The crypto market keeps growing daily with different crypto projects making way into the market. Adoption happens to be number target of these project owners, as they understand the power behind it. Bitcoin which happens to be the first crypto project and the most popular has gained vast adoption and the price gap between itself and others is very huge. Certainly, there is no project owner to monitor the affairs of Bitcoin since it operates on it's own protocol.
Recently, I have released that investment in altcoin isn't well talked about compared to that of Bitcoin. I also gathered some survey which i found out that so many Bitcoin ethusiast don't encourage or give room for altcoin investment. They only see Bitcoin as the only crypto worth investing on. Sadly, I think this is a bad ideology concerning altcoins in general.
In the crypto space, diversification of investment should be crucial. It is generally said that: "it's unwise to put all eggs in one basket", which makes diversification very important since both altcoin and Bitcoin gives their respective profits. Those that mean that altcoin don't have profits?.
Reasons why some crypto ethusiast don't support altcoin investment
1. Security - from my survey, most of these ethusiast make reference to the security difference between Bitcoin and altcoin. They believe Bitcoin has more security protocol than altcoin.
2. Price difference - this is also another point that gets crypto ethusiast excited. Due to the price difference of Bitcoin and other altcoin, the attraction would be definitely different.
3. Overzealous - I have also come to noticed that most crypto ethusiast are ignorant and overzealous. They just can't accept altcoin due to their overzealous attitude towards Bitcoin only.
I have this feeling that most people who see Bitcoin as the only crypto worth investing are been too overzealous. Sadly, there is no other perfect word to describing them. They see everything positive with Bitcoin, but negative with altcoin.
Why we should diversify our crypto investment
1. Multiple profits:
Through diversification, we can certainly make profits from multiple altcoin projects with time. Our investment should have a say in the amount of profit we get.
2. Avoidance of unplanned circumstances:
It's already clear to everyone that our keys to wallets are very vital. Certainly, people still lose their keys in this 21st century. With diversification, we can easily fall back to other projects when we misplace our keys to a particular wallet.
In conclusion
I strongly support the notion that altcoin investment should be as important as Bitcoin. No one should be less prioritize over the other. Though, it's unrealistic to convince people to invest in any crypto project. It is also important to know that not all altcoin projects are geniune and guarantee profits. This is why proper research is always encouraged.
Note: this post is not meant to support any crypto project or tell people where to Invest their money. I am just trying to be a strong advocate for altcoin investment.
Whatever decision you make is clearly at your own risk.
Please read through with caution and drop your reply without false assumption.