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Author Topic: Bitcoin or altcoin?  (Read 2437 times)
tjtonmoy
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December 19, 2022, 03:02:56 PM
 #181

It's always about centralized and decentralized. Altcoins are always centralized and managed by some individuals who can at any time control the whole market of that altcoin.
On the other hand, BTC is decentralized, and it's price movements always occur on investor's choice. Just look at the market price chart. Who do you see on the top? Yes, its BTC.
If you can just think of BTC as a good then what will you choose first? 2 of the same product comes at the same value, but one is well known, and the other is off - brand. Which one will you choose?
And no to mention that the off-brand one comes with the condition that you pay the full price, but the usability is limited, and you can lose the ownership at any time.
Now I left the rest to you. Choose wisely. Never trust anything on the internet completely and always do your own research.
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December 19, 2022, 04:15:37 PM
 #182

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 of higher potential than altcoins, because from what's happening in altcoins market whereby some of the altcoins doesn't have long life over their stays, and sometimes altcoins die off when not expected and especially those ones that doesn't have a good potentials.

So from my perspective, i will not encourage anyone i know more better to go directly and in altcoins, because it might ends up having huge lost, because of the kind of the altcoins project you purchase for investing, and a considering factor of altcoins, i believe it's a few of altcoins can be used as comparison with bitcoin, so it's advisable or encourageable to invest with bitcoin during a strong time of bearish market instead of altcoins for long bearish season.


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December 19, 2022, 04:37:15 PM
 #183

The choice is quite simple, namely choosing to buy 1 altcoin that has a strong community or choose to buy bitcoin with the same amount of money but the amount of bitcoin is not the same (decimal).
After I thought about choosing to buy bitcoin even though in a decimal amount is much more profitable if the investment applied is long-term. This is inseparable from every time the movement of market price increases that always follow Bitcoin.

There are no experts in the right Crypto field in giving predictions, but they can only issue a view in harmony with the situation. The most analysis is only approaching.
no analysis will be 100% correct. even if it is issued by a person with years of skill in the crypto market.
pool more Bitcoins for the long term. and manage altcoin assets for the short term. I usually manage like that. some say certain altcoins work for the long haul. but I just believe Bitcoin will be more suitable long term.
just collect more, no matter the quantity we hold, because of value. Bitcoin has better.
@yudi09 99.9% of all the supporters of altcoin that had a strong community have more enthusiasm for Bitcoin and the safest investment in cryptocurrency will always be Bitcoin.
@Pandu Geddon
Prediction will also be prediction and in other words, it is said to be guessing the market's next possible trend and this is the reason why some people consider trading as gambling while investors advise to always invest the amount people can afford to lose. However, every long-time investment done in Bitcoin is always the best.

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December 19, 2022, 06:20:43 PM
 #184

@yudi09 99.9% of all the supporters of altcoin that had a strong community have more enthusiasm for Bitcoin and the safest investment in cryptocurrency will always be Bitcoin.
The altcoin support community is just a group of people who want to make profits in the short term but despite all that a bigger risk awaits altcoins are usually difficult to recover and this is completely different from bitcoin, I think I have avoided altcoins.

@Pandu Geddon
Prediction will also be prediction and in other words, it is said to be guessing the market's next possible trend and this is the reason why some people consider trading as gambling while investors advise to always invest the amount people can afford to lose. However, every long-time investment done in Bitcoin is always the best.

Predictions are just guesses to get close to the price and no one can predict the exact price so the analysis they need is just to get close but in this way we can see the movement in the analysis, I think this is important in a trade, for investment they are clearly different only can buy below and sell high so long term it won't be complicated for an analysis.

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December 19, 2022, 06:53:45 PM
 #185

@yudi09 99.9% of all the supporters of altcoin that had a strong community have more enthusiasm for Bitcoin and the safest investment in cryptocurrency will always be Bitcoin.
The altcoin support community is just a group of people who want to make profits in the short term but despite all that a bigger risk awaits altcoins are usually difficult to recover and this is completely different from bitcoin, I think I have avoided altcoins.

You got a point, but we also cannot generalize all altcoins and saying that they are usually difficult when it comes to recovering phase because not all altcoins does have the same situation. And to answer the OP's question, my answer will be and always be bitcoin.

@Pandu Geddon
Prediction will also be prediction and in other words, it is said to be guessing the market's next possible trend and this is the reason why some people consider trading as gambling while investors advise to always invest the amount people can afford to lose. However, every long-time investment done in Bitcoin is always the best.

Predictions are just guesses to get close to the price and no one can predict the exact price so the analysis they need is just to get close but in this way we can see the movement in the analysis, I think this is important in a trade, for investment they are clearly different only can buy below and sell high so long term it won't be complicated for an analysis.

And all of it are pure mere speculations, it may be true or not but in most cases, these speculations doesn't really guarantee that it will happen in the near future. Even the so-called experts and the ones who got some analysis cannot predict it. But it's good to have prediction because in that way, we're also getting ourselves ready although, as I said, most of these predictions aren't really likely.

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December 19, 2022, 07:59:03 PM
 #186

Bitcoin is the best option if we want to have a safe investment, I do not rule out altcoins, they are gold mines when they decide to give us the furt we need, but we must be very transparent, with everything that is happening in the world and if we can buying Bitcoin instead of altcoins is much better and it is the smartest decision we can make, there are some investors that I have seen in the altcoins threads and they write very interesting things and thoughts and can teach a lot about the investment of these currencies, but Some of the things they say don't finish convincing me because they seem very ordered to do to earn rewards.

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December 20, 2022, 09:10:32 AM
 #187

@yudi09 99.9% of all the supporters of altcoin that had a strong community have more enthusiasm for Bitcoin and the safest investment in cryptocurrency will always be Bitcoin.
I acknowledge this percentage that you said.
If we make a survey in the field, we can call that percentage accurate. Those Altcoin supporters who have a strong community are hampered because Bitcoin is more expensive than the price of Altcoin behind their enthusiasm.
Therefore when the OP makes a choice with the same finances to decide which one we will choose between Bitcoin and Altcoin.
For me this topic is an interesting case study.

 
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December 20, 2022, 01:02:20 PM
Last edit: December 20, 2022, 01:14:40 PM by MarjorieZimmermanGinger
 #188

It's clear that Bitcoin is the best among other cryptos. But when the capital to buy Bitcoin can only be in decimal amounts, then therein lies the choice. Whether Bitcoin in decimal amounts or Altcoin in amounts of 1.
In this case, the best scenario suggestion in my opinion is almost the same as Pandu Geddon's view. Just collect the amount of Bitcoin little by little with the foundation of its value because any amount of Bitcoin will not change its value in the future.
Personally I invest small amount of bitcoin in the beginning, because I don't have big capital to take a certain period, 2019 is the beginning of my journey in bitcoin, then I start small and buy gradually. Currently, the strength of the investment that I have made has reached more than two years in bitcoin, where I see several market conditions that occur, corrections and recoveries always amaze and surprise me. But what I understand bitcoin is able to maintain value and is a promising investment in the long term.

That's why I prefer bitcoin over altcoins, even though what Pandu Geddon said can also be used by people who want to invest in altcoins, but most importantly the chosen altcoin has the strength to survive.

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December 20, 2022, 02:09:57 PM
 #189

after seeing how altcoins have decreased so much. if bitcoin goes down 1% then altcoins can go down 5-10% or even more.
by seeing this I've decided to only invest long term in Bitcoin. even though I don't even have 1, I still choose bitcoin and will continue to collect it.

however I do not deny that I hold a small number of altcoins. it's just a bit of speculation I'm doing for fun and only to hold short term.

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December 20, 2022, 03:34:12 PM
 #190

@yudi09 99.9% of all the supporters of altcoin that had a strong community have more enthusiasm for Bitcoin and the safest investment in cryptocurrency will always be Bitcoin.
The altcoin support community is just a group of people who want to make profits in the short term but despite all that a bigger risk awaits altcoins are usually difficult to recover and this is completely different from bitcoin, I think I have avoided altcoins.

You got a point, but we also cannot generalize all altcoins and saying that they are usually difficult when it comes to recovering phase because not all altcoins does have the same situation. And to answer the OP's question, my answer will be and always be bitcoin.
You guys both have points because we have a case where people seeking more opportunities of earning in the cryptocurrency market were the reason why they invested in the altcoins market. However, when we also talk about altcoin there is some altcoin that was created for the advancement of the dream Satoshi had when he created BTC, and going for this altcoin can be profitable.

@Pandu Geddon
Prediction will also be prediction and in other words, it is said to be guessing the market's next possible trend and this is the reason why some people consider trading as gambling while investors advise to always invest the amount people can afford to lose. However, every long-time investment done in Bitcoin is always the best.

Predictions are just guesses to get close to the price and no one can predict the exact price so the analysis they need is just to get close but in this way we can see the movement in the analysis, I think this is important in a trade, for investment they are clearly different only can buy below and sell high so long term it won't be complicated for an analysis.

And all of it are pure mere speculations, it may be true or not but in most cases, these speculations doesn't really guarantee that it will happen in the near future. Even the so-called experts and the ones who got some analysis cannot predict it. But it's good to have prediction because in that way, we're also getting ourselves ready although, as I said, most of these predictions aren't really likely.
@salad daging
Predictions are just guessing the market's next possible trend but cryptocurrency investment is more than just buying low and selling high. Besides, this is the impression of almost all investors that are swimming in losses today.
@Japinat
There's no expert when it comes to cryptocurrency prediction, the market is broad and people learn every day. What matters most is the knowledge and the genuine link to the whales/humpback investors selling decision. This is what most of the people you called experts had.

@yudi09 99.9% of all the supporters of altcoin that had a strong community have more enthusiasm for Bitcoin and the safest investment in cryptocurrency will always be Bitcoin.
I acknowledge this percentage that you said.
If we make a survey in the field, we can call that percentage accurate. Those Altcoin supporters who have a strong community are hampered because Bitcoin is more expensive than the price of Altcoin behind their enthusiasm.
Therefore when the OP makes a choice with the same finances to decide which one we will choose between Bitcoin and Altcoin.
For me this topic is an interesting case study.
You have a point. However, I consider people that are hampered because of the high price of Bitcoin as naive investors because Rome is not built in a day, and there's a chance for them to DCA  their investment in BTC before they know they will a whole BTC which is always a goal of every crypto investor.

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December 20, 2022, 03:50:17 PM
 #191

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'm strong believer of Bitcoin but in this case I will consider if the person wants to hodl for a long period of time or for only a short period of time and if the former is the case then I will advice the person to go for Bitcoin as it is much more better to go for Bitcoin in long term investment than altcoins. Most altcoins fail to get to their all time high once their price drops and that possess an issue for long term investors.

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I'm not entirely sure why you provided that link since it doesn't have anything to do with the topic being discussed it just seems like a click bait the way you presented it makes it looks like it's related to the topic or is this another way for you to get traffic to your webpage? If it is then it's a lame method.

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December 20, 2022, 04:10:36 PM
 #192

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?

Truth be told without sentiment as OP said because if I I'm in the position to do such actions, I will rather buy an alt coin with a nice community and a better understanding of the algorithm and community behind such projects because Bitcoin which doesn't really move very fast, I will rather invest in an alt coin that will thrive faster but I will have to be very vigilant and extremely committed to checking this things out and possibly using a stop loss and a take profit indicators.

But my choice of investing in Bitcoin or alt coin will primarily be dependent on the duration of my holding of holding and if I'm holding for long, I will definitely go for Bitcoin because with it my state of mind wouldn't be so retarded.

 
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December 20, 2022, 04:48:41 PM
 #193

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 think I would prefer to invest it to BTC due to its value and volatility in the long-term strategy.

The problem with most altcoins is that its price is somehow slower to progress and develop, unlike in BTC where at least everyday, a news comes up and effects significant change. Like what most people have experienced, a single news that affects BTC could either make or break your investment overnight. So it really depends on the person on the risks that they have the shoulder.

Personally, I am willing to take that risk given that I have been reading/learning about BTC for the last five (5) years. If there is one thing that I have learned, it is always to trust the process!
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December 20, 2022, 04:53:42 PM
 #194

In the current crypto market, the value of Bitcoin is compared with the value of AltCoin. It is never possible to get that much profit by investing in altcoins, most of the altcoins are scams. However, by investing in Bitcoins one can avoid facing losses. If the Bitcoin market is down, it will surely rise again. So Bitcoin has the most investments compared to altcoins among the current cryptocurrencies and the future of Bitcoin is the brightest.
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December 20, 2022, 05:10:53 PM
Merited by fillippone (2)
 #195

In the current crypto market, the value of Bitcoin is compared with the value of AltCoin. It is never possible to get that much profit by investing in altcoins, most of the altcoins are scams. However, by investing in Bitcoins one can avoid facing losses. If the Bitcoin market is down, it will surely rise again. So Bitcoin has the most investments compared to altcoins among the current cryptocurrencies and the future of Bitcoin is the brightest.
Yes, of course, because that's how the market moves and travels, associated with the crtpyocurrency market, this is no longer something we usually see because the graph of the cryptocurrency market, especially Bitcoin, will indeed change every minute, because Bitcoin plays a major role in determining value. / other Altcoin prices, from here I conclude that even though the market price or market value is currently a downward market trend, I think Bitcoin is the right choice in terms of investing.

Not that I say Altcoins are not good, in fact there are several Altcoins that I think are watching, and I think these are some of the best Altcoins according to what I value, including BNB and Ethereum which I choose here, but basically I prefer Bitcoin In terms of this, because it is very reliable in the near future and in the long term.

Actually this depends on us, but there is a little suggestion from me if you want to try it for Altcoins, you better buy one of the Altcoins that I mentioned above, either BNB or Ethereum or both this will be better and maybe there are some other Altcoins a good one might just be the top 10 Altcoins.

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December 20, 2022, 05:15:50 PM
 #196

It's Bitcoin at the top but if you can you can still get them both Bitcoin and Altcoins

Using Bitcoin for Longer purposes and holding for Longer holdings it will serve for a longer time when Bitcoin gets stable

Altcoins are also good for making profits, but how long can you put your trust in them. Altcoins are mainly for profit making.
St the end what matters is how you store them, if in exchnages sorry it is all but gone. Self Custody.

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Bazzu
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December 21, 2022, 12:10:15 AM
 #197

In the current crypto market, the value of Bitcoin is compared with the value of AltCoin. It is never possible to get that much profit by investing in altcoins, most of the altcoins are scams. However, by investing in Bitcoins one can avoid facing losses. If the Bitcoin market is down, it will surely rise again. So Bitcoin has the most investments compared to altcoins among the current cryptocurrencies and the future of Bitcoin is the brightest.

I agree with your opinion ... yes indeed bitcoin is the most appropriate to be used as an investment vehicle. indeed most people invest in both bitcoin and altcoins. but of course we have to love our money, don't let our money run out because of investing in altcoins. and I see now that bitcoin trading volume is getting better. and in my opinion now many people are starting to give up investing in altcoins because many people have become victims of investing in altcoins.

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lepbagong
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December 21, 2022, 02:09:16 AM
 #198

In the current crypto market, the value of Bitcoin is compared with the value of AltCoin. It is never possible to get that much profit by investing in altcoins, most of the altcoins are scams. However, by investing in Bitcoins one can avoid facing losses. If the Bitcoin market is down, it will surely rise again. So Bitcoin has the most investments compared to altcoins among the current cryptocurrencies and the future of Bitcoin is the brightest.
totally agree with you buddy, altcoins indeed for the price maybe we can count on it if we want to invest there, but like you said altcoins are very vulnerable to fraud and it's difficult to avoid it at this time. bitcoin is indeed the best and will continue to be the best for investment even though the price may be quite high but we can make purchases with the smallest nominal we can make and continue to save it until the time when the bitcoin price has increased again.

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December 21, 2022, 04:05:02 AM
 #199

after seeing how altcoins have decreased so much. if bitcoin goes down 1% then altcoins can go down 5-10% or even more.
by seeing this I've decided to only invest long term in Bitcoin. even though I don't even have 1, I still choose bitcoin and will continue to collect it.

however I do not deny that I hold a small number of altcoins. it's just a bit of speculation I'm doing for fun and only to hold short term.

I agree with everyone that bitcoin is the best choice even though bitcoin price has become very high and growth potential is smaller and smaller compared to other altcoins. But like you, there is no denying that all altcoins are useless, there are still many altcoins that are worth investing in and give us good returns, I also hold some altcoins but only a small part of my portfolio.

My advice, those who don't like risk and don't have too much experience should only invest in bitcoin. And for those who take risks and are confident in their knowledge, they can invest a bit in altcoins.

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December 21, 2022, 01:18:39 PM
 #200

It's Bitcoin at the top but if you can you can still get them both Bitcoin and Altcoins

Using Bitcoin for Longer purposes and holding for Longer holdings it will serve for a longer time when Bitcoin gets stable

Altcoins are also good for making profits, but how long can you put your trust in them. Altcoins are mainly for profit making.
St the end what matters is how you store them, if in exchnages sorry it is all but gone. Self Custody.

But all of these have the same impact I think about what you invest you can see Bitcoin has a bad price and don't know when it will continue to grow. but if you have funds that you can save, you should buy a large amount of Bitcoin and leave it for the next 10 years.

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