Not every crypto is like bitcoin.

[Numeral]

The logic is understandable and valid. However, in fairness, it should be noted that meme coins such as DOGE have become quite stable over the years, although, of course, they are more volatile than Bitcoin and do not have the same fundamentals as Bitcoin. Accordingly, investing in DOGE, for example, can result in significant losses if the tide turns and support for this cryptocurrency ceases. When it comes to newer meme coins, the risks can be even greater, and it is possible to lose almost the entire amount of your holdings very quickly, which is often the case. In general, comparing the potential of Bitcoin and any memecoin is trivial, but beginners and even experienced investors manage to disregard simple rules and make mistakes when investing.

[Byebyebtc]

No crypto is Bitcoin, although there are other coins that have become stable, but you can't still compare them to Bitcoin, you know investing in these coins is more risk and to take and has no back up proof that it will be productive on a long run,
On a normal day before you invest in any thing you must be clear of the risks involved, you must also know the progress rate of what you are Investing on, and it has to be higher if not you are literally gambling. There are better ways to gamble.

[Vaculin]

Sometimes, the influence from your peers or the influence you gained from the social media influencers is the reason why you end up investing on meme coins. Just because they are profitable because they claim it, you have to believe on them. Their success could sometimes be your downfall, that is why never invest on coins that you have not made prior research, and never invest on the coins that you have no assurance that they can bring success to you in the future.

Its still better to focus on bitcoin, because people have known it well already.

[Kelvinid]

That's true, that's why you don't have to trust other coins just like how you trusted bitcoin. The meme coins are just shilled coins, once nobody care to shilled it anymore, the value also withered and dies.

Bitcoin is bitcoin, meme coins are not, that is why you have to be careful not to fall investing on them.

[colinistheman]

Sometimes, the influence from your peers or the influence you gained from the social media influencers is the reason why you end up investing on meme coins. Just because they are profitable because they claim it, you have to believe on them. Their success could sometimes be your downfall, that is why never invest on coins that you have not made prior research, and never invest on the coins that you have no assurance that they can bring success to you in the future.

Its still better to focus on bitcoin, because people have known it well already.

People who invest in altcoins, memes are out of greed, they want to get rich quick, it's not anyone's fault. If it were me, I wouldn't blame my friends or celebrities if I lost money because of memes. Because it was my fault, I couldn't control my greed.

No investment is guaranteed to bring us profit, including bitcoin. Bitcoin is just safer, it doesn't guarantee or make anything certain.
Focusing on bitcoin is a way to mitigate risk, not to guarantee anything. You can also lose money if you invest without doing your research, studying thoroughly, and investing only on the advice of others or FOMO.

[woez]

No crypto is Bitcoin, although there are other coins that have become stable, but you can't still compare them to Bitcoin, you know investing in these coins is more risk and to take and has no back up proof that it will be productive on a long run,
On a normal day before you invest in any thing you must be clear of the risks involved, you must also know the progress rate of what you are Investing on, and it has to be higher if not you are literally gambling. There are better ways to gamble.

It's very different, and if anyone claims that my coin, initialed A, and coin B also have the same characteristics and functions as BTC, I think it's just a sweetener in their whitepapers to make them look attractive and attract more investors.

Developers, as we've seen, now easily mint new coins or tokens, and when they feel they've made enough profit, they're not afraid to dump them, ignoring the fate of their backers' money. Therefore, we shouldn't be swayed by the temporary market upswings they create, even if we're under pressure and have seen the value of our assets plummet due to the past correction.

If we hold BTC, don't let our mentality waver when we see the price drop, and it's positive that it will rebound eventually. Look at today's price. I opened it this morning and saw BTC at $90,500 after the recent $80,000 correction. Others may follow, but others probably won't, except for major altcoins that have performed well so far, like Ethereum.

[Umulala-alala]

When you say not every crypto is like bitcoin you make it more complicated, bitcoin is also part of crypto and it's also the most trusted coin to buy and also hodl for long, we shouldn't be fucking around memecoin or shitcoins, you can't even hodl for long because they are seen to be pump and dump coin. Investing in altcoins will more risky i believe why people invest in them is to make quick money and most of the loss all they have while been greed to chasing quick money.

[john_egbert]

When you say not every crypto is like bitcoin you make it more complicated, bitcoin is also part of crypto and it's also the most trusted coin to buy and also hodl for long, we shouldn't be fucking around memecoin or shitcoins, you can't even hodl for long because they are seen to be pump and dump coin. Investing in altcoins will more risky i believe why people invest in them is to make quick money and most of the loss all they have while been greed to chasing quick money.

Do big caps fall sharply that much? I wouldn't say so. More than BTC, surely, but they are reliable and are on the market for long enough too.

BTC is just better in the long run.

[Royal Cap]

I think people often think badly of altcoins just by comparing them to Bitcoin but not all coins have the same purpose. There are some coins that are really experimental no one knows if they will stand up to scrutiny, then there are some that are trying to solve other problems, In my opinion investing in altcoins is not entirely wrong but it does not guarantee you will hold it like Bitcoin, so if someone wants to get in it should be with a clear understanding and if you really want to have fun gambling it is better to do it in a clear gambling place, at least you know what you are playing.

[Judith87403]

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.

I pity people who actually believe that these new coins can actually be like Bitcoin. Bitcoin is way beyond their league, it’s safer to invest in, safer to HODL and safer to own. I know a lot of meme coins out there may say a lot of there about their projects to create hype and FOMO, but in the long run, it only trends for a while and it’s only fun while it lasts, and holding it can be very dangerous as it’ll result to you holding the bag when the token is finally dumped.

[hero_the_bossman]

I think people often think badly of altcoins just by comparing them to Bitcoin but not all coins have the same purpose. There are some coins that are really experimental no one knows if they will stand up to scrutiny, then there are some that are trying to solve other problems, In my opinion investing in altcoins is not entirely wrong but it does not guarantee you will hold it like Bitcoin, so if someone wants to get in it should be with a clear understanding and if you really want to have fun gambling it is better to do it in a clear gambling place, at least you know what you are playing.

Big caps - I think they can be hodled and such, because they already proved they are here to stay, yet the situation with them is not as certain as with BTC, so, everybody choose their own medicine

[Humblevirus]

In my opinion investing in altcoins is not entirely wrong but it does not guarantee you will hold it like Bitcoin, so if someone wants to get in it should be with a clear understanding and if you really want to have fun gambling it is better to do it in a clear gambling place, at least you know what you are playing.

The reasons why most people are fully against altcoin investment and tell others to stay away from it are mainly because newbies often invest in the wrong altcoins. They think an altcoin is just like Bitcoin and believe it may be worth holding for a long time. I have seen many people invest in some shitcoins thinking they will hold them long term, and that maybe when the price reaches Bitcoin  level they will sell. But after just a few weeks, the token dumps, and that is usually the end of the investment.

Another reason is that scammers now hide under altcoin projects to scam people. That is why altcoins are now seen as gambling and not considered investments, because almost all altcoins pump and dump. It’s not that there are no good altcoins, but very few exist. And who even knows what will happen in the future to those few altcoins?

[Smack That Ace]

I think people often think badly of altcoins just by comparing them to Bitcoin but not all coins have the same purpose. There are some coins that are really experimental no one knows if they will stand up to scrutiny, then there are some that are trying to solve other problems, In my opinion investing in altcoins is not entirely wrong but it does not guarantee you will hold it like Bitcoin, so if someone wants to get in it should be with a clear understanding and if you really want to have fun gambling it is better to do it in a clear gambling place, at least you know what you are playing.

You are so right. Many altcoins don't follow the direction of bitcoin, many of them focus on smart contracts, infrastructure, scalability, real world applications. Not all are as geared towards decentralization and privacy as bitcoin. However, many people judge altcoins by the same standards as Bitcoin, which leads them to misinterpret and draw misleading conclusions.

There is nothing wrong with investing in altcoins, many of them are worth investing in, not all of them are bad as many bitcoin maximalists are spreading. However, there is no denying that altcoins are very risky and investing in them is not suitable for the crowd. Only those who are knowledgeable, understanding and willing to take risks should invest in them.

[WhoYouCantKill]

You are correct to say that different assets operate on different timelines. Bitcoin appears to follow gradually, with little longer cycles, hence making it a reasonable strategy to hold. Many memecoins move in the short bursts controlled by hype, instead of fundamentals, therefore treating them like long-term investments mostly ends badly. Generally altcoins has higher risk and requires active management. Comparing your strategy to the kind of assets really matters. To hold works for Bitcoin as it is of it maturity and demand, it isn't because the method fits the whole market.

[Fara Chan]

I pity people who actually believe that these new coins can actually be like Bitcoin. Bitcoin is way beyond their league, it’s safer to invest in, safer to HODL and safer to own. I know a lot of meme coins out there may say a lot of there about their projects to create hype and FOMO, but in the long run, it only trends for a while and it’s only fun while it lasts, and holding it can be very dangerous as it’ll result to you holding the bag when the token is finally dumped.

Any meme coin will never be the same as Bitcoin because meme coins are prone to being dumped by large holders once their price targets are reached. I would never compare Bitcoin to anything, especially meme coins whose market cap is still unclear and far from Bitcoin's. And I also quite agree with what you said: holding any meme coin is very risky, and the risk itself is more likely to result in losses than gains. Because a massive dump into the market is bound to happen on the meme coin side, which can happen unexpectedly.

[goldkingcoiner]

There are categories under cryptocurrencies and each category has a timeframe. They say that memecoins have a timeframe of only minutes or hours. Basically meaning it trends for only that timeframe and that’s when you should trade. But Layer 1s may have days for its timeframe allowing you more flexibility.

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.

Every other cryptocurrency is basically a copy paste of Bitcoin with some add ons.

That is how I see it.

And most of these altcoins are completely hyped up for no reason other than the fact their volatility is so high that people hope to make a nice trading profit. But the reality is that the volatility is only so high because the volume is so low. So you are stuck with the coins because there is nothing in the orderbook that you can sell, even if they do go up 1000%

[Alpha Marine]

But here I see that you have said not to hold mem coins at all and not to think such confused thoughts, is it really reasonable? If I want to hold meme coins along with my bitcoin investment, it will depend on my personal situation. If I think it can be good then I will hold it. But it is not right to make bad comments about mem coins at all.

Whatever you do depends on your personal situation or opinion. OP has given his own two cents on the matter, and if you don't want to take it, it's fine. Everybody has their views on things.
However, I support OP in this. How do you hold memcoins? First of all, how long do you want to hold the meme? Memes depend on hype, and once the hype is gone, the coin is gone. Funny enough, the hype lasts for about a month at most. There is proof of this. We are not just saying this because we are fans of Bitcoin. We have seen different celebrities and public figures use this hype to get money out of the market by launching their own coins.

There is also the fact that memes are developed simply to get the developers richer. Once they've gotten the desired money they wanted from the project, they shut up shop. These thins are not tings we just pull out of our asses, it's things that re happening regularly and we can see them.

[LeyMonte]

If you mix these two things together, Crypto and Bitcoin, the matter will become messy because bitcoin and all the other coins in the market are a part of crypto. I don't know what he meant here, did he mean every coin in the market by every crypto? I was a little embarrassed by the subject of this post then after reading his post, I realized that he meant all the coins in the market. Bitcoin and altcoins in the crypto market are different. If you invest in bitcoin for the long term, you get good benefits, and everyone selects the top altcoins for investment in a short time.

[OgNasty]

No other crypto is like Bitcoin.  That simple fact that can never be skirted is that Bitcoin was first and is the only cryptocurrency that can truly be trusted as being legitimate.

In my opinion, all other cryptos were created so that their creator can earn more Bitcoin.

Sure, some were created out of necessity and fill the gaps where Bitcoin has been stunted, but I wouldn't use them as savings.  It is always a trade.  Staking helps provide some value over time, but I think everything will struggle to keep up with Bitcoin's value.  It is the King of crypto like the US Dollar is the King of fiat.

[Adams0001]

Bitcoin is really safe compared to other coins. If not for anything, we have seen bitcoin's price movements for years and can tell from experience how safe it is. Even though there are still some altcoins that don't ride with the hype, the first coin to be recommended to a newbie should be bitcoin. It may not appreciate faster like memecoins do, but at least they'll all have the guarantee that they do not put their investments at risk of losses within the twinkle of an eye. Safety first before thinking of massive profit in a very short while.

This is the same Bitcoin everyone was panicking that it will fall and some institutional investors are going to lose all their investments but the same Bitcoin is back.trading at $90k like a joke. I'm very sure that alot of people didn't see this price coming, they rely on the information and FUD they were getting thinking that the market will dump and so everyone is taking their profits from the market trying to reduce any loss further, the dump looks structure and like an attack.

If you want to buy Bitcoin, don't listen to what people are saying otherwise. They don't have Bitcoin and they are always against having it. They prefer to leave you not having anything so they can go back to nothing. Aside from Bitcoin, we have people that are doing this in real life.

Anyone that said he will be waiting for others to talk before he can invest in Bitcoin, i think is just wasting is time and he will lose the opportunity to make him profitable in Bitcoin. Everyone will just be talking about how bitcoin will be but in there on view because nobody can no how bitcoin will be because if people can predict bitcoin i think everyone will be rich with it, and he will probably lose value because anything you can predict and he always comes true many People will rush it and learn and bitcoin will be easy and he won't be increasing the way we will think he will be.

Bitcoin can't be predicted we should just invest when we have money and leave it for long term and wait for the profits because if you says you will be waiting for the price to drop before investing that is how you will continue losing opportunity, many people said bitcoin will reach $70k since they see he as reach 80k when the price is volatile but now the price as increased to 90k and some people are waiting for the price to reach there target before buying and you don't know or the targets you set bitcoin won't reach that again he will just be increasing.