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At the moment there is a good opportunity as BTC dropped too much again to its all-time high but I would consider this as a correction of the BTC so one should consider this as a good opportunity to buy BTC again and Let's see the change in SEC will be good or not we will come to know.
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As such there are many cryptocurrencies that we can trust apart from Bitcoin. Your choice is good and I also have the list of good potential coins that I prefer to hold: Ethereum, Polkadot, Chainlink, Cardano, Litecoin, Tezos, Kusama, UMA, NEO, Waves.
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What happens then when Warren Buffet said bitcoin will end up badly in 2018 and did you see Bitcoin hits again all-time high 40,000$ level and he can not predict everything perfectly even I respect him. You must know many countries have legalized Bitcoin and people are using it without any problem and I must say many countries banned it as well. When you can use it legally in your country then what is the issue.
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If its like that we can not predict the even lumsum value of Btc but it should not be the same as current value of bitcoin. The high value of Btc is just because of limited supply if the supply is in billions then value of Btc would be very less than our expectations.
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I never thought about Polkadot seriously but in the recent time performance, I am very amazed. It took XRP place now after Ethereum it is the most demanding altcoin now. I believe those trading Polkadot must make a good profit by now even I am expecting more bullish movement in Polkadot in the coming weeks.
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I believe this time whale takes the maximum benefit even I would say BTC is still bullish so there is a chance for normal traders also who bought BTC can earn good profit. Traders also earn profit but Institutions and whales took the maximum profit. We can not say Institution has cashed out or not but I believe they still hold BTC as the momentum of BTC is still bullish. This time BTC moves very quickly so small traders are not the winner of the Bitcoin pump.
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They can not fight with BTC even I don't think so they will fight with Btc. Bank's prime motto is to issue their own stable cryptocurrencies so that more and more people will adopt their cryptocurrencies as a medium of exchange on the other hand they can not compete with Bitcoin or other altcoins because cryptocurrencies can be rise and drop but bank stable cryptocurrencies value will remain stable.
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Yes, a Hardware wallet is the best way to store your bitcoin safe but always bookmark the link from where you open the hardware wallet. Personally, I am using Trezor wallet and did not face any issue or problem to date so I advised everyone to use a hardware wallet to store your precious coins.
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Probably you should wait for the gas fee to be normal then you can withdraw otherwise in small transaction fees is the concern or you can choose other cryptocurrencies that charge less in fees to transfer your funds and generally I use Doge to transfer my funds.
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Bitcoin has never been stable to date as we all know its a highly volatile cryptocurrency. At the current price 4000-5000$ movement to any side is normal for me. Impatient holders will lose money if they sell if it drops further but I must say Btc is in good momentum chances of rising is higher than a drop. Profit depends on how much patience you have.
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Those who trust Bitcoin and Ethereum and buying too when most of us is losing hope are now happiest traders or investors because they already made a huge profit by trusting cryptos and now I see many traders/investors start trusting and now buying at even high price because they understand this market has huge potential it will give good profit sooner or later but for that one must be patient.
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I trust old gem Ethereum its been tested several times so I would choose Ethereum on Polkadot even Polkadot is a new coin but has good potential and we should not doubt Polkadot too. If we compare both I will buy Ethereum because Ethereum has strong community behind to support.
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I never thought Bitcoin is a failed project but we can say the transaction fees of bitcoin is quite high and that is the only concern I noticed in bitcoin. Yes, it's expensive to buy 1 Bitcoin by a small investor/trader He/she can not even think to buy 1 bitcoin now it is out of reach for them but buying some satoshi is not an issue.
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You can check Doge too. I most of the time use Doge when the transaction is small otherwise in the big transaction I don't care about fees of 5-10$. Doge transfer fee is very nominal and it will not pinch anyone's pocket.
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