Post
Topic
Board Altcoin Discussion
Re: better invest and hold Bitcoin or Altcoin?
by
bamboylee
on 24/02/2018, 13:36:06 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.

Do not just look at the price of alts in CMC because most of them are based on bitcoin USD value. So if bitcoin value increase, even when the value of alt in satoshi remains, USD value will still increase. It becomes confusing. It is better if you check individual price of alts.

I think it is still best to invest in bitcoin, but it is never a mistake to put some money on promising tokens or altcoins. It is faster to get profits on alts because the price is still low. But I feel more secure if my money is on bitcoin. So, you balance risk and profit by yourself.