No other coin really compares to Bitcoin. Many people often argue that investing in Bitcoin is less profitable, on the other hand, there are some ALT coins that have higher temporary profits. Bitcoin is one of the most reliable digital currency for investment and I think it would be foolish to compare Bitcoin with any other coin. So far, I have not seen as much news about any other crypto currency in the market as I have seen about Bitcoin in various media. Big companies invest in Bitcoin and rely on Bitcoin. If the ALT coins in the market were reliable then big companies or rich people would invest in ALT coins. We are small investors so instead of trusting all these ALT coins we should trust Bitcoin and invest Bitcoin and that will be the right decision for us.
People who argue that investing is less profitable are either traders or people who don't know the potential of Bitcoin and also what long term investment is all about. Just imagine people who invested in Bitcoin 2014, 2015 and has a good fraction of Bitcoin in their portfolio do you know how rich they are now and then compare to people who have been trading it since then and making profit and losing it, it is entirely a different thing. Investing and holding still remains the best way to go about Bitcoin investment. The only reason why companies are investing in Bitcoin is because they have seen what Bitcoin holds in the future. Dude your third to last line seems confusing, does it mean that if small investors are not suppose to trust Altcoin, is it big investors that are suppose to trust Altcoin?
They can't get anything with taking short goal with Bitcoin because the movement will provably not high as they think and losing chances is so high that's why its never advisable to trade it for short period of time.
That's the reason people consider to make everything for long term because if we look at the price history of Bitcoin we could see some good growth of its price so provably that we can earn more better without getting involve to much on stressful market activities. Holding always the best option since if you look at price historical data of Bitcoin those people who decide to accumulate Bitcoin before are provably could cash some good profits now. But also for sure those people who engage on trading's provably get disrupted by many series of long bearish run and I don't think those scenarios are profitable to them.
Looking at the history of Bitcoin, it is very clear that Bitcoin has increased its value significantly over time. Although there have been major price corrections and bearish runs in between, these are normal and will always be there, but the main thing is that Bitcoin always increases in the long term, and this can be clearly seen when looking at the Bitcoin market chart. And those who have been patient and held it for a long time, they have achieved a lot at the current stage, especially those who bought it before 2018 or 2020 and also they are still investing and holding it consistently, they have already been very successful, and the more longer they hold on, the more successful they will be. And in the future, the bigger position Bitcoin going to achieve in the future, When bitcoin go to that stage, Long-term investors will achieve unparalleled success.
That is why long-term investing is much more profitable than short-term trading. Traders constantly struggle with market volatility, and multiple bearish cycles expose them to large losses, but a long-term investor simply buys regularly without much stress, and increases the amount of holdings. Which creates the possibility of large profits for investors over the long term. Because Bitcoin is valuable in the long term, So just
BTCuy and Hold!!!
I agree with what you just said, because bitcoin history has proven to us that bitcoin is more profitable and less risky when you buy and hold for the long run than trading.
Believe me when I say that those who call theirselves traders knows that bitcoin is more profitable and less risky than trading, but the reason why they are into trading is because they lack patience, bitcoin investment requires patience to be able to hold bitcoin for a long period of time without being tempted to sell