Quote from: fuguebtc on Today at 03:42:56 AM

Quote from: imamusma on July 16, 2023, 08:41:27 PM

Quote from: fuguebtc on July 16, 2023, 09:42:23 AM

I agree with you, there will be a lot of bitcoin maximalists here who don't like that fact, but there's no denying that ethereum's profits will be bigger than bitcoin's these days. Bitcoin is getting bigger and safer, but that will also prevent bitcoin from generating huge profits as before. And it can be said that Ethereum is a perfect choice for those who want bigger profits while still being safer than other altcoins. I believe everyone realizes that, and many people are also quietly investing mostly in ETH instead of bitcoin, but many people don't want to say it.

There is a lot of belief about that possibility among investors that they will also consider Ethereum as one of their long-term investment assets. Bitcoin requires a lot of money to provide very high returns for its holders due to its high price, but Ethreum is still relatively cheap and has the potential to provide higher returns than bitcoin.

But on the investment side, you shouldn't just fixate on the potential returns you will get, but you also need to understand the level of security you have on your investment assets. Bitcoin is safe as a decentralized asset, it supports your financial privacy, while Ethreum does not will reach the same level as bitcoin.

You are right, we should not be so focused on profits that we forget about our own safety. But once we choose to invest in crypto, it means that we took the risk because it is the riskiest of all markets. If you want to be safe, gold and real estate or stocks are better options than bitcoin, but why don't more people choose them? Is it because their profits are so low?

I also hold the majority of bitcoin, but we shouldn't just focus on bitcoin and ignore the opportunity with other altcoins. Because opportunities will never last forever, take advantage of them as much as you can. We need to define, what is our purpose? Profit or prove yourself right, I'm here for profit, not arguing to prove what I say is right. So I don't want to hear everyone's opinion that only invest in bitcoin and should ignore altcoins, I will invest with my own vision.

It's true when we make a wrong decision then what will happen we will lose,
trading or investing in crypto is so complicated and risky so it takes a lot of things to be prepared,
it's a shame to only focus on Bitcoin because we can also get a profit from other coins and it must be utilized.

CapGelatik

Posts

Merits