While many altcoins might not pan out, there could be some with genuine use cases that emerge over time. Maybe there's a potential for altcoins to solve specific problems that Bitcoin can't.

I know  Bitcoin indeed stands out for its decentralization and finite supply, we can also consider the potential of some altcoins. Yes, many tokens may not live up to their promises, but some projects aim to solve real-world problems and offer innovative solutions beyond what Bitcoin offers. For instance, Ethereum with its smart contract functionality has paved the way for DApps and the rise of DeFi. Similarly, tokens associated with projects focusing on privacy (like Monero), scalability (like Solana), or interoperability (like Polkadot) bring unique value propositions to the table. There might be room for other players to coexist and bring value in different ways.

But of course, holding Bitcoin is still the best approach in the current cryptocurrency landscape, prioritizing quality over quantity when it comes to building a portfolio.

I wholeheartedly agree with your comment about the utility of altcoins. A lot of different altcoins advertise and market how their token or blockchain is different from the rest from a utility perspective, but this is more so that they can appear unique and attract more people to trade and speculate on their price. Trading and speculating is a fools game of gambling effectively. Bitcoin is the only one you can hold long term.
 

I would agree that Bitcoin is a long-term investment but we can't just then think that all altcoins are not like Ethereum as I believe it is worth investing long-term together with Bitcoin. Putting 60-70% to Bitcoin and the left is for ETH, I think that is a fair investment plan IMO. It does not mean I have no total trust in Bitcoin but why I do this is because I also believe that ETH is promising and profitable among altcoins. I can't just ignore the chance it has shown and for many years have passed, ETH has still shown impressive performance which is convincing enough.

But of course, it is an individual preference and we choose an investment that we think is worthy.

Do not believe too much about the site that displays a list of coins according to the ranking even though the coin ranking is good even though the coin is still new.
Why do I say like that because they can be paid to raise ratings and rankings or other mention can be manipulated.

Because Bitcoin is the only coin that is free from all manipulation. We hold Bitcoin because Bitcoin is a good value asset held in the long run.
Bitcoin currencies that will not be obsolete, others may not necessarily even end with disposal like shitcoin.

it is the investor's choice to be able to choose which coin he wants to invest in, because whether it is bnb, eth, btc, solana, and other popular coins they both have potential, so a person does not have to just hold bitcoin in their wallet.  however, for me personally, my portfolio consists of several coins with the largest share being bitcoin, because i also understand the risk of a decline in the price of bitcoin, so i invest in several coins to minimize potential losses.

Almost 99.9% is no difference to 100%, any mark that tops at 99.9% makes it a pass mark, but anyways, I disagree with this claim of yours because some altcoins have been around for years and they are doing fine till today.

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Also altcoins have better returns of investment than Bitcoin, even as much as I like Bitcoin I will never talk bad against ALTs, is the problem the altcoins or the people building them? Because many people just point straight at altcoins forgetting that humans are the ones building the altcoins.

Some will fail, since Bitcoin is just one and altcoins are legions in numbers, the higher the number the higher the possible numbers of failed project, but man, there have been some great one so far, and they deliver what Bitcoin can never do.

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Believe it or not, the existence of altcoins is why this space is crowdy today, many people cares only about altcoins and it favours them, the difference is we can never know how smart and strong the team of a new project is, either its going to fail or survive is hard to know, but still, the future builds are only possible on altcoins right now. Its a fact that I have learned to accept.

I agree with you, I believe that without altcoins, the cryptocurrency industry would not be able to grow big and attract new investors every year. If you conduct a survey of new investors. I believe up to 90% of them entered this market because they were attracted by the x100, x1000 growth of meme projects, shitcoins being created, Bitcoin was never on their radar.

This is true and what is happening, but maximalist bitcoin investors are trying to deny this and they claim that it is bitcoin that attracts new investors, while altcoins are ruining reputation of the cryptocurrency industry.

As of now, my portfolio is over 70% bitcoin but I don't want to lie that investing in altcoins is bad, it's not as bad as many people are saying.

Which coin one should hold, it completely depends on the person itself. Yes holding Bitcoins have many benefits, but a person should do his own research in order to do the investment. If you ask me then yes Bitcoins are the best coins to hold. They have the largest marketcap, they are limited in numbers and their popularity is increasing day by day. So what more a person wants now? Hence Bitcoins are the only option.

Lots of projects often promise that they are going to be the next bitcoin. This should tell you a lot about just how successful bitcoin has been and how it has become the default standard of all to follow cryptocurrencies.
Bitcoin is trustworthy but it still depends on you how huge or even if you’ll have any profit from investing in it.

I don't understand the point of buying an asset for holding it indefinitely. Why you would need that? And who would need that? People need money to buy goods and services, they don't need assets they will never touch, neither use during their lifetime. If they need something they won't touch, it would be more relevant to invest in paintings or housing for example. At least they could use it for something. In addition Bitcoin is less safe than physical assets, because it can be hacked, or you can lose it, if you lose your seed.