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Is Bitcoin the Best Crypto to Bet on?

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By Augustine Mbam - December 05, 2022 - 5 Mins Read

Less Volatility than Altcoins 

Especially for beginners, Bitcoin is more viable to invest in than other cryptocurrencies because it is less volatile than most altcoins. 

A primary argument that those who prefer altcoins make is that altcoins allow you to make more profit whenever they moon. 

When evaluated, such an argument is only valid by a small percentage. 

Most of the altcoins in the market increase in value whenever Bitcoin increases and decrease whenever Bitcoin has a slight decrease. 

Whenever Bitcoin rises, some cryptocurrencies even moon by a higher percentage, the same with when Bitcoin decreases. 

Assuming you check the price of Bitcoin today and see that it is on a negative 2.5%, most altcoins will probably be on the negative of more than 25%. 

This is just an analysis of how the price of Bitcoin can significantly affect other cryptocurrencies, making it a better investment. 

If you are a beginner or long-term investor and want to buy Bitcoin today, it is a better option than other cryptocurrencies.