What is your take on buying weak coins when bitcoin price drops?

[Boldfx]

Since Bitcoin is said to be the costliest of all in the crypto market the fluctuation in its price affects other coins
this is to say when the bitcoin price drops, every other coin drops in their market price so drastically that will be noticed easily making them attractive to buy following the fall
this method will enable one to gain more coins than expected, following the records most of these coins have gone high in time past when the bitcoin price went up so buying more when the price falls seems to be a great trick on acquiring much more coin than expected, this is to say the fall enables us to use less fiat to acquire more coins
will you advice other users to purchase weaker coins when the bitcoin price drops or buy the bitcoin itself?

[pooya87]

That's not how things work.

Bitcoin has the highest price that always keeps going up in the long run because it is the only cryptocurrency that has actual utility and is used in the real world at large scale. Others are either garbage or useless. This is why whenever bitcoin makes any major move (whether rising or dropping) the altcoins all get dumped.

Because they are useless, when they go down it is not a good time to buy because they are still useless and don't have a potential to rise. The only way these shitcoins can go back up again is if they get pumped and pump is not a guaranteed thing which means buying them when they have gotten dumped is a very risky move that most probably lead to loss.
They may go up against dollar later on when bitcoin starts recovering, only because bitcoin price is going up against dollar and they either keep their price against bitcoin or drop only a little against it. But their dollar price will never go up more than bitcoin is (percentage-wise) so there still is no reason to bag-hold them.

[Tamedbeast]

Don't make the same mistake I made, cheap price doesn't equals better adoption, it is wise to go for the most useful coin which is Bitcoin, 50k per Bitcoin might sound like a lot to you but wait till we see 250k per Bitcoin in the future, it won't matter if you are buying at this prices because of adoption rate, bitcoin has it all.

What is the use of buying altcoins that people don't care about? They are all pump and dump, Bitcoin has stronger value, if Bitcoin dumps 10% you will see altcoins dropping 60%, ask yourself why? Because they are shitty, they don't hold value like bitcoin does.

The most annoying part is their chart, try comparing their charts to Bitcoin chart, you will see that Bitcoin has a better chart that always look bullish and reliable than every other alts, mind you many altcoins are already dying, and many more will die if Bitcoin goes into 50k range.

Let your investment be all about quality, value and adoption rate, Bitcoin ticks all this check box for me.

[Bytecoiner419]

It's all a form of "gambling" so its really up to you on how risky you want to go.

I recommend keeping most of your bankroll in Bitcoin and get a few other bags of altcoins. Then, if you want to really gamble, try your luck with Solana tokens but be warned, most tokens last only a few minutes to hours.

[TastyChillySauce00]

Since Bitcoin is said to be the costliest of all in the crypto market the fluctuation in its price affects other coins
this is to say when the bitcoin price drops, every other coin drops in their market price so drastically that will be noticed easily making them attractive to buy following the fall
this method will enable one to gain more coins than expected, following the records most of these coins have gone high in time past when the bitcoin price went up so buying more when the price falls seems to be a great trick on acquiring much more coin than expected, this is to say the fall enables us to use less fiat to acquire more coins
will you advice other users to purchase weaker coins when the bitcoin price drops or buy the bitcoin itself?

A big no, a weaker coin doesn't mean a stronger pump. In fact, it's the opposite. A low volume coin usually never go up after a big dump because everybody is dumping their coin and will never come back.
Altcoins are everywhere, being deployed everyday, and hype always changes. If you bought a weak coin, you're probably gonna lose your entire money becoming exit liquidity. Just buy bitcoin.

[Oasisman]

High risks, high rewards. Low risks, low rewards. It's really up to you and your due diligence.
Weak coins, by definition, are those with low adoption, poor technical infrastructure, and a lack of transparency. These types of coins are susceptible to pump and dump. However, this is not always gonna be the case, most of the time, they just don't do anything. You're just basically throwing some money in there and hoping it will hit some jackpot. Most weak coins are designed only for that purpose, and I know sometimes it is too tempting to put some money in there just because we have seen some cases (a few handful cases) where some people made a huge profit from it. However, do it cautiously and don't put everything in there. Diversification is still the best way to do it, but put most of them into Bitcoin or other coins with actual utility.

[Hamza2424]

Because they are useless, when they go down it is not a good time to buy because they are still useless and don't have a potential to rise. The only way these shitcoins can go back up again is if they get pumped and pump is not a guaranteed thing which means buying them when they have gotten dumped is a very risky move that most probably lead to loss.
They may go up against dollar later on when bitcoin starts recovering, only because bitcoin price is going up against dollar and they either keep their price against bitcoin or drop only a little against it. But their dollar price will never go up more than bitcoin is (percentage-wise) so there still is no reason to bag-hold them.

I can understand where you are coming from and I also agree that Bitcoin is the strongest fundamentals compared to alts. however saying that alta are completely useless might be a bit too harsh. Because bro, some alts do have unique use cases and technologies behind them. it's just that most fail to maintain their long term value and they are not adopted like Bitcoin does. In many ways, Bitcoin is the greatest of all time.

Alts have always followed Bitcoin but the rate was not same and another problem with weaker coins during the dips like this is, we never know if they will ever pump because on the way to next bull run, they might lose their relevance or hype. So while it might look attractive at the moment, it is risky approach unless someone really know what they are involving in.

[X-ray]

Buying shitcoin is the worst bet ever, you get all the downside potential, even going to zero which wouldn't be possible with bitcoin and you got mediocre gain.

When in situation where you contemplate whether to buy shitcoin or bet on bitcoin, remember the data published by CZ where bitcoin holders outperform almost all of shitcoin traders including buyers.

You just need to hold bitcoin and you're winning in a long term.

[m2017]

Since Bitcoin is said to be the costliest of all in the crypto market the fluctuation in its price affects other coins
this is to say when the bitcoin price drops, every other coin drops in their market price so drastically that will be noticed easily making them attractive to buy following the fall
this method will enable one to gain more coins than expected, following the records most of these coins have gone high in time past when the bitcoin price went up so buying more when the price falls seems to be a great trick on acquiring much more coin than expected, this is to say the fall enables us to use less fiat to acquire more coins
will you advice other users to purchase weaker coins when the bitcoin price drops or buy the bitcoin itself?

Weaker coins have a very "unpleasant" feature: they may not rise in price or even "die". This makes them extremely risky compared to bitcoin (which is also NOT a very reliable investment asset from a traditional financial market perspective).

Are you suggesting selling bitcoin while holding it and using the money to buy weaker coins, which will likely rise in price more than bitcoin in the future? This gamble could be successful, or it could be unsuccessful. In my opinion, it's better to go slow and invest in bitcoin. While this may not yield incredible returns, it also eliminates unnecessary risks. Therefore, I wouldn't recommend buying weak coins (i.e., doing something I wouldn't want to do myself).