I felt like seeing a movie and opened my streaming app (Netflix) to make a selection of a movie to see and I became confused which to select because of the many choices that I saw. I immediately had this thought that it is the same way people who have the interest of investing in cryptocurrency become confused the one to invest in when they find out that there is bitcoin and many other altcoins. Many people become confused and make mistakes because of the many options they have in cryptocurrency, they fail to invest in bitcoins because they think that there are many other very good options. Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?
If you are a newbie investor, maybe that would be your way of thinking since you are not yet familiar with crypto market and has no real experience in crypto investing. But for veterans in crypto, regardless of how many altcoins that seem too good to be true, they will always chase for bitcoin and focus on it as their biggest investment. Because you know exactly how potential bitcoin is and how profitable it will be in the future, so you will never be tempted to invest in other crypto coins. Although diversification is good and advisable, but sticking to bitcoin is never bad if you really aim for a huge and maximum returns.