Reason why I put all my money in Bitcoin as a newbie

[tbterryboy]

The price of altcoins is based on hype, artificial pumps, irrational speculation. It's not based on real world utility.

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 why altcoins come and go, coins that had billions in marketcap yesterday are forgotten today.

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

There's no company outside of crypto, big or small, that somehow utilizes smart contracts

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.

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.

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.

[hatshepsut93]

The price of altcoins is based on hype, artificial pumps, irrational speculation. It's not based on real world utility.

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.

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".

[carlfebz2]

The price of altcoins is based on hype, artificial pumps, irrational speculation. It's not based on real world utility.

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.

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.

[19Nov16]

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.

[alisonwonder]

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.

[Wong Gendheng]

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.

[Wexnident]

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.

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".

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

[Shasha80]

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.

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.

[Ojima-ojo]

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 in 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.

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.

[Wexnident]

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 in 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.

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.

[Tellek Garing]

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 in 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.

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.

[FanEagle]

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.

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.

[jrrsparkles]

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.

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.

[RILWAN]

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.

[The Author]

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.

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. 

[lienfaye]

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.

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.

[rodskee]

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.

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.

[JoyMarsha]

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.

[ultrloa]

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.

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.

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.

[Joshapat]

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.