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Cryptocurrency discussions / Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« on: Today at 04:12:13 AM »Currently and in the future, I really believe that what you say is true, Bitcoin is the safest investment with the smallest risk of all. So that when there is a correction, of course, we immediately buy and hold until the growing season. I agree that with more types of things we can do, it is certainly very reliable, so don't hesitate to also use potential altcoins as a handle too, because bitcoin and altcoins need each other and can move together.Bitcoin is the safest coin for investment, if we buy when it is bearish we can be sure we will make a profit now and we will get a bigger profit during the bullish season. And diversifying your investment is the right step, because we can increase the opportunity to gain profits on several potential coinsI agree 100%. I also think only investing in bitcoin or investing in one of the altcoins is not a smart strategy at all. You need to keep a holistic view and invest in btc and altcoins that show promise. You cannot be dismissive toward alts. A diverse portfolio is key for maximum gains in the short and long run.
Undoubtedly, diversification is the best way to go because we always hear people say that we shouldn't put all our eggs in one basket, and if we ignore that saying, it means we are being deliberately ignorant which isn't a good thing, I believe.
So even though we know that Bitcoin is the best cryptocurrency in the market and that it is the most trusted one when it comes to making investments, that doesn't mean we don't have any worthy altcoins in the market to add to our portfolios.
We should do enough research and find out the best altcoins in the market and then make investments in them alongside Bitcoin to have higher potentials for profit when the market starts going up.