Not all cryptocurrencies are worth investing in and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in a digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me, it is either Bitcoin or nothing else.
We know for investment we chose Bitcoin because it provides us with a good return but this wait is needed because Bitcoin does not go up and down rapidly.
We don't invest in Bitcoin just thinking that it will give good returns but we have some other purpose to invest in Bitcoin. Bitcoin is one of the most reliable investment platform where investing money will be much safer than other platforms and Bitcoin is the best in holding the investment for a long period of time. While all other coins in the market have the possibility of disappearing from the market, Bitcoin has no possibility of disappearing from the market. There are many coins that suddenly grow so much that many investors think they should have invested in those coils. Investors may think so in the beginning, but after a few days, they get rid of this misconception and realize that investing in Bitcoin is the best choice for them.
We will trust and invest money in a coin that all other coins in the market depend on.
Talking about the investment every person has their plan and wants to execute it.
Every investor has certain plans before investing which may not be the same as other investors. Each plan has its own investment strategy and investors generally prefer to adopt different investment strategies. As an investor I plan to hold Bitcoin for a long period of time as well as increase the amount invested with time and financial understanding. Other investors may have similar or different plans.
But some people want quick profits and they are searching for a coin that moves quickly and through that, they take their profits, but yeah they did not ignore Bitcoin and have a huge amount of investment in it.
First of all, we need to get rid of the get-rich-quick mentality. An investor can't get rich overnight by working or investing outside of finding a bank robbery treasure or a big lottery win. Instead of worrying about how to get rich quick, we should plan whether we are investing properly and whether we can hold our investment for a long time. It is good for us if we plan to hold the investment for a long time and if we can work according to that plan.
So I just clear that for some Bitcoin is all about and for some others altcoins matter.
It will always be a good decision to keep Bitcoin as a long term investment and invest in Bitcoin. I don't have much confidence in ALT coins so I want to put full trust in Bitcoin. But in the case of trading, it is often seen that various traders recommend using some ALT coins in the market because some ALT coins in the market give good returns in the case of trading.