Bitcoin Forum
November 09, 2024, 11:27:28 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 [10]  All
  Print  
Author Topic: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle?  (Read 1411 times)
Kemarit
Legendary
*
Offline Offline

Activity: 3262
Merit: 1386



View Profile
November 20, 2023, 08:13:40 PM
 #181

When it comes to investment I believe everyone have a responsibility of doing their personal research before buying any coin. It’s important you check the coin’s previous history and trend to determine what to do and also check the utility of such token in order to be sure you’re in a safe place.

Sometimes history don't repeat itself because previously people got benefit from dogecoin when it pumped but now the price is still lower and there is no information then when will it come higher again. Bitcoin always proves to be beneficial coins as compared to altcoins so without investigation one can believe that bitcoin will make their wishes true but if we leave bitcoin and put our trust on altcoins then it is possible that we will face huge losses in future.

From utility of a token one can decide about the importance of coins also check the market cap so you will easily find about good altcoins. In Altcoins if someone buy now ethereum then positive effects of halving can also be a reason for boosting value of ethereum and other important alt coins.

Altcoins is more volatile that Bitcoin, and so even though in the last bull run or even if we can go back previously like in 2017, there are a lot of altcoin that gain more than Bitcoin in terms of percentage to their last all time high. But then again, it's altcoin so it's hard to predict and the risk is very high. Like you said, Doge or even Shiba in the last bull run, we didn't expect that they are going to be the altcoin hype and craze and maybe a lot of us here make some good profits out out if. But it's hard to time that market because as it could be just a pump and dump and if you are late then you could be trap.

So for the majority who have been in the market long enough, then Bitcoin could be their majority holding, at least you have nothing to worry and can sleep at night and waking up tomorrow with a good increase and profit, simple as that.

████████▄▄▄▄▄▄▀▀▀▀▀▀▄
███▄▀▀▀▀▀███████████
███▐▌████████████▀█▀▐▌
███▐▌███▄█▀█████████████████▄▄▄▄
▄▀█████▐█████████▄▄▄▐█▌▄█▌██▀▀
██████▐███▐██▌▄█▀▀▀▐█████▀███▄
▐█
██▐▌██▐████▌█▌█▌███▐█▌█▄▄▄▄██
▐██
▐▌██▐█▌▐█▀█▌▀█▄▄█▐███▀▀▀▀▀▀
████████▐█▌█▌▀▀▀██▀▀████▄▌████▄
███▄███▌▐████▄██▌█▌██▐████▌█▌▄█▀
██▐█▄▄▄▄██████████▌██▐████▌█▌▐██
███▀███▀▀████▌█████▄▄▐█▄▄█▌██▀▀
████████████▀███▌▀▀▀▀██▀▀

 ......NO FEES ON BITCOIN WITHDRAWALS...... 

▄▄███████▄▄
▄███████████████▄
▄███████████████████▄
▄█████████████████████▄
▄███████████████████████▄
█████████████████████████
████████████████████████
█████████████████████████
▀██████████████████████▀
▀█████████████████████▀
▀███████████████████▀
▀███████████████▀
▀▀███████▀▀

▀███████████▀
[
[
RELOAD
BONUS
 

RAKEBACK
BONUS
]
]
[
[
FREE
COINS
 

VIP
REWARDS
]
]
 
........► Play Now .... 
Kuntus
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
November 20, 2023, 09:08:13 PM
 #182

 Taking a decision to Invest either Bitcoin or altcoins depends on your risk tolerance, investment goals, and market research. Bitcoin is generally considered more stable  more beneficial to investors, while altcoins can offer higher potential returns but come with increased risk. Diversifying your portfolio may be a prudent strategy. It's crucial to conduct thorough research and, if needed, consult with a financial advisor before making any investment decision.
SeriouslyGiveaway (OP)
Full Member
***
Offline Offline

Activity: 504
Merit: 144


View Profile
November 25, 2023, 06:34:07 AM
 #183

I will advice you to go into bitcoin instead of altcoins investment so therefore I have to in other ways  understand the difference between altcoins and bitcoin, altcoins does not have the courage and potential bitcoin has and that is why everyone is investing in bitcoin instead of altcoins, when you come in terms of potential is bitcoin when you xome interms of coins that survive bullrun and bullish is same bitcoin who survive all this things without all this kind of things, so therefore, you can neither invest in bitcoin or you invest in altcoins depends your plan's
This is a way to optimize your Bitcoin investment without selling any of the Bitcoin you're holding. It's simply leveraging with an acceptable level of risk at a certain point in time to maximize profits with the growth of Altcoins during the season. And when there's a profit with Altcoins, we convert that profit back into Bitcoin, increasing the quantity. If done well, the amount you earn in a bull run season can be significant compared to just holding Bitcoin from start to finish.
blckhawk
Sr. Member
****
Offline Offline

Activity: 1554
Merit: 334


View Profile
November 25, 2023, 07:07:54 AM
Last edit: November 25, 2023, 07:53:30 AM by blckhawk
 #184

~
Indeed it is scary if you are investing in new projects but if you are investing in ETH, you are going to have peace of mind. But yes, $30k is quite huge enough to put into a risky investment even though we know that ETH can be trusted or ideal for long-term investment. If ever I have that amount in hand, I will put some amount to other form in investment or start a business as in the case that we lose in crypto, we still have other way to recover those losses from other investment and income resources.
Even with ETH, I am not that convinced that it will make me not regret investing, bitcoin has not failed me so far so I will just put all my money on it no matter what because I am better off profiting in bitcoin as much as possible than splitting my investments in different altcoins that are full of uncertainties. Maybe other users have the heart to be able to do that but not me, the lesson learned is just too expensive for me. If I had that amount, I would probably just allocate 1k USD in ETH only and then try to wait for bitcoin to go down again so I can get a good value out of the 29k that is left or what is going to be left when I spend some money for the stuff that I want to buy for a long time now.

30k is a scary amount to invest in altcoins even if you know that an altcoin boom is coming in the horizon, I've learned my lesson about altcoins last season so I don't want to repeat the same mistakes, I'm better off just waiting for my bitcoin to grow and hopefully sell it at a favorable price and then hopefully get in quickly to it. OP's plan is feasible and attractive to follow but that will be the possible scenario if all the stuff that OP mentioned exactly happened and we know that the cryptocurrency market is a volatile market and you will never know what's going to happen even if you are good at market analysis.
Investing in altcoins shouldn't be done with much money but only the amount that you can afford to loss. Altcoins can be hype by the dev and the price will pump 100X and before you know it,you that invested at that time becomes the loser because in no time,it will turn to zero,leaving you frustrated.
This I can agree and not just with altcoins, everyone is encouraged to do the same with bitcoin, just invest what you can afford to lose. This advice is a timeless one because it is the truth and it is making sure that you are not going to go overboard with your investing journey and at the same time makes you balance your needs for investing to save for the future and having some money to spend for the present. That is why I do not go for altcoins now, the potential of it being a rugpull is just too much and it sucks that you are going to be the one that will be gullible to give them your money.
Ayers
Legendary
*
Offline Offline

Activity: 2800
Merit: 1024


Vave.com - Crypto Casino


View Profile
November 25, 2023, 07:36:02 AM
 #185

I will advice you to go into bitcoin instead of altcoins investment so therefore I have to in other ways  understand the difference between altcoins and bitcoin, altcoins does not have the courage and potential bitcoin has and that is why everyone is investing in bitcoin instead of altcoins, when you come in terms of potential is bitcoin when you xome interms of coins that survive bullrun and bullish is same bitcoin who survive all this things without all this kind of things, so therefore, you can neither invest in bitcoin or you invest in altcoins depends your plan's
This is a way to optimize your Bitcoin investment without selling any of the Bitcoin you're holding. It's simply leveraging with an acceptable level of risk at a certain point in time to maximize profits with the growth of Altcoins during the season. And when there's a profit with Altcoins, we convert that profit back into Bitcoin, increasing the quantity. If done well, the amount you earn in a bull run season can be significant compared to just holding Bitcoin from start to finish.
This plan sounds great, buy altcoins and profit from altcoins to accumulate more bitcoins. But, can anyone do that? I mean, once we invest in altcoins, we will be attracted by its huge and quick profits. When we profit from altcoins, will we stick with bitcoin or will we convert all our bitcoins into altcoins in the hope of making more profits? I have seen many people with similar plans but when they make profits from Altcoin they forget the original plan, profit is always what blinds us so be careful with this plan.

I also don't completely hate people who invest in altcoins but be careful of the temptation it creates and if we are not vigilant, it will destroy our investment plans because they are too risky.

Fara Chan
Hero Member
*****
Offline Offline

Activity: 1484
Merit: 597


DGbet.fun - Crypto Sportsbook


View Profile
November 25, 2023, 07:40:19 AM
 #186

This is a way to optimize your Bitcoin investment without selling any of the Bitcoin you're holding. It's simply leveraging with an acceptable level of risk at a certain point in time to maximize profits with the growth of Altcoins during the season. And when there's a profit with Altcoins, we convert that profit back into Bitcoin, increasing the quantity. If done well, the amount you earn in a bull run season can be significant compared to just holding Bitcoin from start to finish.
This does look quite good and is also very suitable for anyone to do if they want to increase the amount of Bitcoin investment at a certain moment, such as in the current example. However, I also think that the profits from trading in the market can also be used to convert into Bitcoin if we want additional Bitcoin without having to think about additional capital at a different time. I also like to trade with certain altcoins so I often convert the profits into Bitcoin so that the amount of Bitcoin can continue to increase in my savings.

Bushdark
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 262


Vave.com - Crypto Casino


View Profile
November 25, 2023, 05:39:04 PM
 #187

Taking a decision to Invest either Bitcoin or altcoins depends on your risk tolerance, investment goals, and market research. Bitcoin is generally considered more stable  more beneficial to investors, while altcoins can offer higher potential returns but come with increased risk. Diversifying your portfolio may be a prudent strategy. It's crucial to conduct thorough research and, if needed, consult with a financial advisor before making any investment decision.
Asking about what coin to invest in by op need concrete personal answers. It all depends how the trust and the level of risk op is ready to invest in Bitcoin market or the altcoins market. To make money from the market one need to exercise patient and invest on projects our eyes can reach..since there are thousands of cryptocurrency projects. Bitcoin is the solid one with safety compared to others projects that was created to make profits for the project team. We don't need to invest in any project we see but those ones that have good liquidity.

leonair
Sr. Member
****
Offline Offline

Activity: 1400
Merit: 420


View Profile
November 25, 2023, 05:50:50 PM
 #188

Taking a decision to Invest either Bitcoin or altcoins depends on your risk tolerance, investment goals, and market research. Bitcoin is generally considered more stable  more beneficial to investors, while altcoins can offer higher potential returns but come with increased risk. Diversifying your portfolio may be a prudent strategy. It's crucial to conduct thorough research and, if needed, consult with a financial advisor before making any investment decision.
I agree with you investment in bitcoin or altcoins it is totally depend on a person risk tolerance. But since we believe in Bitcoin's 4-year cycle and it has shown good results several times in the past, next year is a golden time to invest in Bitcoin. So at that time if you invest in bitcoin instead of investing in altcoin, the profit will be much higher and the investment will also be safe. I'm not giving financial advice but I'm trying to remind you of the history of Bitcoin in the past. I would say everyone should decide according to his investment ability and risk taking ability
Pages: « 1 2 3 4 5 6 7 8 9 [10]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!