Bitcoin is a great cryptocurrency with a lot of potential. Bitcoin in many ways is the daddy of all coins. To purchase other coins, you typically need either Bitcoin or Ether, with Bitcoin remaining the gold standard. Despite Bitcoin has recently been sitting steadily at $2,500, however analyst are predicting that Bitcoin will likely hit $5,000 this year per coin (2017). What does this tell us? While Bitcoin has great long term growth, for the average crypto-currency buyer, buying up Bitcoin is not a good choice. The entry level to purchase a single bitcoin is already out of reach for the average investor who does not have $2,500 to invest or may only have $2,500 invest (so why put all your eggs in one basket?)
Instead, focusing on altcoins, especially those that aim to solve a problem and are still emerging are a much better investment than Bitcoin. Coins like Siacoin are believed to be extremely undervalued and can be purchased for roughly a penny per coin right now. Someone who makes a $1,000 investment in a solid emerging alt coin, will likely make significantly more on their investment than by making an investment in Bitcoin, at-least in the short term and near future.
What do you think? Do you agree that new investors should focus on altcoins rather than trying to acquire Bitcoin?