Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: mamun777 on October 07, 2018, 09:12:08 AM
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The demand for bitcoin is increasing. Bitcoin has become the foremost way of investment not only for the business owners but also for the job seekers. As per the recent study, almost 30% of Millennials would prefer having a thousand dollars worth of Bitcoin than stocks or bonds.
For the First-Time Investors, it would be a little bit better if they start off with the downside. Bitcoin is much less risky than other cryptocurrencies. Moreover, a lot of first-time investors who begin with cryptocurrencies have a very limited perception of risk. Few months back there really hasn't been that many big draw downs in Bitcoin that haven't been immediately reversed and we don't know maybe that same thing is gonna happen here as well so a lot of them have profits that outweigh their initial investments in a ratio of ten to one meaning that even if the market saw a decline of 80 percent they still would have performed or outperformed by investing in Bitcoins.
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Of course, bitcoin is the perfect choice for investors who want to invest in crypto currency. Because bitcoin is the safest investment choice. The bitcoin community is very large and the market volume is so large. So bitcoin can be the first choice before investing in other coins.
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For the first time investor's Bitcoin is the best choice because it is the most popular and a highly demand coin and you can assure that you can earn with it if you hold it for a long term.
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Bitcoin is risky so it is always advisable to read, learn and understand what it is about before a newbie starts buying or trading bitcoins. It is very unpredictable and you can lose a large amount of money if you are not careful and patient enough. There are also a lot of hackers and scammers around so if you are impatient, then perhaps bitcoin may not be a good choice as an investment.
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If that is indeed the best choice according to potential investors, why not? So indeed most new users and new investors are more familiar with Bitcoin than other coins in the Crypto World. So there will be irregularities if new users don't know about Bitcoin.
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@Iconic, I fully agree with your opinion. A little extra, the reason bitcoin is the first investment is the best because the value of bitcoin is higher than other coins. In addition, bitcoin has an influence on the value of altcoins. Like if the price of bitcoin rises, the altcoin price will follow. And it can be said that altcoin prices are still dependent on public trust in bitcoin.