WHEN YOU ARE CONFUSED REFER TO BITCOIN

[Wysi]

True, even I have had similar thoughts in the past like investing into newly developing coin which is priced under $1 as they might give good returns but after 2019s debacle it's clear that we cannot experiment anymore with new coins and rather go for top coin as far as bitcoin is concerned there is no such rules that you should purchase a whole bitcoin. It's advisable to buy bitcoin for the funds you have and then try to increase it by cashing out and cashing in at the right moment.

[kryptqnick]

One thing I have come to observe in this crypto space is that: people always think the price of bitcoin is too expensive and they try to go for low cap coins that are still developing and will be hoping to cash out big in the long term and increase their bitcoin purchasing power, unfortunately, most times these altcoins that were predicted to grow do mess up investors plan, and instead of them to buy bitcoin this time after the first disaster, they chase another promising altcoin and end up been disappointed, by the time they are set to buy bitcoin their money would have been burnt by shitty new coins. That is a rat race.

I have come up with a conclusion that whenever you are confused about the coin to invest your money, just go long on bitcoin as it has proven to always come back from the dead. In fact, never tell newbies to invest in altcoin when they still understand just little about cryptocurrency and the market. Always point bitcoin to them while they develop their skill in the market.

So which coin do you first advise your student to buy as the learning progresses?

I think it's a fair conclusion you make here. Altcoins were profitable in 2017 and before that. There was indeed a period of time when a person could benefit more from buying one of the top altcoins rather than Bitcoin. ICOs were always very risky, though, so I am not talking about them when I say 'top altcoins', I mean the ones with the highest market cap. Anyway, after the big fall in prices in 2018, altcoins are not that admired, and investing in them now is very risky. Bitcoin investment can be a bad one as well, of course, if a person loses it and sells during a dump, for instance, so all sorts of investments are not for people who want to play safe. But Bitcoin is less risky than other cryptocurrencies, so that's the one I choose.

[TastyChillySauce00]

That's the problem with altcoins. With bitcoins it doesn't matter how much time it got dumped it will always comeback and always has the chance of hitting ATH but with altcoins when they got dumped so hard they forgot to comeback because alts is just a tool for profit by the whales though the top 5 altcoins might be an exception. Moreover, the direction of market heavily influenced by bitcoin so it just makes sense to choose bitcoin instead of any other alt.

[beerlover]

It’s very difficult for any altcoin project to convince me.
I don’t put much interest in altcoins projects, although I have seen a lot of people talking about them.

From my own understanding, I would say that the reason some people like coins with small market cap is because they are easy to manipulate, so they are hoping that the price would be pumped at anytime so they can make easy profit and others think that investing in Bitcoin is already late, so why not invest in altcoins that are still starting up, that way they believe they would be lucky as the earlier Bitcoin investors who made millions of dollars after some years. But, altcoins are different, they keep on disappointing so it doesn’t make any sense.

[jhonjhon]

Very good point, bitcoin has existed for 10 years already and despite all the shortcomings and all controversies surrounding bitcoin, it remained on top thus, if you are to invest in coins and you are not sure which on will give you more profits then might as well choose bitcoin because nothing can go wrong with bitcoin it can be tag as a safe haven when it comes to investing in coins. On the other note, it is okay to invest in altcoins but make sure to choose the right coin for you.

[maxreish]

Bitcoin is kinda expensive-yes. But everyone can afford to buy some part of it. It is not required for us to buy the whole bitcoin if we can't afford it. We certainly still invest bitcoin and go for a long term hold just like what I am doing right now. Yeah, we can't also deny the fact that some investors wanna try cheap coins. For me, it is not about how cheap or how expensive a coin is. As long as we bought a worth to invest coins that gives us some profits.

[Slow death]

One thing I have come to observe in this crypto space is that: people always think the price of bitcoin is too expensive and they try to go for low cap coins that are still developing and will be hoping to cash out big in the long term and increase their bitcoin purchasing power, unfortunately, most times these altcoins that were predicted to grow do mess up investors plan, and instead of them to buy bitcoin this time after the first disaster, they chase another promising altcoin and end up been disappointed, by the time they are set to buy bitcoin their money would have been burnt by shitty new coins. That is a rat race.

about what you wrote, days ago I saw this:

https://coinswitch.co/news/ripple-price-prediction-2020-xrp-price-to-touch-1-20-usd-in-2020-latest-ripple-news-update

If someone doesn't do research they can believe in this article

So which coin do you first advise your student to buy as the learning progresses?

I only advise people to buy bitcoin

[davis196]

I don't advise other people to buy anything(including cryptocurrencies).
If some people really think that bitcoin is "expensive",why don't they just buy 0.001 BTC.
There is a learning curve in crypto trading,and every trader should lose some money in order to gain knowledge and experience about the crypto markets.It's like every business,you have to lose some money,before you start making money.

[roc080]

But in 2017, when btc boomed, it was people who had invested in really unknown coins, and made a killing. Some of those investments were risk, and yet people took and made good money. Take a look at cardano, and how much money was made, by people who invested in really not so known coins.
I believe investing in bitcoin is a safe choice, but how likely bitcoin is going to go from 10k to 20k, or 20k to 40k, and on the same, if you look at cheaper coins, which quadruple your investment in no time.

[samcrypto]

Bitcoin is my first coin to introduce to my friends because its the popular coin and you can easily give an example of pump and dump of bitcoin and you can easily explain how volatile the cryptomarket is through the movement of bitcoin. If you are going to refer altcoins make sure you understand it because your friend might be on the big risk if they invest on it without proper knowledge about the altcoins. Bitcoin is the best coin to convince someone to use cryptocurrency, then if he wants to know more then choose also the best altcoins.

[Eclipse26]

Bitcoin will always be the first choice among all the choices of coins. It doesn't have to be too much investment. You only need to invest the amount you are capable of investing so it's not as expensive as what you think. But investing in Bitcoin, we also have to consider the price not just how much btc we can buy.
Investing in cryptocurrency need to have some knowledge. So I guess, before we invest we make prior study how crypto works. And with that small knowledge, we know when is the right time to buy bitcoin.

[lienfaye]

So which coin do you first advise your student to buy as the learning progresses?

Buying a certain coin is not the answer for newbies to learn about crypto or to understand the flow of the market. They need to gain knowledge first and help themselves to become aware of many things and not relying with their mentor's suggestions.

When it comes to what coin to buy I think most of us will suggest bitcoin because it is the safest coin giving us profit even in long period of holding. And even the price plunged it can bounce back with no specific time frame, we just need to wait and give it time to recover.

[BuNga_cute]

I strongly agree that the first choice of coins for investment is bitcoin, because bitcoin is very safe for investment. Because it can be seen
besides having a high volume, bitcoin also always dominates the market. This makes bitcoin very easy to make profits, mostly newbie
misunderstood bitcoin. Because the price is expensive so it's hard to make a profit, even though reality isn't like that. We could have
generate profits from coins that have expensive prices. Large profits depend on our expertise in managing strategies. So from that
don't ever hesitate to recommend bitcoin especially to newbies as the main choice for investment.