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

[STT]

Really depends on your age, when you young and poor its reasonable to take higher risks.  This is standard investment protocol, doesnt mean you have to take just 1 sector but if you are still able to earn and increase your earnings via your career then its not completely unknown to  take excessive risks.      The other risk is you lose your health and cannot earn later so thats another type of risk to cover also.

[lienfaye]

Its good that you invest in Bitcoin instead of altcoins.

But its not wise to put all your investment funds to Bitcoin alone. When it comes to crypto, its already given that Bitcoin is the most reliable investment, however it has still risk and we dont know what lies ahead since everything is unpredictable.

Diversifying is still advisable but it doesnt necessarily mean it has to be on crypto because there are also Gold, real estate etc. Anyway, you already made a decision and as a Bitcoin holder too we only want a positive outcome.

[Wawa2013]

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.

First of all, make sure our funds for investment do not come from money that we will use to pay for our daily needs. Or make sure to avoid using
borrowed money as investment funds, that's to avoid us from problems in the future. Then regarding your decision to use all your investment funds
to buy Bitcoin it is not the right thing to do, although Bitcoin is indeed the best asset for investment. At least we have to diversify our investments,
it means do not bet our investment funds in one asset only. I suggest besides investing in Bitcoin, we should also invest in the stock market or gold.
Even if our funds are large enough don't miss investing in real-estate, dividing our funds across multiple assets I think is a smart move. As for investing
in altcoins for now, ETH and BNB are quite safe in my opinion, because I am quite optimistic that ETH and BNB will not end up like LUNA.

[GreatArkansas]

I think what OP wants to say is his/her portfolio in investment is more exposure on Bitcoin or in short, he/she only owns Bitcoin, no other assets like altcoins or stocks, etc.
Which for me also a good choice, but the problem only here if OP can't afford to lose it because we all know how Bitcoin volatile, especially before lost more than 80% of it's value before.

[Reatim]

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.

Bitcoin also crashing mate , because we have seen price from 20k dropping to 3k, that is a crash already lol so that means there is a crashing happening along the way.

and Look what happen after the LUNA Issue ? bitcoin crashed again.

But I must admit that you are truly a Bitcoin supporter and you made a perfect decision in putting your money in this most trusted currency but make sure that those amount are the amount that you can afford to lose .

[Fundamentals Of]

I love it when I read this kind of realization. So many newbies are committing the error of risking on all kinds of altcoins. Many newbies are swallowing hook, line, and sinker when offered with all kinds of hype projects and coins. Newbies are more often the target of ICO, defi, NFT, etc because they are the ones who are still naive and are easily convinced with hollow promises. So while they are still learning the ropes, they should just rely on no other than Bitcoin.

[Sir Legend]

Newbies usually hear the wrong information that investing in bitcoin is a high risk, I know bitcoin since 2013 when the price skyrocketed from under $100 to more than $ 1000 at the end of the year, at that time I thought about investing in bitcoin but because I heard the risk was high then I only hunting bitcoins from faucets, giveaways and so on.

[Fundamentals Of]

Newbies usually hear the wrong information that investing in bitcoin is a high risk, I know bitcoin since 2013 when the price skyrocketed from under $100 to more than $ 1000 at the end of the year, at that time I thought about investing in bitcoin but because I heard the risk was high then I only hunting bitcoins from faucets, giveaways and so on.

It is actually true that Bitcoin investment is highly risky. There's no arguing about it. The level of volatility in Bitcoin is high. That itself means it is risky. You could lose 50% of your investment's value in just a matter of days. That's risk. But the good thing about Bitcoin is that if you change your approach, the risk could be greatly reduced. This is the reason why people are now recommending that investors should be setting a long term for their Bitcoin investment. It is much safer this way.

[LFC_Bitcoin]

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.

Welcome to the winning team, brother. If you’re willing to continue buying & HODL for a significant amount of time you will be very happy you made this decision.

[hugeblack]

Since you are new it is best to learn more about investing, how to get in and out, when the price is fair and when you should stay away from investing.
Now is the time to build long-term entry positions, but there is a lot of talk about the possibility of a correction in the market, so perhaps waiting a little bit may bring you long-term gains.

But if we are talking about long-term investments and you do not need that money, it is a golden opportunity.

Investing 100% of your money is not a smart idea, perhaps it is better to reduce this amount to money that you do not want to use at the moment.

[Ojima-ojo]

Since you are new it is best to learn more about investing, how to get in and out, when the price is fair and when you should stay away from investing.
Now is the time to build long-term entry positions, but there is a lot of talk about the possibility of a correction in the market, so perhaps waiting a little bit may bring you long-term gains.

But if we are talking about long-term investments and you do not need that money, it is a golden opportunity.

Investing 100% of your money is not a smart idea, perhaps it is better to reduce this amount to money that you do not want to use at the moment.

Am talking about long term investment and not a short term investment and yes am well aware of the volatility of the Bitcoin market but then Bitcoin long term goal have higher profits merging, and putting up some left over funs in Bitcoin for long term is not a bad idea.
Instead of investing in some alt coin that can go from 100 to zero over night.

[ethereumhunter]

You did what you thought best, congratulations. But I hope all those investment funds are not money that you use for your daily life because some people say that but in reality, it is not so. They panicked when the price dropped drastically and said it was money for my daily life.

May you always remember the saying only invest with the money you can afford. Otherwise, you will run into trouble. Keep it up @OP.

[Vaculin]

Putting literally all your money into Bitcoin is not a good idea, not in a sense that you should buy some alts, but in a sense that you should have other investments and free cash. Rule #1 is to never invest what you can't afford to lose, and no one can afford to lose all their money.

And as for alts, no one should be touching them, newbie or not. Fundamentally they have no value.

Bitcoin, no matter how profitable it is, will not always be a safe haven and won't always guarantee profits all the time. So putting all your money in a single investment like bitcoin, brings a lot of risk and that one could lose everything. The reason why you should learn to diversify your investments, not only in crypto but also in stocks, bonds or in real assets. However, i don't mean to discourage newbies from investing in bitcoin, but only invest on the amount you can afford to lose.

[Tellek Garing]

You should look in another direction and try to build a diversified portfolio unless it is for setting aside funds that you want to look away from for a long period.

If you looking for a long time saving then I will say the idea of Bitcoin is best especially if it is money you don't need.

[Finestream]

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.

Good choice but let me remind you that even bitcoin is decentralized dont hope for a no down scenario. Even its the number 1 coin it is still subject to risk and volatility. No project can even be safe, and even stablecoin arent see what happened to Ust and some stablecoin that shows depletion like dei. So its better to be cautious.

As long as you start doing investments, being cautious and invest into the right coins is the very first thing to do. However, even if we have invested in the best asset, the fact they are still prone to losses, investing all our hard earned money is not right at all. Yes, bitcoin is a very good investment, but we should always see to it that we are investing our extra funds, and not those intended to pay our bills or for emergency funds.

[Viscore]

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.

That's your choice as you have the money to invest and get lose or gain in the end. But you should also know that investing all your funds into a single investment means a lot of risks and there's no way you can have them back once you lose them all. If i have to invest, i will still invest in bitcoin because i know its high potentials, but never will i decide to put all my money in a single basket as i may lose them all in the future.

[TimeTeller]

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.

That's your choice as you have the money to invest and get lose or gain in the end. But you should also know that investing all your funds into a single investment means a lot of risks and there's no way you can have them back once you lose them all. If i have to invest, i will still invest in bitcoin because i know its high potentials, but never will i decide to put all my money in a single basket as i may lose them all in the future.

As I understand the OP, if you are a beginner, better invest in BTC first.
And then, once you get acquainted in this market, that's when you can take the risk of other projects.
So maybe at the beginning, he's all in with BTC but later on, he will explore his chances with other alts.
Certainly, it is always advisable to diversify your portfolio, as the saying goes, never put all your eggs in one basket.

[Welsh]

Putting literally all your money into Bitcoin is not a good idea, not in a sense that you should buy some alts, but in a sense that you should have other investments and free cash. Rule #1 is to never invest what you can't afford to lose, and no one can afford to lose all their money.

I'd argue that having your money in fiat/cash isn't exactly great either. Look at the how much the inflation rates have increased recently. Plus, we're heading into one of the biggest recessions we've ever had, at least for a lot of people in their life time. Now, I probably expect Bitcoin to be effected just as much as fiat, but I'm not certain on that. What we do know is fiat will definitely be effected, and in a big way. Only have to look at previous recessions to find that out.

People won't be spending as much as they did a year ago, and that creates problems for an economy. People lose jobs, because their companies have ceased making a profit due to the reduction in spending from customers. It's a vicious cycle, which is likely to effect every currency out there. Bitcoin, in my eyes probably has the best chances of avoided issues.

However, I get what you're saying. Regardless of the way you look at it, fiat is probably going to be a lot more stable than Bitcoin, and investing all or a significant share of what you're worth, probably isn't the best idea, I'd agree. I do respect those that do though, kind of tells you they're very much sick of being a slave to society.

[noormcs5]

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.

I appreciate your descsion of putting all of your money in bitcoin as it is the safest investment. Bitcoin do crash, we have seen a lot of major crash in bitcoin history but bitcoin always recover.
Being a newbie, you do not have idea of which altcoins are good for investment, so i like your mindset of investing only in bitcoin. Though the return on investment may be low here, but your money will be safe in bitcoins and you will never face issues of rugpull like we recently saw inTerra Luna.

[Beparanf]

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.

I appreciate your descsion of putting all of your money in bitcoin as it is the safest investment. Bitcoin do crash, we have seen a lot of major crash in bitcoin history but bitcoin always recover.
Being a newbie, you do not have idea of which altcoins are good for investment, so i like your mindset of investing only in bitcoin. Though the return on investment may be low here, but your money will be safe in bitcoins and you will never face issues of rugpull like we recently saw inTerra Luna.

Safe in terms of less risk but I don't' think safe is appropriate word for investment since there's no safe in cryptocurrency investment in terms of losses because you can still suffer huge loss in Bitcoin as you already said if the bearish trend continue and it stays there for more than a years. Bitcoin is the best investment on cryptocurrency for newbie since it's the most famous and foundation of crypto. Even no brainer can invest on it without doing TA since people will buy first Bitcoin before anything else since it has a lot of demand from all traders and all eyes is on it.