Bitcoin or altcoin?

[Queentoshi]

Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

[1715210004]

1715210004

[1715210004]

1715210004

[1715210004]

1715210004

[1715210004]

1715210004

[Mr.right85]

Without sentiments, I'll encourage anyone (although, I'll still be pretty clear on the user to DYO just for the individual to understand that, it goes both ways in an investment, Profit/Lose) to go for a bitcoin investment as oppose to altcoins.

Yeah, I get the point your trying to make as per, altcoins can just boom from maybe a $0.000001 value to $50 in value and an original $10 investment could make some huge difference but, that is hardly the case. Without any statistics to prove, I'll say that happens 1 in every 10,000 altcoins.

How then can you tell your not throwing away your money in a trash in the name of an altcoin investment.

In the case of bitcoin, there is a lot of securities on it and all you've got to do is keep buying and hold. A time would come when the price would sky rocket as well.

[Falconer]

Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

You will probably admit that bitcoin will be more profitable than altcoin in the future. Bitcoin is in fact a safe investment asset where becoming worthless would have been extremely unlikely had it not been for technical failures and worldwide bans. Altcoin prices always follow bitcoin price movements, so I tend to recommend bitcoin to them rather than altcoin at first.

But if they have enough money to buy both, then I also wouldn't be against them wanting to diversify their assets. But for now, regardless of the funds you have, you should choose bitcoin as the main investment asset as long as the price is still low.

[BlackHatCoiner]

I don't suggest investing in bitcoin; it's pretty much a buzzphrase nowadays, and it truly makes little sense. I mostly suggest to get involved into it, and figure out what it is. I absolutely mention the main difference between bitcoin and altcoins, that is the former is used mostly legitimately while the latter fit no real world utility and are pump and dump schemes.

Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

No damn clue. That will depend on the supply of the altcoin.

[pixie85]

I have (if you check my post history) and will always say that biotcoin is a better choice than altcoins even if we focus on 1 reason.

Bitcoin influences all altcoins. If it fails all altcoins will fail and lose value. Let's say you choose bitcoin. It comes with some degree of risk. You can gain or lose money from this investment.
If you buy an altcoin instead you're taking the risk that bitcoin brings plus additional risk of the altcoin failing on top of it.

Luna is a great example where it went from about $300 to 0 but bitcoin did not. If Bitcoin were to go to 0 you could expect luna and all other altcoins to follow.

[Oshosondy]

Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

Remember that this is a bitcoin forum, people here will have sentiment for bitcoin. As for me, I will advice people to go for bitcoin because of its high adoption and utility and because it will still also increase in price during bull run. Anyone that is looking for more profit can go for altcoins, but they should remember the risks, like Luna, UST collapse and the recent FTT collapse, any altcoins can do that, which means it is just gambling while investing in altcoins. Bitcoin is better.

[hZti]

People will most likely advise you to buy bitcoin, especially if they are longterm in the game already. This is because there were many very good alt coins that people thought would be the next big thing but actually disappeared. The same will probably also happen to ethereum and others that are now popular.

[LegendaryK]

Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

Hodling is a btc nutjob cult thing, if you want to earn profit you have to sell.

BTC price can only multiply at a maximum of ~5X the peak in a given 5 year cycle.

Altcoins due to their lower price have a higher multiple of ~10X to ~50X capacity in a 5 year cycle.

Traders know altcoins is where the maximum profit$ are located.

So you only need to decide are you a trader interested in earning profit$ or a BTC Cult member that hodl just because the cult says so.  

[Aanuoluwatofunmi]

Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community?

What a ridiculously act, why should i recommend someone with altcoins at first when bitcoin which is more reliable is even difficult to convince others into investing with, that's just a simple explanation with clambing a pawpaw tree which will definitely fall you down, can you show me that altcoin that could be as good as bitcoin? or a crypto community that has been proved better than bitcointalk?

Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

Decimal is not the measure of how you should trust bitcoin, just do the mathematical conversions but what is expected is for you to invest the amount you can afford in your capacity with bitcoin, everyone has always claim been good with their alts not until you invest and have such ugly surprises from them.

[The Cryptovator]

Wasn't the Luna community strong enough? So, at the end of the day, what happens? In Luna, the community and investors lost everything. Because altcoin is not a true decentralized cryptocurrency, it is extremely risky. Bitcoin is truly decentralized and low risk. At the very least, you won't lose everything like Luna. Having followed a lot of drama, it's become difficult to trust any altcoin, whether the community is strong or weak. So it is better to play Bitcoin with low risk.

[Ale88]

Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

Based on my personal experience, buy just bitcoin. Buying bitcoin you know exactly what you are buying, buying an altcoin is always a risk and a bet. Besides very few altcoins, I would say ETH, BNB and I'm already struggling to name a third one, all the others could go up just like they could disappear, no matter the community they have. The community can pump the price up, but if there is no real use what do you think it's going to happen in the long run?

[Blawpaw]

For me, Bitcoin BTC will always be number 1. I prefer to hold Bitcoin even during the bear market and see it flush than trying to average the market with an "un" stablecoin. Altcoins are simply to risky to go long hold.
It's Bitcoin and Litecoin for me and the rest is just pure speculation. As you say in my country "best a bird in hand than two in your front flying".

[2stout]

Unequivocally Bitcoin over altcoin.  Sure you can hit really nice if/when altcoins peak but too risky.  Besides, getting into altcoin unfortunately tends to relieve people of their Bitcoin.

[Mate2237]

Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

Bitcoin is not for sentimental statement or attitude. Bitcoin is bitcoin and altcoins is altcoins and Bitcoin can't be compared to any other coin. Bitcoin is always all time high even as the bear market. Therefore if any one want invest and the person come to me for advise, I will always tell them to invest on bitcoin but there is a particular saying that don't put all your eggs in one place. So if the person decided to invest in other coin that is for own business and risk. I always tell people to invest only on bitcoin.

[jossiel]

Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

Definitely.

Owning bitcoin is much better than owning any altcoin. There will be the debates about that altcoins have gained more than what bitcoin has gained and that's okay.

If you think that there will be an altcoin that will gain more than bitcoin then suggest it to the others or do it on your own. But by having bitcoin, it's like having an assured asset in this world of cryptocurrencies that's majority of it is volatile.

[n0ne]

Whether it is bitcoin or altcoin, we need the patience to experience the best out of it. Owning bitcoin will give the assurance of multiplying our holdings as the entire market circulates around bitcoin. With altcoin finding the right one could get you the best roi. This is truly high against the growth experienced by bitcoin.

Investing on bitcoin is the best, but having the investment distributed over something that have got to be an alternate could help us have stabilized portfolio in all market conditions.

[Baofeng]

Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

You also have to factor the risk though, altcoin is much volatile than bitcoin, hence it is more riskier, can go literally 0 to x amount in hours, just for pure pump and dump. But what will happen after that? and there are investors who think that the price can continue to go on a parabolic rise, and when it goes down as hard as it goes up, then everything is messed up in your end.

So if you are a investor who is smart and wise and wanted to sleep at night knowing that your invested  will not go to 0 and be too big to fall, then obviously, BTC is the right choice. For me yes, having some bitcoins in your wallet and then continue to accumulate overtime (in decimals) is good for the long term as compare to some good but riskier altcoin.

[franky1]

it doesnt matter if its 0.01 of a good coin or 1.0 of a coin no one uses. the unit decimal doesnt make a difference.

what makes a difference is are you buying a coin that has a community and support or not and if that coin has utility or not and if the price is at value or premium (cheap or bubble)


having bitcoin long term is a good hedge against fiat inflation.. trade altcoins only when their value is good/cheap in comparison to points ill raise below(2)
easy way to see if a coin has a community is their market price wiggle and volume compared to other coins(4)


five things to note..
ill just use btc and eth as 2 examples. but you can apply same logic to al coins

1. does the coin do anything in the real world. can you but things with it
bitcoin yes. 99.9% altcoins no

2. the value:price ratio
find out what block creation and reward mechanism a coin uses
A. if its PoW. calculate the electric of an efficient miner per hashrate. and work out how much electric is used per block
rate electric at an efficient electric cost of ~$0.04
also work out how many asics need to have been bought in total by everyone to achieve that hashrate

work out the cost per coin of hardware+electric. and you have a underlying efficient cost to acquire bitcoin

compare that to the price

B. if its PoS. calculate the coins made per hour. then look at all of the 'staked validators' give them a Pc wattage usage of ~400w per validator
and calculate the electric price for that. and then calculate the per coin cost. because people are using their normal leisure/home computers instead of some specialist hardware. the hardware costs can become insignificant

compare the that to the price

3a.EG it works out BITCOIN is a > $15k* coin cost vs over $16k price
3b.EG it works out ETHEREUM is a sub $50*^T coin cost vs over $1k price

you then realise that bitcoin is at great value compared to most efficient coin acquisition cost.
you then realise that ethereum is at premium bubble compared to most efficient coin acquisition cost.

so buy the coin at great value and sell the coin at the premium

* today its about $13k to mine btc efficiently, but asics dont change at a whim. they run longterm and take the average long term which is about $15k
*^T its more like $47 for combined home Pc's to stake 1 eth, but can he even less due to many are custodianised to one server

4. look at the wiggles of a market chart. if a coins wiggles(price movements) look similar to that of another coin. its means the altcoin is not producing much of its own community trade sentiments of independent price discovery. and instead is just being arbitraged by the better coin to just follow the pattern of the other coin.
no community independent market means that its not used or does not have much of a community/utility around it
EG ethereum shadow traces bitcoin sentiment like a lost sheep far too often

this means ethereums (now its PoS) is not really "trading" independantly. but being stakes where coins are locked and not traded. so what is left is just being propped up by at a speculative bubble high amount compared to efficient cost  due to other markets. not its own utility/user sentiment
(worth noting ethereum changed from a PoW to a PoS. its cost dropped from ~900 to ~50. yet its price is being propped up not by its own independant community price discovery sentiment. but just being a sheep/shadow to bitcoin trading)

if their market looks like no other coins trade pattern. then it has its own independent price discovery. which could if volume is high show the coin has a community doing its own trade and utility of sentiment of price discovery.

[Stalker22]

Are you comparing Bitcoin to altcoins? If so, you are comparing apples to oranges. Bitcoin is not in competition with any other cryptocurrency in the same way that a BMW is not in competition with a Hyundai. Sure, they are both cars, but they serve different purposes.

Bitcoin stands alone as the original, first-ever cryptocurrency and will likely be used as a means of exchange for many years to come. While there are many altcoins out there today, none of them can compare to Bitcoin in terms of size and scope, let alone its security.

[tabas]

That's the thought that I've got before which I've seen from the others that they've said that they'll take altcoin because of the quantity that you'll get.
Because getting a bitcoin is more expensive and you'll just get a few decimals on it. I get where they're taking those words but it doesn't make sense, it's still bitcoin as the most recommended crypto to own. It's like comparing and saying that people will take bronze because it's cheaper than gold.