Post
Topic
Board Economics
Re: Bitcoin or altcoins
by
Kasabus
on 02/09/2021, 09:38:03 UTC
Bitcoin is the dominant currency among cryptocurrencies. In the long run, investing in it will be more profitable and will yield higher profits.
The market value of altcoins is still relatively small, generally following the rise and fall of the price of Bitcoin, but the fluctuation range will be greater than that of Bitcoin.
You can choose Bitcoin and relatively safe and reliable altcoin portfolio investment to reduce risks and loss of profits.

Bitcoin has always dominated the market, so of course the risk of investing in Bitcoin is lower than altcoins. So it is safer to invest in Bitcoin than
altcoins, especially if we are planning a long-term investment, Bitcoin is the best choice. Even altcoins price movements usually follow Bitcoin
price movements. Another advantage of Bitcoin is that if the price falls, it recovers faster than altcoins. Especially for beginners, it is better to focus
on investing in Bitcoin, because making a profit from Bitcoin is indeed easier than investing in altcoins. We just need to be patient waiting for
the Bitcoin price to reach the sell target we want.
With regards to all the answers in the forum, bitcoin is seen to has more potentials than altcoins and is less volatile compared to altcoins. So there is no doubt that bitcoin is their top choice because aside from being the most profitable currency, its the most promising investment for now especially if you hodl it for long term.

But if we can have them both then why not. After all, its the profits that will matter the most. Bitcoin and altcoins are dominating the market and its prices are very impressive as they can be both profitable not just today but also in the near future.