Post
Topic
Board Trading Discussion
Re: Altcoins or Bitcoin?
by
Emitdama
on 11/12/2019, 17:07:27 UTC
The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?
it would be nice if you are a Holder, you hold both Bitcoin and Altcoin because that way you will get a double benefit from what you hold if both have gone up. but have to be patient when the price starts to fall or you buy more to hold.
I see it as a simple maths

Bitcoins - Best for price trading and holding because there will never be a time when you wake up and see BTC being reduced to half the price when you went to bed so it's good for hold because the price goes bonkers when it rises but does not go down too much.

Altcoins - Best for high risk traders who don't mind loosing all the investment but are looking for HIGH PROFITS in short period of time.

If you wish to earn more in less amount of time, then go for altcoins while if you are a serious trader who looks solid but small profits BTC if your best bet.