Bitcoin vs Altcoins: What's the Difference and Which One Should You Start With?

[Glow]

Hey everyone,If you are new to crypto, you would have probably heard people talk about Bitcoin and altcoins but don't you wonder what is the real difference, and which one should you actually start investing in?

Bitcoin is the first and most well-known cryptocurrency. It is often called (digital gold) because it is mainly used as a store of value. There is a limited supply (only 21 million will ever exist), and it is seen as a safer option in the crypto world.

Altcoins, on the other hand, are all the other cryptocurrencies that came after Bitcoin like Ethereum, Solana, Cardano, etc. Some have cool use cases like powering apps, NFTs, or smart contracts, but they are usually more volatile (prices go up and down faster).

So which one should beginners choose?
In my opinion, it is smart to start with Bitcoin. It is more stable and easier to understand. Once you are more comfortable, you can explore some of the popular altcoins like Ethereum. Just avoid jumping into meme coins or hype projects without understanding what they do.

Start slow, do your own research, and never invest more than you are willing to lose. Hope this helps someone out there,trade smart and trade in a way that you are taking profit being less greedy and at thesame time incorporate proper risk management.

[Stompix]

Bitcoin vs Altcoins: What's the Difference and Which One Should You Start With?

Ok, so....what's the difference because well, you didn't list a single one!
I seriously don't get this trend of newbies starting topics in which they claim to help others understand stuff and give literally no real information, just 8 lines of nothing.

Also, I fail to see why anyone should trade something based on how they understand that process, I don't think anyone is an engineer before trading oil, a pharmacist before trading pharmaceutical shares, or an expert in lithography before buying NVIDIA stock. And before anyone says you need to know about Bitcoin before trading, I would remind you that people still don't understand how mining and confirmations work, and I'm not talking about newbies but unfortunately, veteran members.

[Hatchy]

They all are volatile. But what differentiate bitcoin from those altcoins is it's ability to regain its value over time. If you watch how the market moves in relation with bitcoin price, you will know that must if those altcoins will not be able to survive without bitcoin. Also I usually advice newbies to stay away from mene tokens. Yes they might be profitable in a short time but same they can ruin you completely. So make sure to do researchs so you don't invest in something that carries too much risk.

[bitterguy28]

So which one should beginners choose?
In my opinion, it is smart to start with Bitcoin. It is more stable and easier to understand. Once you are more comfortable, you can explore some of the popular altcoins like Ethereum. Just avoid jumping into meme coins or hype projects without understanding what they do.

almost everyone that got into crypto started with bitcoin anyway since it is the most popular but nowadays where altcoins are also gaining some traction some people might discover crypto through altcoins but they will realize that altcoins require skills and experience that beginners would not have

eventually when one is able to learn about the intricacies of crypto, they can invest in both bitcoin and altcoins and it is up to them how to distribute the money they are going to invest in the two

[target]

Bitcoin vs Altcoins: What's the Difference and Which One Should You Start With?

Ok, so....what's the difference because well, you didn't list a single one!
I seriously don't get this trend of newbies starting topics in which they claim to help others understand stuff and give literally no real information, just 8 lines of nothing.

Also, I fail to see why anyone should trade something based on how they understand that process, I don't think anyone is an engineer before trading oil, a pharmacist before trading pharmaceutical shares, or an expert in lithography before buying NVIDIA stock. And before anyone says you need to know about Bitcoin before trading, I would remind you that people still don't understand how mining and confirmations work, and I'm not talking about newbies but unfortunately, veteran members.

Reading charts is all they need to know to trade. Somehow they manage to profit without understanding blockchain. It doesn't matter anymore unless they really are going to be mining coins or staking some altcoins.

So far they know the basics of securing their investments like keeping the private keys and sees phrase. Those who introduced them to crypto at least made then understood this because of the threats and hacking incidents in crypto.

[Charles-Tim]

Bitcoin is a store of value and it can be used for long term investment unlike altcoins which are proving not to be a store of value. Altcoins are not getting to all-time high is the problem people should not invest in them in long term. Even Ethereum did not get to all-time high in this bull season.

[Mr. Magkaisa]

        -      They are both volatile, maybe just at the average level of volatility, then I just noticed that you didn't seem to have defined the exact difference between bitcoin and altcoins. Because in reality, they are both able to provide profit to any of us in this community of the crypto space.

But of course, they are also both worth studying before actually jumping into trading. Because they are both not easy to understand in reality
when we are conducting trading activities.

[MrSpasybo]

almost everyone that got into crypto started with bitcoin anyway since it is the most popular but nowadays where altcoins are also gaining some traction some people might discover crypto through altcoins but they will realize that altcoins require skills and experience that beginners would not have

eventually when one is able to learn about the intricacies of crypto, they can invest in both bitcoin and altcoins and it is up to them how to distribute the money they are going to invest in the two

Well, since this topic is in the Trading section, I'll understand the question as whether new traders should choose BTC or ALTs when starting out in the crypto market and beginning their trading career.

My answer is BTC.

BTC is the crypto king, and the BTC price is always considered a health indicator for the entire crypto market. I personally only follow the BTC price to know what stage the market is in and how it might fluctuate in the future. Technical analysis is based on the repetitive behavior of the majority, and only BTC meets these requirements.

When applying technical analysis to BTC, traders are often more successful. BTC also has a halving every 4 years, which creates the cycle of the entire market. In addition, BTC is also the top safe-haven asset in this market, traders should never ignore BTC in their portfolio.

[Findingnemo]

You could explained one thing in detail instead of spitting some generic facts which is known to 99% of users already and even if they don't know yet they are not going to make anything out of what you shared. There is no need to rush or wall of text while posting, just imagine that if you teach something and whether it will be useful for anyone? There is no point in sharing such generic threads which we call it as spam.

[Asiska02]

So which one should beginners choose?
In my opinion, it is smart to start with Bitcoin. It is more stable and easier to understand. Once you are more comfortable, you can explore some of the popular altcoins like Ethereum. Just avoid jumping into meme coins or hype projects without understanding what they do.

Start slow, do your own research, and never invest more than you are willing to lose. Hope this helps someone out there,trade smart and trade in a way that you are taking profit being less greedy and at thesame time incorporate proper risk management.

The market is very volatile and it doesn’t matter the type of coin you’re trying to trade, when volatility hits so hard, it makes you make rational decisions that may have you regret your choices sometime during trading. Bitcoin are good for investment as for start but when you’re comparing them in terms of trading to altcoins, which one you should go for, then what matters is how well you can maximize your technical skills into making the right decision when trading. They’re both volatile and can be traded but only with the right knowledge will you see good results from it.

[hugeblack]

Trying to explain Bitcoin to beginners when you don't know much about it will only lead to content like this, with generic words and no real benefit, as many here have some knowledge (even if just a little) about cryptocurrencies.


I can understand posts like this on X, Facebook and elsewhere, but not in forums like this.

[jeraldskie11]

If a beginner wants to invest in crypto, I will give them the choice between Bitcoin or altcoins. And I will also explain to them what's the difference between them. I do not recommend investing only in Bitcoin because it is not completely safe, just like altcoins, it has risks. However, their risk is different and Bitcoin has lower risk while altcoins has the higher rewards. Most important thing to avoid for beginners is to avoid investing in meme tokens and newly launched coins.

[Mr. Magkaisa]

Trying to explain Bitcoin to beginners when you don't know much about it will only lead to content like this, with generic words and no real benefit, as many here have some knowledge (even if just a little) about cryptocurrencies.


I can understand posts like this on X, Facebook and elsewhere, but not in forums like this.

            -     That's why it's so important that we really have knowledge about bitcoin or cryptocurrency so that at any time we don't have to worry about answering because we really know what bitcoin or cryptocurrency is.

But for those who don't know yet, they can easily be misled by the wrong explanations of others if others are not that deep in their knowledge of bitcoin or cryptocurrency. Though, we know that both have benefits and both can give profits as well.