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?
There are a few factors on that. The basic one is the chances of higher yield on altcoins than on bitcoin. Bitcoin is alredy a very high capped coin and moving it significantly on bull to get a x2 would be difficult. x5 or x10 is unimaginable with bitcoin for coming years. In case of altcoins, x5, x10 or even x100 is not a pipe dream. It is achievable as the market cap is low. A sudden interest would propel the price multiple times. So, the basic reason is the chances of getting a larger profit.
Another is emotional factor at play, whether it be not be missing like the bitcoin rise or the desire to have multiple coins. People who have missed bitcoins early rising phase envy bitcoin for that. They want to jump into something that could beat the bitcoin's success.