Personally, I believe that most of your portfolio should contain bitcoin but choosing a few good altcoins can't be all too bad. There could still profit in altcoins but we may just have to tread lightly. Would you consider yourself a bitcoin maximalist?
I never considered to become a bitcoin maxinalist. While it's true that it's the most safest asset to invest into crypto,
I'm aiming for more profit potential so I hold larger percentage of altcoins than bitcoin in my portfolio.Do you believe this idea to be the correct one? Is there even a correct ideology or should we just accept that we all have different strategies, preferences and goals while coexisting in the crypto industry?
There is no right or wrong ideology in investing. Each one of us have different risk appetite. Some investors are aggresive and willing to dive into high-risk, high reward cryptocurrencies while there are others who prefers safe investments and only want to invest into crypto that is proven to be trusted over the years.
If you are a bitcoin maximalist, would you want a world without altcoins?
Altcoins is still needed for innovation of the blockchain technology. They are being created for different purposes like gaming, ai, rwa, and many more utilities.
I bolded the key sentence.
I do the opposite.