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 point you can think of long term investment in bitcoin, you can see that the bitcoin price in the past few days is fluctuating constantly decreasing, but according to my analysis this will be batch Last correction to be able to end the bear market and bitcoin prices will increase in the long term. So now you can prepare for a long-term investment.