Should We Invest in $BTC or Altcoins? 🤔
It depends on your investment strategy and risk tolerance:
- Investing in BTC:
- Bitcoin is the most established cryptocurrency with a proven track record.
- Potential for stable returns, possibly more than x2 profit.
- Example: BTC surged from $10,000 in mid-2020 to over $60,000 in 2021 on Binance.
- Investing in Altcoins:
- Altcoins offer higher risk but can yield greater rewards.
- Requires more research, perseverance, and market understanding.
- Example: Early investors in Binance Coin (BNB) saw significant returns as it grew from under $10 in 2017 to over $600 in 2021.
Current Market Outlook:
- BTC Dominance (BTC.D):
- BTC.D will likely have one last leg up when Bitcoin breaks the 2021 peak again.
- At that time, Bitcoin could approach $100,000 - $140,000, causing money to flow into BTC again and possibly pushing BTC.D to **60-65**.
Investment Performance Targets:
- $50,000 - $70,000 investment aiming for $1M.
- $500,000 - $700,000 investment aiming for $10M.
Strategy Moving Forward:
- Let's be patient with Altcoins a little longer. 🚀 When the time is right, they will offer substantial returns.
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