to be honest, I've been using a method like this for a long time. selling not so popular altcoins, then buying ethereum. this method always works, and makes me make a sizable profit on ethereum. However, right now it's quite difficult for me to collect large amounts of ethereum because the price is already quite high. I used this method when the price of ethereum was still below $ 700. it's just that, I still do this method to collect ethereum little by little. however, I have also done this method on other popular altcoins.
I also think the price of eth is very high now. For a good profit you should have bought eth a few years ago when it cost less than 1k. Same situation with bitcoin. I don't think there's much profit to be made here anymore. Probably altcoins can give you such a chance, but the risks are also very big.
Speaking the past will be on the same conclusion, why not buy that time. And if you think about the risk of all decisions must have risks including in bitcoin too, but yes we believe it in the alt greater risk, so it is important for us to use money that is reserve that when we lose it does not undermine your financial.
Speaking of possibilities, in the past we also did not have the thought that ETH had an increase in prices many times right?
ETH is great but using it is so expensive that it’s definitely a deterrent to the growth of their infrastructure. That’s why it’s surprising to me that coins like MATIC haven’t held up better. The idea of using ETH for things like metaverse transactions will never happen. Still though, I think ETH and staking will make it a popular coin for investment funds.
Insfrastructure in all ETH project ecosystems is indeed expensive, making me also very sorry to use it because it has a gas fee that is enough to suck my wallet, especially as an active user in the network.
Matic may be a solution but not as famous as Eth in the fundamental and reputation point of it, so that many people buy ETH for alternative coin investment options other than BTC.
Staking may be one of the advantages.
ETH has an easy 15 x or more from here to the high of the next parabolic bull run. Bitcoin is King, no other coin will ever be as trusted, reliable & valuable as bitcoin but as time passes we are seeing diminishing returns, lower ROI. Because ETH is still so cheap it is more attractive to some newbies, for this reason we will see higher returns than bitcoin for a while. ETH is a great medium term hold.
For medium term options it might be better, but if you have long -term courage, I don't think it's bad, considering that ETH is considered a blue chip in the world of cryptocurrency, I myself do not doubt bitcoin as a king, but alternatives sometimes need to increase probability of roi at bullrun time .