I have thought of this topic because I don't invest much in altcoins, just trading it to profit. I'm talking about the one you will buy that you would HODL in the long term and keeping it in your cold wallet, hardware wallet, paper wallet, or whatever you do with it as long as you keep the currency itself.
The reasons I could think are the following:
- You invest because of the Technology of the coin And what it could bring to the cryptocurrency space
- You know the developers and supporting them
- You believe you could profit in the long-term
- Because of the Name of the coin. Lol.
I'm just wondering if there are other reasons that you may have and if you agree with the ones I listed. Share it here.
I have a thread that shows that Bitcoin dominance is now over 90% and we are in a bull run, I have traded all my non performing altcoins to Bitcoin, and if ever there is a new coin or existing altcoins that I think will have a good potential in the market, I can only allocate a small portion.
People should accept the fact that we are moving fast in Bitcoin adoption and this is what we have been waiting for, Bitcoin volume is growing and countries and companies adopting Bitcoin, altcoins will have its time, that's for sure but now it's Bitcoin's time to shine.