I have been in the market for awhile, and always hear the same mantra about trading to hold more Bitcoin and not Fiat. I bought into the same mentality for a long time, but I'm changing my tune. In almost every industry, first generation leaders are replaced by competition. From Sears, Kmart, Nokia, Motorola, Yahoo, MySpace, etc. Although Bitcoin is the current crypto reserve currency, I think that its dominance is threatened by ALT coins with faster, cheaper transactions and greater scalability. What do you think? Is it smart to hold Bitcoin as a long-term investment, or are there better choices among the ALT coins like Ethereum or Litecoin?
There are a lot of other coins out there that are also great in long term investment like ethereum for example because they are showing pretty good in the increase decrease thing plus the fact that they are low in price compared to bitcoins so your money can rise much more than bitcoins if they will rise as far as bitcoins can go. Because the bitcoins is just giving you the assurance, they are the most successful coin which means they are trusted and expexted to rise as time goes by.
Bitcoin is the best long term investment if handle correctly and make decisions in order to get profit but this investment will take your time to reach at the high market and you caste the opportunity to sell the coins and get profit. As well it can be a short term investment if you invest in a low market and after investment the market jumps suddenly and high market come.
