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Are Altcoins not Investments but “Trades” to Be Sold for More Bitcoin (BTC)?

Bitcoin is King

Expressing his view on Twitter, his post spurred discourse. His conclusion comes when Bitcoin and the whole cryptocurrency market is correcting following an impressive first two weeks of January when superb gains were registered.

Bitcoin is the most dominant digital asset. At the time of writing, the coin commanded a 66% market share, trading at $8,420, with decent gains against ETH.

Proponents argue that in the long-term, only one coin will dominate the chart, in the remittance sector, given its security, launch and subsequent approval of complex derivatives products, BTC is and will continue to be king.

User Requirements Differs

However, while their argument is valid, especially if the market is split into different sub sectors where different platforms serve different purposes, there are altcoins resilient against the BTC.

Expectedly, not everybody agrees.

One commentator highlighted the variation and difference in user-cases in the broad blockchain realm:

“I would disagree over here. There are alts that are performing right now in the market and are still holding the ground. I would say none BTC or altcoins are long term investments coz there is no guarantee returns. The crypto market is highly sensitive and you got to be on your toe.”

Another chimed in, citing VeChain as an example:

“Speak for your own research. VeChain is an investment as it has the only working consensus algorithm and application of such PoA, backed by the Big Four, Central Banks, Governments and DNV-GL. VET has proven adoption by multiple Fortune100 companies and has 1000 in the pipeline.”

Altcoins Paired with BTC In Most Exchanges

Most altcoins are paired with BTC in most liquid cryptocurrency exchanges.

Also, during periods of marked volatility, when prices soar or dump, investors tend to find security in stable coins like USDT and Bitcoin.

Bitcoin has over time evolved from being a medium of exchange to a store of value.

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