Bitcoin vs Altcoins

[Beparanf]

Be careful if you want to use altcoins for investment or trading. Usually, altcoins that are new to the market will get the pump. After that, the price will experience a correction and some altcoins will even drop drastically from their presale prices. If you want to get into altcoins, you can wait until the price drops drastically. But you need to find more information about why you chose that coin.

Exactly, Private investors including the team itself will surely dump their bag one the token price hit the ceiling for growth. I rarely invest on new coin that shows volatility since it’s very hard to recover your loss once you left behind after the hype is over. That’s why sticking to basic which is investing majorly on Bitcoin is the best choice since it always recovers no matter how downfall it goes unlike other shitcoins that never recover even for many years of waiting.

[Out of mind]

I think altcoin should never be used for investment as it can be a scam any time. We have seen many altcoins turn into scams in the past, especially good projects like Luna FTX etc died. If we use and invest Bitcoin, it will be the best and safest coin for us and the most to earn money.  I will never invest in altcoins because I believe they can be scammed at any time except for some coins. But for BNB and ETH good investment it is likely to be a scam and their future will be good so if you invest here you will have no fear of loss. And the best thing is Bitcoin where you have security of your money by investing, and it is possible to earn a good amount of money from it in the future, so BTC is the suitable investment coin.

[Blitzboy]

Bitcoin is the most famous cryptocurrency and also the first decentralized cryptocurrency in the world, and has strong brand recognition among investors and the general public because they will know Bitcoin first before getting to know altcoins.
Bitcoin and altcoins are highly volatile currencies, but altcoins are often more volatile than Bitcoin, which can pose significant risks for investors. However altcoins will be most profitable for those who have skill and intelligence in terms of pum and dum and are also easy to manipulate, and just by buying and selling at the right time they will make huge profits. If you are late you will experience losses, and this often happens to altcoins, in fact many altcoins end up being fraudulent, especially new altcoins.
And in my opinion, a very safe and low risk option is Bitcoin and this is mainly for long term investment. And Bitcoin has a good track record when it comes to long-term investments that will give you satisfying profits if it always accumulates every time Bitcoin goes down.

Yes, Bitcoin, the first cryptocurrency, is the most well-known brand; its the first name that people hear when they hear digital currency. How good is it as a long-term investment? Pretty amazing. But lets not forget how appealing altcoins are. Yes, they're high risk and volatile, but isnt that where smart players make their money? The trick, though, is that "pump and dump" is like ballet: one wrong move and you're falling. Bitcoin or Altcoins? Like a siren's call for those who are quick and smart, but dangerous for those who arent.

On the other hand, Bitcoin is a rock of security in this rough sea. Its past behaviour? An example of strength and slow growth. It' the turtle in a race with hares: steady, dependable, and in the end, the winner. Because of this, Bitcoin is still the safest option for people looking to invest in the volatile world of crypto. It is a sign of long-term value in a world where wealth come and go quickly.

[Mpamaegbu]

It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

Yes, I can understand from what angle you're saying this as that dominance is now around 51% as against 75% to 80% we used to have it  less than a seven years ago. However, at 51% Bitcoin is still dusting the rest of the pack of cryptos with ETH coming a distant second with  around 17% market dominance according to CMC data.

For those who want to invest in altcoins, make your pick from altcoins with use cases. Don't pick randomly based on price. Also, remember that altcoins often pump after Bitcoin is done pumping as investors will cash out of Bitcoin and move their profit to alts. In my speculation, I guess later part of 2025 is going to be another altcoin memorable period. That's the period I want to see alts pump real hard.

[WillyAp]

I think altcoin should never be used for investment as it can be a scam any time. We have seen many altcoins turn into scams in the past, especially good projects like Luna FTX etc died.

Not all alt coins are the same, have a look at LTC.
exchanges are often hacked anyway and some are even set up to fraud once the price goes down.

[Palazodeen]

The cryptocurrency landscape is gradually taking a new turn and am loving it already. It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

TAO, KAS, BGB, TIA among other numerous altcoins are among those that have recorded ATH recently even as BTC struggle to hold up the $36,500 resistance.

Among other altcoins that have been impressive are ORDI, SATS, VMPX, WOJAK and PEPE1. 

Fortunately there is an ongoing event for new users on Bitget where there is  $10,000 prize pool in the latest Hotcoins season 5 edition.

As we look forward to the anticipated bullrun come 2024, what altcoins are you holding and why do you think they will bring more returns compared to others?

If you want a bigger return in crypto, you have to invest in alts. There are lots who multiply it's price in just a couple of months. You have to do a screening since not all alts are good to invest. Avoid to good to be true projects or the projects that has the very low marketcap, it's so volatile and don't have enough strong support where if whales going sell their assets, it dumps so much. For safety investing without looking for instant big return, preferable to go with Bitcoin.

You are certainly among the few that understand my perspective. ETH is an altcoin with newly $300M mcap and some people still think less of it. As a matter of fact, ETH started the 2020 bullrun before BTC followed up and we might see a repeat of it in the next bullrun but it might not start with ETH this time. There are several altcoins with good utility and fundamentals but perhaps we are too sentimental to see it because of our interest in BTC. No doubt no altcoins can contend with BTC but we should also remember BTC didn't just became big overnight. There was a time when many people doubted it and wouldn't buy it despite been less than $1. People categorizing altcoins as shitcoins obviously don't know anything imo because shitcoins are memecoin that follow hypes unlike tokens like ETH, KAS, BGB, SOL and some unique altcoins that have amazing utility

[CageMabok]

Not all alt coins are the same, have a look at LTC.
exchanges are often hacked anyway and some are even set up to fraud once the price goes down.

What is there to look for in LTC other than the price chart running very similar to Bitcoin's chart in the market? I only see price stability and stability in LTC even though LTC is not a stable altcoin, but LTC could be an additional option for those who like altcoins after choosing Bitcoin. Because for me Bitcoin remains the first choice before choosing an altcoin to make trades in the short term or long term and currently everyone can also see the price increase that is occurring in LTC, as well as Bitcoin which is currently moving upwards towards $37K again.

[WillyAp]

What is there to look for in LTC other than the price chart running very similar to Bitcoin's chart in the market?

Crypto was invented to shut out the middle-men
What most people love in Crypto is the raise of value, thus they are after FIAT.

LTC is the coin which is fast, does not cost an arm to pass from one wallet to another and has a high network activity.
Sure its is not a store of value. But you won't find store of value in Whitepapers either.

[Palazodeen]

It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

Yes, I can understand from what angle you're saying this as that dominance is now around 51% as against 75% to 80% we used to have it  less than a seven years ago. However, at 51% Bitcoin is still dusting the rest of the pack of cryptos with ETH coming a distant second with  around 17% market dominance according to CMC data.

For those who want to invest in altcoins, make your pick from altcoins with use cases. Don't pick randomly based on price. Also, remember that altcoins often pump after Bitcoin is done pumping as investors will cash out of Bitcoin and move their profit to alts. In my speculation, I guess later part of 2025 is going to be another altcoin memorable period. That's the period I want to see alts pump rea
l hard.

You can be sure the dominance will continue to drop until around 30%. FYI BTC is also subject to some form of speculations as you can see what happened when the fake news of the Black rock spot ETF approval hit the space. Recall BTC also hit a record ATH of $68k back in 2021 and those that bought at the peak of it haven't recovered from the loss as well. I totally understand everyone's perspective about Bitcoin dominance and I also advocate for users to Hodl more BTC than any other altcoins but we cant relegate other altcoins like ETH, XRP even exchange tokens like BNB and BGB that has specific use cases and have been constantly growing over time.

[Palazodeen]

Not all alt coins are the same, have a look at LTC.
exchanges are often hacked anyway and some are even set up to fraud once the price goes down.

What is there to look for in LTC other than the price chart running very similar to Bitcoin's chart in the market? I only see price stability and stability in LTC even though LTC is not a stable altcoin, but LTC could be an additional option for those who like altcoins after choosing Bitcoin. Because for me Bitcoin remains the first choice before choosing an altcoin to make trades in the short term or long term and currently everyone can also see the price increase that is occurring in LTC, as well as Bitcoin which is currently moving upwards towards $37K again.

No one is contesting the superiority of BTC but the information is that some altcoins too have build up to some certain level and doesn't really depend on BTC price action 💯%. A simple example is XRP that moved from $0.47 to $0.8 a couple of weeks ago while BTC remained stagnant. With an mcap of over $30B not to talk of ETH with mcap of $237B, I think some altcoins deserve some respect. The next bullrun will prove a point and am damn sure it's going to surprise many. Until then, let's continue to Hodl some prospective altcoins in addition to BTC while not forgetting the potential of exchange token like BGB that has been bullish and performing really well.

[Palazodeen]

From what I can understand from this is that altcoin can't recover at all whenever the bear season for crypto arrives and that bitcoin's the only one that can recover. The part about most altcoins being only created to do a pump and dump scheme is both a curse and a blessing because as you've said you can make profits out of it if you know how to get into them at such an early stage that you can buy at their so-called Genesis and then wait a bit for them to go high but the problem with this is that not all altcoins are like these but then again this is what makes altcoin still in existence. I wouldn't say that they're equally profitable because you're more likely to lose money when you invest in altcoins hoping to hit the one that's going to pump and then dump.

Correct. Not all altcoins are able to return to the highest price/ath they have made, but there are also some that are able to create a new ath. Unfortunately, most traders or investors think that all altcoins will be able to rise again after experiencing a sharp decline during the bearish season, but what happened did not match expectations.
In contrast to Bitcoin which is very capable and optimistic in terms of price recovery until it recorded the latest ATH. In altcoins, if investors or traders do not buy altcoins at the base/bottom price then the profit generated is not much, and even that requires research, complex analysis and the selection of the altcoin itself. If it ends up being a scam, it will only waste time and money.

Why is ETH, SOL and even XRP recovering despite the fact that the bullrun is not even here. I think you just have to wait for the next bullrun to see what happens. Incase you dont know, altcoins are what have kept the crypto industry afloat because most people can't afford to buy BTC and if the 49% of the total mcap belonging to altcoins available in the space is removed, BTC will trade at less than $5,000. Not all altcoins are pump and dump token, many do really have real world use cases while some have perculiar function they perform I their ecosystem.

[livingfree]

~snip~
Why isn't it about Bitcoin's

the title is BTC vs altcoin's

So it is at least 50% BTC and since BTC is more than 50% of the market cap I think 54-56% it is mostly about btc.

It's because the same of the older topics that I have seen moved in the altcoin discussions. But it is staying here so I guess mod have already decided to keep it here on this section.

Not all altcoins are pump and dump token, many do really have real world use cases while some have perculiar function they perform I their ecosystem.

That's true that many of these altcoins are not the typical ones that we know of. It's okay to be a Bitcoin maximalist and we're all agreeing with any argument that will be with against altcoins. I am for the tip to say for the newbies to invest only in Bitcoin first and if they want to continue going on and want some alts, they should never stop learning and researching.

[gunhell16]

I think altcoin should never be used for investment as it can be a scam any time. We have seen many altcoins turn into scams in the past, especially good projects like Luna FTX etc died. If we use and invest Bitcoin, it will be the best and safest coin for us and the most to earn money.  I will never invest in altcoins because I believe they can be scammed at any time except for some coins. But for BNB and ETH good investment it is likely to be a scam and their future will be good so if you invest here you will have no fear of loss. And the best thing is Bitcoin where you have security of your money by investing, and it is possible to earn a good amount of money from it in the future, so BTC is the suitable investment coin.

You know, dude, whether altcoins or bitcoin have the same risk and both are volatile as well, so don't say that it's not good to invest in altcoins; it's not because you think FTX is dead because what happened here is the same with all altcoins. I think that your view and belief are wrong.

There are some altcoins that are often used by scammers to prey on investors here in crypto, but that does not mean that altcoins are bad; they are not. I hope that sometime we will adjust what we say in the forum so that the other will not be deceiving to those who still have zero knowledge of cryptocurrency and Bitcoin. Because for me, altcoins and bitcoin are both good; we just need to know how to look for legitimate coins in this business.

[Kasabus]

The cryptocurrency landscape is gradually taking a new turn and am loving it already. It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

TAO, KAS, BGB, TIA among other numerous altcoins are among those that have recorded ATH recently even as BTC struggle to hold up the $36,500 resistance.

Among other altcoins that have been impressive are ORDI, SATS, VMPX, WOJAK and PEPE1. 

Fortunately there is an ongoing event for new users on Bitget where there is  $10,000 prize pool in the latest Hotcoins season 5 edition.

As we look forward to the anticipated bullrun come 2024, what altcoins are you holding and why do you think they will bring more returns compared to others?

For now, I still don't see altcoins that have high potentials to grow and could be an asset for long term hodling, except for Ethereum that has established his value for years now. I'm more on focused on bitcoin accumulation most especially that the market is looking more positive due to the incoming bull run by next year.

Bitcoin still dominates the market until this time, and no existing altcoins that can beat Bitcoin for now. But to be honest, I'm open for altcoin investments in the future as long as I can prove the worth of these coins, and as long as they're not into pump and dump scheme just like majority of the altcoins in the market.

[kawetsriyanto]

You know, dude, whether altcoins or bitcoin have the same risk and both are volatile as well, so don't say that it's not good to invest in altcoins

I don't think so. Bitcoin and altcoin have a seriously different level of the risks. When you hold Bitcoin, it should last a long time with no doubt. Since it was created several years ago, there is no issue that proves Bitcoin to disappear. While for altcoins, we already many times that altcoins can disappear or delisted from exchanges.

There are some altcoins that are often used by scammers to prey on investors here in crypto, but that does not mean that altcoins are bad; they are not.

It is just proven that altcoins have a higher risk. Sure, not all altcoins are bad, but no doubt that investing in altcoins will be riskier. If we choose random altcoins carelessly, the worse scenario that we can get is that we lose all our money because the altcoins are scams. Meanwhile if we hold Bitcoin, we can be confident that Bitcoin will always exist in crypto space.

[OcTradism]

It is just proven that altcoins have a higher risk. Sure, not all altcoins are bad, but no doubt that investing in altcoins will be riskier. If we choose random altcoins carelessly, the worse scenario that we can get is that we lose all our money because the altcoins are scams. Meanwhile if we hold Bitcoin, we can be confident that Bitcoin will always exist in crypto space.

People can know about risk or can not know about risk of altcoins but a bigger fact is they see altcoins are more attractive and more promising than Bitcoin to help them increasing their portfolio value.

With this thinking, they easily ignore risk of altcoins and invest in altcoins. After that first step, investing money in altcoins, they will stuck more in altcoins and it's hard for them to stop. They are lucky if they choose altcoins like Ethereum, Dogecoin to invest because with those altcoins, they got bigger portfolio value if they hold those altcoins.

They are unlucky or can be called stupid, if they invested in other altcoins that are now dead or even died years ago.

If investors want something safe or safest in cryptocurrency market, it's Bitcoin. Not safest but safe, it is Ethereum.

[CryptoBuds]

It is just proven that altcoins have a higher risk. Sure, not all altcoins are bad, but no doubt that investing in altcoins will be riskier. If we choose random altcoins carelessly, the worse scenario that we can get is that we lose all our money because the altcoins are scams. Meanwhile if we hold Bitcoin, we can be confident that Bitcoin will always exist in crypto space.

People can know about risk or can not know about risk of altcoins but a bigger fact is they see altcoins are more attractive and more promising than Bitcoin to help them increasing their portfolio value.

With this thinking, they easily ignore risk of altcoins and invest in altcoins. After that first step, investing money in altcoins, they will stuck more in altcoins and it's hard for them to stop. They are lucky if they choose altcoins like Ethereum, Dogecoin to invest because with those altcoins, they got bigger portfolio value if they hold those altcoins.

They are unlucky or can be called stupid, if they invested in other altcoins that are now dead or even died years ago.

If investors want something safe or safest in cryptocurrency market, it's Bitcoin. Not safest but safe, it is Ethereum.

Actually, if we talk about technology, a coin that brings real convenience and practical applications, bitcoin is the top candidate. And since it is a decentralized currency created with a clear purpose and the demand for it will always be there, it is truly the safest coin. But if we are here for profit then we can consider investing in altcoins as we all see that altcoins are giving better returns despite having greater risks. In investing, if you want high profits, you must accept high risks. Besides ETH, I see ADA, XRP...all are altcoins that can bring us significant profits. But as I said, it has greater risk than bitcoin so we need to consider carefully.

[rodskee]

among other numerous altcoins are among those that have recorded ATH recently even as BTC struggle to hold up the $36,500 resistance

Altcoins are good and profitable for the few who understands them and, much more important, who know when to sell them.
On the long term most altcoins simply go down and a few better ones may remain profitable against dollar, but, by far, no match for Bitcoin.


So yeah, I agree with the previous answer: are you joking, right?
And even more: if you want to ask about altcoins, please do so in the altcoins related part of the forum, not here.

Very true. Knowing when to sell an Altcoin is the main deal. One of the challenges with the Altcoin ecosystem is that there is this constant creation of new cryptocurrencies and it makes it more difficult for people to know which is more reliable or let’s say “safer”. There are alts that have and will make it over the years but as time passes many will be shaken off back into the dust. Bitcoin on the other hand is just one and hence its uniqueness. It’s less likely to fail you unlike these alts.

This is also the reason why it is hard to believe in New project now that will surely progress because
of everything in the world has already in existing here in cryptospace so what are the new one that they can offer? this is the
problem when we  already reached the system and the competition only runs if who can serve better and not because they are unique .

Safe investing is still exist but for ranking coins New project offers best return but the
assurance is what we need and we can only have them having investing in older coins that have proven their worth all these years.

[HONDACD125]

The cryptocurrency landscape is gradually taking a new turn and am loving it already. It's like the era of BTC dominance and dictation of other altcoins performance is gradually winding down.

TAO, KAS, BGB, TIA among other numerous altcoins are among those that have recorded ATH recently even as BTC struggle to hold up the $36,500 resistance.

Among other altcoins that have been impressive are ORDI, SATS, VMPX, WOJAK and PEPE1. 

Fortunately there is an ongoing event for new users on Bitget where there is  $10,000 prize pool in the latest Hotcoins season 5 edition.

As we look forward to the anticipated bullrun come 2024, what altcoins are you holding and why do you think they will bring more returns compared to others?

First of all altcoin cannot be compared with Bitcoin, because the characteristics of Bitcoin make it stand out among all cryptocurrencies. Bitcoin is on the support of 36500, if it goes down from here there is no problem, but this is another opportunity for all of us to buy Bitcoin at low price. People who have capital are happy when the price of Bitcoin goes down because it gives them the opportunity to make new investments.All the coins you mentioned are currently giving good returns, but you need to do proper research on them, because there are some that have no future.

There is no doubt that we are all waiting for the bull season, because those who bought at a good price in the bear season are likely to get a good profit in the next season. I have half of my capital in bitcoin, while also investing in altcoins including some top cryptocurrencies and some newer cryptocurrencies, and I am sure it can give a good profit in the future, because their team is active, bringing new updates and doing different partnerships,So they have more chance of profit.However, out of all these I think Bitcoin is the best investment.

[Sebas.tian]

 Bitcoin is the king among other cryptocurrencies in the market, and you need to use Bitcoin price to determine what will happen in other altcoins price in the future. I have invested in Bitcoin when the price was around $23,542 which I have hope that I will achieve something altcoins cannot give to me when the bullish season appear, because I have tested altcoins that made me to believe that whenever the price of Bitcoin is rising other cryptocurrencies price will be rising too. I think, Ethereum and XRP are the two altcoins I used little money to purchased few months ago, and I will release the altcoins when the price hit higher any moment from now but I will not touch the Bitcoin till 2025.