Post
Topic
Board Speculation (Altcoins)
Re: Is ethereum still a viable alternative to Bitcoin?
by
Silberman
on 05/01/2022, 17:48:12 UTC
so what will you advise for a new investor.
The new investors should never try to take a look at ethereum and bitcoin. Both are very difficult to increase without the help from the big money to come in. I see that even some companies are still buying more and more bitcoin but remember that with billion marketcap and bitcoin needs to do another halving to double its price. Bitcoin and ethereum are good coins are these moments but as a new investor and it's better to stick to the altcoins.
Remember that when bitcoin and ethereum can't give the users passive income like what altcoin did. Ethereum is the best altcoin at this moment but remember that both are not suitable anymore to be used as an investment for newbies with small amounts of money in their pocket. The best altcoin will always be viable to be an alternative investment when people are thinking the price of bitcoin is too big at this moment.
While it is true that someone cannot any longer come to this market with 100 dollars and invest in bitcoin and become a millionaire, as it happened at the early stages of bitcoin, we need to think about what is the alternative for those newbie investors with a low amount of capital? And when I see the market of altcoins in general it is not like we have a bunch of new and exciting projects that have the same potential of bitcoin and ethereum appear every year, the risk you are taking by investing in those coins is too high, and to me that is reason enough to disregard the thought of investing in them and instead invest in BTC and ETH.