Is Bitcoin the best Long-term Hold?

[BettingTips]

Bitcoin is the first cryptocurrency in crypto world and it's being the king of crypto world so I think it's the best cryptocurrency to hold for long term. But for now I think price of Bitcoin is a little bit high so it's really hard for investor or holder with small amount of money to buy huge amount of Bitcoin that why there are a lot of investors or holders choose another cryptocurrency also has very good potential with lower price than Bitcoin to hold for long term like ETH or NEO.

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[gamerfan]

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?

You made a good analysis. But coins can co-exist. So maybe in the future Bitcoin will be used more as a store of value, while other cryptocoins will be used for daily transactions.

[CryptoEnthused]

ETH in my opinion.
now 1 btc = 11 eth
next year 1 eth = 11 bitcoin

No way. That should drive the ETH price to 100k+ if BTC held constant to make your prediction come true. That can happen only in case if BTC fell 10 times and ETH grew 10 times within a year. Very unlikely. I think that BTC and ETH are equally the best holds.

[Panchum]

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?

Yes bitcoin is good for a longterm hold,many bitcoiners proven bitcoin to give us a new life.Long term profit is only for those who have savings of bitcoin. Because bitcoin holders like me is just for a short time because when l don't have money l can sell my bitcoin for emergency needs of my kids.Bitcoin only is my hope to give the needs of my kids. I have three kids studying so l can't hold a long term for now. Although l want it too, but l know l can save for my kids future. 

[Ronaldcoin2017]

ETH in my opinion.
now 1 btc = 11 eth
next year 1 eth = 11 bitcoin

No way. That should drive the ETH price to 100k+ if BTC held constant to make your prediction come true. That can happen only in case if BTC fell 10 times and ETH grew 10 times within a year. Very unlikely. I think that BTC and ETH are equally the best holds.

Long term holder is really experienced or really gain  a terrific huge amount of money, it is proven and tested that the bitcoin is really good to hold for a long term because of its high volatility and it is really amazing. The important factors here is patience because if we have patience maybe we can wait for the right time.

[crazycatwoman03]

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?

You made a good analysis. But coins can co-exist. So maybe in the future Bitcoin will be used more as a store of value, while other cryptocoins will be used for daily transactions.

Right,  not just people are investing in bitcoin but also companies,  establishments and etc. Bitcoin ia good to hold,  it may take a long time but that is the idea of it because it grows as time passes and it will continue to grow in the future.  

It is possible to replace bitcoin in its spot but it will not be that easy for bitcoin is more known than altcoins. Altcoins may be cheaper to invest to but bitcoin is more known by people and is usually the coin to be first introduced as crytocurrency. 

[ngavanngo22]

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?

At the moment, Bitcoin is still the most significant value crypto on the market, but its growth rate is not equal to Ethereum. In 2017 Bitcoin's exchange rate increased by just over 1000%, Ethereum increased to nearly 8000%. So Bitcoin and Ethereum are the 2 best cryptos to invest in the long term on the cryptocurrencies market, and Ethereum is likely to overtake Bitcoin to become the biggest value cryptos!

[alfs75]

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?

Yep,for me that right,that bitcoin is the most suitable coins  used for long term investment,because its a mother of all coins,and  have a great value now,even sometimes we fell the decreasing of its price,but bitcoins price sustain it flexibility towards in the crypto market.actually bitcoin is mostly a preferable coin  that commonly used some investor in holding investment,because when they turn to fiat is easily to convert it into different kind of  traditional currency.

[soenaderecho10]

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?

You made a good analysis. But coins can co-exist. So maybe in the future Bitcoin will be used more as a store of value, while other cryptocoins will be used for daily transactions.

Right,  not just people are investing in bitcoin but also companies,  establishments and etc. Bitcoin ia good to hold,  it may take a long time but that is the idea of it because it grows as time passes and it will continue to grow in the future. 

It is possible to replace bitcoin in its spot but it will not be that easy for bitcoin is more known than altcoins.

For me in holding longterm way bitcoin is the best because bitcoin is a good pricing and safe if you hold it in longterm.the pricing of bitcoin is moving sometimes fallen but dont be risky of that because we know bitcoin will recover and give bitcoin in our life to change of life.bitcoin is ideal in longterm way investment because of price and we sure if you monator the price we can get a good profit in a exact time.

[CarnagexD]

I think Bitcoin is the one of the only coins we should long term and that is because it is proven and closest to becoming usable in actual society. Sure Litecoin might be kind of close, but because everybody knows about Bitcoin it is right around the corner for implementation. I just saw a video that showed LN is active in California at a coffee shop, the revolution has begun people hang on to your Bitcoins it will probably be in your best interest.

True , Bitcoin is a well established coin that we could trust in regards to investing becssweu it actually have a developed system in terms of transactions and invesent that could give people an opportunity to gain profit by following the principles of law of price and demands or dealing with the changes of Bitcoin price.

[btcjocan]

I think Bitcoin is the one of the only coins we should long term and that is because it is proven and closest to becoming usable in actual society. Sure Litecoin might be kind of close, but because everybody knows about Bitcoin it is right around the corner for implementation. I just saw a video that showed LN is active in California at a coffee shop, the revolution has begun people hang on to your Bitcoins it will probably be in your best interest.

True , Bitcoin is a well established coin that we could trust in regards to investing becssweu it actually have a developed system in terms of transactions and invesent that could give people an opportunity to gain profit by following the principles of law of price and demands or dealing with the changes of Bitcoin price.

From the start we can really see that holding is the best on bitcoin feild and patience is an important matter here, many individual gain a huge profit on holding foe a long term,  that is why I really believe that holding for a long term is the best because the market price is slowly rising each day, so then of we are going to hold and wait foe the right price maybe we can gain a huge amount through selling on the right price.

[onnz423]

While what you said is true about older systems being replaced by newer ones, I don't think the same is necessarily true for Bitcoin, as the network is likely to be upgraded to meet new demands and compete with newer coins. Bitcoin has the first mover advantage, and is by a long shot the most widely known, used and accepted crypto. I think bitcoin and ethereum are the safest to hold in terms of volatility, but there are definitely some up and comers that will demonstrate better gains.

[BitHodler]

At the moment, Bitcoin is still the most significant value crypto on the market, but its growth rate is not equal to Ethereum. In 2017 Bitcoin's exchange rate increased by just over 1000%, Ethereum increased to nearly 8000%. So Bitcoin and Ethereum are the 2 best cryptos to invest in the long term on the cryptocurrencies market, and Ethereum is likely to overtake Bitcoin to become the biggest value cryptos!

The only reason Ethereum managed to increase that much in the last year, is solely related to the ICO hype that literally exploded. I however have to point out that this is just a temporary occurrence.

If you look at the massive amount of governmental resistance there is when it comes to ICO's, which I believe is well justified, there is no way anyone being realistic and unbiased will ever hodl Ethereum for the long term.

Nothing in the world justifies Ethereum to have a value ratio of 10% against Bitcoin. That's why I don't understand how people can even buy 1 Ether at a price of anywhere near the 0.1BTC mark.

[creeps]

While what you said is true about older systems being replaced by newer ones, I don't think the same is necessarily true for Bitcoin, as the network is likely to be upgraded to meet new demands and compete with newer coins. Bitcoin has the first mover advantage, and is by a long shot the most widely known, used and accepted crypto. I think bitcoin and ethereum are the safest to hold in terms of volatility, but there are definitely some up and comers that will demonstrate better gains.

Holding on such a good coin for long term can surely make good profit for you. If you look at the history, its proven that bitcoin can be the best investment for long term though some may say its a bubble but If you analyze well you can confidently invest on it. Cyrptocurrency will help us to be better in the future, and bitcoin will remain the leader of all crypto I believe on this.

[kolitski]

Probably bitcoin was the best for long term hold we know the characteristic of bitcoin if many years go by the value will also high, in the coming many years many investors also investing in bitcoin and bitcoin is more on profitable.

[Indrawan77]

Yes bitcoin still the best long term investment and as you can see from the transaction volume, bitcoin still got the highest rate, and bitcoin need to keep on updating and follow the trend, there are so many alt coin now is looking for opportunity to take bitcoin place, eth is the strongest candidate that probably can take down bitcoin

[FrueGreads]

Ethereum is always a good choice for investment because it has clear goals that actually don't "mess up" with bitcoin goals. Meaning they are not competitors, and I think both will co-exist. As for the possibility that bitcoin is over taken by some alt, I can't say it's impossible, but it's not likely. For a blockahin to be secure it needs good hash power, and right now bitcoin has that huge advantage over everything else. As for room to improve, don't forget about the lightning network. Once it's ready to go, it will make bitcoin the fastest and more evolved crypto coin in the space, so all the short term advantage other coins have (and that are not even taking advantage of), will be gone. Again it is possible, but not likely.

[xSkylarx]

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?

You made a good analysis. But coins can co-exist. So maybe in the future Bitcoin will be used more as a store of value, while other cryptocoins will be used for daily transactions.

I'm not doubting bitcoin as a coin that is good to hold for a long run, unlike any other coins out there, bitcoin is one of the coins that is good to invest our money at. Bitcoin have the most big supply in the market, enough to assure that that there is no reason to have second thoughts on investing or holding bitcoin, because if you are going to buy bitcoin and you are just going to sell it whenever you want it, then you are throwing away your profits.

[Bitinity]

It can be the best long term hold coin for some people, but for some other people it can be not the best because of its price. Buying it now is still a high price means that people need to spend a lot of fiat to buy bitcoin where not all people are able to do it including me.
At the moment, I will prefer on cheaper price coins but has the same chance for long term hold purpose. Coins like eth, ltc, waves, and xrp are my main choice for long term hold now.

[BlackPanda]

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?

Yes Bitcoin has a good future so we can use Bitcoin as a profitable investment. Although I had experienced a price reduction, but that I think is very reasonable because the price of Bitcoin always experience fluctuations caused by various impacts. The high optimism of Bitcoin and the increasing number of Bitcoin users is the thing that will keep Bitcoin's price on the rise.