I think that it makes sense that people are more interested in these currencies offer bitcoins because they have shown a lot of development over the last year and also if we look at this specific cryptocurrency it has also undergone various changes and developments in terms of releasing a second version which shows that they are continuously improving the network.
Sometimes I'm tempted to believe that people like Bitcoin more because they are popular or was the first crypto that brought other altcoins because looking at the growth rate some crypto currency like Ethereum do better at different times than Bitcoin. it seems people are realizing this now.
The euphoria Bitcoin have created and the impression is really wide,is just like the top football clubs no matter how good or bad their name will always stand and there will always have supporters. This is just a mirror replica with cryptocurrency and that's why people will still bank on Bitcoin.
The price is much lower however i think that if we are looking at the smaller investors i would say that the price of both of these coins are still way too high for people to get involved with especially if you are new to teh cryptocurrency world and therefore i think that coins like LTC are more helpful and attainable here.
I think that it is because bitcoin is a lot of cryptocurrency face value and there is a lot of people that will start to get involved in cryptocurrency through this coin because it is the face of teh crypto market. Therefore it can be very easy in order to try and get involved with these coins as well.
the only problem with smaller coin is that some of them could dissapoint the Investors ,and the developers might not even place that interest in developing the coin again , that is why many even go for top coins even if they are not that fetching more profit like others
I remembered when I invested in a coin named HOT. I traded the coin with bitcoin at the rate of 0.00000002btc per HOT. So when the price moved to 0.00000004btc, I decided to sell it back to bitcoin but for days that I have placed the order, it did not sell so I have to cancel the trade back to bitcoin and I lost 10% of the capital. So investment in small coin is a loss only of the coin is popular like Shiba Inu.
am even always careful when it comes to investing, because most times there are some coins that are getting new hypes and they lure investors to invest in them and later they fall at great price, when ever I want to trade I make sure I check on top coin to know how to trade things
although you might be right about the profit ,but if you invest in Bitcoin you are rest assured that profit with come wether big or small , than investing in some coins that the hype and project development only exist for short while and then the coin start to dump hard
You're right to an extent anyway. Bitcoin is okay for a long term investment but you can believe me when I say that you won't earn a bit from it if you're a day trader focusing on Bitcoin.
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