Post
Topic
Board Speculation
Re: Hold coin
by
Kemarit
on 17/09/2023, 20:21:56 UTC
what would you do if you got money?  
which coin do you prefer to hold for long-term or short term and what do you expect from your portfolio?
First of all it would be preferable to invest in a cryptocurrency that you can trust. My preference would be for Btc and Eth. My portfolio is mainly Ethereum. Ethereum was the first asset after Bitcoin in 2015 and is still active and in second place today. With the Ethereum 2.0 update, which has been in development for a long time, i think that the ease of use will be improved and the value of Ethereum will approach Bitcoin. It is also important to note that Ethereum is backed by big companies.
Bitcoin is the one and only cryptocurrency that has the best security and is totally decentralized with no central authorities behind, no team, no projects, and is operating totally independently without anyone having to make any changes to it or do anything, and you are comparing Bitcoin with Ethereum which is an alternative coin which isn't totally decentralized since there is a team, a creator, and developers that can always make any change they want in it.

So, I don't really see Ethereum going near Bitcoin or being able to cross its price, Ethereum will need a lot more than it is right now to be able to do that. Also, maybe you don't know, Ethereum 2.0 or the merge was done in September last year, and it isn't to be launched in the future.

Yes, Ethereum 2.0 is very different right now, it's so centralized that whales can control it, and it didn't even solved the issues of fees which is the complained of many users.
As compare to Bitcoin which is the prime mover, and despite some issues and challenge that it has face and still facing, it remain as the top crypto and just a couple of months, we will see the block halving, making it more scarce and the demand is going to be high.
So with that, there's no question in our mind that it is better to hold BTC. Nothing is wrong with other altcoins, you can buy them.
But at least 60% of your portfolio should include Bitcoin.