I think altcoins should never be compared to Bitcoin. Bitcoin is the best in the cryptocurrency world and is called the king of all currencies, where people invest the most and most people trust this currency. So if you invest in bitcoins you will never face loss and no risk, it will give you maximum security of your money. But whenever you invest in altcoin it is always risky for your money, and it can cause you loss at any time. Most altcoins turn out to be scams, and we have seen many coins in the past become scams where people lost huge amounts of money. According to that I think it is better to avoid these coins all the time but for long term investment Bitcoin is the best currency.
Most altcoins end up scamming those that invested in them, with altcoins the first investors and project teams are at advantage as they can get out of the investment with profits before it falls. Altcoin shoudn't be compared with Bitcoin indeed as Bitcoin wasn't created for making profits as that's how all the altcoins are. They're only been invented as the individual behave the project knows newbies are going to be interested as they're looking for the next big project to do well.
Investing in Bitcoin doesn't mean you won't face losses but the way you Invest will determine if you'll face losses or not. If you invest and hold your Bitcoin, you won't face losses but when you invest and always looking for how to sell and buy more Bitcoin later, you might face losses when you're not successful at doing that as you sell and the market rises. Many investors lose because of trading when they don't know how to trade or understand the market.
Early investors leverage many for profit, typically at the expense of latecomers. Compared to Bitcoin's origins and ethos, this phenomenon shows a fundamental difference in purpose and stability. Bitcoin is a technological and philosophical movement, not merely a financial asset.
However, your Bitcoin investing claim needs nuance. Even if "hodling" Bitcoin seems like a surefire technique against losses, market volatility can occur. Even long-term holders have seen value swings. Understanding Bitcoin's long-term potential against short-term market fluctuations is crucial. Altcoin newbies often ignore the hazards for immediate profits.
This is the false problem: people think that all altcoins are scams by nature, while Bitcoin is always safe. Both claims are oversimplified. Bitcoin and altcoin investments have different risk-reward profiles and require market and risk tolerance knowledge. The fundamental problem in bitcoin investing is understanding the intricate interaction of market dynamics, technology breakthroughs, and human psychology.
