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 believe that at this time you can think of long term investment in bitcoin, bitcoin prices in the past few days are constantly fluctuating and difficult to guess, so in order to successfully trade you need must continue to be patient. According to my analysis, bitcoin prices are gradually coming to the end of the bear market and will probably reach $ 7100 in the coming days. So at this point you should be patient to be able to buy bitcoin at the best price.