Crypto Coach Sunil Explains: Should You Choose Bitcoin or Altcoins?
Confused between Bitcoin and Altcoins? Crypto Coach Sunil breaks down the pros, risks, and opportunities to help you invest smarter.
Understand the dilemma
If you are new to the world of cryptocurrency, the first
question that comes up is Should I invest in Bitcoin or try my luck in altcoins
There are thousands of options available in the market, so
it is quite natural to get confused. Crypto coach Sunil explains this confusion
in simple language
Bitcoin – the first identity of crypto
·
Stability and identity – Bitcoin is called the
digital gold of crypto
·
Liquidity – It can be easily bought and sold
across the world
·
Long-term value – A reliable option for those
looking for safe investments
·
Expensive investment – Buying a whole bitcoin
may seem heavy to early investors
·
Slow transactions – Transaction speed is low
compared to new blockchains
Altcoins – New and emerging options
·
Diversity and innovation – Coins like Ethereum,
Cardano Solana bring features like smart contracts, DeFi and NFTs
·
Start at a low price – Many altcoins are
affordable for early investors
·
Potential for rapid growth – Some altcoins can
give good returns in a short time
·
High volatility Downsides – prices can fluctuate
anytime
·
Uncertain future – not every altcoin can last
long
Crypto coach Sunil’s advice
For beginners, Sunil says it is better to create a balanced
portfolio
70% investment in Bitcoin for security and stability
30% investment in select altcoins for growth and innovation
This will give you the confidence of Bitcoin and also new
opportunities from altcoins
Final thing
Both Bitcoin and altcoins have their own importance in the
crypto world
Bitcoin gives confidence and long-term security while
altcoins bring new ideas and opportunity for fast profits
The most sensible move is to have a balanced combination of
both and invest according to your risk
Tip from crypto coach Sunil: Always do your own
research and never invest so much money that you are afraid of losing.
Originally posted on WordPress
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