Re: Is it worth buying other cryptocurrencies other than bitcoin?

I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

First, how long does the coin last in the market. Second, the benefits of the coin.
I think, to buy coins, Bitcoin is enough to be the main choice in the crypto space. If you can't afford it because of expensive reasons, I think you can buy it according to the current financial capabilities available. Coins other than BTC in my opinion are also worth buying like ETH and BNB.

What do you mean by saying if you can't afford it? You can also buy fractions of a Bitcoin, that is no problem at all. By now more and more people start calculating in fractions like mBTC anyway because Bitcoin is way too expensive to calculate things in whole Bitcoins. That was also the intention Nakamoto had in mind when he allowed for a pretty big divisibility of Bitcoin. Other coins can make sense if they complement your portfolio somehow. I don't think it makes much sense to hold Bitcoin + Litecoin because they are very similar except for some minor parameters that have been changed.

I'm just saying if you can't afford to buy Bitcoin because of expensive reasons, then you can buy it according to your current financial capabilities. Am I wrong?
My answer is quite simple actually in this post thread, namely the things I consider before buying coins. And my best choice is BTC. Because I know, that the purpose of the birth of Altcoins in the crypto space is also good.
Sorry if I misunderstood what you meant. (Hero Member) please enlighten me.

Hm ok you put it in a way such that there might be a reason why people can't afford Bitcoin at all, but that does make no sense as there is the divisibility where you could theoretically buy tiniest fraction of a bitcoin. Anyway, as you said making sure to at least participate a little bit in this innovative technology makes a lot of sense as there is plenty of room for it to grow.