Bitcoin Forum

Hi please forum mate am newbei and wanna invest my money on this decentrialised digital currency but don't know the right currency to invest my money on,and my question is which of the currency is good enough crypto or bitcoin,which one is more nice and quick to make profit,and i know for sure i will get full knowledge about it on this forum even if it will cost me.happiness in the family comes by when you are doing well,am on my adventure movement. :'(

None of them offers quick money. If you want quick money you probably should look into going into trading and that will require you to acquire certain knowledge like how to analyze market movement and also which coins or token will do well in a certain period of time. The main point of my post is that you have to be knowledgeable before you can make decent amount from Bitcoin or crypto but for now you can just purchase some Bitcoin to hodl if you have some cash to spare.


No, there are not the same thing. And here is an excerpt from an article explaining the difference.
https://i.ibb.co/NNs157X/Screenshot-20230212-233622.jpg (https://phemex.com/blogs/bitcoin-cryptocurrency-difference)
here's the link to the article just incase you want to read the whole details (https://phemex.com/blogs/bitcoin-cryptocurrency-difference)

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I will also recommend that you check out the following links provided below to learn more about Bitcoin and crypto as a whole.

• Beginners & Help Encyclopedia (https://bitcointalk.org/index.php?topic=5364418.0)
• https://www.bitcoin.com/get-started
• https://coindesk.com/learn
• https://github.com/bitcoinbook/bitcoinbook#chapters
• https://theinternetofmoney.info

The only true decentralized cryptocurrency you will ever come across is Bitcoin. The rest are either just copycats or not really decentralized as they claim.

If you are looking to get rich quick, then you are in the wrong place. You will easily end up getting scammed chancing Ponzi schemes or scam coins. Getting rich require some degree of patience and effort. Anyone who tells you they can make you get rich overnight with minimal effort is a scammer.

It not bad asking for peoples opinion but no matter what they tell you I advise you still do your own research, its the best thing to do. Bitcoin is safer and offers less risk so in my opinion i advise you invest your money in bitcoin.

There’s  no such thing has quick profit it all depends on the market. Some scam project will make you such promises like  (200x) profit i hope you don’t fall for such scams

basically crypto can be interpreted as altcoins like ethereum - binance coin - ADA - polygon - tron or others, but bitcoin is a decentralized asset that was first created by the (pseudonymous) satoshi, the amount of bitcoin cannot be manipulated (added or subtracted) and it is very different from crypto (altcoins).


this is a big mistake that is often made by beginners who invest in crypto, they believe that it will be the next bitcoin and can make you rich in 1 night in fact it is just a fantasy. only bitcoin is purely decentralized, the others (altcoins) are self-claimed only.

While you're here, please spend your precious time reading more than posting if you want to acquire knowledge regarding crypto.

For a beginner like you, I suggest you stick to Bitcoin investment because that's a truly decentralized asset that could be safe for beginners who understand Bitcoin.  There are too many coins to choose from in the crypto market nowadays (it's called altcoins)if you wanted to invest but you need to know them first because it's a high risk to get involved in altcoins, it's high volatility.

Crypto and Bitcoin are different things, read this infographic or this article.
https://www.wallstreetmojo.com/bitcoin-vs-cryptocurrency/

No one can suggest you invest cryptocurrency (bitcoin, altcoin and etc) with correctly here, because all that opinion is just speculation. if you are lucky you get a profit, if not you will get a big loss. So if anyone suggests you invest a specific coin, be careful maybe it's a trap for just use your money.

no, there are some cryptos have function is not as a payment you have to avoid it.

This is a question that your most likely not going to get any definite answer on because, it often comes with blames and your likely not going to take much pride in it in the event of a success.

Bitcoin might be your best choice but, even bitcoin have got its own ups and downs. Normally, it's about buy low, sell high and hold when need be. When you are unable to do either in proper time, you would be at disadvantage.
Should the attention be drawn to altcoins, it gets even worst. Best would be that you study the threads on the forum as per where concerns are raised on your choice of investment, coins and more about the crypto space, do your  research and invest with a mind set that you could lose whatever you put out. That would better prepare you for uncertainty.

In my opinion, the safest investment is to stay in bitcoin, because the risk is not too high. but if you are interested in altcoins there is actually no problem as long as you have to be able to choose a good altcoin. like ethereum.

but for beginners I think the most important thing is to have the knowledge first, because if you invest without knowledge
of course it will make the potential for losses so large.

If you only want to invest money in decentralized cryptocurrency, only choice for you, it's Bitcoin. Other cryptocurrencies are centralized.

Bitcoin is best but it and no other cryptocurrencies can help you to gain profit and get rich quickly.

You must hold your bitcoin to gain profit. Hold it a few years.

None of them.
Altcoins are useless and majority of them won't even be around in the near future. All the altcoins are also being pumped and dumped so they are not something to "invest" in due to the high risks involved with manipulated markets.
Bitcoin is also a currency and is not meant for investment specially not the way you are looking for, to get rich quick and only to make some [fiat] profit and get out. It is the only existing decentralized censorship resistant currency with a huge potential in the long term.

OP, you write that you want to know where to invest your money and get a quick profit. You must be careful. Because just such people in a hurry, who do not read and do not seek to learn something on their own, are hunted by scammers. They can write you a letter personally and promise a very quick profit if you invest a certain amount in an account that a scammer will offer you. Or people like you will fall for the bait on social media.
To prevent this from happening, you need to educate yourself so that you clearly understand what is Bitcoin and what is an "altcoin," since you do not understand the difference at all. Do not plan anything until you understand all the necessary things.

Invest in bitcoin which is the safest among all. If you want to invest on more coins, make research, looking for the coin marketcap and the ranking, read about the coin project history and invest only just little. Know that altcoins (other cryptocurrencies that are not bitcoin) are more volatile than bitcoin.

BUY BITCOIN

All other projects claiming that they are fully decentralized are not, let the government threaten to go after them now they will instantly switch and deny decentralization,  they are nothing but business runners, and the only true decentralized crypto project is BITCOIN.

The Creator became invisible/ghost to maintain real Decentralization.

Since you are a new member in the forum and you said that you don't know exactly which coin is better to invest in so you try to know about investment first like me. You can easily get good idea about investments from various platforms.  Because you can face a lot of losses if you invest without having a complete understanding of the investment  So first gain enough knowledge about investing then invest in any coin

While investing in both is not a bad idea, I will recommend bitcoin because, despite the fact that all decentralized digital currencies have drawbacks, bitcoin is good for the future and you are aware that investing in any cryptocurrency activity does not automatically mean you have succeeded. All you need to know is that you either sell and make a profit or lose money when you do so, so I would like you to learn more about bitcoin before you start investing.

Hi, first of all welcome to the forum  ;)

Regardless of which cryptocurrency you choose to invest in, it's important to understand that investing in the cryptocurrency market is a high-risk investment and should only be done with money you can afford to lose.
Bitcoin is often considered the most established and widely recognized cryptocurrency, and it has a long history of price appreciation. However, the value of Bitcoin can be subject to large swings in a short period of time, and it may not be suitable for all investors.
Altcoins could be your options such as Ethereum, Ripple, or Litecoin, can provide exposure to the broader cryptocurrency market and may offer diversification benefits. Also these cryptocurrencies are also subject to high volatility and have a lower market capitalization compared to Bitcoin.

Don't find something that offers quick profit because it will trap you at the end.

no investment will bring you quick profits. everything needs a process, even with the best assets like Bitcoin which are more recommended by other members. if you don't have good knowledge, the investment you make can end in losses.
Save your money first, and learn how it all works. so you will know how much risk you can accept. and if you have decided, then make your choice. of course everyone will advise you to put your money in Bitcoin. it's not without reason. all experienced people have seen how promising Bitcoin is in the future.

Well in your statement above, "wanna invest my money on decentralized digital currency", if its a decentralized currency then I propose you go for a bitcoin investment and that would be a long term investment because an investment in bitcoin doesn't pump up overnight just like that so even after investing you will have to wait and hold your coins for some time to get at least some tangible profit added to your investment capital. Any other coins apart from bitcoin is very risky when choosing for an investment because these coins can drop from their current price rate to zero in no time amounting to a very big loss in your investment. Although their some altcoins which you can invest and your profits can pump up real fast but the risk of knowing and choosing the right altcoins is always there.

I can see that you have the money to invest. But it doesn't not end in having money. Just keep your money safe and  learn about bitcoin and altcoins. When you have an ample knowledge of them, you can be confident to do your own research and make your decisions yourself.

Looking at your post, a bitcoiner will always advice you to buy bitcoin that other coins are crap. Likewise an altcoins lover will preach to you how possible it is to make x10 x20  x100 etc

I will advise you to invest the money in BTC because, whenever BTC price is moving other cryptocurrencies price will be moving too and it will help you to make a good profits from your investment and also help you to increase your capital. Since you are a newbie, and you want quick income from your investment in this season, I guess BTC will bring you such quick income because, the price is about to move higher for those that invested few months ago to earn well from the market.

Bitcoin is good enough, considered the best on the market today that we have. But with the requirement to make a quick profit, bitcoin does not meet your requirements. Bitcoin is a long term investment, it will definitely give you returns, but you need to hold it for several years.

If you are willing to pay the price and you have a lot of money for this adventure, then try shitcoin, it's like gambling, you can get rich quickly or lose it all overnight.

First to simply answer your question, Investing in bitcoins should remain your number one choice and option. Quick profit is not guaranteed, but there is a measure of security and reliability with bitcoins that you will not get investing in other altcoins. Also because you are a newbie with an interest in learning about crypto and already have indicated your interest to invest, you can easily become target for people who are searching for people like you to dupe, people like you that already have the money to invest but just need guidance, they can lead you in the wrong direction. Unfortunately, those kinds of persons still exist in this forum and the best way they reveal themselves is that they will be quick to send you a private message after reading this. Take caution.

There are other coins one can invest in at the moments and they can also make reasonable profits too,all you need to do is to make research about different projects in the market and invest in them.But the best project anyone can ever advice you to invest in now is Bitcoin,because bitcoin is very reliable and has a very good profit yield.
But before making investmest,make sure you check the market scale,to avoid any waiste of money or loss.Bitcoin is the best for now,invest in it.