In the cryptocurrency market, there are two types of crypto. It's Bitcoin and shitcoin. All crypto are in motion and are dominated by bitcoins. The future of bitcoin is unpredictable, you should not trust any shitcoin, including ETH. I believe Bitcoin is a bubble, but
- "Just because a market is in a bubble does not mean it's going to die." Bitcoin has been through over half a dozen big bubbles and increased in price after each one "
If you are a long-term investor, the best way to minimize risk is to invest in bitcoin. As for shitcoin, you should only invest in short term
- "You can make money trading the momentum and hype in shitcoins, just do not invest long term"
I totally think point 1 is true. Just because the market is red and bleeding of bitcoins, I don't think that would be the end of bitcoins. There is always a way for bitcoins to bounce back, and it always happens in the future. Point 2 should be obvious and a rookie thing to do because as the saying goes, never put all your eggs in one basket. That should be the philosophy of every cryptocurrency investor and owners a like.