The year 2017 has seen a spectacular rise in the price of bitcoin . It rose way up to 20k $ , then crashed to 12k$ in the previous week . I had invested in btc some time ago and to be honest ive lost more on opportunity costs. Bitcoin i believe is going to peak at around 25k$ and then inevitably crash .
The reason i say this is because of the spectacular rise in the prices and use of altcoins . The money i could have made by investing in bitcoin cash or ripple or ltc would be humongous cpmpared to the money i made on bitcoin. It is my highest recommendation that you diversify your bitcoin portfolio because i only see a huge RALLY in the prices of these altcoins . Atleast i believe in them
- RIPPLE .
IN CASE you havent heard of the tremendous increase in the price of ripple ,well, its a cryptocurrency that rose by 4000% , YES , more than the rise of bitcoin and yes for good reason . Ripple even though may be another crypto looks extremely promising given its uses . With low transaction feee, low volatality and a spectacular technology that might actually be really usefull in the future . Ripple is going mad in asia . Of cource it could simply bepeople trying to find the next bitcoin , but you have to admit that ripple is extremely promising
- BITCOIN CASH .
another altcoin that i think is worth investing in is bitcoin cash . Faster transaction speed , lower fee and 8x block size of bitcoin makes it a good contender for the future . With bitcoin having numerous problems and no one coming up with a solution to adress its issue has right now lost it fundamental of being a currency . Its more being used as a speculative device whivh i see is very unhealthy . Huge volatality and major bitcoin whales now jumping to other altcoins is proof enough .
Of cource im not saying bitcoin is completely useless , but at the rate of development that bitcoin is getting these 2 altcoins definitely look promising . Bitcoin if the LIGHTNING NETWORK is implemented could be extrely usefull and bitcoin futures that might decrease volatality could also make bitcoin the king again .
SO yeah , diversify and HODL .
Note - this is my personal opinion and not investment advice .
Upvote and resteem . Thank you for reading .