Investing in altcoins is a hedge over Bitcoin how true is this?

[Promocodeudo]

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

[Mate2237]

Op it bitcoin that sustain all other altcoins so if bitcoin fall today no altcoins will survive. Why because they will all are the same people. That will the language for human being but so far so good, as the long run of bitcoin in the 14th anniversary in the ecosystem of the blockchain. And the crash of bitcoin and s not practical expected as you put it. It is only you the user of bitcoin can crash out and not bitcoin. Whenever you are tire of the system you are liable to leave and that is you crash out and whenever you have money you can come back again.

[Gallar]

What makes people think that if Bitcoin crash other coins won't follow,

Another coin is in this crypto asset, because it was pioneered by the presence of bitcoin in this world. Therefore now bitcoin remains the best, most qualified, and most in demand, compared to other altcoins. Then if only bitcoin falls down, will other coins fall too. If you look at it from all aspects, I think other coins will definitely fall too. Because if bitcoin falls to the bottom, it is certain that crypto investors will lose confidence in crypto assets. Therefore other coins will also be carried away by this. But that doesn't mean that other altcoins will be completely destroyed and crypto will disappear. But it is certain that the number of people investing and trading in crypto will decrease dramatically. So what is certain is that if bitcoin is destroyed, it is very likely that the crypto world will also slump and it will definitely take a long time to get back up. Because it cannot be denied, bitcoin is the essence of the deepest and most comprehensive cryptocurrency.

[Ojima-ojo]

One of the primary features that bitcoin have sustained for long is its stability and continuity and this is what altcoin doesn't have and that stability is what makes bitcoin to be the main chain that propels the entire cryptocurrency market and also to say that Bitcoin is a first and main coin in the entire industry make other coins to depend hugely On it market outlook to determine their price.


Some take the hype in the altcoin market to mean popularity and usability that is sustainable, but then time have exposed a lot of secrets and most of them don't last long before fading off the market.

[Nwada001]

I don't know what gives those people the mind to think so, maybe because they are the creators of all crypto currencies. . Joke apart. 
But in as much as we all believe in Bitcoin, the reason is that it has gained our trust more than all other digital currencies because of its true decentralization, and it's also being addressed as the father of all crypto currencies. If Bitcoin breaks down now, like you have said, there is a lot of possibility that every other crypto will fall. This is because a lot of people will lose faith in Bitcoin, and you know what will happen to the entire crypto market: it will be enough to break down the entire market system.

But to some point, I still think most cryptos will struggle to survive because their prices are not really backed by Bitcoin, and the price of Bitcoin only influences it a little. So such coins will try so hard to stand out and take the place of Bitcoin, but trust will never be there; a trust broken is hard to rebuild.
Those are just mere assumptions, which might definitely not come to reality, even if not this century.

[Promocodeudo]

What makes people think that if Bitcoin crash other coins won't follow,

Another coin is in this crypto asset, because it was pioneered by the presence of bitcoin in this world. Therefore now bitcoin remains the best, most qualified, and most in demand, compared to other altcoins. Then if only bitcoin falls down, will other coins fall too. If you look at it from all aspects, I think other coins will definitely fall too. Because if bitcoin falls to the bottom, it is certain that crypto investors will lose confidence in crypto assets. Therefore other coins will also be carried away by this. But that doesn't mean that other altcoins will be completely destroyed and crypto will disappear. But it is certain that the number of people investing and trading in crypto will decrease dramatically. So what is certain is that if bitcoin is destroyed, it is very likely that the crypto world will also slump and it will definitely take a long time to get back up. Because it cannot be denied, bitcoin is the essence of the deepest and most comprehensive cryptocurrency.

Bitcoin Remains the best and always will it be, this coin controls other coin thats why whenever it drops in price some investor that understand it will buy more because they know that it has come to stay and the indistructive native made it so, somany people see this currency in different perspective, just imagine a currency thats not printed anywhere with this level of value and pronouncement, if finally made handy that's to say it will bum more than any other Fiat currency, don't you think that's why Government of different countries don't want to adopt it as a legal tender because the see it as a threat to thei individual wealth, this currency is not controlled by one person it is the collective decision of individuals approved by the system that continue to make this currency a success.

[adaseb]

I think investing in Alts is more of a leverage of investing in Bitcoin. Basically Bitcoin won’t do a 100x ever. However some alt coins can. So if you are 100% that the Bitcoin bull run has started you are better off owning alts because they will go up multiples times compared to Bitcoin itself.

The same is true in reverse. During a bear market Bitcoin will lose maybe 80% but alts can lose 99% and then lose another 99% and become worthless.

[MAAManda]

I think investing in Alts is more of a leverage of investing in Bitcoin. Basically Bitcoin won’t do a 100x ever. However some alt coins can. So if you are 100% that the Bitcoin bull run has started you are better off owning alts because they will go up multiples times compared to Bitcoin itself.

I agree with you, investing in altcoins is more profitable than Bitcoin if a bullrun occurs, but do we know exactly when a bullrun will occur? the answer is "No". Therefore, Bitcoin is the only safe haven commodity that's better invested in than altcoins. High risk will result in high losses/profits too, so, be wise in buying coins/tokens in crypto.

[Smitty Werben Man Jensen]

I think investing in Alts is more of a leverage of investing in Bitcoin. Basically Bitcoin won’t do a 100x ever. However some alt coins can. So if you are 100% that the Bitcoin bull run has started you are better off owning alts because they will go up multiples times compared to Bitcoin itself.

I agree with you, investing in altcoins is more profitable than Bitcoin if a bullrun occurs, but do we know exactly when a bullrun will occur? the answer is "No". Therefore, Bitcoin is the only safe haven commodity that's better invested in than altcoins. High risk will result in high losses/profits too, so, be wise in buying coins/tokens in crypto.

It's true Bitcoin is a safe investment and it's beyond doubt and long term it's well worth it,
for altcoins we need to choose correctly and of course always do research before buying,
as much as possible to minimize risk.

[fat buddah]

Most altcoins just follow Bitcoin, but has a lot more risk. I don't think they can be a hedge over Bitcoin, it can be only the other way around.

[jossiel]

If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

There is no other movement for the market aside from that two, it's actually either bullish or bearish and no other than that.

You choose your own self phase of investing on this market. If you think that you don't need Bitcoin on your stash, think again or be firm with that thought of yours.

But if you think that there's a need for you to have at least a bit of it then do it. Most of the Bitcoin maxis don't look at the need of having an altcoin and there goes the bullish folks in Bitcoin but understands that there's a need to diversify even for a bit with some good altcoins.

[yazher]

One of the primary features that bitcoin have sustained for long is its stability and continuity and this is what altcoin doesn't have and that stability is what makes bitcoin to be the main chain that propels the entire cryptocurrency market and also to say that Bitcoin is a first and main coin in the entire industry make other coins to depend hugely On it market outlook to determine their price.


Some take the hype in the altcoin market to mean popularity and usability that is sustainable, but then time have exposed a lot of secrets and most of them don't last long before fading off the market.

At the end of the day, Altcoins will be just an altcoin and if no more support from its investors or updates from its owner or any development, it will surely just turn to shitcoins there is no doubt about it because we witnessed such an event throughout the time and the developers are fast to create new altcoins than they improve or develop their project. History always repeats itself and they always do that because they know there are lots of newbie investors waiting to invest in new projects. If only there will be no investors who buy such altcoins before they prove themselves to be legit, the number of newly created altcoins will be greatly subsided but in reality that's not the case right now.

[vv181]

note BTC no longer advertise itself but it's high demand rate and value does.

As far as I'm aware of there are no entities that dare to advertise in the name of Bitcoin, most people or entity simply just advocates Bitcoin. Currently, bitcoin awareness and exposure mainly did not come from its demand and value, some also support the use case.

This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it.

The growth rate is not a major problem, there is an inherent and intrinsic value like what are the expenses to produce bitcoins. If the demand is still there, it won't be a problem.

[cryptoaddictchie]

Not really. Bitcoin is the number 1 marketcap and has been paired too on other altcoins so if in any case bitcoin goes down a lot of projects in alts will be affected that much maybe except to those that dont have pairing on bitcoin since its an independent one but due to market it still being dragged too so Its still dangerous. Alts has more chance to moon but also subject to a heavy loss too compared to bitcoin.

[Doan9269]

What makes people think that if Bitcoin crash other coins won't follow

Bitcoin will not crash for bow and if the worst ever happened then expect that altcoins would have not been in existabce over a long time before the crash, bitcoin is what other cryptocurrencies depends on, it's the leading cryptocurrency and the only decentralized digital coin.

it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity

Once bitcoin fall a little, other cryptocurrencies fall heavily, in which it has always been the norms over time and same applies to when it rises as well, when bitcoin go dip is not a time to begin to fear about the currency, but a moment to take it believing that after every fall comes a rising.

[Wexnident]

I don't think people don't expect alts to follow when Bitcoin crashes, more like there's more room for profit in altcoins than Bitcoin. We may say that the crypto market is highly volatile, but Bitcoin isn't really that volatile compared to what it was in the past, or what other altcoins can grow into. A 1000% chance of growth is something pretty unrealistic that we'd probably never get to see again in the Bitcoin market, but it isn't exactly impossible with alts, with how some meme coins are even able to get said numbers.

I also highly doubt we'd ever see investors grow doubtful of crypto, since by the time that that's possible, it would've grown to what it was actually intended to be, a currency.

[Doan9269]

I don't think people don't expect alts to follow when Bitcoin crashes, more like there's more room for profit in altcoins than Bitcoin.

Altcoins are nothing than projects full of illusions that people take higher risk to achieve something profitable from while the chances for earnings this income are very low and the risk very high, no ome will in his right state of mimd assume bitcoin to crash since it's an acceptable means of making payments for goods and services, just that it's a decentralized digital currency, which still means other cryptocurrencies may fail but bitcoin will remain.

We may say that the crypto market is highly volatile, but Bitcoin isn't really that volatile compared to what it was in the past, or what other altcoins can grow into

Cryptocurrencies in general are very volatile and unpredictable, but the altcoins are more very volatile than expected because they easily effect any chances, if bitcoin go dip a little other cryptocurrencies fall heavily, same thing occurs the opposite direction, but bitcoin always take the lead and more reliable to take for an investment because you won't be scammed and it value will always appreciate.

[zonefloor]

this is entirely due to the fact that the first crypto money was bitcoin and it was the beginning of crypto money technology. For this reason, if things go wrong by bitcoin, the crypto money industry will take a serious hit and there may be no such thing as the crypto money market. Because he is the pioneer. But since people trade based on bitcoin movements and trust bitcoin, I don't think such a situation can happen. The market is completely dependent on bitcoin movements. Although I think that a bad scenario for Bitcoin can only happen if there are serious bans by the states, I do not think that it will be seriously hit even in such a case.

[Games.Bitcoin]

This statement is not true that alt investing on Bitcoin is a hedge. However, the fact that all altcoins are sustained depends on Bitcoin investment. If bitcoin falls no altcoin will survive. But investing in altcoins can be more profitable than investing in Bitcoin. Bitcoin cannot be leveraged 100x. This can cause serious problems in the market. Alt coins will go up a lot if Bitcoin bull runs.

Similarly, during a bear market Bitcoin and altcoin 60% and 99% can be lost or many altcoins become worthless.     

[avikz]

What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.

Surely it's a hedge but a bad one! You agree or not, but when Bitcoin drives down, the entire market follows the same trend. So using altcoins as a hedge to Bitcoin is a bad choice which will surely bring financial disaster.

If you really want to hedge, buy gold. It will not give you a huge amount of return but it will surely protect your capital. Gold can be a good hedge for the economic downturn as well without any doubt. Look at its historical data.