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.
Talking about the investment every person has their plan and wants to execute it. For some Bitcoin is everything and for some other cryptocurrency is good. 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. 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.
So I just clear that for some Bitcoin is all about and for some others altcoins matter.
We prefer Bitcoin for long term investment because Bitcoin is one of the most reliable currencies and we are sure that our money will be safe if we invest in Bitcoin. Investment is the second step and financial security is the first step. If our capital is not secured then where will the profit be accumulated and where will the profit come from. A true investor will prioritize his money first and invest his money where it is safe.
We have no doubt that Bitcoin is a very safe digital currency, so Bitcoin is the first choice of every investor if he wants to hold his investment for a long time. Investing is now possible starting small and building up your net worth over a long period of time.
Investors now prefer to invest in DCA method, as a result of which those who have enough money to invest are investing, it can be seen that if an investor invests in a 5 to 6 year plan, his total investment amount is much higher. You also mentioned that there are many investors who want to get rich quick, in this case I would clearly say to them that they can never plan their investments for a long time. Within a few days after investing, when they find that their profit is not as expected or showing some temporary loss instead of profit, then they will get upset with the investment and they will sell their investment at that time.
Investors with this type of mentality find it very difficult to hold onto their investments. First you have to perfect your mind for investment then long term plan to hold your investment.
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.
It is definitely a good point that there are some other coins in the market for trading which are fairly reliable and perfect for short term trading. Among all the ALT coins in the market, if you can trade with the important coins, then if you trade correctly, you can earn a good amount of money every day. There are many reasons behind why I advocate ALT Coin for trading. Some ALT coins have a relatively low price and the market volatility of all those coins is high, in addition to the high volatility in the market, the trading volume of those coins is relatively high, so the faster the price of the coin goes down, the faster the price of that coin rises again. This shows that a trader can make some profit if he takes up trading for a short period of time.