never trust altcoins for the long term. focus on Bitcoins. it might be different if what you mean is altcoin trading. especially for those who are looking for short profits from meme coin trading. Market volatility also helps traders to earn profits.
but if you intend to invest, it will not be affected by the assets they hold. unless the investor is new and cannot be consistent with the investment plan he made himself.
This is a good suggestion because we have already seen how the altcoin market moves when bitcoin goes through a correction.
If they can only focus on collecting bitcoins, they will have no trouble analyzing when to enter the market.
And if they're also investing in altcoins, they need to build a list of altcoins to buy, which costs a lot of money.
It's better to use the money to buy those altcoins just to buy bitcoins because the potential for bitcoins to increase is very high in the future.
Yea I am also agreeing in this point that it's not a good decision to invest in alt-coin for long term investment. I think alt coins are only applicable for short time trading, that also for a few alt coins. Because in past days we have already seen how big alt coins have scammed people. For long term trading it is always better option to go for bitcoin.
Diversification: Spread your investments across different cryptocurrencies and assets to minimize the impact of market volatility on your portfolio.
I don't recommend to spreading investment on different Crypto currencies . And since your suggestion is about long term investment and to do that you have to go for alt-coin investment, which is always risky.
It is better to invest for long term with good DCA strategy in Bitcoin than spread investment in alt coins. And short time investment in alt coins is better.