Why we buy alt coins:
As variety is one of the main human needs and after simply owning Bitcoin for a while you've probably looked at a few alt coins and maybe even bough some. After all, why only be excited about one cryptocurrency graph when you can be excited about 5 or maybe even 20 similarly if not more thrilling graphs.
We've all heard the stories of someone buying a coin for .50 cents and after a month of holding it it's valuation going up to 5 dollars multiplying the person's investment times ten.
What the person usually doesn't talk about is the fact that he owns about 10 if not more other alt coins that are stagnating on their dollar price while bitcoin keeps on growing which actually leads to lost profits even though the alt coin's dollar value has not went down.
This brings me to point of this brief article and that is that:
If you don't think the alt coin you're about to buy will grow faster than Bitcoin, you really should not buy it. After all, you are not buying alt coins with dollars. You are buying alt coins with Bitcoin
In my next article, I will go over what I am doing to enjoy the thrill of owning several alt coins without actually losing money from my Bitcoin investment.