Bitcoin Forum

Am still new in this space both in cryptocurrency and in this forum and seeing what is happening even to stable coins lately make me decide to put all my investment funds into Bitcoin since Bitcoin has never crashed or a billion coins getting minted out of no we're and dump into the market just like Luna tereUSTD did, so for your peace of mind I advise newbies to rely only on highly decentralized crypto Bitcoin. Until you learn enough to decide which risk to take and which not to.

Putting literally all your money into Bitcoin is not a good idea, not in a sense that you should buy some alts, but in a sense that you should have other investments and free cash. Rule #1 is to never invest what you can't afford to lose, and no one can afford to lose all their money.

And as for alts, no one should be touching them, newbie or not. Fundamentally they have no value.

Free cash? You mean fiat, he can be able to convert some bitcoin to cash if he wants, I can easily convert bitcoin to cash if I want. Also he can easily convert bitcoin if he wants to invest in other assets like gold. I do not see anything bad to leave his asset in bitcoin but it will be good for him to know how the price of bitcoin can be volatile but leading to all-time-high again.

Some altcoins have value but just that we do not know the next that will follow luna, people should only risk what they can lose on altcoins, that is how I see altcoins.

Yes, it's stupid to not own any fiat. Any investment can crash, especially Bitcoin, with which it happens regularly, so converting it to fiat might be forced to be at a loss. A strong fiat currency like USD and Euro is not going to lose its value overnight. Inflation is predictable.


Risks should be managed in a way that a potential reward is higher than the downside. With altcoins there's only downsides. They have no future, no one uses them, no one will use them. In 10 years globally nothing changed with altcoins - they have no adoption.

Your choice about Bitcoin is good but the idea of putting everything in a single coin or investment was not a smart move. I suggest for you split your funds to some altcoins, but not shitcoins. You can see a lot of potential altcoins, putting some chunks on them gives you some peace of mind that whatever happens to other investments you won't lose all your money, and they're still a way to help it recover.

As newbies, we need to widen and enhance our knowledge about crypto investment as there is no excuse for being not able to understand the risk.

personally, I am no longer sure that the euro and the dollar are more stable than Bitcoin. I'm even in a big dilemma whether it's better to keep savings in Bitcoin than in Fiat. the strength of the euro has been much lower than just two years ago. (all triggered by the Covid crisis, now deepened by the war)
it would be very interesting to see some analysis of BTC vs FIAT in the last 2 or 3 years.

What I just see is that it is ignorant of people that are leaving money in fiat because the government like to do one thing to fiat, to decrease its value. For spending, you are right, but I can not call it stupid, I will call it necessity because it is hard for some people to buy directly with bitcoin and they do not have option than to convert to fiat.

I will agree to this, if I invest in altcoin and I am lucky and make profit, I will sell it for bitcoin, definitely.

To be sincere, bitcoin is a speculative asset, its price is volatile, but I understand your point, after long time, bitcoin price will have more value but fiat will have less value, which means you mean safe haven, not stable. For any fiat, what the amount of the fiat can buy today, it can no more buy it in 10 years more after, 10 years is even long, in 2 years especially in countries that have high inflation rate.

Next 2 or 3 years, I am expecting bitcoin to hit all-time-high above 100k.  :D

Considering it was never crashed and turned the price to zero but you must understand the volatile nature of Bitcoin.  You didn't predict when the correction will occur and will it will pump, so the best thing that you can do is wait for the perfect opportunity to have a profit.  So my question now is, are you willing to wait for that perfect time that will come?  The comment above was right, invest only what you can afford, an amount that you're willing to spend, not the source of your daily need.

Or more than that, it will remain unpredictable.  But the price you've mentioned seems not possible, it could be also next year.

Heard the saying about " All your eggs in one Basket " ? Huh ?
Mate! I think you should reconsider this for me, as diversification won't be a bad idea.
For long term purpose Bitcoin! For Profits making I'll say some alternative coins, but be sure of what you're delving into.
Asides Cryptocurrencies, there are others means you can put your racks Real Estate and some landed properties.
Don't chase quick money as you might get your ass Fvcked!!

unlike Bitcoin, altcoin can make a 300% profit in a relatively short time. the same thing is the other way around in bear.


Just imagine, UKR/RUS war be over in next 6 months, how much investment will be needed to repair the damage, in addition, to a slight stabilization of the energy market. Bitcoin and crypto can be an ideal solution to make everything easier and faster. I would not exclude such a scenario.

Bitcoin's price has crashed several times.

2011: 93% drop
2013: 70% drop
2013: 71% drop
2014: 78% drop
2018: 83% drop
2021: 54% drop
2022: 60% drop

Good choice but let me remind you that even bitcoin is decentralized dont hope for a no down scenario. Even its the number 1 coin it is still subject to risk and volatility. No project can even be safe, and even stablecoin arent see what happened to Ust and some stablecoin that shows depletion like dei. So its better to be cautious.

You yourself write that you are a beginner. Why do you advise everyone to invest in bitcoin so much? Did you make a profit? Have you heard the stories of people who also lost a lot during the bear market?

When advising all beginners to buy bitcoins, you should have good experience, having gone through both profits and losses. Otherwise, your beginners, believing you, and in the future, unable to withstand the proper time for growth, will begin to blame you for their losses. Feel free to tell the whole truth to people.

yeah, true, that is the stupidest thing someone can do but when OP said "all my money" he probably meant his investment fund(which he mentioned in the original post), but yeah, it would be a lot smarter to also invest in other things and not just focus on one and don't ever think about touching shitcoins.

OP should probably need to clarify when he says "all my money" in the title.

Bitcoin is one of the most trusted and safest crypto coins for everyone (not only newbie)...

until now Bitcoin is the only crypto asset that is decentralized and safe from rug pull and also scams. the identity of the satoshi (the creator of bitcoin) has never been revealed which makes Bitcoin very strong and reliable. centralized assets such as LUNA at any time can be rug pulled or delisted from the exchange, never buy LUNA.

Bitcoin is a good coin but you should still not put all your money to Bitcoin, that’s too risky and that is not the rule of investments here, diversification is still possible. Honestly, the incident with LUNA wakes up many hodlers because that is a sign that there’s no stable coin here at all and everything can dump in just a week and it can also happen to BTC, not a FUD but a more possible scenario. Bitcoin dumped so many times before, its just that investors are keep on coming back so be careful and don’t trust that much, better to take profit all the time.

Well good decision on your end, hopefully though, the money you put into bitcoin will not be withdraw in short amount of time because maybe instead of gaining some, you will lose short term. As for the Terra, well it's shitcoin anyways so we really don't trust those kind of projects long term and it really damage crypto space in this worsening situation after the covid-19 ripple effect globally.

Yes, I would tend to agree on this, at least in my case this is what I did early invest money that I can't afford to lose so I didn't profit that much. So I will just talk about experience and and say that it's not a good idea to put everything in one basket, just saying.


Maybe except Ethereum, but then again, it has it's own problem but at least the chance of the price going literally to 0 might be slim as compare to other altcoins.

Yes many of our friends have become victims because they have bought a lot of Luna.
Even though it is true that bitcoin is the right coin for us to invest in the short or long term, at this time I am still hesitant to buy it because the market is still signaling that there will be another decline.

Probably don't do that? If it was solely for crypto investments portfolio then I guess it's okay but if it's overall investments then you should really widen your portfolio and start investing in say, stocks or others. It isn't really a great idea to invest only on one asset/investment, even if we do consider how good of a project said the investment is. As for altcoin investment, you can try investing on them but never let it stay for too long. Most altcoins are carried by hype so once a certain period passes, it just goes and buries itself down to the ground.

Really depends on your age, when you young and poor its reasonable to take higher risks.  This is standard investment protocol, doesnt mean you have to take just 1 sector but if you are still able to earn and increase your earnings via your career then its not completely unknown to  take excessive risks.      The other risk is you lose your health and cannot earn later so thats another type of risk to cover also.

Its good that you invest in Bitcoin instead of altcoins.

But its not wise to put all your investment funds to Bitcoin alone. When it comes to crypto, its already given that Bitcoin is the most reliable investment, however it has still risk and we dont know what lies ahead since everything is unpredictable.

Diversifying is still advisable but it doesnt necessarily mean it has to be on crypto because there are also Gold, real estate etc. Anyway, you already made a decision and as a Bitcoin holder too we only want a positive outcome.

First of all, make sure our funds for investment do not come from money that we will use to pay for our daily needs. Or make sure to avoid using
borrowed money as investment funds, that's to avoid us from problems in the future. Then regarding your decision to use all your investment funds
to buy Bitcoin it is not the right thing to do, although Bitcoin is indeed the best asset for investment. At least we have to diversify our investments,
it means do not bet our investment funds in one asset only. I suggest besides investing in Bitcoin, we should also invest in the stock market or gold.
Even if our funds are large enough don't miss investing in real-estate, dividing our funds across multiple assets I think is a smart move. As for investing
in altcoins for now, ETH and BNB are quite safe in my opinion, because I am quite optimistic that ETH and BNB will not end up like LUNA.

I think what OP wants to say is his/her portfolio in investment is more exposure on Bitcoin or in short, he/she only owns Bitcoin, no other assets like altcoins or stocks, etc.
Which for me also a good choice, but the problem only here if OP can't afford to lose it because we all know how Bitcoin volatile, especially before lost more than 80% of it's value before.

Bitcoin also crashing mate , because we have seen price from 20k dropping to 3k, that is a crash already lol so that means there is a crashing happening along the way.

and Look what happen after the LUNA Issue ? bitcoin crashed again.

But I must admit that you are truly a Bitcoin supporter and you made a perfect decision in putting your money in this most trusted currency but make sure that those amount are the amount that you can afford to lose .

I love it when I read this kind of realization. So many newbies are committing the error of risking on all kinds of altcoins. Many newbies are swallowing hook, line, and sinker when offered with all kinds of hype projects and coins. Newbies are more often the target of ICO, defi, NFT, etc because they are the ones who are still naive and are easily convinced with hollow promises. So while they are still learning the ropes, they should just rely on no other than Bitcoin.

Newbies usually hear the wrong information that investing in bitcoin is a high risk, I know bitcoin since 2013 when the price skyrocketed from under $100 to more than $ 1000 at the end of the year, at that time I thought about investing in bitcoin but because I heard the risk was high then I only hunting bitcoins from faucets, giveaways and so on.

It is actually true that Bitcoin investment is highly risky. There's no arguing about it. The level of volatility in Bitcoin is high. That itself means it is risky. You could lose 50% of your investment's value in just a matter of days. That's risk. But the good thing about Bitcoin is that if you change your approach, the risk could be greatly reduced. This is the reason why people are now recommending that investors should be setting a long term for their Bitcoin investment. It is much safer this way.

Welcome to the winning team, brother. If you’re willing to continue buying & HODL for a significant amount of time you will be very happy you made this decision.

Since you are new it is best to learn more about investing, how to get in and out, when the price is fair and when you should stay away from investing.
Now is the time to build long-term entry positions, but there is a lot of talk about the possibility of a correction in the market, so perhaps waiting a little bit may bring you long-term gains.

But if we are talking about long-term investments and you do not need that money, it is a golden opportunity.

Investing 100% of your money is not a smart idea, perhaps it is better to reduce this amount to money that you do not want to use at the moment.

Am talking about long term investment and not a short term investment and yes am well aware of the volatility of the Bitcoin market but then Bitcoin long term goal have higher profits merging, and putting up some left over funs in Bitcoin for long term is not a bad idea.
Instead of investing in some alt coin that can go from 100 to zero over night.

You did what you thought best, congratulations. But I hope all those investment funds are not money that you use for your daily life because some people say that but in reality, it is not so. They panicked when the price dropped drastically and said it was money for my daily life.

May you always remember the saying only invest with the money you can afford. Otherwise, you will run into trouble. Keep it up @OP.

Bitcoin, no matter how profitable it is, will not always be a safe haven and won't always guarantee profits all the time. So putting all your money in a single investment like bitcoin, brings a lot of risk and that one could lose everything. The reason why you should learn to diversify your investments, not only in crypto but also in stocks, bonds or in real assets. However, i don't mean to discourage newbies from investing in bitcoin, but only invest on the amount you can afford to lose.

You should look in another direction and try to build a diversified portfolio unless it is for setting aside funds that you want to look away from for a long period.

If you looking for a long time saving then I will say the idea of Bitcoin is best especially if it is money you don't need.

As long as you start doing investments, being cautious and invest into the right coins is the very first thing to do. However, even if we have invested in the best asset, the fact they are still prone to losses, investing all our hard earned money is not right at all. Yes, bitcoin is a very good investment, but we should always see to it that we are investing our extra funds, and not those intended to pay our bills or for emergency funds.

That's your choice as you have the money to invest and get lose or gain in the end. But you should also know that investing all your funds into a single investment means a lot of risks and there's no way you can have them back once you lose them all. If i have to invest, i will still invest in bitcoin because i know its high potentials, but never will i decide to put all my money in a single basket as i may lose them all in the future.

As I understand the OP, if you are a beginner, better invest in BTC first.
And then, once you get acquainted in this market, that's when you can take the risk of other projects.
So maybe at the beginning, he's all in with BTC but later on, he will explore his chances with other alts.
Certainly, it is always advisable to diversify your portfolio, as the saying goes, never put all your eggs in one basket.

I'd argue that having your money in fiat/cash isn't exactly great either. Look at the how much the inflation rates have increased recently. Plus, we're heading into one of the biggest recessions we've ever had, at least for a lot of people in their life time. Now, I probably expect Bitcoin to be effected just as much as fiat, but I'm not certain on that. What we do know is fiat will definitely be effected, and in a big way. Only have to look at previous recessions to find that out.

People won't be spending as much as they did a year ago, and that creates problems for an economy. People lose jobs, because their companies have ceased making a profit due to the reduction in spending from customers. It's a vicious cycle, which is likely to effect every currency out there. Bitcoin, in my eyes probably has the best chances of avoided issues.

However, I get what you're saying. Regardless of the way you look at it, fiat is probably going to be a lot more stable than Bitcoin, and investing all or a significant share of what you're worth, probably isn't the best idea, I'd agree. I do respect those that do though, kind of tells you they're very much sick of being a slave to society.

I appreciate your descsion of putting all of your money in bitcoin as it is the safest investment. Bitcoin do crash, we have seen a lot of major crash in bitcoin history but bitcoin always recover.
Being a newbie, you do not have idea of which altcoins are good for investment, so i like your mindset of investing only in bitcoin. Though the return on investment may be low here, but your money will be safe in bitcoins and you will never face issues of rugpull like we recently saw inTerra Luna.

Safe in terms of less risk but I don't' think safe is appropriate word for investment since there's no safe in cryptocurrency investment in terms of losses because you can still suffer huge loss in Bitcoin as you already said if the bearish trend continue and it stays there for more than a years. Bitcoin is the best investment on cryptocurrency for newbie since it's the most famous and foundation of crypto. Even no brainer can invest on it without doing TA since people will buy first Bitcoin before anything else since it has a lot of demand from all traders and all eyes is on it.

This is I good move to put your investment into Bitcoin 100%, I will like to advise you to only invest only what you can afford to let go maybe some leftover funds.

Because Bitcoin is also a volatile asset that its price can sometimes be unpredictable but Bitcoin is less volatile compared to other altcoins.

Putting 100% is not right because you are left with nothing when you needed it but if OP have a regular job that can support his daily needs and the investment is different from his daily needs then it's okay. Although, the market is very volatile but if you know what you are doing then it's still fine. We can't tell it to someone to copy this method but if they really know what they were doing then it's fine. Having a knowledge first about of what you are investing is the very first step in everything because you know better that way what risk you are facing.

That is a good idea since bitcoin is still the most trusted coin in crypto it was rank #1 and everybody knows that bitcoin will never fall into zero value. But you also said that you will put all your money in bitcoin it means you will invest all of your money? Well i will say that this was a very risky idea you need to invest an amount that you can afford to lose because crypto is high on volatility and it is fully decentralized no one can control or predict the price and even if you invest on rank #1 coin there is still a possibility that you will still loss always do a research before making decisions.

When I'm a newbie to bitcoin and it looks like I got a big profit in a short time of course the thing I do is keep buying, even any bad news doesn't make me sell but focus on buying, and after it looks like I get a big profit then I sell everything, even though it's profit but I regret it because of missing opportunities for big profits as the market continues to rise.

That's right, after what happened with the Luna coin, it became clear to everyone that Bitcoin is the safest coin to invest in the long run. Almost all coins, even the strong ones, were either attacked on the network or their price collapsed, but Bitcoin has not yet experienced any attack or collapse In price, making it the most stable and safest coin to invest, Bitcoin has always proven to be a stable currency with a store of value and its price is constantly rising, making it the best option for investors.

I'm sure when anyone invests for the first time and then gets a big profit, he will be inspired to continue investing and even put all the money there, this is natural and I've experienced when I was a newbie and made me lose a lot of money, after more than a year I realized and understood that risk is a side we have to think about.

Even if you don't explain further, we can just assume that you are just a newbie and that is the reason why you did such risky act. Yes to me it's risky because it was often said that we shouldn't put all our eggs in one basket, that means we need to keep some for ourselves or/and put some to other cryptos in order to mitigate the risk.

You are wrong when you say that bitcoin never crashed. It crashed actually many times but maybe you just have a different definition of crashed. The good thing about bitcoin is it undergoes into halving which its supply gets halved, making it more scarce so its value is expected more to pump or at least recover if it crashed.

Bitcoin is the safest coin among all cryptocurrencies, but put all of your money in Bitcoin is really wrong. Can you imagine if the cryptocurrencies crash and your portfolio decrease -50%? Obviously you will stressed out and don't know what you should do, either cut your losses or continue to hold.

Another wrong suggestion, when Bitcoin in bear season, almost altcoins will follow it. This mean it's useless to diversify to other coins, it will be good if he diversify to stock, gold, land, real estate, etc.

I agree, putting money that you shouldn't is a big trouble in the cryptospace and that shouldn't happen at all times. We should be investing in the current situation and we should be saying stuff that are a bit more encouraging as well. Just invest the money you are able to lose and you will be doing a lot better, there is nothing wrong with that at all.

I believe that we should be investing something that is a bit more profitable and bitcoin is not as profitable as other stuff but at the same time it is going to be something less risky and that is how we are going to make money, with something profitable but less risky, so bitcoin is a great choice.

Everyone has their own views and of course very different from ours. if the OP is sure of his own decision and sure of his decision, I think that's very reasonable. because what we think can't necessarily be right and he can't be wrong yet because bitcoin is centralized and recovery is very fast. who knows after the OP buys bitcoin it goes up and can get a very large profit.

That kinda explain why a lot of people has lost their money in alts that they think it supposed to give them huge return. Say for example Luna, after the huge dump people are still willing to put their money into it even with 6.5 Trillion supply and it requires 5x Bitcoin's cap for Luna to reach $1 lol. That's because they have profited from it before.
If you're newbie and looking to make good return, my advice is to be patient and invest to Bitcoin for long term.

Stories like this, when people go all in, usually end badly. It is probably the biggest mistake in investing - keeping your eggs in one basket. You should definitely have risk diversification and free funds to buy bitcoin if the price goes down. It will be very painful to watch the price go down for a long time if things go wrong. And when you have free funds, you can just buy more coins. Then when the trend reverses, you will make more profit.

Maybe the OP has a high belief in bitcoin and I think choosing bitcoin to fully invest is not a bad plan as long as the person has a lot of patience.
because bitcoin is the mover of all coins but it's good if you have big capital follow the adage don't put eggs in one basket to make more profit but must choose the right coin and always follow the movement of bitcoin.

Due to lack of knowledge and some mix of common sense or being too unrealistic thats why people do really end up on getting fucked up with their investment because they do really let themselves do make out

action without any basis thats why on the time that the market had opposed on what they had predicted then they would really be starting on whining or regretting on the decisions that they had made out.
PUtting all of your money even with Bitcoin investment doesnt guarantee success although we do see the potential of bitcoin for long term aspects but there's no really assurance.
So invest on the amount which you can afford to lose as always.

^ I like people with the same instinct like this which is OP believes and admires BTC investment.
BTC has been dropped drastically but if you will compare the whole year we are still in the bullish situation that compare before we are still at the highest price compared to 2018. BTC was still on top because there are many people who believe and hold this as an asset and the time will come for to BTC will reach again into another ATH and that will for sure happen. However, putting all your money into BTC investment is not the right way because it should always the amount the you can afford to lose.

Many had lost their money in buying altcoins rather than buying Bitcoin. So I guess, even if we focus on Bitcoin alone and put a huge amount solely into this coin, I'd never think it was a wrong idea instead, it was a smart decision.

Well, I don't argue with people talking it was best to split the money, buy different coins, had multiple investments, in fact, it was there decision. But what matters a lot is how these people manage their investment coz this is a big factor that affects the results and profitability of our investments.

well, to choose bitcoin investment from all altcoins is probably the right choice. however, putting all your assets in bitcoin is not a good idea. You need to think about your daily living expenses as well as other necessities. putting it all in one investment is not good. moreover bitcoin has a very high level of volatility. Bitcoin price could fall in 1 night. it could be a risk you are facing right now. I suggest using only the money you are prepared to invest in, and for the few places you invest. It is better. however, bitcoin is the right choice, it's just that the strategy you have is not right. well, it's just a suggestion, it all depends on your decision.

I have done that plenty of times before, so I agree with this. Back in the day every 1st of each month, I got my salary and kept it in bitcoin and I never cashed it out, when I first started this was a great idea because bitcoin price almost always went up so that means that I made some money, I got like 10-20% more than what I earned from my salary and that was a good thing.

Eventually it hit 2018 and I started to lose a ton of money and it went terrible. I made a ton of debt during that period and it was a bad situation and it resulted with something that made me understand that if you are going to cash it out in under 3 months, then do not invest it.

If you really want to make it cryptocurrency you don't have to buy altcoins that have no values, because altcoins crash because some of them potentials is not guaranteed or assured like Bitcoin and ethereum. If you investment for bitcoin you are hundred percent sure that you will not lost your coin when their is surplus falls of bitcoin and ethereum but some other coins like shiba and luna will die off without resurrection

Agreed, with bitcoin it is an assured way of investment. Maybe if unexpected crash happens we need to have patience to experience the best out of the market. With altcoins this isn't promising. Being a newbie making every investment on bitcoin lower the risk whereas if it is about altcoins, then there is risk and chances of very big profit if lucky.

If you afford to do that OP why not? You're going to be a bitcoin maximalist but do you have any other investment or source of income?

If that's what all means to you then you're a total risk taker, I've been there and holds bitcoin only until I'm satisfied and has to diversify in some of the moments of my life not just into altcoins.

But also in other ventures and investments.

You did a great decision here mate , there are so many of us who loves risking in Shitcoin and then will blame the whole market when they fail in their plans .

______________________________________________________________________

Nowadays there are several occasion that we invest in this and that but in the end ? it is still bitcoin that will bring us assurance and profit  so why hesitate in something that assures you?

so Congrats mate , you did a good job in that investing.

Crypto investors have known already that bitcoin is the best asset in the market, but its not reasonable to risk all your money investing in a volatile investment. Regardless of how expensive it is, its still prone to losses so an investor should still be cautious whatever the result of his investment. I suggest leave some fiat in your account, that will be a lot safer even if the rest of your money will go to bitcoin and other investments outside crypto.

Going all in is suicide considering that crypto is volatile and doesnt have assurance.For someone who had taken that life gamble kind of decision then they should really be prepared on what are the other impacts or

circumstances that they would really able to experience once the market had made out some opposite movement on what they had predicted? Also you should have some left fiat for normal basis.

Just make it sure that you wont really be regretting in the end of the line on making such decision.

Bitcoin for sure is an assurance although not in a making profit for a short time since it has a cons too and that is getting profit only in the long run. But for altcoins, you can't identify your assurance there because they don't last for long since most of them are only good from the start. And I agree to OP's decision since most of these new altcoins are good at pump and dump and we know who's making profit from our investment in that and most of these developers doesn't care if you lose your investment because they think that's how the altcoin market works.

I considered you as not totally newbie because of your behavior in market, because you shows no greediness but instead the interest and knowledge in investing , please continue that attitude for you to have a successful investing.

If you read the thread completely , It looks like OP is now trusting bitcoin about his investment and not caring About other areas and like what you said it is for long term Holding so indeed that it is His position to keep the holding and maintain supporting bitcoin.
Yes Diversification is supported by many currency and chances but for the long time knowledgeable about crypto , they completely learn that it is still bitcoin is the safest and the best choice.

This is true but at the end of the day diversification is not that bad if you know what you are doing. Best thing about the current situation is that if you could put "enough" money into bitcoin, then risking just a small amount into altcoins is not bad. By this I do not mean like ETH or BNB, they are already great and you should invest into them, I mean all those shitcoins that people invest into.

We are taking those risks because nobody really knows which one of them could go up that much. Of course they will be bad investments but just to give an example if you have 10k dollars in good ones, then having 100 dollars in few bad ones couldn't be that bad.

While it is Bitcoin is the best investment tools in crypto  yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.

Example Binance and Ethereum , then add ADA and  Monero , those coins are the safest and a secure coins to keep holding for long term.

You did the right decision mate. Some are thinking that having multiple coins for investment gives them more, well, that is partly wrong as it depends on what you invest. Yes, it is to agree with that having Bitcoin alone gives us a satisfying results.


Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.

BNB is also a good coin but somewhat centralized in my opinion and can easily get manipulated as much as I will not advise the member to invest all in Bitcoin, I can only advise he considers his decision very well before choosing another altcoin to add to Bitcoin most especially when it a long time investment.

Bitcoin may not be a 100% good investment choice but then if you invest with the right perspective one will easily.

Nowadays? we can see that it is not Only bitcoin in which can  bring us best result though yeah there is nothing wrong in diversifying and not only Bitcoin but with altcoins in our wallets.
buy coins that you understand and trust.
keep them long term and never panic when there is dumping .

Since you are just a newbie, I think this is the best and safest option that a newbie can do.

I just hope that other newbies out there will do the same because newbies are prone to scams since they have little to no information with regards to investing in crypto. Now as you gain more information and knowledge, you might try to invest into some top altcoins as well to diversify your portfolio. Some might say that "putting all your eggs in one basket isn't a good strategy," and yes I agree with that but if you really want to invest into crypto and you are still a newbie then putting all of it would be better than investing into some new projects out there which has a higher chance of becoming a scam.

I just hope that OP will not panic at all and has a exit strategy :).

As much as I like Bitcoin but realistically, there is no safe investments. All of them has risk associated with it, but only differs on the level of risk that particular investment bears.

The OP did mention that Bitcoin has never crashed, and we all know that's not entirely true. Bitcoin crashed several times which is actually happening currently too. So, If the OP is not aware of that, then that might be an additional risk for the OP as he might freak out If by any chance Bitcoin falls under $10k in the coming months.

This is a good decision for any newbies to embrace in the community to be part of the successful investors in the land. Investing all your money on bitcoin will really help you to grow faster in profit making because the price has decreased to $28,000, to allow people to embrace this opportunity to prepare well for a better future to come. I spend a huge amount of capital on bitcoin investment when the price decrease to $30,000 few weeks ago that is giving me full confidence that the price will definitely hit $80,000 before the end of next month.

If let say btc falls 10k then it is really shocking for all and not only for the op but we that have more experience can easily cope up with it.

@Questat I believe you with that. Indeed that having a lot of coins on our portfolio is stressful because we need to monitor each of them but if you only have one coin in your purse, you can worry less. They can say that it's risky but you can just ignore them because it was still your investment not theirs. They think that btc is risky because it is too volatile but if you know what you are doing, you are calm and patient enough to hodl for a long time then nothing bad will happen to you but you only need to make sure that your keys are on a safer place.

Being this much different from people matters a ton, it is quite important to make a lot of difference and understanding the market means that you could make a profit from something that other people can't make a profit from. That is a benefit that only a few people could have. There are tons of people who are not in crypto all together, and leaving that aside even most of the ones who are in crypto do not know what to when the price goes down.

People who are veterans of crypto and have faced these type of situations know what they should be doing and that is a good thing. I personally prefer buying when it goes down, but the nature of going down means that someone must have sold it and got out.

Obviously a diversified portfolio is best and nobody should have 100% of their funds in anything.  I'm not sure I'd agree with alts having no value though.  Bitcoin isn't a smart chain.  There is plenty of need for a smart chain to exist and competition is the only way to see improvement accelerate in the space.  As soon as Bitcoin became a store of value instead of a useable currency, the door flung open for everyone to try and create a better chain that can function as a p2p currency.  My portfolio is nearly all Bitcoin, but ignoring the gains that have been made over the last few years in metaverse coins and L2 solutions doesn't make you a smart maximalist, it makes you a tunnel vision investor.

Decentralized is still the key, though it can also be manipulated by the whales but at least there’s a higher chance for recovery. Newbies right now should do the same thing, I just don’t like the idea of going all in because there’s still risk here and the market offers a lot of opportunity so it is still better to diversify. Imagine if you are able to buy at the bottom price, in the next 3 years the price will surely become more expensive.

Going all in with Bitcoin is lesser risk than to go all in on small projects, this can be a safe place for a newbie to put their money while learning the market and how it works. There’s a lot of new investors afraid to put money on small tokens, and that’s a good decision especially if they are still not familiar and don’t know what to do yet. Bitcoin will rise again, those who are able to buy more holdings are the real believer, the next halving also about to happen in the next coming years, most probably it will bring the price again. I also suggest to newbies that you don’t join any signal group, because you might lose your focus to learn if ever and that can mislead you on where is the right place to invest.

The price of altcoins is based on hype, artificial pumps, irrational speculation. It's not based on real world utility. That's why altcoins come and go, coins that had billions in marketcap yesterday are forgotten today. Smart contracts are only used in crypto sphere itself - trading crypto for other crypto, gambling, creating tokens, etc. There's no company outside of crypto, big or small, that somehow utilizes smart contracts. Despite this being the original claim behind the "world computer". Vitalik was promising how Ethereum will automate the sale of electricity, for example.

And as for use for payments, Bitcoin is still far better than any altcoin thanks to LN. Because Bitcoin combines the robustness of its network with instant and nearly free transactions of LN, while altcoins have smaller network that can be attacked or exploited.

As a newbie in cryptocurrency I have always invested in bitcoin because bitcoin is the only coin I can rely on no matter how the market is bearish. Bitcoin is the best coin to invest in when it comes to long-term investment,  I think as a young investor it is best to start with a coin like bitcoin that is well reliable even when the market is bearish,  because it will definitely comes up.

To understand and see the advantages and superiority of bitcoin over all the other cryptocurrency, you need to survive the fall of some crypto in which you have invested. Of course, it’s not at all necessary that you personally invest in this, but when your money is at stake and you see how it melts before your eyes, it’s great sobering. After seeing such a whole touch of naivety that you can take risks for the sake of obtaining a possible large profit by investing in altcoins, it instantly disappears.

In general, I support your decision to invest all available money in bitcoin without splitting into altcoins. In my opinion, these hypothetical opportunities to make good money are not worth these risks.

People always say that in the long term bitcoin still has the potential to generate profit for its investors. We know historically that bitcoin was down 90% more than ATH but look what is happening now, bitcoin has risen and is providing good returns for its investors. I am a firm believer in the long term the bitcoin price will still increase, I know it is never guaranteed by anyone but the growth in users and adoption has given us good hope of having something great in the long term.

If it is for the long term, BTC never disappoints us. Just learn the price history, after a bearish, there should be a bullish period followed. Even, every 4 years, BTC has another ATH (a new ATH). This means that BTC always recovers its price, and people shouldn't be worried about the potential of BTC investment in the long term. Sure, there is no guarantee about how long the BTC exists and how the adoption of BTC in the future, but it is always growing fast nowadays. It is a sign that BTC begins to be a crucial part of human daily needs, which means to have hope for a long last.

This is true, people should know the reality of the market than just investing without any prior understanding. Bitcoin provides good profit in the short term for the luckiest which happens to very few members. Apart, it is an asset that assure profit in the long term. Some gets panic in between and ends up selling in loss. This should not happen, we should have the trust and the patience to profit from the bitcoin market.

Bitcoin is falling seriously i don't know if every body will like or wish to bring bitcoin close through investment, but this is not the right time to invest or turn all your money into bitcoin, because the falling habit of Bitcoin and any other cryptocurrencies is very scary because not to lost investment money, the investment is that if you mind permit you to invest there you can invest because buying now might give you more Profit than leaving it in fiat currency that does not appreciate

There's no 100% certainty, including bitcoin, that there should always be a backup fiat account, that's for sure. Inflation will devalue fiat money, but not so quickly that we won't be able to turn one's hand. Meanwhile, bitcoin's volatility is measured in minutes by hours and is almost unpredictable so it would be risky to hold all assets in bitcoin.

Totally disagree, not all altcoins are useless look what Ethereum has done so far. Bitcoin cannot make the success of cryptocurrencies today, without altcoins we would not be able to see the real value of bitcoin. Alt is essential if you still want the market to grow.

It is nice to see at least a newbie with some common sense, every single day we see newbies taking enormous risks that even some of the most experimented members of the forum will never take and yet they think that somehow they are going to make things work, but as you may guess that is not what happens and the people that invested in altcoins lose a great deal of their money, and while what we saw with Terra Luna is the most extreme example of this, the truth is that we see something like this happening almost every single day.

Thanks, ops I have seen how many newbies like myself make a lot of mistakes all to make big profits from altcoin that does not have sustainable market viability, for a long term sake one needs to put all in Bitcoin. In the coming days and still planning to convert my other assets and put them all into Bitcoin.

Smart choice. Too many people dive into alts because they think they will get rich. The lucky ones who bought in early do briefly make a lot of money, and then alts always crash and they lose it and sell at a loss. With Bitcoin you know that as long as you keep your money in it long term you will always grow your wealth, no matter what the short term price movements are.

Even I, who first got into Bitcoin in 2013, made the mistake of diversifying out some of my Bitcoin last year (i used to be 95% Bitcoin, 4+% ETH, tiny bit of LINK) into the various L1 smart contract platforms, thinking they were going to start taking off. Now looking at the non-ETH smart contract space all I see is desolation haha, not just from a bear market perspective but from the fact that none of them are really doing anything. I wasted a bunch of Bitcoin thinking that diversifying some into rising altcoin L1 platforms would be a good idea. Got rid of most of them after Luna collapsed. That was the final lesson I needed to only bother adding to my Bitcoin stash in the future.

Well if you fully aware that even bitcoin could always fail at any time , then go forr it. Big risk big return indeed, but for now bitcoin seems doing fine which is good for you , but still you should never forget that there is a huge risk await.

Brace yourself and wish you a goodluck putting all your lifesaving there  ;D

Acceptance of the risk i would say or we do all  know on which people could neither be accepting the risk involved or not and its up to their choice whether they would be integrating it into their business or not.

As long you accept the risk then i dont see anything wrong or hindrance for someone to make up decisions.Its your money so its your full control on what you should gonna do.

Mind off about the things that could  possibly happen if ever the market would be bitter and on the time that it do make some greens.

Never crashed? In fact, this is what we see nowadays, we are in a market crash situation where the entire market is affected including Bitcoin.

If you think that Bitcoin is immune to this, you can be wrong and I will advise you not to focus on Bitcoin investment alone but rather to split it. There are a lot of investment opportunities in your local (that are surely possible), you can invest them as well to back up your Bitcoin investment as this was a smart and wise idea.

If someone says Bitcoin never crashes, it means he has no knowledge of the crypto world. Due to the fact that not only this year has Bitcoin crashed
or dropped in price very drastically, but Bitcoin has fallen repeatedly. But what makes Bitcoin special compared to other coins, Bitcoin can always
recover no matter how deep the price of Bitcoin falls. Therefore Bitcoin is the safest choice for investment, so it is not wrong if there are newbies
who do not understand the crypto world well, finally decided to use all his capital to invest in Bitcoin. Instead of him choosing the wrong coins
for investment, but like you said it would be better if we diversify when investing. This means don't just invest in Bitcoin, but our capital can be used
to invest in several assets.

I think for newbies, at least don't just focus on investing in crypto, it would be better if the capital it has is also bought in gold or the stock market.
Even if we have a large enough capital, I think we should try investing in real-estate too. The conclusion is that investing in several assets will make
the profit we generate much better.

Maybe he expressed himself wrongly and probably meant bitcoin doesn't lose value on long run, different from altcoins which lose volume, influence and adoption as the market evolves or when their hypes are gone. So far bitcoin has been immune to crashes on long term, always surprising investors and enthusiasts positively when looking the bigger picture. Furthermore, I believe OP is already aware bitcoin is the dominant currency on this market, in every directions: upside or downside. It's bitcoin which launches the bullish and bearish seasons, while the rest of the market's currencies just follow its fluctuations. So it makes total sense to concentrate the investment in BTC, that could be considered the "cause" and altcoins the "consequences" or "effects".

I agree on the fact that, all the alts are trash.
If we invest on alts, then for surely we will end up on losing all the investments.
I don't agree with you in the fact that you are not trusting on Bitcoins.
As the OP already said, Bitcoins are the one of the largest mined coins and have great potential.
Moreover we all know that how far Bitcoins have come from 2010.
Bitcoins are limited in supply, so eventually when the demand will be more, then the supply will be less and hence Bitcoins will rise again.
So if anyone have some spare money and wants to invest in somewhere. Then just blindly invest in Bitcoins if possible.
You will surely thank me later for this advice.

As a follow up to what you have said on Bitcoin potential there speculative nature of Bitcoin is somewhat minimal compared to altcoin though not all altcoins are trash we still have some potential altcoin that has a long term ability to make upward development just like Bitcoin, even though Bitcoin is the most secured we can not total roll out the ability of other coins in the market. And for diversification of our portfolio sake, we need to balance up our portfolio. So 100% Bitcoin portfolio is not cool for me

Newbies come here usually from places that make them do like that, and that is the problem, because if you see what crypto is for the first time from a person who tweeted like "had 20 bucks in my account last year, now I am driving a lambo thanks to X token!!" and come here to buy that x token, you may get fooled.

But, someone who has a grain of brain would know that same could not happen that quickly and would start to instead learn what this is all about. I personally believe that we are going to have a lot more newbies who will be interested in learning a lot more and that will end up with something that will make them a lot more money in the long run, instead of just getting rich quick.

This is the ultimate advice ever imagine if one has put some good amount of money in Bitcoin since 2011 till date, the profits will be huge by now despite the market reduction recently but 32 thousand dollars Bitcoin price is not a joke, compared to the time of purchase. I will put whatever amount I can into buying more Bitcoin looking away from it for the next 10 years to see how far that could have gone.

Correction! Not all altcoins but there are still a few altcoins that are not based on hype but these alts are also based on speculations because that is who crypto works. They can also experience an artificial pump or often called as bull trap. Lastly, there are also alts with real world utility.

That's true but for coins like eth, doge coins and similar. They are still here despite of having those characteristics.

Of course because they are not related to crypto but if related to cryptos, we have so called auditors like hacken, which checks the smart contracts of a project if they are legit or not.

Yeah with LN in bitcoin, there's no need for any altcoins but I always wonder why people still prefer any other altcoins more than btc or LN? Those people didn't give honor to the original coin but they like to support other developers' work.

Yes all altcoins. Show me any alt with actual real world utility. And a few stores in the world accepting them doesn't count - there should be millions of active users to qualify a coin as having some utility.

This idea that there are good altcoins is precisely how shitcoins still manage to trick people, even after all these years of thousands of failed coins - shitcoins just convince people that they are one of the "good projects".

Even some of the top ranking altcoins in the market arent still showing off some utility or does really have those relevant usage or something in related which do proves out that it doesnt precisely shows that a coin

is placed on the top will really be having that kind of quality and some of them are just been built up by some hype and fomo but there are actually which are really that having real use case or tagged or in line
with some platform or services.

Terms of investing then its not always been recommendable on going all in.

Although bitcoin is very good and promising but i suggest not to put all the money in bitcoin, this is very risky, many people are crazy and stressed because of losses, of course only investing in values that have no effect is a better thing, i suggest if you already profit then immediately sell and leave some is better.

Putting money in bitcoin is more guaranteed for recovery than altcoins, so why do you say investing all money in bitcoin is risky?
if you are in doubt then make sure you buy bitcoin at the lowest price so as to avoid big losses, actually there is no loss if you still hold Bitcoin until the next ATH.

The market will always be unpredictable, if previously we saw a market trend that continued to be positive but this never guaranteed we would always be profitable, newbies or anyone else had to DYOR deeply, as is happening now, the market dropped more than 50% compared to ATH in November 2021, always wisely in making decisions will make us not regret.

It's not that Bitcoin has never crashed, it's that compared to the crashes, Bitcoin's market even in the long term still holds some guarantee that you can profit compared to other altcoins just from looking at its decade of history. It's a tried and tested investment so to speak. You'd never go wrong with investing on it for the long term, short term is another thing though since shorting Bitcoin is like shorting any other coin out there, unknown, risky, volatile, etc.

That's the catch. The entire project is about tricking people. Now who gets who first is the real question there.

In the crypto world, it is very difficult for us to predict where the market will move, therefore make sure we invest money that we can afford to lose.
So when the market moves down like what happened this year we will not panic, and will not sell cheap Bitcoin that we have. Like you said if we see
the market showing a positive trend, will not always be profitable. And vice versa, if the market shows a decline it is not always detrimental.
It depends on the decision and the strategy that we will use, therefore it is very important to do research and analysis before we make a decision.
So that we don't regret making the wrong decision, so if we see a declining market like now, don't be in a hurry to buy Bitcoin with all the money
we have. Because there is a possibility that the price of Bitcoin will still experience a lower decline, so why don't we buy Bitcoin gradually, so every time
the Bitcoin price goes down we can buy more Bitcoin at a low price. Such a strategy is much more effective for us to be able to generate maximum profit.

Tell me why shouldn't I consider putting everything in Bitcoin as that is the only stable coin on the stock market right now and if you don't guide yourself properly you will make the mistake of putting money into some altcoins whose outcome is always uncertain and highly risky just like Luna did to it, investors.

Bitcoin isn't a stablecoin though? If you mean a "stable investment" then that's why I'm saying if it's solely for your crypto portfolio then yes, feel free to invest in Bitcoin since it's a lot better than any other altcoin out there in the long term, but if you can find altcoins you think are good investments, then feel free to invest in them. But for your overall investment portfolio, try investing in something else other than crypto, say stocks. The saying "Don't put all your eggs in one basket" has always been apt in investing since it means diversifying your portfolio and reducing the risks involved if the market ever crashes.

I was beginning to misunderstood the message until you made this reply, when i saw were the op call Bitcoin a stable coin but then when it for investment as for long term with minimal risk then Bitcoin can fit into that. What most people call stable coin are coins like the UStd and the rest of the other coun that have a fixed dollar peg price.

This is the reason why people invest into bitcoin. Yes, you may have seen a bit of a fall here and there in bitcoin, but when has it never recovered? We all know that it never failed, not even once, it always went back up again and profited people. This is why if you invest into bitcoin right now, when it is low, there is a "guarantee" feeling that it will recover and go high.

Of course, nobody could tell you that it is guaranteed to recover, nobody can guarantee that it won't go to 1 dollar, but do you really believe that it would happen? It will go up and we all know it, and that is why we are accumulating so much from the current price.

If you invested all the capital allocated for cryptocurrency investment goes into bitcoin then its worth it but you can't say it never crashed, it happened in the past even now it is happening because ATH was around $65k now the price is at $29K so its clearly declined however its better coin to invest for long term.

But if you invested all your money into bitcoin alone then you are at huge risk even the bitcoin enthusiast won't appreciate that, diverse the capital into different sectors especially gold, real estate then you can buy bitcoin and all.

Bitcoin is a sure deal this period because most of the other altcoins are not making any stable movement that will build investors' confidence in their coin. But again if one is looking for some quick profits altcoins are good for that.

This statement here is already a risk in the sense that, bitcoin BTC as you've most likely read is a cryptocurrency with very unstable potential. Where your funds can be reduced to the bare minimum although it usually bounces back to it's previous position or greater as we've always seen. But that's no guarantee for short-term investments.
And don't forget to always invest what you can afford to lose.  :)

No doubt that Bitcoin is a worthy coin to include in our portfolio. Its a profitable investment especially for long term holding. But despite this we cant take away the risk thus its a must that if you invest you're also prepared for the worse outcome. Hence, everytime I buy Bitcoin im making sure that its the money that I dont really need so I can hold longer. Im not a fan now of saving my money in banks because it cant secure my future for having low interest.

A perfect decision for a newbie like you and hoping that all newbie in crypto will have the same trust and strong belief like you .
When i was new here i hesitated to invest purely in bitcoin and that is the biggest regrets of my life.

Investing in bitcoin is a good idea but it requires a huge fortune for you to have a good profit out of it. Apart from bitcoin, there are other trusted altcoins newbies can rely on. What happened to terra-luna is unfortunate but that doesn't mean everyone should stay cool by not grabbing the opportunity now that the market is in bearish conditions. To succeed in crypto, everyone should learn how to take risks.

Not so perfect decision but good enough to see how aware he is about such risk brought up by those issues happen by stable coin which fall so bad and wrecked so many investors. And now since he bought all of it bitcoins the next thing he do is to listen the sentiments because from researching the market and how peoples reaction towards the movement is important since from this we may know that the market is in good state and we will not get wrecked if market collapsed.

When it was still a newbie and tried investing with a small value and then profit, it would usually increase the number of investments and even sell anything to investment, I also did that, initially invest $ 100 then profit more than 30% in 4 months ago I added more $ 500 and so on, And stop investing when I saw the price of drops and large profits that I got back again and in total only profit was around $ 120 in 8 months.

I think I've had comparable investing experiences. Making good money but then getting caught on the big red candles.

Then getting losses on an exchange that got hacked.

After a while I went for the cold wallet HODL-n-accumulate non-optimal profit model. It has served me well.

Putting everything into Bitcoin may seem to be the smartest move to make to secure your investment for long-term purposes, but the truth of the matter is diversification is a very important attribute of an investment. So I will still suggest you rethink and make your portfolio up of quality assets that have long-term goals.

No it wasnt a smartest move because going all in is never been a good thing to be done by someone but surprisingly there are people who do really consider out on making such step because they are really that

hopeful and expecting something positive towards Bitcoin which because of that kind of positivity they do really consider on taking out such action on putting or going all in.

Being a noob wont really be an excuse if ever you would be committing out some errors but its not actually a bad act of risk taking i would say.

Market's fluctuations are unpredictable and thus in crypto, you can not trust any coin to fully get invested on. But yes, you can confidently invest on best coins like, BITCOIN, ETH, BNB and etc splitting a concerned percentage you wish but not to the whole on one coin. What if market is not fare to Bitcoin and is on ETH. So invest 50% on a coin which has high trading volume and where you trust on and invest another 25% on another top coin following Bitcoin. Keep the remaining 25% to average if some unexpected moves are observed.

I think it is safer to invest in Bitcoin alone than make a diversion with another cryptocurrency.  Why?  because it is more likely that altcoin will crash than bitcoin.  If you want to divert the investment then divert it to other ventures outside cryptocurrency.  I think Bitcoin is enough for a long-term investment when it comes to cryptocurrency.  Trading altcoins is another story though.
 

If the user have got the patience to hold, then it is good choice investing on bitcoin. It looks like the price will crash even lower. When we plan for an investment, it is a must to enter at the lowest possible price. Maybe now we need to wait for the moment, because buying at the bottom will lower the time period required to book the profit. Diversification is good, but at this moment altcoins too are in red following the movement of bitcoin.

Well when it reached 30k, I believed that was the lowest it could reach, and I was apparently wrong, I did that back when it was 40k as well, and will probably do when it is 25k and 20k too, doesn't really mean that we would be right just because we thought that was the bottom. All in all, it is going to be fine because all of those prices will be low compared to what it will be when it gets high.

I believe that we are going to break ATH again one day, maybe not today, maybe not tomorrow, but we are going to break it, and when that day comes, we are going to end up with a great profit that will make us all rich, so I am fine with buying at any price for the past month and a half.

People act as if whatever they do would be the expected thing, but you have the right mindset for being a maximalist. As long as you are capable of holding, there is absolutely no problem with buying at "wrong" price, because the only difference between someone who buys at low price and someone who buys at a high price, is the amount of profit they make as long as they both wait. Sometimes you make a profit in a week, sometimes you make a profit years later, but crypto will always make a ton of profit for everyone. I believe that we will be 200k+ and that means anyone who bought from ATH to 30k, all of them will profit, some more than the other but they will all profit.

I have always opted for diversity in my portfolio and not concentrate on only one asset, Bitcoin is a relatively stable asset and less volatile, so if you hold Bitcoin your asset may not crash suddenly just like most altcoins do and that can give you some level of confidence to hold for a long time, but if you looking for a quick but high risky profit then you can look in the direction of altcoins but don't hold for long if you don't want to lose everything in the process.

People made their anticipations before that and that is why they fill their bags with Bitcoin and some potential altcoins believing that ATH will come after this bear condition. It is a way of thinking and remembering that past that many have been missing the opportunity for they think negatively upon seeing the huge decline. But for now, they consider this a big opportunity to earn more.

Presumably, we have this ATH again 2-3 years from now. It can be a long wait which might a challenge for newbies and short-term holders but I strongly encourage them to do so, otherwise.

Most newbies will panic if the price of bitcoin drops more than 25% in 3 days, of course this is a lesson that is difficult to forget that putting all money to one type of investment is risky, but the good news is if the newbie can be patient then the opportunity for profit is very large, the price Bitcoin drop significantly like a few days now it has often happened, what we do is be patient and wait for the best time to sell.

If you have much courage and patience. It's golden time for you to buy BTC and hold as long as you can because it will break Higher High of this probably..

Nothing is assured but we've seen into those things in the past on where it do reaches out price levels or points which we didnt really expect for it to be reached out which its not bad to presume once again that we

would really be heading into that point again but for now, placing yourself into the bottom would be the most ideal thing to be done but of course you shouldnt really consider on going all in yet everything isnt assured
and always be having those other funds for other priorities in life.Investment is good but always take precautionary measures on something which you might encounter and if you do have money then you could
at least able to resolve it out.

A newbie has a simple mind, when he tries to invest and profit he doesn't hesitate to put all his money in bitcoin, but when there is a red market like today then emotional control is important, don't panic and learn from many things when it's bearish, I can only suggest don't sell when you lose, hold is better than cut loss.

This is why newbies lose their money at first, and then some of them leave (most of them) and some of them stay and make their money back.

Definitely, people who invested into Luna may not recover at all, but people who were invested in bitcoin (which as a newbie you should only do that) will recover that eventually, if you are a newbie and keep saying things like "people always say that it will recover but we are down so much!!!! It won't recover you are idiots!" etc etc, will be the ones who regret a year down the line when the price is high.

This is why I always say that veterans are the ones who do not make a big deal out of ANY movement, up or down, big or small.

Its okay if they had put up their funds in Bitcoin since we know that this is one of the most best things to be done but as mentioned on which market situation do becomes salty
then this is the time we do really make ourselves panic specially for those noobs who doesnt have enough experience which it would be mainly targeted out by
emotional aspect which is really very that common, due to our lack of experience then we would really easily panic and since you arent still aware on how this
market works initially then these are really just common reactions.

as you are coming new into cryptocurrency and you have to observe the environment and the coin god is good for investment like all this altcoins some of them don't have good potential for investment purpose and the market of cryptocurrency is getting bearish everyday and nobody is hoping for any altcoin for investment and it is sure that Bitcoin Bond is stronger than any cryptocurrency for investment purpose, a beginner all cryptocurrency is suppose to start with Bitcoin and ethereum as a primary coin to invest on because it will take time for this two mentioned coin to crash

Don't hesitate and regret if we want to invest in bitcoin, the opportunity to continue to increase is very large especially the support from top influencers like Elon Musk of course will make the price of bitcoin continue to skyrocket, newbies and experts are the same, namely the opportunity for profit and loss is also large, don't give up and afraid to invest in bitcoin.

Should we now rely on the support from individuals like Elon Musk before investing in Bitcoin, one thing for sure is the fact that most of the people you see promoting and influencing the Bitcoin market are doing that for their interests? Take Elon Musk, for instance, his company holds a large chunk of Bitcoin and is still buying so if he makes a tweet about Bitcoin many people may get influenced, and ve motivated to invest in a biased manner.

No, it's not needed. Even if Saylor ever announces that he has consistently invested in large amount of bitcoin, then you should stick to your own stand. You should invest on your own conscious decision and should not rely on other "Personal or Institutional" investors as your losses and gains are your responsibility and not someone else's.

Do not use institutional investments as your benchmark for investing because you may not be able to follow their investment patterns even though they actually appear to support bitcoin. You just have to believe that bitcoin is good for beginners who don't really understand how other crypto assets work, this will give them a bit of a safe way to invest in crypto, because at least bitcoin won't let you down in the long term.

Newbies always have the mindset of getting profit, they never think of volatility,  that the price of bitcoin can fall, when the price fall they get panic immediately because fall of price was never expected.  Newbies are always ready to use all their money to invest which is not supposed to be so. But as time goes on most newbies learn from their experiences on how to have patience,  how to hodl to avoid loss in the bear market by not selling.

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I agree. It is not uncommon on a BTC forum to have people who have either all in bitcoin or a very significant part of their net worth in it. I prefer to be diversified.

The problem with having it all in BTC as the OP comments is that some people panic when things don't go as expected and sell at a loss.

You don't have to diversify because, as you said, bitcoin is the most secure cryptocurrency. But if bitcoin is having a bad time, any other coins will feel even worse. So don't buy the whole deposit at once, but buy in parts. That would be the best strategy. And if the market situation becomes favourable, you can consider buying other cryptocurrencies.

You do say about increment purchasing or buying? Its not a bad idea since there are people who do really accumulates on everytime they do see bitcoins price plummets and solely focus into this one rather than making

some consideration on some altcoins in the market.Giving out guarantees are shit ones on which we cant really that able to tell precisely on what would gonna happen in the market even in talking about Bitcoin.

Thats why the golden rule on this market is never ever tend nor plan to all in even whether you are a noob or a veteran but we know the main differences when it comes to decisions to be made
which is totally situational and depending on someones skills and awareness towards the market. Dont go all in because whenever things out of hand then you would really be finding
yourself in big trouble.

you are right having all your investment in one channel is what crippled some people for investment. Only people that have the mind of diversifying investment is people who have the experience before. Some people who don't know exactly how the investment of cryptocurrency works is the people who think of it and know everything about how to invest into cryptocurrency, like me i don't think that people diversified investment, even in the manual investment

Putting all your money in Bitcoin is saying Bitcoin is now your legal tender. Meaning you only transact Bitcoin no more fiat, Bitcoin is better as a store of value due to volatility but when comparing it to stable coins and some altcoins it remains a better option. But to So as not to risk more than you can afford spreading your portfolio is better even though the percentage might not look even but it will save some heartbreaking moment

I think he's just talking about bitcoin and other altcoins in the crypto space. It isn't wrong to put all of your money into bitcoin without using altcoins, which is something that a lot of newbies do not do.

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

That is indeed very important Diversification as another source, if people don't do this then I think it's a wrong step, of course we should be able to find opportunities from other sources so that they don't fall at the same time, when bitcoin drops then we can see from the diversification that we use while in On the other hand, fluctuations in cryptocurrencies are unpredictable and very vulnerable to fluctuations.
Investment in various other sources must be done so that we can do good management.

All altcoins depend on bitcoin, none of them do well when bitcoin's price is falling, so it would not be wrong to invest all your money into bitcoin. There is a difference between crypto markets and other financial markets, in that they are less dependent on one another, but in the case of crypto, the rest of the market tracks bitcoin. Portfolio diversification is only true when you invest in altcoins not bitcoin, bitcoin is the safest in the crypto market.

well , it has been said already that it is better to invest in single coin such bitcoin than currency that represent altcoins because those are very risky and most of those died in sooner time.

so it is better for the said single investment than other coin to Bitcoin.


all currency are volatile mate ,except from Stable coins so yes either diversifying or not? yet  cryptocurrency are volatile and you will only learn when you experiences losses before gaining.

During times like these, we are forced to recognize the importance of diversifying our portfolio as part of our financial strategy.
At the moment, cryptocurrencies cannot provide us with the desired income, some are even stuck in the market due to their previous buy being made at too high prices that they were not able to recover from. Therefore, it is essential that we have an outside investment to support us during the difficult days that the market brings.

Newbies or Old timer , yeah there are some decided to buy purely in bitcoin but there are also many that desires buying multiple coins so maybe this is other part of the discussion.
though there are some who only invest in Bitcoin but as majority of advices you get now are saying it is always best to diversify our folio , from buying one coin and another for holding long term.

I totally buy this, this is indeed a thoughtful decision and it's a right one, Bitcoin is the most trusted cryptocurrency, in terms of security of funds, in terms of liquidity and volume, Bitcoin has it all, in terms of decentralization, Bitcoin is the father, no entity of group of persons or individual can temper or have access to Bitcoin's code, it is built to run on its own without any interference from any third party.
Bitcoin is indeed the only trusted crypto coin to start crypto currency investment with, and as the investor grow and learn how to manage risks, he or she can start diversifying to other coins.
It's a simple but very good strategy.

Bitcoin is a good choice for safe and profitable long term investment but knowing the market is highly volatile, that makes bitcoin price too prone to fall. So if its hard for you to see bitcoin price consistently fall, as well as with the rest of altcoins, then diversifying your investments through stocks, real estate, or bonds may also be a good choice. At least, when one investment falls, you still have other sources of investment to generate profits.

Well the trust in Bitcoin as an alternative currency and Bitcoin as a store of value, is why some Bitcoin enthusiasms make Bitcoin their sole currency and never look at the other coins in the market. But then one needs to make adequate provision against a rainy day by diversifying the portfolio and investing in some stablecoins that have the possibility of making good profits in the future.

Although Bitcoin has proven to perform very well in pandemic situations compared to other assets, but it seems unwise to risk all of our money
to invest in Bitcoin. After all, Bitcoin is an asset with a very high risk, because the price is very volatile and very difficult to predict. So we still have
to be careful and be able to diversify investments to make us safer, however investing in only one asset is not recommended. Especially in a bear
market situation like now it is very tiring and frustrating if we only invest in Bitcoin. As you said to maximize profit we should also consider investing
in other assets. We can learn a lot from some successful investors, most of them definitely diversify their investments and don't rely on just one asset
to make a profit.

Actually its not surprising if many investors chose Bitcoin as their main crypto investment and afraid to diversify especially during bearish season. Its because Bitcoin is proven to be reliable compared to other altcoins that has a possibility to lose their value. Thats why if the particular investor decided to stick to Bitcoin and not considering to diversify their portfolio, we cant blame them since its hard to take risk in alts (though some of these coins are also worth to invest in).

Such sell-off is what tesla did recently offloading about 75% of their total bitcoin holding, and the company sold the Bitcoin below the purchase price which is a taxable and capital loss.

The most important thing for success is being willing to take risks, if we want life to change then it is appropriate to do extreme things, namely putting all the money in cryptocurrencies, if so, the next step is to be patient to wait because I believe the market will recover soon.

Many people saw cryptocurrency as a good way of making money in exemption of fiat currency, so Bitcoin since it has thrown to air many people started to like bitcoin. Recently no average youth who is not interested or who is not into cryptocurrency, i believe that investing money for cryptocurrency weather it is large or small, it's good to invest into cryptocurrency because it's a cryptocurrency give asset and profit. Newbies investing funds into cryptocurrency is not bad idea because many people is using cryptocurrency best investment platform

But you shouldnt really make yourself to forget about risk management since we know that everything cant really give out that kind of assurance that you could make profit or even saying that this market

would last forever thats why all in kind of investment wont really give out that 100% sure for you to make profits but since we do already have the experience and glimpse about the potential specially on bitcoin which could really give out that kind of confidence which i cant really blame out people on why they do end up on having these kind or type of decisions.

As long you arent compromising much of your finances or not putting not much risk then it should be fine as long you are aware with your actions.

True, because of how reliable  Bitcoin is most people prefer to only invest only Bitcoin than to diversify investment to altcoins because of the how risky investing in altcoins can be . Since the existence of bitcoin,  bitcoin  has always been surviving every bear market and with this people found rest of mind in investing bitcoin.  Some altcoins are profitable though bit you never can tell how reliable they can expecially in the bear market.

Kinda true. However, not everyone knew how Bitcoin works.
Many believe because they have heard the hype and might only got interested because they've heard stories from the early adopters who has been enjoying their lambo and lavish lifestyle.
Many people also lost their money with Btc simply because they believe Bitcoin could give them fortune in just a few months. Until they experienced the bear market, that where they turned to become a weak hands by selling in fear that they might lost everything. They don't have any idea what will Bitcoin brings in the long run.

The points you make are good, but be careful before the meeting about longing and shorting. The fact that Bitcoin would rise from the dead every single time made sense to me. It is unfortunate that many people make assumptions and allow emotions to cloud their judgement. You can make profit on this market by reading between the lines instead of being emotionally driven and jumping the gun. Don't follow other story lines, instead make your own. There's still a lot of buying in the market.

Find it weird how everyone is praising you or is saying that you did the right thing. If I were you I wouldn't put all my money in Bitcoin or any crypto currencies. The crypto currency market is very volatile and has a lot of risk associated with it. Even though the risk with investing in bitcoin is low, you still shouldn't invest everything you have in bitcoin. What if after you invest, the market starts going down and then you need some money? You will have to sell your coins at a loss. Invest what you can afford to lose. Diversifying your portfolio isn't that bad. Some altcoins might give you good profit. Put most in bitcoin, rest in some altcoins.

Bitcoin is considered to be the safest currency in crypto, yet one should invest with proper planning like how many years you gonna hold it.

---

Who cares mate,
If tomorrow Michael Saylor sells his bitcoins, it will not bother me. Because i know At the end of the day, only those will remain who believe in bitcoin.

Bitcoin is really the best choice when investing into cryptocurrencies but putting all your investment fund is very risky thing to do. It's price is very volatile and there could be a time that when you decide to sell some of it, its price could be lower than what you've bought it. It's always better to diversify your investments to reduce the risk of losing it all instantly. You should also have a physical investment like real estate not just focus on digital assets.

The reason why they praise op is because op pick btc over those risky investments and then the op do also recommends other newbies to do the same thing. Dunno bout you but for me that act was really commendable as only few of the newbies are doing that. The op didn't say that he sold his house, car and everything only to invest it all in bitcoin, so don't worry.

Not all cryptos are volatile but there are also cryptos which are kinda stable and are literally stable like usdt busd. If there are very volatile here then that will be bitcoin. High volatility can also mean high risk but at least we are more sure that btc can recover than investing on those who are truly risky.

When the bear market happens and bitcoin goes down, I can tell you that no altcoin will go up and make you profit. Portfolio diversification is not bad and should be encouraged but there is nothing wrong with putting all your money in bitcoin. Altcoins only go up and give you profits when bitcoin goes up in price.

It can be seen that in the recent price drop bitcoin has lost more than 60% of its value while many altcoins have lost up to 90% of their value, so it can be said that it is not too risky to put all of it into bitcoin.

Good points, there are many reasons to invest in Bitcoin, like a high return, being less volatile and safe than other Altcoins etc. But as a newbie, you should learn and think before putting all your money only in Bitcoin. Because there is not only high reward but also high risk too, so we should be aware.

Investing in bitcoin has always been the most secured and most profitable in the crypto market, as altcoins are only made through the image of bitcoin. However, it’s also good to invest in established altcoins but expect that they are not as secured and profitable as bitcoin. And also, investing in altcoins are risky as it is. But you could still diversify your investments in bonds, real estate and stocks. That way, if bitcoin fails, your other investments might still be in progress so you’ll not be in a total loss.

I don't think that reasoning is enough of a prop when you state that bitcoin is the most secured and most profitable option as an investment asset in the crypto market. Beginners should get a proper explanation of that because actually they should not invest without knowing what asset they are choosing.

Bitcoin is the safest because there is no authority that regulates it. Bitcoin is a tradable decentralized asset and is the asset most adopted by adopters as its use case as a means of payment. For this reason, beginners are certainly safe to choose bitcoin as an investment asset, but it is not necessarily safe if you don't know how to store it and have the right wallet. Bitcoin is also not the only asset that is most profitable (if it is about investing) because for some altcoin investors the altcoin is also the most profitable when ATH is reached. This is clearly different based on the perspective of each and your financial strength in investing.

Its not secured and not assured or something absolute in terms of investment because we dont know on how long it would actually last thats why its never been recommendable if you do go all in with this investment.

We've seen there are some people who did make such step and hope that it would pay off when the time comes.We've seen how bitcoin rose its value over a decade and this is the main reason on why some people

couldnt really just avoid on taking huge risk on getting all in because they do know the probabilities that could really happen in near future although not an assured thing but at least
we do have some good glimpse into its potential which people been holding or hoping for.

but we cannot deny that many of us already made income  in altcoins and still making money out of altcoins but of course the safest that we cannot deny is that Bitcoin is the safest and the worth a wait investments.
maybe it is the time duration? because we have already knew that bitcoin is perfect for long term holding but altcoins? not sure of it actually .

exactly, diversifying will extend also our chance to make money either in short time and long term .

Actually you can still get more profit if you have enough patience when investing in Bitcoin because Bitcoin is very suitable for long-term investment so there is no need to panic when the price declines in the market. Now try to apply your investment again into Bitcoin and start to be patient waiting for the profits to come so you can feel more profits through Bitcoin investment.

You could have targeted a long-term investment for Bitcoin and you will see a better result.  Bitcoin had already proven itself that it can recover, history will show us how the Bitcoin market behaves and possibly show us a pattern that we can use to our advantage.  I hope you won't panic sell next time when the price of BTC crashes, the price will surely recover and even get to new heights.

I think for those who have been at least in 2017, witnessed the great bull run, one has to think that it's better to be a long term investor. I guess it's the mentality though, it's going to be very difficult for others to hold at least one full cycle of 4 years to see where our investments goes.

Nevertheless, for those who have been their, for sure, they know that this bear market is the best opportunity to accumulate again, hold till the next bull run of 2024-2025.

Newbies always think about making profit from bitcoin,  they always believe in the profits that it will surely come but they fail understand that bitcoin is volatile and the price can fall unexpectedly, when volatility happens they panic because it was never in their mind.  Bitcoiners who understands that bitcoin is all about volatility,  if the price falls they are already aware that it can take place at anytime and the only solution is to hodl till when the market goes up again.

One thing you need to remember, your investment journey in Bitcoin is not always smooth, for example the price of Bitcoin can fall and increase at any time. As a newcomer to the crypto space, you are very brave by putting all your investment funds in Bitcoin, even if your actions are not recommended, you are prepared for any market conditions that may not be as expected. I judge you as one of the investors who believe that if Bitcoin is ready to make a big rebound, it's only natural that you put all your savings in Bitcoin.

But the main Idea here is that he Goes one time , meaning all the amount are funded in Bitcoin alone in which for me? not practical because diversifying will benefits good than putting all eggs in single basket.
I can feel that as my Son and daughter are also involving in crypto nowadays specially NFT and trading in Binance .

that is what increasing belief and respect is , because the more we trust this market is the more we will be making money in time.

Although putting all funds in a single coin isn't a common idea, I think it is not a too bad idea. At least, you choose the right coin to invest in as a beginner. Bitcoin is the king of crypto coins, it has many advantages to consider as the main asset. Bitcoin is a crypto coin that influences the whole crypto market, its value usually has an impact on the prices of altcoins. Bitcoin is a coin that has the biggest market caps, it is the most favorite coin. Bitcoin is also the most paired in crypto market. Simply, we can conclude that Bitcoin is the most crucial coin in crypto world. According to these reasons, we know that Bitcoin is the safest coin to invest in. The price is also proven to always increase from one bullrun to another bullrun.

For newbies who are inexperienced and also do not have good analytical skills, choosing to focus on investing in Bitcoin is not a bad choice.
As you explained Bitcoin is the safest coin to buy by newbie, because the opportunity for the price to rise in the future is very large.
The problem is that newbies don't understand that they can't expect instant profits from Bitcoin, newbies have to learn to be patient holding
Bitcoin in the long term if they want to make a profit from Bitcoin.

In the end newbie must learn the crypto world well, to understand how Bitcoin works. So newbies don't panic when buying Bitcoin if it turns out
that the Bitcoin price suddenly drops, newbies should learn that the success of investing in Bitcoin is how patient they are holding Bitcoin.
That's why we find quite a lot of newbies who invest in Bitcoin in the end experiencing losses. Because they don't understand how to make a profit
from Bitcoin, so don't be lazy to learn the crypto world for newbies. At least a newbie must know Bitcoin well to be able to profit from Bitcoin.

It does look right because the goal is to store money in Bitcoin. But if the goal is just to save and not to make a profit at a later date. I think it would be better if the OP wants to put money in a stablecoin that he likes or that he believes is good even though Bitcoin is the best among other coins ever. So this needs to be determined from the start before the amount of assets decreases because stablecoins are always more suitable for holding an amount of money that is not being used. Because Bitcoin is only more suitable to be kept as an investment in the long term with dedication and the hope of greater profits.

Bitcoin should definitely be the backbone of any crypto portfolio.  I would even say that it should make up probably 80%+ of your portfolio (mine is higher).  I see a lot of influencers saying to go 50/50 with BTC and ETH, but I think people should look to anchor their portfolio with Bitcoin, and then speculate with a % of it that you feel comfortable losing.  There's nothing wrong with experimenting with different technologies and you might stumble on some fun projects in the meantime.  :)

Never invest everything you have in one asset or even Bitcoin. You never know with the current situation how low bitcoin can how as we could go under 15k in a matter of months or even during the Christmas as we know Bitcoin tends to make bad surprised during winter in a bear market so investing right now in anything is a bad idea in my opinion so it's better to keep your money in your hands if you can in this rough times.

the best thing in his decision was to choose bitcoin in exchange for all the funds he had. Unfortunately, since May, the price of bitcoin has fallen quite a bit, and it looks like he needs to be patient enough to hold the bitcoins he has bought from the funds he invested. however, I'm pretty sure that if he is patient, the bitcoin price will likely rise and hit its ATH again. Unfortunately, he didn't have the funds to invest elsewhere and stopped here. it is a side effect of keeping all funds in 1 basket. only, if the price really got to the new ATH, it would make him a huge profit. well, I hope the OP will get that advantage soon

Congratulation for the bold step you took as a newbie to invested all your money in Bitcoin in this bearish season, which is the best season many potential investors use to prepare ahead for a bright future. I think, many newbies will like to follow your step to make Bitcoin their choice to invest in this season, because everybody want to achieve something good in the future that will give he or she joy at the end of the investment. No doubt, Bitcoin is the best among other cryptocurrencies to invest in, and have full confident of making a huge amount of money in the future.

Thanks for these words of encouragement and I am highly impressed with the level of interest on this topic, I just ate the topic to express my decision and desire to accumulate more and more Bitcoin, but when I read through the thread I discovered a lot of contributions that added more sense to the discussion and what to look out for in this kind of decision and how to avoid some risk in this field.