Post
Topic
Board Economics
Re: Why you should use spare money to invest
by
lab10collective
on 28/06/2023, 11:58:48 UTC

I know maybe there are still a few Altcoins that someone can buy for just a short-term profit, but I know Bitcoin is still the only cryptocurrency that one can safely invest in and have better risk management. You know how volatile altcoins can be pump today, Dump the next day and for someone who is not even familiar with crypto, it can be a great problem because when you are still relying on a token to trend high, you don't know if the token might not even be valued again. If you are thinking of investing in crypto, then Bitcoin should be the first coin you add to your portfolio. We can consider Ethereum 😬, but mahn... you don't know the future of these altcoins since they're centralized.

Bitcoin is probably the only crypto currency that is leading all crypto currencies. The coin that is most trusted and has the most potential of all coins is Bitcoin. Bitcoin should be kept in your portfolio for long-term investment, but to get more profit one should also choose good and top different coins in the market.

Investments in Bitcoin are considered safe and all other altcoins are considered riskier than Bitcoin. When it comes to profits, altcoins can earn more profits than Bitcoin. There are many good and top altcoins in the market right now that are capable of giving you a good profit in the future.

 For this you need to work hard and long term investment can be made in good projects after complete information and research. So I think the best low-cost coins in the market along with Bitcoin should be kept in your portfolio