Bitcoin Forum

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

Straight from your own research

Bitcoin is a good option to invest in as a beginner, but when investing, there are risks involved, so I  encourage you to do your own research on the matter to actually understand what you are investing in and the risks you are taking. as for the "best", it can be subjective since there will be people who would pick other cryptocurrencies as the best cryptocurrency to invest in.  

OP, Zaguru12 is right in his remark. What do you want to hear? You have come to a forum that is completely dedicated to information about Bitcoin. Read, your posts show that you know about the bear market, and so on; you are not a beginner. Why ask questions to which you know the answers? Why this circus?

Go for bitcoin as a beginner, learn about bitcoin investment and have an ideal knowledge of it before you invested, also try to low about bitcoin wallet and make use of a cold storage wallet in having your bitcoin, avoid holding your asset on centralized exchanges, but you can only make use of them when there's a need for you to make an exchange or buy bitcoin and then you move to your personal wallet, you will need one step at a time and it begins with you learning first about what bitcoin is in cryptocurrency and why it's the most preferred crypto.

From my personal experience, Bitcoin is the only option for a beginner that wants to invest and learn at the same time, since Bitcoin is already an established coin and with a provable track record of remarkable events both on the upside and the downside all calculated based on it DCA value.

Even though you already seem to have forehand information and knowledge, judging from your posts history, but this question is still relevant to other newbies who are looking for the best coin to put the money down to for a while.

Bitcoin is widely recognized as the top cryptocurrency, and no doubt many experts suggest starting with BTC. I would also recommend starting your crypto journey with Bitcoin, as it's accepted by the most merchants. But, it's also important to diversify your portfolio. You maybe consider other cryptocurrencies such as Ethereum or Litecoin later. It's also crucial to start with small investments and monitor your portfolio performance time-to-time.  ;)

When talking about the best Cryptocurrency, Bitcoin is always the best among thousands of other existing Cryptocurrencies. You need to do research before making a choice on a particular Cryptocurrency, Bitcoin is the best advice for Newbies who are just starting to invest in crypto assets.

Don't easily believe the news spread via the internet about the potential for a new Cryptocurrency that is booming for any reason. Focus on your goals, if you have doubts about the potential you have, forget it and leave it. The best choice to maintain asset value on coins that have strong fundamentals, always avoid Fomo which can get you stuck in it. Keep your funds in Bitcoin gradually, you will feel the benefits when the Bitcoin price increases again.

This Forum is about bitcoins, it means Bitcoin will be the first recommendation, but it is not just because the forum is about bitcoins that is will be recommended, but really because of how Bitcoin is the best option when deciding to invest in cryptocurrency. Bitcoin can be trusted better and depended on than other cryptocurrency when talking about which of them will last longer.

As somebody new to cryptocurrency, apart from the news that you should learn to trust less, you should also learn not to follow people's mouth about a cryptocurrency that they think will book and you should invest all your money. Bitcoin is the best choice even when it is not booming.

If you want a clearer explanation as why people here mostly tell you to buy bitcoin and that is because while Bitcoin is highly volatile, let's say that altcoins are way more than Bitcoin's being volatile.

There's so much happening in the alts market and a beginner might be overwhelmed with that and while having Bitcoin, it's more of a relaxed way of investing on this market and from there, a newbie can learn a lot by just observing with his very first Bitcoin investment.

Yes, bitcoin is a good investment but since there are known risks, one should always invest with caution. By having DYOR, an investor will be more educated on what is bitcoin and how it can be profitable in a changeable market. However, though bitcoin is the most preferred investment for beginners, but always be reminded that its not a get rich quick investment, you might endure consistent losses at first before you finally see it profiting.

It's the most preferred cryptocurency because it's the oldest and most trusted due to its years of existence. Most reputed members will tell you to invest in Bitcoin and they're not wrong for giving you the safest option in the market. Bitcoin is the safest among every cryptocurency in the market that you can invest in at the moment, and be guaranteed of a future return. The profits mightn't be as big as others (assuming they get pumped) but it'll be reasonable and you won't be put in a situation were you'll be forced to sell your coins because of the price crashing.

While you're making Bitcoin your focus investment, there's nothing wrong with having some altcoins to gamble on. Kindly understand that your investment in those altcoins are pure gamble and you can lose all the money invested. Instead of going to the casino I invest some of my spare money into some altcoins but I don't take them serious or hold them for a very long term. After some significant amount of gains I pull my investment from the altcoins investment and accumulate some more Bitcoin.

They’re both risky actually, but bitcoin is way more profitable and more secured investment compared to altcoins. That’s the reason why even long time crypto investors still chose bitcoin over a lot of altcoins. And for beginner investor like you, if you want to succeed with bitcoin, don’t invest for greed and expect short term profits, but focus more on long term hodling as that will promise huge amount of returns in the future.

I don't know why you raise this question here, OP, because going through your post history, I can see how you have said good things about Bitcoin and how you have advised others to always stay on Bitcoin.

Is it that you have doubted Bitcoin again in recent days?

Is it the congestion of the Bitcoin network that so many people have been complaining about for some reason, or is it because of the market situation that the Bitcoin price has dropped these days?

But notwithstanding, Bitcoin is the best coin to start with as a beginner because it is the only coin with a guarantee, especially as the Bitcoin market is down.

As a newbie, the only coin I will advise you invest in is Bitcoin and no other cryptocurrencies, because due to the high volatility of altcoin, and lot of scam token or coin, I just can't advise anyone to invest in an altcoin that may likely fade away with time, unlike Bitcoin that has proven to be the best coin and best option for long-term investment which is far more better than most of these altcoin that has low volatility compared to altcoin.

Bitcoin is a good option for even beginners, unless you know so much about altcoins and is considering  trying out Bitcoin for a change.
It's one of the most successful cryptocurrency since its launch, hence why you can easily find someone who knows an aspect of it and can impact you with knowledge.
 Simply put, you can easily find someone who's into Bitcoin for pro tips or mentorship, should you as a newbie decide to invest in Bitcoin.

Altcoins still offer several advantages over Bitcoin, such as a lower entry price, higher volatility (especially for altcoins with different blockchains), and the potential for higher returns compared to Bitcoin.

I'm sure the majority of senior members here including me will advise you not to look at other coins but only Bitcoin, if this is your first time investing in Cryptocurrency, concentrate on Bitcoin and know everything about Bitcoin, wallets to use, how to secure your wallet, market performance, and its history.
Everything you will know about Bitcoin you can apply to other coins or tokens if you decide to expand your portfolio.
Coins and tokens come ago but Bitcoin is the one coin that will stay and will remain in the top positions, so don't confuse yourself and start with the right coin.
  

only you can decide that, do your own research, analyse the market and be at peace with your choice.

This is always a MUST. Most of the beginners in the space are always doing research for sure especially if it's their first time to hear Bitcoin.
For OP, if you're interested in investing in cryptocurrency and decided to put out some money to invest, please please, try a small amount first, like an amount that you are willing to afford because a lot of beginners complain that they lost their hard-earned money, don't be like them.

A beginner will have to look up the information on his own because we don't know what you want to know. You can browse many things on this forum to search for your wants. If you want to know the best time to buy, it might be when a correction arrives or when the market is declining.

That's a good time to buy but you should also be prepared for the downside to persist. And that is the time for you to buy bitcoins. Don't forget to specify the funds you want to use as an investment and don't exceed the amount of funds if you don't have a lot of money because it can interfere with your life needs.

The important thing is to prepare everything well, buy it at a low price and save it for a while. And it's better to make bitcoin purchases regularly so you can accumulate more bitcoins.

Hahaha Good point  ;D

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I mean I don't usually advise someone to made a investment but you need to Do Your Own Research first but Bitcoin in my opinion is good to go for first time investment in cryptocurrency and wait and if you suitable with this type of high volatility you might looking other option

Bitcoin is known coin in the crypto industry which there's a lot of benefit that you could get if you invest. Of course there's always a risk when it comes to this industry but as a beginner it would be better to take your time, study and collect knowledge about BTC or crypto. There's also alternative coins that you could try if you think you can't manage BTC. It's good to ask people for their preferences when it comes to coins but it would be better to do your own research where you are comfortable to put your funds.

Bitcoin is always the best recommendation for Newbies who want to start investing in Cryptocurrency. Before engaging in any investment you need to consider the risks that might occur. Fluctuating bitcoin prices always surprise every investor. You need to do research before jumping into the market, then need to prepare mentally to face if the worst happens. Don't panic easily with market conditions that are crashing, small corrections always occur as a sign that the next pump will start.
In addition to some of the suggestions above, it is necessary to prepare cold money that is not used for other needs as early anticipation when the market moves in a way that it shouldn't so as not to cause panic selling.

Which makes it the best because of the advantages it offers, that's how we recognize one of the best in Cryptocurrency and bitcoin in line with the questions you ask to make a choice. Your own research is very important and combine it with some of the answers people have given, it should be enough for you to learn.

If you are a beginner then the steps that must be understood are how to see buying opportunities even though in general bitcoin can be bought under any circumstances, but most people will wait for a moment of price reduction to buy bitcoin and if you are one with small capital then DCA is a viable option chosen.

Bitcoin is the best option to invest especially for the beginner as it is the safest haven among cryptocurrencies but you should not invest in bitcoin if you do not yet know enough about the risk you are taking when investing in it, so the best thing you can do before investing is to do your research first, or you can also use this forum to gain knowledge just explore yourself here.

Bitcoin is popular choice but Before making any investing decisions as a newcomer to the world of cryptocurrencies it is crucial to take your time to thoroughly investigate and comprehend the various possibilities accessible. Despite being the most well known cryptocurrency Bitcoin may not be the ideal choice for everyone. You should also take into account the market present trends its potential for stability and growth as well as your own financial objectives and risk tolerance. Always seek advice from more senior coworkers or seasoned investors and start modest with your investments as you increase your understanding and trust of the cryptocurrency market.

The first investment in cryptocurrency any newbie should consider is Bitcoin, followed by other well known altcoins like Ethereum, BNB and others. With those one, you can take time to study the market conditions and what it it's to go into other aspects of investments like DeFi, Presale and IDOs and many more.

If you want to play safe like me then you can proceed with it undoubtfully, but if you want to make quick profits and want to take some risks with the funds then I think the hype projects such as PEPE and other meme projects, I would say avoid them but if you want to take risk then carry on, Slow and steady wins the race.

Given that you mentioned some additional benefits of bitcoin in your earlier posts, even though your understanding of the currency is limited, I take it that you are at least somewhat familiar with it. However, I'm not sure whether you still find the currency to be incredible or whether you still need to learn more about it. Well, given the current state of the market and my recommendation that you use bitcoin to keep your investment secure Hodling for a long period will be advantageous for you as a newbie because it will allow you to keep your coin while simultaneously learning how the market functions, even if you are still learning about it.

Additionally, everyone wants to invest in bitcoin because it is a well-known cryptocurrency, especially newcomers.

Bitcoin is a good investment not only for beginners, but also for those who have joined the crypto community for a long time. Moreover, such investments will be safer compared to investments in altcoins, despite the fact that altcoins can bring you a big profit.

Stop fine-tuning what Bitcoin can give investors, there is nothing new that Bitcoim can give anybody than profit, it's the same thing with many other alternative cryptocurrencies too, if you hold for long term you will earn better returns and if your goal is short term you will still make something nice, what newbies don't want to hear is holding for a long term, some use money they aren't ready to put aside for a year long and when they notice that Bitcoin price action is not going their ways they lose hope and sell their Bitcoin at loss.

There is no better way to handle Bitcoin investment than risking what you can afford to lose.

And there might be people telling that the fees of bitcoin right now is high so choose altcoins. Well, just so they know that the fees in some alts are expensive as well as of the moment.

But these are just temporarily and won't be like that for most times. Although we're not guaranteeing that someone will make huge profits with bitcoin but it's like the gold standard for the crypto market.

And that's giving the idea why newbies should choose bitcoin as their starting investment upon entering the market.

I have had the intention of asking this question as a newbie. Now i am glad that the question has come up here. Before now I used to think that cryptocurrency is another name for bitcoun, now I understand that bitcoin is one of crypto currencies. From the privileged information that I have gotten here in this forum, i am sure to start with Bitcoin, because the confidence that people have in it is assuring.

But first I need to give my self a little more time to understand better   before i venture into it. I have learned not to rush into things that a am not fully familiar with..

OP you don't look like someone who is a total novice to the cryptocurrency world looking at your previous post but I think you are new here looking at your rank. The forum you got registered to is a Bitcoin forum do you expect members here to advise you to invest in altcoins I guess no, Bitcoin will always be the best option for you when it comes to investment because it has future that other altcoins don't have so I encourage you to choose Bitcoin investment bit ensure you have proper knowledge before you begin to invest.