Invented in 2008, Bitcoin is the world’s first digital currency or cryptocurrency. It started to be used through software in 2009. Ever since it has been a favorite digital asset for investors. But it is noticed that the petulant nature of this cryptocurrency proceeds to the bull market after every period of four years. While there is this tremendous enticement of other cryptocurrencies in such a situation, we need to decide wisely if it is really worthwhile or not.
Is It Worthy To Leave Bitcoin For Other Crypto Assets?
Many traders start to feel doubtful about bitcoin after bullish momentum begins in the market. The mainstream media also starts to make news which often creates more confusion. The attraction of alternate digital currency is no less perplexing. But the investors must remember the achievement of the world’s first digital currency all this while. Many start to contemplate that they have not succeeded in this digital asset and reconsider altcoins which are certainly alluring. The altcoins or alternative digital currency claim with confidence that they can outplay bitcoins. These altcoins are known to be cheaper and more efficient in making quicker transactions. Altcoins are also said to be capable to function in many complex applications as well. But in spite of all that, they have failed to defeat bitcoins.
According to experts, the altcoins are not reliable enough and they are far from bitcoin’s splendid achievement. These are unreliable, insecure, illiquid assets that are often misleading for the investors. Not only are they constructed by flawed structures, but they also pursue incorrect metrics.
Thus, traders should be more careful about investing in altcoins whereas bitcoin is considered to be the only reliable digital asset that is “investment-grade”.
