people in the crypto space recognize is Bitcoin, not altcoins.
Also from various other things, Bitcoin is still far superior to altcoins, so there will be no gap for any altcoin to win against Bitcoin.

[dlightag]

Bitcoin is the number one in the cryptocurrency market industries, which it drives Alt-coin along the side, if Bitcoin is on green mood, the entire market will be on green with a strong buy resistance, holding Bitcoin for next 2-3years is a very good one, how little may be, profits is sure, and all depends entry point of buy or sell return investment.

[Fara Chan]

As for the highest amount of investment in the crypto space, it is clear that Bitcoin has a much higher volume than any altcoin every year so Bitcoin can always be at the top for a long time. And for the future I think it will be too, because the first thing that many people in the crypto space recognize is Bitcoin, not altcoins.
Also from various other things, Bitcoin is still far superior to altcoins, so there will be no gap for any altcoin to win against Bitcoin.

Bitcoin adoption has been so widespread to date, bitcoin has grown so fast in the last two years, although there are still ongoing corrections and recoveries. Bitcoin is widespread everywhere, including certain companies and shops that have accepted payments using bitcoin, although we realize that this concept has not been fully implemented in public places, it is possible that in the future bitcoin will become a medium of exchange in the hotel sector, services and more.
While Altcoins are difficult to achieve something that has been passed by bitcoin, and altcoin development is at a point that has not been maximized.