Why should you invest on Bitcoin?
Why should you invest on #bitcoin ?
When talking about #Altcoins , one should mention about #bitcoin and #blockchain to explain further about their altcoins.
These increase bitcoin popularity and demand for bitcoin as more and more people getting to know what is bitcoin and the ability to stored value.
Furthermore, bitcoin are not owned by any individual or company, so more and more people and country are open to accept bitcoin at their place without any concern.
Why altcoins are dying?
Because more and more people are finding out how easy it is to create a new coin and try to profit from it. There are dozens of coins coming out daily on bitcointalk.org. Furthermore, altcoinland is dominated by get rich quick scams, pumps and dumps, lies and deception. The liquidity of the #cryptocurrency market decreases as traders are left with an empty wallet. When liquidity decreases so do the prices and marketcaps.
#Altcoins live a short lifespan, only 3 over top10 cryptocurrency kept their position at the top, the rest got replaced with newly hyped coins. Thus, we conclude that #investments in altcoins are very high risk, with a decreasing #reward
However you can still invest in altcoin but please do some research on the coin before you proceed. Real coin should be listed in coinmarketcap or worldcoinindex after launch and should have white paper.
When talking about #Altcoins , one should mention about #bitcoin and #blockchain to explain further about their altcoins.
These increase bitcoin popularity and demand for bitcoin as more and more people getting to know what is bitcoin and the ability to stored value.
Furthermore, bitcoin are not owned by any individual or company, so more and more people and country are open to accept bitcoin at their place without any concern.
Why altcoins are dying?
Because more and more people are finding out how easy it is to create a new coin and try to profit from it. There are dozens of coins coming out daily on bitcointalk.org. Furthermore, altcoinland is dominated by get rich quick scams, pumps and dumps, lies and deception. The liquidity of the #cryptocurrency market decreases as traders are left with an empty wallet. When liquidity decreases so do the prices and marketcaps.
#Altcoins live a short lifespan, only 3 over top10 cryptocurrency kept their position at the top, the rest got replaced with newly hyped coins. Thus, we conclude that #investments in altcoins are very high risk, with a decreasing #reward
However you can still invest in altcoin but please do some research on the coin before you proceed. Real coin should be listed in coinmarketcap or worldcoinindex after launch and should have white paper.
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