Altcoins, yes, but $BTC better.
Have you looked at the chart of the altcoin you want to track against BTC, and if you are really increasing your purchasing power in terms of Bitcoin?
I am going to explain to you why Bitcoin is still the king of cryptocurrencies, and why the ultimate goal of many investors and enthusiasts is to have more Bitcoin, even though with altcoins they can earn more satoshis in the long term.
Bitcoin has limited supply, high demand, high liquidity, and high stability. These characteristics make it a store of value and unit of account, comparable to gold. Bitcoin is the benchmark and anchor of the crypto ecosystem.
Bitcoin is the most secure and decentralized:
Bitcoin uses a consensus system called proof of work, which requires a large amount of energy and resources, making it very difficult and expensive to attack or manipulate the network. Bitcoin is also the most decentralized cryptocurrency, as it has the largest number and diversity of nodes, miners and users. This implies that no one can control or censor the network.
Bitcoin is the most adopted and recognized:
Bitcoin is the oldest, most popular and most widespread cryptocurrency in the world. It has the largest market capitalization, the largest trading volume and the largest number of users. Bitcoin is accepted as a means of payment in thousands of businesses, platforms and services, and is supported by important companies, institutions and personalities. Bitcoin is also the most regulated and supervised cryptocurrency, giving it greater legitimacy and trust.
In the short term, altcoins are a good option, but ultimately they are unnecessary and we would be able to do all the functions in the Bitcoin network using layers 1 and 2.
To be continue...
Crypto Tank.
