Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Winderl on June 02, 2023, 01:15:25 PM



Title: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Winderl on June 02, 2023, 01:15:25 PM
I hear a lot of people asking this question, "Should I Keep Buying Bitcoin Alone if I Have Limited Resources?"  I think one person I hear them asking this to most is an investing influencer that made all of his money in the stock market, and in 2019 made the shift into the crypto markets, accumulating Bitcoin and Ethereum at that point.  I would say he has over 1000 BTC.  Now he is even looking for opportunities to convert his ETH to even more BTC because there is only 1 king.  Not only does he think BTC could enter a new phase of outperforming ETH if BTC undergoes mass adoption at some point, but he understands the long term benefits of BTC and all that is implied for BTC because of it's scarcity and superiority.  He views ETH as a trade only and he sees BTC as something that you only accumulate and never sell any of.  This is the instruction that he gives everyone, including people who ask him, "Should I keep keep buying only BTC if I have limited resources?".  The resounding answer from him is "yes, just keep buying BTC and don't ever sell it".  Which I would actually wholeheartedly agree with if they were already wealthy people like he is, but maybe what they are politely trying to ask him is, "what can I do to reach my goals like you have?".  They, being able to see the end from the beginning, which is that if their position in BTC never grows to anything substantial enough to help them reach their goals, how relevant is the greatness of BTC to them.  While an influencer from 2019 has done very well for himself in the crypto markets, aren't there crypto investors that go back to like 2011 and or before that have their roots in crypto and know an exact strategy and approach to help newer people reach their goals in crypto because they have done it themselves?  Wouldn't they have something more to say to people than, "just buy BTC?".  What would they tell people should be the criteria for their investments?  What coins do you think these early crypto investors are investing in currently as a compliment to BTC & ETH, that they believe will help newer investors meet their present day goals?     


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Doan9269 on June 02, 2023, 01:29:47 PM
If you think you're really interested in making a profitable investment with lesser risk then first considers bitcoin, later if you're getting along and have improved more in knowing about how to research other cryptocurrencies, you can give a try on Ethereum as well and any other cryptocurrency you think worth it and deserves your investment after a thorough research on them, don't also get too involved in many altcoins because of the scam projects and don't invest on tokens if you're intending to hold for long.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: dwminer1 on June 02, 2023, 01:41:38 PM
Bitcoin seems to be the safest investment in the world of cryptocurrencies. If someone just wants to regularly allocate some amount for investment and forget about these funds for a long time, then bitcoin seems to me to be a good asset. However, if someone wants to get more involved in the world of cryptocurrencies, then diversification is advisable. There are many interesting projects on the market that can bring more profit than Bitcoin over time, but you need to follow these projects on an ongoing basis, because there is also a greater risk of failure.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: goaldigger on June 02, 2023, 01:58:46 PM
Even if you have limited resources its still advisable to diversify, though Bitcoin can be lesser risk for long term time frame there's still no assurance for its peak price so I suggest to buy other good crypto as well and do the DCA.

Don't go all in regardless of its value, that is too risk so if you want to be more profitable then invest wisely. I prefer to allocate 50% of my investment to Bitcoin and the rest will serve as my capital for trading and altcoin investments.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: abel1337 on June 02, 2023, 02:21:13 PM
I hear a lot of people asking this question, "Should I Keep Buying Bitcoin Alone if I Have Limited Resources?"  I think one person I hear them asking this to most is an investing influencer that made all of his money in the stock market, and in 2019 made the shift into the crypto markets, accumulating Bitcoin and Ethereum at that point.  I would say he has over 1000 BTC.  Now he is even looking for opportunities to convert his ETH to even more BTC because there is only 1 king.  Not only does he think BTC could enter a new phase of outperforming ETH if BTC undergoes mass adoption at some point, but he understands the long term benefits of BTC and all that is implied for BTC because of it's scarcity and superiority.  He views ETH as a trade only and he sees BTC as something that you only accumulate and never sell any of.  This is the instruction that he gives everyone, including people who ask him, "Should I keep keep buying only BTC if I have limited resources?".  The resounding answer from him is "yes, just keep buying BTC and don't ever sell it".  Which I would actually wholeheartedly agree with if they were already wealthy people like he is, but maybe what they are politely trying to ask him is, "what can I do to reach my goals like you have?".  They, being able to see the end from the beginning, which is that if their position in BTC never grows to anything substantial enough to help them reach their goals, how relevant is the greatness of BTC to them.  While an influencer from 2019 has done very well for himself in the crypto markets, aren't there crypto investors that go back to like 2011 and or before that have their roots in crypto and know an exact strategy and approach to help newer people reach their goals in crypto because they have done it themselves?  Wouldn't they have something more to say to people than, "just buy BTC?".  What would they tell people should be the criteria for their investments?  What coins do you think these early crypto investors are investing in currently as a compliment to BTC & ETH, that they believe will help newer investors meet their present day goals?     
I learned a hard way by selling my BTC because of the lack of funds in real life. The meaning of limited resources depends on what kind of person you are asking but for me limited resources means that you only have money for necessities and extra money for something. I believe that we should invest on BTC if we are secured in real life like having savings and emergency funds. I sold my BTC back then because if don't have any funds at that time and I experience an emergency that force me to sell my BTC at loss. I learned my lesson back then and now I'm confident that my Bitcoins won't be touched even an emergency happen again.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: SyndicateLabs on June 02, 2023, 03:25:36 PM
IMO, there are several points and thoughts in your post that I would like to note. Buying Bitcoin or other cryptocurrencies is an investment decision, and it carries many risks. It is important to have a well-thought-out and well-formulated investment plan in place before deciding to invest in any currency. Accumulating Bitcoin and holding it for a long time can be of great benefit to resourceful and patient investors. This is not an investment strategy that works for everyone, and needs to be carefully evaluated and considered. For newer investors, investing in these currencies can require in-depth knowledge and experience to make the right investment decisions.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: coin-investor on June 02, 2023, 03:33:08 PM
I hear a lot of people asking this question, "Should I Keep Buying Bitcoin Alone if I Have Limited Resources?"

For me yes if your investment is small buying the safest is the best choice, you can only diversify if you have large funds I was faced with that scenario and it's not logical to diversify with a small amount so I picked Bitcoin and that's the best decision I've made, if I have diversified with a small amount I would have lost half of my investment, so I prefer the safest one which is Bitcoin, it will go down but it will eventually recover.
Bitcoin should have the largest bulk or the main coin in your portfolio.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Beparanf on June 02, 2023, 03:44:00 PM
-snip-

For starter, try to split your statement into paragraph so that it will be easier to read and understand. It very hard to finish reading the whole content due to the small text and very long context without separator.

It’s true that purchasing only Bitcoin when you have a limited resources is the best way to maximize gain since Bitcoin price is the best performing crypto asset in long run. Wasting your money on risky shitcoin will just make your investment slow to grow because shitcoins is worst during bear market. Buy only Bitcoin and keep holding until your bags is already. This way you can guarantee a maximize profit on crypto with less risk.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Ojima-ojo on June 02, 2023, 03:47:39 PM
Let me put myself in your shoes, whether or not I have limited resources or surplus resources, I will put 100% into BTC this is because Bitcoin offers more stability for long-term usage and profitability, so for a starter, it is better to look into assets that have proven track records of success and bitcoin is the only cryptocurrency that qualifies for that category of long term stability and sustained market over time.


Invest in altcoin only if you want to gamble with your investment which I am sure no one will be ready to risk their money on uncertain investments like bitcoin which can be easily pumped and dumped at any time.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Lagduf on June 02, 2023, 04:17:18 PM
You have made it clear if you have limited resource and why do you try to force your self to buy the coins that have very high price for a coin? Forget bitcoin and ethereum then move to the altcoin. Altcoin is the possible thing that can multiple your money.

Think about that wisely. The choice is yourse. DYOR.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: zonefloor on June 02, 2023, 04:20:52 PM
As his friends said, the safest investment source in the crypto money investment world is bitcoin. But with limited resources, you need a large capital to become rich on bitcoin. Because if bitcoin is 100 thousand dollars as of today, you can get 4x at most. But if you say that I don't need a lot of money, this amount is enough for me, it makes sense to make this investment. But if you want to make more money, sensible investments with serious analysis can make more money without taking too much risk.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: wajik-tempe on June 02, 2023, 04:54:44 PM
Experienced crypto investors who have been in the industry from its inception are likely to take a more sophisticated approach to investing. They have watched the growth of the crypto sector and may have investigated initiatives other than BTC and ETH. It's difficult to give specific coin recommendations to younger investors because the cryptocurrency market is very volatile and vulnerable to quick fluctuations. The terrain is continuously changing, with new initiatives sprouting up and old ones growing.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Yatsan on June 02, 2023, 04:55:45 PM
If you have limited resources and you are that eager to invest, chase after less risk than profit. Choosing altcoins would put your funds at a bigger risk than with Bitcoin or other assets. Every asset has volatile market prices but atleast you would be able to compare which would have a more volatile one. I won't agree with others who pushes bigger risk and reward if you have limitations with your funds in the first place. Why? 'coz that would be a gamble. The bigger yout capital is, the more you would be able to endure market price changes ofcourse. Manage the risk all the time.There's no easy profit in any industry so better be more careful with a more volatile one.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: gurunanakji777 on June 02, 2023, 06:20:09 PM
If I were in your position, I would diversify 50% of my funds to BTC and 50% to ETH and I must say If you can manage to buy you must try to buy and retain them for a substantial duration, akin to a fixed deposit in a bank that yields good interest.  In my opinion, BTC is a valuable asset for individuals who can hold it over an extended period. My top priority is always BTC, followed by Ethereum and BNB.



Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Silberman on June 02, 2023, 07:01:50 PM
If you think you're really interested in making a profitable investment with lesser risk then first considers bitcoin, later if you're getting along and have improved more in knowing about how to research other cryptocurrencies, you can give a try on Ethereum as well and any other cryptocurrency you think worth it and deserves your investment after a thorough research on them, don't also get too involved in many altcoins because of the scam projects and don't invest on tokens if you're intending to hold for long.
Exactly, the problem with a great deal of investors or traders is that they they want to run before they even learn how to walk, they want to invest in all kind of coins since the beginning of their journey and this is simply a mistake, in my opinion investors should restrain themselves to invest in bitcoin only for at least a cycle, then once they have proved to themselves that they have what is needed to make money by only investing in bitcoin and they know more about this market then they can take their chances with altcoins.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: passwordnow on June 02, 2023, 08:12:39 PM
Criteria will depend on each of their own. While there are investors that are looking forward to new projects because they think that the opportunity is there. We as long-term investors have only one criterion and that's because Bitcoin is king.
Even if someone has limited resources, that shouldn't be a factor to stop investing or stop DCAIng Bitcoin because you know what's coming and you understand the factors that are setting Bitcoin to have its rough but worth it road for everyone.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Yamifoud on June 02, 2023, 09:23:12 PM
Well, some are saying that putting all eggs in one basket is not a good idea but I'd just think that investing in Bitcoin alone is not also a bad decision. Because we believe that Bitcoin is a good investment and the most promising project in the crypto space we have some confidence that it will grow and pay us back what we are invested (ROI). In fact, it was better to have a single investment  (Bitcoin) rather than shared it with altcoins as we know that altcoins are reliant on the Bitcoin's market trend.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Johnyz on June 02, 2023, 09:37:08 PM
You can actually buy new tokens with a huge potential in the market, you can start doing this with a small portion of your money.
Bitcoin is good for long term yes, but having said that you are only limited I think its better to deal with the altcoins and once you already made a huge profit, then have some Bitcoin as well. Be active in this market, there's a lot of way to earn free money, all you have to do is to do your own research and be consistent.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: someone703 on June 02, 2023, 09:38:58 PM
Bitcoin is generally considered a relatively safe investment in the cryptocurrency market due to its good track record, wide adoption, and limited supply. It has proven resilient over the years and has become a store of value for many investors. If your goal is to distribute coins regularly and hold them for a long time without active participation, then Bitcoin could be a suitable option. It has shown long-term growth potential, and its scarcity and position as the first and largest cryptocurrency contribute to its appeal. On the other hand, if you want to participate more actively in the cryptocurrency market and seek higher potential returns, then diversification becomes important. Please consider carefully because altcoins have a higher risk ratio than bitcoin anyway.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: MainIbem on June 02, 2023, 09:41:50 PM
As a cryptocurrency Amateur I didn't expect you to keep listening to those whales who kept saying buy and hold and don't sell any, now you may consider yourself not being in same categories with them because their wealth can never be quantified as yours maybe, probably you are only looking for a way to survive with at least $1k while they already carved out about $500k or more to invest in bitcoin while you as $1k investor would keep listening to them as same time you lost your investment. So the best is, sell whenever you feels like selling and buy when you think the Market is dip enough for you to buy instead of follow the whale.




Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Rengga Jati on June 02, 2023, 09:47:15 PM
Actually there are several conditions: if you want to
1. If you really believe we can afford it without disturbing finances for your needs, so you only use free money to invest
2. If you are really aware of the risks and you are ready
3. If you are really interested and not because of someone else's encouragement.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Ziskinberg on June 02, 2023, 09:55:41 PM
Actually there are several conditions: if you want to
1. If you really believe we can afford it without disturbing finances for your needs, so you only use free money to invest
2. If you are really aware of the risks and you are ready
3. If you are really interested and not because of someone else's encouragement.
Yes, it was indeed there are criteria for us to guide and help in making a decision. As long as it will give us satisfaction and the confidence that we can earn a profit from this, we no longer and not necessarily have to spread it with altcoins as it only gives us more stress. For me, investing in Bitcoin is a good decision and I know that it won't disappoint in the end rather than investing in altcoins we're not sure if that will turn into a scam. In fact, many investors are just focused on Bitcoin and feel they are happy with the results, unlike those people who are investing in altcoins where we can hear a lot of complaints.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: ElmedoRator on June 02, 2023, 09:58:50 PM
You have limited resources in general and should prioritize risk management over chasing higher returns. Investing in lower-risk bitcoins can offer more stability and potentially preserve your capital better than investing in highly volatile altcoins. With limited funds, it's generally a good idea to focus on investments that are considered less risky and have a solid track record. Bitcoin, being the oldest cryptocurrency with wide adoption, may offer a relatively safer option. So risk management, staying informed, and being patient are key factors in pursuing long-term success in any investment endeavor.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: JeffBrad12 on June 02, 2023, 11:35:41 PM
I just think that investing in bitcoin is like accumulating your wealth though, if you seek for returns you better invests in an altcoin that's actually having better chance of turning around some measly investment into something meaningful but some small investment would definitely have near zero impact with bitcoin, since its value is too high for some people out there.
as you said, accumulating as much bitcoin as someone could can be done through various several means, like through investing in some altcoins and then convert the profits that you earned to bitcoin for the sake of growing your bitcoin investment.
after all, not everyone have the capability to just accumulate until 1000 btc, let alone that much, 1 bitcoin is already too much for many, so I think seek returns more when your capital is relatively low.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: gaston castano on June 03, 2023, 05:11:14 AM
if you have problems with resources. and don't really want to take risks btc can be the right choice, but under these conditions no one expects btc to go up so fast.
so you just have to be patient and wait for that moment to arrive.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Hypnosis00 on June 03, 2023, 06:13:20 AM
Talking about "Limited Resources", you'd rather use it wisely OP because if that will lose, nothing would replace it. If you are just aiming for a long-term investment, Bitcoin is literally the best option to take. Altcoins could also be another option but must take extra caution upon choosing them, especially for new coins and hyped projects. If we want profit assurance, Bitcoin should be on the top among crypto.

But I would suggest just think it wisely, the risk is always there in the crypto space, and you can't guarantee safety but at least choosing Bitcoin give you a different situation.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: smile1218 on June 03, 2023, 12:41:29 PM
Investing in bitcoin or any other asset with limited resources can be a risky proposition. Bitcoin has seen a significant price increases in the past, it is important to remember that past performance is not indicative of future results. If you do decide to invest in bitcoin, it is important to do your own research and try to consult a financial expert to determine if it is suitable investment if you have limited resources. It is important to only invest what you can afford to lose as crypto currency market can be volatile and unpredictable. Never invest if you cannot afford and you will take risk to take a loan just to invest, do not do it.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Apocollapse on June 03, 2023, 01:09:43 PM
The early adopter didn't even looking and know if they will make a lot money by investing in BTC, they're buy or mine Bitcoin because they believe the project and they're looking for the use case. Satoshi never say Bitcoin will reach x price in the next year or ten years later, actually almost all altcoins right now promise about return, which is clear they're not give any use case, but just want to make money and scam the investors.

I don't think there's an another new coin which could be like Bitcoin, if there's in the future, that coin should overtake Bitcoin since it's better than Bitcoin.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: justdimin on June 03, 2023, 02:34:06 PM
if you have problems with resources. and don't really want to take risks btc can be the right choice, but under these conditions no one expects btc to go up so fast.
so you just have to be patient and wait for that moment to arrive.
Resources can mean money so if one is limited or doesn't have a budget at all, it's still useless to recommend Bitcoin to them because they can't still buy it. Maybe the one that they should think for now is how to get a job. BTC can just wait so one must not rush on it.

We can also apply for a BTC paying job online and get paid in Bitcoin directly. This way, there is no need for us to buy it using a fiat. There is also a Bitcoin faucet which can be done by anyone. No skill needed here. Yes, the drop rate is tiny but if we can use multiple faucet at once, I think that will still be a good amount if we sum them all together. This is less risky than investing directly. We won't care if BTC will drop because we only obtain it for free anyway.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: killerfrost on June 03, 2023, 02:47:13 PM
I encourage you to learn more about this investment and its risks. You need to weigh and manage your risk to avoid losing money. Because the crypto market in general today is very accessible and there are a lot of negative things surrounding it, especially in the current context of the market we are in a difficult period and many issues are not really clear. Recently, the HYPE story has appeared a lot, and investing in bitcoin will face many obstacles if you do not have the right view of bitcoin. Set personal goals and approach it according to a plan, each person will have a different understanding and approach to bitcoin, but most of the time when I look at this market when you are strong enough, you will avoid it want to take risks and choosing bitcoin is always the beginning and the end.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: deean_3one on June 03, 2023, 03:06:55 PM
Bitcoin is the best coin in crypto. Having Bitcoin is one good investment. Crypto is highly volatile. But the one who leads or who guides the price is Bitcoin. If it goes up then the price of alternative coins will also go up. Therefore, Bitcoin is the safest investment in crypto because the risk is smaller compared to investing in other coins.



Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Wexnident on June 03, 2023, 04:23:06 PM
Wouldn't they have something more to say to people than, "just buy BTC?".  What would they tell people should be the criteria for their investments?  What coins do you think these early crypto investors are investing in currently as a compliment to BTC & ETH, that they believe will help newer investors meet their present day goals?     
Well the question is related to BTC, such as "Should they buy BTC" after all, so I reckon the answer of just buy it is actually more than enough of an answer. After all, considering the positions of early investors, I don't think they've made a loss if they've continued hodling till now. Criteria for choosing another "Bitcoin" though? Kinda hard to give since it's been a decade and Bitcoin's still the king. The rest of the coins that were released are either shitcoins, or Bitcoin but with caveats (as well as its own advantages, but caveats still are above it imo). If it was just choosing another coin, well that depends now on how well us as investors can actually understand what they want to do and what their plans are.

I believe helping new investors achieve what they want is close to nill, at least in the short term. A lot of money is lost in the process of learning to invest, and I highly doubt they'd stay after losing a few thousands of bucks. If they stay though, that just means they're prepared to lose more, not necessarily achieving their goals immediately.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: cute nmp on June 03, 2023, 04:45:04 PM
If you don't have a lot of money to spare, it's probably not a good idea to only invest in Bitcoin. Buying Bitcoin can be risky, and if you put all your money into it, you could lose a lot . It's better to spread out your investments and consider other options .Remember to invest only what you can afford to lose.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: fullhdpixel on June 03, 2023, 05:58:24 PM
You have limited resources in general and should prioritize risk management over chasing higher returns. Investing in lower-risk bitcoins can offer more stability and potentially preserve your capital better than investing in highly volatile altcoins. With limited funds, it's generally a good idea to focus on investments that are considered less risky and have a solid track record. Bitcoin, being the oldest cryptocurrency with wide adoption, may offer a relatively safer option. So risk management, staying informed, and being patient are key factors in pursuing long-term success in any investment endeavor.
I pretty much agree with that, when you know that you can't afford to lose the money that you have, you should first of all not invest in cryptocurrencies, but if you want to do that with the limited resources that you have, Bitcoin is probably the best option considering it doesn't have the possibility of rug pulling or crashing to the end of its tail, so you will not be much worried.

Some altcoins might be able to provide higher profits in a shorter period of time but there is more risk in investing in them as anything can happen at any time and we have seen that happening with a lot of altcoins in the past.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: fvb on June 03, 2023, 06:01:44 PM
I hear a lot of people asking this question, "Should I Keep Buying Bitcoin Alone if I Have Limited Resources?"  I think one person I hear them asking this to most is an investing influencer that made all of his money in the stock market, and in 2019 made the shift into the crypto markets, accumulating Bitcoin and Ethereum at that point.  I would say he has over 1000 BTC.  Now he is even looking for opportunities to convert his ETH to even more BTC because there is only 1 king.  Not only does he think BTC could enter a new phase of outperforming ETH if BTC undergoes mass adoption at some point, but he understands the long term benefits of BTC and all that is implied for BTC because of it's scarcity and superiority.  He views ETH as a trade only and he sees BTC as something that you only accumulate and never sell any of.  This is the instruction that he gives everyone, including people who ask him, "Should I keep keep buying only BTC if I have limited resources?".  The resounding answer from him is "yes, just keep buying BTC and don't ever sell it".  Which I would actually wholeheartedly agree with if they were already wealthy people like he is, but maybe what they are politely trying to ask him is, "what can I do to reach my goals like you have?".  They, being able to see the end from the beginning, which is that if their position in BTC never grows to anything substantial enough to help them reach their goals, how relevant is the greatness of BTC to them.  While an influencer from 2019 has done very well for himself in the crypto markets, aren't there crypto investors that go back to like 2011 and or before that have their roots in crypto and know an exact strategy and approach to help newer people reach their goals in crypto because they have done it themselves?  Wouldn't they have something more to say to people than, "just buy BTC?".  What would they tell people should be the criteria for their investments?  What coins do you think these early crypto investors are investing in currently as a compliment to BTC & ETH, that they believe will help newer investors meet their present day goals?     
Very long post. It is likely that all your questions can be combined under one simple question. To buy or not to buy. Buy both coins if you have assets. But all this confusing verbiage has nothing to do with investing. There are two options here. That is, the availability of funds and the desire to invest. And don't bother with incomprehensible arguments. Just buy or not, and analyze the rest more


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Huppercase on June 03, 2023, 06:19:13 PM
snip

There is opportunity in every projects and altcoins, they depends on how you use it and when you use it, it is no longer new that Bitcoin is the king of all, people with big resources prefer to put their money in BTC but I will also tell you that there are some people that had the opportunity to earn the same profit bigger investors earned with less capital in altcoins, this is the power of altcoins because when they want to grow, the hype and market cap gives room for wider growth and everyone always have interest especially when there is fomo in the market, do the research that is necessary and buy with money you can afford to lose, you will make moeny from altcoins in the bull run.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: isaac_clarke22 on June 03, 2023, 06:29:05 PM
-large text snip-
Who's this "investing influencer" you're talking about, Winderl?
Surely that "investing influencer" still has something unmentioned aside from the answer s/he gave. I would not keep buying BTC when resources became like a scarce for me. I would not loan or/and sell my land just to invest in crypto. That's too much desperation on my own end and that's like digging myself a hole that I would not be able to get out from.

About those crypto investors back in 2011, surely they would say the same of "just buy and hold BTC". It isn't rocket science. Just invest what you afford to lose and forget about it in around year or two. What coins do I think that these early investors hold in complement of BTC and ETH? Surely it is still Bitcoin. Just from how there was massive waves of scams happening to each trends, I won't even attempt to try in the altcoin side if I was that investor though.

If you don't have a lot of money to spare, it's probably not a good idea to only invest in Bitcoin. Buying Bitcoin can be risky, and if you put all your money into it, you could lose a lot . It's better to spread out your investments and consider other options .Remember to invest only what you can afford to lose.
Depends on where you invest your coin. I would invest in Bitcoin instead of other shitcoins out there if I have less money to be intended for investment. It's not just worth the risk of losing it over something that's obvious that it isn't going to be profitable in the long-term


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: laurenB7742 on June 03, 2023, 07:12:53 PM
If you don't have a lot of money to spare, it's probably not a good idea to only invest in Bitcoin. Buying Bitcoin can be risky, and if you put all your money into it, you could lose a lot . It's better to spread out your investments and consider other options .Remember to invest only what you can afford to lose.
Depends on where you invest your coin. I would invest in Bitcoin instead of other shitcoins out there if I have less money to be intended for investment. It's not just worth the risk of losing it over something that's obvious that it isn't going to be profitable in the long-term

Whatever Bitcoin or Altcoin, when making investment decisions, you should consider your investment goals and risk tolerance. Investment strategies must incorporate diversification and risk management. You know, because of factors such as increased volatility, lower liquidity and limited adoption, altcoins can indeed carry higher risks than Bitcoin. The upside of altcoins, however, is that they can also provide opportunities for growth and higher returns :).

@OP, Keep in mind, you should manage your risk effectively, regardless of what assets you invest in. Whenever making investments in cryptocurrencies, it is always an excellent idea to seek advice from market experts or financial professionals. In order to accomplish this, you can use tradingview or any other website where traders are allowed to freely share their experiences.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: smyslov on June 03, 2023, 08:34:27 PM
It's recommended if you have limited funds or limited resources to buy one coin that has proven its worth in the market and that coin is Bitcoin, I always advance new investors or small investors to only go for Bitcoin as a starter and only add more coins in their portfolio after they had enough funds and already educated on what and how to look for a coin as a good investment, but Bitcoin should be a priority buy.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: DoublerHunter on June 03, 2023, 08:55:57 PM
If you don't have a lot of money to spare, it's probably not a good idea to only invest in Bitcoin. Buying Bitcoin can be risky, and if you put all your money into it, you could lose a lot . It's better to spread out your investments and consider other options .Remember to invest only what you can afford to lose.
^I don't see a risk at all if you have a plan for holding it in the long term, not the short term.
BTC can be highly volatile, and its value can fluctuate significantly over short periods. If you have limited resources and cannot afford to lose the money you invest, you probably want to reconsider the DCA way of buying BTC, it is a strategy where you invest a fixed amount of money at regular intervals, regardless of the asset's price. It can be a useful idea when investing in BTC or any other volatile asset, especially if you have limited resources. I will consider BTC a good investment than the altcoins.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: SUPERSAIAN on June 03, 2023, 09:09:39 PM
Bitcoin has always been the safest investment option for me for many years. But I also like to make different investments, except Bitcoin and Altcoins. NFT, buying and selling physical collectibles are also fun. But bitcoin always comes first for me. As I said, it seems like the right thing to invest in unlimited assets in valuable and limited assets right now, as I said, Bitcoin comes first, so I can say without a doubt.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: nakamura12 on June 03, 2023, 09:38:13 PM
Bitcoin has always been the safest investment option for me for many years. But I also like to make different investments, except Bitcoin and Altcoins. NFT, buying and selling physical collectibles are also fun. But bitcoin always comes first for me. As I said, it seems like the right thing to invest in unlimited assets in valuable and limited assets right now, as I said, Bitcoin comes first, so I can say without a doubt.
Mine as well but investing in Bitcoin is the safest option for me and if I did invest in other crypto like altcoins, meme coin and NFT then I only spend the money I can afford to invest in different crypto if the money I have is limited but even though it is limited, It would be better if I only take some money from the  funds (funds or money that will be used to buy Bitcoin only) to buy or invest in different crypto as said before instead of spending more money.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: bluedeep on June 03, 2023, 10:12:37 PM
Bitcoin is the best coin in crypto. Having Bitcoin is one good investment. Crypto is highly volatile. But the one who leads or who guides the price is Bitcoin. If it goes up then the price of alternative coins will also go up. Therefore, Bitcoin is the safest investment in crypto because the risk is smaller compared to investing in other coins.


Yes Bitcoin is very popular coin in Crypto world. Bitcoin price no person or any cycle can control its price. I think the price of Bitcoin depends on what we trade with Bitcoin every day. But investing in Bitcoin  There is no risk. So we can invest in Bitcoin very easily.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: TastyChillySauce00 on June 03, 2023, 11:53:48 PM
Never think to buy bitcoin if you are having small resources. it's caused by buying bitcoin will give you small profit. How big your profit is actually depends on how much money you have invested. If you are a wise investor and you will never ever pick bitcoin as investment if you known that you have limited resources. Think about that. You must be smart enough before try to invest in the crypto. You will get only small return from there.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Winderl on June 04, 2023, 07:03:38 AM
Hi Issac, thanks for your response.  To answer your questions from Quote 37, I'm not going to reveal his name, because I have respect for him (he's a marine), and I'm not into maligning peoples names.  I'm part of his paid service myself.  It's pretty expensive, and no, he is not giving out any other strategies for investing in crypto period.  No other names, only accumulating Bitcoin.  His service is only for strategies to DCA into Bitcoin at different times like on the weekends and when markets are going down hard in general, so you can establish better avg. prices in Bitcoin over time.  I just think people who have spent a lot of money for his paid service and are painfully aware that they don't have anywhere close to his assets to adopt his same strategy successfully might be better served to shadow the approach of genuine early crypto investors from like 2011 with a proven strategy who know more about the crypto space than he does and are genuinely professionals in their own right.  And while of course these 2011 crypto investors will always hold Bitcoin as their base and everything will always revolve around Bitcoin for them and that won't change.  They pride themselves on having identified disruptive technology like Ethereum early, along with other coins, but they like to hold their knowledge close to their vest.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: EFS on June 04, 2023, 06:46:09 PM
Whenever someone says that Bitcoin has risen too high and they should buy altcoins, show them the dead altcoins and the ever-rising Bitcoin. When you look at the charts in long term, it's pretty obvious what's the right choice. I also think from time to time that Bitcoin is overvalued and other coins have higher profit margins, but when the hype wears off and I see altcoins falling, I realize how solid Bitcoin is again. No altcoin including Ethereum gives me the same confidence in Bitcoin. So don't hesitate to buy Bitcoin even if you have limited resources.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Bolivar_Tony on June 04, 2023, 07:46:36 PM
People have different investment strategy, so which ever that work for you it's fine, many people believe they are already late with bitcoin and looking for other coins that will give them similar return as bitcoin.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: TastyChillySauce00 on June 04, 2023, 11:48:20 PM
People have different investment strategy, so which ever that work for you it's fine, many people believe they are already late with bitcoin and looking for other coins that will give them similar return as bitcoin.

Buying new coin is the only best strategy rather than keep investing in the bitcoin which has been valued very high. Im thinking about if bitcoin will not able to increase like 10x from current price. That makes altcoins has become the best solution to get decent return from your investment.

i don't evne know why people with low amounts of money keep pushing themselves to buy bitcoin.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Rampagoe004 on June 04, 2023, 11:59:14 PM
I believe in Bitcoin but I don't believe they will go up 10 times. Buying Altcoins is a solution for your limited investment but it also comes with risks because nothing is safer than Bitcoin.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Sebas.tian on June 05, 2023, 05:09:55 AM
If you want to achieve these present goals, I will advice you to invest what you can afford to lose in crypto investment because continue investing will not guarantee you that you will become a wealthy investor when you don't create time to know the potential coins to invest at the moment. No matter amount of money you invest in Bitcoin, you will definitely get a good reward if you can exercise patience by hodling like 3 years before you can sell and it will improve your resources in a way you can invest more to achieve more in the future. Don't invest when the price is high in the market than to wait for the price to decrease before you can buy as much you want and hodl for the price to hit higher before you can sell to make income.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: icalical on June 05, 2023, 01:11:04 PM
Short Answer is no, doesn't matter how much your portfolio are, it always better to split it into several coin, though Bitcoin will most likely to sustain and I agree that it's currently the safest crypto investment, I prefer to diversify my investment.


Title: Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources?
Post by: Silberman on June 06, 2023, 05:21:50 AM
I believe in Bitcoin but I don't believe they will go up 10 times. Buying Altcoins is a solution for your limited investment but it also comes with risks because nothing is safer than Bitcoin.
Everything in this world has drawbacks, bitcoin is by far the coin which has the highest likelihood of producing profits during the next bull run, in fact I would go as far to say that it has a 100% chance of doing so, however the profits it can produce are on the small side, if you want higher profits then you have no option but to invest on altcoins, but with tens of thousands of them it is not easy to know which one of them will be the one that gives you the profits you are looking for.