Post
Topic
Board Altcoin Discussion
Re: better invest and hold Bitcoin or Altcoin?
by
Wyne
on 24/02/2018, 12:06:00 UTC
I am very confused with the current market, because when the price of Bitcoin down most Altcoin prices go down too, but when the price of Bitcoin increases only a few Altcoin that increases the price, but some are actually declining because the price of Bitcoin increases, so what affects the price Altcoin? and better invest in Bitcoin or Altcoin? please make your opinion and the reason.
Instead of being confused, I suggest you to just divide your investment in bitcoin and altcoin.   It is normal in cryptoworld when bitcoin value decreases, some altcoin also decreases its value.  This is because all other atcoin is based on bitcoin.  It is just a domino effect.  The good thing about dividing your crypto is when you lose the latter, you still have a backup so you will not became empty handed.  More variety of coins possession, more chances of earning and less chance of suffer losses.