To buy or not to buy?

[Abiky]

It depends how you look at altcoins, there are many that have done well.

Look at Zcash and Quant for example, Zcash is up like 20x or something this year and quant pumped 500% in just a week back in September and what did Bitcoin do during that time? Nothing.

Its about finding top altcoins with real use case that can give 5x,10x even 20x returns and there are many altcoins that will do that.

Im not saying gamble on meme coins, im saying buy altcoins with real use that will be around for many years to come.

ZEC's price movements are only a result of hype. If you held ZEC before the "pump", then you'd consider yourself lucky. However, I have my doubts whenever this coin will be able to retain such high prices for long. Unlike Monero, ZEC is driven with corporate interests in mind (the Electric Coin Company). Besides, all CEXs require you to use t_addresses (which stands for transparent addresses) on the Zcash Blockchain to buy/sell coins. Monero don't have this kind of issue (AFAIK). It's private by default.

If you're only interested in making money, however, ZEC proves to be quite a profitable short-term investment. The decision is ultimately yours. I'd "stick" with ETH, LTC, and a few other coins with smart contract capabilities (SOL, BNB, etc). The market is unpredictable, so anything can be expected.

[free-bit.co.in]

I am 100% altcoins. Dont own any Bitcoin yet, but do plan too.

Us altcoin holders have just been waiting for a good run for altcoins to happen so we can then sell profits to then put into Bitcoin.

Altcoins have been down against Bitcoin for over 5 years now, but i do feel sometime next year that will change and when it does that is when i will sell my alts and then put a lot of the profits into Bitcoin to hold long term.

Not a bad plan , but not a new one either. Plenty of people have done the same thing before you. But you know what? Most of them ended up in red, since alts are way riskier and their fundamentals aren't nearly as solid as BTC.

If alts were that easy, why even switch to BTC later ?  And if they have got that much potential, would not just holding them make more sense? Tbh,  I tend to be pretty sceptical of people who say they're gonna go into BTC once they are in profit on altcoin.

Final,  mate, buy and sell based on what you actually know and where market is right now, not just what you expect.

[JamesDaniel90]

I am 100% altcoins. Dont own any Bitcoin yet, but do plan too.

Us altcoin holders have just been waiting for a good run for altcoins to happen so we can then sell profits to then put into Bitcoin.

Altcoins have been down against Bitcoin for over 5 years now, but i do feel sometime next year that will change and when it does that is when i will sell my alts and then put a lot of the profits into Bitcoin to hold long term.

Not a bad plan , but not a new one either. Plenty of people have done the same thing before you. But you know what? Most of them ended up in red, since alts are way riskier and their fundamentals aren't nearly as solid as BTC.

If alts were that easy, why even switch to BTC later ?  And if they have got that much potential, would not just holding them make more sense? Tbh,  I tend to be pretty sceptical of people who say they're gonna go into BTC once they are in profit on altcoin.

Final,  mate, buy and sell based on what you actually know and where market is right now, not just what you expect.

You switch to BTC later as ultimately it is the safest play for the long term.

If I am lucky enough get a 10x for example with an altcoin, why would i risk continuing to hold it when it can crash back down at any point.

I plan to sell my alts near the next cycle high, wait for Bitcoin to come down a bit from its next high , and then buy bitcoin with the alt profits.

[free-bit.co.in]

You switch to BTC later as ultimately it is the safest play for the long term.

If I am lucky enough get a 10x for example with an altcoin, why would i risk continuing to hold it when it can crash back down at any point.

I plan to sell my alts near the next cycle high, wait for Bitcoin to come down a bit from its next high , and then buy bitcoin with the alt profits.

Say you get lucky with a 10x on an alt, you'll start thinking why bother rotating into BTC when making money on alts is this easy. Instead, you'll keep looking for other alts to invest in, hoping to hit another 10x, rather than moving into BTC.

iirc, this plan of selling your alts isn't new. You were already planning it back in the last bull run, right? Yet here we are, you kept putting it off . What guarantee is there you won't keep doing the same down the line?

That's why I doubt anyone who says they'll rotate into BTC after making profits on alts 

[Rengga Jati]

I am 100% altcoins. Dont own any Bitcoin yet, but do plan too.

You should start buying Bitcoin. Bitcoin is the most recommended crypto asset. It is surprising that you have no Bitcoin in your wallet.

Us altcoin holders have just been waiting for a good run for altcoins to happen so we can then sell profits to then put into Bitcoin.

If your goal is to convert your capital to Bitcoin, why you don't invest in Bitcoin since the beginning? It will be more effective if you invest in Bitcoin earlier. You actually can invest in Bitcoin and altcoins together. So you don't need to sell your altcoins and then you buy Bitcoin.

Altcoins have been down against Bitcoin for over 5 years now, but i do feel sometime next year that will change and when it does that is when i will sell my alts and then put a lot of the profits into Bitcoin to hold long term.

There are still some altcoins which can increase well. Yes, I agree that there is still a chance for altcoins to surprise us. But since the investors become more mature, I'm sure there will be no big surprise as in the past. People prefer to buy Bitcoin now, only some people who want to focus on altcoins.

[JamesDaniel90]

I am 100% altcoins. Dont own any Bitcoin yet, but do plan too.

You should start buying Bitcoin. Bitcoin is the most recommended crypto asset. It is surprising that you have no Bitcoin in your wallet.

Us altcoin holders have just been waiting for a good run for altcoins to happen so we can then sell profits to then put into Bitcoin.

If your goal is to convert your capital to Bitcoin, why you don't invest in Bitcoin since the beginning? It will be more effective if you invest in Bitcoin earlier. You actually can invest in Bitcoin and altcoins together. So you don't need to sell your altcoins and then you buy Bitcoin.

Altcoins have been down against Bitcoin for over 5 years now, but i do feel sometime next year that will change and when it does that is when i will sell my alts and then put a lot of the profits into Bitcoin to hold long term.

There are still some altcoins which can increase well. Yes, I agree that there is still a chance for altcoins to surprise us. But since the investors become more mature, I'm sure there will be no big surprise as in the past. People prefer to buy Bitcoin now, only some people who want to focus on altcoins.

1. I don’t invest in Bitcoin because my top altcoins I hold will outperform it next few years and see better returns.

2. I don’t buy Bitcoin now because my top altcoins will see better returns.

Bitcoin is not everything, look at Zcash this year for example it did a 20x from the low while Bitcoin just went down. All those investing in Bitcoin missed out on a lot of returns ignoring some altcoins this year.

[CucakRowo]

1. I don’t invest in Bitcoin because my top altcoins I hold will outperform it next few years and see better returns.

2. I don’t buy Bitcoin now because my top altcoins will see better returns.

Bitcoin is not everything, look at Zcash this year for example it did a 20x from the low while Bitcoin just went down. All those investing in Bitcoin missed out on a lot of returns ignoring some altcoins this year.

1.Well.. you are not totally wrong that alts can outperform Btc. It's just not guaranteed, tho. Last cycle, Btc did better than most of top alts.

2.Agreed, Btc isn't everything and it is not the only asset that makes money. Going too heavy on it can make you miss out on bigger opportunities. But again, having zero BTC in your portfolio is pretty risky.
Protect your capital first, chase profits second. That's Investing 101, like someone above already pointed out to you.

[JamesDaniel90]

1. I don’t invest in Bitcoin because my top altcoins I hold will outperform it next few years and see better returns.

2. I don’t buy Bitcoin now because my top altcoins will see better returns.

Bitcoin is not everything, look at Zcash this year for example it did a 20x from the low while Bitcoin just went down. All those investing in Bitcoin missed out on a lot of returns ignoring some altcoins this year.

1.Well.. you are not totally wrong that alts can outperform Btc. It's just not guaranteed, tho. Last cycle, Btc did better than most of top alts.

2.Agreed, Btc isn't everything and it is not the only asset that makes money. Going too heavy on it can make you miss out on bigger opportunities. But again, having zero BTC in your portfolio is pretty risky.
Protect your capital first, chase profits second. That's Investing 101, like someone above already pointed out to you.

You really don't need Bitcoin.  Those who say you do got in many years ago when it was below $20k when it was worth buying and holding, it hasn't got the same attraction to it now at $74k.

How long will it take for it to 10x from current price? Probably somewhere in the 7-10 year range. That's too long for me to wait for a 10x when many top alts will do that in the next 1-2 years.    And there is also no guarantee it does a 10x from current price.

[CucakRowo]

You really don't need Bitcoin.  Those who say you do got in many years ago when it was below $20k when it was worth buying and holding, it hasn't got the same attraction to it now at $74k.

How long will it take for it to 10x from current price? Probably somewhere in the 7-10 year range. That's too long for me to wait for a 10x when many top alts will do that in the next 1-2 years.    And there is also no guarantee it does a 10x from current price.

Gotcha.
If you're chasing 10-20x in the next year or two, then yeah, you don't need Btc.
It's not gonna get you there, pretty much zero chance of that happening. Alts it is, then.
I just hope you know what you're doing, tho.
There is no free lunch here. If you want a shot at 10-20x, you gotta be ready to lose most of your capital if it does not pan out.
And don't let the few alts that went parabolic blind you, plenty of others never came back from the dump.

[JamesDaniel90]

You really don't need Bitcoin.  Those who say you do got in many years ago when it was below $20k when it was worth buying and holding, it hasn't got the same attraction to it now at $74k.

How long will it take for it to 10x from current price? Probably somewhere in the 7-10 year range. That's too long for me to wait for a 10x when many top alts will do that in the next 1-2 years.    And there is also no guarantee it does a 10x from current price.

Gotcha.
If you're chasing 10-20x in the next year or two, then yeah, you don't need Btc.
It's not gonna get you there, pretty much zero chance of that happening. Alts it is, then.
I just hope you know what you're doing, tho.
There is no free lunch here. If you want a shot at 10-20x, you gotta be ready to lose most of your capital if it does not pan out.
And don't let the few alts that went parabolic blind you, plenty of others never came back from the dump.

I am aware of the risk.

The top 4 alts in my portfolio are all in the current top 30 so its pretty safe.

I'm not expecting 100x or anything like that but am expecting all of them to outperform bitcoin next few years.