Post
Topic
Board Speculation (Altcoins)
Re: Do we really need to hold altcoins
by
Xenoph0bia
on 30/06/2018, 19:55:31 UTC
Someone told me it is better to hold btc rather than altcoins that she doesn't see any reason why people hold altcoin. She noticed altcoins rely heavily on btc that whenever btc fall they also fall with btc. What is your take on this?

True that the alts highly rely on Bitcoin and see a gain and fall bitcoin does, but I prefer investing in alts because they  help in earning more percentage of profit than Bitcoin in the same period of time. As bitcoin is already a huge coin and has a big market capital, dip in the coin's value leads to great amount of loss.
Also, other alts have more advanced features than the pioneer like they provide more security in transactions, being completely anonymous, have less blockchain time and also can be used more than just an investment asset. Hence, they are a good investment choice.