BTC or altcoin

[darewaller]

while it is safer for Bitcoin to be the choice yet? altcoin shows bigger opportunity for short term investing But the problem is which to choose and how long will it take?
there are several occassion that  I do the same strategy buying bitcoin but also buying altcoins for other option.
and  this is what have been called diversification .

Indeed, when talking about short-term investments, of course altcoins are still a reasonable choice,
make sure we need to do research before determining which altcoin we invest in,
occasionally it is important to carry out a diversification strategy.

It's hard to make some sort of profit on bitcoin when we are talking about just a few months, it is possible with like leverage or so but it's really hard. On the other hand, if we are talking about making profit based on just altcoins then it would be very hard to keep them for too long as well, it would mean that we are required to keep it while that altcoin not crashing during that period or turn out to be a scam or a shady thing or hacked etc etc.

I agree that for short term max 2 months it's better to have altcoins, and if we are talking about 3 months or longer than it would be wiser to hold bitcoin. That's the difference between those two, but I could add ETH to the long term as well.

[peter0425]

there's reason why so many big investment firm and companies are having their big share of investments in btc and not in alts because they know it's relatively safe investment and could still gives good ROI.
the thing is, with alts even though sometimes the ROI is indeed multiple folds of btc, but it also carries risk, you could judge if you happened to hold coins like luna and ftt i'm sure by now you're already broke but if you hold btc its just losing some fraction of its value.

while it is safer for Bitcoin to be the choice yet? altcoin shows bigger opportunity for short term investing But the problem is which to choose and how long will it take?
there are several occassion that  I do the same strategy buying bitcoin but also buying altcoins for other option.
and  this is what have been called diversification .

Indeed, when talking about short-term investments, of course altcoins are still a reasonable choice,
make sure we need to do research before determining which altcoin we invest in,
occasionally it is important to carry out a diversification strategy.

completely wrong , Diversification does not have to be occasionally but each time mate , we must have many coin that single investment and this has been proven for how many years now? though determining the coins to keep hold  is the harder part but diversifying is what investors in our time now must have and trust me you will also love having those in daily basis.

[noormcs5]

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

Long term I would suggest going with bitcoin as there is less pump and dump schemes like we usually see with altcoins, but on the contrary general performance shows there is always an altcoin out performing btc and the million dollar question is which altcoin to catch which will bring these big numbers.

I think majority here will advise you to just buy BTC and then hold.

Going with btc is playing it safe, to maximize one's investment potential one has to venture into altcoin investments as they are profitable to despite them mostly riding the bitcoin wave.

I will be interested in accumulating bitcoin and also good altcoins. I understand that bitcoin is the most safest investment but when I see the returns in the altcoins I just can't control myself or resist myself not to buy the altcoins.

To keep myself secure and protected I will definitely follow the money management where I buy more bitcoins while allocate some part of my portfolio in top 10 altcoins.

[uneng]

there's reason why so many big investment firm and companies are having their big share of investments in btc and not in alts because they know it's relatively safe investment and could still gives good ROI.
the thing is, with alts even though sometimes the ROI is indeed multiple folds of btc, but it also carries risk, you could judge if you happened to hold coins like luna and ftt i'm sure by now you're already broke but if you hold btc its just losing some fraction of its value.

while it is safer for Bitcoin to be the choice yet? altcoin shows bigger opportunity for short term investing But the problem is which to choose and how long will it take?
there are several occassion that  I do the same strategy buying bitcoin but also buying altcoins for other option.
and  this is what have been called diversification .

Indeed, when talking about short-term investments, of course altcoins are still a reasonable choice,
make sure we need to do research before determining which altcoin we invest in,
occasionally it is important to carry out a diversification strategy.

completely wrong , Diversification does not have to be occasionally but each time mate , we must have many coin that single investment and this has been proven for how many years now? though determining the coins to keep hold  is the harder part but diversifying is what investors in our time now must have and trust me you will also love having those in daily basis.

In crypto it doesn't make much difference diversifying the portfolio among different currencies, because all of them are affected by bitcoin's fluctations after all. If btc pumps, altcoins also pump and if bitcoin dumps, altcoins simply dump as well. A diversified crypto portfolio would be interesting if altcoins had independent life. The only advantage of holding different cryptocurrencies is that one of them might present superior percentage appreciation, so you are highly benefited if you hold a decent number of those tokens. But that is a kind of lottery anyway.

[blockman]

completely wrong , Diversification does not have to be occasionally but each time mate , we must have many coin that single investment and this has been proven for how many years now? though determining the coins to keep hold  is the harder part but diversifying is what investors in our time now must have and trust me you will also love having those in daily basis.

There are investors that have been lucky with some other altcoins and that's why they're pursuing altcoins. But there are also people that have been successful with lesser investments in altcoins and are more focused on bitcoin thus, advocate to invest in bitcoin.
That's true, choosing the altcoins to invest in is hard because you'll never know if the one you've picked is going to be good in the future. And that's the reason why we have to research first before buying it.

[Chainsmokers]

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

In my opinion, investing in Bitcoin and altcoins is still very feasible in 2023, especially if you started last year and see for sure that you have already made a profit from Bitcoin,
but for altcoins if you want to invest there, make sure you really analyze from a fundamental point of view, because altcoins are really very prone to being scammed,
there have been lots of cases like FTT, SOL, CEL and a few more coins, so be careful.

[peter0425]

completely wrong , Diversification does not have to be occasionally but each time mate , we must have many coin that single investment and this has been proven for how many years now? though determining the coins to keep hold  is the harder part but diversifying is what investors in our time now must have and trust me you will also love having those in daily basis.

There are investors that have been lucky with some other altcoins and that's why they're pursuing altcoins. But there are also people that have been successful with lesser investments in altcoins and are more focused on bitcoin thus, advocate to invest in bitcoin.

the riskiest investment in crypto are those altcoin investing , if we are not ready to lose and not really that deep in knowledge ? better try to listen to your instinct and help your money be safer , But bitcoin in majority.

That's true, choosing the altcoins to invest in is hard because you'll never know if the one you've picked is going to be good in the future. And that's the reason why we have to research first before buying it.

diversify that is the key , risk for altcoin even shitcoin but keep bitcoin in major investing .

[bitterguy28]

I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

Are you going to hodl it? If yes, then go btc, or if you wanna take a greater risk. Split your money, 50% in btc, and go altcoin with the rest. Just to keep you busy while holding your btc. You might get lucky if you found a good project and may earn more than your hodling in btc. Or just invest your 50% in top 5 or 10 altcoins if you are a bit worried.

and this is also practical way of trying to increase chance of gaining at the same time diversifying our portfolio and mostly of us? are doing all of these thing that majority of investors are here to gain while waiting like what you said.

a mature plan to settle down holding bitcoin sometimes switches to other choices because it gets stuck in a FOMO increase of 1000x which doesn't match the results. which is definitely the main bitcoin for the long term from now on and no doubt about it. allocate altcoins only 30% nascent project clear

allocating 30% is good enough for this case like what op is trying to established and yes we all serve him better option and I think he'll get better soon .

In my opinion, investing in Bitcoin and altcoins is still very feasible in 2023, especially if you started last year and see for sure that you have already made a profit from Bitcoin,

is always feasible investing with Diversification meaning combining bitcoin to altcoins(of course good altcoins).

but for altcoins if you want to invest there, make sure you really analyze from a fundamental point of view, because altcoins are really very prone to being scammed,
there have been lots of cases like FTT, SOL, CEL and a few more coins, so be careful.

Only SOL that i come to trust from these list but its yours , I may add at least XRP and ADA? those are simply but promising .

[poodle63]

I think investing in alts should be considered different investment after all investing in alts usually are short term because it's just not worth it investing for long term, moreover most of alts are like gambling anyway, but with btc it's gonna be long term ones, so basically you could invest in btc and consider it for long term basically you just let your btc grow and then you try investing in alts in effort of increasing your returns.

[n0ne]

Investment on altcoins and bitcoin needs to be done depending on the market. According to me when the altcoin market is at the downturn it is good to invest into altcoins. When there's bullish move on altcoins, the same altcoins need to be moved into bitcoin. Doing this consecutively help us increase the portfolio holding and this form of diversification have got more risk than just holding to profit when the market turns bullish.

[peter0425]

there's reason why so many big investment firm and companies are having their big share of investments in btc and not in alts because they know it's relatively safe investment and could still gives good ROI.
the thing is, with alts even though sometimes the ROI is indeed multiple folds of btc, but it also carries risk, you could judge if you happened to hold coins like luna and ftt i'm sure by now you're already broke but if you hold btc its just losing some fraction of its value.

while it is safer for Bitcoin to be the choice yet? altcoin shows bigger opportunity for short term investing But the problem is which to choose and how long will it take?
there are several occassion that  I do the same strategy buying bitcoin but also buying altcoins for other option.
and  this is what have been called diversification .

Indeed, when talking about short-term investments, of course altcoins are still a reasonable choice,
make sure we need to do research before determining which altcoin we invest in,
occasionally it is important to carry out a diversification strategy.

completely wrong , Diversification does not have to be occasionally but each time mate , we must have many coin that single investment and this has been proven for how many years now? though determining the coins to keep hold  is the harder part but diversifying is what investors in our time now must have and trust me you will also love having those in daily basis.

In crypto it doesn't make much difference diversifying the portfolio among different currencies, because all of them are affected by bitcoin's fluctations after all. If btc pumps, altcoins also pump and if bitcoin dumps, altcoins simply dump as well. A diversified crypto portfolio would be interesting if altcoins had independent life. The only advantage of holding different cryptocurrencies is that one of them might present superior percentage appreciation, so you are highly benefited if you hold a decent number of those tokens. But that is a kind of lottery anyway.

that is completely wrong ,even though those altcoins are affected by Bitcoin? but still there are some of them that maintain their position and even increase while Bitcoin is drowning so never underestimate the power of diversification because we have seen this effective for many times now unless you are putting your money in single basket then that is your choice but we are not mate.

[btc78]

.

What replacement coins would you recommend?

Nothing can replace bitcoin so consider that as majority of your holding , but also try to accumulate more of that coin and just add some altcoins like Ethereum  and of course Binance coins and some Dogecoin(though it is not that advisable to Hold meme coins but doge had proven its worth many times now.
also try to consider Ripple mate ,  because surely you'll never miss the opportunity in the coming years.

[ItsCrafty]

Each market cycle a bunch of innocent and naive newbies learn this lesson, which means each recovery cycle  Bitcoin becomes stronger (of course again enviably accompanied by alt scammers preying on the new cycle of newbies into this space).I have a set amount I invest in crypto every two weeks. Half DCAing into BTC and the other half buying whichever of the top ten did worse over that period. Staying with the BTC and currently letting the other half sit in stable coins waiting to see how this all shakes out.

[Kaliandra]

in my opinion it's better for you to choose bitcoin because bitcoin has good potential for the long term. but you can also buy altcoins, as long as you have to be able to choose good altcoins and have good potential for the future.

[monineklutak]

.

What replacement coins would you recommend?

Nothing can replace bitcoin so consider that as majority of your holding , but also try to accumulate more of that coin and just add some altcoins like Ethereum  and of course Binance coins and some Dogecoin(though it is not that advisable to Hold meme coins but doge had proven its worth many times now.
also try to consider Ripple mate ,  because surely you'll never miss the opportunity in the coming years.

Bitcoin has always been an unquestionable choice especially for long term investment it will be profitable,
actually before collecting coins the most important thing is to do research first,
sometimes people forget about it and only depend on other people's suggestions.

[Bobrox]

When facing at two choose between investing in Bitcoin or Altcoin I think based on personal opinion and depending with how much fund they have, actually for Bitcoin investor they have much fund and fewest percent Bitcoin up still enable earn profit, can't implement by trader or investor having fewest fund and Altcoin investment are their priority.

Several potential altcoin still in lower price and possibility to earn much profit due Altcoin changed in daily day more than 10% until 30% and seems impossible with Bitcoin can reached higher price in one day more than 20%. I don't said with Altcoin is the best investment but depending how much fund in my pocket.

[lalabotax]

in my opinion it's better for you to choose bitcoin because bitcoin has good potential for the long term. but you can also buy altcoins, as long as you have to be able to choose good altcoins and have good potential for the future.

Both Bitcoin and altcoins are potential for profits. Not only Bitcoin, some top altcoins are also good for the long term investment. ETH, Matic, DOT, and some other altcoins look strong enough. They have good fundamentals to grow in the future. However, always invest with money that we can afford to lose. It is because something unpredictable can happen at any time.

[JeffBrad12]

you definitely could choose both, most people who invests into bitcoin also invests in alts so that they could increase their returns, you simply allocated your small amount of money into alts and you're already have the chance of generating higher returns. It's just that simple, moreover if you already allocated most of your money in BTC, you could have the flexibility of moving over your investment in alts and doing it for short term.

[rodskee]

you definitely could choose both, most people who invests into bitcoin also invests in alts so that they could increase their returns, you simply allocated your small amount of money into alts and you're already have the chance of generating higher returns. It's just that simple, moreover if you already allocated most of your money in BTC, you could have the flexibility of moving over your investment in alts and doing it for short term.

also i don't get it why need to focus in either Bitcoin or Altcoin when the opportunity of gaining is on those both?

Bitcoin the safer and altcoins the fast moving .

I think what need to be established here is in which altcoins to put on and diversification for bitcoin will in place as well.

[lienfaye]

you definitely could choose both, most people who invests into bitcoin also invests in alts so that they could increase their returns, you simply allocated your small amount of money into alts and you're already have the chance of generating higher returns. It's just that simple, moreover if you already allocated most of your money in BTC, you could have the flexibility of moving over your investment in alts and doing it for short term.

also i don't get it why need to focus in either Bitcoin or Altcoin when the opportunity of gaining is on those both?

Bitcoin the safer and altcoins the fast moving .

I think what need to be established here is in which altcoins to put on and diversification for bitcoin will in place as well.

That's true. We don't need to stick to just one if we want to maximize our future gains with our investment. However, let's keep in mind also that investing in alts are more risky compared to investing alone in Bitcoin. Thus be aware of this fact before trying to diversify your portfolio.

Bitcoin is good for long term while alts are ideal for short term. Hence have plan and be wise as an investor to achieve your high profit goal.