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?
Some investors are more interested in investing in altcoins because of quick profit because of the pump and dump. They have seen this happen on PEPE and other meme coins where you can make a thousand times the profit, something you cannot see on Bitcoin.
But the risks are too high because the problem with pump-and-dump altcoins is that they are manipulated; you can lose all your investment because of rug pull. So people should be aware of the risks and only invest what they can afford to lose. I still prefer investing in Bitcoin because of its stability. We have seen how it always recovers so many times; you just have to be patient.