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

[taufik123]

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.

Assuming that altcoins are a pump-and-dump scheme that is not entirely the case with some of the top altcoins.
You should look at Ethereum which is the king of altcoins and always follows Bitcoin.

I like both Bitcoin and Ethereum because they have clear developments and strong communities.
Altcoins do not always provide a high chance of failure, just look at what Altcoins you hold.
If you hold untrusted memecoins and altcoins it will be more risky to lose.

Bitcoin is the main investment and there is no doubt about it, while Altcoins such as Ethereum are second optional for long-term and short-term investments.

[1714841358]

1714841358

[1714841358]

1714841358

[1714841358]

1714841358

[Afnan_faizah]

I think BTC is still the best choice. Although altcoin maybe give us bigger opportunity to gain profit but not all altcoins are good also there is no guarantee. but if you really want to buy altcoin maybe popular altcoin can be good choice. Maybe Eth, BNB, Tron, Ftm, or some new popular meme coin are good but there is no guarantee, it is just my opinion.

[traderethereum]

Not many people can have $26,000 and are willing to use it as an initial investment in bitcoin.
Most people will start with a small amount of money, trying to learn it first and see the situation when they can buy again.
But if it is a bitcoin or altcoin investment, I still recommend investing in Bitcoin as the main investment while altcoins as an additional investment.
For when to sell the bitcoin, you can determine the next highest price, then sell it and switch to altcoins, but there are risks because you have to choose the altcoin, even though it's not easy.
But you can analyze the list of the top 50 coins, so there are not too many choices.

[GigaBit]

Many people in the crypto market are still uncertain about which type of asset to hold onto for the upcoming growth cycle of the crypto market: Bitcoin or Altcoins. Additionally, they're wondering when to catch the bottom or exit at the peak. As we know from previous cycles, Bitcoin tends to rise first, attracting the influx of funds, followed by new funds flowing into Altcoins. However, holding onto Bitcoin might not yield substantial profits, and determining the right time to switch from Bitcoin to Altcoin for maximizing gains during the growth season remains a challenge.

Your idea is good but such a decision may hurt you until the bitcoin bull session starts. If you buy 1 BTC now for $26k and think the bull run is about to start, if you borrow and then invest in altcoins, if for some reason the market goes down again or stays in the same position for a long time, you will have to pay a lot of money as interest. So I think holding to Bitcoin for the long term with whatever money you have, can give you the opportunity to make huge money with less risk over a period of time. If you want to invest in altcoins with a small amount of money possible from your own funds, it can be risky. Since there is a huge investment potential in Bitcoin, it would not seem logical to choose any other platform other than Bitcoin.

[Dr.Bitcoin_Strange]

yeah, OP Your strategy sounds pretty cool, but with Bitcoin at $69k and you loaning about $30k from cross-margin, that means you are taking out about 43% from your asset. For me, it's an ugly, bad idea; you don't need to take as much as 43%; rather, 14.5% seems a bit okay. The reason I said this is because most altcoin investments have really ended badly (unpredictably) for many investors. So, what if after you have taken so much loan out on your 1 BTC (from the margin) and the altcoins you invested that money in were not profitable? That's going to be a total mess. Instead, I will suggest that one should rather invest that amount in some other asset that is not cryptocurrency-related. Also, there is one risk you forgot to mention, which is to leave a whole 1 BTC on the centralised exchange. Even if someone wants to carry out your strategy, I would not advise the person to deposit all their Bitcoin to the margin wallet in any CEX; rather, you can just deposit the amount you want to use for the collateral.

[Blitzboy]

Many people in the crypto market are still uncertain about which type of asset to hold onto for the upcoming growth cycle of the crypto market: Bitcoin or Altcoins. Additionally, they're wondering when to catch the bottom or exit at the peak. As we know from previous cycles, Bitcoin tends to rise first, attracting the influx of funds, followed by new funds flowing into Altcoins. However, holding onto Bitcoin might not yield substantial profits, and determining the right time to switch from Bitcoin to Altcoin for maximizing gains during the growth season remains a challenge.

Your idea is good but such a decision may hurt you until the bitcoin bull session starts. If you buy 1 BTC now for $26k and think the bull run is about to start, if you borrow and then invest in altcoins, if for some reason the market goes down again or stays in the same position for a long time, you will have to pay a lot of money as interest. So I think holding to Bitcoin for the long term with whatever money you have, can give you the opportunity to make huge money with less risk over a period of time. If you want to invest in altcoins with a small amount of money possible from your own funds, it can be risky. Since there is a huge investment potential in Bitcoin, it would not seem logical to choose any other platform other than Bitcoin.

I appreciate your cautious attitude, but let me start by telling you the truth. You're mistaking Bitcoin for some sort of old stock when its not. Bitcoin is the wave of the future, and sometimes you have to be brave to ride it. So you're saying to play it safe and hold onto Bitcoin, huh? Saying we should have continued using horse-drawn carriages when the vehicle was invented is absurd.

The forces of supply and demand govern the market. The finite supply of bitcoin? Right there, you have a recipe for value appreciation! Indeed, there are risks associated with altcoins, but this is true of every asset. Diversification is essential to risk management, keep in mind. Even if its a golden Bitcoin basket, you shouldnt put all your eggs in one basket. Lets be creative, flexible, and willing to take calculated chances. That is how development occurs.

[SeriouslyGiveaway]

Assuming the bull season will happen in the next 2 years, if you borrow $30,000 now, you will pay $30,000 + interest rate. Most likely they will use floating interest rate than flat interest rate, so you will pay more especially you borrow for long term.

What if it goes wrong? assuming you will need to pay $35,000 and you lose everything in altcoins, you're use the profit in Bitcoin investment to cover up your mistake.

I just mentioned that I'll borrow 30k USD when BTC surpasses its peak, not right now. Investing in Altcoins at the moment is quite challenging, but when the bull run cycle arrives, most Altcoins tend to experience some degree of growth. Choosing Altcoins won't be too difficult, I believe. Even in the top 10 Altcoins, there are still options. If you're concerned about making the wrong choice, you can consider those top Altcoins, and the risk of losing money is almost negligible, unless unless you get hacked. 

[internetional]

First, I establish from the outset that BTC is solely for holding, not for selling. When BTC surpasses its peak and an Altcoin wave is on the horizon, all you need to do is put your BTC into cross margin and borrow USDT (not exceeding 50% of your capital) to invest in Altcoins.

Thank you for a very promising idea. But what if I try to make it even better?

Global trend of almost all the altcoins is decreasing. Let’s just follow it right now, there is no need to wait for its short-term break during the next bull run. So, if I have 1 BTC, I can use it as a collateral for 0.5 BTC worth of altcoins and short them. Sooner or later they will be cheaper than now.

Probably, it’s worth choosing altcoins which are not at their ATL right now.

[KiaKia]

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.

You mean if Bitcoin makes a move to the downside, all altcoins will follow and they will lose more, I understand you perfectly, but do you know that few altcoins have done really well since the beginning of this bear market? And today they are still in very good hands?

When everything was crumbling, few numbers of altcoins are doing very well, such projects can do really well in a bull market, related to each other my foot.

Once you find the altcoin very early you will never see a new lows for such altcoin anymore, for example those that are getting into launchpads are still doing well, they are mostly up 3x and more, like Arbitrum, SUI, SEI and few others.

Let's also look into Kaspa, no ICO or anything, in July 2022 when every where is bleeding badly, kaspa was at 0.0002$ and today it's 0.035$, do your math, those who bought in 2022 are already in gains that can only be possible in a bull market.

There are many others, I haven't seen Vaiot making a new lows yet either, now even PYR, cos I was waiting, as bad as altcoins may seems, few of them are very good, all that matters is entry point, buying early before the hoards.

Just because Bitcoin bleeds does not mean all altcoins get ruined, all because they are crypto projects.

[Crypt0Gore]

There is money to be made from both, but you will expose yourself to more risks with altcoins, I just feel like this is the best time to start accumulating altcoins too, some will be 100x and some will be 1000x but many more will not survive on the long run, just understand that investing in altcoins has a big disadvantage over investing in Bitcoin.

The volatility of the crypto market affects altcoins more than Bitcoin, so invest less into altcoins since they are more risky and invest more in Bitcoin.

I invested 60% of my money into Bitcoin and 40% into altcoins, and I keep this going since I am still accumulating both every weeks and months.

[abel1337]

Not many people can have $26,000 and are willing to use it as an initial investment in bitcoin.
Most people will start with a small amount of money, trying to learn it first and see the situation when they can buy again.
But if it is a bitcoin or altcoin investment, I still recommend investing in Bitcoin as the main investment while altcoins as an additional investment.
For when to sell the bitcoin, you can determine the next highest price, then sell it and switch to altcoins, but there are risks because you have to choose the altcoin, even though it's not easy.
But you can analyze the list of the top 50 coins, so there are not too many choices.

It's rare to see a first timer on crypto that will buy a whole bitcoin on the current market prices. Most of newbies are only buying small portions to at least call themselves as investors. I myself is also recommending bitcoin for newbies because it carry lesser risk compare to other altcoin in the market but if we are talking about the possible profit we can get from the investments, altcoins would be the choice, of course not all altcoin will have the same standing on profit potential.

Always remember to not put all your eggs in the same basket, diversification is the key.

[Yatsan]

Bitcoin will lead the way so I guess it would be best to prioritize it however, it will never be advisable to put all of your money in one bucket, much better to diversify and with that  choose the biggest ones in the market coz these coins are having higher chances to ride the wave once bulltrend occurs. But be careful on your entry point; never be too patient and never be in a rush, wait for the 'right timing'. Right timing for me is at a price point wherein you can endure both pump and dump to save you from worries.

Also, if you're interested with some altcoins, expect high market price volatility  higher than usual  when bull run starts. At the end of the day, decision is in your hand so better create your best analysis to avoid regrets afterwards.

[WatChe]

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 unfortunate but very much true that price of Alts are very much hooked with Bitcoin and till date we have seen that Alts are unable to make a move on there own. There are hundreds and thousands of Alts listed on CMC but hardly top 20 or 30 are worthy for investment. Alts are just like part of bitcoin, so it's better to invest in bitcoin which has more turnaround and moves the crypto market.

[Crypto Library]

Bitcoin for the win. Bitcoin for me is safer. If you go with altcoins, there's a bunch of altcoins right now and some of them could stay until the bull run but the gains you will get are not sure, but with Bitcoin, you can guarantee and even if it is small, it's safe, you know it is safe at the beginning.
Another choice is diversify but highly suggest to have huge percentage of Bitcon.

If op wants to make high profit and take high risk then can go with Altcoin. But if he wants a safe investment then he must go with Bitcoin. Bitcoin is a potential currency that can definitely be profitable if held for a long time.  However, holding altcoins can sometimes be seen as scams. As we have seen before Luna and FTX have a big crush. However, this is not the case with Bitcoin.  So in my personal opinion the op is better to go with Bitcoin for the next bull run cycle as a safe investment. However, investing in Bitcoin is also risky.  But there is much less risk compared to altcoins

[Aanuoluwatofunmi]

If you consider bitcoin an an investment opportunity for this coming bullrun then you're on the right track, if you invested on altcoins then you're going for risk in which it's outcome could not be predicted, you may expect them to experience bullrun while the outcome may turns bearish for any altcoins invested, to remain safe you should maintain what you have certainty about which is bitcoin and avoid avoid any risk that will later lead to scam and loss of asset

[Franctoshi]

Many people in the crypto market are still uncertain about which type of asset to hold onto for the upcoming growth cycle of the crypto market: Bitcoin or Altcoins. Additionally, they're wondering when to catch the bottom or exit at the peak. As we know from previous cycles, Bitcoin tends to rise first, attracting the influx of funds, followed by new funds flowing into Altcoins. However, holding onto Bitcoin might not yield substantial profits, and determining the right time to switch from Bitcoin to Altcoin to maximize gains during the growth season remains a challenge.

It depends on the amount of capital that one has to invest, if you have something less than $100, I suggest sticking to 100% in Bitcoin just to begin with and if you are a newbie, learn and watch out how the industry goes to gain experience and by then you will have to know if investing in Altcoins will interest you.

Then for someone who has more than $100 to invest, 70% into Bitcoin seems good and the remaining 30% should be risked into any Altcoin of your choice.


 

[Altryist]

It's rare to see a first timer on crypto that will buy a whole bitcoin on the current market prices. Most of newbies are only buying small portions to at least call themselves as investors. I myself is also recommending bitcoin for newbies because it carry lesser risk compare to other altcoin in the market but if we are talking about the possible profit we can get from the investments, altcoins would be the choice, of course not all altcoin will have the same standing on profit potential.

Always remember to not put all your eggs in the same basket, diversification is the key.

Much depends on how much a beginner can invest. If the funds allow, he can split the funds and buy bitcoin and some altcoins, but the choice of altcoins is a complex process and can lead to both making good profits and losing funds. If there is no proper knowledge, then altcoins can only lead to a loss of money, in which case Bitcoin will be a more reliable choice. When I was a beginner I chose altcoins, but I couldn't take profits when I needed to, so there are a lot of complexities besides choosing what to buy.

[benalexis12]

Many people in the crypto market are still uncertain about which type of asset to hold onto for the upcoming growth cycle of the crypto market: Bitcoin or Altcoins. Additionally, they're wondering when to catch the bottom or exit at the peak. As we know from previous cycles, Bitcoin tends to rise first, attracting the influx of funds, followed by new funds flowing into Altcoins. However, holding onto Bitcoin might not yield substantial profits, and determining the right time to switch from Bitcoin to Altcoin for maximizing gains during the growth season remains a challenge.

Now, I'd like to share a method that I have been using and find quite effective, hoping to share it and receive feedback from you all:

• First, I establish from the outset that BTC is solely for holding, not for selling. When BTC surpasses its peak and an Altcoin wave is on the horizon, all you need to do is put your BTC into cross margin and borrow USDT (not exceeding 50% of your capital) to invest in Altcoins.
• 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.

In summary: Starting with an initial investment of $26,000, you could potentially make $370,000 - $420,000.

In previous cycles, I often found myself struggling to find the answer to the question of "when to sell BTC and switch to Altcoins." BTC is meant to be held, not sold, and even more importantly, never sold for Altcoins. Simply hold onto BTC and when there's an Altcoin wave, use your BTC as collateral to borrow funds for Altcoin investments (ensuring borrowing remains under 30% of your capital). Now, with the increasing choices offered by the DeFi market compared to past cycles, this method proves quite effective for the strategy of using BTC as collateral to borrow USD for Altcoin investments.

All of this is just your assumption, and there is no certainty that these plans you think of will happen In short, it is still your opinion that still has risks attached. Because no one really knows what will happen in the future, and you know that.
What you're saying is also a bit difficult, what if your expectations don't come true? You will have more problems because of that interest. Then there is still no certainty that by next year the bull run will actually happen, that's just the claim of others that entering 2024 will be a bull run. But it's not certain yet, that's the truth.

[MFahad]

Bitcoin will always be the prime concern because of its higher cost although its down at the moment but this is also a good time to grasp it for longer time. Altcoins can also be profitable but as the profit is higher so chances of going down in a second is also realisable so selection with sharp mind is needed.

There are lots of people who cannot buy bitcoin due to higher price so they will prefer altcoins as its return is very huge if the market is going in upward direction. Actually no coins is trusted to be higher in future as market is not straightforward but bitcoin is suitable as compared with other altcoins.

[GeorgeJohn]

In cryptocurrency investment people do go for a currency that have a good reputation during investment, comparing altcoins and bitcoin they are different currency and they way I'm seeing bitcoin its what people values more for investment, while bitcoin is been valued is because whenever you purchase bitcoin  and their is a bearish market in cryptocurrency the bearish market does not go along with to the extent of making bitcoin to die, but in altcoins, some of the altcoins doesn't survive long time bearish market and any of the altcoins that doesn't have potential do die on the process, so that is its good to invest in altcoins.