Post
Topic
Board Bitcoin Discussion
Re: Should we support altcoins ?
by
Hazaki
on 11/04/2018, 08:46:31 UTC

From a "lets make the world a better place perspective" should we support only bitcoin right now or altcoins also?



Supporting bitcoin or other altcoins is technically the same since you are supporting the same technology and ideology , yet we now experience a huge gap of value between bitcoin and other altcoins which make it a bit doubting to whether invest in those or not especially on the short term run .
As for the long term run investing in those coins is a must since bitcoin's supply will eventually end one day because it's capped to 21M coins and other coins doesn't really have a supply cap so that will be a double edged sword for them for 2 reasons :
1- It'll be much harder to scale .
2- It'll be always available (especially when bitcoin won't be anymore )  .  

So it's really up to the investors to make the call to whether they can wait to get profit or not and in my perspective a person must at least choose 3 or 4 out of the 1000+ altcoins to invest money in them in case something happens to bitcoin , then we won't be completely zoned out .