Quote from: laredo7mm on December 14, 2021, 08:26:43 PM

Quote from: ashleyknight on July 12, 2021, 06:48:21 AM

I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

If you don't have extra funds and you need to cash out some money then holding bitcoin is not for you. To get a reasonable profit you may need to wait for longer than you think. But some other project which is trending on the market now could bring you better luck than bitcoin in a short time.

Data shows from 2013 till now the value of eth increased more than the value of bitcoin in terms of percent. That means altcoin could give you a higher return but there is risk involved and you have to pick the right project at the right time. Last year Solana did 60000% for their investors. That way more than BTC made after every bull cycle.

Interesting! Thank you for sharing it. I would research more about it.