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?
The main reason why people invest in altcoin is because they believe it can give them quick profit. I don’t know why most people do have that kind of mindset. Altcoins can give profits, but the risk is just too high because altcoins can fail at any moment. When we invest in bitcoin, we can get similar profits that we can get from altcoins, and when we invest in bitcoin, as long as we can hold, then we will be making profit without panicking that the project will crash at any moment. All that can happen to bitcoin is for the price to drop, and if we can hold, then it’s going to bounce back with time.
So people that think it’s only altcoins that will give them profits are wrong, most of them lack proper knowledge about investment, and they are always looking for quick money, which most of them do end up losing.