Post
Topic
Board Bitcoin Discussion
Re: Bitcoin or altcoin?
by
qwertyup23
on 20/12/2022, 16:48:41 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?

I think I would prefer to invest it to BTC due to its value and volatility in the long-term strategy.

The problem with most altcoins is that its price is somehow slower to progress and develop, unlike in BTC where at least everyday, a news comes up and effects significant change. Like what most people have experienced, a single news that affects BTC could either make or break your investment overnight. So it really depends on the person on the risks that they have the shoulder.

Personally, I am willing to take that risk given that I have been reading/learning about BTC for the last five (5) years. If there is one thing that I have learned, it is always to trust the process!