invest in bitcoin or altcoin?

[Raceonsucced]

Hi, I'm newbie in this forum.
I recently found out about bitcoin from my friend. Then I am interested in investing. But after I found out, that coins are not just bitcoin but there are also coins (altcoins).

I'm confused, should I invest in bitcoin or other coins? In my friend's opinion, he suggested investing in bitcoin. But what do you think, is it better to invest in bitcoin or other coins?

[Upgrade00]

I share your friends opinion; Bitcoin is a much better investment than the most decent bunch of altcoins (which is barely a handful).
Over 95% of coins out there are shitty rehashes of the exact same idea, with no real world value or utility. Not worth a penny.Do not take I or your friend's word for it, do your own research on Bitcoin; utilities and qualities that sets it apart from the other coins.

[_act_]

Invest in both, you can invest 70% on bitcoin while the remaining 30% on altcoins, consider altcoins to be gambling, make more research and find yourself good coins to invest. But do not be disappointed of you see the altcoin you invested on not to have expected result, or it may increase more. No one truly get only one crypto, but you can invest most on the dominate one which is bitcoin.

[Fara Chan]

I'm confused, should I invest in bitcoin or other coins? In my friend's opinion, he suggested investing in bitcoin. But what do you think, is it better to invest in bitcoin or other coins?

The main choice in terms of investing, it is very popular to invest in Bitcoin, but in Altcoins you can also do by paying attention to Altcoins with good popularity, you can also invest in both, split between 70% and 30%, 70% for Bitcoin and the rest for Altcoins.
The main advice is, of course, it is more appropriate to fully invest in Bitcoin, and pay attention to Bitcoin Charts. There are great opportunities to invest, but if you want to have several Crypto Assets, you can choose to invest in Altcoins most of your funds.

currently our choice apart from Bitcoin, we prefer Ethereum and bnb from some good Top Altcoins, maybe you can follow these tips if you want to invest in both Crypto categories, and use a percentage between 70-30 %, Bitcoin is a large percentage, and save the rest to Altcoin.

[Awaklara]

it all depends on your abilities. if you have a sizable amount to invest, you can go in to invest in a large number of Bitcoins and some of the market potential altcoins.
but if you plan to invest in stages, it means that maybe you have limited investment capital for each certain period. I suggest just focusing on collecting more Bitcoins in the long term. with little by little, you accumulate Bitcoin, you will not realize that you have accumulated quite a lot in the long run. and you can enjoy it when your target is reached.

[leonair]

Investing in Bitcoin is safer than Altcoins. But altcoins are able to give faster profits than Bitcoin, on the other hand, since Bitcoin is a valuable coin, it is not possible for everyone to buy a whole Bitcoin, so it is not possible to make high-quality profits quickly from here. however, since the value of altcoin is low, it quickly pumps up high quality and even with a small amount of investment, it is possible to get big profits quickly from here. But also there is high risk because there are huge amount of altcoins in the market so it is very difficult to predict which one is the most likely coin.  And altcoins have a long history of being scams.  So investing in altcoins can unfortunately result in you losing your entire investment.  Which is almost impossible with Bitcoin

[Peanutswar]

Welcome to the community actually those are both good investment but take care with the altcoins you are trying to invest with because those are centralized and just followers with the bitcoin price movement, for sure other members will told you the bitcoin is the safe thing to invest well that's true but due to tons of investor with the bitcoin I guess still a safe investment but the price of profit well depends on the bitcoin do you hold, so quite not too much profitable but as a part of the safe, but in altcoins you can get an instant profit due to price movement or having a good project like early reason to have a good profit, not all altcoins give this chance.

[ajiz138]

Bitcoin is the best investment than altcoins which often fall a lot and don't return to their original price, your friend's opinion is right to recommend to a beginner.

You have to understand and learn that investing in crypto is a high risk, so you have to be prepared to take your own responsibility if you experience a loss at an inappropriate time, meaning that investing in bitcoin must be long-term to achieve greater profits.
Or maybe you can do both by dividing what percentage you will invest between bitcoin and altcoins, look for higher potential altcoins by having large capitalists I think it will be better than new altcoins.

But in my principle Bitcoin is much better than altcoins to invest in.

[NeuroticFish]

I'm confused, should I invest in bitcoin or other coins?

In my experience the number of altcoins that worth it on long and very long term is almost 0 (compared to bitcoin!).
Also, especially as you are newbie and bitcoin is also not easy to master, I think that you better start with bitcoin alone and, in some 2-4 years you can maybe think on altcoins this the gathered experience.
With Bitcoin too you have to pay attention where you buy the coins from and how you keep them safely (if you are not technically inclined, then investing into a hardware wallet should be one early step).

Keep in mind that you should not invest money you don't afford to lose.

[drwhobox]

Altcoin is risky investment compared to bitcoin. Don't go for altcoin if you have a tight budget for investing on crypto, go for bitcoin and hold it for a long time.
Keep an eye on the market if you want to participate in altcoins later and do your own research about the coins you want to invest.
Your friend is right about suggesting you to invest in bitcoin.

[pooya87]

You should not invest in either one. You should use bitcoin which is the only decentralized currency in existence and only trade altcoins if you can afford taking huge risks in a manipulated market since altcoins have no real world applications.

[jeraldskie11]

Hi, I'm newbie in this forum.
I recently found out about bitcoin from my friend. Then I am interested in investing. But after I found out, that coins are not just bitcoin but there are also coins (altcoins).

I'm confused, should I invest in bitcoin or other coins? In my friend's opinion, he suggested investing in bitcoin. But what do you think, is it better to invest in bitcoin or other coins?

There's a difference in Bitcoin and altcoins. Bitcoin has less volatility compare to Altcoins. So in terms of risks, altcoins has the higher risk. You should invest only in Bitcoin if you are very scared of losing money. In Alts, it's very dangerous to invest in a coin without checking their site because there are so many scam coins. However, Altcoins are highly rewarding than Bitcoin, it can multiply your money in a short time.

If you want to invest some in Altcoins, I suggest you to invest in top 10 alts in coinmarketcap, such as:

1. Eth
2. Bnb
3. Xrp
4. ADA
5. Doge
6 Matic (and more)

[Crypto-DesignService]

Not directly telling you to invest in Bitcoin but some aspects that Bitcoin is way better than altcoins is because

-widely use of Bitcoin by huge service companies
-can survive a bear market - while many altcoins die(value and the market cap goes to zero) during bear season, Bitcoin has proven and is likely to survive another bear market as seen in the past.
-highly unlikely to go zero - unlike bitcoin you're still unsure even if an altcoin reaches the top10 list because it's still possible to reach a zero value (LUNA as example)

The only advantage of altcoin is its value may go up to 10000% unlike Bitcoin where it's starting to stabilize because more and more people are into it. But that would be a gamble because you're more likely to get scammed than picking an altcoin that will have that value since you're picking from 1/10000 altcoins.

[Maestro75]

Bitcoin is just one but altcoins are several other coins. It shows how strong bitcoin can be in terms of investment assurance. Your friend is right for you to invest in bitcoin as a starter. Maybe later on after you have navigated the industry you can then begin to make a different choice based on the knowledge of investment you have acquired. But for now you should stick to bitcoin alone.

You should not invest in either one.

I do not understand what you mean here. We should not invest in any, as in we should not buy any and hold?

[mk4]

Not the answer you're looking for — but even if people here are going to tell you to buy bitcoin, invest in neither of you're not willing to do the work to find out yourself.

[LogitechMouse]

I recently found out about bitcoin from my friend. Then I am interested in investing. But after I found out, that coins are not just bitcoin but there are also coins (altcoins).

I'm confused, should I invest in bitcoin or other coins? In my friend's opinion, he suggested investing in bitcoin. But what do you think, is it better to invest in bitcoin or other coins?

Hello welcome.
You're confused? You're a newbie? I have one suggestion to you.

Instead of making yourself confused into which coin you wanna invest your money with, maybe it would be better if you will invest in yourself first. Try to learn first at least the basics and don't be like the 95% of the investors out there who are just throwing their money, wanted to invest hoping that their money will grow without doing nothing and not knowing the risks of it. You're a newbie so the risk of you getting scammed is higher. Try to learn first at least.

You should not invest in either one.

I do not understand what you mean here. We should not invest in any, as in we should not buy any and hold?

What he means is that "you should not invest in either one because you don't know anything about it".

Like I said above, learning is the first step in investment. Buy and hold? Without knowing the possible risks at all? I agree with what he said here that OP shouldn't invest in either one because he doesn't know either one of them. Don't tell a newcomer to just buy and hold without any knowledge at all or else, he might lose his money because of wrong decisions.

[Awan putih yang cantik]

I think you have to do your own research by continuing to learn and of course asking lots of people who know about crypto, and joining you in this forum is a good decision.
 in my opinion, choose bitcoin, if you already know the knowledge, then you can try investing in it
altcoins, but in my opinion investing in altcoins is indeed a high risk.
so even if you invest in altcoins, don't invest all your money in altcoins, the most you can invest for altcoins is just a small part, yes, around 25%.

[armanda90]

Confused about which one better for investing between Bitcoin or altcoin? I think spent with your portfolio for both where spent 50% for Bitcoin and left from your saving invest in Altcoin. Its seems good ideas because you can take profit with altcoin or bitcoin investment but keep waiting for investing when price drop.

For altcoin maybe I can recommended with Litecoin, Binance coin and Ethereum, another altcoin are potential but I don't really recommended due high risk later when price going dump.

[KiaKia]

I have no problem with altcoins but Bitcoin is much a safer bet for newbies that's why your friend told you to go for Bitcoin instead, altcoins have higher ROI than Bitcoin but more risky, you can easily lose a lot of money investing on altcoins, you can also make a ton of money investing on altcoins so thread carefully friend, stick with Bitcoin for now and look into why altcoins make sense or not, some altcoins are so damn good and useful like Polkadot but you need to learn more about what you are getting into.

[Raceonsucced]

I recently found out about bitcoin from my friend. Then I am interested in investing. But after I found out, that coins are not just bitcoin but there are also coins (altcoins).

I'm confused, should I invest in bitcoin or other coins? In my friend's opinion, he suggested investing in bitcoin. But what do you think, is it better to invest in bitcoin or other coins?

Hello welcome.
You're confused? You're a newbie? I have one suggestion to you.

Instead of making yourself confused into which coin you wanna invest your money with, maybe it would be better if you will invest in yourself first. Try to learn first at least the basics and don't be like the 95% of the investors out there who are just throwing their money, wanted to invest hoping that their money will grow without doing nothing and not knowing the risks of it. You're a newbie so the risk of you getting scammed is higher. Try to learn first at least.

You should not invest in either one.

I do not understand what you mean here. We should not invest in any, as in we should not buy any and hold?

What he means is that "you should not invest in either one because you don't know anything about it".

Like I said above, learning is the first step in investment. Buy and hold? Without knowing the possible risks at all? I agree with what he said here that OP shouldn't invest in either one because he doesn't know either one of them. Don't tell a newcomer to just buy and hold without any knowledge at all or else, he might lose his money because of wrong decisions.

thanks for the advice you guys gave. and yes, maybe I should learn more about bitcoin and altcoins first. I'm also worried that I will be too greedy and end up investing and end up losing.