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Author Topic: Bitcoin needs Altcoins as much as Altcoins need Bitcoin  (Read 4162 times)

Offline LUCKMCFLY

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #90 on: May 14, 2024, 06:13:38 PM »
~ ~ ~

And I think something, if we diversify into crypto we should obviously have bitcoin and some small part in altcoins, although altcoins will always be very easy for the investment to fall, but we have to have them, but no, we don't have to put all our money in just crypto, also in real estate and in other types of investment, at least in the olibors they recommend it that way, in the case of saltcoins, there are many, in fact there are some that have returns so great that they exceed the profit levels that One hopes, but they are pump and dump coins, however this is valid, I believe a lot in safe altcoins like ETH, Moero, among others, but you still shouldn't trust yourself.

Investment instruments are very diverse, ranging from low-risk assets to high-risk assets.
And what I mean by diversification here is about crypto investments.
Cryptocurrency is just one investment instrument, Real estate, Stocks, Gold, etc are other investment instruments.
I am not a financial advisor and I'm not trying to tell you to put all your money into crypto :)

No, not at all, I understand what you mean, I just was complementing what you said about diversifying only in crypto, because I know that it is a very good option , other than doing it in this way is not a bad idea, we all know what we are waiting for the Halving effect and it has not yet passed, we are also waiting for the effect of the ETFs, although I am not sure if it has already passed when it reached $73k, but in accordance with this, it could be that by 2025 things happen, then At this time it is good to get a good project where you buy cheap and wait for a new ATH to Arrive and then take advantage of 3x, 4x of any tokens or crypto, although this will always be a risk.
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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #90 on: May 14, 2024, 06:13:38 PM »

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Offline JISAN

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #91 on: May 14, 2024, 06:55:24 PM »
The crypto ecosystem is one, and if you fail to realise that, it means your heart was not in the right place to begin with.

I think people can do whatever they want with their money.

Personally, I hold 85%+ btc and just 10% of ethereum and 5% or less of others.

But I do like to use ltc xmr usdt usdc to move my money around. Specially now that bitcoin fees are high . But I believe bitcoin fees will come back to normal and I can sell those coins...

There are also appearing now second layer solutions for bitcoin, like L-BTC (Liquid). Which is quite interesting.
Bitcoin has created confidence in the minds of all crypto users, which is why everyone, even if not investing in altcoins, has a small amount of investment in Bitcoin. I keep 50% of my crypto investments in bitcoin and another 50% in altcoins but 50% in just one bitcoin and the other 50% in many altcoins. Because I can't trust altcoins as much as I can trust bitcoin. I think the question of trust arises in everyone which is why everyone trusts Bitcoin so much

Offline $crypto$

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #92 on: May 14, 2024, 08:37:21 PM »
Bitcoin has created confidence in the minds of all crypto users, which is why everyone, even if not investing in altcoins, has a small amount of investment in Bitcoin. I keep 50% of my crypto investments in bitcoin and another 50% in altcoins but 50% in just one bitcoin and the other 50% in many altcoins. Because I can't trust altcoins as much as I can trust bitcoin. I think the question of trust arises in everyone which is why everyone trusts Bitcoin so much
I think so too, many people would allocate more of their money to bitcoin than bitcoin, including me. I try to maximize Bitcoin, on the other hand I also don't want to miss the potential that altcoins have.

It's a shame if we see good potential, but we don't try to utilize it well, so allocating to invest in bitcoin and also in altcoins is a good choice that I can do.

Maybe for some people they only focus on bitcoin, but that's fine because it comes down to our own desires.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #93 on: May 16, 2024, 08:23:20 AM »
Bitcoin has created confidence in the minds of all crypto users, which is why everyone, even if not investing in altcoins, has a small amount of investment in Bitcoin. I keep 50% of my crypto investments in bitcoin and another 50% in altcoins but 50% in just one bitcoin and the other 50% in many altcoins. Because I can't trust altcoins as much as I can trust bitcoin. I think the question of trust arises in everyone which is why everyone trusts Bitcoin so much
Everyone certainly agrees with you that every crypto user can be sure that the first investment they think about is Bitcoin, because Bitcoin carries very little risk and produces very big returns. What you have done is a good action that is divided in half between bitcoin and altcoin for investment. Of course, there are lots of altcoins to choose from, and you can choose which ones are in line with bitcoin, such as ethereum, bnb, sol., Because they are altcoins which always stick to each movement with bitcoins always complementing each other.
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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #94 on: May 16, 2024, 10:14:28 AM »
Everyone certainly agrees with you that every crypto user can be sure that the first investment they think about is Bitcoin, because Bitcoin carries very little risk and produces very big returns. What you have done is a good action that is divided in half between bitcoin and altcoin for investment. Of course, there are lots of altcoins to choose from, and you can choose which ones are in line with bitcoin, such as ethereum, bnb, sol., Because they are altcoins which always stick to each movement with bitcoins always complementing each other.

The thing is, with Bitcoin you are getting predictable returns in a short time period compared to many traditional kinds of investments such as real estate, stocks, index funds, ... etc but still that is not enough for many people who want to get rich now. So what do they do? They don't buy altcoins, they go full degen and buy any memecoin or joke that they can find, hoping that it makes them a millionaire overnight. When that's simply not how it works.
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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #95 on: May 16, 2024, 07:23:10 PM »

No, not at all, I understand what you mean, I just was complementing what you said about diversifying only in crypto, because I know that it is a very good option , other than doing it in this way is not a bad idea, we all know what we are waiting for the Halving effect and it has not yet passed, we are also waiting for the effect of the ETFs, although I am not sure if it has already passed when it reached $73k, but in accordance with this, it could be that by 2025 things happen, then At this time it is good to get a good project where you buy cheap and wait for a new ATH to Arrive and then take advantage of 3x, 4x of any tokens or crypto, although this will always be a risk.

Ah, my bad. I read too fast :) Thanks for the clarification.

The halving will not immediately change the price of BTC, but if history repeats, the halving's effect on the price will take a few months.
One of the things that could increase Bitcoin prices post-halving is the trend of Bitcoin ETF fund inflows which reflects investor sentiment towards the Bitcoin halving.

FYI. Millenium Management, one of the largest hedge funds in the world, has bought $2B of Bitcoin via ETFs.
https://twitter.com/danheld/status/1790859122881056847

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #96 on: May 16, 2024, 10:17:31 PM »

No, not at all, I understand what you mean, I just was complementing what you said about diversifying only in crypto, because I know that it is a very good option , other than doing it in this way is not a bad idea, we all know what we are waiting for the Halving effect and it has not yet passed, we are also waiting for the effect of the ETFs, although I am not sure if it has already passed when it reached $73k, but in accordance with this, it could be that by 2025 things happen, then At this time it is good to get a good project where you buy cheap and wait for a new ATH to Arrive and then take advantage of 3x, 4x of any tokens or crypto, although this will always be a risk.

Ah, my bad. I read too fast :) Thanks for the clarification.

The halving will not immediately change the price of BTC, but if history repeats, the halving's effect on the price will take a few months.
One of the things that could increase Bitcoin prices post-halving is the trend of Bitcoin ETF fund inflows which reflects investor sentiment towards the Bitcoin halving.

FYI. Millenium Management, one of the largest hedge funds in the world, has bought $2B of Bitcoin via ETFs.
https://twitter.com/danheld/status/1790859122881056847
Before the halving occurred, it seemed like the ETF effect had indeed occurred on Bitcoin, but it seemed like it would continue to happen again, and it would still take time after the halving, Because there could be a correction first and that is natural and very good for investors to continue buying and will provide encouragement for Bitcoin to increase sharply.
While waiting for the 4-year period which falls in 2025, there will be a lot of turmoil, and we have to be ready for that.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #96 on: May 16, 2024, 10:17:31 PM »


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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #97 on: May 17, 2024, 10:27:58 PM »

No, not at all, I understand what you mean, I just was complementing what you said about diversifying only in crypto, because I know that it is a very good option , other than doing it in this way is not a bad idea, we all know what we are waiting for the Halving effect and it has not yet passed, we are also waiting for the effect of the ETFs, although I am not sure if it has already passed when it reached $73k, but in accordance with this, it could be that by 2025 things happen, then At this time it is good to get a good project where you buy cheap and wait for a new ATH to Arrive and then take advantage of 3x, 4x of any tokens or crypto, although this will always be a risk.

Ah, my bad. I read too fast :) Thanks for the clarification.

The halving will not immediately change the price of BTC, but if history repeats, the halving's effect on the price will take a few months.
One of the things that could increase Bitcoin prices post-halving is the trend of Bitcoin ETF fund inflows which reflects investor sentiment towards the Bitcoin halving.

FYI. Millenium Management, one of the largest hedge funds in the world, has bought $2B of Bitcoin via ETFs.
https://twitter.com/danheld/status/1790859122881056847
Before the halving occurred, it seemed like the ETF effect had indeed occurred on Bitcoin, but it seemed like it would continue to happen again, and it would still take time after the halving, Because there could be a correction first and that is natural and very good for investors to continue buying and will provide encouragement for Bitcoin to increase sharply.
While waiting for the 4-year period which falls in 2025, there will be a lot of turmoil, and we have to be ready for that.

Yes, in fact that is what mainly matters because basically the things when trying to generate a way to win with respect to Halving and ETF because at any moment it cannot happen, many think like us, that by 2025 what the cycle will be like can Rise the price and generate a new ATH , it is ideal, in this context we can say that each time a better path is Generated to increase the price, it is a good thing, but in 2025 many things are supposed to come , well , according to what I have seen in predictions, I'm not superstitious either, but if they launch another pandemic this could affect the Price and it is something that we should foresee, I hope not, and that everything turns out well.
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