To buy or not to buy?

[Abiky]

Agreed. Altcoins are highly speculative and risky, but comparing them to gambling just isn't fair.

Take Eth, SOL, Bnb and HYPE, for example. They have real usecases and offer actual utility. Some have been around for years and have made huge return for investor. Can gambling do that? How can you lump them in with meme coins and claim investing in them is basically the same as gambling?

Altcoins are gambling because you'll never know when they disappear all of a sudden due to loss of interest or as a result of getting compromised. They're not as reliable as Bitcoin is. Besides, market prices are too volatile. Even in serious cryptocurrencies like the ones you've mentioned. Short-term speaking, their price fluctuations are wild. With "meme" coins, it's worst. I guess that's why many investors prefer to hold only Bitcoin.

If you know how to play your cards right, however, you can take advantage of altcoins' ups and downs to make a lot of money. It's possible to make huge profits by riding the hype, than just waiting for BTC to reach a new ATH. Before investing in an altcoin, you should do your own research. Avoid investing more than what you can't afford to lose, and there should be nothing to worry about.

[Iranus]

Agreed. Altcoins are highly speculative and risky, but comparing them to gambling just isn't fair.

Take Eth, SOL, Bnb and HYPE, for example. They have real usecases and offer actual utility. Some have been around for years and have made huge return for investor. Can gambling do that? How can you lump them in with meme coins and claim investing in them is basically the same as gambling?

Altcoins are gambling because you'll never know when they disappear all of a sudden due to loss of interest or as a result of getting compromised. They're not as reliable as Bitcoin is. Besides, market prices are too volatile. Even in serious cryptocurrencies like the ones you've mentioned. Short-term speaking, their price fluctuations are wild. With "meme" coins, it's worst. I guess that's why many investors prefer to hold only Bitcoin.

I never said altcoin are more reliable than Bitcoin. They're riskier and more volatile, sure, but saying they could disappear at any moment is just ridiculous.

You shouldn't lump top altcoin in with shitcoin. I honestly can't see how a project like ETH, with a market cap in the hundreds of billions, huge ecosystem and approved ETF, would just disappear out of nowhere. How? Just because it's more centralized than Bitcoin? LOL.

Many Bitcoin maxis have been saying ETH would disappear any day now for years, yet Ethereum has been around for over 11 years. That does not mean ETH can't fail. But being high risk does not mean an asset is bound to disappear.

[JamesDaniel90]

Forget Bitcoin honestly. At $80k what are you hoping to achieve next few years? a 2x return? maybe 2.5x if lucky.

Altcoins pump that much in a few weeks when they get moving and many are showing signs of it now.

To make good money in Bitcoin now you either have had to of got in it early years ago, or have big money to invest in it now.

If you are just an average person starting crypto now then need to take more risk, even XRP will outperform Bitcoin next few years.

[BALIK]

Forget Bitcoin honestly. At $80k what are you hoping to achieve next few years? a 2x return? maybe 2.5x if lucky.

Altcoins pump that much in a few weeks when they get moving and many are showing signs of it now.

To make good money in Bitcoin now you either have had to of got in it early years ago, or have big money to invest in it now.

If you are just an average person starting crypto now then need to take more risk, even XRP will outperform Bitcoin next few years.

Which altcoins do you think are gonna pump hard over the next few years? What's your basis for saying that, or are you just taking a gamble?

Another question. How have your altcoins bag done in market lately? Did you actually turn a decent profit off them?

There is nothing wrong with putting money into altcoins. But I don't agree with telling people to forget Bitcoin just because you think alts will bring higher returns, when there's no guarantee that's gonna happen. I mean, let's respect each other's choices.

[JamesDaniel90]

Forget Bitcoin honestly. At $80k what are you hoping to achieve next few years? a 2x return? maybe 2.5x if lucky.

Altcoins pump that much in a few weeks when they get moving and many are showing signs of it now.

To make good money in Bitcoin now you either have had to of got in it early years ago, or have big money to invest in it now.

If you are just an average person starting crypto now then need to take more risk, even XRP will outperform Bitcoin next few years.

Which altcoins do you think are gonna pump hard over the next few years? What's your basis for saying that, or are you just taking a gamble?

Another question. How have your altcoins bag done in market lately? Did you actually turn a decent profit off them?

There is nothing wrong with putting money into altcoins. But I don't agree with telling people to forget Bitcoin just because you think alts will bring higher returns, when there's no guarantee that's gonna happen. I mean, let's respect each other's choices.

Many more will out perform Bitcoin, most alts in the top 20 for sure.

If someone is ok using Bitcoin for a hedge against inflation then great as it will to much better than the starndad 10% people get in safe investments outside of crypto. But if you want bigger returns then you have to invest in alts now that can give you safe 5x or so.

Solana for example did 30x from the low last cycle, something safe like that. Not saying 30x is guaranteed but it shows a 5x at least in alts is very likely.

[BALIK]

Many more will out perform Bitcoin, most alts in the top 20 for sure.

Alright, let's talk about the top 20. Apart from HYPE, a newcomer to the top 20 club, which of the other 19 coins have broken their 2021 ATH? And which ones are up 80% above their previous ATH, as Bitcoin did in the last cycle?

If someone is ok using Bitcoin for a hedge against inflation then great as it will to much better than the starndad 10% people get in safe investments outside of crypto. But if you want bigger returns then you have to invest in alts now that can give you safe 5x or so.

I've never denied altcoins can give you big gains. But everything comes at a price, and not every alt will actually make you money

Solana for example did 30x from the low last cycle, something safe like that. Not saying 30x is guaranteed but it shows a 5x at least in alts is very likely.

Sol is a great example. But  it does not prove altcoins can easily make you a fortune. It went from $300 to $8. Back then, who could say for sure it would survive and recover? How many people were actually willing to put a lot of money into SOL when it fell below $ 10 ? Altcoins can definitely pay off big , but it depends on which coin you pick and when you get in, not just buying at random.