Quote from: GigaBit on Today at 04:32:27 AM

Quote from: SeriouslyGiveaway on August 27, 2023, 04:13:33 AM

Many people in the crypto market are still uncertain about which type of asset to hold onto for the upcoming growth cycle of the crypto market: Bitcoin or Altcoins. Additionally, they're wondering when to catch the bottom or exit at the peak. As we know from previous cycles, Bitcoin tends to rise first, attracting the influx of funds, followed by new funds flowing into Altcoins. However, holding onto Bitcoin might not yield substantial profits, and determining the right time to switch from Bitcoin to Altcoin for maximizing gains during the growth season remains a challenge.

Your idea is good but such a decision may hurt you until the bitcoin bull session starts. If you buy 1 BTC now for $26k and think the bull run is about to start, if you borrow and then invest in altcoins, if for some reason the market goes down again or stays in the same position for a long time, you will have to pay a lot of money as interest. So I think holding to Bitcoin for the long term with whatever money you have, can give you the opportunity to make huge money with less risk over a period of time. If you want to invest in altcoins with a small amount of money possible from your own funds, it can be risky. Since there is a huge investment potential in Bitcoin, it would not seem logical to choose any other platform other than Bitcoin.

I appreciate your cautious attitude, but let me start by telling you the truth. You're mistaking Bitcoin for some sort of old stock when its not. Bitcoin is the wave of the future, and sometimes you have to be brave to ride it. So you're saying to play it safe and hold onto Bitcoin, huh? Saying we should have continued using horse-drawn carriages when the vehicle was invented is absurd.

The forces of supply and demand govern the market. The finite supply of bitcoin? Right there, you have a recipe for value appreciation! Indeed, there are risks associated with altcoins, but this is true of every asset. Diversification is essential to risk management, keep in mind. Even if its a golden Bitcoin basket, you shouldnt put all your eggs in one basket. Lets be creative, flexible, and willing to take calculated chances. That is how development occurs.