Bitcoin Forum

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

Whilst these are classified as cryptocurrencies, the reality is that the majority of these are actually just tokens, primarily on the Ethereum or Solana Blockchains.

Almost all (99.9%+ based on my opinion) of these are coins or tokens that have no purpose, and provide no value. They are centralised, have often unlimited supply or have been pre-mined with distributions allocated to the owners. The only intention of these projects is to make the creators richer, and take value away from everyone else.

The 1000th cryptocurrency by market capitalisation is GYEN with a market capitalisation of $13.38M according to CoinMarketCap (read more here: https://coinmarketcap.com/all/views/all/). Therefore, these 2.499m remaining coins clearly have any negligible valuation in the market, and should just be considered trash.

Whilst it can be easy to see that a significant portions of these coins are either scams, pump and dumps, or have had their daily volume manipulated to appear like speculative investments, there are still a lot of other coins, even in the top 1000 that you should be cautious of.

Some of the highest market capitalisation alt coins, still do not provide the real world value that their white papers have intended. Whilst yes there may be a few examples of real world use cases using the technology, how many holders of the coin actually use it for its desired functional purpose, rather than just sitting on it and hoping the price increases so they can sell? These are speculators and traders, and not investors. You do not want to hold something which others are primarily speculating on.

Let's also take BNB as an example. A market capitalisation of $86.74 Billion and ranked as the #4 coin overall. It is developed and owned by a private company, Binance. Their objective primarily is profit for their company. Yes the owners have alterior and philosophical plans, but ultimately they need to keep their company profitable. They have offered some technologies, like Binance Smart Chain, and they have their own exchange, but we cannot forget that they MUST turn a profit on their projects as an organisation, and releasing a coin like BNB is to benefit THEIR interests primarily. They can and will change things as they please, you do not want to hold something where the rules can change at any moment.

The same applies to many other top coins even with $100m+ market caps. You must ask yourself when you are investing your money, is the intention of the project to actually make a meaningful difference or change to society, and is it following through in the current day on that objective?

Currently the only option to invest in and hold over the long term is Bitcoin. It is the only truely decentralised cryptocurrency, with a finite supply and being used for its original intention on a regular basis - a storage of wealth that is not impacted by inflation, and the ease of making borderless transactions.

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

You can read more information for

How many cryptocurrencies failed, dead?
How many Bitcoin forks are dead?

Then you will see more risk from altcoins (Bitcoin forks are altcoins too) and make your investment decisions more carefully and have more fear about altcoins, then avoid altcoins for your portfolio in long term.

Dead Coins: Over 50% of Cryptocurrencies Have Failed (https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed)
How many Bitcoin forks are there? (https://forkdrop.io/how-many-bitcoin-forks-are-there)

It’s true that so far no coin was able to do whatever bitcoin has done in our world.

Bitcoin is the pinnacle of crypto and for a long time it will be. However I believe that it still depends on the person whether they want to invest in bitcoin only or want to invest in other coins as well. Yes bitcoin is the best but some people are looking for other features that bitcoin really does not have. Some would also argue that bitcoin is too expensive now.

I think as long as one is making the right choice then they can do anything or invest in anywhere they want.

Yes, there have been thousands of failed, scam and useless altcoins but I don't think we should avoid all altcoins. I have no objection to someone investing only in bitcoin because it is the safest currency on the market. But let me ask, if we only talk about profits, what about altcoins like ETH, Link, Near, Solana...? If I remember correctly, ETH was created in 2013 and it is still growing bigger every day until now, the initial investors in it are making huge profits. Similarly, solana was expected to die when FTX collapsed but look at what it has done over the past year from $13 and it is trading above $140.

I agree that Bitcoin forks are altcoins and the same context from my thread applies, when I say you should only hold Bitcoin, I mean only Bitcoin and nothing else, not including Bitcoin Cash, Bitcoin Gold, BSV or anything else.

Whilst there are metrics out there for dead coins (no market cap or no liquidity for trading), a coin may still be alive and traded regularly, but still I don't think any alt coins should be in someone's portfolio. Alt coins are created to make the owners wealthy primarily, or become highly centralised and governed by organisations with selfish intent. The only one free of this is Bitcoin..

If you talk about utility, then it is unlikely to find altcoins that are useful, however, they are mainly tools for trading, and buying many of them simply means you are gambling with your funds. Everyone does what they want with their money, and a lot of bitcoiners also buy and store altcoins, but i guess it usually makes up the lesser percentage of their crypto portfolio.
I agree with you, so many altcoins cannot survive for the long term, and if you do not sell it quickly, they will become useless in your wallet. BTC is different because it is useful and there is real-world demand for its use cases.

Forget about purpose and intentions. Bitcoin, too, has become guilty of that to a certain extent. Hodling, as a matter of fact, may not be what Bitcoin is for.

As for altcoins, some of them may be good for investment. Of course, you also don't consider their purpose and intentions. Whatever is written on their whitepaper are only there for a show, to make it appear that their project is valid, that it has a reason to succeed. But they aren't for hodling. They're good for quick profit, hit and run strategy. You can't be loyal to an altcoin.

For special elections, it is true, BTC is safest to invest in and indirectly in terms of the most similar price if we look at it, but for other than bitcoin, each exchange sometimes has price differences, although not far away.

Well, I agree if you relate many glaring weaknesses such as the potential for centralization and its speculative nature to altcoins but outside there are still many investors who are also focused, placing high hopes on altcoins because there is an assumption that it still has promising potential and growth.

I don't quite agree with you here, although I was having the same thoughts that BTC is the only one that we should keep in our holding because there is almost no risk of getting scammed in this coin as we know it have potential and it can last longer and in order to save our funds for longer period of time I will definitely chose BTC over any other coin even if BTC is not going to give me high gaines while other alts will definitely do.

But still alts have there own place we should not say every alt maker or developer made an altcoin to make profit while we are also holding our funds in BTC to make profits, making profit is not a bad thing for other and good for us, its good for everyone. I hope you got my point. And secondly, there is high risk of failure of a alt token, but not every developer made an alt to make profit, many are solving real world problem, like matic, bnb and some other as they allowed integration of thousands of dapps and other relevant project onto themselves which helped many newbies to make millions.

The market capitalization is manipulated as some platforms report false trading volumes to make the platform appear larger or have more liquidity, but the real investments and real market capacities for most altcoins are less than 10% of what is reported in the CMC.
The best investors will remember the names of 100 cryptocurrencies, and those who can invest may invest in 30, but most of the remaining cryptocurrencies have no future, an independent wallet, plans for future development, or an active developer team github show that most of them are not developed on a monthly basis.

It is deflationary and that's why you're saying that it is not impacted by inflation. But I'd say that it's still being affected by world events and news.

But the good thing about its nature is that it recovers quickly. Its resiliency makes it unique from the other assets and investments that's been known by most and even better compared to altcoins.

Trust-wise, there is no doubt that Bitcoin is probably the only cryptocurrency that you can trust for the long term, however, we can't deny the fact that some altcoins have been around for a very long and they have been performing up to the expectations of the market, take ETH as an example. ETH has always been side-by-side with Bitcoin in all market conditions, I know the project had its ups and downs, but at the end of the day, it has never deceived its investors even in the long run.

So to be honest, I wouldn't mind making some investment in cryptocurrencies such as ETH that I know have been around for many years already and have had no problems at all, I know it can be risky because it's an alternative coin at the end of the day, but what's the fun if you are just playing around with a single cryptocurrency and that is Bitcoin? Diversification is a fun and profitable thing.

I'm only ever interested in holding bitcoin long-term, but if I see a certain altcoin is promising in terms of its trading capabilities and the hype surrounding it, I won't mind riding it for profit and not for long-term. There are pro-bitcoin people out there that are also riding altcoin markets in order to increase their bitcoin stash, and I see nothing wrong with it. If it's something that people think can make them increase their hold in the bitcoin game, then that's respectable and understandable.

If you are holding only bitcoins, then the goal for you is to put in some more money in it and watch your holdings grow in value over time. But if you're like me who's also looking to be more 'involved' in the trading action all the while not wanting to use bitcoin, flipping altcoins can be a good alternative, just watch which coins will you be trading.

Bitcoin is the safest investment choice compared to altcoins no doubt but most people still earn profit with altcoin project. This is not so necessary cause altcoins can be unpredictable so fear of missing out and fear of the unknown is basically not heathy for investors mostly newly investors besides we are dealing with money so we should not risk our investment carelessly. Altcoins project mostly newly projects are known for scam, pump and dumb but not all project so the big question here is how can an investor differentiate between a scam project and a genuine project, all this can actually discourage the investment process. I believe why everyone will go for bitcoin is bitcoin don't act like other coins secondly bitcoin has proven so many times as a trusted investment. The least negative information you can hear an investor mention concerning bitcoin is just about scam and being a victim compared to altcoin project cause sometimes the community are aware they're creating a false project but they do this for gain but let's note bitcoin investment is for the long run

I have to disagree on the used for regular basis, I believe altcoins like Doge and Litecoin are more popular for daily usage. Whenever Bitcoin fees went high, the number of transactions in Doge and Litecoin increase too, while Lightning Network is relatively stable.

But of course Bitcoin is only one coin that need to be hold for long term, at least if cryptocurrencies is failed, Bitcoin will be the last coin that stand after all other coins become worthless.

I also agree with you, I will not deny that bitcoin was originally created to be a peer-to-peer currency that would make us independent of 3rd parties. But look at what's going on, we all just use bitcoin to make profit so saying that altcoin projects are created just for profit is bad, this is too biased towards bitcoin.

Regarding choosing to invest in bitcoin or altcoin, I think our investment purpose is to make profits, so if there is a better opportunity than bitcoin, there is no reason to ignore it.

But I also need to remind you not to put too much faith in what altcoins advertise. We are still in the early stages of the cryptocurrency revolution and everything is experimental, it is hard to say that top projects will not fail. We should still be careful when investing whether it is bitcoin or altcoin. So far, other than being mainly used for investment and speculation, I haven't really seen any practical applications of cryptocurrencies.

While you have mentioned some great points I can guarantee that diversification of your crypto portfolio or just investment portfolio holds some of its own advantages. Such as having reduce your risks. If one coin is not doing well you can expect to still gain profit from the other. Bitcoin is not always stable and is constantly fluctuating. So it’s good to explore what else is in the horizon but if you feel safe enough in just investing in one coin the be my guest.

The big boys have already spoken what they will mess around with.

Bitcoin
Eth
Bitcoin cash
ltc

https://www.coindesk.com/business/2023/08/22/crypto-exchange-edx-market-taps-anchorage-as-custody-provider/

Sure you can dick around with alt stuff. Lot's of fluff and fomo and one could lose allot quickly.

Great risk and reap rewards but history shines poorly on it.

Edit: Having multiple coins/tokens is NOT diversification or a protection move. Having Shell, Exxon and BP in your portfolio is not diversification, it must be another sector

I think you should be more allocated in Bitcoin than any other asset but to say you should only hold Bitcoin is possibly not right. If people feel more comfortable holding say 80% of their net worth in Bitcoin & 20% spread across real estate & other assets then that’s fine. I certainly would not advise holding a small allocation of Bitcoin.

Diversification to minimize risk is only effective when you invest in non-crypto assets, if you invest in altcoins and think it helps you minimize risk then it is a big mistake. The entire cryptocurrency market is still dominated by bitcoin, once bitcoin declines, no altcoin will be able to grow well. Like the current situation, do you see any altcoins giving you profits now that bitcoin is correcting?

I also invest in altcoins and I don't like the rigid idea of only investing in bitcoin and ignoring many potential altcoins. But the purpose of altcoin investment is to seek high profits, not to minimize risk because once bitcoin has problems, the rest will also follow.

Bitcoin is the safest long term bet overall.  And for Holding, Bitcoin is definitely top tier.

Unfortunately other Cryptocurrencies seem to be on the rise of usage considering the amount of bottlenecks the Mempool of Bitcoin experiences every so often nowadays.  Until that problem is solved, I believe we will continue to see people trying out alternatives too.  As much as I hate DOGE, I have seen a lot of the people who solely used Bitcoin try it out in the last one to two years and I have even seen them recommend it for quick and cheap transfers.

Now about the Ethereum Tokens.  Any body can make one, I believe there are even tools to create your own for free.  This is why there are millions, and particularly a lot of Scam attempts.  There are probably millions of Bitcoin copies out there too, but they do not appear any where on a centralized data base of sorts.  There are tutorials on the Internet for creating your own copy of Bitcoin in MINUTES.  After all.  This is why Open Source is amazing.  Any body can create any thing and get support for it too from others who think alike.  But it is also one of the caveats of Open Source.  Any body ill minded can try to do harm too.

I would still suggest holding Bitcoin however.  DOGE may be cheap and quick.  But it is likely not as secure and its price is WAY too volatile for my liking.  Even Bitcoin is volatile.  But hell, DOGE is on a whole other level.

I disagree with your opinion here, I don’t see investing in other coins aside bitcoin as diversification of one’s portfolio. My reason is when you talk of diversification you look for another assets that doesn’t have connection with the other one, the Market movement doesn’t correlate with each other. Now look at bitcoin and other Altcoins, tell me a coin that doesn’t move in accordance with bitcoin movement? None, the only difference is they are more volatile than bitcoin, they move higher than it and go lower than it during bearish periods. This to be isn’t diversification but rather you gambling to maximize profits. Do you tell me that should bitcoin hit the dust today any coin will survive the fall?

If you truly don't want to risk wasting your time and money, then Bitcoin should be the first investment coin to go for in cryptocurrency, some of the newbies make this serious mistake because they were not given the opportunity of knowing this before they went far ahead on making investments on shitcoins they know nothing about, and at the end, the loose their investments and the coins either failed or turned to scam.

True, nowadays users are trading any projects that are listed in the market even though most of these have no fundamental basis still they're running in the market and the reason is we users support them. I often prefer to trade in low-cap gems and projects that have strong fundamental bases and multiple utilities such as BGB, MATIC, and BNB although eager to trade in newly listed projects during their early listing in exchanges. Last time gained some profit from a few memes like BOME, PENG, TOAD, and BENDOG that are listed in major exchanges like Bitget, Binance, Kucoin etc.

Bitcoin is the only currency that can be dependably invested. Investing in unique coins like that involves a lot of risk, but even if there is risk in Bitcoin investment, it seems to be much less risky. We have seen the market rise after the Bitcoin ETF was approved. Bitcoin started to grow with Bitcoin but unique coins could not grow in the same way. It is the only currency whose value does not depend on any other currency. Bitcoin always depends on its own momentum Bitcoin never depends on other coins. Bitcoin is at the forefront of popularity and uniqueness Bitcoin's popularity is increasing as time goes on. The number of investors in the position that Bitcoin is currently in will increase even more as we have completed the Bitcoin Halving and are starting to prepare for the bull market.

OP, you should look at the fact that that diversity also brings opportunities for all of us, if we assume everyone only invests in Bitcoin then the current market will be hard to talk about opportunities. And our purposes here are not the same, just as life is not the same, looking for opportunities in any field will be competitive, we witness the same winners in life. There will be losers. So nature is natural and when we absorb enough to find satisfaction, it leads to "gratitude"..., so at this stage, personal perspective only contributes to describing a small part of everything, so there is nothing perfect for this stage, like we still hear somewhere there are millionaires who got rich thanks to bitcoin, and also people who got rich very quickly from participating ICO, IDO, IEO, memes,....

The thing is that bitcoin has been giving out amazing returns since the beginning.
Since it's the first cryptocurrency and has been on the top rank since inception, people have developed a strong trust on it.
This is the reason why there are a lot of strong holders holding bitcoin.
But then again, it does not mean that we shouldn't diversify our portfolio. We should keep investing in promising altcoins.
We should actively track our portfolio and keep rotating our money in valuable assets.

If we're talking only about trust, then yes, I totally agree with you. But let's not forget that we also like to money so regarding that, I think there are coins and tokens with more potential growth compared to bitcoin, that already has a very big market cap, so it required a huge amount of money injection in bitcoin to make a 2x or 3x while some altcoins can easily make a 10x.

Valuable asset like Altcoin, lol. If you're still in the early stage of accumulation I don't see any need diversifying your portfolio with altcoins. In as much as diversifying is good, you can invest in Real Estate,  and other promising and profitable physical assets.

Rotating money with altcoins is simply you accepting a death sentence, am not saying it's all bad but as far as you haven't accumulated much of bitcoin or have a solid portfolio no need to mix it up with shitcoins, invest in a tested and proven asset not some made up coins used for profit making without any foundation. It more or less gambling because you can't assure the state of those altcoins and the best advice I can give is if you have made some profits don't wait, use it.
At last everyone will learn.

With the idea that Bitcoin is too expensive, no one's required to invest in 1 Bitcoin in an instant. You can partially purchase an amount under your risk tolerance. You'd still gain profit as long as the market price of Bitcoin is increasing. Skies the limit I guess for its market value given that there is a limited supply however, this blockchain will also need continuous increase with the demand. And if it won't be achieved, then same thing goes with its market price, basically.
If it is potential then that would go with Bitcoin above any coin in the market. However, altcoins are also having its own potential to be profitable, and there's no doubt with it. Comparison is needless; an investor may freely diversify his/her portfolio to different projects of his/her choice. It would be fine investing into Bitcoin alone but if there will be an opportunity for other coins of this industry, then I cannot see any reason why you shouldn't consider investing on those coins as well.

The name cryptocurrency that is used as a compound name for all crypto projects is somehow a dent on the reputation of Bitcoin, because if a newbie and any other inexperienced person is lured into buying a scam project, when the reality downs on them, they'll categorically call cryptocurrency a scam, including Bitcoin. So Bitcoin, also takes a fall for all the whole shitcoins that are in the crypto market, that is one of the reasons why ignorant people are still thinking that Bitcoin is a scam, and this is affecting it's speedy adoption worldwide. Bitcoin is the most trusted cryptocurrency, because it has proven that it's a store of value, at the same time I wouldn't call every altcoin a trash, top altcoins that have proven their reputations can also be trusted.

Most crypto projects were just created as an MLM scheme to make money for their creators, you would find a lot of unless meme coins that are dead and while they were still in their launching phase they disguised as tho there held any promise. But at the same time you would find many that has profited from this meme coins despite having no real utility and that huge profits they offer still attracts a lot of persons to them and they would eventually fall to other scam projects if there are not careful.

There are many people who are new to cryptocurrency who wonder what is cryptocurrency or what is bitcoin. They have no clear idea about what is the difference between them. They even consider Bitcoin or Altcoins almost the same. But the reality is that Bitcoin is not an altcoin and there is a big gap between them.

I just wanted to point out a small difference that I think might make the point clearer. Bitcoin is the earliest and oldest currency in the cryptocurrency world. It is completely anonymous. Bitcoin will certainly cross its previous all-time high every time in a bullish movement but not all altcoins can ever do such a thing. Moreover, scams of altcoins are not new. Any time it can turn into a scam scheme.

Bitcoin's halving occurs every four years, where miners' rewards decrease, causing the price of Bitcoin to rise. But there's nothing to say when this big price change will happen. Those who will patiently try to increase their holdings until that moment will certainly be able to profit by holding Bitcoin.

If in the end it is indeed when talking about comfort and confidence that this will be profitable for the long term then surely bitcoin is the right place but on the other hand everyone's thinking will be different because with the existence of altcoins or memecoins as an option now believe it or not that one of the conditions and egos in themselves who want fast profits in a short time they will always see it as an option under the pretext of being verified.

In fact, if we explore further in terms of risk management, it is certain that it will be much greater because after all, altcoins or memecoins and other junk projects always follow bitcoin in their development even if bitcoin experiences a correction, they will feel a much greater impact than that until not a few end up with their coins being dead. But because the ego wants to get a quick profit that's the biggest risk they do which in the end not a few of those who are in altcoin or memecoin end up with regret.

Is obvious that bitcoin is the most reliable and profiting coin in terms of making Long term investment, the reason why most investors prefer holding bitcoin is because, they know that Bitcoin has a better future, that is why a lot of people keep holding bitcoin. However I think nobody will like to be in the losing side, everybody will always want to go into something that will bring profit in the future. you can't keep holding coin that will not do well in the future,  that is why most investors has chosen to hold bitcoin because is the most profiting coin in terms of investment.

There is only one truth

if bitcoin if true, then all other coins based on proof of work are false

proof of work = bitcoin, there's no other

Yeah, and that's why you will find that most users here are Bitcoin maximalist.

Maybe you can dwell on some altcoins in the beginning and see that hmm, they give us good profits. But it's not going to be sustainable at least for the long term as majority of them are pump-and-dump. Or least look at the latest hype, Runes, yeah it did affected the market and the mempool was congested.

But after the hype died down, everything is almost normal again and Bitcoin standing at the top of the food chain.

There is no other coin that can be trustworthy as bitcoin. Don’t be fooled with altcoins and be deceived with its too good to be true offers and opportunities. Instead, stick to bitcoin and go for long term hodling if your goal is to maximize your profits in the near future. Know that bitcoin always defeat other crypto coins when it comes to its utility case and profitability. But still, make an extensive research prior to bitcoin investing so you will be aware of its risks and won’t make wrong decisions throughout the process.

If "you do not want to hold something which others are primarily speculating on" I don't understand why you're holding Bitcoin because it's actually a highly speculated asset and its current price has nothing to do with its current use and value. You are also wrong when you say it's used for its original intention ie a storage of wealth that is not impacted by inflation. Bitcoin hasn't been designed for that purpose actually, it's just a maximalist narrative trying to find it a new plausible use case. But Satoshi Nakomoto initially designed it for just being a Peer-to-Peer Electronic Cash System, not a store of wealth.
Unfortunately it's currently no longer able to manage to fulfill its mission, as its transaction fees are too expensive and its speed is too slow.

Hmm, exactly that's the fact OP!

That's why Bitcoin is one of the most remarkable coins in terms of trust. Apart from Bitcoin, we don't consider any coin as trustworthy as Bitcoin because of his strong stance in privacy. All over the world people consider Bitcoin an asset of profit because of its high value as well as its store of value. So, according to my theory, people trust Bitcoin more because its use case is based on a unique concept and also on market capital. And for this reason those who don't have Bitcoin are crazy to take Bitcion, the boredom is rising day by day.

Ethereum was conceived in 2013 (https://en.m.wikipedia.org/wiki/Ethereum) like a white paper was described and it was later named Etherum at the North American Bitcoin Conference in Miami in January 2014 and the initial network release was made on July 30, 2015, that is, it was officially released in 2015. was to ETH.

And now ETH is the most capital-intensive coin below Bitcoin although it is an altcoin.

I'm more focused on the profits I'll have from the project, because this is mainly one of the key investment for crypto traders and whales in the market. Bitcoin is for the future, we can only enjoyed the fulltime we've good entries on the project. Bitcoin have been promising and they've been the top project in the market. We understand how its filled with volatility but it doesn't pull any atom of fear because we have investors that are willingly to take bold steps in the market.

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.

You mention Finite for bitcoin, which is read or represented at most, but is actually 21 million :)

bitcoin, like any investment or possession of value, the third-party approach does not matter, which serves very well to guide doubts or discard, because at the end of everything it is your decision.

Bitcoin is a community that is supported by trust before anything else, so every new user, regardless of the amount of Satoshi they own, must trust.

Everything else in the crypto ecosystem can exist or coexist with bitcoin, and people decide what to trust, and then what to invest in, it's that simple.

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.
 

Yes, Bitcoin is the best coin to hold for the long term. If someone wants to invest in cryptocurrency with risk then he should choose Bitcoin first. But if you have enough money then you can invest in some of the top altcoins in the market along with investing in Bitcoin. Currently seen some people who invest in altcoins for more profit, investing in altcoins will give more profit but more risk. Investing in Bitcoin gives low profit but the risk is very low, but in long term investment in Bitcoin can definitely earn you a lot of profit.

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.

Bitcoin is indeed the best for investing in crypto. Although many people invest in altcoins, they should have Bitcoin as their primary investment and continue to try to accumulate more Bitcoin. Altcoins can provide benefits, but we have to find the right altcoin, which is not easy. Altcoins can also be used as investments but are only short- and medium-term investments. Once we profit from some coins, we can sell them at a high price and look for other altcoins. At least, that's what people can use to profit from altcoins while still keeping Bitcoin as their primary investment.

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.

When I came into this space in January 2017, there were just about 750 of them. I took note of that because it was one of the things I used to gauge the industry then to see how lucrative it could be. I didn't realize it has grown this far already. 2.52 million cryptocurrencies; that's a huge number.

Take it or leave it, every business exists to enrich itself (through profit making), I ain't talking of the scam ones among them. So, what CZ Binance does with his BNB isn't an abnormality. We can't say Binance, the exchange, hasn't energized this industry through its innovations. It has, of course, and in some ways has created new openings for businesses and projects to flow well.

Well, we can also say ETH is good too. The major thing dragging its growth back is its throat cutting gas fee.

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.

Some altcoins are more profitable than Bitcoin and their success is huge than Bitcoin but you should also not forget that they are not more trustworthy than Bitcoin therefore people often choose Bitcoin as they don't want to put their money at risk and lose their trust plus money.

Altcoins are many therefore you have to completely concentrate on trustworthy coins and among thousands of altcoins it becomes difficult to choose the right coins therefore choose either Bitcoin or top altcoins which will provide you slower profit but that will be sure.

There is no doubt that certain low price altcoins make you able to give you huge profit but that is not guaranteed always and you have to dive into such risky investment if you want to get huge profit faster.

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.

---

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.

---

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.

This is only partly true. BTC operates on a trustless system, it is open source and anyone can verify everything about it, the users also control their funds, and they can also run their node and verify everything themselves locally. My point is that you do not have to trust anyone to use BTC, it is in centralized networks and custodial services that users need to trust the central authority that is in control.

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.

Most of them are pump and dump then after we see those 1000% up or more which people want to see for sure those huge dumps will follow and those coins will usually get a hard time to recover. That's the risk of acquiring those alts especially if we got FOMO since for sure with that we will became their bag holder. That's why if they want to focus on long term holding then they should never look at those altcoins especially those new since the only thing they can get is to be scammed. If they go directly with bitcoin for sure that there's a good destination with their money and effort spent since bitcoin always prove that good profits are always given to those people who have good patience to invest their bitcoin for many years.

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.

Yes it’s personal preference that matters at the end of the day. What you think to be appropriate may be what I strongly detest. Some people prefer to make money from altcoins and even memecoins despite the risks involved. Meanwhile there are people who prefer to take their chances with Bitcoin. Also, Preference is what determines how they’ll manage the risk. Someone may want to invest more in one thing than the other even if it was riskier, but it just sits right in their head.

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.

Many forum members are responding to this thread sharing that as Bitcoin is already so large in market capitalisation, they are more likely to get a 100x or higher return by "investing" into altcoins, which is why they are "holding" it in their portfolio. I have a few challenges to this argument.

The first is that, you are not actually "investing". You are simply speculating that the price of an altcoin in its fiat value will increase so you can sell it. This is not investing, this is gambling, trading, or speculating. The second is, you are not actually "holding" it when you say you are. You are intending to sell it for profit, not hold onto it indefinitely. My topic of discussion here is that Bitcoin is the only coin you should legitimately hold indefinitely. There is no intention to sell it at any fiat price conversion.

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.

Also wonder why indefinite  time to hold since at first place we aim to get a profit from this investment and we should know when we sell also the target year we plan to execute that since if those investors doesn't have good plans on their holdings then provably they might fail.

Although I understand that its so good to hodl bitcoin but we should do a research to do something useful or have knowledge so no other thing can cut off our plans and we can stick until we reach those specific year then sell.
The asset you mention is good but for sure they would ignore that since what they know is they can earn a lot of money on bitcoin especially if they keep hodling since this is what has been said to them.

Hold for profit, not hold to die or hold to make it as inheritance for someone else.

Investment is tied with profit as a biggest purpose, and if as an investor, you say you don't care about profit, it's untrue. I agree with your counter back to that opinion, an investor must have clear strategy for investment.

Capital management, risk management and reserved money for things beyond investment. Then it will be easier to hold, but hold for chances to take profit, not hold forever.

DCA for purchases and DCA for taking profit are good idea.

Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you (https://bitcointalk.org/index.php?topic=5483225.0)

Hmm that's true but I don't understand this mindset. It is understandable for someone to keep holding their assets if they haven't bought them to gain profit with them, but if someone has bought an asset so that they can get some profit from it once it goes up, then it doesn't make sense to keep holding it when they are getting good profits from it even when they know they will get more opportunities for buying at a lower price in the future.

If someone is getting enough profits and they know that the market can start crashing very soon, they shouldn't hold in such situations. They should sell their assets, use some of it if they need and hold the rest of the liquid assets so that they can buy again when the market goes down because we know that Bitcoin moves in a cycle and if there is a bull run, there will be a bear run as well.

You said a lot of paragraph but to me, you didn't say anything because holding Bitcoin isn't just all that, people hold Bitcoin because it's less risky when you look at it with other altcoins and it's mor more secure but you are saying another validations. People buy Bitcoin because it doesn't depend on other coins decisions but on its own, rest assure that if you hold Bitcoin in a year after halving you are likely to get a return under standard condition of markets.

However, altcoins are very risky, you are likely to lost your money invested if you are not proactive in your research and you might get scam aside from looking at what the market altcoin does. People don't feel safe when it comes to other coins but Bitcoin win this in every aspect which is why it remained the best coin over the years cryptocurrency has been in existence.

Investment is a personal decision and choice which one has been make a personal research, which Bitcoin is the best Coin among other alt-coins and keep increasing in every four years of Bitcoin halving has already taken place. Therefore investing only Bitcoin is not too Smart. Because they're already established alt-coins in the cryptocurrency marketplace, that has been stabilize in the difference strong exchange market.

Only a maximalist will do this. Holding Bitcoin, and Bitcoin only? Only they can do that.
As for most of us here, we might've a huge allocation on Bitcoin, but we aren't holding Bitcoin alone instead, we are holding some altcoins as well for profit.

You don't trust those top altcoins? You only trust Bitcoin because it's the top cryptocurrency, or because it's decentralized or whatever. I don't think that's a good argument to start with. I will not say a specific altcoin, but I don't think that not trusting them at all is good because after all, we need to diversify at least our portfolio to increase our earnings. At the end of the day, we including Bitcoin will all be sold for profits. Some altcoins can be a good long term hold as well especially those top coins.

Don't fantasize Bitcoin and tell here that it's the only coin that we can trust. Well there might be some here who only focuses on Bitcoin, and telling to other people to only buy Bitcoin just like what OP is doing, but we have different strategies in investing, and buying Bitcoin as well as altcoins is what works for me. :)

While I believe that Bitcoin should be a necessary part of any investment portfolio, I can’t agree that it should be your exclusive investment. Historically speaking diversified investors have always had more success and staying power than those who put all their eggs in one basket. While I believe in Bitcoin, I’m not mad at anyone who wants to diversify their digital investment portfolio.

You know it’s actually your own choice if you stick to bitcoin or diversify your investments. But if you are still a beginner, sticking to bitcoin will create more guarantees that you will end up with bigger profits most especially if you hold it for quite long years. Unlike if you risk your funds into altcoins, there will be more risks and pressure with these type of coins since they are just a pump and dump scheme, and you might only end up losing all your capital before you see your real profits in the process.

However, if you are talking investing in different assets like stocks or real estate, well I think it would be a good idea but as for me, I will only invest in them after having extra profits from bitcoin.

I have read many informative opinions from various people on this topic. I understand people love Bitcoin over any other alternative cryptocurrencies and this is absolutely fine.
Bitcoin is a store value and in my opinion, as well Bitcoin is like the USD of the global crypto industry if you try to see in that perspective.

Now, does holding Bitcoin only would help you? Is it a wise choice/decision? Well, this is also a matter of perception but whatever I have learned, one should not put all his capital in one asset. I know there are now multiple cryptos or tokens as per the OP, floating around but out of them there are few that will make it big like Bitcoin. To find this, take nobody's help because life is uncertain and unpredictable.
There is only one thing, just research. Don't read anyone else's research as this world is manipulative.

Holding Bitcoin or any other crypto that is highly volatile for the long term might be a mistake because of liquidity issues and FOMO effect.

Liquidity issue: You require some money and want to encash Bitcoin for some fiat but the market is falling. There is a possibility that you may not find a buyer because buyers will expect it to fall more and then they will buy.

FOMO issue: Whenever the price is falling and we sell it at a lower cost than the ATH(all-time high), most of the people will have this feeling, that the price might have gone up if I could hold it for a few more months maybe.

I would like to conclude by saying, just think, and research on your own. Don't hold on to any crypto for too long unless you don't care about the capital (this is a psychology BTW) and invest in other cryptos and any other blockchain products if your research says it has potential. Trust it.

Exactly, because it's not wise to ignore the success of other cryptocurrencies just because you believe Bitcoin is the best. It is the best, no one is denying that, but it doesn't mean you should invest everything you have in it. There are hundreds of opportunities out there, and if you are in it for the profits, you need to explore those opportunities instead of being stubborn and thinking that you wouldn't invest in any other asset except Bitcoin because it is the best.

Just like you said, people who diversify their portfolios tend to earn more profit at the end because despite the fact that Bitcoin provides good returns, there are altcoins that can generate better returns than it because they have lower values which means more potential for them to gain higher values in the future.

That is the issue, "if you are in it for the profits". Exploring alt coins as part of your long term holdings is still gambling and speculating that hopefully you'll hit big or significantly multiple what you've put in. Holding Bitcoin is a long term storage of wealth, and I believe Bitcoin is the only digital currency which will challenge the entire fiat monetary system altogether.

It is gambling if we choose hyped projects and shitcoins but if we are just about to invest in ETH, I don't think is a waste of time and money. Of course, it is a different assurance when choosing Bitcoin as we know that it is more profitable long-term and the belief that it will stay valuable many years from now. As we expect more adaptions, the more it gives us confidence that its price continue to increase as the demand keeps on rising as well. There are regrets in holding this is the thing we should understand rather than get into FOMO and panic when there are FUDs and market decline. 

Yes there's no hate in it. But if you compare Bitcoin to other Altcoins now especially on new ones, it is safer to put your money now in Bitcoin, especially in some sort of market correction after creating a new ATH. That if price rally again leaded by BTC, risk will get lower and then that's a signal to diversify since more Altcoins will follow Bitcoin price action. That is for me, you keep your money and asset flowing so it may generate more money by value appreciating overtime.

I agree with OP and this is how I usually describe things to people who tell me they should own altcoins because they're cheaper and have more potential to grow. I tell them that owning bitcoin may feel like something risky but owning altcoins is adding on top of that risk because altcoins react to problems of bitcoin and the whole cryptocurrency ecosystem, but their price also reacts to their own problems, problems of their inventors and even people who advertise them. There's no reason to add risk on top of risk.

And which is why Bitcoin remains the best and only asset/cryptocurrency suitable for long term investment, whereby it's investor could have rest of mind for fund security, unlike the rest altcoins which if you are unlucky likely to fall victim to scam project and lose all your money. Because just as we just crossed the 4th halve of Bitcoin, there is a every tendency it's price likely to skyrocket higher any moment from now, which is why this period is the best opportunity for people to accumulate as much Bitcoin as they can, because if it's price goes up, it will be difficult to accumulate as much as you will be privilege to accumulate now, as it has been predicted that the price of Bitcoin will likely hit $100k to $150k before the end of this year 2024.

As a bitcoiner , you must have experienced or read about other cryptocurrency which difference are very clear like having a
Low cost fees,during transaction  the charges are very small which makes it easier and comfortable for it's users compared to other cryptocurrency .
Also it's Trading fees are low which makes more forex trader accept it and also want to hold unto bitcoin , it gives users more privileges during inflation and protects them from currency devaluation .
The security of Bitcoin is protected and secured by crypto graphy.their network can't be tempered by any one, their private keys , funds and transactions are secured except you tell any one, because of your carelessness , your funds and transactions are safe and it's decentralization method. Bitcoin investment is real, investing and holding bitcoin secures your future generations and remove them from lack of cash and poverty.

Bitcoin's popularity among all the altcoins is continuously increasing due to popular demand and you also have a scenario where its price remains on top despite all ugly accusations against by its enemies including banks and other sectors that get affected when Bitcoin emerges. Of all the cryptocurrencies currently available right now, Bitcoin is the only secured investment opportunity that you could keep in your crypto wallet without worrying about any prevention to withdraw it like your ATM card or being manipulated by its creators like ETH, BNB, and any other altcoins out there.

You don't join this market for profit because what are you here for? In addition, whether long-term or short-term investment depends on the project, no one is stupid to invest long-term in high-risk projects. We enter this market to make money, not to prove who is right or wrong and in my opinion, as long as whoever makes more profit is the winner.

By the way, you should give up the illusion that bitcoin will challenge the monetary system, I don't even see anyone mentioning it as a currency, people just consider it as an asset, an investment. Frankly, bitcoin's path to becoming a currency was doomed from the start.

There is risk in trading altcoins, of course, but there are potential profits attached to that risk as well and that is what most traders strive for. So even though it's true that Bitcoin contains the lowest amount of risks when it comes to making investments in this industry, diversification can be a good thing in times because a lot of altcoins tend to have a higher growth level when compared to Bitcoin. After all, their prices are way lower than it so an investment of $1m in an altcoin would make it gain a higher value compared to an investment of $1m in Bitcoin.

This is why it is always good to at least have a few altcoins in your portfolio. I don't say one should invest in a lot of altcoins because I'm also not a fan of over-diversification, but I'd say that investing in Bitcoin alone would give you profits but having a diversified portfolio can perform better in times.

There are several reasons why we should hold Bitcoin only, Bitcoin is very trusted amd reliable I know that this has been said countless times yea, but we won't stop saying it, Bitcoin is one of a kind when it comes to the world of digital asset, though the percentage of bitcoin in terms of profit is sufficient in a short term holding, that's why it is advisable for everyone to tightly hold for a longer term, bitcoin has considered the world of coin and place itself high above any fiat currency and digital currency respectively, we can go on and on to virtualize the benefit of holding Bitcoin, i wont doubt the fact that people had benefited in altcoin too but Bitcoin remains the major coin to hold.

Yes, Bitcoin is a coin with a lot of trust and if you invest here, there is a possibility of loss, but there is no fear of being scammed, and there is also the possibility of getting huge profits, so these can be strong enough reasons to want to invest in Bitcoin. In the crypto era only Bitcoin can be fully trusted and invested in with confidence. Because of this, many are not hesitating to invest in Bitcoin even after selling their other valuable assets

Regardless of all the great reasons why someone should be Bitcoin only, I think it is a bit irresponsible to have all of your eggs in one basket.  Bitcoin isn't bulletproof (it's not a Cybertruck) and someone could figure out an exploit tomorrow that makes Bitcoin worthless overnight.  I actually think it is even a bit irresponsible for someone to have all their savings in a single asset.  That being said, it certainly happens quite frequently.  Real estate investors for example tend to have all their value in real estate and even leverage it with loans.  Many lost everything in 2008.  If something like that happens in crypto, don't be the guy who went from being a millionaire to eating at a soup kitchen.  Diversify.  It is important for more reasons than just the best possible return.

I absolutely agree that Bitcoin is scam free, Bitcoin is know and has only one logo no matter how people manipulate the logo and whatever it is still Bitcoin we know but in other coins different coin with different logo and speculations of being better than the other, this is where scam come in, yea the major reason people take the decision of investing in Bitcoin after selling their meaningful assets is because of the fact that Bitcoin is inflation free, there are individuals that understand this,  so what they do is to keep investing not minding the price at that time knowing fully well that in time coming they will definitely get their profit in quantum depending on the amount they invested, in nutshell, Bitcoin remains the best coin.

I have not seen anyone say that bitcoin is not the best currency on the market, nor have I seen anyone say that bitcoin is not worth investing in. This is obvious, why do we keep repeating this? Also, bitcoin is the best but that doesn't mean we have to focus only on it. Just like when comparing bitcoin with gold or real estate, bitcoin is not the best but why doesn't anyone encourage investing in gold or real estate?
It all depends on each person's preferences. If you like safety, top assets like bitcoin, gold...are the choice. If you want to take risks for greater rewards, altcoins are the choice. Don't try to impose your thoughts on others and hate them just because they don't think like you.

I agree with your opinion, investment definitely depends on one's personal preferences and skill of that person. If his analysis skills are good then he will never invest only in Bitcoin, he will choose different altcoins for short-term investment. It is not correct that all altcoins are bad or scam. Apart from investment in Bitcoin, a large marketcap in cryptocurrencies is occupied by altcoins. But bitcoin is the best for those who don't have enough knowledge to analysis.

Yeah Altcoins has huge potentials really I am personally into Altcoins right now because I can buy some of them with my smaller funds but my plan is that all my profits in Altcoins will surely be converted to Bitcoin. I can't buy some Bitcoins with my small fiat money but I can do that on Altcoins I am into quantity right now because I can't do that with Bitcoin.

What do you mean, all of us here who persist in holding bitcoin here have no knowledge? just buy and wait for the price to shoot up?
Bitcoin holders go even further than just analyzing, there is a lot that can be taken into account here. In fact, for bitcoin investors who really analyze in depth, there is no longer any place in their portfolio for altcoins. In fact, the analysis they make is very in-depth beyond the analysis of altcoins.

Bitcoin is the best coin to buy and invest in for the long term that will minimize your risk without losing enough money. Most people like taking risks to get huge profits, which is why you will see many people buying another coin to get big profits if he favors them. It will be very hard to see investors focusing on one aspect and rotating in different coins that they see as profitable, but you can trust the coin more than Bitcoin because anytime the coin decrease, he will be very hard to raise again to get your capital back and profit. but if is Bitcoin he will minimise your risk he won't just drops down too much he will just a few that you won't lose money to much on it.

I used to tell some people who are scared of crypto investment that they should just invest in bitcoin because it is the only coin that doesn't disappoint like other coins. If you can be patient and invest in bitcoin for the long term, even if you lose, you will probably get your capital back if you don't try to sell them as lose because he will raise again no matter what, but some coins if they drop they don't raise again, some lose value, and you can't get your capital back  if you didn't try to sell them as lose because he will raise again no matter what. but some coin if they drop they don't raise again some lose value and you can't get your capital back that is why they like newbies to just invest in bitcoin then taking risk to invest in another coins, if they are interesting in crypto investment.

The strategy you use is actually not bad if in the end you convert the profits you get to Bitcoin because on the one hand you still quite like Bitcoin even though you are hindered by the amount of money you have when you want to buy Bitcoin. However, for me this is not an excuse because Bitcoin can also be bought with small amounts of money, but with this kind of strategy it is also quite good as long as you don't keep altcoins for a long time. Or do you just use altcoins as a stepping stone to be able to buy Bitcoin through the profits you get from altcoins.

Before investing you must decide where you want to invest whether you want to invest in bitcoin or you want to invest in altcoin. In my opinion bitcoin is safer to invest than altcoin. I won't say that investing in altcoin is not good, of course you can invest in altcoin if you want, but investing in bitcoin is more profitable than altcoin. Bitcoin investment requires you to acquire enough knowledge about the Bitcoin market. You must check the market and then invest. Bitcoin investment always requires you to have a long-term plan. Many times it is seen that we lose patience in Bitcoin investment. Patience is very important. We should not lose patience. If we invest with patience and plan, surely we can get success through Bitcoin investment.

Holding does not have any serious work, the work will come when you want to do analysis that is when you need good knowledge to be able to mine out profits so but holding you just buy and hold but even at the expense of holding you still need to have knowledge on what you are holding and what you are buying, so that you don’t even get scammed.


Both holding or trading you still need to have basic knowledge on you assets, that way you don’t need anyone to do anything for you when you need to make withdrawals and you can also hold your assets your self and there is no way anyone can do that without have knowledge because a lot of people have lost their assets just because they entrusted it to someone else, personally I have trust issues, when it comes to my business I need to have the whole knowledge to be able to manage it well. So as holding is easy the same way knowledge is important, do your homework well.

Bitcoin will remain number one, because someone who invests in crypto without holding bitcoin is a big mistake and needs to question their investment objectives because bitcoin is a future asset that we must have in our portfolio.

Many of Atltcoin are scams and failures. However, there are several altcoins that have a future, such as ETH and BNB, which to date have never disappointed their holders. In my opinion, before buying altcoins, try to update reliable news so you can find out the advantages and disadvantages of each coin which continues to increase. Beginners usually buy altcoins that have a very large market capitalization so they can be held for a long period of time and don't have to worry about the ups and downs of an asset's price.

I myself invest in Bitcoin and Altcoins. Of course, I definitely allocate the largest amount of funds to Bitcoin because Bitcoin is like savings for the future.

The altcoins that I currently hold are ETH, BNB and Matic. Hopefully the bitcoins and altcoins that I invest in can produce results in the future so that financial freedom can be created.

Bitcoin is the head of All cryptocurrency and that makes bitcoin more popular in the world, bitcoin also happens to be the most profiting and reliable coin in terms of investment the risk involve in bitcoin investment is very low compared to the risk in altcoins and meme, that is why most investors prefer to hold only bitcoin, regardless to the time it will take them before they can get profit from bitcoin investment, Bitcoin investment is all about been patient to hold it for Long term.

I don't object when people like to play it safe and only invest in bitcoin and I respect their decision. But it's ironic that many people who lack knowledge and don't dare to risk looking for bigger opportunities think that bitcoin is the only investment, and altcoins are useless.

As an investor, we should not be stubborn and too stubborn to ignore bigger opportunities. Many people in the past, because of their stubborn attitude, missed the opportunity to buy bitcoin under 1 USD, 10 USD and 100 USD... and now they regret it. I am not saying that altcoins will be as good as bitcoin but there is no denying that many altcoins are bringing huge profits just like bitcoinn. Look at how early investors in ETH, BNB, SOl...they are reaping huge profits.

I think both investments require good knowledge and understanding of these two things and we should not decide to start without understanding and knowledge about these investments, whether investing in Bitcoin or Altcoin both have the risk of losing the money we invest if we don't understand them well. well and investing in Bitcoin requires us to be able to survive for a long period of time so we can get profits on both investments and on Altcoins we can also get profits if we choose the right type of Altcoin that we will invest in, I agree with you that we must be able to be patient with the investments we make so that we don't do it greedily which means we won't be able to get a profit from the investment.

Of all the coins in crypto-currencies, no matter how deep the pits they fall, Bitcoin is always rising from the pits. People put their faith in him who gets up after stumbling again and again. While there is only altcoins and meme buzz around, people are putting Bitcoin ahead of the investment. Bitcoin's value is out of touch with all other coins. People have different plans when it comes to investment but I think those who want to invest in long-term projects for the next few years should definitely invest in Bitcoin. Investments should be made where the risk is least, don't you think Bitcoin is the least risky of all coins.

Irrespective of the points stated/given, I find this topic rather limited  (I mean no offence)

It's like telling people to buy into and hold one type of asset class simply because a greater percentage of people believe in that asset class more than the others and prefer to hold. Even though Bitcoin is considered as a store of value, it still doesn't make an investor limit his investments. There are other solutions that does issue value proposition such as Bitcoin also, why narrow down your option to Bitcoin alone.

Bitcoin is always considered to be the best currency among all crypto coins. Even if the price of this currency decreases it skyrockets over time. Other coins are not so reliable and have little chance of going up if the price goes down. Most of the currencies in crypto go up depending on the price of bitcoin. Compared to that bitcoin is strong currency and everyone's first choice for investment. Investing in bitcoin can be profitable. The price of bitcoins rises dramatically in a short period of time. Investments in bitcoin are less likely to shrink.

If we invest then it is more important for us to have investment related knowledge and experience. If we are not experienced about investments, we cannot start our investment journey properly, as a result of which we may stumble in the beginning of investment. There are a variety of coins to invest in the cryptocurrency market, with Bitcoin at the center of investor choice. People invest not only in Bitcoin but also in various altcoins, they even invest in Memcoin. People who have a sound understanding of investing and who have the ability to analyze the market invest in altcoins but they invest in potential altcoins instead of all altcoins. And those who do not have a proper understanding of investment are unable to choose the right currency for investment without understanding which makes them more likely to lose.

Knowledge and experience are the top essentials when investing, knowledge is the key factor that determines our success or failure, not the type of asset. Many stock, gold or real estate investors are still becoming the most successful and wealthy people in the world without needing bitcoin. So let's not exaggerate too much about bitcoin and disparage other assets when our knowledge is not equal to anyone else's. 

I believe that a person with complete knowledge and they invest in altcoins will even earn many times better profits than investing in bitcoin. And the final result is what's important, so investing in bitcoin or altcoin will depend on each person's knowledge and preferences. No asset is worth investing in and is not worth investing in when our knowledge is zero.

other coins have the chance to increase when the price drop in the market because it is when known that the price of Bitcoin Skyrocket other price of cryptocurrencies especially altcoins because without bitcoin experiencing a bullish season I don't think that any other coin can be positive in the market so if bitcoin price decreases in the market if the affected them why if the price of Bitcoin increases in the market it will also help the market of cryptocurrency to increase mostly the valuable coins and the new altcoins that been launched

That's the reason why I have explicitly mentioned "promising altcoins" and not just any random shitcoins.
I know there are thousands of shitcoins out there but I am not talking about any of them.
There are promising altcoins out there like ETH which should be a part of our portfolio for diversification.
But yes, I do agree with you on the point that our portfolio size should be big enough with bitcoin before we look into diversification.

Yes, I agree with this, Bitcoin is indeed the king of all coins. It is true that if bitcoin is on the rise, of course alt coins will influence the price. For the best investment right now, Bitcoin is the right choice. I think the possibility will always be there for altcoins to reach new heights. Choose alts with strong fundamentals such as eth, bnb and solana, don't choose alts that are just being born, this will make you lose a lot of money there.

It is quite obvious the the price of Bitcoin is the major influence on all cryptocurrency in the market but at the moment there is no way Bitcoin could hit 2x in this season. But when we look at altcoins, we could be surprised that there will be some altcoins that would hit 2x to 5x where holders would have to make extra money compared to what they would earn holding Bitcoin. Bitcoin is the best coin for now because it is quite reliable compared to other cryptocurrency.

It is also a good way to increase the number of bitcoins for our long-term investment. I believe that if someone has good knowledge and is not stubborn or conservative, making short-term profits with altcoins is not too difficult. We then transferred some of the profits from altcoins to bitcoin, which couldn't have been better. But I don't understand why so many people hate investing in altcoins when there are so many opportunities for us with altcoins.
To me, we enter the market to make profits, so take advantage of every opportunity if possible, don't miss any great opportunities just because others say they don't like it.

I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.

Nowadays Bitcoin is a King  of all cryptocurrency and without a doubt if we put our investment in this coin 100% we will got a profit in the near future cause we all know how it moves in the market even though there's a time that the price will decrease but still it will increase every sometime cause the price is too volatile. Also Bitcoin is already proven by some investors that they got a big profits through thier investment.  And not just Bitcoin but many more altcoins will increase too but there's no coins who can overlap Bitcoins.

Bitcoin is not only currently but forever the king of cryptocurrencies. Everyone can make long-term investments on Bitcoin with complete confidence that they will get profits for sure. Because no one trusts any other coin in the crypto world, everyone trusts Bitcoin without hesitation. Bitcoin, on the other hand, cannot be controlled by anyone, it is fully decentralized and therefore can be invested in blindly. Because of these huge benefits, you should invest only in Bitcoin even if you don't invest in other coins

Not all people trust Bitcoin, there are even people who publicly state their distrust on the market of Bitcoin while others straightly states that Bitcoin is some form of a scam.  And there are still other people who trust altcoins, in fact some even hold them until their altcoin holdings moon or become worthless.

As the saying goes, not one can please everyone and not one can conquer all the interests of people.  I do agree that Bitcoin can be said as the best investment in the cryptocurrency sphere in terms of liquidity and lesser risk but some altcoins had proven themselves over the years.  Holding only Bitcoin may make us miss some good altcoins to invest in, so I believe we should have an open mind when it comes to cryptocurrency investment.  After all, we all sought for profit when investment is the topic.  Just do our own research and keep ourselves updated and most of all invest only what we can afford to lose when dealing with altcoin investment.

The main advantage of investing in multiple coins is that you get small profits, and a major disadvantage of investing in a single coin is that you can only continue trading for as long as you want. That coin does not go up, nothing is gained, and if the same coin lands, all your money is gone. So I would say that if you invest in multiple coins it is a good decision.

But, you can't deny the fact that all coins follow Bitcoin. If BTC goes up, all altcoins go up, and If BTC goes down, all other alternatives start to fall faster than Bitcoin. This is why I am not in favor of long-term investment in any altcoin except for a couple of trusted altcoins such as ETH which is the second largest cryptocurrency and the most trusted altcoin.

Bitcoin is the best decentralized currency to hodl for long term,it offers huge profit return.Altcoins are not invented to hodl for long term,some may tend to rise but not all, investors who feel like making quick profits trade on altcoins and not investing on it.Some altcoins in the crypto market may pump but when the demand of the coin decreases it may lose it's value and crash. Ethereum one of the most top trusted altcoin that has being added in most investors portfolio due to it's high return.It would be wise for an investor to invest on Bitcoin that offers massive profit for long term because most altcoins may fall and never rise again so choose wisely.

These altcoins that you've mentioned, they bear lesser risks than the rest of the altcoins in the market and with bitcoin being at the top in terms of the level of risk associated with it. However, people wouldn't always follow the safer path as there are also bigger opportunities to maximize the profit but it bears greater risk than the others. This is the reason why a lot of projects and altcoins were created every now and then. No wonder why there are a lot of memecoins popping up in the market today. Some investors have huge risk appetite to put their money in this kind of coin, but I'm quite sure old investors also have bitcoins in their wallets.

There is no doubt that there are Alts with good potentials but it would be very risky for one to currently invest in any of those newly developed memecoins or shit coins most of them are pump and dumps and would always dump after they have profited from lots of investors. Since Bitcoin influences the price of other cryptocurrency then that alone should let people know that it's the best crypto asset they could ever think of. However I think why most people would always fall back to Alts or some Memecoins is cause they're not financially able to afford enough Bitcoin based on it's current price and that's why they would fall back to investing on potential Alts like ETH, SOL or BNB which they consider would get to the level Bitcoin is in the future. Well i think by then Bitcoin would had gotten beyond what it is currently cause it's more superior to other Cryptocurrencies and those who take advantage of it's bear season would always male lots of profits demanding on how much they invested.

There is no need to invest in thousands of coins to profit from cryptocurrencies just a few potentially powerful currencies. From which it is possible to achieve long-term profit. However, while many people will invest in cryptocurrencies on a long-term basis, there are also people who are willing and able to invest in other currencies for short-term gains. Bitcoin is the only option for long-term gains and those who believe in the "do not put all your eggs in one basket" economics, invest in other potential currencies besides Bitcoin on a short-term basis both of which are relevant investments.

Bitcoin is a widely acceptable currency and investment source due to its increasing success and it does not involve the participation of third parties as well as it has the ability to make changes in the price of all the crypto coins therefore it is known as the king and purple give value to Bitcoin more than any other investment technology.

The main reason behind its success is that after facing hard situations or negative situations Bitcoin recovers back to its higher worth due to which people have firm belief that it is not a scam project so putting large sums of money will not be an issue for them.

These "shitcoins" and other new memecoins are not worth it. Although the thought of getting rich quick sounds appealing, it doesnt usually happen that way. A lot of people lose money when they play this game. We'll talk about Bitcoin later. Why is it at the top? Because it's the most commonly used. The point is to pick a winner, not to see who has the cheapest coins. Bitcoin has shown that it works many times. Other cryptocurrencies, like ETH, may look good on paper, but they arent quite there yet. Trust me, its smart to buy Bitcoin now, while the price is low. After the market recovers, which it will, investors who made money now will be very happy.

I have been observing the market. When bitcoin falls to $59 altcoins also lose value and now bitcoin price have been increasing but if you look at the altcoins their is no much increase come pair to the increase of bitcoin, this is to tell that investing in altcoins is very risky and their is no need for making an investment on altcoins when we have bitcoin that is very valuable.  It is a lose investing altcoins because it is not very profitable.  When thinking of investment what needs to be considered first is reliability,  good value, and since bitcoin has all this qualities it is better to just buy Bitcoin and hodl and forget the rest.

Well said I think everyone will like to go for something that will profit them in the future, is obvious that bitcoin has a better future,  right from  day one I always stay away from altcoins I don't like investing in alt reason is because their future is not guarantee. and it can't be use for Long term holding, that is why I choose to hold bitcoin alone, the risk involve in bitcoin investment is very low compared to the risk in altcoins,  I will always advice every new investors to start from bitcoin investment before looking out to other coins.

There is actually no mistake if you want to do in some places like altcoins that have potential in your opinion but when talking about this of course we must realize that in the end there must be a situation where we prioritize something and bitcoin is the right thing .

A lot of people would say that verification is important but at the end of the day when it comes to convenience then definitely when comparing bitcoin and altcoins then bitcoin is the safest place from risk .
Not that bitcoin has no risk because it still has risk, it's just that when looking at altcoins even though it is a promising one but the risk is definitely much greater when compared to bitcoin .

Over 50% is huge turnover, people are always wanting to make a buck. Some people also have the knack for it, its harder to trade the shitcoins and make a profit, but people do it every day. You just have to know how to do it correctly, I for one do not unfortunately. I wish I knew how to do it tho, i'm still searching and researching how to achieve this correctly. There are over 100+ ways to skin a cat! The same applies here.

Well it depends on the personal preference of each participant actually. Because if you are here long term like 10 or 20 years of investment, of course the most reliable digital asset that you can invest to that is available right now is Bitcoin. However, if you are just here short term so that you can play around with daily fluctuations then you can trade with major Altcoins like ETH, SOL, VET. Because there's no worry on it years from now. you're just there short term. You don't worry about fundamentals, you are just interested purely in possible 10x 100x or 50x of price of the coin short term.

\damn , is this serious? we have 2.5 million cryptocurrencies created? i thought there are thousands but never that i have idea about this huge lol

and majority are just scam projects , better to directly address as such mate  ;D

this is also why we are diversifying , the old days of HODL bitcoin ONLY have long passed and we are now believing that there are other coins that can generate us better result than just purely in bitcoin.

Yes its true, one thing that is concerning is that there is no differentiating in the creation of a cryptocurrency that has its own private blockchain, versus one that is simply a token on Ethereum or Solana's chains (which are primarily used, there are others).

I wonder of the 2.5 million, how many have their own block chain? That to me would be a better definition of how many true cryptocurrency exist. I bet no more than 1 thousand.

I remember my younger days here in Bitcointalk and of course in Bitcoin itself that people keeps
talking about Holding and keeping bitcoin alone things that I manage to follow also back in the days
but ending me regretting because there are so much increase happens in altcoins that I missed holding
nothing but just bitcoin so now I learn my lessons and like yours? diversified folio is what I keep doing now

Yes, it will depend on each person's investment taste because not everyone likes safety, many people are willing to accept risks to gain high profits. And in this case bitcoin is not the best choice, altcoin will be a more suitable choice.

I also don't deny bitcoin is the best but that doesn't mean I will ignore the bigger opportunities with altcoins. I think we should not be too stubborn and ignore the opportunities to gain huge profits from altcoins, which bitcoin cannot bring us.

People who are stubborn and try to impose their thoughts on others should not invest in altcoins, which reminds me of what gold investors also told early bitcoin investors. But as a result, because of their stubbornness, they missed the opportunity to own bitcoin when it was priced below $1k, $100 or $1.

This actually contradict the the idiom: "Don't put all your eggs in one basket".
For me when it comes to investment always have a back up plan, or at least spread out your investment so that if one goes down the others could lift it up, your loss could be lessen.

It is not a must to have only Bitcoin for our investment. It is no problem to have altcoins as well. Altcoins also have good potential to earn huge profits. However, we must be aware that altcoins are riskier than Bitcoin. If we choose the wrong altcoins, they may become dead coins and have no values in the next few years. This will never happen with Bitcoin, it must always survive as the number 1 coin in crypto space. So, we must be more careful to choose altcoins for our investment.

Remember that it is not only about the chance of huge profits, but altcoins also may bring huge losses, too. We don't view the altcoins from the good side only, we must learn the bad side as well. Since altcoins have bigger volatility, the prices may be decreasing worse than Bitcoin. Make sure we don't choose shit altcoins, memecoins, or random altcoins with weak fundamentals.

Don't blame people who want to invest in Bitcoin only! It is an individual right.  ;)
People who didn't invest in altcoins may not get the huge profits, but they also don't lose money.
It is just optional to choose altcoins, it is not a must! Just don't make it be complicated, mate.  :)

You should know that not everyone that prefers to invest in altcoins due to the risk that is involved in altcoin investment, let me use myself as example. I'm not a lover of altcoinsm I prefer to hold bitcoin for long term investment I don't care how much profit they get from altcoin investment, I think is all about choice you don't have to decide for anybody if you think investing in altcoin is good for you then you're free to invest in altcoins, for me I have chosen to hold only bitcoin, I can't leave bitcoin for any other coin either.

Still, at the end of the day, no matter how much you say you don't like bitcoins, you continue to see them and it's not about whether you like them or not but where you stand.

I'm not too wise about things but even if I don't hate altcoins in the end when I don't choose altcoin as an option then forever it won't happen. so in this case it doesn't matter whether you love it or not as long as you are in something then indeed all forms of risk in the end must be ready to be borne because being in altcoin is also not a mistake and anyone can be there if they want to.

But again this is about the attitude and choices you take so that if being in bitcoin is ultimately more profitable why bother to be in altcoin where the risk is much greater.

holding your cryptocurrency for me is very important because I don't like a short-term investment a short time investment is like someone who is a looking for fast profit for it investment and that profit will not be mega as a we can see as investor so people that entered into long-term investment is people that make a profit so when you purchase and you hold for long time it is when you make profit and I prefer holding my Bitcoin than any other coin for long time

In long term investment we can make a good profit that can make us satisfied when it comes. Maybe we can wait for s couple of months or even year but still it is worth it.  Bitcoin is the most and trusted coin in the mm world of cryptocurrency so every one will not hesitate to  buy and we are all know that in the long run we got a good profit. Anyways always remember that once a project or coins promises that you can make a profit in just a few hours or days then please be vigilant and don't try to engage with them.

I have no doubt when it comes to the stability of bitcoin as an investment. Now, if I want to make a lot of money here and I believe that I can achieve my dreams in life, then of course I will stay here in the crypto space.

But I will not buy Bitcoin to achieve what I want in life. Because I am not capable of buying a large amount of bitcoin, even if we say I do the DCA that most people say and do. The total accumulative amount will not be enough for me to buy my dream life. I hope others get my point.

Yes Bitcoin can fetch a good profit for long term investment and it can contribute handsomely in your future life. Many keep their bitcoin investment plans for different periods, but it takes some time to get profits in bitcoins. Of course there are many who want short term profit, they invest in different alt coins, meme coins, they lose their money due to lack of choosing the right coin. Keep in mind that investing cannot grow in a day or two and you must give it time. Investing is just a personal decision but Bitcoin investment is a reliable investment that will bring you good profits if you keep it for long term.

Bitcoin shows its potential already from the previous years, the ups and downs, news related, crash due to covid and etc. People still keep trusting the process of the bitcoin every time, and we cannot deny this people now keep accumulation after the bitcoin make a halving bitcoin repeats its history, those coins are paired now with the bitcoin so if the market goes down they will follow. Those altcoins have their own uses not only pair of it so still possible there's a manipulation on it than the bitcoin solely itself. Holding is the way if you want to keep doing the lazy process of buy low and sell high that's all no matter what the current price right now. People doing this because they don't have time to become active in market and just use those investment as possible extra income.

You just don't get it OP, the reason for why other hodl other cryptocurrency besides bitcoin is from the fact that there are some altcoins out there that can make you a hefty sum if you just sold it or you've bought when they were cheap and some people in the community have an ingrained thing about them that they can't afford to miss out on things especially for those that have seen bitcoin grow more than $0.1, they just don't want the idea that they miss out on the next bitcoin, that's why it's still popular to invest into altcoin because of the fact that you might be able to buy one that would make you rich and turn your life around.

Well so many people have their differences opinion on this and I really don’t have to say on it though, to me I also hold and I do some day to day trading to achieve what I want, and I like doing my best to get the right answer over what I want

Bitcoin is like a magic wand in people's lives. It will change the fortunes of people who have invested or are still investing here. There are also many who want to diversify their investments by investing in other cryptocurrencies. But the bottom line is that Bitcoin can pay more dividends than any other cryptocurrency by taking minimal risk. So no one should miss this life-changing opportunity.

I agree with that. A lot of investors underestimate the diversification method and invest all their funds in a single asset hoping that they would get good profits from it. There is no doubt that Bitcoin is the best investment asset out there, but that doesn't mean one shouldn't diversify their portfolio and invest all one has only into it because diversification can always bring you more opportunities, you never know, another cryptocurrency you invest in might have a higher growth percentage than Bitcoin and that can bring you better profits.

That being said, I've also seen a lot of newbies over-diversifying their portfolios which is also a bad practice in my opinion. Diversification is good but only if it's done within limits, anything done excessively can have negative consequences, so one should make sure that they are investing only in a few good cryptocurrencies and aren't buying a bunch of useless shit coins.

That is what the majority is thinking towards the coin but actually that's not how easy it is. Bitcoin won't just pump right after you bought it but it can also take a long time for that to occur. It requires a good amount of patience and courage because there is also FUD's here. BTC can still be considered to as less risky due to its old age but in terms of dividends, let's faced it that newer and smaller coins can give more.

We only need to choose our side wisely. We can't please everyone to get involved here and also, some people are clueless about BTC/cryptos but don't worry about them because they might still find other life-changing opportunities outside. BTC and cryptos are not all you know.

Bitcoin is definitely a reality and you can get high profits by investing here, so investors' interest in it is increasing day by day.You just learn to take care of your holdings as long as there is a circle. One of the most effective ways to accumulate bitcoins is through the DCA method.

Yes, the information on this thread is so true. To be honest, while a lot of people still don't believe in Bitcoin and still call it a scam, Bitcoin may be the only cryptocurrency I have a very high percentage of trust in. A lot of people's experience with some of these failed cryptocurrencies may even be the reason why they don't believe in cryptocurrencies anymore. Don't get me wrong, you shouldn't, cause of this believe that altcoins are scams too. They're not. They're just not as strong as Bitcoin. Some of these are good, like too good and trustworthy, Ethereum, but not all of them are food enough to be HELD for long.

In finance, people spend, and save/ invest, in cryptocurrency, people trade and hodl. You can very much trade altcoins, but I don't think it's such a wise idea to hodl them. Bitcoin should really be the only crypto you hold for long. You can do you if you feel some altcoins are worth hodling. This, at the end of the day, is just my opinion.

Let me rephrase it, the thing is that yes bitcoin could give a good fortune and reward if you've done it correctly and efficiently but the thing is it is not all the time, remember bitcoin or any crypto currency are so volatile that you can't be sure what will be the next movement unless you know how to do technical analysis or you know how to handle the situations and different scenarios, remember there are also losing money in bitcoin with wrong decision so we can't say that bitcoin is all green we should also consider to mention the risk and such, but over all bitcoin is the best currency to invest with, but for me I want to diverify my potential profit so I do other currencies that has the potential to give me profit through analysis, and of course through decision making, You should not decide quickly, you should decide carefully and calculating the risk.

Bitcoin is the only dependable and risk-free coin in the crypto currency market and if it can be invested for a long time, there is no risk and the profit potential is very high. Also, I keep folding Bitcoin for the foreseeable future due to the potential for a good profit in the future. Moreover, there is no risk involved in investing in Bitcoin and there is no possibility of being cheated out of this coin market so the only holding coin is Bitcoin only.

I think there is still risk on investing bitcoin but it is a very low risk than other coin, because bitcoin is the most trusted coin in crypto and there is no way for Bitcoin to become a scam unlike other new altcoins that is newly developed and has a big chances that will become a scam and abandoned by the developers just like some other projects that become shit projects in the long run.

For long term capacity I agree that bitcoin is the only thing that has certainty. But when it comes to cryotocurrencies in general there are some coins that may have a good rate of making profits. Otherwise the crypto space would not be this big without other coins being created and this is not just my understanding. If you want to be at a much safer level then holding bitcoin is the right choice and we only need to wait for the increase process to make a profit.

But since you are talking about a coin that can be traded in the long term then there is no historical argument against Bitcoin because it has demonstrated its strength so far openly. So yes, Bitcoin is the only one that has the ability to survive in the long term, even though there is a correction process along the way.

Bitcoin was the first successful attempt to create a reliable and secure decentralized currency. The value of other currencies in the crypto market often depends on the price of bitcoin. Bitcoin is always a good currency investment there will be risk those who take the risk will succeed bitcoin investment should hold good and durable for the long term.

Cryptocurrency or bitcoin is not the only opportunity for us to make profit or get wealthy however in our time today it might be just the best investment opportunity we have.

We need to face the digital time we currently live in. Cryptocurrency is slowly but surely seeping into our lives and the world and soon enough we will see it become mainstream. Everyone will be using digital money may be it fiat or crypto so might as well get yourself a little used to it already.

Either Bitcoin or altcoins I don't tend to hold any for long, I will take profit when Bitcoin makes a new all time high and buy back when a massive sell off happens or after a bull market is over, this is how to secure fund and end up with betyer amount of Bitcoin later.

What I won't do is buying the same old altcoins from the last bull market again, this is where there is a massive difference between altcoins and Bitcoin, it is very hard for old altcoins to make a new all time high again, most of them died after their first taste of full bull market.

This is why I always abandon the old projects and focus on the new ones that raised a lot of money, minus the likes of BNB and Ethereum, even if you plan to retire with Bitcoin it makes no sense to hold through a bull market into another bear market, like if BTC reach 90k i will sell all my BTC and maybe buy back in 2026 when a new lows happen.

You're right there is risk in bitcoin investment but the risk is never to be compared with the risk in other coins, However is obvious that bitcoin is the most reliable and trusted coin when it comes to crypto investment, secondly bitcoin is also trusted in long term holding that is why most investors choose to invest only in bitcoin. Moreover people always talk about altcoins being scam sometimes I don't always blame them for saying that because they have their reasons, but I think most of the altcoins like ethereum and bnb I think they have good potential in the future.

Yes bro, if we talk about risk, everyone has their own risk, but let's see which one has the least risk, like we saw in the BTC coin, why do big investors want to invest in BTC because there it is more confident and safe, even though the risk is there, it is less compared to other coins, and BTC is also long-term, more suitable for those of us who have large capital and want to take the long term, rather than taking the short term, it will result in the risk of a price drop when we buy at a high price, it's better to study it carefully first before drawing conclusions. Don't be rash in drawing conclusions, it will result in high risks.

Hodling your cryptocurrency is the simple strategy many hodlers use to accumulate profits in the industry, how you hodl will determine huge amount of money you will going to make from your hodling because the ATH use to happen every 4 years for those that hodl their coins long to fulfill their target.

Short term hodling will not allow you to make a big profit, which is the reason some people don't like to involve themselves in short term investment because it will take them a long years before they can make a reasonable profit from the investment.


You can base your BTC for long hodling and base your altcoin in short term hodling, to ensure nothing makes you to sell your BTC until long period of time before you can sell to accumulate profits.

Bitcoin is certainly a wise choice  every smart investor will choose although like you said the certainty to any cryptocurrency is doubtful untrue but with Bitcoin the limitations and risk involved is way better compared to so many altcoins out there.

I had a friend who actually taught investing and holding Bitcoin is far too stressful and he look for other alternatives and bought Shiba Inu and the reason was he had slow patients when it comes to waiting like he really need the profits overnight but just as the possibility are there that few of these altcoin can give that, but same as their is little chance of Making good funds from altcoin same theory applies in a same way you could lose everything within the twinkle of an  eye.

It's not like there are no risks attached to a Bitcoin investment but it depends on the type of the investment, the time, and market conditions. When you invest in Bitcoin by buying some bitcoin from the spot market when the price is pretty low, you tend to have a very low risk of losing money because the market will probably go up from that point and then you can sell your bitcoins and earn some profit from your investment. However, if the same investment is done when the price is high and then it goes down, if you are patient, the risk is still low, but if you are new and impatient, there are risks that you might sell your assets and incur a loss because you bought them higher and sold them lower.

Other than that, futures and other trading markets carry substantial risks.

I agree with you. Talking about currencies I see no other alternative besides Bitcoin for long term gains. Even dollar and euro which used to be strong currencies to be used as reserve of value aren't trustful anymore. They are also heavily impacted by inflation, so we have to appeal to Bitcoin currency or another categories of investments such as stocks market and real estate. Anyway, I wouldn't pick any currencies besides Bitcoin to hold considerable sums of money.

And in my opinion everyone who cares about their future should start thinking on this same direction in order to thrive and remain relatively sustainable and autonomous in this chaotic world. Bitcoin is one of the few things we can trust nowadays because there isn't a central figure behind it changing the protocol (or the rules of the game) all the time.

On the other hand, that is what happens in our countries in real time. Authorities aren't to be trusted anymore. Their promises are empty, as are their actions in order to improve the economy. People who put their lives on the hands of authorities are under severe and constant risks of losing everything...

The big boys have already spoken on what will matter.

https://en.wikipedia.org/wiki/EDX_Markets

BTC, Bitcoin cash, etherium and ltc.....

That's pretty much gonna be it on the big playground.

Cash isn't looking to bad...... But remember none of them represent diversity. none.

I am amazed at the BILLIONS in market cap in everything else. Not sure how much is phony or not, will never play in them. Ever. Maybe a FOMO pump to take peoples money.

Investing in Bitcoin will certainly be able to prepare our future for the better when we properly understand this investment, so it is important to understand it well before deciding to invest in Bitcoin and we can see the right time to invest so we can get profits from it. the investment.
Currently, everyone is very accustomed to the digital era and everyone will of course use digital money and choose to invest in Bitcoin or crypto. This will certainly make us used to when crypto has become a legal means of payment, even though this requires a long process before it can be achieved.

Of course, if we look at the survivability of BTC has been measured and tested while for Altcoins, especially those that do not have a reputation and history, will be very weak defense, here I am not saying for just one coin / token but most of them are like that.

Here are some of the reasons that may come from big investors where they don't want to play anymore other than BTC coins and continue to focus on this main coin whether for the day, tomorrow and the future. Of course, everyone has the right to make their own choice when choosing and I think for all who will enter the market, there is not the slightest compulsion for them to have to buy BTC.

It is clear that among the cryptocurrencies Bitcoin is the least risky in terms of profit as it is a old currency and has shown good results in the past. Also there are many potential and important currencies in the crypto market which can give us good dividends. So we must be strategic and experienced in our selection. In life or any business we must look ahead and look at the obstacles to success so that we can face them without getting discouraged. So one has to move forward bravely and patiently with a steadfast attitude towards the goal.

You have to be enthusiastic about BTC. The market looks like it will be very good in the next few days, a lot of buying flow will also come from individuals who may have just earned money from their monthly work so maybe some of it can be set aside to buy BTC even though it is done in installments using the DCA method. Continue holding and adding to current holdings.

In addition to the risks that bitcoin's volatility brings to us, there are also security-related risks such as hackers, and loss of private keys...all of which will cause our bitcoins to disappear without there's a way to get them back.

Furthermore, the legitimacy of bitcoin is also a risk that we should not ignore. Although bitcoin ETFs have been accepted, there are still many countries that have not legalized or even banned it completely.

Honestly, I have not seen any asset that can give high returns with no or low risk, including bitcoin. Those who say bitcoin is risk-free are just trying to exaggerate it more than necessary.

The essence of holding Bitcoin for long-term is to make profit for the investment, because I know quite well that any cryptocurrency investment the target of a holder is to make profit, Instead of me to hold altcoins for long-term I rather hold quantity of bitcoin I feel like holding, so I don't know for any other person, because I know very well that bitcoin investment whosoever that venture into it have plans.

I have seen different persons that hold altcoins and on the process of holding the altcoins and it ran out of the market, so I know quite well that for we to understand the procedures and processes of bitcoin we needed to purchase fifty dollars worth of any altcoins we think that have potential and also hold bitcoin worth of same value and cross check the one that will yield positively after the period of time you wanted.

It hard for BTC investors to be afraid of their hodling, because they know that it will going to pump in the future as long they are willing to hodl for bull run to occur before they can sell to take profits.

Don't allow anybody to deceive you that there is no risk in BTC investment,  but if you can take the risk to buy in the bear season which is a popular season people use to buy and hodl for years before they can sell to take profits from the risk they took.

There are some coins you can hodl, you will be profitable in the future but it will be difficult for all those coins to give you want BTC will give to you, because I have tested other coins before I concluded to remain in BTC for long hodling which is more profitable than others coins.

When someone has invested in Bitcoin of course they have a good understanding of what they are doing and it is also impossible for them to survive for a long period of time if they do not understand well the investment they are making and if someone says investing in Bitcoin is not There is a risk of course that people do not understand well about investing in Bitcoin and those who can take risks certainly understand it well so they can decide something based on the knowledge they have.
Choosing to hold Bitcoin for a long time compared to other coins is of course very appropriate because it is difficult to choose another coin that we can hold and make a profit.

The Bitcoin game is difficult, but the rewards are huge. With Bitcoin, the long-term trajectory is clear: up, up, up! Im not one to brag, but I've been in this game since Satoshi's Bitcoin dream began. I've seen "experts" criticize and forecast its destruction. I've also witnessed enthusiasts, or HODLers, who saw Bitcoin's potential. Those people are receiving the perks now.

Bitcoin market success: whats the key? Simple: HODL. Focus on the long game and ignore FUD and noise. Dips and corrections are opportunities to buy more. Selling is the only way to lose Bitcoin. And the other coins? They may shine, but Bitcoin is the most durable. The cryptocurrency gold standard, the king. Bitcoin is a great long-term investment with huge potential.

I am very enthusiastic and excited about Bitcoin and I think everyone who works in or is involved with Cryptocurrency is very optimistic about Bitcoin. Since I can not afford to invest in Bitcoin all at once, I continue to invest little by little. Hope alone motivates me to invest in Bitcoin.

I am glad you are a newbie interested in Bitcoin. Bitcoin is the leader in the raging currency world. Everything is moving forward with Bitcoin centered around crypto. But remember that the Bitcoin game is challenging. If you can master it well, it can be said that good things await you ahead. If you have long-term plans or long-term thinking, investing in Bitcoin is a good option. Since Satoshi's dream started, I have been involved with Bitcoin since I paid 100 bitcoins and bought a picha. Those who held on to Bitcoin then are now reaping the benefits. Keep investing little by little, and you will see that one day, a good time will come for you, and you will also benefit from Bitcoin. Take advice from experts and watch expert talks. When you listen to their talks carefully and analyze them yourself, you will have a much better idea about bitcoin investment, which will make you interested in investing later.

Those who have held Bitcoin will of course have long-term planning in holding it and will certainly be able to gain profits in the future and for some people who have held it for a long time, of course they have made profits earlier than those who have just started, because from the beginning Bitcoin appeared. Until now we can see very good developments and currently many people want to invest in Bitcoin because they have seen that the results that can be obtained from investing in Bitcoin are very profitable, but they have to be able to hold it for a long period of time, there is no harm in it. we follow other people's advice in investing but we also have to have enough knowledge about Bitcoin so as not to follow the wrong advice in investing.

Not everyone understands that and not everyone can hold Bitcoin for a long period of time with all the panic over rapid market price movements so there are many things that must be learned first before deciding to invest in Bitcoin for a long period of time.
If we look at the possibilities, of course the possibility of profits will be much greater for those who hold Bitcoin for a long period of time and we can see all of this from what happened in the past so this is likely to happen in the future.

Investing in any coin comes with a risk including bitcoin itself but investing in altcoins especially for a long time is the risk itself. It's something that everyone who's into cryptocurrency knows unless who's just being introduced into the industry. I quite agree with your submission that altcoins take from people who they refer to as their own community. They make early investors rich while those who invest lately pay the price with their pump and dump norms. I can not condemn investing in altcoins if you can be cautious to make use of the opportunity but I would advise to invest in bitcoins for saver and long-term investment.


These set of people are being classified under FOMO category, they rush to invest in anything they see people making profits from without due diligence and if it turns out against them, they will tagged it scam. In as far as investing in bitcoin is much easier than one can think of, it's also necessary to know about what you are investing your in and take it security very serious. Personal research is very vital aside people's advice to avoid blaming others when you lose your money as it's possible. Always remember that it's risk you're taking with a probability of lose and profit.

Well, you do have a point, as bitcoin is requiring a long-term hold because you can maximize the potential profit doing that. Also,  if an investor is not used to crypto currency investment and doesn't know anything else, then holding a bitcoin asset is the best option for them. But with the essence that people tend to exit early in the market because some people can't keep up with holding bitcoin assets, That's why bitcoin holding is not for everyone who can't keep up with holding; in case of emergencies, they tend to sell their assets because they don't have any other means of extra income. But if they can contain the urge to keep on holding, then they can expect a greater reward, with, of course, good timing in entering the market. I once sold my bitcoin assets in the past when I earned some money and realized that what I was doing was wrong, but now I keep on increasing my bitcoin holdings and never sell them if I need some money because I have some other means of getting extra income.

It is the advantage of those who invest in Bitcoin little by little because they can use some money to invest in Bitcoin gradually. They can use DCA method that has been proven works for many people so they can have many Bitcoin. You must manage your emotion to invest in Bitcoin because you will see many things happens in Bitcoin, including the up and down of the Bitcoin price. You must have strong hand to still holds your Bitcoin until you reach your goal so you will make a profit in the future.

Well, that is true in the sense that not all are strong and understand the essence of holding. But we don't need to force them to hold when it is against their will because, in the end, they still sell their Bitcoin when the price drops. We just think that this also helps to keep the market volatile and that is okay because, in this way, we are able to buy Bitcoin at a cheaper price especially when weak people dump their coins. Smart investors use the weakness of the person to attract, we buy their coins when panic selling starts to show and hold until the right time comes to sell.

It makes logical sense to HODL Bitcoin at a time when inflation is spiraling out of control. Of course. It's not only about the rewards you'll get. But rather, the freedom you'll receive compared to Fiat. With BTC, you and only you are in complete control of your money. That's assuming you have access to the private keys/seeds.

Most people don't realize Bitcoin's true potential, as they're only focused on making money with it. It's this reason why BTC will never replace traditional Fiat currencies such as the USD and EUR (aside from the fact that governments will never allow this to happen). Time moves fast in crypto land, so it's likely BTC will become-extremely valuable within just a few years from now. Who knows what surprises we'll find in the future? :)

Some people don't have any idea about the holding of Bitcoin so they cannot take profit through bitcoin investment while most of the people understand this thing but are unable to do it due to the limited amount of money which they are using for other purposes so there are different reasons due to which individuals are not Investing in bitcoin.

Learning is essential and if someone cannot do Bitcoin investment then he should focus on learning until he gains the opportunity to invest in Bitcoin. Everyone should learn that Bitcoin is a good asset if someone keeps it longer and also he should be familiar with both the reward and risk of the Bitcoin investment so he will carry his investment without any worries during the market dump.

Long-term holding of Bitcoin gives a profit, but there is also no denying that if we sell Bitcoin on a bull run and buy it back in a bear market, we will have the opportunity to increase the number of our Bitcoins. This is not easy and is likely only suitable for experienced holders who can assess risks. And if you have the patience to hold Bitcoin for 10 years or more, it will also bring profit, but there are not many such patient people.

I'm in the same opinion as you do, let's say you hold 50% — 90% of your portfolio in Bitcoin, this is good depending on one's choice about how much of his portfolio will be held in Bitcoin. If you only hold Bitcoin, you won't catch the Altcoin season that makes the market to be more spicy and rewarding, especially when you don’t own up to 0.1 BTC, people that enjoy good rewards in Bitcoin are Basically people that hold up to 1 BTC and above. One good thing I like about holding the majority of my funds in BTC, is that I'm a bit relaxed compared to when I hold other coins.

There is a reason so many users on this forum type bitcoin/crypto instead of just outright saying crypto when talking on here.

-Bitcoin is investing in freedom.
-Crypto is gambling on the chance they can come close to providing the same freedom bitcoin does.

I am very happy and benefited by your valuable suggestions for which I express my deepest gratitude. Also I am inspired to hear your story of involvement with cryptocurrency and Bitcoin. I ‍am a newbie but I have been reviewing and discussing cryptocurrencies for a long time with many people which inspired me to invest in Bitcoin. And I am currently growing bitcoins on a small scale for the future and to benefit from.

I have always placed my trust solely in Bitcoin, as it's the original cryptocurrency, while I see altcoins as replicas. They can't get better than Bitcoin.

From research and analysis, Bitcoin can give it's best performance only if one can hold especially for a longer time, taken this to those who where able to invest in Bitcoin at its earliest age for instance when Bitcoin was only maybe 15 to 20$ and was able to till date, it is a financial life changing opportunity, thou most people doubted it while others took advantage of it. The truth is that Bitcoin has shown to be a good coin and the best among others such that anyone can buy and hold in Order to have a substantial overall return over a long period of time.

Irrespective of the price of Bitcoin if one holds Bitcoin for a long time then he can definitely get profit. Another major reason for this is Bitcoin Halving. As the miner's reward is halved every halving, the circulation of Bitcoin decreases, which causes the price of Bitcoin to increase. Moreover, since Bitcoin is a highly volatile currency, those who try to hold Bitcoin for a short period of time are exposed to comparatively more risk. A long-term holder does not need to worry about the price of Bitcoin falling. Moreover, long-term investment returns are also higher.

When it comes to long-term crypto investment, bitcoin is always the best option for any investor. Bitcoin has a long-term value that many investors have already experienced, and more value is coming its way, so it is always advisable to invest in bitcoin for a long time. However, investing in altcoin is not really good if the investor plans for a long-term investment. You are right, any investor who ventures into bitcoin has a long-term plan because the profit will come after waiting for a long time.


Obviously, we don't have to do this; only someone who doesn't have critical knowledge about bitcoin and other cryptocurrency will want to compare altcoins with bitcoin. However, bitcoin is just the best cryptocurrency. We all know that when it comes to investment value and other things, regardless of how good altcoins are at the moment, bitcoin is the best. Anyone holding Altcoin for a long time, seriously, there is a possibility of losing that money.

Exactly since we or a lot of people know that bitcoin is proven and tested for many years of its existence. We always see how lucky those people who hold for long time since majority of them is earning good profit for believing holding bitcoin. But people need to think about that its not easy as what they think since there's a lot of things need to consider also lots of knowledge need to learn. So if they are hardworking and open for new learnings then for sure most likely they might succeed on their plans towards their bitcoin investment. Also its risky to do the same with bitcoin where we do experiment to hold it for long term since a lot of them got no value since devs of the project usually the first one to dump their token. But if we go on Ethereum or Sol maybe there's some chance so I might think about adding this two alts on my list.

Yes the area I see this diversifying of advantage is when one is tide down with some responsibility that would lead to selling off your investment such as Bitcoin if one has diversified investment you have options of select the lesser that will not totally pull you out from having investment in BTC but only sell off those less one thereby saving you of not tempering or selling your Bitcoin investment.

Secondly the risk factor as you have made mentioned it reduce your risk as you will not be depressed if one of the investment happened to fail as your expectations might be the diversify investment can wage such depression and give you some level of balance.

You're right; many people have found long-term keeping Bitcoin to be a winning tactic. Like every investment, though, it is not a surefire slam dunk. There is always risk involved, hence before diving headfirst, you really should know what you are getting into. You lately brought up Ethereum and Solana. They have their merits, no doubt. But let's not forget that Bitcoin is the OG, the gold standard of crypto. It boasts the security, brand awareness, and track record unmatched by any other coin

I'm not suggesting how you should spend your money here. You make that decision. But if you want a long-term investment with great promise, Bitcoin is the path forward. The bright new things shouldn't divert you. Follow the acknowledged winner

You might hold only Bitcoin because it is the most established and secure cryptocurrency, has a limited supply that can act as a hedge against inflation, and is widely recognized and adopted

Based on the review above, many people talk about the risks of investing in Bitcoin. In my opinion, it is normal and very natural that every job has risks that must be faced, but even though many people talk about this, Bitcoin is still the main fan in the digital currency category. All eyes are on Bitcoin and everyone people want bitcoins in their wallets.

The OP last posted in this thread on 6th May 2024 and until that point made 6 posts out of 123 that were posted. After creating this thread the total posts are at 187 and from that total the OP has made a grand total of just 6 posts.

Clearly the intended aim has failed after his wall of text OP as he did not receive merits therefore why keep this thread open when it serves no purpose except to help signature spammers especially when the OP has given up posting here while he merit hunts elsewhere?

but nowadays eyes are in bitcoin but  to wait what will be the effect in altcoins because lets admit that many of us here has diversified folio that we are seeking in bigger return from our altcoins investments than bitcoin.
because we kept our bitcoin for long term holding while our altcoin is for easy pick and early ROI.

this is the reason why we keep saying HODL bitcoin and trade altcoins.

If you look for the difference between Bitcoin and other coins, you will easily find several clear differences that will encourage you to hold Bitcoin. There is pumping and dumping in the market but not to an unusual degree. The Bitcoin market fluctuates within certain rules so investors don't have to worry about the market too much when hiring here and holding the investment for a long time. While there is constant bad news about all other coins in the market, there is not much bad news about Bitcoin in the market. And people haven't lost all their wealth by investing so far, mainly because of these trusts people trust Bitcoin more than any other coin.

What are the certain rules for bitcoin volatility? and What does it mean? You mean there are still people who lose money investing in bitcoin but they don't lose everything?  ;D ;D ;D

The biggest difference between bitcoin and altcoins is that bitcoin was created with a clear purpose, use case, and practical application. Bitcoin was originally created to be a peer-to-peer currency, Bitcoin was not created for the purpose of raising capital, making promises or drawing thousands of scenarios to deceive investors. Meanwhile, all current Altcoins are created for the purpose of raising capital, promising to bring profits to investors...using Pump & Dump tricks to scam each other. It can be said that altcoins are like gambling and their purpose is only speculation and does not bring any practical utility or application like bitcoin brings to us.

Let me make this clear to you, suppose you invest in Bitcoin and on the other hand another investor invests in Sheetcoin then whose investment will be more secure of course your investment because you have invested here in Bitcoin.  Investors who invested in bitcoins lost money temporarily but did not lose money completely, which means that there are many ALT coins in the market that disappeared from the market after the investors invested in them. Losing a coin from the market means that the investor has lost all the money invested in that coin, but this is not the case with Bitcoin. There may be volatility in the Bitcoin market but we have never heard news like this completely disappearing from the Bitcoin market and I mean it.

More risks also mean more profit. Short term investors or those who do trade accept the risks no matter how much there is because there is faster generation of profit compared to if you hold long-term. 
Most traders have that as their daily job or primary source of income that is why they have nothing else to worry about but if you have other things to worry about, long-term holding would be the best type of investment for you.

I get it and that's also the difference between investing in bitcoin and altcoins, and we should only hold bitcoin for the long term. 1BTC=1BTC, as long as we don't sell our bitcoins we won't lose anything because Bitcoin can be dumped but will always recover afterwards, while many altcoins after being dumped may never recover.

But to be able to do that, bitcoin needs the utilities and use cases I mentioned above. As long as the demand for bitcoin remains, the price of bitcoin will always recover and increase stronger when demand exceeds supply.

It is necessary to diversify investments and not be left out of price increases. Every investor should allocate a certain percentage of their money to Bitcoin and invest the remaining amount in altcoins or other types of investments.

The nice thing about investing in Bitcoin is, as you said, it gives me a little more comfort than when I hold other cryptocurrencies. Since Bitcoin generally determines the direction of the market, it is easier for those investing in Bitcoin to wait.

It is necessary to catch the altcoin season. One of the biggest advantages of diversifying investments is to make a profit without missing opportunities.

I picked out this  solid point you mentioned - the main reason we should hold our Bitcoin is for future benefit. What really happens now does not really matter,  because if we choose to follow the price we wont be consistent in buying more Bitcoin to our portfolio.

There is no way one can hold Bitcoin for a short term without being tempted to trade or do some short term practice and that is where the high risk comes in. Someone just holding their Bitcoin in the wallet without doing anything to it will surely still have the same fraction of Bitcoin that was deposited there, the value may vary due to price changes of Bitcoin in real time.

Those people who have gained experience in the crypto market will not only invest in Bitcoin but will definitely take advantage of altcoins investment. Bitcoin investment is for the longer term because it is already expensive in its worth so people want to make double profit from it through keeping it for years.

Altcoins are lower in price but people keep it for a short period because they are not guaranteed for further elevation so people like to take the little benefit from it without putting their money at risk. Bitcoin is guaranteed investment asset so people are not afraid about its declining even if they keep it for years they are not distress because they know that it is just temporary.

Diversifying in to altcoin for newbies in to Bitcoin for me it  is not advisable especially at the early Bitcoin accumulation stage where there should be focus on sizing every opportunities that shows it self in the market in order to build a solid and sizeable worth of Bitcoin up to a reasonable amount. However any one getting involved with other coins other than Bitcoin shouldn't do more 10 percent size of your Bitcoin investment in to other coins as Bitcoin is the best among others such that the performance of other coins solely depends on Bitcoin performance and Bitcoin is less risky as when compared with other coins. Having a Bitcoin non related investment can also be good in terms of diversification, such as selling commodities, land, gold real estate etc.

That's precisely the reason why BTC is more valuable than many of the "zillions" of altcoins listed across mainstream crypto exchanges. Bitcoin delivers real use cases unlike any other "shitcoin". Developers continously innovate to help keep BTC the best sound money in the world. Not like "meme" coins which are only driven by hype. Most of them have almost no development activity compared to Bitcoin.

The pioneer cryptocurrency (BTC) is and will always be the best cryptocurrency in the world. Set yourself forward 10 years from now, and you'll see impressive results in your investment. Why bother wasting your money in experimental "shitcoins" at all? :D

Well, it's true that BTC owners with long-term goals will definitely get bigger profits than those who invest short-term, even though BTC has experienced a decline, as we can see, BTC has risen again, so I don't think there's any need to panic too much because the Bitcoin cycle has been implemented and there we just wait for btc to reach a new high and we can sell or hold until the price of BTC is higher than the new high that has been reached now

I think the reason why many are interested in holding BTC and maintaining it for the long term is not only because in my opinion there is a lot of great potential that BTC has in terms of technology. If the main set just wants to quickly double profits, I think that's a very basic idea, but let's look further into the future of what actually exists in BTC. That's just the totality of the name.

Bitcoin making new all time highs is not enough reason why anyone has to sell his investment if the plan is to hold for long term, what should be be most considered before selling is how much of Bitcoin size you have and how long you were able to hold for that is what Will definitely put any one in a good substantial overall return of investment of an expected investment goal and objectives, however it is always advisable to only sell part of your Bitcoin investment and use it as it please you and not the whole of it while you have the peace of mind to grow back your asset.

If I base my answer on the title made by OP, I will not allocate the majority of my capital to Bitcoin because my desired return on investment on my capital is more than 10x. As far as I can see, that won't happen with Bitcoin.

Because this bull run is only up to x5 times 6x, it can only reach bitcoin. But if I allocate the majority of my capital to my top altcoins, it is more than 10x possible if I experience a return on my capital, for sure. I am just telling the facts.

If we are honest with ourselves, we know that isn't true, and that the majority of people getting interested in Bitcoin or other cryptocurrencies are only into them because of the potential profits they can get from them after making investments and they barely care about their technology or the properties and what they got to offer. Ask some random Bitcoin or cryptocurrency investors a few questions related to the technological benefits cryptocurrencies offer and they wouldn't be able to answer.

So, even though there can be a lot of people who are interested in cryptocurrencies because of what they offer and what services they can provide, most people wouldn't have anything to do with that and they are happy as long as they are getting profits and they will find another place if they seem to get no profit anymore.

It is true that to get bigger profits, altcoins are an option, but this is indeed riskier, but by choosing the top altcoins, we can also reduce the risk, I think if you have large amounts of money, investing in bitcoin is quite profitable, However, if we want bigger profits then altcoin diversification would be better. it all comes back to personal decisions, after we know the characteristics of each, especially if we are good at analyzing, then choosing a particular altcoin can provide a 100x profit

If Bitcoin can hold then surely Bitcoin will come back in good shape as at one point the price of Bitcoin had crossed $60k and dropped below $15k and at that time many expected that the market might not recover from here. But proving everyone wrong Bitcoin touched its all-time high in 2024 and till now Bitcoin is around $70k. 

Other ALT coins are not at the same level as Bitcoin. Here we can clearly understand the difference. Every investor should plan to invest in Bitcoin as well as he can invest in other coins in the market with a small amount of money but it goes without saying that Bitcoin will always be the reliable investment platform.

Just as you said bigger profits come with a greater risks . I know making good profits is nice and exciting. But still that doesn't mean one should risk his money , because investing in Bitcoin has already ensure you that you're in the safe side, though alt literally bring more profit and that . But still Is better to make small profits than to lose your money In some worthless project, that may pump at first and then dump without any plan of bouncing back.

When comes to investing you have to reason the kind of risk you can flow with , but if you have strong risk tolerance and you still feel like investing in some alt , all I can say is invest wisely and don't compare the alt coin to Bitcoin.

Bitcoin is seen as an asset that is why we keep seeing more people invest in it and the cryptocurrency entirely.
We all want to make money since the fiat is nit adding any additional value to us except from using it for payment and other things. Bitcoin has a value than us why more people are still going to invest because one can easily make money by buying and holding as much as possible. The crypto market is becoming diverse and more people are already making money from it that is what we should always take every single opportunity to invest when the price is low so that one can earn as fast as possible.

Bitcoin is the best and other altcoins are just increase the number of Cryptocurrencies. If not greediness the purpose of bitcoin has been actualize which is to buy things digitally but man with business orientated mindset diverted the core purpose of Bitcoin to investment and now everyone is investing and no one is interested to accept Bitcoin in their business though National Governments are also disturbing the commercial aspect of Bitcoin because if they discovered that you are accepting Bitcoin in your business then either they will come and close down your shop or they will take huge tax from you or block your bank accounts.

Then another reason is the transaction fee is too high so because of all those factors we all went into investment.

It will only be a wrong idea when they sell all the amount of bitcoin at one time especially when bitcoin reaches a new ATH like this year, but the idea will be effective when an investor only sells part of the accumulated amount of bitcoin he owns, and indeed that's what we always recommend everyone to do when the price of bitcoin reaches its highest point, at least you have to cash out a portion of your net profit outside of the first capital allocated to enjoy as a sign of gratitude to yourself because you have been able to maintain it for a relatively long period of time.

That's what I always do every four years when bitcoin enters the halving phase, the most comfortable house is almost everyone's dream and I managed to make it happen with the profits generated from bitcoin this year by waiting for approximately 3 years with the DCA method consistently, but even then I didn't take everything, at least I still saved a number of bitcoins that I would always increase the amount every month and maintain that consistency until 2028.

It is a very safe method by which we can be fairly sure how long the Bitcoin hold will pay us. So investing following DCA method and applying some analytical knowledge can expect to get good returns from it. So increasing Bitcoin holdings or investments will help us fulfill our aspirations.

Of course. It's always about making money. Long gone are the days where developers and investors actually cared about crypto's usability (not turn it into a speculative playground). BTC is the one crypto that started it all. It's this reason why it has the most attention. Since it was touted as a digital store of value, people buy BTC and hold it with the hopes of making a return in the long run.

The deflationary mechanics of BTC should make it more valuable over time. Even if fees rise to unbearable levels, that won't stop people from investing in BTC. Especially when they rely on third-parties (custodian) to manage their holdings. The digital cash aspect of BTC has faded long ago. Who knows what will happen in the future?

Agreed other currencies are not as secure as bitcoin long term investors are sure to get good returns. For new investors the risk is low just waiting for the right timing. Due to the fact that bitcoin is a safe currency and with quick profits there are many investors who choose bitcoin as a savings for their future.

I think the main reason why bitcoin can't be held for a long period is the low savings that people who trade have. Big traders can wait for years because they have a lot of money to invest in other coins and also have a lot of savings. I'm saying this because when I started trading I didn't have enough budget to buy bitcoins and sell them back. Then I would buy again and sell for a small profit, so I can say that a lot of people know how much Bitcoin can give them years later, but they don't hold it for long because they don't have that much money.

And it's true that if someone has enough money to hold Bitcoin for a few years, it will give them a lot more leverage than if I had enough money three years ago, I wouldn't sell. If I could have held till today, I would have gained 10 times, but unfortunately, I didn't have that much money and I couldn't store much except a little bit of it.

I have been holding BTC as my biggest share of my portfolio but I admit that I've got some altcoins too, some are good to be lost forever and I won't mind that and some are I am counting to make some profit. But even with that, if I profit from those altcoins, I'm going to convert that into BTC still and that's why I'm just trying to get to that point. I haven't sold a lot yet and still waiting for them to have some fruitful gains this bull run.

I don't think there is anything like quick profit when it comes to Bitcoin investment because if there is anything like that people would have become rich by now, and even trading they feel it brings quick profit is not even easy getting the profit because is too complex for most people to comprehend and also very risky, so perhaps you could just say it will bring profit after holding.

Thanks for the nice wording, but I call Bitcoin a magic wand because it can offer better returns than other cryptocurrencies with minimal risk. Its truth is proved by the profit rate of those who invested in Bitcoin until recently. But it is also very important that investments should be diversified by analyzing the market to identify the best currencies that can be better known from the economy. And since the crypto market is quite volatile and uncertain there is no option to exercise caution.

Not simply digital cash. Better than gold, far better. Its limit. When everyone wants a piece and you're limited? Value rises. Simple economics. Transaction costs are a problem. But every great idea has growing pains. We innovate and fix. We improve them. We make the best. Holding Bitcoin goes beyond money. Believing in something greater. Regaining control. Avoid letting big banks and governments value your money. About freedom. Smart people manage their Bitcoin themselves. Money belongs in your pocket, or digital wallet.

A new financial era has begun. A better time. You're more than an investor if you own Bitcoin. You're pioneer. You're part of something huge. Something incredible. Something thats going to change the world.

The main benchmark is not necessarily to use the DCA method for people who already believe in Bitcoin and also with the potential profits that can be obtained through Bitcoin itself. Because everyone can immediately buy Bitcoin when they have cold money that they don't use in other sectors and set it as an investment for a much better future for each of them. I say that because I believe there are still people who are unable to carry out the DCA method even though it is a simple method that is not so burdensome if it can be carried out regularly.

Choosing to place most of it in Bitcoin, I think this is very appropriate because we all believe that this asset has very good developments from day to day and choosing several good altcoins so that we can make a profit, of course this really helps us in collecting Bitcoin as a long-term investment. to be able to make a profit from holding Bitcoin assets and I am very sure that you will be able to make a profit when the price of Bitcoin has increased in the future.

Holding Bitcoin for the long term is fine, but keeping it in a wallet for the long term will definitely improve from here in the future. But the biggest loss you can face if you hold Altcoins is that you notice the only people holding Altcoins going bankrupt. Especially since many projects are getting destroyed from the market, so in my opinion it is best to hold on to Altcoins and give up hope of profiting. However, you can be successful with Bitcoin in the long run.



For the most part, the person holding the bitcoin has been able to improve for the most part in holding bitcoin. As you can see, if the price of bitcoin drops a bit, it is more likely to recover and recover within a short period of time. But have you ever thought that once the Altcoin market goes down, it takes a long time. So you will focus on Bitcoin.

If we look at what has happened in the past, it cannot be denied that the price of Bitcoin always soars high, so it is very likely that this will happen again in the future, so Bitcoin is considered a very promising future investment. I think everyone agrees. For this reason, however, the price is already very high and the waiting time is not short, making all the benefits you will get worth it.

Those who are unable to perform the DCA method are excluded because they have the ability to profit from trading or investing in Bitcoin using other methods. But I believe it would be very helpful for those who are capable of performing DCA to make calculations by combining this simple method with other methods. However just as there are differences in investment methodology there are also differences in people opinions. Again skill differences also play an effective role in creating differences in people's investment. In any case our main goal is to make a profit by investing in Bitcoin.

Holding your bitcoin in non custodial wallets will help you many things: first of all, secure your bitcoin with private keys, it's always  your bitcoin; second it helps you to less involve with trading because from your non custodial wallet, you need to move it (on chain transaction) to an exchange for selling. You will less likely involve with trading than if you store your bitcoin directly on centralized exchange.

Holding altcoins is one of most terrible investment idea.

How many altcoins failed (https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed)

But if you have plenty money to invest in decentralized currency, no just invest only in BTC despite BTC is the king among other cryptocurrencies but you need to add other cryptocurrencies in your BTC in case the price of BTC is not pumping, and you are in need of money so that you can use other to solve the problem.

When you hodl BTC during the bear run, you will never regret for hodling that coin long because it is a coin everybody want to hodl to have access to a bigger profits when the bull season occur in the market..

I'm hodling BTC and ETH right now which I will not sell yet and am not worry about what is happening to the market price, but I know the price will still going to hit higher in the future.

A good faction of people are interested in crypto because they want to make money from them, not necessarily because of utility. Why would anyone restrict themselves just because of the opinion of a random person?

I would like to make it simple, you should hold onto Bitcoin because it's like digital gold. It's limited, so its value can go up over time. Plus, more people and companies are starting to use and accept it. It's also a cool way to invest in the future of money and tech. Think of it as a long-term game with big potential rewards.

That's why we have to realize that in the end investing in bitcoin clearly takes time and indeed this is not short so don't have too many expectations that being in bitcoin can get huge profits in a short time because that won't be possible.

We have to gather strong confidence and determination because in the end being in bitcoin is not only about how we buy or sell but we have to be aware that the time we will have to be in bitcoin is not short so we have to be prepared by holding back and strengthening ourselves mentally when there is some things that we cannot avoid as the worst possibility. This is a situation that is actually more difficult to do because when it comes to bitcoin buying and selling is a simple matter but holding is a different situation.

Even though I don't believe that we should only make investments in Bitcoin, I agree that when it comes to the long term, Bitcoin is the only option that seems to be the safest because no matter how good some altcoins are, there are a lot of new projects with a lot of hype and functionalities and people are saying they are going to become successful but you never know, times change and so will the things around, but Bitcoin has proved itself worthy of the trust it gets from its investors.

So when someone thinks of a long-term investment opportunity, the first option that must come in their mind should be Bitcoin because it is trusted, it has a great value and it tends to regain its value even if it loses it sometimes which is a great thing and it is not found in every cryptocurrency.

Bitcoin was designed to be a currency from the start. The fact that now people considers it to be "digital Gold" is another story. The deflationary model, and limited supply might have something to do with this. Since "Wall Street" is now in the game, Bitcoin's use as "digital Gold" is unlikely to change anytime soon. Especially with the high fees and slow confirmation times.

BTC is the one crypto that started it all. So it makes sense to hold it in the long term. I'm confident it will reach a new ATH soon. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. ;)

Bitcoin is the main digital currency. All eyes are on it. When we talk about digital currency, Bitcoin is immediately in our minds, so it's very easy to collect Bitcoin and hold Bitcoin. That's the reason why I hold Bitcoin until now. I also believe that Bitcoin can make me rich. In the future I am very sure of that.

I also think that the bull market is not over yet, its final bullrun phase awaits us, then Bitcoin will show growth and reach ATH. But I’m interested in what will happen next, how much of the bear market we are used to will continue, could it be that the funds and the adoption of the Bitcoin ETF will somehow affect the price of Bitcoin, for example in such a way that the price will not fall again in a bear market, as we are used to? Or the intervention of funds will make bearish cycles longer than we are now accustomed to.

And that is why those who have gradually invested in Bitcoin and followed the DCA method have been able to get the results they expected. And those who have already got the opportunity to invest more have already reached their desired goal. But since they invest by researching the bullish and bearish markets of Bitcoin their success rate is pretty much guaranteed. So I am still increasing my investment to enrich my investment to achieve my full goal.