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RE: Better to Buy Bitcoin or Altcoins Right Now?

in #cryptocurrency6 years ago

I believe institutional investors are eager to invest in crypto. I also believe they are waiting for weak hands to finaly give up. Investing in altcoins could be very profitable, even more than investing in bitcoin itself, but don’t forget about the volatility it brings. Most investors sell before it actually starts being profitable just because of its volatility. As you mentioned, it’s all about where your mind is set. If you thing long therm, you should be fine. But if you thing at the moment you make a purchase it must start making profits immediately and instead it turns against you, in most cases you panic and eventually sell for loss. That’s what we are seing now. Disappointed short therm investors are selling.