So here's the deal... Which one do you think is better and has more potential for profit?
When you look at BTC versus memecoins, the first one's price is pretty high, and you need a good amount of cash to get in. On the flip side, memecoins are super cheap, so you can buy more with a smaller investment.
Sure, those memecoins can turn into a pump and dump, but sometimes they bring some good returns too.
What do you guys think? Should we stick with memecoins for trading or go with BTC?
You can trade any coins but what that is very important is that you should first study the coin that you want to trade. Also know that there will be manipulation at anytime.
I trade altcoins and I trade bitcoin. They are all good but newbies should expect liquidation while trading altcoins that are very volatile.
Trade Bitcoin > less profit, less risk
Trade Memecoin > high profit, higher risk
When it comes to fast trading, Memecoin shitcoin are more profitable but comes with high risks due to their volatility. Risk management should come first before profit.
Choosing a coin to trade between bitcoin and other coins is all about risk tolerance. If you are ready to bid your funds farewell, Memecoin is for you but if you chose the safety of funds, bitcoin is for you.
Why would you choose memecoin over Bitcoin?
Have you considered the implications of trading memecoin, the volatility in that coin? To me I wouldn't for any day venture into trading memecoin as it's shitcoin so is better for me to secure the bags with good fractions of sats instead of burning down my energy watching and following up memecoin that is extremely volatile focused on overly hyped, whenever the hype ends the token turns into worthless shitcoin in the market.
This is the best way you can describe it. If you were late to Bitcoin pump you can go with the meme coin though it's way more volatile than Bitcoin as they can go up to more than 30% per day and goes down too in just a matter of minutes or hour. What I actually do is to have a small balance in my Altcoin spread through different meme coins or sometimes I just use it all in one meme coin trade to make some good profit, but for now I think it's better to hold your Bitcoin if you are not a trader or unsure of what you are doing or just use a small amount to trade meme coin for more profit just remember to do some research or don't hold it a little too long or over trade it.
Memes don't have certainty put in them - they exist to pump and die.
BTC is for going further and growing up of its values into something really bigger.
Yes there is no certainty in Memecoin which one hardly predicts or determine their future how it would be, but for Bitcoin one easily know how they would move over the time and it's a kind of stable investment even though the price moves over the time.
A good investors should be able to know that memecoin isn't something one should hold on because it's extremely volatile and mostly a pump and dump coin, therefore leaving meme to Bitcoin is more reliable and trustworthy than it.
Investors should go off the memes entirely, in my opinion, though we all know there are people loving the thrill of putting their funds into something that may bring immense returns or nothing at all
There is no guaranteed on investing on Memecoin Even though they sees it as something very beneficial to them it doesn't guaranteed long term profitability. Therefore, they must learn to invest on long term project with trust than going for a project without trust of lasting longer or yielding the required profits for them. Many investors sees memecoin as a fast yielding profits without knowing that they are extremely volatile and if they invest they must solely watch them carefully to know how they move or they must not hold for long term instead they can hold Bitcoin for long term than holding altcoin or shitcoin.
Trading is about professionalism, studying and being able to read the chart, understand and know the next move of the market in the next minutes, hours or day depending if you are a day trader or scalper. Some traders trade both Bitcoin and memecoin on different days of the week, depending on the coin that they are able to get a better analysis on. For a example, if a trader looks at some memecoin today for doesn't get a clearer view of the market direction but he again looks at the chart of Bitcoin and sees a better clean movement in the market, he or she can decide to trade Bitcoin for that day. So, it's not about the profitability alone but you consider risk and you ability to understand the market movements.
I strongly believe in diversification of portfolios as you can't be too careful or too good to know which asset is safe or not. Besides there is the saying, "you can't put all your eggs in one basket" simplying interpreted as spread your risk to avoid losing everything at a goal..with that said, in this scenario I will go for Bitcoin because it's the King of crypto but investment wise can't commit 100% funds into this. Secondly, not a fun of memecoins any more..maybe because Elon hurt the markets at one point and these can never be trusted.
BTC is King 👑.
Memecoins are very similar to gambling. There are not many indicators to show that a coin will pump. Sometimes you'll see a coin at $90k market cap and not buy only to wake up the next morning and it's on $1 million market cap. It favours people who have a lot of capital, people who have a lot of money to spend so they have the luxury of buying every coin they feel has potential.
The good thing about trading memes is that, if you're lucky, you can pick a coin that will do x100 within 24-72 hours, which can't happen with bitcoin. The problem is, the odds of you seeing that kind of coin and buying it when it was worthless and leaving it till it does that x500 is very slim, very similar to the odds of you winning a million dollars with $100.
I don't consider myself a trader, but if I'm to pick, on a personal level, I prefer trading bitcoin, still a lot of losses, but relatively more stable and safer than memes. I can't advise anybody on what to trade but what you should know is that you have to know what you're doing before you trade any crypto.
Bitcoin and this is the only most accurate answer you could get.
If you're to consider trading altcoins, they can be promising on high returns but the risk attached will make everything turned a nightmare on you because you may not achieve anything, you can also see for yourself how bitcoin has been rising while the altcoins nare not performing as expected of them.
When talking about trading these asset, you should be more specific, like is it spot trading which is buying and selling or futures trading where you predict the movement of the market, if it goes your way you makes money, but if it goes against you, you lose money.
So if it's spot trading you are talking about, the risk attached to both of these asset are on a different level, with Bitcoin, the risk is minimal and the rewards is not that much when compared to meme coin where the risk is very high, and the rewards is also on the high side, so it's best to trade according to your risk tolerance.
But if you are trading any of these asset in the futures market, the key thing is to be skilled in the craft. Once you know how to navigate your way in the market easily and comes out profitable, the asset you are trading will not be an issue because you are not holding any of them like we do in the spot market.
You can use leverage to amplify the volatility of Bitcoin close to meme coin volatility if your concern is the high volatility on the price as basis for profitability.
Bitcoin doesnt rug pull unlike meme coins that usually doesnt recover once dead from devs rug pull. Also you can just hold and wait for the price to grow on Bitcoin without worrying that it will be worthless in the future.
Bitcoin is the best if you want to remove the danger of holding worthless token in the future.
I think it all depends on you; both are profitable but one have more risk.
If you trade Bitcoin, you can get profit but it will not be that much unless if you hold Bitcoin for long, while if you trade meme coins, you can get huge profit within short period of time and you can as well lose your money at any moment because of market price manipulations and so on.
For trading purposes, I think meme coins or alt coins are very good if you have good knowledge about market analysis, Technical and Fundamental analysis. You can make huge profit from any trade you enter provided you have good entry and you know how it is going to end, but if you dont have any knowledge about all these analysis, you should just focus on holding Bitcoin or trading Bitcoin because it is less riskier and you can easily learn with it.
Trading is not the investment I'm doing but answering based on the assets I'm investing, Bitcoin is the best to consider because there is a certain two ways about it, which is the certainty of rising after fall but I cannot say the same on memecoin because some of there motives might not be what you are expecting, you could be planning on trading it for sometime while they might be planning to do something that will not interest you, so if you must trade do it for assets that's worth it and not for something that doesn't have any worth. But don't forget that Bitcoin trading is also highly risky so you have to be physically and mentally ready for anything you will see.
In terms of trading, if you have a large capital, of course the level of profit itself can also be greater if you are in a condition that is indeed quite profitable because profitable moments are not always there in trading. And if I refer to your question, of course there are two answers that I have to say in this case, namely about liking one of the coins and also about the potential profit from one of the coins. This means that you can like Bitcoin but that doesn't mean you have to use it for trading, while for memecoin which on average has a low price, you can use it in short-term trading because if you dare to put large capital on memecoin, you can also get quite a lot of profit if the memecoin does not experience a large-scale dump.
Okay here's some on point comparison.
1. Bitcoin = Top #1 coin in the market, most trusted by the community, big cap but higher potential.
2. Memecoins = Low cap, easily gives out that x100 or x1000, easy pump and dump, very high risks, tons of scams or lets say 99% of them are.
When it comes to risks then both is risky yet in every investment on which its always been tied up with risks but by just that using up your own common sense then you can be able to spot out the risks levels in between. It do just that turned out that people do get bored on making up some investment with Bitcoin because it wont be giving out that huge amount of profits at the moment that they will be that trying out to invest with it and thats definitely be the main reason on why people do consider out with meme coins.
There's no doubt that memecoins could be able to give out such that huge amount of profit but hitting up the right meme coin will be that very less or on low chance, but surprisingly there are tons of people
or investors who do wanted to burn out their money just because they've been believing that they could be able to hit up some good one in the future. Its not bad to have such approach but
make it sure that you should be that investing into the amount that you can afford to lose. Never go past beyond limits if you dont like any potential problems ahead.
If all traders prefer to trade on meme coins, nobody will be trading Bitcoin, and if all traders desire to trade Bitcoin, nobody will be trading meme coins, but that is not the case, as you can see, so this shows that preference is equally shared between Bitcoin and memecoins and the choice is now for the trader to find the one with which he is most comfortable and which he understands the most to trade. There are traders who do not mind what they are trading; their expertise has put them in a position where they are able to spot opportunities in any market they are in. Until you get to that level, trading one and getting used to it may be the best choice.