Bitcoin (BTC) has achieved a mammoth growth since years after its inception and remained as the best coin to mine for potential cryptocurrency investors. The year 2017 has been great for Bitcoin’s success when its trade price reached all-time high, though it was declined later.
Bitcoin value predictions
Cryptocurrency investment is a high-risk investment like traditional forex and stocks investments. Bitcoin value can go too high but it always carries an inherent risk of fluctuations. The potential crypto investors predict that bitcoin value will climb in future but expectations can’t possibly compete with long-term stability of the currency. It can’t be precisely determined at any stage.
Investment diversification is the best idea
The wise investors always believe in diverse investments. For instance, the wise Bitcoin investors have changed their move to other crypto coins. Bitcoin is already at the extreme and you can’t expect a big difference in future value of your Bitcoin units holding. This is the time to decide the best coin to mine and to plan investment on this basis.
Why shouldn’t restrict to Bitcoin mining
Why it is needed now? The Bitcoin is at the extreme and upgradation of Bitcoin network is still uncertain to handle more transactions. The transaction fees are going higher and higher. All these factors are lowering Bitcoin’s potential and it is seen as unusable for future investment. The concept of Bitcoin was designed to make transactions faster but it becomes futile when this currency fails to fulfil this condition.
How to make profits from crypto mining
The investors want mining speed and low transaction fees besides growth potential which can be achieved with some other crypto coins. Thus, there is no worth of sticking to just Bitcoin. The diversification of crypto coin investment in altcoins is the best method to invest for maximum profitability and with reduced risk of fallout. What an investment in Bitcoin units can’t offer can be achieved from altcoins. So, it is better to look somewhere else than to focus on Bitcoin.