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Author Topic: Bitcoin vs Altcoins  (Read 1405 times)
doubletheprof
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January 15, 2024, 10:50:39 AM
 #201

The main point is that bitcoin is low risk HODL coin, compared to those altcoins which are high risk high reward. Me personally, I hold mostly btc, but sometimes I like to gamble with altcoins, that I like Smiley.
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January 15, 2024, 11:49:23 AM
 #202

Secondly, Bitcoin is not in anywhere in comparison to altcoin because of Bitcoin's dominant market, and for sure, Bitcoin is going to continue to rule the market much more further than it has done before.
I agree, the Bitcoin dominance is high and while many thinks that there have been a lot of better performers and gainers than Bitcoin. In what sense? Did you able to ride that hype and gain for you to say, in papers, it's true. But what matters is what you actually gained for your own holdings and that's what you need to settle for. In the few years time, many of these best gainers and performers from this era might just be a no brainer and forgotten project just as the early altcoins that have been known in some point of time.

No one denies the dominance of bitcoin in the market and no one says that bitcoin is not the best and safest currency on the market. But if we participate in this market and our main goal is to make the most profit, not to learn about technology, then altcoins should not be ignored.
I think we are past with that time already about learning or not learning about the technology. Most of the people that are diving on this and altcoins market are the same, everybody is for the profit regardless of what coin they want to have. While our main goal is to maximize our potential profits on this market, one thing that we have to remember is to be patient at all times. I've learned that lesson the hard and expensive way.

We need to accept the fact that today altcoins are giving better returns than bitcoin. And obviously high profits will come with high risks, so if someone likes safety, bitcoin is the choice. But if someone likes to take risks to earn bigger rewards then altcoins should not be overlooked.
That's true that many alts are giving better returns but they're unstable. It is going to be one point of time that they're profitable but it won't be repeated. If it's repeated, this only happens for some of the altcoins out there and they're like ETH. Choosing bitcoin is having two things, having high potential profit but it comes with risk and the amount of it depends on you if it's going to be that much or not based on how you take it.

But typically, choosing bitcoin as your choice is always the best thing that you can ever have. It's not going give you any regret unless you sell at the wrong time.

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January 15, 2024, 03:00:42 PM
 #203

Altcoins should not be compared to Bitcoin in any way. Because only Bitcoin is the best for holding. If you are looking for long term profit then you should definitely hold bitcoin. And if you think to trade for a short time then you can take altcoins. However, trading with altcoins is more likely to result in losses. You must acquire a lot of experience and skills to trade with Altcoins.

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January 15, 2024, 03:21:19 PM
 #204

Altcoins should not be compared to Bitcoin in any way. Because only Bitcoin is the best for holding. If you are looking for long term profit then you should definitely hold bitcoin. And if you think to trade for a short time then you can take altcoins. However, trading with altcoins is more likely to result in losses. You must acquire a lot of experience and skills to trade with Altcoins.
Altcoins can never be compared with Bitcoin. Because Bitcoin is very popular coin. If you hold Bitcoin for a long time, you can get huge profit from Bitcoin. But if you want to invest or trade Altcoins, you have to take a lot of risk. I think Altcoins  It is much better to invest bitcoins and keep them than to make money at risk.

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January 15, 2024, 04:29:10 PM
 #205

Haha 😅
 I don't think Bitcoin should be compared with alt coins. Bitcoin is the OG of the crypto space so if there be any important comparison I think it should be between alt coins only.
Altcoins are mainly suitable for trading not hodling.trading with altcoins also require experience and skills to avoid losses
Of course bitcoin is never compared to altcoin. Altcoin is a kind of sheet coin which has no guaranteed future but Bitcoin has a guaranteed future and Bitcoin will be the first crypto coin which is known to everyone on the other hand there are thousands of Altcoins in the market and Bitcoin alone is not an alternative. So anyone who wants to compare bitcoin with altcoin I would say he doesn't have a good idea about cryptocurrency and he doesn't know about bitcoin well about the history of bitcoin. That's why he made such a comment

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