Many forum members are responding to this thread sharing that as Bitcoin is already so large in market capitalisation, they are more likely to get a 100x or higher return by "investing" into altcoins, which is why they are "holding" it in their portfolio. I have a few challenges to this argument.
The first is that, you are not actually "investing". You are simply speculating that the price of an altcoin in its fiat value will increase so you can sell it. This is not investing, this is gambling, trading, or speculating. The second is, you are not actually "holding" it when you say you are. You are intending to sell it for profit, not hold onto it indefinitely. My topic of discussion here is that Bitcoin is the only coin you should legitimately hold indefinitely. There is no intention to sell it at any fiat price conversion.
I don't understand the point of buying an asset for holding it indefinitely. Why you would need that? And who would need that? People need money to buy goods and services, they don't need assets they will never touch, neither use during their lifetime. If they need something they won't touch, it would be more relevant to invest in paintings or housing for example. At least they could use it for something. In addition Bitcoin is less safe than physical assets, because it can be hacked, or you can lose it, if you lose your seed. The first is that, you are not actually "investing". You are simply speculating that the price of an altcoin in its fiat value will increase so you can sell it. This is not investing, this is gambling, trading, or speculating. The second is, you are not actually "holding" it when you say you are. You are intending to sell it for profit, not hold onto it indefinitely. My topic of discussion here is that Bitcoin is the only coin you should legitimately hold indefinitely. There is no intention to sell it at any fiat price conversion.
