If you want to diversify your investment when you have already invested in Bîtcoin, buying altcoin is not a good step in diversification because if there is a failure in Bitcoin there will also be a failure in altcoin. You can diversify your investment in something different from cryptocurrency such as real estate investment or selling a variety of merchandise, so that if one market fails, success in others will reduce the impact of failure.
What is the need of diversification when we already have our investment on Bitcoin because most successful investors prefer to have only one source which is Bitcoin because there believe in Bitcoin can never be compared to any other investment so they decided to stick to only Bitcoin which is a very wise decision.
I don't know why this issue of diversification is still coming up here when the thread is about buying Bitcoin to hodl. I think this discussion of diversification has repeated several times and is looking more like distraction. When we continue to compare different investment options in a thread the focus is supposed to be how to buy Bitcoin, many people might derail into making wrong investment decision in a bid to diversify his assets.
The forum is really big, so much that we can open a thread to discuss other investment instruments for the sake of those who might consider complimentary investment as a way of diversifying their Bitcoin portfolio.
Diversification is only discussed because you can't hold any one coin. Some altcoins have much more potential than bitcoin. Right now, only bitcoin and a few altcoins are up. But when the bulls really come back to the market, the other coins will also show good growth.
I disagree with you mate, I haven't seen any altcoin that has potential than bitcoin, when it is a duplicate of bitcoin and they are depends on bitcoin price movement to them to pump and dump. Some altcoins will even dump and will never pump again. Don't underestimate what bitcoin can do in the nearest future, and don't waste your time and resources on those fucking shitcoins that are worthless and can make one run at big loss when you invest in them. If is it not bitcoin, it can never be bitcoin.
This is a high tendency that in the next ten years bitcoin price might increase and become more valuable but not for altcoins because they are not reliable. Newbies should say No to altcoins if they want to have an investment because altcoins are not investment because most of them have short life span.
Can you tell us one altcoin that have much note potential than bitcoin @ fzto ?