Quote from: Assface16678 on May 15, 2024, 11:05:52 PM

Quote from: MissNonFall9 on May 13, 2024, 06:33:54 PM

Quote from: blckhawk on May 11, 2024, 05:40:09 AM

You just don't get it OP, the reason for why other hodl other cryptocurrency besides bitcoin is from the fact that there are some altcoins out there that can make you a hefty sum if you just sold it or you've bought when they were cheap and some people in the community have an ingrained thing about them that they can't afford to miss out on things especially for those that have seen bitcoin grow more than $0.1, they just don't want the idea that they miss out on the next bitcoin, that's why it's still popular to invest into altcoin because of the fact that you might be able to buy one that would make you rich and turn your life around.

Bitcoin is like a magic wand in people's lives. It will change the fortunes of people who have invested or are still investing here. There are also many who want to diversify their investments by investing in other cryptocurrencies. But the bottom line is that Bitcoin can pay more dividends than any other cryptocurrency by taking minimal risk. So no one should miss this life-changing opportunity.

Let me rephrase it, the thing is that yes bitcoin could give a good fortune and reward if you've done it correctly and efficiently but the thing is it is not all the time, remember bitcoin or any crypto currency are so volatile that you can't be sure what will be the next movement unless you know how to do technical analysis or you know how to handle the situations and different scenarios, remember there are also losing money in bitcoin with wrong decision so we can't say that bitcoin is all green we should also consider to mention the risk and such, but over all bitcoin is the best currency to invest with, but for me I want to diverify my potential profit so I do other currencies that has the potential to give me profit through analysis, and of course through decision making, You should not decide quickly, you should decide carefully and calculating the risk.

Thanks for the nice wording, but I call Bitcoin a magic wand because it can offer better returns than other cryptocurrencies with minimal risk. Its truth is proved by the profit rate of those who invested in Bitcoin until recently. But it is also very important that investments should be diversified by analyzing the market to identify the best currencies that can be better known from the economy. And since the crypto market is quite volatile and uncertain there is no option to exercise caution.