If you look at these tables with a little wisdom, you will find that most altcoins are not worth investing and that only Bitcoin is good in the long run.
It is true that there are some competitors, but their number is few, and therefore it is better to distribute investments in this field based on this nature.
The last months are often good, so we hope that the price of 65,000 was not the top.
It is about overview that can help to make plan for investment, long term but those tables are bad if we obsess with it and change our plans because of tables that are parts of many things we have to consider.
Yes, if you consider long term holding then Bitcoin performs better than most of the other altcoins. But, if you check the yearly performance of some altcoins it will surpass the average return of Bitcoin. Though most of these altcoins will not last for long but for short term profits there are many options available in the market.
Just check the performance of Polygon and Dogecoin for this year and you would understand what I was trying to explain.
You did not understand @hugeblack. Altcoins have more impressive performance when they are in altcoin seasons but you forgot two important things about investment or trading.
- Market has winners and losers and it is a zero-sum game. Money will move around from losers to winners who take all.
- In altcoin seasons, not all investors or traders can earn profits with altcoins.
- There are corrections, massacres even in serious altcoin seasons and losers buy at tops, sell at bottoms.
- If they don't understand how the market works, especially altcoin, they will complete their investment or trade with loses.
Dogecoin
How many people got profit from this coin?
How many of them successfully protect their profit from Dogecoin?
