Post
Topic
Board Altcoin Discussion
Re: Why are people interested in investing in altcoins rather than Bitcoin?
by
Mpamaegbu
on 13/08/2024, 06:43:24 UTC
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.
It's a simple logic (imagination) though a grave one, anyway. I also thought that way too as a noob. It's just that noob investors want to get more quantity for the little they're willing to invest and then dream that any spike in price will skyrocket their investment and give them eye popping ROI. It's does happen that way sometimes where credible alts with use cases are involved. Truth be told, Bitcoin won't give anyone a life changing profit now like alts would do if a right alt in invested in. Bitcoin gave crazy ROI but that was in its early stage, not anymore. This is the way newbies see investment in alts versus Bitcoin.

Quote
So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?
Question also answered in my above comment.