Investing in bitcoin carries risk due to its volatility. This danger cannot be overlooked or minimised by holding bitcoin for an extended period of time. Holding bitcoin for a long time does not ensure successful returns at the end of the investment period.
Accumulating bitcoin with discretionary income is not only because it does not guarantee profitable returns in the long run; it is also because this money will be locked up for years. As a result, using money intended for our survival to invest in bitcoin is a horrible idea.
Just because other cryptocurrency project exit doesn't automatically make them comparable to Bitcoin, the real discussion should be about fundamental security decentralization and lony term value rather than grouping everything into Same basket ofcause there's definitely a tendency to lump all crytocurrencies together but that's like treading every company stock as if it's the same investment whether somebody agree or disagree with Bitcoin it's hard to argue that it's history adoption and new effects are identical to most other crytop project. The mistake many people make is assuming that because something exist in the same aspect it shares the same purpose or risk profile.
