Concentrating heavily into BTC

[HideYourKeys]

First, some context: I am in no way a Bitcoin maximalist — I think there's some value outside of Bitcoin, but ultimately BTC is my 'main' crypto holding and every profit I make with altcoins has always been exchanged back into BTC.

In crypto bull markets, the common opinion is that in a full-blown bull market, pretty much everything goes up unison. This is based on crypto's general performance back in the last bull market of 2017.

The thing is, people seem to expect the same thing in this cycle. Do I think it will be the same whereas pretty much everything goes up? I don't think so. Capital and attention are too spread out and too diluted.

Compared to 2017 — as if we didn't have so many coins/tokens already back then, we have far more coins and tokens now; we're talking huge multiples more coins/tokens. Money will be too spread out this cycle that price pumps will likely be heavily suppressed.

I and a lot of people here frequently say that BTC is the better pick for the masses(which has always been true), but regardless, I'm usually only like 10% BTC overall most of the time because I like risk and I have been historically successful with picking altcoins. But this cycle? I have far fewer altcoin holdings and am more concentrated on BTC as the r/r has gotten worse with altcoins, and I think a lot of people will be disappointed — regardless if we generally continue to go up or not.

Will there still be altcoins that will achieve huge multiples? There will always be such altcoins.

Will I be right? Maybe, maybe not. Time will tell.

I have also noticed that during these two last years, the altcoins are not getting much attention, some of them will never recover from their peaks. This next year we might see a shift in the altcoins behaviour

[Z-tight]

I have also noticed that during these two last years, the altcoins are not getting much attention, some of them will never recover from their peaks. This next year we might see a shift in the altcoins behaviour

When you talk of a shift, do you mean a positive or negative one?

As far as i know, altcoins have always had the problems you talked about, a few of them pump and dump, and from there they do not rise again. Now that there are more altcoins with every passing moment, it becomes even more difficult to get lucky and find the ones that will generate you any profit, that's why a lot of people rightly say that investing in altcoins is similar to gambling.

[Rockstarguy]

First, some context: I am in no way a Bitcoin maximalist — I think there's some value outside of Bitcoin, but ultimately BTC is my 'main' crypto holding and every profit I make with altcoins has always been exchanged back into BTC.

These values outside bitcoin are very unpredicted to know if it will come and very risky. Normally the value of is unpredicted but it is certain that value can be obtained at anytime, but in altcoins I think it is different.  Their is no much different between altcoins and gamble,  I think with the experience I have with altcoins I don't think anything will make me to take altcoins serious for me to invest my money because values in altcoins are no certain, it is very possible to even lose all money in invested in altcoins. 

Bitcoin is always the home of value, no matter how people try to get this value outside bitcoin at the end they still turn back to bitcoin to look for good value.

[Finestream]

I have also noticed that during these two last years, the altcoins are not getting much attention, some of them will never recover from their peaks. This next year we might see a shift in the altcoins behaviour

When you talk of a shift, do you mean a positive or negative one?

As far as i know, altcoins have always had the problems you talked about, a few of them pump and dump, and from there they do not rise again. Now that there are more altcoins with every passing moment, it becomes even more difficult to get lucky and find the ones that will generate you any profit, that's why a lot of people rightly say that investing in altcoins is similar to gambling.

Altcoins investment will only be right and profitable if you are investing in the right coins. But even so, it’s still hard to chose the right altcoins these days as every new project that is born in the market claims that they are legit and profitable, when in reality altcoins in general are not that profitable anymore these days.

That’s why it’s not surprising to see people shifting into bitcoin and invest into bitcoin at a maximum level. Although diversification is still the best option, but you can always invest in bitcoin and outside cryptocurrency like stocks and real estate, there are still high probability that you will end up successful.

[Hamza2424]

There's a huge potential in alt coins but due to super crazy trends, I'm a bit confused so still holding Bitcoins as a guarantee of stability.

I don't believe in the potential that so many people see and talk about in altcoins, i consider them to be very risky and only a few provide huge multiples, while most others fail. When i diversify, i buy BTC and things like real estate or gold, i don't really diversify into the altcoin market and i will recommend newbies to do the same, but each to their own.

There's nothing wrong in diversifying in alts, from my personal experience as I already said Bitcoin is the name of reliability in this volatile market on the same time alts are something where you can try your luck based on your strong analysis and I've seen and made some decent returns form the alts, yup there's high risk but as an investor, you should know no risk no return high risk high potential return.

[Russlenat]

First, some context: I am in no way a Bitcoin maximalist — I think there's some value outside of Bitcoin, but ultimately BTC is my 'main' crypto holding and every profit I make with altcoins has always been exchanged back into BTC.

These values outside bitcoin are very unpredicted to know if it will come and very risky. Normally the value of is unpredicted but it is certain that value can be obtained at anytime, but in altcoins I think it is different.  Their is no much different between altcoins and gamble,  I think with the experience I have with altcoins I don't think anything will make me to take altcoins serious for me to invest my money because values in altcoins are no certain, it is very possible to even lose all money in invested in altcoins. 

Bitcoin is always the home of value, no matter how people try to get this value outside bitcoin at the end they still turn back to bitcoin to look for good value.

I have to agree that it’s quite difficult to achieve good profits with altcoins, that sometimes you tend to think that it’s more than luck like gambling than real investing. But if you eventually hit the right coins and invest in it, rest assured that you will make some decent profits that would sometimes exceed your bitcoin expected profits. However, this is rare to happen now as most of the new altcoins that are out in the market have turned into fake ones, thus sticking into bitcoin is what the majority are doing in order to avoid more losses from altcoins.

[EL MOHA]

I have also noticed that during these two last years, the altcoins are not getting much attention, some of them will never recover from their peaks. This next year we might see a shift in the altcoins behaviour

I stand to be corrected but I don’t think the Altcoins attention will ever die off as long as there is this narrative that with cryptocurrency you can get a 10x 100x and more. Many people have definitely come to realization that this pump will never be experienced in bitcoin in a short time so they will definitely move over to alts. Yes many Altcoins can continue to rug pull people will just simply move from one end to another.
Let’s take a look at the most risky category which is the memecoins, there are many rugs they yet the number of tokens created in this category is Over a million in a week. Many feel they can get the right one by moving over them. One thing that I am certain the Altcoins will lose is the little domaince they have now. Bitcoin can close the dominance date value to something like 60% if the FUDs around Altcoins continue

[Sebas.tian]

I think, Bitcoin investment is the best investment that gives investors hope of making a huge amount of income when bullish season arise in the market which many investors has experienced the favourable of Bitcoin in their investment. Converting your altcoins to Bitcoin before you can trade in the market, I think is a good strategy that will allow you to maintain a good income in the market, because whenever the price of Bitcoin is increasing in the market other cryptocurrencies price will be increasing too which it always bring a high  income to those that have the opportunity to hold at the moment. I don't think, I will allow altcoins to draw my attention away from Bitcoin investment, because I have seen many reason to remain in Bitcoin investment to continue increasing income.

[Barikui1]

First, some context: I am in no way a Bitcoin maximalist — I think there's some value outside of Bitcoin, but ultimately BTC is my 'main' crypto holding and every profit I make with altcoins has always been exchanged back into BTC.

In crypto bull markets, the common opinion is that in a full-blown bull market, pretty much everything goes up unison. This is based on crypto's general performance back in the last bull market of 2017.

The thing is, people seem to expect the same thing in this cycle. Do I think it will be the same whereas pretty much everything goes up? I don't think so. Capital and attention are too spread out and too diluted.

Compared to 2017 — as if we didn't have so many coins/tokens already back then, we have far more coins and tokens now; we're talking huge multiples more coins/tokens. Money will be too spread out this cycle that price pumps will likely be heavily suppressed.

I and a lot of people here frequently say that BTC is the better pick for the masses(which has always been true), but regardless, I'm usually only like 10% BTC overall most of the time because I like risk and I have been historically successful with picking altcoins. But this cycle? I have far fewer altcoin holdings and am more concentrated on BTC as the r/r has gotten worse with altcoins, and I think a lot of people will be disappointed — regardless if we generally continue to go up or not.

Will there still be altcoins that will achieve huge multiples? There will always be such altcoins.

Will I be right? Maybe, maybe not. Time will tell.

Yes it's actually true that their is always an alt coin or meme coin that is going to do 100x or even 1000x for you, but how are you going to know the right pick? Bro, to tell you the truth, the higher rate at which various coins are in the market today, it's very clear that most of this developer just came for the money, they actually don't give a f**k of what's happening to their coin, they are more interested in the money, and during this upcoming bull run, just as the op has rightfully said, not every coin will rise, some will even deep further, because, once the money of investors are spread across all asset, their is a very high possibilities that not every coin that investors will invest into, and they will definitely shrink in value during the bull run and even more, after the bull season.

So it's very important to focus mainly on Bitcoin because it's actually the real deal, because once you invest into Bitcoin, you are very much certain that when the bull season comes, you are definitely going to reap what you sow earlier, and you will definitely be rewarded, but for those people that loves to gamble, my advice to you all is that, if you must gamble, gamble like only 10% or any amount you can afford to lose on any shit coin or alt coin, so that even though it doesn't goes your way, you actually wouldn't be brothered by the loss you may have.

[fruktik]

I and a lot of people here frequently say that BTC is the better pick for the masses(which has always been true), but regardless, I'm usually only like 10% BTC overall most of the time because I like risk and I have been historically successful with picking altcoins. But this cycle? I have far fewer altcoin holdings and am more concentrated on BTC as the r/r has gotten worse with altcoins, and I think a lot of people will be disappointed — regardless if we generally continue to go up or not.

You're not the only one with a deteriorating attitude towards altcoins. Most likely, this reaction is widespread among the crypto community. Lately, one can only read news about projects going down one after another, and also tends to shave hamsters all the time. Only a small number of those who have something from alts. This has become the norm in recent years. It's already taken for granted. If the process continues at the same pace, we will all rely only on those projects that are in the top 10 list.

[rodskee]

You're not the only one with a deteriorating attitude towards altcoins. Most likely, this reaction is widespread among the crypto community. Lately, one can only read news about projects going down one after another, and also tends to shave hamsters all the time. Only a small number of those who have something from alts. This has become the norm in recent years.

we all already know that even in a bull run not all altcoins will be successful. Especially now that bitcoin’s performance
is not doing so good, once it comes back up there’s still no guarantee that one coin will rise by the time bitcoin does.

It's already taken for granted. If the process continues at the same pace, we will all rely only on those projects that are in the top 10 list.

betting on new altcoins has its advantages but it is true that it will be harder to see those new projects bloom but i
think if you choose carefully you can make some good profit.

[Dave1]

I and a lot of people here frequently say that BTC is the better pick for the masses(which has always been true), but regardless, I'm usually only like 10% BTC overall most of the time because I like risk and I have been historically successful with picking altcoins. But this cycle? I have far fewer altcoin holdings and am more concentrated on BTC as the r/r has gotten worse with altcoins, and I think a lot of people will be disappointed — regardless if we generally continue to go up or not.

You're not the only one with a deteriorating attitude towards altcoins. Most likely, this reaction is widespread among the crypto community. Lately, one can only read news about projects going down one after another, and also tends to shave hamsters all the time. Only a small number of those who have something from alts. This has become the norm in recent years. It's already taken for granted. If the process continues at the same pace, we will all rely only on those projects that are in the top 10 list.

I'm not also into altcoin, but from what I understand, it's going to be cyclical. From the get go, ICO-IEO-IDO and what is the next hype, for sure there are investors who are going to make money x100 or even higher and we have seen this already.

But the thing is that it's risky for us, specially if in the beginning, we fell in love with Bitcoin and that is the only coins that really give us good profits. Some might divert, but for sure it will only be in the top 10 or top 20 altcoins. I have nothing against those who take risk, but for some, not worth it and so we can only stay with Bitcoin.