Those who invested in ETH in 2015 when ETH was under $1, or those who invested in XRP at under $0.005, or those who bought BNB or Sol at under $0.1...Although their profits are not as large as those of early bitcoin investors, they can still make millions, even billions of dollars. And in previous bull cycles, most have delivered enviable returns. So is it correct to say that altcoins are not worth investing in long term?
The difference in long-term investment returns between these listed coins and Bitcoin when it was trading at $10,000 is very marginal, I can't compare any of this coin to when bitcoin was even trading below $1k.
It is true many got millions from the listed coins and some who made those returns lost them in other fake and shitty projects where they hoped to make more returns thinking all projects were meant to make good yields on long term investment plan.
We are in the financial market and we should seize the opportunity if there is one, we should not be stubborn and conservative to miss out on great opportunities.
Yeah opportunities shouldn't be neglected but at the same time extreme caution and precaution is needed when investing in altcoins. Not everything that seems nice from the start has the potential to withstand the market waves and volatility.