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Author Topic: Bitcoin or altcoin?  (Read 2420 times)
Cryptodebjoe
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December 26, 2022, 05:59:38 PM
 #241

BTC anytime anyday bcuz I've noticed that altcoin feed on the existence of BTC also altcoin has lots of scammers involved but BTC is more reliable than them.....
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December 26, 2022, 06:21:46 PM
 #242

The difference between bitcoin and altcoin is that in most cases the more altcoins there are the more scams there are. But not all altcoins are scams, some coins are much better. But Bitcoin is the best coin in the virtual world. Investors tend to invest more in Bitcoins than Altcoins as they never face losses by investing in Bitcoins.
Bitcoin is in the Main position in Cryptocurrency, All Altcoins start from Bitcoin, This Altcoin is very dependent on Bitcoin. the name of fraud in Altcoin is already familiar to hear, and yes the more Altcoins are added the more this fraud will be born. We all need to study it well, the name of investment is of course there will be risks, both in Bitcoin and Altcoins.

Wise investors will still make Bitcoin the main investment and holding the most important asset, not only that investing in Bitcoin is relatively safe, with a much different level of risk compared to Altcoins. The risk is relatively lower than investing in Altcoins.
Bitcoin leads all Cryptocurrency movements, especially Altcoins.

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Ebede
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December 26, 2022, 06:33:24 PM
 #243

this is just obvious. why would anyone choose something that could fall apart any time after they buy it? or knowing very well that it is controlled by someone and he has noting he could do about it.
Bitcoin proves again and again to be the mother of all crypto and yet we are here talking about buying alts. I don't know about you and your vision but for me it will always be Bitcoin.
For investment goals that achieve large and quick returns, people prefer alternative currencies over Bitcoin. Even most of those who prefer Bitcoin are long-term investors and very few use it for daily transactions.
Personally, I always prefer the less risky options since I am not an investor. The same reason prompts me to use usdt to freeze my balance while bitcoin price drops. Of course, the usdt currency is also considered an alternative currency, but it is less dangerous in times of falling bitcoin prices and the rest of the major currencies.
In my own opinion I will say that why people prefer investing in altcoin than bitcoin it is because altcoin will be buy or purchase in low price why bitcoin will be purchasing higher price but during a bullish market when altcoin rise you will have a more dollar and altcoin investment if the altcoins can survive a bearish market.

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December 26, 2022, 06:55:18 PM
 #244

I agree with what you said, most of the people who invest in altcoins are people with small capital and they want to rely on altcoins to grow their capital as quickly as possible, and that is also the fatal weakness that scammers have captured and exploited.
There's nothing wrong with investing in altcoins, but the mistake people make is being too greedy, they don't take profits when they are profitable but want more and as a result they lose and from there, people start aversion to altcoins. Bitcoin or altcoins are both profitable investments, choose the investment method that suits you best.
I know one great asset from which the profits can be reinvested again and do not worry that you will have an aversion to it, this is bitcoin. I understand what you are saying, if you have a small capital, you want to increase it as quickly as possible, and when it turns out to earn something on altcoins, people do not withdraw profits, but buy altcoins again with these funds in order to make a profit again.

But this is a losing strategy, to some extent it is like an all-in, sooner or later luck will turn away from you and the game will end there. Maybe you are right and altcoins are not that bad for making a profit, but this requires the right strategy.
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December 28, 2022, 05:28:16 AM
 #245

I think there are no references and choices when talking about bitcoin and altcoins, of course bitcoin is far above everything.
As of right now, Bitcoin is the most well-known cryptocurrency. If you're going to invest in Bitcoins or altcoins, Bitcoin is clearly the best choice. Nevertheless, a variety of factors should also be considered carefully. The value of your investment, whether in bitcoin or altcoins, will fluctuate, and a loss is always possible.
bitcoin is a crypto pioneer, obviously it will be the best choice to date and no one will be able to argue with this.
all investments are guaranteed to always be at risk, including of course crypto, it's just a matter of how to get around it so it doesn't hurt and everything can be learned.
Likewise with crypto, but if you want to invest in bitcoin it will be different from altcoins, because there are quite a lot of altcoins and if you choose the wrong one you can lose money later.
but for bitcoin and ethereum, you only lose in time and you have to be patient waiting for it when the market starts to improve and then sell it.

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