Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: moonking on October 18, 2018, 06:04:14 PM
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I've been ignoring bitcoin for a while now, I had bad experience with fees, and in the beginning lost a chunk because I was sending with high fees accidentally. I put the rest, about $30 into dogecoins, and it rose to over $200 and I sold it. After that I fell in love with alts. I've been so spoiled with alts, if I have to wait longer than five minutes for confirmation, I'm a little edgy, I'm glad locked up bitcoin transactions are a thing of the past for me now, since I don't send bitcoin anymore. Do you choose alts over bitcoin purely out of fees/long transacton times?
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I agree with your words. At the beginning of the year, I mostly heard about Bitcoin and did not pay attention to many altcoins. I realized that it is profitable to buy new altcoins. At the beginning of the year I bought a lot of altcoins. Many have given me a lot of profit, even now. I'm in profit guys)
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I try to avoid transferring bitcoin as much as possible before the lightning network was implemented because the transfer fees are just too much. The payoff for choosing alts over bitcoin can be huge
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It's just a matter of right timing and willingness to take the risk in altcoins to reach the level of successful profit because being stick in bitcoin sometimes make your money stagnant for the long time.
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I agree with your words. At the beginning of the year, I mostly heard about Bitcoin and did not pay attention to many altcoins. I realized that it is profitable to buy new altcoins. At the beginning of the year I bought a lot of altcoins. Many have given me a lot of profit, even now. I'm in profit guys)
Awesome, glad to hear you reached profitability with alts. Hopefully litecoin will be as good to me as dogecoins were, but I'm still holding on to the dogecoins as well. New non ether currency definitely has potential, new contract coin, security coins, etc, have lots of appeal for ICO's and personal use.
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Yeah you are right.Actually i started with my crypto experience with bitcoin. I bought bitcoin 1 years ago. and that time i didnt use my bitcoin. Always i bought neo and eth and make transactions with these altcoins. After some time i tried to send my btc to binance. Wow. that is really big issue. We can not track clearly and that is really slow and fee is really expensive. I waited aproximately 30 minutes for that tax. And after that i realised how beautiful are alts..
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You have normal strategy, because to get a good profit from bitcoin need to invest in it at least a few thousand dollars, but with alts is much easier to work, because you can invest a hundred dollars and at the best deal multiply it tenfold.
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Alts were very kind to me last year. I hold very little Bitcoin... but that was the wrong move for this year. Bitcoin has held its value much better than altcoins have in 2018.
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Yeah you are right.Actually i started with my crypto experience with bitcoin. I bought bitcoin 1 years ago. and that time i didnt use my bitcoin. Always i bought neo and eth and make transactions with these altcoins. After some time i tried to send my btc to binance. Wow. that is really big issue. We can not track clearly and that is really slow and fee is really expensive. I waited aproximately 30 minutes for that tax. And after that i realised how beautiful are alts..
Yes, and thirty minute transaction is a good day too, I waited two days, my mistake, fee too low, but fees were huge at that time, so I couldn't really afford it, that was some of my last uses of bitcoin.
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My alts are dominant compare to Bitcoin but I don't want the popularity and hype died because the price alts are pegged with BTC.
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I am sure that Bitcoin will soon lose both its popularity and its high price, because it is mainly used as a means of accumulating value. This is a dead end in development, it cannot lead anywhere, and its large current price will fall after a panic when it once again soars in price.
The future is for altcoins.
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You have normal strategy, because to get a good profit from bitcoin need to invest in it at least a few thousand dollars, but with alts is much easier to work, because you can invest a hundred dollars and at the best deal multiply it tenfold.
I agree, I spent a lot of time on earning sites when I first started with crypto, and even rewards get affected by bitcoin transaction fees, I started using litecoin to cash out, and it's so much cheaper. Unfortunately not many places reward in doge, but I just converted after wards, and it worked fine.
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I am the same as you. I prefer Altcoin rather than pure Bitcoin. Because in terms of price I still can't afford to buy Bitcoin at that price. On the other hand there are several Altcoins that make me able to buy them, just like Ethereum, RIpple and Litecoin. I am able to play in it and get benefits.
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Invest in altcoins is not a big mistake. Some altcoins have the more good feature than Bitcoin itself. You can see some of them offer the speed in processing transaction, some of them smart contract ability and some of them can give you dividend when you hodl them. But remember the key is you must research which one is a really a good altcoins. Some people just got confused cause at the moment there is a lot of altcoins. I'm suggesting you just buy the top altcoins like Neo, Ontology, ETH, TRX
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I think it depend on altcoins which you choose. There are a lot of shitcoins. First of all you have to read about project and explore it. Anyway I agree with you that altcoins can give a good profit bigger than BTC.
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Invest in altcoins is not a big mistake. Some altcoins have the more good feature than Bitcoin itself. You can see some of them offer the speed in processing transaction, some of them smart contract ability and some of them can give you dividend when you hodl them. But remember the key is you must research which one is a really a good altcoins. Some people just got confused cause at the moment there is a lot of altcoins. I'm suggesting you just buy the top altcoins like Neo, Ontology, ETH, TRX
I agree with you completely, some of the features of alts are better than bitcoin, like security coins like Zcash, and speed of transactions of course is a big one as well.
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BITCOIN low transactions and high fees are its main problems and are actually not solved. That's why there are many altcoins that are trying to replace it but without any big success. Bitcoin market dominance is still more than 50% and its value is relative high compared to altcoins if you look at prices now compared to 1 year ago.
I prefer some other altcoins like Cardano, Eth and Stellar Lumens to Bitcoin but BTC is always in my portfolio because its price can still make big movements in altcoins too.
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In nowadays, people choose altcoins more than bitcoin due to potential and profitable reasons. The high value of bitcoin affects the possible high demands specially if the people are experiencing drought. Even people choose altcoins over bitcoin there's nothing change. Bitcoin will remain as the king.
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I think it's a choice that I don't think is good, because bitcoin is a support for the success of other coins. If the problem of bitcoin prices still occupies the first rank in the cripto world maybe by joining all crypto it is much better
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Altcoins now is better because some altscoins have cheap price right now and you can invest there and wait for to pump up. Bitcoin now is very down it good also to buy and invest in bitcoin and it will pump soon end of this year or first month next year just wait them to pump up and sell or trade it. No need to choose just invest to the good ones and right one to have more profit.
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I've been ignoring bitcoin for a while now, I had bad experience with fees, and in the beginning lost a chunk because I was sending with high fees accidentally. I put the rest, about $30 into dogecoins, and it rose to over $200 and I sold it. After that I fell in love with alts. I've been so spoiled with alts, if I have to wait longer than five minutes for confirmation, I'm a little edgy, I'm glad locked up bitcoin transactions are a thing of the past for me now, since I don't send bitcoin anymore. Do you choose alts over bitcoin purely out of fees/long transacton times?
I personally stil prefer invest in bitcoin, because bitcoin is still the best of crypto currency.
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DOGE is always made the choice for micro transactions, the fees are cheap and the network is pretty fast making DOGE good for that.
If compared with Bitcoin it is very expensive for the transaction costs.
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I've been ignoring bitcoin for a while now, I had bad experience with fees, and in the beginning lost a chunk because I was sending with high fees accidentally. I put the rest, about $30 into dogecoins, and it rose to over $200 and I sold it. After that I fell in love with alts. I've been so spoiled with alts, if I have to wait longer than five minutes for confirmation, I'm a little edgy, I'm glad locked up bitcoin transactions are a thing of the past for me now, since I don't send bitcoin anymore. Do you choose alts over bitcoin purely out of fees/long transacton times?
I personally stil prefer invest in bitcoin, because bitcoin is still the best of crypto currency.
If I had a few grand, I think I would consider bitcoin over others, maybe for stability or growth, but if I have 20 bucks and want to move it around, I think dogecoins or litecoin will save on fees in the long run.
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Based on your story I understand it, maybe bitcoin is not worthy of being a money-making tool. But the reality is that many people store bitcoin and bitcoin to standardize the value of all Altcoins. I agree that to get money by trading in alt and then saving in the form of bitcoin and fiat.
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So far altcoins is the another opportunity to invest more and more because there are altcoins that have bright future in crypto. Ethereum is good example of potential alt that shows to bitcoin that there are more chances in investment not just bitcoin.
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I am the person. I prefer coins in Altcoin rather than having to go to Bitcoin. Because for me Bitcoin is too high to be able to reach and buy it in one coin. So I prefer Altcoin and there are lots of coins that are friendly and have good market potential.
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BITCOIN low transactions and high fees are its main problems and are actually not solved. That's why there are many altcoins that are trying to replace it but without any big success. Bitcoin market dominance is still more than 50% and its value is relative high compared to altcoins if you look at prices now compared to 1 year ago.
I prefer some other altcoins like Cardano, Eth and Stellar Lumens to Bitcoin but BTC is always in my portfolio because its price can still make big movements in altcoins too.
Stellar lumens attracts me immensely, but I never ended up holding them, because I only had a little bit on a dice site. But it's a currency I'll be following for sure.
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Nope,its much better to have a diverge investment compared to a onesided investment by choosing only one investment.
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Me too, Bitcoin fees was so high so that I prefer to invest and trade with altcoins especially ripple and monero. They arr good coins that always give me profit when trading, I dont see bitcoin as a profitable coin for now
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for me they are both important in my life because it's just the loser in trading or markets. I think I'll choose altcoins because altcoins are now widespread in markets this year, but of course the bitcoin will not be released such conversations
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best decision if you ask me. there are a limited room to growth for btc when you compare it with some new promising altcoins which has almost 0 marketcap. I'm with you brah.
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in my personal opinion.bitcoin is profitable holding bcz most altcoin will follow bitcoin but definately some altcoin is doing fine in this bearish market.
i m holding bitcoin.
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I personally wouldn't sell at such big losses.
It depends on the project of course, but I think the good alts will go up again, just a matter of time.
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Me too, Bitcoin fees was so high so that I prefer to invest and trade with altcoins especially ripple and monero. They arr good coins that always give me profit when trading, I dont see bitcoin as a profitable coin for now
Surely when bitcoin returns to highs again, I think alt coins will go up more than 2x, they appear to rise and fall more than the bitcoin.
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About prices and the position of no coins that are better than Bitcoin, but Altcoin is more popular today, and many investors are turning to Alts.
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Yes i agree with you too. But invest in the good altcoins. If you got confuse just invest in the top rank altcoin like ETH, NEO, Cardano, Ontology. Some of them can give you free dividend too when you have it. and in the altcoins the transfer fee and the quick of processing is more good than Bitcoin.
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you don’t need to give up bitcoin, every investor should have this coin, because this is the main coin to which the entire market is tied, you can store bitcoin and work with other altcoins 8)
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you don’t need to give up bitcoin, every investor should have this coin, because this is the main coin to which the entire market is tied, you can store bitcoin and work with other altcoins 8)
I was thinking about that, but my whole capital is only a few hundred bucks, and I like to send them a lot. And some at coins respond well to news and can grow doube over night.
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I agree with you. As transaction fee and speed, BTC is expensive and slow when i compare with ETH, NEO, BCH and other coins. But altcoin's fate depends on BTC for value thats why you shouldnt ignore it :)
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if I still choose bitcoin bro. because with bitcoin I can exchange with other crypto or spend with other crypto. and it's easy for me to get bitcoin. almost all cryiptocurrency markets accept bitcoin bro .
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Holding altcoins is a good choice to get more profits that buying bitcoin. I agree with your way to have altcoins because of potentially gain profits faster. I also choose to have altcoins right now. I am holding ethereum and stellar.
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I've been ignoring bitcoin for a while now, I had bad experience with fees, and in the beginning lost a chunk because I was sending with high fees accidentally. I put the rest, about $30 into dogecoins, and it rose to over $200 and I sold it. After that I fell in love with alts. I've been so spoiled with alts, if I have to wait longer than five minutes for confirmation, I'm a little edgy, I'm glad locked up bitcoin transactions are a thing of the past for me now, since I don't send bitcoin anymore. Do you choose alts over bitcoin purely out of fees/long transacton times?
in my opinion, Bitcoin has already lost its properties and people are not interested in them, nthorium was taken by ethereum, which is the most promising
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Your actions are almost the same as mine. I used to have Bitcoin. But my heart is told to Ethereum, which is one of the best Altcoins currently owned. so I chose to sell my Bitcoin and then I bought Ethereum. Because to be honest, I am very interested in the market and also its popularity is getting better and better.
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I agree with you, because lately we have heard much more news about various altcoins than about Bitcoin, so it is possible that investors will start investing more in alts.
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can u change your other coins into usd without converting from bitcoin?
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can u change your other coins into usd without converting from bitcoin?
Yes I have two local KYC exchanges, and they accept quite a few popular alt coins, and have fiat pairs for them, but both don't have doge, so to cash out doge I convert to litecoin first, and than I can exchange litecoin to dollars. Also I noticed some trusted paypal dealers also accept a wide variety of popular alt coins.
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Fear is normal in crypto place or out of this place. Risks must be face to see the success behind. You are a risk taker not timid. Move on and go with the flow with good strategies.
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It is not possible to ignore Bitcoin and turn to altcoins. The realization of this requires a little more successful project.
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can u change your other coins into usd without converting from bitcoin?
Yes I have two local KYC exchanges, and they accept quite a few popular alt coins, and have fiat pairs for them, but both don't have doge, so to cash out doge I convert to litecoin first, and than I can exchange litecoin to dollars. Also I noticed some trusted paypal dealers also accept a wide variety of popular alt coins.
Can you share the experience of that and how you do that? Because I think it's not available in many exchanges and the exchange still needs bitcoin, and then people can convert into fiat. And if this can work, then I think it will be good that we can directly convert the altcoin to fiat without using bitcoin.
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basically, btc and alt have a difference. In addition the btc prices that are higher than alt, btc is also more suitable for long-term investments. while the altcoin is suitable for short-term investments.
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I am also here a fan of coins in Altcoin which until now is my priority. I really ignored Bitcoin from the start and preferred to make Altcoin my income every day to meet the needs of my life. Indeed, if seen, Bitcoin is higher in price than coins in Altcoin. But for me, the market potential of Altcoin is better than Bitcoin.
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it's a choice, I think everyone has different opinions. basically, altcoins and btc have their respective advantages to invest and it will profitable.
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I choose altcoins then bitcoin due to it's stability. Bitcoin is not stable for now. If u invest u might regret later
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I agree with you. Bitcoin is already establish with high value which result in high transaction fee. on the other hand many altcoin is somehow a game changer you really need to know the project well ,while the price is low you can still purchase thousands or even millions which can give you a good profit when the price goes high.
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can u change your other coins into usd without converting from bitcoin?
Yes I have two local KYC exchanges, and they accept quite a few popular alt coins, and have fiat pairs for them, but both don't have doge, so to cash out doge I convert to litecoin first, and than I can exchange litecoin to dollars. Also I noticed some trusted paypal dealers also accept a wide variety of popular alt coins.
Can you share the experience of that and how you do that? Because I think it's not available in many exchanges and the exchange still needs bitcoin, and then people can convert into fiat. And if this can work, then I think it will be good that we can directly convert the altcoin to fiat without using bitcoin.
One that I used a lot in the past is quadrigacx.com But it is a local exchange, and they do require kyc (know your customer) My experience with them is good, but before they didn't require kys to sell, only to buy, but now things have changed and they require kyc to sell as well. They have usd and cad dollars, and non bitcoin pairs for alts (but not dogecoin) I don't think I would recommend it, because there could be a better local kyc exchange in your area.
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You are right, right now I am also very happy to hold Altcoins rather than bitcoin. I think Altcoins has advantages, because transaction fees are very cheap and very fast, which makes me fall in love with Altcoins.
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well I chose alts and ignored bitcoin 6 months ago. The result was me loosing %75 of my bitcoins. So now no way I am ignoring the king BTC. Alts are there yes, but btc will always be there
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Bitcoins and Altcoins each have their advantages, I now prefer to hold Altcoins because of their affordable prices and very cheap and fast transaction times.
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Your strategy was correct if you entered during bullish market because all alts run more than BTC!
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I mean, for transaction, yes there are brilliant projects out there, and even ether and ltc is pretty damn good. But if you ignore Bitcoin's price, don't do that. In this market, everything is shaped by bitcoin's price.
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I now prefer to hold Altcoin because the price is affordable and the transaction time is very cheap and fast. Bitcoin and Altcoin each have their own advantages.
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I now prefer to hold Altcoin because the price is affordable and the transaction time is very cheap and fast. Bitcoin and Altcoin each have their own advantages.
This is a right statement because price is also related to btc performance.
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I now prefer to hold Altcoin because the price is affordable and the transaction time is very cheap and fast. Bitcoin and Altcoin each have their own advantages.
This is a right statement because price is also related to btc performance.
Yes from all the posts, I get the idea that even if I don't invest in bitcoin, I shouldn't completely ignore it. As it is a good indicator for other currencies as well.
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Yes from all the posts, I get the idea that even if I don't invest in bitcoin, I shouldn't completely ignore it. As it is a good indicator for other currencies as well.
Right, you must understand that alts trading is only for collecting bitcoin. The bitcoin network has been trusted by many people, even now the active bitcoin wallet is the highest use. So, in time you will benefit from a lot of trade.
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if it's up to you. the name of the person must have opinions and tastes that are in accordance with his heart and mind. I also never beat that. but I myself prefer to choose bitcoin rather than alts
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Yes from all the posts, I get the idea that even if I don't invest in bitcoin, I shouldn't completely ignore it. As it is a good indicator for other currencies as well.
Right, you must understand that alts trading is only for collecting bitcoin. The bitcoin network has been trusted by many people, even now the active bitcoin wallet is the highest use. So, in time you will benefit from a lot of trade.
Interesting point of view that trading to cumulate bitcoin.
It should be applied in market you live.
Do you do the same in bear market?
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This also applies to me. Considering the room to growth for Bitcoin, it is really walled around. Instead investing in altcoins can provide more gain.
So, I am with you on this decision bro.
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Most in this thread write that choosing altcoins, but let's be more specific, because they are more than 3000 and most of them are garbage. Let's specify and write the name of the altcoin that you choose.
I'm interested in Fantom now, I'm waiting for it to appear on the exchanges.
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My experience is almost the same as yours. So I am currently choosing Altcoin and ignoring Bitcoin. Because I have a bad experience with Bitcoin and harming me in this case it is detrimental to my time and capital. So I sell Bitcoin and go to Altcoin which is easier. At the moment I am very happy to jump into Altcoin, which makes me able to invest with a little capital but the potential benefits are large. That is altcoin.
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Yes from all the posts, I get the idea that even if I don't invest in bitcoin, I shouldn't completely ignore it. As it is a good indicator for other currencies as well.
Right, you must understand that alts trading is only for collecting bitcoin. The bitcoin network has been trusted by many people, even now the active bitcoin wallet is the highest use. So, in time you will benefit from a lot of trade.
Interesting point of view that trading to cumulate bitcoin.
It should be applied in market you live.
Do you do the same in bear market?
I have a slightly different strategy, I buy cheap altcoins that I really like, Doge, Litecoin, Peercoin, with the idea that if bitcoin jumps, they might jump more. If something jumps independently of the market, I might sell half and buy other cheap coins. Next five years will be interesting in crypto world, as legalization and banning news might stir the market.
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Even the market is too weak and bitcoin is dropping but still we should not ignore bitcoins. Although we have so many profitable altcoins that we can choose but we should not underestimate bitcoins capability to rise rapidly unexpectedly.
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Some time is so boring when you have to wait up to 30 minutes before you will get confirmation. I like when I make transaction and get confirmation between one or two minutes, this is why I prefer most altcoin to bitcoin.
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I only invest in altcoin which project I trust and I believe for next future. Low fees and fast transactions are not the only factor that I'm looking for. Community is very important and also the goal of the project and if it can really improve crypto world with its purpose.
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With the way the market is going, I am beginning to feel that 2019 will be the year we all will benefit our crypto investment.
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I have a slightly different strategy, I buy cheap altcoins that I really like, Doge, Litecoin, Peercoin, with the idea that if bitcoin jumps, they might jump more. If something jumps independently of the market, I might sell half and buy other cheap coins. Next five years will be interesting in crypto world, as legalization and banning news might stir the market.
Right, it must be like that. We must understand the trading strategy and buy cheap altcoins then sell expensive to collect bitcoin. I believe that collecting bitcoin is the best strategy for investing because bitcoin is recorded to have the most active nodes of all coins.
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I think it's always a good idea to have Bitcoin, even if it's only 30%. Personally, I like to hold around 50% in a bear market.
Though now I'd only buy the dip on BTC, until the bear market is over that is before trading these off into alts to lower the btc dominance in portfolio.
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Investing in altcoins isn't a bad idea because some altcoins are worth investing and have the potential of growing into great coins in the future but bitcoin is also good. Ignoring bitcoin is not a very good idea for me personally though I agree the prices are low. I do still believe in bitcoin.
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It all depends on the the reason for owning these coins. If you want to make qi=uick moneys then i think alt coins are simply the way but bitcoin might be the main deal if you are thinking long term
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Each cryptocurrency has its own period of formation and development, the period of prosperity and price stabilization, and some, and the period of extinction. In my opinion, Bitcoin is already approaching the level of stabilization of its price. In addition, even if the price of it will grow substantially, it will be quite risky to invest in it because of the possibility of panic.
I now prefer ethereum, which is devoid of these shortcomings.
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I've been ignoring bitcoin for a while now, I had bad experience with fees, and in the beginning lost a chunk because I was sending with high fees accidentally. I put the rest, about $30 into dogecoins, and it rose to over $200 and I sold it. After that I fell in love with alts. I've been so spoiled with alts, if I have to wait longer than five minutes for confirmation, I'm a little edgy, I'm glad locked up bitcoin transactions are a thing of the past for me now, since I don't send bitcoin anymore. Do you choose alts over bitcoin purely out of fees/long transacton times?
I think It depends what you want. If you want short term or trading, I think You can choose altcoins like ripple. It is more potential.
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I also chose altcoins, because these coins can be traded daily or short-term. I usually do that to wait for the price of bitcoin to rise. Because if I focus on the down period, I will panic and sell my bitcoin. And I think that will be dangerous.
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I've been ignoring bitcoin for a while now, I had bad experience with fees, and in the beginning lost a chunk because I was sending with high fees accidentally. I put the rest, about $30 into dogecoins, and it rose to over $200 and I sold it. After that I fell in love with alts. I've been so spoiled with alts, if I have to wait longer than five minutes for confirmation, I'm a little edgy, I'm glad locked up bitcoin transactions are a thing of the past for me now, since I don't send bitcoin anymore. Do you choose alts over bitcoin purely out of fees/long transacton times?
No I personally still believe in bitcoin for long term investment. I also used ripple for short term or day trading.
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Because currently the price of Bitcoin is more expensive than altcoin for investment. Better to buy altcoin that costs as an investment state investment. With the same capital can buy more altcoin and potentially profit larger with the number of coins. Like. To buy a storlar or cardano that is cheaper and potential.
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Well, I believe this is the best option you can get for now. I say this because my situation is not different either.
Altcoins have more room to growth rather than Bitcoin. So, you'll probably have more x's if and only if you invested into coins which has a future or coins which might be pumped.