BTC or altcoin
BTC or altcoin
I recently made some money through Amazon Kindle Direct Publishing, and I’m considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.
What replacement coins would you recommend?
My take is nothing beats Bitcoin as far as investment goes specially if you are willing to invest money that you can afford to lose and then you will be a long term holder. And this is the right time to buy since the price is still very cheap. And just imagine if in the next bull run, the price goes to like 6 digits.
But as far as risk goes, meaning more risk bigger reward, then there could be few altcoins that could be good as a investment, maybe a few ETH or BNB or ADA will do for you. But there could be more riskier, and there could be element of what we call pump and dump.