>> so many people prefer investing in shitcoins just because it offers higher growth potential than Bitcoin.
What they fail to understand is that , investing in altcoins carries a lot of risk and you need thorough research before making investments decisions, if you've taken the decision to invest in Altcoins then get ready for potential looses. I'll also advice you never use your all to invest!
Bitcoins advantages makes it a reliable store of value and medium of exchange.
The price of Bitcoin has really swept people off their feet, I mean imagine if maybe ten years ago you had a good amount of Bitcoin and you decide to hodl .
Imagine how you'd be now!
So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.
The people are free to do whatever they want with their own money. If they want to invest in shitcoins, let them invest in shitcoins.
I can't agree about shitcoins offering higher "growth potential". I don't like the term "growth potential" in regards to shitcoins.
A shitcoin is a shitcoin. It doesn't matter if it's price hits 10K USD per coin today, the shitcoin would most likely become worthless tomorrow.
It's like investing in penny stocks and expecting the stock price to increase 100x instead of buying Microsoft or Amazon stocks.
Some investors prefer security and reliability, while other investors are greedy and want bigger risk.