Bitcoin or altcoin?

[piebeyb]

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?

I never recommend anyone because I'm not a financial or economics expert, but I usually just share what I have, namely bitcoin, even though it's only a decimal fraction, at least it's cooler than holding altcoin units, which one time could have problems, for example the LUNA case

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[Rana590]

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?

I never recommend anyone because I'm not a financial or economics expert, but I usually just share what I have, namely bitcoin, even though it's only a decimal fraction, at least it's cooler than holding altcoin units, which one time could have problems, for example the LUNA case

Obviously Bitcoin is the best option than altcoins for holding. People have deep interest in Bitcoin and it is growing so fast all over the world. It is trustworthy and secure decentralized crypto. But all the altcoins are not shit. We have to find out best and potential altcoins for the investment.

[virasog]

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?

I never recommend anyone because I'm not a financial or economics expert, but I usually just share what I have, namely bitcoin, even though it's only a decimal fraction, at least it's cooler than holding altcoin units, which one time could have problems, for example the LUNA case

Bitcoin is a truly decentralized currency and therefore we see that the majority of the market cap is taken by bitcoin. You should own bitcoin, there is no second thought about it.
Altcoins are made by people to gain money, i would call most altcoins are developed by greedy developers to get the bitcoin from the people and give them useless altcoins which have the risk of going to zero at any time.

[JohnBitCo]

If you are saying about choosing a profitable investment route rather then loss road then definitely bitcoin is the right choice for you ahead and advice will always be the same to anyone.As you have said the altcoin with great community support so you can specify about it? With the amount you can get good amount of altcoin but you will not get any return in the future so are you willing to block your amount in them? If the choice is between btc and altcoin then definitely bitcoin is the answer.

Choosing and investing in bitcoin is a profitable investment and safe investment while investment is altcoins can be sometimes evermore profitable than bitcoin but it can be risky too. We have seen what happened with the investors who invested in FTT and Luna. So, I would recommend investing in bitcoin so you don't lose the money in case any mishap happens in any alt which you have held for the long term.

[Despairo]

The difference between cryptocurrency and Bitcoin is, cryptocurrency is scam, while Bitcoin isn't. If you've read someone say Bitcoin is scam and they loss their coin because Bitcoin is insecure, you must read the whole thread and ask him to know the reason why they say Bitcoin is scam and why they loss their coin. Mostly they say Bitcoin is scam because they invest to ponzi scheme project and their private key leaked due to their fault.

If they use Bitcoin in decentralized exchange and use hardware wallet to hold his coins, their Bitcoin will always still Bitcoin without any reduction or change even though you hold for 10 years long.

[Antonas1]

And since the OP didn't give details regarding the person's goals, I don't think I can give the same answer to the different people.
I answer like that cause I've experienced it. In 2017 my friend asked me if it was better to buy Bitcoin or altcoins. I said Bitcoin. Then he said "but we can't get quick profits huh?".
Long story short, a few months later he came to me and showed off his profit from buying LISK tokens. What can I say?

That's what I said; the answer depends on each person's target/mission.

There's not much you can say, but rest assured that bitcoin is the best of all existing cryptocurrencies. Talking about profits, it's more about how to see opportunities in taking advantage of investments, both in bitcoin and altcoins. -snip-

Yeah, I'm sure Bitcoin is the best and many people say the same thing. But in this case we cannot force others to follow what we want.

But in the end, people have their own understanding in finding answers according to the tastes they need, -snip-

Well here we go. So you agree that the answer is it depends, right?

[borovichok]

Choosing and investing in bitcoin is a profitable investment and safe investment while investment is altcoins can be sometimes evermore profitable than bitcoin but it can be risky too. We have seen what happened with the investors who invested in FTT and Luna. So, I would recommend investing in bitcoin so you don't lose the money in case any mishap happens in any alt which you have held for the long term.

Bitcoin investment is more profitable interms of trading volume and returned, but it can not be compared to altcoins which fluctuate the most, this week they're massively on the bullish run while next week, they're currently dumping. It's never predictable but if one invest with good promising altcoins, profits will definitely be made. Investors who invested in FTT or Luna, is not their fault that they invested in the wrong coin, rather it's coincidence because these things happens, it's crypto, and what should always come to your mind is either you are for the profits or loss.

[Note3]

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?

Of course, and no one will deny that having a few bitcoins is much more valuable than many altcoins, even though those altcoins can provide hundreds of percent gains but can also provide losses until their value is to be ashes.

I would probably be more confident in advising people I know to buy bitcoin rather than altcoins although I would still have to tell them the risks involved e.g. if they are only considering storing it in the short term but if they are considering the long term then the risk should be told about is hacking if they don't store it in a private wallet that has access to Private Key.

[BALIK]

The difference between cryptocurrency and Bitcoin is, cryptocurrency is scam, while Bitcoin isn't. If you've read someone say Bitcoin is scam and they loss their coin because Bitcoin is insecure, you must read the whole thread and ask him to know the reason why they say Bitcoin is scam and why they loss their coin. Mostly they say Bitcoin is scam because they invest to ponzi scheme project and their private key leaked due to their fault.

If they use Bitcoin in decentralized exchange and use hardware wallet to hold his coins, their Bitcoin will always still Bitcoin without any reduction or change even though you hold for 10 years long.

Bitcoin is not a cryptocurrency?, if it is not a cryptocurrency, then what is it in this crypto market? It's surprising that more and more people are starting to separate bitcoin from crypto after the crash of FTX and Lunc. And cryptocurrencies are not scams, scams are just human behavior, all things like Luna, FTX are just tools that people use to scam each other. No one will scam you if you are not greedy, don't blame crypto or the scammers out there if you don't intend to be greedy.

[alexandr1115]

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?

I never recommend anyone because I'm not a financial or economics expert, but I usually just share what I have, namely bitcoin, even though it's only a decimal fraction, at least it's cooler than holding altcoin units, which one time could have problems, for example the LUNA case

Obviously Bitcoin is the best option than altcoins for holding. People have deep interest in Bitcoin and it is growing so fast all over the world. It is trustworthy and secure decentralized crypto. But all the altcoins are not shit. We have to find out best and potential altcoins for the investment.

There is just some distrust of altcoins due to the fact that some projects stop developing and they are simply abandoned. But I think the project needs to be studied in great detail before making any hasty conclusions about it. And once again, I will probably repeat, as I have already written about it, that altcoins are the main engine of the entire cryptocurrency industry.

[Furious 7]

The difference between cryptocurrency and Bitcoin is, cryptocurrency is scam, while Bitcoin isn't. If you've read someone say Bitcoin is scam and they loss their coin because Bitcoin is insecure, you must read the whole thread and ask him to know the reason why they say Bitcoin is scam and why they loss their coin. Mostly they say Bitcoin is scam because they invest to ponzi scheme project and their private key leaked due to their fault.

If they use Bitcoin in decentralized exchange and use hardware wallet to hold his coins, their Bitcoin will always still Bitcoin without any reduction or change even though you hold for 10 years long.

Bitcoin is not a cryptocurrency?, if it is not a cryptocurrency, then what is it in this crypto market? It's surprising that more and more people are starting to separate bitcoin from crypto after the crash of FTX and Lunc. And cryptocurrencies are not scams, scams are just human behavior, all things like Luna, FTX are just tools that people use to scam each other. No one will scam you if you are not greedy, don't blame crypto or the scammers out there if you don't intend to be greedy.

I agree with this. even though in this case it needs to be realized that Cryptocurrency is an object and what is wrong is a handful of people who abuse this, but interestingly the current stigma seems to corner all as if this is indeed not a good thing to do.
But indeed, when looking at it from a different perspective, especially for people who don't like Crypto, it seems that this kind of thing doesn't apply because it really doesn't really matter what is being denied at this time, it will only make people who don't like Crypto even more make boundaries, and I personally prefer to laugh at this because that's when they say crypto is a scam. no matter how strong our argument is, they obviously won't really care about it so I also do the same thing because I don't really care about their argument that says crypto is a scam.

[Wakate]

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 need to ask yourself why many of the good altcoins we have in the market had crashed following the trendy pattern of Bitcoin. We LL that there are so.e altcoins in the market that are very good and have a great team but we need to check it out if they can stand on there own. Holding large amount of Bitcoin will be very profitable than holding many of the altcoins we see in the crypto market. It is just a matter of time when the price of Bitcoin will good bull again and anyone holding Bitcoin would smile more because the profits would be massive.

[lizarder]

Yeah, I'm sure Bitcoin is the best and many people say the same thing. But in this case we cannot force others to follow what we want.

We are not convincing people to follow Bitcoin, but the fact is that Bitcoin has answered everyone's doubts, so investing in Bitcoin is much better and able to maintain its value compared to Altcoins.
After all, we must admit to the truth, that the bitcoin revolution has reached the stage of perfect asset retention, when compared to other investment models. Then there is no harm in forcing people to choose better, rather than blocking access to more promising paths.

Well here we go. So you agree that the answer is it depends, right?

Agree to be involved in the discussion, but not when confronted with a specific question. I mean, if someone asks me to choose Bitcoin or Altcoin in an ongoing investment, then my answer is still Bitcoin.
It doesn't take much time to give this answer, after all Bitcoin really is a value keeping investment and will continue to look perfect to me.

[Antonas1]

Yeah, I'm sure Bitcoin is the best and many people say the same thing. But in this case we cannot force others to follow what we want.

We are not convincing people to follow Bitcoin, but the fact is that Bitcoin has answered everyone's doubts, so investing in Bitcoin is much better and able to maintain its value compared to Altcoins.
After all, we must admit to the truth, that the bitcoin revolution has reached the stage of perfect asset retention, when compared to other investment models. Then there is no harm in forcing people to choose better, rather than blocking access to more promising paths.

Means just throw away your words "we do not convince people to follow Bitcoin", because obviously you want people to choose the right track, the right side, and that is Bitcoin.

Agree to be involved in the discussion, but not when confronted with a specific question. I mean, if someone asks me to choose Bitcoin or Altcoin in an ongoing investment, then my answer is still Bitcoin.
It doesn't take much time to give this answer, after all Bitcoin really is a value keeping investment and will continue to look perfect to me.

Great! That means we should agree to disagree, right?

[Yamifoud]

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 need to ask yourself why many of the good altcoins we have in the market had crashed following the trendy pattern of Bitcoin. We LL that there are so.e altcoins in the market that are very good and have a great team but we need to check it out if they can stand on there own. Holding large amount of Bitcoin will be very profitable than holding many of the altcoins we see in the crypto market. It is just a matter of time when the price of Bitcoin will good bull again and anyone holding Bitcoin would smile more because the profits would be massive.

If we come into a long-term investment, Bitcoin is really the best option to take over altcoins, even ETH. But if we aim for just short-term, altcoins seem to become ideal due to hypes where a big chance of multiplying your money many times than Bitcoin.
Yes, it really matters on time and it also matters in which altcoins we choose to invest. A wise investor won't just invest in Bitcoin alone but also having altcoins together. And I think that was advisable, though.

[Dickiy]

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?

I never recommend anyone because I'm not a financial or economics expert, but I usually just share what I have, namely bitcoin, even though it's only a decimal fraction, at least it's cooler than holding altcoin units, which one time could have problems, for example the LUNA case

You look cool because you have a part of the crypto king, namely Bitcoin, yes, even though it's only a small part, but we are together with people who have thousands of Bitcoins.

The tragedy of Luna and FTX this year is certainly an example that should make us wary of Altcoins. Yes, although not all Altcoins are like FTX and LUNA, that view is the same view that I instilled in myself when LUNA fell first, and in the end, I also lost to the FTX incident.
Never mind, don't put yourself in a position where one day you're going to get stressed out investing in Altcoins, I'm also lucky I didn't go crazy when that happened.

[gigahannah08]

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?

few satoshi? It is better invest in a good altcoin then investing in bitcoin only for few satoshi. Casue when bitcoin starts rally then altts will gain more then btc. So then he can buy more satoshi with his profit.

[BRINIRHA]

for the long term. I'm not interested in altcoins. except for a few. and based on my analysis, which is a beginner and doesn't have much experience. I see Bitcoin alone really struggling to stay decentralized and against being centralized. whereas altcoins most of them pretend to be decentralized but in reality are close to centralized. but I don't know what's next. but for me altcoins that use the POS system are close to centralized. although there are still altcoins with a PoW system. but still I am not sure to hold it long term. but I'm not a hypocrite if I hold some just for speculation and see potential in the near future and not for the long term.

[WhatDoIKnow]

It is important to note that cryptocurrency is a highly speculative and volatile market, and the value of any particular cryptocurrency can fluctuate significantly over time. As a beginner, it is important to do your own research and carefully consider the features and risks of any cryptocurrency before making a decision.

In terms of decentralization, it is true that Bitcoin has struggled with centralization in the past, with a small number of miners and mining pools controlling a large portion of the network's computing power. However, there are ongoing efforts to address this issue and increase decentralization in the Bitcoin network.

On the other hand, many altcoins claim to be decentralized but may actually be more centralized than they appear. It is important to carefully evaluate the features and structure of any altcoin before making an investment decision. PoS (Proof of Stake) and PoW (Proof of Work) are two different mechanisms used by cryptocurrencies to achieve consensus and secure the network. PoW systems, such as the one used by Bitcoin, require miners to perform computational work to create new blocks and earn rewards. PoS systems, on the other hand, allow users to "stake" their coins to validate transactions and earn rewards. PoS systems may be more susceptible to centralization than PoW systems, but this will depend on the specific implementation of the system.

[panganib999]

 

for the long term. I'm not interested in altcoins. except for a few. and based on my analysis, which is a beginner and doesn't have much experience. I see Bitcoin alone really struggling to stay decentralized and against being centralized. whereas altcoins most of them pretend to be decentralized but in reality are close to centralized. but I don't know what's next. but for me altcoins that use the POS system are close to centralized. although there are still altcoins with a PoW system. but still I am not sure to hold it long term. but I'm not a hypocrite if I hold some just for speculation and see potential in the near future and not for the long term.

someone said to me that altcoins are like the penny stocks of the cryptocurrency industry. They are dirt-cheap, with high profit implications, but are most of the time doomed to fail given their weak nature and the fact that some of them are just there for memes. I am not saying that altcoins are bad, in fact I would argue that without altcoins the cryptocurrency industry wouldn't advance and progress to its current state. It's just that you need to be very meticulous in choosing which altcoins you are to invest because trusting a failing coin is the biggest mistake you can make. Altcoins are good for their own rights, so is bitcoin and ethereum.