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Why most trader prefer to invest their money in bitcoin rather than other cryptocurrencies?
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[QUOTE="Shaf, post: 224059, member: 25467"] Bitcoin has not gone as high as $72k but it has gone to $69k. I do know that however, most traders prefer to trade altcoins over Bitcoin because of their higher volatility and thus higher potential gains in a bull run. While Bitcoin may go up by just 10%, other altcoins can go as high as 100% or even more in a single day. However, more conservative traders with huge capitals prefer the relative low volatility of Bitcoin as it minimises their loss, and they can make significant gains with the amount of money they have. In an uncertain market like the current one, it's best to just stick to Bitcoin till it stabilizes and establishes a trend. [/QUOTE]
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Why most trader prefer to invest their money in bitcoin rather than other cryptocurrencies?
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