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 that at this point it is not possible to determine whether or not to buy the bitcoin, you can see that bitcoin prices in recent days have been flat and there are no specific signs, so To be able to trade successfully at this moment is very difficult. Long term, bitcoin is in a bear market because the risk is very high and you will be able to lose if the market falls into crisis.