Hello my all steemit friends.
Today I am gonna discuss about the very much important question raised nowadays in everyone’s mind that
-What is the better option to buy: Bitcoin or Altcoin Right now?
And yes before discussion I must say that don’t forget to give your valuable opinion about this topic. So friends let’s begin the discussion- So friends, as we all know it’s a Bear market out there. Nowadays trends are generally downward, and friends, signs point to upward movement soon. So now could be the great time to buy and everyone whoever interested in crypto currencies wants to invest now.
But the Big Question is- TO BUY WHAT? BITCOIN or ALTCOIN????
Friends, one thing is clear that if you were following the pattern of 2017, you might think that there is no question about where to invest your money or what to buy. Yes friends, it is clearly visible that as per the pattern of 2017, ALTCOINS performed significantly better than Bitcoin in terms of Return on Investment and there seems to be an assumption that as some ALTCOINS have Dropped 90%, they can drop no further. Whereas Bitcoin’s average correction of 70% seems to indicate it could drop again, leaving the investor out of pocket.
But friends, there are other factors to take into consideration. If we look at the previous “Bubbles” there are Altcoins that were Popular that are now completely Worthless. So there is on guarantee that they will even exist by next year or not. Your favourite Altcoin might have corrected 90% and you might think that is great time to buy or invest in it.
But unless there’s clear evidence of a predicted Upward Trend, that Altcoins could fall even further, all the way to ZERO. There’s never a guarantee that the Market will continue to follow historic patterns, so there is always an element to RISK.
So, as per my point of view, investing in Bitcoin would seem to be the Smarter option, as we can see the Technology Giants all turning their heads towards the Blockchain solution.
And friends finally I must say that stay alert, read the news daily and Best of Luck.
Thank you.