The ONLY reason you should buy ALTCOINs
Why we buy alt coins:
As variety is one of the main human needs and after simply owning Bitcoin for a while you've probably looked at a few alt coins and maybe even bough some. After all, why only be excited about one cryptocurrency graph when you can be excited about 5 or maybe even 20 similarly if not more thrilling graphs.
We've all heard the stories of someone buying a coin for .50 cents and after a month of holding it it's valuation going up to 5 dollars multiplying the person's investment times ten.
What the person usually doesn't talk about is the fact that he owns about 10 if not more other alt coins that are stagnating on their dollar price while bitcoin keeps on growing which actually leads to lost profits even though the alt coin's dollar value has not went down.
This brings me to point of this brief article and that is that:
If you don't think the alt coin you're about to buy will grow faster than Bitcoin, you really should not buy it. After all, you are not buying alt coins with dollars. You are buying alt coins with Bitcoin
In my next article, I will go over what I am doing to enjoy the thrill of owning several alt coins without actually losing money from my Bitcoin investment.
So you are not going to buy alts in 4 days ;) Up & Follow
Well, actually, if you think about it, alt coins are usually cheapest when bitcoin hits its' highs since the bitcoin you own has more value and thus you will be able to buy more alt coins due to its' increased price.
There is a set of alt coins with solid and what seem like highly durable use cases that fall into classes quite different from the use cases of Bitcoin. What is wrong with holding some of these as hedges, so as to avoid putting all your eggs in one basket and at the same time having alternative baskets that seem to have decent long-term futures?
Yes, you are right. There are many alternative coins that have more than solid use cases and I do hold a few coins just for the fact that I believe in them without constantly checking their value.
I am aware that this very post stands on the prediction that Bitcoin is going to go up which is of course a risky assumption and hedging for the possibility that it will not is definitely important and is something I will cover in future.
you should have enough knowledge to hodl or buy a crypto instead of blindly investing on one. https://twitter.com/MeiChen18796008/status/1063583932288024579