All the crypto market is based on bitcoin, whenever bitcoin goes up, the whole market starts going up and when the price of bitcoin goes down, the whole market starts going down.From this you can imagine the importance of Bitcoin in the crypto market. All cryptocurrency have some level of risk, but Bitcoin is the only cryptocurrency that the risk is dawdling. Bitcoin investments is patient, and endurance, just be patient and be a long-term holder. Involved in the risk, have the knowledge of bitcoin investment and understand the bearish and the bull runs.
The market is driven by Bitcoin, which has completely won over people's hearts for a very long time; as a result, bitcoin always thrives, regardless of the state of the market. Of all the coins, bitcoin carries the lowest risk compared to altcoins, so it is always advised against investing in them, but the majority of people are searching for 100X, ignoring the risk that you might lose all of your money at some point. some coins end up not having a buyer or the team are nowhere to be found, people are always looking for early money instead just buying your Bitcoin and holding it. the good thing is that people are wising up.
The role of Bitcoin in the cryptocurrency market is undeniable, it is extremely important and deserves to be the safest coin to date. But investing in altcoins is not as bad as you say, we can't deny that there are also a lot of people who have become rich by investing in altcoins, not just bitcoin that brings wealth. I am not too conservative about investing in altcoins because as long as someone knows what they are doing and is willing to take the risk, they can invest in altcoins.
Before it achieved the resounding success it is today, bitcoin was also questioned, despised, and few believed in its future. Altcoins are similar, not all useless, there are still some worth investing in and caring about.
Altcoin investments? Pffft, no thx! I'd rather throw my money into something truly epic – like my rad stash of retro yo-yos. But for realsies, the crypto world's a massive, ever-shifting maze. Sure, Bitcoin's the big kahuna, but loads of upstart altcoins are elbowing in, looking for a slice of the investment pie.
So, the important question: can they endure the sands of time? Are they still gonna be a thing in a decade? Two decades? Will my future grandkids be awestruck by them? Guess we'll see, but I ain't holding my breath, bro. I'll stick with my yo-yos – those bad boys are timeless.
There's nothing wrong with being loyal to bitcoin, just as there's nothing wrong with generations older than us being loyal to traditional assets. So don't try to criticize them when they don't like bitcoin, everyone has a different point of view and vision in investing.
My portfolio, bitcoin also takes the largest part, but I am here to make a profit, so I won't miss any opportunity.
For me, altcoins are a great short-term investment, and I used to make huge profits from them during the bull season of 2017 and 2021. It can be said that most of the money that I used to buy bitcoin in 2022 is from the profits of altcoins, and I am fine with my investment plan.