Post
Topic
Board Bitcoin Discussion
Re: Bitcoin or altcoin?
by
Crypto Library
on 21/12/2022, 20:00:39 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?
Altcoin is for short time pump and not a good considerable choice of investment for the long term, but Bitcoin in whatever quantity is suitable for long-term holding.

Bitcoin is the best option during crisissuch as this period were the price of coins is low due to one market impact or the other.

You are right that Investing in most alt coins is more applicable for short-term, because if we see some incidents recently, then I think investing in any alt-coin is not very secure for your fund whether it is short-term or long-term.
On the others hand I think BITCOIN is always suitable for in any terms whether it can be long-term and short-term Although holding it is the best option, but for the short-term dips can be invested and sold at short-term highs it can be also a secure solution for the short-term trader. So i will say avoid investing in any kind of alt-coin at this current situation cause market conditions and FTT crash and Luna crash reminds us that there is no guarantee that another big coin will not crash after this.