What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?
It’s true that so far no coin was able to do whatever bitcoin has done in our world.
Bitcoin is the pinnacle of crypto and for a long time it will be. However I believe that it still depends on the person whether they want to invest in bitcoin only or want to invest in other coins as well. Yes bitcoin is the best but some people are looking for other features that bitcoin really does not have. Some would also argue that bitcoin is too expensive now.
I think as long as one is making the right choice then they can do anything or invest in anywhere they want.
Yes it’s personal preference that matters at the end of the day. What you think to be appropriate may be what I strongly detest. Some people prefer to make money from altcoins and even memecoins despite the risks involved. Meanwhile there are people who prefer to take their chances with Bitcoin. Also, Preference is what determines how they’ll manage the risk. Someone may want to invest more in one thing than the other even if it was riskier, but it just sits right in their head.