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.

[mk4]

Update: so far so good as the trade is going well. Long majors(+TON), short L2s, and a few L1s that are pretty dead in terms of activity.

Currently up 200% ish. Will my trade continue to go well? Maybe, maybe not. Let's see.

List is sorted by position size.

Obviously, red = short, green = long.

[Gladitorcomeback]

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.

Investing in altcoins is like gambling only if you are investing with your eyes closed and without doing proper research about the project you have chosen. I know that the market is highly saturated and new projects have taken the market by storm, but if someone does proper research about all the newly launched altcoins and their projects, they can determine which ones have the highest potential to generate good profit.

Most people consider meme coins altcoins and invest in them, and when they lose money, they say investing in altcoins is like gambling, I mean, did you even know that meme coins are something completely different? Yes, they have the characteristics of an altcoin because they are created as them, but most of them don't have proper projects backing them up.

[Stablexcoin]

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.

Have you asked yourself how do you affirm that an altcoin is the right one to invest in? I do not know much but the little I know and I have come to realize is that only Bitcoin has been 90% confirmed to be the right cryptocurrency to invest in not minding the investment risk in general. All investment has risk but some investments are bound to bring profit and Bitcoin is one asset I know so well that so many have invested in that has brought profit to investors for years now.

It is preferrable to invest in Bitcoin aggressively than investing in altcoin at all. One can give you profit in the long run and has the tendency to dump and degrade to zero in value. Which would you prefer?

[Franctoshi]

As the crypto industry is fast growing, so are things gradually changing and investors in the Industry are becoming more aware with their choices of investment portfolio and this bull run more like a utility case bull market because likely majority of the cryptos that we saw did well last bull market are very far away from their ATH and may not see their ATH again, but Bitcoin has done incredibly well in terms of recovery and also creating a new all time high, This reason alone is attractive to investors let alone many problems that Bitcoin has come to solve, I'm only holding about 3 altcoins in my portfolio and more exposed to Bitcoin.

[Dictator69]

Investing in altcoins is like gambling only if you are investing with your eyes closed and without doing proper research about the project you have chosen. I know that the market is highly saturated and new projects have taken the market by storm, but if someone does proper research about all the newly launched altcoins and their projects, they can determine which ones have the highest potential to generate good profit.

Most people consider meme coins altcoins and invest in them, and when they lose money, they say investing in altcoins is like gambling, I mean, did you even know that meme coins are something completely different? Yes, they have the characteristics of an altcoin because they are created as them, but most of them don't have proper projects backing them up.

Memecoins are for fun at least what this website thinks it is. I agree with your point that without proper research investing in altcoins is like gambling but I also agree with the Z-tight as well. Because some projects are so good to be true that its difficult to differentiate if they will give us profit or not. I am not speaking out of my experience because I don't have much with alts or meme coins yet but till now I have read a lot about these two.

I have seen a lot of videos on Instagram where people are sharing there success stories of making millions from meme coins. I think meme coins are risky but they might be the last option for those who either want to gain it all or lose it all because I also read in this forum's gambling section that gambling also require research for example a person who have good knowledge about support have better chances to win gambling in sports or that's bet? Bet is also gambling or isn't.

[kryptqnick]

Even in 2017, it wasn't all in unison. Top currencies largely followed the trend, but there were always tons of currencies living through their own pump-and-dump schemes or simply being outliers for other reasons. And then we had 2021, which I don't remember well in terms of Bitcoin-altcoins correlation because I stopped paying attention to altcoins at that point.
Another thing that will be different is the profits, of course. In 2017, BTC went from $1k to $20k. But the market capitalization is already very high, so it's much harder for Bitcoin to grow on a similar scale, and even a 2x profit would be impressive at this point. As for altcoins, perhaps some of them still have a chance of significant multipliers, but finding them won't be easy.

[TheUltraElite]

Currently up 200% ish. Will my trade continue to go well? Maybe, maybe not. Let's see.

I can guarantee you that the long term value of the altcoins will drop, maybe this is the highest they will ever go. So if you have not cashed out and want to watch them like an experiment, by all means do so.

Just that there have been many other sore traders who tried to do the same and got burnt. The same people keep saying that they would have made much more had they invested only in bitcoin.

The key to making money from altcoins is to get in early and get out early before the doom hits. Bitcoin will always be the opposite, long term gains.

[mk4]

I can guarantee you that the long term value of the altcoins will drop, maybe this is the highest they will ever go. So if you have not cashed out and want to watch them like an experiment, by all means do so.

Just that there have been many other sore traders who tried to do the same and got burnt. The same people keep saying that they would have made much more had they invested only in bitcoin.

The key to making money from altcoins is to get in early and get out early before the doom hits. Bitcoin will always be the opposite, long term gains.

No matter how likely these listed coins(or most altcoins in general) are to drop, there are absolutely no guarantees. If it was guaranteed, then people would've been successful with shorting things. But alas, it's a lot more complicated than it looks. There's a reason why I had longs on BTC/ETH/SOL/TON — and it's to act as a hedge if everything goes up.