Quote from: Negotiation on Today at 01:34:48 PM

Quote from: Raceonsucced on February 21, 2024, 04:25:08 PM

Quote from: Negotiation on February 20, 2024, 02:27:02 PM

When it comes to investing in bitcoin I prefer to invest for the long term. Long term investment gives good returns while in short term its profit is less. We all know that cryptocurrency Bitcoin is a strong long term investment opportunity but before diving into this world it is wise to exercise caution and be clear with yourself about your intentions and expectations for entering the market. Bitcoin is good at long term thinking but like crypto can go up and down so quickly that many people may be disappointed that they have to wait patiently without any thought.

It should be if you want to take high profits investing long-term in bitcoin will pay off, in contrast to altcoins if we want high profits investing short-term will be profitable in altcoins. And i noticed that if bitcoin goes down the others also go down, and vice versa if altcoins go up it's because bitcoin is going up. Indeed bitcoin is the parent for other coins and there are still many reasons related to this, the important thing is that we understand the flow of all this, i am sure it will definitely be profitable for those who understand it.

You are right they are easy to understand for experienced people and altcoins are good for investment. But bitcoin is everyone's first choice for investment, the value of altcoins increases depending on the price of bitcoin. If you look at the movement of the market you can understand that when the price of bitcoin starts to decrease then the altcoins go down. I think altcoins are better to hold after bitcoin.

I don't really agree if altcoins are stored after bitcoin, because i feel altcoins will have a big impact on financial health if they are stored for too long, waiting for the recovery of altcoins is difficult for the neutral point that we bought at the beginning, A buys coin X 1 dollar and keeps it for a year and sells it 5 years later the price of coin X returns to the purchase point of 1 dollar (when the market is red and green after 5 years). I think it would be detrimental to A because he kept his money for too long and was not profitable even though the price returned to the initial point.