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

[dataispower]

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

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[Oilacris]

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.

[Rockstarguy]

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.

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).

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.

[Oasisman]

Many people saw cryptocurrency as a good way of making money in exemption of fiat currency.

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.

[onecall123]

Many people saw cryptocurrency as a good way of making money in exemption of fiat currency.

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.

[adzino]

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.

[CryptoYar]

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.

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.

Such sell-off is what tesla did recently offloading about 75% of their total bitcoin holding, [...]

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.

[xSkylarx]

-snip

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.

[Webetcoins]

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.

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.

[Smack That Ace]

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.

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.

[lucates]

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.

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.

[Russlenat]

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.
 

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.

[Falconer]

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.

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.

[Hamphser]

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.
 

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.

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.

[rodskee]

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.
 

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.

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.

However, it’s also good to invest in established altcoins but expect that they are not as secured and profitable as bitcoin.

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 .

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.

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

[Davian144]

When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.

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.

[BitcoinPanther]

When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.

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.

[Kemarit]

When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.

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.

[Rockstarguy]

When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.

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.

[arimamib]

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.

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.