Quote from: hotpassion on May 12, 2021, 01:27:13 AM

We all see that the BTC price is sideway from 50k to 58k for few months now and it seem can't break up the 60k barrier. My portfolio is about 90% in BTC and I feel very depressed to see other altcoins prices are increasing very high in the last few months while the BTC price is stuck at the 5xk ranges. It is said that now most traders and retail investors are only interested in buying/trading altcoins, especially meme, animal coins because they can make much more profits comparing to buying BTC. Some of my friends have x10, x20 their portfolio just 3 months after entered the crypto market. I joined the crypto market since 2016 but can't make as much money as they do for just few months.

Doesn't this depend on the altcoin we are talking about? I mean surely there are altcoins that made a lot more profit to people if they switched from bitcoin, and there are some that would suck to switch, so it is coin by coin basis. Like just to give an example, shiba inu (which I find to be totally insane) went up 624% this week, that is 6x return in just one week, whereas Qtum went down 26% this week. That is basically one giving you 6 times more money than you entered versus losing quarter of your investment all inside just one week. This was taken from CMC as well and from the top 100 only for this week.

If you go back and if you check more places I am sure you can find coins that lost 80%+ and coins that earned 1000%+ as well. So, that means some are better than bitcoin and some are worse than bitcoin. Obviously in the long term I would pick bitcoin but in short term there are definitely better ones for profiting.