Post
Topic
Board Bitcoin Discussion
Re: Reasons why I prefer Bitcoin over any other assets and dips don't panic me....
by
Ultegra134
on 09/12/2021, 17:16:02 UTC

Why not altcoins?


Many people think that since bitcoin is so expensive, they are better off buying and investing in altcoins. It may seem to be a profitable decision in the short term but in long term, they should have an investment in the bitcoin.

For me, 99% of the altcoins are developed by the greedy investors to earn the money.
That's not the case, I wouldn't blame someone for investing in Litecoin or Ethereum, both are reputable and legit coins. It's not about being expensive, you could still buy a fraction of BTC, 0.10 for instance, is a decent amount nowadays.

On the other hand, dips don't scare me, nor cause any kind of panic. I'm holding for quite a long time now, while I'm also staking in the meantime, I'm looking for long-term opportunities.