Bitcoin needs Altcoins as much as Altcoins need Bitcoin

[vegasus]

You are right that bitcoin is safe to invest in, while altcoin is riskier but has a greater chance of making a profit.
Responding to whether bitcoin needs altcoins? I think the two have a complementary relationship, because there are many altcoin technologies that Bitcoin doesn't have.

In fact, actually it cannot be said to be safe enough for Bitcoin, meaning there are still risks when investing in Bitcoin. certainly. However, the risk tends to be smaller compared to altcoins, especially if it is for long-term investment. Because, Bitcoin, we all understand, what its cycles and developments are, it is usually easier to read. and the chance to always go up and print a new ATH in every bullrun is much greater compared to altcoins.

Meanwhile, on the other hand, altcoins are quite different. Only the top altcoins can be trusted at least a little. And it also remains a high risk. We might remember how it was with that top coin LUNA. In fact, we didn't expect that Luna would actually go bankrupt and end up becoming a shit coin.

[taufik123]

-snip-
Meanwhile, on the other hand, altcoins are quite different. Only the top altcoins can be trusted at least a little. And it also remains a high risk. We might remember how it was with that top coin LUNA. In fact, we didn't expect that Luna would actually go bankrupt and end up becoming a shit coin.

There will be no 100% confidence in the top coins, we also need to be vigilant, LUNA is indeed one of the real indicators of how the top coins can become a scam in just a few hours and this drags many other coins that end up also dumping.

Who owns LUNA that time suffered a lot of losses, even after the LUNA v2 snapshoot will also not return their money in full and More losses.

[Mr. Magkaisa]

-snip-
Meanwhile, on the other hand, altcoins are quite different. Only the top altcoins can be trusted at least a little. And it also remains a high risk. We might remember how it was with that top coin LUNA. In fact, we didn't expect that Luna would actually go bankrupt and end up becoming a shit coin.

There will be no 100% confidence in the top coins, we also need to be vigilant, LUNA is indeed one of the real indicators of how the top coins can become a scam in just a few hours and this drags many other coins that end up also dumping.

Who owns LUNA that time suffered a lot of losses, even after the LUNA v2 snapshoot will also not return their money in full and More losses.

         -     What you say is true, mate, and many Luna holders have lost money, and their funds have been stuck here. Isn't that lunch now? If I check, that coin is still listed on most exchange site platforms. Maybe because somehow it still achieved the requirements quota in each exchange.

But, of course, don't expect it to return to its previous and original price in the market. Maybe even if it gets pumped, it won't really be like before because the hyped thing has really ended, and I also think it will be really difficult with the high expectations.

[jeraldskie11]

-snip-
Meanwhile, on the other hand, altcoins are quite different. Only the top altcoins can be trusted at least a little. And it also remains a high risk. We might remember how it was with that top coin LUNA. In fact, we didn't expect that Luna would actually go bankrupt and end up becoming a shit coin.

There will be no 100% confidence in the top coins, we also need to be vigilant, LUNA is indeed one of the real indicators of how the top coins can become a scam in just a few hours and this drags many other coins that end up also dumping.

Who owns LUNA that time suffered a lot of losses, even after the LUNA v2 snapshoot will also not return their money in full and More losses.

         -     What you say is true, mate, and many Luna holders have lost money, and their funds have been stuck here. Isn't that lunch now? If I check, that coin is still listed on most exchange site platforms. Maybe because somehow it still achieved the requirements quota in each exchange.

But, of course, don't expect it to return to its previous and original price in the market. Maybe even if it gets pumped, it won't really be like before because the hyped thing has really ended, and I also think it will be really difficult with the high expectations.

It's really impossible for a LUNA to came back to it's original price. LUNA is much stronger now than before where there's a low chance to get dump easily. The marketcap is still huge and this means LUNA still have big investors. But since they broke already the trust of their previous investors, it's hard for them to trust again that's why it can be one of the reason why it's impossible for the price to go back to it's original price. But I still hoping that someday that this coin is going to be huge again.

[bettercrypto]

-snip-
Meanwhile, on the other hand, altcoins are quite different. Only the top altcoins can be trusted at least a little. And it also remains a high risk. We might remember how it was with that top coin LUNA. In fact, we didn't expect that Luna would actually go bankrupt and end up becoming a shit coin.

There will be no 100% confidence in the top coins, we also need to be vigilant, LUNA is indeed one of the real indicators of how the top coins can become a scam in just a few hours and this drags many other coins that end up also dumping.

Who owns LUNA that time suffered a lot of losses, even after the LUNA v2 snapshoot will also not return their money in full and More losses.

         -     What you say is true, mate, and many Luna holders have lost money, and their funds have been stuck here. Isn't that lunch now? If I check, that coin is still listed on most exchange site platforms. Maybe because somehow it still achieved the requirements quota in each exchange.

But, of course, don't expect it to return to its previous and original price in the market. Maybe even if it gets pumped, it won't really be like before because the hyped thing has really ended, and I also think it will be really difficult with the high expectations.

It's really impossible for a LUNA to came back to it's original price. LUNA is much stronger now than before where there's a low chance to get dump easily. The marketcap is still huge and this means LUNA still have big investors. But since they broke already the trust of their previous investors, it's hard for them to trust again that's why it can be one of the reason why it's impossible for the price to go back to it's original price. But I still hoping that someday that this coin is going to be huge again.

What will really happen there in LUNA? LUNC is now a massive pump that will be controlled by its whale investors or manipulators. Then it is also true that his daily volume is still high. And based on its price, the price is low, but the volume is still good somehow.

That means even if you buy only 20 dollars and if, in the upcoming bull run, it also rallies, even if it is only 1 dollar each, you can still make a lot of money when you buy. That's concept trading; as long as there are still many whale investors, there is still a fight that can be considered compared to the time when the Luna or Ftx issue was still fresh.

[Jamal Aezaz]

There will be no 100% confidence in the top coins, we also need to be vigilant, LUNA is indeed one of the real indicators of how the top coins can become a scam in just a few hours and this drags many other coins that end up also dumping.

Who owns LUNA that time suffered a lot of losses, even after the LUNA v2 snapshoot will also not return their money in full and More losses.

Due to LUNA lots of people have lost their huge sum and till now it never recovered back so there are also scam projects that exist in the form of top coins with the highest value.

beside the top coins like Ethereum, Bitcoin, BNB and Solana there will always be a doubt about the success of coins no matter how high its worth is. Just stay away from scam projects and if you know that the project is new and there will be a chance to lose cash then just use a little amount.

[akeemqaz]

You make some fair points. Many traders do rotate between Bitcoin and altcoins. Personally, I prefer pairing altcoin trades with Bitcoin on Bitget's smart portfolio feature. It automatically reinvests any profits from altcoin trades into accumulating more Bitcoin for me

[yohananaomi]

You are right that bitcoin is safe to invest in, while altcoin is riskier but has a greater chance of making a profit.
Responding to whether bitcoin needs altcoins? I think the two have a complementary relationship, because there are many altcoin technologies that Bitcoin doesn't have.

No one doubts that Bitcoin is the safest investment with the smallest risk compared to others, especially when compared to altcoins.
You are right, that bitcoin and altcoins need each other and will not be able to exist until now, because they both complement each other in their respective strengths and weaknesses.
With a high enough price, all those who cannot invest in bitcoin will look for altcoins and when they are new enough they will move to bitcoin.

[taufik123]

Due to LUNA lots of people have lost their huge sum and till now it never recovered back so there are also scam projects that exist in the form of top coins with the highest value.

beside the top coins like Ethereum, Bitcoin, BNB and Solana there will always be a doubt about the success of coins no matter how high its worth is. Just stay away from scam projects and if you know that the project is new and there will be a chance to lose cash then just use a little amount.

The best is still Bitcoin and no other coin can match bitcoin.
When LUNA became a disaster for everyone, but there were those who benefited a lot from the decline of LUNA.
Those who bought at the price crash and then a few hours luna recovered with a lot of profit, but despite recovering LUNA never reached the initial price again.

Crypto is disastrous for those who don't understand how crypto works.
Using small or big money will be the same if they don't know what to do.

[gunhell16]

Of course, we know that if it weren't for Bitcoin, no altcoins would be created. Now,  if there were no altcoins created, bitcoin's dominance in the market would not accelerate. And also because of altcoins, small investors also had a different market to buy crypto, so they could also get a big profit in this field.

Because in today's time, there are actually many crypto investors who believe in crypto investment. And I'm one of those who believe that, as long as we know how to choose potential and non-potential crypto.

[robelneo]

Bitcoin and altcoin benefit each other for users, investors, merchants, and every platform where Cryptocurrency is being used, there were times that Bitcoin transaction fees were very high because of congestion, and altcoins are there to be our alternative.

The market has become attractive to investors because of altcoins' presence, we need altcoins as much as Bitcoin, just imagine we only have one currency in dollars it will be a big disadvantage and as long as these altcoins have usage they contribute to the ecosystem.

[ajiz138]

Bitcoin and altcoin benefit each other for users, investors, merchants, and every platform where Cryptocurrency is being used, there were times that Bitcoin transaction fees were very high because of congestion, and altcoins are there to be our alternative.

The market has become attractive to investors because of altcoins' presence, we need altcoins as much as Bitcoin, just imagine we only have one currency in dollars it will be a big disadvantage and as long as these altcoins have usage they contribute to the ecosystem.

As someone who wants to make a profit, we must be able to utilize all the potential that exists for us to enter it. Bitcoin is the main choice and we can use altcoins to invest too.

As long as it can give us benefits, then why don't we take it? we are required to always look for opportunities and they can come from anywhere, be it bitcoin or altcoins.

There are many opportunities before our eyes, so it would be a shame if we couldn't take advantage of them.

[Faisal2202]

You make some fair points. Many traders do rotate between Bitcoin and altcoins. Personally, I prefer pairing altcoin trades with Bitcoin on Bitget's smart portfolio feature. It automatically reinvests any profits from altcoin trades into accumulating more Bitcoin for me

So what's so unique is that you can do such pair trading on any exchange. I think its a way to use the exchange name in your post, BTW I have seen many posts like these where people promote budget, and what are you getting in returns IYDM?

Overall, your strategy is a good one because trading in alts provides us extra benefits as diversification of our investment is a big strategy that we all should follow if we want to minimize the risk. Let's say there are many tokens in the market that are still green and did not lose a penny while BTC and many of the other alts are going red already and dome even dipped 10% or 30%.

So alts provide us extra leverage here and we should benefit from it. Speaking of your trading pair, it would be a little hard to keep track of all of your funds right? as I tried it and it was a little hard for me to track how much I am making as alts follow BTC so if I invested $10 in BTC to ETH pair, I am making profit mostly eth follow BTC but some times there are coins not following BTC and making you profit but when you trade them in BTC you have money in hands with what you started (means no profit as BTC is down and that alt is not).

[KingsDen]

I have been a believer of co- existence. Before now, many people do not believe that bitcoin needs altcoin. Just today due to mempool congestion, people are running to altcoins for cheap and fast transaction. I know that at a time we must need one component of this great industry, that's why I advocate for co-existence. Be it;
Bitcoin;
Altcoins;
CEXs;
DEXs;
Privacy coins;
etc.

[Aanuoluwatofunmi]

I go with the statement which says altcoins needs bitcoin, we cannot go by the idea which says that bitcoin needs altcoins to survive, that is not possible, Bitcoin is the king of cryptocurrency, the first one and the most reliable digital currency recognized as a means of making payments, bitcoin dictates for what other altcoins should take or be, without bitcoin, no one will like to afford going by any other offer aside Bitcoin before others may comes in.