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RE: Better to Buy Bitcoin or Altcoins Right Now?

in #cryptocurrency6 years ago (edited)

IMHO bear market + volatility is a bad combination from an investing standpoint. I think we have not seen the end of the "altcoin correction" by a long shot for the following reasons
1/ While there is an argument for investing in altcoins in a bull market to leverage volatility this does not apply in a bear market.
2/ Technological advances such as Layer2 solutions will invalidate the use cases of many altcoins
3/ Many altcoins are pure "vapour ware", will not deliver their roadmaps and will go to zero. When this happens there will be a flight out of altcoins
4/ There is still a not insignificant threat that future regulation will damage the altcoin space

For these reasons I think BTC and other top ten cryptos are by far the safer bet.

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