Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: admin on January 17, 2024, 07:13:03 PM
-
If you are an idealist, you believe in bitcoin because it is removing the governments from the money printers, or at least it's supposed to try to do so.
In reality, most flocked to bitcoin to get rich. True libertarian rebels are few ...
Then Altcoins came and kept coming ...
If you are a bitcoin hardliner, possibly focused on a small aspect, and do not see the whole picture, happy with your stach, and want the rest to run after satoshis ... You probably hate altcoins.
Bitcoin needs Altcoins, because people need to believe they can back another bitcoin, without this believe the crypto marketcap would have been a tiny fraction of what it is today.
Altcoins need bitcoin, because it is the brand that regroup them all, the name that promotes them all.
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.
-
Bitcoin needs Altcoins, because people need to believe they can back another bitcoin, without this believe the crypto marketcap would have been a tiny fraction of what it is today.
Altcoins need bitcoin, because it is the brand that regroup them all, the name that promotes them all.
We only have one common market and I believe that every component of it, whether it be shit-coins or hack-coins, has a certain role in this market. For now, let's just talk about BTC and ALTS.
ALTS need BTC: BTC is accepted in many countries, BTC is the first cryptocurrency to have a Spot ETF, BTC keeps the pace of the entire crypto market going through many cycles with the halving event, BTC leads the global crypto trend. To overcome the crypto winter, the recovery of BTC price is a necessary condition to create trust and FOMO. The strong price increase of some ALTS only creates doubts.
BTC needs ALTS: ALTS helps create a perfect process to pump prices. Before ALTS, the crypto market had a very short cycle in 2011 and BTC peaked at $30 and then dropped 94%. But then, the emergence of ALTS with new concepts of blockchain technology (scalability, smart contracts) created a more diverse and attractive market for everyone. The cycle "pump BTC - pump ALTS - pump BTC - pump ALTS" continuously repeats to attract more money into this market. Without ALTS to help BTC cool down its growth, the collapse would have come sooner and BTC would not have been able to achieve the very impressive ATHs in 2013 - 2017 - 2021.
In the future, when blockchain technology will be truly widely applied, perhaps ALTS will have its own fate, depending on user needs, and BTC may become the standard of currency. But for now, everything still just stops at the financial market, BTC and ALTS still need each other to move forward together 💪💪💪
-
There is a popular saying that a tree cannot make a forest. I don't really feel that Bitcoin would not have been able to dominate, even if it were the only coin. As a matter of fact, I believe that so many dead altcoins and fake scam projects have even caused so many people to have misconceptions about Bitcoin.
I just feel that altcoins are just there to fill the space if they pump and dump, and if any investor is not lucky enough to buy a token at the right time and also sell at the right time, they could get their token dumped, which will result in a big loss for them.
It is very easy to say that altcoins would not have even been able to last for a very long time if there was no coin like Bitcoin. But with the way Bitcoin was designed, it would have been very possible for Bitcoin to keep living for decades without any altcoin.
With the thousands of altcoin projects and about 50% of those projects falling and crashing with investor funds, it would have been very difficult to trust cryptocurrency if there was no Bitcoin.
-
Bitcoin is popular, but most people on crypto today tell you that their involvement in crypto all started with Altcoin and not just straight to bitcoin, which makes me also believe that both bitcoin and altcoin need each other's support in order to survive and give the purpose they are all here for.
The only thing here is that most of these altcoins have shown a lot of people on their other side, which makes them lose faith and believe in it, but in a normal sense, we all need altcoins; they are an alternative to bitcoin and should be treated as such, and there are times when we need them, even if we are high bitcoin enthusiasts. In the time of this network congestion, we can all see how important the altcoins are in terms of our daily life payments and the rest of them.
-
If we talk about Bitcoin and Altcoins it is the same as discussing the symbiosis of mutualism between bees and flowers.
Bees take starch juice from flowers to be used as honey.
The flowers that are over to bees can bloom even more if the bees perched and spread the pistil of the essence so that the flowers can grow in other places.
Bitcoin like the first flower created has many benefits for all altcoins.
And for Altcoins it is like a bee that can alight anywhere with the flexibility he flies to various flowers.
This is just a figure of speech between Bitcoin as flowers and altcoins as bees because both of them have a way of working symbiosis of mutualism and mutual benefit.
-
I am a fan of some altcoins.
Ltc
doge
grin
monero
etc
-
-snip-
This is just a figure of speech between Bitcoin as flowers and altcoins as bees because both of them have a way of working symbiosis of mutualism and mutual benefit.
It's like food without seasoning, so they are related to each other and difficult to separate, complement each other, and, of course, need each other. How can Bitcoin run on its own without the support of altcoins? It is clear that there will be no benefits that can be taken; if they are separated and not connected to each other, it is likely that they will be equally worthless and no benefits can be taken.
They have become an inseparable unit and will always complement each other's strengths and weaknesses.
-
Bitcoin and altcoins need each other to keep the market booming, and to also allow investors to gamble with their assets in order to make profit or run at loss. Assuming there was no altcoins, people wouldn't have had that much believe in bitcoin because they wouldn't see its uniqueness. In every line of business, there must be different products of the same kind, to make the market interesting for investors to decide which coin they want to invest on, and at what time duration. Some people are still making profit with altcoins. However, bitcoin remains the superior but we have many inferiors, that are used to scam people off their hard earned money. Now that bitcoin transaction fee is high, there are some altcoins that are good to use for your transactions like litecoin. As a matter of fact is like as time goes on altcoin will be used more as an alternative payment method than bitcoin. Altcoins need bitcoin for their price movement.
-
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.
-
They just need each other, in my opinion, because honestly, in my observation since 2017, Bitcoin's popularity has accelerated because of altcoins, if it were only Bitcoin and no altcoins, I'm sure it wouldn't be like the price value of Bitcoin that we have right now.
Maybe the other communities here can agree with what I'm saying. Yes, Bitcoin will be recognized, but not as fast as the rise in price value that Bitcoin has, but because of the altcoins that have appeared since 2017 until now, and it is even more recognized because of cryptocurrencies.
-
Then Altcoins came and kept coming ...
If you are a bitcoin hardliner, possibly focused on a small aspect, and do not see the whole picture, happy with your stach, and want the rest to run after satoshis ... You probably hate altcoins.
Bitcoin needs Altcoins, because people need to believe they can back another bitcoin, without this believe the crypto marketcap would have been a tiny fraction of what it is today.
Altcoins need bitcoin, because it is the brand that regroup them all, the name that promotes them all.
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.
This is an Altcoinstalk forum and Altcoins comes first in discussion but I humbly disagree with what you said.
How many altcoins has popout in the coin market cap and coingecko over the last 2 years, more than thousands of them and how many has survive to date? Just few of them if not less than 100 because they are shitcoins with empty promises. Some of them were able to rise because of the hype and don't have a single real volume other than the bot activity.
Check Bitcoin activity, it's one of the best and the best that ever remain, it's the reason why this market is still breathing and going well. The halving and ETF contributed to the recovery of the entire market but altcoins were busy doing the regular meme things. Bitcoin doesn't need altcoins to survive but altcoins need Bitcoin to survive. However, altcoins is the reason why 80% of people are here in the crypto space.
-
There are people who would say they would never use alternate blockchains but would not mind profiting from altcoins. That sounds ironic right? Maybe so but it could be seen from a different angle. They don't necessarily hate. They only acknowledge/use the superior protocol in terms of security and decentralization but they do not deny the earning potential of native tokens of another blockchain.
BTC and Bitcoin blockchain - for actual usage
Altcoins and Alternate blockchains - for speculation
-
-snip-
This is just a figure of speech between Bitcoin as flowers and altcoins as bees because both of them have a way of working symbiosis of mutualism and mutual benefit.
It's like food without seasoning, so they are related to each other and difficult to separate, complement each other, and, of course, need each other. How can Bitcoin run on its own without the support of altcoins? It is clear that there will be no benefits that can be taken; if they are separated and not connected to each other, it is likely that they will be equally worthless and no benefits can be taken.
They have become an inseparable unit and will always complement each other's strengths and weaknesses.
If all alts dropped away btc could survive but not that well. BTC has shown it is easy to flood the blockchain and tie it up. Alts like LTC and Doge are 12x the blockchain carrying ability so they are 12x harder to clog up.
-
-snip-
This is just a figure of speech between Bitcoin as flowers and altcoins as bees because both of them have a way of working symbiosis of mutualism and mutual benefit.
It's like food without seasoning, so they are related to each other and difficult to separate, complement each other, and, of course, need each other. How can Bitcoin run on its own without the support of altcoins? It is clear that there will be no benefits that can be taken; if they are separated and not connected to each other, it is likely that they will be equally worthless and no benefits can be taken.
They have become an inseparable unit and will always complement each other's strengths and weaknesses.
If all alts dropped away btc could survive but not that well. BTC has shown it is easy to flood the blockchain and tie it up. Alts like LTC and Doge are 12x the blockchain carrying ability so they are 12x harder to clog up.
You are right, we have to recognize the greatness and resilience that Bitcoin has had so far, and everyone cannot avoid that reality. But even though Bitcoin can stand alone, the main goal of crypto may not be fulfilled: to provide more contributions than the wishes of most crypto users. CMIIW
-
If you are an idealist, you believe in bitcoin because it is removing the governments from the money printers, or at least it's supposed to try to do so. In reality, most flocked to bitcoin to get rich. True libertarian rebels are few ...
Yes, we have to be honest that majority of the people in the cryptocurrency market are here for the money and yes we all want to be rich so we can experience financial freedom away from the control of the government or at least we can stand on our own most especially during difficult times. Nothing wrong with that per se as money is the number one motivator and this is a big reality we are in right now. But one thing that's good with Bitcoin in particular and cryptocurrency in general is that things don't end with the money as we slowly learn the many good things that Bitcoin is bringing to us and the many benefits of the myriad of alts offering us many choices at hand. In other words, it is plain to see how BTC and the alts are working side by side like partners and not as enemies...with one complimenting each other, boosting the market for good and enticing more and more people into the industry. I would consider alts to be niches while BTC is the overall leader, under a symbiotic and not parasitic relationship (of course except the many scam and fraud projects around). And we should not wonder why more alts can be coming to market to compete and capture people's attention and support...and so we are seeing success stories popping up from time to time.
-
The cryptocurrency business does not completely belong to Bitcoin and don't think that Bitcoin has the strongest capacity of all altcoins because many whales out there don't have Bitcoin.
For example, I have 40 Ethereum coins and I don't have Bitcoin even if it's only 1 Satsohi, that doesn't matter to me because Ethereum with 40 coins is already more than 1 Bitcoin.
At this very moment 1 Bitcoin is equivalent to 18 Ethereum, if I have 40 Ethereum that means I have about 2 Bitcoin more. This is only my mind because Bitcoin and altcoins must always get along and not be hostile. :)
-
-snip-
This is just a figure of speech between Bitcoin as flowers and altcoins as bees because both of them have a way of working symbiosis of mutualism and mutual benefit.
It's like food without seasoning, so they are related to each other and difficult to separate, complement each other, and, of course, need each other. How can Bitcoin run on its own without the support of altcoins? It is clear that there will be no benefits that can be taken; if they are separated and not connected to each other, it is likely that they will be equally worthless and no benefits can be taken.
They have become an inseparable unit and will always complement each other's strengths and weaknesses.
If all alts dropped away btc could survive but not that well. BTC has shown it is easy to flood the blockchain and tie it up. Alts like LTC and Doge are 12x the blockchain carrying ability so they are 12x harder to clog up.
the main goal of crypto may not be fulfilled: to provide more contributions than the wishes of most crypto users. CMIIW
If Bitcoin is the only thing circulating and there are no altcoins then the result is that cryptocurrency is colorless and maybe the price of Bitcoin will also return to 2010 which had a price below 1 USD.
The function of altcoins is also to provide superior features that Bitcoin does not have, just as transaction speeds such as those of Cardano, Ripple and Solana are very fast.
Bitcoin is also recognized by the entire community as a very, very super coin.
But altcoins also have a ton of features that Bitcoin doesn't have and that's why we also need altcoins.
-
Personally, I believe that Bitcoin is like the mother from which all Altcoins were born, without Bitcoin we would not have seen all Altcoins, so it is natural that they are strongly related and complement each other.
Bitcoin has some disadvantages, such as lack of scalability, transaction delays, and high fees during network congestion. Altcoin solves these problems, as some of them have the advantages of faster transactions and lower fees.
But the main problem with Altcoin is that there are a lot of fraudulent projects that have emerged and negatively affected the reputation of Bitcoin and the entire crypto ecosystem.
-
If Bitcoin is the only thing circulating and there are no altcoins then the result is that cryptocurrency is colorless and maybe the price of Bitcoin will also return to 2010 which had a price below 1 USD.
The function of altcoins is also to provide superior features that Bitcoin does not have, just as transaction speeds such as those of Cardano, Ripple and Solana are very fast.
Bitcoin is also recognized by the entire community as a very, very super coin.
But altcoins also have a ton of features that Bitcoin doesn't have and that's why we also need altcoins.
I think bitcoin and altcoins cannot be separated because they can be valuable all this time because it is clear that their role is to influence each other, and it would not be possible to be valuable if they stood alone.It's true what you said: if it's just a few, or just bitcoins, maybe the value will return to when it first started to appear, and obviously the value is very low.There is always a good side in that they can finally be united because they need and complement each other. This has indeed become a lesson in itself for the existence of bitcoin and altcoins, so that their presence also contributes to ours.
-
This has indeed become a lesson in itself for the existence of bitcoin and altcoins, so that their presence also contributes to ours.
Yeps, from Altcoins, we can also know a variety of features given, such as dex and various features that are not in Bitcoin.
From Altcoins we can also trade with Altcoins and can double the benefits for Bitcoin.
For example, I trade with Altocoins Doge and buy at a price rate of 0.02 USD with a capital of 2 Bitcoin.
Then the Doge coin rose 100% to the price of 0.04 USD, meaning that my profit rose to 4 Bitcoin.
This is just a handful of stories for the advantages of Altcoins, the rest must be a lot of features given by Altcoins.
-
-snip-
This is just a figure of speech between Bitcoin as flowers and altcoins as bees because both of them have a way of working symbiosis of mutualism and mutual benefit.
It's like food without seasoning, so they are related to each other and difficult to separate, complement each other, and, of course, need each other. How can Bitcoin run on its own without the support of altcoins? It is clear that there will be no benefits that can be taken; if they are separated and not connected to each other, it is likely that they will be equally worthless and no benefits can be taken.
They have become an inseparable unit and will always complement each other's strengths and weaknesses.
So same as crypto and fiat right? The combination is perfect and has similarities but runs on different function and uses. We can use fiat for our daily lives while crypto we use it in some different things including as an investment.
Bitcoin plays an important role for Altcoins market and technological upgrades so as vice versa. The only thing Bitcoin excel is that it is the king, the pioneering and most valuable crypto ever made in the history.
-
I think they both work together because, when it comes to popularity, altcoins contributed a lot to making Bitcoin known. And if it weren't for Bitcoin, altcoins wouldn't be created in this industry either. Because when altcoins started, most people thought it was also Bitcoin, but it was not just copied pastes or clones of Bitcoin.
That is why Bitcoin is called the Father of all Cryptocurrencies because it is the first cryptocurrency in this field of f That's all I can say about that.
-
I think they both work together because, when it comes to popularity, altcoins contributed a lot to making Bitcoin known. And if it weren't for Bitcoin, altcoins wouldn't be created in this industry either. Because when altcoins started, most people thought it was also Bitcoin, but it was not just copied pastes or clones of Bitcoin.
That is why Bitcoin is called the Father of all Cryptocurrencies because it is the first cryptocurrency in this field of f That's all I can say about that.
Right, and that's what made this cryptocurrency as a whole, Bitcoin is the prime mover, but there are solid altcoins like Ethereum as well. However, everyone really depends on Bitcoin, all altcoins have their exchange rate/Bitcoin.
So there is no argument which one is better, for investors we can take advantage of both markets.
As I have said, there are solid altcoins too that can give us more return that Bitcoin. But I think majority of our portfolio might go with Bitcoin being the prime mover and the most famous of all crypto.
-
I consider this market as a unified whole of Bitcoin + Altcoins + Stable Coins.
Bitcoin is responsible for leading the entire market.
Altcoins are responsible for booming, opening up new technologies and new trends.
Stable Coins are responsible for making the cash flow flowing into the market more easily.
The market can only continue to stabilize and grow strongly when each component works well.
Bitcoin needs altcoins to expand its influence through technology and application.
Altcoins needs Bitcoin to lead to access to traditional and cyclical markets.
-
So same as crypto and fiat right? The combination is perfect and has similarities but runs on different function and uses. We can use fiat for our daily lives while crypto we use it in some different things including as an investment.
I think you are right, and indeed, they are the same, but there are clear differences, fiat that are clearly visible, and crypto is not real. The benefits are clearly the same and can be used for every need for a transaction, but crypto is more focused on investments such as stocks.
Bitcoin plays an important role for Altcoins market and technological upgrades so as vice versa. The only thing Bitcoin excel is that it is the king, the pioneering and most valuable crypto ever made in the history.
Until now, the crypto market that has always been the topic of conversation has been Bitcoin, because it is used as a price benchmark for all other coins, so Bitcoin has become the King of Crypto. It is true that it is also pioneering.
Without Bitcoin, maybe Crypto will not be as busy as this, even though the influence of Altcoin can always compensate for the need for each other.
-
To me i don't see any reason why bitcoin should need altcoins for anything, instead, altcoins are the ones that have their dependencies on bitcoin, however, we can also say it this way that having altcoins being around bitcoin make the economy more bulky as well as complicated in the other sense, we cannot completely predict how the whole thing could have been so boring if there were not altcoins in cryptocurrencies, they constitute the good, bad and the ugly.
-
To me i don't see any reason why bitcoin should need altcoins for anything, instead, altcoins are the ones that have their dependencies on bitcoin, however, we can also say it this way that having altcoins being around bitcoin make the economy more bulky as well as complicated in the other sense, we cannot completely predict how the whole thing could have been so boring if there were not altcoins in cryptocurrencies, they constitute the good, bad and the ugly.
You don't deny that Bitcoin can be strong enough because we have altcoins that support the existence of Bitcoin. It doesn't only altcoins to depend on Bitcoin, but Bitcoin also probably depends on altcoins. With many projects are supporting Bitcoin with their altcoins, we can expect the bright future for Bitcoin. The adoption of Bitcoin will be faster because of the altcoins, too. So don't underestimate altcoins, dude!
-
To me i don't see any reason why bitcoin should need altcoins for anything, instead, altcoins are the ones that have their dependencies on bitcoin,
Bitcoin has power because of altcoins and also because the altcoins that are traded must have a pair with Bitcoin, for example:
BTC-ETH
BTC-USDT
BTC-BNB
BTC-Ripple
If Bitcoin stands alone, it may have a low value when trading. Just look at Bitcoin trading in 2013 ,2012 ,2011, 2010.
Or maybe at that time Bitcoin was not appreciated or was free to give to those who wanted it. This is only my opinion. :D
Every day Bitcoin is being fought over and traded here, then various altcoins appear and that's where Bitcoin starts to rise and its price becomes expensive.
-
Funny enough, we have alot of bitcoin maxis who believe that bitcoin is the only and true cryptocurrency that should be invested in, that everything else is garbage and should be completely ignored, but then, right under their noses,
- Ethereum came and made alot of people millionaires
- SHIB came and made alot of people millionaires
- Solana
- Litecoin
- AVAX
- DOGE coin
All this coins the bitcoin maxis refer to as shitcoins, have made alot of people millionaires, and it has not ended, in this coming halving, which will possibly trigger another bull run, alot of altcoins, also referred to as shitcoins, will again create new millionaires, while the bitcoin maxis continue to believe that anybody investing in crypto and do so outside bitcoin is just throwing away his or her money.
-
-snip-
This is just a figure of speech between Bitcoin as flowers and altcoins as bees because both of them have a way of working symbiosis of mutualism and mutual benefit.
It's like food without seasoning, so they are related to each other and difficult to separate, complement each other, and, of course, need each other. How can Bitcoin run on its own without the support of altcoins? It is clear that there will be no benefits that can be taken; if they are separated and not connected to each other, it is likely that they will be equally worthless and no benefits can be taken.
They have become an inseparable unit and will always complement each other's strengths and weaknesses.
It's a good analogy :) Bitcoin is not perfect. Altcoins function in improving aspects of Bitcoin.
The presence of altcoins is a cover for Bitcoin's weaknesses in increasing energy efficiency and speed of transactions.
And Altcoins create a better or different version of Bitcoin. Each altcoin has its own “unique thing” it does best.
-
If you are an idealist, you believe in bitcoin because it is removing the governments from the money printers, or at least it's supposed to try to do so.
In reality, most flocked to bitcoin to get rich. True libertarian rebels are few ...
Then Altcoins came and kept coming ...
If you are a bitcoin hardliner, possibly focused on a small aspect, and do not see the whole picture, happy with your stach, and want the rest to run after satoshis ... You probably hate altcoins.
Bitcoin needs Altcoins, because people need to believe they can back another bitcoin, without this believe the crypto marketcap would have been a tiny fraction of what it is today.
Altcoins need bitcoin, because it is the brand that regroup them all, the name that promotes them all.
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.
Both Bitcoin and Altcoin are complementary to each other as neither can exist without the other in the cryptocurrency world. If only Bitcoin remains then other altcoins will surely be needed to compare Bitcoin. Again, Bitcoin will be needed to maintain the value of Altcoin. Just like if Bitcoin can be considered as a king then altcoin will be like a soldier or a subject in the king's kingdom because like a kingdom and a king can't run without subjects or soldiers, just like altcoin and bitcoin need to complement each other, one can't run without the other.
-
Both Bitcoin and Altcoin are complementary to each other as neither can exist without the other in the cryptocurrency world. If only Bitcoin remains then other altcoins will surely be needed to compare Bitcoin. Again, Bitcoin will be needed to maintain the value of Altcoin. Just like if Bitcoin can be considered as a king then altcoin will be like a soldier or a subject in the king's kingdom because like a kingdom and a king can't run without subjects or soldiers, just like altcoin and bitcoin need to complement each other, one can't run without the other.
You are right, We can be said to be a king if there are people. There can be no king without the people. Bitcoin is king, And altcoins are the people.
they will coexist and complement each other. There are many new technologies that altcoins offer, and that bitcoin cannot.
Let's go back to the time when Bitcoin alone, altcoins didn't exist yet. Bitcoin price is very low. Meanwhile, currently the price of Bitcoin is very expensive because there are comparisons. I agree with your opinion.
-
Bitcoin is a cryptocurrency that is widely used for transactions and many countries have approved Bitcoin as a means of payment. Altcoins need Bitcoin and vice versa. interrelated so that they live with each other. all existing coin prices depend on the price of bitcoin. If the price of bitcoin increases, then all coins will also increase and vice versa.
that's why I say bitcoin and altcoins are interconnected and push each other.
-
Bitcoin is a cryptocurrency that is widely used for transactions and many countries have approved Bitcoin as a means of payment. Altcoins need Bitcoin and vice versa. interrelated so that they live with each other. all existing coin prices depend on the price of bitcoin. If the price of bitcoin increases, then all coins will also increase and vice versa.
that's why I say bitcoin and altcoins are interconnected and push each other.
- You indeed said this; in fact, you can't call them friends; it's like they are allies because they help each other. This is if a cryptocurrency has potential because if it does not have potential, it will not be able to keep up with the trend that Bitcoin has.
When it comes to dominance, it is said that cryptocurrency is pushing Bitcoin to become more recognized around the world, and when it comes to innovation technology, it is keeping up with other crypto potentials in the market.
-
-snip-
This is just a figure of speech between Bitcoin as flowers and altcoins as bees because both of them have a way of working symbiosis of mutualism and mutual benefit.
It's like food without seasoning, so they are related to each other and difficult to separate, complement each other, and, of course, need each other. How can Bitcoin run on its own without the support of altcoins? It is clear that there will be no benefits that can be taken; if they are separated and not connected to each other, it is likely that they will be equally worthless and no benefits can be taken.
They have become an inseparable unit and will always complement each other's strengths and weaknesses.
It's a good analogy :) Bitcoin is not perfect. Altcoins function in improving aspects of Bitcoin.
The presence of altcoins is a cover for Bitcoin's weaknesses in increasing energy efficiency and speed of transactions.
And Altcoins create a better or different version of Bitcoin. Each altcoin has its own “unique thing” it does best.
If we look at ourselves, especially for those who are already married, it is certainly the same as Bitcoin and Altcoin, needing each other and filling each other's gaps that perhaps neither one can do or ask for help to complete.That's right, friend, altcoins were created to be able to anticipate transaction speed and cheap fees compared to bitcoin, but bitcoin is what drives altcoins to move upwards.Altcoins always have advantages, and quite a few are actually destructive, so you have to be smart when making altcoin choices, in contrast to Bitcoin which has certainty.
-
Trading altcoins and Bitcoin is really needed by the cryptocurrency market because Bitcoin and altcoins are mutually sustainable.
Like the local market and Binance there is also a lot of trading between Bitcoin and altcoins because BTCxUSDT trading is also included.
But many people ignore this because those who are experts in a particular coin do not always say that they need altcoins.
For example, person A is an expert in mining Bitcoin and person A states that he doesn't need altcoins (such as Solana, BNB or Ethereum) other than Bitcoin because he really loves Bitcoin.
In fact, when he sells his Bitcoin on the market and pairs it with USDT, then withdraws it to his credit card, it is definitely included in BTCxUSDT trading, namely trading between Bitcoin and Altcoins.
-
I will offer my honest opinion, which has not changed by registering on this forum. I don't think bitcoin needs altcoins, I think it's more the other way around. What I do believe is that in the future some altcoins will coexist with bitcoin, but only a tiny number of the tens of thousands that exist now.
Having a decentralised, autonomous, tremendously secure system (or currency, if you prefer) that is very difficult to censor and confiscate, there is little more need for it. And with the implementation of CBDCs there will be even less room for altcoins, I think.
-
The emergence of altcoins was not a spontaneous event, it was caused by a number of problems that leading blockchains face. In general, it all comes down to the blockchain problems, which says that you cannot create a blockchain that provides performance, security and scale - one of these indicators will have to be sacrificed. This means that altcoins solve one of the disadvantages of first-level blockchain networks.
-
Bitcoin is a cryptocurrency that is widely used for transactions and many countries have approved Bitcoin as a means of payment. Altcoins need Bitcoin and vice versa. interrelated so that they live with each other. all existing coin prices depend on the price of bitcoin. If the price of bitcoin increases, then all coins will also increase and vice versa.
that's why I say bitcoin and altcoins are interconnected and push each other.
Currently, there is no better digital currency that is suitable for transactions between countries, but it should be noted that the costs of Bitcoin transactions are currently very high. Maybe an alternative to paying with digital currency and using cryptocurrency technology could be using altcoins; however, not all countries accept payments using cryptocurrency. Therefore, when you want to make a transaction, you must at least have approval from both parties, and you must be aware that cryptocurrency price movements are very volatile, so if you have a mutual agreement, then the transaction will run smoothly.
-
Bitcoin is a cryptocurrency that is widely used for transactions and many countries have approved Bitcoin as a means of payment. Altcoins need Bitcoin and vice versa. interrelated so that they live with each other. all existing coin prices depend on the price of bitcoin. If the price of bitcoin increases, then all coins will also increase and vice versa.
that's why I say bitcoin and altcoins are interconnected and push each other.
Let's look at it this way, Bitcoin has been pumping much lately and what happen to alts? Did they pump? No! Did they contributed to the pump. This is to tell you that Bitcoin doesn't need any altcoins to survive but altcoins need Bitcoin to strive well in this industry. Let's Bitcoin dump by 10% today, you will be amaze on how this coins will tank with -30% really quick in less than 24 hours, this is how strong Bitcoin is in this cryptocurrencies.
Altcoins by performance, they are not even related, some of the new chains we have are just bunch of tweak chains trying to impress investors and after a while, they are been abandoned like a dead sheep. Some don't last more than a bull run cycle.
-
Bitcoin is a cryptocurrency that is widely used for transactions and many countries have approved Bitcoin as a means of payment. Altcoins need Bitcoin and vice versa. interrelated so that they live with each other. all existing coin prices depend on the price of bitcoin. If the price of bitcoin increases, then all coins will also increase and vice versa.
that's why I say bitcoin and altcoins are interconnected and push each other.
Let's look at it this way, Bitcoin has been pumping much lately and what happen to alts? Did they pump? No! Did they contributed to the pump. This is to tell you that Bitcoin doesn't need any altcoins to survive but altcoins need Bitcoin to strive well in this industry. Let's Bitcoin dump by 10% today, you will be amaze on how this coins will tank with -30% really quick in less than 24 hours, this is how strong Bitcoin is in this cryptocurrencies.
Altcoins by performance, they are not even related, some of the new chains we have are just bunch of tweak chains trying to impress investors and after a while, they are been abandoned like a dead sheep. Some don't last more than a bull run cycle.
The price movement of altcoins is clearly visible after the Bitcoin price increase, so you can see that many altcoins have increased in price, thus showing that the altcoin season is back again, and it is possible that altcoins will make another very scary price increase as happened in 2021. The price movements of Ethereum, BNB, and Solana over the last 7 days look to be rising and have provided a lot of profit for their supporters who bought them a week ago.
-
For bitcoin to progress completely , Altcoin must be in the market for bitcoin to continue growing because in this kind of market there must be a competition so what more we can expect about altcoins presence and also in time when the crypto is fully adopted . I believe that Bitcoin will not manage to serve its users instead Altcoins will be in need to partake .
-
That's right, friend, altcoins were created to be able to anticipate transaction speed and cheap fees compared to bitcoin, but bitcoin is what drives altcoins to move upwards.Altcoins always have advantages, and quite a few are actually destructive, so you have to be smart when making altcoin choices, in contrast to Bitcoin which has certainty.
No doubt. Bitcoin is the pioneer and Safe Haven, while altcoin is the Utility.
Investing in utility coins will always have more risks, but more risk, more gain.
And yeah, the Crypto space is full of scam projects and Scammers.
Getting scammed is horrific. They drained our savings.
So, doing research is one way to increase our possibility of making a profit before deciding to invest. DYOR for safe
-
There is definitely a connection between smaller coins and Bitcoin, one pulling the other mostly in price growth as well as market movements. I expect as many inventions as possible in order to increase the popularity and, in other words, increase the simplicity in the growth of long-term prices on CEX exchanges.
-
That's right, friend, altcoins were created to be able to anticipate transaction speed and cheap fees compared to bitcoin, but bitcoin is what drives altcoins to move upwards.Altcoins always have advantages, and quite a few are actually destructive, so you have to be smart when making altcoin choices, in contrast to Bitcoin which has certainty.
No doubt. Bitcoin is the pioneer and Safe Haven, while altcoin is the Utility.
Investing in utility coins will always have more risks, but more risk, more gain.
And yeah, the Crypto space is full of scam projects and Scammers.
Getting scammed is horrific. They drained our savings.
So, doing research is one way to increase our possibility of making a profit before deciding to invest. DYOR for safe
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.
-
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.
-
-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.
-
-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.
-
-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.
-
-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.
-
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.
-
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
-
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.
-
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.
-
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.
-
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.
-
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.
-
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).
-
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.
-
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.
-
I agree 100%. I also think only investing in bitcoin or investing in one of the altcoins is not a smart strategy at all. You need to keep a holistic view and invest in btc and altcoins that show promise. You cannot be dismissive toward alts. A diverse portfolio is key for maximum gains in the short and long run.
-
I agree 100%. I also think only investing in bitcoin or investing in one of the altcoins is not a smart strategy at all. You need to keep a holistic view and invest in btc and altcoins that show promise. You cannot be dismissive toward alts. A diverse portfolio is key for maximum gains in the short and long run.
Undoubtedly, diversification is the best way to go because we always hear people say that we shouldn't put all our eggs in one basket, and if we ignore that saying, it means we are being deliberately ignorant which isn't a good thing, I believe.
So even though we know that Bitcoin is the best cryptocurrency in the market and that it is the most trusted one when it comes to making investments, that doesn't mean we don't have any worthy altcoins in the market to add to our portfolios.
We should do enough research and find out the best altcoins in the market and then make investments in them alongside Bitcoin to have higher potentials for profit when the market starts going up.
-
I agree 100%. I also think only investing in bitcoin or investing in one of the altcoins is not a smart strategy at all. You need to keep a holistic view and invest in btc and altcoins that show promise. You cannot be dismissive toward alts. A diverse portfolio is key for maximum gains in the short and long run.
Undoubtedly, diversification is the best way to go because we always hear people say that we shouldn't put all our eggs in one basket, and if we ignore that saying, it means we are being deliberately ignorant which isn't a good thing, I believe.
So even though we know that Bitcoin is the best cryptocurrency in the market and that it is the most trusted one when it comes to making investments, that doesn't mean we don't have any worthy altcoins in the market to add to our portfolios.
We should do enough research and find out the best altcoins in the market and then make investments in them alongside Bitcoin to have higher potentials for profit when the market starts going up.
Bitcoin is the safest coin for investment, if we buy when it is bearish we can be sure we will make a profit now and we will get a bigger profit during the bullish season. And diversifying your investment is the right step, because we can increase the opportunity to gain profits on several potential coins
-
I agree 100%. I also think only investing in bitcoin or investing in one of the altcoins is not a smart strategy at all. You need to keep a holistic view and invest in btc and altcoins that show promise. You cannot be dismissive toward alts. A diverse portfolio is key for maximum gains in the short and long run.
Diversification is important and one should not be dependent on Bitcoin for their investment but should also choose some beneficial altcoins because from altcoins you can take your profit immediately when the price surge but Bitcoin is useful only when you keep it for a longer period.
If someone Invest in both Bitcoin and altcoins then he can be benefited from both long term and short term investment and I think if someone just holds Bitcoin then he will not be easy to wait longer but if he also keeps altcoins in his investment then he will be regularly sell and buy altcoins and his Bitcoin will be safe for long duration without any stress.
-
I agree 100%. I also think only investing in bitcoin or investing in one of the altcoins is not a smart strategy at all. You need to keep a holistic view and invest in btc and altcoins that show promise. You cannot be dismissive toward alts. A diverse portfolio is key for maximum gains in the short and long run.
Undoubtedly, diversification is the best way to go because we always hear people say that we shouldn't put all our eggs in one basket, and if we ignore that saying, it means we are being deliberately ignorant which isn't a good thing, I believe.
So even though we know that Bitcoin is the best cryptocurrency in the market and that it is the most trusted one when it comes to making investments, that doesn't mean we don't have any worthy altcoins in the market to add to our portfolios.
We should do enough research and find out the best altcoins in the market and then make investments in them alongside Bitcoin to have higher potentials for profit when the market starts going up.
Bitcoin is the safest coin for investment, if we buy when it is bearish we can be sure we will make a profit now and we will get a bigger profit during the bullish season. And diversifying your investment is the right step, because we can increase the opportunity to gain profits on several potential coins
Currently and in the future, I really believe that what you say is true, Bitcoin is the safest investment with the smallest risk of all. So that when there is a correction, of course, we immediately buy and hold until the growing season. I agree that with more types of things we can do, it is certainly very reliable, so don't hesitate to also use potential altcoins as a handle too, because bitcoin and altcoins need each other and can move together.
-
I agree 100%. I also think only investing in bitcoin or investing in one of the altcoins is not a smart strategy at all. You need to keep a holistic view and invest in btc and altcoins that show promise. You cannot be dismissive toward alts. A diverse portfolio is key for maximum gains in the short and long run.
Undoubtedly, diversification is the best way to go because we always hear people say that we shouldn't put all our eggs in one basket, and if we ignore that saying, it means we are being deliberately ignorant which isn't a good thing, I believe.
So even though we know that Bitcoin is the best cryptocurrency in the market and that it is the most trusted one when it comes to making investments, that doesn't mean we don't have any worthy altcoins in the market to add to our portfolios.
We should do enough research and find out the best altcoins in the market and then make investments in them alongside Bitcoin to have higher potentials for profit when the market starts going up.
Bitcoin is the safest coin for investment, if we buy when it is bearish we can be sure we will make a profit now and we will get a bigger profit during the bullish season. And diversifying your investment is the right step, because we can increase the opportunity to gain profits on several potential coins
Bitcoin is the most secure coin for investment there is no doubt about it. But investment requires diversification. I can't buy a bitcoin or a chunk of a bitcoin according to my desire. But if I invest even a small part of my investment in altcoins, i will have an opportunity to make good profit. Moreover, investing in Bitcoin requires an investor to hold the coin for a long period of time, which may not be the case with altcoins. Diversification is the most beneficial for an investor, which I think much needed for everyone. Investing in Altcoins must be done after thorough research or risk of losing money.
-
Currently and in the future, I really believe that what you say is true, Bitcoin is the safest investment with the smallest risk of all. So that when there is a correction, of course, we immediately buy and hold until the growing season. I agree that with more types of things we can do, it is certainly very reliable, so don't hesitate to also use potential altcoins as a handle too, because bitcoin and altcoins need each other and can move together.
We aer gradually getting to that point where Bitcoin might not be able to give us that profiting returns many of us are used to in the past but people with large investment in Bitcoin will benefit from this very well. However, people with small investment should not only put their money in Bitcoin, they will probably make a little profits, it's better to diversify investment into other alts. We have many alts that are doing well and are good for diversifying of investment.
-
Bitcoin is the most secure coin for investment there is no doubt about it. But investment requires diversification. I can't buy a bitcoin or a chunk of a bitcoin according to my desire. But if I invest even a small part of my investment in altcoins, i will have an opportunity to make good profit. Moreover, investing in Bitcoin requires an investor to hold the coin for a long period of time, which may not be the case with altcoins. Diversification is the most beneficial for an investor, which I think much needed for everyone. Investing in Altcoins must be done after thorough research or risk of losing money.
Bitcoin is the most important part of cryptocurrency and become more secure investment assets, but not all investor or trader have bigger fund for investing in bitcoin. Altcoin present make cryptocurrency has many variation and all investor can trade not only with bitcoin but also has choose with altcoin, I think many trader get faster profit when trading in altcoin although get bigger risk but in bitcoin requirement bigger fund and can't increasing significant in short term such as altcoin.
For stable financial and has bigger fund bitcoin is the best investment assets but if you lack capital and want to earn much profit in short term altcoin is worth to trade.
-
The whole idea behind altcoins was to take the revolutionary tech of Bitcoin and run with it, exploring all the amazing things it could make possible. They wanted to use blockchain technology for everything.
-
Bitcoin needs Altcoins, because people need to believe they can back another bitcoin, without this believe the crypto marketcap would have been a tiny fraction of what it is today.
Altcoins need bitcoin, because it is the brand that regroup them all, the name that promotes them all.
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.
Basically, if Bitcoin and altcoins are likened to a pair, these two coins are a pair that complement each other and if one experiences a price decrease, the other will also experience a price decrease along with its followers.
It's true what you said, if we fail to realize it, then it could be said that I haven't and am not in the right position to start. so there will still be doubts about crypto currency itself
-
There is a popular saying that a tree cannot make a forest.
Bitcoin was doing well without the altcoins and the creation of Altcoins causes the deviation of bitcoin from the real course of invention. Bitcoin was created to pay things online to remove inflation in the world and also to reduce the government control of currency. And today that purpose of bitcoin to pay things is not found in anywhere in the world except few. And this is caused by the creation of Ordinals and the competitive cryptocurrency market caused by altcoins. The real purpose of bitcoin was very good for all but investment has taken over the market. Though the bitcoin helps altcoins to grow because when bitcoin rise altcoins also rise and I don't really for the idealis school of thought that altcoins also helps bitcoin. I will not agree with that part of the thought. If there was no competition bitcoin would have been a good avenue to reduce government power in the economy.
-
There is a popular saying that a tree cannot make a forest.
Bitcoin was doing well without the altcoins and the creation of Altcoins causes the deviation of bitcoin from the real course of invention. Bitcoin was created to pay things online to remove inflation in the world and also to reduce the government control of currency. And today that purpose of bitcoin to pay things is not found in anywhere in the world except few. And this is caused by the creation of Ordinals and the competitive cryptocurrency market caused by altcoins. The real purpose of bitcoin was very good for all but investment has taken over the market. Though the bitcoin helps altcoins to grow because when bitcoin rise altcoins also rise and I don't really for the idealis school of thought that altcoins also helps bitcoin. I will not agree with that part of the thought. If there was no competition bitcoin would have been a good avenue to reduce government power in the economy.
It's true, Bitcoin will continue to do well as you say, but for traders this won't go well because the price of bitcoin is too expensive making it difficult for them to grow assets in cryptocurrency, with altcoins traders have the opportunity to grow assets their cryptocurrency. With the development of altcoins, it can also be an alternative for making transactions if you don't want to use bitcoin because the transaction costs may be quite high.
-
Bitcoin needs Altcoins, because people need to believe they can back another bitcoin, without this believe the crypto marketcap would have been a tiny fraction of what it is today.
Altcoins need bitcoin, because it is the brand that regroup them all, the name that promotes them all.
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.
Basically, if Bitcoin and altcoins are likened to a pair, these two coins are a pair that complement each other and if one experiences a price decrease, the other will also experience a price decrease along with its followers.
It's true what you said, if we fail to realize it, then it could be said that I haven't and am not in the right position to start. so there will still be doubts about crypto currency itself
It's hard to say that Bitcoin can only run alone without the support of altcoins, and vice versa. They need each other and support each other in trade so that movements between them can run well. But indeed, so far, the dependence of altcoins on everything that happens to bitcoin is very clear. Every time bitcoin increases and decreases, almost all altcoins will participate, even though there are many altcoins that can move, because their trading is quite good and highly recognized and can even increase without the influence of bitcoin. But currently everything is dependent on bitcoin, but bitcoin also cannot move alone because altcoin trading influences bitcoin.
-
Those are quite fine points to consider and I believe a lot people haven't really been seeing the whole Bitcoin and altcoins relationship that way.
Although the belief have been that altcoins needs Bitcoin more (that's if bitcoin even needs altcoins) because Bitcoin's popularity and status has actually paved way for altcoins surface and thrive in the crypto space. So it's mostly believe that whatever popularity and altcoin attains in the crypto space, it's definitely because of Bitcoin.
And then the only benefit of altcoins to Bitcoin or crypto space at large that were very common amongst crypto enthusiasts is that Altcoins is believed to have offered diversity as well as innovation, now people have variety of options to also consider and divert their investment to, which actually helps to keep the crypto space vibrant and considerable for investors and other users.
-
We aer gradually getting to that point where Bitcoin might not be able to give us that profiting returns many of us are used to in the past but people with large investment in Bitcoin will benefit from this very well. However, people with small investment should not only put their money in Bitcoin, they will probably make a little profits, it's better to diversify investment into other alts. We have many alts that are doing well and are good for diversifying of investment.
Currently, Bitcoin is at a fairly high price, so it requires a large amount of capital to be able to buy it and get a decent profit from the purchase made. If you have small capital it certainly won't have a big impact on being able to reach the maximum value.
I agree with you that if you only have small funds, then it is better to allocate them to potential altcoins because the income you will get is just as good and is enough to produce the best, because the increase is also the same.
-
Those are quite fine points to consider and I believe a lot people haven't really been seeing the whole Bitcoin and altcoins relationship that way.
Although the belief have been that altcoins needs Bitcoin more (that's if bitcoin even needs altcoins) because Bitcoin's popularity and status has actually paved way for altcoins surface and thrive in the crypto space. So it's mostly believe that whatever popularity and altcoin attains in the crypto space, it's definitely because of Bitcoin.
And then the only benefit of altcoins to Bitcoin or crypto space at large that were very common amongst crypto enthusiasts is that Altcoins is believed to have offered diversity as well as innovation, now people have variety of options to also consider and divert their investment to, which actually helps to keep the crypto space vibrant and considerable for investors and other users.
In other words, Bitcoin is a pioneer and Altcoins is the next level for the adoption.
Altcoins have had a huge influence on the development of the crypto industry. Probably nothing or just the beginning.
And the rise of crypto is reshaping how we think about money and power.
It will be intriguing to see how the political landscape responds to this shifting tide.
-
Those are quite fine points to consider and I believe a lot people haven't really been seeing the whole Bitcoin and altcoins relationship that way.
Although the belief have been that altcoins needs Bitcoin more (that's if bitcoin even needs altcoins) because Bitcoin's popularity and status has actually paved way for altcoins surface and thrive in the crypto space. So it's mostly believe that whatever popularity and altcoin attains in the crypto space, it's definitely because of Bitcoin.
And then the only benefit of altcoins to Bitcoin or crypto space at large that were very common amongst crypto enthusiasts is that Altcoins is believed to have offered diversity as well as innovation, now people have variety of options to also consider and divert their investment to, which actually helps to keep the crypto space vibrant and considerable for investors and other users.
In other words, Bitcoin is a pioneer and Altcoins is the next level for the adoption.
Altcoins have had a huge influence on the development of the crypto industry. Probably nothing or just the beginning.
And the rise of crypto is reshaping how we think about money and power.
It will be intriguing to see how the political landscape responds to this shifting tide.
Well I have a very different vision of this, for me the altcoins are the ones that need bitcoin, in an eventual disaster or crash worldwide, I think that the altcoins are the ones that will always bleed very quickly, that's why when I'm looking for a way to do things better, I can say that new forms of self-protection can be generated, some are looking for altcoins, and that is not bad, but we must see that altcoins cannot survive without bitcoin, 'because bitcoin is the one that has life Without bitcoin there are no altcoins, bitcoin has a life of its own, altcoins if we look closely will always follow bitcoin, in fact their movements are very similar , at least with altcoins that are older their graphs are very similar to bitcoin.
-
Well I have a very different vision of this, for me the altcoins are the ones that need bitcoin, in an eventual disaster or crash worldwide, I think that the altcoins are the ones that will always bleed very quickly, that's why when I'm looking for a way to do things better, I can say that new forms of self-protection can be generated, some are looking for altcoins, and that is not bad, but we must see that altcoins cannot survive without bitcoin, 'because bitcoin is the one that has life Without bitcoin there are no altcoins, bitcoin has a life of its own, altcoins if we look closely will always follow bitcoin, in fact their movements are very similar , at least with altcoins that are older their graphs are very similar to bitcoin.
It's safe to say that most cryptocurrency traders and investors have Bitcoin as their primary investment objective.
Bitcoin accounts for more than half of all crypto asset market cap and altcoin prices are usually measured in Bitcoin.
This gives Bitcoin a lot of influence and control over Altcoin prices.
But Bitcoin and Altcoins are two sides of a coin that will influence each other as supply and demand are at the root of the relationship.
That's why traders/investors are advised to diversify, as this can help reduce the risk of both.
-
Well I have a very different vision of this, for me the altcoins are the ones that need bitcoin, in an eventual disaster or crash worldwide, I think that the altcoins are the ones that will always bleed very quickly, that's why when I'm looking for a way to do things better, I can say that new forms of self-protection can be generated, some are looking for altcoins, and that is not bad, but we must see that altcoins cannot survive without bitcoin, 'because bitcoin is the one that has life Without bitcoin there are no altcoins, bitcoin has a life of its own, altcoins if we look closely will always follow bitcoin, in fact their movements are very similar , at least with altcoins that are older their graphs are very similar to bitcoin.
Don't look at it this way, think about the contributions of altcoins towards the adoption rate of Bitcoin and the overall market, if it wasn't for altcoins, Bitcoin wouldn't be as widespread as it is today because altcoin projects promote the market, and when the market is promoted, people tend to look for the leader of the market and we all know who the leader is, it's Bitcoin, of course.
So altcoins have greatly helped Bitcoin gain the level of adoption that it has today, this is why I also think that Bitcoin did need altcoins even if it doesn't need them anymore because it has become extremely popular now, but for adoption in the past, altcoins played a great role.
-
Well I have a very different vision of this, for me the altcoins are the ones that need bitcoin, in an eventual disaster or crash worldwide, I think that the altcoins are the ones that will always bleed very quickly, that's why when I'm looking for a way to do things better, I can say that new forms of self-protection can be generated, some are looking for altcoins, and that is not bad, but we must see that altcoins cannot survive without bitcoin, 'because bitcoin is the one that has life Without bitcoin there are no altcoins, bitcoin has a life of its own, altcoins if we look closely will always follow bitcoin, in fact their movements are very similar , at least with altcoins that are older their graphs are very similar to bitcoin.
Don't look at it this way, think about the contributions of altcoins towards the adoption rate of Bitcoin and the overall market, if it wasn't for altcoins, Bitcoin wouldn't be as widespread as it is today because altcoin projects promote the market, and when the market is promoted, people tend to look for the leader of the market and we all know who the leader is, it's Bitcoin, of course.
So altcoins have greatly helped Bitcoin gain the level of adoption that it has today, this is why I also think that Bitcoin did need altcoins even if it doesn't need them anymore because it has become extremely popular now, but for adoption in the past, altcoins played a great role.
You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low
-
You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low
Both Bitcoin and altcoins are related with each other and of course Bitcoin price is regularly changing the price of altcoins but it does not mean that the highest price of Bitcoin is due to the rise in altcoins price. It can be said that those who cannot buy Bitcoin due to the highest worth have the opportunity to buy some altcoins to increase the worth of their money.
If there was just a single currency like Bitcoin then people will not be involved in investment of crypto as much as they are now because everyone cannot afford the buying of Bitcoin due to its expensive nature.
-
You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low
Both Bitcoin and altcoins are related with each other and of course Bitcoin price is regularly changing the price of altcoins but it does not mean that the highest price of Bitcoin is due to the rise in altcoins price. It can be said that those who cannot buy Bitcoin due to the highest worth have the opportunity to buy some altcoins to increase the worth of their money.
If there was just a single currency like Bitcoin then people will not be involved in investment of crypto as much as they are now because everyone cannot afford the buying of Bitcoin due to its expensive nature.
We can buy Bitcoin according to the money we have, so we don't have to buy at least 1 BTC. Bitcoin will always be king, where bitcoin price movements will influence the prices of other altcoins. that is the reality of what is happening in the crypto world
-
You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low
I wouldn't really completely agree with this assertion.
The only reason bitcoin is doing so well today was because more people are adopting and using it, even before the emerging of altcoins, Bitcoin has been doing pretty well and still is, on the contrary, I believe it's the other altcoins that actually depends on Bitcoin's popularity to survive and do well.
-
You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low
The existence of altcoins surely support Bitcoin. Bitcoin becomes popular because of the supports from altcoins. However, I think the price of Bitcoin isn't influenced by altcoins. Bitcoin price is growing with its own way, it is expensive because it has limited supply. But I don't deny that the popularity of Bitcoin triggers higher demands on Bitcoin. Anyway, we can't claim Bitcoin was has no value because there were no altcoins. Everything should be cheap when it is in a very early stage of development.
-
You are right, bitcoin also needs altcoins to be more popular like they are now. Because if it wasn't as popular as it is now, the price of bitcoin wouldn't be this expensive. Have we forgotten when bitcoin was first launched and at that time there were no altcoins, the price of bitcoin was very low
The existence of altcoins surely support Bitcoin. Bitcoin becomes popular because of the supports from altcoins. However, I think the price of Bitcoin isn't influenced by altcoins. Bitcoin price is growing with its own way, it is expensive because it has limited supply. But I don't deny that the popularity of Bitcoin triggers higher demands on Bitcoin. Anyway, we can't claim Bitcoin was has no value because there were no altcoins. Everything should be cheap when it is in a very early stage of development.
You absolutely said it all in a more clearer way.
The reason bitcoin price was relatively low was because it was merely in its earliest stage and needed nothing but time and all it already has.
So I'll change my assessment a bit, I'd also say that on a scale of 1 to 10, if I'm to scale just how much altcoins contributed to Bitcoin's popularity, then I'll say just 1.
Reason because wa few people got introduced into the crypto industry via airdrops and bounties before they even got to know about Bitcoin so yeah in some little way altcoins might have just contributed a little to Bitcoin's popularity.
-
Well I have a very different vision of this, for me the altcoins are the ones that need bitcoin, in an eventual disaster or crash worldwide, I think that the altcoins are the ones that will always bleed very quickly, that's why when I'm looking for a way to do things better, I can say that new forms of self-protection can be generated, some are looking for altcoins, and that is not bad, but we must see that altcoins cannot survive without bitcoin, 'because bitcoin is the one that has life Without bitcoin there are no altcoins, bitcoin has a life of its own, altcoins if we look closely will always follow bitcoin, in fact their movements are very similar , at least with altcoins that are older their graphs are very similar to bitcoin.
It's safe to say that most cryptocurrency traders and investors have Bitcoin as their primary investment objective.
Bitcoin accounts for more than half of all crypto asset market cap and altcoin prices are usually measured in Bitcoin.
This gives Bitcoin a lot of influence and control over Altcoin prices.
But Bitcoin and Altcoins are two sides of a coin that will influence each other as supply and demand are at the root of the relationship.
That's why traders/investors are advised to diversify, as this can help reduce the risk of both.
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.
-
~ ~ ~
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 :)
-
There is no intention to take sides with Bitcoin fans or Altcoin fans, but if you realize this is like a marketing strategy in selling. Between Bitcoin and Altcoin there are options, when there are BTC and ALT new people tend to choose between these two options, even though it's all still in the cryptocurrency pool. Meanwhile, if there is no ALT, investors most likely have other choices such as FIAT, gold, shares or others. It is clearly out of the cryptocurrency space which actually makes the existence of cryptocurrencies unpopular.
Altcoins are quite attractive for new people, and Bitcoin is attractive for long-term investments. I think the two really complement each other.
-
We can buy Bitcoin according to the money we have, so we don't have to buy at least 1 BTC. Bitcoin will always be king, where bitcoin price movements will influence the prices of other altcoins. that is the reality of what is happening in the crypto world
There is no pressure on us to buy a whole Bitcoin so we can buy it in parts and this is the better option with Bitcoin investment. There is no better coin for investment other than Bitcoin because if we think about the pump of altcoins then we have to see the price fluctuations of Bitcoin because altcoins will always follow the path of Bitcoin.
Bitcoin and altcoins are a part of the crypto world so we cannot ignore the importance of any of these but the main thing here is that Bitcoin is a single investment asset that does not depend on others and also there is no chance to become scam but altcoins other than top ones are still doubtful for their success.
-
So altcoins have greatly helped Bitcoin gain the level of adoption that it has today, this is why I also think that Bitcoin did need altcoins even if it doesn't need them anymore because it has become extremely popular now, but for adoption in the past, altcoins played a great role.
Altcoins didn't help Bitcoin but the other way round. Before the Bitcoin halving, all the coins get excited, they move together with Bitcoin and after the Bitcoin halving, Bitcoin continue to grow without taking altcoins on the ride, it will continue like that until a new all time high is set but despite this, some altcoins might be getting movements due to events and partnership and then when Bitcoin stop, it shift dominance and money from Bitcoin to altcoins, that's when you see altcoins making a run for their money. So I think Bitcoin help altcoins even more than they help bitcoin.
-
~ ~ ~
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.
-
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
-
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.
-
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.
-
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.
-
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
-
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 (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.
-
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 (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.
-
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.
I think so
Correction is a healthy reset, capital flows into the network climbing again, Bargains will float to the surface and correction can be the perfect time to get rich if we are prepared for one
BTC just had a halving, Financial Companies are coming in and Halving will make BTC more valuable.
We are still in the early stages of a huge exponential move, Bitcoin season.
And I hope Altcoin season will follow soon
-
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.
I think so
Correction is a healthy reset, capital flows into the network climbing again, Bargains will float to the surface and correction can be the perfect time to get rich if we are prepared for one
BTC just had a halving, Financial Companies are coming in and Halving will make BTC more valuable.
We are still in the early stages of a huge exponential move, Bitcoin season.
And I hope Altcoin season will follow soon
agree, because this is the initial stage of the 4-year cycle that usually occurs. corrections will always happen, although many panic and think the bullish season is over, I don't think they look at past experiences. Bitcoin is bullish after a year of bitcoin halving, that's what usually happens.
-
agree, because this is the initial stage of the 4-year cycle that usually occurs. corrections will always happen, although many panic and think the bullish season is over, I don't think they look at past experiences. Bitcoin is bullish after a year of bitcoin halving, that's what usually happens.
When the 4 year cycle is finished, we have to leave immediately to secure the profits we have made, converting all assets into USDT is a very good choice. It is very easy to make a profit in Cryptocurrency. We only need to understand and follow the price movements that occur in cryptocurrency to still make a profit.
-
agree, because this is the initial stage of the 4-year cycle that usually occurs. corrections will always happen, although many panic and think the bullish season is over, I don't think they look at past experiences. Bitcoin is bullish after a year of bitcoin halving, that's what usually happens.
When the 4 year cycle is finished, we have to leave immediately to secure the profits we have made, converting all assets into USDT is a very good choice. It is very easy to make a profit in Cryptocurrency. We only need to understand and follow the price movements that occur in cryptocurrency to still make a profit.
It sounds easy, but in reality, it's not that easy.
It takes a strong belief to keep believing in Bitcoin, volatility can sometimes scare us and the market will eventually force us to sell and the massive gains won’t be there anymore.
Investing is about money management, and becoming a BTC bull by choice.
So keep calm, stay safe and Patience is the virtue