Should I go with Bitcoin or Altcoins for the upcoming bull run cycle?

[jeraldskie11]

and the best advice is to never put all your eggs into one basket.

The only part of your post I disagree with is this.
Diversification in my books is when you buy "assets" that are not related to each other. Meaning if one dumped the others won't follow. We all know that this is not true about altcoins, each time bitcoin makes a move they get dumped. That makes them terrible for diversification.

Not putting all the eggs in one basket in my opinion should be investing in bitcoin then in things like gold, stocks, real estate, etc. that aren't linked to bitcoin or vice versa.

I also agree with you because crypto is not like forex. I believe with Bitcoin dominance because that is what I have seen in the market. Everytime the price of Bitcoin goes up, alts will follow. No matter how strong the currency pair is, it's still get affected especially if there's a massive dump in Bitcoin.

Aside from that, o maximize earning, diversification is the key because those high volatility alts has a potential to make its price quadruple or more. And you don't exactly know which alt is it.

[DeathAngel]

It depends what your risk tolerance is & how much capital you have to invest. For me personally I would advise bitcoin only, I was an early adopter though so I am in a different position maybe. You can make more money in certain alts but you are playing the altcoin roulette then aren’t you. You are just as likely to get rugged or something. If you buy bitcoin now you could make 5 or 6 x your money in the bull run. If you buy the right alts you could do a lot more than 5 or 6 x. It depends how much risk you are comfortable with though.

[zaim7413]

Stop talking Altcoins here, we prefer you to ask "what needs to be prepared for the upcoming Bitcoin Bull Run cycle". Bitcoin is always at the forefront under any circumstances, small recent corrections can be added to your investment agenda to welcome the arrival of the Bull Run.
If you are full of confidence in the upcoming cycle, immediately do something that can bring profit when the Bull Run arrives. Bitcoin has proven to be able to survive even though there was turmoil in the market, we always believe Bitcoin will be able to break the previous ATH to set a new record in the next few years.

[Blitzboy]

Look, I've made some difficult choices in my time. And the same holds true when it comes to the world of crypto. You have a promising strategy, but as any effective leader would tell you, there is no one-size-fits-all solution here.

Your strategy for using BTC as a stronghold and then leveraging it for alternative cryptocurrencies? This demonstrates innovative thought. However, it is essential to recall the market's unpredictability. It is similar to attempting to anticipate what Joe Biden will say next.

If you have the resources, why not hedge your bets? Divide this investment. While BTC has proven its worth in gold (or should I say Bitcoin? ), alternative cryptocurrencies have demonstrated considerable promise. And regarding borrowing, remember that it is not free money. Be cautious, diligent, and above all, never invest money you cannot afford to lose.

[Nheer]

I disagree with your approach. OP, Altcoins are not trustworthy at all, and the fact that you would be borrowing money and using some of your bitcoin as collateral is the dumbest thing you could possibly do. What if things don't work out as planned? You'll have to use your bitcoins to settle the loan.  Many altcoins appear to have potential during a bull run, but we all know how risky investing in them can be. Since you are considering investing up to $30,000 into altcoins, that means you will be investing in a lot of altcoins, increasing the possibility that you will invest in a scam project. Don't be fooled by the term "bull run"—you still need to be cautious as you always are. Scammers are aware that during bull runs it is easy to draw in enough victims because many individuals will be in search of the perfect investment.

Altcoins are promising and can generate huge profits but can’t be fully reliant on them and you would need a different approach if you want to be more efficient.

[m2017]

I read OP's post and, you know, some thoughts immediately arose.

- Why be greedy? Bitcoin shows a very high yield compared to other investment instruments. I understand that there is never a lot of money, but all these additional actions with a loan and investing in altcoins create unnecessary risks. I would say unreasonably high.

- Why borrow? If at some stage of your scheme something goes wrong, then your entire ingenious scheme will collapse, but the debt will still have to be repaid. There has long been an opinion in the BTC-community that you should never invest in crypto with borrowed money. This also applies to your situation.

- Do I understand correctly that by placing btc in the cross margin, you lose control of bitcoin? This is another weak point in this scheme. Never, under any circumstances, give your BTC for safekeeping to others.

- Why don't you like "just hodl"?

[Honyek]

Considering the past information, altcoin investment is mostly unreliable. You assume yourself taking a big risk when you get into it. The best thing to do is to invest in bitcoin thinking about the prior bull runs. There is high tendency of making profit at the end of the day, than taking a big risk of altcoin investment and being uncertain.

[spectre71]

I hope the alt coin shit dies and that market cap pours in BTC. I really don't expect much more from altcoins than a few flair ups or Elon comes out like the Doge incident. So many it's stupid and diluted.

I quietly went by but the new EDX exchange (big boys) seemed to breath some interest in Litecoin and Bitcoincash. They utilize "The exchange offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash"

https://en.wikipedia.org/wiki/EDX_Markets

I will be sticking with what the big boys do going forward.

[Wimex]

Never have all your eggs in one basket. So with this reference, I can say you should prefer to keep your money invested in some solid projects including Bitcoin. Ethereum is a safe choice.

Never put your eggs is one basket is correct, but i don't think that idea should apply to diversifying into BTC and Altcoins, it is more logical to put those 'eggs' into other investments that aren't intrinsic to crypto, investments like Real Estate, Gold, etc.

Altcoins are 'wild' and if you haven't invested in them before, i may advice you to forget about that option. There are seasoned altcoin investors, who know how to sell fast when it comes to the point of dumping, if you buy with them when the alts pump and help them pump the price the more, when it begins to dump, they will dump or sell on you before you know what's happening, leaving you with worthless coins.

Some big businessmen and traders say that sometimes you have to take risks to win and this can be true to a certain extent and in certain circumstances, but with digital currencies I think we can see it differently... when we talk about risk, we can focus on this issue, as the availability to risk investing in these, the problem comes when you have to decide which of them, since the arrival of bitcoin many other versions of this called Alcoins have come out that have tried to improve the characteristics of the original but many of these projects have failed, so if we take this into account, it could be said that for many the best option is bitcoin, and it is with the only currency, which personally I would dare to choose for this bullish cycle and for any other time...

Never put your eggs is one basket is correct, but i don't think that idea should apply to diversifying into BTC and Altcoins, it is more logical to put those 'eggs' into other investments that aren't intrinsic to crypto, investments like Real Estate, Gold, etc.

Now if my income is good enough, I would choose to do what you indicate, because I agree that it is better to play it safe where you put your capital, real estate and gold...especially gold...they are options that can provide security, I would definitely go these roads.

[virasog]

It depends what your risk tolerance is & how much capital you have to invest. For me personally I would advise bitcoin only, I was an early adopter though so I am in a different position maybe. You can make more money in certain alts but you are playing the altcoin roulette then aren’t you. You are just as likely to get rugged or something. If you buy bitcoin now you could make 5 or 6 x your money in the bull run. If you buy the right alts you could do a lot more than 5 or 6 x. It depends how much risk you are comfortable with though.

Going with Bitcoin is safer than buying and accumulating the altcoins. The main reason for this is that we know that bitcoin will reach its all time high in the next cycle but we cannot say with certainty about altcoins. Also, there are so many altcoins, and we never know if the altcoins we invest in, may not perform as expected or may not be available by the time we have the next bull season.

There are many altcoins that perform well in one bull cycle but are nowhere to be found in the next bull cycle. Due to this, we should invest the majority of our portfolio in bitcoin and only risk a small percentage by accumulating good altcoins.

[Z-tight]

Now if my income is good enough, I would choose to do what you indicate, because I agree that it is better to play it safe where you put your capital, real estate and gold...especially gold...they are options that can provide security, I would definitely go these roads.

I didn't recommend that people invest in those assets because they are safe in themselves, not at all, there is risk in investing in any asset, i was talking about the notion of "never put your eggs in one basket" or "diversify with your money", which i obviously agree with, but what i disagree on is buying BTC and alts to achieve that. These are assets that are obviously related to one another, doing things the right way would be investing in BTC and another asset that is unrelated, like Gold for example.

[Ultegra134]

and the best advice is to never put all your eggs into one basket.

The only part of your post I disagree with is this.
Diversification in my books is when you buy "assets" that are not related to each other. Meaning if one dumped the others won't follow. We all know that this is not true about altcoins, each time bitcoin makes a move they get dumped. That makes them terrible for diversification.

Not putting all the eggs in one basket in my opinion should be investing in bitcoin then in things like gold, stocks, real estate, etc. that aren't linked to bitcoin or vice versa.

That's correct; all coins, including Bitcoin, are correlated to each other; when Bitcoin crashes, the rest follow. Thus, this rule can't exactly be applied word for word. However, it does apply in cases such as Terra, XRP, or Fantom, all of which were coins that were dumped for a variety of reasons that weren't directly associated with a market crash. So, diversification helps you avoid losing money on coins that fail over the course of their lifetime. I don't see how diversification in altcoins could lower the risk; certainly established ones such as Ethereum and BNB are safer options, but that doesn't change what has been mentioned earlier.

[Bananington]

It is clear if the person does this kind of post as explained all because of a supposed bull run approaching. It is okay to expect such, it is only wrong to be confused as to which invesment would be more profitable than the other.
I would go with BTC, firstly before considering other options because of its track record of being profitable during a bull run cycle for once.

[nakamura12]

The amount of money you expected might not happen and if you choose altcoins then the chance of earning that profit may decrease especially if the altcoin that you chose may not be a good altcoin. If you decided to pick altcoins instead of Bitcoin then I recommend that you should buy the altcoin that is included in the top 10. What I mean is that altcoins that isn't in too leaderboard may not be profitable or you can see any promises that it will boom during bullrun.

[panganib999]

I say you should diversify. Sometimes putting all your eggs in one basket's bound to cause you less profit in the long run, and more losses in the process as it forces you to play around a single asset, whereas diversifying your portfolio could literally allow you to rake in profits from different assets and all that. It's a simple concept but it works wonders. So in the case of investing on bitcoin only or on altcoins, the actual best option is a choice between the two. You might wanna do that if you want to maximize profits in the bull season.

[Beparanf]

For instance, if you currently have $26,000, you could invest in 1 BTC and hold it from now on. Hold it until BTC surpasses its previous peak of $69,000, which would mean your asset is now worth $69,000. At this point, place the value of 1 BTC into Cross Margin and borrow $30,000 to invest in Altcoins. Borrow only $30,000 or even less, not more. This way, you can continue holding onto that 1 BTC as it climbs to $100,000 or $150,000, while also having $30,000 to invest in Altcoins. With the $30,000 borrowed, smart investment in Altcoins can potentially turn your initial asset into $300,000. You could sell the original 1 BTC that you held onto for $100,000 or $150,000. The combined profit from BTC and Altcoins could amount to around $400,000 - $450,000. After repaying the $30,000 borrowed from the exchange, you'd be left with $370,000 - $420,000.

You only assume that Altcoin will continue to pump right after you manage to get profit from Bitcoin by hitting the previous peak. The calculation is very exaggerated since the only potential growth of Bitcoin that time will be only small since it pumps along with Bitcoin and there’s a low chance that Altcoin extend further it pump after Bitcoin slow down.

Using cross margin is not a bad idea but doing it while most of the token is already pump hard will give the chance to liquidate your hard earned capital since you use it as collateral.

[Faisal2202]

You are forgetting about interest rates and the risk involved in this process. Because no one says BTC will really exceed $70k, the number definitely says that BTC has more potential, as I just replied to a post in which the OP said BTC has the potential to cross $170,000, but still, nothing is for sure in crypto, so do not make decisions that could ruin you and do not play out of your league too.

But if you have enough funds to back your things up and your life will not be effected by the downfall of your plan, then you should really follow this plan, as this plan has more benefits and gains than just holding the BTC. But to be honest, I am against margin as we have to pay interest, and that's something I do not encourage people to pay.

Due to many reasons, I discourage interest, but I still like your plan. The risk is still high, so be careful with it. And are you just sharing it here or are you also going to follow it too? If you are really going to follow it, then I would love to see the outcomes once the BTC reaches ATH.

Plus, I did not mention the fact that how ALT's coin investment will turn out might be one that could cost you a lot.

[Sexylizzy2813]

I'm surprised you asked that, OP since we all know that altcoins have more room to grow but a higher chance for failure using it to compare with Bitcoin is for me not a wise decision. I see altcoins as a pump and dump and even though they've got greater potential for offering reward for investment, they are still not upto par in my ratings of them. But it would be weird if I begin to make decisions for you based on my sentiments so it's best to take that decision by yourself.

[Agbe]

Op the matter what, bitcoin is the king in the crypto world. So investing in Bitcoin is the best. Yes many are still thinking where to invest whether bitcoin or altcoins. The best asset to invest in for the up coming bull market is bitcoin and bitcoin alone. When you look well, the bull that is coming is not even for any other cryptocurrencies but for only bitcoin and the altcoins can only follow the trend of bitcoin so what is the need for investing in altcoins.

[serjent05]

I read OP's post and, you know, some thoughts immediately arose.

- Why be greedy? Bitcoin shows a very high yield compared to other investment instruments. I understand that there is never a lot of money, but all these additional actions with a loan and investing in altcoins create unnecessary risks. I would say unreasonably high.

Altcoins give higher yields than Bitcoin if the person is lucky but I do not think it is worth taking the risk of picking these altcoins since the majority of the newly launched crypto projects do not offer innovations instead are here to milk investors of their money.

- Why borrow? If at some stage of your scheme something goes wrong, then your entire ingenious scheme will collapse, but the debt will still have to be repaid. There has long been an opinion in the BTC-community that you should never invest in crypto with borrowed money. This also applies to your situation.

I also discourage the thought of borrowing money to invest in cryptocurrency, although with the performance of Bitcoin during the bull run, it is no doubt that it has a higher chance of profit success but investing it on altcoin, it would probably be devastating.