I have been in the market for awhile, and always hear the same mantra about trading to hold more Bitcoin and not Fiat. I bought into the same mentality for a long time, but I'm changing my tune. In almost every industry, first generation leaders are replaced by competition. From Sears, Kmart, Nokia, Motorola, Yahoo, MySpace, etc. Although Bitcoin is the current crypto reserve currency, I think that its dominance is threatened by ALT coins with faster, cheaper transactions and greater scalability. What do you think? Is it smart to hold Bitcoin as a long-term investment, or are there better choices among the ALT coins like Ethereum or Litecoin?
Bitcoin is best for long term investment because Btc is less risky then other altcoins and the prices of Btc are also high, "Invest more earn more".
Bitcoin is the best long term holds if the people hold it for long time and it is not a long term if people do not hold for long time and hold the coin for a little time. The short term will give you less profit while the long term will give you huge profit. If Bitcoin used as a long term then the future profit will be huge and investor will get huge returns of his investment. So it is better to hold Bitcoin than the other cryptocurrencies for investments.