Recently I have heard from some newbies that they are more interested in investing in altcoin than Bitcoin. They think that investing in altcoins will make them more profitable. So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?
It is because of the get rich quick syndrome that is making those newbies go for altcoin because it is very cheap and they believe that if they buy a good size of altcoin, they can make good profit from it since they think that the price will go high like bitcoin did in the beginning.
I will not blame them because they are newbie and don't understand the market if not they will not choose to settle down for altcoins which will not last long in the market and is a pump and dump project. How will you know the altcoin that will survive the market or the one that is a little shitty. Bitcoin is called an investment because it increases in value overtime and will last long in the market.