Should I Keep Buying Bitcoin Alone if I Have Limited Resources?

[SUPERSAIAN]

Bitcoin has always been the safest investment option for me for many years. But I also like to make different investments, except Bitcoin and Altcoins. NFT, buying and selling physical collectibles are also fun. But bitcoin always comes first for me. As I said, it seems like the right thing to invest in unlimited assets in valuable and limited assets right now, as I said, Bitcoin comes first, so I can say without a doubt.

[nakamura12]

Bitcoin has always been the safest investment option for me for many years. But I also like to make different investments, except Bitcoin and Altcoins. NFT, buying and selling physical collectibles are also fun. But bitcoin always comes first for me. As I said, it seems like the right thing to invest in unlimited assets in valuable and limited assets right now, as I said, Bitcoin comes first, so I can say without a doubt.

Mine as well but investing in Bitcoin is the safest option for me and if I did invest in other crypto like altcoins, meme coin and NFT then I only spend the money I can afford to invest in different crypto if the money I have is limited but even though it is limited, It would be better if I only take some money from the  funds (funds or money that will be used to buy Bitcoin only) to buy or invest in different crypto as said before instead of spending more money.

[bluedeep]

Bitcoin is the best coin in crypto. Having Bitcoin is one good investment. Crypto is highly volatile. But the one who leads or who guides the price is Bitcoin. If it goes up then the price of alternative coins will also go up. Therefore, Bitcoin is the safest investment in crypto because the risk is smaller compared to investing in other coins.

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

[TastyChillySauce00]

Never think to buy bitcoin if you are having small resources. it's caused by buying bitcoin will give you small profit. How big your profit is actually depends on how much money you have invested. If you are a wise investor and you will never ever pick bitcoin as investment if you known that you have limited resources. Think about that. You must be smart enough before try to invest in the crypto. You will get only small return from there.

[Winderl]

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

[EFS]

Whenever someone says that Bitcoin has risen too high and they should buy altcoins, show them the dead altcoins and the ever-rising Bitcoin. When you look at the charts in long term, it's pretty obvious what's the right choice. I also think from time to time that Bitcoin is overvalued and other coins have higher profit margins, but when the hype wears off and I see altcoins falling, I realize how solid Bitcoin is again. No altcoin including Ethereum gives me the same confidence in Bitcoin. So don't hesitate to buy Bitcoin even if you have limited resources.

[Bolivar_Tony]

People have different investment strategy, so which ever that work for you it's fine, many people believe they are already late with bitcoin and looking for other coins that will give them similar return as bitcoin.

[TastyChillySauce00]

People have different investment strategy, so which ever that work for you it's fine, many people believe they are already late with bitcoin and looking for other coins that will give them similar return as bitcoin.

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

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

[Rampagoe004]

I believe in Bitcoin but I don't believe they will go up 10 times. Buying Altcoins is a solution for your limited investment but it also comes with risks because nothing is safer than Bitcoin.

[Sebas.tian]

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

[icalical]

Short Answer is no, doesn't matter how much your portfolio are, it always better to split it into several coin, though Bitcoin will most likely to sustain and I agree that it's currently the safest crypto investment, I prefer to diversify my investment.

[Silberman]

I believe in Bitcoin but I don't believe they will go up 10 times. Buying Altcoins is a solution for your limited investment but it also comes with risks because nothing is safer than Bitcoin.

Everything in this world has drawbacks, bitcoin is by far the coin which has the highest likelihood of producing profits during the next bull run, in fact I would go as far to say that it has a 100% chance of doing so, however the profits it can produce are on the small side, if you want higher profits then you have no option but to invest on altcoins, but with tens of thousands of them it is not easy to know which one of them will be the one that gives you the profits you are looking for.