Post
Topic
Board Trading Discussion
Re: Why only a Bitcoin trading pair is the best thing?
by
taufik123
on 11/04/2023, 14:57:13 UTC
Do you think there could be anything other than Bitcoin in terms of long-term planning?
General investment advice is diversifying long-term assets into multiple "bluechip" coins/tokens, those with several different use bases with at least managed to maintain a top marketcap position for several consecutive years. Some consider it assets with nearly bitcoin worth of long-term investment.
However, people's opinions differ.
Good advice when using a diversification strategy with some tokens or coins that have good potential for the long term.
Maybe you will talk about ETH, BNB, and some other top altcoins that have good potential for the long term and are able to maintain market capitalization positions.

About the risk of holding altcoins for the long term, it depends on the development of the chosen altcoin, even though choosing the top altcoin is still a high risk.
We should learn from the events of LUNA and FTX, it will be a pretty clear reminder of how terrible crypto is.
It has been at the top for quite a while, and in just a matter of hours it finally became a Scam.

-snip-
I think, Bitcoin team are more active than others cryptocurrencies team because the price don't take time like other cryptocurrencies before it will hit higher in a way traders will experience bullish market.
Team Bitcoin? Maybe you mean the strong community on Bitcoin.
Cryptocurrency also includes Bitcoin and altcoins in it, so all developments are related.

Bitcoin is stronger and more recommended for the long term.
Everything depends on Bitcoin and a bull market will come if Bitcoin starts to rise sideways at a bullish price.
Bitcoin season, Altcoin season is the most awaited.