Post
Topic
Board Bitcoin Discussion
Re: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle?
by
mirakal
on 16/11/2023, 20:25:17 UTC
Many people in the crypto market are still uncertain about which type of asset to hold onto for the upcoming growth cycle of the crypto market: Bitcoin or Altcoins.
Referring to altcoins as "assets" makes no sense since at best they are a worse version of penny stocks which are garbage stocks from garbage companies 99% of which have no future whatsoever. Altcoins are the same, majority of them are absolutely useless and they are all created for pump and dumps which are risky to get involved in.

In any case, during the "bull cycles" if anyone wants to touch altcoins they should firs prepare themselves for the concept of pumps and dumps otherwise they will be dumped on and become bag-holders. It is of paramount importance to know when to sell altcoins and how to do it quickly.

This is why we always suggest newcomers to stick to bitcoin alone.
Its not wrong to invest in altcoins as long as you are on the right coins to invest. But the fact that altcoins create a higher risk of losing, then it's safe if we will only stick to bitcoin not because it has high promising profits, but because its never a pump and dump scheme like altcoins. Although altcoins can somehow bring exceptional profits but in most cases, its always losses than gains.

So my advice is to focus on bitcoin if you aim to maximize your investment profits when bull run comes. When you are already create a massive profits on your own, then its not bad at all to risk some small amount on altcoins but make sure to sell them instantly before their prices dump in the market.