Bitcoin vs Altcoins

[YUriy1991]

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

What you need to know is that price is not a benchmark for saying that a project is very fundamental. You know how speculative this market is, both now and in the future. There is a lot of speculation going on so for altcoins don't be too optimistic in seeing things. Whether you admit it or not, the most optimistic is none other than BTC.

[1714876819]

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[1714876819]

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[Smack That Ace]

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

What you need to know is that price is not a benchmark for saying that a project is very fundamental. You know how speculative this market is, both now and in the future. There is a lot of speculation going on so for altcoins don't be too optimistic in seeing things. Whether you admit it or not, the most optimistic is none other than BTC.

This is a market rife with manipulation, so looking at the temporary value of some altcoins and assuming they are good is a pretty naive way of thinking. I remember before Luna collapsed, its capitalization at its peak was more than 40 billion USD, but it collapsed quickly in just 2 weeks and swept away everything of investors. Therefore, do not look at the capitalization of a project to evaluate its quality and future.

I don't object or hate people who invest in altcoins because they are actually more profitable than bitcoin these days. But we should only consider them as short-term speculation, never believe that they will be the future, will be applied in practice...They are suitable for speculation and should be avoided once profitable.

[Strongkored]

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?

Holding Shiba Inu for a long time when this type of coin was hyped, I ignore it because altcoins can never be compared to Bitcoin, even though the coins you mentioned reached the latest ath even though Bitcoin is still at a price that is not too high then it is not a guarantee that the altcoin will reach its latest ath again when the market enters the bull run period, I actually predict that many will be trapped in the altcoin and forced to sell because its movement in the bullish period will not be comparable to the movement of Bitcoin because during bullish times it is Bitcoin holders who will enjoy profits while there are only a few altcoins and unfortunately no one can correctly guess which altcoin can provide profits at that time.

[goldkingcoiner]

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?

I would not even go as far as to compare Bitcoin with altcoins, lol...

I admit to trading altcoins to leverage my Bitcoin sometimes but I deeply believe that the only reliable and trustworthy store of value is Bitcoin.

But altcoins have fascinating functions which the blockchain of Bitcoin does not support. DeFi being the most interesting one. And if you go by that popularity as a reason for investment then at least pick only from the most popular altcoins which rank in the very top on coinmarketcap.  The lower in rank you go, the riskier the investment becomes, not only because the project might be bad but because of low liquidity, you might never be able to retrade your BTC back (or at least a part).

All the altcoins you have mentioned, are considered by myself as extremely risky. I would keep away.

[SquirrelJulietGarden]

I would not even go as far as to compare Bitcoin with altcoins, lol...

Because it does not worth to compare them as no reason to compare Diamond and Coal.

I admit to trading altcoins to leverage my Bitcoin sometimes but I deeply believe that the only reliable and trustworthy store of value is Bitcoin.

Altcoins only less risky in bull market and when Bitcoin starts to show signals of a bear market, it's time to cash out all altcoins and don't touch them for about next 2 years. Why next 2 years but not shorter? Because a Bitcoin bear market usually last 2 years and the third year will be time for warm up and recovery before a next bull run.

We are counting down to the next halving and next bull market.

[yudi09]

-snip-

I state that all altcoins that are considered are experiencing massive price increases due to the increasing price of Bitcoin. When Bitcoin experiences an increase in price, altcoins feel it too.
More than 9 altcoins that you mentioned are experiencing an increase in price due to Bitcoin's increase. October saw the start of an increase in Bitcoin prices and now it is still standing at 37K. At the same time, the increase in altcoin prices that you mentioned began to occur in October and is still in the increasing phase.

[bayu7adi]

I admit to trading altcoins to leverage my Bitcoin sometimes but I deeply believe that the only reliable and trustworthy store of value is Bitcoin.

Altcoins nowadays are mostly just for entertainment. I stick to hodling and accumulating BTC, while small amounts of altcoins like LTC and BNB serve as a little side amusement in the cryptocurrency world. Right now, I don't have high hopes for altcoins. I see them as a game, where some make big profits, and others go bust. It's like playing in a casino, isn't it?

Regular folks are drawn to Bitcoin because of its solid fundamentals, and at the same time, scams involving altcoins are still happening. Projects with low liquidity are too risky and better off avoided. There are so many low liquidity alts projects, indicating that many amateur developers enter the crypto world through altcoins. Instead of risking more significant amounts of money, I think it's fine to just see it as a form of fun.

[goldkingcoiner]

I admit to trading altcoins to leverage my Bitcoin sometimes but I deeply believe that the only reliable and trustworthy store of value is Bitcoin.

Altcoins nowadays are mostly just for entertainment.

Many are, but seeing the popularity, we can say that entertainment is an undervalued asset class of its own. I think there can be a lot of money in entertainment. But everyone has different core values and diverse ideas of what an investment should be.

So I am not going to judge anyone for buying altcoins or even NFTs. Its their money and their choice. They know exactly what they are paying for and they buy it anyway- that has got to mean something.

[ndutndut]

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.

You are not wrong, btc cannot be compared with any altcoin even though the altcoin has reached a new ATH because basically bitcoin is the king of altcoins so it is difficult to compare altcoins with kings whose goals are clearly different.

Altcoins are mainly suitable for trading not hodling.trading with altcoins also require experience and skills to avoid losses

In the long term, it is suitable to invest in BTC because you don't need special skills and you can avoid losses as long as you don't sell it. This is very different from altcoins. We have seen several times that many altcoins that were very promising at first ended up turning to dust. Altcoins can indeed produce multiple profits, but we need experience and skills to invest in altcoins because without this we will all just be caught up in the hype.

[Russlenat]

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.

That's the real challenge if you chose to invest in altcoins. You have to do due diligence to research so you will end up investing in the right coins, and not just random coins that have suddenly arise in the market and then put all your money and trust into it because they're promising coins. Of course, all coins would claim that they're totally promising but little did we know that they're up to scam us and vanish in the market suddenly once we have put our funds into it.

Although I'm not saying it in general  because some altcoins are still safe and profitable to invest, but we just have to land at the right coins so we won't end up investing at a loss and regretting.

[lalabotax]

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.

I don't think so. Bitcoin will continue to dominate and altcoins will usually follow. Well, there are indeed lots of altcoins that we encounter in the market. but try to check how many of them are able to survive and ultimately stay in the top rank of the altcoins market? Well, maybe just a few percentages. Meanwhile, Bitcoin can always come back and surpass its previous track. And, hmmm, there are many reasons why Bitcoin continues to dominate and will continue to do so.

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.

Who are they?
Experiencing a significant increase in ATH while Bitcoin has not, does not mean that Bitcoin's dominance is weakening. There are several other factors why these coins can pump up. Hype coins can indeed skyrocket very significantly in a very short time. But the question again is, how long can they stay at that price? Well, maybe soon it will stop and in the end they will experience a very drastic decline. Meanwhile, Bitcoin will continue rising gradually.

[Bananington]

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.

That's the real challenge if you chose to invest in altcoins. You have to do due diligence to research so you will end up investing in the right coins, and not just random coins that have suddenly arise in the market and then put all your money and trust into it because they're promising coins. Of course, all coins would claim that they're totally promising but little did we know that they're up to scam us and vanish in the market suddenly once we have put our funds into it.

Although I'm not saying it in general  because some altcoins are still safe and profitable to invest, but we just have to land at the right coins so we won't end up investing at a loss and regretting.

A good trader should be very interested in altcoins to the point of having some or have had some experience trading some altcoins in times past.
I have always also beenof the opinion that trading altcoins is good for easy profits, but if one ones to consider a long term investment yield, BTC is a more stable option and its value is rewarding over the time.

[Japinat]

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.

The truth is, with altcoins it's always hard to recover its price once that price has dropped so deeply. You might wait for couple of months or years to see it recovering but majority still end up as dead coins except for those established altcoins in the market that sustain their position in the market cap. That is why instead of wasting your time and money for altcoins, why not focus on bitcoin and expect bigger chances of profiting despite of its high volatility. Well, volatility is the obvious reason why a lot of us are hitting huge profits in bitcoin and keeps the excitement when investing in bitcoin.

However, diversifying bitcoin with established altcoins in the market is also a good option. But never put some high expectations on these altcoins since the risk to lose is still high compared to bitcoin.

[I_Anime]

Yeah alt coin are good but you can't compare it with btc. Bcus Btc is like the mother of alt coin
So no matter what btc coin still remains tha best...

[Odusko]

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.

Most of those making such presuming statements about bitcoin in comparison with altcoins are making big mistakes most especially if such statements are made out of not considering the long-term potential of both assets, most of those forks are just excited about the short-term pump in price of those coins and while Bitcoin does not react to such fake market dynamism it becomes technically hard for them with low knowledge on the market to make a difference between Bitcoin price movement and altcoin price movement.
For me, altcoins should be taken for short-term market speculations and should only be speculated and gambled on by those who know the mechanism of how the market works amid its high instability and volatility, this and many more are the factors that make altcoins incomparable to Bitcoin.
With Bitcoin one can invest and hold for as long as possible,  but if you try such a mechanism with altcoins, most especially those that are listed in the ops, there be no doubt that you end in loss, because by the time you return after a long time, your investment may have turned worthless,  because of unrecoverable fall of its market,  but same can not happen with bitcoin, so this is what makes the big difference between bitcoin and altcoin.

[speeder]

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.

I agree with you, using altcoins for investment is kind of stupid. There is no chance of making a profit by investing in altcoins. Many have become destitute after losing their capital due to fraud by altcoins. The rate at which altcoins are mired in scams. Accordingly 99% of altcoins will turn out to be scams at some point. But I think Bitcoin is the best to invest and profit. Bitcoin is a promising currency in which people can easily profit by investing. The rate at which people are now becoming interested in using Bitcoin. It is expected that Bitcoin will become popular all over the world in the future

[mvdheuvel1983]

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

There's more strategy and technique required to making lots of money in altcoins because your timkmg had to be right from buy to sales of the  altcoins so that you can  cash out and invest that money into Bitcoin.

[oktana]

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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.

I won’t really agree that the reason it’s hard to believe is that everything is already existing in crypto. Let’s think of this, if we assumed everything was just okay and complete when Bitcoin was created, how then was there room for Eth? How then did we have room to accommodate BNB, XLM, XRP, Etc? We should bear in mind that Bitcoin is only the most recent tech, there’s a tendency that a new and unique cryptocurrency could emerge. Even if everything was already in crypto, there’s room for better versions of it.

[Furious 7]

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

What you need to know is that price is not a benchmark for saying that a project is very fundamental. You know how speculative this market is, both now and in the future. There is a lot of speculation going on so for altcoins don't be too optimistic in seeing things. Whether you admit it or not, the most optimistic is none other than BTC.

Pretty good point buddy.
We are now in a market where the nature is manipulative especially for altcoins and some projects that can be said to be garbage that actually makes you complacent with the scheme that always happens.
We are not in a gambling system if we talk about investing and prices are not always a benchmark because in the end if we really want to invest then the best is still bitcoin.

This may sound quite cliché but at the end of the day we all have experience how altcoins work and I was also in it a few years ago and as a result I have the same answer as everyone else where btc remains the top choice for the long term because even though altcoins are a condition where it can be more profitable but in the end the risks are also much greater.

[Assface16678]

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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.

I won’t really agree that the reason it’s hard to believe is that everything is already existing in crypto. Let’s think of this, if we assumed everything was just okay and complete when Bitcoin was created, how then was there room for Eth? How then did we have room to accommodate BNB, XLM, XRP, Etc? We should bear in mind that Bitcoin is only the most recent tech, there’s a tendency that a new and unique cryptocurrency could emerge. Even if everything was already in crypto, there’s room for better versions of it.

I agree with you that even if bitcoin is too popular or cryptocurrency itself is the most advanced technology in relation to currency up to date, there is still a long way to go. Many people could develop a new technology, especially in this era of the advancement of new technologies. Those people who keep the new technology will never grow, as it will be beneficial for us if there are more options out there. Don't get me wrong, I'm into bitcoin, and I am a solid crypto currency fan and believer. But I'm not closed-minded to other technologies; in fact, I'm very open to them so I can explore more, and of course there are more ways to earn profit.

Anyway, comparing bitcoin to altcoins is very wrong, as bitcoin is a solid coin and has been reining over the years, but there are a lot of altcoins that emerged but didn't last long.