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

[Tellek Garing]

This is I good move to put your investment into Bitcoin 100%, I will like to advise you to only invest only what you can afford to let go maybe some leftover funds.

Because Bitcoin is also a volatile asset that its price can sometimes be unpredictable but Bitcoin is less volatile compared to other altcoins.

[Oceat]

This is I good move to put your investment into Bitcoin 100%, I will like to advise you to only invest only what you can afford to let go maybe some leftover funds.

Because Bitcoin is also a volatile asset that its price can sometimes be unpredictable but Bitcoin is less volatile compared to other altcoins.

Putting 100% is not right because you are left with nothing when you needed it but if OP have a regular job that can support his daily needs and the investment is different from his daily needs then it's okay. Although, the market is very volatile but if you know what you are doing then it's still fine. We can't tell it to someone to copy this method but if they really know what they were doing then it's fine. Having a knowledge first about of what you are investing is the very first step in everything because you know better that way what risk you are facing.

[MiF]

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 is a good idea since bitcoin is still the most trusted coin in crypto it was rank #1 and everybody knows that bitcoin will never fall into zero value. But you also said that you will put all your money in bitcoin it means you will invest all of your money? Well i will say that this was a very risky idea you need to invest an amount that you can afford to lose because crypto is high on volatility and it is fully decentralized no one can control or predict the price and even if you invest on rank #1 coin there is still a possibility that you will still loss always do a research before making decisions.

[Sir Legend]

When I'm a newbie to bitcoin and it looks like I got a big profit in a short time of course the thing I do is keep buying, even any bad news doesn't make me sell but focus on buying, and after it looks like I get a big profit then I sell everything, even though it's profit but I regret it because of missing opportunities for big profits as the market continues to rise.

[yhiaali3]

That's right, after what happened with the Luna coin, it became clear to everyone that Bitcoin is the safest coin to invest in the long run. Almost all coins, even the strong ones, were either attacked on the network or their price collapsed, but Bitcoin has not yet experienced any attack or collapse In price, making it the most stable and safest coin to invest, Bitcoin has always proven to be a stable currency with a store of value and its price is constantly rising, making it the best option for investors.

[Semar Mesem]

I'm sure when anyone invests for the first time and then gets a big profit, he will be inspired to continue investing and even put all the money there, this is natural and I've experienced when I was a newbie and made me lose a lot of money, after more than a year I realized and understood that risk is a side we have to think about.

[SirLancelot]

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.

Even if you don't explain further, we can just assume that you are just a newbie and that is the reason why you did such risky act. Yes to me it's risky because it was often said that we shouldn't put all our eggs in one basket, that means we need to keep some for ourselves or/and put some to other cryptos in order to mitigate the risk.

You are wrong when you say that bitcoin never crashed. It crashed actually many times but maybe you just have a different definition of crashed. The good thing about bitcoin is it undergoes into halving which its supply gets halved, making it more scarce so its value is expected more to pump or at least recover if it crashed.

[Jawhead999]

Bitcoin is the safest coin among all cryptocurrencies, but put all of your money in Bitcoin is really wrong. Can you imagine if the cryptocurrencies crash and your portfolio decrease -50%? Obviously you will stressed out and don't know what you should do, either cut your losses or continue to hold.

or/and put some to other cryptos in order to mitigate the risk.

Another wrong suggestion, when Bitcoin in bear season, almost altcoins will follow it. This mean it's useless to diversify to other coins, it will be good if he diversify to stock, gold, land, real estate, etc.

[tygeade]

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.

I agree, putting money that you shouldn't is a big trouble in the cryptospace and that shouldn't happen at all times. We should be investing in the current situation and we should be saying stuff that are a bit more encouraging as well. Just invest the money you are able to lose and you will be doing a lot better, there is nothing wrong with that at all.

I believe that we should be investing something that is a bit more profitable and bitcoin is not as profitable as other stuff but at the same time it is going to be something less risky and that is how we are going to make money, with something profitable but less risky, so bitcoin is a great choice.

[Dhaniii]

Everyone has their own views and of course very different from ours. if the OP is sure of his own decision and sure of his decision, I think that's very reasonable. because what we think can't necessarily be right and he can't be wrong yet because bitcoin is centralized and recovery is very fast. who knows after the OP buys bitcoin it goes up and can get a very large profit.

[Oasisman]

I'm sure when anyone invests for the first time and then gets a big profit, he will be inspired to continue investing and even put all the money there, this is natural and I've experienced when I was a newbie and made me lose a lot of money, after more than a year I realized and understood that risk is a side we have to think about.

That kinda explain why a lot of people has lost their money in alts that they think it supposed to give them huge return. Say for example Luna, after the huge dump people are still willing to put their money into it even with 6.5 Trillion supply and it requires 5x Bitcoin's cap for Luna to reach $1 lol. That's because they have profited from it before.
If you're newbie and looking to make good return, my advice is to be patient and invest to Bitcoin for long term.

[fzkto]

Stories like this, when people go all in, usually end badly. It is probably the biggest mistake in investing - keeping your eggs in one basket. You should definitely have risk diversification and free funds to buy bitcoin if the price goes down. It will be very painful to watch the price go down for a long time if things go wrong. And when you have free funds, you can just buy more coins. Then when the trend reverses, you will make more profit.

[bitzizzix]

Stories like this, when people go all in, usually end badly. It is probably the biggest mistake in investing - keeping your eggs in one basket. You should definitely have risk diversification and free funds to buy bitcoin if the price goes down. It will be very painful to watch the price go down for a long time if things go wrong. And when you have free funds, you can just buy more coins. Then when the trend reverses, you will make more profit.

Maybe the OP has a high belief in bitcoin and I think choosing bitcoin to fully invest is not a bad plan as long as the person has a lot of patience.
because bitcoin is the mover of all coins but it's good if you have big capital follow the adage don't put eggs in one basket to make more profit but must choose the right coin and always follow the movement of bitcoin.

[Hamphser]

I'm sure when anyone invests for the first time and then gets a big profit, he will be inspired to continue investing and even put all the money there, this is natural and I've experienced when I was a newbie and made me lose a lot of money, after more than a year I realized and understood that risk is a side we have to think about.

That kinda explain why a lot of people has lost their money in alts that they think it supposed to give them huge return. Say for example Luna, after the huge dump people are still willing to put their money into it even with 6.5 Trillion supply and it requires 5x Bitcoin's cap for Luna to reach $1 lol. That's because they have profited from it before.
If you're newbie and looking to make good return, my advice is to be patient and invest to Bitcoin for long term.

Due to lack of knowledge and some mix of common sense or being too unrealistic thats why people do really end up on getting fucked up with their investment because they do really let themselves do make out

action without any basis thats why on the time that the market had opposed on what they had predicted then they would really be starting on whining or regretting on the decisions that they had made out.
PUtting all of your money even with Bitcoin investment doesnt guarantee success although we do see the potential of bitcoin for long term aspects but there's no really assurance.
So invest on the amount which you can afford to lose as always.

[DoublerHunter]

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 like people with the same instinct like this which is OP believes and admires BTC investment.
BTC has been dropped drastically but if you will compare the whole year we are still in the bullish situation that compare before we are still at the highest price compared to 2018. BTC was still on top because there are many people who believe and hold this as an asset and the time will come for to BTC will reach again into another ATH and that will for sure happen. However, putting all your money into BTC investment is not the right way because it should always the amount the you can afford to lose.

[Yamifoud]

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.

Many had lost their money in buying altcoins rather than buying Bitcoin. So I guess, even if we focus on Bitcoin alone and put a huge amount solely into this coin, I'd never think it was a wrong idea instead, it was a smart decision.

Well, I don't argue with people talking it was best to split the money, buy different coins, had multiple investments, in fact, it was there decision. But what matters a lot is how these people manage their investment coz this is a big factor that affects the results and profitability of our investments.

[Dr.Osh]

well, to choose bitcoin investment from all altcoins is probably the right choice. however, putting all your assets in bitcoin is not a good idea. You need to think about your daily living expenses as well as other necessities. putting it all in one investment is not good. moreover bitcoin has a very high level of volatility. Bitcoin price could fall in 1 night. it could be a risk you are facing right now. I suggest using only the money you are prepared to invest in, and for the few places you invest. It is better. however, bitcoin is the right choice, it's just that the strategy you have is not right. well, it's just a suggestion, it all depends on your decision.

[RealMalatesta]

putting money that you shouldn't is a big trouble in the cryptospace and that shouldn't happen at all times. We should be investing in the current situation and we should be saying stuff that are a bit more encouraging as well. Just invest the money you are able to lose and you will be doing a lot better, there is nothing wrong with that at all.

I believe that we should be investing something that is a bit more profitable and bitcoin is not as profitable as other stuff but at the same time it is going to be something less risky and that is how we are going to make money, with something profitable but less risky, so bitcoin is a great choice.

I have done that plenty of times before, so I agree with this. Back in the day every 1st of each month, I got my salary and kept it in bitcoin and I never cashed it out, when I first started this was a great idea because bitcoin price almost always went up so that means that I made some money, I got like 10-20% more than what I earned from my salary and that was a good thing.

Eventually it hit 2018 and I started to lose a ton of money and it went terrible. I made a ton of debt during that period and it was a bad situation and it resulted with something that made me understand that if you are going to cash it out in under 3 months, then do not invest it.

[Ebede]

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 really want to make it cryptocurrency you don't have to buy altcoins that have no values, because altcoins crash because some of them potentials is not guaranteed or assured like Bitcoin and ethereum. If you investment for bitcoin you are hundred percent sure that you will not lost your coin when their is surplus falls of bitcoin and ethereum but some other coins like shiba and luna will die off without resurrection

[Vaskiy]

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 really want to make it cryptocurrency you don't have to buy altcoins that have no values, because altcoins crash because some of them potentials is not guaranteed or assured like Bitcoin and ethereum. If you investment for bitcoin you are hundred percent sure that you will not lost your coin when their is surplus falls of bitcoin and ethereum but some other coins like shiba and luna will die off without resurrection

Agreed, with bitcoin it is an assured way of investment. Maybe if unexpected crash happens we need to have patience to experience the best out of the market. With altcoins this isn't promising. Being a newbie making every investment on bitcoin lower the risk whereas if it is about altcoins, then there is risk and chances of very big profit if lucky.