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?
I think Bitcoin is still the best investment asset to hold in the long run. Because the longer we hold Bitcoin we have of course the more profits we will get. You do not have to worry about the development of Bitcoin because I still believe that Bitcoin will continue to grow at a high price. Yes, not only is Bitcoin good kept on hold in the long run but many other Altcoins are profitable if held in the long run.