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Why most trader prefer to invest their money in bitcoin rather than other cryptocurrencies?
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[QUOTE="Kingsley, post: 221473, member: 30278"] I think the highest all time high that bitcoin has ever hit is $69,000 and not $72,000. But as we all know the bitcoin is the only coin that holds all other coins together and determines what really happens to other coin in the ecosystem of the crypto currencies market. The bitcoin is the foundation on which every other coin is been built. So what ever happens to the bitcoin it definitely have a very sharp effect on every other coin in the market. When we look at the relevance of the solar system in space we can also liken that same thing to the crypto market, everything we see and here about crypto currencies are all built on the price and actions of the bitcoin. Now taking about preference of a particular coin to invest in will really depends on some factors and not just by the name of the coin. On a lighter note the bitcoin would have always been the very best to invest in if you our investment is very large as you can easily predict the behavioural patterns of the bitcoin. So one of the major factors that determines include the amount one is investing on the coin. [/QUOTE]
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Why most trader prefer to invest their money in bitcoin rather than other cryptocurrencies?
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