Many people think that Bitcoin is not as profitable as altcoins, but altcoins depend on the status of Bitcoin, which is why I believe that Bitcoin can be used as a legal currency, while altcoins can only be risky investments.
Why the topic of legal currency is rising here mate? I mean who wants Bitcoins to be legalised? Nevertheless I can agree that Bitcoins movement are the main reason for which the altcoins move. I mean when Bitcoins crashes, whole market crashes and vice versa. Regarding crap altcoins, I completely agree that Bitcoins stand before them without any hesitation. According to me Bitcoins are safe investments. So if you dont wanna take risk, then Bitcoins will be the best option.
Bitcoin is the only option, and many people are saying, you must hold it for the long term. But this time last year, the price of bitcoin was $64,000, now? It is really a tormenting process. Especially for those families whose lives are not very well-off, they join the encrypted world and invest in digital currency for the purpose of improving the quality of life, but the quality of life is often getting lower and lower.