Post
Topic
Board Bitcoin Discussion
Re: Bitcoin or altcoin?
by
uchegod-21
on 14/12/2022, 22:05:36 UTC
Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1)  if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

It is always best to diversify.  Putting your egg in one basket isn't and advice of a financial expert.  So why limit ourselves to 1 option when an opportunity presents us with many others?  We should take advantage of the opportunity because it sometimes knocks only once.  Bitcoin is valuable but diversifying is as valuable.  This may save us when things goes unfavorable with Bitcoin.  We should always have a backup that is what everyone advises us.

Your idea if diversification does not hold water in this very context. According to you, you said that is it good to diversify incase something happens to bitcoin you will not regret. Can you give me an example of what will happen to bitcoin that will not affect alcoins?
Unless you are saying investments outside cryptocurrency in order to diversify. But if it is inside the cryptocurrency, if bitcoin bleeds, every other cryptocurrency will bleed more. Unless you want to involve in all these pump and dump schemes.