I understand your point relating to the risk factor of this altcoins but at a point I had to settle down and make close observation into this altcoins and I feel at some point they are worth investing into but extreme caution needs to be taken.
Just the way strategies are applied in accumulating Bitcoin that is how strategic you need to be when buying this altcoins, quote me
here Not for a long term hold.
Altcoins are most a pump and dump coin, we know after making waves and all that it must surely dump and very difficult to see any altcoins bounce back so why can't I venture into the market at a very short period of time might be weeks and earn that profit when it's pump and before it's dump I sell.
Bitcoin is the ultimate and no other currency stands a chance but considering the fact that just with little investment in altcoins you can make profits from it within a short period of time and still add those profits into my Bitcoin portfolio.
Altcoins are risky? Yes. Bitcoin is risky? No. That is one difference between them considering the risk factor
This is one of the reasons why you should not invest your funds in altcoins because they are pump-and-dump coins that can not deliver what they promise to their investors. Most altcoins are a scam after taking investors' funds they will rug-pull the coin and run away with investors' money. With Bitcoin, you will not experience all these problems, and your investment in Bitcoin will be safe, all you need is to buy Bitcoin with a DCA strategy and Bitcoin always recovers its price.
The word investment doesn't apply literally to altcoins as they are not viable and reliable for long term plan.
Altcoins are liken to gambling, so in my opinion it's better for anyone to use the money he's planning on investing in an altcoin to rather use it for actual gambling in a casino, in that case you are conscious that you are now gambling with your funds so it's a 50-50 chance of loss or profit if your lucky.As the bullrun is getting closer we shouldn't be taken aback seeing some altcoins doing better all in disguise only to carpet flat after many would have innocent invested their money. I bet that many of the altcoins prices won't be rising along with bitcoin when the bullrun eventually kick start, they rather be doing the opposite. I rather be doing my little DCA holding strategy with bitcoin with the little % from my monthly income while waiting for the bullrun, it better to partake in it with the little you can than sitting on the fence.
[/quote]
I don't think gambling is the best option compeard to altcoin investment. We all know that altcoin are alternative to bitcoin and has a lesser attraction compeard to bitcoin but that doesn't mean altcoin should be totally neglected. We always talk about diversification of potfolio. What do you really think about it? Because see it as altcoin is also involved in diversification. Fake altcoin project looming around Crypto market might create a bad inpression on altcoin but there are some altcoin that has an investment value. Let's take for example etherium. It has stand as next of kin to bitcoin and has an investment value. It better off to invest in etherium or BNB than gambling your money because there is no volatility on gambling. But in Crypto currency if you invest and loose there is a tendency for you to regain back your lost when the market is green. But in gambling if it fails, thts just the end. When speculating on altcoins be specific. Like saying I rather gamble with my money Dan investing in fomo.