Bitcoin is a great cryptocurrency with a lot of potential. Bitcoin in many ways is the daddy of all coins. To purchase other coins, you typically need either Bitcoin or Ether, with Bitcoin remaining the gold standard. Despite Bitcoin has recently been sitting steadily at $2,500, however analyst are predicting that Bitcoin will likely hit $5,000 this year per coin (2017). What does this tell us? While Bitcoin has great long term growth, for the average crypto-currency buyer, buying up Bitcoin is not a good choice. The entry level to purchase a single bitcoin is already out of reach for the average investor who does not have $2,500 to invest or may only have $2,500 invest (so why put all your eggs in one basket?)
Instead, focusing on altcoins, especially those that aim to solve a problem and are still emerging are a much better investment than Bitcoin. Coins like Siacoin are believed to be extremely undervalued and can be purchased for roughly a penny per coin right now. Someone who makes a $1,000 investment in a solid emerging alt coin, will likely make significantly more on their investment than by making an investment in Bitcoin, at-least in the short term and near future.
What do you think? Do you agree that new investors should focus on altcoins rather than trying to acquire Bitcoin?
No need to buy a whole BTC.
You can get 1 mBTC if you want for $2.50
If you are going into altcoin at least read the home page and white paper.
I do like sia and grid coin.
TBC, OneCoin and Gladia is a scam/Ponzi/pyramid. Don't do it.
If you do find a pyramid/Ponzi if they are honest about it, and you are aware you are gabling, have fun.
Ripple and dash are also questionable.
Along with anything you can find on coinmarketcap.com with a *** or **** (not mineable, or pre-mined)
If you are new to Cryptocurrency, buy Bitcoin!
Then when you got your feet wet with Bitcoin, you can try swimming in Altcoins. But beware of the sharks.
Always only invest, what you can afford to loose.
^o^
If you can't afford bitcoin, get satoshis! You'll be supporting counterparty, OMNI, nvot, safe network, among many derivative tokens and coins.
I think it just depends on an investor's risk tolerance personally. I'd be more than happy to shoulder a bit more risk and increase my potential rewards, but I know plenty of people who feel crypto as a whole is too risky.
But you can by a percentage of a bit coin. We are buying about $20 worth of bit coin each week and sometimes more, so one day, we will have a whole bitcoin. Yippee!
I think if you had it, put $2500 in Bitcoin and $1000 into a few different promising alt coins.
Don't bet against Bitcoin!
Why not invest in precious metals?metals will always hold their value.... cryptos can always go to zero easily....
Cryptos have also more potential to increase their value
This is the kind of argument you have to learn to avoid. There is nothing Wrong with siacoin, but to argue that because it's cheap is a total misunderstanding of how to value an asset. It is better to look at total market cap and see if there is any potential. Look at competition -burst, storj, maid, others. Compare the sum of them to the conventional players like google, Microsoft and others.
Just because a token is a penny does not mean it's cheap.
Bitcoin went up higher. But steemit has more potential with the social media part.