Post
Topic
Board Altcoin Discussion
Re: Altcoins rule!!!
by
richjohn
on 10/10/2018, 09:14:49 UTC
Despite the fact that there are so many coins with higher prices, such as bitcoin being the highest of all. Yes altcoins at this time are more profitable. A friend hinted me on this few months ago and i decided to yield to the advise.
Whenever i open my portfolio, i discovered that most of the altcoins i hold are yielding better profit that most of the main coins in my portfolio.
As a matter of fact, i have decided to continue investing into good altcoins.
This has a lot to do with the marketcap. Bitcoin being the dominating cryptocurrency in the market with 50% ++ share, the volatility of Bitcoin has reduced over time. Also, the price is at $6k which is a reason of the reduced volatility. Whereas there is a variety of altcoins in themarket with variable marketcap. They are comparatively more volatile and hence, can give more returns. If you are good with charts, altcoins can definitely yield more profit.